There is growing evidence to support our thoughts that the global economy has had it good for too long. Perhaps the problem with the frailty of the human mind is that when things are good we forget the bad times, and when things are bad we only think about the good times –hence we’re...
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Copper prices broke through the $8,000 mark yesterday, rising to $8,105 a tonne – a rise of 2.7 percent on the day after workers started there long predicted strike at the Escondida mine in Chile, majority owned by BHP Billiton. The Escondida mine produces about 3,500 tonnes of Copper per day, about 20 percent...
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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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