HS2 protesters take fight to the Supreme Court October 13, 2013 CAMPAIGNERS against High Speed 2 will take their case to the Supreme Court this week in their latest attempt the derail the transport project. The HS2 Action Alliance (HS2AA) and a group of local councils will tomorrow start their latest appeal against the decision to go ahead with the £46.2bn rail link, in a case [...]
Fear of default in Argentina June 17, 2014 ARGENTINE markets stabilised yesterday as some investors gambled that the country would find ways to stave off a default, despite suffering a major defeat in the US Supreme Court where a small group of creditors won an order for full compensation from a 2001 default. President Cristina Fernandez de Kirchner said yesterday: “What I cannot [...]
What the other papers say this morning – 26 June 2014 June 25, 2014 FINANCIAL TIMES Fed warns banks of tougher tests The Federal Reserve has warned banks in the US that tests of their ability to survive a financial crisis will be made tougher – with new risk assessments and regular checks to ensure they fix any weaknesses identified in the process. Fed governor Daniel Tarullo, who is [...]
Argentina looks to restructure debt as default looms June 18, 2014 Argentina is looking to escape another sovereign debt default by placing its restructured debt under local law instead of US law, to bypass the US supreme court decision that saw the Latin American country facing the repayment of $15bn in debt in one chunk. The supreme court ruled for the hedge funds Argentina has been [...]
Argentina warns of default on debt repayments at end of June June 19, 2014 ARGENTINA’S government warned yesterday that it could not afford to pay its creditors at the end of this month, threatening a default after the US Supreme Court opted not to hear the country’s case again earlier this week. The decision left the government with a $1.33bn (£780m) bill to pay at the end of the [...]
Argentina faces default: Debt deadline set for 30 July July 23, 2014 The deadline looms: 30 July is the day when Argentina either pays up or faces the furies of default, inflation and destitution. The New York court where Argentina has been fighting its battle to avoid paying a group of hedge fund creditors (known collectively as NML) has ruled that Argentina cannot have another stay of [...]
Argentina’s mismanaged economy: Default drama should be back again soon July 31, 2014 INVESTORS always seemed too optimistic that Argentina was going to solve its now-confirmed debt default, as the saga has wound over the past year. First, investors seemed to believe that the US Supreme Court would come to the rescue as a final appeal. More recently, investors believed a deal with the holdouts – bondholders who [...]
Film review: Selma depicts a pivotal moment in Martin Luther King’s life February 6, 2015 Cert 15 | ★★★★☆ Selma does what Lincoln did so successfully and what Long Walk to Freedom made the mistake of not doing – instead of compressing a great life into two small hours, Ava DuVernay’s Martin Luther King biopic depicts a pivotal fragment of that life, one in which the greatness of the whole [...]
Part owners win whistle-blower rights in ruling May 21, 2014 A LANDMARK judgement by the Supreme Court yesterday confirmed that limited liability partnership (LLP) members are entitled to the same whistle-blowing rights as other employees. The ruling, which determined that former Clyde & Co employee Krista Bates Van Winkelhof can claim status as a whistleblower despite owning a part of the firm, may have wide-ranging consequences [...]
City Moves for 20 May 2014 | Who’s switching jobs May 19, 2014 IO The multi-let industrial estates management firm has announced the appointment of Oliver Bowditch to handle acquisitions. He joins from JLL, where he focused on providing valuation advice to banks, institutional investors and property companies. BDO The accountancy and business advisory firm has appointed Chris Bellairs as a partner in its financial services practice. He [...]