Markets Across The Globe Trade Up

Stock markets across the world traded up on the day after numerous positive reports from within the US.  On a day in which the Federal Reserve, the President and official figures reported a likelihood of an interest rate cut, markets were brimming with confidence.
After the sub-prime crisis has bogged down market trading over the last […]

Inflation Well Under Control In US

The rate of inflation in the US grew by a small margin than analysts had expected over the course of the last month, according to figures released today.
In official consumer price figures, prices have grown over the month of July, but even still fall below the rate of growth many analysts had forecast for the […]

Mugabe Decree To Keep Inflation At Bay

Zimbabwe has taken drastic steps today in law enforcement as an attempt to bring inflation under control, according to reports from international news agencies today.
President Mugabe has decreed a nationwide ban on price increases in an attempt to keep inflation under control.  The move will cover all wage rises and price increases to decrease inflation, […]

BAA Cutbacks Could Lose 2,000 UK Jobs

BAA, operator of major airports throughout the UK, has today announced its decision to lay off staff from its sites across the country in accordance with its recent review on efficiency.
Whilst roles in security and customer care would not be sacrificed, the potential losses, which according to some reports could amount to 2,000, could fall […]

French President Committed To Breaking Down Working Hours

The French 35-hour work week accused of leading to poor economic growth looks set to become a thing of the past, according to new French President Nicola Sarkozy and his tough agenda for economic reform.
In a speech made today, President Sarkozy announced he intended to work towards ‘loosening’ the 35-hour week, as a proactive attempt […]

World Stock Markets In Mixed Day

US stock markets remained on edge throughout trade today amid speculation that the Federal Reserve is contemplating a decrease in interest rates, while European markets managed to gain some growth.
After news of an increased growth in the US economy, European markets gained some confidence as share prices grew, despite the lack of impact the news […]

EU China Bulb Tariff To Remain

European Union authorities have today announced their decision to maintain current import tariffs on energy efficient light bulbs from China, which would otherwise flood the market and hinder internal industry.
The European Commission took the decision to maintain the tariffs which are designed to stop the market flooding with cheap Chinese import goods.  At present rates, […]

Chinese CPI Likely To Grow Beyond Estimates

The Chinese consumer price index is said to be likely to outstrip the government’s target over the course of this year, according to an announcement made at a press conference today.
The announcement from Su Ning of the Chinese Central Bank described that it was looking likely that the Chinese CPI would grow by more than […]

UK House Prices Slowing

The price of homes across England and Wales have grown at are slower pace through the month of July according to official figures released today.
In figures released by the Land Registry, house price inflation was shown to have come in at by 0.1% over the last month, taking the year on July house price inflation […]

Volatility In Markets Hits Business In UK

UK business has been dealt a significant blow by recent market conditions, and the unrest across the pond, according to a report released today.
With stock markets thrust into violent decline over the last few weeks, and ongoing problems in the US economy, UK market investors are beginning to feel the heat, and are losing confidence […]

UK Savings Study Turns Surprising Results

In the wake of years of economic growth, around a quarter of the population of the UK don’t save any money on a regular basis, according to a report released this morning.
The report, commissioned by The Post Office, reflected an astonishing trend towards spending rather than saving money, with the majority of those who do […]

Consumers Set To Feel The Force Of Meat Price Inflation

Consumers across the world are likely to feel the brunt of escalating meat prices according to a study released today.
The survey published today by accountants and business think-tank Delloite reflected an imminent threat of meat price inflation, off the back of rising farming costs on a global scale.
After a year of poor weather for growers […]

Stock Markets Largely Falter

Stock markets across the world were largely down over the course of today after more bad news from the US housing market further dented investor confidence.
With US home sales down to a ten year low, markets in the US were understandably considerably down on the start of trading today, despite upwards momentum at the close […]

Rio Tinto Alcan Acquisition Gets The Green Light

Mining giants Rio Tinto have today been given the all clear from US authorities for its proposed acquisition of Canadian company Alcan.
The Anglo-Australian listed group looks set to complete its purchase of Alcan at a value of $38.1 billion, after antitrust barriers were cleared in the US.
While analysts had widely predicted the move to go […]

Inflation The Biggest Threat To China, According To Authorities

Chinese authorities have announced that inflation is likely to pose the biggest threat to their economic health and development over the short term.
The announcement came after startling increases in the price of food, which analysts say have the potential to lead to civil unrest within the economy, as families struggle to meet the rising costs […]

UK Mortgage Lender Northern Rock To Up Sub-Prime Rate

Mortgage lender Northern Rock has announced today that its rates for sub-prime lenders will increase as of next week, by as muich as 1.25% in some cases.
In the announcement made today, the lender said it will no longer offer variable rate mortgages in its sub-prime range, and will up the price of fixed rate mortgages […]

US Shares Lead Turnaround On World Indexes

Stock markets around the world celebrated a rare day of success in recent weeks, lead by a turnaround in the US market after several positive economic indicators.
Investors stateside were jubilant on the news that the problematic new home market could have turned the corner on the road to recovery.  Additionally, figures released by the Commerce […]

Wheat Prices Soar To Record High

The price of wheat on commodity markets worldwide has soared, after a number of announcements indicating a shortage of supply from the world’s major producers.
The news comes off the back of a series of reports from around the world that poor weather in wheat growing nations is leading to a smaller harvest than in previous […]

US Share Falls Lead Worldwide Decline

Stock markets around the world started to decline towards the close of play today, after more negative news from the US economy.
The news comes after comments made by mortgage lender Countrywide, predicting a recession as the end outcome of the housing market problems currently plaguing the US economy.
The downfall was further added to by the […]

India In Second Place For Nokia

Mobile phone giant Nokia has announced today that India is leading the way behind China as its second largest market, according to sales.
Until now, Nokia had enjoyed its second highest market in the US.  However, the announcement today reflects how far the Indian economy has come over the last few years, given that it now […]

Next Page »