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China's foreign exchange reserves rose to US$1.1 trillion

added: 20-04-2007

In January 2007, the Renminbi Pressure Indicator (RPI) increased by 1.33 percent, the largest month-to-month increase since the initial revaluation in July 2005. China's foreign exchange reserves rose to US$1.1 trillion.

Commission to recover € 285.3 million of CAP expenditure from the Member States

added: 19-04-2007

A total of € 285.3 million of EU farm payments unduly spent by Member States will be claimed back as a result of a decision adopted by the European Commission. The money returns to the Community budget because of inadequate control procedures or non-compliance with EU rules on agricultural expenditure.

Europe and Its Neighbours Join Forces to Promote Renewable Energies

added: 19-04-2007

Ministers discuss sustainable energy supply for Europe and its southern and eastern neighbours. As awareness grows of humankind's hand in climate change, the question of how Europe and its neighbours are to ensure a secure supply of energy in future has become the focus of increasing public attention. The German government has made energy one of the major issues of its EU Presidency.

Commission Publishes 2006 Annual Report on Dangerous Consumer Products

added: 19-04-2007

Improved EU-wide cooperation between customs authorities has led to an increase in the number of dangerous consumer products - from teddy bears to hairdryers, cleaning sprays, mini-motorbikes, cigarette lighters and ski boot bindings - removed from the EU market last year. The Annual (RAPEX) Report on dangerous consumer products published by the European Commission shows that toys took over from electrical appliances as the product category most often notified.

Global Banking Positive Rating Bias Hits New High

added: 19-04-2007

Fitch Ratings says in a quarterly report that at the end of Q107, 16.3% of global bank ratings were assigned Positive Outlooks, the highest level recorded since the report began. This increase was driven by emerging markets where a number of banks benefited from changes to their sovereign Outlooks.

US: Usual Weekly Earnings in First Quarter 2007

added: 19-04-2007

Median weekly earnings of the nation’s 105.9 million full-time wage and salary workers were $693 in the first quarter of 2007, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

The Leading Index for Spain Increased 0.1 Percent in February

added: 19-04-2007

The Conference Board announced that the leading index for Spain increased 0.1 percent and the coincident index increased 0.3 percent in February.

Foreclosure Activity Increases 7 Percent in March

added: 19-04-2007

RealtyTrac(R) released its March 2007 U.S. Foreclosure Market Report, which shows a total of 149,150 foreclosure filings - default notices, auction sale notices and bank repossessions - were reported during the month, up 7 percent from an adjusted February total and up 47 percent from a year ago. The report also shows a national foreclosure rate of one foreclosure filing for every 775 U.S. households during the month.

Consumers Could Pay 20 Percent More to Visa

added: 19-04-2007

Increases in credit card interchange rates announced by Visa last week average only 0.6 percent, but the $36 billion in total interchange fees consumers paid in 2006 will probably increase close to 20 percent this year, the Merchants Payments Coalition said.

Growth of Asian Smart Card Market

added: 19-04-2007

Escalating smart card applications are giving a boost to Asian smart card vendors. Security-related smart card applications coupled with the low labor and materials cost in Asia, drive local smart card and silicon vendors to deliver cost-effective, high-end products and value added services.

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