September 2011 Archive
European stock markets suffer worst quarter since 2002The FTSE 100, German Dax and French Cac indexes suffered further big falls today to cap a dreadful quarter and analysts believe more falls are likely. |
Germany votes to increase EFSF bailout fundThe German Chancellor, Angela Merkel, has come through a crucial vote on extending the European bailout fund with an overwhelming majority today. |
UK will resist EU transaction tax unless it applies globallyThe UK Treasury has said that it will not join a financial transaction tax proposed by the European Commission unless it is implemented globally. |
Insider's view on UBS rogue trader Kweku AdoboliGreg Secker, a former trader, gives his view on the UBS scandal and reveals the structures behind the scenes at investment banks that make further rogue trades possible. |
Gold: It's not the only precious metal investment option!Gold has fallen in value in the last few weeks, but that is likely to be temporary. However, there is another precious metal that has outperformed gold in 2011. |
Shares rise as investors see hope for euro debt crisis solutionShares in the UK FTSE 100, German Dax and France's Cac indexes all increased today as traders optimism that a solution to the euro debt crisis will be found rose. |
Plan to allow 50% Greek default emerges from IMF meetingA plan to allow Greece to default on 50% of its debt, extra funds for the euro bailout facility and the strengthening of eurozone banks has emerged from IMF talks this weekend. |
IMF: "We will do whatever is necessary to solve the euro debt crisis"The International Monetary Fund (IMF) said that it will work to secure banks and hinted that European Financial Stability Fund (EFSF) could be given extra funds. |
Global economy poised to enter recessionThe global economy will enter a double-dip recession unless a comprehensive solution to the European debt crisis is found and acted upon now, say global leaders. |
Euro shares stabilise following G20 pledgeStock markets in Europe have opened with slight gains following a pledge by the G20 to step in and take action to stop the euro debt crisis from escalating. |
Global shares plunge on unremitting economic gloomStock markets continue to fall in the US, Europe and Asia after gloomy economic pronouncements from the Federal reserve, IMF and now the World Bank. |
UK manufacturing orders down in September, CBI saysThe manufacturing sector in the UK experienced a drop in order levels this month but expects them to pick up in the coming quarter, it has been revealed. |
UBS rogue trader Adoboli remanded in custody until Oct 20thUBS rogue trader Kweku Adoboli appeared in court today and has been remanded in custody until October 20th when he will return to face a committal hearing. |
Retiree sets up own investment intelligence toolA retired furniture maker who became disillusioned with the state of his pension fund has set up his own investor intelligence tool. |
Operation Twist fails to satisfy US and Asian marketsThe launch of Operation Twist by the US Federal Reserve has failed to calm global stock markets with many commentators saying the Fed chose the wrong policy. |
IMF predicts weak and bumpy global recovery aheadThe International Monetary Fund (IMF) has cut its growth forecast for the UK economy in 2012 to 1.6 per cent, warning that advanced economies face anemic growth levels. |
Roubini calls on Greece to return to the drachmaA leading economist, Nouriel Roubini, who successfully predicted the timing and scale of 2008's credit crunch has urged Greece to leave the euro and begin an orderly default. |
S&P's Italian downgrade does not affect markets in early tradingThe downgrade of Italy's sovereign debt rating does not appear to have affected stockmarkets in early trading this morning. |
Obama says tax rises must be a part of US deficit reduction planPresident Obama has outlined his proposals for reducing the US budget deficit, saying that tax revenue has to be a part of the plan and that "this is not class warfare, it's math." |
Cable says that debate on more B of E QE stimulus is necessaryVince Cable has told activists ahead of the Liberal Democrat conference that it is correct that cabinet debated the merits of whether the Bank of England should issue more monetary stimulus into the economy. |
Obama to unveil new "Buffett" tax for US citizens who earn more than $1mThe US President, Barack Obama, is set to unveil a new "Buffett Rule" for US citizens who earn more than $1m a year when he makes a key speech tomorrow on how the US will reduce its deficit. |
Glazer's aim to control Manchester United by selling shares without voting rightsManchester United Football Club has been given clearance for a £600 million flotation on the Singapore stock exchange but reports say that two thirds of shares to be issued will exchange voting rights for a higher dividend. |
Ken Clarke: World leaders 'paralysed' over financial crisisKen Clarke has accused European and US finance ministers of engaging in "short-term politics". |
Osborne and Geithner join EU ministers for euro debt crisis talksThe Chancellor, George Osborne and US Treasury Secretary, Timothy Geithner have joined European finance ministers in Poland for crisis talks aimed at finding a solution to the euro debt crisis. |
EU growth outlook has "deteriorated" – European CommissionLatest figures from the European Commission have caused growth predictions to be revised downwards across much of the eurozone. |
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 |