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Frost & Sullivan Study Reveals Telecom Sector to be the Most Resilient Sector in South Asia and Middle East Markets

added: 01-08-2009

Global economies have had to face the heat of recession in recent years. Sectors which were growing by leaps and bounds and were at a time the most sought after markets to invest in, turned to dust in no time. During such trying times, the only sector, which has remained unscathed, has been telecom.

69% of Workers Helped by EU Globalisation Fund Found Another Job

added: 31-07-2009

10,000 workers were helped by the European Globalisation Adjustment Fund (EGF) last year and of these, more than two-thirds found a new job, according to a report adopted by the European Commission. The second annual report on the EGF shows an increasing uptake of the funds by EU countries for measures to support workers dismissed as a result of globalisation. It also reports on the outcome of the first EGF contributions in terms of helping the redundant workers into new jobs.

Euro Area Unemployment up to 9.4% in June 2009

added: 31-07-2009

The euro area (EA16) seasonally-adjusted unemployment rate was 9.4% in June 2009, compared with 9.3% in May. It was 7.5% in June 2008. The EU27 unemployment rate was 8.9% in June 2009, compared with 8.8% in May. It was 6.9% in June 2008. For the euro area this is the highest rate since June 1999 and for the EU27 since June 2005.

Investors Line Up But U.S. Distressed Debt Market is Slow to Develop

added: 31-07-2009

Long lines of cash-rich investors are forming around what some believe could be the biggest distressed debt sales market since the days of the U.S. savings & loan crisis, but Ernst & Young LLP's latest survey of those investors suggests this market won't follow quite the same pattern of the 1990s.

Bloomberg Euro-Zone PMI Signals Further Sales Decline in July 2009

added: 31-07-2009

The Bloomberg Euro-Zone Retail Purchasing Managers' Index ("PMI "), based on a mid-month survey of more than 1,000 executives in the euro area retail sector that provides data one month ahead of government-issued figures, fell from 47.5 in June to 47.3 in July. By dropping further below the no-change level of 50.0, the seasonally adjusted index pointed to a sharper rate of decline in like-for-like sales, which have now fallen for fourteen successive months. The rate of contraction in July was also faster than the average during Q2, but has eased since Q1 and the survey-record pace seen last November.

Trust in Business on Upswing

added: 31-07-2009

Trust in business has stabilized and is recovering significantly in some of the world's largest markets. Nearly one-half of informed publics (48%) in the United States trust business to do what is right, up from a low of 36% in January. France saw an 11-point jump, from 30% to 41%, according to a six-country midyear Edelman Trust Barometer. Previous results, released in January 2009, showed a devastating loss in trust in the private sector. Trust in government is also on the ascent, with a 12-point increase in the U.S. (30% to 42%) and a 13-point jump in India (42% to 55%).

Illegal Immigrant Population Declining

added: 31-07-2009

An analysis by the Center for Immigration Studies of monthly data collected by the Census Bureau shows that fewer illegal immigrants are coming and more are returning home. The findings also show that the legal immigrant population has not declined. As a result, the overall foreign-born population has held relatively steady. The report examines the extent to which stepped-up enforcement and the downturn in the economy account for this trend.

Sun Belt Dominates First Half 2009 Foreclosure Rankings but Unemployment-Related Foreclosures May Be Spreading

added: 31-07-2009

RealtyTrac, the leading online marketplace for foreclosure properties, released its Midyear 2009 Metropolitan Foreclosure Market Report, which shows that cities in California, Florida, Nevada and Arizona continued to document the nation's highest foreclosure rates in the first half of 2009, with those states accounting for 35 of the 50 highest foreclosure rates among metro areas with a population of 200,000 or more.

The Conference Board Leading Economic Index™ for Mexico Increased 2.4 Percent in May 2009

added: 31-07-2009

The Conference Board Leading Economic Index™ (LEI) for Mexico increased 2.4 percent and The Conference Board Coincident Economic Index™ (CEI) decreased 0.9 percent in May.

The Economic Sentiment Indicator Continues to Recover: July 2009

added: 31-07-2009

In July, the Economic Sentiment Indicator (ESI) for the EU and the euro area improved further, registering the fourth consecutive increase in both series since the trough in March. However, in both areas, the level is still far below the long-term average. The ESI increased by 3.9 points in the EU, and by 2.8 points in the euro area, to 75.0 and 76.0 respectively.

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