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PayPal Expands European Growth With Bank Charter and New European Headquarters

added: 16-05-2007

PayPal announced it has been granted a banking license for the European Union by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, effective July 2, 2007. Under this new charter, PayPal will be able to continue its European expansion by offering its services to more online merchants across Europe. In addition, PayPal will be moving its European headquarters to Luxembourg.

The United States Remained the World’s Third Ranked Gold Producer, behind South Africa and Australia

added: 16-05-2007

Gold is a highly sought-after precious metal which, for many centuries, has been used as money, a store of value and in jewellery. The metal occurs as nuggets or grains in rocks, underground "veins" and in alluvial deposits.

Growth in Internet Banking Outpacing All Other Banking Channels

added: 16-05-2007

Adoption of online banking by U.S. consumers is going strong, outpacing growth rates for every other method of retail banking delivery. New research from TowerGroup finds that online banking is becoming the most powerful retail channel banks have ever deployed, outpacing everything from ATM to call centers and increasing in use at an annual rate of 27 percent. The long touted promise of online banking is now hitting its stride.

Commercial Real Estate Development Keeps Economy from Stalling Despite Housing Slowdown

added: 16-05-2007

There's a safety net for the country's slowing housing market, after all. It's the commercial real estate market. According to an analysis sponsored by the National Association of Industrial and Office Properties (NAIOP) Research Foundation, the thriving commercial development sector has buffered the slowdown in the residential sector.

NASDAQ Achieves Record High Market Share in NYSE-listed Securities

added: 16-05-2007

The Nasdaq Stock Market, Inc. announced its consolidated market performance statistics for the NASDAQ Market Center for the month of April.

Nonprofits Lack Strong Inflation Protected Investment Strategies

added: 16-05-2007

A Quick Poll released reveals that while virtually every nonprofit (95%) lists preservation of purchasing power as a key investing goal, less than half (47%) of those polled said their organization currently invests even 10 percent of its overall portfolio in inflation protected asset classes. The poll was designed to gain insight into how nonprofits prioritize inflation protection and what they are doing to manage against inflation.

1.25 Million Notebooks Were Sold in 2007Q1

added: 16-05-2007

CCID Consulting recently released its Analysis Report on China's Notebook Market in 2007Q1. The Report shows that notebook sales maintained fast growth. Big demand was released in the consumer market, and low- and middle-end products were in short demand. Affected by product supply, many brands experienced short supply.

Nearly All American Women Shopping Online Are Buying Online

added: 16-05-2007

Most online shoppers (57%) do both their product research and shopping online while a sizeable proportion do their research online and then go to a store to buy (31%).

London Stock Exchange: Growth In Sets Trades Exceeds 50 Per Cent For Sixth Consecutive Month

added: 16-05-2007

The average daily number of SETS trades during April 2007 was up 64 per cent on the same month last year to 465,967, making April the sixth month in a row that year on year growth in SETS trades exceeded 50 per cent. The average daily value traded grew 25 per cent to £7.5 billion. The total number of trades on SETS during the month was up 73 per cent to 8.9 million, and the total value traded grew 32 per cent to £143.0 billion.

Record Quarter for Euronext’ revenues

added: 16-05-2007

The first quarter of 2007 has been the best one ever with strong level of activity both on cash and on derivatives markets. These positive market conditions have allowed all business lines to register an increase in their revenues. As a result, revenues for the first quarter of 2007 reached a record level of €310.1m, a progress of 15.6% compared to the €268.1m achieved in Q1, 2006.

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