Slowdown ‘to hit poor countries’
September 5th, 2008 piotr zukowskiThe global slowdown will take its toll on growth in developing countries, the UN agency Unctad says.
The global slowdown will take its toll on growth in developing countries, the UN agency Unctad says.
Downbeat US employment ad retail data adds to economic jitters despite more positive figures from the service sector.
Iraq’s economic prospects have improved, thanks to better security, increased oil output and exports, says an IMF review.
The European Central Bank keeps eurozone interest rates at 4.25% after its latest meeting.
A significant number of Baby Boomers in North America will soon retire, but many won’t be looking so much for a place — perhaps in the United States — to settle down as to live it up.
Blackstone’s newest private-equity vehicle is expected to get just a $250 million investment from pension fund Calstrs, down from $1.7 billion.
Wipro has acknowledged it is also on the hunt for deals, after one of its rivals made a sizable U.K. acquisition.
Telefónica will invest about $1.16 billion for a bigger stake in two state-controlled Chinese telecommunications companies that agreed to merge.
Ciena posted a 59% drop in profit and warned of weaker orders for telecommunications gear in coming quarters.
Olivier Armantier, Sandra Krieger, and James McAndrews. The Federal Reserve’s Term Auction Facility. Federal Reserve Bank of New York Current Issues in Economics and Finance , Volume 14, Number 5, July 2008.