Packaging makers decline with market as Moody’s forecasts weak demand, slow market recovery

September 18th, 2009 Oil below $72 on concerns demand recovery slowOil prices weakened Friday, dampened by concerns that a recovery in U.S. demand may be slower than expected and as stockpiles of refined products continued to rise.

September 8th, 2009 NEW DELHI - For the first time since February, gold prices crossed 1,000 dollars an ounce on Tuesday, as investors sought a safe haven due to the dollar's weakness and worries about the sustainability of the global economic recovery. India's gold demand normally rises between August and October, when consumers buy bullion for auspicious reasons to celebrate major festivals such as Dussera, Diwali and Dhanteras.

August 18th, 2009 Oil hovers near $67 amid mixed economic signalsSINGAPORE — Oil prices hovered near $67 a barrel Tuesday in Asia as investors looked for clues on the strength of the global economic recovery. Benchmark crude for September delivery was up 12 cents to $66.87 a barrel by midday in Singapore in electronic trading on the New York Mercantile Exchange.

August 17th, 2009 Oil falls below $66 on weak US consumer confidenceSINGAPORE — Oil prices fell below $66 a barrel Monday in Asia on investor concerns that crude demand will remain weak amid a slow global economic recovery. Benchmark crude for September delivery was down $1.63 to $65.88 a barrel by late afternoon in Singapore in electronic trading on the New York Mercantile Exchange.

August 17th, 2009 Oil falls below $67 on weak US consumptionSINGAPORE — Oil prices slipped below $67 a barrel Monday in Asia on investor concerns crude demand will remain weak amid a slow global economic recovery. Benchmark crude for September delivery was down 59 cents to $66.92 a barrel by midday in Singapore in electronic trading on the New York Mercantile Exchange.

August 17th, 2009 Oil falls below $66 on worries of slow recoveryLONDON — Oil prices fell below $66 a barrel Monday as investors worried that crude demand will recover only slowly in the U.S. and brushed off upbeat economic growth data from Japan.

August 10th, 2009 Meltdown 101: Why unemployment will lingerThere is a growing sense among economists that the worst of the recession might be over. Unfortunately, the same can't be said for the labor market.

August 7th, 2009 Sector snap: Apparel makers riseNEW YORK — Shares of apparel makers jumped on Friday, part of a broader market rally, a day after many reported weak same-store sales in July. On Thursday, retailers reported overall sales in stores open at least one year fell 5 percent in July, according to a tally by The International Council of Shopping Centers and Goldman Sachs.

August 1st, 2009 WASHINGTON - The American economy may be heading out of the woods with new government numbers showing signs of easing recession laying the groundwork for growth in the months ahead. But the job market still remains weak with working people haunted by fear of layoffs.

July 10th, 2009 IEA forecasts strong rebound in oil demandPARIS — Global oil demand will rebound 1.7 percent next year as recovery in developing countries helps counter a two-year drop in oil usage sparked by the global recession, the International Energy Agency said Friday. The Paris-based agency predicted Friday in its closely watched monthly survey that global oil demand will increase by 1.4 million barrels a day in 2010 to 85.2 million barrels a day.

July 7th, 2009 German luxury car makers see sales dips narrowFRANKFURT — German luxury carmakers BMW and Daimler said their June sales slipped lower from a year ago, but the overall decline slowed. Both companies said they were cautiously optimistic that market may start to improve sooner than later.

May 14th, 2009 Oil demand seen dropping at fastest pace since '81PARIS — Oil consumption will this year fall at the sharpest pace since 1981 due to the crisis afflicting world economies, the International Energy Agency said Thursday as it made new cuts to its forecast for crude demand. In its closely watched monthly survey, the Paris-based agency said it now expects global oil demand to fall 3 percent to 83.2 million barrels a day this year, or 2.6 million barrels a day less than in 2008.

May 5th, 2009 NEW DELHI/GURGAON - The decline in foreign investment in India has taken a huge toll on sectors like real estate, manufacturing, infrastructure and even art, which was bolstered by demand from globalization's nouveau riche here and abroad. In the last quarter of 2008, the Indian economy's growth rate plummeted to about 5.3 percent, the lowest in five years.

April 30th, 2009 Fuel credit boosts International Paper's 1Q 93 pctNEW YORK — International Paper Co.'s first-quarter profit nearly doubled, as a huge tax credit for alternative fuel use offset sluggish sales of printing papers, consumer packaging and timberland. Like other paper makers, IP is getting a boost from a federal program designed to encourage use of alternative fuels, including a blend of diesel and a substance known as "black liquor" that comes from producing pulp.

April 29th, 2009 Central bank: Singapore recession likely bottomedSINGAPORE — Singapore's central bank says the city-state's worst recession likely bottomed in the first quarter, but faces a tepid recovery amid weak export demand. The economy could shrink as much as 9 percent this year as a "deep and prolonged" global downturn batters exports, which account for about 60 percent of GDP, the Monetary Authority of Singapore said in a quarterly report Wednesday.