News Tag: record low
December 29, 2009
Shares in troubled Japan Airlines (JAL) plummeted by 11% today to a record low of 85 yen amid reports that the carrier could be forced to file for bankruptcy.
The stock has lost almost 60% of its value this year.
The airline, which is Asia’s largest carrier, has been struggling amid the global economic downturn which has led to ...
Japan Airlines shares hit record low amid bankruptcy rumours
by Kay Murchie
November 24, 2009
Bank Rossii, Russia’s central bank, has cut interest rates by 50 basis points to 9% - a record low and the ninth time rates have been cut since April in bid to boost demand.
Russia’s economy, which is heavily reliant on oil exports, has suffered from a severe downturn but the economy appears to now be on the road ...
Russia cuts interest rates to record low of 9%
by Kay Murchie
Japan Airlines shares fall to record low
by Kay Murchie
October 12, 2009
Influential think tank, the Centre for Economics and Business Research (CEBR), believes interest rates will remain at their current historic level of 0.5% until 2011.
Meanwhile, rates will not reach 2% until 2014 as a result of the severe fiscal squeeze on the UK economy which will result in tax rises and spending cuts.
According to its economic forecast, ...
UK interest rates to remain at record low for medium-term
by Kay Murchie
September 10, 2009
The Bank of England’s Monetary Policy Committee has today elected to keep UK interest rates on hold at the record low of 0.5% for the sixth month in a row.
The move was widely expected after a raft of positive economic news this week, suggesting that the UK is beginning to emerge from recession.
Meanwhile, the Bank also said it ...
UK interest rates unchanged for sixth consecutive month
by Kay Murchie
July 9, 2009
As widely expected, the Bank of England has kept interest rates unchanged at 0.5% today for the fourth month in a row.
Prior to April, the Bank embarked on aggressive cuts to bring inflation down and fight off a prolonged recession. Rates currently stand at the lowest level since the Bank was established over 300 years ago.
There have been signs ...
UK interest rates remain unchanged at 0.5%
by Kay Murchie
May 19, 2009
The US Commerce Department has today revealed that new US housebuilding fell to a record low in April, sending shares down following yesterday‘s rebound.
According to official figures, new housing starts fell 12.8% to an annual rate of 458,000 units - the lowest level since records began fifty years ago.
On an annual basis, housing starts are down 54.2% as builders ...
New US house construction falls to record low
by Kay Murchie
May 6, 2009
Figures released from Eurostat have revealed that retail sales in the euro zone fell by a record 4.2% year-on-year in March.
The fall in retail sales shows continued weakness in consumer demand with analysts not expecting an improvement in the medium-term.
According to Juergen Michels of Citigroup, the figures are disappointing and suggest that rising unemployment are having an impact on sales.
The latest figures ...
Euro zone retail sales plummet
by Kay Murchie
April 2, 2009
There are concerns for the recession-hit euro zone economy as it heads towards deflation.
In order to fight off a prolonged recession, the European Central Bank (ECB) is expected to cut interest rates to a record low of 1%.
In October last year, rates for the euro zone area hit 4.25% and currently stand at 1.5% - the ...
ECB may cut rates to record low and implement quantitative easing
by Kay Murchie
January 8, 2009
Interest rates have been cut to 1.5% today - the lowest level since the Bank of England was established 315 years ago.
The cut of 0.5% was widely expected by economists as attempts continue to boost the economy and bring down inflation.
Since the level of 5% in October, the Bank has slashed rates four times, which is in a co-ordinated ...
Interest rates cut to record low of 1.5%
by Kay Murchie
December 16, 2008
The Federal Reserve is expected to cut interest rates later today in the US from the current level of 1% to 0.5% or even 0.25%.
The Fed has made aggressive cuts since September last year, when rates stood at 5.25%.
A further cut is expected as figures have revealed that US consumer spending has plummeted, while US industrial output dropped 0.6% in ...
Record low interest rates expected in US
by Kay Murchie
November 11, 2008
According to the British Retail Consortium (BRC), UK retail sales have fallen over a 12-month period for the first time in 3½ years.
According to the BRC, like-for-like sales in October were down 2.2%, while total sales were 0.1% lower compared with October last year.
The figures are further proof that the High Street is suffering in the wake of the economic downturn.
It is the ...
UK retail sales fall
by Kay Murchie
August 12, 2008
According to the Royal Institution of Chartered Surveyors (Rics), the number of homes changing hands has fallen to levels not experienced since their survey started in 1978.
The organisation said the average number of property sales handled by surveyors across the country over the last three months plummeted to just 14.4 - the equivalent of less than ...
Rics: Number of people moving house falls to record low
by Kay Murchie
August 4, 2008
As a result of the ongoing credit crunch, UK households are cutting back on spending. Furthermore, rising mortgage payments, together with the sharp rise in food and fuel costs is adding to the financial strain on UK families.
The latest Alliance Trust Research Centre's Financial Reality Index has revealed that the financial health of households in the UK is at ...
Financial health of UK households at lowest level
by Kay Murchie
June 30, 2008
Figures released by the Bank of England today revealed that 42,000 home loans were approved in May, which is a 27% decline compared with April and represents a 64% fall compared with 12 months ago.
The Bank said the figures were the lowest since it began recording the data in 1993. The figures were also lower than many analysts’ expected.
Since the ...
BoE: mortgage approvals fall to record low
by Kay Murchie
