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Economic Slowdown in the US to Accelerate Offshoring of IT Services

added: 25-04-2008

The current U.S. economic slowdown will lead buyers of IT services to consider increasing the percentage of their labor in offshore, lower-cost locations, according to Gartner, Inc. India will remain the dominant location for IT offshore services for North American and European buyers as a result of its scale, quality of resources and strong presence of local and traditional service providers.

Worldwide Mobile Phone Market Grows 14.3%

added: 25-04-2008

The worldwide mobile phone market experienced an expected sequential downturn in shipments following a busy holiday quarter. According to IDC’s Worldwide Quarterly Mobile Phone Tracker, vendors shipped a total of 291.6 million units during the first quarter of 2008 (1Q08), down 11.6% from the 330.8 million units shipped during the previous quarter (4Q07) and up 14.3% from the 255.0 million units shipped during 1Q07.

The Conference Board Help-Wanted Advertising Index Declines

added: 25-04-2008

The Conference Board Help-Wanted Advertising Index declined two points in March. The Index now stands at 19, down from 29 a year ago.

Chinese Business Sentiment Has Plunged Again

added: 25-04-2008

Xinhua Finance and Market News International, a part of the news service line of Xinhua Finance, announced the April Xinhua Finance/MNI China Business Sentiment Survey. After rebounding in March from the one-off effects of big spring snowstorms, Chinese business sentiment has plunged again as companies are caught between still-rising input costs and government measures to control inflation, results of the survey suggest.

More Transparency and Accountability Needed in Bodies Setting International Accounting Standards

added: 25-04-2008

MEPs are calling for improvements to the governance of the International Accounting Standards Board and the International Accounting Standards Committee Foundation to address concerns that they may lack transparency and accountability since they are not under the control of any democratically elected parliament or government.

China: Overseas IPO Events Decrease by 35.7% Year-over-Year

added: 25-04-2008

Zero2IPO Research Center recently released the "China Enterprises IPO Report Q1 2008". According to the report, during the first quarter of 2008, thirty-one Chinese companies achieved IPO status, raising a total of US$11.27B on two domestic markets and eleven overseas markets

China: M&A Value in TMT Increases by 39.9% Year-over-Year

added: 24-04-2008

Zero2IPO Research Center, the research arm of Zero2IPO Group, recently published its ''China Merger & Acquisition Report Q1 2008''. According to the report, 29 transactions were closed in TMT, Bio/healthcare and Energy sectors, 23 of which disclosed a value of US$1.93B. In addition, there were ten cross-border deals, five of which disclosed a value of US$253.14M, considerably dropped during this quarter.

Czech Economic Development: Rapid Growth in Export-Based Manufacturing is a Key Feature

added: 24-04-2008

The strong growth that has emerged in recent years is encouraging and the risks to underlying inflation are manageable. However, there are policy challenges. Most important is a need to ensure fiscal sustainability through public-finance reform to put the economy in a better shape to cope with population ageing.

Fitch: Stable Outlook for Major German Banks

added: 24-04-2008

Fitch Ratings has said in a special report that the performance of Germany's major banks' is expected to remain under significant pressure in light of the prevailing financial crisis. However, Fitch believes the banks can absorb a reasonable level of adjustments, either through diversified revenues and/or capitalisation.

US: Mortgage Rates Rise for Second Straight Week

added: 24-04-2008

Fixed mortgage rates moved slightly higher for the second week in a row, with the average conforming 30-year fixed mortgage rate rising to 6.11 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.43 discount and origination points.

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