Experian acquires fraud detection service 41st Parameter for £199.5m October 1, 2013 Global information services company Experian had acquired 41st Parameter – a US-based leading fraud detection services – for $324m (£199.5m). (Release) 41st Parameter makes security products for online transactions, focusing on combating fraud around the opening of new bank accounts. Of the deal, $14m (£8.6m)is subject to limited, to year earn-out provisions, which Experian will [...]
German unemployment see surprise rise in September October 1, 2013 German unemployment – expected to fall by 5,000 in September – has seen a surprising rise of 25,000 in a single month. Bad revisions too – Last month's 7,000 increase in unemployment has been hiked to 9,000 as estimates are updated. That sees the adjusted jobless rate up to 6.9 per cent, from 6.8 per [...]
International report slams war on drugs October 1, 2013 The International Centre for Science in Drug Policy (ICSDP) has produced a report highly critical of the war on drugs. The report found that in the last twenty years the price for drugs has dramatically declined and purity has increased, despite greater levels of interdiction than at any point in history. The authors of the [...]
US jobs data may be released early as shutdown leaves Fed blind October 1, 2013 Market watchers have long warned that a shutdown of the US government – the first in 17 years – could mean that key unemployment figures are not released. Those are so critical because the Federal Reserve will base its decision to begin tapering – a reduction in the rate of expansion of the monetary base [...]
US government shutdown begins October 1, 2013 The US government has begun its first partial shutdown in 17 years after Congress failed to come to agreement on a compromise bill to fund government operations. Ongoing wrangling between the Republican-led House and Democratic-led Senate has pushed approval ratings for congress and Obama to new lows.
Memo ordering US government shutdown October 1, 2013 The US government has begun its first partial shutdown in 17 years. The Federal government failed to pass any federal spending bills for this fiscal year, which begins today. Ongoing wrangling between the Republican-led House and Democratic-led Senate has pushed approval ratings for Obama and Congress to new lows – 44 per cent and 10 [...]
What you need to know before the open – 01/10 October 1, 2013 Today marks the start of the final quarter of 2013 and, whilst traders are set to deal with an onslaught of data over the next few days as political events unfold, there is a mixed bag of view when it comes to market impact: European markets may seem strangely resilient at this morning's opening-It may [...]
Osborne targets budget surplus September 30, 2013 GEORGE Osborne yesterday promised a future Conservative government would attempt to run a budget surplus by 2020, indicating that his party’s commitment to austerity is here to stay. The chancellor told his party’s annual conference in Manchester that, assuming the economic recovery continues, he would seek to ensure the government’s income is more than its [...]
Markets tumble as US budget deadline looms September 30, 2013 GLOBAL markets were in turmoil yesterday as the US government approached a shutdown, with politicians battling into the early hours to find a way to avoid running out of cash. If a deal on the emergency budget could not be reached by midnight US time – 5am in the UK – up to 1m federal [...]
Osborne freezes fuel duty until the 2015 election September 30, 2013 GEORGE Osborne yesterday vowed to freeze fuel duty for the next two years, ensuring the chancellor will go into the 2015 election without ever raising tax on petrol. In a surprise announcement, the chancellor told the Conservative party conference in Manchester that, providing other savings can be found, he will ensure motorists are untouched. “Conservatives [...]