US foils Iran assassination plot October 11, 2011 The United States accused Iran yesterday of backing a plot to kill the Saudi ambassador to Washington, escalating tensions with Tehran and stirring up a hornets’ nest in the Gulf, where Saudi Arabia and Iran have long jostled for power. US authorities said they had broken up a plot by two men linked to the [...]
US stocks gain in thin trading before holiday July 3, 2012 US stocks extended a rally for a third day in a shortened trading session yesterday as sharp gains in oil prices lifted energy shares and traders factored in increased expectations for central bank stimulus. A raft of weak economic data has raised hopes that the European Central Bank will cut interest rates to a record [...]
Get ready for an Olympic summer of cyber attacks June 26, 2012 THE headline-grabbing words of warning from MI5 chief, Jonathan Evans, on Monday night dished up a timely reminder that the City could be in for a nervous summer. The comments, detailing the levels of cyber attacks on UK industry, have raised many eyebrows. It was the first speech from Evans in more than two years [...]
IEA says oil market is starting to turn a corner after record highs April 12, 2012 GROWTH in oil supply has outstripped rising demand for the first time since 2009, the International Energy Agency said yesterday, adding that it “detects a turning of the tide for market fundamentals”. Global supply is expected to grow by 0.7m barrels per day during the year, despite unplanned stoppages in the North Sea and elsewhere [...]
IEA says oil market is starting to turn a corner after record highs April 12, 2012 GROWTH in oil supply has outstripped rising demand for the first time since 2009, the International Energy Agency said yesterday, adding that it “detects a turning of the tide for market fundamentals”. Global supply is expected to grow by 0.7m barrels per day during the year, despite unplanned stoppages in the North Sea and elsewhere [...]
Obama’s campaign stumbles over claims he doesn’t feel economic pain June 13, 2012 AWEEK after the US Department of Labour announced the country had experienced its worst job growth for a year, President Barack Obama told the gathering herd of reporters at the White House that “the private sector is doing just fine.” Within an hour, Mitt Romney’s campaign had produced a web video. Within a day, the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 28, 2012 FINANCIAL TIMES Disclosure reprieve for activist investors Activist investors appear to have won at least a reprieve from new regulation that would force them to declare their hand earlier when building a stake in a company. The passage of the Jobs Act by Congress in March has forced the Securities and Exchange Commission to delay [...]
Group of 8 want all members to stay in the euro May 20, 2012 WORLD leaders backed keeping Greece in the Eurozone over the weekend and vowed to take all steps necessary to combat financial turmoil while revitalising a global economy increasingly threatened by Europe’s debt crisis. A summit of the G8 leading industrialised nations came down solidly in favour of a push to balance European austerity – an [...]
Oil’s recent surge may sink in sands February 20, 2012 TRADERS looking at the recent actions of the theocracy of Iran – which confirmed its ban on the sale of crude oil to the UK and France on Sunday – might be forgiven for assuming that the escalating tensions between it and the West are going to be the biggest factor impacting the price of [...]
Government to allow real-time internet spying April 1, 2012 PRIVACY campaigners yesterday reacted angrily to government plans to allow security services to monitor email exchanges and website visits in the UK. Legislation expected in next month’s Queen’s Speech is set to allow GCHQ to examine “on demand” any phone call made, text message and email sent and website accessed. Nick Pickles, director of the [...]