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Bank of England Reduces Bank Rate by 0.5 Percentage Points to 1.5%

added: 08-01-2009

The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 1.5%.

Without Large-Scale Recovery Package, Economy Could Shut Down, Economists Tell Lawmakers

added: 08-01-2009

A large scale economic recovery package is needed to create jobs quickly, provide relief for workers and families, help states facing severe budget shortfalls, and invest in innovation and emerging industries, a bipartisan panel of economic experts and scientists told lawmakers on Capitol Hill. Economists warned that, unless comprehensive action is taken, the economy will shed another 3 million jobs in 2009, real Gross Domestic Product could drop by $750 billion, and the unemployment rate will top 10 percent.

China: National Expenditures on Science and Technology in 2007

added: 08-01-2009

In 2007, China’s total expenditures on science and technology continued to maintain a rapid growth. The expenditures of research and development funds have increased steadily, the input intensity reached the highest level in the history; S&T funds allocated by national finance was further consolidated, which achieved the highest level in nearly a decade in national financial expenditures.

Asian Countries Should Reform Their Pension Systems, says OECD

added: 08-01-2009

Many Asian countries will need to reform their pension systems in order to deliver sustainable and adequate retirement incomes for today’s workers, according to a new OECD report.

Consumer Interest in Larger Autos Continues to Rise as Gas Prices Fall

added: 08-01-2009

Larger vehicles continued to see increases in views across AutoTrader.com as gas prices fell to around $1.60 nationally. The new Ford F-150 led the way with the most overall views of any new vehicle on AutoTrader.com during the month of December, enjoying an increase of 23.03% from December 2007.

Fitch: European Banks Delve Deep for Assets to Securitise

added: 08-01-2009

Fitch Ratings said that there is a trend towards much larger European securitisation transaction sizes as European banks continue to access European Central Bank and Bank of England repo funding. Fitch estimates that the average European structured finance transaction size in 2008 (excluding CDOs) was EUR2.6 billion in 2008, compared to EUR 1.7 billion in 2007, an increase of some 52%.

Life Insurance Industry Forecast - Financial Crisis Will Impact Industry Results Through 2010

added: 08-01-2009

While some long-term trends look favorable for the life insurance industry, short-term challenges will occupy the attention of senior management for the next two to three years due to the impact of the financial crisis, according to a new report by Conning Research and Consulting, Inc.

Deloitte Says Improving Finance and Business Capabilities Can Lift Performance in Tough Economic Times

added: 08-01-2009

With manufacturers facing a global recession and the outlook for 2009 looking dim, companies are desperately looking for cash protection, often combined with severe cost cutting initiatives, to survive in these tough economic times. It is a challenging and daunting task requiring top executives to have greater transparency into the company's operations and use of capital.

The Conference Board Reports Online Job Demand Drops 507,000 in December 2008

added: 08-01-2009

Monthly job demand drops below 4 million for 1st time since summer 2006, reflecting widespread deterioration across the nation. Online job demand is 780,000 below December 2007 levels. U.S. labor market conditions remain quite gloomy for first half of 2009.

Congress Should Stimulate Economy With $500 Billion in Private Investment By Temporarily Reducing U.S. Business Taxes on Foreign Earnings

added: 08-01-2009

The quest for cash to jumpstart the ailing U.S. economy could be alleviated if congress would revisit the 2004 successful economic stimulus measure that enabled U.S. businesses to invest $360 billion of foreign earnings at a temporary, reduced tax rate of 5.25%.

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