global economic growth

Subdued global cues pull gold prices by 2%

Times of India (Free subscription) | yesterday

Tracking weak global cues, domestic gold prices fell 2% to Rs 12,885 per 10gm on Monday as buying activities were restricted due to...

Canadian Currency Depreciates on the Outlook for Global Growth

Thompson Ahern E-News (Free subscription) | 28/11/2008

(Chris Fournier — Bloomberg) Canada’s currency weakened as commodities, European stocks and U.S. equity-index futures fell, reflecting concern that global economic growth will slow. “Risk aversion is dominating trading, whether we look at equities or commodity-based currencies,” said Matthew Strauss, senior currency strategist at RBC Capital Markets in Toronto. “We can look at...

Bad Economy Could Cause China Crackup

1913 Intel (Free subscription) | 17 hours ago

Don’t believe me? Here is what President Jintao Hu said over the weekend at a party meeting: “In this coming period, we will starkly confront the effects of the sustained deepening of the international financial crisis and pressure as global economic growth clearly slows. … Whether we can turn this pressure into momentum, turn challenges into [...]

• Bad Economy Could Cause China Crackup - US News

Recession tipped to be over next year

New Zealand Herald (Free subscription) | yesterday

A pick-up in consumer spending will haul the economy out of recession in the first half of next year, the New Zealand Institute of Economic Research predicts. Other forecasters, including the BNZ and ANZ National Bank, take a rather...

Bad Economy Could Cause China Crackup

US News (Free subscription) | yesterday

I have written a series of blog posts warning about the geopolitical and economic fallout of a sharp slowdown in China's economy. Simply put: Slower growth could lead to dangerous political instability. The sole source of the authoritarian government's legitimacy has been its ability to deliver an even-rising standard of living for more than a generation. Don't believe me? Here is what...

Rate-cut expectations increase

Daily News Analysis (Free subscription) | 30/11/2008

Falling inflation, indications of economic slowdown among the reasonsThe 10-year benchmark government bond yield fell to its lowest in three years on the back of strong rate-cut expectations.The market is expecting the Reserve Bank of India (RBI) to cut policy rates before its policy review meet in January 2008. The rate-cut talk is fuelled by a sharp fall in inflation, expectations of growth...

China urges practical steps to help developing countries

Xinhuanet (Free subscription) | 30/11/2008

China on Saturday called for efforts to create global development partnerships and urged the international community to take practical steps to help developing nations.

China's president warns of deeper downturn

Globe and Mail (Free subscription) | 30/11/2008

Hu's comments are the latest in a string of official warnings about the country's once breathless growth record

President Hu's participation in APEC meeting, state visits successful, fruitful

Xinhuanet (Free subscription) | 27/11/2008

President Hu's participation in the Economic Leaders' Meeting of the APEC forum on Nov.17-26 and his state visits are rich in content and fruitful in result.

Japan industrial output tumbles in October

ireland.com (Free subscription) | 28/11/2008

Chinese insurer Ping Ang provided a striking illustration of the global nature of the crisis when, according to a government source, it asked the Chinese government to help seek compensation from Belgium over its losses in the European financial group Fortis after the group's nationalisation. India, like China a major contributor to global economic growth in recent years,...

Japan output fall worse than expected

Reuters UK (Free subscription) | 28/11/2008

By Tomasz Janowski and Ralph BoultonSINGAPORE/LONDON (Reuters) - Japan's industrial output tumbled in October, evoking memories of a decade-long stagnation in the 1990s, while major European companies warned of harsh times ahead.Chinese insurer Ping Ang provided a striking illustration of the global nature of the crisis when, according to a government source, it asked the Chinese government...

Mining-merger plan caves in

Denver Post (Free subscription) | 26/11/2008

Mining leader BHP Billiton abandoned its hostile bid to acquire Rio Tinto on Tuesday, citing turmoil in financial markets, uncertainty about the global economic outlook and regulatory concerns in Europe.

An ominous 2009 looms

Vietnam Business Finance (Free subscription) | 25/11/2008

Loosened monetary and fiscal policies, increased exports, demand stimulus via enhanced investments and a secure social welfare system will be the principal tasks for the nation to keep the targets within reach.The message was sent by Prime Minister Nguyen Tan Dung at the annual review of planning and investment agencies in Hanoi last week to look at Vietnam’s socio-economic development plan...

BHP ends bid for Rio Tinto Group

Deseret Morning News (Free subscription) | 26/11/2008

BHP Billiton, the world's largest mining company, abandoned its hostile bid to acquire Rio Tinto Group on Tuesday, saying turmoil in financial markets, uncertainty about the global economic outlook and regulatory concerns in Europe meant the deal was no longer in the best interests of its shareholders.

Agriculture export drop’s sting in the tail

Vietnam Business Finance (Free subscription) | 25/11/2008

... crude oil export revenue is expected to decline by 33.25 per cent on-year to $1.25 billion.Low global prices and demand are said to be the major reasons behind the reduction in Vietnamese farming exports in November and December.The VITIC said Viet Nam would export 180,000 tonnes of coffee worth $275 million in the period, down 16.7% in volume and 25.8% in value year-on-year. The average...