Real’s rise cannot be stopped by inflows tax October 27, 2009 SINCE 2007, we have been repeatedly told that the US dollar needs to weaken in order to rectify the global imbalances that were, at least partially, to blame for the economic downturn. But not everybody has welcomed the greenback’s recent decline. European officials have already been making noises about how the strength of the euro [...]
Real’s rise cannot be stopped by inflows tax October 27, 2009 SINCE 2007, we have been repeatedly told that the US dollar needs to weaken in order to rectify the global imbalances that were, at least partially, to blame for the economic downturn. But not everybody has welcomed the greenback’s recent decline. European officials have already been making noises about how the strength of the euro [...]
House asking prices rocket May 17, 2009 THE average asking price of a UK property has leapt by 2.4 per cent this month to £227,441, according to data from property website Rightmove data published today. The rise marks the largest monthly increase in asking prices since 2003 when property prices were on a rising trend, but overall asking prices remain 6.2 per [...]
US housing collapse: lessons for the UK May 26, 2009 IF you thought Britain’s house price collapse has been dramatic, wait until you look at America’s. The latest US house price figures reveal that the once booming city of Phoenix, Arizona, has suffered an astonishing 53 per cent collapse in prices since their peak in June 2006. Prices in Las Vegas are also down by [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 12, 2009 FINANCIAL TIMES JPMORGAN TRIES TO CALM UK FEARSJPMorgan’s top executives have embarked on a charm offensive to allay fears by staff and regulators that the ousting of Bill Winters as co-head of the investment bank will mean a diminished role for its London operations. Jamie Dimon, JPMorgan’s chief executive, made a surprise visit to London [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 12, 2009 FINANCIAL TIMES JPMORGAN TRIES TO CALM UK FEARSJPMorgan’s top executives have embarked on a charm offensive to allay fears by staff and regulators that the ousting of Bill Winters as co-head of the investment bank will mean a diminished role for its London operations. Jamie Dimon, JPMorgan’s chief executive, made a surprise visit to London [...]
Why the special relationship is still important October 4, 2009 AHEAD of this week’s Conservative Party conference, it is perhaps a good time to recollect the wise words of one of the party’s and country’s most celebrated leaders. In response to a crisis far graver than the one we have just experienced, Winston Churchill coined the phrase “special relationship” to describe the close connection between [...]
Now is the time to buy the home of your dreams in affordable Essex October 29, 2009 GOOD schools, an easy commute, beautiful countryside, a rich history and realistic prices. Banish any ideas of brash barrow boys and women in white leather stilettos – Essex has become the discerning commuter’s paradise. This is a good time to buy, too. Gavin Surtees, of Savills’ Loughton office, says: “If anyone is looking to trade [...]
Now is the time to buy the home of your dreams in affordable Essex October 29, 2009 GOOD schools, an easy commute, beautiful countryside, a rich history and realistic prices. Banish any ideas of brash barrow boys and women in white leather stilettos – Essex has become the discerning commuter’s paradise. This is a good time to buy, too. Gavin Surtees, of Savills’ Loughton office, says: “If anyone is looking to trade [...]
Consumer spending drought will persist July 22, 2009 CONSUMERS will continue to rein in spending this year due to a weak economic environment and rising unemployment, according to fund manager Alliance Trust. The firm said that the financial confidence of consumers showed an improvement for a second successive quarter in the last three months, as household budgets improved, but that the economic backdrop [...]