As the Chinese economy continues to sputter, prominent corporate executives in China and Western economists say there is evidence that local and provincial officials are falsifying economic statistics to disguise the true depth of the troubles. Record-setting mountains of excess coal have accumulated at the country’s biggest storage areas because power plants are burning less…
Tag Archive for Slowdown
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Barclays’ Diamond Sees Europe Surviving Slowdown, Weak Euro – San Francisco Chronicle
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Barclays' Diamond Sees Europe Surviving Slowdown, Weak EuroSan Francisco ChronicleUpdates with JPMorgan trading loss in 13th paragraph.) June 13 (Bloomberg) — Barclays Plc Chief Executive Officer Robert Diamond said the euro region will …and mor…
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Data Alert: States report steady revenue growth. Rockefeller Institute
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Full Press Release Preliminary tax collection data for the January-March quarter of 2012 show further growth in overall state tax collections, as well as for income and sales tax revenues, for the ninth consecutive quarter. However, the growth in tax collections has been softening in the last three quarters. We will provide a full report…
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Analysis: In scare for newspapers, digital ad growth stalls | Reuters
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As more newspapers cut back on print to reduce costs and focus on their websites, a troubling trend has emerged: online advertising sales are stalling. In the first quarter, digital advertising revenue at newspapers rose just 1 percent from a year ago, the fifth consecutive quarter that growth has declined, according to the Newspaper Association…
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GM registers record China auto sales for May – Full story
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GM registers record China auto sales for May (via AFP) US auto giant General Motors said Tuesday that its China sales for May hit a record 231,183 vehicles, despite a looming slowdown in the world’s second largest economy. GM’s sales in the country surged 21.3 percent in May from the same month last year and…
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The Backsplash From the Facebook IPO Bellyflop – BusinessWeek
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Daily BeastThe Backsplash From the Facebook IPO BellyflopBusinessWeekA few recent stories point to new evidence of a Facebook-inspired slowdown in initial public offerings, but evidence thus far is scant. (Exhibit A is Kayak.com, a travel-search site t…
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Ralph Lauren sees lower wholesale sales this year – Reuters
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Proactive Investors USA & CanadaRalph Lauren sees lower wholesale sales this yearReuters* Q4 EPS 99 cents vs Street view 84 cents * Sees FY revenue up but wholesale sales down * Shares fall 3.8 pct in premarket trade May 22 (Reuters) – Ralph Lauren Cor…
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UK Inflation Slowed More Than Economists Forecast in April – BusinessWeek
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BloombergUK Inflation Slowed More Than Economists Forecast in AprilBusinessWeekBy Jennifer Ryan on May 22, 2012 UK inflation slowed more than economists forecast in April, cooling to a level that relieves Bank of England Governor Mervyn King from the t…
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Ryanair warns Europe slowdown to cut profit – Reuters
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Telegraph.co.ukRyanair warns Europe slowdown to cut profitReuters* Irish airline beats forecasts with 25 pct 2012 profit surge * Warns profit to slump by up to 20 pct in coming year * CEO says fare hikes won't compensate for higher fuel * Announces…
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Premier Wen Says China to Focus More on Growth, Xinhua Reports – Bloomberg
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Spiegel OnlinePremier Wen Says China to Focus More on Growth, Xinhua ReportsBloombergChinese Premier Wen Jiabao said the government will focus more on bolstering growth, indicating policies may be loosened further as inflation moderates. China will “…
