Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Google Inc    GOOGL

GOOGLE INC (GOOGL)

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Faint corporate praise for TPP as winners, losers sought

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/07/2015 | 12:09am CEST
Trans-Pacific Partnership Ministers meeting post in TPP Ministers

Early industry reaction to a long-sought trade agreement reached between 12 Pacific Rim countries on Monday amounted to faint praise that it could have been worse and umbrage that the United States appeared to be the biggest winner.

The Trans-Pacific Partnership (TPP) aims to liberalize commerce across nations accounting for 40 percent of the world's economy but still needs ratification by each country.

Initial ambitions for the deal, covering products and services from kiwifruit to semiconductors, were clipped back in many areas to find agreement. There was also concern that public summaries did not disclose the detail where the devils might lurk - making it hard to quickly pick winners and losers.

U.S. companies including Citibank Inc (>> Citigroup Inc), Honeywell International Inc (>> Honeywell International Inc.) and Gap Inc (>> Gap Inc) cheered the conclusion of a deal which is expected to bring the biggest comparative benefits Vietnam, where shares in seafood and textile companies rose after the news was announced.

New Zealand's Fonterra Co-Operative Group Ltd (>> Fonterra Co-operative Group Limited), the world's biggest dairy exporter, said "entrenched" U.S. protectionism meant the deal fell far short of its original ambition to eliminate all tariffs, but was still "small but significant" step forward.

The politically influential Dairy Farmers of Canada highlighted financial losses, albeit mitigated by a "fair compensation package," after Canada agreed to open 3.3 percent of its dairy market to imports.

Beef, sugar, rice, seafood and horticulture companies in Australia and New Zealand welcomed the increased access to Japanese markets thanks to tariff reductions under the deal.

"We should focus on the gains made in this agreement for Australian sugar, and not the success of the powerful U.S. sugar lobby in maintaining their protectionist stance against bringing sugar into their deficit market," said Dominic Nolan, chief executive officer of the Australian Sugar Milling Council.

Canberra highlighted benefits for telecommunications companies, such as Telstra Corporation Ltd (>> Telstra Corporation Ltd), from the removal of foreign equity limits in Vietnam and Malaysia.

LOST CONCESSIONS

The deal also has implications for non-TPP members. In India, there was concern that exports to the United States would suffer from competition in sectors like textile and leather, said Abhijit Das, head of the Centre for WTO Studies, a think-tank run by India's Ministry of Commerce and Industry.

Shares in South Korean car makers such as Hyundai Motor Co (>> Hyundai Motor Co) and Kia Motors Corp (>> Kia Motors Corporation) fell on concerns of an export gain for rivals in TPP partner Japan.

The United States agreed to cut tariffs on Japanese vehicles over 25 to 30 years but also won better access for U.S. carmakers to the relatively closed Japanese market.

Still, Ford Motor Co (>> Ford Motor Company) recommended lawmakers vote against the deal as it does not include sanctions against countries found to be manipulating their currencies.

Among those expected to welcome the deal are U.S.-based global e-commerce companies like Google Inc (>> Google Inc) and Uber [UBER.UL], which will have restrictions removed on sales into foreign markets, including existing requirements that they establish local infrastructures.

Australian Retailers Association Executive Director Russell Zimmerman said it was too early to say how those measures would affect local retailers but warned there was a risk of harm "unless barriers are also lifted for Australian retailers going overseas".

The Pharmaceutical Research and Manufacturers of America (PhRMA) was disappointed that U.S. negotiators did not secure a minimum 12 years protection for new biologic drugs. But other companies were grudging in their welcome.

Osamu Nagayama, chairman and chief executive officer of Japan's Chugai Pharmaceutical Co Ltd (>> CHUGAI PHARMACEUTICAL CO., LTD.), which sells such drugs in the United States through Switzerland's Roche (>> Roche Holding Ltd.), was grateful that the yardstick did not drop below eight years, Japan's current monopoly period.

"That said, given the current R&D environment, shortening the data protection period would be challenging for the overall pharmaceutical industry," he added.

European business organizations said the agreement could spur flagging talks between the 28-member bloc and Japan.

(Additional reporting by Robert-Jan Bartunek in Brussels, Manoj Kumar in New Delhi, Ayai Tomisawa and Ritsuko Shimizu in Tokyo; Editing by Will Waterman, Ruth Pitchford and Lisa Shumaker)

By Jane Wardell and Krista Hughes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GOOGLE INC
04:41p ALPHABET : Google Nexus Smartphones to Get Project Fi's Wi-Fi Assistant Feature
04:16p ALPHABET : Google to train university students in Pakistan
10:43a ALPHABET : Prestige Reputation Can BOLT Anyone's Online Reputation!
08/28 ALPHABET : JM Internet Group Announces Updated 2016 SEO Book Just in Time for Fa..
08/26DJWeb Firms May Have to Pay Publishers for News Under EU Rules
08/26 ALPHABET : Google's Accelerated Mobile Pages Load Up to 4 Times Faster, Emphasiz..
08/26 ALPHABET : ICMediaDirect Reputation Management Experts Reveal Top SEO Techniques
08/26 ALPHABET : New Toronto SEO Company Launches To Help Small Business Achieve Highe..
08/25 ALPHABET : After Google, Facebook to offer free Wi-Fi at Indian railway stations
08/25 INTERNATIONAL BUSINESS MACHINES : Patent Issued for Providing Multi-Lingual Sear..
More news
Sector news : Search Engines
11:12pDJFACEBOOK : to Allow Users to Trigger 'Safety Check' Feature--Update
10:56pDJFACEBOOK : to Allow Users to Trigger 'Safety Check' Feature
10:46pDJFACEBOOK : to Allow Users to Trigger 'Safety Check' Feature
10:25pDJTWITTER : Gene Wilder, Star of 'The Producers' and 'Willy Wonka,' Dies
04:33pDJALIBABA : India Payment Firm Paytm Raises $300 Million
More sector news : Search Engines
News from SeekingAlpha
2015 DEAR GOOGLE : Intel Can Build Your $50 Android One Phone
2015 M&A DAILY : Paving Way For Apple Car?
2015 APPLE TV : The Amazon Ban Won't Hurt A Bit
2015 Raven Industries Worth A Look At New 52-Week Lows And Exciting Future With Go..
2015 It's Nvidia Tegra X1 Inside Google's Pixel C Laptop
Advertisement
Financials ($)
Sales 2016 88 496 M
EBIT 2016 29 659 M
Net income 2016 24 494 M
Finance 2016 52 368 M
Yield 2016 -
P/E ratio 2016 28,76
P/E ratio 2017 24,26
EV / Sales 2016 5,48x
EV / Sales 2017 4,58x
Capitalization 537 023 M
More Financials
Chart GOOGLE INC
Duration : Period :
Google Inc Technical Analysis Chart | GOOGL | US38259P5089 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 49
Average target price 940 $
Spread / Average Target 18%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Lawrence E. Page Chief Executive Officer & Director
Sergey Mikhaylovich Brin President & Director
Eric E. Schmidt Executive Chairman
Ruth Porat Chief Financial Officer & Senior Vice President
Louis John Doerr Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GOOGLE INC26.57%537 023
ALPHABET INC1.96%537 023
BAIDU INC (ADR)-8.24%60 126
YAHOO! INC.27.09%40 232
NAVER CORP--.--%23 669
YAHOO JAPAN CORPORATIO..-15.27%23 036
More Results