US politicians are facing the fiscal cliff September 25, 2012 FOR months, the markets have had their eyes fixed on the Federal Reserve; the contents of the Federal Open Market Committee’s (FOMC) monthly minutes and the possibility of another round of quantitative easing (QE3). But now the US has another problem to deal with – the so-called “fiscal cliff” at the end of 2012, when [...]
Who’s switching jobs September 19, 2012 Canaccord Genuity The broker has appointed Peter O’Malley as chief executive of Canaccord Genuity Asia. He joins from Kenosis Capital Partners, where he was chief executive and founder. O’Malley has previously worked at Deutsche Bank as a managing director, and has also held senior roles at HSBC. Mizuho International The London-based securities and investment banking [...]
Rapid responses September 16, 2012 Banking rules [Re: Why Britain’s banking rules arent’ restricting economic growth, Friday] Paul Fisher’s article is excellent. It challenges the public perception that banking rules are too restrictive and kill, effectively, the economic recovery. There are real problems facing our economy, but there is also no substitute for good credit risk analysis. The time of [...]
Game on at the Jugged Hare September 10, 2012 THE JUGGED HARE 49 Chiswell Street, EC1Y 4SA Tel: 020 7614 0134 FOOD *** SERVICE **** ATMOSPHERE ***** Cost per person without wine: £40 You shouldn’t review restaurants when you have a cold. You shouldn’t go to them at all. As anyone who remembers primary-level biology will tell you, 70 per cent of things you [...]
Dyson boss on hunt for UK engineers September 6, 2012 DYSON’S new chief executive Max Conze yesterday urged the government to do more to invest in young UK engineers and strengthen patent laws to help propel a new generation of risk taking entrepreneurs to success. Announcing record breaking profits for the firm and ambitious plans to push into China, Conze said UK engineers needed to [...]
Knightley fails to lift an unconvincing Karenina September 6, 2012 FILM DREDD Cert 18 | By Alex Dymoke **** We are just two minutes into this bleak, ultra-violent comic book adaptation when our helmeted anti-hero has blasted a flare into his criminal adversary’s mouth, burning and exploding his head from the inside. The 18-rated Dredd declines the family friendly middle-market targeted by most comic-book franchises. [...]
Tobacco giants hit as Australia set for first plain packets law August 15, 2012 TOBACCO firms saw share prices dip yesterday after the Australian high court upheld a law enforcing plain cigarette packaging, the first of its kind in the world. Shares in FTSE 100 companies British American Tobacco (BAT) and Imperial Tobacco both closed almost two per cent lower as suggestions spread that the UK and other markets [...]
Following arguments that bank regulators have failed, is self-regulation the answer? July 22, 2012 YES Peter Meinertzhagen The main problem with regulation by statutory bodies is that nothing gets done. Witness the inquiry into the fixing of Libor rates. If the governor of the Bank of England could still raise his eyebrows, as in the days of self-regulation, Barclays would have had to act or face the consequences. During [...]
Goal-line technology set for imminent Premier League use July 5, 2012 PREMIER League football finally appears to be set to benefit from the introduction of goal-line technology after its introduction was finally approved of by football’s law makers, the International Football Association Board. World football’s governing body Fifa is satisfied that two separate systems – Hawk-Eye and GoalRef – fulfill the necessary criteria, and after their [...]
Is it right that Barclays should be taking all the flak for the Libor-fixing scandal? July 3, 2012 YES Neal Lawson Barclays is getting its comeuppance. Where people break the regulations of their industry or the law of the land then they should face the appropriate punishment. We don’t know how deep the rot is – the question is how to find out? Because while Barclays, and maybe others, did it, it was [...]