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London, Monday, December 29, 2008 ARANCA News Report (www.aranca.com) : South Korea’s consumer sentiment tumbled for a third straight month to a ten year low as rising unemployment and wage stagnation prompted households to cut back on spending. Bank of Korea’s consumer survey index dropped to 81 in December, down from 84 in November—lowest reading since [...]
London, Friday, December 26, 2008 ARANCA News Report (www.aranca.com) : According to the Ministry of Economy, Trade and Industry, the industrial output in Japan fell by a larger-than-expected 8.1 percent in November from a month earlier, as manufacturers cut production amidst falling demand from its main trading partners. This is the largest fall since the government [...]
London, Wednesday, December 24, 2008 ARANCA News Report (www.aranca.com) : The Royal Institute of Chartered Accountants (Rics) in its latest forecasts estimates that house prices in the UK could fall by 10 percent in 2009 implying a 30 percent drop in house values from the peak recorded in the summer of 2007- the largest decline [...]
London, Tuesday, December 23, 2008 ARANCA News Report (www.aranca.com) : After “quantitative easing” of monetary policies in the world’s two largest economies, the US and Japan, the People’s Bank of China reduced its benchmark lending and deposit rates by 0.27 percentage points on December 22. As the world’s fourth largest economy slows, China’s central bank lowered [...]
London, Tuesday, December 23, 2008 ARANCA News Report (www.aranca.com): The global economic slowdown continues to take its toll on the Canadian economy where the consumer confidence dropped to a 27-year low in December 2008. The Conference Board of Canada, a think tank which takes up this survey revealed that the index declined 3.3 points to [...]
London, Monday, December 22, 2008 ARANCA News Report (www.aranca.com) : Japan’s exports fell to a record low in November as demand for its goods plummeted in the midst of a global economic slowdown. According to the Finance Ministry, exports fell by 26.7 percent in November from a year earlier, the sharpest drop on record. This was [...]
GCC markets reopened this week after an off-period on account of Eid. However, the festive mood did not boost investor sentiments. It was a very volatile week laced with caution as most markets registered a decline in volumes. Saudi’s Tadawul All Share Index (TASI) was only one of two stock markets in the GCC region [...]
Gartner expects handset sales in the Indian market to touch 132 million units in 2008 and rise to 235 million units by 2012.
The global handset market is forecast to see slowing growth for 2008, with year-on-year growth only achieving 5.7 percent according to the IMS Research Online Cellular Database. This is significantly lower than previous years, which enjoyed double digit growth. Shipments for new handsets are forecast to hit 1.19 billion for 2008, up from 1.12 billion [...]
