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Global Financial & Climate Crisis: New Report Urges Fresh Look at Latin American Solutions

added: 12-12-2008

In the midst of the most severe global financial crisis in decades, the World Bank today urged the international community to look to Latin America for innovative solutions to avert a climate crisis. The region is in a position to lead middle income countries in reducing emissions from deforestation, breaking the impasse on hydropower development, improving energy efficiency, and transforming urban transport, a new Word Bank study concludes.

Foreclosure Activity Decreases 7 Percent in November 2008

added: 12-12-2008

RealtyTrac(R)released its November 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 259,085 U.S. properties during the month, a 7 percent decrease from the previous month but still up 28 percent from November 2007. The report also shows one in every 488 U.S. housing units received a foreclosure filing in November.

China: Consumer Price Index Went up Slightly in November 2008

added: 12-12-2008

In November, consumer price index rose by 2.4 percent over the same period of the previous year. Of which, urban area and rural area was up by 2.2 and 2.9 percent respectively; the price of foodstuff, non-foodstuff, consumable and services expanded 5.9, 0.6, 3.1 and 0.3percent respectively. CPI got a decrease of 0.8 percent on a month-on-month basis: the price of foodstuff was down by 1.0 percent, of which, fresh vegetable and fresh egg dropped 1.8 and 4.8 percent.

The Leading Index for Korea Declined 2.9 Percent in October 2008

added: 12-12-2008

The Conference Board announced that the leading index for Korea declined 2.9 percent and the coincident index declined 0.7 percent in October.

Holiday E-Commerce Spending Accelerates in Most Recent Week

added: 12-12-2008

comScore reported its tracking of holiday season retail e-commerce spending for the first 37 days of the November - December 2008 holiday season. For the holiday season through December 7, $15.63 billion has been spent online, essentially the same level compared to the corresponding days last year. During the first week since Cyber Monday (December 1 - December 7), sales totaled $4.45 billion, up 7 percent versus year ago.

GDP per Inhabitant in the Member States Ranged from 37% to 267% of the EU27 Average in 2007

added: 11-12-2008

In 2007, GDP per inhabitant in Luxembourg, expressed in purchasing power standards (PPS), was more than two-and-a-half times the EU27 average, while Ireland and the Netherlands recorded levels about 50% and 30% respectively above average. Austria, Sweden, Denmark, the United Kingdom, Belgium, Finland and Germany were between 15% and 25% above the EU27 average.

U.S. Workers Taking Steps to Lower Medical Costs, Watson Wyatt Survey Finds

added: 11-12-2008

In the midst of an economic crisis, rising health costs are leading an increasing number of U.S. workers to take steps to reduce their own spending on medical care, according to a survey by Watson Wyatt, a leading global consulting firm.

Fitch: Negative Outlook for European Pharmaceutical Sector in 2009

added: 11-12-2008

Fitch Ratings says that, whilst underlying credit fundamentals remain strong, the outlook for the European pharmaceutical industry is negative due to a number of key industry challenges facing the sector.

World Bank Launches $2 bn Fast-Track Facility for World’s Poorest Countries Coping with Global Financial Crisis

added: 11-12-2008

The World Bank Group announced the creation of a $ 2 billion fast-track facility to speed up grants and long-term, interest-free loans to help the world’s poorest countries cope with the impact of the global financial crisis.

Despite the Global Financial Crisis, Emerging Market Entrepreneurs Remain Optimistic in 2009 and Project Growth

added: 11-12-2008

Eighty-nine entrepreneurs from Argentina, Brazil, Chile, Colombia, Jordan, Mexico, South Africa and Uruguay reported that the current credit crunch has led to reduced sales, a rise in input costs and difficulty in accessing financing.

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