Zoellick: US not heading for recession
Fin24 - Sep 6th 2011, 08:52
Singapore - World Bank chief Robert Zoellick voiced confidence on Tuesday that the United States will not sink into another recession, amid widespread worries over the state of the world's biggest economy.
"I don't believe (the) United States and the world will go into a double dip," Zoellick told a news conference in Singapore, in response to a question on the subject.
Zoellick's comments came as global financial markets have tumbled in recent days, pulled down by renewed fears that the US economy could slip back into recession, a so-called 'double-dip'.
Most Asian markets were lower on Tuesday, still reeling from the latest batch of US jobs data for August released last Friday, which was the worst since September 2010 and renewed fears over sovereign debt in Europe.
The closely monitored US non-farm payrolls report revealed that the economy created no jobs in August, leaving the unemployment rate at a stubbornly high 9.1%.
British unemployment drops to 7.9%
18/10/2012 - 08:24
London - The number of unemployed people in recession-hit Britain fell by 50 000 to 2.53 million in the quarter to August from the total in the previous quarter, official data showed on Wednesday.
Retailers suffer as rand gets hammered
09/10/2012 - 07:43
Johannesburg - South African shares edged lower on Monday after the rand weakened more than two percent, hitting retailers reliant on dollar-denominated imports such as Mr Price, but rewarding exporters producing in the local currency.
Check your credit status while shopping
08/10/2012 - 07:34
Cape Town – The Shoprite group is slowly but surely expanding its financial services offering.
Mr Price forecasts profit increase
05/10/2012 - 08:01
Retailer Mr Price (MPC) on Thursday announced it expects its headline earnings and basic earnings per share for the 26 weeks ended September 29 “are likely to be higher than the previous corresponding period by more than 20%.”
World food price index up
05/10/2012 - 07:56
World food prices rose slightly last month‚ following some stability in the preceding two months‚ according to the latest United Nations Food and Agriculture Organisation (FAO) report.