Interest rates on personal loans reach a 10-year high May 23, 2011 THE AVERAGE rate of interest on a personal loan has rocketed to a ten-year high, the Moneyfacts website revealed yesterday. A loan of £5,000 costs an average of 12.7 per cent, its research has found. “In a market where household finances are being stretched the risk of customers not repaying the loan increases and this [...]
NOWOTNY: EUROZONE RECOVERY IS ON TRACK May 23, 2011 RECOVERY in the Eurozone is on a “sustainable path,” European Central Bank (ECB) official Ewald Nowotny said yesterday. “One cannot exclude the possibility of a slowdown in recovery, but I think that the risks of an L-shaped or W-shaped development have clearly decreased,” the ECB governing council member said.
Mixed inflation data in Singapore May 23, 2011 Inflation in Singapore slipped to 4.5 per cent last month, official data showed yesterday. Compared to March, prices were flat, the department of statistics said. Yet the core inflation measure tracked by the monetary authority of Singapore rose 0.6 per cent month-on-month and 2.2 per cent from a year ago, faster than in March.
Hong Kong price pressures build May 23, 2011 Price pressures in Hong Kong jumped last month, to an annualised consumer price index reading of 4.6 per cent.
Swiss money supply edges up May 23, 2011 Growth in Switzerland’s M1 monetary supply slowed to 8.1 per cent annualised in April, down from 8.4 per cent the previous month, figures showed yesterday. The M3 money supply, meanwhile, accelerated slightly, from 6.8 per cent growth in March to 6.9 per cent in April. The annual growth in the M2 indicator slowed to 7.5 [...]
Chicago figures hit US outlook May 23, 2011 American stock futures were hit yesterday after an official gauge of economic activity surprisingly dipped. The Chicago Fed national activity index for April fell to a negative reading of 0.45, from a positive reading of 0.32 in March. This was the lowest reading since last August and reversed three straight months of gains. Negative figures [...]
Israel tightens monetary stance May 23, 2011 The Bank of Israel raised its benchmark lending rate by a quarter-point to 3.25 per cent yesterday, in a bid to tackle the inflationary environment.
Peppa pushes profit upward for her owner May 23, 2011 Peppa Pig continues her trot to world domination, helping push creator Entertainment One’s pre-tax profits up 39.2 per cent to £32.3m yesterday. The firm says it is poised to announce a merchandising partner for the cartoon pig in the US, where the series has already smashed into the top ten children’s shows since it began [...]
Alterian announces reshuffle as it slides to a pre-tax loss May 23, 2011 Marketing software provider Alterian has swung to a full-year pre-tax loss, hit by an increase in costs as it seeks to expand the business. The embattled firm also said it plans to restructure its board. Chairman Keith Hamill said he will defer his retirement until the process to recruit a chief executive was over and [...]
European Commission telecoms laws come into force across EU May 23, 2011 NEW laws will come into play across Europe tomorrow aiming at increasing competition in the telecoms sector. The European Commission rules include the right for customers to switch telecoms operators in just one day without changing their phone number, the right to more clarity about the services customers are offered and better protection of personal [...]
