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Weak Activity To Continue Throughout 2008

added: 03-09-2008

Financial market turmoil, the bursting of the housing bubble and high commodity prices continue to weigh on global economic growth, according to OECD’s latest interim economic assessment of the G7 countries.

ADB Supports Closer Cooperation in South Asia

added: 03-09-2008

The Asian Development Bank (ADB) is supporting closer regional cooperation and integration (RCI) in South Asia through a grant designed to help strengthen and expand policy reforms in two key nations, India and Pakistan.

U.S. Institutional Investors Boost Ownership of U.S. Corporations to New Highs

added: 03-09-2008

Institutional investors have, once again, topped their previous record ownership levels in the largest 1,000 U.S. corporations, The Conference Board reports in the latest edition of its Institutional Investment Report.

All Consumer Income Segments Cutting Back as Inflation Fears and Housing Concerns Intensify

added: 03-09-2008

comScore, Inc. released the results of a study examining recent changes in consumer attitudes and perceptions about the state of the U.S. economy. The study showed that consumers in all income segments are cutting back on spending due to concerns about the economy, and that they were doing so to an even greater extent in July 2008 than in April 2008.

Strong E-Commerce Growth in Brazil: Online Spending Set To Grow By One-Third In 2008

added: 03-09-2008

Consumers in Brazil will spend BRL8.5 billion ($5.9 billion) online this year, according to e-bit.

EP: Time to Get Serious on Tax Fraud

added: 03-09-2008

€200-250 billion that should reach national budgets is thought to be lost to fiscal fraud. VAT fraud alone accounts for some €40 billion a year – ten per cent of the total receipts. Parliament says it is time for Member States to get serious in tackling this problem and is calling for reform to the VAT system and the Savings Tax Directive.

Japan, South Korea, Now Thailand Has Problems

added: 03-09-2008

Last week it was Japan trying a modest reflationary package, then on Monday, when South Korea produced a package of its own as the won tumbled and confidence fell.

Financial Professionals See Continued Weakness in U.S. Economy

added: 03-09-2008

According to the Association for Financial Professionals' 2008 Women in Finance Survey, nearly 60 percent of financial professionals believe that the U.S. economy will continue to slow at least into the fourth quarter of 2008, while a third believe economic conditions should begin to stabilize and/or improve over the next 90 days. Ten percent of financial professionals believe the worst of the current economic downturn has passed.

Online Social Networking Goes Mobile: 140 Million Users by 2013

added: 03-09-2008

Online social networking is huge and growing strongly, but what happens when all those virtual friends hit the road? Increasingly, they will be able to keep in touch via mobile versions of their favorite social networks, running on their cellular phones. ABI Research forecasts that in 2013, more than 140 million subscribers will share “anytime, anywhere” experiences this way, and they will generate subscription revenues in excess of $410 million.

Consumer Reports Names 12 Best and 3 of the Worst Credit Cards

added: 03-09-2008

Consumer Reports analyzed hundreds of credit cards and named a dozen that are worthy of consumers' consideration - and three to stay away from. Among the best credit cards for low-rate/low-fee are: Capital One Platinum Prestige, Clear from American Express, and Iberiabank Visa Classic.

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