Fitch Ratings has announced preliminary findings from its investigation of exposure to Lehman Brothers held by banks in the Asia Pacific Region. These suggest that, for the most part, net exposures are small and the direct impact on banks will be limited.
Real average weekly earnings rose by 0.6 percent from July to August after seasonal adjustment, according to preliminary data released by the Bureau of Labor Statistics of the U.S. Department of Labor.
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.4 percent in August, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported. The August level of 219.086 (1982-84=100) was 5.4 percent higher than in August 2007.
Economic freedom around the world remains on the rise but it has declined notably in the U.S. since the year 2000, according to an authoritative study released by the Cato Institute and Canada's Fraser Institute.
India’s economy will experience a marked slowdown in the 2008 and 2009 financial years, ending its run of five consecutive years of very high growth, the Asian Development Bank (ADB) says in a new major report.
Among US affluent heads of household surveyed, those with annual household incomes of $250,000 and over spend the most time online, according to a study conducted from March through July 2008 by Ipsos Mendelsohn.
The global alliance aimed at helping developing countries to fight climate change should receive at least 25% of the revenue of the EU Emissions Trading Scheme, according to the EP Development Committee. In a report adopted on Monday, MEPs also question the sustainability criteria of biofuels.
Euro area annual inflation was 3.8% in August 2008, down from 4.0% in July. A year earlier the rate was 1.7%. Monthly inflation was -0.1% in August 2008. EU annual inflation was 4.2% in August 2008, down from 4.4% in July. A year earlier the rate was 1.9%. Monthly inflation was -0.1% in August 2008.
Economic growth in the People’s Republic of China (PRC) will moderate in 2008 and 2009, but it will still remain among the world’s fastest growing economies, says a key Asian Development Bank (ADB) report.
