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Business 03 Jan 2009 | 12:00 AM

China, India and Russia factories slash jobs and output

Factories in China, India and Russia slashed output and jobs at a record pace in December in another sign the world's largest emerging markets were wilting under the recession that has gripped most industrialised nations.

Business 03 Jan 2009 | 12:00 AM

Gold prices dip

NEW YORK (AP) - Gold prices edged lower in light post-holiday trading Friday as the dollar showed some strength against other major currencies.

Business 03 Jan 2009 | 12:00 AM

Wall Street enjoys upbeat start to 2009

Wall Street started the new year with a big rally Friday, as investors, brushing aside a disappointing report on manufacturing, sent the Dow Jones industrials up more than 250 points and to their first close above 9,000 in two noshade size=1 width=50%>

Business 03 Jan 2009 | 12:00 AM

A year after US$100, oil prices cut in half

Exactly one year after crude eclipsed $100 a barrel for the first time, 2009 trading began Friday with prices roughly half their year-ago levels, and some believe oil could be headed even lower.

Business 12 Jan 2009 | 12:00 AM

China’s premier Wen says stimulus showing results

Premier Wen Jiabao says China's efforts to break out of an economic slump amid global turmoil are starting to show results, with the economy performing better than expected in December, state radio reported.

Business 02 Feb 2009 | 12:00 AM

US recovery hopes placed squarely on lawmakers

Investors are hoping swift action on an economic stimulus plan will boost Wall Street this week after its worst January ever.

Business 03 Feb 2009 | 12:00 AM

Oil holds above US$40 Tuesday after more grim economic news(updated)

Oil prices held above $40 a barrel Tuesday in Asia after being dragged down overnight by more grim U.S. economic news that pointed to a deepening recession in the world's largest economy.

Business 03 Feb 2009 | 12:00 AM

US tech stocks rise but broader market declines

Investors worried about the recession have turned to a strategy of cherry-picking stocks - sending tech shares higher and industrials lower.---------------------------------------------------------------------

Business 03 Feb 2009 | 12:00 AM

US consumer spending falls again, drags down economy

WASHINGTON (AP) - U.S. consumers slashed spending for an unprecedented sixth straight month in December, feeding the already painful recession as millions of households opted to save rather than buy.

Business 03 Mar 2009 | 12:00 AM

US spending, manufacturing data point to more pain

WASHINGTON (AP) - Consumer spending and incomes rose more than expected at the start of the year, but the gains were seen as fleeting in light of the recession and the waves of layoffs battering Americans.