Market latest: Australia - ninemsn
January 8th, 2009Market latest: Australia - ninemsn
SYDNEY, Jan 8 (Reuters) - Australian approvals to build new homes registered their biggest fall in six years in November, reinforcing the case for more interest rate cuts as policymakers battle to avoid a recession. The data, along with the latest
Economic fears hit Nikkei, tech and oil shares slide - Reuters UK
TOKYO (Reuters) - Japan’s Nikkei average looked set to snap a 7-day winning streak on Thursday, sliding 2.3 percent after surprisingly bad U.S. jobs data and an Intel Corp ( INTC.O ) revenue warning fanned fears about the U.S. economy. Kyocera Corp
Apartment rents show first decline in over 5 years - Yahoo News
BOSTON (Reuters) – Average rents for U.S. apartments fell in the fourth quarter, as a sharp economic downturn and rising unemployment left Americans unwilling to pay higher prices, according to data released on Wednesday. Rents fell 0.4 percent in
Meltdown 101: How one company defies bad economy - Associated Press
Each passing day seems to drop a fresh dose of bad news on the economy. The Dow Jones industrial average saw yet another decline Monday. Aluminum producer Alcoa Inc. said on Tuesday it plans to shed more than 13,000 jobs. But then Wednesday rolled
Home buyers advised to look before they leap - Marketwatch
Buyers who lose their jobs or who stay in their homes for less than seven years stand to incur substantial losses as home prices decline further in 2009 and the U.S. experiences more moderate home-price appreciation going forward,” Fox-Pitt said. “We
Conference Highlights Need for Honesty in Real Estate - The Epoch Times
NEW YORK—The real estate market has become a focus in the current financial crisis. On Wednesday, real estate agents, brokers, and business owners from across the nation came to Manhattan for the three-day-long Real Estate Connect conference to
Crude prices retreat after hitting $50 - English Eastday
Crude futures retreated after hitting 50 U.S. dollars a barrel as the weak economic data refreshed demand concerns. The U.S. government said orders to factories fell for a record fourth straight month in November. The 4.6 percent decline was nearly
US Home prices decline - RTT News
(RTTNews) - Home prices in 20 major U.S. cities declined at the fastest rate on record, depressed by mounting foreclosures and slumping sales. The S&P/Case-Shiller index declined 18% in the 12 months to October, more than expected, after dropping 17
Stocks tumble as companies warn of weak results - Associated Press
NEW YORK (AP) — A warning from tech giant Intel about poor business conditions and more evidence of rising unemployment left stocks with their biggest losses in a month Wednesday. The news upended some investors’ hopes for a speedy economic recovery







