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Statistical Communiqué of the People's Republic of China on the 2008 National Economic and Social Development

added: 27-02-2009

In 2008, the gross domestic product (GDP) of the year was 30,067.0 billion yuan, up by 9.0 percent over the previous year.

Huge Majority Believes Wall Street Bonuses Should be Returned

added: 27-02-2009

A new survey by The Harris Poll® of American attitudes to Wall Street finds a huge 83% majority of adults thinks that bonuses paid by financial institutions that lost money in 2008 should be returned and be paid to shareholders. An even larger majority, 87% believe that "recent events have shown that Wall Street should be subject to tougher regulation."

The Conference Board Leading Economic Index for the Euro Area Suggests No Trough in Sight

added: 27-02-2009

The Conference Board Leading Economic Index for the Euro Area increased 0.5 percent and The Conference Board Coincident Economic Index for the Euro Area increased 0.2 percent in January.

The Conference Board Leading Economic Index for Australia declined 0.9 percent in December 2008

added: 27-02-2009

The Conference Board Leading Economic Index™ for Australia declined 0.9 percent and The Conference Board Coincident Economic Index™ for Australia increased 0.7 percent in December.

Mobile Banking Zooming Ahead

added: 27-02-2009

If anyone has any doubt that mobile banking is growing, all they have to do is look at US mobile numbers from ABI Research showing that the number of users jumped from 400,000 in 2007 to 3.1 million last year.

Fitch: Asia-Pacific Telecom Sector Well-Placed to Defend Credit Profiles

added: 27-02-2009

Fitch Ratings has said in a just published report, "Asia Pacific Telecoms: Credit Outlook 2009", that notwithstanding the impact of the current recessionary environment, the overall Outlook is Stable, and most operators are well-placed to defend their credit profiles. The report explores how key financial metrics will move for each of the operators across Asia Pacific in 2009 and conclude that while revenue growth is likely to slow, cash flow from operations (CFO) and free cash flow (FCF) after dividends are likely to, on average, moderately rise.

Economic Sentiment Drops Slightly Again in Both the EU and the Euro Area in February 2009

added: 26-02-2009

In February, the Economic Sentiment Indicator (ESI) for the EU and the euro continued to decline. It fell by 2.2 points in the EU, a much smaller fall than that recorded in January, and by 1.8 points in the euro area, which in contrast was similar to the decline observed in January. The ESIs now stand at 61.0 and 65.4 respectively – the lowest levels since the current series of the indicator was launched in January 1985.

Bloomberg PMI Shows Fall in February Euro Retail Sales

added: 26-02-2009

The Bloomberg Euro-Zone Retail Purchasing Managers' Index, based on a mid-month survey of more than 1,000 executives in the euro area retail sector, fell from 44.0 in January to 42.3 in February. The results signaled an acceleration in the month-on-month rate of decline in sales revenues, in contrast to the easing seen over the previous two months and indicated a renewed weakening of consumer confidence and high street spending. Sales have now fallen for nine consecutive months.

Company Layoff Plans Expected to Decline, Watson Wyatt Survey Finds

added: 26-02-2009

As the recession continues, companies are looking ahead and expecting to experience a long period of economic hardship. A new update to an ongoing series of surveys conducted by Watson Wyatt, shows that most companies have already made most of their intended sweeping changes. However, many expect to make further cost-cutting changes this year, such as salary and hiring freezes, and reduced 401(k) matching contributions.

US Economic Stimulus Comes Up Short, Say Turnaround Experts

added: 26-02-2009

Infrastructure spending and business tax benefits contained in the $787 billion economic stimulus plan are most likely to kick start the economy, but not for several months, according to turnaround experts.

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