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Construction Output Down 2.2% In The Euro Area in March 2008

added: 19-05-2008

In the construction sector, seasonally adjusted production fell by 2.2% in the euro area (EA15) and by 2.5% in the EU27 in March 2008, compared with the previous month. In February, production increased by 1.6% in the euro area and by 2.5% in the EU27. Compared with March 2007, output in March 2008 decreased by 1.4% in the euro area and by 0.1% in the EU27.

European Green Investment Market Set to Exceed 500 Billion Euro

added: 19-05-2008

The European green investment market is on an upswing, thanks largely to increasing awareness and support for the environment, availability of green funds and favourable regulations. Huge investments are being made in green product and technology development in areas of alternate energy systems, environmental building technologies and so on. This has led to financial engineering in this space and the advent of green financial products such as carbon credits, green/sustainable mortgage-backed securities, green hedge funds and social responsibility investment funds.

US Regional and State Employment and Unemployment in April 2008

added: 19-05-2008

Regional and state unemployment rates were little changed in April. Overall, 28 states and the District of Columbia recorded over-the month unemployment rate decreases, 14 states registered increases, and 8 states had no change, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

Mobile Banking Coming Soon

added: 19-05-2008

Almost one-third of the world's largest banks are planning to launch mobile banking services in the next 12 to 24 months, according to a February 2008 Loudhouse Research survey commissioned by Sybase 365.

Americans are Unprepared for Retirement

added: 18-05-2008

The combination of rapidly approaching retirement and concerns about post-retirement financial security has not translated into more personal savings for most Americans, said Standard & Poor's. The report, titled "Older But Not Wiser: Why Americans Remain Dangerously Unprepared for Retirement," finds that the average American household savings rate remains near 0%.

Asia: Providing Basic Social Protection Not a Question of Wealth

added: 18-05-2008

Even poor countries can afford basic social protection like financing health care, cash transfers to the poor, and elderly and child protection.

Severe Consumer Anxiety Doubles in Less Than Four Months

added: 17-05-2008

Everyone is talking about the sluggish economy, housing slump, credit crisis, weak labor market and flagging consumer confidence, but new Yankelovich research shows just how quickly consumers' anxieties have intensified - and which issues are causing them the most concern.

Strauss-Kahn tells MEPs Impact of Financial Market Crisis Will Be Protracted

added: 16-05-2008

IMF Managing Director Dominique Strauss-Kahn told MEPs that while the worst of the financial market crisis itself was probably over, the impact on the real economy would continue at least for the rest of the year. He also spoke about the food price crisis and reform of financial market supervision.

Euro Area External Trade Deficit 2.3 bn Euro in March 2008

added: 16-05-2008

The first estimate for the euro area (EA15) trade balance with the rest of the world in March 2008 gave a 2.3 bn euro deficit, compared with +7.5 bn in March 2007. The February 2008 balance was +0.8 bn, compared with -1.6 bn in February 2007. In March 2008 compared with February 2008, seasonally adjusted exports fell by 2.9% while imports remained stable.

US Job Openings and Labor Turnover in March 2008

added: 16-05-2008

On the last business day of March, there were 3.7 million job openings in the United States, and the job openings rate was 2.6 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

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