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2009 looks grim for retailers |
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Friday, 02 January 2009 |
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Thousands of stores are expected to close as unemployment grows and consumer confidence plummets. Meanwhile, chains like Wal-Mart are well positioned for 2009 as more shoppers scout out low-cost necessities, says retail expert Howard Davidowitz. Manoush Zomorodi reports from New York. |
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India Slashes Its Benchmark Rates Again |
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Friday, 02 January 2009 |
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01/02/09 For the second time in less than one month, India's government announced today that it will once again lower key interest rates in hopes of boosting both the economy as well as consumer spending. |
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2009 begins on up note for stocks |
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Friday, 02 January 2009 |
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A strong opening on Wall Street adds to positive sentiment as European shares closed higher and commodity shares rose on higher energy and metals prices. |
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Hang Seng Surges To Start 2009 |
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Friday, 02 January 2009 |
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01/02/09 The final day of the trading week and first trading session of the new year within the major Asian/Pacific markets saw Hong Kong's Hang Seng post huge gains this past trading session. |
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Markets RIng in New Year with a Rally |
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Friday, 02 January 2009 |
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01/02/09 Markets rally half way through the trading session with shares of General Motors leading the gains. |
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