http://www.reportlinker.com/news/economy.rss Wed, 19 Jun 2013 21:02:51 +0000 (editor@reportlinker.com (Sarah Dunbar)) helpdesk@reportlinker.com Copyright 2013, Reportlinker Zend_Feed http://blogs.law.harvard.edu/tech/rss editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2012/12/India-s-Economic-Growth-Rate-Hits-Ten-Year-Low-of-5-3--842

• India GDP growth of 5.3% parallels figures registered in March
• Decline caused largely by slow manufacturing, farming output
• Foreign investment to provide modest recovery by second half of fiscal year

]]> Wed, 05 Dec 2012 10:34:53 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2012/07/China-s-Growth-Slump-Affects-Industries-Global-Economy-751

• China's growth slows to 2009 low of 7.6%
• Factory output and retail sales down
• China aims to reduce reliance on exports and investments

]]> Tue, 17 Jul 2012 10:24:28 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2012/04/US-Spending-Sees-March-Consumer-Sales-Rise-3-9--702

• S&P Retail Index up 0.8% in March
• Apparel, discount, department stores see year-on-year increases in March
• Retailers believe April sales will slow; International Council of Shopping Centers says sales could rise 3% - 4%

]]> Wed, 11 Apr 2012 10:14:58 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2012/03/European-Production-Falls-Recession-Fears-Brew-688

• Europe's PMI falls to 48.7, further contraction will indicate recession
• Output drops in manufacturing and service industries
• ECB urges governments to make fiscal changes

]]> Mon, 26 Mar 2012 09:10:54 +0000 Economy editor@reportlinker.com (David Wilkening) http://www.reportlinker.com/news/2012/03/Florida-Sunshine-State-s-Tourism-Market-Brighter-Than-Ever-670

• Record 85.9 million visitors came to Florida last year
• Florida tourism continues to outpace rest of US
• Florida hotel room occupancy rates up 7% so far in 2012 

]]> Tue, 06 Mar 2012 10:15:46 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2012/02/Prices-Rise-Consumer-Spending-Remains-Low-in-US-664

• Prices up 0.2% last month, lower than predicted
• Core inflation expected to rise 1.6% but remain below 2%
• Prices likely to stabilize as employment increases

]]> Tue, 21 Feb 2012 13:07:19 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2012/02/US-Adds-Jobs-Unemployment-Drops-to-3-Year-Low-654

• Unemployment drops to 8.3%, lowest since February 2009
• Nasdaq Composite hits 11-year high; Treasury debt prices fall as investor expectations change
• Political scientists expect employment news to boost Obama's campaign

]]> Wed, 08 Feb 2012 09:19:34 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2012/01/US-Production-Spikes-Creating-American-Jobs-639

• Factory output grew 0.9% last month
• World Bank reduces 2012 growth forecast to 2.5% from 3.6%
• US factories hire 23,000 workers — best job growth since July

]]> Mon, 23 Jan 2012 08:26:50 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/12/Europe-Gets-New-ECB-Loans-to-Promote-Lending-619

• European Central Bank lending banks a record $645 billion
• EU needs over $1 trillion to repay debt
• EU consumer confidence falls for the 6th-consecutive month

]]> Tue, 27 Dec 2011 13:33:39 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/12/US-Medicaid-Takes-25-of-State-Spending-Eligibility-Improves-598

• 14 US states spent more than 25% of overall expenditure on Medicaid
• Medicaid spending totaled over $398 billion for 2011, 10% more than last year
• North Carolina is overpaying for Medicaid because of issues with new billing system

]]> Mon, 19 Dec 2011 15:37:18 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/12/Eurozone-Debt-Crisis-Credit-Agricole-to-Cut-2-350-jobs-597

• Credit Agricole stocks fall 52% in 2011, third-quarter profit down 65%
• Global banking sector sheds 120,000 jobs in 2011
• Moody’s downgrades top three French banks

]]> Thu, 15 Dec 2011 14:52:26 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/12/EU-Manufacturing-Drops-Causes-Higher-Unemployment-573

• European PMI falls to 46.4, lowest rate since 2009
• Manufacturers cut jobs due to low sales, unemployment rises to 10.3%
• Czech and British factories slow output, German manufacturing declines
• Reuters poll: 60% chance of EU recession

]]> Tue, 06 Dec 2011 16:02:50 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/12/Will-China-Lend-More-Money-By-Adapting-Its-Monetary-Policy--559

• Central bank lowers banking reserve, promotes capital flow
• Global stocks improve as Chinese stocks fall
• China's real estate market, manufacturing sector drops

]]> Thu, 01 Dec 2011 09:37:01 +0000 Economy editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/11/Roadblocks-To-Foreign-Direct-Investment-In-India-Retail-Industry-552

• Heavy opposition to FDI in India's retail sector, government to meet today
• Participating foreign companies must invest minimum $100 million in next 5 years
• Discussion represents a significant change in India’s legislation on foreign ownership

]]> Tue, 29 Nov 2011 08:51:33 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/11/US-Economic-Growth-Rate-Dips-Down-To-2--545

• Revised quarterly GDP 0.5% lower than predicted, 2.5% yearly rate expected
• Inventory slump may boost fourth-quarter growth
• Banks and corporations record quarterly profits

]]> Thu, 24 Nov 2011 09:17:32 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/11/US-Unemployment-Claims-Drop-Home-Building-Permits-Up-533

• Unemployment claims lowest in 7 months; state unemployment benefits down to a 3-year low
• New building permits up 11% last month
• Home-builder sentiment index reaches 20

]]> Mon, 21 Nov 2011 10:35:45 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/11/Oil-Breaches-100-Per-Barrel-Mark-In-4-Month-High-531

• Benchmark crude jumps over 25% since end September
• Report of rising consumer spending for 5 months fuels oil prices
• Political tension in oil producing countries spurs oil prices

]]> Fri, 18 Nov 2011 10:01:00 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/11/US-Manufacturing-Boosts-Economy-As-Inflation-Eases-530

• Industrial output grows 0.7%, exports up to $180 billion
• Labor Department shows 0.1% CPI drop, 3.5% decline in inflation
• Corporate spending boosts economy with over 17% rise

]]> Fri, 18 Nov 2011 09:54:53 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/11/Japan-Economy-rebounds-as-GDP-climbs-1-5--522

• Japan reports 6% annualized growth in July-September quarter
• Exports up 6%, with economic output reaching $7 trillion
• Private sector machinery orders fell more than 8% in September

]]> Wed, 16 Nov 2011 09:11:28 +0000 Economy editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/11/Canada-Looks-to-China-As-Key-Investor-In-Oil-and-Gas-518

• Canada in talks with China about investment in Alberta’s oil sands, consumption of crude oil
• TransCanada’s Keystone pipeline project uncertain given heavy US opposition
• SNC Lavalin awarded $650 million contract to build oil sands treatment plant in Alberta

]]> Mon, 14 Nov 2011 14:54:35 +0000 Economy editor@reportlinker.com (Laurie Juliano-Bachara) http://www.reportlinker.com/news/2011/11/Income-Inequality-In-America-Widens-504

• Income in America has risen nearly 18% for those in bottom 20% earning bracket
• Income increase of 275% for top 1% of wage earners
• Imbalanced wealth distribution sparks protests, including Occupy Wall Street

]]> Tue, 01 Nov 2011 14:52:28 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/10/America-Grows-2-5-As-Spending-Resumes-499

• US GDP grew 2.5% in the third quarter
• Americans save less due to less income, increase spending
• Unemployment claims drop, rate forecast to remain near 9%

]]> Fri, 28 Oct 2011 13:47:10 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/10/Obama-Acts-On-Soaring-Student-Debt-492

• Obama to reduce student loan payments, lower pardon to 20 years
• Tuition at public schools rises 8.3%, twice inflation rate
• Student loans reach $100 billion, debt to exceed $1 trillion this year

]]> Thu, 27 Oct 2011 12:47:44 +0000 Economy editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2011/10/US-Housing-Market-Stable-Prices-Provide-Positive-Outlook-497

• Rising home prices a sign housing market is stabilizing
• Analysts warn prices may fall again
• Obama administration to make refinancing easier

]]> Wed, 26 Oct 2011 09:44:16 +0000 Economy editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/10/Canada-Sees-Inflation-Increase-Over-3--486

• Food prices up 4.5% and energy prices up by 12.5%
• Economists predict no immediate increase in bank interest rates
• Gas prices in constant flux

]]> Tue, 25 Oct 2011 15:09:26 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/10/Energy-Update-New-Wind-Power-Projects-In-The-US-476

• Poseidon Atlantic wind project to create 5,000 long-term jobs
• Duke Energy in agreement with MHI, Siemens for wind turbines in Texas
• Vestas delivers 56 turbines for Michigan wind project, creates shadow prevention system

]]> Thu, 20 Oct 2011 14:45:10 +0000 Economy editor@reportlinker.com (Stephanie Lagopoulos) http://www.reportlinker.com/news/2011/10/Austerity-Plan-Protests-Shutting-Down-Greece-448

• Rolling strikes continue in protest of Prime Minister’s €6.6 billion austerity plan
• Government said it would not reach 2011 deficit target, falling short by €2 billion
• IMF: bailout deal needs to be revised by EU according to new needs

]]> Wed, 12 Oct 2011 10:03:49 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/10/US-Employment-ADP-Says-91-000-New-Jobs-Created-for-Private-Sector-433

• ADP reports 91,000 new private sector jobs; 5,000 jobs lost for factories
• Layoff announcements exceeded 115,000 last month
• ADP says small, medium-sized businesses fuel job growth

]]> Fri, 07 Oct 2011 09:54:39 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/10/Economic-Slowdown-Expected-for-India-423

• Exports in India jump 44%, future decline likely due to EU, US recession fears
• HSBC PMI: Manufacturing sector slowed to 50.4
• August inflation reaches 13 month high of 9.8%

]]> Wed, 05 Oct 2011 13:54:12 +0000 Economy editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/10/US-Senate-Presses-China-to-Increase-Yuan-s-Value-455

• US Senate passes bill punishing China for currency policies
• Value of yuan has appreciated by 5% in past year
• Critics cite slow growth of yuan as giving China an unfair advantage in global marketplace

]]> Tue, 04 Oct 2011 16:15:21 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/10/Apple-Struggling-in-Indian-Smartphone-Market-417

• iPhone accounts for just 2.6% of Indian market
• Shipments to India fewer than to Norway in Q2
• Slow development of 3G networks damaging to iPhone sales

]]> Tue, 04 Oct 2011 10:11:14 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/10/Consumer-Spending-Slows-With-Drop-In-Personal-Income-402

• Personal income fell $7.5 billion in August, disposable income down $5 billion
• Wages and salaries fell $12 billion in August, after a $24 billion rise in July
• Knock-on effect of falling wages sees savings rate fall 4.5%

]]> Mon, 03 Oct 2011 12:20:59 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/10/China-s-PMI-Suggests-399

• HSBC index 49.9% since August, contraction likely
• CFLP index shows four-month export high despite demand concerns
• Global PMI falls to 50.1%, growth forecast reduced to 4%

]]> Mon, 03 Oct 2011 08:10:20 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/09/Overview-Debt-Crisis-in-Europe-398

• Greek debt of €340 billion creates uncertainty for Germany
• Germany's unemployment drops below 2008 levels
• EESC President supports Eurobonds, further EU integration

]]> Fri, 30 Sep 2011 15:43:09 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/09/Macy-s-Holiday-Hiring-to-Make-a-Merry-Christmas-for-Jobseekers-392

• Macy’s to hire 78,000 seasonal staff, 4% more than 2010
• Macy’s forecasts 4% to 4.5% sales increase in Q3 and Q4
• Kohl’s and JC Penney holiday hiring on a par with 2010

]]> Wed, 28 Sep 2011 10:26:28 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/09/Real-Estate-Update-New-Home-Sales-Hit-6-Month-Low-391

• New home sales fall 2.5% to annual rate of 295,000 units
• Median price for new homes down 8% to $209,000
• Midwest the only region reporting growth, sales up 8%

]]> Wed, 28 Sep 2011 10:03:34 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/09/IMF-Lowers-Global-Growth-Forecast-to-4--376

• Uneven growth between developing and developed nations
• Growth forecasts for Euro zone down from 2% to 1.6%
• US economic growth projections down from 2.5% to 1.5%

]]> Thu, 22 Sep 2011 10:08:02 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/09/Obama-Announces-3-Trillion-Debt-Plan-377

• Debt plan to increase tax for wealthy, reduce health costs
• Plan to cut corporate loopholes, end Bush tax cuts
• CBS poll: 56% agree with Obama's debt proposal

]]> Wed, 21 Sep 2011 11:45:34 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/09/Bank-of-America-to-Cut-30-000-Jobs-Reduce-Costs-by-18--322

• CEO announces "Project New BAC" to cut costs by $5 billion, cut jobs by 10%
• Goal is to restore investor confidence and raise company efficiency ratio to 55%
• Investitgations cause 48% stock drop this year

]]> Wed, 14 Sep 2011 15:55:55 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/09/American-Jobs-Act-Worth-Nearly-450-Billion-319

• American Jobs Act to create 1.9 million jobs, lower unemployment by 1%
• Employed to receive additional take-home pay
• Plan to cut social security taxes to 3.1%, senior citizens concerned

]]> Mon, 12 Sep 2011 15:11:55 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/09/US-Falls-to-Fifth-in-Global-Competitiveness-Rankings-314

• Mounting deficit, declining trust in politicians linked to pushing US down in rankings
• Switzerland tops list with Western European countries dominating top ten
• Advanced economies are stagnating while developing markets are rising

]]> Thu, 08 Sep 2011 16:09:59 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/09/UK-Retail-Sales-Slide-in-August-as-Inflation-Rises-294

• UK retail sales slump in August with consumer confidence low and inflation high
• Report shows like-to-like sales down 0.6% compared to August 2010
• Shop closures expected to continue in lead up to Christmas

]]> Wed, 07 Sep 2011 13:32:43 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/09/Economists-Seek-ECB-Rate-Reversal-279

• Interest rates increased to 1.5% from 1%
• ECB Council urges contractionary monetary policy
• EU growth, manufacturing down in second quarter

]]> Mon, 05 Sep 2011 12:50:48 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/09/US-Government-Faces-Off-Banks-in-Mortgage-Lawsuit-285

• FHFA sues 17 financial firms for $195 billion mortgage securities loss
• Bank of America sued for almost $58 billion
• Taxpayers picked up $135 billion housing tab over three years

]]> Sat, 03 Sep 2011 07:30:00 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/09/US-Consumer-Confidence-Falls-to-2-Year-Low-271

• Consumer confidence index plummets to 44.5 from over 59 in July, biggest drop in 3 years
• Unemployment hits 9%, highest in 9 months
• 4.5% year-on-year drop in house prices across 20 US cities
• Motor vehicle manufacturing up 10% for highest gain in 8 years

]]> Fri, 02 Sep 2011 07:15:00 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/08/China-Makes-Major-Metro-Investment-254

• China invests ¥1.27 trillion in new railways, subways to ease traffic congestion and attract urban development
• Chinese government orders safety checks, new regulations for high-speed rail
• China CNR recalls 54 bullet trains

]]> Mon, 29 Aug 2011 07:31:03 +0000 Economy editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/08/Japan-s-Renewable-Energy-Plan-in-Motion-236

• Japan’s lower house of parliament approved new renewable energy bill
• Bill requires utilities to purchase electricity generated by renewable energy sources
• Majority of Japanese polled favor a gradual change in energy sources

]]> Fri, 26 Aug 2011 08:12:02 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/08/August-Gold-Prices-Surge-Bubble-Likely-266

• JP Morgan forecasts $2,500 per ounce gold by year end
• Since 1999, gold is up from $255 to over $1,800
• Gold exceeds relative strength index, “bubble” talk begins

]]> Thu, 25 Aug 2011 07:19:51 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/08/ECB-Purchases-14-3-Billion-in-Government-Bonds-255

• ECB buys government bonds to ease eurozone debt crisis
• ECB total spending of government bonds now €110.5 billion
• Obama and Merkel meet to discuss financial crisis

]]> Wed, 24 Aug 2011 07:15:31 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/08/ECB-Seeks-Inflation-Protection-in-Bond-Purchases-210

• Forecasts predict inflation rate of 2.6% for 2011
• ECB slowly purchases European bonds from secondary markets
• ECB's Stark warns against common eurobond, low interest rates

]]> Mon, 22 Aug 2011 13:51:07 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/08/Jobs-Opportunities-Drop-11-for-London-s-Financial-Industry-213

• 14,000 or 32% of London's financial industry looking for jobs
• Banks cutting thousands of jobs, creating jobs abroad
• LSBF offers new Trium program, guarantees full-time job in 6 months

]]> Fri, 12 Aug 2011 10:00:27 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/08/China-Unable-to-Release-Economy-Buffer-203

• China unable to create stimulus package to buffer local, global economies
• China's annual inflation was 6.5% in July
• Premier Wen seeks global cooperation, responsible policies

]]> Wed, 10 Aug 2011 10:47:13 +0000 Economy editor@reportlinker.com (Stephanie Lagopoulos) http://www.reportlinker.com/news/2011/08/Greece-Debt-Update-195

• Voluntary bond exchange to be completed quickly
• IIF estimates a 90% adoption rate for bond swap, while critics say investors unlikely to embrace it
• Moody’s downgrades Greece to rating just above default

]]> Mon, 08 Aug 2011 15:46:34 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/08/No-Solid-Ground-for-FAA-as-Senate-Goes-on-Summer-Break-180

• Nearly 4,000 Federal Aviation Administration workers remain on involuntary unpaid leave
• Essential Air Service program costs government almost $200 million a year
• Airline tax revenue lost during shut-down could add to $1.2 billion

]]> Thu, 04 Aug 2011 08:41:33 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/07/Mining-Protests-Across-Three-Continents-Threaten-Commodity-Prices-151

• Thousands of miners striking in South Africa, Chile and Australia for higher pay and better working conditions
• Coal, oil, metal and diamond industries affected
• Stoppages cause petrol shortage, coal stockpiles

]]> Tue, 26 Jul 2011 13:56:04 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/07/Greece-Scrambles-to-Escape-Deficit-With-Drastic-Cutbacks-193

• Greece spiraled into debt over a ten-year period
• Government spending skyrocketed 87% between 2004 and 2010
• Greek implements austerity measures to meet EU-IMF demands

]]> Mon, 04 Jul 2011 15:26:14 +0000 Economy editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/07/Food-Prices-Rise-in-Venezuela-386

• Poor in Venezuela spending nearly 45% of income on food
• Food prices have risen 33% in Venezuela compared to 7% in other areas
• Price rises linked to overspending and other governmental problems

]]> Fri, 01 Jul 2011 14:24:55 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/06/Lagarde-Successful-in-Bid-for-IMF-Leadership-194

• Christine Lagarde poised to begin five-year term as IMF chief starting July 5
• Developing nations criticize IMF unwillingness to pick from outside EU
• DSK scandal leaves IMF vulnerable to credibility attacks

]]> Thu, 30 Jun 2011 15:27:13 +0000 Economy editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/06/Business-is-Booming-Canadian-Luxury-Home-Sales-in-Vancouver-116

• Despite downturn of the housing sector, luxury home market is booming in large city centers
• Sales of homes in Vancouver worth $2 million or more have doubled
• Vancouver market has benefitted from a rise in buyers from Mainland China

]]> Tue, 28 Jun 2011 16:21:55 +0000 Economy editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/06/Germany-and-China-Step-Up-Bilateral-Trade-192

• Premier Wen and Chancellor Angela Merkel sign deals worth over €10 billion
• Bilateral trade between China and Germany expected to reach €200 billion by 2015
• China economy suffers from inflation, debt and corruption
• Germany emerges largely unscathed by EU debt bubble

]]> Mon, 27 Jun 2011 15:20:53 +0000 Economy editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/06/Home-Ownership-in-Canada-The-Impossible-Dream--114

• Homeownership costs up, taking 41% of family income to buy a detached bungalow, 46% for a two-storey home and 28% for a condominium
• Major Canadian cities most affected by the increase, including Vancouver, Toronto, Ottawa, Montreal and Calgary
• Homeowners with a down payment of less than 20% must buy government-backed mortgage insurance
• CREA predicts housing prices will increase 4% this year

]]> Wed, 08 Jun 2011 15:24:01 +0000 Economy editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/06/Greenhouse-Gases-in-Canada-Is-There-Hope-for-the-Environment--112

• Emissions of greenhouse gases in Canada down by nearly 6%
• Greenhouse gas emissions were 17% higher in 2009 than in 1990 despite the signing of the Kyoto Protocol
• Calgary ranks 5th highest out of 50 global cities in carbon dioxide production, producing 17.7 tons of carbon dioxide per capita

]]> Wed, 08 Jun 2011 09:40:31 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/06/Brazil-Sets-Sights-on-Eradicating-Extreme-Poverty-152

• Brazil sets 2014 date to eliminate extreme poverty
• "Brazil Without Poverty" scheme aims to send financial aid to the poorest areas of Brazil
• Social welfare initiatives have brought 20 million people out of extreme poverty in the last decade

]]> Thu, 02 Jun 2011 15:09:06 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/06/UK-Moves-Forward-with-Energy-Efficient-Green-Deal-184

• UK reveals more on Green Deal energy efficiency incentive scheme for homeowners
• Measures will allow people to finance up to £10,000 of energy efficiency measures
• 25 million homes to be upgraded by 2030

]]> Wed, 01 Jun 2011 09:54:18 +0000 Economy editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/05/The-Millionaire-Next-Door-Surge-in-Luxury-Home-Market-071

• 1,745,000 (14%) Canadian households have a net worth of $1 million or more
• Among the ultra-wealthy, worth over $30 million, 21% of their net worth was found in their homes
• Luxury home market is booming, particularly in Vancouver

]]> Tue, 31 May 2011 08:48:12 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Japan-Consumer-Confidence-Falls-for-Third-Straight-Month-130

• Japanese consumer confidence index falls to 33.1 in April compared to 38.6 in March, following earthquake and tsunami
• Consumer willingness index to buy durable goods fell from 38.8 to 32.9
• Japanese government net debt forecasts for 2013 revised up to 145% of GDP

]]> Sun, 29 May 2011 09:51:58 +0000 Economy editor@reportlinker.com (Patrick West) http://www.reportlinker.com/news/2011/05/Mobile-Banking-in-India-Set-to-Help-the-Poor-058

• One tenth of the world’s phones are sold in India, with 19 million new subscribers every month
• India records 680,000 transactions worth nearly $13.6 million per month via mobile phones
• Mobile banking increases financial inclusivity, spurs trade and boosts economic growth 
• 39 banks are licensed to offer mobile banking services in India

]]> Fri, 27 May 2011 14:20:28 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Australian-Climate-Commission-Calls-for-2020-Emissions-Plan-067

• A new report calls for clean energy revolution in Australia before 2020, says investment needed in renewable energy  
• Current emissions are 37% higher than in 1990 
• Political and social opposition to climate science in Australia remain strong

]]> Wed, 25 May 2011 16:15:18 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/05/Washington-Governor-Wants-More-Funds-for-Aerospace-Training-350

• Washington Governor Chris Gregoire wants $3 million in federal Workforce Investment Act funds to go to aerospace training programs
• Gregoire hopes training will benefit 228,000 jobless in Washington
• Boeing plans to add thousands of new workers in next few years

]]> Thu, 19 May 2011 09:45:50 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/05/China-s-Inflationary-Pressure-Begins-to-Ease-024

• China's inflation rate has fallen from a three-year high of 5.4% in March to 5.3% in April
• Chinese interest rates could be slashed over the course of the year
• Calming of China's monetary policy will be noticeable in the final quarter

]]> Wed, 18 May 2011 15:35:35 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/05/Daily-Chinese-Steel-Output-Reaches-Record-in-April-053

• Daily steel output hit nearly 2 million tons in April 2011; over 2.6% above March
• Strong demand fueled by infrastructure construction, low-cost housing and Japan's need for imported steel
• Power shortages may interrupt steel production during summer, decreasing output and profit

]]> Wed, 18 May 2011 13:17:47 +0000 Economy editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/05/Is-China-s-Trade-Surplus-Rebalancing--052

• China's trade surplus was $11.4 billion last month, four times higher than predicted
• China eases stringent trade rules to open doors for more US exports
• Appreciation of Yuan has helped close trade gap while relaxing inflationary pressure

]]> Wed, 18 May 2011 13:06:16 +0000 Economy editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/05/Asian-Grain-Production-Falls-084

• Grain shortage in Asia due to inclement weather
• About 110,000 thousand hectares of grain were planted in 2010 in China, a 0.8% increase  

]]> Tue, 17 May 2011 13:22:00 +0000 Economy editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/05/Update-Q1-2011-Asia-Trading-and-Agribusiness-Report-105

• Trade between China and the UAE is valued at $120 billion
• Ceylon Tea Industry is valued at $1.5 billion
• Producers are seeking to protect Alishan Tea from copies

]]> Tue, 17 May 2011 10:00:15 +0000 Economy editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/05/Five-Hydroelectric-Dams-Confirmed-For-Chile-145

• Approval to build 5 dams in Patagonia prompts protests from thousands
• Energy giants Matte and Endesa are behind the dam construction; they manage 70% of electricity in Chile
• Dams, if built, will take up over 14,000 acres of wilderness in Chile

]]> Fri, 13 May 2011 12:38:17 +0000 Economy editor@reportlinker.com (David Wilkening) http://www.reportlinker.com/news/2011/05/International-Tourism-Upswing-Good-News-for-Industry-World-Economy-225

• International tourist arrivals had strongest growth in April at 6%
• South America, South Asia and Southeast Asia had double-digit growth
• Slow average growth in North and Central America
• Middle East and North Africa only regions to see negative growth

]]> Mon, 09 May 2011 13:54:46 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/India-to-Boost-Renewable-Energy-Capacity-by-2017-304

• India capable of producing 20 GW of renewable energy
• India to increase renewable energy capacity by 17 GW from 2012-2017 at the cost of $34 billion
• 40% of India’s power consumption comes from coal, 24% from oil

]]> Thu, 05 May 2011 12:28:34 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/US-Corporation-for-Public-Broadcasting-Aims-to-Up-US-Graduation-Rate-311

• US Corporation for Public Broadcasting launches $4.4 million project to raise national graduation rate
• TV star America Ferrera enlisted to promote initiative
• Around 70% of students graduated in 2010, according to research group Gallup

]]> Wed, 04 May 2011 14:41:45 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/US-Senate-Ready-to-Push-Energy-Legislation-Bills-302

• Democrats want a Clean Energy Deployment Administration body
• Proposals being finalized to reduce nuclear and increase offshore drilling safety
• Bill to be put forward to revoke tax breaks for oil companies

]]> Wed, 04 May 2011 10:18:34 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Survey-Indian-Employees-Give-Thumbs-Up-to-Social-Media-124

• 82% of Indian employees trust social networking sites for job searches
• 79% of the Indian workforce only use social media as a professional portal, compared to 29% globally
• 93% percent of Indian companies allow employees full access to social networking sites

]]> Tue, 03 May 2011 15:23:42 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Cyber-Campaigning-Singapore-Election-Goes-Social-123

• Singapore lifts Internet ban on political campaigning for May 7 election
• Political parties allowed to broadcast campaign messages via social network sites and blogs
• Observers do not expect social media to greatly influence election outcome

]]> Mon, 02 May 2011 14:57:17 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Japan-Leans-on-Indonesian-Plywood-for-Reconstruction-131

• Japan asks Indonesia for 2.2 million plywood sheets to help with reconstruction after recent natural disaster
• Increased demand from Japan is driving global plywood prices higher
• Indonesia is the second-largest exporter of plywood to Japan, with China also a major contributor

]]> Mon, 02 May 2011 10:06:05 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/UK-Employment-Growth-Slow-as-Retail-Sector-Struggles-048

• UK retail industry job numbers see a sluggish 0.5% increase, despite 5.3% increase in retail outlets
• Job numbers in the UK dropped 0.8% for March
• Internet and mobile shopping is taking a toll on traditional retail

]]> Thu, 28 Apr 2011 12:13:03 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Global-Agricultural-Commodity-Prices-Set-to-Rise-038

• Economist Intelligence Unit’s food, feedstuffs and beverages index to increase 30% in 2011
• Grain prices are expected to rise dramatically end of year
• Agricultural prices to remain high in 2011 before easing in 2012

]]> Fri, 22 Apr 2011 09:21:26 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/European-Commission-Pushes-Forward-with-eCall-Technology-Legislation-034

• European Commission sets end 2014 date for the implementation of eCall legislation
• eCall is a pan-European project to help motorists in the event of road accidents anywhere in the EU
• Member States will be required to update Public Safety Answering Point infrastructure

]]> Thu, 21 Apr 2011 08:21:20 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Saudi-Arabia-Slashes-Oil-Production-as-Record-Highs-Loom-012

• Saudi Arabia says it cut oil production in March 2011 by 800,000 barrels per day due to market oversupply
• Oil prices reached a 30-month high of $127 per barrel in April 2011
• Analysts predict prices could return to 2008 record highs unless OPEC increases output

]]> Mon, 18 Apr 2011 14:10:58 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Sweden-Singapore-Top-The-World-Economic-Forum-Digital-Economy-List-017

• Over 90% of Sweden’s 9.3 million inhabitants use the Internet on a regular basis
• Singapore’s business-friendly policies, transparent government and quality education system ideal for technology integration
• Nordic and Asian economies best use information and communications technologies to boost growth

]]> Fri, 15 Apr 2011 14:43:17 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/China-s-Economy-Grows-Nearly-10-as-Inflation-Rises-002

• Consumer prices in March rose over 5% compared to 2010, with a 12% increase in food prices
• Retail sales jump over 16% with demand for oil 10% higher
• Chinese government taking measures to limit lending and inflation

]]> Fri, 15 Apr 2011 09:32:48 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Walt-Disney-Crucial-to-Florida-s-Economy-308

• Walt Disney Parks generate $18.2 billion in economic activity in Florida; 2.5% of state GDP
• Walt Disney World Resort generates 2% of all jobs statewide
• Disney’s worldwide success is heading to China for first time, with a $4.4 billion theme park planned for 2015

]]> Thu, 14 Apr 2011 14:22:39 +0000 Economy editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Global-Biofuel-Market-Boom-Bioethanol-and-Biodiesel-Production-to-Hit-151-Billion-Liters-by-2016-021

• Global biofuel production is set to grow 8% annually over the next five years
• Highest production growth rates: Sweden (32%), Colombia (24%) and India (20%)
• EU leads for regional biodiesel production; USA leads for ethanol

]]> Mon, 11 Apr 2011 15:13:14 +0000 Economy editor@reportlinker.com (Sarah Dunbar) http://www.reportlinker.com/news/2011/03/EU-Plans-75-Billion-Financial-Bailout-for-Portugal-025

• Bailout plan worth €75 billion in the works after Portugal’s Prime Minister resigns
• Portugal has launched three rounds of tax increases and spending cuts
• Analysts expect Portuguese economy to shrink 2% in 2011

]]> Mon, 28 Mar 2011 15:41:02 +0000 Economy editor@reportlinker.com (Sarah Dunbar) http://www.reportlinker.com/news/2011/03/Egypt-To-Choose-New-Leader-in-September-083

• 77% of voters - over 14 million Egyptians - said yes to a presidential election
• New parties need approval of 5,000 members from at least 10 Egyptian provinces
• Military council will oversee the country until a new government is elected

]]> Mon, 28 Mar 2011 13:18:53 +0000 Economy