Credit Suisse banker hit by £210,000 fine March 14, 2012 THE FINANCIAL Services Authority (FSA) has fined Nicholas Kyprios, head of European credit sales at Credit Suisse in London, £210,000 for improper market conduct in disclosing client confidential information ahead of a significant bond issue in November 2009. The regulator’s fine follows on closely from a series of punishments handed out to a number of [...]
Iran halts oil exports to six European states February 15, 2012 Iran has stopped oil exports to six European states in retaliation for European Union sanctions imposed on the Islamic state’s key export, its English-language Press TV has reported “Iran cuts its oil exports to six European countries,” Press TV reported. Brent crude oil prices were up $1 a barrel to $118.35 shortly after the announcement. [...]
Iran halts oil exports to six European states February 15, 2012 Iran has stopped oil exports to six European states in retaliation for European Union sanctions imposed on the Islamic state’s key export, its English-language Press TV has reported “Iran cuts its oil exports to six European countries,” Press TV reported. Brent crude oil prices were up $1 a barrel to $118.35 shortly after the announcement. [...]
UK service sector in boost April 4, 2012 Britain’s dominant services sector saw surprisingly strong business growth in March and struck an optimistic tone about the months ahead, providing a further sign that economic recovery is taking hold. Combined with unexpectedly solid growth in manufacturing and construction last month, the expansion in the services sector takes further pressure off the Bank of England [...]
EU set to phase ban on Iran’s oil January 12, 2012 COMMODITIES fell broadly yesterday, with oil tumbling in a late sell-off on the news that Europe would phase a ban on imports of Iranian oil, part of the latest Western efforts to increase pressure on Tehran over its nuclear programme. EU diplomats had said a consensus was emerging to grant a grace period before banning [...]
Energy stocks lift FTSE March 26, 2012 Energy stocks gave the FTSE 100 index renewed impetus in early trading but gains were limited by weaker miners and banks. Fears over China’s growth are still casting a shadow over commodity stocks while banks are still struggling to maintain upward momentum. Aberdeen Asset Management was the top riser, up 2.4 per cent as the [...]
Wenger faces Uefa action over Milan referee jibes March 7, 2012 ARSENAL manager Arsene Wenger is facing the possibility of Uefa sanction for the third time in a year after he confronted referee Damir Skomina following his side’s 3-0 win over AC Milan in the Champions League on Tuesday night. The Gunners boss, who was banned from the touchline for the first three matches of this [...]
Argentina to sue UK oil groups March 15, 2012 ARGENTINA has given its sternest warning yet that British oil explorers in the Falklands are no longer welcome in what it claims as its sovereign territory – but the UK government says it will back companies’ right to drill. Argentine foreign minister Hector Timerman (pictured) called the activities “illegal” and “illegitimate” at a news conference yesterday. [...]
We need peace and free trade – not crazed war-mongering April 2, 2012 PEACE and prosperity, fuelled by free trade and open markets: that is what the world needs. In the main, that is what it is getting, to a degree unprecedented in modern history and fuelled by modern communications. So it is terribly disappointing that the Argentine government seems so desperate to inflame tensions between itself and [...]
We need peace and free trade – not crazed war-mongering April 2, 2012 PEACE and prosperity, fuelled by free trade and open markets: that is what the world needs. In the main, that is what it is getting, to a degree unprecedented in modern history and fuelled by modern communications. So it is terribly disappointing that the Argentine government seems so desperate to inflame tensions between itself and [...]