After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
SOC GEN’S ROGUE TELLS HIS SIDE OF THE STORY May 4, 2010 MILLION-dollar profits and banking “orgies” sound nice and juicy at the best of times, but especially so when they involve a tell-all book penned by a man at the centre of some of the most high-profile rogue trading allegations ever to rock the financial world. Jerome Kerviel has made a household name of himself after [...]
CITY EYE May 4, 2010 A bottle of wine is selected for tasting from the 45,000 original contenders nestled at the Barbican centre for the International Wine Challenge event.
BP shares dive in oil spill fallout May 4, 2010 OIL giant BP has seen saw its shares lose further ground after it admitted the fall out of the major oil spill in the Gulf of Mexico was costing $6m (£3.95m) per day. Its shares tumbled over four per cent as it warned that the battle to get the disaster under control could take three [...]
Manufacturing in fastest growth for 15 years May 4, 2010 BRITISH manufacturing activity grew last month at its fastest rate in more than 15 years, a survey of purchasing managers has shown. The Chartered Institute of Purchasing and Supply/Markit manufacturing PMI rose to 58.0 in April from an upwardly revised 57.3 in March. That was well above the consensus forecast and the highest reading since [...]
UBS profits up as talks over new City office announced May 4, 2010 UBS has reported a big increase in profits after seeing its investment banking business recover from the financial crisis. The bank said it made a profit of 2.2bn Swiss francs (£1.3bn) in the first three months of the year. That compares with a loss of nearly 2bn Swiss francs this time last year, when UBS [...]
Standard Chartered in record quarterly profit May 4, 2010 STANDARD Chartered has reported record first quarter profits – fuelled by a strong wholesale banking and improving consumer banking In wholesale banking, which includes advisory, trade finance and other investment banking business, client income was up over 20 per cent on the first quarter of 2009. The bank, which does not publish full quarterly results, [...]
Cable targets high earners May 3, 2010 POLITICAL EDITOR VINCE Cable is considering plans to publish the names of anyone earning over £200,000 at a publicly listed company. The Liberal Democrats have already unveiled similar proposals for those working in the banking industry, but in an exclusive interview with City A.M. Cable said there was an argument for applying such a regime [...]
US boost for global economy May 3, 2010 PROSPECTS for the global economic recovery received a welcome boost yesterday as growth in the US manufacturing sector crept to a six-year high. The news sent the S&P climbing 15 points to nudge back over the 1,200 mark, offsetting much of last week’s 20 point drop. The ISM manufacturing index rose to 60.4 in April, [...]
EC to rein in derivatives May 3, 2010 EUROPEAN politicians are poised to crack down on derivatives trading after blaming speculators for exerbating fears over Greece and Spain’s finances to their own advantage. Internal markets commissioner Michel Barnier will kick off his term by bringing in new rules as early as June. They are expected to fall along lines set out by the [...]
Cable takes aim at financial privacy May 3, 2010 OUR front page story contains an intriguing scoop : Vince Cable believes that “there is an argument” for applying to all publically listed companies in all industries his idea of disclosing the name of anyone earning £200,000 or more. At the moment, Lib Dem policy is only to do this for the banks; but the [...]