MarketWatch

Economic Report: Dec. euro-zone inflation falls below ECB target

Tue, 06 Jan 2009 04:42 GMT

LONDON (MarketWatch) -- Consumer price inflation continued to slow across the 15-nation euro zone last month, sending annual CPI below the European Central Bank's target rate of near but just below 2% for the first time since August 2007, according to a preliminary estimate by the statistical agency Eurostat.

Logitech scraps fiscal 2009 guidance, to cut jobs

Tue, 06 Jan 2009 04:11 GMT

Logitech International SA, the world’s largest maker of computer mice, withdrew its financial targets for the year, citing the deepening global recession, and announced plans to slash its salaried work force by 15%.

U.K. retailers Debenhams, Next rally after updates

Tue, 06 Jan 2009 03:44 GMT

LONDON (MarketWatch) - While the U.K. recession may be in its early stages, the stock-price downturn for the country's retailers may not be.

London Markets: Next, Debenhams shine in rising London market

Tue, 06 Jan 2009 03:39 GMT

Department store owner Debenhams and fashion chain Next shone in London on Tuesday after both companies produced better-than-expected trading updates.

Earnings Watch: Updates, advisories and surprises

Tue, 06 Jan 2009 03:31 GMT

A roundup of the latest corporate earnings reports and what companies are saying about future quarters.

Europe Markets: Shares in Europe extend 2009 winning streak

Tue, 06 Jan 2009 02:51 GMT

European shares managed keep the year’s winning streak alive in early trade Tuesday, as pharmaceutical firms and automakers advanced.

British house prices in December posted record annual drop

Tue, 06 Jan 2009 02:36 GMT

British house prices accelerated their decline in December, falling 15.9% from the year-earlier month, mortgage lender Nationwide reports Tuesday.

Stocks mostly up; Tokyo, Shanghai lead gainers

Mon, 05 Jan 2009 23:54 GMT

Asian markets were mostly higher Tuesday, with Japanese stocks struggling to hold on to early gains spurred by recent weakness in the yen, while Hong Kong shares retreated on telecom firms such as China Mobile after a strong recent rally.

South Korea to spend 37 billion on 'green' projects

Mon, 05 Jan 2009 23:47 GMT

South Korea said on Tuesday said it would spend 50 trillion won ($38 billion) during the next four years on environmentally-friendly projects in an effort to bolster employment as the nation undergoes its sharpest slowdown since the 1998 Asian financial upheaval.

CES expectations muted in light of recession

Mon, 05 Jan 2009 23:26 GMT

As the high-tech industry prepares to kick off a new year, the turnout at the industry’s largest trade gathering this week may shed light on what some expect to be a brutal period for high-end gadgets and toys.