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Credit crunch has mixed effects
The global credit crunch has not been all doom and gloom on the Scottish economy, according to a recent Government report. Despite downturns in industry, independent experts have predicted economic growth to speed up in 2010 and employment is currently at an all-time high.
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Business Headlines
Oracle hardware sales drop, shares fall
By Jim Finkle
BOSTON (Reuters) - Oracle Corp shares dropped 6.3 percent as investors were disappointed that its profit beat estimates by a narrower margin than in recent quarters.
Higher U.S. jobless claims indicate weak labour market
By Lucia Mutikani
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, suggesting little improvement in the labour market this month after hiring stumbled badly in May.
Oil dives to 4-month low as emergency stocks unleashed
By Matthew Robinson
NEW YORK (Reuters) - Oil prices tumbled 6 percent on Thursday after the world's biggest consumers released emergency oil reserves for the third time ever, a surprise intervention to aid the struggling global economy.
