TelcoDepot.com has announced new bulk purchase discounts on phone systems and communications equipment for insurance companies.
Bay Shore, NY (PRWEB) June 11, 2012
Insurance companies will now be able to make bulk purchases of critical phone systems and VoIP equipment from TelcoDepot.com at discounted rates, saving significantly in the process. Other benefits of the offer include special technical support and a host of related incentives.TelcoDepot.com is a provider of business phone system equipment and services covering VoIP phones, VoIP service, hosted PBX service, PBX phone system equipment, telephone system accessories and more, including VoIP phone system support. Shop for leading phone system equipment from brands like Aastra, Allworx, Grandstream, NEC phone system products, TalkSwitch, Xblue and Yealink at affordable prices with great support options.
Insurance companies process a large volume of phone-based internal and external communications daily for all their activities including claims processing, claims checking, financial transactions, legal communications, and so on. Without a reliable and efficient phone system network to run their daily activities, their business would suffer significant setbacks and losses.
Downtime, even for an hour, is not acceptable in the insurance business because lots of potential customers would be lost, and a great deal of work would not get done, leading to backlogs which overload available human resources and impact business outcomes negatively.
It is therefore essential that insurance businesses invest in a reliable, versatile and scalable phone system network consisting of quality phone systems and VoIP equipment held together by a powerful VoIP solution. Such a network should be capable of handling the anticipated high volume of incoming voice and data traffic, as well as accommodate foreseeable expansion with the least additional cost. TelcoDepot.com has the experience and expertise to provide businesses with such solutions, and the bulk-purchase discounts present an opportunity for insurance companies.
With the TelcoDepot.com offer of discount on bulk phone system purchases, insurance companies now have the opportunity of saving costs immensely while accessing quality VoIP phone systems and business/office communications solutions that are optimized to improve the efficiency, productivity of their work.
"TelcoDepot.com provides businesses with phone systems and VoIP solutions that are ideal for their industry and optimized to provide cost savings, increased performance and productivity, and a least-cost route to growth and significant ROI in the short term," says Yaron Ram, a TelcoDepot.com principal.
To learn more about the TelcoDepot.com special offering for insurance companies, including details on availability, pricing, discounts, systems and more, please call TelcoDepot.com support lines on 1-800-390-1200 or send an email to info(at)telcodepot(dot)com.
About Telco Depot
Telco Depot is a leading supplier of quality business telephone systems, business VoIP service, VoIP phones, phone headset equipment, video surveillance systems, voice & data cabling solutions, conference phone solutions and Microsoft Response Point Systems. The company’s top priority is to help its clients make informed decisions based on their specific small business phone system needs by providing experience and expertise and guiding them in selecting the best phone systems for their businesses. Telco Depot ensures that their phone systems are fully scalable, affordable priced, and provide the highest value for their clients.
Yaron Ram
TelcoDepot
6319645000
Email Information
Asia stocks cheer Spain bank aid; Shanghai lags - Marketwatch
By V. Phani Kumar and Michael Kitchen, MarketWatch
HONG KONG (MarketWatch) — Asian stocks rose sharply Monday on news Spain would seek a bailout for its banks, the health of which has been a source of much global anxiety, although analysts said upcoming Greek elections were likely to keep markets on edge.
Hong Kong’s Hang Seng Index /quotes/zigman/2622475 HK:HSI +2.44% ended 2.4% higher, its best one-day percentage advance since mid-January, while Japan’s Nikkei Stock Average /quotes/zigman/5986735 JP:100000018 +1.96% climbed 2%, extending gains after snapping a nine-week losing streak last week.
South Korea’s Kospi KR:SEU +1.71% and Taiwan’s Taiex /quotes/zigman/1565586 XX:Y9999 +1.72% each gained 1.7%.
China’s Shanghai Composite /quotes/zigman/1859015 CN:000001 +1.07% rose 1.1%, extending the small gains it recorded in morning trading, but still under-performing the region. The gains on the mainland came after data released over the weekend showed exports and imports growing, but inflation cooling more rapidly than expected amid an economic slowdown. Read more about the weekend Chinese data.
Australian equity markets were shut for the Queen’s Birthday.
Backlash over Spain bailout call
Spain's Indignado movement and their supporters protest over Spain's decision to ask for a bailout for its banks. Video Courtesy of Reuters.
The broad advances reflected an easing over European jitters after Spain’s Finance Minister Luis de Guindos said the country is seeking European Union loans for as much as 100 billion euros ($125 billion) to help its struggling banking sector. See report on Spanish bank aid.
The bailout news “has significantly shifted the bias of markets this week, with risk assets buoyed and safe-haven assets pressured,” said Mitul Kotecha, global head of foreign-exchange strategy at Credit Agricole. “However, plenty of event risk remains, not least of which is the outcome of Greek elections at the weekend.”
The advance in Asia followed a higher finish Friday in the U.S. U.S. stock-index futures were sharply higher during Hong Kong late afternoon hours, pointing to likely further gains on Wall Street. Dow Jones Industrial Average /quotes/zigman/627449 DJIA +0.38% futures gained 119 points, or 1%, to 12,622, while Standard & Poor’s 500 Index /quotes/zigman/3870025 SPX +0.35% futures advanced 12.70 points, or 1%, to 1,334.50. Read more on U.S. index futures.
Major movers
Monday’s gains in Asia were broad-based across the region, highlighted in Hong Kong by a 6.1% rally in shares of China Life Insurance Co. /quotes/zigman/336639/quotes/nls/lfc LFC +3.71% /quotes/zigman/29330 HK:2628 +6.13% , a 6.5% spike for ports operator Cosco Pacific Ltd. /quotes/zigman/14493 HK:1199 +6.50% /quotes/zigman/528823/quotes/nls/cspky CSPKY % , a 4.8% advance for Aluminum Corp. of China Ltd. /quotes/zigman/5308 HK:2600 +4.81% /quotes/zigman/294208/quotes/nls/ach ACH +2.45% and a 6.6% rise for mobile-service provider China Unicom Hong Kong Ltd. /quotes/zigman/262025/quotes/nls/chu CHU +4.83% /quotes/zigman/42417 HK:762 +6.55%
The jump in Unicom shares came on news that its unlisted parent has acquired a 4.56% stake in the company from Telefonica S.A. /quotes/zigman/161324/quotes/nls/tef TEF +0.73% AR:TEF +2.70% , a part of the total held by the Spanish telecommunication firm, in a €1.13 billion transaction ($1.74 billion). Read The Tell blog post on the deal.
Shares of diversified Wharf Holdings Ltd. /quotes/zigman/14082 HK:4 +2.21% /quotes/zigman/157654/quotes/nls/warfy WARFY +8.75% ended 2.2% higher in the upbeat market, reversing early losses. The stock had dropped more than 4% earlier in the day, after agreeing to buy new shares in developer Greentown China Holdings Ltd. /quotes/zigman/36862 HK:3900 +32.52% by investing over $650 million. Greentown shares spiked 32.5%.
HSBC Holdings PLC /quotes/zigman/207333/quotes/nls/hbc HBC +1.14% /quotes/zigman/13834 HK:5 +2.94% which has the highest weighting among the Hang Seng Index’s 49 constituents and is also one of the largest European banks, climbed 2.9% on the Spain news.
Financials also rallied elsewhere in the region, with Nomura Holdings Inc. /quotes/zigman/196701 JP:8604 +1.12% /quotes/zigman/134469/quotes/nls/nrscf NRSCF +1.40% /quotes/zigman/296367/quotes/nls/nmr NMR -0.60% rising 1.1%, and Daiwa Securities Group Inc. /quotes/zigman/192664 JP:8601 +3.14% /quotes/zigman/192671/quotes/nls/dsecf DSECF +8.22% advancing 3.1% in Tokyo, while KB Financial Group Inc. /quotes/zigman/525922/quotes/nls/kb KB +2.34% gained 3.6% in Seoul, and Cathay Financial Holding Co. added 2.1% in Taipei.
In Japan, the euro’s /quotes/zigman/4868097/sampled EURJPY -0.8462% return above the 100-yen level helped buoy exporters with an exposure to Europe.
Sharp Corp. /quotes/zigman/197304 JP:6753 +8.16% /quotes/zigman/197313/quotes/nls/shcaf SHCAF -1.46% rallied 8.2%, Mazda Motor Corp. /quotes/zigman/195040 JP:7261 +3.03% /quotes/zigman/195045/quotes/nls/mzdaf MZDAF +1.68% climbed 3% and Canon Inc. /quotes/zigman/192200 JP:7751 +3.51% /quotes/zigman/192225/quotes/nls/caj CAJ +1.64% advanced 3.5%.
Over in Seoul, blue-chip exporters were also outperformers, with SK hynix Inc. /quotes/zigman/171896/quotes/nls/hxscf HXSCF 0.00% adding 6% to its value — helped also by a reported chip-development alliance with IBM Corp. /quotes/zigman/230066/quotes/nls/ibm IBM +0.22% — and LG Display Co. /quotes/zigman/352771/quotes/nls/lpl LPL +4.84% gaining 5.7%.
Most regional markets appeared to largely shrug off the mixed bag of Chinese economic data released over the weekend showing a broadly softening economy despite a strong trade account.
But trading in mainland Chinese stocks was choppy, with some banks retreating on lingering worries their interest-rate margins would be hurt by last week’s rate cut from the People’s Bank of China (PBOC).
“The first day after PBOC cut interest rates and lifted the deposit rate ceiling ... many banks announced they were moving to a higher deposit ceiling,” May Yan, head of China banks at Barclays, wrote in a note to clients.
“We believe the swift action indicates fierce deposit competition, but the competition could moderate in the future. We expect rising deposit rates to have quick negative impact on net interest margins, while the lending-rate decline should be gradual and could be partially mitigated by loan-mix shift into high-yield lending,” Yan said.
Shares of Agricultural Bank of China Ltd. /quotes/zigman/1440017 CN:601288 -0.38% dropped 0.4% in Shanghai, and China Minsheng Banking Corp. /quotes/zigman/1866997 CN:600016 -0.49% /quotes/zigman/593901/quotes/nls/cmaky CMAKY -2.25% slipped 0.5%.
A few airline stocks also lost ground amid a weakening demand outlook. Air China Ltd. /quotes/zigman/424509/quotes/nls/airyy AIRYY 0.00% /quotes/zigman/1873637 CN:601111 -1.27% shrank 1.3%, China Eastern Airlines Corp. /quotes/zigman/173680/quotes/nls/cea CEA +3.17% /quotes/zigman/1864214 CN:600115 -1.90% fell 1.9%.
Guardian Small Business Network launches - The Guardian
The Guardian Small Business Network has launched today in association with Lloyds TSB Commercial.
The Network will provide resources such as online Q&A sessions, expert blogs and case studies to support the owners and employers of small and medium businesses. It will follow in the footsteps of the Guardian's other digital-led Networks such as Guardian Sustainable Business and the Guardian Teacher Network, providing an online forum for debate as well as live events for networking.
The inspiration for the site came from the Guardian's commitment to provide a professional product for its readers. Realising the difficulties that small businesses face in the economic climate, the site aims to give them instant access to resources which can help them shore up and build their businesses.
Defining small business as any company with a turnover below £15m means the site will provide advice not just on starting your own business but also on growing sales, exporting to new markets and managing cashflow. In particular it will focus on giving readers access to the expertise that will help support their business in the future. For example, whilst small business owners will be experts in their own business they may not have specialist knowledge about marketing or accounts management. The Guardian Small Business Network will suggest ways they can grow their contacts book to find this support outside their own offices through joining professional bodies, finding a mentor or improving their networking skills.
The Network is made up of three main components. The site itself will contain blogs from professionals discussing their experiences and the lessons learnt. There will also be live Q&As where readers have the opportunity to quiz a panel of sector experts on specific topics, gaining instant access to people who can help them handle the day-to-day problems that come with running your own business.
The best practice exchange will feature case studies from businesses across the UK. Any company which believes it is doing something innovative or different in the four categories of winning new business, cashflow, exporting to new markets and starting up, can submit its case study to the judging panel. All those that meet the criteria will be published on the Guardian Small Business Network within the best practice exchange, and the winning entries for each category will be featured in the Guardian.
Finally, the Guardian Small Business Network will also provide readers with a chance to build their contacts book by attending one of twelve breakfast seminars that will be taking place around the country. Run with the Institute of Directors these events will give business managers a chance to hear from industry experts and to network with their peers.
Readers can become a member of the Guardian Small Business Network for free by signing up here. Members will receive all the latest from the network including a weekly newsletter, updates on our regional events and Best Practice Exchange.
Stocks get a boost from Spain’s bank bailout - msnbc.com
Stocks moved higher Monday after euro zone finance ministers agreed on an aid package to help Spain, but worries persisted over the upcoming Greek election and the global growth outlook.
Investors struggled to extend the previous week's gains, which were the S&P's biggest of 2012, and as concerns persisted about the global growth outlook.
Bob Doll, Chief Investment Officer of Global Equities at BlackRock Advisors, said the bailout news is making him feel “a little bit better” about the European debt crisis.
“This is not the final answer, but Europe is like the U.S. a few years ago; they’re throwing a few things against the wall to see what sticks,” he told CNBC Monday. “This is a step in the right direction.”
In the aid deal, Spain will be lent up to 100 billion euros ($125 billion) to help the country's battered banks. The size of the package was larger than expected, removing a huge cloud that has been hanging over financial markets.
European shares gained 1 percent.
Investors have been fearing that a banking crisis in the euro zone's fourth-largest economy could have compounded the currency bloc's troubles with Greece ahead of that country's June 17 elections.
"The size of the deal is meant to show a real commitment on the part of the euro zone to stabilize the system, and that's something the market is taking solace in," said Robert Pavlik, chief market strategist at Banyan Partners LLC in Palm Beach Gardens, Florida. "However, this just moves the problem down the road and shows how nervous the EU was going into the Greek election."
The vote could put Greece on the path to leaving the euro zone. Futures opened more than 1 percent higher on Sunday, but subsequently lost ground as concerns over the region persisted. In addition, some weak data from China underscored the hurdles being faced to strong growth.
Cyclical stocks like energy and financials are likely to climb on the sign of progress in tackling Europe's debt issues. The sectors are tied to the pace of economic growth, which the debt crisis has called into question.
In part because of uncertainty stemming from the euro zone, U.S. companies are finding it more difficult to grow their revenue now than at just about any time since the financial crisis.
In a sobering sign of slowing overseas economic growth, China's inflation, industrial output and retail sales all flagged in May. It was the second straight month of sluggish growth, which galvanized policymakers last week into taking their boldest action yet to combat a sharpening slowdown.
Goldman Sachs is close to striking a deal over the sale of its hedge fund administration business with State Street Corp, the Financial Times reported. The move would create the largest administration services provider to hedge funds worldwide.
Reuters contributed to this report.
World stocks jump on Spanish bank bailout - Yahoo Finance
By Simon Jessop
LONDON (Reuters) - A wave of relief buying swept across financial markets on Monday after a rescue package of up to $125 billion for Spain's banking sector eased some concerns about the euro zone debt crisis.
Spanish banks have been hit by a collapse in the real estate sector and a surge in bad loans but their stocks gained on news of the bailout and the euro and commodities also rose.
The rally after the weekend deal between euro zone finance ministers may be short-lived, however, as investors turn their focus to Greek elections on Sunday that could put Athens on a path to leaving the currency bloc.
That would then renew the market pressure on Spain and Italy, which is also facing scrutiny of its public finances.
"It's a big number, much bigger than what people had been expecting. It reduces the systemic risk, so it's hard not to be buying this morning," said David Thebault, head of quantitative sales trading at Global Equities.
"But all in all, it's a credit line, provided to one sector of the Spanish economy in a bid to stop the bleeding. We're still far away from the definitive solution here."
Following gains across Asia overnight, European shares surged in early trade, with the Euro STOXX 50, the euro zone's leading index of blue-chip shares, up 2.4 percent, and Spain's IBEX 35 up 4.6 percent.
Emerging market stocks were up 1.9 percent.
"In terms of fundamentals, this is clearly an important step as the money now seems to be on the table to heal the Spanish banking sector," Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets, said.
"However, this does not mean we have clear sailing from here. In order to get out of this situation, we need structural supply side reforms and some growth."
The euro rose more than 1 percent to hit a three-week high of $1.2672 in Asian trade, pulling away from a near two-year low of $1.2288 hit earlier this month, before slipping back to trade around $1.2615.
But economists said the package would do little to help pull the Spanish economy out of recession and bring down the highest unemployment rate in Europe.
Spaniards were moving money abroad at the fastest rate since records began, data showed last week, ramping up pressure on the banking sector, while ratings agency Fitch downgraded the country's credit rating by three notches.
"It is positive that politicians have reacted so quickly and ahead of the Greek elections, and this will hopefully contain the risks within the Spanish banking sector," said Niels Christensen, currency strategist at Nordea in Copenhagen. "But it is not going to boost the Spanish economy so there is still a mountain to climb to control the debt situation.
Elsewhere, the dollar fell against a basket of currencies, while the Australian dollar rose 0.6 percent.
MODEST RELIEF
With demand for riskier assets strong across financial markets, yields on Spanish and Italian government debt and the cost of insuring against default all fell.
By 0820 GMT, the yield on Spanish 10-year bonds had dipped around 20 basis points to 6.05 percent, while Italian 10-year yields fell to around 5.64 percent.
But the cost of insuring 5-year Spanish debt against default was only dropped a modest 24 basis points lower while Italian CDS were only 17 bps lower, a sign the rally may not last.
"In the short-term the relief sentiment is likely to take the upper hand," said Rainer Guntermann, a strategist at Commerzbank.
"For peripheral debt spreads we should see relief for Spain and Italy but we doubt this will be a sustainable trend in the medium to longer run as we come to the weekend we have the risk of the Greek election."
German Bund futures were down 0.5 percent.
With markets responding favourably to news of the bank bailout, the Spanish Treasury said it would continue to tap debt markets as planned this year.
Among commodities, Brent crude rose more than $2 as the bank deal supported hopes that demand for oil would be steady. A breakdown in nuclear talks between Iran and the United Nations also raised concern about potential supply disruptions.
Gold was also higher, helped by the Spanish bank deal and surprisingly strong China trade data released over the weekend, market players said.
(Additional reporting by Atul Prakash, Blaise Robinson and Emelia Sithole-Matarise; editing by Anna Willard)
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