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National Credit Card Debt Moves Up Again While Delinquency Rate Continues to Creep Downward

added: 18-09-2008

TransUnion.com released the results of its analysis of trends in the credit card lending industry for the second quarter of 2008.

Construction Output up by 0.1% in the Euro Area in July 2008

added: 17-09-2008

In the construction sector, seasonally adjusted production increased by 0.1% in the euro area (EA15) and by 0.2% in the EU27 in July 2008, compared with the previous month. In June, production decreased by 0.9% and 0.7% respectively.

Euro Area External Trade Deficit 2.3 bn euro in July 2008

added: 17-09-2008

The first estimate for the euro area (EA15) trade balance with the rest of the world in July 2008 gave a 2.3 bn euro deficit, compared with +5.0 bn in July 2007. The June 2008 balance was -0.2 bn, compared with +7.5 bn in June 2007. In July 2008 compared with June 2008, seasonally adjusted exports rose by 3.7% and imports by 5.8%.

European Insurers Affected by the General Fall in Equity Prices

added: 17-09-2008

In the light of the events of the past few days on Wall Street, the CEA, the European insurance and reinsurance federation, has stressed that the situation for European insurers is not comparable with that of institutions affected in the US.

Fitch: Global Corporate Rating Activity Moves Into Negative Territory in 2008

added: 17-09-2008

Fitch global corporate rating activity turned net negative in the first half of 2008 with downgrades leading upgrades 1.9 to 1, the widest margin recorded by Fitch since 2003. Downgrades rose 46% compared with the second half of 2007 and nearly doubled from levels recorded in the first half of 2007 while upgrades contracted 37% and 43%, respectively.

Employees Say No Fear of Identity Theft in the Workplace

added: 17-09-2008

Despite rising concerns over identity theft, eighty-eight percent of employees are confident their company protects their personal information from identity theft, according to recently released results from the American Payroll Association's "Getting Paid In America" survey.

Fed: Federal Funds Rate Unchanged

added: 17-09-2008

The Fed didn't make a surprise rate cut overnight, unlike almost a year ago when it gave us the first of seven successive cuts as the credit crunch was born.

Kopernikus: Environment and Citizen’s Security

added: 17-09-2008

Kopernikus is the new name of the European Commission’s earth observation activities previously known as GMES (Global Monitoring for Environment and Security) so far. The objective of Kopernikus is to monitor the state of the environment on land, at sea and in the atmosphere and to improve the security of the citizens in a world facing an increased risk of natural and other disasters.

Hong Kong Remains World's Freest Economy

added: 17-09-2008

Hong Kong remains the world's freest economy according to the findings of the Economic Freedom of the World: 2008 Annual Report released by the Cato Institute. This marks the 12th consecutive year Hong Kong has topped the ranking.

Deloitte Forecasts 2.5 to 3.0 Percent Increase in 2008 Holiday Spending

added: 17-09-2008

With many economic factors weighing heavily on consumers' minds and wallets, retailers should expect only a modest increase in holiday sales over the 2007 season, Deloitte forecast.

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