JOBS of the WEEK July 11, 2012 PRIVATE EQUITY MANAGING DIRECTOR SINGAPORE $150k+ pa A highly reputable private equity house is looking for an experienced managing director for its Indonesia-focused fund. Applicants must have at least 10 years’ experience in the sector. http://www.cityamcareers.com/job/19887 UNDERWRITING MANAGER SOUTH EAST £75k-£110k pa A word-leading insurer requires an underwriter to develop a portfolio of business within [...]
Goldman Sachs: A host of medals might make up for Olympic costs July 11, 2012 HISTORICALLY, the financial reward of hosting the Olympics has been mixed: the 1972 Munich Olympics and the 1976 Montreal Olympics made significant losses, while the Games held in Los Angeles (1984), Barcelona (1992) and Atlanta (1996) each made a profit. Moreover, if you fully account for all of the costs related to the hosting of [...]
Sclerotic jobs figures put the economy off-limits for Obama’s campaign July 11, 2012 THE US economy is still stumbling, creating a severe problem for President Barack Obama’s hopes for re-election in November. In June, the private sector created an abysmal 80,000 new jobs. Unemployment remains high at 8.2 per cent, and there’s little prospect of it dropping any time soon. With 117 days to election day, America’s ongoing [...]
Wikipedia fails to let CEOs defend against vandals July 11, 2012 A TOTAL of 55 of the FTSE 100 chairmen and 53 of their chief executives now have their own Wikipedia pages. Whether they like it or not, Wikipedia is the prism through which the world views them. As the sixth most-visited site on the web, it is one of the key media phenomena of our [...]
Are the coalition’s plans to allow the elderly to defer care costs until death the right step? July 11, 2012 YES Les Mayhew These proposals represent a practical and measured approach to the problem of reforming social care in England. We are pleased that no decision is being made on the lifetime care cost cap (which would put a cap on the amount people would pay for care during their lifetime). We propose a different [...]
RAPID RESPONSES July 11, 2012 Coalition in peril [Re: Massive revolt by Tory MPs is beginning of the end for coalition, yesterday] The Tories’ big failure is economic. Why is it that their biggest insurrection is over something as marginal as Lords reform? John Page We don’t need a House of Lords. Or a monarchy for that matter. A unicameral [...]
It’s time to Kickstarter your life July 11, 2012 CROWD FUNDING is the latest buzz-word in Silicon Valley, with entrepreneurs and mad scientists alike asking the public for micro-investments of a few dollars (or a few thousand) to fund the production of their projects. Kickstarter is the reigning king of the sector, with thousands of companies raising funds through its website. Public investments are [...]
Opec says growth in oil demand to slow in 2013 July 11, 2012 World oil demand growth will slow in 2013 from the already weak 2012, OPEC said on Wednesday, citing Europe’s debt worries, a faltering US economic recovery and deceleration of growth in emerging markets. The Organisation of the Petroleum Exporting Countries (OPEC), which produces a third of global oil, said healthy output levels from non-OPEC producers [...]
FTSE tracks Wall Street losses July 11, 2012 The FTSE 100 fell in early trading tracking overnight losses on Wall Street as the US earnings season revealed corporate weaknesses. US stocks fell for a fourth day after a sales warning from engine maker Cummins came on top of earlier weak forecasts from chipmakers Applied Materials and Advanced Micro Devices. In London luxury retailer [...]
Hays dented by Eurozone gloom July 11, 2012 Recruiter Hays said quarterly net fees rose two per cent, at the bottom end of expectations, as trading in many markets worsened with clients worried about the global economy. “Whatever country you go to in the world, all of the European sovereign debt issues are front and centre on the newspapers and press,” finance director [...]
