Sunday, 10 April 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

Safe nuclear does exist, and China is leading the way with thorium

A few weeks before the tsunami struck Fukushima’s uranium reactors and shattered public faith in nuclear power, China revealed that it was launching a rival technology to build a safer, cleaner, and ultimately cheaper network of reactors based on thorium.

20 Mar 2011

Evans-Pritchard: Japan risks crunch

Japan is in imminent danger of a credit-crunch with global implications unless the authorities stabilise Tokyo's stockmarket and take overwhelming action to stop the yen exploding to record levels.

17 Mar 2011

Twin threats of Japan and Gulf stalk global recovery

As catastrophe at home prompts Japan to repatriate chunks of its vast wealth, it is pulling the rug from under stock and bond markets thousands of miles away.

15 Mar 2011

Banks have £1,600bn exposure to EU sick club

The total exposure of foreign banks to the struggling quartet of Greece, Ireland, Portugal and Spain tops $2.5 trillion (£1.6 trillion) once all forms or risk are included, according to the latest data from the BIS.

14 Mar 2011

Total German triumph as EU minnows subjugated

The Iron Chancellor of Germany could not have been clearer. “Whoever wants credit must fulfill our conditions“.

13 Mar 2011

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