Shares in Asia and Europe have rallied on anticipation that Greece’s debt can be handled. The FTSE All-World index is up 1.7%. “Industrial bellweather, copper” is up 2.6%.
Daily archives: September 27, 2011
Volatility and Stability
Industrial metals such as copper, zinc and platinum had until recently escaped the volatility of the metals market — whatever the financial markets might do, these metals were connected to a real world of real demand: real contracts for electrical wiring, galvanised steel and catalytic converters in car exhausts. Yesterday, however, on the assumption of …
Tougher audits and tax rules on horizon
In the USA, attention is focusing on a tax loophole that is costing the US and other governments billions of dollars each year.