LONDON — Britain and Germany offered a welcome respite from the otherwise gloomy economic outlook around the world on Friday when the two economies reported surprisingly optimistic data.
Britain stunned economists with a 1.1 percent increase in its gross domestic product in the second quarter — almost twice the rate that had been expected, according to [...]
Archive for the ‘UK Finance’ Category
Strong Economic Data Stokes Optimism in Britain and Germany
July 23rd, 2010 by Financial Writer
Tags: business, economic growth, economist, euro zone, european economy, financial, inflation, manufactured goods, money
more...Rising cost of oil ‘a threat to global economic recovery’
April 14th, 2010 by Financial Writer
GLOBAL economic recovery is threatened by “overheated” oil prices which have reached an 18-month high, the International Energy Agency (IEA) has said.
The warning came after crude oil hit $87 a barrel last week – its highest price since October 2008.
That has combined with fuel duty increases and the weak pound to produce record prices at [...]
Tags: banks, economic recovery, economy, financial crisis, Global Economy, money
Ahead of the Bell: Leading economic indicators
January 21st, 2010 by Financial Writer
Analysts expect that a private forecast of U.S. economic activity rose at a slightly slower pace in December, signaling that the slow, bumpy recovery from the recession was likely to continue.
The Conference Board’s index of leading economic indicators likely rose 0.7 percent last month, according to Wall Street economists surveyed by Thomson Reuters. The index, [...]
Tags: economic indicators, economy recovery, real estate sector, recession, stock prices, unemployment, us economic
World markets edge higher ahead of US jobs data
January 8th, 2010 by Financial Writer
World stocks advanced Friday ahead of crucial U.S. unemployment data which some hope will show that the world’s largest economy created jobs in December for the first time in two years.
In Europe, the FTSE 100 index of leading British shares was up 2.61 points, or 0.1 percent, at 5,529.33 while Germany’s DAX rose 23.88 points, [...]
Tags: deepest recession, largest economy, us jobs, us unemployment, world markets, world stocks
European stocks fall on eve of key US jobs data
January 7th, 2010 by Financial Writer
Europe’s leading stock markets dropped on Thursday, the eve of major US jobs figures, and as British investors awaited the Bank of England’s latest decision on interest rates.
London’s benchmark FTSE 100 index fell by 0.29 percent to stand at 5,514.37 points in late morning deals.
Frankfurt’s DAX 30 shed 0.83 percent to 5,984.19 points and in [...]
Tags: british investors, commercial banks, european stocks, leading stock, us jobs, wall street stocks
Hold your nose: garlic is best investment in China
November 27th, 2009 by Financial Writer
The price of garlic in China has nearly quadrupled since March, propelled by its very pungency to rank ahead of gold and stocks as the country’s best-performing asset this year.
The trigger for the bull run may have been the idea that the potent bulb can ward off H1N1 swine flu, Morgan Stanley economists said.
That chimes [...]
Tags: China, china business, garlic, H1N1, swine flu
G20 to seek progress on world growth scheme
November 3rd, 2009 by Financial Writer
Group of 20 financial leaders will seek to firm up a plan to rebalance the world economy when they meet this week, looking to beat out how to set national policy goals and make sure everyone keeps to them, officials said on Monday.
Sources from the group of rich and developing nations said that talks were [...]
Tags: Economic Turmoil, economy, financial leaders, financial markets, g20
Economy Has Not Turned Up
September 16th, 2009 by Financial Writer
The U.S. economy has not begun to climb out of the worst recession since the Great Depression, but the “terror” that followed last year’s near-collapse of the financial system is gone, due in part to government intervention, Warren Buffett told Reuters on Tuesday.
Buffett maintained a positive outlook on the government’s much criticized Troubled Asset Relief [...]
Tags: bank, depression, economy, financial system, recession
Volcker: Banks Should Not Trade
September 14th, 2009 by Financial Writer
Banks should not be allowed to own hedge funds or equity funds and their trading activity should be limited, former Federal Reserve Chairman Paul Volcker said in an interview with Il Sole 24 Ore on Thursday.
“A bank that generates the major part of its income from trading should not be allowed to have a banking [...]
Tags: banking, banks, economic, financial, obama
Case: Commercial Real Estate Next to Fall
September 10th, 2009 by Financial Writer
Wellesley College economics professor Karl Case, co-founder of the S&P/Case-Shiller Home Price Index, says commercial real estate “absolutely” could be the next domino to fall.
“It’s not as big as residential,” he pointed out in an interview with Dan Mangru of Moneynews.
About 30 percent of U.S. loans are secured with residential real estate, compared to 13 [...]
Tags: economics, economy, loans, real estate