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Hedging Programs Save Insurers $40 Billion During Economic Crisis

added: 02-12-2008

Milliman, Inc. released an analysis of hedging program performance during the current capital markets crisis. Milliman's internal study shows that during the volatile months of September and October, the hedging programs developed to protect variable annuities (VAs) with guarantees were 93% effective.

Duty-Free Imports: New Rules for Travellers' Allowances into the European Union from 1 December 2008

added: 01-12-2008

From 1 December 2008, new rules on tax and duty free imports enter into force. Travellers will benefit from cost savings when importing goods into the EU in their personal luggage. At the same time, Member States will avoid administrative costs currently involved in collecting small amounts of duties and taxes.

European Banking: EC Welcomes New Industry Rules On Account Switching

added: 01-12-2008

The European Commission has welcomed the European Banking Industry Committee's (EBIC) adoption of a set of "Common Principles for Bank Account Switching", which will make it easier for consumers to switch their current account from one bank to another within their own Member State.

Ministers Address Global Crisis, Cost of Food; Emphasize Need for Social Responsibility

added: 01-12-2008

Amid what are widely considered the most difficult economic circumstances since the creation of APEC in 1989, Ministers of Trade and Foreign Affairs from across 21 APEC economies gathered to make recommendations to Leaders.

World Bank Launches Facility to Prevent Debt Problems

added: 01-12-2008

The World Bank launched the Debt Management Facility to help developing countries prevent future debt problems. The Bank also called on donor countries to meet their debt relief commitments.

Protect the Poor and Economic Growth Amid the Crisis

added: 01-12-2008

Protecting the poor and the vulnerable while at the same time removing constraints to economic growth and productivity will be a priority to overcome the financial crisis and resume sustained growth, according to a new World Bank report.

Holiday Shoppers Look to Rent-to-Own for Savings This Season

added: 01-12-2008

In this financially uncertain holiday season when many pundits are pondering what will keep the economy rolling, rent-to-own may provide the answer. If a family needs a computer, furniture, appliances or electronics, but is unsure of its financial future, the flexible, no-debt rent-to-own transaction is the way to go to fulfill such needs.

Global Recession: Bad News From Japan/China/Europe

added: 01-12-2008

Global recession moved closer on Friday after some poor figures from Japan and Europe, while more gloom percolated out of China.

Black Friday Sees $534 Million in E-Commerce Spending, Up 1 Percent Versus Year Ago

added: 01-12-2008

comScore reported its tracking of holiday season retail e-commerce spending for the first 28 days of the November - December 2008 holiday season. For the holiday season-to-date, $10.41 billion has been spent online, marking a 4-percent decline versus the corresponding days last year, while Black Friday saw $534 million in online spending, up 1 percent. For the combination of Thanksgiving Day and Black Friday, online sales were up 2 percent relative to last year.

2008 Black Friday Online Shopping Statistics

added: 01-12-2008

PriceGrabber.com(R), a part of Experian, revealed that economic conditions motivate value-driven consumers which lead to an 11 percent increase in traffic year-over-year on Black Friday. Data from PriceGrabber.com shows that online consumers are taking advantage of promotions on popular electronics including: LCD and Plasma TV's, Blu-Ray Disc Players, Digital SLR Cameras, Laptops, and Video Game Consoles.

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