A leading fund manager has recently said that investors may be better off buying oil than gold. Trevor Greetham stated this when speaking to the British newspaper, the Daily Telegraph. Mr Greetham, the portfolio manager of Fidelity’s multi-asset funds, told the Telegraph that gold performed best at times when the dollar is weak and worldwide [...]
Posted in Featured Post, Gold Bullion 
Tags: asset funds, daily telegraph, Gold, gold bullion, gold price, investors, manager, Oil, personal finance, price 
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Prices of oil have risen as concerns over supply overshadowed a pledge from Saudi Arabia, which came on Tuesday, that it would increase its output by a quarter if necessary. In an effort to lower worries, the Saudi Arabian oil minister, Ali al-Naimi, said on Tuesday that Saudi Arabia is “ready and willing to put [...]
Posted in Economy, Featured Post Tags: Asian news, brent crude oil, Business, christine lagarde, Economy, Finance, Oil, oil prices, oil prices rise, personal finance, Promise, Saudi, Saudi Arabia, small businesses, Supply No Comments »
Analysts in the US are forecasting that gas prices will surpass $4 per gallon by May this year. They also say that prices of gas are already near record highs for this time of year. In early February, the national average hit $3.48 a gallon, the highest price in history for that point in the [...]
Brazil has become the sixth-largest economy in the world, the nation’s finance minister has announced. Finance Minister Guido Mantega has also said that the country’s economy is now worth $2.5tn – it grew by 2.7% in 2011, according to official figures. A number of economic forecasters have also said that Brazil has overtaken the UK [...]
The average price of unleaded petrol in the UK recently hit a record high of 137.44p per litre, industry analysts Experian Catalist have said. The new record level, which came towards last month’s end, is just above the average of 137.43p which was reached last spring. Petrol prices have been pushed upwards by prices of [...]
Posted in Featured Post, Finance Tags: brent crude oil, Business, Economy, Finance, litre, money, Oil, personal finance, petrol, petrol prices, Record, small businesses, uk economy, uk petrol price, uk petrol prices, unleaded petrol No Comments »
Nigeria’s ex-corruption chief Nuhu Ribadu has stated that he views his new watchdog role as a national calling – Ribadu was recently appointed as the chair of a new task force to police the nation’s oil sector. The former corruption chief, who also stood for president in 2011, will have a 21-member team that will [...]
Posted in Economy, Featured Post Tags: African news, Economy, Finance, fuel subsidy, nigeria, Nigerian, nigerian citizens, Nuhu, Oil, personal finance, subsidy, subsidy removal, watchdog role No Comments »
Indian organisation Essar Energy (Public, LON:ESSR) has seen one quarter of its market value wiped off following a decision by India’s Supreme Court which stated that the firm couldn’t defer tax payments. The share price of Essar declined by 26% to a level of 127 pence on Tuesday of this week – this is an [...]
Posted in Featured Post, Finance Tags: Business, Essar, Finance, government of gujarat, investors, london stock exchange, Oil, refined oil products, Ruling No Comments »
Nigerian leader Goodluck Jonathan has announced an instant reduction in fuel costs after a week of strikes in the nation, which took place because petrol prices doubled following the government’s removal of a fuel price subsidy on January 1st. Jonathan stated that prices would drop by about 30% to 97 naira a litre (approx. $0.60 [...]
Posted in Featured Post, Finance Tags: Africa, African news, corrupt government officials, Cost, goodluck jonathan, litre, nigeria, Oil, oil prices, personal finance, subsidy, subsidy removal No Comments »
Talks last week between the government of Nigeria and trade union leaders in the African nation, over the axing of fuel subsidies, have failed to result in a compromise. Planned strikes by oil workers meanwhile, which were scheduled for Sunday, were also suspended by Nigeria’s trade unions, to allow for further talks with officials. The [...]
The price of crude oil rose sharply amid optimism over the global economy, as well as fears about the current tension in the Middle East. Brent crude was up by $4.89 on the day, closing at $112.27 a barrel and US crude also rose by $4.13 to $102.96. Hopes for a recovery in the global [...]
Posted in Economy, Featured Post Tags: Auto, Draft, Economy, missile test, Oil, oil price rise, price, price of crude oil No Comments »
Chinese Internet Sites Hit By Anonymous Attack 
Investors’ Better Off Buying Oil Than Gold, Says Leading Fund Manager 
James Murdoch Leaves Chairman Post At BSkyB 
Sentiment Of Canada’s Small Businesses Rises For Seventh Consecutive Month 
New Website Aims To Become Big Player In The Daily Deals Market 
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