News Feed » World Economic Forum http://www.news-feed.com Current and updated news feed covering the U.S. and the rest of the World Sun, 05 Feb 2012 15:16:42 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Switzerland Displaces U.S. As World’s Most Competitive Economy http://www.news-feed.com/2009/09/09/switzerland-displaces-us-as-worlds-most-competitive-economy/ http://www.news-feed.com/2009/09/09/switzerland-displaces-us-as-worlds-most-competitive-economy/#comments Wed, 09 Sep 2009 13:57:02 +0000 admin http://www.news-feed.com/?p=975 The United States received an unfamiliar blow yesterday, as the World Economic Forum displaced it as the world’s most competitive economy, replacing it with Switzerland.

This is the first time that the US has lost the top spot since the index was created in 2004. The Forum cited the United States’ fragile financial markets as the reason for the ‘cut’, and at the same time commended Switzerland’s stable economy and knack for innovation. On a separate note, the USD dropped to its lowest level in 2009 against the Euro, as the global market rallied on economic recovery hopes.

]]> http://www.news-feed.com/2009/09/09/switzerland-displaces-us-as-worlds-most-competitive-economy/feed/ 0 Overnight Market News – September 8, 2009 http://www.news-feed.com/2009/09/08/overnight-market-news-september-8-2009/ http://www.news-feed.com/2009/09/08/overnight-market-news-september-8-2009/#comments Tue, 08 Sep 2009 14:50:44 +0000 admin http://www.news-feed.com/?p=970
  • World Economic Forum Names Switzerland as the World’s Most Competitive Economy, Displacing US Following Weakening of its Financial Markets and Rising Budget Deficits
  • OPEC Likely to Leave Output Unchanged at Wednesday’s Meeting as Current Oil Prices Deemed Favourable
  • UK’s Finance Minister to Curb Government Spending when Economy Recovers, But Vows to Protect Frontline Services
  • China’s Passenger Car Sales Surge 90.18% to 858.3k in August from a Year Ago on Government Stimulus Measures
  • German Industrial Orders Rise 3.5% in July from June, Trumping Economists’ Expectations by 1.5%
  • Australian Business Confidence Jumps 8 Points to 18 Points in August from July, Highest Level in Almost Six Years
  • Crude Oil Stands at USD 68.02 per Barrel
  • Ethanol Stands at USD 1.64 per Gallon
  • Natural Gas Stands at USD 2.73 per British Thermal Unit (Btu)
  • Gold Stands at USD 994.90 per Troy Ounce

    • All US Markets Closed Yesterday (Labor Day)

    • London FTSE Index Rises 31.74 Points (0.64%)
    • Japan Nikkei Index Nikkei Index Rises 72.29 Points (0.7%)
    • Hong Kong Hang Seng Index Hang Seng Index Rises 440.5 Points (2.14%)
    • Brazil Bovespa Index Rises 945.11 Points (1.7%)
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