Philip Chua Business Blog

Posts Tagged ‘pace’

The economy rocketed ahead at a 5.9 percent pace in the final quarter of 2009, stronger than initially estimated. But the growth spurt isn’t expected to carry over into this year.

Economy of the United States – Business – Financial Services – Investing – Social Science

Consumers and businesses filed for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday.









Bankruptcy – Associated Press – Law – United States – Services

Short dollar positions have been unwound at an impressive pace ahead of year-end. From being very short the dollar only a few weeks ago, speculative investors are now close to being square – and have even turned net long the dollar against the euro.

Moving at a snail’s pace but nevertheless the trend to generalised US dollar weakness is underway. Which currency will lead is unclear though for dollar/yen we continue to favour a series of cautious downside tests of key support between 87.00 and 1995’s 85.00 (below which it spiked to a low…

STOCK investors usually welcome low interest rates, but not this time. If anything, the US Federal Open Market Committee’s latest policy statement has reinforced concerns over the unsteady pace of the global economic recovery. The Federal Reserve reiterated after its meeting on Wednesday that it would keep interest rates near zero for ‘an extended period’ and specified for the first time that poli… more

Stocks posted a modest gain after the Labor Department said the unemployment rate topped 10 percent in October for the first time since 1983, but also that the pace of job losses slowed.

The economy is still shedding jobs, but at a much slower pace than earlier this year, the government reported. That bolsters the view that the economy is making a slow but steady recovery.

The U.S. service sector grew for a second straight month in October, but at a slower pace than in September, as a broad economic recovery creeps along.

MARKETS across Asia suffered a third day of heavy selling yesterday, as a deluge of bad news from the United States kept up unabated, casting fresh doubts on the pace of the global economic recovery.
Technology-heavy bourses such as Taipei and Seoul were badly hit, as investors agonised over prospects for orders linked to Christmas sales from manufacturers listed on both bourses.
Investor sentim… more

FIRST, the good news. Singapore’s economy has moved beyond the initial post-crisis bounce of growth and will continue to expand as genuine demand begins to stabilise around the world.
But Singaporeans must prepare for a ’slower and steadier’ pace of expansion next year than they are used to, said the Monetary Authority of Singapore (MAS) yesterday.

Even though Asian economies have recovered stro… more