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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 ...
by Stewart Douglas
The price of oil has finally slipped back on international markets below the $80 mark, with investors keenly anticipating figures from the US crude oil inventory due tomorrow.
The price of crude oil has fallen back over the last few days with investors content to reap the rewards of their investment purchases through selling stock and holding off on ...
October 1, 2007
by Stewart Douglas
The Japanese postal system has today begun its initial privatisation, as part of a decade long plan that will see the state run service become the largest commercial bank in the world.
The Japanese postal service Japan Post will begin its fragmentation today amongst the private sector organisations that have won contracts for the initial term, and will see the ...
September 28, 2007
by Stewart Douglas
Stock markets across Europe and the US have tonight closed down on the start of trade, after a day of fairly mixed economic news led to an overall gloomier picture of the world economy.
News of US consumers continuing to spend was a welcome relief from the woes of recent months, and a sign that the US economy may not be as ...
by Stewart Douglas
The International Monetary Fund has today officially named its new head in line with widespread analysts expectations, continuing what Russia has described as the trend of a European heading the IMF in return for an American heading the WTO.
Former French finance minister Dominique Strauss-Kahn was unveiled today as the new leader of the International Monetary Fund, after having received the backing of ...
by Stewart Douglas
Oil prices in Asian markets have closed at a new record high through trade today, as a result of the ongoing weakness of the dollar and the perpetual supply fears that have propped up prices for the best part of this year.
Through trading in Asia today the price of oil per barrel broke the landmark $83 point, up at just below ...
September 27, 2007
by Stewart Douglas
World stock markets enjoyed a morning of widely positive trading, off the back of fresh hopes that the Federal Reserve would further cut interest rates at their next policy meeting to reflect poor results from within the US.
Upon release of figures suggesting that demand for US durable goods had fallen despite the sharp drop in the value of the dollar, analysts had ...
September 24, 2007
by Stewart Douglas
A global economic slowdown over the near future is very likely, as a by-product of the current credit crunch environment, according to an announcement made today by the International Monetary Fund.
Speaking today on the impact of the US sub-prime situation in its global stability report, the International Monetary Fund suggested that the outcome of the current credit crunch environment would most likely lead to ...
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 ...
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