Nike posts profit but shares dip June 23, 2010 Sportswear retailer Nike posted quarterly profits that jumped 53 per cent yesterday, but shares dipped two per cent after revenue missed analysts’ goal. The retailer said net profit rose to $521.9m (£349m), for the three months to 31 May. Revenue rose almost eight per cent to $5.08bn, thanks to an upswing in orders for sports [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2010 FINANCIAL TIMES NISSAN’S GHOSN TOPS JAPAN PAY LEAGUE Nissan’s Carlos Ghosn has taken top spot on a list of Japan’s best-paid executives after the carmaker revealed it paid its Brazil-born chief executive Y890m ($9.9m) last year. Nissan and other quoted Japanese companies are being forced to report the compensation of individual executives for the first [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2010 FINANCIAL TIMES NISSAN’S GHOSN TOPS JAPAN PAY LEAGUE Nissan’s Carlos Ghosn has taken top spot on a list of Japan’s best-paid executives after the carmaker revealed it paid its Brazil-born chief executive Y890m ($9.9m) last year. Nissan and other quoted Japanese companies are being forced to report the compensation of individual executives for the first [...]
Financial reform bill close to completion June 23, 2010 US lawmakers came closer to hammering out legislation to regulate the financial industry yesterday, dropping several proposals in an effort to finalise the new rules by tomorrow evening. A House-Senate panel continued negotiations to merge two major bank reform bills, which aim to overhaul Wall Street and beyond in the wake of the financial crisis. [...]
Financial reform bill close to completion June 23, 2010 US lawmakers came closer to hammering out legislation to regulate the financial industry yesterday, dropping several proposals in an effort to finalise the new rules by tomorrow evening. A House-Senate panel continued negotiations to merge two major bank reform bills, which aim to overhaul Wall Street and beyond in the wake of the financial crisis. [...]
Sentance shatters consensus with call for rate rise June 23, 2010 A LONE dissenting voice in the Bank of England’s Monetary Policy Committee (MPC) this month urged for a hike in rates, the first time since August 2008 that such a call has been made. External MPC member Andrew Sentance, who has recently expressed disquiet about stubbornly high inflation in both MPC meetings and in the [...]
Sentance shatters consensus with call for rate rise June 23, 2010 A LONE dissenting voice in the Bank of England’s Monetary Policy Committee (MPC) this month urged for a hike in rates, the first time since August 2008 that such a call has been made. External MPC member Andrew Sentance, who has recently expressed disquiet about stubbornly high inflation in both MPC meetings and in the [...]
Australian mining tax could be axed after PM is ousted June 23, 2010 AUSTRALIAN Prime Minister Kevin Rudd stood down this morning after calling a surprise leadership ballot, throwing negotiations on a new mining supertax in the country into jeopardy. Rudd’s deputy, Julia Gillard, will become Australia’s first female Prime Minister after Rudd resigned before the ballot of Labor party MPs at 9am local time (midnight BST). Gillard [...]
Australian mining tax could be axed after PM is ousted June 23, 2010 AUSTRALIAN Prime Minister Kevin Rudd stood down this morning after calling a surprise leadership ballot, throwing negotiations on a new mining supertax in the country into jeopardy. Rudd’s deputy, Julia Gillard, will become Australia’s first female Prime Minister after Rudd resigned before the ballot of Labor party MPs at 9am local time (midnight BST). Gillard [...]
Banks mull measures to avoid UK levy June 23, 2010 BANKING analysts at UBS yesterday predicted a surge in creative accounting practices in the banking sector, as firms look to manipulate their books to minimise the impact of the government’s new balance sheet levy. The team at UBS, led by respected analyst John-Paul Crutchley, has already begun to identify possible opportunities for individual banks to [...]