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European Banks Look Forward to New Era in Financial Services Under MiFID

added: 31-10-2007

The European Banking Federation (EBF) welcomes the entry into force of the Markets in Financial Instruments Directive (MiFID), which becomes applicable throughout the EU and the European Economic Area from 1 November 2007. Europe’s banks, trading platforms and ancillary service providers will from then on conduct their business under the new MiFID regime.

US Metropolitan Area Employment and Unemployment in September 2007

added: 31-10-2007

Unemployment rates were higher in September than a year earlier in 184 of the 369 metropolitan areas, lower in 154 areas, and unchanged in 31 areas, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Thirty-four metropolitan areas registered jobless rates below 3.0 percent, while two areas recorded rates higher than 10.0 percent. The national unemployment rate in September was 4.5 percent, not seasonally adjusted.

Five Reasons Gold Will Keep Rising

added: 31-10-2007

Investors looking to guard against erosion in their portfolios due to a weakening dollar should look to gold, says James DiGeorgia, editor and publisher of the Gold and Energy Advisor.

FTCR: Gas Prices Spiking on Speculators' Hot Air

added: 31-10-2007

A gasoline price spike of more than a dime a gallon over the last two weeks is driven in large part by speculative and unregulated trading in crude oil, said the Foundation for Taxpayer and Consumer Rights' Oilwatchdog project.

Further Weakening in Home Prices

added: 31-10-2007

Data through August 2007, released by Standard & Poor's for its S&P/Case-Shiller(R) Home Price Indices, the leading measure of U.S. home prices, show further declines in the prices of existing single family homes across the United States, marking the 8th consecutive month of negative annual returns and the 21st consecutive month of decelerating returns.

The Conference Board Consumer Confidence Index Declines Again

added: 31-10-2007

The Conference Board Consumer Confidence Index, which has been declining since August, fell further in October. The Index now stands at 95.6 (1985=100), down from 99.5 in September. The Present Situation Index decreased to 118.8 from 121.2 in September. The Expectations Index declined to 80.1 from 85.0.

Asia-Pacific Leads in Mobile TV

added: 31-10-2007

About 38 million viewers—more than three-quarters of the total worldwide audience in the middle of 2007—subscribed to mobile TV in Japan and South Korea, according to Berg Insight.

China's Gold Output May be About 280-300 tons by 2010

added: 30-10-2007

In 2006, the sharp rise of gold price largely held down the consumption, especially the gold jewelry. According to the statistics of GFMS, the global gold consumption in 2006 was 3906 tons, down about 5%, of which jewelry consumption amounted to 2280 tons, decreasing nearly 427 tons.

Twenty Percent of U.S. Companies Would Consider Adopting IFRS

added: 30-10-2007

Preliminary results of a new survey by Deloitte & Touche LLP show that approximately 20 percent of CFOs and senior finance professionals (representing approximately 300 U.S. companies) would consider adopting International Financial Reporting Standards (IFRS), if given a choice by the U.S. Securities and Exchange Commission (SEC). Approximately two-thirds of those companies would consider adopting IFRS within the next three years.

The Falling Dollar: Most People Believe a Weaker Dollar is Bad for the Influence and Reputation of the U.S.

added: 30-10-2007

What do Americans know, think and believe about the decline of the U.S. dollar against other major currencies such as the Euro? A new Harris Poll finds that most adult Americans (79%) know that the dollar has fallen against other major currencies and half (51%) know it has fallen “a lot”, over the last few years. Majorities believe the decline of the dollar is bad for the reputation and influence of the United States, bad for consumers and the economy and (contrary to the consensus among economists) bad for American exports.

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