After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Young, hopeful and about to start boosting growth rates January 12, 2011 FOR MUCH of the last two decades, the Chinese economy has astonished investors and worried politicians. Growth of an average of 9.3 per cent has been driven by an astonishing bout of domestic investment. But it has also been helped on by an immense “demographic dividend”, engineered by the country’s one child policy. But with [...]
Credibility risk places pressure on BoE’s King January 12, 2011 BALLOONING global prices and stubbornly above-target inflation in the UK are piling pressure on the Bank of England’s rate setting committee to tighten its monetary policy. The Monetary Policy Committee (MPC) makes its latest announcement on interest rates at lunchtime today. The MPC is expected to hold rates at the historically low 0.5 per cent, [...]
Corporate sales boost Sodexo January 12, 2011 FRENCH caterer Sodexo kept its 2011 goals for higher sales and profits, despite North American unemployment, a struggling public sector in Europe, and rising food prices that make the economic climate challenging. The world’s second-biggest catering services company after Britain’s Compass Group posted a 10.5 per cent rise in fiscal first-quarter sales yesterday. Sodexo benefitted [...]
M&S sales rise but year ahead set to be harsh January 11, 2011 MARKS & SPENCER saw sales rise in the key Christmas period but the retailer warned that 2011 would be tough, with austerity measures and the spectre of inflation rises to take their toll. Same-store sales rose 2.8 per cent in the UK in the 13 weeks to 1 January despite the impact of the snow. [...]
UK’s retailers struggle with price inflation January 11, 2011 SHOPS are battling the effects of rising inflation, the British Retail Consortium (BRC) announced today. Shop price inflation hit 2.1 per cent last month, the group said, up from two per cent in November. The rate will concern consumers, but is “well below the wider consumer price index” (CPI) as retailers absorb the effects of [...]
G20 reassures that it will tackle food price inflation January 7, 2011 THE Group of 20 leading economies have started working-level talks on the soaring food prices that are stoking fears of a repeat of the 2008 food crisis. Global food prices hit a record high last month, outstripping the levels that sparked riots in several countries in 2008, and key grains could rise further, the United [...]
Falling real wages don’t have to mean pain January 6, 2011 THANKS to inflation of 4.7 per cent, most workers will probably see cuts in the real purchasing power of their salaries in 2011. But there is no reason for that to cut into your living standards. Here are some easy New Year’s resolutions to follow that will help you endure austerity Britain without feeling too [...]
Service sector activity plunges to 20-month low January 6, 2011 Large swathes of the service sector suffered their first fall in output since April 2009 last month, a major survey showed on Thursday, pointing to a sharp slowdown in economic growth at the end of 2010. GDP probably grew by just 0.4 per cent in the last three months of 2010, lower than many economists [...]
New Year boom sees FTSE lifted over the 6,000 mark January 4, 2011 BRITAIN’S top shares rose sharply yesterday, the first session of 2011, lifted back above the key 6,000 level by heavyweight oil stocks and banks, as solid economic data prompted a return of investor risk appetite. Fresnillo, the Mexican silver miner, jumped 85p to £17.53 on revived talk that billionaire Carlos Slim might be taking a [...]
Eyes on ECB interest rates, as inflation in Eurozone jumps to a 26-month high January 4, 2011 INFLATION across the Eurozone increased to 2.2 per cent in December, its highest level for over two years, it was estimated yesterday. The jump of 0.3 per cent from November’s rate takes consumer price index (CPI) inflation above the European Central Bank’s (ECB) target of “just below” two per cent. It is the first time [...]