|
|
August 27, 2008
by Kay Murchie
Research by Thomson-Reuters Lipper, commissioned by the BBC, has found that savers investing their money in savings accounts have benefited rather than investing in UK stocks and shares.
The research found that if £1,000 was invested at the start of the decade, it would now be worth £1,094 in an average UK unit trust compared to £1,358 in a typical savings account.
The ...
July 21, 2008
by Peter Charalambous
Consumer spending on debit, credit and store cards fell last month in New Zealand and according to the central bank, domestic card spending increased at a slower pace of 2.3 percent from last year, even though overseas card spending experienced growth of 11.4%.
The tightened consumer spending is a further sign, alongside record-high interest rates and a slumping housing market, ...
by Peter Charalambous
Prices paid to Australian producers increased slower than predicted, as the producer price index advanced 1 percent after rising 1.9 percent in the first quarter, even though estimates indicated a figure closer to 1.6 percent.
Further details will be available on Wednesday when the consumer price report for the second quarter is due.
This latest development does support the view by the central ...
July 14, 2008
by Peter Charalambous
Government statistics revealed that the South Africa’s gold output for May has gone down to 11.6 percent compared to the same period in 2007, although overall mineral production has increased to 0.6 percent as non-gold minerals rise by 2.6 percent.
The country itself is struggling across a variety of sectors due to the sharp rise in fuel prices and energy blackouts ahead of ...
July 9, 2008
by Peter Charalambous
According to the leaders of the G8 nations, the world economy is facing turbulent times and they expressed their concern over commodity prices, namely oil and food as they are currently stalling worldwide growth.
Although they have remained positive about long term and future economic growth, the current situation is being seen as problematic as growth is being moderated as the ...
June 19, 2008
by Elisha Sanders
In spite of the economic turmoil that has been felt worldwide in recent months, investment banks from around the globe are still pushing ahead with plans to expand operations in Asia, namely China and India.
The World Bank recently released their 'Global Development Finance Report' which outlined the factors behind the continued economic push in the Asia region.
One ...
June 17, 2008
by Peter Charalambous
Global inflation concerns are mounting and so finance ministers from the Group of Eight nations have made a continued warning that surging food and fuel prices are threatening the global economy, amid the current uncertain economic climate which was debated at Osaka, Japan.
The meeting is set to cover a range of current issues such as the troubled financial markets and global warming.
With ...
May 27, 2008
by Peter Charalambous
South Africa's economy grew at the slowest pace in more than six years as the first quarter grow reduced to an annualized 2.1 percent, which is down from 5.3 percent from the last three months of 2007, caused mainly due to the power shortage which drastically reduced output in the mining industry.
However on an unadjusted basis, South Africa's ...
May 16, 2008
by Peter Charalambous
The United Nations (UN) has cut its forecast for world economic growth this year as a result of the deterioration of the US housing market and the credit crunch.
It is re-forecasting that global gross domestic product will grow by just 1.8 percent in 2008 compared to the initial forecast of 3.4 percent four months ago which was still ...
April 29, 2008
by Kay Murchie
International Financial Services London (IFSL) has reported that inflows of external finance to emerging markets increased again in 2006 to $1065 billion compared with $802 billion the previous year.
The report shows that inflows have recovered steadily from a low level of $183 billion in 2002 with Asia being the biggest destination for such external finance, followed by central ...
March 19, 2008
by Kay Murchie
The global credit crunch saw the collapse of US banking giant, Bear Stearns, over the weekend and the news raised fears in stock markets around the world.
Amid the panic and fear in the stock markets, the Federal Reserve cut interest rates by 0.75% yesterday and markets in Asian have started to recover. In Japan, the Nikkei ...
March 18, 2008
by Kay Murchie
The global credit crunch saw the collapse of US banking giant, Bear Stearns, over the weekend. The news raised fears in stock markets around the world which has resulted in investors looking to gold, which has often been seen as a more stable and reliable asset.
The precious metal has raked in over $1,000 per ounce over the last week ...
March 11, 2008
by Kay Murchie
Britain’s largest private equity firm, Permira, is looking to expand into the Chinese market.
The group is pushing ahead to get in on China’s consumer boom. It is to open in Hong Kong in the late spring.
Permira's high profile boss Damon Buffini is interested in businesses catering to Chinese citizens' three biggest passions - shopping, gambling and nattering on their mobile ...
February 27, 2008
by Elisha Sanders
During January, private investors withdrew £550m ($1.08bn) from unit funds and trusts. This makes January that worst month ever recorded for the investment market.
According to the Investment Management Association, January is usually the 'Isa season' which is when private investors would usually set up tax-efficient savings accounts in anticipation of the end of the financial year, however this area too has ...
by Elisha Sanders
Banks and hedge funds have looked to the freight market in the past year, as it is one of the few not hit by the credit crisis and subsequent economic deceleration.
Forward contracts in freight, which are those that give shipowners and operators the power to lock in prices in advance, saw an increase of over 150% in the past year, mainly due ...
February 22, 2008
by Elisha Sanders
Kenneth deRegt, a former head of fixed income, has been re-hired by Morgan Stanley due to the transformation of the banks risk management team. This reshaping will see deRegt stepping into the place formerly held by Tom Duala, chief risk officer.
deRegt is coming back to the bank, after leaving it six years ago, and will now be a ...
February 21, 2008
by Elisha Sanders
According to industry sources, the possible reason for the recent mark-down by Credit Suisse is the over acquiescence of risk managers to successful traders.
After the announcement of the internal review by Credit Suisse to establish exactly what has caused the mark-down, pressure has been building for the results to be made public as to why a few of ...
February 13, 2008
by Kay Murchie
Investors have been tempted by the mining sector after fears that commodities and metal prices could be about to decline.
Broker, TD Waterhouse, has noted that the latest developments have meant that the mining sector is appealing to investors as their customers have experienced a profit in recent days.
Angus Rigby of TD Waterhouse said it has been an energised week for the ...
November 7, 2007
by Kay Murchie
It has been claimed that the developing market in India is expected to provide investors with many opportunities.
Arun Mehra, manager of the Fidelity India Focus fund recently said that India is changing and new trends are emerging all the time. Huge gas and oil fields have recently been discovered on the East coast which will have ...
October 2, 2007
by Stewart Douglas
The central bank of Zimbabwe has today launched a variation on its existing currency, as part of its wider commitment to tackling the crippling rate of inflation that has left the country in dire economic need.
The currency will in effect reduce the number of zeros on each bank note, after the bank was forced to print $200,000 notes several months ago ...
|
|
