&#39;Tankan&#39; sees first slide in 21 months; recovery past peak
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Business confidence at Japan&#39;s large manufacturers in the October-December quarter worsened for the first time in 21 months, and the outlook for next quarter is even dimmer, according to the
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TOKYO  - Japan downgraded its economic assessment for the first time in more than a year Tuesday, noting slower export growth and curbed production, but said the recovery is continuing.
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Washington went from worst to first in 2 1/2 months. Now the challenge facing the Capitals is staying there.
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U.S. housing starts fell more   sharply than expected to the lowest rate in more than three   years, while core producer prices dipped unexpectedly,   according to government reports on Tuesday that confirmed a   fast-cooling economy.
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The new forecast will reflect the drag from the housing slump and a slightly lower-than-expected unemployment rate.
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Having slipped back to .500 with two straight losses, and having already lost at Charlotte earlier this month, the Knicks had to recover from a holiday hangover.
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Business confidence among Japanese manufacturers has weakened for the first time since March 2003, the quarterly Tankan survey has found.
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The nationâs manufacturing sector managed to slip into a recession with almost nobody seeming to notice. Well, until Tuesday.
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Japan&#39;s unemployment rate fell to a six-year low in November and industrial production picked up, offering evidence that the nation&#39;s recovery is continuing, although at a significantly slower pace than earlier in the year.
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The 21-year-old winger was signed from Arsenal in the transfer window last season and despite a slow start to his Valley career has broken into the side over the last two months.
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The voluntary cuts in production are in response to oil prices that have fallen nearly 20 percent from their peak two months ago.
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As the markets dropped sharply last week, sending volume soaring and backing up trades handled by the New York Stock Exchange, at least one stock market player was resting easy.
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Japan's Nikkei average edged up 0.26  percent by midsession on Wednesday after the Bank of Japan's  quarterly "tankan" survey showed a weakening of corporate  sentiment that was in line with expectations.
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Japanese small-caps are among the world&#39;s worst-performing stocks. The main indices took a tumble at the beginning of last year and analysts say they are not likely to return to their January 2006 records.
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The U.S. trade deficit narrowed in  December as oil import prices had the biggest decline in nearly  14 years, while first-time claims for jobless benefits fell to  the lowest level in more than 4 years.
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The bankâs abrupt reversal of positions on Monday contributed to a decline that snowballed into an avalanche of sell orders around the world, some traders said.
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U.S. housing starts plunged to a   more than three-year low in August, while falling new vehicle   costs kept producer prices unexpectedly weak, the government   said on Tuesday, bolstering views the economy is cooling.