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Business 03 Mar 2009 | 12:00 AM

Australian inventories dip

Australian firms ran down inventories at the fastest pace in 22 years last quarter, dramatically increasing the risk of an outright contraction in the economy and adding to the case for a rate cut this week.

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.

Business 05 Mar 2009 | 12:00 AM

Economy may contract by1.19% in 2009

The Malaysian economy will most probably see a full blown recession this year given the steep deterioration in recent economic activities both locally and globally.

Business 05 Mar 2009 | 12:00 AM

Businessmen see no improvement ahead in US economy

After a dismal start to 2009, business people see more pain ahead, expecting no improvement in U.S. economic conditions till late this year at the earliest.

Business 17 Mar 2009 | 12:00 AM

Japan issues bleak report on company earnings

The Tokyo government gave a bleak assessment of Japanese company profits yesterday after Federal Reserve chairman Ben S. Bernanke said the chief threat to US recovery from recession was a lack of political will.

Business 30 Mar 2009 | 12:00 AM

How will Wall Street fare this week?

The coming week may well be a turning point for the stock market and its March rally.

Business 30 Mar 2009 | 12:00 AM

US stocks bulls may hit the pause button

US STOCKS are set to run into some turbulence this week as investors pause to gauge if profit expectations and economic prospects will justify the market's further advance from the 12-year lows touched earlier this month.

Business 02 Apr 2009 | 12:00 AM

Oil falls below $49 amid gloomy data

HOUSTON (AP): Oil prices staged a late rally but still closed below $49 a barrel Wednesday, as more signs of a sick economy fueled worries about energy consumption. The U.S. oil inventories are now at levels not seen in more than 15 years.

Business 02 Apr 2009 | 12:00 AM

Wall Street begins 2nd quarter slightly higher

Wall Street began the second quarter on solid footing Wednesday as better-than-expected economic reports helped the market extend a four-week rally.

Business 03 Apr 2009 | 12:00 AM

US stocks extend 4-week rally; Dow breaches 8,000

Investors dove into stocks Thursday, extending a rally that gave the Dow Jones industrial average its best four weeks since noshade size=-1 width=50%>