Serenity and decadence at Dubai’s hottest new hotel June 12, 2011 DUBAI seems an unlikely place for a relaxing holiday at first. Even 2,700 feet up, at the top of the Burj Khalifa tower, the whirr of cranes and speeding Jeeps in every direction makes the sea view throb with activity. My guide points past the hollow half-built skyscrapers jutting across the city skyline to the [...]
HSBC settles US class action over Madoff June 7, 2011 HSBC said it has agreed to pay $62.5m (£38m) to settle a class action brought against it in the United States over its role in providing administrative services to a fund that placed cash with Wall Street swindler Bernard Madoff. The action was brought by investors in Thema International Fund, which transferred a net $312m [...]
HSBC agrees $62.5m Madoff lawsuit settlement June 7, 2011 HSBC said it agreed to pay $62.5m (£38.1m) to settle a class action brought against it in the US over its role in providing administrative services to a fund which placed cash with Wall Street swindler Bernard Madoff. The action was brought by investors in Thema International Fund, which transferred a net $312 million to [...]
CBI rallies behind Plan A but calls for pro-growth agenda… June 6, 2011 NEW Confederation of British Industry president Sir Roger Carr praised the “rigour and transparency” of chancellor George Osborne’s deficit reduction plans yesterday, yet warned that the government must do more to boost growth. The Centrica chairman urged the coalition to cut personal taxes and avoid any repeat of the “counter-productive” hike in North Sea oil [...]
ALSO OUT THIS WEEK | FILM, MUSIC, GAMES June 2, 2011 FILM LAST NIGHT Dull tale of minor middle class marital strife with Keira Knightley and Sam Worthington. SCREWED Noel Clarke is the protagonist in this tough but seen-it-all-before Brit prison flick. MAMMUTH A tremendous performance from Gerard Depardieu in this original French comedy. DVD JUST GO WITH IT Just avoid this hideous rom com with [...]
Onions relishing the chance to shed his forgotten man tag with England’s Lions May 18, 2011 INTERNATIONAL cricket is a merciless, unforgiving environment that stands still for no one, and nowhere is that better illustrated than the career of Graham Onions. England’s forgotten man will take his most significant step yet towards reclaiming his Test place today when he turns out for the Lions in a four-day tour match against Sri [...]
Milton Friedman was wrong: There is such a thing as a free breakfast May 9, 2011 IN ASSOCIATION with GFT, next Thursday City A.M. is hosting a free workshop on contracts for difference (CFD) and currency trading. The speakers will be the regular City A.M. columnists David Morrison, GFT’s market strategist, and Boris Schlossberg, GFT’s director of currency research. It is taking place on Thursday 19 May at The Grange St [...]
Milton Friedman was wrong: There is such a thing as a free breakfast May 9, 2011 IN ASSOCIATION with GFT, next Thursday City A.M. is hosting a free workshop on contracts for difference (CFD) and currency trading. The speakers will be the regular City A.M. columnists David Morrison, GFT’s market strategist, and Boris Schlossberg, GFT’s director of currency research. It is taking place on Thursday 19 May at The Grange St [...]
Protests, earthquakes, wars and bailouts. But no love for the dollar May 3, 2011 THROUGHOUT 2011, we have had sustained periods of uncertainty in the money markets. In the past, uncertainty and turmoil have given rise to rallies for the greenback as a result of investor flight into the safety and liquidity of this safe haven currency. Continued turmoil in the Middle East, concerns over the ongoing European sovereign [...]
Tory MP calls for tough new law on strikes April 26, 2011 A CONSERVATIVE MP yesterday proposed new legislation that would ban strikes by transport and emergency workers unless 50 per cent of unionised employees vote in favour of industrial action. Dominic Raab, MP for Esher & Walton, used the 10-minute rule procedure in the House of Commons to call for a change in the current law, [...]