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Bank of England slashes rates 1% to historic low
The Bank of England today slashed interest rates by a further 1%, bringing the interest rate to a historic low. The interest rate cuts in recent months have been among the fastest in Britain's history."The Bank of... UK Recycling industry slumps
Recycling firms in the UK are feeling the effects of the recession. It was only a few months ago that the industry was booming, and 9 out of 10 town halls were ahead of their recycling targets, and were on track... Jobless claims hit 25-year high, imports plunge
Jobless claims hit 25-year high, imports plunge Doug Palmer WASHINGTON (Reuters) - The number of U.S. workers drawing jobless benefits hit a 25-year...World stock markets slump...and it's only Monday
"LONDON (AP) -- World stock markets slumped again Monday with the Nikkei index in Japan closing at its lowest in 26 years as the financial crisis drove up the yen, piling the pressure on the country's exporters. Tokyo's Nikkei 225 index closed down 6.4 percent to 7,162.90...Early London rally wiped out, European market volatile
Stock markets across Asia-Pacific bounced back after huge losses for last many days in early trading. Several governments took desperate economic measures to survive the crisis. Indian government had cut down...EI funds won't last through prolonged recession
Canadian actuaries are warning, should the turmoil in the U.S. financial markets throw Canada into a prolonged recession, current EI reserves won't last. Actuaries calculate the cost of assuming risk, they are an essential part of any insurance program, and they also...TSX Drops nearly 500 Points Due to Fuel Prices and Mortgage Crisis
The US mortgage quagmire and fluctuating fuel prices have caused the Toronto Stock Exchange to wobble... yesterday, the TSX lost 4%. Though bad for everyday folks, high fuel prices actually tend to boost the TSX, so at the moment you will be unlikely to find Canadians...
created by Jordan Yerman | 1 year ago | updated 1 year ago
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155 views | 0 recommendations | 0 comments
Residential building land value drops 20pc
Falling UK land values are fuelling lower house prices with industry leaders asking the Government for urgent and immediate action....People are opting to rent rather than buy/sell and the North of England is the least expensive place to live...."Residential building land,... US house prices continue to fall
According to recent figures, "No city in the 20-city index experienced price gains in May for the second straight month". In addition, the index "fell by 15.8 per cent in May compared with a year ago". The current crisis has been blamed on the offer of mortgages that...Planes fly empty to keep value take-off slots at Heathrow
BMI, the third largest airline in the UK, has admitted it is planning to keep running virtually empty flights in spite of decreasing passenger numbers in order to hold on to its landing and takeoff slots at...Merrill says GM bankruptcy "not impossible"
I guess that whole SUV thing was a bit short sighted..."DETROIT (Reuters) - General Motors Corp (GM.N) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible"...Dubai house prices up 78%, another surge guaranteed « Peter J. Cooper’s We...
"Dubai house prices rose 78 per cent in the year to the end of Q1, according to a report from Colliers International. But all the anecdotal evidence suggests that rising prices have continued since then, and may have considerably further to go as the Federal Reserve cuts...Asian stock markets slump, Wall Street flat « Peter J. Cooper’s Weblog
"China led the Asian markets sharply lower with shares down 5.7 per cent in Shanghai, 3.5 per cent in Hong Kong and 2.5 per cent in Sydney. But after last Friday’s plunge the big cannons were out on Wall Street to steady nerves and head off a likely Black Monday."There goes the neighbourhood: mosquitoes thrive on US credit slump
This is one of those stories that no one thinks about until it may be too late. It's no secret that thousands of homes are being abandoned in the US due to the property crash, but I never thought that people not...No. 1 Justine Henin retires from tennis
Justine Henin, one of the top-ranked tennis players in the world, has announced her retirement from the sport, effective immediately."The 25-year-old Belgian, who has won seven Grand Slam titles, is making the...
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