FTSE lifted as miners report robust output July 17, 2013 BRITAIN’S FTSE 100 rose yesterday, with miners cheered by a string of solid output numbers from the likes of BHP Billiton, and with the US Federal Reserve reassuring that stimulus will only be cut if the economy is strong. Fed chairman Ben Bernanke signalled plans to start scaling back bond purchases this year could be [...]
Stocks edge up on Bernanke’s QE assurances July 17, 2013 US stocks ended modestly higher yesterday after Federal Reserve chairman Ben Bernanke said the timeline for winding down the organisation’s stimulus programme was not set in stone. Shares of Bank of America and Yahoo rose after both companies reported stronger-than-expected quarterly results. Both ranked among the names giving the biggest boost to the S&P 500. [...]
Designing forward guidance could be tricky despite current MPC unanimity July 17, 2013 MARK Carney has had a lucky start as governor of the Bank of England. Business surveys and labour market data suggest that the UK economy continues to grow and has probably picked up momentum. He has narrowly avoided having to write his first explanatory letter to the chancellor, with inflation coming in at below 3 [...]
A transparent system of company ownership would attract business to the UK July 17, 2013 DIGGING down to find out who is really in control of a company – and to whom the profits are going – is not easy. A raft of clever tricks is available to those who, for one reason or another, might want to hide their ownership or association. Why is this a problem? The World [...]
Heathrow expansion is our best option and it doesn’t have to be loud July 17, 2013 AS THE deadline for submissions to the Airports Commission looms, we’ve seen a flurry of proposals from all who stand to benefit from one scheme or another to increase capacity. For businesses who simply want easier connections to high growth markets, fewer delays, and less burdensome flight taxes, it is tempting to settle for any [...]
Letters to the editor – 18/07 – Taxes and benefits, NHS accountability, Best of Twitter July 17, 2013 Taxes and benefits [Re: It’s nonsense to argue our tax and benefits system hits the poorest hardest, Tuesday] Ryan Bourne is right that taxes and benefits should not be considered in isolation, but he should go further. Our system is a mess. Politicians have added numerous rules and exemptions, creating a mish-mash that does not [...]
‘Appy days – App Store at 5 July 17, 2013 Alex Dymoke looks back at the five year history of Apple’s revolutionary online shop THE app was unleashed on the world with a typically smart advertising campaign from Apple. A niggling problem in your daily life? There is, they assured us, an app for that. “A what for what?” was the reaction from most people [...]
Review: The latest generation of MacBook Airs July 17, 2013 Apple has a new MacBook Air and it looks… just like the old one. But there is more going on than meets the eye. Here is the lowdown on how Apple just made the best laptop on the market even better, says Steve Dinneen. ■ Battery life | If this was the only change in [...]
It’s Rooney or nothing for us this summer, says Mourinho July 17, 2013 CHELSEA manager Jose Mourinho has declared forward Wayne Rooney is the only player he is interested in luring to Stamford Bridge this summer. The Blues lodged an official bid for the England star yesterday and insist none of their own first team players were offered in exchange, after it was suggested midfielder Juan Mata or [...]
Golf Comment: Rose can make it consecutive Majors July 17, 2013 A GLANCE through the list of winners at previous Opens held at Muirfield shows that this course is one that tends to reward only the very best players, and that is reflected in my tips for this year’s championship. Last month’s US Open triumph at Merion constituted a huge breakthrough for Justin Rose, and I [...]
