Egypt’s banks downgraded as crisis continues February 2, 2011 Major credit rating agencies have downgraded the ratings of Egypt’s biggest banks after days of violent protests have brought the north African nation to a halt. Moody’s has downgraded five banks, while rival agency Standard & Poor’s lowered its view on two. Moody’s, which on Monday downgraded Egypt’s sovereign debt rating to Ba2 and changed [...]
CITY MOVES | WHO’S SWITCHING JOBS March 2, 2011 Kinsey Allen International Sebastian Piggott has joined Kinsey Allen International (KAI), the global executive search firm, as a consultant. Piggott joins Kinsey Allen International’s fixed income practice to focus on senior sales and trading hires across credit, rates and foreign exchange. Piggott started his career in 1990 at Yamaichi International, and subsequently worked for Natwest [...]
Speculators seek out sanctuary from shock February 22, 2011 SHOCKS, both in the political and seismic sense, have driven flight into the US dollar and the Swiss franc as investors shy from risk. Headlines in recent weeks have been dominated by political unrest in north Africa and the Middle East, but Libya’s turmoil is the first time that a major oil producing country has [...]
Davos is over but volatility for the Swissie carries on February 1, 2011 WITH the end of the Davos conference last week, the Swiss franc lost 1.27 per cent of its value. While it would be nice to think of that as the direct result of thousands of politicians, financiers and journalists leaving, and so ending their spending on hotels, booze and so on, the reality was more [...]
Davos is over but volatility for the Swissie carries on February 1, 2011 WITH the end of the Davos conference last week, the Swiss franc lost 1.27 per cent of its value. While it would be nice to think of that as the direct result of thousands of politicians, financiers and journalists leaving, and so ending their spending on hotels, booze and so on, the reality was more [...]
Colgate and P&G report sluggish sales January 27, 2011 Procter & Gamble (P&G) and smaller rival Colgate-Palmolive were both hurt by sluggish sales in the US and Western Europe. P&G says it remains confident and expects shoppers to buy new, higher-priced products as the year progresses. Chief executive Bob McDonald said: “We believe that we’re in the midst of a recovery”. Profits at both [...]
Cross border transfers level out December 2, 2010 Foreign Direct Investment (FDI) is remaining flat as the year nears its end, after a long period of decline, according to the Organisation of Economic Co-operation and Development (OECD). The rate is still expected to fall this year, by around eight per cent, yet this is a significant improvement on the 43 per cent fall [...]
Cross border transfers level out December 2, 2010 Foreign Direct Investment (FDI) is remaining flat as the year nears its end, after a long period of decline, according to the Organisation of Economic Co-operation and Development (OECD). The rate is still expected to fall this year, by around eight per cent, yet this is a significant improvement on the 43 per cent fall [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 27, 2011 FINANCIAL TIMES POLICE TARGET “HACKTIVISTS” An online “hacktivist” group that brought down the websites of perceived opponents of WikiLeaks has itself become the target of an international police crackdown. The London Metropolitan Police arrested five men in connection with a recent spate of attacks by Anonymous, behind last month’s revenge assault on the websites of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 27, 2011 FINANCIAL TIMES POLICE TARGET “HACKTIVISTS” An online “hacktivist” group that brought down the websites of perceived opponents of WikiLeaks has itself become the target of an international police crackdown. The London Metropolitan Police arrested five men in connection with a recent spate of attacks by Anonymous, behind last month’s revenge assault on the websites of [...]