The industrial market performed surprisingly well in the third quarter, defying the housing slump, the credit squeeze
and slower economic growth.
If Greenspan moves to lower interest rates, that could free up billions of dollars in capital that had been sidelined, easing the credit squeeze
in key tech sectors such as telecommunications.
The use of crisis funding by German banks dropped by a third in January from the previous month, an indication that banks are returning to money markets after last year's credit squeeze
The Chinese-owned company said it expects to cut 20 jobs at the former MG Rover plant in response to the move, which is in line with production cuts seen at most of the world's carmakers over the past year after the global credit squeeze
and recession sent sales plummeting.
Paris-based French women's clothing store chain Morgan has become the latest High Street nameto fall victim of the credit squeeze
after calling in the administrators.
According to Y K Koo, director (sales group), Hyundai Motor India, 'The credit squeeze
has hit the automotive industry hard.
But the bold rate cuts of recent weeks and measures to support SMEs should help prevent a further credit squeeze
but the impact is unlikely to be immediate.
As a result, banks hoarded cash, spreading the effects of the credit squeeze
from the financial market arena to the broader economy.
The economy has weakened dramatically even before the full impact of the credit squeeze
and housing downturn has been felt.
Mr Cunningham fears the credit squeeze
will threaten this provision but was told an announcement would be made soon on plans for more affordable homes to rent or buy.
THE credit squeeze
may be pushing travel insurance to the bottom of the pile for hard-up holidaymakers.
It was thought that soaring household bills and the credit squeeze
would deter shoppers.
We are all feeling the pinch with high taxation, increasing household bills and the credit squeeze
MANAMA: The international information technology industry remains upbeat despite the recent credit squeeze
worldwide, reveals a survey.
Banking shares remained under pressure amid no end in sight to the credit squeeze
affecting the mortgage market.