The cut-throat world of New York’s super-rich August 12, 2009 HEDGE FUND WIVESBY TATIANA BONCOMPAGNIHarper Collins, £6.99 IT may sound a little out of date – after all, we’re so over hedgies and their failed fortunes. Except the New York hedge fund world, including its cut-throat circle of wives, still holds more interest than you’d think. This is not the first tale of high finance [...]
CAREERS CLINIC August 12, 2009 MICHAEL MORANMANAGING DIRECTOR OF FAIRPLACE I work in asset management. My boss is moving to another firm, and he is asking me to come with him. Should I join him? YOU have to weigh up the pros and cons here carefully. It’s a good signifier of your own abilities if your boss is reliant on [...]
Managing a strategy for career change August 12, 2009 IT’S HARDLY unusual for people in their late twenties to decide that the area they’re working in isn’t actually the career they want to pursue. Tristan Smith had been working successfully in the airline industry for eight years – even moving from her home town of Sydney, Australia to the US city of Chicago – [...]
China charges Rio detainees August 11, 2009 China last night formally arrested four employees of British-Australian mining giant Rio Tinto, including an Australian citizen, and charged them with commercial bribery and trade secrets infringement in a case that has rocked the global steel industry. The four have been held without charge since 5 July. In a brief statement on the arrests, reported [...]
GM unveils super-efficient car August 11, 2009 Troubled auto giant General Motors said yesterday its new electric car, the Chevrolet Volt, will be marketed in 2011 as the world’s most fuel-efficient car. The Volt is expected to achieve city fuel economy of at least 230 miles per gallon, and can travel 40 miles on electric power alone. The record-breaking level of fuel [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 11, 2009 FINANCIAL TIMES DEUTSCHE BANK BACKS €300M SAL OPPENHEIM INJECTIONDeutsche Bank has backed a €300m ($423m) injection of capital for Sal Oppenheim as the two banks continue their talks over a possible equity shareholding. Sal Oppenheim, a 220-year-old institution that claims to be Europe’s largest biggest independent private bank, said the equity injection was made by [...]
Hyder wins two new contracts August 11, 2009 Infrastructure design consultancy Hyder Consulting has been awarded two contracts by Crossrail. The contracts are for the design of a rail station at White-chapel – to provide connections for Crossrail, London Underground and East London Line rail services – and the design of the ground level railway adjacent to Royal Victoria Dock.
Investors hungry for Findel August 11, 2009 Home shopping group Findel yesterday said that it has received strong support from investors for its £81m fundraising, with 97.9 per cent of shares available under open offer being taken up. The owner of Kleeneze announced the offer, along with a share placing, in July. Both were at an offer price of 20p per share.
THANKS, BUT NO THANKS August 11, 2009 RATAN TATA, the head of Jaguar Land Rover owner Tata Motors, told the government yesterday it no longer needs financial support for the carmaker. Tata said the company had secured direct bank loans, as well as guarantees that would allow it access to a £340m European Investment Bank loan.
FSA waters down planned rules on banking bonuses August 11, 2009 THE Financial Services Authority (FSA) has watered down plans to regulate how bankers receive their bonuses due to fears that firms could move abroad to avoid the rules. The City watchdog had considered recommending that two thirds of each bonus should be deferred and individual rewards be governed by the firm’s overall performance. But the [...]
