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added: 29-01-2009

Mortgage rates fell versus one week ago, with the average 30-year fixed mortgage rate now 5.48 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.29 discount and origination points.

EC Sets out Proposals for Global Pact on Climate Change at Copenhagen

added: 29-01-2009

The European Commission set out its proposals for a comprehensive and ambitious new global agreement to tackle climate change and how it could be financed. The new pact is due to be concluded at the Copenhagen UN climate conference in December.

EC Proposes € 5 Billion New Investment in Energy and Internet Broadband Infrastructure in 2009-2010, in Support of the EU Recovery Plan

added: 29-01-2009

As part of the ongoing implementation of the EU recovery plan endorsed by the European Council in December 2008, the European Commission has presented proposals to invest in key energy and Internet broadband infrastructure projects. These will deliver a much needed stimulus to the EU economy in the short term, while at the same time targeting strategic goals such as energy security. All Member States will benefit from the package of measures.

Ernst & Young Sees a Transitional Environment Ahead for US Property and Casualty Insurers in 2009

added: 29-01-2009

In 2008, the impact of the financial crisis on the US property/casualty (P/C) insurance industry has been isolated, sparing the industry from serious impairment. Still, the outlook for 2009 includes greater risks to the industry from continued volatility, according to the Ernst & Young Global Insurance Center's US property/casualty industry outlook for 2009.

Accenture Identifies Imperatives for Business, Government In Times of Economic Uncertainty

added: 29-01-2009

Companies seeking to improve business performance in the midst of the current global economic crisis should focus on three strategic objectives in 2009, according to Accenture: create new geographic options that enable them to go to multiple markets to find what they need, be it new customers, talented workers, capital and raw materials, focus on building authentically local businesses in each of the markets they serve and build or adapt global networks to enable them to move people and information across their organizations quickly, efficiently and effectively.

Analyst Poll Predicts Strong Recovery in Russian Equities in H2 2009

added: 29-01-2009

Equity strategists from a majority of leading Russian and international investment banks and brokerage houses have predicted that the flow of Russian equity fund raisings will not resume until H1 2010. A poll of leading analysts conducted by Merlin has established that 11 out of 15 interviewed analysts do not see international IPOs by Russian companies resuming before Q1 2010, while Q3 2010 was named by most analysts as the likely timeframe for Russian domestic IPOs to recommence.

Obama Reforms Could Spark 'New Healthcare Economy' If Investors Increase Funding

added: 29-01-2009

The United States is on the verge of building a "new healthcare economy," according to a report issued by healthcare venture capital firm Psilos Group. But the same report warns that despite aggressive health reform plans by the Obama administration, the economics of healthcare will not truly change without a large increase in venture funding for healthcare innovation.

The Conference Board Leading Economic Index for the Euro Area Shows Continuing Contraction

added: 28-01-2009

The Conference Board Leading Economic Index (LEI) for the Euro Area declined a further 0.9 percent in December to 93.3 (2004 = 100), following a 1.7 percent fall in November and a 2.5 percent drop in October. Falling economic sentiment and stock prices more than offset large positive contributions from inflation-adjusted money supply and the interest rate spread.

Failing Infrastructure Cannot Support a Healthy Economy

added: 28-01-2009

Decades of underfunding and inattention have jeopardized the ability of our nation's infrastructure to support our economy and facilitate our way of life. The American Society of Civil Engineers (ASCE) released its 2009 Report Card for America's Infrastructure - assigning a cumulative grade of D to the nation's infrastructure and noting a five-year investment need of $2.2 trillion from all levels of government and the private sector.

Manpower Inc. Calls for Greater Recognition of the Role of Women in the Post- Crisis Labor Market

added: 28-01-2009

Manpower Inc., a world leader in the employment services industry and strategic partner of the Annual Meeting of the World Economic Forum in Davos, released a paper titled, "The Underworked Solution: Women and the Talent Crunch." The paper calls for the increased engagement of women in the global workforce as a key component of long-term economic growth and sustainable development.

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