Word: priced
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Dates: during 2000-2009
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Much of Nokia's emerging market dominance boils down to cost management - a crucial advantage when it comes to selling smart phones to price-sensitive consumers in India and elsewhere. Nokia will likely ship more devices worldwide this year than the next three biggest cell-phone makers - Korean rivals Samsung and LG, and London-based Sony Ericsson - combined. Manufacturing on that scale brings enormous purchasing power, making it possible to squeeze the cost of everything from memory chips to plastic casings...
Spend for Success Michael Scherer asks "What Happened to the Stimulus?" [July 13]. Why should a project that keeps poor, young people occupied and off the streets be termed "silly?" $620,000 for the renovation of a skateboard park seems a small price to pay for the potential long-term benefits of providing young people with something to do - all parents know that idle kids make trouble. Isn't it rather more shortsighted to spend billions on road-building, thus encouraging even more cars on the roads and creating ever-increasing greenhouse-gas emissions? This seems like a case...
...Price is Right These places are all free, if the owners can find good swapping partners...
...stakes are high on both sides. Given the importance that Beijing places on China's economic development, commodity-price data could be considered vital and sensitive information, says Joshua Rosenzweig, Hong Kong--based manager for the Dui Hua Foundation, a human-rights group. "The success of China's economy is tied up with the legitimacy of the government in a very big way," he notes. Foreign mining companies--very much including Australian ones--have profited greatly by feeding China's ravenous appetite for raw materials. But recently, wild fluctuations in commodity prices and friction over trade deals have increased tension...
Meanwhile, negotiations over iron-ore contracts, an annual ritual that has been particularly heated this year, may be another factor. Chinese steel producers have been pushing for a discount of up to 50% on the price agreed on last year with Rio Tinto. But with the negotiations stretching long past their original June 30 deadline, steadily climbing prices for iron ore have steelmakers sweating. "Clearly the Chinese insistence that the price be cut further no longer can be sustained," says Jim Lennon, a Macquarie Bank analyst, who notes that talks "have gotten increasingly acrimonious...