UK banks follow US lead in tightening credit
13th February 2008 by

The Bank of England’s quarterly survey of corporate credit conditions, published today, shows that...

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US banks tighten as the Fed eases
10th February 2008 by

The US Fed has dramatically cut interest rates by 1.25% recently. But as it eases, so US banks seem ...

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CEO confidence falls
24th January 2008 by

CEOs seem to be following CFOs in worrying about the impact of the credit crunch and debt crisis. Th...

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$100 crude – US manufacturing close to recession
2nd January 2008 by

Oil prices touched $100/bbl today, a new record in nominal and inflation-adjusted terms. At the same...

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What next for the credit crunch?
2nd January 2008 by

For the chemical industry, much depends on whether the US economy goes into recession during 2008. T...

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2008 economic outlook
19th December 2007 by

Yesterday the European Central Bank opened its doors and lent €349bn to 390 banks seeking to shore...

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Chemicals & the Economy – the first 6 months
14th December 2007 by

It is now almost 6 months since I started writing this blog. And I thought you might like some feedb...

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Rolling thunder and Penn Square Bank
14th August 2007 by

When I worked with ChemConnect in the halcyon days of the dot-com era in 1999-2000, we had a fantast...

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Interesting Quotes (2)
12th August 2007 by

Credit market problems intensified last week, even though stock markets rallied strongly until Wedne...

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Subprime: a many-headed Hydra
10th August 2007 by

Yesterday, the ECB (European Central Bank) provided an unprecedented €95bn into the region’s cre...

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