For some analysts it’s a sign of economic rebound
US small–cap stocks rise
ap
Even as major indexes have touched the levels of a bear market, some analysts are actually finding some signs in the performance of small-company stocks that might be pointing to the early stages of a much broader recovery.
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volatile but with potential
While small-caps are known for being volatile, they are also the asset class that has the best potential for fast growth. The fact that they are often in niche industries helps them to withstand even a bad economy. There is evidence that rising inflation might even be an advantage for...
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US labour report
Employers cut 62,000 more jobs
WASHINGTON — Employers cut payrolls by 62,000 in June, the sixth straight month of US job losses, underscoring the economy’s fragile state. The unemployment rate held steady at 5.5 percent.
The latest snapshot of business conditions, released by the Labour Department yesterday, showed continued caution on the part of employers...
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aerial accident that killed 113 people in 2000
Continental to trial over Concorde tragedy
PARIS — A French judge ordered Continental Airlines and five people to stand trial for manslaughter in connection with the 2000 crash of a Concorde jet that killed 113 people, a prosecutor said yesterday.
French investigators have long said that the crash was caused in part by a titanium strip from...
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Attempt to rein in escalating inflation
European Central Bank hikes rates
FRANKFURT — The European Central Bank raised its benchmark interest rate yesterday by a quarter percentage point to 4.25 percent in an effort to rein in escalating inflation in the 15-nation euro zone.
The move comes despite worries in some quarters that it could dampen growth, but ECB President Jean-Claude...
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prices spiral upwards
The great debate on speculation and oil
reuters
Oil’s rally to records well above US$140 a barrel has stirred a heated debate about the role played by speculators in commodity markets.
From the outset, oil futures markets have included participants unrelated to physical crude, but a rising tide of money from investors, chiefly pension funds, has fuelled arguments the...
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