Chinese hustlers are taking advantage of the Cayman legal system – and British investors are paying for it
No light at the end of tunnel for Capgemini March 15, 2010 Europe’s largest computer consultancy Capgemini said yesterday demand is improving but it has yet to see signs of a sustained recovery. The news will be a blow to the IT sector as the firm is seen as a bellwether for industry spending. It follows a torrid year’s trading for the market leader, as it was [...]
Telco Deutsche searches for more women March 15, 2010 Deutsche Telekom wants to support women’s careers and has introduced a quota system to ensure a third of its upper and middle management positions will be held by women by 2015. “Having a greater number of women at the top will quite simply enable us to operate better,” said chief executive Rene Obermann yesterday. “Taking [...]
Liechtenstein sets the pace on tax March 15, 2010 OFFSHORE banks have provided a tax-free haven for wealthy investors’ cash for more than 70 years. But as HM Revenue & Customs steps up its pursuit of British account holders, several international banking centres are considering following Liechtenstein’s lead in brokering an anonymous amnesty between the UK authorities and individuals with undeclared money stashed offshore. [...]
Entrepreneurs are helping firms of tomorrow March 15, 2010 TEN years ago, at the time of the euphoric dot com boom and bust, we were a “Digital Island” of sorts. The dealmakers were a relatively tiny segment of society: those who saw that the internet was here to stay. Huge management experience was compressed into a short period of time. People in their early [...]
CITY MOVES | WHO’S SWITCHING JOBS March 15, 2010 Universal Music Max Hole has been promoted to the position of chief operating officer at Universal Music Group International (UMGI). Hole, who will take up his new role on 1 July, is currently executive vice president of UMGI and president of the group’s Asia Pacific operations. He joined the firm in 1998 from Warner Music [...]
Captain marvel can go steady for Eddie March 15, 2010 TOP trainer Eddie Harty is backing Captain Cee Bee to justify his favouritism in his bid for Arkle glory at Cheltenham this afternoon. Harty tasted Festival success with Cee Bee two years ago when the horse romped home in the Supreme Novices’ Chase. He sat out the whole of last season with injury, but has [...]
FTSE slips on caution over banking stocks and falling commodity prices March 15, 2010 FALLING commodity prices dented miners and energy stocks and banks fell, pushing Britain’s top share index 0.6 per cent lower yesterday, with investors cautious before central bank policy meetings later in the week. The FTSE 100 index ended 31.80 down points at 5,593.85, having risen 0.5 per cent last week. Miners, sensitive to shifts in [...]
US stocks flat after third low trading day this year March 15, 2010 US STOCKS were little changed yesterday as a late rebound in financial stocks offset nagging worries the Chinese government may tighten credit, a move that could slow growth in the global economy. Banking stocks reversed late in the session after Christopher Dodd released a proposed financial regulation overhaul bill. The KBW Banks index added 0.2 [...]
Flexible hedge fund strategies perform best March 15, 2010 HEDGE FUNDS managed to post positive returns last month by capitalising on favourable fixed income and foreign exchange positions, a top hedge fund index revealed yesterday. The Credit Suisse/Tremont Hedge Fund index, which is calculated as a total return index on a monthly basis and tracks the asset-weighted average performance of more than 5,000 hedge [...]
Banker Dunguib could be a damp squib for bookies March 15, 2010 Here we are at last at the best week of the year – it feels like Christmas, birthday, and New Year’s Eve all rolled into one. But what we all want to know is who’s going to win, where’s the money going and which of the contenders have us bookies running scared? And this year [...]
