Tag: threaten

Asia’s economic recovery under threat from soaring food prices

Asia’s economic recovery under threat from soaring food prices

A report by the Asian Development Bank (ADB) has warned soaring food and fuel prices threaten to push millions into extreme poverty and hamper economic growth in Asian economies. Previous reports have suggested that Asia is leading the way in the global recovery with staggering economic growth figures but food price inflation is threatening growth [...]

April 26, 2011 | 0 Comments More
MPC’s Posen expects inflation to fall to 1.5% by mid-2012

MPC’s Posen expects inflation to fall to 1.5% by mid-2012

Bank of England policymaker Adam Posen believes inflation will plunge to 1.5% by the middle of next year. His expectation is for a much sharper fall than his fellow policy members. The American economist is so certain of his prediction that he has threatened to step down from the Committee, when his three-year term ends [...]

March 29, 2011 | 0 Comments More
Norwich and Peterborough to repay £57m to Keydata investors

Norwich and Peterborough to repay £57m to Keydata investors

The Norwich and Peterborough Building Society (N&P) is to repay £57 million in compensation to customers who were sold its Keydata product. N&P sold Keydata products from 2005 but it was placed into administration in 2009, with 30,000 UK investors facing the loss of £450 million. The collapse of Keydata represents the largest investment failure [...]

March 23, 2011 | 0 Comments More
Think tank urges central bank to keep interest rates low

Think tank urges central bank to keep interest rates low

Influential think tank, the Ernst & Young Item Club, is urging the Bank of England not to be pressurised into lifting UK interest rates as it could threaten the economic recovery. Interest rates have been at the historic low of 0.5% since March 2009 - when the economy was in the midst of recession. Despite [...]

January 17, 2011 | 0 Comments More
Japanese exports slow further in October

Japanese exports slow further in October

Government data has today revealed a further slowdown in Japanese exports in October. Not only were the figures below expectations but they grew at their slowest pace this year, as the strong yen continues to weaken demand for exports and threatens the economic recovery. Exports grew 7.8% in October - way below the 14.3% reported [...]

November 25, 2010 | 0 Comments More
Euro zone nations work to convince Ireland to ask for help

Euro zone nations work to convince Ireland to ask for help

Yesterday’s meeting in Brussels of euro zone finance ministers concluded with failing to convince Ireland to ask for financial aid. The Irish Government continues to reject a bailout, insisting it is fully funded until at least the middle of next year. However, the country’s financial situation was described as “our most pressing challenge” by EU’s [...]

November 17, 2010 | 0 Comments More
Japanese exports slow further in September

Japanese exports slow further in September

Government data has today revealed a further slowdown in Japanese exports in September. While the figures exceeded expectations, exports still grew at their slowest pace this year, as the strong yen weakens demand for exports and threatens the economic recovery. Exports rose 14.4% in September to 5.84 trillion yen on an annual basis – well [...]

October 25, 2010 | 0 Comments More
HSBC chief in boardroom row over chairman role

HSBC chief in boardroom row over chairman role

HSBC’s chief executive, Michael Geoghegan, has threatened to leave the bank if he is not promoted to chairman. According to the Financial Times, a person familiar with the bank’s succession plan, said: “He [Geoghegan] was told the board was not ready to give him the chairmanship and he was not happy.” Earlier this month, it [...]

September 22, 2010 | 0 Comments More
Euro zone unemployment rate reaches 10%

Euro zone unemployment rate reaches 10%

Figures from Eurostat have today revealed that the number of people unemployed across the euro zone grew to 15.8 million in December. The latest figures mean that the unemployment rate across the 16 countries that use the euro is 10% - the highest rate since 1999. Analysts believe that the unemployment rate will continue to [...]

January 29, 2010 | 0 Comments More