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Global premium air travel edges up 1.2pc in FebThe number of passengers traveling in premium seats on international markets was just 1.2 per cent higher in February compared to a year ago, down on the January result of 3.3 per cent, a report said. Economy class passenger numbers wer More… |
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Low growth seen for global markets in 2012An anemic recovery in the US, a technical recession in the UK, a struggling Europe, a suffering Japan and a sluggish performance in emerging markets count among the global markets outlook for 2013, said an expert. The issues facin More… |
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Optimism over economy highest in MideastChief financial officers (CFOs) in the Middle East reported the highest level of optimism during the second quarter of 2012, compared to 11 other geographies surveyed, a report said. Entitled ‘Retrenching Again,’ the Deloitt More… |
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Eurozone economies 'set for recovery'The euro zone crisis will be resolved and will not break apart and no countries will leave the zone, according to a top official of Swiss Bank Sarasin Alpen. 'The euro zone economy will stall but stock markets should recover in 2012 as More… |
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Oil, gold fall as eurozone crisis persistsCrude oil, gold, copper and grains fell in Asian trading on Thursday as worries over approval for the eurozone's expanded rescue fund and Greece's ability to qualify for its next aid package prompted a flight to safe-haven dollar holdings. More… |
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Airbus wary of recession risk, Asia seen as bufferAirbus, a unit of aerospace group EADS, eyes challenges stemming from a possible global recession brought on by the eurozone debt crisis but Asia, notably China, will provide a buffer for growth, its chief operating officer said on Thursday. More… |
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S&P cuts Eurozone growth estimatesRatings agency Standard and Poor's has lowered its economic growth forecasts for the euro zone, but said the shared currency bloc was not headed toward a new recession. Public and private institutions have been scrambling to revise dow More… |
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Euro zone inflation easing may be temporaryInflation in the euro zone eased in July from preceding months' peaks due to statistical changes that the European Central Bank may ignore when deciding whether to hike interest rates for a third time this year. Eurostat said consumer pric More… |
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Brent rises above $112 on Greece bailoutBrent crude rose above $112 a barrel on Monday, after Eurozone policy makers approved an emergency bailout for Greece and strong US economic data calmed fears of weakening demand in the world's largest oil consumer. Euro zone finance m More… |
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Outlook for precious metals ‘remains bullish’The outlook for the precious metals market remains extremely bullish, primarily as a consequence of the ongoing Eurozone crisis, said an expert. There are a range of compelling reasons to believe that the future price outlook for precious More… |
