http://atillus.com/newsportal Just another WordPress weblog Sun, 17 May 2009 09:18:36 +0000 http://backend.userland.com/rss092 en May 13 (Bloomberg) -- Retail sales in the U.S. unexpectedly dropped in April for a second month, indicating that rising unemployment is prompting consumers to conserve cash. The 0.4 percent decrease followed a revised 1.3 percent drop in March that was larger than previously estimated, the Commerce Department said today in ... http://atillus.com/newsportal/2009/05/us-economy-retail-sales-unexpectedly-fell-in-april/ LONDON (MarketWatch) - A deep recession took a turn for the worse in the first quarter of 2009, shrinking the euro-zone economy by a record amount as exports plunged and industrial output took a devastating hit, official data showed Friday. The 16-nation euro zone saw first-quarter gross domestic product shrink ... http://atillus.com/newsportal/2009/05/euro-zone-economy-posts-record-plunge-in-first-quarter/ May 14 (Bloomberg) -- More Americans than forecast filed unemployment-insurance claims last week because of the Chrysler LLC bankruptcy that is likely to reverberate through the economy for months. Initial jobless claims rose by 32,000 to 637,000 in the week ended May 9, the Labor Department said today in Washington. A ... http://atillus.com/newsportal/2009/05/hello-world/ HONG KONG, May 15 (Reuters) - Hong Kong's economy shrank by 4.3 percent in the first quarter from the previous three months, the worst performance since records were compiled in 1990 and reflecting Asia's vulnerability to the global economic downturn as plummeting exports hurt investment and consumption. The worse-than-expected quarterly contraction ... http://atillus.com/newsportal/2009/04/hk-economy-nosedives-in-first-quarter/