FTSE closes higher after Euro chiefs reassure on debt crisis September 14, 2011 BRITAIN’S leading shares closed higher yesterday after Europe’s top bureaucrat said plans for a common euro bond, seen by many as a key tool to help end the regional debt crisis, would be presented shortly. A common bond would give the weaker peripheral countries access to cheaper funds, backed by core Europe, although regional paymaster [...]
US stocks climb on back of relief rally September 14, 2011 US stocks rose one per cent in a third day of gains yesterday after European leaders displayed new urgency in efforts to contain the Eurozone debt crisis. German and French leaders called on Greece to implement all financial reforms “strictly and effectively”, a German government spokesman said. Greece expects policymakers to report that Athens is [...]
FirstGroup’s Carr moves over to Ahold September 14, 2011 DUTCH supermarket group Ahold yesterday appointed Jeff Carr as its new chief financial officer, picking an executive with experience at Unilever, Associated British Foods and easyJet. Carr, 49, is currently a board member at transport company FirstGroup and personal care products group McBride. Both firms said that he will be standing down, and FirstGroup said [...]
Court close to a decision on Saab appeal September 14, 2011 A SWEDISH court said yesterday it would decide in the next few days whether to allow struggling car maker Saab to appeal a ruling denying it protection from creditors, with Saab almost certain to slide into bankruptcy if its case is rejected. “The case will be dealt with as a priority and a decision in [...]
MASERATI UPBEAT ON SALES GROWTH September 14, 2011 FIAT luxury brand Maserati is expecting sales growth of seven per cent this year, its chief executive said yesterday, after the car maker presented its first SUV at the Frankfurt auto show. “The [sales] trend of the first eight months of the year will be confirmed for the whole of 2011,” Maserati chief executive Harald [...]
National Grid bonds are not without risk September 14, 2011 INFLATION stealthily redistributes wealth from those with savings to those with debts – which is why highly indebted governments often turn a blind eye to it. But as important as it is to beat inflation, your investment strategy should be driven by facts, not fear. For those who missed out on the National Savings and [...]
Spotting the very best in charge and credit cards September 14, 2011 REMEMBER when the American Express Gold Card was the celebrity’s payment card of choice in the movies? Well, times have changed. Every bank is offering exclusive cards to its premium customers now – they’re always keen to sign up City high-fliers. But which bank is offering the best deal? Kevin Mountford from MoneySupermarket.com says: “None [...]
China lies at the heart of euro survival September 14, 2011 THE effects of speculation that China would be buying up Italian sovereign debt displayed just how much sway the Chinese government holds over the world currency markets. China has been accumulating foreign currency reserves at a rapid rate – its forex reserves increased by $750bn between June 2010 and June 2011. It is reported that [...]
MBA students go gaga over lessons from pop stars September 14, 2011 LOOK along the business books section in a bookshop and you will find many tomes that promise to teach you how to invest like Warren Buffett or to learn from Bill Gates how a start-up can turn you into a billionaire. But alongside those you will also find another sub-genre of books that promise to [...]
How to teach that bribery doesn’t pay September 14, 2011 CORRUPTION is a bad thing. Widespread bribery can reduce a country’s GDP by up to 1 per cent, according to the World Bank. A trillion dollars is paid in bribes every year. A decade ago, a quarter of Africa’s GDP was paid in bribes. This isn’t just a problem for poor countries. A report by [...]
