Philip Chua Business Blog

Posts Tagged ‘hit’

THE war of the Reits between MacarthurCook Industrial (MI-Reit) in one corner and Cambridge Industrial Trust (CIT) in the other hit a new level yesterday when both firms called trading halts to make announcements.
Their simmering row has mostly been confined to full-page newspaper advertisements but it has intensified in the run-up to Monday’s key meeting to vote on MI-Reit’s financing plans.
CIT … more

News that the US unemployment rate rose to a 26-year high of 10.2% failed to dent risk appetites as seen in stocks, at least in the immediate aftermath on Friday (more on the data below). Commodities, however, did register the pain of rising unemployment and the implicit hit to demand,…

Reuters – Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.

Reuters – Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.

Reuters – Oil rebounded toward $61 a barrel on Thursday, correcting from a seven-week low hit on bearish oil data that outlined continued weak demand amid growing concerns about the pace of economic recovery.