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| | | ... the credit market catastrophe, if it remains unresolved for much longer, could also engulf Australia into its first recession in 17 years. Going by reported economic statistics, the big economies of the US, the Eurozone, Japan and the UK among others ... |
| | | | ... reports of a 0.3 per cent contraction in the US economy in the third quarter. And the scramble to contain the global recession was on. Asian central banks and governments acted. The Bank of Japan (BoJ) cut its benchmark interest rate to 0.3 per cent ... |
| | | | ... showed that the economy contracted by 0.3 per cent in the third quarter - the biggest quarterly fall since the 1990/91 recession. But this is better than consensus expectations for a 0.5 per cent decline. And yes, the war cushioned the fall. US national ... |
| | | | ... U.S. exports.' Downside risk to US (and global) growth remains. For those still not convinced that the US is already in recession, tonight's advance estimate of US real GDP could be an eye opener. The US economy is expected to have contracted by 0.5 ... |
| | | | ... 500 index lost 10.42 points, or 1.11 per cent, to 930.09. LONDON - Major European markets soared as spirits lifted and recession fears faded. The FTSE 100 index rose 316.16 points, or 8.05 per cent, to close at 4,242.54 points. FRANKFURT - The German ... |
| | | | ... after shifting between gains and losses all day, pulled lower by commodity producers as investors speculated a global recession will damp demand for fuel and metals.' Bloomberg is not the only one. Every other information media on the financial market ... |
| | | | ... identified as not Dr Alan Greenspan but rock band AC/DC, after the UK Guardian newspaper revealed the world goes into recession every time the aging rockers go on tour. Sending world stock markets into a tailspin, the aging pensioner rock band has just ... |
| | | | ... share market had lost more than one per cent at noon, moving below the four-year lows reached on Friday amid worldwide recession fears. The bourse was being dragged down by financial stocks and hampered by weaker crude oil prices and generally lower ... |
| | | | ... is inevitable given that the lifeblood of the economy - credit - is the one impaired. Further aches will come as the recession takes hold. Pain for the business sector is pain for the ordinary taxpayer. And in this world of global interdependence, pain ... |
| | | | ... November 2, 2004. NEW YORK - US stocks tumbled amid a panic-driven global market rout, on rising fears of a worldwide recession that will slam a wide range of industries. On Wall Street the Dow Jones Industrial Average slumped 312.30 points, or 3.59 ... |
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