Rapid responses November 27, 2012 New beginnings [Re: An unusually brilliant move by Osborne will give City a huge fillip, yesterday] Mark Carney has performed his first conjuring trick by confounding the commentators with his surprise appointment. But to be a successful Bank of England governor, and to get the UK economy going, he is going to need a lot [...]
The overheated Aussie needs to be cooled quick November 27, 2012 THE Australian dollar (Aussie) has been riding a tsunami wave over the last few years. Since lows at the end of 2008, the currency has rocketed by nearly 75 per cent against the US dollar. But as Asian economies realign, its rise looks set to end, bringing downward pressure on the currency. COMMODITIES SUPER CYCLE [...]
Functional but not the finished article November 27, 2012 FUNNY HOW the MPV, once the auto industry’s latest, cleverest idea, now seems a little old-fashioned. The compact SUV has pretty much superseded small MPVs because they have similar flexibility – for transporting mountain bikes, flat-pack furniture, dogs, as well as people – in a trendier 4×4 package. But it seems there’s still a place [...]
CAR TALK November 27, 2012 Dacia know how to give you value for money It doesn’t matter how wealthy you are, bargains are always an attractive proposition. At just £5,995, Dacia’s forthcoming entry-level Sandero Access model is the UK’s most affordable new car and can be had for as little as £69 per month. Meanwhile, the Dacia Duster SUV starts [...]
The City has a new king November 26, 2012 CHANCELLOR George Osborne stunned the City yesterday by appointing Canada’s Mark Carney as the new governor of the Bank of England – the most powerful unelected role in the UK. Former Goldman Sachs executive Carney is currently head of Canada’s central bank, a position he will give up on 1 June 2013 in order to [...]
Meet Mark Carney: the Canadian flown in to save the UK economy November 26, 2012 IN APPOINTING Mark Carney the new governor of the Bank of England, the government has found an ex-Goldman Sachs director comfortable with garnering the views of the City – yet unafraid of standing his ground at times of conflict. The Canadian famously clashed with JP Morgan chief Jamie Dimon after a fierce disagreement over the [...]
An unusually brilliant move by Osborne will give City a huge fillip November 26, 2012 TO my great surprise, George Osborne has just pulled off an amazing hire. Appointing a new governor of the Bank of England was always going to be Osborne’s most important decision. I thought the chancellor would go for the easy choice – I was wrong. His wooing of Mark Carney, who will shake up the [...]
What the city made of George Osborne’s latest appointment November 26, 2012 VIJAY KRISHNASWAMY HYMANS ROBERTSON “We see this as an exciting and bold step for the Bank of England. Mark Carney is a well-respected financial figure with a strong track record.” PHILIP SHAW INVESTEC “Mark Carney is a surprise choice but he is highly respected, and experienced, regulating the Canadian banking system and chairing the G20’s [...]
Stepping into a historic banking job November 26, 2012 WHEN he takes up the mantle at the Bank of England, Carney will be stepping into shoes filled by 119 others over 319 years, since first governor Sir John Houblon. Carney succeeds Sir Mervyn King, who took the role on in 2003, and led the institution through the UK’s worst recession for decades. Sir Mervyn’s [...]
Osborne’s hire could herald a Bank shake up November 26, 2012 MARK CARNEY’S succession to the Bank of England throne will be the first step in a revolution at the top of the central bank, analysts forecast yesterday. Deputy governor for monetary policy Charlie Bean will leave after a year, chancellor George Osborne confirmed in his announcement to parliament. And Paul Tucker, deputy governor for financial [...]
