The Financial Times on the 9th September 1993, almost 15-years ago, published an article by Kevin Done, headlined ‘Lopez preaches gospel of third industrial revolution’. Jose Ignacio Lopez de Arriortua at that time had recently …
The slowdown in growth rates is an expression of macroeconomic stabilisation. Turkey’s real GDP increased by 4.8% year on year in the first quarter of this year, slowing from 9.0% in 2004 and an average …
It is an honour London could have done without. There is no surer sign of a city’s standing in the world than to be chosen as a target for a terrorist speculator. When the twin …
Here’s a guaranteed investment scheme… You and I buy up all the nickels we can get our hands on. Since the underlying metal in a nickel today is worth about 6 cents, we lock ourselves in …
The European Central Bank (ECB) is gradually changing its body language. Since it was first established, the ECB has effectively pursued a policy designed to address the average requirements of its member countries. This policy …
Over the past 25 years, the UK services and manufacturing sectors have diverged dramatically. Their average rates of profitability drifted apart, and the share of manufacturing output in the economy has fallen steadily while that …
After losing steam in the spring India is back on top. Since mid April the market has seen a sharp surge. The main stock market index, the Sensex 30, broke through the 7,000 mark for …
In January, I suggested that 2005 would be the year of the See-saw Economy. So far, with one major exception, my forecast is in the middle of the fairway. See-saws work as long as both …
Not too long ago, on Capital Hill, a Senator representing Michigan waved a piece of paper in the face of Alan Greenspan. The paper apparently listed the current size of overseas holdings of U.S. treasuries. …
Just a day after China reported surging GDP growth at 9.5% for the first half of the year in comparison to a year earlier, the Chinese government has surprised all – not least US treasury …