Spain Jobless Rate up to 20.09 Percent
Spain’s unemployment rate rose to a 13-year high of 20.09 percent in the second quarter, the government said Friday, as the job market lagged behind an economy that has barely managed to break out of recession. Click here to read the full story
Read more..Another Recession Due Circa 2012: Jim Rogers
A new recession would be due around 2012 but central banks will not be able to throw cash at it anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC Tuesday. Click here to read the full story
Read more..World shares retreat after Wall Street tumble (AP)
World stock markets fell Monday after U.S. consumer confidence plunged and corporate results fell short of expectations, signs the world s biggest economy may be in danger of falling back into recession. Click here to read the full story
Read more..Euro Austerity Risks Recovery: Former UK FinMin
The UK government is taking major risks with its austerity measures and some European countries could slump back into recession, Alistair Darling, Shadow Chancellor of the Exchequer, told CNBC Thursday. Click here to read the full story
Read more..Will stocks keep rising? Profit reports may tell (AP)
Investors cast aside worries of another recession last week and bought stocks by the bucketful. This week brings hard evidence of whether they were right. Click here to read the full story
Read more..Retailers steepen discounts after choppy June
By ANNE D’INNOCENZIO 2010-07-08T19:14:19Z NEW YORK (AP) — Stores deepened discounts more than planned in June to draw recession-scarred shoppers to buy summer tops and other merchandise. But shoppers bought mostly items they needed, resulting in small revenue gains…. Click here to read the full [...]
Read more..Students receiving allowances up more than a quarter
The number of students receiving a student allowance increased by 26 per cent between 2008 and 2009, reflecting the financial burden the recession has placed on students, tertiary student leaders say.Ministry of Education figures… Click here to read the full story
Read more..NZ Dollar Outlook: Kiwi may reach 72 USc as GDP looms, yuan reset
The New Zealand dollar will likely move toward 72 US cents this week, with local data poised to show the economy is continuing to recover from its worst recession in 18 years, while Chinese officials indicated the yuan will resume… Click here to read the full story
Read more..We’re half way there, GDP data to show
The market expects to hear on Thursday that the economy expanded 0.5 per cent in the March quarter, which would make the fourth successive quarter of growth, a cumulative 1.8 per cent, since the recession.It would mean the economy… Click here to read the full story
Read more..Europe Recession Next Year ‘Almost Inevitable’: Soros
Europe faces almost inevitable recession next year and years of stagnation as policymakers’ response to the euro zone crisis causes a downward spiral, billionaire U.S. investor George Soros said on Tuesday. Click here to read the full story
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