FTSE rises for fourth day in a row as miners offset a sharp decline for BP June 14, 2010 BRITAIN’S top share index closed higher yesterday for a fourth straight day, led by miners buoyed by firmer metals prices and offsetting a sharp fall in BP. The FTSE 100 index closed up 38.45 points, or 0.7 per cent, at 5,202.13, its highest close since 3 June. Mining stocks added the most points to the [...]
G20 GLOBAL BANK TAX PLANS May 27, 2010 Q. WHAT’S BEEN PROPOSED AT THE GLOBAL LEVEL? A. The IMF has proposed two new bank taxes: a financial stability contribution (FSC) would be linked to a resolution mechanism to pay for the fiscal cost of any future government support to the sector. Any further contributions would be raised by a financial activities tax (FAT) [...]
G20 GLOBAL BANK TAX PLANS May 27, 2010 Q. WHAT’S BEEN PROPOSED AT THE GLOBAL LEVEL? A. The IMF has proposed two new bank taxes: a financial stability contribution (FSC) would be linked to a resolution mechanism to pay for the fiscal cost of any future government support to the sector. Any further contributions would be raised by a financial activities tax (FAT) [...]
LISTED PRODUCT NEWS June 2, 2010 ISHARES LAUNCHES POLAND ETF IN US BlackRock’s exchange-traded fund division iShares yesterday launched a fund on NYSE Arca in the US which gives exposure to the Polish stockmarkets. The ETF tracks the MSCI Poland Investable Market index, which measures the performance of the top 99 per cent of equity securities listed on stock exchanges in [...]
UK factory growth hits a 16-year high May 4, 2010 ACTIVITY in Britain’s hard-hit manufacturing sector grew at its fastest rate last month since September 1994 thanks to a sharp increase in the growth rate of new exports, a leading survey showed yesterday. The Markit/CIPS manufacturing purchasing managers’ index (PMI) showed that factory activity rose to 58 in April from 57.3, well above the 50 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2010 FINANCIAL TIMES BACKLASH OVER INDIAN FLOAT RULES India is facing a growing private sector backlash against a rule change that will lead to a flood of more than $50bn of new shares being listed over three years. There are concerns that the move could damage the country’s stock market and hamper economic growth. The Finance [...]
The ex-Goldman man bringing his banking skills to the Olympics July 26, 2010 AS far as many people are concerned, ex-Goldman Sachs banker Paul Deighton has quite possibly the best job in the world. Today he’s precisely two years away from organising the most prestigious sporting event in the history of mankind, the Olympic Games. And so far it’s going swimmingly well, he says. And he’s still in [...]
G20 wary on China move to de-peg yuan June 20, 2010 GLOBAL politicians at the weekend cautiously welcomed China’s move to de-peg its currency from the US dollar for the first time in almost two years, bowing to international pressure a week before the G20 meets in Toronto. US President Barack Obama labelled the new policy a “constructive step”, although the response from Washington was muted [...]
After a slump and a court case the Virgin airline boss is ready for more August 30, 2010 Virgin Atlantic boss Steve Ridgway is still dealing with the fallout from the collapse of a price-fixing trial involving his airline. Despite not actually facing any charges, his firm, which has always styled itself as the people’s champion, was battered and bruised by the Office of Fair Trading (OFT) case, which alleged collusion between Virgin [...]
After a slump and a court case the Virgin airline boss is ready for more August 30, 2010 Virgin Atlantic boss Steve Ridgway is still dealing with the fallout from the collapse of a price-fixing trial involving his airline. Despite not actually facing any charges, his firm, which has always styled itself as the people’s champion, was battered and bruised by the Office of Fair Trading (OFT) case, which alleged collusion between Virgin [...]