Investment & Business News Headlines

Are Martians in control of some central banks

This time, the European Central Bank sits at the centre of a storm. It is a little odd. The Bank of International Settlements, which is the closest we have to a world central bank, the IMF and the OECD have turned into arch hawks. They have thrown out 80 years of economic theory, and turned their attentions to the financial crisis with pretty much the same tools policy makers used to approach the crisis of the 1930s.

They say we are not good at learning the lesson of history....Read More

Obama wears flares to latest G20 fashion parade, but he may be ahead of his time

David Cameron reckons these G20 jaunts are a waste of time. Judging by the latest attempt to present unity when actually there is profound disagreement, you can understand our PM’s reservations.

The reason why this column is a fan of the G20 meetings has little to do with economics. Churchill, a...Read More

Posted Jun 28, 2010

Are Martians in control of some central banks

This time, the European Central Bank sits at the centre of a storm. It is a little odd. The Bank of International Settlements, which is the closest we have to a world central bank, the IMF and the OECD have turned into arch hawks. They have thrown out...Read More

Posted Jun 30, 2010

Obama wears flares to latest G20 fashion parade, but he may be ahead of his time

David Cameron reckons these G20 jaunts are a waste of time. Judging by the latest attempt to present unity when actually there is profound disagreement, you can understand our PM’s reservations.

The reason why this column is a fan of the G20 meetings has little to do with economics. Churchill, a...Read More

Posted Jun 28, 2010

Chermany and Chreece

You may know, but the FT’s Martin Wolf has come up with a phrase to describe the world’s big export block, he calls it Chermany. China and Germany are similar in the sense that both have high savings, and both export more than they import.

It could be argued of...Read More

Posted Jun 25, 2010

Work till you drop, or work until you want to stop

There are always two ways of looking at things. Some might say: “It’s a scandal, now we have got to work until we drop.” Others might greet the news with glee, and thank their good luck that they won’t be put out to grass at 65. To an extent your...Read More

Posted Jun 25, 2010

Osborne puts all his money on black

It was a bold Budget, all right. It was hailed as the most significant Budget in years, which is odd because they said much the same of Alistair Darling’s Budget of just a few months ago. You could say there are two key points that stand out. Firstly, George Osborne...Read More

Posted Jun 23, 2010

Union unrest, good or bad?

We are told that for China strikes and unions flexing thier muscles is a good thing because low wages are a part of China’s problem. But in the West, workers just have to remove their heads from the sand.

The CBI has joined the debate. This morning it is releasing...Read More

Posted Jun 20, 2010

China prepares to appreciate currency

This is the move economists and politicians have been waiting for. China doesn’t like it when the West blames it for all its ills. You can see its point. We spend money we don’t have, and then complain when China doesn’t spend like there’s no tomorrow.

For decades the nice men...Read More

Posted Jun 20, 2010

The Great Wall that is China’s currency begins to crumble

It all boils down to the same thing. The French are preparing to outdo everyone and launch massive cuts in government spending.
Meanwhile, at Number 11 Downing Street, George Osborne has been burning the midnight oil. You can imagine the ideas clashing in his head: “Should I increase VAT...Read More

Posted Jun 21, 2010

Deflation descends on the US

During the noughties we saw two conflicting forces. Globalisation led to rises in commodity prices, and in asset prices such as property. But for manufactured goods, especially high tech products, inflation was either modest, or even negative.

The latest data from the US had the headline consumer price index falling by...Read More

Posted Jun 18, 2010

Osborne wants to hit welfare, but business angels are left without a halo

George Osborne has let his ideas for solving the fiscal deficit slip while at the G20 summit.

Mr Osborne wants to hit welfare, at least that is what he is saying . At the G20 in Canada, he told the press: “Some of these benefits individually are very much larger than...Read More

Posted Jun 28, 2010

Osborne wants to hit welfare, but business angels are left without a halo

George Osborne has let his ideas for solving the fiscal deficit slip while at the G20 summit.

Mr Osborne wants to hit welfare, at least that is what he is saying . At the G20 in Canada, he told the press: “Some of these benefits individually are very much larger than...Read More

Posted Jun 28, 2010

Chermany and Chreece

You may know, but the FT’s Martin Wolf has come up with a phrase to describe the world’s big export block, he calls it Chermany. China and Germany are similar in the sense that both have high savings, and both export more than they import.

It could be argued of...Read More

Posted Jun 25, 2010

Work till you drop, or work until you want to stop

There are always two ways of looking at things. Some might say: “It’s a scandal, now we have got to work until we drop.” Others might greet the news with glee, and thank their good luck that they won’t be put out to grass at 65. To an extent your...Read More

Posted Jun 25, 2010

The three musketeers have riposte for German queen

And while all around there was Armageddon, Mr and Mrs UK Press had a picnic.

Okay, that’s a little harsh and maybe a touch over the top. But the truth is, this week’s budget should have been no more than a sideshow while some serious stuff was taking off in other...Read More

Posted Jun 24, 2010

When it comes to the economy, gold does not glisten

It’s happening.

Where are the surplus countries to cut their wealth? Forget the euro, and sterling. The dollar may be enjoying its last hurrah. China absolutely does not want the yuan to fill that role. That leaves a certain yellow metal.

According to the FT, Saudi Arabia’s reserves of gold are twice...Read More

Posted Jun 20, 2010

Osborne makes finishing touches as France looks for light touch

What should he do?

We won’t bore you with too much speculation on the budget. After all, we will know for sure later tomorrow. But it is worth taking a brief look at the chancellor’s VAT dilemma.

Of course, before the election neither the Tories nor the Lib Dems had any...Read More

Posted Jun 20, 2010

Do we really face an impending food crisis?

According to the annual joint report from the OECD and the UN Food and Agriculture Organisation, the cost of food is set to soar over the next decade.

Okay, soar is a bit extreme. The report says that wheat and coarse grain prices will rise by between 15 and 40...Read More

Posted Jun 18, 2010

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