Friday, September 21, 2007

Recession in USA Latest Update.

HCL Tech Expects Negligible Impact Of Possible US Slowdown (Nasdaq)

MUMBAI -(Dow Jones)- Indian software company HCL Technologies Ltd. (532281.BY) is unlikely to be seriously affected by a possible slowdown in the U.S. economy as its business is spread across various operations and countries, the company's president said Thursday.

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RP vulnerable to US slowdown despite recent growth - EIU (ABS-CBNNEWS.com)

The Philippines remains vulnerable to a slowdown in the U.S. economy despite posting strong growth in the first half, the London-based Economist Intelligence Unit (EIU) said in its global forecast.

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(AFX UK Focus) 2007-09-21 06:14 GMT: Philippine shares close lower on fresh worries about US economy - UPDATE (Interactive Investor)

MANILA (Thomson Financial) - Philippine shares closed lower Friday as investors cashed in recent gains while fresh concerns about the health of the US economy and surging oil prices weighed on sentiment.

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China’s top firms face increased risks on US growth fears: S&P (Gulf Times)

HONG KONG: China’s top companies will likely see a slowdown in breakneck growth over the next 18 months, under pressure from the US economy and concerns over the “Made in China” tag, Standard & Poor’s said on Tuesday.

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Investors fear US slowdown could hit Indian IT firms (The Hindu)

Mumbai, Sept 17 With concerns of a slowdown in the US economy resurfacing, Indian IT firms lost significant ground on the bourses in the last one week.

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