From stamp duty to the triple lock, Andy Haldane says bold Burnham leadership can usher ‘vibe change’ for UK economy
China hints it may let the yuan rise November 11, 2009 CHINA yesterday hinted it may soon let its yuan rise against the dollar, ahead of a state visit by US President Barack Obama. For the last 18 months the US, the European Union and Japan have complained that Beijing deliberately keeps its currency undervalued against the dollar to give its companies an unfair trade advantage [...]
Santander ex-hedge fund boss is facing charges on Madoff November 11, 2009 MANUEL ECHEVERRIA, the ex-chief executive of Banco Santander’s hedge-fund unit Optimal, was yesterday charged by a Geneva court with the “dishonest management” of client funds which had been invested with fraudster Bernie Madoff. Echeverria, who is one of the most senior wealth managers facing charges in relation to the Madoff affair, was charged in August [...]
Hewlett-Packard moves into telecoms by snapping up 3Com in a $3.1bn deal November 11, 2009 HEWLETT-PACKARD (HP) is making a move into the telecom equipment market by striking a $3.1bn (£1.9bn) deal for 3Com, in a major challenge to Cisco Systems. The deal is the latest sign that technology giants from IBM to Oracle are increasingly encroaching in each other’s markets as they seek to become one-stop shops for computing, [...]
MANDELSON’S MISSION TO EXPLAIN November 11, 2009 LORD MANDELSON is being tipped to take up an additional role as the government’s chief presenter of policy to the media, a post other countries call “minister of information”. Prime Minister Gordon Brown is reviewing how his administration talks to the press in the run up the next year’s general election.
Guilty plea in UBS trading case November 11, 2009 Michael Koulouroudis, a man from New York, pleaded guilty yesterday to federal charges of trading on secret tips from UBS AG investment banker Nicos Stephanou, who has also admitted guilt. The 59-year-old man now faces up to two years in jail after his sentencing, which will take place in February, for conspiracy and securities fraud. [...]
Fifty calls in the administrators November 11, 2009 Casino and private members’ club Fifty, which counts Cheryl Cole and Mike Ashley as its patrons, has called in the administrators. The company’s owners, London Clubs International (LCI) and Planet Hollywood entrepreneur Robert Earl are set to throw in the chips on Monday at the loss-making establishment. The move comes after repeated attempts to sell [...]
Hedge bonuses should be capped November 11, 2009 European Union (EU) rules to cap bankers’ bonuses and prevent excessive risk-taking should include hedge funds and private equity firms, the Swedish markets minister said yesterday. Sweden has proposed expanding plans adopted earlier this week to boost banks’ capital to include parts of the financial sector which are unregulated.
Capello shock after Young turns down England call November 11, 2009 FABIO CAPELLO was dealt a surprising blow yesterday after full-back Luke Young sensationally rejected his call-up for England’s friendly clash with Brazil on Saturday – before announcing his retirement from international football. The Aston Villa right back was given the nod to join the squad on the flight to Qatar after first-choice Glen Johnson withdrew [...]
It’s mine and I’m here to stay November 11, 2009 POSSESSION is nine tenths of the law as they say, so few will begrudge the sight of Shane Geraghty running out at Twickenham in the famous all-white of England on Saturday. Rejuvenated by a move to Northampton from London Irish in the closed season, the stylish back impressed team boss Martin Johnson sufficiently enough to [...]
Boss Jonno dials ‘H’ for help against the Pumas November 11, 2009 ENGLAND boss Martin Johnson has called upon his “Triple H” big guns to tame Argentina at Twickenham on Saturday. Johnson’s men were badly exposed in their 18-9 defeat by Australia last Saturday, prompting the boss to make four changes for the visit of the Pumas. Out from the squad completely goes No8 Jordan Crane, while [...]
