The British pound was weaker Tuesday after Bank of England Governor Mervyn King said that the Bank could soon cut the rate paid for the Bank of hold reserves. Banks are now paid 0.5 percent on deposits of their reserves …
CNE, BG up as energy sector sees gains
European equities markets were higher Wednesday as the energy sector saw gains following a significant gain in oil prices on Tuesday and banks also were mostly higher. The FTSE 100 added 1.15 percent to 5,004.3 in London, while the FTSE …
BARC up as other London banks see declines
Equities markets in Europe were lower Thursday as most miners showed declines and banks were mixed at best. The FTSE 100 was 0.43 percent lower to 4,869.35 in London, while the FTSE 250 dropped 0.93 percent to 8,701.33. Barclays Bank …
Amec adds 4.42 percent in London
European equities markets were higher Tuesday after Monday’s declines. London markets were up after reports that inflation held at 1.8 percent in July, although analysts still expect inflation to drop more this year. The FTSE 100 was 0.88 percent higher …
UK expectations for inflation at a four year low
A Bank of England survey revealed today that consumers’ expectation of inflation have fallen to their lowest levels since May 2009 as consumers expect inflation is expected to fall to just over 2 percent over the next 12 months. In …
The pound continues to fall as the BoE buys gilts
Quantitative easing as a new policy took its first steps yesterday as many investors looked to sell government bonds to the Bank of England. In an unprecedented response the Bank of England had planned to spend £2bn of newly printed …
Number of billionaires falls by a third as the rich list is hit by downturn
Over the last twelve months the number of billionaires has fallen by a third as the number of people across the world who are worth over £1billion fallen from 1,125 last year to 793 as the average billionaire had their …
UK unemployment to reach 3.2 million
A BBC reports sheds light of the unemployment trends and figures in the near future as official unemployment figures stand a 2 million but as the government has mounting debts spending cuts and tax hikes will be inevitable and as …
Pakistan credit rating is cut
Moodys Investors Service has cut Pakistans credit rating for the first time in nine years amid growing fear that the current spate of economic imbalances and political tension caused falling stocks. Moodys cut the government bond ratings to B2 from …
Bond yields higher after Bernanke comment
Yields were higher on US Treasury bonds Tuesday on rising equities and after a speech by Federal Reserve chairman Ben Bernanke didn’t mention interest rates or the US economy at all. Investors had hoped that Mr. Bernanke would make some …