World economy
Japanese major NEC to slash 20,000 positions
31 Jan 2009
Japan’s key economic data figures plunge
30 Jan 2009
House passes rescue bill sans GOP backing
29 Jan 2009
Germany unveils €50-billion second stimulus
29 Jan 2009
IMF paints gloomy picture for UK economy
29 Jan 2009
The IMF says the British economy will perform the worst among all developed countries
US keeps key interest rates unchanged
29 Jan 2009
The US Federal Reserve has decided to keep interest rates unchanged at 0 to 0.25 per cent to boost economic growth
US moves to curb lobbying on bailout package
28 Jan 2009
Obama visits Republicans to push relief bill
28 Jan 2009
The bill is expected to pass smoothly enough through the House, where the Democrats have a large majority, but the Senate vote is likely to be more divisive
Siemens Q1 results beat expectations
27 Jan 2009
US loses nearly 50,000 jobs in a single day
27 Jan 2009
Caterpillar, Texas Instruments, Sprint Nextel, Home Depot, General Motors Pifzer ysterday announced 50,000 job cuts in a single day.
Microsoft closes Flight Simulator unit
24 Jan 2009
Microsoft Corp has shut down ACES Studios, its wholly-owned subsidiary that produced Flight Simulator, Microsoft’s longest-running and perhaps most popular game
UK PM Gordon Brown admits failing to recognise crisis
24 Jan 2009
Economists warn that the UK is heading for economic depression, the first since 1930s
Obama team toughens stance on China
24 Jan 2009
New treasury secretary Timothy Geithner acuses China of manipulating currency
Samsung reports first-ever quarterly loss
23 Jan 2009
Nippon Steel doubles production cuts
23 Jan 2009
US research spend to decline despite Obama promise
23 Jan 2009
As research and development budgets take a beating in these economically depressed times, US President Barak Obama's inauguration promise to "restore science to its rightful place" may take a while to fulfill.
US housing seeks new bottoms
23 Jan 2009
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