Sliding food prices bring UK inflation into target range by Lans
July 16, 2009, 8:46 am
Filed under: International News

July 15, 2009

By Robert Barr London

Britain’s inflation rate slowed to an annual rate of 1.8 percent last month, at last falling below the official target for the first time in 20 months, official data showed yesterday.
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American retail sales ambush indicates recession has dug in for now by Lans
April 17, 2009, 10:49 am
Filed under: International News, Retail

Retail sales in the US unexpectedly fell last month, as soaring job losses has forced consumers to pull back.

The 1.1 percent decrease followed a 0.3 percent gain in February that was stronger than previously estimated, the Commerce Department said yesterday in Washington.

Car dealers, electronics stores and restaurants led the decline.

Less consumer spending heading into the second quarter means that the recession is likely to persist.

“While the March data isn’t enough to make us rethink expectations that the worst is over, it does serve as a reminder that the road out of this recession might be as painful as the recession itself,” said Guy Lebas, the chief economist with Janney Montgomery Scott in Philadelphia.
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Swinging the other way by Lans
April 17, 2009, 10:45 am
Filed under: International News

The world is changing so quickly that we will soon be suffering from psychological vertigo. Consumer prices in the US fell last month – by 0.1 percent on a monthly basis and by 0.4 percent on an annual basis.
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Zimbabwe’s shops stock up as Harare drops restrictions by Lans
April 14, 2009, 8:18 am
Filed under: International News


There are hopeful signs of recovery in Harare, with shops able to restock now that trading in foreign currency is legal and price controls to rein in inflation have been abandoned.

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Zimbabwe’s shops fill up as foreign currency takes hold by Lans
April 14, 2009, 8:14 am
Filed under: International News

By Ethel Hazelhurst

Two months after getting the official go-ahead to transact freely in foreign currencies, Zimbabweans are seeing previously empty shelves filling up with goods – and prices falling as retailers compete for market share.

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China’s retail sales growth slows by Lans
March 16, 2009, 9:03 am
Filed under: International News

China’s retail sales slowed slightly in the first two months of 2009 as consumers fretted over job security and the faltering economy, though a push to boost spending in rural areas appeared to be taking hold.

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Italian fashion houses lobby for government bailout by Lans
March 5, 2009, 8:57 am
Filed under: International News

By Deepa Babington

Everyone in Italy’s clothing industry is begging for state aid but some of the loudest cries for help are coming from the exclusive haute couture segment known more for sequinned extravagance than humble pleas.

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Economy in Britain dips most since 1980 by Lans
January 27, 2009, 7:07 am
Filed under: International News

Retail sales rose 1.6 percent on the month on a seasonally adjusted basis, said the statistics office.

Officials said that the information should be treated with caution as they reassessed their method of accounting for seasonal swings.

The officials advised people to focus on the unadjusted data, which showed a 1.8 percent increase last month from a year earlier.

Credit crisis expected to have put US in tailspin by Lans
January 27, 2009, 7:06 am
Filed under: International News

Wal-Mart Stores boss Lee Scott said earlier this month that this year’s first half would be “extraordinarily challenging”. He said: “Some people are giving up eating out; some people are giving up movies; some people are giving up other things like shopping. Those are fundamental changes that will continue.” The world’s biggest retailer said fourth-quarter profit would miss its forecast and predicted revenue this month would be little changed. Circuit City Stores, once the biggest US electronics retailer, said this month it would close all of its 567 US stores. Consumers are losing confidence. A report from the Conference Board tomorrow is projected to show consumer confidence this month held near a record low.

Asian retailers feel the pain as downturn hits holiday sales by Lans
January 23, 2009, 11:51 am
Filed under: International News

By Dhara Ranasinghe in Singapore

Shopping is a national obsession in Singapore, yet this Lunar New Year retailers are struggling to get the city’s insatiable shoppers to part with their cash as a cloud of economic gloom hangs over Asia.

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