Singapore’s oil, petrochemicals and chemicals industry reported strong growth in 2004 and 2005, thanks to rising energy prices and surging world demand. The value of Singapore’s oil, petrochemicals and chemicals output rose by 29% to S$50.7 billion in 2004 from S$39.2 million in 2003, said the Economic Development Board.
A diverse and developing region, Eastern European telecoms is evolving to meet the challenges it faces such as competition in the more liberalised EU markets and offering new services to keep up with demand in developing markets, a trend that will continue during 2007 as economic growth in the region continues.
The growing role of wholesale traded energy markets across Europe creates a greater need for players throughout the value chain to be aware of the latest market movements and developments.
Audi of America, Inc. set sales records during December 2006 and for the calendar year 2006, eclipsing the previous annual sales high set three years ago. Audi sold 11,897 vehicles in December, bringing the brand’s annual total sales to 90,116.
Fred Alger Management's Daniel C. Chung, Chief Executive Officer and Zachary Karabell, Chief Economist, announced their predictions for the 2007 U.S. economy and stock market.
Grubb & Ellis Company, one of providers of integrated real estate services, released its 2007 Global Real Estate Forecast, which indicates that the U.S. commercial real estate leasing markets should continue to improve as construction remains in check and the economy grows enough to fuel continued business and global trade expansion. Stable interest and cap rates will keep the real estate investment market healthy.
The Conference Board announced that the U.S. leading index increased 0.1 percent, the coincident index increased 0.2 percent and the lagging index increased 0.5 percent in November.
Globalization could spur faster growth in average incomes in the next 25 years than during 1980-2005, with developing countries playing a central role. However, unless managed carefully, it could be accompanied by growing income inequality and potentially severe environmental pressures, predicts the World Bank.
