UPDATE 1-Denso China parts plant partially restarted

June 25, 2010 By Leave a Comment

June 24 (Reuters) – Denso Corp (6902.T), a parts maker affiliated with Toyota Motor Corp (7203.T), said it had partially restarted operations at a plant in Guangzhou, China, although wage negotiations were continuing.

Denso is aiming for an agreement as soon as possible, a company spokesman said.

Denso (Guangzhou Nansha) Co Ltd halted supply of its fuel injection equipment and other parts to Toyota, Honda Motor Co (7267.T) and other car makers on Monday after workers left production lines demanding higher wages and better benefits.

The strike has forced Toyota Motor’s plant in Guangdong province capable of producing 360,000 vehicles a year to stand idle since Tuesday.

Toyota said it was making preparations to resume production early next week. (Reporting by Yuko Inoue and Chang-Ran Kim; Editing by Edwina Gibbs)

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Denso says Guangzhou parts plant operations restarted

June 25, 2010 By Leave a Comment

June 24 (Reuters) – Denso Corp (6902.T), a parts maker affiliated with Toyota Motor Corp (7203.T), said on Thursday it partially restarted operations early this morning at a plant in Guangzhou, China.

Cyclical Consumer Goods

Wage negotiations with its workers are still going on, but Denso is aiming for an agreement as soon as possible, said a Denso spokesman in Japan. (Reporting by Yuko Inoue)

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South African Markets – Factors to watch on June 22

June 23, 2010 By Leave a Comment

June 22 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.

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GLOBAL MARKETS

Asian stocks retreated on Tuesday as investors booked profits a day after China’s weekend decision to give its currency more flexibility triggered a risk rally. [MKTS/GLOB]

SOUTH AFRICAN MARKETS

South African stocks gained on Monday as China’s pledge to allow a more flexible exchange rate lifted commodity and oil prices while the rand rallied to a seven-week high on the news before giving up the gains. [.J]

ESKOM ESCJ.J STRIKE TALKS

South Africa’s biggest union said it was hopeful fresh wage negotiations on Monday with state-owned power utility Eskom could avert a strike that could disrupt electricity supply during the World Cup. [ID:nLDE65K23Y]

MEDI-CLINIC (MDCJ.J)

The South African private healthcare company said it plans to raise to raise 1.4 billion rand ($186 million) via a rights offer to fund expansion in Switzerland, where it runs the country’s biggest private hospital group. [ID:nLDE65K21B]

REMGRO (REMJ.J)

The South African investment firm reported a 30 percent decline in full-year earnings on Monday, in line with expectations, after it spun off its stake in British American Tobacco (BTIJ.J) to shareholders. [ID:nLDE65K1V0]

WEEKLY MAIZE DATA

The South African Grain Information Service releases data on weekly maize imports and exports at 1000 GMT.

Q1 EMPLOYMENT DATA

Statistics South Africa releases Q1 quarterly employment statistics at 0930 GMT.

GOLD XAU=

Gold gained on Tuesday as the euro jumped after China’s central bank set the yan’s daily mid-point at its strongest since a 2005 revaluation, while a drop in bullion prices from a record also triggered bargain hunting. [GOL/]

WALL STREET

U.S. stocks once again succumbed to late-day selling light trade on Monday as hopes China’s newfound dedication to yuan flexibility turned to doubts about the speed and magnitude of Beijing’s intentions. [.N]

EMERGING MARKETS

For the top emerging markets news, double click on [nTOPEMRG]

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Some of the main stories out of the South African press:

BUSINESS DAY

- Telkom CEO may leave prematurely

- SARS stakes out nhigh net-worth individuals

- First Uranium “came close to bankruptcy”

BUSINESS REPORT

- Mayibuye set to build on Blue in Africa

THE STAR

- Storm the Bastille, Bafana (Reporting by David Dolan)

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Swedish pilots strike after wage talks fail

June 17, 2010 By Leave a Comment

June 16 (Reuters) – Nearly 2,000 pilots went on strike in Sweden on Wednesday after several weeks wage negotiations with employers collapsed, leaving thousands of passengers stranded across the country.

Industrials

The pilots’ strike, scheduled to start at 0300 GMT and last for eight hours on Wednesday, will affect all domestic flights and a significant portion of international flights, airports operator Swedavia said in a statement on the Stockholm Arlanda Airport website.

It said Scandinavian airline SAS (SAS.ST), still reeling from the effects of a volcanic ash cloud from Iceland which grounded airlines across the region, would see its Stockholm-based non-intercontinental flights affected.

At least four airlines would not fly for the rest of the day, the statement said.

The Swedish Airline Pilots Association (SweALPA), representing some 1,900 pilots in Sweden, said the union was unable to resolve a dispute over wages with employers.

The union had offered to take a 10 percent wage reduction while employers demanded wage cuts of 20 percent, it said in a statement.

No further negotiations are scheduled. (Editing by Hans Peters)

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Aggressive, not nice, women earn big bucks at work

July 14, 2009 By Leave a Comment

Washington, July 14 (ANI): Being a nice girl would not take you ahead of others in the professional race, for a new study suggests that being aggressive and having a masculine approach is what makes you earn big bucks at workplace.

The academic study has shown that “alpha male” women earn an average of 40,000 pounds more over their lifetime than female colleagues who are “nice”.

It was found that personality traits are just as important as intelligence in determining how much people earn in their career.

The team found “alpha male” women earn 4 per cent more than those who are deemed to be “passive”-this amount to 40,000 pounds over a lifetime, based on a 40-year career with a 25,000 pounds annual wage.

Scottish businesswoman Michelle Mone, chief executive of the Ultimo lingerie company, agreed that having an assertive manner had aided her success.

Led by Guido Heineck, the study titled ‘Does it Pay to be Nice?’ also showed that “conscientious” women, who display self-control and persistence, generally earn 5 per cent more than sloppy colleagues.

Heineck, from the Institute for Employment Research in Nuremberg, Germany, said personality traits such as “agreeableness” were not beneficial in the workplace.

“Our statistics show that being nice does not pay for women, whereas working hard does. This is probably, in part, because agreeable people are too passive in conflict situations and poorer in wage negotiations,” The Scotsman quoted him as saying.

He added: “Traditionally, women are more passive and likeable at work. This (research] shows that to be successful in the workplace women have to adapt a more alpha male-like behaviour.”

The study was presented at a conference at Essex University. (ANI)

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