US jobs likely to see increase in September October 1, 2014 US ECONOMIC growth looks robust as data released yesterday showed more Americans were getting jobs as well as the manufacturing sector growing strongly. Private employers created 213,000 jobs in September, according to payroll processor ADP.Trade, transportation and utilities led the job gains, with 38,000. Manufacturers added 35,000, and professional and business services, 29,000. Economists now expect [...]
Forget Crossrail, Boris Johnson proposes south London Tube extension to Camberwell, Lewisham and Bromley September 30, 2014 Are you a south Londoner, fed up with the lack of Tube infrastructure, forced to rely on overcrowded overground trains for your daily commute? Me too. So maybe you should respond to this consultation over a proposed extension to the Bakerloo line, bringing the Tube out to New Cross, Lewisham, Bromley and Hayes. [...]
QE or not QE? Mario Draghi’s policy dilemma – CNBC Comment September 29, 2014 It seems as if the European Central Bank (ECB) has been debating whether to head down the QE path forever. ECB-watchers have been reduced to pondering what the shade of Mario Draghi’s (usually blue) tie might mean for future asset purchases. But no matter how reluctant Draghi might be to label it as such, this [...]
US consumer spending rises 0.5 per cent: Were the US’ job woes just a blip? September 29, 2014 Over the past few weeks, economic data coming out of the US has been less than encouraging, but new personal spending figures suggest those disappointments were little more than a blip. Figures from the US Commerce Department released today showed personal spending rose 0.5 per cent in August, having fallen 0.1 per cent in July, [...]
New York Report: US jobs figures will give clues on bond buying September 28, 2014 US JOBS numbers on Friday are likely to confirm that the fast-recovering American economy has reached the point where the Federal Reserve can finally halt its massive bond-buying stimulus. The US economy looks to be on course for growth of about two or 2.5 per cent this year, and the Fed intends to halt its [...]
“Maybe I’m just a 70-year-old Justin Bieber”: The best quotes from new Janus Capital hire, Pimco co-founder Bill Gross September 26, 2014 Legendary investor Bill Gross has defected from his hugely successful business Pimco to Janus Capital. After 43 years at the firm which manages trillions of dollars of assets, he knows a thing or two about investments. Here are some of Gross’ best quotes from creating the buzzword “new normal” (but not trademarking it) to human [...]
Golf Comment: Europe to strike fear into USA as Ryder Cup begins September 25, 2014 WE always say the previous Ryder Cup tussle will never be beaten. And while all the tournaments over the years have been magnificent in some form you will have to go some way to surpass Medinah two years ago. The triumph at Medinah was without doubt our greatest victory. To come from four points behind [...]
8/11 on Europe too big to miss for Ryder Cup September 24, 2014 PATRICK CALLAGHAN PREVIEWS THE RYDER CUP AT GLENEAGLES STAR SPORTS have dangled a massive carrot for golf fans ahead of the start of the Ryder Cup tomorrow at Gleneagles by going an industry-best 8/11 for new accounts on Europe to land a third successive trophy against the USA. Europe were the value last year at [...]
Four of the best business books released in 2014 September 23, 2014 From the digital economy to Richard Branson, Liam Ward-Proud lists this year’s top reads. It's been a bumper year so far for business reads, with releases from the likes of Virgin founder Richard Branson, as well as several books tracing crucial trends in the fast-changing global economy. With judging panels due to start drawing [...]
Federal Reserve’s William Dudley sees inflation staying low despite rise in hiring September 22, 2014 Unemployment can continue falling to unusually low levels without risking dangerously high inflation, Federal Reserve policymaker William Dudley said yesterday. Inflation has been running below the Federal Reserve’s target for more than two years, meaning there may be more room than expected to allow growth to surge before any rate rises. Dudley is already considered [...]