77Tracking

Economic News


UPDATE 1-Indian inflation drops to 1-yr low, rate cuts seen
5 Feb 2009 source: iii.co.uk

By Rajkumar Ray NEW DELHI, Feb 5 (Reuters) - Indian inflation fell to its lowest in nearly a year in late January and analysts said last week's fuel price cut would trigger a sharper drop, handing the central bank more room to lower rates and bolster growth. Inflation had risen for two consecutive weeks, arresting its steep decline as a strike by truck drivers pushed up prices. Bu ...


WRAPUP 1-Nordic forestries to cut production after grim Q4
5 Feb 2009 source: iii.co.uk

HELSINKI, Feb 4 (Reuters) - Battered Nordic papermakers reported weak fourth-quarter results on Thursday, slashed their dividends, and said they would take aggressive action to improve pricing and profitability. The paper industry has struggled for six years to climb out of a slump, burdened by overcapacity and soft prices, and the global economic crisis has hit prospects for 2009 as deman ...


REFILE-WRAPUP 1-Nordic forestries to cut output after grim Q4 ...
5 Feb 2009 source: iii.co.uk

HELSINKI, Feb 5 (Reuters) - Battered Nordic papermakers reported weak fourth-quarter results on Thursday, slashed their dividends, and said they would take aggressive action to improve pricing and profitability. The paper industry has struggled for six years to climb out of a slump, burdened by overcapacity and soft prices, and the global economic crisis has hit prospects for 2009 as deman ...


South Korean bonds fall on supply concerns, won
5 Feb 2009 source: iii.co.uk

SEOUL, Feb 5 (Reuters) - South Korean government bond prices fell on Thursday as investors traded with caution, as concerns linger over large treasury issuances aimed at boosting the local economy. The won's retreat against the dollar also pressured the debt market as a financial watchdog official warned that the nation may suffer a liquidity crunch again. "More and more people are buying i ...


Stock market report: Thuersday preview
5 Feb 2009 source: thisismoney.co.uk

This is Money5 February 2009, 7:37am The FTSE 100 is seen opening 47-58 points lower on Thursday, according to financial bookmakers, retreating after good gains on Wednesday with all eyes fixed on lunchtime interest rate decisions from both the Bank of England and the European Central Bank. Market watcher: Eyes will be on interest rate decision WANT TO KNOW MORE? Stock market report: Wednesday close Newspaper and magazine share tips OTHER STORIES Stock market report ...


Indian shares fall 1 pct; shipping gains
5 Feb 2009 source: iii.co.uk

MUMBAI, Feb 5 (Reuters) - Indian shares fell more than 1 percent on Thursday, weighed down by sluggish domestic demand and renewed U.S. economic concerns, but shipping companies bucked the trend on signs of a revival. Traders said lower-than-expected inflation failed to bolster sentiment, with talk of more rate cuts seen as hurting profit margins of banks because of their high-cost term deposits. ...


Nikkei falls on U.S. worry but China hopes help
5 Feb 2009 source: iii.co.uk

By Shinichi Saoshiro TOKYO, Feb 5 (Reuters) - Japan's Nikkei stock average fell 1.1 percent on Thursday as Canon Inc and other technology shares slipped on worries about the U.S. economy, but losses were stemmed as hopes for Chinese economic steps buoyed shippers and steel. In the United States, poor earnings from Kraft Foods and forecasts after the bell of a sharp loss for tech bellwethe ...


Nikkei falls on U.S. worry but China hopes help
5 Feb 2009 source: iii.co.uk

By Shinichi Saoshiro TOKYO, Feb 5 (Reuters) - Japan's Nikkei stock average fell 1.1 percent on Thursday as Canon Inc and other technology shares slipped on worries about the U.S. economy, but losses were stemmed as hopes for Chinese economic steps buoyed shippers and steel. In the United States, poor earnings from Kraft Foods and forecasts after the bell of a sharp loss for tech bellwether Cisco ...


UPDATE 1-Qatar annual inflation falls to 13.2 pct in Q4
5 Feb 2009 source: iii.co.uk

DUBAI, Feb 5 (Reuters) - Annual inflation in Gulf oil and gas producer Qatar eased to 13.16 percent in the fourth quarter as cost pressures from rents, fuel and energy eased, official data showed on Thursday. The rental index of the world's biggest exporter of liquefied natural gas gained 13.7 percent to Dec. 31 compared with a year earlier, Qatar Statistics Authority data showed. That was ...


UPDATE 1-Polish c.banker says should not cut rates-report
5 Feb 2009 source: iii.co.uk

WARSAW, Feb 5 (Reuters) - The Polish central bank should refrain from cutting interest rates in the coming months or limit any further easing as the diving zloty may push up inflation, a policy maker was quoted as saying on Thursday. "The zloty's weakening could have an impact on inflation already this year," Dariusz Filar, known as a hawk among the central bank's 10-strong rate- ...

 

Archive

© 2008 77Finance Ltd.
Partner Sites:  Retail Baltic | 77Agency | 77Finanza | Send a thought
77CityGuides:  77London | 77NewYork | 77Madrid | 77Paris | 77Turin | 77Sydney