CITY MOVES | WHO’S SWITCHING JOBS September 22, 2011 Vipera The mobile financial services provider has appointed Luciano Martucci, the former chairman of IBM Italia, as a non-executive chairman. In addition, Petter Neby, chairman of Neby & Jahrmann, a cornerstone investor in Vipera, has been appointed as a non-executive director, and non-executive chairman John Defterios has resigned from the board. Sinclair IS The pharma [...]
FTSE suffers 5pc losses on Fed woe September 22, 2011 A TOXIC cocktail comprising a grim economic outlook from the US Federal Reserve and downbeat data in China left Britain’s top shares nursing a near five per cent drop yesterday, as investors pinned some hopes on this week’s G20 meeting. Commodity stocks, sensitive to data showing a stuttering recovery, were the biggest fallers by some [...]
Dire day of selling sinks US equities September 22, 2011 US stocks plunged yesterday, extending a selloff to four days, as policymakers’ failure to arrest global economic stagnation sent markets spiraling downward. The heavy volume of last night’s plunge signaled investors are selling in anticipation of more losses. Wall Street’s “fear gauge”, the CBOE Volatility Index, jumped 12 per cent, giving the index its biggest [...]
The Fed’s paper plane won’t fly: why the US economy is in need of more than a Twist September 22, 2011 THE markets were hoping for a helicopter drop from the US Federal Reserve this week, a reference to Ben Bernanke’s infamous 2002 speech on how to prevent deflation. What they got was more a paper plane, where the Fed will fly Treasury bonds from the short to the long end of the interest rate curve. [...]
A former banker says saving must begin at school September 22, 2011 I REMEMBER my first foray into high finance. Once a week my banker would travel to see me, take my money and give me a deposit receipt in return. He banked this money so it could be saved, bear interest and grow until I was a big girl. I was nine. Only years later did [...]
No one benefits from a bonfire of the vanities September 22, 2011 WHEN it all ended, they sent children to tug the playing cards from gamblers’ hands and strip closets of their silks. Savonarola’s so-called angels swept away the fine paintings and the antique statues, delivering their loot to the great fire burning in the heart of the city. It was said that Botticelli himself threw pictures [...]
RAPID RESPONSES September 22, 2011 Strong medicine A double-dip is looking ever more likely. We can’t ease back on deficit reduction – the last thing we want to do is scare markets – we should focus instead on money supply. Yes, quantitative easing is a blunt instrument, and there is the risk of inflationary side-effects. But the patient is poorly [...]
Get into casuals with the latest menswear trends September 22, 2011 SO it’s goodbye London Fashion Week until next year, as the sartorial bonanza drew to a close with menswear day on Wednesday. Highlights included a spot of celebrity bingo with Topshop’s front row (Jamie Hince, Mr Kate Moss to you, and Sir Philip Green were all to be seen) and Oliver Spencer’s shortened trousers. Also [...]
Gosling shines in both romcom and action films September 22, 2011 Film CRAZY, STUPID, LOVE Cert: 12A YOU wait all year for a Ryan Gosling film (well, some people do, perhaps) and two come along at once. Here he plays Jacob, her muscle-bound playboy who takes cuckolded dad Steve Carrell under his wing to tutor him in the ways of being a right stud. Crazy, Stupid, [...]
Monaco’s calling September 22, 2011 TIMES are tough for property in some parts of the world. Not, however, in Monaco, where investors seeking classic, mature markets feel comfortable. The fact that it’s still one of the most glamorous locations on earth – with some of the world’s best restaurants and casinos (and let’s not forget the marina) – doesn’t hurt, [...]
