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Consumer Climate in Germany: A Significant Recovery

added: 26-04-2007

With the ending of the anticipated weak phase, the consumer climate made a significant recovery in the first quarter of 2007. The indicator is forecasting 5.5 points for May, which is up on the April forecast of 4.4. Consumers are becoming increasingly aware of the clear signs of a strong economic upswing.

ADB Loans Jump to $7.4 Billion in 2006

added: 26-04-2007

ADB approved a total $7.4 billion in loans in 2006, reflecting a 28% increase over the previous year’s level, according to the ADB Annual Report 2006, released ahead of the 40th Annual Meeting to be held 4–7 May in Kyoto, Japan.

Better cross-border payment services should not come at SMEs' expenses

added: 26-04-2007

UEAPME, the European craft and SME employers' organisation, welcomed the adoption of the Payments Services Directive (PSD) at the European Parliament's plenary.

Canada E-Commerce Continues to Grow

added: 26-04-2007

Canadian retail e-commerce just tallied its fifth straight year of double-digit growth, yet online sales still account for less than 1% of the total retail market, according to Statistics Canada's "2006 Survey of Electronic Commerce and Technology."

U.S. Foreclosure Activity Up 27 Percent From Previous Quarter

added: 26-04-2007

RealtyTrac(TM) released first-quarter data from its 2007 U.S. Foreclosure Market Report, showing more than 430,000 foreclosure filings - default notices, auction sale notices and bank repossessions - reported nationwide during the first three months of the year, up 27 percent from the previous quarter and up 35 percent from the first quarter of 2006.

U.S. Office Market Sluggish During Q1

added: 26-04-2007

The U.S. office market took a bit of a breather in the first quarter, with absorption falling to less than half of its Q4'06 level, according to a report by Colliers International. However, the overall uptrend remains intact, with rents continuing to surge higher during the first three months of 2007.

Gearing Regional Policy to EU Enlargement Scenarios

added: 25-04-2007

If EU regional policy funding is to keep pace with the demands of further EU enlargement, then the "individual responsibility" of Member States must be increased, EU aid must be better targeted so as to prevent waste, and more projects should be loan financed. Institutional, financial and political reform is also necessary, as part of a review of the EU financial framework.

U.S. is Losing its Competitive Edge in the World Economy

added: 25-04-2007

U.S. Trust announced the findings of the 2007 Survey of Affluent Americans which focuses this year on a higher net worth demographic. Unlike past years' surveys, in which primary residence and income were factors in respondent eligibility, the 2007 survey polled an even more elite sample both in terms of size and composition, consisting exclusively of Americans with more than $5 million in total investable assets (high net worth individuals). Also included in the survey is a new focus on Americans with more than $25 million in total assets (ultra high net worth individuals).

High Business Confidence Reflected in Many New Jobs Across Europe

added: 25-04-2007

Economic growth and expectations in Europe remain positive, with high business confidence and falling unemployment levels, the latest European Restructuring Monitor (ERM) quarterly reports.

Weather Hits March Existing-Home Sales

added: 25-04-2007

Unusually bad winter weather in February curtailed home shopping, slowing sales that closed in March, which may have been dampened further by a decrease in subprime lending volume, according to the National Association of Realtors(R).

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