IMF: Europe and US face weak growth September 6, 2010 ECONOMIC growth will likely remain weak both in Europe and the United States, despite recent strong growth figures in Europe, and Germany in particular, IMF chief economist Olivier Blanchard said in remarks published yesterday. A US slowdown would have an automatic impact on growth in Asia in the short term but “decoupling” between emerging market [...]
Fed should be prepared to embark on a new stimulus blitz, says ex-vice chair September 6, 2010 THE Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the US economy, the former vice chairman of the central bank said. Donald Kohn, who retired as vice chairman last week, told the New York Times in an interview published yesterday that the economy was [...]
Lidl loses UK managing director after one year September 6, 2010 LIDL UK managing director Frank-Michael Mros is understood to have stepped down from his post. According to reports in Germany, where Lidl is based, Mros, who replaced Marcel Oosterwijk last summer, stepped down from the post last week. Lidl declined to comment yesterday. His appointment was controversial as he was the previous boss of Germany [...]
Car sales plunge by 17.5pc September 6, 2010 UK Car sales plunged by 17.5 per cent in August compared with the same month last year. The Society of Motor Manufacturers (SMMT) data showed that sales had dropped for a second consecutive month after a 13.2 per cent fall in July. Howard Archer of Global Insight said: “In contrast, new car registrations had increased [...]
REH to offload German wind farms September 6, 2010 Britain’s Renewable Energy Holdings (REH) will sell its German wind farms for just under 40m euros (£33m) to pay off debts and pump more money into Polish and Welsh projects. The news sent shares in REH, which have slumped 64 percent this year, were up almost ren per cent to 9.75 pence following the announcement. [...]
REH to offload German wind farms September 6, 2010 Britain’s Renewable Energy Holdings (REH) will sell its German wind farms for just under 40m euros ($54m) to pay off debts and pump more money into Polish and Welsh projects. The news sent shares in REH, which have slumped 64 percent this year, up almost TEN percent to 9.75 pence at 0816 GMT. Windpark Kesfled [...]
easyJet passenger numbers up in August September 6, 2010 Budget airline easyJet carried 5.2m passengers in August – a rise of 8.4 per cent from the 4.8m people it carried a year earlier. The airline’s load factor – which measures the number of passengers against available seats – was up by 1.5 percentage points to 86.9 per cent.
Asian stock buoyed by US jobs data September 6, 2010 Asian stocks touched one-month highs after the latest US jobs data pacified for now investors who worried a second recession in the world’s biggest economy was nigh. Investor relief that the US employment report was not as bad as some had thought tempered demand for traditional safe-havens such as gold and government debt. But investors [...]
BOOST FOR CITY AS FIRMS HIRE AGAIN September 5, 2010 MORE than 800 new staff are to be recruited by PricewaterhouseCoopers (PwC) as the professional services giant bounced back from recession with a revenue rise. The firm will today announce that it has bounced back from the global financial crisis strongly as it releases its results for the year to the end of June. The [...]
Tube staff to strike at 5pm today September 5, 2010 COMMUTERS are facing severe disruptions to travel plans this evening as 10,000 London Underground (LU) staff launch a day of industrial action at 5pm. Transport for London (TfL) and Mayor Boris Johnson have pledged to keep the capital moving during the strike period, which is expected to last until 9pm tomorrow and affect all lines [...]