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| | | ... targets dropped -- credit remains impaired as banks tighten lending standards and continue to hoard cash. And with the US economy in fast forward slowdown, lending will remain patchy. Businesses' credit ratings will be marked down as the outlook for ... |
| | | | ... further. Investors are worried that a severe pullback in consumer spending - which drives more than two-thirds of the US economy - will prolong a global economic downturn. In mid-afternoon trading, the Dow had shed 279.25, or 3.21 per cent, to 8,414.71. ... |
| | | | ... economic data, which came into a head at the end of the month following 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. ... |
| | | | ... while St George slipped 16 cents to $26.84. Overnight, Wall Street rose in a stable session despite data showing the US economy shrank in the third quarter. The Dow Jones closed up 189.73 points, or 2.11 per cent, to 9,180.69, while the Nasdaq was up ... |
| | | | ... the last quarter of that year, real GDP declined by 0.2 per cent. The latest figures take year-on-year growth in the US economy up by 0.8 per cent - the smallest annual gain since 2001 recession. Better-than-expected or not, more problems lie ahead. ... |
| | | | ... 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 per cent in the third quarter. Partial US indicators during the July-September period ... |
| | | | ... Assets Relief Program (TARP) would need replenishing in the not too distant future as other business sectors of the US economy cry out in pain. This time US insurance companies - mainly life insurers -- are holding their bowls in their hands, pleading ... |
| | | | ... negative impact on the US government's growing deficit. These are interesting times and in a span of just over a year, the US economy has learnt that Adam Smith's economic theory of laissez faire or the invisible hand is subject to abuse. Smith argued ... |
| | | | ... general meeting in New York. Yesterday, Australian shares fell nearly seven per cent amid investor fears the troubled US economy and global credit crisis would drag the world into recession. Resources stocks were hit hard on the back of lower commodity ... |
| | | | ... underscored this point remarking that, 'Virtually every major sector of the economy has been hit by the financial shock...The US economy appears to be in a recession.' The Dow Jones plummeted by 7.9 percent, the S&P 500 closed down more than 9 per cent ... |
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