FED ADDS AN EXTRA TWIST TO STIMULUS September 21, 2011 THE FEDERAL Reserve under Ben Bernanke (pictured)announced two new “twists” to its efforts to stimulate the ailing US economy last night, yet stopped short of declaring another phase of quantitative easing. “There are significant downside risks to the economic outlook, including strains in global financial markets,” the Fed said in a bid to justify its latest intervention. [...]
FED ADDS AN EXTRA TWIST TO STIMULUS September 21, 2011 THE FEDERAL Reserve under Ben Bernanke (pictured)announced two new “twists” to its efforts to stimulate the ailing US economy last night, yet stopped short of declaring another phase of quantitative easing. “There are significant downside risks to the economic outlook, including strains in global financial markets,” the Fed said in a bid to justify its latest intervention. [...]
Reaction | Focus on Vickers September 12, 2011 THE BUSINESS LEADER CONFEDERATION OF BRITISH INDUSTRY DR NEIL BENTLEY “The UK is going it alone on ring-fencing, so the government must rigorously examine how and when to implement these proposals, otherwise it risks damaging businesses and threatening growth. The Commission is right to recommend a flexible approach to ring-fencing and suggest a reasonable time frame for [...]
Eurozone needs to cut out the rot before it’s too late September 7, 2011 WHEREVER one looks, the signals are bad. The S&P 500 is down 14.5 per cent from its highest point of the year. The Vix, a measure of market turbulence, rose 9.4 per cent yesterday. Bank stocks tumbled everywhere. The Swiss franc went nuts when the authorities took the dramatic step to peg it to the [...]
Eurozone needs to cut out the rot before it’s too late September 6, 2011 WHEREVER one looks, the signals are bad. The S&P 500 is down 14.5 per cent from its highest point of the year. The Vix, a measure of market turbulence, rose 9.4 per cent yesterday. Bank stocks tumbled everywhere. The Swiss franc went nuts when the authorities took the dramatic step to peg it to the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 11, 2011 FINANCIAL TIMES JPMORGAN CHIEF SAYS BANK RULES ‘ANTI-US’ New international bank capital rules are “anti-American” and the US should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, has said. In an interview with the Financial Times, Mr Dimon said he was supportive of forcing banks to [...]
The rising star tasked with proving the Labour party isn’t anti-business October 30, 2011 WHEN I first met Chuka Umunna, shortly after his election in 2010, it was already clear he was one of Labour’s rising stars. But few thought the MP for Streatham would ascend through the ranks quite so quickly. At the time, he told me he would use his first term to learn the ropes as [...]
Summer of riots to take over Greece July 21, 2011 GREECE’S opposition Left Coalition party expects public anger over government austerity measures to rise to new heights after the summer and force a snap parliamentary election, its leader said yesterday. Often blamed by the socialist government for inciting violent protests in May and June, the smallest of five parties in parliament opposes the European Union/International [...]
Greek parliament passes vital austerity laws June 29, 2011 The Greek parliament has voted narrowly in favour of a critical five-year package of harsh austerity measures that will see it secure the next tranche of its international bailout. Ignoring unrest among Greek citizens, who are rioting in Athens against the reforms, the parliament voted 155-138 in support of prime minister George Papandreou’s Socialist government. [...]
Greek parliament passes vital austerity laws June 29, 2011 The Greek parliament has voted narrowly in favour of a critical five-year package of harsh austerity measures that will see it secure the next tranche of its international bailout. Ignoring unrest among Greek citizens, who are rioting in Athens against the reforms, the parliament voted 155-138 in support of prime minister George Papandreou’s Socialist government. [...]