Mindful Money’s news round-up: Monday 22nd August 2011

22nd August 2011

Story of the day:

From the Telegraph, as it embarks on a new Five Year Plan China has signalled its intention to create its own domestic powerhouses, buying technology and whole companies from abroad to create national champions that it hopes can become global forces. This presents opportunities for nimble British companies prepared to take a chance on China.

China's economic vision can be a huge opportunity for UK firms

And the best of the rest:

In Reuters this morning, world stocks fell towards a recent 11-month low on Monday while the euro and oil prices slipped as concerns about a global economic downturn prompted investors to sell risky assets.

World stocks near 11-month low

The Wall Street Journal is discussing oil prices and why the price is falling, a rebel victory in Libya would likely put added downward pressure on oil prices, which are already falling amid concerns about the slowing economy, experts say.

Oil Prices Set to Slip if Rebels Win Libya

In the Telegraph, more detail on oil prices. It's one special relationship that has been looking increasingly rocky in recent months. US and UK oil prices have historically traded hand-in-hand, but the benchmark contracts have been growing apart for a while, and now seem to be living almost totally separate lives.

UK and US oil price split widens

From This is Money, more bad news for the UK, hard-up Britons are being hit by the sharpest squeeze on household budgets since the 2009 recession. Soaring inflation and the largest rise in debt levels for nine months saw almost 40 per cent of households suffer a deterioration of their finances over the last month.

Leave a Reply

Your email address will not be published. Required fields are marked *