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17.11.2008 / UK recession to be 'tougher and longer'
Recession in Britain will be tougher and longer than previously thought, the Confederation of British Industry warned today, with the economy expected to contract by 1.7% next year.
It also expects unemployment to hit 9% in 2010, leaving...
17.11.2008 / Japan's Economy in Recession After Shrinking 0.4% Last Quarter
Japan's economy, the world's second largest, entered its first recession since 2001 last quarter and the government and economists say conditions may get even worse.
Gross domestic product shrank an annualized 0.4 percent in the three months...
14.11.2008 / Europe Falls Into First Recession in 15 Years as Financial Crisis Deepens
Europe's economy fell into its first recession in 15 years in the third quarter, paving the way for deeper cuts to interest rates and taxes amid the worst financial crisis since the Great Depression.
Gross domestic product in the 15 euro...
12.11.2008 / Oil slips to $59 on global growth pessimism
Oil prices slipped to $59 a barrel Wednesday as investors grappled with the prospect that global growth next year will slow more than originally feared, cutting demand for gasoline and other crude products.
Expectations that a snapshot of...
12.11.2008 / Stocks slide as Best Buy adds to economic woe
Stocks slid on Wednesday after Best Buy, the largest U.S. electronics chain, lowered its outlook, heightening fears about a deeper economic slump AMD tempering hopes for an auto industry bailout by Washington.
Worries about the economy have...
11.11.2008 / Retail sales fall for first time since 2005
Total UK retail sales fell last month for the first time in more than three years last month as cash-strapped consumers spurned non-food items, data from the British Retail Council (BRC) showed.
Sales in October were down by 0.1% from the...
11.11.2008 / Oil-Sands Spending to Fall 20% on Shell, Suncor, Encana Delays
Energy companies are cutting back development of Canadian oil sands, the world's biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive.
Royal Dutch Shell Plc, the world's second-largest...
10.11.2008 / Oil jumps above $64 on higher stock markets
Oil prices jumped above $64 a barrel Monday as world stock markets rallied on news of a massive Chinese economic stimulus plan, which could underpin demand for crude.
Increasing evidence that OPEC production cutbacks were taking hold also...
10.11.2008 / Asian Stocks Climb on China’s $586 Billion Stimulus Package
Asian stocks rallied for the first time in three days and U.S. index futures jumped after China announced a $586 billion package to revive growth in the world’s fourth-largest economy.
Hitachi Construction Machinery Co., which generates a...
05.11.2008 / Oil futures fall after 10% surge; supply data ahead
Crude-oil futures fell Wednesday morning, giving up some ground after soaring more than 10% in the previous session.
With at least one market uncertainty out of the way following the U.S. presidential election, traders moved their attention...
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