Asian stocks rose Monday 26 October on news that Toyota had made an “unexpected profit” and South Korea posted the best growth figures for its economy in seven years, reports Bloomberg. The global economic picture remains mixed, with the UK Monday posting figures for July-September 2009 that show the recession on a par with that of 1979-81, says the FT. In the US, the Federal Reserve closed three more banks, bringing the number of closures to 100 for the year, the highest figure since 1992.
Links to other sites: BBC, Bloomberg, Financial Times
Posted by Ellen Wallace on 26 October 2009 at 6:32 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 26 October 2009.
Filed under: World news
Tags: Asian stocks, bank closings, global economy, recession, South Korea, Toyota, UK, US banks
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