March 24 will see the 14th Budget since Labour won power in 1997. March 24 will see the 14th Budget since Labour won power in 1997. That first Budget saw corporation tax cut from 33pc to 31pc, with the small companies’ tax rate reduced from 23pc
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I have pretty well laid out over the past decade that I think the US will muddle through what promises to be a period of below-trend growth and a long-term secular bear market. It will not be pleasant or fun - there will be a lot of pain - but we
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Consumer spending makes up about 70% of the US economy.
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The Euro retreated, breaking the support specified in yesterday’s report 1.3665, and falling to 1.3585, without reaching the suggested target 1.3550. But, even without reaching the suggested target, the harm is done, and more downside activity is
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Federal Reserve Chairman Ben Bernanke made a fresh pitch Saturday to retain oversight of small banks, contending that what the Fed learns from that role helps it assess the overall health of the entire U.S. financial system.
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With the Australian dollar appreciating against the euro over the past month, the Macro Meats Golden Easter Egg may well be the richest race in the world come the big final on April 3.
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German Chancellor Angela Merkel’s suggestion that the countries failing to meet their financial commitments should be expelled from the Euro-zone has sparked off a storm of emotions in the united Europe and on the world markets.
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Gold and other metals futures sank on Friday on uncertainty about European Union financial support for Greece, which gave another boost to the dollar.
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Oil is traded in U.S. currency, and its price tends to fall as the dollar rises and makes contracts tougher to buy with foreign currency. Investors also will move money out of commodities and into the greenback as the dollar rises.
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The euro fell to more than a two-week low against the greenback on revived worries about Greece’s debt problems. Dollar-denominated commodities such as oil and gold fell as a stronger dollar makes them more expensive for holders of other currenci
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