Visa will let friends pay one another using credit, and debit cards, competing with PayPal. Is this the start of a new era in the use of plastic cards?
Apple Share price which saw a rebound later this week, suggests that they must now be feeling cautiously optimistic about Apple’s prospects, now that Steve Jobs has again departed.
US Mortgage rates have risen in the last week, with the average rate for 30-year fixed-rate mortgages climbing back to a level not seen since April of last year, according to Freddie Mac’s (FMCC) weekly survey of mortgage rates.
Brent Crude oil has risen to just over $100USD today, signifying an important psychological threshold on the world oil trading markets. Other oil prices have risen as well. Only this premium crude oil has reached this price, but other crudes are not far behind.
Mortgage hunters will be keenly looking at mortgage rate rates now as they consider whether to enter the market and buy a new home. We may be seeing a dip on a 30-year home loan after trending up for nearly three months. Early indications are that applications for U.S. home mortgages increased last week as […]
UK Charity Shelter housing and homelessness charity issues regular reports which gauge the extent which UK residents are experiencing financial pressures. Their latest press releases issued yesterday show a doubling of the number of people relying on their credit cards to pay their mortgage to 2 Million in UK. That’s almost a doubling in the […]
Britain is bracing itself for a rise in VAT from 17.5% to 20% on 4 January 2011. Chancellor George Osborne has said it is “unavoidable” given the UK’s present degree of indebtedness inherited from the previous Labour government after their 13 year term which ended in May 2010 and resulted in a coalition government with […]
China’s foreign trade was already predicted to hit a ground-breaking high this year while the world economy tries to stage a bullish recovery, and that now appears to be officially confirmed, yet the country’s exporters are probably going to come up against more trade barriers as global goverments strive to balance their economies. The total […]
David Cameron launched his ” Happiness Index ” today as he claimed the Treasury would from now on measure peoples’ quality of life as well as industrial expansion (known as the Gross Domestic Product – GDP). Starting next April, the Office for National Statistics will endeavour to build a database to measure the important areas […]
The German Chancellor Merkel’s announcement today that she was confident in the ability of the Euro to survive the current worries that, following Ireland’s expensive Euro 85Billion loan and politically damaging rescue package. With similar statements released by EU officials, this in itself, shows that the nervousness is very tangible. At the start of the […]