Coffee is shaping up to post a strong monthly close which bolsters my medium-term bullish view. Moreover, while not my core scenario, I would not rule out a significant spike in prices over the coming months, as has happened in the past. My colleagues at Business Monitor Online recently alluded to this potential in late… [Read more]
There’s been quite a lot of commentary in the media of late about Turkey emerging as a global power. This seems to have been prompted by the increasingly assertive positions on a variety of issues (eg standing up to Israel over the Gaza blockade, and vetoing new UN sanctions on Iran) adopted by Prime Minister… [Read more]
Bob Dudley is set to take over from Tony Hayward on October 1. BMI‘s Head of Oil and Gas Analysis, Holly Pattenden, talks to Gwen Ifill of PBS’ The Newshour about the leadership switch, the company’s liability in the oil disaster, and prospects for survival.
On this week’s businesss monitor podcast, we assess the state of the European banking sector on the back of the EU-wide stress test results released on July 23. BMI’s Head of Country Risk and Financial Markets Justin Patrie, along with Head of Europe Analysis Mark Schaltuper and Europe Analyst Chris Graham, dissect the methodology of… [Read more]
That the long awaited results from the EU bank stress tests (released late on July 23) failed to move the markets substantially should come as little surprise. For the stress test results to cause a major re-pricing of assets in the short run, one of two scenarios would have had to take place. On the… [Read more]
The world’s largest manufacturer of construction equipment, Caterpillar, has announced impressive Q2 2010 results, with net profit almost doubling compared to Q2 2009 as a result of strong sales and revenues growth. Increased demand for machinery was the underlying growth driver, with cost-cutting boosting the bottom line. The company is often considered a bellwether for… [Read more]
Through the second quarter of 2010, many analysts noted a divergence between seemingly positive microeconomic data and a macroeconomic outlook which was flagging a renewed downturn in growth. A seemingly strong recovery in container shipping in particular augured well for global demand and trade. On this week’s Business Monitor Podcast, BMI’s Head of Shipping and… [Read more]
