Cautious investors should wait before they dive into this latest bond sector
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Monday 03 August 2009
Banking giant HSBC said today that profits had fallen by more than half during the first six months of the year.
Saturday 18 July 2009
Life in 21st-century Britain has echoes of the hyper-inflation that brought down the Weimar Republic. On Monday, I set out to procure the euros I need for the summer. At Thomas Exchange in the Strand in central London, the rate on the board was €1.14 to a pound. I went to the bank next door, and drew out a wad of £20 notes. When I walked back to the bureau de change, clutching my holiday funds for the summer, a man was changing the last digit from "4" to "3". Crikey: in the time it took to procure some cash, sterling had lost nearly 1 per cent of its value. At that rate, I calculated, the pound in my pocket would be almost worthless by elevenses.
Monday 13 July 2009
Thursday 02 July 2009
Australian authorities have uncovered a six million Australian dollar (4.8 million US dollar) international credit card scam that used stolen personal information from people as far away as Britain and Spain, officials said.
Saturday 27 June 2009
Wednesday 24 June 2009
Part-nationalised Royal Bank of Scotland lost more money than any other bank in the world last year, a leading industry journal declared today.
Tuesday 02 June 2009
Amlin fell as investors concerned about growing weakness in the US dollar began selling off non-life insurance stocks last night.
Tuesday 02 June 2009
Thursday 21 May 2009
Sunday 19 April 2009
Saturday 18 April 2009
Sunday 29 March 2009
Friday 27 March 2009
Tuesday 24 March 2009
Sunday 15 March 2009
British travellers hoping to stretch their money as far as possible should head to the Commonwealth in light of sterling's dramatic slide against other currencies, according to currency expert FC Exchange.
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