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Asian markets close sharply lower on recession fears

Published December 2, 2008, 2:38 am, INO News

(RTTNews) - The stock markets across the Asia-Pacific region closed sharply lower on Tuesday after Wall Street plunged Monday on news that the U.S. has been in a recession since December 2007 and after data showed that U.S. factory activity fell to its weakest since 1982. Federal Reserve Chairman Ben Bernanke's comments that the U.S. economy remained under considerable strain also added to the ...

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Markets plunge on US recession data, global gloom

Published December 2, 2008, 12:27 am, Zawya

WASHINGTON, Dec 02, 2008 (AFP) - Stock markets around the world took another drubbing, falling sharply on news that the US economic recession began a year ago, as a deluge of weak data pointed to a severe global slowdown.

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BILL SPELTZ: Bergquist sidesteps rainy day feeling

Published December 1, 2008, 11:09 pm, Missoulian

This whole playoff thing has been an exercise in mental torture for Cole Bergquist. Twice in previous years the Montana quarterback has ventured into this maze and exited through a trap door.

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Markets plunge on US recession data, global gloom

Published December 1, 2008, 9:10 pm, AFP via Yahoo!Xtra News

WASHINGTON (AFP) - Stock markets around the world have taken another drubbing, falling sharply on news that the US economic recession began a year ago, as a deluge of weak data pointed to a severe global slowdown.

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Sorry affairs such as this do not help a game in trouble

Published December 1, 2008, 5:00 pm, Sydney Morning Herald

CRICKET cannot afford to stage any more mismatches of the sort put before followers of the game in Africa and the antipodes over the past few weeks.

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Zimbabwe's Latest Plague: Cholera

Published December 1, 2008, 2:16 pm, Time Magazine

Already beset by contending politicians and a moribund economy, the country must deal with the possibility of thousands dead from an easily preventable disease

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Published December 1, 2008, 11:06 am, The Hindu

Coming to terms with terror Mumbai, Nov. 30 The otherwise glittering Taj Mahal hotel looked desolate and lonely on Sunday evening, a day after the terror-siege on it was brought to an end by the country’s elite ...

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Downturn points to hefty RBA rate cut

Published December 1, 2008, 5:00 am, The Australian

INTEREST rates will fall today to their lowest level in six years as the Reserve Bank meets to discuss how to buttress the economy amid growing evidence of a business downturn.

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TOPWRAP 4-Global recession rocks Asian, European industry

Published December 1, 2008, 2:30 am, The Forex Market

LONDON/BEIJING, Dec 1 (Reuters) - European and Chinese industry activity slumped in November, Japanese officials said their economy was slowing rapidly and U.S. retailers slashed prices to lure shoppers as recession took a grip.

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Nigeria: Ribadu - Another War Against Anti-Corruption War?

Published December 1, 2008, 12:48 am, AllAfrica.com

The persistent attacks on the personality of Mallam Nuhu Ribadu, appear to be driving the much celebrated anti-graft battle to its wits end. Omololu Ogunmade writes on the conclusion drawn from the development by concerned individuals

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