economy > world economy World economy Cuba could serve as model for protection of children's rights: UN official 21 November 2009 Belgian PM Herman Van Rompuy appointed first permanent president of EU 21 November 2009 Indian economy to almost equal US by 2050: study 21 November 2009 India has no expectations from Copenhagen summit 20 November 2009 US will commit reduction targets at Copenhagen: UN climate chief 20 November 2009 Global economy recovering on Asian growth: OECD 20 November 2009 UN food summit produces nothing nutritious 20 November 2009 UK retail sales bounce back in October 19 November 2009 US energy majors look to find succour in China’s sunshine energy sector 19 November 2009 Italy exits recession with GDP growth 0.6 per cent 16 November 2009 UN meet on global hunger opens sans G8 leaders 16 November 2009 Gold set to glitter even as dollar continues to remain weak 16 November 2009 Russian president vows to end protectionism 14 November 2009 Eurozone emerges from recession, UK still in coma 14 November 2009 APEC seeks to separate fiscal, monetary stimulus programmes 13 November 2009 Singapore pushes trans-Pacific alliance to drive APEC 13 November 2009 Hu calls for ending ‘unreasonable’ trade restrictions on developing economies 13 November 2009 Barak response awaited as APEC meets 13 November 2009 China to be world's top construction market in 10 years: study 13 November 2009 Australia offers $70 million more for joint research projects in India 12 November 2009 Japan, China may soon be out of recession 11 November 2009 Mexico joins other nations in WTO complaint on Chinese steel 11 November 2009 China’s economic growth accelerates in October 11 November 2009 India, Columbia sign bilateral investment promotion pact 11 November 2009 Rudd’s India visit – a bilateral opportunity 11 November 2009 Work begins on new highway connecting India-Nepal 10 November 2009 China seeks to conquer African resources with $10-billion soft loan 09 November 2009 India, Japan to expand cooperation in peace-keeping, anti-piracy and disaster relief 09 November 2009 Major economies show strong signs of economic recovery: OECD 09 November 2009 Gordon Brown asks G20 to consider a global tax on banks 07 November 2009 Number of closed banks in US rises to 120 in 2009 07 November 2009 UK car sales continue to rise in September on the back of scrappage scheme 07 November 2009 US government guarantees peaked $4.3 trillion: COP report 07 November 2009 Sino-US trade dispute flares up 06 November 2009 India, EU defer decision on free-trade; sign energy, trade pacts 06 November 2009 Bank of England pumps additional £25 billion to fight recession 06 November 2009 Asia to drive mining boom in Australia by 2012-13: think tank 06 November 2009 US to continue soft money policy for 'extended period' 05 November 2009 Monsanto opens biotech research center in China 04 November 2009 Globalised economy gives more than it takes: Anand Sharma 04 November 2009 Lloyds to raise £21 billion to escape UK government control 03 November 2009 CIT to file for bankruptcy; continue lending operations 03 November 2009 Small businesses lambast UK broadband policy for being “in a time warp” 03 November 2009 PMI rise signals strong manufacturing revival in Eurozone economies 02 November 2009 `US stimulus package created 640,000 jobs' 31 October 2009 Full economic recovery depends on global factors: Pranab 30 October 2009 No more development aid to China, India from Germany 30 October 2009 US economy rebounds with 3.5 per cent growth in Q3 30 October 2009 India, Nepal sign trade treaty; to clamp down on unauthorised trade 29 October 2009 Oil surges to $79 a barrel on dollar volatility 28 October 2009 US healthcare system wastes $700 billion a year: Thomson Reuters 28 October 2009 McDonald's to quit Iceland as Icelanders cannot afford Big Mac 27 October 2009 Russia, India, China trilateral meet ‘productive’ 27 October 2009 Dollar goes downhill on China reserves opinion report 26 October 2009 East Asia summit calls for networked Nalanda varsity 26 October 2009 US trade rep Kirk keen on bilateral tie-ups 26 October 2009 ASEAN bloc must tap into rise of India, China: Singapore 24 October 2009 ASEAN weighing an extended free-trade zone 24 October 2009 Nigeria cracks down on cyber crime, busts 18 syndicates 24 October 2009 Germany’s Merkel announces new centre-right coalition 24 October 2009 UK economy still reeling under recession, says ONS study 24 October 2009 US bank failures touch 106; highest since 1992 24 October 2009 Pay czar to order massive executive pay cuts at US bailout beneficiary firms 22 October 2009 Japan trade surplus at 18-month high 22 October 2009 US banks: back to profits... and bonuses 21 October 2009 Brown calls on rich nations to cut emissions 25 to 40 per cent by 2020 20 October 2009 Swiss may be more forthcoming on Indian slush fund details 20 October 2009 LV=, Royal Liver merger to create £10-billion mutual fund giant: report 19 October 2009 Iceland in new deal to repay UK and Netherlands for failed banks 19 October 2009 Bank of Japan says country's economy recovering 19 October 2009 China to curb over-capacity in sectors to even out growth 19 October 2009 FDI into China up 18.9 per cent in September 15 October 2009 Rio Tinto reports record iron ore sales in Q3 15 October 2009 French bank to repay €3-billion government aid 15 October 2009 Sharma calls for deeper India-US economic engagement 14 October 2009 Crude oil price hits a 1-year high above $75 a barrel 14 October 2009 China's exports, imports decline slows in September 14 October 2009 China car sales soar by 83.62 percent in September 14 October 2009 Pay czar Feinberg asks AIG to withhold bonus payments 14 October 2009 Recession in its last lap, says NABE survey 13 October 2009 WTO bats for employment-friendly trade reforms 12 October 2009 US Insurance industry cites increased cost to oppose healthcare reform 12 October 2009 China raises foreign funds investment limit on securities to $1 billion 12 October 2009 Lloyds mulls £11-billion rights issue 12 October 2009 UK government to announce £16-billion asset sale 12 October 2009 US August trade deficit narrows to $30.7 billion 10 October 2009 India slips to 38th in WEF's global financial centre ranking 09 October 2009 UK emerges as world’s leading financial centre 09 October 2009 Australian regulator asks Baosteel to resubmit application for Aquila Resources 09 October 2009 US jobless claims off to 10-month low at 521,000 09 October 2009 Asia to emerge focal point of global economy: HSBC chairman 07 October 2009 EU economy contracts more than expected in Q2 07 October 2009 A warmer, gentler IMF? 07 October 2009 Pranab calls for major reforms at IMF, World Bank 06 October 2009 China in plot with US allies to topple dollar in oil trades: report 06 October 2009 “Ditch dollar” report sends gold galloping 06 October 2009 China in plot with US allies to topple dollar in oil trades: report 06 October 2009 India to contribute to South-South experience exchange facility: FM 05 October 2009 Pranab elected as second vice-chair of G-24 nations 05 October 2009 India may participate in Black Sea -Red Sea pipeline project 03 October 2009 IMF raises global growth forecast to 3.1 per cent in 2010 03 October 2009 Pakistan may allow land transit between India and Afghanistan 01 October 2009 IMF lowers global loss estimates due to financial crisis to $3.4 trillion 30 September 2009 India, Russia to boost trade to $20 billion by 2015 30 September 2009 G20: How long will the cooperation hold? 30 September 2009 Switzerland exits `tax haven' list 29 September 2009 G20 replaces G8; developing nations gain clout in IMF, World Bank 26 September 2009 G20 leaders look to Doha round trade talks for action 26 September 2009 Global food production needs to increase 70 per cent by 2050: FAO 26 September 2009 Switzerland removed from OECD tax haven list 26 September 2009 US calls for 'balanced global economy' at G-20 summit 25 September 2009 Australian government under pressure to withdraw bank guarantees 25 September 2009 Merkel slams imbalances issue; asks G20 to focus on financial sector reform 24 September 2009 India to press for continuance of stimulus package at G-20 Summit 24 September 2009 US workers urge measures against Chinese coated paper imports 24 September 2009 Japan reports $2 billion trade surplus in August 24 September 2009 Russia, China to boost bilateral trade 24 September 2009 IMF to borrow $22 billion from Deutsche Bundesbank 23 September 2009 Manmohan slams protectionism, seeks greater say for emerging economies 23 September 2009 Global advocacy group highlights economic consequences of bias against women's education 23 September 2009 Bank of America to pay back federal aid 22 September 2009 India to press for global financial sector reforms at G20m summit 22 September 2009 Switzerland braces for flood of appeals from UBS American clients 22 September 2009 BIS sounds note of caution on market rebound 22 September 2009 JP Morgan may takeover alliance with Cazenove 22 September 2009 Obama vows to fight reckless risk-takers to stabilise market 19 September 2009 IMF to sell 403 tonnes of gold to boost lending resources 19 September 2009 UK finally grants its first £10-million auto loan 19 September 2009 Developing countries pushing WTO agenda: Pascal Lamy 18 September 2009 Canada may replace Australia as China’s favourite investment destination: study 17 September 2009 UK unemployment rate hits 14-year high 17 September 2009 WPP report shows significant shift in consumer behaviour 17 September 2009 US toxic assets finds first buyer 17 September 2009 ArcelorMittal sees demand for steel in India and China rising 16 September 2009 OECD unemployment seen hitting 10 per cent next year 16 September 2009 Iran prods India to rejoin IPI gas pipeline project 16 September 2009 Citigroup mulls cutting government stake 16 September 2009 Recession almost over, a year after Lehman collapse: BoE, Fed Reserve 16 September 2009 Prince Charles' foundation asked to answer lobbying allegations 15 September 2009 EU expects economic recovery in second half of 2009 15 September 2009 UAE may allow 100 per cent foreign investment 14 September 2009 US car sales slow down post Cash for Clunkers program 14 September 2009 Norman Borlaug: the man who fed a hungry world 14 September 2009 Majority of UK public favours renationalisation of railways: poll 14 September 2009 Unions to oppose deep cuts in public services in UK 14 September 2009 Top UK executives get handsome pay hikes even as companies cut costs 14 September 2009 We are still in the economic crisis: IMF chief 14 September 2009 US to slap high tariffs on Chinese tyres; China calls it protectionism 12 September 2009 Geithner defends TARP; cautious on economic recovery 12 September 2009 OECD sees signs of broad economic recovery 12 September 2009 Former Taiwanese president Chen gets life term for corruption 11 September 2009 Australian federal court approves Viterra's acquisition of ABB Grain 11 September 2009 China's imports, exports tumble again in August 11 September 2009 US home foreclosures remain at record levels in August 10 September 2009 India's exports down 19.7 per cent in August 10 September 2009 India lags Pakistan, Bangla Desh, Nepal in ease of doing business: World Bank 10 September 2009 Federal Reserve survey optimistic about US economy 10 September 2009 US taxpayers likely to lose money on auto bailouts, says panel 10 September 2009 China to allow foreign-invested companies to list 09 September 2009 United at last, but for how long? 09 September 2009 Chinese ODI rises to $55.9 billion in 2008 09 September 2009 Goldman Sachs to advise RBS on sale of aviation leasing arm 09 September 2009 Greenspan warns of double-digit inflation if monetary expansion is not curbed 08 September 2009 Switzerland replaces US at top of WEF competitiveness rankings 08 September 2009 Import of sensitive items up over 40 per cent in Q1 2009-10 08 September 2009 Rise in job ads in Australian media seen as sign of economic revival 08 September 2009 Chinese firms outperform US rivals in 2008: survey 07 September 2009 BCC warns UK of economic relapse and credit rating downgrade 07 September 2009 G20 ministers agree to keep stimulus programmes going until full recovery 05 September 2009 Working US families turning to government free food stamps 05 September 2009 India ready to lend up to $10 billion to IMF: Mukherjee 05 September 2009 Battered and bruised, healing isn't quite over 05 September 2009 UK car scrappage scheme boost sales in August 05 September 2009 IMF chief warns of sluggish global recovery 05 September 2009 Drivers buffeted by recession: IBM "commuter pain" survey 04 September 2009 Delhi trade talks fail to show the way forward 04 September 2009 OECD predicts early recovery from recession 04 September 2009 Obama to address joint session of Congress on health reform 04 September 2009 Sharma calls for greater engagement to re-energise world trade talks 03 September 2009 HSBC announces five new PMIs, to create first emerging markets index 03 September 2009 Hard decisions unlikely at Delhi WTO mini-meet 02 September 2009 Despite deficit Australia signals recovery 01 September 2009 Japan's Democratic party discusses new ministry to oversee recovery 01 September 2009 US Fed makes $14 billion from bailouts: report 01 September 2009 China's manufacturing expands 54 per cent in August 01 September 2009 WTO allows $295 million Brazilian sanctions against US cotton subsidies 01 September 2009 India not to concede ground on agriculture at WTO meet 31 August 2009 UK may pledge additional $11billion to IMF 31 August 2009 Global steel industry shows signs of recovery: WSA 31 August 2009 France extracts names of 3,000 French tax evaders from Switzerland 31 August 2009 IMF allocates $250 billion in SDRs to members 31 August 2009 Elderly in UK risking health as rising prices force cutbacks in heating costs: Study 29 August 2009 China overtakes Germany as the world’s largest exporter 29 August 2009 Iceland to repay Icesave’s £3.5 billion debt to UK and Netherlands 29 August 2009 UBS study ranks Zurich and Geneva world’s most employee friendly cities 28 August 2009 After the US, now France breaches Swiss banking secrecy 28 August 2009 FDIC puts 416 US financial institutions on ‘troubled banks’ list 28 August 2009 Japan’s jobless rate hits new high at 5.7 per cent 28 August 2009 Not doom and dismay everywhere 27 August 2009 US Postal Service plans golden handshake for 30,000 26 August 2009 US deficit projected at $1.6 trillion 26 August 2009 Bernanke gets a second term as Fed chief 25 August 2009 India banking on a rainbow coalition for rule-based trade regime: Sharma 25 August 2009 Obama likely to extend Bernanke’s term 25 August 2009 FTAs emerge as prime movers of international trade with WTO talks in limbo 24 August 2009 ASEAN deal not a sell-out, says Pranab 24 August 2009 UK recession 'over' as business confidence jumps: study 24 August 2009 Business confidence rising in the UK 24 August 2009 Corus and ArcelorMittal to restart some idled plants 24 August 2009 Fairfax Media posts $380 loss in earnings 24 August 2009 Macquarie Countrywide posts $1.43 billion annual loss 24 August 2009 India signs fresh free-trade pact with Nepal 24 August 2009 Markets zoom as Bernanke signals recovery hopes; Trichet cautious 22 August 2009 Delinquency rate for US mortgage loans rises to a record high in Q2 21 August 2009 China to tighten bank capital rules: report 21 August 2009 Survey ranks Harvard, Princeton Universities as No.1 in US 21 August 2009 Australia tries to play down rift with China 21 August 2009 Mixed signals on US economy; LEI rises but job market down 21 August 2009 Australia calls its ambassador to China for urgent summit 20 August 2009 Buffet warns of side effects of big ticket spending 20 August 2009 Democrats may push health care bill sans Republican support 20 August 2009 Investor optimism at six-year peak: Merrill Lynch survey 19 August 2009 India’s purchase of US securities on the rise 19 August 2009 China sheds weight in US Treasury holdings 19 August 2009 India-Canada to boost economic relations 19 August 2009 China advances $1 billion to Ecuador for two-year oil supply 19 August 2009 Two Chinese companies make it to Fortune's top-10 list 19 August 2009 US manufacturing index posts first growth in a year 18 August 2009 India's July exports fall 26 per cent; imports down 35 per cent 18 August 2009 Almost 90 per cent of US dollar bills have traces of cocaine 18 August 2009 US authorities to get names of 4,500 account holders of UBS 17 August 2009 IMF governors approve $250 billion SDR allocations 17 August 2009 Nigeria injects $2.6 billion into five failed banks, sacks CEOs 17 August 2009 China’s Exim bank signs $350 mllion deals to develop infra-facilities in Sri Lanka 14 August 2009 UK ministers at loggerheads with FSA over bankers' bonuses 14 August 2009 Germany, France drive Euro-zone recovery 14 August 2009 India - ASEAN free trade pact signed 13 August 2009 ING back in the black; expects market turbulence to continue 13 August 2009 IEA raises oil demand forecasts for 2009, 2010 13 August 2009 Russia’s GDP continues to shrink; no early recovery seen 12 August 2009 Obama takes government stand on healthcare public 12 August 2009 UK economy to shed 3.3 million jobs in 2010 despite recovery: Reports 11 August 2009 Japan's core machinery orders surge 9.7 per cent 10 August 2009 Japan’s June current account surplus surges 144.4 per cent 10 August 2009 Liquidations and individual insolvencies soar in UK in Q2 10 August 2009 IMF loan to Pakistan reaches $11.3 billion 10 August 2009 IMF approves $3.2 billion loan to Pakistan 10 August 2009 Australia to review its international education programme 08 August 2009 Royal Bank of Scotland posts first-half loss, sees no early upturn 08 August 2009 Regulators close 3 more banks in US; 2009 tally climbs to 72 08 August 2009 Global M&A activity down 38 per cent amidst downturn 08 August 2009 India, S Korea sign wide-ranging trade pact 07 August 2009 Europe hit by falling PC sales 07 August 2009 UK study moots incentives to retain skilled migrants 07 August 2009 UK car sales hint at recovery despite recession 07 August 2009 Morgan Stanley buys back TARP warrants for $950 million 07 August 2009 BoE pumps in extra £50 billion for asset purchases 07 August 2009 Four Brazilian companies enter top 50 in the American continent: study 06 August 2009 US job losses till July reach 6.5 million 06 August 2009 Service, manufacturing sectors lift UK recovery hopes 06 August 2009 Australian consumer, business confidence rises as economy looks up 05 August 2009 Recession-proof Industries 04 August 2009 US GDP shrinks 1 per cent in the second quarter 01 August 2009 China economic growth accelerates as manufacturing expands 01 August 2009 Five more US banks go belly up; 2009 tally at 69 01 August 2009 China to continue pursuing loose monetary policy to spur recovery 30 July 2009 Japan's April-June industrial production growth zooms to 8.3 per cent 30 July 2009 Senate to probe Goldman Sachs, Deutsche: report 30 July 2009 Temasek portfolio value shrinks by $27.75 billion; seeks outside capital 30 July 2009 IMF turns borrower; signs deal with Japan, Canada and Norway 29 July 2009 ArcelorMittal reports $0.8 billion Q2 loss 29 July 2009 US, China hold key to global future: Obama 29 July 2009 Viacom optimistic despite slump in revenues, net profit 29 July 2009 India better placed than developed nations in `Happy Planet Index' 28 July 2009 Obama hails US, China relationship 28 July 2009 IMF extends $2.6-billion loan to Sri Lanka 27 July 2009 Emerging economies seen back in the growth path by 2011 24 July 2009 UK economy continues to slide amidst downturn 24 July 2009 Bitter draught: 52 UK pubs closing down every week 23 July 2009 IMF plans to inject $250billion into global economy 23 July 2009 India close to pact with ASEAN, says Krishna 23 July 2009 Lamy sees an Asia-led recovery as world trade expected to contract 10 per cent 22 July 2009 Aso likely to be ousted as Japan prepares for polls 21 July 2009 APEC vows to fight protectionism, eyes world trade deal 21 July 2009 IMF warns UK as debt reaches 100 per cent of GDP 20 July 2009 Sony Ericsson Q2 net loss at $299 million, forecast market to contract by 10 per cent 17 July 2009 IMF ups global economic growth forecast to 2.5 per cent 16 July 2009 China's June CPI falls 1.7 per cent; PPI declines 7.8 per cent in June 16 July 2009 China's industrial output records a double-digit growth of 10.7 per cent in June 16 July 2009 China’s economy on the recovery path with 7.9 per cent GDP growth in Q2 16 July 2009 Japan’s central bank maintains interest rates 15 July 2009 Rudd warns China over Rio tinto detention 15 July 2009 US government plans tax on wealthy Americans to foot health-care costs 15 July 2009 Bowing to regulation 15 July 2009 China’s foreign exchange reserves rise to a record $2.13 trillion 15 July 2009 Russia predicts further slump, but recovery next year 15 July 2009 Russia predicts further slump, sees recovery next year 14 July 2009 US deficit set to hit $2 trillion 14 July 2009 India, other countries want developed world to agree to 40 per cent emission reduction by 2020 13 July 2009 G8 proposes $20 billion food safety initiative for poor nations 11 July 2009 Tax row may damage UBS's reputation, say experts 11 July 2009 No currency to replace dollar for now, says RBI governor 11 July 2009 G8's NPT stance may undermine nuclear supplies to India 11 July 2009 US plans bailout of small businesses to prop growth, employment 11 July 2009 Italian PM wants G14 to resolve global crisis 10 July 2009 China softens stand on India’s demand for UNSC seat 10 July 2009 German exports fall 24.5 per cent in May 09 July 2009 IMF raises growth projections for Asian economies 09 July 2009 El Nino weather pattern developing slowly, but surely 09 July 2009 G8 Summit: India says ready to discuss dollar status 08 July 2009 Vatican finances tumble amid economic slowdown 08 July 2009 PM calls for concerted and well-coordinated global response to slowdown 07 July 2009 China’s first cross-border yuan settlement done by Bank of China 06 July 2009 US jobless rate jumps to 26-year high; 467,000 jobs lost in June 03 July 2009 China seeking broader global currency system : reports 02 July 2009 China’s overseas direct investment may not surpass FDI 02 July 2009 European Central Bank likely to leave euro zone rate at 1 per cent 02 July 2009 Dining and entertainment stay as top spending priority: MasterCard survey 02 July 2009 MasterCard survey: regional statistics for consumer spend 02 July 2009 US June manufacturing index in negative territory 02 July 2009 Aussie government outlines $60-billion defence programme 02 July 2009 China's June - PMI of manufacturing sector improves to 53.2 per cent 01 July 2009 Asia to benefit most from US recovery, says CLSA’s Morrison 01 July 2009 Pakistan, China ahead in the Failed States Index 30 June 2009 Oil hits an eight-month high above $73 a barrel 30 June 2009 Eurozone economy shows early signs of improvement, still in contraction mode 30 June 2009 The Queen is broke, says Buckingham Palace 30 June 2009 Japan’s May industrial output up 5.9 per cent 29 June 2009 South Africa looks to India, emerging economies, for strategic partnership 27 June 2009 Chinese manufacturers profits decline 23 per cent 26 June 2009 Reform UN and its agencies for global economic revival, says India 26 June 2009 AIG plans IPO of arms to repay $25 billion debt 26 June 2009 Corus to shed another 2,045 jobs 25 June 2009 US-EU file complaints against China with WTO 25 June 2009 OECD optimistic on economy; sees ‘weak recovery’ by 2010 25 June 2009 US durable goods orders rise in May; Fed keeps rates unchanged 25 June 2009 Japan’s May exports down 40.9 per cent 24 June 2009 World entering slow-growth era: World Bank 23 June 2009 Rs1 trillion worth new orders expected: Siemens 22 June 2009 Russia and China sign $100-billion deal of the century 20 June 2009 IMF more optimistic about global economy recovering 20 June 2009 Households in UK better off than a year ago: Ernst & Young 20 June 2009 Great Recession to just another regular recession? 19 June 2009 Cabinet approves India-Denmark MoU on labour mobility 19 June 2009 US Senate panel opposes giving more teeth to Federal Reserve 19 June 2009 UK economy starts stabilising, says BoE governor 18 June 2009 US reform raises China's hope of its investment security 18 June 2009 World Bank raises China's GDP growth to 7.2 per cent in 2009 18 June 2009 PM proposes a BRIC joint business forum 17 June 2009 China’s May economic data discrepancy, suggest industry restructuring 17 June 2009 US May 'housing starts' rise 17.2 per cent 17 June 2009 UPS chief Scott Davis slams increasing protectionist sentiment 17 June 2009 Manmohan Singh calls for greater India-SCO cooperation 16 June 2009 China earmarks $10 billion for lending to Russia, other SCO members 16 June 2009 Expand SDR basket to include yuan, gold: Russia 16 June 2009 Crude oil rises again after brief slump 16 June 2009 Detroit Summit leaders optimistic on economic recovery 16 June 2009 China’s FDI dips 17.8 per cent YoY to $6.38 billion in May 16 June 2009 Obama to unveil financial reforms plan tomorrow 16 June 2009 Too early to talk of unwinding stimulus action, says IMF chief 15 June 2009 India stands by global efforts to overcome economic crisis: Manmohan 15 June 2009 China's consumer goods retail sales rise 15.2 per cent in May 15 June 2009 G8 wants to get out of the stimulus pit, looks at IMF 13 June 2009 China's new yuan-denominated loans reach $97.29 billion in May 13 June 2009 China's May industrial output improves, grew 8.9 per cent 12 June 2009 China eases forex rules for overseas investment 12 June 2009 Marginal rise in Aussie jobs losses belies analysts’ projections 12 June 2009 WB president Zoellick projects bleaker than expected economic prospects for 2009 12 June 2009 US plans new rules to check corporate bonuses 11 June 2009 Light at the end of the recession tunnel Down Under? 11 June 2009 Oil moves above $71 a barrel; hits an 8-moth high in Asian trade 11 June 2009 China's May CPI falls 1.4 per cent, PPI declines 7.2 per cent 10 June 2009 Doha Round prospects brighten as US-India call for resumption of talks 10 June 2009 BNP leader Griffin gets egg-shelled at press meet 10 June 2009 World Bank president Zoellick bullish on China, warns against protectionism 09 June 2009 USIBC summit to unveil America’s India policy 09 June 2009 China raises tax rebates for the seventh time to boost exports 09 June 2009 US government to name banks that can repay TARP money 09 June 2009 Japan's April current account surplus down 54.5 per cent 08 June 2009 Four Gulf states sign pact on monetary union 08 June 2009 Yuan could be reserve currency in 10 years, says Russian finance minister 06 June 2009 World Bank approves $782 million support package for Nepal 06 June 2009 German economy in sharp recession: Bundesbank 06 June 2009 Crude oil surges to $70 and retreats 06 June 2009 US regulator may ask Citi's Vikram Pandit to go 05 June 2009 US retail sales worsen in May 05 June 2009 ECB sees Euro zone recovery by mid-2010 05 June 2009 Australia’s economy resists recession, records 0.4 per cent GDP growth 05 June 2009 New car sales in UK plunges further in May 04 June 2009 India-MERCOSUR preferential trade agreement comes into effect 04 June 2009 EU earmarks €19-billion for job creation 04 June 2009 Japan’s overseas lending arm JICA back in business 04 June 2009 Temasek loses $850 million in ill-timed Barclays stake sale 04 June 2009 Prepare for a return to business growth, despite recession: Gartner 03 June 2009 Economic crisis adds 100 million to South Asia's hungry: UNICEF 02 June 2009 EU unemployment at highest in a decade 02 June 2009 US, China want dollar to remain reserve currency: Geithner 02 June 2009 China changes economic tune during Geithner’s visit 02 June 2009 Russian banks will require $40 billion extra capital: Moody's 01 June 2009 China's May manufacturing sector PMI at 53.1 per cent 01 June 2009 Japan’s April core consumer prices fell 0.1 per cent year on year 30 May 2009 Dubai slashes business fees by 30 per cent for investors 30 May 2009 Eurozone’s May inflation lowest since 1997 30 May 2009 UK government's car scrappage scheme a hit 29 May 2009 ILO raises 2009 global unemployment forecast to 239 million 29 May 2009 Oil hits six-month high as OPEC refuses to hike output 29 May 2009 UN says world economy to shrink 2.6 per cent in 2009 29 May 2009 HP to axe 5,700 jobs in Europe 29 May 2009 Tata Motors unveils its world truck models 28 May 2009 Recession sting continues to grip UK retail sales 28 May 2009 Santander rebranding UK banks to save £180 million a year 28 May 2009 Germany’s May inflation turns negative for first time in 22 years 28 May 2009 BHP Billiton CEO discounts early signs of recovery 28 May 2009 Russia plays spoiler, exceeds Saudi oil output 28 May 2009 OPEC to mantain oil cutbacks even as demand picks up 28 May 2009 UK’s Jessops tells investors stock value has turned worthless 28 May 2009 Women entrepreneurs in Australia positive in downturn: Telstra survey 27 May 2009 Japan’s April trade surplus at 68.95 billion yen, exports down 39.1 per cent 27 May 2009 Dubai leads global property slump 27 May 2009 Australia tops in beating economic downturn 27 May 2009 Consumer confidence in US beats forecast; rises sharply 26 May 2009 Siemens to lay off 850 in Austrian software division 26 May 2009 GDP in the OECD area declines 2.1 per cent in Q1 2009 26 May 2009 Japan lines up $3-billion loan package for small overseas Japanese firms 26 May 2009 Loan sharks makes a comeback in recession-hit UK 26 May 2009 New Russia-Ukraine gas war in the pipeline 26 May 2009 New US dairy subsidy raises hackles in Australia, New Zealand 26 May 2009 UK businesses see green shoots of recovery, says survey 26 May 2009 New Toyota Prius to debut US market by end May 26 May 2009 Recession claims two more US banks from Illinois 25 May 2009 Mexico will lose 700,000 jobs in 2009, says industry body 23 May 2009 Honda workers opt for pay cuts in show of solidarity 23 May 2009 Australian scientists use satellites to boost whale conservation efforts 22 May 2009 Chinese banks face increased risks of bad loans 22 May 2009 FDIC bails out one more bank to take tally to 34 this year 22 May 2009 House panel deletes India reference in Pak aid bill 21 May 2009 Taiwan’s economy hits new low, but upturn expected 21 May 2009 Loss-making Sony to slash suppliers, consolidate units 21 May 2009 US government may rescue GMAC again with $7.5 billion bailout 21 May 2009 Mazda Motor Corp to resume full production at its plants 21 May 2009 Deere’s Q2 profit falls but farm equipment market remains strong 21 May 2009 Bank of America chief predicts slow recovery and growth ahead 21 May 2009 Tata Steel holds off plan to sell Teesside plant in UK 21 May 2009 Japan's GDP shrinks 15.2 per cent in January-March 2009 20 May 2009 China’s foreign assets jump to $2.92 trillion in 2008 20 May 2009 Inflation in UK falls to lowest since 1948 20 May 2009 Vodafone posts 45 per cent profit loss in Q1 20 May 2009 JSW Steel likely to shut down Texas plant 19 May 2009 Low prices could have closed half of China's iron ore mines 19 May 2009 China confident of achieving 8 per cent economic growth 19 May 2009 Kleenmaid directors may face insolvent trading charges 19 May 2009 American Express once again slashes jobs as customer defaults rise 19 May 2009 AIG plans to spin off Asian arm to repay Treasury money 19 May 2009 Tatas’ Jaguar-Land Rover may get UK bailout after all 18 May 2009 Europe’s estimated GDP to decline 2.5 per cent in 1Q - Eurostat 16 May 2009 After Sony, Panasonic posts $4.68 billion annual loss 16 May 2009 German economy records biggest contraction since 1990 in Q1 2009 15 May 2009 Schwarzenegger threatens to sell California’s iconic properties 15 May 2009 Auto industry woes drive up US unemployment rate 15 May 2009 Lehman mulls spinning off assets: WSJ 14 May 2009 Latin American markets drive Telefonica’s strong Q1 showing 14 May 2009 Australia mulls legislation to bail out Ford Credit 14 May 2009 Decline in US retail sales cast shadow on Wall Street 14 May 2009 China to consolidate nonferrous metals industry 13 May 2009 Fortescue dismisses Shanghai listing buzz 13 May 2009 Aussie media group downgrades 2009 profit forecast by 28 per cent 13 May 2009 Japan's current account surplus down 48.8 per cent in March YoY 13 May 2009 Stobart Group posts strong results, plans Carlisle airport acquisition 13 May 2009 IMF projections point to worsening Euro economies till mid 2010 13 May 2009 China's April industrial output grows at 7.3 per cent, lower than March’s 8.3 per cent 13 May 2009 JSW Steel to hang on to its US units 13 May 2009 Australian budget deficit at A$58 billion; sharp recovery expected by 2015 13 May 2009 US trade deficit in March zooms to $27.6 billion 12 May 2009 China’s exports plunge, investment surges amid mixed cues 12 May 2009 Tata Steel UK to prepay £200 million debt 12 May 2009 OECD sees economic slowdown continuing 12 May 2009 Nissan reports ¥233.7 billion loss for FY09, projects net loss of ¥170 billion for FY2010 12 May 2009 Bernanke optimistic on positive signs 12 May 2009 BHP Billiton cuts 240 jobs, suspend Leinster nickel operation in Western Australia 12 May 2009 China’s April CPI down 1.5 per cent, PPI down 6.6 per cent, may avoid deflation 12 May 2009 JLR's immediate plans in place, future may be difficult 12 May 2009 New car sales plunge again in April in UK 12 May 2009 Analysts discount fears over deflationary trends in China 11 May 2009 HSBC reports 'encouraging' 1Q results 11 May 2009 IMF predicts 2.6 per cent GDP growth for Middle East, North Africa 11 May 2009 Westsound takes number of failed US banks in 2008 to 33 09 May 2009 BoE's £50 billion cash injection reflects looming crisis: report 09 May 2009 Shareholders sue Sun over Oracle deal 09 May 2009 McDonald's beats trend; sales up in April 09 May 2009 Wipro’s Premji tells US to avoid protectionism 08 May 2009 UK business lack vision to employ highly-skilled: report 08 May 2009 Aussie government moves to tighten margin lending regulations 08 May 2009 Anti-dumping investigations: India launches the most; China investigated the most, says WTO 08 May 2009 Obama trims budget to save $17 billion 08 May 2009 US losing less jobs now, says report 07 May 2009 China central bank assures "ample" liquidity to sustain economic recovery 07 May 2009 European Central Bank cuts key rate to 1 per cent; BoE boosts liquidity 07 May 2009 UK government dictates terms for JLR loan 07 May 2009 Tata Motors rejects Jaguar Land Rover loan guarantee terms 07 May 2009 Despite price slump, Santos plans A$1.5 billion oil exploration investment in 2009 07 May 2009 Stress test shows BankAm may need $34 billion to stabilise operations 07 May 2009 Blackstone trims losses to $232 million in Q1 07 May 2009 Australia records $19.3-billion consumer spending in March quarter, avoids recession 06 May 2009 Bernanke sees signs of recovery amid positive cues 06 May 2009 Obama to crack down on US corporates using tax havens 06 May 2009 Buffet blasts government ‘stress tests’ on US banks 06 May 2009 Australia leaves interest rates untouched at 3 per cent 06 May 2009 Slump hits job ads in Australian papers, net 05 May 2009 Obama to announce new overseas tax proposals 04 May 2009 China, Japan , South Korea to form $120-billion emergency fund 04 May 2009 ADB, China Eximbank in $3 billion cofinancing agreement 04 May 2009 Economic growth in Asia Pacific to rebound in 2010: ADB 04 May 2009 Fed extends bailout programme to commercial real estate 02 May 2009 Amid April decline US automakers see revival signs 02 May 2009 German economy to contract 6 per cent in 2009 02 May 2009 ADB more than triples capital to $165 billion 30 April 2009 Time Warner posts moderate losses 30 April 2009 US GDP shrinks by 6.1 per cent in FQ 30 April 2009 Defection may give Obama a dream majority 30 April 2009 Australia confident of faster recovery discards IMF's forecast of slow recovery 29 April 2009 Environment initiative will hit economy, jobs warn Australian industry leaders 29 April 2009 Lenders likely to bail out Chrysler: reports 29 April 2009 China, US companies sign contracts worth around $16.3 billion in Chicago 29 April 2009 UK treasury loses £17 million due to high beer tax, plunging sales 28 April 2009 Deutsche Bank swings to a 1.2 billion net profit in Q1 2009 28 April 2009 Citi, Bank of America told to boost capital: report 28 April 2009 China signs trade deals worth $10.6 billion with US 28 April 2009 Japan unveils supplementary budget of ¥15.4 trillion 28 April 2009 G-20 finance ministers call for more aid to poor countries 27 April 2009 China sees an 8 trillion yen loan surge in 2009 27 April 2009 Closed markets won't solve economic crisis: Lamy 25 April 2009 Recession claims 4 more banks in the US; 2008 tally reaches 29 25 April 2009 No more wasteful spending, says Obama 25 April 2009 BRIC not to boost IMF capital without voting rights 25 April 2009 Britain's GDP shrinks 1.9 per cent in first quarter 25 April 2009 New swine flu kills 70 in Mexico; spreads to US 25 April 2009 Clean up banking system, for global recovery says IMF managing director 24 April 2009 World Bank to invest $45 billion in infrastructure projects in developing nations 24 April 2009 G-20 meeting in New York to review progress on financial front 24 April 2009 US senators move amendments to make H-1B and L1 visas tougher 24 April 2009 US publisher MCClatchy sinks deeper into red 24 April 2009 IMF doubles borrowing limit for low-income countries 24 April 2009 Caltex Australia plans to buy more oil refineries 24 April 2009 Japan’s deficit at precarious level: IMF 23 April 2009 IMF again slashes global growth forecasts 23 April 2009 Japan registers its first trade deficit in 28 years 22 April 2009 Deflation may add to Britain’s economic woes 22 April 2009 Bank write-downs to touch $4.1 trillion, says IMF 22 April 2009 UAW to lobby White House in GM, Chrysler negotiations 21 April 2009 Australian economy in recession: Australian central bank governor 21 April 2009 Suspected crimes in bailout plan add to US Treasury Department’s woes 21 April 2009 US Pepsi reports 9 per cent decline in revenue 21 April 2009 Tesco set to post healthy growth figures despite downturn 21 April 2009 UK 2009-10 Budget: Govt borrowings to surge 11 per cent of GDP 21 April 2009 US, European auto majors look to recoup in Chinese market 21 April 2009 GM to shed 1,600 salaried workers in next 10 days 20 April 2009 Bank of America reports encouraging Q1 results 20 April 2009 Auto bankruptcy will worsen the economic crisis 20 April 2009 ExxonMobil caps Wal-Mart; Nooyi remains on top in Fortune list 20 April 2009 Infineon seeks government gurantees for 900 million euro bond issue: report 20 April 2009 Toshiba expecting record losses sheds 3,900 more jobs 20 April 2009 Singapore Exchange to launch world’s first OTC iron-ore swap clearing 20 April 2009 Delta pulls back call-centre jobs from Wipro 20 April 2009 IMF sanctions $47 billion loan to Mexico 20 April 2009 China calls for close monitoring of reserve currencies 18 April 2009 MGM Mirage struggles to keep Vegas Strip project afloat 18 April 2009 UN adds 100 million people to ‘new hungry’ list 18 April 2009 Two more US banks fail; year's tally reaches 25 18 April 2009 UN adds another 100 million people to ‘new hungry’ list 18 April 2009 Woolworths surges ahead on strong Q3 performance 18 April 2009 Australia' Commonwealth Bank cuts executive salaries, freezes pay rise 18 April 2009 Brown, Mandelson reiterate support to UK digital revolution 18 April 2009 Chrysler management writes to Canadian workers union to resolve pay dispute 18 April 2009 British oil major BP brushes aside investor discontent to award executives bonuses 18 April 2009 Australian exporters feel the crunch as price index slumps 18 April 2009 Sony Ericsson to cut 2,000 jobs after posting $384 million Q1 loss 17 April 2009 Citigroup reports $1.6 billion profit, $25 billion revenue in Q1 17 April 2009 International donors pledge $5 billion aid for Pakistan 17 April 2009 Eurozone industrial output slumps record low 17 April 2009 Russia’s forex reserves dip to $383.9 billion 17 April 2009 SABMiller Q4 sales fall short of estimates 17 April 2009 North America’s biggest newsprint manufacturer AbitibiBowater files for bankruptcy 17 April 2009 China's first quarter GDP at 10-year low 16 April 2009 No.2 mall operator in the US files for bankruptcy 16 April 2009 Nokia reports 90 per cent drop in quarterly profit, in line with expectations 16 April 2009 Jindal Stainless warns of first annual loss in FY'09 16 April 2009 Wal-Mart CEO sees no sharp upturn in economy 16 April 2009 US industrial output falls to 10-year low in March 15 April 2009 More job cuts possible at Yahoo 15 April 2009 Japan’s Aeon records consolidated net loss of $27.6 million, forecast profit for 2009-10 15 April 2009 Message to media: ad scenario remains bleak 15 April 2009 Brown may push green budget to spur recovery 15 April 2009 UBS to axe 8,700 jobs amid expected $1.7-billion Q1 loss 15 April 2009 Germany bans cultivation of Monsanto GMO maize 15 April 2009 Poland seeks $20.5 billion credit from IMF 15 April 2009 Bernanke optimistic on recovery; worried over inflation 15 April 2009 Opinion polls support Obama 15 April 2009 Obama warns of more job losses, foreclosures 15 April 2009 ArcelorMittal idles another plant in the US and lays off 400 15 April 2009 Genetic engineered crops fail to significantly boost yields 15 April 2009 China, Kazakhstan to seal $10 billion loan-for-oil deal 15 April 2009 Goldman sells $5 billion stock to repay bailout loan 14 April 2009 Philips posts 59-million euro Q1 loss 14 April 2009 Singapore economic outlook worse than forecast 14 April 2009 Election expenses: A California story 14 April 2009 Surge in Chinese metals demand not a sign of revival: experts 14 April 2009 US lifts Cuba travel sanctions, curbs on telecom links 14 April 2009 Kleenmaid collapse leaves thousands in lurch 14 April 2009 Aussie infrastructure firm BrisConnetcions unit holders to vote on winding-up 14 April 2009 Indians corner nearly 38 per cent of H1-B visas in 2008: report 13 April 2009 End of the road for General Motors? 13 April 2009 Top Aussie corporates face A$25-billion superannuation shortfall 13 April 2009 Switzerland put on OECD 'grey list', plans to hit back 13 April 2009 Harvard enrollments rise despite economic slump 13 April 2009 British Telecom to cut 10,000 more jobs; slash dividend: report 13 April 2009 Santa Claus also hit by recession 13 April 2009 Japan's second-largest retailer, Aeon, likely to record first net loss in seven years 13 April 2009 First Niagara declares healthy Q1 results, plans stock offering to repay TARP funds 13 April 2009 China eyes fresh stimulus to jumpstart economy 13 April 2009 China extends $25 billion to boost ties with ASEAN 13 April 2009 Zimbabwe withdraws useless Rand, makes US dollar legal tender 13 April 2009 Iraq war to cost more than Vietnam war 11 April 2009 Fed asks banks to keep mum on stress test results 11 April 2009 US recession to end by September, but unemployment to rise: Economists 11 April 2009 50 per cent of laid-off US workers get new jobs: report 09 April 2009 US steel makers, union file anti-dumping case against China 09 April 2009 Let the building begin 09 April 2009 Japnaese corporate bankruptcies surge to a six-year high 09 April 2009 Citic Pacific chairman resigns following police raid 09 April 2009 Chinese revival may start this year: World Bank 09 April 2009 Broke Europe finds wine losing its flavour 09 April 2009 Japan links consumer subsidies to purchasing green products 08 April 2009 India-made steel invites protest in Obama's home state 08 April 2009 Economic crisis widens gap between top firms and mid-market players: BCG 08 April 2009 American CEOs expect further economic deterioration: survey 08 April 2009 Japan’s current account surplus plunged 55.6 per cent in February 08 April 2009 Tata’s JLR receives £340 million from EIB 08 April 2009 Pak envoy seeks another $30 billion from US 08 April 2009 Ireland unveils drastic measures to tide over recession 08 April 2009 D&B spikes Australia’s 2009 growth to -0.2 per cent 08 April 2009 American life insurance company Lincoln repays $700 million of debt 08 April 2009 RBS to shed 9,000 jobs as part of restructuring process 07 April 2009 Merrill Lynch shuts down Japan private equity business; pays $75 million to settle US lawsuit 07 April 2009 Russia's East Siberia-Pacific pipeline weeks away from China 07 April 2009 Landlords move to bail out UK retailers from bankruptcy 07 April 2009 China's economic stimulus to help pull Asia-Pacific out of gloom by 2010: World Bank 07 April 2009 Organic foods take a hit as recession eats into sales 07 April 2009 UK taxpayers face massive burden till 2016 07 April 2009 Fed teams up with BoE, others in currency swap for US firms 07 April 2009 UK’s recession-hit Press Gazette to close 07 April 2009 UK car sales plummet in March 07 April 2009 More needed to revitalise ailing automotive industry: Deloitte 06 April 2009 Sallie Mae to move 2,000 jobs from offshore to domestic centres 06 April 2009 China’s ambassador defends Australian investments 06 April 2009 Japan plans $100 billion third economic stimulus 06 April 2009 Japan's key economic composite index shrinks 2.7 points in February 06 April 2009 Saudi net foreign assets fall to 1.65 trillion riyals 06 April 2009 US says it need H-1B visas to remain `competitive' 04 April 2009 Obama to revive US-Cuba family ties 04 April 2009 Don’t prop up failed system, ActionAid warns G-20 04 April 2009 Japan’s top 3 banks to report losses for first time 04 April 2009 FedEx lays off 1,000 employees 04 April 2009 The Times Company threatens to shut down The Boston Globe 04 April 2009 Disney eliminates 1,900 jobs in theme park business 04 April 2009 Aviva to shed 1100 jobs in UK 04 April 2009 UBS completes $38.7 billion transfer of toxic assets to state fund 03 April 2009 Global trade deal the next step to fight economic crisis: WTO chief 03 April 2009 India willing to increase contribution to IMF: Manmohan 03 April 2009 Manufacturing-instruments maker MKS to cut 600 jobs, or 23 per cent of workforce 03 April 2009 G-20 cracks whip on tax havens; OECD publishes blacklist 03 April 2009 Despite slump Australia records $1.5-billion trade surplus in February 03 April 2009 IMF triples firepower as G-20 injects $500 billion 03 April 2009 Global markets rally as G-20 pledges $1.1 trillion recovery package 03 April 2009 US factory orders rise for the first time in seven months 02 April 2009 Swiss Re to slash 10 per cent of workforce, appoints new COO 02 April 2009 US wholesaler Costco to close home furnishing stores 02 April 2009 Give IMF a $500-billion boost to help developing world: Manmohan 02 April 2009 Group of Two: Obama, Hu to meet in Beijing 02 April 2009 G-20 pledges $1 trillion to stem financial meltdown 02 April 2009 Mexico seeks $47 billion credit line from the IMF 02 April 2009 Australia posts record slump in retail sales 02 April 2009 Proximity to Pine Gap facility nixes Chinese mining bid 02 April 2009 UK survey indicates ease in manufacturing decline 02 April 2009 Japan’s Tankan index of business sentiments at 35-year low 01 April 2009 Chicago Sun-Times files for bankruptcy protection 01 April 2009 Chinalco subsidiary Chalco profit plunges 99.9 per cent 31 March 2009 World Bank proposes $50-billion trade fund 31 March 2009 Sun Microsystems lays off another 1,500 31 March 2009 World Bank forecasts Russia’s GDP to shrink 4.5 per cent in 2009 31 March 2009 OECD expects GDP to shrink 4.3 per cent; jobless at 10 per cent 31 March 2009 G-20 draft focuses on free trade, protectionism 31 March 2009 BRICs to demand a bigger say at G20 meet 31 March 2009 G-20 draft backs economic stimulus; India to fight protectionism 30 March 2009 Detroit newspapers offer free online editions, cut down home delivery to three days a week 30 March 2009 Carlyle Group to raise $1 billion for property inverstments in China and Japan 30 March 2009 UK auto production plunges in March 30 March 2009 Wal-Mart shutters Ohio optical lab lays off 650 employees 30 March 2009 UK wants G-20 to pledge $2 trillion stimulus package 28 March 2009 UN Panel wants G-20 to discuss new global reserve currency 28 March 2009 White people with blue eyes caused the credit crunch: Brazilian President 28 March 2009 Google trims 200 sales and marketing positions 28 March 2009 Car interior maker Johnson Controls to shut 10 factories, lay off 4,000 employees 28 March 2009 Top US meat producer Tyson Foods to close Oklahoma plant, fire 580 employees 28 March 2009 Obama urges bankers to ‘help get economy back on track’ 28 March 2009 Britain's GDP shrank 1.6 per cent to a 28-year low in Q4 2008 27 March 2009 Protectionism will ‘strangle’ recovery, warns WTO 27 March 2009 Top 5 hedge fund bosses earn $1.5 billion each in 2008 27 March 2009 US beverage major Dr Pepper Snapple Group declares Q4 loss; shares rise on positive forecast 27 March 2009 7,500 GM employees accept early retirement packages 27 March 2009 US food conglomerate ConAgra beats analysts expectations 27 March 2009 ArcelorMittal increases size of bond issue to Euro 1.25 billion 26 March 2009 France looking to ban bonuses at bailout banks 26 March 2009 China secretly funding Kevin Rudd’s economic rescue plan 26 March 2009 IBM slashing 4,000 US jobs, may outsource many of them to India 26 March 2009 US home sales rebound in February 26 March 2009 Agilent Technologies to lay off 2,700 employees 26 March 2009 British PM demands honesty from bankers 26 March 2009 Downturn bottoming out, says Australian banker 26 March 2009 House Democrats urge $100-billion cut in Obama's budget 26 March 2009 AIG executive resigns over bonus issue 26 March 2009 Overseas remittances to fall 5 per cent to $290 billion in 2009: World Bank 25 March 2009 American footwear retailer DSW posts wider-than-expected Q4 loss 25 March 2009 US pharmaceutical company Hospira to cut 10 per cent of workforce 25 March 2009 IMF eases lending rules, creates new line of credit 25 March 2009 Japan's trade nearly halves in February 25 March 2009 Australia puts Chinese firms’ mining takeovers on hold 25 March 2009 Bernanke, Geithner ask House for more powers 25 March 2009 Goldman to repay $10-billion of taxpayers money 25 March 2009 Ratan Tata criticises the UK government's failure to assist JLR 25 March 2009 After rising crude declines to $53 levels as dollar hardens 24 March 2009 China wants SDR to replace dollar as global currency 24 March 2009 Russia concerned over EU-Ukraine gas deal 24 March 2009 US Treasury unveils ‘White Paper’ on buying toxic assets 24 March 2009 Japan Inc wants another 30-trillion yen economic measures 23 March 2009 Japan’s No.1 bank Mitsubishi UFJ to cut down on branches, employees 23 March 2009 USCIS to accept H-1B visa applications till 7 April 23 March 2009 Bailing out Japan Inc: JBIC’s operating charter to be modified 23 March 2009 EIU report warns recession may spark public disorder globally 23 March 2009 Crude futures rise above $52 in Asian trade 23 March 2009 US unveils plan to buy toxic assets 23 March 2009 China may act spoilsport at G20 meet: reports 21 March 2009 US regulators take control of two credit union clearinghouses 21 March 2009 UK car production nose-dives 59 per cent in Feb 21 March 2009 China, others back Russia’s alternative to dollar 21 March 2009 Positive growth in China, India won’t check global recession, says OECD 21 March 2009 US sets new H-1B hiring norms for companies on bailout programme 21 March 2009 After board shake-up, Citigroup shuffles top management 21 March 2009 Kuwait cancels second refinery project 21 March 2009 EU agrees to boost IMF funding 21 March 2009 Country-wide job loss strike paralyses France 20 March 2009 Canada to suspend senior bureaucrats’ bonuses from next year 20 March 2009 A Tiger in the Australian woods 20 March 2009 Hitachi, Sony freeze wages, to implement work-sharing 20 March 2009 IMF prompts G-20 nations for crisis management 20 March 2009 Conference Board LEI slips 0.4 per cent in February 20 March 2009 Reps pass 90-per cent AIG bonus tax bill, Senators relent 20 March 2009 AIG CEO Edward Liddy: the man America loves to hate 19 March 2009 China defends refusing Coke deal 19 March 2009 `Zimbabwe dollar no longer currency' 19 March 2009 Zimbabwe looking for $2-billion bailout package 19 March 2009 Japan mulls work-sharing agreements to protect jobs 19 March 2009 US consumer price index rises 0.4 per cent; beats forecasts 19 March 2009 IMF portrays gloomy global scenario 19 March 2009 Fed to buy $300 billion debt; keeps rates unchanged 19 March 2009 Top financial panel discusses G-20, markets 18 March 2009 World Bank slashes China's growth estimate to 6.5 per cent 18 March 2009 UK’s unemployment crosses 2 million 18 March 2009 Heavy equipment maker Caterpillar cuts employee count by a further 2,454 positions 18 March 2009 Recession hit Nucor warns Q1 loss of 55-65 cents per share 18 March 2009 Disney halts Hong Kong park expansion, angers government 17 March 2009 Russia allocates $45 billion to deal with its slumping economy 17 March 2009 Nokia slashes 1,700 jobs in response to declining demand 17 March 2009 Oil prices mixed as OPEC keeps output steady 17 March 2009 Europe in grip of deflation fears as unemployment reaches record high 16 March 2009 G-20 for tripling IMF kitty, greater say for emerging economies 16 March 2009 Recession likely to end this year: Bernanke 16 March 2009 Failed AIG’s bonuses to employees draw flak 16 March 2009 G-20 finance ministers focus on growth, regulation 16 March 2009 Reckless US economy led world to recession: Canada PM 14 March 2009 US tries to calm China's fears over bonds, investments 14 March 2009 US auto task force appoints bankruptcy attorney 14 March 2009 BRIC nations not to boost IMF resources without representation 14 March 2009 Governments must promote mobility of people: World Bank 14 March 2009 OPEC expects global demand to drop in 2009 14 March 2009 Warren Buffett speaks of AIG’s calls for help prior to government bailout 14 March 2009 US trade deficit falls again, analysts not enthused 14 March 2009 American Apparel gets $80-million lifeline from Lion Capital 14 March 2009 Chinese premier expresses concern over American investments 13 March 2009 Consensus evades G20 on crisis response 13 March 2009 NYSE Euronext appoints Ronald Kent executive vice president 13 March 2009 Global smartphone sales growth declines to 3.7 per cent in 4Q2008 12 March 2009 Russian steel giant Severstal post $1.2 billion loss; to axe jobs 12 March 2009 National Semiconductor to lay off 25 per cent of workforce, close two factories 12 March 2009 China’s exports decline again in February; investments soar 12 March 2009 Bernanke says world’s financial crisis is worst since the 1930s 12 March 2009 Recession grips UK as manufacturing output shrinks in January 12 March 2009 Tokyo world's most expensive city; Mumbai ranks 130 12 March 2009 Changing accounting norms have worsened crisis: Bernanke 12 March 2009 No more "pork-barrel projects", vows Obama 12 March 2009 Motor home maker Fleetwood Enterprises files for bankruptcy 12 March 2009 Kodak, MGM Mirage, Lear feature in Moody’s list of likely defaulters 12 March 2009 Global economy shrinking with below zero growth: IMF 10 March 2009 United Technologies to fire 11,600 employees 10 March 2009 China to mine copper in Afghanistan 10 March 2009 Global semiconductor capital equipment spending to decline 45 per cent in 2009: Gartner 10 March 2009 US economic crisis like Pearl Harbour: Warren Buffett 10 March 2009 Tories moot plan to dissolve FSA 10 March 2009 Lloyds recoups losses on first day after government bailout 10 March 2009 China’s CPI enters negative zone signalling deflation 10 March 2009 India just behind US in anti-dumping measures: World Bank 09 March 2009 New York Times raises $225 million from headquarters sale 09 March 2009 US publisher McClatchy to fire 15 per cent of its workforce 09 March 2009 Japan reports current account deficit of $1.8 billion in January 09 March 2009 Ford, GM unions agree to benefit cuts 09 March 2009 New rights issue batters HSBC stock 09 March 2009 OPEC foresees lower consumption, may cut output 09 March 2009 ArcelorMittal to idle Cleveland plant; lay off 700 workers 09 March 2009 Developing countries face a financing shortfall of $270-700 billion says World Bank 09 March 2009 UK unemployment to touch 3.2 million by H2 2010 09 March 2009 Record numbers of Japanese apply for dole 09 March 2009 Heads of top US, UK, Japanese banks to meet in London 07 March 2009 Men more prone to depression about job loss than women: study 07 March 2009 Sudan vows to continue with development, debunks ICC charge 07 March 2009 UK government may raise Lloyds stake to 77 per cent 07 March 2009 Merrill Lynch investigates rogue trader in London 06 March 2009 Wells Fargo cuts dividend by 85 per cent; sees additional savings of $2 billion in 2009 06 March 2009 US Federal Trade Commission, supermarket chain Whole Foods reach agreement 06 March 2009 China sees economy recovering; makes multiple protective forex plans 06 March 2009 JLR workers vote for pay-freeze to cut costs 06 March 2009 Citi’s stock plunges below the cost of a tissue roll 06 March 2009 Global economic crisis will create more women unemployed: ILO 06 March 2009 HSBC Australia books 42-per cent rise in profits 06 March 2009 AB InBev to shed more assets as profits drop 41 per cent 06 March 2009 Australian media downturn to last 3 more years: report 06 March 2009 US jobless claims slip back to 639,000 06 March 2009 Most US retailers struggle to survive 06 March 2009 Wal-Mart creates 63,000 jobs; sales up 2.8 per cent 06 March 2009 Vijay Mallya tops the bid for Gandhi's items at $2.1 million 06 March 2009 New Chinese stimulus package fails to materialise 05 March 2009 Indian business model could help fight recession: UK envoy 05 March 2009 US broking firms settle with SEC for $70 million over illegal trades 05 March 2009 US defence contractor Northrop Grumman to lay off 750 employees 05 March 2009 China's budget records highest fiscal deficit in six decades 05 March 2009 Film piracy profits could fund terrorism: Rand Corp 05 March 2009 Video rental firm Blockbuster looking to raise capital, denies bankruptcy rumours 04 March 2009 Honda, Mazda and Nissan mull seeking government aid 04 March 2009 Smartphones to corner 25 per cent of the mobile phone market 04 March 2009 American consumers, businesses filing for bankruptcy up 29 per cent y-o-y 04 March 2009 Eastern focus pays off as StanChart posts profit 04 March 2009 Poor countries need $25 billion emergency aid to fight crisis: IMF 04 March 2009 US lawmakers, fed and treasury chiefs angry with AIG 04 March 2009 Bailouts to continue: Bernanke 04 March 2009 US stocks at 11-year low 04 March 2009 American bank offers to return bailout money 04 March 2009 Global mobile phone sales grew 6 per cent in 2008, despite 5 per cent decline in Q4 03 March 2009 Toyota looking for state aid of $2 billion 03 March 2009 Half the world’s population carries a cell phone 03 March 2009 UK home loans slump; manufacturing troubled 03 March 2009 Volkswagen surprises with year-end profit despite downturn 03 March 2009 Troubled finance firm Allied Capital reports $1 billion annual loss, CEO resigns 03 March 2009 American consumer spending reverses six-month trend to register 0.6 per cent increase 02 March 2009 US government injects additional $30 billion in AIG 02 March 2009 No hasty decision on Opel, says minister 02 March 2009 Infosys plans to add 18,000 employees by July 02 March 2009 HSBC net drops 70 per cent; to cut 6,100 jobs in US 02 March 2009 ASEAN unites to face economic heat 02 March 2009 EU rejects East Europe’s bailout plea 02 March 2009 US downturn proves worse than expected 02 March 2009 East European banks to get 24 billion euro rescue package 28 February 2009 First dividend cut from GE since Great Depression 28 February 2009 No 3 US law firm fires 8 per cent of its lawyers 28 February 2009 F1 gets a major boost - American team to join the grid next year 28 February 2009 Wells Fargo suspends bonuses for top executives 28 February 2009 Buyout may save Honda’s Formula One team 28 February 2009 US adding 50,000 jobs as economy shrinks 6.2 per cent in Q4 27 February 2009 Alongside carbon, water footprint steps on the agenda for companies 27 February 2009 ASEAN signs free trade pact with Australia, New Zealand 27 February 2009 UK parliamentary committee warns over threat to defence industrial base 27 February 2009 US government to hike Citi stake; Pandit likely to stay as CEO: reports 27 February 2009 Russia-Ukraine Gas War II on the horizon 27 February 2009 White House institutes daily Intel brief on global economic crisis 27 February 2009 Obama unveils $1.75-trillion deficit budget 27 February 2009 Years Of Heady Growth Usher In Corporate Casualties, Default Study Says 26 February 2009 Obama proposes $634 billion healthcare spending in 10 years 26 February 2009 Swiss government to defend banking secrecy 26 February 2009 TCS to freeze salaries, recruitment 26 February 2009 China boosts German economy with $10-billion trade deal 26 February 2009 RBS splits assets after record $34 billion net loss 26 February 2009 UK economy contracts by 1.5 per cent in Q4 26 February 2009 Japan heading for worst recession since WW II: S&P 26 February 2009 Bernanke firm against bank nationalisation 26 February 2009 Washington Post Q4 net down 77 per cent 26 February 2009 EU moots nationalisation to exit toxic bank assets 26 February 2009 Bankruptcy court lets Delphi Corp axe benefits 25 February 2009 US retailer Macy’s reports 59 per cent drop in Q4 profit 25 February 2009 Indians are largest migrant community in Great Britain 25 February 2009 US, Japan plan a united front at G-20 meet in April 25 February 2009 Recession sinks IBM, HP, Dell, Sun global server sales 25 February 2009 Germany: Growth in renewable energies sector to shorten recession 25 February 2009 Japan's January trade deficit at its worst since WW II 25 February 2009 UK needs to invest $334 billion to meet energy targets: E&Y 25 February 2009 US consumer confidence skids 25 February 2009 Bernanke draws grim picture of economy 25 February 2009 South African miner shutters one mine and fires 5,500 workers 25 February 2009 AT&T to invest $1 billion in global network in 2009 24 February 2009 Wall Street hits a 12-year low as stocks nosedive 24 February 2009 AIG may report largest ever quarterly loss in corporate history 24 February 2009 AC Milan deny stake sale to Manchester City’s Arab owners 24 February 2009 Global crisis wipes out 325,000 financial sector jobs: ILO 24 February 2009 Microsoft withdraws payback demand 24 February 2009 Top US home-improvement retailer Home Depot files $54-million quarterly loss 24 February 2009 Pawnbrokers expand business as recession deepens 24 February 2009 YSL dictates the price – art sale fetches $265 million 24 February 2009 Ford inks pact with union on retirement benefits; Chrysler, GM may follow suit 24 February 2009 BlueScope Steel reports 250 per cent rise in H1 net; sees losses in second half 23 February 2009 Citigroup in talks for more government aid 23 February 2009 Clinton skirts rights issues on China visit 23 February 2009 Economy will recover, says ANZ 23 February 2009 Silver Falls Bank becomes 14th American bank to fail in 2009 23 February 2009 European leaders for stronger supervision of financial systems 23 February 2009 Brown invites Singh to G20 meet 21 February 2009 UK auto body wants scrappage scheme to boost new car sales 21 February 2009 Clinton owns up regulatory lapses, asks Obama to give America hope now 21 February 2009 US senator pushes for Chrysler-Fiat merger 21 February 2009 No.2 US home-improvement retailer Lowe's reports 60 per cent declin in quarterly profit 21 February 2009 British shoe brands Barratt and Priceless revived from administration 21 February 2009 Publisher Reed Elsevier surprises with latest results 21 February 2009 UK business secreatry in war of words over economy with Starbucks CEO 21 February 2009 Brown defends under-fire mortgage plan 21 February 2009 Mining giant Anglo American reports 29 per cent profit drop, to cut 19,000 jobs 20 February 2009 Banks worldwide lose $5.5 trillion in value 20 February 2009 China overtakes Japan as top foreign creditor to the US 20 February 2009 Car plant closure to jeopardise 100,000 UK jobs: union 20 February 2009 Major banks support Obama’s foreclosure plan 20 February 2009 HP slashes salary on weak forecast 20 February 2009 New York looks to India, China to drive financial sector growth 19 February 2009 China's gold buying triples as world demand tops $100 billion 19 February 2009 Bank of Japan maintains interest rate, introduces new credit measures 19 February 2009 2009 infrastructure rating outlooks tilt negative as slowdown deepens 18 February 2009 GM, Chrysler demand $22 billion more; to slash jobs, production lines 18 February 2009 Low inflation and soon deflation will freeze pay of UK workers 18 February 2009 US stimulus package provides $8 billion for rail expansion 18 February 2009 Trump Entertainment Resorts files for bankruptcy protection 17 February 2009 China to use forex reserves to acquire energy assets 17 February 2009 Japan’s finance minister quits as Japan faces slump 17 February 2009 President Obama sets up task force to oversee GM, Chrysler restructuring 16 February 2009 FDI to China plunges for the fourth month 16 February 2009 KFC UK bucks the trend- to create 9,000 new jobs 16 February 2009 RBS splurged £200 million on celebrity endorsements 16 February 2009 Japan’s economy slides to its lowest since WW II 16 February 2009 Walmart Canada changes logo, slashes prices 14 February 2009 Top US banks agree to temporarily suspend foreclosures 14 February 2009 Obama package to cap executive compensation 14 February 2009 US Congress approves $787 billion stimulus plan 14 February 2009 US Congress set to vote on stimulus plan 13 February 2009 Air France-KLM plans staff reduction after $648 million Q3 loss 13 February 2009 Ambani, Premji among business leaders to meet Obama 13 February 2009 Toyota plans production cuts, job reductions in North America 13 February 2009 US video games company Midway Games files for bankruptcy 13 February 2009 After closing down Print Ads, Google exits Audio Ads programme 13 February 2009 Japanese major Pioneer to slash 10,000 jobs, exit TV business on record losses 12 February 2009 Obama stimulus faces battle 12 February 2009 Aids workers in Africa fear fund cuts 12 February 2009 Former HBOS CEO quits as UK's FSA chief 12 February 2009 Caterpillar offers voluntary retirement to 2,000 employees after firing 22,100 last month 12 February 2009 Coke bottler reports $4.4-billion annual loss 12 February 2009 OPEC freezes oil-drilling projects as oil prices crash 11 February 2009 Credit Suisse follows UBS in reporting record Q4 loss 11 February 2009 Mitsubishi UFG, Morgan Stanley to merge Japan brokerages: report 11 February 2009 Nokia closes down R&D centre, slashes 320 positions, temporarily lays off 2,500 workers 11 February 2009 China’s exports plunge to record lows in January 11 February 2009 China's January inflation down to 1 per cent; warning signs of deflation 11 February 2009 Chemical maker Chemtura looking to offload assets to pay off $370 million debt 11 February 2009 World’s top retailer Wal-Mart to slash jobs at headquarters 11 February 2009 Intel announces $7 billion investment in new chipmaking factories 11 February 2009 $27-billion Q4 loss compels UBS to slash 2,200 investment-banking positions 11 February 2009 Senate follows House in approving President Obama’s $800 billion-plus stimulus plan 11 February 2009 General Motors to cut 10,000 jobs, reduce salaries as part of turnaround plan 10 February 2009 Russian banks and companies seek government intervention on foreign debt 10 February 2009 Obama steps up campaign for rescue bill 09 February 2009 Nissan joins Toyota, Honda and Mitsubishi in predicting annual loss; to slash 20,000 positions 09 February 2009 Babcock & Brown to sell assets, faces delisting 07 February 2009 Recession pulls rug under China’s exports 07 February 2009 UK bankruptcies at record high as recession deepens 07 February 2009 US Senate votes for curbs on H-1B hiring 07 February 2009 Bird flu fears in China prompt extensive vaccination, closure of Hong Kong sanctuary 07 February 2009 Murdoch’s News Corp reports biggest quarterly loss of $6.41 billion 07 February 2009 Successful Senate vote in sight on $827-billion stimulus 07 February 2009 Did the BRICs ever have anything in common? 07 February 2009 Unilever scraps its financial targets 07 February 2009 Harvard feels the economic pinch; axes jobs 07 February 2009 China's ICBC reports rise in off-take of new loans in January 06 February 2009 Record jump in US unemployment; no silver lining in sight 06 February 2009 Lenovo CEO resigns over first loss in three years 06 February 2009 TARP oversight panel finds US Treasury overpaid for assets 06 February 2009 GM lobbies for $7-billion tax waiver 06 February 2009 Australia's Macquarie Group forecasts FY09 profit to fall to $900 million 05 February 2009 Mitsubishi to report annual loss; opts out of motorsports 05 February 2009 Immigrant Americans excel in advanced studies than natives 04 February 2009 China may go to WTO on toy import ban by India 04 February 2009 Values of US homes fall by $3.3 trillion in one year 03 February 2009 Stimulus bill: Obama calls for quick action as lawmakers seek changes 03 February 2009 Australia unveils $26.5-billion new economic stimulus 03 February 2009 Evening Standard staff shaky after Lebedev takeover 03 February 2009 White House value falls $23 million after housing market crash 03 February 2009 Closed British retailer Woolworths to be reborn online 03 February 2009 American department store chain Macy’s to slash 7,000 jobs, restructure operations 03 February 2009 Cash and cars for auto workers who resign from GM, Chrysler 03 February 2009 Labour unrest spreads in the UK over hiring foreign workers 02 February 2009 Banks will have to lend more to qualify for rescue money: Reports 02 February 2009 South African manufacturing dips for ninth month; Euro-zone contraction slows 02 February 2009 Kamal Nath strikes note of optimism at Davos amid gloomy projections 02 February 2009 China demands loyalty from the military as 20 million lose their jobs 02 February 2009 Trade officials at Davos urge G20 to speed Doha talks to combat crisis 02 February 2009 New bill seeks to cap payouts by Wall Street firms 31 January 2009 Restructure IMF: India 31 January 2009 $14.4-billion in debt, Schaeffler fails to get government succour 31 January 2009 Merkel, Brown call for global economic charter 31 January 2009 Obama packs ‘buy American’ clause in $825 billion stimulus plan 31 January 2009 Bankrupt newspaper LA Times to cut 10 per cent of workforce 31 January 2009 Japanese major NEC to slash 20,000 positions 31 January 2009 Japan’s key economic data figures plunge 30 January 2009 Obama plans $2 trillion injection into US banks 30 January 2009 House passes rescue bill sans GOP backing 29 January 2009 Germany unveils €50-billion second stimulus 29 January 2009 IMF paints gloomy picture for UK economy 29 January 2009 Panasonic to shut three plants; may report net loss 29 January 2009 US keeps key interest rates unchanged 29 January 2009 UK's £2.3 billion auto aid inadequate 29 January 2009 US moves to curb lobbying on bailout package 28 January 2009 Japan opens $16.7-billion package for small companies 28 January 2009 Fraud costs Satyam's Raju his World Economic Forum chair 28 January 2009 Economic turbulence hits endowment returns in US colleges 28 January 2009 Obama visits Republicans to push relief bill 28 January 2009 Britain unveils £2.3-billion loan for car industry 28 January 2009 Sovereign ratings sagging under global economic strain: S&P 28 January 2009 Corning to cut 3,500 jobs in 2009 27 January 2009 Siemens Q1 results beat expectations 27 January 2009 US loses nearly 50,000 jobs in a single day 27 January 2009 UK Business Secretary, Mandelson to unveil loan package for car industry 27 January 2009 Amidst economic gloom Iceland looks to uncertain future as government collapses 27 January 2009 Corus sheds 3,500 jobs 27 January 2009 Microsoft closes Flight Simulator unit 24 January 2009 UK PM Gordon Brown admits failing to recognise crisis 24 January 2009 Obama team toughens stance on China 24 January 2009 Crude oil prices rise as OPEC cuts speculated to reduce supplies 24 January 2009 Motorcycle icon Harley-Davidson to reduce production, slash workforce 23 January 2009 Samsung reports first-ever quarterly loss 23 January 2009 Nippon Steel doubles production cuts 23 January 2009 Russia’s international reserves at $396.2 billion, down 34 per cent since August 23 January 2009 US research spend to decline despite Obama promise 23 January 2009 Corus sells last aluminum smelters to PE firm 23 January 2009 US housing seeks new bottoms 23 January 2009 Davos meet to focus on shaping the post-crisis world 22 January 2009 Chemical maker Huntsman to axe 9 per cent of its workforce 22 January 2009 Japan’s exports plunge 35 per cent in December 22 January 2009 Microsoft pink-slips 5000 staff, despite profits 22 January 2009 Intel follows AMD in cutting down operations, to fire 5,000 employees 22 January 2009 Royal Mail makes record profits despite recession in the UK 22 January 2009 Rio Tinto Alcan to shed 1,100 jobs, cut production and close plant 21 January 2009 Citigroup senior management decline bonuses 21 January 2009 Bose Corporation announces massive job cuts 21 January 2009 IBM as the silver lining on an otherwise dark horizon 21 January 2009 Ericsson beats market blues, will still lay off 5,000 bracing for 2009 21 January 2009 US Ad giant Clear Channel axes 1850 jobs; more cost cuts in offing 21 January 2009 Sony braces up for recession; cuts jobs, closes factories 21 January 2009 Russian gas starts trickling into Europe again 21 January 2009 Recession-hit Singapore to dip into sovereign wealth funds 21 January 2009 Tough 2009 for Asian banks as recession spreads 21 January 2009 Chemicals maker Rohm & Haas to slash 900 jobs 21 January 2009 Chemicals maker Rohm & Haas to slash 900 jobs 20 January 2009 Hyperinflation forces Zimbabwe to introduce Z$100-trillion currency 20 January 2009 European Commission expects GDP to shrink by 1.8 per cent in 2009 20 January 2009 France considers aid for Renault, Peugeot Citroën 20 January 2009 Global optimism on Obama mending US relations: BBC - GlobeScan poll 20 January 2009 Another Indian likely in Obama’s team 20 January 2009 Widespread job losses expected in South Africa's mining industry 19 January 2009 Britain launches second financial rescue package 19 January 2009 Jaguar Land Rover may shed 1,800 jobs; presure mounts on UK government 19 January 2009 Samsung engineers major shake up to fight recession 19 January 2009 China’s 2008 FDI growth up 23.58 per cent, despite last quarter decline 19 January 2009 'Green shoots' of UK recovery: fact or mirage? 17 January 2009 UN forecast adds to economic gloom 17 January 2009 Auto parts manufacturer Johnson Controls reports $608 million quarterly loss 17 January 2009 Shareholders vote against executives’ bonuses at Bellway AGM 17 January 2009 Venezuelan President Hugo Chavez makes a turnaround, courts big oil companies 17 January 2009 Chrysler extends shutdowns at 3 plants; seeks $1.5 billion government loan 16 January 2009 Russia proposes EU companies buy 'technical gas' 16 January 2009 Irish government takes over Anglo Irish Bank 16 January 2009 Rio Tinto plans shutdown of Anglesey smelter; cut 500 jobs 16 January 2009 JPMorgan manages to remain in the black even as 4Q profit plunges 76 per cent 16 January 2009 European Central Bank cuts key rate by 50 bps to 2.00 per cent 15 January 2009 Oracle trims 500 consultant jobs at North America 15 January 2009 Motorola to slash 4,000 jobs, equivalent to 6 per cent of workforce 15 January 2009 UK unveils £20 billion scheme for small firms 15 January 2009 Google cuts down on staff and operations 15 January 2009 No end in sight to recession, warns Fed 15 January 2009 Oil futures drop as US inventory soars 15 January 2009 New job cuts at Jaguar, Pfizer, Barclays put doubts on £500-million job rescue plan 15 January 2009 China displaces Germany as world’s third largest economy 14 January 2009 China's forex growth slows falters for the fist time in a decade 14 January 2009 Nortel files for bankruptcy protection in Canada, US and Europe 14 January 2009 Australia GDP forecast at zero growth in 2009: Dun & Bradstreet 14 January 2009 IT outsourcing from China growing at 20-40 per cent: report 14 January 2009 Visteon to shed 800 workers 14 January 2009 Infosys increases hiring target despite global slowdown 14 January 2009 $700-billion not enough, says Bernanke 14 January 2009 Oil hovers around $38 14 January 2009 China aims to be first to recover from global financial crisis 13 January 2009 UK unveils £500 million job rescue plan amid losses 13 January 2009 Russia, Ukraine agree on resuming gas supplies to EU 12 January 2009 GM open to 'car czar'; US launch of Chevrolet Spark in 2011 12 January 2009 China to speed up technology spending to stimulate economy 12 January 2009 China’s auto sales post slowest growth in a decade 12 January 2009 Australia's wine export plummet 18 per cent by value 12 January 2009 Russia-Ukraine gas deal collapses once again 12 January 2009 Russia, EU reach deal on resuming gas supplies to Europe 10 January 2009 Boeing sheds 4,500 jobs at Commercial Airplanes division 10 January 2009 Beleaguered British retailer Woolworths finally finds a buyer 10 January 2009 Bush’s $700-billion bailout criticised by Congressional panel 10 January 2009 Illinois lawmakers vote overwhelmingly to impeach tainted governor 10 January 2009 Sports entertainer WWE to cut 10 per cent of its workforce 10 January 2009 Oilfield services companies Schlumberger and Halliburton lay off thousands 10 January 2009 Massive layoffs rumoured at IBM 10 January 2009 Deal uncertain even after EU brokers Russia-Ukraine gas standoff 09 January 2009 S African manufacturing sector shrinks for second month in November 09 January 2009 Korea's SsangYong Motor to apply for court receivership 09 January 2009 Bank of England cuts its rate to record lows 08 January 2009 Dell cuts jobs in Ireland, moves manufacturing to Poland to cut costs 08 January 2009 Data storage giant EMC to slash 2,400 jobs even as fourth-quarter results meet expectations 08 January 2009 Japan electronics major TDK looking at first loss in seven years, will cut 8,000 jobs 08 January 2009 Britain's largest music and entertainment chain Zavvi Group shuts 22 stores 08 January 2009 Lenovo announces new resource redeployment and 11 per cent job cut 08 January 2009 Iceland’s Kaupthing Bank to sue UK government 07 January 2009 Europe, US urge Russia, Ukraine to solve gas dispute 07 January 2009 What will make a perfect 2009? 07 January 2009 US budget deficit could cross $1 trillion in 2009 07 January 2009 Japan may inject cash into regional banks to boost liquidity: report 07 January 2009 Grim data from Europe sends ripples worldwide; Toyota announces production cuts on falling demand 06 January 2009 Obama seen favouring $775 billion stimulus plan: Reports 06 January 2009 Venezuela suspends subsidised oil to US poor 06 January 2009 WPP plans to lay off staff at global agencies 06 January 2009 Putin cuts European gas supplies via Ukraine 06 January 2009 UK's kids retailer Adams Childrenswear shuts 111 stores 06 January 2009 Obama proposes massive tax cuts as part of stimulus plan 05 January 2009 UK Chancellor mulls second bail out for British banks 05 January 2009 No layoffs at Microsoft despite major cost-cutting in 2009 05 January 2009 Japanese banks to post loss in last quarter 05 January 2009 Suzuki freezes big car project, shelves overseas expansion plans 05 January 2009 Chrysler receives $4 billion from US treasury 03 January 2009 Now, US steel industry asks for government bailout 02 January 2009 Hundreds of UK retailers to go bust in 2009 02 January 2009 Chinese manufacturing sector close to recession 02 January 2009 Majority of Britons opposed to the Euro 02 January 2009 AIG seeks relaxation of Fed rules on asset sales 01 January 2009 India's IT/ITeS market to grow at a slower 13.4 per cent in 2009 01 January 2009 General Motors gets $4 billion US government loan, Chrysler still in talks 01 January 2009 Continuous unemployment claims at 26-year high in the US 01 January 2009 Gazprom to cut off European gas supplies as Russia-Ukraine talks fail 01 January 2009 Recession forces immigrants in the US to default on renewing permits 01 January 2009 Chemical maker LyondellBasell may be on the brink of bankruptcy 31 December 2008 GCC to have common currency by end 2009 31 December 2008 "End of the US in 2010" predicts Russian diplomat Igor Panarin 30 December 2008 Gloomy 2009 outlook for Asian airlines 29 December 2008 Recession forces Japanese insurers to merge 29 December 2008 Recession in the UK to claim 3 million jobs by 2010 29 December 2008 GCC conference to focus on economic issues 29 December 2008 Oman opts out of the Gulf's single currency monetary plan 29 December 2008 Gazprom threatens to cut gas supplies to Ukraine 27 December 2008 UK faces worst slump since 1948 27 December 2008 US government to invest $3.39 billion in American Express 26 December 2008 Online retailer Amazon sees best-ever holiday sales even as departmental stores stay empty 26 December 2008 China moves to make yuan global currency 26 December 2008 Lifeline given to GMAC with bank holding company status 26 December 2008 US economy deeper in the red; GDP contracts 0.5 per cent in Q3 24 December 2008 Amex to receive $3.39 billion under US TARP program 24 December 2008 Toyota may reshuffle top management, shed jobs in the US and UK 24 December 2008 Saudi forecasts $17.3-billion deficit in 2009 23 December 2008 Now US property developers want bailout 23 December 2008 2009 to be "really bad": IMF chief 22 December 2008 Toyota makes first annual loss in seven decades 22 December 2008 China's consumer retailing rises in November amid slowing economy 22 December 2008 Global recession gives Japan’s exports the chill 22 December 2008 Now, hedge funds to be bailed out 22 December 2008 China to prop Hong Kong economy 20 December 2008 Cerberus to trade Chrysler stake for bailout 20 December 2008 Half a million people in the UK to fall behind on their mortgages during 2009 20 December 2008 Recession forces video games publisher Electronic Arts to cut 1,000 jobs 20 December 2008 Bush offers $17.4 billion to bail out GM, Chrysler 19 December 2008 Allianz creates new economic research and strategy department 19 December 2008 Bangladesh receives $200 million from S Korea for infrastructure development 19 December 2008 UK’s public sector borrowing soars to £16 billion in November 19 December 2008 Polaroid felled by owners malfeasance; in bankruptcy protection 19 December 2008 Japan projects no growth in 2009 19 December 2008 Nobel jurors under probe for favouritism 19 December 2008 UK’s iconic Woolworth store will shut down in January 18 December 2008 GM goes slow on Chevrolet Volt factory 18 December 2008 US unemployment seen topping 2 million in New Year 18 December 2008 Honda may report first half-year loss in 11 years 17 December 2008 China emerges top lender to US government; weighs alternatives 17 December 2008 Oil hawks want OPEC members to double production cuts 16 December 2008 Electrolux vacuums 3,000 jobs 16 December 2008 Vauxhall offers sabbaticals to staff 15 December 2008 Japanese business confidence registers biggest fall since 1975 15 December 2008 British government may outline rescue package for car industry 15 December 2008 China industrial output growth hits a 9-year low in November 15 December 2008 China, Japan, South Korea sign historic trilateral deal 15 December 2008 Food v/s fuel: the great ethanol debate 13 December 2008 Ecuador won't pay foreign debt interest, dubs it as illegal 13 December 2008 Alcatel-Lucent foresees bleak future as its sheds workforce 12 December 2008 2009: Emerging Asain economis to see slowdown, not contraction: Allianz Dresdner 12 December 2008 Bank of America to slash up to 35,000 jobs over next three years 12 December 2008 SKF cutting 2,500 jobs worldwide 11 December 2008 Offshoring plans not slowed by global financial crisis: PwC – Duke ORN survey 11 December 2008 US in dire straits with budget deficits in 43 states 11 December 2008 Auto bail-out passes House vote; Republicans pledge Senate veto 11 December 2008 China, Japan, Korea bankers to meet annually 11 December 2008 Canadian telecom giant Nortel may seek bankruptcy protection 11 December 2008 China's exports down 2.2 per cent in November 10 December 2008 Malco suspends production as aluminium prices plummet 10 December 2008 Global slump hits developing countries, trade: World Bank 10 December 2008 Major shake up at Rio Tinto to reduce debt 10 December 2008 Japan in recession as GDP shrinks 1.8 per cent in July-Sept 09 December 2008 Sony cuts 16,000 jobs, shuts plants to save $1.1 billion 09 December 2008 Dow Chemicals to shed 11 per cent of global workforce 09 December 2008 WTO releases revised drafts for farm and non-farm trade talks 08 December 2008 BHP and Rio Tinto's Chinese contracts at risk 08 December 2008 US Congress approves $15-billion band-aid to automakers 08 December 2008 Over half a million Americans lose jobs in November 08 December 2008 China, US pledge $20 billion for trade 05 December 2008 Putin’s Red Square show a hit 05 December 2008 Credit Suisse to shed 5,300 employees after $2.5 billion loss in first two months of Q4 05 December 2008 China tells US to put own house in order; promises help to stabilise global economy 05 December 2008 France unveils €26-billion recovery plan 05 December 2008 AT&T to cut 12,000 jobs 04 December 2008 Imaging software maker Adobe Systems to cut 600 jobs 04 December 2008 World’s No.2 private equity firm Carlyle Group sheds 10 per cent of its workforce 04 December 2008 Eurozone retail sales slump spurs hopes for rate cut 04 December 2008 Global insolvencies projected to rise in 2009 04 December 2008 US private sector sheds 250,000 jobs in November: report 04 December 2008 Auditors fault US government’s $700-billion bailout supervision 03 December 2008 Telecom Italia to sell assets, save cost and cut 4,000 jobs 03 December 2008 Mexican steelmaker AHMSA to lay off 12,000 03 December 2008 Paulson urges China to boost domestic economy 03 December 2008 Delta Airlines to reduce capacity further 2009 03 December 2008 US economy officially in recession, productivity indexes show sharp declines 02 December 2008 UK denies plans to join the eurozone 02 December 2008 Corus to avail of government funds in Netherlands for 4,600 employees 02 December 2008 US recession official; may last till mid-'09 02 December 2008 Global recession drags Chinese manufacturing to record low 01 December 2008 Canon announces Canon Institute for Global Studies, Canon Foundation 01 December 2008 UK inching closer to adopting euro, says EC chief Barroso 01 December 2008 High discounts attract heavy holiday shopping in US despite economic gloom 01 December 2008 ArcelorMittal launches voluntary separation programme 29 November 2008 Christmas gloom for retailers, says CBI; winter fuel bill woes for pensioners 29 November 2008 Drug firms misusing patents to block cheaper generics: EU 28 November 2008 Spain unveils $14.3 billion recovery package to fight economic meltdown 28 November 2008 Nokia exits Japanese market 28 November 2008 ArcelorMittal to lay-off 16 per cent of US workers 28 November 2008 Google slashing contractor jobs 28 November 2008 Volcker to head Obama’s economic advisory committee 27 November 2008 EU planning €200 billion stimulus 26 November 2008 China slashes key lending, deposit rates to boost liquidity 26 November 2008 OECD suggests further cut in interest rates; sees India recovery in 2009 26 November 2008 US government unveils $800 billion second stimulus plan 26 November 2008 Rio may sell stakes in key projects to China to shed debt 25 November 2008 Pakistan secures $7.6 billion lifeline from IMF 25 November 2008 BHP Billiton abandons bid for Rio Tinto 25 November 2008 Bush spurs global action as Obama sets agenda for US 24 November 2008 Chinese officials say employment situation ‘grim’ 24 November 2008 Lend or face nationalisation, UK government tells banks 24 November 2008 Obama plans to add 2.5 million jobs in US in 2 years 22 November 2008 Unemployment in Silicon Valley zooms to 6.9 per cent 22 November 2008 Retail prices of gasoline in US drop below $2 per gallon 22 November 2008 EU members agree on agriculture reforms, subsidy cuts 22 November 2008 Global crude steel output falls 12.4 per cent in October 21 November 2008 Sea piracy to impact price of crude 21 November 2008 APEC to go full steam with globalisation, dump protectionism 21 November 2008 A grim two decades ahead: US intelligence assessment 21 November 2008 Russia will emerge stronger from financial crisis: Putin 21 November 2008 Lamy pushes WTO talks to tackle problems of poor countries 20 November 2008 China, Peru complete free-trade talks 20 November 2008 European Central Bank official calls for bigger German stimulus package 20 November 2008 US auto industry bailout: In the firing line 19 November 2008 US auto industry bailout: The Big Three go up the Hill 18 November 2008 Ford, GM offload stakes to raise cash 18 November 2008 Developed economies in recession 18 November 2008 US tightens rules for foreign investors 17 November 2008 Brazilian president Lula asks rich countries to set their economies in order 17 November 2008 IMF bails out Pakistan with $7.6 billion loan 17 November 2008 G-20's Washington summit: The old order changeth, yielding place to new 17 November 2008 G-20: Declaration of the summit on financial markets and the world economy 17 November 2008 G-20 summit: Plan to reform global financial system being readied 15 November 2008 Y V Reddy nominated to UN task force 15 November 2008 G-20 summit: A walk in the woods 15 November 2008 G-20 summit: High powered Indian representation at Washington 15 November 2008 Gender pay gap narrowing in India, widening in UK 15 November 2008 Southern California holds biggest mock earthquake drill in US 14 November 2008 Recession hits Italy 14 November 2008 Hong Kong joins the list of major economies in recession 14 November 2008 China offers $500 million to Pakistan 14 November 2008 Japan offers $100 billion for IMF bailout fund 14 November 2008 Brussels sprouts new rules for vegetables 14 November 2008 Bank of England governor says UK economy “very likely” in recession 13 November 2008 UK job losses mount as BT slashes 10,000 13 November 2008 US Congress braces for showdown on bill to bail out Detroit auto giants 13 November 2008 Mafia seen tightening hold on Italy's economy 12 November 2008 Auditors smell a €6 billion scam in EU grant overclaims 11 November 2008 Obama looking to appoint first chief technology officer for US 11 November 2008 No.2 American electronics retailer Circuit City files for bankruptcy 10 November 2008 China pumps $586 billion to bolster economy 10 November 2008 Iceland to get $6 billion from IMF, Europe 10 November 2008 EU asks Polish government to sell off shipyards to repay state aid 10 November 2008 BRIC nations call for a new global financial order 10 November 2008 US unemployment rate hits a 14-year high at 6.5 per cent 08 November 2008 Warren Buffett’s Berkshire reports 77-per cent drop in quarterly profit 08 November 2008 Corus raises production cuts to 30 per cent; axes 400 jobs 08 November 2008 Chicago business school gets largest ever donation of $300 million 07 November 2008 Intel CEO warns that deepest recession “in his lifetime” will only get worse 07 November 2008 Canada reeling under increase in bankruptcies cases in September 07 November 2008 IMF predicts global recession 07 November 2008 Motorola job cuts to affect Indian operations 05 November 2008 US job cuts see 79 per cent jump in October: report 05 November 2008 China feels the pangs as the world slows down 05 November 2008 US to extend reach of $700 billion bail-out package 04 November 2008 The collapse of the big oil bubble may not last 04 November 2008 Brown mobilises Gulf funds for IMF bail-out plans 03 November 2008 Hungary receives $25.1 billion from IMF, EU, World Bank 03 November 2008 US economy shrinks during 3Q, signalling recession as consumers ease up spending 31 October 2008 IMF loosens loan strings, for now 30 October 2008 IMF's $100-billion facility to aid crisis-hit nations 30 October 2008 EU urges China, Gulf States to fund IMF 29 October 2008 Wall Street brokers being lured with 100-per cent earnings as commisions 27 October 2008 Das Kapital sales shoot up amid financial crisis 27 October 2008 IMF bails out Ukraine with a $16.5 billion loan 27 October 2008 Pakistan seeks IMF help 27 October 2008 Nikkei rebounds, S Korea declines despite highest rate cut 27 October 2008 IMF and the World Bank set to increase loans 27 October 2008 IMF approves $2-billion loan for Iceland 25 October 2008 Europe seeks succour from China as financial market crisis worsens 24 October 2008 Goldman Sachs to slash 10 per cent jobs, 3200 employees at risk 24 October 2008 Global leaders' summit in Washington on 15 November 23 October 2008 China’s growth drops to lowest in five years 22 October 2008 India, China account for 6.5 per cent of new jobs created worldwide: IBM study 22 October 2008 Sarkozy calls for European sovereign funds to buy European stocks 22 October 2008 Income inequality and poverty rising in most OECD countries 21 October 2008 Financial crisis to add 20 million jobless: ILO 21 October 2008 A global depression? Not yet 21 October 2008 Unemployment in UK to reach 2 million by Christmas 20 October 2008 Not the end of the world! 18 October 2008 Final McCain-Obama debate focuses on US auto industry bailout, energy, oil 17 October 2008 Financial crisis may affect fund flows to poor nations, say IMF and World Bank 13 October 2008 OPEC calls emergency meet as oil slides below $80 13 October 2008 US trade deficit falls on declining demand for oil 11 October 2008 G7 nations fail to put their acts together 11 October 2008 China wants reports on financial health of foreign JVs 11 October 2008 GE 3Q results cheer markets despite meltdown 11 October 2008 Pakistan moves US, UK for $10 billion emergency bailout 10 October 2008 IMF creates $200-billion emergency fund to ease credit crunch 10 October 2008 Iceland headed for bankruptcy; PM seeks $5.44-billion Russian loan 08 October 2008 Fed plans direct lending to corporates 07 October 2008 India raps IMF for 'ignoring' global financial crisis 07 October 2008 For India, the pain may worsen 07 October 2008 India invited to join G-8 economic summit 07 October 2008 The US loses 1,59,000 jobs, signalling recession 06 October 2008 France in recession, economy shrinking 03 October 2008 New Japanese PM Aso pledges tax cuts in $17 billion economic package 29 September 2008 US lawmakers in preliminary agreement on Bush’s $700 billion bailout package 29 September 2008 Japanese economy plagued by slow growth, political stalemate: S&P 24 September 2008 Unemployment in California, Silicon Valley at four-year high 20 September 2008 Wall Street mess: 40,000 jobs, $3 billion tax revenues at stake in New York 20 September 2008 China compels foreign companies to allow unions 12 September 2008 US trade deficit widens to $62.2 billion in July 11 September 2008 Put Asia on top of agenda, experts advise incoming US administration 11 September 2008 Indonesia turns net oil importer; suspends OPEC membership 10 September 2008 Iran, Venezuela moot oil production cut 08 September 2008 US unemployment rate breaches six per cent for the first time in five years 06 September 2008 Has the US economy staved off a recession? 05 September 2008 China's CNPC signs $3-billion deal to develop Iraqi oil field 04 September 2008 Argentina to pay $6.7-billion default debt to the Paris Club 04 September 2008 Venezuela to nationalise fuel distribution 04 September 2008 UK government suspends property stamp duty to encourage housing revival 02 September 2008 Korea weighs measures to avert US-type financial crisis 02 September 2008 Japanese Prime Minister Yasuo Fukuda resigns 01 September 2008 UK firms flee high taxes 01 September 2008 McCain picks Alaska governor Sarah Palin for VP 29 August 2008 Lehman plans to layoff 1,500 29 August 2008 Brazil considering trade sanction on US over cotton subsidies 28 August 2008 After the UK, Germany faces possible recession as consumer confidence plummets 26 August 2008 Uncertainties grip the global economy 26 August 2008 IMF sees world economic growth falling to 3.9 per cent in 2009 25 August 2008 British economy grinds to a standstill; technical recession likely, say experts 23 August 2008 Germany moves law to block takeovers by foreign funds 21 August 2008 Venezuelan troops seize Cemex cement plant 19 August 2008 OPEC set for record profits in 2008, says US energy department 13 August 2008 US trade deficit narrows in June on strength of increased exports 13 August 2008 Lamy, Kamal Nath call for resumption of world trade talks 12 August 2008 Asia-Pacific growth prospects stable: S&P 12 August 2008 High corn hits both ethanol producers and food industry 11 August 2008 US unemployment at four-year high 01 August 2008 China to spend $3.7-billion on nuclear facility in quake-hit Sichuan 23 July 2008 Argentine senate defeats presidential tax proposal as VP votes against government 18 July 2008 Venezuelan president Chavez threatens oil at $300 15 July 2008 Bush revokes executive ban on offshore drilling, seeks Congress nod 15 July 2008 American study says China’s economy will surpass that of the US in 2035 09 July 2008 US SEC to share financial sector information to US Fed 08 July 2008  search domain-b    go
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