There is a growing fear that Japan is quickly moving towards a prolonged recession and because of these fears its industrial production and consumer spending have considerably dropped.
In October, Japan’s industrial production dropped by 3.1 percent that was quite faster than expected.
Similarly, 3.8 percent drop was noticed in year on year consumer spending during October [...]

Japan’s Nikkei stock lost almost 7% of its value, as the sufferings continued. After the news that Sony had halved its full-year profit forecast, a gloom spread over the market.
On the other hand, South Korea announced that growth in its economy was at s four-year low because of the current financial crisis.
South Korea’s benchmark stock [...]

On Tuesday, Asian stock markets opened quietly after dramatic rises of the previous two days.
In Japan, the Nikkei index was 1.4% down at noon and similarly shares in Taiwan and Australia were also down.
Wall Street also saw downward trend at the close of trading. After big rises in stocks on Monday, the investors took some [...]

General Electric (GE) has decreased its earning forecasts considering recent unrest in the financial markets.  Now the 3rdQ profits are expected 43-48 cents per share while they were 50-54 per share in a previous forecast.
The company also decreases its earning forecast for the full-year to $19.5bn-$21bn that were $22bn-$23bn in the earlier prediction.
According to the [...]

Isn’t a tragic with human beings facing with inflationary cycle in the world? Today, millions of people are combating with increasing prices of the oil and gasoline. So stunning is the rising inflation that has caused a recession just like 1930s in the U.S.
The oil prices increased at $138.54 per barrel in the United States [...]