_Economy and Finance

Gallileo Gallileo is a 38-storey 136 m (446 ft) skyscraper in the Bahnhofsviertel district of Frankfurt , Germany . It was built from 1999 to 2003. The towers architecture is made up of two towers linked by a connecting central core. The north tower is 136 m (446 ft) with 38 storeys, and the south tower is 114 m (374 ft). The core is the building's full height. Together with its 49,000 m2 (530,000 sq ft) floor space, it is the 14th tallest building in the city. Its name is an intentional misspelling of the scientist Galileo's name; the extra l comes from the building's other namesake, the nearby park Gallusanlage. Along with the nearby Silberturm, it served as the corporate headquarters of Dresdner Bank since 2008. A year later, after the takeover of Dresdner Bank by Commerzbank, the new owner plans to use only the Gallileo. Gallileo has a glass facade with 400 individual windows forming an approximately 22,000 m2 (240,000 sq ft) large transparent outer skin. In the...

Turkey: Gold export story reaches an end At USD 7.3 bn, January’s foreign trade deficit was slightly above the market expectations (USD 7.0bn). As a result, 12-month cumulative trade deficit increased to USD 84.2bn in January from USD 84.0bn in December. Similarly, 12-month cumulative non-energy trade deficit increased to USD 31.9bn from USD 31.6bn. On a seasonally adjusted basis, exports and imports increased by 2% m/m and 9% m/m, respectively. Imports excluding gold and energy rose by 6% m/m on a seasonally adjusted basis, according to our calculations. On a 3m/3m basis, imports increased for the first time since August 2012, signalling that the monetary easing of the CBRT has finally reflected on import figures. Based on broad economic categories, imports of consumption goods increased 7.6% y/y, intermediate goods by 3.4% y/y, and capital goods by 8.2% y/y.

'Big Box' Outlook The ‘Big box’ outlook covers warehouse and distribution facilities of at least 250,000 square feet located around the United States. View report

Global Office Rent Cycle MarketView and Charts (Q4 2012) Prime Rent Performance Divergent in Q4 2012 Executive Summary (Read More: Global Office Rent Cycle MarketView and Charts (Q4 2012) ) ▶ Occupier demand remains circumspect and still broadly focused on prime space.

White House: Military, school and health cuts will hurt Kansas if sequester not averted Kansas will lose at least $79 million in funding for the state’s military bases and face about $10.8 million in cuts to education if Congress and the president can’t reach agreement to head off automatic budget cuts scheduled to begin Friday, according to a new White House report. http://blogs.kansas.com/gov/2013/02/25/white-house-military-education-and-health-cuts-will-hit-kansas-if-sequester-is-not-averted/

Economics Research | Asia Ex-Japan 25 February 2013 First Insights: China: HSBC flash PMI drops surprisingly The HSBC flash PMI dropped surprisingly to 50.4 in February from 52.3 in January (Consensus: 52.2; Nomura: 53.3). The new orders subcomponent fell to 50.9 from 53.1 in January and new export orders to 49.8 from 53.7. The output subcomponent fell to 50.9 from 53.1, while that for the stock of finished goods rose slightly to 49.8 from 49.6.

25 February 2013 Gustavo Arruda,Marcelo Carvalho,Nader Nazmi - Market Economics Daily Latam Spotlight | 25 Feb 2013 06:00 | Chile – We look for stronger IP and retail sales data this week. The focus this week will be on January industrial production and retail sales data, both due out on Thursday. We look for another month of performance divergence between manufacturing production and retail sales. Manufacturing production likely rebounded in annual terms in January, rising 3.6% y/y. In sequential (sa) terms, we look for a +1.9% m/m rebound in January, following a 2.2% monthly contraction in December. Real retail sales are estimated to have contracted in sequential terms in January, but should still post a strong 9.8% gain over a year ago.