Financial Archives · Market.Biz

Kobe Steel Scandal: Profit Forecast Scrapped Due to Data Falsification

Published by Pete Nisbet on October 30, 2017

A Kobe Steel scandal over the falsification of safety data has hit the company hard. The Kobe Steel profit forecast has been scrapped. The Japanese steel company withdrew its profit forecast for the year because the costs of its data falsification activities are not yet fully known. Its interim divi [...]

UK Car Production Down: Brexit Uncertainty Cited as a Cause

Published by Pete Nisbet on October 29, 2017

UK car production was down 4% in September, the probable cause being given as Brexit uncertainty. This was in spite of a general growth in Britain’s manufacturing industry. The Markit/CIPS purchasing managers’ index (PMI) for July, August and September were 55.3, 56.9 and 55.9 respectively. Whil [...]

US Economy to Slow Down According to Natixis Investment Bank

Published by Pete Nisbet on October 28, 2017

Is the US economy about to slow down? According to French investment bank Natixis it is starting from next year. According to Natixis chief economist, Patrick Artus, there will shortly be a significant slowing down of the US economy. What is the evidence for this, and how will this slowdown take sha [...]

UK Budget Deficit Down as UK Economy Grows Faster than Borrowing

Published by Pete Nisbet on October 22, 2017

The UK budget deficit for September is the lowest September figure for 10 years. How is that, when borrowing and spending are both up on the same month last year? It can all be explained by the UK economy it has been rising at a greater rate than spending. [...]

Next Federal Reserve Chairman May be Jerome Powell and Not Janet Yellen

Published by Pete Nisbet on October 21, 2017

It’s believed that the next Federal Reserve chairman may be Jerome Powell, Donald Trump’s favorite for the job. Janet Yellen is believed to be about to be deposed as Chair of the Federal Reserve. Powell is believed by investors as somebody who would stick to the current Fed policy. However, th [...]

UK Inflation Rate Increase the Highest for Five Years

Published by Pete Nisbet on October 19, 2017

The UK inflation rate hit its highest level for five years last month. Food prices and transport costs contributed to a large part of this. The CPI (Consumer Prices Index) rose to its April 2012 level of 3% an increase of 2.9% over the August figure. [...]

Airbus Bombardier Partnership Saves C-Series Jet Project

Published by Pete Nisbet on October 18, 2017

An Airbus Bombardier partnership may have saved the Irish plane manufacturer. We reported previously that the US has slapped a 300% import duty on the Bombardier C-Series passenger jet. The order and price was accepted by US customer, Delta Airlines. US firm Boeing complained that Bombardier was giv [...]

Climate Change and the Economy: The Effect of Hurricanes on Inflation

Published by Pete Nisbet on October 15, 2017

Climate change and the economy are closely interlinked. Some deny the existence of climate change, but recent events have all but proven the fact that the earth’s climate is changing. Following our recent news post relating to the effect of recent hurricanes in the Mexican Gulf, it seems as though [...]

US Consumer Price Increases: The Effect of Hurricanes in the Gulf

Published by Pete Nisbet on October 15, 2017

US consumer price increases last month reached the largest amount since January. A large part of this was due to hurricanes, and their effect on the production of oil refineries and gasoline in the entire area around the Mexican Gulf coast. According to the US Labor Department, the CPI (Consumer Pri [...]

QR Payment System: Mobile Payment Market More Popular in China

Published by Pete Nisbet on October 14, 2017

The QR payment system makes credit cards look obsolete and may also make cash obsolete as the more technology-savvy countries move towards instant mobile payment. WEChat Pay, AliPay, and others are revolutionizing how the Chinese pay for anything. WEChat Pay and AliPay have over 90% of this new mobi [...]

Kobe Steel Scandal: Profit Forecast Scrapped Due to Data Falsification

UK Car Production Down: Brexit Uncertainty Cited as a Cause

US Economy to Slow Down According to Natixis Investment Bank

UK Budget Deficit Down as UK Economy Grows Faster than Borrowing

Next Federal Reserve Chairman May be Jerome Powell and Not Janet Yellen

UK Inflation Rate Increase the Highest for Five Years

Airbus Bombardier Partnership Saves C-Series Jet Project

Climate Change and the Economy: The Effect of Hurricanes on Inflation

US Consumer Price Increases: The Effect of Hurricanes in the Gulf

QR Payment System: Mobile Payment Market More Popular in China

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