Bank launches renewables fund August 29, 2011 More than one third of farmers want to install renewable energy projects on their farmland, most of them within the next year, and hope to generate average returns of £25,000 per year, UK bank Barclays said. The bank’s business arm yesterday launched a £100m fund to help farmers finance renewable energy projects as a growing [...]
SO MUCH FOR A QUIET AUGUST August 29, 2011 TRADERS who stayed on the floor throughout August 2011 will remember it for many things, but tranquility will not be one of them. While European chief executives left the office for their customary four-week holiday, global equity markets kicked off a month of instability as US lawmakers dithered over a last-minute increase in the country’s [...]
Japan’s sixth PM in five years steps up August 29, 2011 JAPAN’S sixth prime minister in five years was chosen yesterday. Yoshihiko Noda, formerly the finance minister, replaces former PM Naoto Kan and faces an uphill battle to overcome a divided parliament and deep rifts in the ruling party. Noda appears to be a safe pair of hands to lead the world’s third-biggest economy but there [...]
US growth forecast slashed by the IMF August 29, 2011 THE IMF has brutally slashed America’s growth forecast for this year to just 1.6 per cent — down from its last estimate of 2.5 per cent, made just two months ago. Reports in Italy said that a draft IMF report has also downgraded the forecast for US growth in 2012 from 2.7 per cent to [...]
Juncker: demands for Greek collateral will be met by mid-September August 29, 2011 EUROZONE countries will find a way to satisfy demands for collateral from Greece for new loans to Athens by mid-September at the latest, the chairman of Eurozone finance ministers, the Eurogroup, Jean-Claude Juncker said. Finland wants Greece to provide collateral for new loans that it is to get from Helsinki as part of a new [...]
Italy to test bond markets August 29, 2011 ITALY’S borrowing costs are set to fall at a debt sale today, with its benchmark 10-year yield seen at around 5.20 per cent thanks to support from the European Central Bank, after hitting an 11-year high in July. The ECB started buying Italian and Spanish government bonds on the secondary market on 8 August to [...]
Gold clips losses from equity market gains August 29, 2011 GOLD prices remained lower into late trade yesterday, as Wall Street stocks added to their gains on increased investor risk tolerance, but bullion cut its decline to about 2.20 per cent as some buyers bought dips. Sought as a haven asset in times of uncertainty, the yellow metal had some players adding to their holdings [...]
Collins Stewart climbs league August 29, 2011 COLLINS Stewart has leapt up the City league of brokers and corporate advisers, moving four places to rank sixth in the latest figures from financial data firm Hemscott. The firm made the largest jump in the overall rankings, adding two new clients to end the quarter with a client count of 78. JP Morgan Cazenove [...]
Back to school but a nerve-wracking term awaits August 29, 2011 THE first week of September is a sorry one for millions of Britons. It’s the end of the holidays, and not just for the kids. They may have to go back to school and have nothing more than double science on a Tuesday afternoon to look forward to. For those of us who have finished [...]
MoneySwap to list on AIM after delay August 29, 2011 FOREIGN exchange specialist MoneySwap expects to hit a £20m valuation when it joins London’s Alternative Investment Market tomorrow. The online peer-to-peer exchange platform, designed to save travellers money by cutting out intermediaries, hopes to raise £3.05m when it joins the index. MoneySwap sees the Asia-Pacific market as vital given the number of major currencies and [...]
