UK retail sales growth picks up Nov 20, 2009
FROM OTHER NEWS SITES * Energy and tech reversals hold back US stocks - 58 mins ago Brown can't outlaw his own profligacy - 1 hr ago Britain's 'lost generation' as three million unemployed by next year - 5 hrs ago The jobless recovery is on the way, says OECD - 7 hrs ago Retail sales growth at 17-month high - 9 hrs ago * Requires registration. SHARED. (BBC News -- Business)
China's Listed Banks May Need $44 Billion Capital as Loans Surge, BNP Says Nov 20, 2009
China may need to rein in credit growth to tame inflationary pressures and keep asset bubbles from emerging as growth accelerates, the Organization for Economic Cooperation and Development said yesterday. New loans are expected to be 7 trillion yuan in 2010, BNP estimated, after climbing to 8. (Bloomberg -- Asia)
Gross Says China Has Own Bubble to Face as Exports Fail to Find Consumers Nov 20, 2009
The Organization for Economic Cooperation and Development and officials in Asia including Hong Kong Monetary Authority Chief Executive are also warning of bubbles in the region. With unemployment in the double digits and likely to stay close to that for the next six months despite job creation ahead, the Fed has nowhere to go, Gross, co-founder and co-chief investment officer of Pimco, said on Bloomberg Television. (Bloomberg -- Asia)
Canadian Currency Declines for a Third Day as Equities, Crude Oil Tumble Nov 20, 2009
The Organization for Economic Cooperation and Development doubled the growth forecast for its 30 member countries, saying the leading developed economies will expand 1. 9 percent next year and 2. (Bloomberg -- Canada)
Africa: Climate Change and the Population 'Bomb': A Debate Not to Shy Away From Nov 20, 2009
The demand for cheap goods has forced many OECD countries' multinationals to shift production of their goods to China. Wal-Mart, for instance, the largest supermarket chain in the world, procures more than 50% of its goods from China, mainly for the US market. (allAfrica.com)
Top SKorean model found dead at Paris apartment Nov 20, 2009
South Korea _ which has the highest suicide rate among the 30 nations in the Organization for Economic Cooperation and Development _ has had a string of high-profile suicides over the past year. Former President Roh Moo-hyun jumped to his death in May while embroiled in a widening corruption scandal, and the ex-chairman of South Korea's oldest conglomerate killed himself earlier this month. (Chippewa Falls Chippewa Herald, WI)
Recession to end this year - OECD Nov 20, 2009
Real gross domestic product (GDP) growth would likely be negative for this year but South Africa would emerge from the recession in the fourth quarter as the global financial downturn eased, the Organisation for Economic Co-operation and Development (OECD) said yesterday ... The OECD noted that the downturn and the large budget deficit had also made it "more urgent" to increase the efficiency of public expenditure ... While the first recession in South Africa in 17 years has not been... (Business Report, South Africa)
World economy gets back in shape - OECD Nov 20, 2009
China, the rest of Asia and the US were pulling the world out of an economic vortex with surprising if "modest" speed, the Organisation for Economic Co-operation and Development (OECD) declared yesterday ... The recovery was uneven, unsteady and unpredictable, the OECD said ... The OECD report on the global outlook concealed a big surprise in a table of data showing that at the current rate of recovery, worldwide activity will be back to normal within 25 months' time. (Business Report, South Africa)
Govt still chasing FTA with China: Crean Nov 20, 2009
The OECD's latest upbeat appraisal of Australia again emphasised the importance of China to the nation's economic recovery and the need for a formal trade agreement with the Asian giant, the federal government says. However, the opposition says the Organisation for Economic Development and Cooperation's (OECD) report released in Europe on Thursday also highlights the government's "lazy approach" to infrastructure spending ... The Paris-based institution upgraded its growth forecasts for... (Sydney Morning Herald -- Australia)
Government Says Japan's Economy Is in Deflation for First Time Since 2006 Nov 20, 2009
The Organization for Economic Cooperation and Development this week said more measures are needed to help the economy shake off deflation. The Bank of Japan should fight deflation through a strong commitment, the Paris-based OECD said in its annual economic report yesterday. (Bloomberg -- Japan)
World economy 'heads for growth' Nov 20, 2009
The Organisation for Economic Co-operation and Development (OECD) says growth and recovery are expected in 2010 in just about all world regions ... But the OECD warns developed nations not to expect a smooth ride ... The very measures that are helping richer nations to recover pose risks to that recovery, the OECD says. (BBC News -- Americas)
South Africa: OECD Predicts Economy to Grow 2,7 Percent Next Year Nov 20, 2009
com: South Africa: OECD Predicts Economy to Grow 2,7 Percent Next Year (Page 1 of 1). OECD Predicts Economy to Grow 2,7 Percent Next Year ... The economy would expand 2,7% next year -- well above official forecasts for growth of 1,5% -- the Organisation for Economic Co-operation and Development (OECD) said. (allAfrica.com)
Health care and illegal immigrants in America: why Mexico is the key Nov 20, 2009
No wonder Mexico falls at the bottom of the 30 OECD states in terms of out-of-pocket outlays on physician and hospital visits. According to the Associated press, "Mexicans will do almost anything to avoid a public hospital emergency room, where ailing patients may languish for hours slumped on cracked linoleum floors that smell of sweat, sickness, and pine-scented disinfectant. Many don't see doctors at all, heading instead to the clerk at the corner pharmacy for advice on coping with a cold or... (Christian Science Monitor)
Trader Vic Says Buy Gold, Aussie Dollar Nov 20, 2009
5% for all countries in the OECD.. Page. (Investors Business Daily)
'US, EU job mkts to remain weak until '11' Nov 20, 2009
PARIS: Although much of the world appears to be emerging from the economic crisis, joblessness is expected to remain high in the US and Europe at least until 2011, the Organisation for Economic Cooperation and Development (OECD) said Thursday. According to the OECD: "The Indian economy has weathered the global downturn relatively well." Although poor monsoon rainfall will "modestly hamper" India's recovery, economic growth is projected to reach over 7 per cent in 2010 and 7 ... "It is only some... (India Times)
Oil Trades Little Changed After Rising on Forecasts for a Weaker Dollar Nov 20, 2009
Oil is poised for a weekly gain as the Organization for Economic Cooperation and Development doubled its growth forecast for the leading developed economies next year and predicted a further acceleration in 2011 as China powers a global recovery. The dollar has lost 6. (Bloomberg -- Australia & New Zealand)
Australia Should Increase Interest Rates as Growth Accelerates, OECD Says Nov 20, 2009
Australia Should Continue to Raise Key Interest Rate, OECD Says - Bloomberg ... Australia Should Continue to Raise Key Interest Rate, OECD Says ... 5 percent in 2011, the OECD forecast in its released yesterday in Paris. (Bloomberg -- Australia & New Zealand)
U.S. recovery seen subdued, jobless rate high: OECD Nov 19, 2009
WASHINGTON (Reuters) The U.S. economic recovery will be weaker than after previous deep recessions, and the high jobless rate will decline only slowly, the OECD said on Thursday ... "Gauging the appropriate timing will not be a simple task, but prolonged stimulus risks unanchoring inflation expectations and destabilizing asset markets," the OECD said ... This time, the OECD is forecasting a modest 2. (Yahoo News -- Top Stories)
Economy rebounds but at heavy cost: OECD Nov 19, 2009
Search Type Choose a search type from the items below. More on the U.S. Economy. (Yahoo News -- Press Releases)
Disney sets out to make 'The Passion for kids' Nov 19, 2009
It is time for Governments to spell out their plans to balance their budgets as recession recedes, the OECD said. A Norwegian artist has turned his house into a shrine to Burberry by painting it in the distinctive tartan pattern synonymous with the fashion label. (Yahoo News -- 'The Passion of the Christ')
High-Level Forum Adopts "Tunis Declaration On Public Procurement Reforms in Africa" Nov 19, 2009
The four major themes discussed during the two-day Forum were: "Public Procurement reforms in Africa", Public Procurement as a tool for Economic Development", "Public Procurement Capacity Building Frameworks and Pro-integrity Initiatives", as well as "Public Procurement Reforms and regional Economic Integration". The Forum was organized by the AfDB in partnership with the Common Market for Eastern and Southern Africa (COMESA), the West African Economic and Monetary Union (WAEMU), the African... (allAfrica.com)
US Senate unveils health care bill Nov 19, 2009
" onclick="Next();" src="/images/butt_next. ll surely get even worse," said Obama, who had sent Vice President Joe Biden and other top aides to lobby wavering senators throughout the day. The non-partisan Congressional Budget Office says the plan will cost 849 billion dollars over ten years, while extending coverage to 31 million Americans who currently lack health coverage, said a Democratic aide. CBO's preliminary estimate was that it would also cut the federal budget deficit by 127 billion... (Channelnewsasia.com)
Australian space science 'making gains' Nov 19, 2009
It said Australia was the only OECD country without a national space agency and missing countless opportunities in a field driven by innovation and technology. Science Minister Kim Carr says a key change will come with the establishment of a Space Industry Innovation Council to oversee the improvement of the sector as a whole. (Sydney Morning Herald -- Australia)
SBY - and why not Nov 19, 2009
According to the OECD, Australia comes fifth in the obesity list, with one in five Australians considered obese. In 1980 fewer than one in 10 Australians were obese. (Sydney Morning Herald -- Opinion)
Full Story » Nov 19, 2009
U.S. recovery seen subdued, jobless rate high: OECD - Yahoo ... U.S. recovery seen subdued, jobless rate high: OECD ... WASHINGTON (Reuters) The U.S. economic recovery will be weaker than after previous deep recessions, and the high jobless rate will decline only slowly, the OECD said on Thursday. (Yahoo News -- Top Stories)
Asia helps feeble West in global recovery: OECD Nov 19, 2009
PARIS (Reuters) Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialized countries, the OECD said on Thursday ... "We are looking at a scenario where disaster has been avoided but we're still looking at a scenario which involves slow growth and high unemployment," the OECD's chief economist, Jorgen Elmeskov, told Reuters television in an interview ... In the twice-yearly... (Yahoo News -- Press Releases)
Europeans Sour on American-Style Capitalism Nov 18, 2009
But even Europe's largest economy, Germany, which has managed to keep unemployment around 8%, does not necessarily have a smooth road to recovery, says Stefano Scarpetta, who heads the employment-policy office for the Organization for Economic Cooperation and Development. German policies that encourage reducing hours for permanent employees and trimming payrolls of temporary, so-called precarious workers mean that the relatively modest job losses registered officially may just mask a deeper... (Time.com)
All work and no extra pay Nov 18, 2009
That culture has been tipped on its head, as OECD figures show Australians work the longest week of any developed country - an average 44 hours. More and more of those long hours are being worked for nothing. (Sydney Morning Herald -- Business)
Kloppers 'cautious' on global economy Nov 18, 2009
He said BHP Billiton had expected a similar restocking exercise would be required in Organisation for Economic Co-operation and Development (OECD) countries, but this has been slow so start. "Restocking activity in the OECD has been somewhat slow to start and has actually been quite lethargic to date," Mr Kloppers said. (Sydney Morning Herald -- Business)
Business.view: Start-up nations Nov 18, 2009
To coincide with the week of activities the OECD has published its latest on the state of entrepreneurship, now expanded to 23 countries, including for the first time an emerging-market country, Brazil ... The OECD says the economic crisis has had a big impact on entrepreneurship ... Encouragingly, over the past decade most OECD countries have greatly reduced impediments to entrepreneurship (by making regulations clearer and reducing the bureaucracy involved in starting a business). (The Economist)
War-torn nations 'most corrupt' Nov 18, 2009
TI also welcomed action by the OECD and G20 group of richest nations to tackle tax havens and other places where corrupt government officials often harbour their money ... "The OECD's work in this area is welcome, but there must be more bilateral treaties on information exchange to fully end the secrecy regime.". (BBC News -- South Asia)
Denmark Mortgage Bonds Lure Pimco as Annual Auctions of $115 Billion Begin Nov 18, 2009
7 percent in 2011, according to the Organization for Economic Cooperation and Development. It will shrink 3. (Bloomberg -- Europe)
Chasing Corporations Out Of The U.S. Nov 17, 2009
The U.S. now spends more per capita on public education than any other OECD country, but its students test in the bottom decile. The U.S. Government's National Assessment of Educational Progress generates the "Nation's Report Card" annually. (Investors Business Daily)
Korean model triumphs over West Nov 17, 2009
6% growth, the highest in the 30-member Organization for Economic Cooperation and Development (OECD). Underlining the strength of the economy, Korea's jobless rate rose in September at the slowest pace among the world's major. (Asia Times Online)
UN envoy visits Sudan to assess status of child soldiersBADEA DG arrives CongoUNAMID worried over harassment of peacekeepers in Darfur2010 WC/CAN: Benin names 18-man squad against Sudan IMO pledges support to avert piracy off Somali coastSomalian prime minister to visit BrusselsLibya, Somalia review cooperationBurundi sets conditions for keeping soldiers in Somalia UNDP, France to build hostels for trainee police officers in DRCWorld Club: TP Mazembe starts against Pohang SteelersNigerian club fails in bid to lift African champions league titleKenya Airways launches flights to Kisangani, DRC Ivorian Prime Minister urges mutinous soldiers to remain calmGbagbo: "Whoever delays Ivorian elections is a criminal"Gbagbo reaffirms his desire for Ivorian peaceGbagbo signs Ivorian amnesty law ON THE WIRE World leaders renew commitment to end hungerNairobi, Kenya (PANA) - World leaders who convened in Rome, Italy, Monday for the World Summiton Food Security have unanimously adopted a declaration pledging renewed commitment to eradicate hungerat the earliest date, according to the UN Food and Agriculture Organisation (FAO). 17/11/2009 Full Text... Nov 17, 2009
It is a small amount if we conside r the US$365 billion of agriculture producer support in OECD countries in 2007, and if we consider the US$1,340 billion of military expenditu res by the world in the same year," Diouf said."Hunger is the most cruel and concrete sign of poverty," said Pope Benedict XVI. "Opulence and waste are no longer acceptable when the tragedy of hunger is assuming ever greater proportions. "The pope called for greater understanding of the needs of the rural world, and t hat... (Panapress.com)
South Korea's recovery: Leaning experience Nov 17, 2009
1% in the fourth quarter of 2008, the economy was one of the first in the OECD to start growing again, three months later ... Randall Jones, an economist at the OECD, does not believe house prices in South Korea are excessively frothy ... Relative to income, they have risen by 5% since 2000, compared with jumps of more than 25% in some other OECD countries. (The Economist)
DPJ Considers Paring Election Pledges to Prevent Increase in Debt Burden Nov 17, 2009
Japans , already the worlds largest, will climb to twice the size of the economy next year, according to the Organization for Economic Cooperation and Development. Voter Unease. (Bloomberg -- Japan)
Socialist Nightmare Might Make U.S. Healthier: Celestine Bohlen Nov 17, 2009
Considering the large part of the U.S. population that now has no health insurance at all -- among the 30 nations in the Organization for Economic Cooperation and Development, only Turkey and Mexico share that distinction -- the answer is a resounding no.. In light of the fact that the United States spends twice as much per person on health care as its peers, those who question the value for money obtained in U.S. health expenditures are on firm footing, the authors concluded. (Bloomberg -- Columnists)
Swaps Signal Worst Yen Since '05 as Mounting Debt Overwhelms Market Demand Nov 16, 2009
Thats 181 percent of , up from 94 percent a decade earlier and the most among the 30 countries of the Organization for Economic Cooperation and Development, which averages 79 percent. The U.S. has about $7 trillion of marketable outstanding, or about 50 percent of its GDP, according to government data. (Bloomberg -- Japan)
Tax Revenue May Fall to $413 Billion on Slumping Japan Corporate Profits Nov 16, 2009
Japans public debt will balloon to 197 percent of gross domestic product in 2010, according to the Organization for Economic Cooperation and Development. To contact the reporters on this story: Kyoko Shimodoi in Tokyo at. (Bloomberg -- Japan)
Australia's Retail Bond Market Will Expand If Rules Are Relaxed, Nash Says Nov 16, 2009
Australian investors favor shares over fixed-income, with the nations pension fund industry putting 59 percent of funds into stock investments in 2008, according to OECD released in October. That was the highest allocation to equities out of the 28 nations the Organization for Economic Cooperation and Development surveyed, and saw investors suffer losses when Australias benchmark stock fell 41 percent in 2008 amid the worst global recession since World War II.. (Bloomberg -- Australia & New Zealand)
Lack of Educated Construction Workers Hinders Brazil Builders Even, Cyrela Nov 16, 2009
Federal spending on education, while having increased 63 percent since Lula took office in 2003 to 34 billion reais last year, is about a fifth of the OECD average at $1,542 per student. Mexico and Chile spend in excess of $2,400. (Bloomberg -- Latin America)
* Consumer demand for e-supermarkets booms in bad times Nov 16, 2009
And this great global shopping mall can only expand rapidly as mobile phone use explodes, the Chinese get involved and advertisers jump in, the Organisation for Economic Cooperation and Development (OECD) forecasts ... As the Christmas spending spree, vital to many retailers and manufacturers around the world, gets under way, the OECD also highlights other worries for consumers ... These are among the obstacles to increased cross-border trade, paradoxically even within the EU, which the OECD... (Taipei Times, Taiwan -- World)
Internet supermarket booms in bad times Nov 16, 2009
And the this great global shopping mall can only expand rapidly as mobile phone use explodes, the Chinese get involved and advertisers jump in, the OECD forecasts ... As the Christmas spending spree, vital to many retailers and manufacturers around the world, gets under way, the OECD also highlights other worries for consumers ... "The financial and economic crisis appears to be giving a e-commerce a boost as consumers search for ways to reduce expenditures by purchasing items online," the OECD... (Yahoo! Asia News)
Obama boosts hopes for free trade in Asia-Pacific Nov 15, 2009
Japanese Prime Minister Yukio Hatoyama brought up the sensitive issue of suicides in his country, which has the second-highest rate of suicide in the 30-nation Organization for Economic Cooperation and Development. He called for nurturing economies that value its workers as human beings. (The Star Online, Malaysia -- Business)
Dollar Drops as Europe's Economic Optimism Spurs Demand for Higher Yields Nov 15, 2009
Japans public debt, already the largest in the industrialized world, is approaching twice the size of gross domestic product, according to the Organization for Economic Cooperation and Development. Mexicos peso was the biggest winner versus the dollar this week, appreciating 2. (Bloomberg -- US)
Hatoyama Says `Worrisome' Japanese Economy Probably Warrants Extra Budget Nov 15, 2009
Japans burden will climb to twice the size of the economy next year, according to the Organization for Economic Cooperation and Development. To contact the reporter on this story: in Tokyo at. (Bloomberg -- Japan)
Health care issues: US costs vs. other countries Nov 14, 2009
WHAT IT MEANS: There are several major reasons for the disparity between what the United States spends and what it gets, according to the Organization for Economic Cooperation and Development. One is the large number of Americans who lack health insurance or are underinsured, either because their employers don't provide it or they are out of work. (Atlanta Journal-Constitution -- World)
A poor job of nurturing teens Nov 14, 2009
It is well below the OECD average of 85 per cent. ... If Australian youth participation is below OECD average then this also represents an opportunity to respond creatively. (Sydney Morning Herald -- Opinion)
* Singapore, France sign tax agreement Nov 14, 2009
The signing enabled the city-state to get off a gray list of countries that have not yet fully implemented standards set by the OECD, the industrialized nations club ... It was the 12th such agreement signed by Singapore X the minimum required by the OECD for a country to enter the elite white list of financial centers X and will come into force after formal passage by both parliaments ... I am particularly pleased to sign today the 12th protocol which allows the withdrawing of... (Taipei Times, Taiwan -- World Business)
No Free Lunch: The True Cost of ObamaCare Nov 14, 2009
The US innovations in diagnosis and treatment of prostate and breast cancer were associated with faster declines in mortality in the US than in OECD (Europe) countries. The US health care system provides Americans with better access to important new technologies -- such as for instance medical imaging -- than do patients in Canada or Britain. (Townhall.com)
Africa: Bid to Merge Three Trading Blocs Faces Disparity Threat Nov 13, 2009
Statistics by the Organisation for Economic Co-operation and Development (OECD) showed that in Sub-Saharan African countries trade taxes still account for an average 25 per cent of total tax revenue and where value added tax (VAT) collected at the border often represents more than 50 per cent of total VAT revenues. "However, this should not be used as an excuse to delay the implementation of the initiative. Care will have to be taken to broaden the effective tax base and seek alternate sources... (allAfrica.com)
A developing thirst Nov 13, 2009
Demand from these countries will overtake that of the industrialised OECD nations by 2030. By then, America, Japan and Europe will be using less oil than in 1980. (The Economist)
Push and pull of a human tide Nov 13, 2009
Secondly, we know that Australia's economy has suffered less in the global financial crisis than almost any other OECD country and we also know that asylum seekers are sensitive to economic conditions in the receiving countries. . (Sydney Morning Herald -- World)
Liechtenstein Will Work to `Marginalize' Tax Evasion, Prime Minister Says Nov 13, 2009
Nov. 12 (Bloomberg) -- Liechtenstein will step up the fight to eliminate tax evasion by reaching agreements with other countries after the principality shed its status as a tax haven under OECD rules, Prime Minister said ... Liechtenstein, a principality of 35,000 people wedged in the Alps between Switzerland and Austria, pledged in March to comply with the OECDs standards after spending years on an OECD list of uncooperative tax havens ... Signing the 12 so-called TIEAs was a key requirement... (Bloomberg -- Germany)
Seoul mates in the great recovery Nov 13, 2009
"Modern Korea's first economic phase in the 1980s, was 'perspiration' as it worked up a sweat establishing itself as an industrialised country, then it moved into a phase of 'aspiration' as it joined the OECD, now it will be in a phase of 'inspiration' as it transforms itself to deal with a new world with the challenges of climate change. A company like Samsung will be completely different in five years' time as it will reinvent itself to be a leading environmental player on the world stage.".... (Sydney Morning Herald -- Opinion)
US has Hong Kong in its sights Nov 13, 2009
The OECD has a so-called gray list of countries that haven't complied with global tax standards. Hong Kong and Singapore announced in February that they would put forward legislation to meet them, according to Pascal Saint-Amans, who heads the tax competition division at the OECD. Macau made a similar announcement in March. (Sydney Morning Herald -- Business)
Japan Tobacco Says State to Sell Stake `Eventually' as Public Debt Mounts Nov 12, 2009
in Japan is approaching twice the size of gross domestic product, according to the Organization for Economic Cooperation and Development. Japan Tobacco shares fell 1 percent to 249,300 yen at the 3 p.m. close on the Tokyo Stock Exchange. (Bloomberg -- Japan)
Paris Youths Squat in Mansion to Protest Against Record Unemployment Level Nov 12, 2009
4 percent in 2008, the Organization for Economic Cooperation and Development estimates. Young people in France along with those in Spain, Latvia and Hungary are among the most affected, figures from , the European Unions statistics office, show. (Bloomberg -- UK)
Africa: Reforms Shield Continent From Recession Nov 12, 2009
The deputy general secretary of the Organisation for Economic Co-operation and Development (OECD), Mario Amano, said yesterday that the recession's effect on Africa was mainly through decreased oil exploration and export earnings ... "The financial position is much better and inflation has been reduced," he said at the annual ministerial meeting arranged by the OECD, the New Partnership for Africa's Development (Nepad) and the Department of Trade and Industry ... Karim Dahou, executive manager... (allAfrica.com)
Dr Emerson, please tear down this supermarket duopoly Nov 11, 2009
With OECD figures demonstrating that Australia consistently has some of the highest levels of food inflation in the developed world, Federal Minster for Competition Policy and Consumer Affairs Craig Emerson must move quickly to inject new competition into the Australian grocery sector. It is a fundamental economic reality that consumer prices go up as markets get more concentrated. (Sydney Morning Herald -- Opinion)
The High Level Forum on Public Procurement Reform in Africa Nov 11, 2009
The forum on public procurement reforms in Africa is being organized by the (AfDB), in partnership with COMESA, WAEMU, the African Capacity Building Foundation (ACBF), the Organization for Economic Co-Operation and Development (OECD) and the World Bank (WB). Contacts. (allAfrica.com)
Provisional PDF Nov 11, 2009
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Is The U.S. Becoming a Third World ... Nov 11, 2009
The latest report from the (OECD) ranks the United States with the highest disparity of income in the developed world. They also report the U.S. has progressively become the most unequal society of all industrialized nations. (Suite101.com)
Mad cow disease no longer a priority Nov 11, 2009
OECD streicht Liechtenstein von der grauen Liste. Liechtenstein. (Yahoo News -- Mad Cow Disease)
