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The unexpected softer retail sales in December, when Americans are usually on a shopping spree for the year-end festive season, seems to confirm that the recession has arrived on US shores.
Despite growing concerns that the US economy is moving into a recession, Second Finance Minister Tan Sri Nor Mohamed Yakcop is certain that Malaysia's market would remain resilient as it has multiple export nations.
A US recession is expected this year and could emerge as early as the first half, said Standard Chartered (StanChart) chief economist and group head of global research Gerard Lyons.
OSLO (Reuters) - Giant glaciers formed about 90 million years ago when alligators thrived in the Arctic, overturning the belief that all ice melts in a