|
|
September 21, 2007
by Stewart Douglas
Oil prices on global commodity markets have remained high today off the back of ongoing fears of severe weather patterns in the Gulf of Mexico, which many are expecting to have an adverse impact on output.
Brent Crude trade in London hit a new high of $79.35 a barrel. whilst US light crude was down slightly to finish off the day at the ...
by Stewart Douglas
The more developed global economies are not doing enough to keep up with the rise of India and China as economic superpowers, which could lead to significant global economic problems, according to a speech made today by a former president of the World Bank.
The richer economies have not yet adapted to the fact that the global power shift ...
by Stewart Douglas
World stock markets have enjoyed a day of recovery in trade, carrying on where they left off earlier in the week with momentum from the Federal Reserve's interest rate cuts, designed to stabilise the rocky sub-prime sector.
The US sub-prime lending sector crisis had been responsible for a significant upset in world markets over the last few months, leaving investors to choose other ...
by Elaine Frei
The US dollar was down over the week after the Federal reserve cut interest rates by 0.5 percent earlier in the week, falling 1.5 percent to $1.4120 in relation to the euro on Friday, a new record low.
The dollar dropped 0.6 percent during the week to $2.0185 versus the pound, was down 1.3 percent to SFr1.1730 against the Swiss franc, and plummeted ...
by Elaine Frei
Prices were higher on US Treasury bonds Friday and yields dropped as several officials of the Federal Reserve made comments indicating that investors should not look at this week’s interest rate cut by the Fed as a bail-out for them.
One of them, Fed vice-chairman Donald Kohn, speaking at a conference in Frankfurt, German, said that Fed officials focus “sharply on the ...
by Elaine Frei
Metals prices were mixed Friday.
In precious metals, December gold was down $3.90 to $736 per troy ounce in morning trade before earning back some gains to trade 70 cents lower to $739.20 per troy ounce.
Silver and platinum traded higher, however, with December silver 15 cents higher to $13.62 and October platinum up $3 to $1,331.60 per troy ounce.
Among base metals, ...
by Elaine Frei
New York markets were higher just after noon in light trade, with the Dow Jones Industrial Average 0.79 percent higher to 13,874.90, while the Nasdaq Composite had added 0.92 percent to 2,678.64 and the S&P 500 had gained 0.8 percent to 1,530.89. Software makers, the semiconductors sector and internet related shares saw gains. The oil sector was higher on oil ...
by Kay Murchie
The Office of Fair Trading (OFT) has said that supermarkets and their suppliers could face fines of hundreds of millions of pounds after they artificially raised dairy product prices.
The consumer watchdog said that supermarkets and dairy processors conspired to increase the price of milk, butter and cheese between 2002 and 2003 by sharing commercially sensitive information and, therefore, increasing the cost ...
September 20, 2007
by Stewart Douglas
UK retail sales have enjoyed growth over the course of August beyond analyst expectations as a result of widespread sales on the high street which has led to significantly decreased prices.
The sales figures released today by the Office for National Statistics show an increase in retail sales beyond the initial projections for the period, reflective of growing consumer spending ...
by Stewart Douglas
World stock markets have seen their first day of all round negative trading after the Federal Reserve cut US interest rates to 4.75% earlier in the week, reflecting that the world economy may not yet be in to the clear.
The negative trading comes largely as a result of word from the Federal Reserve that the extent of the sub-prime lending crisis could ...
by Stewart Douglas
The value of the dollar has fallen to a new record low against the euro off the back of Federal Reserve interest rate cuts earlier in the week, which has seen many currency investors turn away from the dollar in favour of more beneficial currency investment.
The dollar fell below the benchmark $1.40 to the euro mark through trading today as ...
by Stewart Douglas
Losses arising from over exposure to the sub-prime sector will rise in excess of even "the most pessimistic" forecasts, according to a statement made today by the Chairman of the Federal Reserve.
Chairman Ben Bernanke made the announcement to a US finance committee meeting which suggested that the extent of the sub-prime crisis was further beyond previous analyst expectations, sending trading on ...
by Stewart Douglas
The Chinese government has today announced it is freezing certain prices within the economy in order to help keep inflation under control to prevent further economic detriment, as part of its ongoing commitment to keeping inflation under control.
The move came after inflation for the month of August on the consumer price index rose to 6.5% annually, up from ...
by Stewart Douglas
The French public sector is to undergo a drastic slim down on the impetus of new president Sarkozy, which could see up to 22,000 employees lose their jobs over the next few years.
President Nicolas Sarkozy spoke today on his desire for reform of the presently overcrowded public sector, which he describes as a drain on the economy at present. The ...
by Elaine Frei
Base metals were mixed on Thursday, with the price for most seeing declines, while copper and lead prices were higher.
December copper, added 2 cents to $3.59 per pound in New York, while three-month copper on the London Metal Exchange gained $30 to $7,915 per tonne.
Lead added $13 to $3,248 per tonne in London.
Three-month aluminium was $34 lower in late afternoon trade in London ...
by Elaine Frei
Equities markets in Europe were lower on Thursday‘s session. The FTSE Eurofirst 300 fell 0.63 percent to 1,539.89. In Frankfurt the Dax was 0.19 percent lower to 7,735.09, while Madrid’s IBEX was down 0.47 percent to 14,427.1 and the Paris CAC-40 dropped 0.73 percent to 5,688.76. The construction sector saw gains, as did some retailers and stock exchange operators. ...
by Elaine Frei
The US dollar was weaker in Thursday morning trade in London, still suffering from the Federal Reserve’s move Tuesday to cut US interest rates by 0.5 percent.
The greenback fell 0.2 percent to $2.0050 against the pound, while it dropped 0.4 percent to ¥115.55 in relation to the yen, was down to a 30-year low versus the Canadian dollar at C$1.0090, and fell 0.9 percent ...
by Kay Murchie
HSBC Chairman, Stephen Green, has announced that the bank is not considering acquisitions in Japan. Instead, Europe's largest bank is to concentrate on growth by itself as it rolls out retail banking in the world's second-largest economy.
The Chairman added that there is potential for at least 35 HSBC branches in Japan over the mid to long term. HSBC plans to ...
by Kay Murchie
Woolworths, the high street retailer, saw sales rise by 16% in the first 6 months of 2007. The troubled toys, clothing and sweets chain announced a narrowing of its losses in the first 6 months, but said it was cautious about its prospects for the remainder of 2007.
Chief executive, Trevor Bish-Jones, warned that Christmas spending will be knocked by the current credit ...
September 19, 2007
by Stewart Douglas
Markets across the world have again enjoyed a day of positive trading, after yesterday's much anticipated interest rate cut at the Federal Reserve brought some much needed stability back to world markets.
The move comes amidst fears of the extent of the sub-prime situation, and the wider economic effects of tightening liquidity conditions on economies across the world, much of which have been ...
|
|
