25 Feb '11, 10am

British economy shrinks by 0.6% in Q4

British economy shrinks by 0.6% in Q4

LONDON : Britain's economy shrank by a worse-than-expected 0.6 per cent in the fourth quarter, official data showed on Friday, as harsh wintry weather hampered prospects of a swift recovery. Gross domestic product (GDP) - the total value of goods and services produced in the economy - contracted 0.6 per cent in the three months to December, the Office for National Statistics said in statement. The reading was revised down from an earlier estimate of a 0.5 per cent fall, and marks the largest GDP drop since the second quarter of 2009. "Today's figures show that the performance of the economy was even worse than we initially feared," said Hetal Mehta, UK economist at Daiwa Capital Markets Europe in London. "Not only was the headline rate at which the economy shrank revised higher, but with the ONS maintaining that the weather knocked 0.5 percentage points off growth, the und...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Thailand's economy returns to growth in Q4

channelnewsasia.com 21 Feb '11, 6am

BANGKOK: Thailand's economy returned to growth in the fourth quarter of 2010, snapping out of a brief recession on the bac...

Malaysia's economy slows to 4.8% in Q4

Malaysia's economy slows to 4.8% in Q4

channelnewsasia.com 18 Feb '11, 12pm

KUALA LUMPUR: Malaysia's economy slowed to 4.8 per cent growth in the fourth quarter, hit by falling exports, but for the ...

Japan economy contracts more than expected in Q4

channelnewsasia.com 10 Mar '11, 1am

TOKYO: Japan's economy contracted by more than first thought in the fourth quarter of 2010 due to weaker-than-expected bus...

Economy grew at record pace last year: By Aaron Low The MTI also said that the 2009 recession was not as bad as

Economy grew at record pace last year: By Aaron...

straitstimes.com 17 Feb '11, 10pm

The MTI also said that the 2009 recession was not as bad as previously thought, with the economy contracting by just 0.8 p...

Banyan Tree's Q4 net profit jumps 6-fold

Banyan Tree's Q4 net profit jumps 6-fold

channelnewsasia.com 24 Feb '11, 12pm

SINGAPORE: Mainboard-listed luxury resorts operator Banyan Tree said its fourth-quarter net profit increased by six-fold t...

British PM sorry for Libya evacuation delay

British PM sorry for Libya evacuation delay

channelnewsasia.com 25 Feb '11, 1am

LONDON GATWICK AIRPORT: Two British rescue flights were to depart Libya on Friday and a warship full of stranded nationals...