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World Bank cuts growth outlook as world enters ‘new normal’
WASHINGTON (Reuters) – The World Bank cut its outlook for global growth, saying the economy should expand more slowly this year than last as it cited a deeper-than-expected recession in Europe and a recent slowdown in some emerging markets.
Samsung Elec shares hit 7-week low on worries of slowing growth
SEOUL, June 7 (Reuters) – Shares of Samsung Electronics Co tumbled by more than 4 percent to a seven-week low early on Friday, hit by brokerages’ downgrades that have highlighted concerns of slowing…
China trade data underscores growth worries
BEIJING (Reuters) – China’s exports posted their lowest growth rate in almost a year in May while imports unexpectedly fell, government data showed on Saturday, underlining concerns about slowing growth in the world’s second largest economy.
Mixed economic data cast doubt on pace of job market growth
A mixed bag of economic data this week has cast doubt over the pace of improvement in the job market. Businesses have added an average of 200,000 workers over each of the past six months, helping drive the jobless rate … Continue reading
UPDATE 1-General Growth looking at urban retail property -CEO
NEW YORK, June 6 (Reuters) – Mall owner General Growth Properties Inc is considering buying urban retail property, but the real estate would have to be of the highest quality and be big enough to attract the type of luxury … Continue reading
Francesca’s same-store sales growth slows, shares fall
(Reuters) – Women’s clothing retailer Francesca’s Holdings Corp reported a 29 percent rise in quarterly revenue but a slowdown in comparable-store sales growth dragged down the company’s shares 10…
Palo Alto expects revenue growth to slow, shares plunge
(Reuters) – Security software maker Palo Alto Networks forecast current-quarter results below market estimates as revenue growth slows due to U.S. budget cuts and European debt crisis, sending its…
RBC, CIBC profits rise, shares fall on growth doubts
TORONTO (Reuters) – Royal Bank of Canada and Canadian Imperial Bank of Commerce posted second-quarter results that met or beat analyst estimates, but shares of both companies declined on uncertainty…
UPDATE 1-Mall owner General Growth eyes NY’s Madison Ave -sources
NEW YORK, May 24 (Reuters) – General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for one of the most sought after Manhattan office buildings on the market, making…