Stocks extend prior day's sell-off after jobs report fails to ease concernsSeptember 2nd, 2009 Stocks drift lower after jobs dataNEW YORK — The stock market lost more ground Wednesday after a private sector report on unemployment failed to ease investors' concerns about job losses. Stocks fell modestly in early trading after the ADP National Employment Report said employment fell by 298,000 in August following a revised loss of 360,000 jobs in July.
Chinaese exports fall 22.9 percent in July, imports down 14.9 percentAugust 11th, 2009 Chinese exports, imports fall sharply in JulyBEIJING — China's government says the decline in the country's exports and imports accelerated in July amid weak global consumer demand. Tuesday's report by the Chinese customs agency says exports were down 22.9 percent from a year earlier, while imports fell 14.9 percent.
Government reports China's exports fall 22.9 percent in July, imports down 14.9 percentAugust 11th, 2009 China's exports, imports fall sharply in JulyBEIJING — The decline in China's imports accelerated in July despite a rise in economic growth, while exports also fell more sharply amid weak global demand, data showed Tuesday. Imports fell 14.9 percent from a year earlier, compared with a 13.2 percent decline the previous month, the customs agency reported.
Textile sector still far from recovery: AssochamAugust 3rd, 2009 NEW DELHI - Though the overall economy has started showing signals of an early recovery, the country's textile sector, the second largest employment provider, is still struggling with the slowdown, an industry report said Monday. The report by the Associated Chambers of Commerce and Industry (Assocham) said decline in textile exports and massive layoffs in the industry were still continuing.
Port operator DP World says cargo throughput at its ports fell 10 percent in first halfJuly 30th, 2009 DP World says business at ports drops 10 pct in 1HDUBAI, United Arab Emirates — Cargo handler DP World said Thursday business at its ports dropped 10 percent in the first half of 2009 as the shipping industry struggles through its worst slump in memory because of the global recession. The Dubai-based port operator said it moved the equivalent of 12.3 million 20-foot (6-meter) shipping containers through ports it runs around the world between January and June.
Global IT spending to dip 6 percent in 2009: GartnerJuly 7th, 2009 NEW DELHI - The global spending on IT is expected to dip six percent to $3.2 trillion in 2009 from $3.4 trillion in the previous year, a report released here Tuesday said. According to the forecast made by Gartner Inc, a leading global IT research and advisory company, the economic situation combined with the effect of exchange rate movements has resulted in continued weak IT spending.
Global crisis hit Indian jobs, improvement in sight: Economic SurveyJuly 2nd, 2009 NEW DELHI - Though comprehensive job loss data is not available for the current financial year, the Economic Survey Thursday said the financial crisis hit the Indian job market in the last quarter of 2008 but improvement in the employment situation was in sight. Quoting a labour ministry survey, it said during October-December 2008, there was decrease in employment of about half a million workers".
Orissa's iron and steel industry performance dipsJune 21st, 2009 BHUBANESWAR - The iron and steel industry in Orissa has recorded negative trends in its performance parameters between October 2008 and March 2009, compared to the previous two quarters of 2008-09, an industry report released Sunday said. "There has been a decline in the industry's production by 10-12 percent," the first bi-annual industry monitor report by the regional chapter of the Confederation of Indian Industry (CII) said.
Stocks open lower on worries over labor market, economy following 4-day advanceJune 3rd, 2009 Wall Street opens lower after advanceNEW YORK — Worries about the labor market and the overall health of the economy sent stocks lower early Wednesday. The decline in U.S.
NY budget official predicts end to recession later this year, but doesn't expect major reboundApril 28th, 2009 NY budget official: Recession to end later in yearALBANY, N.Y. — New York state budget officials predict the national recession will end sometime in the third quarter of 2009.
Finnish unemployment continues climb to 8.3 percent in MarchApril 28th, 2009 Finland's March unemployment at 8.3 percentHELSINKI — Finland's unemployment rate continued its rise last month, to 8.3 percent, and the government on Tuesday warned of tougher times ahead. Statistics Finland said the rate was up from 6.8 percent in March 2008 and 7.6 percent in February this year.
Online travel finally expected to decline, PhoCusWright saysApril 27th, 2009 PhoCusWright says online travel finally downSHERMAN, Conn. — The recession is finally taking its toll on online travel, with a decline in revenues this year forecast by PhoCusWright, the travel industry research company.
Job creation nearly halved in first three months: IndustryApril 12th, 2009 NEW DELHI - Employment generation in India fell 49 percent during January-March this year, largely due to a slow growth of services industries like IT and banking, according to an industry lobby survey. 'The Assocham placement parameter (APP) Index (the body's index for measuring employment generation) has shown a steep fall of 49 percent and has came down to 509.72 from the base value of 1,000,' the Associated Chambers of Commerce and Industry (Assocham) said in a statement.
'Only 35 days employment under rural job scheme in Chhattisgarh'February 23rd, 2009 RAIPUR - Chhattisgarh provided employment of just 35 days per household on an average in fiscal 2007-08 under the National Rural Employment Guarantee Scheme (NREGS) that ensures 100 days of employment in a financial year to any registered rural household. 'Employment is to be provided within 15 days of demand under the NREGS.
Decline in global air traffic continues, cargo hit hardestDecember 29th, 2008 GENEVA - While airlines have reduced their capacity in order to cope with the expected global economic downturn, the drop in air travel was steeper than the companies could keep up with, statistics released Tuesday showed. November saw a 4.6 percent drop in international passenger traffic, the third consecutive month of decline, and cargo fell by 13.5 percent, according to the International Air Transport Association.
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