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Total Investment in Fixed Assets in Urban Areas Kept Going up From January to November 2008

added: 18-12-2008

Total investment in fixed assets in urban areas stood at 12,761.4 billion yuan from January to November, a year-on-year rise of 26.8 percent. Of which, state-owned and state-holding enterprises invested 5,336.5 billion yuan, surging 21.6 percent; real estate development valued at 2,654.6 billion yuan, went up 22.7 percent.

Short-Term Outlook for Steel Demand Exceptionally Weak, Say Industry Experts

added: 18-12-2008

The strong upturn in steel demand which began in 2002 has come to an abrupt halt. Growth in demand for steel began to weaken appreciably in August 2008, in response to slowdowns in construction activity in developed economies and China’s moderating economic expansion. Since then, the extraordinary set of events surrounding the financial sector and the sharp deterioration in business prospects for steel-consuming industries have led to depressed steel demand conditions in all major markets.

Fitch: Italian Utility Sector Under Pressure in 2009

added: 18-12-2008

Fitch Ratings says in its 2009 credit outlook report on the Italian utility sector, that the combination of the anticipated domestic recessionary environment, the trend of oil price volatility and the effects of the global financial crisis on the domestic banking and capital market will put pressure on credit metrics of Italian utilities.

European Parliament Seals Climate Change Package

added: 18-12-2008

After eleven months of legislative work, the European Parliament gave its backing to the EU's climate change package which aims to ensure that the EU will achieve its climate targets by 2020: a 20% reduction in greenhouse gas emissions, a 20% improvement in energy efficiency, and a 20% share for renewables in the EU energy mix.

Is the Media to Blame for Making Economic Crisis Worse?

added: 18-12-2008

An overwhelming 77 percent of Americans believe that the US media is making the economic situation worse by projecting fear into people's minds. The majority of those surveyed feel that the financial press, by focusing on and embellishing negative news, is damaging consumer confidence and damping investment, making a difficult situation much worse.

New Nationwide and State-by-State Data Shows Clear Economic Benefits of Infrastructure Stimulus Investments

added: 18-12-2008

Personal earnings will increase by $1.1 billion and the national gross domestic product will increase by $3.4 billion for every billion dollars invested in new infrastructure projects according to new national and state-by-state data released by the Associated General Contractors of America.

"The Single Market: Our Most Valuable Asset"

added: 17-12-2008

Single Market policy has played a vital role over the course of the last year in the European Commission's response to the financial crisis and the deepening recession, according to a Commission report.

Euro Area Annual Inflation Down to 2.1% in November 2008

added: 17-12-2008

Euro area annual inflation was 2.1% in November 2008, down from 3.2% in October. A year earlier the rate was 3.1%. Monthly inflation was -0.5% in November 2008.

Construction Output up by 0.1% in the Euro Area in October 2008

added: 17-12-2008

In the construction sector, seasonally adjusted production increased by 0.1% in the euro area (EA15) and by 0.7% in the EU27 in October 2008 compared with the previous month. In September, production fell by 0.9% and 1.6% respectively.

New Research Sheds Light Into the Dark Corner of Credit Card Pricing

added: 17-12-2008

Credit card companies make credit more costly than necessary by manipulating payments to keep the highest-cost balances from being paid off and by imposing hidden, hard-to-understand penalty interest rates, two new studies released by Center for Responsible Lending show.

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