Russia is not interested in joining Opec September 7, 2015 Russia has no plans to join the Organisation of Petroleum Exporting Countries (Opec), an oil-producing cartel of mostly Middle Eastern countries, according the to boss of a major Russian energy company. “Opec has lost its influence as a key market regulator, [there’s] no interest for Russia to join,” said Igor Sechin, chief executive of state-owned [...]
City Moves for 8 September 2015 | Who’s switching jobs September 7, 2015 Arbuthnot Latham The private banking and wealth management arm of the Arbuthnot Banking Group has appointed Stephen Fletcher as head of commercial banking. He was most recently at Coutts & Co, where he was a managing director. Fletcher has over 25 years’ experience in commercial banking and wealth management. Macfarlanes Stephen Robinson has been appointed [...]
Worldview issues more meeting demands to oil firm Petroceltic September 7, 2015 WORLDVIEW Capital Management has once again issued a request for Irish oil firm Petroceltic to hold an extraordinary general meeting (EGM), regarding approval of a proposed $175m (£115m) bond. The activist investor also demanded that the meeting be paid for personally by Petroceltic’s directors. Worldview said it would not support “any further financings by the [...]
BlackRock looks for bargains in China’s soft real estate market September 7, 2015 BLACKROCK, the world’s largest asset manager, has turned its attention to Chinese real estate, intending to make the most of softening markets there. The company announced it is ready to increase its portfolio exposure, focusing on affluent, high-end mass-market shopping malls and premium grade offices in China’s biggest cities. John Saunders, head of Asia-Pacific real [...]
Europe rises but Asia falls on China fears – Global Report September 7, 2015 EUROPEAN stocks rose yesterday, countering a fall in Asian markets led by weakness in China following a four-day break there. However, volumes were relatively light due to the closure of US markets for the Labor Day holiday. In Asia, there was choppy trade with investors cautious after the wild swings seen in Chinese equities. China’s [...]
Consumers are being ignored in the financial market abuse crackdown September 7, 2015 MPs coming back to Westminster after the summer recess will be returning to financial markets that have shown levels of volatility not seen since the banking crisis. While it is unlikely that the recent share rout will lead to another global meltdown, it will give added impetus to MPs’ efforts to pass legislation aimed [...]
NHS GP charges: Switzerland shows why charging to visit a doctor needn’t be politically toxic September 7, 2015 The economic case for user charges in healthcare is easily explained. A well-designed system of charges for people accessing services can encourage cost-consciousness and reduce overuse. If people had to pay a share of their healthcare costs out of pocket, they would start asking their GPs (and other sources of information) about whether a [...]
How Britain’s booming startup scene can be supercharged by empowering smaller investors September 7, 2015 Many congratulations to City A.M. on its tenth birthday. It has been a remarkably successful decade for the adventurous upstart. But the anniversary reminds me of a rather less happy fact. By the time it is ten years old, there is only a one in 100 chance that a UK firm will have reached [...]
As Lord Hall pledges a “BBC for the internet age”, is this even possible under the licence fee model? September 7, 2015 David Hickman, senior lecturer in film & television production at the University of York, says Yes The only alternative to the licence fee proposed by BBC critics is subscription. Little is said about how, say, radio would be paid for. But practical issues aside, the BBC is a public institution, so public attitudes matter – [...]
Why China is still weighing on the US Fed – eToro Tips & Picks September 7, 2015 China moved to stem the heavy selling that has dominated the last few weeks yesterday. However, the move failed to calm markets, with Chinese indices falling yet again. The further selling came as the Chinese government also downgraded the country’s 2014 growth rate estimate to 7.3 per cent. Many, however, believe the actual growth [...]
