More interest rate hikes in store for troubled emerging markets February 2, 2014 REPEATED foreign exchange shocks may push emerging markets to keep raising interest rates, despite weak prospects for growth, economists have claimed. Despite several central banks in developing economies raising interest rates and intervening in markets last week, researchers from Oxford Economics suggest that the round of tightening may continue. The economists compare the situation in [...]
Shake up on the way for rules on how to report international tax February 2, 2014 BIG changes may be on the horizon for multinational firms, after a major consultation on the future of international tax reporting was announced by the Organisation for Economic Co-operation and Development (OECD). The OECD is canvassing opinion on country-by-country reporting after the G20 countries endorsed further action on tax transparency. The move would be designed [...]
Nick Clegg on Latin American trade mission February 2, 2014 The Deputy Prime Minister is heading up a trade mission to Latin America this week. Nick Clegg is travelling to Columbia and Mexico with Lord Livingston, Baroness Bonham-Carter and around 40 business leaders from companies including HSBC, Shell and Rolls Royce. During the trip he will announce a new £4bn bilateral Columbian trade and investment [...]
City Moves for 03 February 2014 | Who’s switching jobs February 2, 2014 Jefferies The investment banking firm has announced the appointment of Andrew Speirs as managing director, and head of European restructuring and recapitalisation investment banking. He has over 25 years’ experience in the industry. Speirs previously held investment banking roles at Hawkpoint, Deutsche Bank and Morgan Grenfell. Hogan Lovells The law firm has hired Don McGown [...]
Benefit rules should be tougher – poll February 2, 2014 Sixty-six per cent of people think the benefit system should be toughened up to make it harder to claim, a survey conducted by YouGov for Channel 5 found. Two thirds of those asked also said they think the system is unfit for purpose, while three quarters said they oppose immigrants being allowed to claim in [...]
Made in Britain brand makes top 10 February 2, 2014 Britain’s reputation as a country of origin for branded goods ranks sixth in the world, according to research out today by brand consultants FutureBrand. The report examines the importance of the label Made In as a factor in influencing consumer perceptions. The UK performed particularly well in fashion, luxury and personal care where it ranked [...]
Heard the one about the pork Chinese soup? February 2, 2014 FORGET the Englishman, Irishman and Scotsman – the jokes of tomorrow could be all about the Beijinger and the Shanghainese. Well, what with China’s increasing global influence, and the fact that Shoreditch-based creativity bazaar Mother has released a book of translated Chinese jokes. “If China is going to rule the world, we thought, we want [...]
Ant and Dec help Morrisons to bring us mythical Market Street February 2, 2014 THERE appears to be no end to the amount of trendy food markets popping up in the capital – a bit of Borough here, Maltby Street there, a dash of Exmouth, etc. Well, now there’s a new one, brought to us by, erm, Morrisons and called, well, Market Street. The market is more of a [...]
Three things you didn’t know about… February 2, 2014 Deloitte’s Head of Real Estate Andrew Rothery 1 He bought a £35,000 bespoke camper van for his wife’s birthday a few years ago. It’s lowered, comes with chrome wheels, lilac leather seats and a huge sound system. The insurance company laughed at him when he tried to insure it. 2 He goes to Glastonbury every [...]
Mining deals to pick up in 2014 after slow year February 2, 2014 THE NUMBER of deals in the mining sector is expected to rise this year, after hitting a seven-year low in 2013, according to new research released today. The report from accountancy firm EY shows that deal volumes – excluding the $46bn (£28bn) Glencore Xstrata merger – fell 25 per cent last year to 702, while [...]
