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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Spain is cutting 27bn euros from its budget in 2012 as part of one of its harshest austerity initiatives in history, the country’s government has announced. Changes are to include freezing salaries for public sector workers, and lowering departmental budgets by 16.9%. Spain’s Deputy Prime Minister, Soraya Saenz de Santamaria, said the country was in [...]
Authorities in Dubai have launched an investigation into Groupon Middle East (Public, NASDAQ:GRPN), following a large number of complaints because of the company’s poor customer service. Hundreds of complaints have been made against the daily deals giant after customers saw major delays to their orders. Groupon Middle East is currently registered in Dubai Media City, [...]
The price of a first-class stamp in the UK will increase from 46p to 60p from the 30th of April this year, after the regulator lifted some of the price controls on Royal Mail. Prices of second-class stamps will also rise – they will move from 36p to 50p, just 5p beneath the top price [...]
George Osborne, the chancellor of the UK, has announced that the tax rate for earnings above £150,000 will be cut, as part of his 2012 budget. He also said that the top rate of tax, known as the 50p tax rate, raised “next to nothing”. Osborne is also set to raise the threshold at which [...]
Posted in Economy, Featured Post Tags: budget, child benefit, drop, duty, Economy, household budgets, labour leader, personal finance, stamp, Top, uk chancellor, uk economy No Comments »
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 »
The national minimum wage in the UK is set to go up by 11p, to reach a level of £6.19 per hour, the nation’s government has announced. The rise will take effect in October of this year. This increase will see minimum wage climb by 1.8% from its current level, which is lower than the [...]
Posted in Featured Post, Finance Tags: Finance, inflation measure, jobs news, level, minimum wage in the uk, minimum wage increase, October, personal finance, rate, uk economy No Comments »
The Mexican telecoms mogul Carlos Slim has topped Forbes’ annual list of billionaires for the third year in a row. According to latest reports, his personal fortune stands at US$69 billion. Bill Gates, one of the co-founders of Microsoft (Public, NASDAQ:MSFT), is in second place with $61 billion, and investor Warren Buffett is in third [...]
Posted in Featured Post, Finance Tags: bill and melinda gates foundation, Bill Gates, Finance, forbes annual list of billionaires, lakshmi mittal, latin american news, Man, melinda gates foundation, money, personal finance, personal wealth, Third, warren buffett, Wealth, wealth news, Year No Comments »
The American economy added an extra 227,000 jobs during the month of February, while the nation’s rate of unemployment remained at a level of 8.3% – the lowest level for almost three years. The US Labor Department has also revealed that job-creation figures for December 2011 and January of this year were even better than [...]
Switzerland is moving closer towards putting higher tax rates into place for the 5,000 wealthiest foreign residents in the nation. The country has previously been well known for having low rates of tax. The upper house of Switzerland’s parliament had already approved a bill yesterday to introduce new tax measures. The suggested new law is [...]
Posted in Featured Post, Finance Tags: bill, Council, Finance, formula 1 racing, LAW, money, personal finance, rich foreigners, singer phil collins, Switzerland, tax, taxation, taxes, Wealth, wealth news No Comments »
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Investors’ Better Off Buying Oil Than Gold, Says Leading Fund Manager 
James Murdoch Leaves Chairman Post At BSkyB 
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New Website Aims To Become Big Player In The Daily Deals Market 
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