UK

Amid the great abundance of negative news coming from the Eurozone, it now appears that some hope can be seen; that the recession could be lighter than expected. The PMI (Purchasing Managers Index) in UK rose during December. The figure moved from 47.7 in November to 49.6, against forecasts that...

An old tension between Britain and Argentina has returned over the disputed Falkland Islands. The issue arose over a discussion among the Mercosur countries (the commercial alliance created in 1991 between South American states such as Brazil, Argentina, Uruguay and Paraguay, then enlarged to...

Event group Tarsus (LON:TRS) has confirmed its commitment to emerging markets by selling a 51 percent interest in Modamont, its struggling French subsidiary, to a JV partner, Premiere Vision, for €6.1 million. The move marks a significant cut in Tarsus' exposure to the economic gloom of the French...

THE ECONOMIST --"On September 21 Cuadrilla Resources, the first firm to drill for shale gas in the country, estimated that 200 trillion cubic feet of gas lie in an area near the seaside town in northwest England—nearly 40 times previous projections of all of Britain's shale resources and, in...

If Greece defaults and brings down the economies of Europe, including the UK, Cameron will not be able to plead ignorance. On Tuesday, the UK's Prime Minister, David Cameron, stated that the member states of the eurozone have much "invested in it," according to the BBC. He went further, claiming...

There were tiny signs of life in two of the world’s largest economies, anomalies in a period when the global economy may be falling into a double dip recession. Japan announced that its jobless rate fell to 5.2% in July, down from 5.3% in June. The Asian nation also said that its consumer price...

Fears of Greek contagion are all over the Street today; after yesterday’s wild sell off and recovery, which started about the time the Greek austerity bill was passed, traders are taking extra precautions on positions. Greek debt for instance is much harder to insure now. The spread widened as...

CDS Spreads, i.e. Credit Default Swap insurance, which is used to hedge positions in government bonds, is rising across the Eurozone this morning. Here are the six most notable rises: 1. Portugal 340/370 vs yesterday close of 275 bps 2. Italy 152/160 vs yesterday close of 134 bps 3. Ireland 205/220...

Are upside inflation risks rising in developed economies? That's one question we look at in this week's edition. First up is a synopsis of the UK GDP figures, then a look at rising British inflation, the Bank of Canada decision and inflation rate, the surge in US producer prices, and a look at New...

Are upside inflation risks rising in developed economies? That's one question we look at in this week's edition. First up is a synopsis of the UK GDP figures, then a look at rising British inflation, the Bank of Canada decision and inflation rate, the surge in US producer prices, and a look at New...

Shares of Hi-Shear Technology Corp. (HSR) rose 58.5 percent during intraday trade on Wednesday, after the aerospace equipment manufacturer announced that it has a definitive merger agreement with UK’s Chemring Group PLC (LSE: CHR). Hi-Shear Technology’s shareholders will receive cash $19.18 for...