Oil surges on Iranian fears February 20, 2012 OIL prices surged yesterday after a defiant Iran banned sales to Britain and France, amid growing fears over the country’s nuclear ambitions. Brent crude nudged over $121 a barrel – the highest level for eight months – as the International Atomic Energy Agency (IAEA) arrived in Tehran to assess first hand the Islamic Republic’s controversial [...]
Euro jobs at risk if crude hits $150 March 18, 2012 SURGING OIL PRICES have the potential to knock the Eurozone further into recession and cost hundreds of thousands of jobs, according to analysis by Ernst & Young. If the price of crude hits $150 (£95) a barrel this year, the consultancy expects to see contraction of one per cent in the Eurozone’s GDP, compared to [...]
Euro jobs at risk if crude hits $150 March 18, 2012 SURGING OIL PRICES have the potential to knock the Eurozone further into recession and cost hundreds of thousands of jobs, according to analysis by Ernst & Young. If the price of crude hits $150 (£95) a barrel this year, the consultancy expects to see contraction of one per cent in the Eurozone’s GDP, compared to [...]
Celebrate the open power of the 2012 Olympic truces on tax and visas May 24, 2012 THE Olympic flame is making its way around the length and breadth of Britain, a vivid symbol of one of the key values of the ancient Games: freedom of movement. Before the games at Olympia, a truce was declared so that officials and athletes could make their way to the Games without hindrance or legal [...]
FTSE pegged back by weak resources March 6, 2012 Resource stocks dragged the FTSE 100 backwards in early trading as fears over global growth continued to cast a shadow over markets. Higher oil prices triggered by the West’s tussle with Iran also added to the uncertainty and investor sentiment was weak. London’s blue chip index tracked losses on Wall Street and in Asia with [...]
Oil could hit $150, says leading trader February 21, 2012 THE PRICE of oil hovered above the $120 a barrel mark yesterday as more of Iran’s trade partners looked to cut back fuel purchases from the country. The world’s leading oil trader Vitol said yesterday it expects instability in the Middle East to push prices further. Boss Ian Taylor said: “The Iranians now want the [...]
Soaring oil prices the great unknown February 27, 2012 IT was Donald Rumsfeld, the Bush-era defence secretary, who loved to separate events into “known unknowns” and “unknown unknowns”. Even the former can have a huge impact. One key trick is to spot possible risks as they shift from one category to the other. In recent weeks, with the novelty of the Eurozone crisis wearing [...]
Eurozone inflation lower than forecast February 29, 2012 Eurozone inflation was lower than estimated in January, data showed, supporting market expectations that price growth will continue slowing as the economy contracts and possibly paving the way for an ECB rate cut. The European Union’s statistics office Eurostat said consumer prices in the 17 countries using the euro fell 0.8 per cent in January [...]
Jobs boost as Nissan pledges £127m for UK April 10, 2012 DAVID Cameron received a boost to his handling of the economy yesterday when Nissan revealed plans to invest £127m and create more than 1,000 jobs by building a new hatchback in Britain. Cameron, currently on a trade mission to Japan and south east Asia, hailed the move as a “vote of confidence” in the skills [...]
Jobs boost as Nissan pledges £127m for UK April 10, 2012 DAVID Cameron received a boost to his handling of the economy yesterday when Nissan revealed plans to invest £127m and create more than 1,000 jobs by building a new hatchback in Britain. Cameron, currently on a trade mission to Japan and south east Asia, hailed the move as a “vote of confidence” in the skills [...]