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Deepening Economic Troubles for U.S., CFOs and CPA Executives Say

added: 25-11-2008

Pessimism among financial executives about the U.S. economy hit an all time high this quarter according to a survey of chief financial officers and senior-level executive Certified Public Accountants conducted by the American Institute of Certified Public Accountants and the University of North Carolina's Kenan-Flagler Business School.

Worsening Global Hunger Crisis Reinforces Need for More Effective U.S. Foreign Aid

added: 25-11-2008

A new report calls on the new Congress and President-elect Barack Obama's administration to rework U.S. foreign assistance to make it more effective in fighting global hunger and poverty.

Venture Capital Investment in China Up 22% to $964 Million in 3rd Quarter, Breaks Annual Record

added: 25-11-2008

Venture capitalists continue to invest in Mainland China with $964 million put into 59 deals during the third quarter, up 22% from the $790 million invested in 73 deals during the same period last year, according to new regional statistics from Dow Jones VentureSource.

Thanksgiving Spending Down 3.4 Percent

added: 25-11-2008

Thanksgiving spending is set to decline this year according to IBISWorld, one of the nation's' most respected independent publishers of business research. With the financial crisis looming, the 155 million American households celebrating the holiday will only spend $28.5 billion this year - down 3.4 percent from 2007 - 90 percent of which will be spent on food alone.

China’s Banking Industry Must Manage Macroeconomic Adjustment Risk, Improve its Business Operations Model

added: 25-11-2008

Xinhua Finance notes that macroeconomic measures, employed in response to the global economic downturn as the global financial crisis began to affect the real economy, have at this stage already had a strong negative impact on the creditworthiness of China’s banking industry.

Retail E-Commerce Growth Drops Sharply

added: 25-11-2008

2008 had already been shaping up to be the weakest holiday season yet for retail e-commerce. Based on just-released third-quarter e-commerce data from the US Department of Commerce (DOC), eMarketer is predicting even more anemic growth -both for the holiday and the year.

Monster Employment Index Europe Posts Third Consecutive Month of Decline

added: 25-11-2008

With the global financial crisis hitting Europe with full force during October, recruitment activity continued to moderate across the EU as the Monster Employment Index Europe fell to a nine-month low of 152.

Consumers Gravitate to Used Cars During These Tough Times

added: 25-11-2008

CarGurus(R)announced the results of its latest survey of more than 2,500 online automotive consumers worldwide. Fifty-four percent of respondents said they plan to buy a used or pre-owned car for their next car purchase. Only 46% said they plan to buy a new car. Given the tough times and lack of consumer credit, shoppers appear to be turning to the less expensive option of a used car.

Industrial New Orders Down by 3.9% in Euro Area in September 2008

added: 24-11-2008

In September 2008 compared with August 2008, the euro area (EA15) industrial new orders index fell by 3.9%. In August the index decreased by 1.5%. In the EU27 new orders declined by 4.6% in September 2008, after dropping by 1.7% in August. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders decreased by 2.2% in the euro area and by 2.7% in the EU27.

Economic Growth in the Developed Economies has Slowed Down

added: 24-11-2008

Japan, Hong Kong, Taiwan, New Zealand and Singapore are all very much in recession and starting to be concerned that conditions could get worse in 2009.

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