Q & A : OBAMA’S REGULATORY PROPOSALS June 17, 2009 Q. WHAT IS THE KEY MEASURE?A. Perhaps the most radical reform is that the Federal Reserve will adopt the role of a systemic risk supervisor with responsibility for the oversight of large firms that could pose a threat to financial stability, even those which do not own banks. Q. HOW DO THE REFORMS AFFECT CAPITAL [...]
Undervalued peso poised to benefit from US recovery August 11, 2009 GIVEN the poor state of Mexico’s economy, you might think that its currency, the peso, would be suffering. Hit hard by global recession and falling oil prices, the real economy is expected to shrink by 5.5 per cent in 2009 while the country’s industrial production is contracting month-on-month. And even the country’s growing tourist industry [...]
Undervalued peso poised to benefit from US recovery August 11, 2009 GIVEN the poor state of Mexico’s economy, you might think that its currency, the peso, would be suffering. Hit hard by global recession and falling oil prices, the real economy is expected to shrink by 5.5 per cent in 2009 while the country’s industrial production is contracting month-on-month. And even the country’s growing tourist industry [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 7, 2009 FINANCIAL TIMES RECESSION INCREASES SUICIDE AND MURDERUnemployment and recession add to the death toll from suicide, murder and heart attacks but cut the number killed in road accidents, according to the most comprehensive analysis so far of the health effects of economic downturn. Researchers at Oxford University and the London School of Hygiene and Tropical [...]
Money supply makes world go round June 29, 2009 NOT since the 1980s have the Bank of England’s monthly monetary statistics been this closely followed in the City. Yet money has always mattered and has always moved markets – and had economists and investment bankers spent more time monitoring this data in the noughties, it might have been a little more obvious to them [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 16, 2009 FINANCIAL TIMES NATIONAL EXPRESS IN DEBT TALKSNational Express is in talks with bankers to renegotiate terms on part of its £1.2bn debt amid fears that the bus and rail operator will breach loan conditions in December. The group is expected to pass a key test of whether it is meeting the terms of its debt [...]
Optimists start to look towards cyclical equities June 7, 2009 SPREAD betting on individual equities or sectors is a tricky task, especially at the moment when the timing of an economic recovery is still not entirely certain. Overall sentiment is picking up but companies are still downbeat about their future prospects – so how can spread betters try to make sense of the equity markets [...]
ABI: there is still faith in City bosses June 8, 2009 PUBLIC fury over the financial crisis and “fat cat” bonuses has failed to derail confidence in bosses at the City’s major companies, the Association of British Insurers (ABI) will claim today at its biennial conference. The ABI will unveil the results of a major national survey on economic sentiment suggesting that the majority of people [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 15, 2009 FINANCIAL TIMESBLU-RAY SALES FAIL TO OFFSET DECLINE OF DVDHollywood’s expensive bet on Blu-ray technology has failed to prevent a sharp decline in home entertainment sales, dealing a blow to the film industry as it grapples with the global economic downturn. The industry’s revenues fell by more than $2.6bn in 2008 as sales of standard DVDs [...]
CITY VIEWS: DOES ANDY HORNBY DESERVE TO BE MADE CHIEF EXECUTIVE OF ALLIANCE BOOTS? June 10, 2009 ANDREW SWAN AON“Everyone needs a job, don’t they? The fact is that he was clearly fairly good at his job despite what happened at HBOS and it would be wrong for him to take the blame for everyone else at the bank. Alliance Boots wouldn’t have given him the chief executive role if he wasn’t [...]