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07/09/2001
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets.
Official data from the US Department of Labour shows that in the US unemployment jumped to 4.9 per cent in August, almost half-a-percent more than expected by most economists.
The statistics show American unemployment figures now standing at their highest rate since September 1997, prompting concerns over a further ‘emergency’ cut in US interest rates, aimed at staving off a possible recession.
Following the news, the Dow Jones industrial average index of leading shares lost over 100 points in the first few minutes of trading. However, the Nasdaq index received a boost in the form of firm third quarter results from chip maker Intel.
But by mid-afternoon the FTSE 100 had fallen even further than the previous day’s low to take the index to a new three-year low.
The news, combined with negative growth figures for the Japanese economy, have seen the Asian stock markets take a similar tumble, with share prices plummeting throughout Taiwan, Hong Kong and Japan, as the latter approaches a potential recession, in tandem with the US. (CL)
Official data from the US Department of Labour shows that in the US unemployment jumped to 4.9 per cent in August, almost half-a-percent more than expected by most economists.
The statistics show American unemployment figures now standing at their highest rate since September 1997, prompting concerns over a further ‘emergency’ cut in US interest rates, aimed at staving off a possible recession.
Following the news, the Dow Jones industrial average index of leading shares lost over 100 points in the first few minutes of trading. However, the Nasdaq index received a boost in the form of firm third quarter results from chip maker Intel.
But by mid-afternoon the FTSE 100 had fallen even further than the previous day’s low to take the index to a new three-year low.
The news, combined with negative growth figures for the Japanese economy, have seen the Asian stock markets take a similar tumble, with share prices plummeting throughout Taiwan, Hong Kong and Japan, as the latter approaches a potential recession, in tandem with the US. (CL)
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14 August 2001
Inflation rate fall may herald a further interest rate cut
Speculation is growing that a fall in the underlying inflation rate, down to 2.2 per cent, may give the Bank of England’s Monetary Policy Committee further room for manoeuvre to lower interest rates. Continued severe pressure on manufacturing industry has prompted further calls from industry leaders seeking another cut in the UK interest rate.
Inflation rate fall may herald a further interest rate cut
Speculation is growing that a fall in the underlying inflation rate, down to 2.2 per cent, may give the Bank of England’s Monetary Policy Committee further room for manoeuvre to lower interest rates. Continued severe pressure on manufacturing industry has prompted further calls from industry leaders seeking another cut in the UK interest rate.
19 May 2011
Foster Welcomes 0.8% Fall In Dole Queue
Unemployment is showing a marginal decrease with the latest data released today for the period January - March 2011 showing that the Northern Ireland unemployment rate decreased over the quarter to 7.2%.
Foster Welcomes 0.8% Fall In Dole Queue
Unemployment is showing a marginal decrease with the latest data released today for the period January - March 2011 showing that the Northern Ireland unemployment rate decreased over the quarter to 7.2%.
20 June 2011
BBC's Formula One 'Heading For Pits'
With programming costing a huge £1 per viewer, the BBC may be forced to drop its Formula One (F1) motor racing coverage. The BBC must make savings and the £60m a year F1 costs - or £3m for each race - it is the most expensive programme being broadcast.
BBC's Formula One 'Heading For Pits'
With programming costing a huge £1 per viewer, the BBC may be forced to drop its Formula One (F1) motor racing coverage. The BBC must make savings and the £60m a year F1 costs - or £3m for each race - it is the most expensive programme being broadcast.
12 March 2009
German Airline Deal Takes Off For Bombardier
A local aircraft manufacturer is flying high today with news of a major international contract - which is also boosting jobs.
German Airline Deal Takes Off For Bombardier
A local aircraft manufacturer is flying high today with news of a major international contract - which is also boosting jobs.
15 May 2002
News Corp reveals multi-billion pound write down
Rupert Murdoch's global media network News Corporation has announced a profits gain in the third quarter, but had to write down a massive £2.74 billion investment in the Australia-based Gemstar television during the same period.
News Corp reveals multi-billion pound write down
Rupert Murdoch's global media network News Corporation has announced a profits gain in the third quarter, but had to write down a massive £2.74 billion investment in the Australia-based Gemstar television during the same period.
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Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
