US focus on Asia inflating China defence budget? Zeenews Singapore: China's defence budget will double between 2011 and 2015 and outstrip the combined spending of all other key defence markets in the Asia-Pacific region, global research group IHS said Tuesday. | The US government's "renewed Asia-Pacific focus" is helping fuel China's expansion of its defe...
Inflation at lowest level for 14 months The Independent | The consumer prices index (CPI) rate of inflation fell to 3.6% last month, from 4.2% in December, as the previous year's VAT hike from 17.5% to 20% fell out of the year-on-year comparison. | In a letter of explanation to the Chancellor, Bank of England governor Sir Mervyn King said further falls i...
Relief for households – and Bank – as inflation falls sharply The Independent | The fourth monthly fall in a row for the consumer prices index leaves the Bank's official inflation benchmark at 3.6 per cent, down from 4.2 per cent in December and the lowest since November 2010. The latest drop – fuelled mainly by the fading i...
UK inflation figures fall to 15-month low Irish Times | MARK HENNESSY, London Editor | BRITISH CHANCELLOR of the exchequer George Osborne was boosted yesterday with the lowest inflation figures for 15 months, just hours after a ratings agency warned that the UK's triple-A credit rating could be cut. | T...
Finance Minister Pranab Mukherjee keeps fingers crossed as January inflation dips to 6.55% The Times Of India NEW DELHI: Headline inflation fell to its lowest in more than two years in January, raising hopes of a rate cut by the Reserve Bank in its policy review due next month. The wholesale price index (WPI) inflation, the most widely watched gauge of price...
UK inflation hits 14-month low as spending weakens Gulf News | London: UK inflation slowed to the lowest in 14 months in January as the impact of a sales-tax increase a year earlier faded and consumer demand weakened. | Consumer prices rose an annual 3.6 per cent after a 4.2 per cent gain in December, the Offi...
AP / Mark Baker
Inflation Or Deflation, Gold Might Still Be Your Best Bet Business Insider | Gold’s London AM fix this morning was USD 1,743.00, EUR 1,315.17, and GBP 1,095.95 per ounce. | Yesterday's AM fix was USD 1,720.00, EUR 1,308.98, and GBP 1,087.56 per ounc...
Asian central banks battle high inflation News24 Jakarta/Seoul - Consumer inflation stayed high across Asia in January and could pick up further in some countries in coming months, leaving their central banks with few options to ...
Rising food prices shatter hope of taming inflation Business Day | PRICES at SA’s factories, mines and farms rose more slowly than expected last month, but hope that inflation would remain in check has been dashed by rising food prices. | Prod...
FTSE CLOSE: Threat to UK's AAA rating; inflation rate falls to 3.6% The Daily Mail | 17.10 (close): London's leading shares index struggled to make progress today after weaker-than-expected retail sales in the US overshadowed an upbeat bond auction in debt-laden Italy. | The FTSE 100 Index closed 5 points lower at 5899.8 after tota...
Households £1,300 poorer despite falling inflation The Daily Telegraph The average British household would need to spend almost £1,300 just to maintain the same living standards as a year ago, despite inflation falling to its lowest level for 14 months, economists have warned. | Household budgets are still stretch...
British inflation shows sharp fall Irish Times | British inflation dropped sharply in January as the effect of a rise in 2011 VAT fell away, supporting Bank of England forecasts for a sharp easing of price pressures this year and providing some relief for cash-strapped consumers. | The decline to...
WARREN BUFFETT: The Investment You Think Is 'Safe' Is Actually The Riskiest In The World Business Insider | Warren Buffett has published a preview of his annual letter in Fortune. | In the preview, he does one of the many things he does best: Explains basic investing concepts and history in a way that no one else can. | In the first section of the article, for example, Buffett explains why most investors' concepts of "risk" and "safety" are completely ...
Russian Press at a Glance, Friday, February 10, 2012 Novosti | POLITICS | Supporters of presidential candidate Vladimir Putin plan to hold a march February 23 and expect that 200,000 people will come. Meanwhile, opposition protesters announced plans to gather on the Garden Ring Road in central Moscow on February 26, planning to join hands to form an unbroken circle around the city center. Organizers estimate...
