Moody’s sees rising risk of Greek default March 7, 2011 MOODY’S delivered a jolt to Eurozone bond markets yesterday by downgrading Greece three notches to B1 – a lower rating than Egypt – and assigning the sovereign a “negative” outlook. The yield on Greece’s three-year debt reached highs not seen since the government had to be bailed out last May, spiking to 16.8 per cent, [...]
Yen faces bleak long-term prospects May 31, 2011 IG INDEX CHRIS BEAUCHAMP The yen suffered a sharp drop on Tuesday following a double-whammy of bleak news for the Japanese economy. It fell initially after a report on April’s factory output showing growth was even lower than forecast, at 1 per cent rather than 2.2 per cent, and then retreated even further after Moody’s [...]
What the other papers say this morning February 28, 2011 FINANCIAL TIMES ITALIAN BANKS GO FOR GOLD IN MOVE TO TRANSFORM CORE CAPITAL RATIOS Italian banks think they may have struck gold as they seek to add lustre to balance sheets ahead of the summer stress tests. The lenders, which are shareholders in the central bank, are lobbying for their stakes to be marked to [...]
Businesses need help to export February 8, 2011 More needs to be done to get British companies exporting, the British Chambers of Commerce (BCC) said today. In a survey of 8,000 companies, nearly 70 per cent were not current or likely exporters, it said. And among companies that do export, 15 per cent still face difficulties accessing trade finance and insurance. Most businesses [...]
Gulliver: Commercial banking is our DNA May 11, 2011 HSBC unveiled a strategic overhaul yesterday that will see the bank cut up to $3.5bn (£2.14bn) in costs, cut “subscale” retail operations and review its presence in 39 countries. “We are not going to try to be all things to all people in all markets,” said chief executive Stuart Gulliver as he launched a plan [...]
CLICK TO SAVE: WEBSITES THAT STOP YOU LOSING OUT February 16, 2011 THE internet is tearing up many traditional business models, bringing down costs, along with barriers to information-sharing and market entry. We look at four sites that could change your life (or at least your bank balance): BILLMONITOR.COM This new mobile phone comparison website uses technology developed over the last four years by Oxford University statisticians. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 28, 2011 FINANCIAL TIMES HOLLYWOOD MAKEOVER FOR YOUTUBE Google is deepening its ties with Hollywood by enlisting top stars to supply original content for YouTube in a bid to boost profits and user engagement at the company’s online video site. Google has been making the rounds of Hollywood’s biggest talent agencies, outlining plans to create a network [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 28, 2011 FINANCIAL TIMES HOLLYWOOD MAKEOVER FOR YOUTUBE Google is deepening its ties with Hollywood by enlisting top stars to supply original content for YouTube in a bid to boost profits and user engagement at the company’s online video site. Google has been making the rounds of Hollywood’s biggest talent agencies, outlining plans to create a network [...]
Aviva loses its European chief January 19, 2011 Insurer Aviva is replacing its head of Europe for the second time in 18 months, after Andrea Moneta left the firm. Britain’s second-biggest insurer by market value said Moneta, the former chief financial officer at Italy’s UniCredit Group and ECB employee, would leave the company at the end of February. Igal Mayer has been appointed [...]
Commodities drive FTSE 100 higher as prices tempt buyers March 17, 2011 COMMODITY stocks powered a bounce in Britain’s top shares by close yesterday, as heavy selling this week made equities look attractive from a technical perspective, with volatility set to persist. The FTSE 100 index closed 97.88 points or 1.8 per cent, higher at 5,696.11. It had fallen in each of the previous six sessions and [...]