InfoAnda - Hopes for recession turnaround take a hit

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Katy Perry Tops Billboard Hot 100 For Second Week With "California Gurls" | 21 June 2010
Eminem's new Hollywood posse: Detroit auto workers | Entertainment | | 14 May 2009
Pakistani rupee trades at record low of 84.55 | 16 December 2009

AdWatch: TV ad war begins over health overhaul | 7 July 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Hopes for recession turnaround take a hit

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Hopes for recession turnaround take a hit AFP - Wednesday, April 8 BRUSSELS (AFP) - - A grim forecast for East Asia and news of a deeper than feared recession in the eurozone unsettled investors Tuesday and revived fears the current downturn has longer to run. ADVERTISEMENT Following a World Bank report that East Asia would see a sharp drop in growth this year, preventing millions from escaping poverty, there was a spate of disappointing data from Europe. British manufacturing output recorded its largest annual decline in 28 years, 13.8 percent, in February, when it fell for the 12th straight month. The Eurostat statistics agency said the 16-nation eurozone suffered a 1.6 percent contraction in fourth quarter 2008, a weaker performance that the 1.5 percent reported in March. "The negative European GDP numbers were worse than expected," said Manus Cranny, markets commentator at MF Global Spreads in London. "They are a stark reminder that 2009-2010 is going to be an incredibly tough year." Near the half-way stage in Europe, the London market had fallen 1.84 percent, Frankfurt 1.21 percent and Paris 1.52 percent. All three wiped out earlier gains. "Worryingly, it is far from inconceivable that the eurozone GDP contraction was even deeper in the first quarter of 2008, given largely dire data and survey evidence," warned IHS Global Insight economist Howard Archer. The World Bank in another study meanwhile forecast that Ukraine's economy would shrink 9.0 percent this year and warned that government mishandling of anti-crisis measures could make things even worse. The ratings agency Fitch said it had placed the long- and short-term debt ratings of another former Soviet state, Georgia, on its negative watch list. The agency warned that domestic political tensions could hamper efforts to boost confidence and revive momentum despite substantial international financial aid. In Ireland, the first eurozone economy to fall into recession, the government was to unveil an emergency budget to counter a double-digit unemployment rate and prospects for a 6.75 percent growth contraction this year. Prime Minister Brian Cowen has said the budget, including tax hikes and spending cuts, will be only a first step on a painful austerity path. "There is no silver bullet ... that solves the problem overnight," warned Cowen. Asian markets closed mostly lower on Tuesday as investors took profits from a four-week rally following an overnight slide on Wall Street. Tokyo lost 0.28 percent, Hong Kong 0.46 and Sydney 1.34 percent as the region's dealers decided to ease up from a buying spree that has lasted since the beginning of March. Singapore gave up 2.47 percent. As investors took in Monday's news that Japan plans to spend 100 billion dollars on new stimulus measures to boost Asia's biggest economy, the country's central bank said it would hold its super-low 0.1 percent lending rate. The Australian Reserve Bank meanwhile cut its benchmark rate by a quarter point to a 49-year low of 3.0 percent, noting that the effects of economic stimulus measures in major countries were "not yet discernible." Regional market sentiment was dented Tuesday following the World Bank's projection that developing nations in East Asia faced a pronounced slowdown in economic growth and a "painful surge" in unemployment. Economic growth will slow to 5.3 percent in 2009, down from 8.0 percent last year and 11.4 percent in 2007, the Bank said in a report on the region which excludes Japan, Hong Kong, South Korea, Singapore and Taiwan. In December, it had forecast growth of 6.7 percent this year. The world Bank said however that there have been tentative signs the all-important Chinese economy might be stabilising thanks to Beijing's huge stimulus spending package, with a recovery "likely to begin this year and take full hold in 2010." Nonetheless, an additional one million people -- according to official data -- became unemployed in the region over the year to January, leaving about 24 million without work. In reality the situation is even worse, the Bank said. "Recent numbers are likely to be only the beginning of a painful surge in unemployment throughout the region," it concluded. The crisis means that 10 million more people in the region will remain in poverty in 2009 than was expected just a year ago. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Enlarge Photo The southern Chinese port city of Shenzhen. A grim forecast for East Asia and news of a deeper than feared recession in the eurozone unsettled investors and revived fears the current downturn has longer to run. Most Popular – Top Stories Viewed Journalists get shock with 'sexy' White House call World's first hands, face transplant Dubai shrugs off crisis with new budget airline Explosives chemical found in US baby formula Fed strikes currency swap deal with central banks View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Tuesday, 7 April 2009
Iran's Ahmadinejad says waiting for U.S. policy change | International |
Venezuela cracks down on anti-Chavez leaders | International |
Four blasts in India's Assam kill 8 before PM visit | International |
Yahoo looks outside its walls with new music service | Technology |
Sun tumbles as IBM talks fail, outlook uncertain | Technology |
Time Warner laying ground for possible AOL spin | Technology |
AP cuts newspaper rates, moves to protect web news | Technology |
Two Crichton novels to be published posthumously | Entertainment |
Italy finds quake survivors, but hopes fading | International |
Japan seeks strong U.N. response on North Korea rocket | International |
Seven car bombs kill 37 across Baghdad
Cuba's Raul Castro meets U.S. officials | International |
Venezuela's Chavez backs Obama's conflict-free call | International |
Series of bombings in Baghdad Shiite areas kill 37
Obama says U.S. is not at war with Islam
Italy quake kills at least 179; scores saved
Israeli police demolish home of Jerusalem attacker
Fed strikes currency swap deal with central banks
Dubai shrugs off crisis with new budget airline
As Iraq rape trial begins, attorneys attack law
Nigeria dismisses U.S. warning of possible attack | International |
World's first hands, face transplant
Blair: Skepticism about peace after Netanyahu win
Black Monday in Baghdad as car bombings kill 32
Asian summit to discuss rocket and recession | International |
Crisis-hit Russia faces tough year: Putin
Massive earthquake hits off Kuril Islands | International |
US automaker Ford slashes debt by 9.9 bln dlrs
Cuba's Raul Castro meets US lawmakers
Salesforce offers customers free service | Technology |
Raul Castro meets with 6 visiting US lawmakers
Page first turned on e-book idea long ago | Technology |
US fighter jets scramble, chase stolen plane
Labels bet flexibility boosts iTunes sales | Technology |
US-TECH Summary
Gates urges 'reform,' cuts in US weapons programs
Salesforce offers customers free mobile service
Obama to wrap up Europe tour
Industries, countries scrap over high-tech metals
Report: Number of attacks on aid workers surges
Tough times for Poles in Ireland
Son says accused nazi guard has illness
Labels bet flexibility boosts iTunes sales
Experts argue if NKorea's launch suggests progress
Page first turned on e-book idea long ago
Chechnya doesn't need independence: Kadyrov
Clinton pressing UN on North Korean launch
Italian rescuers hunt survivors as quake kills 179
NASA astronaut to send Twitter updates
Nazi guard Demjanjuk to fight deportation order
French police find huge ETA explosives cache
Foreign telecom barriers hindering competition: US
AP to take on Web piracy, cut rates
Salesforce offers customers free mobile service
Chris Brown pleads not guilty in Rihanna abuse case | Entertainment |
Paul-and-Ringo duet thrills Beatles fans at benefit | Entertainment |
Budget-conscious Hollywood in grip of remake fever | Entertainment |
Dutch soldier, 4 insurgents killed in Afghanistan
Malaysia to revive caning in schools
Gossip writer out of job after Wolverine review | Entertainment |
Fire damages Beijing museum built for Olympics
Unusuals brings offbeat humor to cop drama | Entertainment |
Sri Lankan president says rebel myth shattered
Actors union negotiators meet, deal report said premature | Entertainment |
US seeks strong response to NKorea rocket launch
China launches sweeping health care reform plan
Khmer Rouge jail chief details torture methods
US: 4 insurgents killed in southern Afghanistan
Budget-conscious Hollywood in grip of remake fever
OneAsia Tour's Pine Valley Beijing Open called off
Jackie Earle Haley to be Freddy in 'Elm St' remake
Thai PM vows to prevent 'civil war'
Breakthrough in Hollywood actors' deadlock: report
Hollywood warns Bollywood on 'Button' remake
S.Korean won ends down 0.6 pct on bank worries
Seoul shares end at new 6-month high; techs up
FACTBOX-S.Korea's $2 bln sovereign bond sale at a glance
US-ENTERTAINMENT Summary
World Bank: East Asia faces slower growth
Budget-conscious Hollywood in grip of remake fever
Japan's central bank keeps interest rate unchanged
Tehran wall art illustrates peace offensive
Vietnam to raise minimum state salary by 20 pct
Israel hopes pope helps image, brings cash
World Bank: China's recovery could start this year
Paul-and-Ringo duet thrills Beatles fans at benefit
Philippines March inflation slows to 6.4 percent
Miley Cyrus still adjusting to life as a superstar
SKorea-US trade deal could come sooner: advocate
"Unusuals" brings offbeat humor to cop drama
Singing serial killer faces death sentence
Korea Hot Stocks
Gossip writer out of job after "Wolverine" review
Review: `Observe and Report' should cease, desist
Singer Chris Brown denies Rihanna assault
Moldovan protests turn violent after Communist win | International |
Israel destroys part of Palestinian attacker's home
Baghdad car bomb kills 9 in Shi'ite area | International |
Pakistan, U.S. stress trust, disagree on drones | International |
As Iraq rape trial begins, attorneys attack law
Spain sacks economy chief as government struggles | International |
Merkel cuts short surprise Afghan trip
Ailing lender RBS to cut up to 9,000 jobs
Peru's Fujimori convicted of human rights crimes | International |
Sudan's Bashir vows to try Darfur war criminals | International |
Britain's ailing RBS to cut up to 9,000 jobs
Israel carries out missile test: Defense Ministry | International |
Hopes for recession turnaround take a hit
Gunman kills one, then self, in German court shooting | International |
Shooter kills one, then self at German court
East Asia faces slower growth: World Bank
US seeks strong response to NKorea launch
Obama ends Europe trip with tour of Istanbul mosque
Obama: Accord on climate will be tough
Australia to invest $31 billion in broadband | Technology |
Castro welcomes US lawmakers
Google helps, not hurts newspapers, executive says | Technology |
Australia to build $31 billion broadband network
At least two dead in German court shooting
Scuffles as London police end Tamil demo
Chris Brown pleads not guilty in Rihanna abuse case | Entertainment |
China moves to make competitive publishing giants
Original Beatles digitally remastered | Entertainment |
McCain urges respect of human rights in Vietnam
Malaysia's ruling coalition wins first of 3 votes
Ex-Khmer Rouge tells how he put prisoners in pits
Elephant tramples Dutch tourist to death in India
UNESCO gives posthumous award to Sri Lankan editor
Australia to build $30 bln broadband network
Pakistani stocks end at highest close this year
Protestors trap Thai PM inside beach hotel
Rare megamouth shark caught, eaten in Philippines
S.Korea orderbook reaches $2 bln in bond sale-source
Philippine inflation eases to 6.4 percent in March
Bank of Japan leaves interest rates unchanged
S.Korea to set up $3 bln fund to buy ships -report
Pakistan's monetary policy may ease -central bank
LaBelle, Jones to be honored at Apollo concert
Taiwan dlr falls on risk concerns, c.bank movement
Part of 'Cuckoo's' hospital to be saved for museum
World Bank sees shrinking China exports in 2009
Imported Bruennhilde has some success in Met debut
ADNOC to visit South Korean refiners
Police fire shots at demonstrators in Papua
An overview of Indonesia's parliamentary elections
Indonesia prepares for parliamentary elections
Singapore News
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01