Letters to the editor January 23, 2013 EU negotiation [Re: Cameron’s EU balancing act makes treaty renegotiation unavoidable, yesterday] This article overwhelms with its lack of ambition. It argues that EU partners will let us reform the terms of our membership, but only if we stick to those reforms they already agree with. What of the membership requirements they want to keep or [...]
CFA charter has won converts beyond investment analysis January 23, 2013 THE Chartered Financial Analyst (CFA) charter is widely considered to be the professional credential of choice for the investment industry. Its course is designed to provide the full breadth of knowledge necessary to understand all the major investment products, alongside instruction in financial reporting, corporate governance and economics. All this is underpinned by a grounding [...]
Why the investment credential is moving fast to stay relevant January 23, 2013 THE Chartered Financial Analyst (CFA) programme aims to produce individuals with a good understanding of the key techniques, major asset classes, and ethical and professional standards most needed in today’s investment industry. The course is made up of three progressive levels of study. Level I focuses primarily on testing investment tools, Level II on asset [...]
Games you shouldn’t miss in 2013 January 23, 2013 The LIFESPAN of the current crop of consoles is almost over, with Nintendo’s next generation Wii U already on shelves and Microsoft and Sony preparing to launch an updated Xbox and PlayStation, respectively. But there is life in the old dogs yet, and 2013 looks set to be another milestone year in terms of industry [...]
New cuts as debt hits £1.1 trillion January 22, 2013 GOVERNMENT borrowing jumped again in December despite George Osborne’s efforts to bring the deficit down, as the chancellor yesterday ordered Whitehall to prepare for deeper spending cuts after the 2015 general election. Economists believe Osborne is now likely to overshoot his earlier borrowing forecasts by as much as £10bn, with many suggesting these latest figures [...]
King: keep UK’s target for inflation January 22, 2013 BANK of England chief Sir Mervyn King last night welcomed new ideas over the role of central banks in the post-crisis era, but warned against scrapping Threadneedle Street’s inflation-targeting remit. Incoming governor Mark Carney has floated the possibility of switching to a nominal GDP target, but Sir Mervyn – who steps down in June – [...]
Cameron pledges to deliver in-out referendum on the EU by 2017 January 22, 2013 DAVID Cameron will today promise an in-out referendum on Britain’s continued membership of the European Union by the end of 2017. “It is time for the British people to have their say. It is time to settle this European question,” he will say in his much-delayed speech on the EU, which will be delivered this [...]
City to gain as 11 EU states close in on financial tax January 22, 2013 ELEVEN EU countries were given the go ahead yesterday to start planning for a financial transactions tax (FTT) in an effort to squeeze more state revenues out of the sector. The charge is expected to hit trading activity in the countries that adopt it, potentially pushing more business towards the City as the UK is [...]
Desperate Osborne risks fuelling another housing bubble January 22, 2013 It is starting to look as if George Osborne is going to blow another housing bubble, albeit this time of a more modest variety. His Funding for Lending Scheme is starting to have an effect; but instead of making it easier and cheaper for small firms to borrow money, the subsidy’s supposed intention, the scheme [...]
Barclays to cut hundreds of London bankers January 22, 2013 BARCLAYS is to cut hundreds of investment banking jobs in London next month, yesterday launching a consultation on the job losses. The bank is expected to shut controversial businesses including its tax planning arm and agricultural commodities trading units next month under a major review by new chief executive Antony Jenkins, aimed at improving the [...]
