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added: 14-02-2009

There is no question that the Internet is now a mainstream medium. eMarketer estimates the US Internet population will grow to nearly 200 million users this year. By 2013, some 221 million people will be online.

Euro Area and EU27 GDP Down by 1.5% in the Fourth Quarter of 2008

added: 13-02-2009

GDP declined by 1.5% in both the euro area (EA15) and the EU27 during the fourth quarter of 2008, compared with the previous quarter, according to flash estimates published by Eurostat, the Statistical Office of the European Communities. In the third quarter of 2008, growth rates were -0.2% in both zones.

Economic Crisis: SMEs Warn Against Rising Wave of Protectionism

added: 13-02-2009

UEAPME, the European craft and SME employers' organisation, welcomed the Czech Presidency's idea to call for an extraordinary summit at the end of this month to discuss Europe's policy response to the economic crisis. Against a worsening economic outlook, Europe must stick to a common approach based on its values and rules rather than revert to economic nationalism, warned UEAPME.

Crisis Hitting Poor Hard in Developing World, World Bank Says

added: 13-02-2009

The spreading global economic crisis is trapping up to 53 million more people in poverty in developing countries and, with child mortality rates set to soar, poses a serious threat to achieving internationally agreed targets to overcome poverty, the World Bank Group said.

Pension Plan Funding Status Tumbled in 2008

added: 13-02-2009

Pension plan funding levels at large U.S. companies reached historically low levels at the end of 2008 due to sharp declines in pension assets and discount rates, according to an analysis by Watson Wyatt.

U.S. Retail E-Commerce Declines 3 Percent in Q4 2008 Versus Year Ago

added: 13-02-2009

comScore, Inc. released its Q4 2008 retail e-commerce sales estimates, which showed that online retail spending declined 3 percent versus year ago, the first recorded quarter of negative growth since comScore began tracking e-commerce spending in 2001. Nonetheless, for the full year 2008, retail e-commerce grew 6 percent to $130.1 billion, but representing a substantially lower growth rate than in previous years.

Average Hedge Fund Virtually Flat in January, Investor Redemptions Continued

added: 13-02-2009

HedgeFund.net released early estimates indicating hedge fund assets fell an additional 5.8% in January to $1.748 trillion. The drop was largely due to net investor redemptions and fund liquidations of $124.7 billion during the month.

Morpace Reports: Online Banking Becoming Universal Among Online Youth Segment

added: 13-02-2009

Among individuals who are active online, 80 percent are now enrolled in their bank's online banking service according to new Morpace survey data. The proportion is much higher among online users aged 18 to 34 (89 percent) than among those 55 and over (71 percent).

Consumer Confidence Slides As Joblessness Snowballs, According to RBC CASH Index

added: 13-02-2009

Continuing a year-long decline, U.S. consumer sentiment hit new all-time lows in February on news of accelerating joblessness, according to the most recent results of the RBC CASH (Consumer Attitudes and Spending by Household) Index. As a result, the overall RBC CASH Index stands at 1.6 for February 2009, down from 13.3 in January. This is the first time in the seven-year history of the Index that it has dropped into the single digits.

Foreclosure Activity Decreases 10 Percent in January 2009

added: 13-02-2009

RealtyTrac(R)released its January 2009 U.S. Foreclosure Market Report(TM), which shows foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 274,399 U.S. properties during the month, a 10 percent decrease from the previous month but still up 18 percent from January 2008. The report also shows one in every 466 U.S. housing units received a foreclosure filing in January.

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