Norway's StatoilHydro posts zero profit in 2Q, cites lower crude and gas pricesAugust 4th, 2009 Norway's StatoilHydro 2Q profit falls to zeroOSLO — Norwegian oil company StatoilHydro ASA on Tuesday saw its profits vanish in the second quarter and cited lower crude and gas prices. The state-controlled oil concern said its net profit for April through June period plummeted to zero kroner from 18.9 billion kroner ($3.1 billion) in the same time last year, when oil prices soared.
DLF net profit down 79 percent in first quarterJuly 31st, 2009 MUMBAI - Realty major DLF Friday reported a 79 percent drop in its net profit to Rs.396 crore for the quarter ended June 30 from Rs.1,863.97 crore in the same quarter, the previous fiscal. The company's total income also slipped to Rs.1,649.86 crore, a 57 percent drop from the previous corresponding quarter's Rs.3,810.62 crore.
Singapore Airlines posts first quarterly loss since 2003 as revenue plungesJuly 30th, 2009 Singapore Airlines posts first loss since 2003SINGAPORE — Singapore Airlines Ltd. posted its first quarterly loss since 2003 as tourism dropped and travelers sought budget carriers amid a global recession.
UK Q2 GDP down 0.8 percent, following 2.4 percent drop in 1QJuly 24th, 2009 UK Q2 GDP down 0.8 percentLONDON — Official data shows Britain's economy shrank by 0.8 percent in the second quarter, the fifth straight quarterly decline and worse than analyst forecasts of a drop of 0.3 percent. The figure released Friday is a marked improvement over the 2.4 percent decline in the first quarter but confirms that the economy is still in recession.
Singapore's exports drop 11 percent in June from year earlier, show little sign of improvementJuly 17th, 2009 Singapore exports drop, show little improvementSINGAPORE — The slump in Singapore's non-oil exports eased only slightly in June, suggesting the city-state's economy still faces a tough battle after emerging from recession in the second quarter. Exports fell 11 percent in June from the same month of 2008 to 11.4 billion Singapore dollars ($7.9 billion) following a 12 percent drop in May, according to Trade and Industry Ministry figures released Friday.
Singapore May retail sales fell 10 percent as shoppers shun big-ticket purchasesJuly 15th, 2009 Singapore retail sales fall 10 percent in MaySINGAPORE — Singapore retail sales dropped for an eighth consecutive mouth in May as recession-weary shoppers stayed away from big-ticket items such as cars and jewelry. The statistics department said Wednesday that retail sales fell 10.3 percent from a year earlier after dropping 11.7 percent in April and 7.3 percent in March.
Singapore says economy jumps 20 percent in second quarter, raises 2009 growth forecastJuly 14th, 2009 Singapore's economy emerges from recession in Q2SINGAPORE — Singapore's economy grew for the first time in a year, soaring 20 percent in the second quarter, a sign Asia is emerging from the global slump. Gross domestic product jumped an annualized, seasonally adjusted 20.4 percent in the three months through June from the previous quarter, the Trade and Industry Ministry said Tuesday in a statement.
Oil rises above $70 in Asia as a drop in US crude inventories suggests demand pick-upJuly 1st, 2009 Oil rises above $70 as US crude inventories dropSINGAPORE — Oil prices rose above $70 a barrel Wednesday in Asia as a drop in U.S. crude inventories suggested demand may be picking up.
Oil rises to near $71 in Asia as a drop in US crude inventories suggests demand pick-upJuly 1st, 2009 Oil rises to near $71 as US crude inventories dropSINGAPORE — Oil prices rose to near $71 a barrel Wednesday in Asia as a drop in U.S. crude inventories suggested demand may be picking up.
Singapore's exports drop 12 percent in May from year ago, but show signs of improvementJune 17th, 2009 Singapore exports drop again, but show improvementSINGAPORE — The slump in Singapore's non-oil exports eased in May, suggesting the most important sector of the city-state's economy is stabilizing. Exports fell 12 percent in May from the same month of 2008 to 10.9 billion Singapore dollars ($7.5 billion) following a 19 percent drop in April, according to Trade and Industry Ministry figures released Wednesday.
Singapore Airlines quarterly profit drops 92 percent as global slowdown hurts demandMay 14th, 2009 Singapore Airlines profit plunges as demand wanesSINGAPORE — Singapore Airlines Ltd. said its January-March profit plunged 92 percent as travelers cut down on trips amid a global economic slowdown.
Singapore stocks jump 5.6 percent to 6-month high as optimism on the economy spurs banksMay 4th, 2009 Singapore stocks rise 5.6 percent to 6-month highSINGAPORE — Singapore stocks jumped to a six-month high Monday on growing investor optimism that the worst of the global economic downturn may be over. The Straits Times index rose 108.43, or 5.6 percent, to 2,028.71.
Singapore unemployment jumps to 3.2 percent in 1st quarter as manufacturing sheds jobsApril 30th, 2009 Singapore unemployment jumps to 3.2 percentSINGAPORE — The number of jobless Singaporeans jumped in the first quarter to its highest since 2005 as a slump in global trade pummeled the city-state's exports and sparked manufacturing layoffs. The unemployment rate rose to a seasonally adjusted 3.2 percent in March from 2.5 percent in December and 1.9 percent in March 2008, Singapore's Manpower Ministry said in a statement Thursday.
Singapore manufacturing plunges 34 percent in March as demand for exports collapsesApril 24th, 2009 Singapore's manufacturing slump worsens in MarchSINGAPORE — The slump in Singapore's manufacturing accelerated in March as the global collapse in demand for exports continued to batter the tiny Southeast Asian city-state. Industrial production fell 34 percent from a year earlier and dropped a seasonally adjusted 14 percent from February, the Trade and Industry Ministry said Friday.
Singapore tourist arrivals drop 13 percent in March amid global travel slowdownApril 23rd, 2009 Singapore tourism drops 13 percent in MarchSINGAPORE — Singapore tourism fell 13 percent in March as a global recession undermined travel, another blow to the Southeast Asian city-state which is reeling from its worst economic downturn on record. Tourist arrivals dropped to 790,000 in March from 911,000 in the same month a year earlier, the Singapore Tourism Board said Thursday.
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