Nigel Farage claims Vince Cable is a “Marxist” after Royal Mail sale December 19, 2014 During his regular phone in with LBC radio Nigel Farage gave it business secretary Vince Cable with both barrels. The Ukip leader slammed the Lid Dem cabinet minister saying we've got a "Marxist in charge of the business department". Farage was answering a question referring to the privatisation of Royal Mail. He added that Cable [...]
Putin and the rouble: EU leaders stick to their guns over sanctions December 19, 2014 Even as the rouble continues its inexorable decline, hand in hand with global oil prices, EU leaders are refusing to budge over sanctions on Russia. At a summit meeting in Brussels all the talk was of “stay[ing] the course” and taking “further steps if necessary,” not relaxing the sanctions swaddling the Russian economy. Chief among [...]
David Cameron: We need to “bust some myths” on TTIP and the NHS December 19, 2014 The government is poised to go on a PR campaign to win over critics of the transatlantic trade and investment partnership, with Prime Minister David Cameron saying advocates should “bust some myths” surrounding it. TTIP has courted controversy, with supporters saying it will cut barriers and boost the UK economy by as much as [...]
Mike Ashley’s influence at Rangers grows as Derek Llambias appointed chief executive December 19, 2014 Just days after the Scottish Football Association served Rangers with complaints over Mike Ashley’s influence at the club, Derek Llambias, a long-standing acquaintance of the Newcastle United owner, has been appointed chief executive. Why it’s interesting Mike Ashley, the reviled owner of Newcastle United, has an agreement with the Scottish Football Association not to increase [...]
Buffett backed BYD plunges by one third December 18, 2014 BYD Auto, a Chinese mass producer of electric powered cars, has encountered its largest ever single-day drop since its 2002 listing, as it fell by as much as 47 per cent in afternoon trade in Hong Kong. The stock ended down 29 per cent. BYD, which is backed by Warren Buffett’s Berkshire Hathaway Energy, lost [...]
Is Vladimir Putin right that Russia’s economy will be back on its feet within two years? December 18, 2014 Steen Jakobsen, chief economist at Saxo Bank, says Yes. Russia’s citizens have been here before – they know the drill. Everything looks terrible now, but the positive spin is that we could see a new start in 2015. A solution to the Ukraine crisis is a pre-condition, laying to rest the political and financial stand-off [...]
Putin: Effects of the rouble crisis will “last two years under the most unfavourable circumstances” December 18, 2014 Buoyed, presumably, by the triumph of being named Russia’s man of the year for the 15th year in a row just hours ago, this morning Vladimir Putin climbed on to the podium to give a press conference to 1,300-odd journalists in what has become known as his answer to a “state of the nation address”. [...]
The UK, Alibaba and Nigel Farage are the biggest winners of 2014 December 18, 2014 As the year draws to a close it's a good time to reflect and look back on who will be cheerfully toasting 2014, after looking at those poor souls who've been dealt nothing but coal this year. This lot have plenty of reason for good cheer this holiday season – here's our pick of the [...]
Yellen pledges patient approach before starting to hike rates December 17, 2014 US POLICYMAKERS yesterday voted not to change its policy stance while also saying they would be “patient” before beginning to raise interest rates. The term “considerable time” was ditched from the Fed’s statement. It was initially used to signal how long rates would stay low for after the asset purchase programme ended in October. Instead, [...]
Nigel Farage, The Brand New Heavies and Innocent Drinks founder shake it up at Jim Mellon’s Christmas party December 17, 2014 What do nineties band The Brand New Heavies, Nigel Farage and Innocent Drinks founder Richard Reed have in common? They were all at millionaire fund-manager Jim Mellon’s Christmas party last night, of course. The shindig took place in Mellon’s pub in Notting Hill. The Capitalist had the pleasure of meeting the man the boozer was [...]