Investment & Business News Headlines

The great power shift

Be in no doubt, when the dust settles and the crisis of these times recedes into the history books, the world will look different.

And one of the main differences will be the position of the US. Post credit crunch it will quite simply have less power and influence than pre credit crunch.

It won’t necessarily be a bad thing, it could even be a change for the best, but the fallout from a seismic change like this will always be unpredictable.

Yesterday saw another of those key moments in the course of this great...Read More

Wage cuts: the next big threat

BT wants its staff to take a long, long break, on cut-down wages. Great if you are single with few commitments and fancy a few months in Thailand; not so good if you’re married, mortgaged up to the hilt, have kids, or suffer from negative equity.


BA wants its staff...Read More

Posted Jul 10, 2009

Bank of E opens can of worms, as it puts printing money on hold

The Bank of England Monetary Policy Committee sat and cogitated yesterday, and did nothing.

In the process, they opened a can of worms. The pound shot up on the news, so did yields on UK government bonds, creating doubts over the government’s ability to raise money in the future.

And as ever,...Read More

Posted Jul 10, 2009

Wage cuts: the next big threat

BT wants its staff to take a long, long break, on cut-down wages. Great if you are single with few commitments and fancy a few months in Thailand; not so good if you’re married, mortgaged up to the hilt, have kids, or suffer from negative equity.


BA wants its staff...Read More

Posted Jul 10, 2009

Bank of E opens can of worms, as it puts printing money on hold

The Bank of England Monetary Policy Committee sat and cogitated yesterday, and did nothing.

In the process, they opened a can of worms. The pound shot up on the news, so did yields on UK government bonds, creating doubts over the government’s ability to raise money in the future.

And as ever,...Read More

Posted Jul 10, 2009

Food inflation hits 14-month low

Food inflation is down again, says a report out yesterday from the British Retail Consortium (BRC). As for non-food inflation on the High Street, the annual rate has been negative now for seven months in a row.

Overall annual shop price inflation was 0.7 per cent in June compared with 1.3 per...Read More

Posted Jul 09, 2009

House prices: the recovery, the truth

The latest round is complete. Yesterday, the Halifax released its latest monthly housing market survey, following recent releases from Hometrack and the Nationwide.

As ever with these things the picture is mixed, but the trend seems to be clear.

Perhaps a more interesting story came in The Times earlier this week, with the...Read More

Posted Jul 09, 2009

Google prepares to do battle on Microsoft’s front lawn

One of the advantages of being the richest man in the world is that people tend to laugh at your jokes.

Once asked about the threat to his business posed by Google, Bill Gates said: “I hear they’re coming out with a robot that will cook hamburgers, too. Let’s spread that rumour – there’s...Read More

Posted Jul 08, 2009

US loan delinquencies hit all-time high – as credit crunch II gets under way

As you probably recall, the bad news began in the US. Subprime kicked off the credit crunch. There is some debate over whether the credit crunch and subprime debacle was a cause of the crisis, or a symptom of a deeper problem. But let’s forget about that debate for now,...Read More

Posted Jul 08, 2009

The recession is over, just like the pigs flying over us

So it’s all over? Last week we learnt that house prices were up again, according to the Nationwide. This morning the bullishness from Nationwide went a step further, and its consumer confidence index hit a five-year high, at least by one interpretation. Read that...Read More

Posted Jul 08, 2009

Vikings rush to aid of Anglo-Saxons

Cast your mind back to the G20 meeting in London earlier this year, when Nicholas Sarkozy’s dummy was hurled as far from his pram as it would go.

You may recall that he threatened to walk out of the meeting unless there was an agreement to hit the activities of the hedge...Read More

Posted Jul 03, 2009

Is that a new Chinese bubble, or just good old-fashioned global realignment?

You see what happens when the state owns the banks. Really owns the banks, that is.

In the UK we fret, how is it that banks get all this money from us, the taxpayers, and yet will not lend?

It’s not like that in China. The figures really are staggering.

Lending in the...Read More

Posted Jul 10, 2009

Is that a new Chinese bubble, or just good old-fashioned global realignment?

You see what happens when the state owns the banks. Really owns the banks, that is.

In the UK we fret, how is it that banks get all this money from us, the taxpayers, and yet will not lend?

It’s not like that in China. The figures really are staggering.

Lending in the...Read More

Posted Jul 10, 2009

The great power shift

Be in no doubt, when the dust settles and the crisis of these times recedes into the history books, the world will look different.

And one of the main differences will be the position of the US. Post credit crunch it will quite simply have less power and influence than pre credit crunch.

It...Read More

Posted Jul 10, 2009

125% mortgages return – madness or common sense?

It emerged this morning that the Nationwide Building Society is offering 125 per cent mortgages to some of its customers.

The move is at odds with the preferences expressed by Gordon Brown who wants to see mortgages capped at less than 100 per cent of a property’s value.

No doubt there will...Read More

Posted Jul 09, 2009

2010 will be better than we thought, much better: unless you are Germany

The IMF released its latest forecasts for the global economy yesterday. There was bad news, good news and more bad news.

There’s bad news for 2009. Good news for most of the world, including the UK, for 2010, but it’s bad if you are Germany.

Meanwhile, Capital Economics has got good...Read More

Posted Jul 09, 2009

125% mortgages return – madness or common sense?

It emerged this morning that the Nationwide Building Society is offering 125 per cent mortgages to some of its customers.

The move is at odds with the preferences expressed by Gordon Brown who wants to see mortgages capped at less than 100 per cent of a property’s value.

No doubt there will...Read More

Posted Jul 09, 2009

Is Russia set to face a Japanese-style lost decade?

Cast your mind back to the days of the boom, and recall Russia. Back then it was flexing its muscles, turning off gas pipes and kicking out British executives from Russian BP joint ventures. It was as if Vladimir Putin, by showing off his muscles, as is his wont, was...Read More

Posted Jul 08, 2009

Russian woe, but China smiles – a little

Just remember, there’s always someone that’s worse off. And in the case of the global economy, that someone is Russia. The latest news from the country of the Bear is simply awful.

Meanwhile, the news out of China is more promising. But there’s a snag.

In Russia GDP fell by a...Read More

Posted Jul 02, 2009

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