Manufacturing output growth slowest for 18 months October 11, 2011 Manufacturing output grew at its slowest pace for 18 months in the year to August , continuing a loss of momentum that bodes ill for government hopes of export-driven growth. A big monthly rise in output from the volatile oil and gas sector lifted the broader industrial output measure, but overall growth was broadly in [...]
HSBC: Asian trade will double by 2025 October 11, 2011 Asia’s trade volume will almost double by 2025 and will be the key driver of world trade growth despite current global economic headwinds, HSBC said in a report. Asia’s trade volume will grow 96 per cent to nearly $14 trillion (£8.95 trillion) by 2025, recording annual year-on-year growth of 4.8 percent versus an estimated 3.8 [...]
Robert Walters profits up but UK market stuttering October 11, 2011 Recruitment firm Robert Walters posted a 13 per cent rise in third-quarter gross profit, although it said growth was slowing as its markets become more challenging. The firm, which specialises in placing people in accountancy, banking and IT, on Tuesday said net fees for the three months to 30 September were £48M, compared to £42.5m [...]
Anti-Keynesians win the Nobel prize October 11, 2011 THERE are two kinds of non-Keynesian economists these days. The first category includes those such as Thomas J Sargent, a member of the new classical school of economics, who yesterday was awarded the Nobel Prize in economics, jointly with Christopher Sims, a econometrics guru who among other achievements demolished the traditional graphical Keynesian construct taught [...]
BlackBerry server fail hits millions October 10, 2011 MILLIONS of BlackBerry users across Europe, Africa and the Middle East lost access to data services yesterday, in what one industry insider described as one of the biggest outages he has ever seen. Customers across all major networks were unable to access emails, Messenger or internet services from 11am yesterday morning. Email services were restored [...]
Vickers: UK banks to stay October 10, 2011 NO BANK will leave the UK as a result of the Independent Commission on Banking’s (ICB) proposals, its chair Sir John Vickers claimed yesterday. But his fellow ICB members broke ranks to suggest that other measures such as the UK’s balance sheet levy for banks could make lenders reconsider their domicile. During the hearing of four [...]
Anti-Keynesians win the Nobel prize October 10, 2011 THERE are two kinds of non-Keynesian economists these days. The first category includes those such as Thomas J Sargent, a member of the new classical school of economics, who yesterday was awarded the Nobel Prize in economics, jointly with Christopher Sims, a econometrics guru who among other achievements demolished the traditional graphical Keynesian construct taught [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 10, 2011 FINANCIAL TIMES TOUGH CARE HOME REGULATIONS PROPOSED The government is considering a series of tough regulations for residential care homes following the collapse this year of Southern Cross, the UK’s biggest home operator. The measures, outlined yesterday for consultation, include requiring companies to post capital upfront as a condition of their licence, and giving councils [...]
Cameron backs Liam Fox October 10, 2011 PRIME MINISTER David Cameron said yesterday that Liam Fox made “serious mistakes” in his dealings with Adam Werritty but backed his embattled defence secretary pending a full report into his conduct. Cameron’s comments came after an interim report on Fox’s ties with Werritty – a close friend who has no official post within the government [...]
US stocks rally on Eurozone’s rescue pledge October 10, 2011 US STOCKS soared yesterday as investors bet on a pledge by Germany and France to unveil new measures to solve the European debt crisis by the end of the month. Following weeks of intense swings in the stock markets, the Dow Jones industrial average closed up by 330.06 points, or 2.97 per cent, to end [...]
