The horror and dread of a work Halloween bash October 27, 2010 DEAR VEXED: As part of a team-bonding initiative, our office is having its own Halloween party on Friday. It’s seen as an important event and has been scheduled for some time. The worst thing is that costumes are mandatory. I loathe Halloween, I hate the idea of wearing a costume and I’m frozen with fear. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 20, 2010 FINANCIAL TIMES TRICHET OPPOSES DEAL IN EU BUDGET Jean-Claude Trichet, president of the European Central Bank, has refused to endorse the full package of Eurozone sanctions decided by European Union finance ministers this week. The revelation came amid mounting criticism in Germany of a compromise deal that Angela Merkel, the chancellor, agreed with Nicolas Sarkozy, [...]
Second probe into E&Y over Lehman Brothers collapse October 4, 2010 THE accounting watchdog yesterday opened a second investigation into auditor Ernst & Young (E&Y) over its auditing of failed US investment bank Lehman Brothers. The probe will examine what E&Y told UK regulators about how Lehman Brothers was complying with client asset protection rules. “The Accountancy and Actuarial Discipline Board (AADB) has begun an investigation [...]
Ferrari to learn fate in team orders probe September 7, 2010 FERRARI will discover today whether they will be punished further for using banned team orders. The Italian team were fined $100,000 (£65,100) after Felipe Massa appeared to move over to let team-mate Fernando Alonso past him on his way to winning the German Grand Prix. The case was subsequently referred to the World Motor Sports [...]
FOREIGN EXCHANGE NEWS September 14, 2010 fxcm enhances automated trading Automated trading has become increasingly popular among foreign exchange traders and online forex and CFD provider FXCM has this week launched Strategy Trader, a free, all-in-one automated forex trading solution that allows clients to code strategies, perform advanced back tests, run detailed optimisation analysis, and execute trades from a single platform. [...]
Germany’s largest steel firm quits Iran September 23, 2010 GERMANY’S biggest steelmaker ThyssenKrupp has joined a growing list of businesses which have withdrawn from Iran in response to ever-harsher sanctions against the Islamic Republic. ThyssenKrupp said it would freeze all new business immediately and terminate existing contracts as soon as possible. It is the latest in a series of German companies to cut ties [...]
FSA fines RBS for deficient money laundering controls August 3, 2010 THE ROYAL Bank of Scotland has been slapped with a record £5.6m fine by the Financial Services Authority (FSA) for failing to adequately screen customers and payments to prevent its banks – RBS, NatWest, Ulster Bank and Coutts – from being used for money laundering or the financing of terrorist activities. In December 2007 to 2008, [...]
FSA fines RBS £5.6m over risk controls August 3, 2010 THE Financial Services Authority (FSA) fined Royal Bank of Scotland £5.6m for major breaches in its risk controls which could have facilitated terrorist financing. The FSA said that RBS, which is 83 per cent-owned by the British government, did not have adequate systems and controls in place to prevent breaches of UK financial sanctions. “By [...]
Team orders rule under review as Ferrari escape further rap September 8, 2010 FORMULA ONE’S ban on team orders is to be reviewed at the end of the season after motor racing chiefs decided not to impose further sanctions on Ferrari for breaching regulations at the German Grand Prix. The Italian team were fined $100,000 (£65,100) for appearing to use a coded message to inform Felipe Massa to [...]
Team orders rule under review as Ferrari escape further rap September 8, 2010 FORMULA ONE’S ban on team orders is to be reviewed at the end of the season after motor racing chiefs decided not to impose further sanctions on Ferrari for breaching regulations at the German Grand Prix. The Italian team were fined $100,000 (£65,100) for appearing to use a coded message to inform Felipe Massa to [...]