European stocks will rebound after US jobs shock August 8, 2010 THE closely-watched US non-farm payrolls figure was responsible for denting European stock markets on Friday, after the data pointed to a steeper than expected decline. Nevertheless, the Dow rallied some 130 points after European markets closed to recover much of its losses for the day, and that resilience is forecast to carry through and boost [...]
Discounts take non-food inflation to 10-month low August 3, 2010 AGGRESSIVE discounting by retailers caused non-food inflation to decelerate to just one per cent, its slowest rate of growth since November 2009, the British Retail Consortium (BRC) will say today. Overall, shop price inflation remained at 1.5 per cent thanks to an acceleration in food inflation to 2.5 per cent. Stephen Robertson, director general of [...]
Go long on the rupee to target Indian growth August 3, 2010 WITH the Indian government finally adopting a standardised symbol for the rupee last month, there are ever more signs that the currency is going to become more accessible to investors. Given its persistent weakness against the dollar in recent times – out of line with other Asian currencies, as the chart on the right shows [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 2, 2010 FINANCIAL TIMES LIVERPOOL FC AUCTION ATTRACTS GLOBAL INTEREST Global interest in the auction of Liverpool Football Club intensified on Monday with prospective bidders emerging from Hong Kong and the Middle East. Chinese sports entrepreneur Kenneth Huang has made an approach to Liverpool’s bankers Royal Bank of Scotland and US-based Wachovia seeking support for a deal, [...]
Bosses’ pay: the long and short of it August 1, 2010 THERE have been far too many cases of rewards for failure in corporate Britain in recent years. It must become easier and cheaper to sack bosses who fail to deliver. There are tentative signs, however, that shareholders and boards are becoming better at controlling CEOs. It is also vital that successful bosses should be rewarded [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 27, 2010 FINANCIAL TIMES SOROS SET TO BUY STAKE IN BOMBAY EXCHANGE George Soros, the billionaire investor, is in final talks to buy Dubai Holding’s 4 per cent stake in the Bombay Stock Exchange, as foreign investor interest in India’s fast-growing financial markets rises, people close to the matter said. Soros Fund Management is planning to pay [...]
GET PRACTISING YOUR POKER FACE: A NEW CLUB IS COMING TO TOWN July 21, 2010 WOULD you believe it, but I hear London’s very first official poker club is only just preparing to open its doors to the public. The venture is the brainchild of Chris North, a former captain of the Harlequins under-21 rugby team before he joined the world of online gaming 12 years ago. It was while [...]
Fuel price dip cuts inflation rate for June July 13, 2010 FALLING fuel prices helped annual inflation to ease in June for the second month in a row but core inflation, which excludes energy and food costs, worrying rose last month, official data showed yesterday. The Office for National Statistics (ONS) revealed the consumer prices index (CPI) eased to 3.2 per cent last month from 3.4 [...]
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 [...]
What to look out for in the Budget June 21, 2010 THE ECONOMY/PUBLIC FINANCES • The newly-created interim Office for Budgetary Responsibility (OBR) released forecasts last week for growth and public borrowing. But these were based on the policy decisions of Alistair Darling’s Budget and are likely to change in response to moves made by the new chancellor. • Previously, the OBR said GDP?growth is expected [...]