There are days when the world seems to have moved beneath your feet, and suddenly nothing seems the same anymore.
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Brazil's National Consumer Price Index (IPCA) fell to a one-year low of 0.26 percent in September, down from 0.28 percent in August and up from 0.18 percent in September 2007.
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National statistics bureau Istat confirmed on Tuesday that Italy's year-on-year inflation rate declined in August for the first time in seven months, after setting 12-year-highs for the previous three months in a row.
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The business travel industry in the UAE and elsewhere in the GCC is the latest casualty of the financial crisis that has rocked the US, Europe and some Asian countries.
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Singapore fell into the first recession since 2002 as manufacturing slumped, prompting the central bank to end a policy favoring gains in its currency in an effort to support the economy.
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The writing is not so much on the wall as on the "Sale" signboards being put up in the housing
market, telling you something is seriously wrong with America today.
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What does bankrupt Detroit-area auto mechanic Ernie Berthet have in common with Wall Street?
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The consumer prices index (CPI), the government's preferred measure of inflation, jumped to 5.2pc last month from 4.7pc in August.
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Well, maybe not. But investors did feel welcome relief when the Dow Jones Industrial Average gained 936.42 points - or an amazing 11.08% - Monday. The Dow closed at 9387.61 points.
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The worst of the post-war period - when the Dow Jones industrial average was approaching its low of 577, Warren Buffett told Forbes magazine that he felt like "an oversexed guy in a whorehouse. This is the time to start investing."
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FROM Hong Kong to Shanghai, shuttered factories and laid-off workers tell a tale of how the world credit crisis may end the Chinese export miracle and pose the greatest threat to economic reforms since they began in 1979.
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When the stock market goes on sale, smart investors are supposed to seize the opportunity.But Wall Street's decline of the last three weeks has been so drastic, it has left even veteran money managers too afraid to step up.
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Inflation in the person zone fell in September to a 3.6 percent annual rate, almost double the European Central Bank's target, making a near-term cut in interest rates unlikely.
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The International Monetary Fund anticipates sharply lower world growth because of the financial crisis rippling across the globe. VOA's Barry Wood reports the IMF, however, does not anticipate a repeat of the global depression of the 1930s.
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The Standard & Poor's (S&P) 500 index has lost 17 percent since the start of 2000 after sinking almost 10 percent this month, total return data compiled by Bloomberg show.
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The front-month crude futures price fell Oct. 8 to its lowest level this year on the New York market
after the US Energy Information Administration reported commercial US oil inventories shot up a whopping 8.1
million bbl to 302.6 million bbl during the week ended Oct. 3.
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Global stocks were in freefall this lunchtime, with steep losses in Frankfurt, London and Tokyo, on widespread fears that the financial crisis was spiralling out of control.
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This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown
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The devastating financial flu that has sent the American economy reeling is contagious, making the rest of the world look sick too.
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The blue chip index sank below 10,000 amid deepening worries about the financial crisis. Markets in Europe and Asia also tumbled
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Get expert financial advice from Matthew Roszak and prepare yourself for the future.
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