Some good bits – but lots of bad stuff July 15, 2010 SO there you are: President Obama has finally got his Wall Street reform bill, a gargantuan, 2,315-page piece of legislation over which politicians and lawyers will argue for years. As we explain on page 1 and below, there is a huge amount of detail in the final version, with rules governing everything from investment banks [...]
Fed reduces forecast for 2010 growth July 14, 2010 THE US economy’s recovery will be slower over the rest of the year than originally forecast, according to the Federal Reserve, which yesterday revised down its growth projections for the first time since the economic rebound began. Minutes of the Fed’s meeting, published yesterday, showed its central forecast is now for the economy to grow [...]
Wall St falls after gloomy Fed cuts growth forecast July 14, 2010 US stocks broke a six-day winning streak yesterday, with the S&P 500 ending a hair lower after the Federal Reserve suggested additional measures may be needed to combat a weakening economy. Optimism over the start of earnings season limited declines after Intel reported better-than-expected results on signs of renewed corporate spending. Shares of Intel rose [...]
Hard work starts here for Capello July 14, 2010 THE Football Association have one almighty PR exercise on their hands if they are to generate interest for England’s friendly with Hungary on 11 August. After leading a dismal World Cup campaign, I feel it’s down to coach Fabio Capello to come out and shoulder the blame, while assuring fans of a brighter future. If [...]
SMEs will save the UK… but my kids are all learning Spanish just in case July 12, 2010 WOL KOLADE, managing partner at Isis, is worried. The future of private equity – and the UK economy as a whole – is at a turning point, he says, and he’s not sure which way things will go. And when Kolade worries, people should listen – he knows what he is talking about. He joined [...]
Shop prices seen stabilising July 6, 2010 SHOP prices are expected to be less volatile for the rest of the year but January’s VAT hike to 20 per cent will put upward pressure on inflation in 2011, the British Retail Consortium will say today as it reveals that overall shop price inflation slowed to 1.5 per cent in June from 1.8 per [...]
Spice rejects Cinven again July 6, 2010 UTILITIES services company Spice will talk with its largest shareholders today after knocking back an improved takeover offer from Cinven, the private equity house. The FTSE 250 firm rejected a second approach of between 62p and 65p per share, worth up to £230m, as it revealed full-year results in line with expectations yesterday. Spice delivered [...]
Oranje-Boom! Holland march into World Cup final July 6, 2010 URUGUAY (2) vs HOLLAND (3) HOLLAND survived late Uruguayan pressure to maintain their incredible 25-game winning streak and book their place in the World Cup final. The Cape Town skyline descended into a sea of orange as Bert van Marwijk’s side remained on course to lift the country’s first-ever world trophy and finally bury the [...]
No longer safe or sound July 6, 2010 WITH disappointing datasets coming out of the US – from employment to house prices – and equity markets looking shaky, some analysts have started to question whether this could be the beginning of the end for the greenback as the world’s “safe haven”. While such scenarios are usually imagined to play out over five- or [...]
It’s a decent result, claims flogged Fed June 30, 2010 ROGER FEDERER saw the defence of his Wimbledon title come to a halt on Centre Court yesterday, but insisted: “It’s a decent result.” The Swiss top seed went down 6-4, 3-6, 6-1, 6-4 to 12th seed Tomas Berdych – his first defeat before the final at SW19 since 2002. Federer cited a back and thigh [...]