London is the world’s third most expensive city for dating April 22, 2015 Anyone who is fed up of paying through the nose for a date in London's expensive bars and restaurants will be envious of cities such as Mumbai where a cheap date typically costs just $24.70 (£16.53), according to new research. That's about the same as an adult zones 1-6 day travel card, a ticket for Vue [...]
Greece may not default – but still be insolvent – CNBC Comment April 20, 2015 How important is Greece to Europe? The real answer is that nobody really knows. But time doesn’t stand still, and we are now moving closer to some very real debt repayment deadlines. Athanasios Orphanides, former member of the European Central Bank (ECB) Governing Council, told me last week that he thinks the ECB is in [...]
Investment firm Citadel snags Ben Bernanke April 16, 2015 FORMER US Fed chairman Ben Bernanke has been lured to a role for Citadel in his first commercial role since leaving the Fed in January 2014. Bernanke will keep his role at the Brookings Economic Studies Program while he advises Citadel on monetary policy, financial market and global market developments.
Ballance tips Test towards England win April 16, 2015 BATSMAN Gary Ballance celebrated a century that made up in value what it lacked in fluency after steering England towards probable victory in the first Test against the West Indies last night. Ballance’s resilient 122 helped the tourists to a second-innings tally of 333-7 declared and ultimately a lead of 339 at the end of [...]
Ex-Federal Reserve chief Ben Bernanke is joining hedge fund Citadel April 16, 2015 During his time as chief of the world's most powerful central bank, Ben Bernanke helped steer the United States economy away from financial Armageddon. He threw the country's investment banks a much needed life-line, enacted an enormous direct stimulus package and large-scale monetary stimulus. Fast forward to today and Bernanke has been taking it a little easier [...]
This pro-immigration group has launched a nationwide poster campaign April 9, 2015 If you're fed up with the anti-immigration rhetoric surrounding this year's General Election … (ahem, Ukip) then here's a group that's actually doing something about it. The Joint Council for the Welfare of Immigrants (JCWI), which consistently campaigns against discrimination, is spending £44,000 on posters highlighting the importance of immigrants to British society. "The poster campaign [...]
Federal Reserve officials divided over timing of interest rate hike April 8, 2015 US FEDERAL Reserve members clashed during their meeting last month over whether to begin hiking interest rates in June or to wait until the second half of this year, according to the minutes from the meeting released yesterday. Several thought it would be a prime time, but others argued the strong dollar and low global [...]
Fed minutes and mergers spark late rally – New York Report April 8, 2015 US STOCKS ended a volatile session yesterday with modest gains after minutes from a Federal Reserve meeting indicated that the central bank remained on track for a interest rate hike this year. The Dow Jones industrial average rose 27.09 points, or 0.15 per cent, to 17,902.51, the S&P 500 gained 5.57 points, or 0.27 per [...]
Federal Reserve minutes: Policymakers divided on timing of rate hike April 8, 2015 The Fed finally lost its "patience" last month, a move initially thought to imply short-term rates would rise in June, but then fed chair Janet Yellen tempered expectations by saying this "doesn't mean we are going to be impatient". And now we know why. Minutes released today show a marked divergence among officials on whether they [...]
TNT Express share price rises on FedEx’s €4.4bn bid April 7, 2015 Shares in Dutch firm TNT Express leapt by a third yesterday after FedEx announced a €4.4bn (£3.2bn) all-cash offer to acquire the beleaguered delivery giant. TNT has struggled since European regulators prevented it from merging with UPS in 2013, with its market share declining by five per cent leading to a €137m loss in the [...]