February 24, 2009 Tuesday
Updated

BERLIN - STRONG growth in Germany's renewable energy sector along with increased state spending for environment protection could help shorten the country's worst post-war recession, the government said on Tuesday.

 
Strong action needed

WASHINGTON - US FEDERAL Reserve Chairman Ben Bernanke warned on Tuesday that unless government efforts succeed in restoring financial stability, the nation's recession may not end this year.

Mr Bernanke told lawmakers that the sharply shrinking economy was at further risk from mutually reinforcing weakening growth and financial market strain.

US stocks open higher

NEW YORK - WALL Street is up moderately higher as investors await a reading on consumer confidence and Federal Reserve Chairman Ben Bernanke's testimony on monetary policy.

US home prices plunge in Q4

NEW YORK - A WIDELY watched index shows home prices tumbled by the sharpest annual rate on record in the fourth quarter and in December.

   
S M T W T F S
07 08 09 10 11 12 13
14 15 16 17 18 19 20
Best viewed at 1152x864 resolution with IE 6.0 or FireFox 2.0 and above Copyright © 2008 Singapore Press Holdings Ltd. Co. Regn No. 198402868E | Privacy Statement | Terms & Conditions