EconWatch.com > UK economy shrinks 0.4 percent in third quarter, dashing hopes ...

[Breaking News] Britain economy remains in recessionLONDON ”” Britain's statistics office says the domestic economy shrank 0.4 percent in the third quarter of the year ”” dashing hopes that the country may have exited recession. Friday's update from the Office for National Statistics shows that gross domestic product ”” which measures the total amount of goods and services produced by a country ”” was dragged lower in the July to September quarter despite recent gains in Britain's dominant services sector.

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[billy blog] billy blog » Blog Archive » When a country is wrecked by neo ...: In defaulting the Latvian government might offer terms to the creditors such that the loans could be expressed in terms of the lat rather than the foreign currency. Rejection of this offer would then lead to the Argentinean solution.

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[Breaking News] US Airways posts smaller-than-expected 3Q loss, says economy is ...: Spreadtrum posts better-than-expected 2Q resultsNEW YORK ”” China's Spreadtrum Communications Inc., which makes chips for wireless phones, said Tuesday that slid to a second-quarter loss as revenue tumbled 60 percent. But the company still beat analysts' expectations and forecast better-than-expected third-quarter revenue, sending shares up 14 percent in after-hours electronic trading.

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