Sabtu, 25 Januari 2014

The Star Online: Business

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The Star Online: Business

IMF's Lagarde sees eurozone inflation 'way below target'

Posted: 25 Jan 2014 06:03 AM PST

DAVOS, Switzerland: Euro zone inflation is "way below target" and deflation is a potential risk for the bloc, International Monetary Fund Managing Director Christine Lagarde told the World Economic Forum in Davos on Saturday.

In response, European Central Bank President Mario Draghi said the ECB stood ready to act if inflation went lower than forecast and reaffirmed that interest rates would remain low or go lower for an extended period of time.

Asked about the possiblity of the ECB adopting quantitative easing policies such as the U.S., British and Japanese central banks had done, Draghi said: "I'm not saying it should be done or it shouldn't be done."

The EU treaty prevented monetary financing of governments, he said. The ECB might be able to buy securitised bank loans if they could be packaged as asset backed securities in a transparent manner, which would require regulatory change, Draghi added. - Reuters

SAP finance chief says could look at big acquisitions again

Posted: 25 Jan 2014 05:21 AM PST

FRAMKFURT: German business software maker SAP could start looking at large acquisition targets again, particularly among cloud computing firms, its finance chief was quoted as saying by weekly Euro am Sonntag.

"We could look at almost any size," SAP's Chief Financial Officer Werner Brandt was quoted as saying. Brandt, who will retire in May, declined to name any potential targets.

SAP on Tuesday pushed back its profit target by two years as it waits for subscription revenue from cloud computing to gather pace and invests more in the business to keep up with a fast-growing market.

Cloud computing helps businesses cut costs by ditching bulky servers for network-based software in their own offices, instead using remote data centers run by technology companies.

IBM Markets Intelligence estimates the cloud computing market could be as big as $200 billion by 2020.

SAP entered cloud computing in 2012 after spending $7.7 billion on buying internet-based computing companies Ariba and SuccessFactors. Analysts have said SAP may need more acquisitions to reach its 2017 revenue target of 3-3.5 billion euros for the business. - Reuters


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