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Russia and Ukraine Both Lost Credibility as Reliable Energy Providers Say MEPs

added: 15-01-2009

The European Parliament debated the latest developments in the Russia-Ukraine-EU gas crisis with many group speakers stressing that Russia and Ukraine should solve their disputes rapidly without blaming one side or the other. EU citizens are suffering, MEPs said, due to a bilateral dispute. MEPs said that both Russia and Ukraine had lost credibility as reliable partners and the EU should therefore increase its efforts to diversity its energy supply mix.

U.S. Import and Export Price Indexes in December 2008

added: 15-01-2009

The U.S. Import Price Index declined 4.2 percent in December, the Bureau of Labor Statistics of the U.S. Department of Labor reported, following decreases in each of the previous four months. Export prices also fell for the fifth consecutive month, declining 2.3 percent in December after a 3.4 percent drop the previous month.

Dismal Retail Sales Revealed, Gross Margins to Tell the Whole Story

added: 15-01-2009

Retail sales have been dismal, but the real damage to profitability and viability was unprecedented deep discounting, according to Grant Thornton Corporate Advisory and Restructuring Services. Department stores performed the worst, with the steepest decline in same-store sales, while luxury-apparel stores saw declining sales as consumers traded down and reduced discretionary spending.

The Conference Board Leading Economic Index for Korea Declined 3.5 Percent in November 2008

added: 15-01-2009

The Conference Board Leading Economic Index for Korea declined 3.5 percent and The Conference Board Coincident Economic Index declined 1.7 percent in November.

Top Executives Say Current Infrastructure Investment Won't Support Business Growth

added: 15-01-2009

The majority of C-level executives (77 percent) surveyed for KPMG International, the global network of audit, tax and advisory firms, believe that the current level of infrastructure investment is insufficient to help sustain the long-term growth of their organizations. Only 14 percent of business leaders globally believe the infrastructure currently available to support their organizations is completely adequate.

Steep Decline Predicted for Nonresidential Construction Activity in 2009

added: 15-01-2009

As the overall U.S. economy continues to struggle, nonresidential construction spending is expected to decrease by 11 percent in 2009 in inflation adjusted terms.

Economic Crisis Impacts Employee Engagement

added: 15-01-2009

Results of a national comparative survey of US companies between 2007 and 2008 indicate that 66 percent of the firms in the study saw decreases in their employee engagement, according to Greg Harris, president of Quantum Workplace, a market research company that surveys employee engagement.

Industrial Production Down by 1.6% in Both Euro Area and EU27

added: 15-01-2009

In November 2008 compared with October 2008, seasonally adjusted industrial production fell by 1.6% in both the euro area (EA15) and the EU27. In October production also decreased by 1.6% in both zones.

Fitch: Private U.S. Mortgage Insurers Face Negative Outlook for 2009

added: 15-01-2009

In a report published, Fitch Ratings states that the outlook for private U.S. mortgage insurers remains negative.

U.S. Employers Face More Than $108 Billion Pension Funding Tab in 2009

added: 15-01-2009

U.S. employers will be required to contribute more than $108 billion into their defined benefit plans this year, according to an analysis by Watson Wyatt. Although that's roughly $16 billion less than employers would have had to contribute without the passage of a new pension funding relief law late last year, Watson Wyatt pension experts say employers will still need additional relief.

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