Sun, Apr 26th, 2009
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Special Report:Global Financial Crisis
TOKYO, April 27 (Xinhua) -- The Japanese government on Monday downgraded its economic projection from a previously estimated zero growth to a shrinkage of 3.3 percent for fiscal 2009.
The government revised downward the economic growth forecast to the lowest level in the postwar era as Japan's economy "has been deteriorating at an unprecedented speed" amid the ongoing financial crisis, the cabinet office said.
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- ECONOMIC REPORT Manufacturing contraction slows in April, ISM says
WASHINGTON (MarketWatch) - The factory sector contracted again in April, but the pace of decline slowed, according to the Institute for Supply Management index released Friday. The ISM purchasing managers' index rose to 40.1% from 36.3% in March...
- US Economy Contracts Rapidly in First Quarter
The U.S. economy contracted during the first three months of the year at one of the fastest rates in 27 years and surprised analysts by nearly matching the historic decline than had been registered in the final quarter of 2008...
- GDP falls 6.1% in first quarter on record drop in investment
WASHINGTON (MarketWatch) -- The U.S. economy contracted violently again in the first quarter of the year as business investment declined at a record rate, the Commerce Department reported Wednesday.
- German Govt Cuts 2009 GDP View To -6%; 2010 Recovery
BERLIN (Dow Jones)--The German government Wednesday sharply revised its forecast for the economy this year to a 6.0% contraction from a 2.25% decline expected previously...
- Oil, Metals, Grains Drop on Outlook for Demand After Swine Flu
April 28 (Bloomberg) -- Crude oil, industrial metals andgrains dropped for a second day on speculation a global outbreakof swine flu will derail efforts to shore up economies...
- Chinese bank ICBC says 1Q profit up 6 percent
Industrial & Commercial Bank of China Ltd., the country's biggest commercial lender by assets, said Monday its quarterly profit rose 6 percent from a year earlier despite a double-digit fall in interest income.
- Japan's Economy May Recover ‘Soon,' Official Says
April 27 (Bloomberg) -- Japan’s economic deterioration ismoderating as companies resume production and householdsentiment improves, a government official said. “I...
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