We have noted that BP seems to be either unlucky or negligently careless over the last few years. While re-branding itself BP instead of British Petroleum, replacing the Viking shield with a Daisy and placing wind generators in its garages may have worked wonders for the ‘green’ image it likes to portray, it seems...
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The USA trade gap increased to a record $68 billion in July the Commerce Department revealed. The number was higher than expectations as American consumers continue with their love affair of the worlds products, despite things getting tighter at home. Much of the increase, about a third, has been attributed to oil prices, though...
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According to Australian industry forecaster BIS Shrapnel the Australian economy will peak this year and start a rapid decline in around two years. The local and global monetary policy tightening cycle is also expected to weigh on the Australian economy which could be headed for a downturn similar to that experienced in 2000-2001, the...
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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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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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