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January 10, 2009 Saturday
Updated

LONDON - THREE British retailers bucked trends in the struggling sector to report rising holiday sales on Friday, thanks to discounting and spending from tourists attracted by a lower pound - but analysts believe the momentum can't be sustained.

 
Wall Street narrowly mixed

NEW YORK - US STOCKS opened little changed on Friday after dismal December jobs data was not as bad as feared, raising hopes that the worst of the recession's job losses was over.

Urbanisation needed for growth

THE world is not flat, contrary to recent theory, and geography still counts for much in the global economy.

Canada sheds 34,400 jobs

OTTAWA - THE Canadian economy lost 34,400 jobs in December, driving the unemployment rate to 6.6 per cent, Statistics Canada said on Friday in a fresh sign of recession gripping the nation.

   
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