Bernanke vow on stimulus cheers Wall St February 27, 2013 NEW YORK REPORT US stocks rallied for a second straight day yesterday as Federal Reserve chairman Ben Bernanke reaffirmed his strong support for the Fed’s stimulus efforts, while the euro climbed after solid demand at an auction of Italian government debt. Data on US housing and durable goods added to bullish sentiment in stocks, with [...]
How a finance masters could land you a job February 27, 2013 Just don’t expect it to do all the work DEMAND for masters in finance graduates is rising. According to the latest data from the Graduate Management Admissions Council (GMAC), 39 per cent of employers will be looking to hire one this year, up from 32 per cent in 2012. And as competition for roles heats [...]
Forget Italy: Fiscal union is unlikely to mend the euro’s defective heart February 27, 2013 WHEN the European Central Bank announced last year that it would do “whatever it takes” to save the euro, many assumed the crisis was over. This week’s Italian election has already shown that an unexpected event could easily throw off balance Europe’s preferred solution. But there is a more important issue at stake. The Eurozone [...]
The end of too big to fail is fast approaching but there is more left to be done February 27, 2013 I AM a supporter of free enterprise, yet I represent an industry that has been the biggest recipient of a state bail-out in British history. It is something that critics of banks have never ceased to remind me. “Tell me,” said an old colleague, “why the banks’ profits are privatised, but their losses are nationalised”. [...]
Bank of Dave Two: How one man took on the FSA and won February 27, 2013 I NEVER wanted to be a banker. But back in 2008, my minibus company in Burnley had a problem. My customers were coming to me for new buses, and needed finance to buy them – as they had done for 20 years. As soon as the credit crunch hit, however, the banks suddenly stopped lending [...]
Letters to the Editor February 27, 2013 Negative interest [Re: Negative interest rates are the last thing the economy needs, yesterday] Driving down the nominal interest rate below zero (and the suggestion that Britain will see further quantitative easing) shows just how strongly the Bank of England supports the UK’s debt economy. The whole system encourages consumers to borrow money and penalises anyone [...]
MWC special February 27, 2013 For the last four days, tech giants have been unveiling their latest creations. We pick out the very best 1 Firefox OS Mozilla, of Firefox browser fame, launched a smartphone platform. The UK will see its first Firefox handsets from 2014. Price: tbc, mozilla.org 2 Sony Xperia Tablet Z Sony claims its latest tablet is [...]
Welcome to the greatest mobile phone show in the world February 27, 2013 Once a year, everyone who’s anyone in mobile phones sets up camp in a mammoth conference centre in Barcelona for Mobile World Congress (or MWC to its friends). Think Davos, except rather than being filled with politicians and economists, there are people who have been hired to dress up as a giant phone. The show [...]
Benitez blast at board and fans leaves job in doubt February 27, 2013 FA CUP MIDDLESBROUGH 0 vs CHELSEA 2 CHELSEA boss Rafael Benitez plunged his immediate future at Stamford Bridge into doubt last night, after launching an astonishing attack on the club’s fans and board, believing the supporters hold an unhelpful agenda against him and that holding the title of interim manager is a massive mistake. Benitez, [...]
Pistorius substance was herbal aid for muscles and sex stamina February 27, 2013 THE MYSTERY substance found at the home of Paralympic star and murder suspect Oscar Pistorius that sparked accusations of doping was a herbal muscle recovery aid, his representatives said yesterday. The substance was named as Testis Compositum, which is also marketed as a “testosterone booster” and a treatment for “symptoms associated with male sexual weakness”, [...]
