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National Thirty-Year Fixed Mortgage Rate Falls Back Under 5.00%

added: 13-01-2010

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased six basis points last week to 4.99 percent, down from 5.05 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Rates for 15-year fixed mortgages fell seven basis points to 4.41 percent from 4.48 percent, and 5-1 adjustable rate mortgages fell nine basis points to 4.06 percent, from 4.15 percent the week prior.

ECB: Biannual Information on Euro Banknote Counterfeiting

added: 12-01-2010

In the second half of 2009 a total of 447,000 counterfeit euro banknotes were withdrawn from circulation. This is an increase of around 8% on the quantity recovered in the previous six months.

U.S. Auto Industry's Image Showing Signs of Improvement in the Eyes of America's Youth: Deloitte Survey

added: 12-01-2010

If the largest generation since the baby boomers has its way, Generation Y, at 75 million strong, might just be the group to help jump start the automotive industry in the United States, according to a new survey from Deloitte. In collaboration with The Eli Broad Graduate School of Management at Michigan State University, the Deloitte survey indicates Gen Y consumers may have an increasingly positive view of everything from auto jobs to American-made vehicles.

Retail Sales Grow Despite Recession, but Profits Take a Hit

added: 12-01-2010

Despite one of the sharpest economic contractions in decades, the world's largest retailers were able to increase sales by 5.5% in fiscal year 2008 (encompasses fiscal years ended through June 2009), with total retail sales equaling around $3.8 trillion. However, a new report, 2010 Global Powers of Retailing, from Deloitte Touche Tohmatsu, in conjunction with STORES Media, shows that the global recession affected retailers' bottom line. Profitability at the largest 250 retailers in the world fell from 3.7 percent in fiscal 2007 to 2.4 percent in 2008.

China: Entrepreneur Confidence Index Promoted in the Fourth Quarter of 2009

added: 12-01-2010

According to the results of nationwide survey showed that entrepreneur confidence index (ECI) gained 127.7 in the fourth quarter, promoted 7.6 points over previous quarter.

China: National Business Climate Index Kept Booming up in the Fourth Quarter of 2009

added: 12-01-2010

Business Climate Survey results of NBS in whole country showed that the national business climate index (BCI) was 130.6 in the fourth quarter of 2009, booming up by 6.2 points quarter-on-quarter.

Economic Outlook for 2010 Looks Promising, But Risk of a Double Dip Remains

added: 12-01-2010

The G8 and regional economies have averted a global economic depression. The IMF in its 4Q-2009 assessment estimated that the global economy shrank 1.1% in 2009 but will grow 3.1% in 2010. According to ABI Research vice president for forecasting Jake Saunders, “2010’s expected growth has been created through very necessary but very substantial government debt. Underlying organic demand — demand from consumers — remains weak while B2B demand, though more robust, has been limited by restrictions on credit by cautious banks.”

U.S. Employment Report: Employee Confidence Index Shows No Change in December 2009

added: 11-01-2010

The Spherion Employee Confidence Index showed no change in December, remaining at 49.1. The Index, which measures workers' confidence in their personal employment situation and optimism in the economic environment, reveals that more workers are confident in the overall strength of the economy, despite slightly fewer reporting confidence in their personal employment situations.

Americans Call Innovation Key to Future U.S. Economic Success

added: 11-01-2010

The vast majority of Americans, 96 percent, believe that innovation is critical to the future success of the United States as a world economic leader, but they are concerned that the rising U.S. federal deficit will jeopardize the prosperity of future generations, according to a new national survey released by the Consumer Electronics Association (CEA)®.

Euro Area Unemployment Rate up to 10.0% in November 2009

added: 10-01-2010

The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in November 2009, compared with 9.9% in October. It was 8.0% in November 2008. The EU27 unemployment rate was 9.5% in November 2009, compared with 9.4% in October. It was 7.5% in November 2008. For the euro area this is the highest rate since August 1998 and for the EU27 since the start of the series (January 2000).

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