This week’s cover of Business Week asks the question ‘How toxic is your mortgage’. The article centres on the recent usage and promotion of ARMs to buyers in the USA as a way to cheap deals. Unfortunately many customers are now finding that what was originally a promise to help them get a foot...
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The IMF has dire warnings this week about the ever encroaching costs of commodities. This week oil fell back to its lowest point for 3 months. The market is now starting to fret and ask when the next drop will come – not if, and in the same breath they ask will it be...
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More details have arrived about Universals ‘Free’ download service. As we suspected, more is less. Details of the new services reveal that for each track you will be expected to sit through 90 seconds of adverts before it starts the download. Secondly, the tunes will only last for six months before they expire and...
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Ailing giant car company Ford, has decided it needs to focus on its core product set and is starting the process of dumping its ‘vanity’ projects. Bill Ford announced that the first company from its so-called Premier Automotive Group, Aston Martin would be put on the block and auctioned off. Ford is reckoning on...
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The European Central Bank will keep interest rates unchanged at today’s governing council meeting, but ECB president Jean-Claude Trichet is likely to signal that the central bank is preparing to hike rates at the following council meeting on Oct 5, economists said. The ECB raised rates at its last meeting on Aug 3, and...
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