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Fitch: U.S. Consumer Products Sector To Face Challenges in 2009

added: 02-12-2008

In a recently published report, Fitch Ratings says with the world economy entering into a severe recession, consumer product companies, particularly those in the appliances, home, hardware and tools sector, will suffer in the coming year. Fitch expects margins and free cash flow to continue trending downward in 2009, exacerbated by a weakening global economy. Those companies dependent on discretionary spending will continue experiencing profit and cash flow deterioration. Given these dynamics, Fitch expects industry participants to be focused on operations and liquidity.

40% of New Yorkers Fear for Jobs, 80% Have Cut Spending

added: 02-12-2008

40% of New York City residents fear for their jobs, while 80% have already cut back on spending, according to a new poll released by Crain's New York Business.

Latin America Grows in Popularity as Trade Partner as Opportunities in Traditional Markets Shrink

added: 02-12-2008

According to a 2008 survey by the Economist Intelligence Unit, undertaken on behalf of Atradius, the global credit insurer, the countries of Latin America continue to be attractive markets for businesses looking for opportunities to expand their sales, as their traditional markets are becoming increasingly crowded.

China's Manufacturing Sector had a Horror October

added: 02-12-2008

First Australia, then China's manufacturing sector had a horror October according to survey results released yesterday. Then overnight the US, Russia, UK and Europe produced surveys showing similar results. All signs the slump in the respective economies is deepening.

MEPs and Council Presidency Reach Deal on CO2 Emissions from Cars

added: 02-12-2008

Following a series of meetings between MEPs and the French Presidency of the Council, the two sides have informally agreed details of future targets on CO2 emissions from cars. The compromise reached on Monday evening still needs to be endorsed by the full Council and put to a first reading vote at Parliament's December plenary session in Strasbourg.

More Americans Likely to Purchase Products Made of Recycled Materials, According to Frost & Sullivan

added: 02-12-2008

More Americans report their household recycles (80%). Of these recycling Americans, nearly half are motivated by their desire to help preserve the environment, followed by the belief in conserving resources and an individual, ethical responsibility.

Modest Gain in Restaurant Performance Index, Though Restaurant Industry Activity Remains Sluggish

added: 02-12-2008

While the Restaurant Performance Index (RPI) posted a slight gain, the outlook for the restaurant industry remained dampened in October, as the National Restaurant Association's comprehensive index of restaurant activity stood below 100 for the 12th consecutive month. The RPI - a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry - stood at 97.1 in October, up 0.4 percent from September's record low of 96.7.

Morpace Reports: Confidence in Banks Slides

added: 02-12-2008

Consumer confidence in banks continued to slip over the past two months amidst highly publicized financial concerns and uncertainty, according to a new Morpace Omnibus Study.

Hedging Programs Save Insurers $40 Billion During Economic Crisis

added: 02-12-2008

Milliman, Inc. released an analysis of hedging program performance during the current capital markets crisis. Milliman's internal study shows that during the volatile months of September and October, the hedging programs developed to protect variable annuities (VAs) with guarantees were 93% effective.

Duty-Free Imports: New Rules for Travellers' Allowances into the European Union from 1 December 2008

added: 01-12-2008

From 1 December 2008, new rules on tax and duty free imports enter into force. Travellers will benefit from cost savings when importing goods into the EU in their personal luggage. At the same time, Member States will avoid administrative costs currently involved in collecting small amounts of duties and taxes.

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