After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
City Moves for 25 July 2013 | Who’s switching jobs July 24, 2013 bfinance The consultancy has announced the appointment of Roubesh Adaya as a senior associate in its research team. He will be covering research into fixed income asset investments, and joins from BNP Paribas Asset Management. Barclays Vivian Chan has joined the bank as regional head of north Asia in its wealth and investment management division. Chan [...]
Treasury clamps down on bank to bank lending July 17, 2013 RINGFENCED banks will not be allowed to lend to other banks in future, the Treasury announced yesterday, as part of a drive to stop institutions becoming entangled. The consultation on bank reforms sets out which activities will be allowed within the ringfenced bank – the part of the lender including basic retail services, which regulators [...]
Coalition’s tweaks and gimmicks won’t reboot our economy June 23, 2013 SO was that it, then? When it comes to measures affecting our ailing economy at least, the coalition’s programme unveiled by the Queen yesterday can only be described as yet another damp squib. It contained a list of modest tweaks of the kind that a complacent government in the middle of a frenzied boom might [...]
Funding for Lending isn’t working: Why the Bank is missing the point April 29, 2013 IN THE debate about why Britain’s monetary policy is not working, there has been too much focus on whether the Bank of England should buy more government bonds or move to negative interest rates. Both miss the point. The primary reason monetary policy is not working is that the transmission mechanism is broken. There is [...]
IMF warns of easy money timebomb April 14, 2013 PRINTING money for years on end risks long-term damage to the economy and parts of the financial sector, the International Monetary Fund (IMF) warned yesterday. After so much quantitative easing (QE), it will be very hard for central banks like the Bank of England and the Federal Reserve to even begin reversing the extraordinarily loose [...]
Osborne’s gambled on the wrong policy March 23, 2013 THERE is a striking paradox at the heart of George Osborne’s approach to the economy, as demonstrated yet again in yesterday’s Budget. He was remarkably risk-averse with his tax and spend policies, refusing to embrace the kinds of shock and awe tax reforms many of us wanted, or to cut spending faster, though he did [...]
Moody’s blues already anticipated by markets February 25, 2013 The loss of the UK’s AAA has shocked nobody WHEN Moody’s stripped the UK of its AAA rating on Friday, few were surprised. It is a move that the markets had been anticipating for months, and the lack of any significant market reaction shows just how much the decision had already been priced in. From [...]
The ultimate risk-taker eyes growth February 24, 2013 Zurich’s boss tells James Waterson how car insurance can pay if there are no crashes MARTIN Senn seems unusually enthusiastic about the impending destruction of a large part of his business. But the mild-mannered chief executive of Zurich is excited about what a world without car crashes would mean for his company’s motor insurance operations. [...]
Britain: a case study in low-growth economic mediocrity February 22, 2013 BRITAIN is stuck in a rut. No wonder that investors and credit rating agencies are losing patience: the coalition doesn’t have the guts or decisiveness needed to jolt the UK out of its present mediocrity, while the opposition is busy dreaming up new taxes, thinks that a slightly looser fiscal policy would transform our prospects [...]
Countrywide in float plan in bid to raise £200m February 21, 2013 COUNTRYWIDE Holdings, Britain’s largest estate agency, is to return to the market six years after it was taken private, heralding a further sign of recovery in the housing market. The company aims to raise £200m through the issue of new shares, which it said it will use to repay debts and fuel further growth. It [...]