Investment & Business News Headlines

Is property crash nearing end?

It’s a shame it isn’t tomorrow, then when you read the article below you would be left uncertain as to whether it was an April Fool’s Day joke.

But it is no joke. The last few days have seen the strongest evidence to date that the great property crash of 2008/09 may be drawing to an end.

That is not to say house prices won’t continue to fall. But the latest set of data from several different sources does seem to imply the end is in sight.

As ever with the property market,...Read More

G20 build up: G20 cynicism

A consensus seems to be building on what the G20 will achieve. The consensus seems to be that it will achieve nothing. But it goes further. A growing chorus of voices is saying that if it does achieve nothing, it will be a good thing too. Politicians only ever make things worse.

Meanwhile,...Read More

Posted Mar 31, 2009

Europe’s decline accelerates

The last 24 hours have seen four major stories develop on the declining fortunes of Europe. Turkey is the latest economy to hit the buffers, and the news out this morning really is disturbing.

Meanwhile, things seem to be going from bad to worse in Ireland, unemployment is mounting in Germany,...Read More

Posted Mar 31, 2009

Obama slams US car industry

Well, no one can argue Rick Wagoner hasn’t gone down in style. He had ruled the roost at GM for years. He was appointed chief finance officer in 1991. In 2000 he became chief executive, in 2003 he combined the role of chief exec with chairman. And in that time...Read More

Posted Mar 31, 2009

Europe’s decline accelerates

The last 24 hours have seen four major stories develop on the declining fortunes of Europe. Turkey is the latest economy to hit the buffers, and the news out this morning really is disturbing.

Meanwhile, things seem to be going from bad to worse in Ireland, unemployment is mounting in Germany,...Read More

Posted Mar 31, 2009

Hell jibe misunderstood

Apparently, it was all a misunderstanding. You may recall, last week Mirek Topolánek, the man who finds himself in the rather odd position of no longer being Prime Minister in his own country, the Czech Republic, and yet is EU President, said that Barack Obama’s wishes for a global fiscal...Read More

Posted Mar 30, 2009

Savings rise at last

It is difficult to work out whether this is good or bad news. The UK’s savings ratio rose from just 1.7 to 4.8 per cent in the final quarter of last year, according to the latest official data out last Friday.

Meanwhile, in the US, the savings ratio fell slightly in...Read More

Posted Mar 30, 2009

Is the world coming together, after all?

Is there a possibility all the disagreements and blaming going on recently between world leaders were little more than jostling? So Germany blames Anglo-Saxons, China blames the West, the US blames China, Brown and Obama want to see the world’s main economies spend, other leaders say no.

It seemed inevitable that...Read More

Posted Mar 27, 2009

High Street limps forward

The High Street is set to enter a crucial phase. Wednesday just gone was that day when the quarterly rent on High Streets across the land was due. You don’t need to be especially smart to know that some retailers will struggle to pay. Expect trouble ahead as we discover...Read More

Posted Mar 27, 2009

Is Japan fighting back?

And finally, that cliff edge that Japanese trade fell off a few months ago appears to be steeper than ever.

February saw yet another record drop in Japan’s exports and imports. Exports in the month were just half the level seen a year earlier, or to be more precise crashed 49.4...Read More

Posted Mar 26, 2009

Markets in tizzy as US seems to back China's currency plan

Currency markets threw a wobbly yesterday.

You may have been reading the account here of a proposal from the Governor of China’s central bank to look at a new system of international exchange that does not rely upon the dollar.

Yesterday, US Treasury Secretary Tim Geithner shocked markets when he appeared to back...Read More

Posted Mar 26, 2009

Obama slams US car industry

Well, no one can argue Rick Wagoner hasn’t gone down in style. He had ruled the roost at GM for years. He was appointed chief finance officer in 1991. In 2000 he became chief executive, in 2003 he combined the role of chief exec with chairman. And in that time...Read More

Posted Mar 31, 2009

G20 build up: G20 cynicism

A consensus seems to be building on what the G20 will achieve. The consensus seems to be that it will achieve nothing. But it goes further. A growing chorus of voices is saying that if it does achieve nothing, it will be a good thing too. Politicians only ever make things worse.

Meanwhile,...Read More

Posted Mar 31, 2009

Is property crash nearing end?

It’s a shame it isn’t tomorrow, then when you read the article below you would be left uncertain as to whether it was an April Fool’s Day joke.

But it is no joke. The last few days have seen the strongest evidence to date that the great property crash of 2008/09...Read More

Posted Mar 31, 2009

Tesco, Barclays and Nationwide triumph from adversity

It is often said that the two characters which make up the Chinese word for crisis, mean, if read individually, danger and opportunity. And that is quite apt, because, as has been argued here often enough, there are plenty of opportunities out there during these crisis times we find ourselves...Read More

Posted Mar 30, 2009

Spanish banks fall to credit tsunami

If only British banks had done things the Spanish way. In Spain, as you know, banks which provided loans worth a high percentage of the property they were secured against, or banks which relied on wholesale markets, had to ensure capital ratios were much higher.

That is why, despite the terrible...Read More

Posted Mar 30, 2009

Tesco, Barclays and Nationwide triumph from adversity

It is often said that the two characters which make up the Chinese word for crisis, mean, if read individually, danger and opportunity. And that is quite apt, because, as has been argued here often enough, there are plenty of opportunities out there during these crisis times we find ourselves...Read More

Posted Mar 30, 2009

White, blue-eyed bankers are to blame for crisis, says international leader

And so the blame game has reached a new level. Apparently, it wasn’t just bankers who were to blame for the crisis of our times, it was blue-eyed, white bankers. At least that’s what President Lula da Silva of Brazil said yesterday, during a meeting with our own beloved Prime...Read More

Posted Mar 27, 2009

"Bank bosses should be jailed. This is just the beginning" say vandals

“Fred Goodwin’s house in Edinburgh was attacked this morning. We are angry that rich people, like him, are paying themselves a huge amount of money and living in luxury, while ordinary people are made unemployed, destitute and homeless. Bank bosses should be jailed. This is just the beginning.”

And those were...Read More

Posted Mar 26, 2009

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