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Changeover to the euro in Cyprus and Malta - Smooth and Efficient

added: 18-04-2008

The vast majority of the population in Cyprus and in Malta, 95% and 90% respectively, consider the changeover to the euro in their country to have been smooth and efficient. Vigilance by the authorities on price conversions kept both prices themselves, and public perceptions of price rises, in check – even against a background of rising inflation due to increasing energy and food prices, which has affected Cyprus and Malta as well as the rest of the euro area and the world.

EU Market: Annual RAPEX Report Shows Rise in Number of Dangerous Products

added: 18-04-2008

The number of dangerous products removed from the EU market rose by 53% in 2007 compared to in 2006, the Commission's annual report on the Rapid Alert System (RAPEX) reveals. This rise from 1 051 notifications in 2006 to 1 605 last year shows that Member States' surveillance capacities are improving year on year, and that European consumers are better protected today than ever before.

US: Usual Weekly Earnings in the First Quarter 2008

added: 18-04-2008

Median weekly earnings of the nation’s 106.5 million full-time wage and salary workers were $719 in the first quarter of 2008, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This was 3.8 percent higher than a year earlier, compared with a gain of 4.1 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period.

Say Goodbye To Online Banking, Welcome Mobile Banking

added: 18-04-2008

For years, US consumers had little interest in banking with their mobile phones. Unlike ATMs, mobile phones don't dispense cash. But they do get lost. Many US consumers have been very worried about security.

Financial Advisors Bullish on the S&P 500

added: 18-04-2008

The nation's financial advisers are strongly bullish on the stock market for the rest of the year, according to a poll by MoneyShow.com.

The Conference Board U.S. Leading Index Increased 0.1 Percent in March 2008

added: 18-04-2008

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

US: Inflation Concerns Nudge Mortgage Rates Higher

added: 17-04-2008

Fixed mortgage rates continue to hopscotch back and forth over the 6 percent threshold, with the average conforming 30-year fixed mortgage rate rising to 6.03 percent this week. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.31 discount and origination points.

Euro Area External Trade Surplus 0.8 bn Euro in February 2008

added: 17-04-2008

The first estimate for the euro area (EA15) trade balance with the rest of the world in February 2008 gave a 0.8 bn euro surplus, compared with -1.6 bn in February 2007. The January 2008 balance was -11.0 bn, compared with -7.3 bn in January 2007. In February 2008 compared with January 2008, seasonally adjusted exports rose by 2.0% while imports fell by 0.4%.

Construction Output Up By 1.2% In The Euro Area in February 2008

added: 17-04-2008

In the construction sector, seasonally adjusted production grew by 1.2% in the euro area (EA15) and by 2.2% in the EU27 in February 2008, compared with the previous month. In January, production increased by 2.5% in the euro area and by 1.6% in the EU27.

Fitch: U.S. Credit Card ABS Excess Spread Steady Despite Rising Chargeoffs

added: 17-04-2008

Although chargeoffs and delinquencies are nearing their three-year highs, U.S. credit card ABS continue to generate robust levels of excess spread, according to Fitch Ratings.

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