Japan’s economy shrinks at 2.3 percent pace in 4Q
Posted by on February 14, 2012
A security guard controls the traffic at a container terminal in Tokyo, Monday, Feb. 13, 2012. Japan’s economy shrank 2.3 percent in the fourth quarter as manufacturers were battered by the strong yen, weak export demand amid the European debt crisis and flooding in Thailand. (AP Photo/Shizuo Kambayashi) A security guard controls the traffic at [...]
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Tags: debt crisis, export demand, percent
Egypt market plunges after deadly soccer riots (AP)
Posted by on February 4, 2012
CAIRO ? Egypt’s benchmark stock index fell over 2 percent Thursday, paring an earlier plunge stemming from deadly soccer riots the night before that left 74 dead and rekindled fears of fresh instability akin to the unrest that has battered the country and its economy in the year since the ouster of Hosni Mubarak. The [...]
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Asia stocks rise as Apple result lifts tech shares (AP)
Posted by on January 25, 2012
BANGKOK ? Asian stocks rose Wednesday as investors stayed calm in the face of a possible debt default by Greece to search for good deals in technology shares boosted by stunning results from Apple Inc. Japan’s Nikkei 225 index rose 1 percent to 8,870.22. South Korea’s Kospi gained 0.8 percent at 1,964.72 and Australia’s S&P [...]
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Greece, creditors make scant progress as clock ticks (Reuters)
Posted by on January 19, 2012
LONDON/ATHENS (Reuters) ? Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks told Reuters on Thursday, as time to strike a deal and avoid a messy default runs out rapidly. Nearly a week after talks hit an impasse, the two sides remain [...]
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Tags: international monetary fund, percent, social misery
Neighbors cash-in as West sits out quiet boom in Laos (Reuters)
Posted by on December 30, 2011
VIENTIANE, Laos (Reuters) ? The Japanese cars and sport utility vehicles that clog the streets of Laos’s once sleepy capital are testament to the changes quietly under way in a county once seen as a basket case isolated for decades behind Asia’s bamboo curtain. Shopping malls are under construction, mobile phone shops and modern coffee [...]
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Tags: economic success story, percent, vietnam war veterans
Unemployment rate drops to lowest since 2009
Posted by on December 3, 2011
FILE – In this Nov. 14, 2011 file photo, job seekers line up to speak to recruiters during a career expo in Las Colinas, Texas. The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy. [...]
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Tags: career expo, percent, united parcel service
Japan economy rebounds from post-quake slump
Posted by on November 21, 2011
Japan’s economy rebounded in July-September as efforts to restore supply chains and recover lost output in the wake of the March disasters helped it post its first expansion in four quarters. Automakers and other key industries boosted output to meet pent-up demand after the earthquake, tsunami and nuclear crisis, but analysts warned that [...]
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Tags: downside risks, global slowdown, percent
SABMiller runs into tough trading in Europe and U.S. (Reuters)
Posted by on November 20, 2011
LONDON (Reuters) ? Brewer SABMiller Plc (SAB.L) complained of tough trading in Europe and North America and warned that conditions would stay difficult in the short term as hard-pressed consumers in mature markets economize on their favorite tipples. The world’s No 2 brewer and maker of Miller Lite, Peroni and Grolsch narrowly missed forecasts with [...]
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Japan exits recession as quake scars heal; outlook dim (Reuters)
Posted by on November 14, 2011
TOKYO (Reuters) ? Japan’s economy rebounded from an earthquake-triggered recession in the third quarter by expanding 1.5 percent, a pace that is likely to slow down though as a strong yen and weak global growth darken the outlook. The growth — the fastest among major industrial nations — was fueled by robust exports and consumption [...]
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Tags: free trade pact, percent, straight quarters
Dow sinks 3 percent as Europe uncertainty deepens
Posted by on November 10, 2011
Trader Michael Zicchinolfi runs across the floor the New York Stock Exchange Wednesday, Nov. 9, 2011. The Dow Jones industrial average lost more than 240 points in early trading after Italy’s borrowing costs soared.(AP Photo/Richard Drew) Trader Michael Zicchinolfi runs across the floor the New York Stock Exchange Wednesday, Nov. 9, 2011. The Dow Jones [...]
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