The signs so far suggest it may actually benefit from hard times...
* Australia cuts rates 75 basis points, more than expected * U.S. election result may offer temporary relief to markets * Weak auto sales worldwide point to deep recession SYDNEY, Nov 4 - Australia slashed...
G20 finance ministers and central bank governors reach a consensus on the future worldwide economic recovery
WELLINGTON, Feb 18 - The New Zealand dollar <NZD=> held near a two-week low on Wednesday on heightened risk aversion following increased fears of a deepening global recession and as stock markets worldwide fell. The...
TOKYO, Jan 15 - Japan's Nikkei share average fell 3.5 percent on Thursday after worries about steeper losses at banks worldwide and a deepening recession sent U.S. stocks to six-week lows. Japan's core private-sector machinery...
Detroit -- The North American International Auto Show (NAIAS), one of world's most prestigious of its kind, opens Sunday in Detroit as a deepened economic recession inflicts deep woes to automakers worldwide and overshadows a possible recovery of US ailing auto industry in the near future.
Toyota shock has hit Japan's car manufacturing district, leaving factories and small businesses reeling as orders dry up due to a global recession that has put the brakes on car sales worldwide.
HONG KONG (MarketWatch) -- Sony Corp. said Tuesday it plans to cut 8,000 jobs worldwide, becoming the latest Japanese global brand to announce a major restructuring since the onset of the global recession ...
Hyundai Motor announced that its third-quarter net profit plummeted 37.8 percent from a year earlier, as the global financial turmoil and fears of recession hurt auto sales worldwide, the Korea times reported Friday.
MELBOURNE, Oct 23 - Australian shares fell 3.55 percent on Thursday, tracking more heavy losses across global equity markets, as investors continued to be gripped by fears of a worldwide recession. The benchmark S&P/ASX 200...