After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Barclays sells Africa custody unit April 27, 2010 Barclays said yesterday it would sell its African custody business to Standard Chartered, its emerging markets-focused rival. The bank, which did not disclose the value of the deal, said it had exited the global custody business outside Africa in 1998 and that the remaining African unit is profitable but “would benefit from the synergies a [...]
ICICI April 27, 2010 In a story in Monday’s paper headlined “Indian bank ICICI to fight judgement” we referred to $1m in trading losses incurred by ICICI’s UK subsidiary. We understand that those losses were not incurred by the former ICICI trader, Grant Jones, and are happy to make this clear.
Retail sales up again in April but pace stalls April 27, 2010 BRITISH retail sales volumes grew for a third straight month in April, albeit at a slightly slower pace than expected, and retailers are confident of an acceleration next month, a survey showed yesterday. But a sustained recovery in consumer spending looks threatened by signs the housing market may be running out of steam and the [...]
March mortgage lending up after a dip in February April 27, 2010 THE number of approvals for UK home loans rose slightly in March after a dip in February and were almost 20 per cent up on the year before, data showed yesterday. The British Bankers’ Association (BBA) said net mortgage lending growth had eased as homeowners paid off debt. The BBA report said the number of [...]
CMI: Recession biting business April 27, 2010 A Chartered Management Institute (CMI) report says the recession is still hurting 82 per cent of businesses. The CMI’s economic outlook report also found job insecurity at record levels. According to the CMI, the reduction in the availability of both long-term finance and short-term investment has forced managers to continue to make tough choices to [...]
Annual rise for US home prices April 27, 2010 Home prices in the biggest US cities recorded their first annual increase in almost four years in February, but price drops in some areas have fuelled worries over the housing market’s recovery. The S&P/Case-Shiller home price index showed house prices rose by 0.6 per cent in February compared with the same month a year ago [...]
Consumer confidence up in US… April 27, 2010 US consumer confidence rose in April, reaching its highest level since September 2008, the Conference Board said yesterday. The consumer confidence index rose to 57.9 in April, compared with 52.3 in March.
…and Germany optimistic too April 27, 2010 German consumer sentiment is likely to jump going into May as households’ view of the economy and income expectations brighten, the GfK market research group said yesterday. The GfK consumer sentiment indicator, based on a survey of 2,000 Germans, rose to 3.8 for May from a revised reading of 3.4 for April.
Fund managers in demand April 27, 2010 FUND manager recruitment is on the rise as investors look to take advantage of new opportunities in battered markets, research published yesterday revealed. Last year management consultancy group Mercer advised on 826 fund manager searches globally, marking a 22 per cent rise on 2008 when they only advised on 676 searches. Mercer said the numbers [...]
A hung parliament means weighing up policies April 27, 2010 YOUGOV polling suggests a hung parliament is likely. In these circumstances, each of the parties has the power to block legislation. So how can they take decisions which its supporters find acceptable, given the data shown in the graph? We have looked at the attitudes of different party supporters on four of the big issues [...]