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Thirty-Five Percent of Workers Aren't Planning to Take a Vacation This Year

added: 20-05-2009

With only a few days until the official start of vacation season, money, anxiety and guilt are causing some workers to scrap their vacation plans. More than a third (35 percent) of workers say they haven't gone on or aren't planning to take a vacation in 2009; 71 percent of those indicate it is because they just can't afford it, according CareerBuilder's annual vacation survey.

World Trade Set to Fall 13 Percent, OECD Urges Governments to Avoid Protectionism

added: 19-05-2009

With world trade volumes likely to shrink by as much as 13 percent in 2009 from 2008 levels, the OECD is urging governments to avoid protectionist measures and keep markets open in order to allow economies to benefit from the recovery when it comes.

EU27 Deficit in Trade in Goods with Russia of 70 bn Euro in 2008

added: 19-05-2009

Between 2000 and 2008, EU27 trade in goods with Russia more than tripled in value, with EU27 exports to Russia rising to 105 bn euro in 2008 from 23 bn in 2000, and imports rising to 173 bn from 64 bn. As a result, the EU27 trade deficit with Russia increased significantly, reaching 68 bn in 2008, compared with 41 bn in 2000.

Construction Output Down by 1.0% in the Euro Area in March 2009

added: 19-05-2009

In the construction sector, seasonally adjusted production decreased by 1.0% in the euro area (EA16) and by 2.1% in the EU27 in March 2009, compared with the previous month. In February, production declined by 0.6% and 0.2% respectively.

The Conference Board Leading Economic Index™ for Germany Declined 1.1 Percent in March 2009

added: 19-05-2009

The Conference Board Leading Economic Index™ (LEI) for Germany declined 1.1 percent and The Conference Board Coincident Economic Index™ (CEI) decreased 0.4 percent in March.

More Competition Key to Future Prosperity of Japan’s Farm Sector, says OECD Report

added: 19-05-2009

Improving competitiveness is essential to the future prosperity of Japan’s agricultural sector, according to a new OECD report. Recent attempts to focus support on the more efficient farmers can help, but progress will be limited as long as the sector is protected from competition, the reports says.

Fitch: Rising U.S. CMBS Delinquencies Concentrated in Distressed States

added: 19-05-2009

New defaults corresponding to loans located in U.S. states with the most economic stress are emerging for U.S. CMBS as monthly late-pays increased 25 basis points to 1.78%, according to the latest U.S. CMBS loan delinquency index results from Fitch Ratings.

Small and Medium-Sized Businesses are Optimistic About Economic Turnaround

added: 19-05-2009

Small and medium-sized businesses (SMBs) may be the most optimistic group in America with regard to the economic recovery, although they would appreciate more support from government, according to a study released at National Small Business Week. In fact, one out of four SMBs expects the turnaround to begin in late 2009.

Fitch: Economic Slowdown Has Little Impact on German Utilities

added: 19-05-2009

Fitch Ratings says that the German energy utility sector remains relatively well protected against the country's current recessionary environment. However, the impact of the downturn on earnings and cash flows varies across companies depending on factors such as the effectiveness of hedging strategies and trading activities, the degree of customer and geographical diversification, the composition of the generation mix, and the contribution of stable regulated activities to consolidated earnings.

Emissions Trading: EU ETS Emissions Fall 3 % in 2008

added: 19-05-2009

Emissions of greenhouse gases from EU businesses participating in the EU Emissions Trading System (EU ETS) fell 3,06 % in 2008 compared with a year earlier, according to the information provided by Member State registries. With the 6.5% reduction in emission allowances that the Commission has secured for the second trading period, the EU ETS really started to make a difference to emissions in 2008. Last year marked the beginning of the second trading period of the EU ETS, which runs from 2008 to 2012.

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