New orders to US factories plunged an additional ... The figures, which were far worse than the ... Separately, the number of workers continuing to seek...
Global growth will fall to its lowest level ... The report forecast that global growth will fall ... It said that the global financial crisis has ... He said: "We are witnessing an end to ... As consumers in developed markets save rather than ... The report underlines the economic relationship between developed...
The Bank of England's monetary policy committee on ... There was now “a weaker outlook for activity ... In what would be a major departure for ... Ian McCafferty, the CBI’s chief economic adviser, expressed ... Halifax confirmed that it would pass on the ... In a statement, the MPC said that it...
The European Central Bank has cut interest rates ... The ECB now expects a mild recovery in ... He warned that “we see global economic weakness ... Meanwhile, Eurostat, the European Union's statistics agency, on ... "Tensions have increasingly spilled over from the financial...
The US Federal Reserve's new snapshot of business ... The report noted decline in exports, consumer spending ... Separately, the purchasing managers’ index for the eurozone's ... "Economic activity weakened across all Federal Reserve districts," ... Meanwhile, service-sector activity in the US registered a...
Service-sector activity in the US registered a sharp ... The ISM’s employment index fell 10.2 points to ... The figures, which are far worse than the ... Moreover, the Federal Reserve’s “Beige Book” showed that...
The UK’s dominant services sector is contracting at ... The findings of the survey, which is published ... Separately, the purchasing managers’ index for the eurozone's ... The CIPS/Markit monthly survey of the sector hit ... Meanwhile, consumer confidence has dropped to its lowest...
UK companies are suffering more than they have ... Deposits at banks and building societies made by ... The annual growth in lending to non-financial firms...
US Treasury Secretary Henry Paulson is considering whether ... The GAO said the Treasury had yet to ... If he decides to seek the next $350bn, ... The move came as the Government Accountability Office, ... “Moreover, further actions are needed to formalise transition...
US Treasury Secretary Henry Paulson is considering whether ... The GAO said the Treasury had yet to ... If he decides to seek the next $350bn, ... The move came as the Government Accountability Office, ... “Moreover, further actions are needed to formalise transition...
Ben Bernanke, the chairman of the Federal Reserve, ... Bernanke said that additional interest rate cuts were ... Bernanke also tried to soothe worries that the ... Bernanke also called for more constraints vis-à-vis risk-taking ... “Although conventional interest-rate policy is constrained by the...
The slowdown in China’s manufacturing sector gathered momentum ... The index, which is based on a poll ... Zhang Liqun, a government economist at the CFLP,...
The US economy entered into a recession in ... "The committee determined the decline in economic activity ... The FTSE Eurofirst 300 fell 6%, while the ... The country’s manufacturing sector shrank at the fastest ... Following the news, the Dow plunged 7%, down ... Meanwhile, the eurozone manufacturing purchasing managers’ index also...
Global economic growth will slow to 1% next ... The study, titled World Economic Situation and Prospects ... The grim projections for next year are in...
The National Bureau of Economic Research, the official ... The NBER said that the current downturn met ... "We wait until we're sure that it is ... Meanwhile, the US manufacturing sector shrank at the ... The Dow Jones industrial average plunged almost 680 ... The FTSE Eurofirst 300 fell 6%, while the...
Ben Bernanke, the Federal Reserve chairman, on Monday ... "Economic activity appears to have downshifted in the ... Bernanke tried to stress other steps the Fed ... Bernanke also tried to soothe worries that the ... “Although further reductions ... are certainly feasible, at...