News Tag: over
March 2, 2010
Respected US billionaire investor Warren Buffett has said the problems in the US property market will be over within a year.
In his annual letter to shareholders in Berkshire Hathaway, the investment group controlled by Mr Buffett, he said prices will remain 'far below bubble levels' for the medium term.
He added: "People thought it was good news a few years ...
Buffett confident of US housing market recovery
by Kay Murchie
November 9, 2009
Figures from the US Labor Department have revealed that the unemployment rate in the US reached 10.2% in October, up from 9.8% the previous month and represents the highest level since April 1983.
The US economy lost a worse-than-expected 190,000 jobs during the month with the majority of job losses in the construction, manufacturing and retail industries.
However, there was some positive news ...
US unemployment rate tips over 10%
by Kay Murchie
October 21, 2009
Online search giant Yahoo has posted its quarter three profits today and exceeded analysts expectations, suggesting that advertisers are spending again.
Yahoo said it earned $186 million (£113.6 million) in the July to September period, more than treble the $54 million earned in the same period of 2008.
Since chief executive Carol Bartz took over earlier this year, the company has undergone a major restructure. ...
Yahoo Q3 profits treble
by Kay Murchie
October 16, 2009
Internet search giant Google believes the worst of the recession is over after it posted a rise in third quarter profits.
Google’s results suggest that the demand for online advertising is growing after the company reported net profit of $1.64 billion (£1 billion) during the 3-month period - a 27% increase compared with the same period a year earlier.
Meanwhile, the ...
‘Worst of recession over’ as Google exceeds expectations
by Kay Murchie
September 16, 2009
US Federal Reserve chairman, Ben Bernanke, said yesterday: “From a technical perspective, the recession is very likely over.”
Mr Bernanke’s comments come one year after the collapse of US bank Lehman Brothers.
Speaking at a conference at the Brookings Institution, a think tank based in Washington, Mr Bernanke did caution, however, that due to unemployment the economy will remain weak for ...
Fed chairman: Recession is very likely over
by Kay Murchie
September 9, 2009
The latest Nationwide Consumer Confidence index suggests that the worst of the recession is over after its index rose from 61 in July to 63 in August - the highest reading since May 2008.
According to the Nationwide, all of its measures of confidence rose during August with consumers feeling more positive about the current situation for the first time since ...
Nationwide reports rise in UK consumer confidence
by Kay Murchie
August 16, 2009
Japan is set to release GDP figures tomorrow with analysts predicting growth of 1% during the April to June period.
After four consecutive quarter-on-quarter contractions, positive growth would mean the recession is over in Japan.
Last week, figures revealed that Hong Kong had emerged from recession after the economy grew 3.3% in the second quarter.
Furthermore, it followed the news that Singapore, France ...
Japan could be emerging from recession
by Kay Murchie
June 11, 2009
With suggestions that the UK recession may be coming to an end, sterling hit a 2009 high against the euro today.
According to Reuters, sterling rose to 85.10 pence against the euro - its best performance since December.
Sterling was also up against the US dollar, rising one cent to $1.6429.
Sterling has been boosted by a number ...
Pound hits 2009 high against euro as good news filters through economy
by Kay Murchie
May 12, 2009
According to the Organisation for Economic Cooperation and Development (OECD), the worst of the recession may be over for Britain.
The OECD has gathered its evidence by measuring a range of statistics, including trends in stock markets and business surveys.
The influential think tank said while output is still shrinking, there have been some green shoots ...
Green shoots of recovery leads OECD to believe worst of recession over
by Kay Murchie
April 20, 2009
The CBI said today that the worst of the recession is over since it took a deeper grasp than expected in the first quarter of 2009. However, the expectation is that the economy will slow more gently in the second part of the year.
The group was keen to stress that despite the worst being over, the recovery period will still ...
CBI says recession has hit rock bottom
by Peter Charalambous
