Banking set for Asian jobs boom May 22, 2011 CITY workers are looking towards the Far East for the fastest expanding job opportunities, a survey from a top headhunting firm out today reveals. Almost three quarters of banking or hedge fund staff named eastern Asian cities as the leading job-creators for financial services, according to recruiters Astbury Marsden. Singapore will create the most financial [...]
London top for female fund heads May 22, 2011 LONDON has emerged as the equal top location for female hedge fund managers, a new study published today finds. The capital hosts 16 of the top 50 leading women in hedge funds, who between them manage several billion pounds worth of assets, according to the study by the Hedge Fund Journal in association with professional [...]
UK ready for Obama visit May 22, 2011 President Obama will hold crunch talks with David Cameron on Wednesday to discuss the global economy and the allied response to the conflicts in the Middle East. Obama will arrive in the UK tomorrow morning, when he is scheduled to meet with the Queen in Buckingham Palace. He will then go to Westminster Abbey to [...]
Greece is fast running out of money May 22, 2011 IT is looking worse by the day for Greece as the debt crisis trundles towards its inevitable and disastrous endgame. A default, however dressed up, can now only be a matter of time: the cash is fast running out. There is growing panic in Frankfurt, home of the European Central Bank (ECB), which has emerged [...]
QPR takeover talk cooled May 22, 2011 MOTORSPORT tycoon Bernie Ecclestone yesterday played down talk of Lakshmi Mittal, Britain’s richest man, taking full control of football club Queen’s Park Rangers. Formula One boss Ecclestone, who owns 62 per cent of the west London club, compared the situation to Rupert Murdoch’s recent interest in buying CVC, which owns the commercial rights to F1. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 22, 2011 FINANCIAL TIMES BAIN PULLS OUT OF RAC AUCTION Bain Capital has pulled out of the bidding for RAC, the roadside rescue business of UK insurer Aviva. The US private equity group last week dropped out of the auction after bidding less than its rivals, people close to the situation said. That leaves Carlyle, Clayton Dubilier [...]
Iceland volcano shuts airspace May 22, 2011 A new volcanic eruption is affecting flight paths around Iceland and could spread into Europe, forecasters warned yesterday. Icelandic airspace was shut for parts of the day. European carriers including British Airways said last night they were not expecting any disruption as a result of the Grimsvotn volcano erupting, and volcanologists were hopeful that the [...]
Cabinet to volunteer a day a year May 22, 2011 Prime minister David Cameron has called on his Cabinet to volunteer their services for a day a year as part of his Big Society initiatives. In a speech today he will say he wants to make giving more of a social norm. “And when I say we – I mean literally we – the Cabinet. [...]
Editor stands by decision to break order May 22, 2011 THE editor of a newspaper that printed the identity of a footballer who took out a super injunction to hide an alleged affair yesterday said he wanted to “spark debate” over current laws which “fly in the face of logic”. In an interview with City A.M., Sunday Herald editor Richard Walker said he does not [...]
Huhne faces fresh speeding questions May 22, 2011 EMBATTLED cabinet minister Chris Huhne came under renewed pressure at the weekend over allegations he asked someone else to accept penalty points on his driving licence for a speeding offence. The energy secretary’s position appeared to worsen, after it was reported that he could be gearing up to change his version of events. He was [...]
