‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Twitter to warn privacy users May 25, 2011 Twitter will seek to notify its users so they can defend themselves before it hands over user information to the authorities, a senior manager said yesterday when asked about the ongoing privacy dispute. Lawyers for Ryan Giggs, have asked Twitter for details of the users who published his name in tweets despite an injunction being [...]
ONS confirms 0.5pc growth May 25, 2011 THE UK economy grew by half a per cent in the first quarter of the year, according to official data released yesterday. The second estimate of 2011’s GDP growth matched the Office for National Statistics’ (ONS) preliminary calculations, yet a prominent group of economists continue to cast doubt on the figures. “We still think that [...]
Banks’ mortgage lending falls May 25, 2011 MORTGAGE approvals dropped by six per cent in April, according to figures from Britain’s leading high street banks. Approvals fell to 29,355, down from 31,205 in March, while gross mortgage lending was five per cent lower than the same time last year, the British Banking Association (BBA) said. The average price of houses purchased with [...]
Japan’s exports plummet after its natural disasters May 25, 2011 JAPAN’S exports fell 12.5 per cent in April from a year earlier, pushing the country into its first trade deficit in three months, after the earthquake in March disrupted supply chains and hurt output. The country’s trade balance fell into a deficit of 463.7bn yen (£3.5bn). Imports rose 8.9 per cent in the year to [...]
Business sector remains on track yet consumer services face tight squeeze May 25, 2011 THE UK service sector is set for a two-speed recovery, with business services bouncing back but customer services still being squeezed. Business and professional services have reported rising activity for the last six months, according to a Confederation of British Industry (CBI) survey released today. Customer services, however, have been hit by five consecutive quarters [...]
German morale slides as sovereign debt fears weigh May 25, 2011 GERMAN consumer confidence slipped for the third consecutive month in May, it emerged yesterday. The highly-regarded GfK indicator fell to 5.5 from 5.7 in April. Sentiment has been hit by the ongoing sovereign debt crisis in Greece, as well as high energy prices. “This shows that commodity-driven inflation is probably the main threat for the [...]
SENTANCE’S FINAL CALL AS A BANK OFFICIAL May 25, 2011 ANDREW Sentance made his final hawkish call as a member of the Bank of England yesterday, urging it to rescue its credibility by normalising interest rates. Globalisation is increasingly causing global price pressures, which national authorities will have to respond to, he said. Sentance expects “a prolonged period of upward pressure on energy and commodity [...]
Durable orders tumble in the US May 25, 2011 New orders for long-lasting US factory goods fell more than expected in April to record their largest decline in six months, as aircraft and motor vehicle orders tumbled, a government report showed yesterday. Durable goods orders dropped 3.6 per cent after an upwardly revised 4.4 per cent rise in March.
US mortgage applications rise… May 25, 2011 Mortgage applications in America rose by 1.1 per cent in the week ending 20 May, in another positive sign for ailing US housing market. On Tuesday new home sales were reported at increasing by 7.3 per cent in April.
…yet American house prices fall May 25, 2011 Prices of US homes plummeted in the first quarter of the year, the Federal Housing Finance Agency said yesterday. Prices were down 2.5 per cent compared to the final three months of 2010, and 5.5 per cent lower than the same time last year. Yet the fall in March (0.3 per cent) was less severe [...]
