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ECB Praised for Reaction to Financial Turmoil, Caution Advised on Rate Rises

added: 22-07-2008

The European Central Bank has done “excellent work” in managing the financial turmoil, enhancing its reputation said MEPs in their annual report on the ECB.

Emerging East Asia's Growth to Moderate as Inflation Threat Looms, Says ADB

added: 22-07-2008

Economic growth in emerging East Asia will moderate to 7.6% in 2008 and 2009 from 9.0% in 2007 as the region weathers a global economic slowdown, sharp rise in food and energy prices and volatility reigns in financial markets, says a new report by the Asian Development Bank (ADB).

World: Costs Are Rising Faster Than The Price of Goods and Services

added: 22-07-2008

This week there were many numbers to absorb, but that wasn't the big news of the week. The new numbers on the CPI and PPI clearly reinforced the Federal Reserve Chairman's remarks about heightened inflation concerns. Industrial production unexpectedly rose, surely a one-month reprieve in what has been a more than year-long slump. Home building, however, appears to have stabilized at an annual rate of close to one million units.

The Conference Board U.S. Leading Index Decreased 0.1 Percent in June 2008

added: 22-07-2008

The Conference Board announced that the U.S. leading index decreased 0.1 percent, the coincident index increased 0.1 percent and the lagging index decreased 0.3 percent in June.

EU Proposes Special Financing Facility Worth 1 Billion Euros To Help Farmers In Developing Countries

added: 22-07-2008

European Commission proposed to establish a special finance facility to respond to soaring food prices in developing countries. The fund would be worth 1 billion euros (1.6 billion dollars) and would operate for two years, 2008 and 2009. This money would be in addition to existing development funds and would be taken from unused money from the European Union's agricultural budget.

June 2008 U.S. Search Engine Rankings

added: 21-07-2008

comScore, Inc. (Nasdaq: SCOR), a leader in measuring the digital world, released its monthly comScore qSearch analysis of the U.S. search marketplace. In June 2008, Americans conducted 11.5 billion core searches, representing a 7-percent gain versus May.

Consumer Price Index in June 2008

added: 21-07-2008

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in June, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported. The June level of 218.815 (1982-84=100) was 5.0 percent higher than in June 2007.

2009 budget: Adequate Means For EU Policy Priorities

added: 21-07-2008

The EU must give itself adequate budgetary means to achieve its policy aims - this is the spirit in which Parliament's delegation went to its budgetary conciliation meeting with the Council on 17 July. MEPs propose increasing the payments entered in the preliminary draft budget for 2009. Responding to the plan to fund agricultural aid to developing countries with unspent CAP money, they also demanded that the Commission comply with budgetary rules.

Green Product Proposals Fall Short Of Potential

added: 21-07-2008

New laws proposed by the European Commission to create greener products need serious strengthening if they are to help tackle climate change and biodiversity loss, says Friends of the Earth Europe.

U.S. Venture Capital Investment Drops 12% from 2007 Highs with $6.64 Billion Invested in 2Q08

added: 20-07-2008

In the second quarter of 2008, quarterly venture capital investment in U.S. companies slipped below the $7 billion mark for the first time in 18 months.

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