Soaring costs of oil and gold set alarm bells ringing around the world
Article Abstract:
Oil prices have doubled since the beginning of 1999, reaching a high of $23 per barrel, while the price of gold has also risen substantially. Prices for other commodities, particularly metals, have been rising too. Indeed, the Commodity Research Bureau index rose 7.1% in the third quarter of 1999, the largest rise since the second quarter of 1998. The rise in commodity prices is affecting manufacturing industry, with UK input prices rising 3.7% year-on-year in Aug 1999, the largest rise since Dec 1995.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Single currency sparks thriving eurobond market
Article Abstract:
The launch of the euro has had a positive impact on Europe's rapidly expanding bond market. The volume of new euro issues rose by 43% in the second quarter of 1999 from the year-earlier period, and the Bank for International Settlements believes that the euro was a key factor in the 58% rise in long-term international debt securities in the first quarter of 1999 to a record $415 billion. There has been particular growth in corporate bond issuance.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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