Important Forex News of 2018

We all know that news is an important part of our lives. No morning is complete for us without having a glimpse of the newspaper while sipping a hot cup of tea. However, along with all the news of what is happening around, it is good if one is acquainted with what is happening inside the country in the context of business, currency exchange, etc. and how the finances of the country are managed. There are many websites, magazines and even applications for mobile phone where one can read Forex news and know about how foreign exchange brokers are progressing and putting in their strenuous efforts to maintain the financial market of the country effectively. Let us know about some of the latest foreign exchange news, which will give us a deeper view of different countries’ financial market, foreign exchange policies and overall financial condition of the country.China’s Central Bank has spent its second largest amount on Forex in the year 2018Iris Pang, an economist at ING, has confirmed that in the year 2018, the Central Bank of China had spent a whooping amount of 91.58 billion dollars in Forex purchases. This has turned out to be the second largest amount ever spent on foreign exchange currency purchases in the year 2018, while the largest amount ever spent on foreign exchange currency purchases was in September in the same year 2018 and was as high as 119.39 billion dollars.This is a testimony of the fact that foreign exchange purchases have become an integral part of the finances of various countries and a significantly high part of various countries’ budgets goes towards the foreign exchange purchases. Forex brokers are really important in managing the foreign market as they help a lot in the foreign currency exchange.EUR is expected to trade sideways from now onVarious analysts from UOB have suggested that EUR is expected to trade sideways from now on. The current upward pressure has been alleviated and it is due to this reason that EUR is likely to trade sideways, at least, for now, probably within the broad range of 1.128 to 1.144. It is expected that it may take up to several weeks for EUR to finally break through these levels. Various indicators are almost flat as of now and the recent movement indicates the consolidation phase.USD falls, GBP on cloud nineThe Pound of the Great Britain is the clear winner in the session that has taken place recently. It stayed at its all time highest for more than a week, staying at 1.29. The EUR is still at 1.14, which has got a slight upgrade due to the Brexit headlines. While GBP soars high as seen before, the dollar of the United States of America is not performing up to the expectations in most parts. It is falling behind its counterparts, except for NZD and AUD.Such news provide us with a lot of details about the finance and currencies of various countries, don’t they?

HR Departments Should Use Online Business English Courses for Corporate Training

Why do I say that corporate Human Resource Departments should use online Business English courses for corporate training? An Online Business English teaching website using Skype or a virtual classroom can be useful for developing their employees and increasing their competitiveness. There are also some other very good reasons.One reason is that there is a trend towards using more online learning courses in the corporate world. There must be some good reasons for corporations to be doing this. These online courses can be more flexible in timing, number of attendees, etc. They can be more effective due to having one to one training or smaller groups (not as costly so no need to have large classes to reduce the cost per person). Thus, an online course will take less money out of the HR training budget, or it will allow more people to be trained with the same amount of money.Why online courses?They can be cost effective. There will be no needed airfare costs to bring in a trainer, or to send the students to the location, and also there will be no lodging and food costs. A classroom may not be needed for the students to access the internet. With a virtual classroom it is just like a classroom: there is a whiteboard that can be used by both the students and teacher, the teacher can show videos, the class can review word documents, excel files, and PowerPoint presentations. Many of the virtual classrooms can have students online at one time from five different locations, so there may be no need to have a physical classroom for the students to take the online course. As well, because of the lower cost, the course can be given to fewer students and still be cost effective. The money saved by using online courses can be used to give more courses to the employees.If the HR departments and corporations are doing online training courses then why not online Business English courses? As shown above, online courses can have significant cost savings for companies. These can be used to upgrade and improve the English of the non-native English speakers in your corporation that have to deal in English in the business world. The courses can be customized to suit the needs of the company and the students. With fewer students needed to make the courses cost effective they can be even more customized for the students.Why online Business English courses?They can improve international communications for sales and business people. Employees, especially sales people, will be better able to give presentations. Employee will be more comfortable in business situations. There will be fewer communication problems with clients and suppliers. These courses can be targeted to an individual’s problem areas.What courses can be taken?There are many business English courses that you can take. For example Business English Courses: English Job interviews, Business Correspondence, Presentations in English, Writing, Resume Writing, and Business English, Negotiation, Meetings, Telephoning, Socializing, and other similar courses. There are many online English and Business English courses, some which use Skype and others that use a virtual classroom providing lessons. A virtual classroom will have an on screen whiteboard on which both the student and teacher can write and draw, be able to show Word, Excel, and PowerPoint files, and be able to show YouTube videos during the class.What are the benefits to the company?The benefits to the company are many. Foreign companies can improve the English of local hires since most communication will probably be in English. Local companies can improve communications with foreign clients and suppliers. Your employees will be happier because they will be more comfortable talking with clients or suppliers in English. The clients and suppliers will be happier because there will be fewer problems caused by miscommunication. Online courses can be run with fewer students, so there will be a cost savings because the neither trainer nor the students need to be brought together.For headhunters and human resource recruiting companies their candidate will be more appealing to the client, and will be more marketable. They should do better in job interviews with the client and be more likely to be hired by a foreign or international company searching for local employees.In summary there are many benefits and savings from online Business English courses. Your employees will be more comfortable speaking English, there will be fewer communication problems, your sales presentations will go smoothly, and you will have lower training costs per employee. HR departments should use online Business English courses for all or part of their training needs if they are doing business internationally.

Business Capital Solutions In Canada: Accessing Proper Cash Flow & Commercial Financing

Business capital requirements in Canada often boil down to some basic truths the business owner/financial mgr/entrepreneur needs to address when it comes to financing for businesses.

One of those truths? Knowing the true state of their financial condition and what financing they do and don’t qualify for when it comes to meeting commercial lending requirements in Canadian business.

Business Loans In Canada

Whether you are smaller or start-up firm looking for information on how to get a business loan or a larger established firm looking for growth financing or acquisition opportunities we’re highlighting 3 mistakes that commercial loan seekers like your company need to avoid making when addressing, sourcing and negotiating your cash flow / working capital and commercial financing needs.

1. Understand the true condition of your company finances – These are almost always successful addressed when you spend time on your financials and understand how your financial statements reflect your access to commercial loans & business credit in general

2. Ensure you have a plan in place for sales growth and financial needs as it relates to commercial financing

3. Understand that actual hard facts about cash flow which is, of course, the lifeblood of your company

Can you honestly answer or feel positive about all those 3 points. If so, pass Go and collect $ 100.00!

A good way to address your company’s finance plans is to ensure you understand growth finance solutions, as well as how to manage in a downturn – i.e. not growing, losing money, etc; It’s never fun to fund yourself in an economic or industry downturn such as the COVID pandemic of 2020!

When we talk to clients of new or established businesses it seems they are almost always talking about sales, so the ability to understand and focus on the differences in their profits and cash fluctuations is key.

How do cash flow and sales plans and projections affect the type of financing you require? For one thing sales growth usually starts out by consuming your cash, not generating it. A poor finance plan will drag your business down and addressing financing simply gets tougher and tougher.

Three basics always emerge when it comes to your search for the right business capital and financing.

1. The amount of financing you need

2. The type of financing (debt/cash flow/asset monetization) The business loan interest rate will be dramatically affected by whether you choose traditional or alternative financing solutions. Private business loans in Canada come from non regulated commercial finance companies most often known as ‘ alternative lenders ‘. These lenders are typically highly specialized in one ‘ niche ‘ of business financing and may be Canadian firms or branches of U.S. banks and non-bank lenders

3. How the financing is structured to be manageable with your day to day operations

What Finance Company In Canada Can Meet Your Borrowing Needs & Why Is Capital Important In Business

Let’s identify and break down key financings your firm should know about and understand if they are applicable and achievable to your business. They include:

A/R Financing / Factoring / Confidential Receivable Finance

Inventory finance / floor planning / retail inventory

Working Capital term loans

Unsecured cash flow loans

Merchant working capital loans/advances – these loans are geared toward short term cash needs and are typically one year in duration. Loan amounts are typically 15-20% of your annual sales revenues.

Royalty finance

Asset based non bank business lines of credit

Tax credit financing (SR&ED bridge loans)

Equipment Leasing / Sale leasebacks – Equipment financing in Canada is used by almost 80% of all companies looking to acquire new, and used, assets.

Govt Guaranteed Small Business Loan program – Government Loans in Canada are sometimes referred to as ‘ SBL’, aka Note: BDC Finance solutions are available from this Canadian non-bricks and morter crown corporation. A small business loan via the government-guaranteed loan program comes with true flexibility around term loan duration, market rates, no pre payment penalties, and of course the low personal guarantee that is required by borrowers. These two ‘ government ‘ loan solutions are often perfect for financing a new business.

If you’re focused on not making mistakes in your business finance needs and want to capitalize on the solutions your competitors are probably already using seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and commercial financing needs.

Stan has had a successful career with some of the world’s largest and most successful corporations.

His employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) In 2004 Stan founded 7 PARK AVENUE FINANCIAL – He is an expert in Canadian Business Financing.