Joblessness up in Eurozone October 31, 2011 UNEMPLOYMENT has spiked across the troubled Eurozone, while rising inflation is adding to the single currency area’s woes, official data showed yesterday. And yet another turbulent day in Italy suggested that the debt crisis has not yet been cured by the agreements announced by European leaders last week. “Looking ahead, the real test for the [...]
Borrowing on plastic may have driven spend spree October 31, 2011 CREDIT card balances and other forms of unsecured lending climbed to a seven-month high in September, according to Bank of England data released yesterday. Unsecured lending rose by a bigger-than-expected £600m in the month — its highest since February. Credit card lending accounted for one third of the increase in unsecured lending, which coincided with [...]
Analysts remain sceptical after Japan tries yet again to weigh down the yen October 31, 2011 JAPAN sold the yen for the second time in less than three months yesterday, after it hit another record high against the dollar. Japanese authorities said it intervened to counter excessive speculation that was hurting the world’s number three economy. Yet analysts remained sceptical of the effectiveness of the move, with some suggesting that it [...]
Pay gap keeps women’s pension pots below men’s October 31, 2011 WOMEN are increasingly saving towards their retirements, data revealed today – yet the pay gap between the sexes means that men continue to enjoy larger pension pots. Half of all surveyed women are saving “adequately” towards their pension pots, Scottish Widows said – a seven year high, and up from 43 per cent last year. [...]
WILL HOUSE PRICES RECOVER? October 31, 2011 SIMON OGILVIE-HARRIS | CHAVIN JEWELLERY “House prices are going down. The economy is bad and there is less credit in the system. If there is less credit then less people will buy, and they are being more frugal and cautious in investing anyway at the minute.” NIA TRINH | EUROPEAN LOAN TRADING “Prices are either [...]
American midwest trade slows October 31, 2011 The pace of business activity in the American midwest region slowed modestly in October as new orders eased, though the employment gauge rose to its highest level in six months, a report showed yesterday. The Institute for Supply Management-Chicago business barometer slipped to 58.4 from 60.4 the month before. but the employment component of the [...]
VAT cut helped UK’s poorest October 31, 2011 The temporary cut in VAT in December 2008 benefited the poorest UK households more than the richest, according to the Office for National Statistics (ONS). The proportion of the poorest fifth of households’ income taken by VAT plummeted from 12.1 per cent in 2007-08 to just 9.8 per cent in 2009-10 – its lowest rate since 1991. The [...]
Irish tax draws foreign firms October 31, 2011 Despite its economic problems, Ireland’s relatively low corporation tax rate has maintained its appeal as a destination for foreign direct investment, a survey reveals today. Sixty-two per cent of polled US business leaders endorsed Ireland’s corporate tax rate as a key positive factor, compared to an average 30 per cent ranking for Western Europe.
Survey says birth month matters October 31, 2011 Children born at the end of the academic year are at a disadvantage right the way through to adulthood, according to a study from the Institute for Fiscal Studies. The Nuffield Foundation-funded study found August-born children are 20 per cent less likely than those born in September to attend a top university.
CITY MOVES | WHO’S SWITCHING JOBS October 31, 2011 Fat Prophets The independent research and fund management specialist has promoted David Thang from senior technical analyst to senior trading strategist. Thang joined Fat Prophets in 2009 as senior technical analyst in Australia. He started his career in Melbourne at Goldman Sachs JBWere in the institutional equities and money market proprietary traders division, before moving [...]
