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Monthly Archive November, 2008

French Business Confidence Drops as Europe Enters Recession

November 27, 2008

French business confidence fell to the lowest in more than 15 years in November as the euro-region economy slipped into a recession.
An index […]

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Philippines Refrains From Cutting Interest Rate to Support Peso

November 21, 2008

The Philippine central bank kept its benchmark interest rate unchanged for a second month on concern a cut in borrowing costs would weaken the […]

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Japan’s economy shrinks, enters recession

November 18, 2008

TOKYO–Japan fell into a recession in the third quarter for the first time since 2001, as the impact of the global slowdown took its […]

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Best Buy slashes 2009 forecast

November 13, 2008

CHICAGO–Best Buy Co Inc. slashed its fiscal 2009 profit forecast Wednesday driven by weak consumer spending trends heading into the crucial holiday selling season.
Best […]

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Brown Will Seek G-20 `Consensus' on Tax, Spending

November 11, 2008

Prime Minister Gordon Brown will call on governments around the world to coordinate tax and spending policies to shore up a slowing world economy, […]

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RBC opts to go solo on complaints

November 9, 2008

Carolyne Parfitt, an RBC credit card customer since 1983, couldn’t believe how she was treated when she missed a few monthly payments while travelling.
The bank […]

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Gasoline prices continue to slide

November 7, 2008

Five years ago, drivers here would have been horrified by $2 a gallon gasoline. These days, they might feel fortunate.
The current economic malaise […]

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Park Hills glass plant to lay off nearly 200

November 6, 2008

Piramal Glass, a glass-bottle maker based in India, plans to temporarily lay off 40 percent of the work force at its Park Hills, Mo., […]

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Markets predict record ECB rate cut this week

November 5, 2008

A sharply slowing euro zone economy has persuaded financial markets that the European Central Bank could slash interest rates by as much as 75 […]

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Gas edges in on $2.50

November 1, 2008

Gasoline prices fell to their lowest level in more than a year and a half Thursday, according to a nationwide survey of credit card […]

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