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September 21, 2007
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 ...
September 20, 2007
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 ...
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 ...
by Stewart Douglas
Oil prices have soared to new highs off the back of the US interest rate cuts, after market trading significantly improved as a result of the increasing stability afforded by the cheaper cost of borrowing.
The price of crude oil rose to $82 a barrel, a new record high as markets saw the impact of significantly lower US interest rates. The price ...
September 18, 2007
by Stewart Douglas
China has today announced a strategic partnership with Congo in relation to developing and constructing infrastructure for mineral and resource extraction, which is set to see heavy investment in transport and welfare projects.
The deal will see China loan Congo $5 billion in establishing more scalable extraction infrastructure for the vast mineral resources the country has to offer in exchange for access ...
by Stewart Douglas
The world stock markets have enjoyed a comprehensive day of positive trading, mainly as a result of the dramatic interest rate cut announced by the Federal Reserve, and the anticipation of the same earlier in the day.
The Federal Reserve today announced that the US interest rates were to be cut by a significant two increments, taking it down to 4.75% in a ...
by Stewart Douglas
Zimbabwe's official rate of inflation appears to have slowed over the course of the last month according to government figures released today.
In figures released by the Central Statistical Office, the prime rate of inflation on an annual basis had fallen over the course of August to 6,592.8%, from last month's official 7,634.8%.
Whilst the official figures may reflect a country in desperate economic crisis, many ...
September 17, 2007
by Stewart Douglas
The price of crude oil has today reached a new high point, breaking the landmark $81 mark for the first time in history to reflect ongoing supply shortages in the wake of increasing demand from the global economy.
The news comes on the announcement that US crude stock piles are running fatally low, at their weakest level for over eight ...
September 13, 2007
by Stewart Douglas
Stock markets across the world have closed strongly up on the day, after a positive day of strong trading worldwide off the back of reassuraning measures from within the US and further afield.
With the Federal Reserve poised to cut interest rates, oil supply guaranteed to increase in November, and the Bank of England having injected more funds to stabilise ...
by Stewart Douglas
The cost of crude oil on open commodity markets has fallen slightly from the record highs recently experienced, despite the fact that it remains fairly high by comparison to desirable market standards.
The news comes in the wake of OPEC's surprise decision to step up output of crude oil by as much as half a million barrels a day on top of existing quotas, as a measure ...
September 12, 2007
by Stewart Douglas
Wheat prices have again closed at a record high over $9 a bushel, prompting global fears that the price of bread and other wheat based products could rise.
The price of wheat touched the heights of $9.113 in the US on open commodity markets, as a result of supply shortages caused by bad weather across the world. As a result, many analysts fear ...
September 11, 2007
by Stewart Douglas
Worldwide stock markets have enjoyed heavy gains on the day's trade, seeing significant growth off the back of OPEC's surprise increase in oil output and news of a reduction in the US trade deficit.
The Dow Jones led the way with enormous successes in response to positive news about both the US economy, and indeed world stability. With oil prices set to ...
by Stewart Douglas
OPEC, the oil cartel responsible for 40% of world oil export, has announced today it has decided to increase oil output to meet rising demand, to the shock of analysts around the world.
The 12-nation cartel, set up to regulate international oil prices and economic stability, decided to increase production from later this year to account for 500,000 additional barrels every day, despite ...
September 10, 2007
by Stewart Douglas
Stock markets across the world have closed down on the whole, with lingering volatility and unrest from last week still obvious through the day's trading.
Earlier today, the Nikkei shed extensive losses in response to Friday's US trading, whereas other European and American markets maintained shaky, but not disastrous, trade over the day off the back of some seriously negative trading at the ...
by Stewart Douglas
Oil cartel OPEC are widely expected to maintain production at current levels as they gear up to meet this week, according to economic analysts and comments from OPEC officials.
The organisation, comprising major oil exporting nations and covering 40% of the world's oil supply, is responsible for managing oil prices and offsetting demand with supply through setting an economically-adjusted output level.
It had ...
September 7, 2007
by Stewart Douglas
Stock markets across the world were today affected by further bad news from the US economy, shedding much of the value gained earlier in the week.
After what had been an otherwise positively trading week, stock markets across the world saw significant sell offs on the back of more bad news about the US economy which saw jobs actually decline by ...
by Stewart Douglas
The price of gold has reached its highest price in over a year, as a result of investors buying gold to weather the current storm on world exchanges.
On a day in which the number of jobs in the US fell significantly in the face of positive analyst expectations, which has led many to fear ...
September 6, 2007
by Stewart Douglas
The International Monetary Fund has today envisaged difficulties in growth for economies across the world, as a direct consequence of the unrest in world financial and stock markets.
These comments were made just twenty four hours after the Organisation for Economic Co-operation and Development warned that the US in particular would be hit by an economic slowdown over ...
by Stewart Douglas
Zimbabwe has today announced its decision to devalue its currency in a bid to help reverse the desperate economic situation in the country.
From today, the Zimbabwe dollar is now valued at 30,000 to one US dollar, whereas the previous rate stood at just 250 dollars to one US dollar. However, many suggest that currency on the black ...
September 4, 2007
by Stewart Douglas
Stock exchanges across the world have enjoyed a day of successful trading in what has been a good week overall for investor confidence.
Whilst there is still some fragility in investment and trade, investors are gradually beginning to return to stock markets with sufficient confidence to impact on overall trading.
Once again, trading on the US exchanges led the way ...
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