Deutsche Bank Issue Profit Warning
Deutshe Bank – Germany’s largest commercial bank – issued a warning that it lost an estimated 4.8 euros ($6.4 B USD) in the fourth quarter last year. More
UK Unemployment Soars as Employers Cut Costs
On the same day that unemployment in Britain surpassed 1.85 million people, several high-profile companies announced deep cuts including Barclays which is eliminating 4,200 jobs and Jaguar Land Rover which is cutting 450 workers. Some analysts expect unemployment in Britain to reach 3 million by the end of the year. More
U.S. Retail Sales Down 2.7%
Canadian Government Expected to Present Budget with $40 Billion Deficit
Canada’s minority Conservative government which has been under pressure to provide additional economic stimulus to help the country battle a deepening recession, is expected on Thursday to present a budget with a CAD$40 billion (US$ 34 billion) deficit. This will be the country’s first deficit in 12 years. More
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