August 2011 Archive

CBI: Service sector activity falls for first time since November 2009

The CBI services sector quarterly survey reveals low business confidence

The latest quarterly services sector survey conducted by the Confederation of British Industry (CBI) reveals that sales volumes fell, especially in business and professional services.

IMF chief Lagarde warns of dangers of global economic slowdown

The new IMF chief has warned of the dangers facing the global economy

The new head of the International Monetary Fund (IMF), Christine Lagarde has warned economic policy chiefs that co-ordinated action is required to stop a new global recession.

Bernanke predicts US economic growth buy says no new QE for now

Ben Bernanke gave no firm proposals in his speech on Friday

The chairman of the US Federal Reserve gave no announcement of immediate new stimulus for the US economy but announced an extended meeting of the US central bank next month at which all options will be discussed.

Dangers of dying intestate

The importance of writing a will

Recent research indicates that 62 per cent of adults in Britain do not have a will, despite the fact that an estimated 9 out of 10 know to whom they want their estate to be left. Whilst it is understandable that people do not like thinking about death, it is important to ensure your estate is in order.

Global economic focus switches to Fed's Ben Bernanke at Jackson Hole

Ben Bernanke, head of the US central bank, will make a keynote speech later today.

The Head of the US central bank, Ben Bernanke, will meet with central bankers at Jackson Hole, Wyoming today. The contents of his speech will be closely scrutinised for any hints on potential changes to economic policy.

Moody's cuts Japan's sovereign debt rating

Moody's has cut the sovereign debt rating of Japan

Respected credit rating agency, Moody's, has cut Japan's sovereign debt rating from Aa3 to Aa2 because of its large budget deficit and lack of political leadership to drive the country out of recession.

Manufacturing sector shows healthy order book

Manufacturing and factory expectations for output and orders is growing, according to the CBI

The latest Industrial Trends report from the Confederation of British Industry (CBI)shows that both expectations of future output and orders have increased as inflationary and pricing pressures recede.

Gold breaches $1,900 an ounce on speculation that US Fed will enter QE3

Gold breached $1,900 an ounce in overnight asian trading

Gold reached $1,913 an ounce on the Asian markets overnight, fueled by speculation that the US will introduce a further round of quantitative easing, before falling back as European markets rose in early trading.

Libyan crisis lowers the price of oil

Oil prices are falling, in part due to the crisis in Libya

As the rebels enter Tripoli, the price of oil has fallen and with a further one million barrels of oil likely to be produced in Libya once the crisis ends, this trend is set to continue.

Merkel rules out eurobonds as a solution for eurozone debt crisis

Angela Merkel has rules out eurobonds as a solution to the European debt crisis

German Chancellor, Angela Merkel has insisted that eurobonds, a proposal favoured by investors as a solution to the euro debt crisis would be "exactly the wrong answer."

Bank credit problems lead to concern of new banking meltdown

Investors fear a new banking crisis

The inability of major European banks to borrow on the money markets has led many analysts to fear that we are heading for a new global banking crisis.

Global stock markets plunge as investors fear economic slowdown

Stock markets around the world fell again yesterday

Stock markets around the world fell yesterday and on the resumption of trading today as continued concern that economies across the globe are poised for a further economic slowdown dominated investor sentiment.

EU wants financial transaction tax to include UK

The Eurozone wants the proposed financial transaction tax to apply to all EU members

Eurozone members want the proposed financial transaction tax to apply to all countries in the EU not just the 17 member states who make up the eurozone.

George Osborne hints that 50p rate of income tax could be scrapped

George Osborne has questioned the effectiveness of the 50p rate of income tax

The Chancellor, George Osborne has told the BBC that he has asked the Inland Revenue to investigate if the 50p income tax rate is bringing in expected revenues to the Treasury.

European stock markets finish week on a high

The FTSE 100 recovered losses incurred earlier in the week

After a turbulent week the FTSE 100 made gains on its starting position and after a ban on short selling in some European countries, markets in Europe rose. The US markets also rose after healthy retail sales data.

Euro markets rise in response to ban on short selling

Four EU nations have introduced a temporary ban on short selling

Spain, France, Italy and Belgium have introduced a temporary ban on short-selling in a bid to calm the turbulent European stock markets.

European stock markets reverse early gains

European stocks fell during trading this morning

European stock markets reversed early gains made when the trading floors opened this morning amid further concerns over the euro debt crisis.

European markets make early gains after Asian recovery

European stock markets opened strongly on Thursday

The markets in Europe opened higher when they resumed this morning after a further mixed trading day for Asian stocks and shares.

French stocks and banks rock amid more volatility in global markets.

Nicolas Sarkozy met with the leader of the French central bank to discuss the economy today

French bank Societe Generale saw its shares fall by 21 per cent before bouncing back to register a 13 per cent loss at the close of markets after rumours abounded that France could lose its triple-A credit rating.

Gold continues its ascent to top of investment pile

Gold continues to increase in value

The value of gold continues to increase as investors flee the bond markets to put their funds in a safe haven.

European and Asian stock markets open with gains after US Fed statement

The FTSE 100 made early gains in trading this morning

The FTSE 100 made increases of 1.6 per cent after markets opened this morning, joining stock markets globally in bouncing back after the announcement from the US Federal Reserve that it will keep interest rates low until mid-2013.

UK trade gap 'widened in June'

Britain's trade gap grew to £4.5 billion in June, official figures have shown

New figures from the Office for National Statistics showed Britain's trade gap expanded to £4.5 billion in June.

FTSE 100 rises after early falls but global market turmoil continues

The FTSE 100 reversed most of the losses incurred in early trading today

The FTSE 100 regained ground late this morning after initially falling by around five per cent. Asian markets also gained after early falls but investors fear further US falls when Wall St opens in a few hours.

US stocks follow Europe's lead and fall sharply

The US stock markets followed the lead of Europe and fell sharply today

Stock markets in the United States opened for the first time today since the US credit rating was downgraded by Standard & Poor and early trading showed a similar fall in values as investors sold stocks.

Early stock market gains reversed as euro debt fears continue

Early gains in the global markets today have been reversed

The European Central Bank's (ECB) intervention in the Italian and Spanish bond markets today provided an early boost for global stock markets today that proved shortlived.

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