What the other papers say this morning November 15, 2012 FINANCIAL TIMES France Telecom open to EE listing France Telecom has opened the door for a flotation next year of EE, the UK’s largest mobile phone group by customer numbers that it owns with Deutsche Telekom. Gervais Pellissier, deputy chief of France Telecom, said that there “could be some space at the end of next [...]
US Fed minutes hint at further stimulus in 2013 November 14, 2012 THE FEDERAL Reserve may replace its so called Operation Twist with further conventional quantitative easing at the start of next year, its latest minutes suggested last night. Operation Twist has involved the Fed selling its short-term securities and using the proceeds to buy longer-term debt, in a bid to stimulate growth by weighing down even [...]
Congress may kick the fiscal can off its cliff November 12, 2012 AS WE rumble towards 31 December, US policymakers seem to be doing little of substance to address America’s looming fiscal cliff. And unless making speeches about the problem is going to make it go away, it is highly likely that we will see the kind of market uncertainty that we last witnessed in the summer [...]
JP Morgan can start buybacks post Whale loss November 8, 2012 JP MORGAN Chase & Co revealed yesterday that US regulators have approved a plan for the bank to use its capital to buy back as much as $3bn (£1.87bn) of its stock in the first quarter of 2013. The company also disclosed that it has reached “an agreement in principle” with the Securities and Exchange [...]
All eyes on the fiscal cliff as conflicts linger November 7, 2012 INVESTOR worries over the so called US fiscal cliff are growing following the re-election of Barack Obama to the White House and continuing Republican control of the House of Representatives. Republican House speaker John Boehner last night told Obama that his colleagues were ready to be led towards a fiscal solution. Democrat Obama’s first term [...]
How the result might affect UK companies November 7, 2012 As the dust settled on President Obama’s second-term victory, share prices were quick to react yesterday to the impact of another four years of his reign. Financial shares lost ground as any hopes the Volcker rule, part of the Dodd-Frank reforms, curbing proprietary trading by Wall Street banks in securities and derivatives, would be repealed [...]
Economist says Dow would soar on Romney win November 5, 2012 A VICTORY for Republican candidate Mitt Romney in today’s US Presidential election could cause the Dow Jones to jump by a huge 500 points, it was suggested this morning. Analysts and investors are expecting incumbent Democrat Barack Obama to retain the top seat in the White House, with such an outcome believed to be priced [...]
How the dollar could predict the US victor November 5, 2012 Forget the exit polls and track how the greenback reacts tomorrow TUSCAWARAS. Volusia. Arapahoe. Investors looking for early signs of the outcome of the US presidential election tomorrow will want to scrutinise results from these three swing counties in Ohio, Florida, and Colorado respectively. Or they could just watch the dollar. The dollar, rather than [...]
America’s jobs nightmare requires fresh thinking November 5, 2012 TOMORROW is decision day for Americans, who must choose who they want to see in the White House for the next four years: Barack Obama, the Democratic incumbent, or Mitt Romney, the Republican challenger. America will also be voting for a new Congress. This newspaper is not shy of giving its endorsements to candidates in [...]
Czech Republic retain Fed Cup November 4, 2012 The Czech Republic beat Serbia 3-1 in Prague yesterday to successfully defend the Fed Cup. Lucie Safarova comfortably defeated former world No1 Jelena Jankovic 6-1, 6-1 after Ana Ivanovic had beaten Petra Kvitova to raise Serbian revival hopes.