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Fitch: French Banks Hit By The Financial Crisis

added: 14-04-2008

Fitch Ratings has said in a report that the trend of regular growth in major French banks' bottom line results came to an end in 2007, when a 27% fall in reported net income was recorded by the eight largest banking groups on an aggregate basis.

Food Prices: Dangers of Inflation

added: 14-04-2008

A grim warning from the International Monetary Fund about the dangers of food price inflation has been amplified by figures showing two of the major economies in Asia, Japan and India, are battling the highest cost pressures for a decade or more.

Global Output Totals $59 Trillion - Developing Countries Have Increasing Share

added: 14-04-2008

Developing economies now produce 41 percent of the world's output, up from 36 percent in 2000, according to the World Development Indicators 2008. The combined output of the world's economies reached $59 trillion in 2006. Using new measurements that take into account the differences in price levels between countries, China now ranks as the second largest economy in the world, and 5 of the 12 largest economies are developing economies.

US Stock Market: Poor 1Q Result from GE

added: 14-04-2008

The market is down 107 in reaction to Wall St's dismal Friday. 30 Dow companies report this week after a bad start to the season last week that saw UPS down 9.9%, Alcoa down 4.7% and GE down 12.8% on results.

World Equity Markets Hit Hard in First Quarter

added: 14-04-2008

Standard & Poor's, the world's leading index provider, announced that the world's emerging and developed equity markets were hit hard during the first quarter of 2008, losing 10.56% and 8.95% respectively during the first three months of the year.

OECD Standardised Unemployment Rate Remains Stable at 5.5% in February 2008

added: 14-04-2008

The standardised unemployment rate for the OECD area was 5.5% in February 2008, the same as the previous month and 0.2 percentage point lower than a year earlier.

American Workers: Health Care and Economy Are Major Concerns

added: 13-04-2008

Reflecting the growing concern over health care costs and economic issues, American workers' confidence in being able to afford a comfortable retirement decreased over the past year by a rate unmatched in the 18 years of the Retirement Confidence Survey.

US: Will the Economy Affect E-Commerce?

added: 12-04-2008

A recent PiperJaffray survey of 200 US Internet users has found mixed responses to the question of how a slowing economy might affect e-commerce spending.

OECD Composite Leading Indicators in Slowdown Phase in Most Major OECD Economies

added: 11-04-2008

The latest composite leading indicators (CLIs) suggest a slowdown in economic activity lies ahead in the OECD area. February 2008 data indicate a weakening outlook for all the major seven economies. The latest data for major OECD non-member economies point to a downturn in China and India and slowing expansion in Brazil and Russia.

Pessimism Among U. S. Consumers Continues to Spread

added: 11-04-2008

Pessimism among U. S. consumers continues to spread as Americans' sentiments concerning the future turn particularly gloomy, according to the most recent results of the RBC CASH (Consumer Attitudes and Spending by Household) Index. The survey found that while consumer attitudes regarding current conditions and investments show signs of stabilizing, Americans' confidence in future personal financial conditions continue to weaken. As a result, the overall RBC CASH Index dropped to an all-time low this month since its inception in 2002 to 29.5, compared to 33.1 in March.

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