European shares fell to their lowest close in more than five years on Friday as official data showed that Europe seemed to be plunging into recession and bearish company updates intensified investors’ fears. The FTSEurofirst 300 index of top European shares fell 4.9% to 829.73 points, its lowest finish since May 2003, having sunk as […]
Global Recession warns Economists
Poor economic data around the world and another international barrage of corporate profit warnings and job cut announcements intensified fears of deep global recession.The currencies are experiencing almost unprecedented volatility, oil and other commodities tumbled on fears of plummeting demand that would accompany a slowdown, and stock markets dropped from Tokyo to New York. The financial […]
Economy growth areas most vulnerable
THE past month has been a strange one for any economy and, as has been discussed during the past fortnight, business is increasingly looking to government for support. The Economic Summit which took place in Cardiff nine days ago has highlighted the main ways in which the Assembly Government can begin to support the business […]
Finding Stocks for a Recession
Investors are as worried about recession as the Federal Reserve is about inflation, and at the first signs of a slowdown, stock pickers and regular investors start thinking about how to protect their portfolio from the incipient slowdown. While a recession doesn’t necessarily mean all sectors perform poorly, it is a challenging time to hold […]
India to see zoom in unemployment rates
Fears of the global economic slowdown hitting employment have deepened as government has reported a deceleration in labour intensive segments in recent data. There has been deceleration in exports of labour intensive products, particularly textiles, leather, marine products, carpets, sports goods and handicrafts during 2007-08 as compared to the previous year. The situation is unlikely […]
Sensex slips below 10000
The benchmark lost 606 points, ending below the 10,000 mark at 9,975, as heavy selling surfaced in late trade. It is the lowest close for the Sensex since July 2006. The Nifty ended below the 3100 levels at 3074, down 194 points. This is also the lowest close of the broader index since July […]
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