Carphone in exclusive deal with Google December 6, 2010 CARPHONE Warehouse yesterday confirmed it will exclusively stock the new Google-phone, as revealed in City A.M. in October (see right). Industry sources say Google is experimenting with its distribution model after releasing the previous Nexus model through a deal with carrier Vodafone in the UK. Google’s initial distribution model, which sold the handset exclusively through [...]
Cost of laws on derivatives to reach billions December 6, 2010 THE cost of regulatory changes favouring exchange-traded derivatives could cost billions in collateral, according to research firm TABB Group. The firm says the trend of ongoing changes to the law, which will prompt the transfer of many over-the-counter derivatives such as interest rate swaps onto centralised exchanges, could incur a massive cost for the financial [...]
Germans say no to beefing up euro fund December 6, 2010 EU finance ministers clashed yesterday over how to tackle the Eurozone debt crisis. At a crunch meeting in Brussels yesterday ministers from the 16 Eurozone countries discussed how to reassure markets following the bailouts in Ireland and Greece and persistent fears over Portugal and Spain. German chancellor Angela Merkel rebuffed calls for a bigger financial [...]
Eurobond argument ignites December 6, 2010 EUROZONE leaders are locked in a dispute about whether to issue region-wide bonds, even as the European Central Bank (ECB) steps up its intervention in the bond markets to try and stem the rise of gilt yields. Luxembourg Prime Minister Jean-Claude Juncker and Italian finance minister Giulio Tremonti yesterday called for the creation of Eurozone [...]
EUROZONE BONDS December 6, 2010 Q.WHY ARE SOME LEADERS CALLING FOR EUROZONE BONDS? A. Leaders in Luxembourg and Italy have called on the Eurozone to issue joint bonds in order to stop the euro crisis in its tracks and signal the political commitment to the single currency. They see fusing the Eurozone’s debt markets as a way to combat the [...]
Extra time allows Swann to flourish December 6, 2010 OUR cricket columnist, former England batsman and Warwickshire chairman Andy Lloyd, has been poring over all the Ashes action. Here he dissects what he’s learned from the play so far. SWANN IN A MILLION If Shane Warne, the greatest spinner of all time, rates Graeme Swann as the best around, then who are we to [...]
Hungary punished by credit agencies for failure to embrace austerity cuts December 6, 2010 CREDIT rating agency Moody’s cut Hungary’s sovereign rating by two notches, to just above “junk” grade yesterday and said it may cut further if the government fails to get a grip on public finances. Hungary’s government has rejected austerity and aims to close its budget deficit with hefty new taxes on banks and other businesses [...]
Ireland braced for budget vote as investors baulk December 6, 2010 IRELAND is braced for a crucial vote on its 2011 budget today. Embattled Prime Minister Brian Cowen is clinging to the hope that he can pass the budget by the narrowest of margins. His government, which is almost certain to lose a general election scheduled for early next year, has a majority of just three [...]
Spain relies on troops to keep order December 6, 2010 SPAIN is braced to extend its state of emergency after a strike by air traffic controllers last week shut down the country last week. The army took over the running of control towers until the threat of jail forced the controllers back to work. They were protesting the proposed privatisation of Spain’s airports as part [...]
Candover to sell CPL to its management December 6, 2010 CANDOVER Investments will spin off its private equity management arm to a group of its directors as part of its wider plan to wind down the firm. It will offload Candover Partners Limited (CPL) to new entity Arle Capital Partners, an investment advisory firm set up by the group of its executives, for a nominal [...]
