Swiss prices increase in February April 13, 2011 Switzerland’s producer and import price index grew 0.4 per cent year-on-year in March after a 0.5 per cent increase in February, the Federal Statistical Office said yesterday. Producer prices were down 0.1 per cent against the previous year, while import prices were up 1.6 per cent on an annualised basis.
French inflation climbs upwards April 13, 2011 Inflation in France climbed to a 32-month high of 2.2 per cent in March, according to the harmonised index of consumer prices (HICP). The HICP was up 0.9 per cent from February due to strong price increases in clothing (eight per cent), energy (2.4 per cent) and food (0.9 per cent), the national statistics institute [...]
Divergence in UK housing market April 13, 2011 The UK housing market is increasingly “two tier”, with affluent markets on the rise and cheap areas continuing to slump. The most expensive 20 per cent of areas saw house prices increase by 3.4 per cent over the year, whilst the cheapest fifth declined by 5.1 per cent, according to a survey by Chesterton Humberts [...]
Economists eye Chinese inflation April 13, 2011 Authorities in China are failing to control inflationary pressures which pose a serious risk to its future growth, economists from?Legal & General said yesterday.
Rio Tinto iron output hit by cyclones in Oz April 13, 2011 GLOBAL miner Rio Tinto yesterday forecast iron ore production to roughly meet market expectations for the full-year, despite rain and cyclones denting output of its most valuable commodity in the first-quarter. The world’s second-largest producer of the steel-making raw material reported a three per cent fall in production for the March quarter, after cyclones battered [...]
Output tumbles at Fresnillo April 13, 2011 FRESNILLO, the world’s largest primary silver producer, said yesterday that silver output declined in the first-quarter due to lower ore grades. The Mexican precious metals miner said silver production fell 2.2 per cent to 10.1m ounces, including output from the Silverstream agreement. The FTSE 100 miner said it was taking measures to increase the volume [...]
Fujitsu to roll out fibre internet to rural Britain April 13, 2011 Fujitsu has announced plans to deliver next generation internet services to 5m homes in rural Britain. It says it will provide the infrastructure and work with broadband providers including Virgin Media and TalkTalk, which will wholesale its fibre. Fujitsu says the network is a “ground breaking and innovative alternative to BT Openreach.” The open access [...]
Renault could name Pelata’s successor from internal list April 13, 2011 THE chief executive of French carmaker Renault has said that the company has several possible internal candidates to replace chief operating officer Patrick Pelata, who resigned this week over an industrial espionage fiasco. Renault, 15-per cent owned by the French state, fired three executives in January, saying its high-profile electric vehicle project had been targeted [...]
FIRST MG IN SIX YEARS ROLLED OUT AT LONGBRIDGE April 13, 2011 THE brand new MG6 rolls off the production line at the Longbridge factory in Warwick. The MG6 is the first car to be manufactured on a large scale at the plant since 2005, when the demise of Rover led to 6,000 job losses. MG is now owned by Chinese carmaker Shanghai Automotive Industry. The new [...]
Tullow Oil output rises in Ghana April 13, 2011 UK-based Tullow Oil expects crude oil production from its operations in Ghana to reach 80,000 barrels per day by next week and 120,000 barrels per day by August, the operator of the company revealed yesterday. It said the production levels were an “important milestone”. Tullow operates Ghana’s offshore Jubilee oil field, which began producing oil [...]
