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August 28, 2007
by Stewart Douglas
The policy board of the Bank of Japan have suggested that the Japanese economy is likely to follow a stable price growth curve over the next few weeks, according to the minutes of the last meeting.
The minutes, which were published today, reflected a commitment to maintaining monetary policy under the current economic climate, showing perceived stability within the Japanese economy.
The policy board ...
by Stewart Douglas
US consumer confidence over the course of August has declined, in the wake of ongoing turbulence on the stock exchange and poor housing results, according to a study released today.
The study conducted by the Conference Board in New York reflected consumer confidence had fallen through a decline in their Consumer Confidence Index, reflecting growing consumer unrest at the health of financial markets.
The ...
by Stewart Douglas
Stock markets throughout the European Union have dramatically fallen in the wake of heavy losses stateside at the close of trade today.
After upward momentum in trade towards the end of last week, ongoing news of the decade low housing sales in the US over the last month have led investors across Europe and the USA to lose total confidence in ...
by Stewart Douglas
UK business has been dealt a significant blow by recent market conditions, and the unrest across the pond, according to a report released today.
With stock markets thrust into violent decline over the last few weeks, and ongoing problems in the US economy, UK market investors are beginning to feel the heat, and are losing confidence in the near future of their market.
The BDO ...
by Stewart Douglas
In the wake of years of economic growth, around a quarter of the population of the UK don't save any money on a regular basis, according to a report released this morning.
The report, commissioned by The Post Office, reflected an astonishing trend towards spending rather than saving money, with the majority of those who do save choosing to splash out on ...
by Elaine Frei
The euro added 0.1 percent to $1.3650 versus the greenback on Tuesday and was up 0.3 percent to £0.6805 against sterling after the Ifo business climate index in Germany did better than had been anticipated, dropping to only 105.8 in August instead of to 105.4.
Sterling also dropped in relation to the US dollar and the yen, falling 0.2 percent to $2.0080 ...
by Stewart Douglas
Consumers across the world are likely to feel the brunt of escalating meat prices according to a study released today.
The survey published today by accountants and business think-tank Delloite reflected an imminent threat of meat price inflation, off the back of rising farming costs on a global scale.
After a year of poor weather for growers across the globe, with more severe weather patterns seriously damaging yields, ...
by Elaine Frei
December corn on the Chicago Board of Trade dropped 8.25 cents to $3.45 per bushel Tuesday on higher supplies as the US harvest begins.
Some farmers in the South are expected to have to send crops to export depots in Louisiana because of a lack of local storage.
In anticipation of this necessity, the cost to ship crops from St. Louis to Louisiana is ...
by Elaine Frei
European markets declined substantially on Tuesday after over a week of steady gains. The FTSE Eurofirst 300 dropped 1.81 percent to 1,488.92. In Frankfurt, the Dax fell 0.74 percent to 7,430.24. Madrid’s IBEX was 1.26 percent lower to 14,124.8, while the CAC-40 was down 2.08 percent to 5,474.17. Banks and insurers were lower, as were some in the ...
by Kay Murchie
The USA’s second largest retailer, Home Depot, is expected to receive $7.9bn in cash from the renegotiated sale to private equity investors of its HD Supply wholesale unit. In addition, the retailer is to invest $325m in a 12.5% stake in the new business and will guarantee a $1bn senior secured loan that forms part of the financing supporting the $8.5bn ...
August 27, 2007
by Stewart Douglas
Stock markets across the world were largely down over the course of today after more bad news from the US housing market further dented investor confidence.
With US home sales down to a ten year low, markets in the US were understandably considerably down on the start of trading today, despite upwards momentum at the close of last week.
Meanwhile, European ...
by Stewart Douglas
Mining giants Rio Tinto have today been given the all clear from US authorities for its proposed acquisition of Canadian company Alcan.
The Anglo-Australian listed group looks set to complete its purchase of Alcan at a value of $38.1 billion, after antitrust barriers were cleared in the US.
While analysts had widely predicted the move to go through without any problems, authorities ...
by Stewart Douglas
Chinese authorities have announced that inflation is likely to pose the biggest threat to their economic health and development over the short term.
The announcement came after startling increases in the price of food, which analysts say have the potential to lead to civil unrest within the economy, as families struggle to meet the rising costs of foodstuffs and basic living ...
by Elaine Frei
US Treasury bond prices rose and yields fell in light trade as UK markets took a holiday and many investors took the week off ahead of next Monday’s Labor Day holiday in the United States.
Prices rose as concerns about weakness in the US economy persisted when new data showed that existing homes sales dropped in July for the fifth month in a ...
by Stewart Douglas
The troubled US housing market has again today been in the limelight, after a significant survey revealed home sales had fallen to a five year low.
The study, conducted by the National Association of Realtors, showed that to the year on July, house sales nationwide had fallen to their lowest level since 2002, further emphasising the extent of the problem facing ...
by Elaine Frei
The euro declined Monday after comments from the president of the European Central Bank said that the Bank is not “pre-committed” to raising Eurozone interest rates when it meets on September 6.
Just after Jean-Claude Trichet’s remarks became public knowledge, the euro dropped by 0.33 percent to $1.3644 against the US dollar and by midday in New York the dollar remained ...
by Stewart Douglas
Japan has today announced that it has come to an agreement with the Association of South East Asian Nations (Asean) that would see free trade between the member states.
The economic body comprised of delegates from Asean member states, accounts for a significant proportion of bi-lateral trade with Japan, and would see the region turn virtually into a free trade zone.
Japanese ...
by Stewart Douglas
Germany has today announced that it believes China should be doing more to tackle climate change, on the first day of an official state visit to Beijing.
Chancellor Angela Merkel took time to urge Chinese authorities to clamp down on major polluters and emissions, in an attempt to help reverse the effects of global warming and bring the world's fastest ...
by Elaine Frei
November soybeans on the Chicago Board of Trade were up 7.75 cents to $8.73 per bushel on concerns that extreme weather conditions have hurt yields.
Some parts of the area from Iowa to Ohio have received as much as 10 inches of rain in the past week, while in some parts of the South August temperatures have averaged up to 10 degrees Fahrenheit ...
by Elaine Frei
Equities markets in the Asia-Pacific region were higher to begin the week, with new records set in both Hong Kong and on the Shanghai Composite. The Hang Seng index added 2.86 percent to a new record close of 23,577.73. Meanwhile, the Shanghai Composite hit a new record during the session but settled back to close at 5,150.12, a gain ...
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