After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Weak industry data fuels recovery fears May 12, 2011 OFFICIAL data published yesterday revealed slower than expected industrial growth in the UK, with the 0.3 per cent growth for March significantly below the 0.8 per cent expected by economists. The figures chimed with the gloomy estimate of 0.5 per cent first-quarter growth for the economy as a whole, fueling fears that the economic recovery [...]
BRITS’ TRIPS BOUNCE BACK AFTER DECEMBER’S WINTER FREEZE CLOSED AIRPORTS… May 12, 2011 THE estimated number of trips abroad by UK residents, seasonally adjusted, was up four per cent to 13.5m compared to the previous three months, according to the latest transport, travel and tourism bulletin from the Office of National Statistics. But despite keeping up holidays, Brits spent less – £7.3bn in the period – a two [...]
Real effect of the recession is yet to hit take-home pay May 12, 2011 LIVING standards in the UK are yet to feel the full brunt of the recession, with the biggest hit to take-home income likely to come over the next year as gains are eroded by higher inflation. New figures from the Institute for Fiscal Studies (IFS) show that average take-home pay actually went up in both [...]
Fewer UK mortgages in arrears May 12, 2011 The number of mortgages in arrears has continued to fall this year, the Council of Mortgage Lenders (CML) revealed yesterday. At the end of March 166,000 mortgages showed arrears of more than 2.5 per cent of the outstanding balance, down from 170,000 at the end of last year. While there has been a slight upturn [...]
NIESR pares its growth figures May 12, 2011 The UK recovery is being weighed down by sluggish growth, expanding by just 0.3 per cent in the last three months, according to the National Institute for Economic and Social Research. The three-monthly rate of growth was down from 0.5 per cent for the first-quarter of the year, as activity pared some losses from the [...]
China tightens monetary stance May 12, 2011 China’s central bank yesterday said that it would raise lenders’ required reserves by 0.5 per cent, the fifth rise this year and the eighth since October. The move increases the required reserve ratio for the country’s biggest banks to a record 21 per cent in the government’s campaign to control inflation. Wednesday’s high inflation figure [...]
US high street hit by oil prices May 12, 2011 Sales at US retailers posted their smallest gain in nine months in April as high food and gasoline prices drew spending away from other areas. Total retail sales increased 0.5 per cent, and March sales were revised up to a 0.9 per cent increase from a previously estimated 0.4 per cent rise.
Jobless claims in the States fall May 12, 2011 Unemployment benefit claims in the US fell sharply last week after a surprisingly big rise the prior week, a government report showed. Initial jobless claims fell 44,000 to a seasonally adjusted 434,000 in the week ended 7 May, the Labour Department said.
Japan regains some confidence May 12, 2011 Japan’s service sector sentiment index improved to 28.3 in April, the official “economy watchers” survey revealed yesterday. The report recovered from a record fall to 27.7 posted the previous month, helped by efforts to repair supply chains, prevent power shortages and contain a nuclear crisis caused by the March earthquake and tsunami.
French family-run firm emerges as DTZ bidder May 12, 2011 FRENCH family-run property group Saint George Participations (SGP) has emerged as a potential bidder for British property consultant DTZ. SGP, which already owns about 55 per cent of DTZ, said yesterday that it was in “preliminary discussions” to buy the remainder of the London-listed company. SGP also revealed it is in talks with BNP Paribas’ [...]
