Geithner phone friend at BlackRock
When Tim Geithner, US Treasury secretary, wants a first-hand account of how financial markets are interpreting government policies or reacting to the latest crisis, the man he turns to most often is Larry Fink of BlackRock.
Mr Fink, the group’s chief executive, featured more frequently in Mr Geithner’s diary during an 18-month period than any other corporate executive, according to a Financial Times review. The two men spoke on at least 49 separate occasions, an average of about once every 11 days.
Clarke’s trade rocket booster role
Ken Clarke, the veteran Conservative politician, is to head a drive to sell expertise from the NHS to China – where the growing healthcare market is forecast to be worth £400bn a year within the next decade.
Kickstarter branches out to UK
Kickstarter, the US crowdfunding website that helped give rise to obscure business ideas such as the Ostrich power nap pillow and The Lotus and the Artichoke vegan cookbook, has branched out to the UK. Kickstarter helps companies raise funds through individual donations.
Financial big guns to support Europe
International lenders will this weekend discuss an emergency lifeboat worth up to €15bn, aimed at preventing the Greek crisis from pushing vulnerable European countries to the east into deeper recession.
Marketers pay scamming price
Two companies have been fined a total of £450,000 as an industry regulator steps up its fight against online scams that target Facebook users with the offer of free iPads or supermarket vouchers.
The Daily Telegraph
China’s Lenovo biggest PC maker
China’s Lenovo Group has ousted Hewlett-Packard as the world’s largest PC maker, underlining the growing muscle of Asian technology companies.
UK visa system attacked
The government has come under fresh attack over the UK’s visa system which is discouraging wealthy tourists from Bric nations, in particular China. Tourism bosses have increased the pressure to ease arduous visa restrictions.
THE WALL STREET JOURNAL
Fatter paychecks at tech firms
There is at least one sign that the economy might be picking up: Paychecks are expected to jump 4.8 per cent on average in 2012 for chief executives and highest-level managers at technology firms.
China Eastern's taffic drops
China Eastern Airlines yesterday posted an 18 per cent drop in international passenger traffic in September from the previous month.