Ron Logan, head of HSBC's credit-card venture with BoCom, says acquisition costs are soaring as competition heats up, with everything from DVD players and holidays used to entice customers, further eroding profits.
In recent years, as the desert has spread, trees have been felled and the populations of both herders and farmers have soared, the competition for land has only intensified.
Better manufacturing techniques, soaring demand, intense competition - all have driven down prices for turbines and panels and further encouraged their spread.
That did not stop it from triggering furious competition and soaring to $19.12 million, surprising seasoned market observers.
The Revolution on Machines, a competition featuring soaring snowmobile tricks and jumps, is taking place this weekend on Red Square.
He said that soaring costs, exces sive competition and "unrealis tic fare structures" were basi cally responsible.
San Francisco's independent bookstores, pinched for years by online competition and soaring commercial rents pushed up by the city's tech boom, have pushed the book hard.
Ryanair, the biggest of Europe's low-cost airlines, posted its first decline in annual profit in seven years on Tuesday, raising questions about how many discount carriers would survive the challenges of soaring fuel costs and competition to lure passengers through rock-bottom fares.
Research by an asset management firm blamed a combination of soaring costs and growing competition from online retailers like Amazon.
