Zloty is looking less dodgy as stimulus policy boosts Poland September 15, 2009 ON THE face of it, things are looking a bit dodgy for the Polish zloty at the moment. Last week, the currency sunk against the euro. The euro has strengthened against the currency, rising to 4.16 zloty today from 4.0864 on 7 September. On top of this, there was a failed government bond auction last [...]
CBI boss Richard Lambert can see early signs of economic recovery November 19, 2009 THE worst is over for the British economy. At least, that was the message from Richard Lambert, the Confederation of Business Industry’s (CBI) thoughtful director-general, when we meet. “We have finally hit the deck,” he tells me, leaning forward. “Things are a lot better now than in the first quarter of this year. Where we [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 29, 2009 FINANCIAL TIMESHRE CHIEF BACKS HARSH CONDITIONS FOR SUPPORTThe chief executive of Hypo Real Estate says that a German government plan to enforce a controversial “squeeze-out” of minority shareholders next week is the only option for the troubled bank. Axel Wieandt said the move – which will deprive shareholders of a chance to recover further value [...]
A Tobin tax would destroy London without making the world safer November 8, 2009 It is imperative that Gordon Brown’s proposals to levy a Tobin tax on financial transactions be defeated. Such a tax would be a disaster: it would endanger Britain’s economic interests and do nothing for ordinary taxpayers or the stability of the financial system. Championing such a scheme reflects a failure to engage with the real [...]
CENTRAL BANK POLICIES ARE DIVERGING August 19, 2009 GEORGE TCHETVERTAKOVHEAD OF MARKET RESEARCH, ALPARI UK LOOKING at macroeconomic events over the past few weeks, it is becoming increasingly clear that central banks around the world are considering different monetary policy frameworks going forward. Over the past 18 months, many central banks were forced to follow similar policies of cutting interest rates as quickly [...]
A poor economic backdrop will see UK stocks trail their overseas peers October 20, 2009 IT’S hard to be optimistic about Britain’s economy. It lags behind both France and Germany in exiting recession and a sharp contraction in industrial output in September cast doubt over how positive third quarter GDP data – released this Friday – will be. A slow and protracted recovery lies ahead, according to the Bank of [...]
Quantitative easing: time for a break August 5, 2009 IT IS A CASE of two steps forwards, one step backwards for the UK economy. Today’s good news was that house prices are stabilising, with a strong survey from the Halifax; we also had a great purchasing managers index for services, suggesting that crucial sector is growing once more. But there is also plenty of worrying [...]
OECD warns recovery will be slow in UK June 29, 2009 THE ORGANISATION for Economic Cooperation and Development (OECD) yesterday called on the government to devise a more “ambitious” schedule to rebalance the budget and warned that the UK’s recovery will be slow. In a report on the economy, the leading think tank warned that unemployment will rise to 10 per cent in the UK, and [...]
OECD warns recovery will be slow in UK June 29, 2009 THE ORGANISATION for Economic Cooperation and Development (OECD) yesterday called on the government to devise a more “ambitious” schedule to rebalance the budget and warned that the UK’s recovery will be slow. In a report on the economy, the leading think tank warned that unemployment will rise to 10 per cent in the UK, and [...]
THINK HARD BEFORE YOU GO INTO LAW August 18, 2009 SPEAKER’S CORNERDES HUDSONCHIEF EXECUTIVE, THE LAW SOCIETY NOBODY who reads the legal press can fail to have noticed recently that the legal profession is feeling the pain of the recession. Solicitors are facing tough times and there are fewer places for newly-qualified solicitors than there have been for years. Becoming a solicitor is still a [...]