Word: lowests
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...Federal Reserve cut its benchmark interest rate by 50 basis points to 1% on Wednesday, continuing an aggressive effort to fend off a deep recession. The rate now stands at the lowest level since 2004 - and central bankers signaled that they may resort to more cuts in the months ahead...
According to Garrett Alexander, the Mecklenburg County assessor, there are 926 new or expanding businesses in Charlotte through the first three quarters of this year, compared with 898 at the same time in 2007. Retail vacancies are at 5.9%, the lowest rate since 1988. There were 9,552 new jobs created, though that marked a 15% drop from the same period last year...
...face of the global financial crisis. The economy is highly dependent on exports, especially of electronics, to the U.S. and elsewhere. Taiwan's export orders grew only 2.8% in September from a year earlier, the slowest pace since 2002. The consumer confidence index in October dropped to the lowest level since monthly surveys were first conducted...
...Europe fared no better during the initial hours of trading, with London's FTSE 100 at one point dropping 5.6% to its lowest mark since April, 2003. In Paris, France's CAC 40 plunged 5.4%, while Germany's Dax was down 3.3%. Things looked set to begin just as bad in New York, meanwhile, with Dow Jones futures trading 3.2% down, in line with Friday's drop...
...selling common and preferred shares. It was negative news following negative news. Less than one week ago, Mitsubishi UFJ downgraded its net profit for the first half of the year to about half of what it was last year at this time. Japan's Nikkei index closed at its lowest level in 26 years...