Thus far we have taken a relatively sanguine view of the global economic and market fall-out from the political turmoil in the Middle East and North Africa. The fact that the unrest has spread to...

One argument put forward for the rally in the US equity market is that share buy-backs are booming. This argument has its theoretical shortcomings, especially if the share buy-backs are financed with...

Much of the coverage of the wider fall-out from the crisis in Egypt has focused on the potential impact on oil prices, but this threat to the global recovery is almost certainly exaggerated. Instead...

The price of gold has fallen in recent weeks as reduced safe haven demand has more than offset the increase in inflation fears associated with the rises in some other commodity prices and the renewed...