G20: Finance ministers say low interest rates not enough to boost global economy September 6, 2015 Finance ministers from the world's 20 biggest economies agreed yesterday that keeping interest rates at their current low levels won't be enough to prevent a global economic slowdown. Following a two-day meeting in Ankara, Turkey, they said a coordinated introduction of other reforms was needed to encourage growth. "Monetary policies will continue to [...]
Non-farm payroll: US jobs growth weakens in August leaving Federal Reserve rate hike uncertain September 4, 2015 Weeks of global market turmoil have taken their toll on US job growth, after the number of new jobs created dipped to its lowest level since March, leaving the Federal Reserve with a rate hike dilemma on its hands. Employment increased by 173,000 in August, show non-farm payroll figures released by the US Department of [...]
China’s economic slowdown: IMF warns central banks not to raise interest rates September 3, 2015 The IMF has warned the world's biggest economies not to raise their interest rates in the near future, as China's economic struggle could have far-reaching consequences. In a pessimistic report released last night, the international lender said the risk of a global slowdown was increasing, and that in most cases economies are falling short [...]
Citizens Advice: Cars and mobile phones cause most problems for consumers September 2, 2015 If you're fed up with your mobile phone provider, you're not alone, according to a new report from the Citizens Advice charity, which found that more than 21,000 people filed formal complaints about their mobile phone contracts last year – with one in four griping about substandard service or a particularly poor signal. The only issue more pressing [...]
Lotus restaurant review: The food is fine, but it’s not fine dining September 2, 2015 Lotus 17 Charing Cross, WC2H 0EP Tel: 0207 839 8797 FOOD ★★★☆☆ VALUE ★★★☆☆ ATMOSPHERE ★☆☆☆☆ Cost for two with wine: £120 The last five years have seen every restaurant in the country renounce their tablecloths. They’ve ripped the plaster off the walls to expose the jagged, crumbling brickwork beneath, because brickwork is real and plaster is a [...]
FTSE closes three per cent lower as China outlook worsens September 1, 2015 The FTSE 100 closed more than three per cent lower, at 6,058 points, after another day of weak economic data from both China and Europe. Other European markets followed suit, with both the Cac and the Dax finishing 2.4 per cent lower. Meanwhile, US stocks also dropped, with the S&P 500 and the Dow [...]
European stocks drop on Chinese economy fears – Europe Report August 31, 2015 EUROPEAN shares suffered their worst monthly performance in four years yesterday, as concerns over a Chinese economic slowdown and a possible US interest rate rise hit the region’s stock markets. The pan-European FTSEurofirst 300 index closed down 0.2 per cent to record a monthly loss of nine per cent – its worst monthly performance since [...]
Wall St closes worst month in three years – New York Report August 31, 2015 WALL Street wrapped up its worst month since 2012 yesterday on a sour note after comments from a senior Federal Reserve official heightened fears among investors of a potential US interest hike in September. The Dow Jones industrial average lost 0.69 per cent to end at 16,528.03 points and the S&P 500 fell 0.84 per [...]
Instability may put Fed hike on ice August 31, 2015 With oil so cheap, rising employment may not boost US inflation WHEN global markets dived last week, $900bn was wiped off the S&P 500 on Monday and Tuesday alone, and the prospect of a Fed rate hike in September went from consensus view to highly unlikely. But the end of the week brought promising news [...]
The US economy is powering ahead – despite China – eToro Tips & Picks August 31, 2015 SHARES in China rose during Friday’s Asian session as the resilience of the US economy once again impressed investors. US economic growth for the second quarter was revised up to an annualised 3.7 per cent, much more than the expected 2.3 per cent. The GDP print showed that, despite continued weakness out of China and [...]