In Stanley Gibbons’ world famous London stamp shop, collectors marvel at the rare “plate 77 penny red” stamp while turmoil rages far away in the financial markets. The rare stamp, seen as the holy grail of stamps from Great Britain, costs nearly $900,000 – a sizeable investment and one that an increasing number of investors are considering as an alternatives to today’s unstable markets.
Rising oil prices have displaced Greece as a source of investor anxiety, a new HSBC report says, warning that if the trend of rising oil prices persists, a fragile economic recovery in the developed world could quickly be derailed and inflation could return to emerging markets.
Preparations for Londonâ€™s 2012 Olympic Games remain on time and under budget, the UKâ€™s Minister for Sport and the Olympics said in a quarterly report released on Tuesday, with more than 500 million pounds ($793 million) of contingency funds as yet untouched.
The steep rise in oil prices due to concern over cuts in supply from OPEC member Iran is the single-biggest risk to the performance of Asian markets, Kelvin Tay, Chief Investment Strategist, Singapore UBS Wealth Management told CNBC on Friday.
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CNBC looks at how the computer systems in F1 cars have made their way into regular vehicles.
FIA President Jean Todt discusses his start with the Ferarri team and the current problems facing F1.
F1 experts discuss whether the quieter engine sounds are making the sport less attractive.
Rebecca Patterson, Bessemer Trust, and Michael Ryan, UBS, discuss Carl Icahn's warning for the markets, and provide their outlook on the markets and economy. I think the most "critical risk" for the globe right now is deflation, says Ryan.
We still have the drag on low oil and the strong dollar but those are likely to fade over time, says Michael Gapen, Barclays, sharing his outlook on the markets and economy.
The "Worldwide Exchange" crew discusses the morning's top attention-grabbing headlines, including an article in The Wall Street Journal on the failure of U.S. economic policies, and an article written by Andrew Ross Sorkin for New York Times Magazine about President Obama's economic legacy.