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German recovery hopes lift markets
Published July 9, 2009, 5:04 pm, Tiscali
WASHINGTON (Reuters) - A drop in U.S. weekly unemployment claims and a comment that Germany may have already emerged from recession helped spur a resurgence on Thursday in stock and commodity markets, including oil prices.
Bank of England May Be at ‘Turning Point’ on Emergency Plan
Published July 9, 2009, 4:57 pm, Bloomberg
July 10 (Bloomberg) -- The Bank of England’s emergency bond-buying program may end next month as Britain’s worst recession in a generation eases, economists say.
For Kenyans, running is a way of life
Published July 9, 2009, 4:50 pm, The Observer-Dispatch
Carolyne Opee isn't a runner. She is a Kenyan, though, who came to America chasing a dream. And she understands why so many from her East African country, including those young men and women who for nearly 20 years have dominated Utica's Boilermaker Road Race, have used their running prowess to get ahead.
Peru’s Central Bank Reduces Rate to 2% as Prices Fall (Update1)
Published July 9, 2009, 4:47 pm, Bloomberg
July 9 (Bloomberg) -- Peru’s central bank cut its benchmark lending rate by a full percentage point for the sixth month today after the economy shrank for the first time in seven years and consumer prices fell.
Bank of Korea Lifts GDP Forecast on Stimulus, Exports (Update1)
Published July 9, 2009, 4:43 pm, Bloomberg
July 10 (Bloomberg) -- The Bank of Korea raised forecasts for gross domestic product this year and next because of the boost from interest-rate cuts and government stimulus, along with improved demand for exports.
China’s economy bottomed out, says think-tank
Published July 9, 2009, 4:42 pm, The Star
SHANGHAI: China will expand by about 8% this year, a leading think-tank said yesterday, the latest in a series of broadly bullish reports reflecting the growing momentum of the world’s third largest economy.
IMF sees weak economic recovery
Published July 9, 2009, 4:41 pm, The Star
WASHINGTON:The global economy is set to slowly pull out from its worst recession in six decades, the IMF said, and world leaders aim to help the recovery with a breakthrough in stalled trade talks.
Ringgit weakens against US$
Published July 9, 2009, 4:39 pm, The Star
PETALING JAYA: The ringgit weakened to a 2½-month low against the US dollar yesterday after the release of factory output for May, which fell 11.1% year-on-year, and indication from Bank Negara on Wednesday that it does not rule out the possibility of further rate cuts given the uncertainties in the global economy.
U.S. companies sink deeper in debt as economy drags
Published July 9, 2009, 4:38 pm, The Edge Daily
NEW YORK: Unbridled borrowing in the boom years has swelled Corporate America's debt burden to the highest levels on record, putting many cash-strapped companies at risk of going bust as economic malaise lingers, according to a Reuters report on Thursday, July 9.
State Revenues Down 11th Straight Month
Published July 9, 2009, 4:38 pm, The Chattanoogan
State tax revenues continued to decline in June, for the eleventh consecutive month of the fiscal year, Finance and Administration Commissioner Dave Goetz announced today.
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