After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Household finances still being squeezed with no end in sight August 20, 2014 BRITISH households saw no end in sight to the UK’s earnings squeeze this month, despite a significantly improved outlook for employment. According to data firm Markit’s latest household finance index, released yesterday, families’ cash availability had declined at the most rapid pace in half a year during the current month. The headline index, which measures the [...]
Domestic boost for UK industry in second half August 20, 2014 A BOOST to industrial orders this month is bucking expectations for a slowdown in the second half of the year, according to a major UK business body. The Confederation of British Industry (CBI) released its latest survey yesterday morning, with 29 per cent of manufacturers reporting stronger orders than usual, against 18 per cent suggesting that orders [...]
Millions join the self-employed working boom August 20, 2014 A RECORD number of Britons are self-employed, official figures showed yesterday, with older workers particularly likely to work for themselves. The flow of workers becoming self-employed has held steady – around 37 per cent began working for themselves in the past five years. The overall total is 4.6 million. And the number leaving, either to take employment [...]
De Kirchner lays out Argentina’s debt swap plan August 20, 2014 THE ARGENTINIAN government revealed draft legislation yesterday, with measures that would allow Buenos Aires to circumvent the US legal ruling that had brought the country to a technical default. President Cristina Fernandez de Kirchner announced the move, which would allow bondholders which could not currently access their repayments to swap the debt for securities not [...]
Export increase for Japan raises hopes for third quarter growth August 20, 2014 JAPAN’S exporters recorded a welcome jump in sales this July, with outward trade up by 3.9 per cent since the same month last year, a positive signal after a sales tax hike was brought in by the government earlier this year. Imports to the country also grew in the year to July, up by 2.3 [...]
Dreary month for Eurozone’s building firms August 20, 2014 THE EUROZONE’S construction sector recorded another slump in June, driven by a decline in Spain, according to official figures released yesterday. Overall, construction output dropped by 0.7 per cent from May alone, and by 2.3 per cent from the same month last year. Spain, which has seen extremely rapid growth in the construction industry over [...]
KPMG calls for moratorium on EU bank rules August 20, 2014 THE EUROPEAN Parliament is dealing with an unmanageable thicket of new red tape, and should stop planning any rules for the next three years in order to deal with the backlog, KPMG consultants argued in a report published today. Scrapping the planned financial transactions tax would be a good start, according to the report’s author Jeremy Anderson. [...]
Europe’s banks told to let light into every unit around the globe August 20, 2014 EUROPEAN banks must publish a break down of their financial strength in each country and in each different business unit, the European Banking Authority (EBA) said yesterday. The biggest banks face stress tests to see if they have rebuilt their capital buffers and cut risk-taking since the financial crisis. The templates published yesterday showed the [...]
Carlsberg share price dips as Russian tension takes the fizz out of profits August 20, 2014 Copenhagen-listed brewer Carlsberg saw its shares fall as much as 4.6 per cent during trading yesterday after warning its 2014 profit would drop due to the deteriorating Russian market. The Danish firm, which generates 35 per cent of its profits from Russia, said it now expected operating profit to fall by low- to mid-single digit [...]
Heineken shares rise as World Cup helps to offset eastern woes August 20, 2014 Shares in Heineken rose nearly seven per cent yesterday after the Dutch brewing giant played down concerns over Russia and delivered better-than-expected beer sales in the Americas, Africa and the Middle East. The company said group beer volumes were up 3.1 per cent in the first six months, thanks in part to the World Cup [...]