What the other papers say this morning – 08 May 2014 May 7, 2014 FINANCIAL TIMES Former chancellors slam Help to Buy Three former chancellors of the exchequer have urged George Osborne to rethink his Help to Buy programme, with the OECD also calling on the government to scale back the mortgage support scheme. Lord Lawson, Lord Lamont and Alistair Darling – all predecessors of Osborne at the Treasury [...]
What the other papers say this morning – 09 April 2014 April 8, 2014 FINANCIAL TIMES Heartbleed bug threatens web A flaw has been discovered in a encryption method used on about two-thirds of all websites, including Google, Amazon, Yahoo and Dropbox, potentially exposing web traffic, user data and stored content to cyber criminals. The heartbleed bug was found in the OpenSSL software by a team of security engineers [...]
New York Report: Technology and biotech stocks drag on market March 24, 2014 US STOCKS fell yesterday, with some of the market’s recent best performers like technology and biotech shares leading the way down. Concerns that the crisis in Ukraine could escalate gave investors a reason to drop some of the market’s biggest trading favourites. The Nasdaq fell below its 50-day moving average earlier, in a sign of [...]
What you need to know before the open March 3, 2014 European stock futures have been falling as the tensions in Ukraine continue to rise. The rouble is currently at an all-time low, and Russia’s central bank has announced it’s hiking its benchmark interest rate from 5.5 per cent to seven per cent. All European markets are expected to fall sharply at the open, after Ukraine [...]
New York Report: Bullish market backed by US jobs rebound March 10, 2014 STRONGER-than-expected payrolls figures on Friday did more than ease concerns about US economic fundamentals – they also seemed to justify Wall Street’s record levels, suggesting the market’s uptrend could continue. February’s jobs report followed two straight months of payrolls reports that were sharply below expectations, and the rebound reinforced the theory that weakness in December [...]
New York Report: S&P climbs to another fresh all-time high March 4, 2014 US STOCKS rallied yesterday, with the S&P 500 closing at a record as concerns about a confrontation between Russia and Ukraine eased, and the market recovered more than all of the previous session’s hefty losses. President Vladimir Putin delivered a robust defence of Russia’s actions in Crimea, saying he would use force in Ukraine only [...]
The sanction spiral: Russia and Europe may fall into recession July 21, 2014 A trade “tit-for-tat” would hit both sides extremely hard EVEN before the tragic Malaysia Airlines plane crash in Ukraine last Thursday (allegedly the work of Moscow-backed separatists), Russia was already reeling from the US’s tightening of the screws. The country’s Micex stock index tumbled 2.3 per cent to 1,440.63 last week after news that financial [...]
London Report: Ukraine unrest drags on FTSE as volatility climbs March 3, 2014 BRITAIN’S top share index fell to a two-week low yesterday, led down by asset management firms as stocks most exposed to emerging markets fell on increasing tensions in Ukraine. The possibility of war between Russia and Ukraine hit stocks that are particularly sensitive to optimism over global markets, such as fund managers Schroders and Aberdeen [...]
Letters to the Editor – 19/03 – Baffling economics, Ukraine crisis, Best of Twitter March 18, 2014 Baffling economics [Re: Economics baffles half the population, Monday] So 48 per cent of UK adults say they understand how the economy works. This seems high, given the management of the economy in the run-up to the Great Recession. Surely, the Treasury and the FSA would have done a better job if even 48 per [...]
Putin’s calculations make Ukraine escalation all too likely March 17, 2014 GETTING inside the thinking of Vladimir Putin is a daunting prospect at the best of times; and these aren’t the best of times. Yet doing so shows why a worst-case outcome just a few days ago suddenly seems entirely plausible. After the Crimean referendum, the thoughts ringing around Putin’s head go something like this: “I [...]