Archive for the ‘Finance’ Category

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Europe’s services sectors shrank in December (AP)

Tuesday, January 6th, 2009
AP - Europe's services sector continued to contract sharply in December while the jobs outlook looked increasingly bleak, closely watched surveys showed Tuesday.
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Japan’s top CEOs say crisis shows US shortcomings (AP)

Tuesday, January 6th, 2009
AP - Japan's business leaders said Tuesday the U.S. financial crisis has shown the shortcomings of America's freewheeling approach to business, but defended the end of this nation's tradition of lifetime employment as needed to keep up with global changes.
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Euro zone inflation dropped further in December (AP)

Tuesday, January 6th, 2009
AP - Inflation in the countries that use the euro currency dropped further in December to 1.6 percent, according to official estimates.
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Posted in Finance

Toyota to shut plants (Reuters)

Tuesday, January 6th, 2009
Reuters - Toyota Motor Corp will shut all its factories in Japan for 11 days to combat a global slowdown that is not only hitting company profits but could, a report says, unleash a wave of social unrest in China.
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Obama demands ‘bold’ action on stimulus plan (AFP)

Tuesday, January 6th, 2009
AFP - President-elect Barack Obama has demanded bold action on his near 800 billion dollar stimulus plan, warning Congress would send the US economy into an even deeper hole if it failed to act swiftly.
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New Congress set to convene with economy in focus (Reuters)

Tuesday, January 6th, 2009
Reuters - The new U.S. Congress convenes on Tuesday under pressure to deal with a worsening economy by passing a stimulus package that Barack Obama could sign into law soon after being sworn in as president.
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GM says 2008 China sales growth slowed to 6.1 percent (AFP)

Tuesday, January 6th, 2009
AFP - US auto giant General Motors said Monday its sales growth in China slowed to 6.1 percent in 2008, less than a third of the rate seen the previous year as the economic slowdown affected demand.
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Obama demands ‘bold’ action on stimulus plan (AFP)

Tuesday, January 6th, 2009
AFP - President-elect Barack Obama demanded bold action on his near 800 billion dollar stimulus plan, warning Congress would send the US economy into an even deeper hole if it fails to act swiftly.
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Posted in Finance

Obama seeks swift passage of fiscal package (Reuters)

Tuesday, January 6th, 2009
Reuters - With the economic outlook darkening, U.S. President-elect Democrat Barack Obama went to Congress two weeks before taking office to try to entice Republican support for a massive stimulus package with talk of big tax cuts.
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US auto sales plunge whopping 36 percent in Dec. (AP)

Tuesday, January 6th, 2009
AP - Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007.
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