THE European Union (EU) is determined to wrest control of euro, European securities and derivatives trade from London. Indeed the City, is already experiencing leakages.
EU Financial Services commissioner Mairead McGuinness has said that Brussels will not grant Britain’s financial … Read the rest
THE 2020 surge in investment and speculative holdings of gold is a mixed blessing for price prospects this year.
The reason is that investors have been taking profits after the heady price increase in 2020. They originally purchased gold because … Read the rest
The gold surge and Covid-19 lockdowns are hurting Asian and other jewellers. Traditionally, India and China have been big buyers of the metal. But after the start of the latest bull phase in mid-2019, many more Western investors are buying, … Read the rest
Global debt It is expected to surge to over 342 per cent of GDP or $270 trillion. Much depends on the length of the pandemic and depth of recession
EXTENSIVE global debt is likely to impede economic growth once the … Read the rest