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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Memo to Bank of England – 31st August 2006 Today the Nationwide building society announced yet more sharp increases in house prices in the UK. The Nationwide noted that the recent increase this month by the Bank of England had little or no effect in cooling the property market. Nationwide, the largest building society...
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Strap yourselves in for a bumpy ride this winter. It seems that the surprise rate increase by the Bank of England earlier this month hasn’t been enough to hold consumer spending or an increase in house prices in the UK. What’s the Bank of England to do? According to the CBI today, retail sales...
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It’s beginning to look like Microsoft’s Zune player is more hype than substance and may be a dud before it gets out of the gate. Originally the ‘leaked’ specs of the product were impressive, but as we get closer to the release date of the product the market is getting less and less impressed...
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It looks like we could see US interest rates on hold for a little longer, even though the decision by the Fed to pause rates was a close call last time. The market rose after the release of the minutes of the Fed meeting. The Financial Times of London reports that: ...The minutes said...
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