Sunday, 13 March 2011

Ambrose Evans-Pritchard

Ambrose Evans-Pritchard

Ambrose Evans-Pritchard has covered world politics and economics for a quarter century, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now International Business Editor in London.

LATEST FROM AMBROSE EVANS-PRITCHARD

Spain downgrade sparks storm over ratings

Moody's has reignited the storm of controversy over the power of rating agencies after it downgraded Spain, and warned that the bank clean-up will cost vastly more that claimed.

10 Mar 2011

'UK austerity plan averted gilts crisis'

The Government's austerity policies have restored investor confidence in UK public finances and may have averted a gilts crisis, according Britain's top debt manager.

10 Mar 2011

EU paralysis drives fresh bond rout

Political paralysis in Brussels and monetary tightening by the European Central Bank has set off a fresh spasm of the eurozone bond crisis, pushing spreads on Portuguese, Irish and Greek bonds to post-EMU records.

09 Mar 2011

Oil markets brace for Saudi 'rage'

Those exhorting OPEC to boost output should be careful what they wish for, writes Ambrose Evans-Pritchard. Playing the cartel card risks exposing the fragility of the global energy system.

08 Mar 2011

Flat-Earth ECB misreads oil spike again, and kicks Spain in the teeth

The European Central Bank has once again risen to the bait. Faced with an oil supply shock that deflates incomes, it plans to tighten the vice yet further with a knee-jerk rate rise in April.

07 Mar 2011

European Central Bank prepares rate rise as global tide turns

The European Central Bank has surprised markets by signalling a rate rise as soon as next month, brushing aside warnings that this may compound damage from the oil shock and push EMU debtor states deeper into crisis.

04 Mar 2011

Saudi contagion triggers Gulf rout

Fears of sectarian uprisings in Bahrain and Saudi Arabia have set off the first serious wave of investor flight from the Gulf.

02 Mar 2011

German-Irish brinkmanship raises EMU stakes

German bail-out fatigue and fierce resistance to EMU "rescue creep" threaten to derail a eurozone deal, with another risk added by today's talks on the new criteria for EU bank stress tests.

02 Mar 2011

Surging US orders raise worries

The US economy has already begun to hit capacity constraints in some industries as business orders reach the highest level since the start of the Reagan boom in the early 1980s.

28 Feb 2011

Will 'Chindia' rule the world in 2050, or America after all?

With a small tweak in assumptions and the inexorable force of compound arithmetic, Citigroup and HSBC have come up with radically different pictures of what the world will look like in 2050.

28 Feb 2011

Saudi offers $36bn to prevent uprising amid $220 oil warning

The king of Saudi Arabia last night announced $36bn of benefits for his people in an attempt to stop unrest spreading to the world’s biggest oil exporter, as experts warned oil could hit $220 a barrel.

24 Feb 2011

Oil 'could hit $220 a barrel'

Oil prices hit two-year highs amid concerns that the violent power struggle in Libya will spark further unrest in other major producing nations.

23 Feb 2011

All eyes on Bahrain as Gulf tremors frighten oil markets

Oil analysts are paying very close attention to fast-moving events in Bahrain, fearing that clashes between the island’s Sunni elite and an aggrieved Shi’ite majority could embroil the Gulf giants of Iran and Saudi Arabia.

22 Feb 2011

Oil shock fears as Libya erupts

The spectre of full civil war in oil-rich Libya and reports of the creation of an Islamic emirate in the country's "Barqa" region has moved the Mid-East crisis into a more dangerous phase, setting off an explosive rise in US crude prices.

22 Feb 2011

Oil shock fears as Libya erupts

The spectre of full civil war in oil-rich Libya and reports of the creation of an Islamic emirate in the country's "Barqa" region has moved the Mid-East crisis into a more dangerous phase, setting off an explosive rise in US crude prices.

21 Feb 2011

Germany must choose EMU fusion or fission

For the sake of peripheral nations, Mrs Merkel has to stop paying lip-service to monetary union.

20 Feb 2011

Bahrain killings bring turmoil to oil epicentre

Escalating violence in the Persian Gulf and North Africa have raised widespread concerns over the stability of global oil supplies for the first time since the Mid-East turmoil began.

18 Feb 2011

Spain's astonishing co-op takes on the world

As Britain’s David Cameron embraces the ideal of worker co-operatives, a remarkable hi-tech variant with global operations is already thriving in the industrial heartland of Northern Spain.

16 Feb 2011

Obama tests bond markets with mega-deficits

US President Barack Obama faces a stiff battle with Republican foes in Congress after unveiling plans for $7.2 trillion (£4.5 trillion) of deficit spending over the next decade.

14 Feb 2011

Danger signal as UK services optimism plunges

Confidence among British companies tumbled in January as fiscal tightening began to bite and stagflation fears took hold, raising the spectre of a double-dip downturn.

14 Feb 2011

UK jobs 'reckoning' hits in first quarter

British employers are stepping up the pace of job cuts while average pay in the public sector is likely to be cut this year, but there are tentative signs that the private sector is starting to pick up the growth baton.

14 Feb 2011

Vibrant exports will save Spain, and perhaps the euro

Nestled in the lush hills of the Basque Country – literally amid birdsong and Pyrennean lambs – a very young company called Industria de Turbo Propulsores (ITP) makes low-pressure turbine engines for half the world’s big passenger jets.

13 Feb 2011

Mid East markets recover on Egypt's optimism

Investors brushed aside concerns that violent protests in the gas-rich state of Algeria and further demonstrations in Yemen could destabilise the region or threaten oil supplies.

13 Feb 2011

Spain orders drastic caja debt clean-up

Spain has imposed draconian rules on its saving banks and is preparing for part-nationalisation of the industry to boost its defences against contagion from the debt crisis in Portugal.

10 Feb 2011

Einstein was right - honey bee collapse threatens global food security

The bee crisis has been treated as a niche concern until now, but as the UN's index of food prices hits an all time-high, it is becoming urgent to know whether the plight of the honey bee risks further exhausting our food security.

06 Feb 2011