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Grim economic data throws spotlight on crisis summit
Weak economic readings from China, Japan and Britain and a grim corporate outlook worldwide reinforced fears on Tuesday of a prolonged recession, prompting investors to look to a world leaders' summit for solutions.
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Japanese October Bankruptcies Highest Since April 2005
The total number of bankruptcies in Japan increased in October, according to a report released by Teikoku Databank, Ltd. Tuesday. The number of bankruptcies rose 13.7% year-on-year in October to 1231 cases from 1083 last year. The number also sur 13
French GDP Rises 0.1% in Q3, Avoids Technical Recession
The French economy has so far avoided a recession with GDP growing 0.14% in Q3 on a quarterly basis. Economists had expected a decline in GDP of 0.1% following Q2's 0.3% fall. 13
Italy's Economy Contracts 0.5% in Q3
With GDP falling 0.5% in the third quarter of 2008 following a 0.4% decline in the previous quarter, Italy is officially in its fourth recession in seven years, according to preliminary estimates from the National Institute of Statistics (ISTAT). 13
The End of the Economy As We Know It?
If we examine our lives closely, we realize that most of our interactions with other people on this planet are economic in nature. We sell our labor and buy the things we need and want from other people, even from people we never meet from across 13
Euro Falls as German Economy Enters Worst Recession in 12YRS
The euro fell to a two-week low against the dollar after Germany's economy entered its worst recession in at least 12 years, spurring speculation the European Central Bank will cut interest rates. 13
Europe’s largest economy in recession
Official figures show that Germany, Europe’s largest economy, is now in recession after gross domestic product (GDP) fell by 0.5% in the third quarter. 13
CBOC Downwardly Revises Canadian Economic Growth Forecast
The global financial crisis will hurt Canada's economic growth and will bring Ontario to the edge of a recession, says a new report from the Conference Board of Canada (CBOC), in which the think tank significantly reduces its projections for econ 
