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Monthly Archive August, 2008

Swiss July Unemployment Rate Holds at Six-Year Low

August 9, 2008

Swiss unemployment fell in July as new orders from Asia prompted manufacturers to hire, keeping the jobless rate at the lowest level since 2002 for a sixth month.
The seasonally adjusted number of unemployed decreased by 110 to 99,819, the State Secretariat for Economic Affairs in Bern said today. The jobless rate was unchanged […]

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German June Exports Rise the Most in Nearly Two Years

August 8, 2008

German exports rose more than economists expected in June, defying a stronger euro and pushing the trade surplus to a record.
Sales abroad, adjusted for working days and seasonal changes, increased 4.2 percent from May, when they fell 3.4 percent, the Federal Statistics Office in Wiesbaden said today. That's the biggest increase since September […]

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RTI spinoff Nextreme raises $13 million

August 6, 2008

Technology company Nextreme has raised $13 million in a series B round of financing to ramp up production of its line of tiny cooling devices.
The Durham company, founded in late 2004 as a spinout from Research Triangle Park nonprofit research organization RTI International, said the fundraising was led by Chart Venture Partners of New York. […]

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U.S. June Personal Income and Spending: Summary (Table)

August 5, 2008

Following is a summary of the U.S. personal income and spending report for June released by the Commerce Department.
===============================================================================
June May April March Feb. Jan. Dec. June
2008 2008 2008 2008 2008 2008 2007 YOY ===============================================================================
—————–Based on Current Dollars—————– Personal income 0.1% 1.8% 0.2% 0.4% 0.2% 0.2% 0.4% 5.7% Compensation 0.2% 0.3% […]

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Spaniards Dump Golf, Languid Lunches as Housing Boom Collapses

August 2, 2008

As a Mercedes-Benz E-Class sedan glides through a security check and uniformed staff straighten deck chairs by an outdoor pool, well-heeled serenity masks the upheaval taking place at Madrid's most exclusive golf club.
Golfers at La Moraleja, like those at courses across Spain, are rushing to sell memberships. That's cut their value by 32 […]

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Australian Manufacturing Contracted in July on Falling Orders

August 1, 2008

Australian manufacturing contracted in July as companies received fewer orders, production slowed and employers cut jobs amid interest rates at a 12-year high.
The performance of manufacturing index shed 0.1 points to 46.9 from June, when it fell 4.2 points, PricewaterhouseCoopers and the Australian Industry Group said in a report released in Canberra today. […]

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