Carney welcomes nomination of former colleague Stanley Fischer as Fed vice chair January 10, 2014 Bank of England governor Mark Carney has shared some kind words for a former colleague, Stanley Fischer (pictured). Carney says that he is "delighted by the prospect of Stan Fischer re-joining the global community of central bankers" as Fischer was nominated to the position of Federal Reserve vice chairman by US President Barack Obama today. [...]
Here’s why 2014 could still prove a great year for Bitcoin bugs April 25, 2014 The past few months have proved to be a tough time for cryptocurrency Bitcoin. The MtGox exchange suffered a dramatic fall from grace, while the price of the digital currency has fallen by 37 per cent the year to date. However, things may be looking up for Bitcoin as venture capital money continues pour in [...]
Fischer eyed as next Fed vice chairman December 11, 2013 STANLEY Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to be the Federal Reserve’s next vice chair once Janet Yellen takes over as chief of the US central bank, a source said. Fischer, 70, is widely respected as one of the world’s top economists.
Do not think twice about calling in military, says PM February 11, 2014 DAVID Cameron has urged flood-hit communities not to think twice about calling on the armed forces for help as severe weather warnings remain in place across the south east. Water levels are set to rise further today as heavy rain falls on saturated ground. The Prime Minister said he wants local council leaders to make [...]
Letters to the editor – 14/01 – Cheap money, Housing crunch, Best of Twitter January 13, 2014 Cheap money [Re: Raise interest rates gradually or risk a much sharper swing of the pendulum, Friday] We need to ask ourselves what kind of a recovery is consistent with near-zero interest rates worldwide and continued quantitative easing (QE) in the US. If the US economy is adding hundreds of billions of dollars to GDP [...]
US markets surge as Iran deal fuels hope of trade November 25, 2013 BRENT crude prices fell only slightly yesterday as traders began to question how soon a nuclear deal between world powers and Iran could translate into higher supplies to global markets. The price of the international benchmark see-sawed during the day, trading down as much as $3 a barrel before closing at $111 a barrel, just [...]
What the other papers say this morning – 12 February 2014 February 11, 2014 FINANCIAL TIMES Planners seek cash for fast ruling Westminster Council has sought permission from the Treasury to accept cash payments from property developers to speed up their planning applications and resolve backlogs in what could become a template across London. In a joint letter to George Osborne the leader of Westminster council, deputy London mayor [...]
Apple snaps up Israeli 3D chip firm PrimeSense November 25, 2013 APPLE has bought Israel-based PrimeSense, a developer of 3D motion detection technology, the company said yesterday. An Apple spokesman confirmed the purchase but declined to say how much it spent. Israeli media reported that the figure was about $350m (£216.7m). “Apple buys smaller technology companies from time to time, and we generally do not discuss [...]
European cable operator Altice announces $1bn share sale plan January 7, 2014 ALTICE, a multinational cable and telecoms provider, yesterday outlined its intention to float on NYSE Euronext in Amsterdam. The company’s executive chairman Patrick Drahi, as well as other members of the management team, will sell sufficient shares to leave the group with a free float of around 25 per cent. Currently Drahi and some other [...]
UK efforts to nurture a tech startup revolution are worryingly trivial October 20, 2013 IF THE government thinks investing in Silicon Roundabout is the best way for the UK to produce the next Facebook or Twitter, it’ll be waiting a long time. As a Brit at the helm of a software company co-headquartered in California and Sheffield, I’m often asked my thoughts on what the UK should do to [...]