Ricciardo plays down debut error July 18, 2013 FORMULA ONE: Torro Rosso driver Daniel Ricciardo played down the significance of a spin-off as he sat behind the wheel of a Red Bull for the first time yesterday at a young-driver test at Silverstone. Ricciardo lost control of his car on the seventh lap but said: “I had a small off, but otherwise it [...]
England eliminated from Euros July 18, 2013 FOOTBALL: England’s ladies crashed out of Euro 2013, with a 3-0 defeat to France.
Any Other Business – 19/07 July 18, 2013 Can you take insights from the bedroom to the boardroom? Author Avril Millar apparently thinks so. Her distinctly adult approach to business can be found in a new book called The Kama Sutra of Work. “Sadly, we’ll always spend more hours working than having sex, but the concept I introduce in the book will make [...]
Fed’s Bernanke says that nobody really understands gold prices July 18, 2013 The Federal Reserve's Ben Bernanke has said that "nobody really understands gold prices and I don't pretend to understand them either" when asked by a member of Congress about the recent fall in the price tag of the precious metal. Bernanke said that a fall in the price of gold is not necessarily a thing, [...]
Fed’s Bernanke stresses that monetary policy has limitations July 18, 2013 Federal Reserve chairman Ben Bernanke has that "monetary policy is not a panacea" when it comes to low growth and high unemployment, and that "there is still room for congress to address these problems". "It's not my place or the federal reserve's place to force Congress to come to any particular outcome" — Ben Bernanke, [...]
Morgan Stanley earnings up 66pc in second quarter July 18, 2013 MORGAN Stanley today posted second quarter net income of $980m (£645m), up 66 per cent year-on-year and beating analysts' estimates. The US investment bank saw revenue and profit growth in all five major business units, but a particularly strong performance in trading, investment banking and wealth management over the period, said chairman and chief executive [...]
US inital jobless claims drop by 26,000 as continuing claims rise July 18, 2013 US initial jobless claims have dropped from 360,000 to 334,000 in the week to 13 July, a drop that exceeded what economists were expecting. Analysts had predicted a fall to 345,000. Weird blip with the continuing jobless claims though, which were up from 3.0323m (revised from 2.977m) to 3.114m. These jobs numbers have a special [...]
Morgan Stanley will begin £329m share repurchase as revenues beat estimates July 18, 2013 Morgan Stanley has posted earnings per share of $0.43 for the second quarter (release), which is exactly the number analysts surveyed by Bloomberg had been expecting. Revenues rose from the first quarter, up from $8.2bn to $8.5bn, despite forecasts that these would drop to $7.9bn. For the first time in years, the bank will be [...]
One chart that shows the failure of Osborne’s Funding for Lending Scheme July 18, 2013 Designed to get banks to lend more, chancellor George Osborne's Funding for Lending Scheme has failed to actually boost lending. Engineered to boost business lending, it's actually had more of an impact in the mortgage lending sector. This chart from the Bank of England demonstrates quite how poor the measure has been, and in July [...]
UK retail sales in June beat forecasts July 18, 2013 UK RETAIL sales in June beat forecasts to grow by 2.2 per cent year-on-year, a welcome sign for the UK’s burgeoning economic recovery. Sales grew by 0.2 per cent month-on-month, boosted by department store sales. “Feedback from department stores suggested sales had increased due to promotions and consumers buying clearance items across a wide range [...]
