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Interest rates cut: Gordon Brown provided with shortterm cheer and longterm worries (Daily Telegraph)
The Bank of England's decision to cut UK interest rates to 2 per cent the lowest since 1951 will provide Prime Minister Gordon Brown with shortterm cheer and longterm worries.
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Read the next article (TrustNet)
Fitch Ratings has predicted that the major western economies, including the US, Japan, Europe and the UK will decline by 0.8 per cent in 2009 – the steepest decline in any year since the Second World War.
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EICTA turns its nose up at WEEE proposals (The Inquirer)
Emma Hughes the Inquirer , Thursday 4 December 2008. 14:00:00 Unrealistic and unreachable EICTA HAS VOICED concerns that the proposed revisions to the Waste Electrical and Electronic Equipment (WEEE) Directive ‘encourages’ producers to be made financially responsible for household collection and has set unreachable targets. Mark MacGann, Director General of EICTA, the industry body ...
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Finance, Redistribution, Globalisation (Resource Investor)
Globalisation seemingly erodes governments’ ability to redistribute wealth. This article presents new evidence of the tradeoff between integration and redistribution, showing that financial development has filled in where government has receded. The current crisis may pose political challenges to both financial development and economic integration.
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(AFX UK Focus) 2008-12-03 13:32 UPDATE 1-Irish jobless claims rise to 12-year high (Interactive Investor)
By Jonathan Saul
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Swiss franc climbs to 17-day high against British pound (Nasdaq)
(RTTNews) - During early deals on Thursday, the Swiss franc climbed to a 17-day high against the British pound. The franc also showed strength against the European currency, while edged down against the currencies of US and Japan.
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Central Bankers Open the Floodgates to Fight Deflation (GoldSeek.com)
In the early 1980’s, the Federal Reserve’s headlines figures for the M1, M2, and M3 money supply aggregates flashed at the top of trader’s radar screens, and jolted US T-bill rates by 50-basis points or bond yields by 30-points within minutes.
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(AFX UK Focus) 2008-12-01 14:52 Glance-STOCKS NEWS EUROPE-Moss Bros falls on profit warning (Interactive Investor)
STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News
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NZFC Reports Increased Investment (Scoop.co.nz)
Investment totaling more than $20.7million to support twelve New Zealand feature films is reported by the New Zealand Film Commission in its annual report which was published today. It had also committed finance for the completion of seven digital features and the production of nine short films.
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HANOVER - Says No to Statutory Management (Scoop.co.nz)
The Manawhatu evening Standard Website has an article that states Hanover has dismissed demands by an investor interest group to put the failed finance company under statutory management. The group is of course EUFA.
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