RONNIE WOOD TURNS MILLION-DOLLAR TRADER AS STARS DIAL UP 9/11 RELIEF September 12, 2011 THE PACE was frenetic as Ronnie Wood approached the euro interest rates desk with intent to broker a multimillion deal for BGC Partners at yesterday’s fundraiser to mark the tenth anniversary of 9/11. “How do you like being a trader?” The Capitalist asked the Rolling Stone as he moved on to the euro and dollar [...]
OECD expects even sharper UK slowdown September 12, 2011 THE ECONOMIC slowdown is set to be even sharper than expected, according to forward-looking data released yesterday by the Organisation for Economic Cooperation and Development (OECD). A fourth consecutive month of decline in the OECD area was recorded in the leading indicators for July, while the UK’s indicators have fallen for six straight months. The [...]
Deutsche beginning to make its presence felt September 12, 2011 NOTWITHSTANDING worries over the Eurozone and jitters about the state of the investment banking sector, there were some happy bankers at Deutsche Bank yesterday. Deutsche is the lead adviser on US group Colfax’s £1.5bn bid for Charter that was made yesterday, higher than a rival bid from the UK group Melrose. There are not many [...]
London retailers unhappy over Olympics confusion September 12, 2011 RETAILERS have been left in the dark over transport plans in London during next summer’s Olympic Games, with a leading industry body urging Mayor Boris Johnson to shed some light on the authorities’ arrangements. “Retailers are being encouraged to put plans in place for next summer but that’s difficult to do without a full picture [...]
Economic uncertainty keeps housing market weighed down during August September 12, 2011 THE UNSTABLE economic outlook kept the UK’s housing market subdued last month, a survey published this morning suggests. The average number of house sales per surveyor fell to 14 in August, the Royal Institution of Chartered Surveyors (RICS) has found – “taking transactions back to June 2009 levels”. Nearly eight in 10 surveyors reported “general [...]
Weak recovery will knock growth in oil consumption September 12, 2011 OPEC has cut its forecast for global oil demand growth next year because of a worsening economic outlook and said that disappointing economic performance in America, the top consumer, could further weigh on fuel use. The Organization of the Petroleum Exporting Countries, in a monthly report yesterday, also said concerns were easing about a tight [...]
Morale boost at Japan’s factories September 12, 2011 Big Japanese manufacturers turned optimistic in the third quarter as output recovered swiftly after the 11 March earthquake and tsunami, but scaled back forecasts for the months ahead due to the yen’s strength and a looming global slowdown, a Ministry of Finance survey showed yesterday. The index of sentiment at large manufacturers rose to plus [...]
Turkish GDP surprises on up side September 12, 2011 Turkey’s economy smashed expectations in the second quarter of the year, official data showed yesterday. The country’s GDP grew by 8.8 per cent compared to the same time last year, after surprising growth of 1.3 per cent compared to the first three months of the year. “The markets had been led to believe by the [...]
Imports hit new high in China September 12, 2011 China’s monthly imports hit a record high after jumping sharply in August, official figures showed yesterday. The country imported 30.2 per cent more than a year earlier, with imports for the month standing at $155.6bn (£98bn). Exports also jumped, however, surging almost 25 per cent to give China a trade surplus of $17.8m. However, the [...]
Mexico output jumps in July September 12, 2011 Mexican industrial output rose by 0.5 per cent in July, beating analyst forecasts, helped by strength in manufacturers such as carmakers. However, analysts expect a slowing US economy to drag down growth in the coming months.
