News Tag: news
December 6, 2009
The price of gold has ended its run of all-time highs after positive economic US data sent the dollar higher.
On Friday, the Labor Department revealed that the US economy lost fewer jobs in November with the unemployment rate falling to 10% from a rate of 10.2% in October.
Figures show that US employers cut the lowest number of jobs during the month ...
Dollar strengthens, price of gold falls
by Kay Murchie
September 30, 2009
Today the world’s largest economy received a boost after the Commerce Department revealed that the US economy shrank at a far slower rate in the second quarter than previous estimates showed.
According to the Commerce Department, the US economy contracted by 0.7% between the April and June period rather than the 1% previously reported and far better than ...
US markets fall on weak data, FTSE has best quarter
by Kay Murchie
August 24, 2009
US light crude hit $74.49 (£45) a barrel by afternoon in Europe today - after reaching $74.81, its highest intra-day price in ten months, on the back of increasing demand.
Meanwhile, London's Brent crude was 16 cents higher to $74.35 a barrel.
This resulted in stock rising in BP, Royal Dutch Shell, BG Group and Cairn Energy, all ...
Oil price hits 10-month high on back of economic recovery
by Kay Murchie
FTSE 100 soars to 10-month high
by Kay Murchie
September 1, 2008
Following Chancellor Alistair Darling’s grave assessment of the British economy, the pound has fallen to a record low against the euro and also fell against the dollar.
In an interview with the Guardian newspaper, Chancellor Alistair Darling said the UK is facing the worst economic downturn in 60 years and it will be ‘profound and long lasting’.
Following Mr Darling’s assessment, the ...
Pound falls to fresh low against euro
by Kay Murchie
