One of the Bank of England’s jobs since it was cut free from the meddling interference of politicians is to keep inflation at a target of 2 percent. News in the BoE’s own quarterly inflation report said that the rate could move as high as 2.7 percent without a further increase in the rate...
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After a run of 17 consecutive rate hikes, the Fed paused yesterday and the markets hated it. Unusually the markets reacted badly to the pause and took indices downward. With small rate increases almost a part of life in the USA, and central banks around the world catching the habit, it was left to...
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BP has stated that repairs on the Prudhoe Bay oil field may be carried out in a phased manner to allow production to start again, though in a limited capacity. It began shutting down the oil field after discovering corrosion in some of the pipes and later announced that the shutdown would be indefinite....
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Here’s a question you think you know the answer to, but probably don’t. Which company sells the most portable music players? Silly question, you probably think, it’s Apple of course. Well, actually it isn’t. In fact, in the last quarter, Nokia sold 15 million music enabled phones, which is approximately twice the number of...
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Its getting quite embarrassing writing about AOL because its pretty much always bad news – and believe it or not – we’d like to write something positive about AOL. Unfortunately this is getting harder and harder. With AOL already bleeding customers and falling behind in the race in just about every segment of its...
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