Australia Records Third-Quarter Economic Growth of 0.2% from an Expansion of 0.6% in Q02 2009 Abu Dhabi Investment Authority Files Claim to Abort Agreement to Purchase USD 7.5B Worth of Citigroup Inc Shares UK Jobless Claims Fall by 6.3k to 1.63mm in November, First Decline Since February 2008 European Central Bank to Lend Banks EUR [...]
Australia’s Jobless Rate Falls to 5.7% in September from 5.8% in August, Exceeding Analysts’ Forecasts for a Rise to a 6-Year HI of 6% Alcoa Inc Posts Earnings Excluding One-Off Charges of USD 0.04 per Share, Trumping Analysts’ Expectations for a Loss per Share of USD 0.09 Lloyds Banking Group PLC Mulls GBP 15B (USD [...]
Organization for Economic Cooperation and Development (OECD) Sees Faster Global Recovery This Year, Anticipates Economic Contraction for G7 Nations of 3.7% in 2009 vs Prior Forecast of 4.1% European Central Bank Expected to Raise Economic Forecast and Hold Key Interest Rate at Record LO of 1% Following Today’s Meeting European Union (EU) Begins Probe into [...]
European Industrial Production plummeted 21.6% in April (year over year), its biggest decline on record, as the global downturn wiped out demand for the region’s goods. Month-on-month, production fell 1.9%, far exceeding economists’ projection for 0.4% decline. The report contrasts news from other economies, such as China, where industry output rebounded to 8.9% in April. [...]
The European Central Bank (ECB) has expressed a rather gloomy outlook for the eurozone economy for the year 2009. The Bank predicted that the countries’ economy will contract between 4.1% and 5.1% this year, worse than previously expected. In addition, the ECB announced that next month it would start to implement its “quantitative easing” policy [...]
Organization of American States (OAS) Ends Cuba’s Suspension After 47 Years, Outlines Conditions for Re-Entry Dealers Oppose Chrysler Llc’s Request to Terminate Franchise Agreements, Ruling Likely Today Wal-Mart Stores Inc to Create 22,000 New Jobs in 2009 as Part of Expansion Plan in the US Japanese Companies Cut Spending on Plant and Equipment by a [...]
- European Central Bank Cuts Interest Rates to 1% – Anheuser-Busch InBev Inc Finds Buyer For South Korean Unit – General Motors Corp Loses Another USD 6B