All aboard the oil price merry-go-round January 11, 2012 SO EDF has taken the first step among the Big Six, and not only sparked rumours of a price war but also sent its competitors’ shares crashing in the meantime. The five per cent drop in gas prices only goes some way to recouping the 15.4 per increase it implemented back in November, but talk [...]
All aboard the oil price merry-go-round January 11, 2012 SO EDF has taken the first step among the Big Six, and not only sparked rumours of a price war but also sent its competitors’ shares crashing in the meantime. The five per cent drop in gas prices only goes some way to recouping the 15.4 per increase it implemented back in November, but talk [...]
PM WAGES WAR OVER TOBIN TAX January 26, 2012 DAVID Cameron mounted a fresh offensive against proposals for a Tobin tax yesterday, adding to growing concerns in some sections of Brussels that the UK will eventually hold a vote on leaving the EU. The Prime Minister told a hall of delegates at Davos that the tax policy was “simply madness” at a time when [...]
DOLLAR-YEN PAIR BENEFITS FROM US RECOVERY THEME AS OIL CASTS ITS SHADOW February 27, 2012 DESPITE the generally positive tone of recent global economic data, analysts remain concerned about the prospect of sustained growth in 2012. At the moment, their chief source of worry is the surging price of oil. In the US, West Texas Intermediate has risen to nearly $110 a barrel, while in Europe the price of Brent [...]
US sells $3.5bn of arms to the United Arab Emirates January 2, 2012 THE UNITED States has agreed the $3.5bn (£2.26bn) sale of an advanced anti-missile interception system to the United Arab Emirates, part of an accelerating military build-up of its friends and allies near Iran. The deal, signed on 25 December and announced later by the US Defense Department, “is an important step in improving the region’s [...]
US sells $3.5bn of arms to the United Arab Emirates January 2, 2012 THE UNITED States has agreed the $3.5bn (£2.26bn) sale of an advanced anti-missile interception system to the United Arab Emirates, part of an accelerating military build-up of its friends and allies near Iran. The deal, signed on 25 December and announced later by the US Defense Department, “is an important step in improving the region’s [...]
US agrees a funding deal for next year December 12, 2011 US LAWMAKERS agreed late last night to fund the government through next year, potentially avoiding a shutdown that would have further eroded Congres’ tattered reputation ahead of the 2012 election. A group of Republican and Democratic politicians in charge of government spending agreed on how to fund crucial government functions until the current fiscal year [...]
US jobless rate falls January 6, 2012 US employment grew solidly last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet of an acceleration in economic activity. Nonfarm payrolls increased 200,000 last month, the Labor Department said on Friday, the most in three months and way above economists’ expectations for a 150,000 [...]
THE TIPSTER January 9, 2012 THE retail festive sales reports are in full swing but today sees not just an ordinary update – this is a Marks and Spencer update. Expectations are for good food sales and based on a strong performance from fellow high street staple Next last week, the clothing side is expected to be none too shabby [...]
FTSE slips as Eurozone downgrades sap confidence January 16, 2012 The FTSE 100 edged down in early trading as the Eurozone crisis sapped confidence with France losing its Triple A rating and Greece teetering on the brink of a disastrous default. Markets are now worried the Eurozone’s bailout fund, EFSF, might lose its Triple A rating after France, the fund’s second-largest guarantor, was stripped of [...]