Romney and Obama battle over tax and restrictions on abortion November 4, 2012 THE UNITED States tomorrow faces a decision between two Ivy League-educated men who will have to deal with a massive deficit, troubled overseas military operations and renewed concerns over America’s place in the world. The two candidates offer radically different tax policy – President Barack Obama supports letting income tax cuts on the highest earners [...]
Romney and Obama battle over tax and restrictions on abortion November 4, 2012 THE UNITED States tomorrow faces a decision between two Ivy League-educated men who will have to deal with a massive deficit, troubled overseas military operations and renewed concerns over America’s place in the world. The two candidates offer radically different tax policy – President Barack Obama supports letting income tax cuts on the highest earners [...]
FTSE up despite regulatory probes December 6, 2012 The FTSE 100 was up in early trading, rising 0.4 per cent to break through the important 5,900 barrier, with some of the main share price moves driven by regulatory investigations. Rolls-Royce fell heavily after admitting that it was co-operating with the Serious Fraud Office on a probe into potential corruption and bribery at its [...]
Technology alone can’t save businesses from the threat of cyber criminals January 9, 2013 BRITAIN’s national security is in peril. According to a report released yesterday by the House of Commons Defence Select Committee, the threat to British IT systems from cyber attack is both rapidly evolving and increasingly significant. And it’s hard not to be convinced of the potential for disaster. In 2010, a highly-sophisticated computer worm known [...]
FTSE spikes in afternoon trading on US December employment boost January 3, 2013 BRITAIN’S FTSE rallied in the afternoon yesterday, as encouraging economic data out of the United States provided the momentum to lift the index to fresh 17-month highs. The FTSE 100 had edged lower in morning trade, but added 0.3 per cent in 15 minutes after the release of data showing that US private-sector employers added [...]
Royal Dutch Shell has $1bn debt to Iran March 25, 2012 ROYAL Dutch Shell is struggling to pay off $1bn (£630m) that it owes Iran for crude oil because European Union and US financial sanctions now make it almost impossible to process payments. The oil major owes a large sum to the National Iranian Oil Company for deliveries of crude, with one putting the figure at [...]
Eastern dragon threatens to bite September 17, 2012 IF YOU think that the world’s financial ills have all been resolved, think again. Lingering geopolitical tensions in the east have the potential to shake markets, and could sting traders if they are not positioned appropriately. THE DRAGON ROARS Today marks the anniversary of the invasion of Manchuria, when Japanese forces invaded a northern region [...]
Eastern dragon threatens to bite September 17, 2012 IF YOU think that the world’s financial ills have all been resolved, think again. Lingering geopolitical tensions in the east have the potential to shake markets, and could sting traders if they are not positioned appropriately. THE DRAGON ROARS Today marks the anniversary of the invasion of Manchuria, when Japanese forces invaded a northern region [...]
Eni still owed $1bn worth of oil by Iran March 23, 2012 Eni, Italy’s biggest energy company, is demanding more than $1bn (£632m) worth of crude oil by Iran, despite the EU banning oil imports from the country. EU governments with existing contracts to import crude from Iran can continue until July 1. However Eni was excused because it does not buy oil from Iran but receives [...]
BNP and Credit Agricole start internal law-breaking probes August 27, 2012 ITALIAN bank UniCredit became the latest bank to admit it is under investigation by the US authorities for breaching Iranian sanctions, making public statements over the weekend. And French banks BNP Paribas and Credit Agricole both revealed they are carrying out internal probes into potential breaches of US regulations – although they would not say [...]