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Australian Banking Sector: NAB Down, But Still Solid

added: 22-10-2008

Finally, a bank CEO has owned up to what banking analysts and more astute investors and economists have been saying for some time.

Australian Producer Prices Rise Sharply

added: 21-10-2008

Prices paid to Australian producers rose in the September by almost twice as much as economists had forecast as costs for energy, water and construction jumped.

15 Million People Banked Online in France in August 2008

added: 21-10-2008

comScore, Inc. released a report on the French online banking sector, showing that France is one of the world’s most developed markets for online banking.

International Buyers Continue To Look To China For Gifts And Home Products Despite Financial Challenges

added: 20-10-2008

Research conducted last week by Global Sources has revealed that price increases and a decrease in consumer spending are the two biggest challenges facing buyers in the next 12 months. To address these issues, buyers are looking to consolidate existing suppliers; enter new markets; and look for more competitively-priced products. However, the research also revealed that 77 percent of the 300 buyers who responded plan to increase or keep their sourcing volume the same in the next 12 months, and will continue to source most of their gifts and home products from China.

Fitch Comments on Government Programs, Current Crisis & Implications for Bank Ratings

added: 20-10-2008

Fitch Ratings has been assessing the myriad of events and announcements in recent days from major banks and governments around the world. The systemic crisis that has gripped financial markets and financial institutions globally has led to significant government initiatives aimed at restoring confidence to financial markets and providing the institutions with the necessary tools to help them navigate through markets that have been volatile at best and nearly paralyzed at times in recent weeks.

Australia Consumer Price Index Ahead, Banks Cut Rates

added: 20-10-2008

Surprisingly, the September quarter's Consumer Price Index will be one of the most anticipated for sometime, but for less obvious reasons.

Revenues From Mobile Data Services to Underpin Continued Growth in BRIC Economies

added: 18-10-2008

Increasing adoption of messaging and content services, aided by increased availability of 2G and 3G-based mobile networks, is expected to push operator-billed data revenues in the mobile markets of Brazil, Russia, India and China (collectively referred to as the BRIC economies) from $26.2 billion in 2008 to more than $48.3 billion by 2013, according to a new report from Juniper Research.

Denmark, Sweden Still the Highest-Tax OECD Countries

added: 17-10-2008

Denmark is confirmed as the OECD’s highest-tax country, followed by Sweden, while Mexico and Turkey remain the lowest-taxing countries, according to figures in the latest edition of the OECD’s annual Revenue Statistics publication.

Fitch Sees Mounting Pressure on Insurance Ratings Globally

added: 17-10-2008

Fitch Ratings said that balance sheet pressures for insurance and reinsurance companies globally are becoming more severe as insurers experience greater unrealized market value losses, and take impairments, on their investment portfolios. As such, Fitch expects a noteworthy ramp up in such losses to be reported by many insurers in the third quarter.

Higher Food and Energy Prices Are a Burden

added: 17-10-2008

Nearly two-thirds (60%) of people in a new 26-nation poll commissioned by the BBC World Service say they are feeling the burden of recent rises in the cost of food and energy. They say that the rising cost of food, and of fuel and electricity costs, has affected them and their family "a great deal."

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