WHAT THE OTHER PAPERS SAY THIS MORNING July 24, 2011 FINANCIAL TIMES CHINA EYES BARTER PLAN TO BYPASS US SANCTIONS ON IRAN PAYMENTS Tehran and Beijing are in talks about using a barter system to exchange Iranian oil for Chinese goods and services, as US financial sanctions have blocked China from paying at least $20bn for oil exports. The US sanctions against Iran, which make [...]
DSK maid to start charm offensive July 24, 2011 The New York hotel maid who accused former IMF chief Dominique Strauss-Kahn of attempting to rape her will today start a charm offensive, which will include interviews on some of the most watched shows in the US. The woman, Nafissatou Diallo, also gave permission for news outlets to identify her by name. In an interview [...]
EU may force banks to disclose pay July 24, 2011 European banks could be forced to disclose details of all staff earning more than €1m (£880,000) under tough new proposals from the European Commission. Brussels would like every nation to collect information – which would also break out how much is paid in basic salary, bonuses and other incentives – and publish aggregate information for [...]
Euro break-up still likely, say economists July 24, 2011 ECONOMISTS still believe that the Eurozone will break up in the next four years despite a groundbreaking deal struck by policymakers for Greece’s second rescue last week. Capital Economics’ chief European economist Jonathan Loynes says: “We maintain our position that there is a smaller than evens chance that the Eurozone will survive the next four [...]
UK dividends jump by 27pc July 24, 2011 DIVIDEND payments by UK companies soared to £19.1bn in the second quarter of 2011, the largest amount paid out since the same period in 2008. UK mining companies were the biggest contributors to the 27 per cent jump in payouts compared to last year, quadrupling their dividends to a total of £1.85bn from just £451m [...]
Default is welcome, but not enough July 24, 2011 THE European Central Bank (ECB) lost an important battle last week. It was only a short time before Thursday’s decision to embrace a “transitory, selective default” for Greece that ECB president Jean-Claude Trichet had begun to sound like a broken record at the Bank’s press conference. “Our message is no credit event, no selective default, [...]
Six parties in Lloyds talks for branches July 24, 2011 LLOYDS is in talks with six interested parties over the sale of its 632 branches, City A.M. understands, despite only two of them having submitted formal bids so far. However, some of those involved are only interested in chunks of the £68bn in assets on sale, which could prove a headache for regulators who want [...]
New capital requirements will hit UK small businesses hardest July 24, 2011 NEW capital requirements will damage Britain’s growth prospects more than previously thought because of our economy’s high reliance on small businesses, analysts have claimed. A paper released by Tim Ambler at the Adam Smith Institute says that “the losers” from higher capital requirements will be small and medium-sized businesses (SMEs). “It is not the banks [...]
Norway death toll continues to climb to 93 July 24, 2011 NEO-NAZI sympathiser Anders Behring Breivik yesterday admitted carrying out both the shooting spree on a Norwegian island youth camp and the Oslo bombing, which have so-far claimed 93 lives. At least four more people are missing, with police still recovering bodies from the icy water surrounding the island of Utøya and offices around the bomb [...]
Winehouse tributes flood in as Back to Black sales soar July 24, 2011 TRIBUTES have flooded in for singer Amy Winehouse after she was found dead at her London home on Saturday. Flowers from fans piled up in the street outside her north London home and her records saw a remarkable spike in sales, with her acclaimed Back to Black album seeing sales rise by 37 times. Mark [...]
