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16/08/2007
Stock Markets Fall As Debt Concerns Bite
Stock markets have experienced further falls as concerns persist over the effects of lending to high risk creditors.
In trading yesterday, Wall Street saw falls of almost 1.3%, the Nikkei in Japan closed down just under 2% and Germany's DAX-30 dipped almost 2%. Among the largest fall was Hong Kong where 3.3% was wiped off share values.
The Dow Jones close yesterday was below 13,000, the first time since April that the US market has dipped below this figure this year.
London FTSE 100 has plummeted below 6,000 as just over 2% was shed from market share values in early day trading.
The money markets have been nervous since reports emerged over the state of sub-prime lending to higher risk individuals with credit history problems.
Rising interest rates have led to borrowers defaulting on loans as they are unable to afford the higher repayments. There is continuing concerns in the money markets over investment funds that are exposed due to heavy involvement in this sector.
Central banks have stepped in with massive injections of cash, but this appears to have done little to allay the market concerns over credit lending and restore investor confidence.
The US Federal Reserve has pumped in $7bn this week, bringing the total injected into the banking system to $71bn this month.
(SP)
In trading yesterday, Wall Street saw falls of almost 1.3%, the Nikkei in Japan closed down just under 2% and Germany's DAX-30 dipped almost 2%. Among the largest fall was Hong Kong where 3.3% was wiped off share values.
The Dow Jones close yesterday was below 13,000, the first time since April that the US market has dipped below this figure this year.
London FTSE 100 has plummeted below 6,000 as just over 2% was shed from market share values in early day trading.
The money markets have been nervous since reports emerged over the state of sub-prime lending to higher risk individuals with credit history problems.
Rising interest rates have led to borrowers defaulting on loans as they are unable to afford the higher repayments. There is continuing concerns in the money markets over investment funds that are exposed due to heavy involvement in this sector.
Central banks have stepped in with massive injections of cash, but this appears to have done little to allay the market concerns over credit lending and restore investor confidence.
The US Federal Reserve has pumped in $7bn this week, bringing the total injected into the banking system to $71bn this month.
(SP)
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07 August 2014
Interest Rate Held At Record Low For Another Month
Interest rates in the UK have been held at a record low of 0.5% for the second month in a row, the Bank of England has reported. The new figures also show that the bank's quantitative easing also remained unchanged at £375bn.
Interest Rate Held At Record Low For Another Month
Interest rates in the UK have been held at a record low of 0.5% for the second month in a row, the Bank of England has reported. The new figures also show that the bank's quantitative easing also remained unchanged at £375bn.
19 December 2013
Cable Rules Out Ban On Zero-Hours Contracts
A ban on zero-hours contracts has been ruled out by Business Secretary Vince Cable, who has said they offer employers "welcome flexibility". Mr Cable was launching a public consultation on the use of zero-hours contracts, which the secretary has said have a place in the labour markets despite evidence of abuse. The consultation is to last 12 weeks.
Cable Rules Out Ban On Zero-Hours Contracts
A ban on zero-hours contracts has been ruled out by Business Secretary Vince Cable, who has said they offer employers "welcome flexibility". Mr Cable was launching a public consultation on the use of zero-hours contracts, which the secretary has said have a place in the labour markets despite evidence of abuse. The consultation is to last 12 weeks.
15 November 2011
Inflation At 5% But Expected To Drop 'Sharply'
This month's official inflation figures are still more than double the 'target rate' of 2%, although it is expected to drop "sharply", according to the Bank of England. The Consumer Prices Index (CPI) in the UK fell slightly to 5% during October, down from a rate of 5.2% the month before.
Inflation At 5% But Expected To Drop 'Sharply'
This month's official inflation figures are still more than double the 'target rate' of 2%, although it is expected to drop "sharply", according to the Bank of England. The Consumer Prices Index (CPI) in the UK fell slightly to 5% during October, down from a rate of 5.2% the month before.
04 November 2004
Third annual fall recorded in migration to UK
The number of people migrating to the UK has fallen for the third year running, according to statistics released today. New international migration estimates published today by the Office for National Statistics (ONS) found that overall 151,000 more people migrated to the UK than leaving it in 2003.
Third annual fall recorded in migration to UK
The number of people migrating to the UK has fallen for the third year running, according to statistics released today. New international migration estimates published today by the Office for National Statistics (ONS) found that overall 151,000 more people migrated to the UK than leaving it in 2003.
23 November 2007
Gloomy Outlook For Financial World
As the USA got back to work today after the Thanksgiving celebrations, stock brokers there could be forgiven for wanting to run the holiday on for a day or two – or possibly a few weeks. The holiday has this year been marked by global stock markets suffering yet another day of steep falls over the severity of the credit crisis.
Gloomy Outlook For Financial World
As the USA got back to work today after the Thanksgiving celebrations, stock brokers there could be forgiven for wanting to run the holiday on for a day or two – or possibly a few weeks. The holiday has this year been marked by global stock markets suffering yet another day of steep falls over the severity of the credit crisis.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
