August 2011 Archive
CBI: Service sector activity falls for first time since November 2009The 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 slowdownThe 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 nowThe 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 intestateRecent 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 HoleThe 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 ratingRespected 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 bookThe 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 QE3Gold 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 oilAs 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 crisisGerman 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 meltdownThe 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 slowdownStock 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 UKEurozone 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 scrappedThe 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 highAfter 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 sellingSpain, 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 gainsEuropean 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 recoveryThe 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.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 pileThe 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 statementThe 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'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 continuesThe 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 sharplyStock 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 continueThe 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. |
Archives 2011
January ArchiveFebruary ArchiveMarch Archive | April ArchiveMay ArchiveJune Archive | July ArchiveAugust ArchiveSeptember Archive | October ArchiveNovember ArchiveDecember Archive |
Year Archives
2013 Archive2012 Archive2011 Archive | 2010 Archive2009 Archive2008 Archive | 2007 Archive2006 Archive2005 Archive | 2004 Archive |