The AIC Financial Blog

GOLD MOVES QUIETLY HIGHER

Gold has been quietly rising in price, and enjoyed its fifth consecutive month of gains in May. The yellow metal, viewed by many investors as a ‘safe haven’ asset, has risen by some 12% since its December 2016 lows and now sits at US$1,265 per ounce. That said, it...

HOW BIG CAN A GIANT APPLE GROW?

HOW BIG CAN A GIANT APPLE GROW? Last week Apple reported a whopping US$52.9 billion of sales, and that’s just for one quarter. International revenues accounted for 65% of the total, and 63% came from the iPhone, way ahead of its Macs and iPads. Given its already giant...

VOLKSWAGEN RETURNS TO THE FAST LANE

The German car giant, Volkswagen (VW) at last seems to be emerging from the 2015 emissions crisis that has long cast a cloud over the business. Results for the first quarter of 2017 revealed profits of €3.4bn, up 44% compared with the first three months of last year;...

A TAXING TIME FOR TRUMP

After almost 100 days of waiting, US President Donald Trump finally announced his much vaunted tax reform plans last week. And they proved something of a damp squib. The broad plans included a cut to the corporate tax rate (down to 15%) and incentives for...

POUND BUCKS UP ON UK ELECTION NEWS

  The surprise announcement of a UK general election put a spring in the step of sterling, which jumped from US$1.25 to US$1.28. The pound has suffered since the Brexit vote in June 2016, when it fell from US$1.48 because of potential economic problems that...

MAY MAKES MARCH ON JUNE

Is the UK electorate bored of going to the polls? We’ll soon find out. After months of ruling out going to the polls before 2020, last Tuesday the UK Prime Minister Theresa May called a snap election on 8 June. With the support of the Labour and Liberal Democrat...

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