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PUTRAJAYA: The worsening external economic situation has prompted a revision of the country's economic performance to a contraction of between 4% and 5% for this year from a contraction of 1% and a growth of 1% before.
SEOUL: South Korea's economy is showing encouraging signs of recovery but prospects for a full-fledged revival remain cloudy, the country's financial regulator said Friday.
LONDON/TOKYO: Major companies have announced more job cuts and losses, adding weight to a downbeat report on US consumers and reminding investors the global economy isn't in recovery yet.
AS recession rolls on, the Federal Reserve has come out with the big guns. The Fed is now conducting monetary policy in ways that neither the US economy nor any other economy has seen before. It is very broad based, very comprehensive and very aggressive.
HONG KONG (Reuters) - Thousands of people were expected to turn out for a democracy march in Hong Kong on Saturday marking the ninth anniversary of the former British colony's return to Chinese rule.