Oil Prices Fall Back
October 3, 2007
The price of oil has finally slipped back on international markets below the $80 mark, with investors keenly anticipating figures from the US crude oil inventory due tomorrow.
The price of crude oil has fallen back over the last few days with investors content to reap the rewards of their investment purchases through selling stock and […]
Zimbabwe Currency Revised To Help Inflation
October 3, 2007
The central bank of Zimbabwe has today launched a variation on its existing currency, as part of its wider commitment to tackling the crippling rate of inflation that has left the country in dire economic need.
The currency will in effect reduce the number of zeros on each bank note, after the bank was forced to […]
Mixed Trading On Global Stock Markets
October 3, 2007
Stock markets across the world have experienced a day of mixed market trading today, with hopes of a further Federal Reserve interest rate cut doing little to curb the anti-investment sentiment arising from lower pending home sales.
Europe saw an overall fall in its unemployment figures to give the leading exchanges there a boost, whilst the […]
“BoE Should Cut Interest Rates” Say Analysts
October 1, 2007
The Bank of England should lower interest rates when it meets this week in order to aid economic growth and avoid potential pitfalls of prolonged high rates, according to a statement made by the influential Ernst & Young Item Club today.
The move came just days before the Bank of England Monetary Policy Committee is poised […]
Minimum Wage Up In UK
October 1, 2007
The UK minimum wage is set to increase as of today, leaving around one million employees nationwide with a statutory pay increase as a result. Additionally entitlement to annual leave has also increased as of today, as part of an ongoing reform of employment law and benchmark employment standards.
The full rate for minimum wage has […]
Japan Post Privatisation To Create World’s Largest Bank
October 1, 2007
The Japanese postal system has today begun its initial privatisation, as part of a decade long plan that will see the state run service become the largest commercial bank in the world.
The Japanese postal service Japan Post will begin its fragmentation today amongst the private sector organisations that have won contracts for the initial term, […]