What is at stake here is the essential spirit of European shared solidarity and responsibility. Other European countries went through very difficult times – Ireland, Portugal, Spain, Cyprus and Latvia – to name only these few countries. All governments took very difficult decisions; some of them paid a very high political price for their solidarity […]
Washington, DC – JPMorgan Chase & Co. today launched the JPMorgan Chase Institute, a global think tank that will deliver better data, analyses and expert insights designed to address global economic challenges. The new think tank released a groundbreaking inaugural report, Weathering Volatility: Big Data on the Financial Ups and Downs of U.S. Individuals, that […]
WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced that it will eliminate fees on its Desktop Underwriter® automated underwriting system and Desktop Originator® tool, enhance its EarlyCheck™ loan verification tool, and soon introduce a new loan delivery system. These changes are designed to help its customers originate mortgages with increased certainty, efficiency and lower costs. “We […]
Real GDP for the first quarter was revised up this morning, reflecting slightly higher growth in personal consumption, private investment, and government expenditures than previously estimated. The small first-quarter decline in overall GDP was driven by a number of factors including harsh winter weather and tepid foreign demand. However, the combination of consumption and investment—the […]
The Government today announces that Australia will become a founding member of the Asian Infrastructure Investment Bank (AIIB). The decision comes after extensive discussions between the Government, China and other key partners around the world. There is an estimated infrastructure financing gap of around US$8 trillion in the Asian region over the current decade. The […]
Good evening! I am absolutely delighted to participate again in this prestigious conference, and I would like to thank Vice Premier Reynders for his kind introduction. Last month, on May 6th, I almost choked on my morning yoghurt when I saw the front page of a leading business newspaper. There it was – a league […]
WASHINGTON — The Internal Revenue Service joined today with representatives of tax preparation and software firms, payroll and tax financial product processors and state tax administrators to announce a sweeping new collaborative effort to combat identity theft refund fraud and protect the nation’s taxpayers. The agreement — reached after the project was originally announced March […]
Press Conference: Reimagining Africa’s Future: A blueprint for sustainable business Press Conference: Reimagining Africa’s Future: A blueprint for sustainable business Accenture and the NBI recently conducted a study titled: “Reimagining Africa’s Future: A blueprint for sustainable business”. In this session, they will unpack and discuss how businesses in Africa can deliver $350bn a year in […]
Total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate was essentially unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, leisure and hospitality, and health care. Mining employment continued to decline. Household Survey Data In May, both the unemployment rate […]
Reports from the twelve Federal Reserve Districts suggest overall economic activity expanded during the reporting period from early April to late May. Activity in the Richmond, Chicago, Minneapolis, and San Francisco Districts was characterized as growing at a moderate pace, while the New York, Philadelphia, and St. Louis Districts cited modest growth. Contacts in the […]
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