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NEW YORK (Reuters) - Aluminum producer Alcoa Inc said it was halting major capital projects in the face of uncertain markets, after it posted a lower-than-expected quarterly profit on softer demand in key sectors like the aerospace and auto industries.
TOKYO, JAPAN: Hopes for a coordinated interest rate cut among the world's major economies to ease a global credit crunch have been anything but in sync the last couple days in Asia.
Economists are expecting a historic move by the Reserve Bank (RBNZ) when it reviews the official cash rate (OCR) this month -- with some forecasting a cut of 100 basis points to 6.5 percent.
OTTAWA (AFP)--For the first time, polls suggested Tuesday that the Conservative party could lose the Oct. 14 election, as fears of global economic turmoil struck Canada and sapped the incumbent party's support.
The Dow Jones industrial average plunged in late afternoon trading today, ending another disastrous day for stocks and solidifying this downturn as, remarkably at this point, only an average bear market.
Singapore appears headed for its first recession since 2002 as the city-state suffers from a US economy wilting under its worst financial crisis since the Great Depression, economists say.
For the first time polls have suggested that the Conservative party could lose the October 14 election, as fears of global economic turmoil struck Canada and sapped the incumbent party's support.
DUBLIN, Ireland----Research and Markets has announced the addition of the "Chilled Food in Japan to 2011" report to their offering.
Oct. 8 (Bloomberg) -- The Bank of England should cut the benchmark interest rate by a half point tomorrow after the economy tumbled into a recession in the third quarter, the National Institute for Economic and Social Research said.
MERINOS will need to be the base for any serious rebound in the national flock.
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