Polymetal gives reserve estimate May 12, 2014 FTSE 250-listed miner Polymetal International yesterday published an initial reserve estimate of 7.3m tonnes, with 700,000 ounces of gold contained, at its Svetloye project in Russia. The project is expected to be reviewed by the company’s board of directors in the third quarter. If the decision is positive, construction will commence in 2015 with first [...]
New York Report: Dow and S&P hit new peaks and Nasdaq up May 12, 2014 THE DOW and S&P 500 ended at record highs last night while the Nasdaq rallied as shares of internet and biotech shares advanced. Biogen Idec jumped 4.8 per cent to $300.54 and TripAdvisor rose 5.8 per cent to $89.51. Twitter gained 5.9 per cent to $33.94 after news reports that brokerage SunTrust raised its rating [...]
Asian markets wary after east Ukraine vote May 12, 2014 Asian shares outside of Japan are on the rise as investors drew hope from the possibility of the Chinese government taking further action to boost the economy. Last week, President Xi Jinping said the world's second largest economy needed to readjust to a "new normal". Restrictions on foreign investment in listed Chinese companies have been [...]
Separatists in Ukraine cheer huge turnout May 11, 2014 SEPARATISTS in the east of Ukraine last night hailed a number of self-rule referendums in the region a success, despite accusations of fraud. Voters in the country went to the polls to determine whether eastern regions of Donetsk and Luhansk will remain in Ukraine or operate under self-rule. Votes were being counted overnight and a [...]
London Report: Inflation report to give clues for future rates rise May 11, 2014 ALL EYES will be on Bank of England governor Mark Carney this week when he delivers the week’s big economic set piece event with the Bank’s quarterly inflation report on Wednesday. Investors will be hoping his forecasts for growth and inflation give a clearer signal about when interest rates will finally rise. Britain’s growth forecasts [...]
Letters to the Editor – 12/05 – Astrazeneca board, City jobs, Best of Twitter May 11, 2014 Astrazeneca board [Re: Why the government doesn’t need to protect Astrazeneca, Friday] A sound and balanced piece by Roger Barker. I am somewhat impressed by the integrity shown by the Astrazeneca board so far in this bid. I sense that they have real belief in their strategy now that they are seeing evidence of recovery [...]
How Eurovision’s jury panels are robbing eastern countries May 11, 2014 Many of the people frantically dialling in their support for Eurovision entries from eastern Europe (and even further east than that) might have been disappointed last night – Polish viewers have been particularly annoyed that their entry did so well on with the public vote and yet ranked so poorly. That’s because the contest [...]
What the other papers say this morning – 09 May 2014 May 8, 2014 FINANCIAL TIMES Apple in talks for $3.2bn Beats deal Apple will acquire Beats’ streaming music service, which launched this year, and its audio equipment business, which includes its brand of headphones and audio equipment. The Beats management team will report to Mr Cook, sources said. Apple and Beats did not comment. The deal is likely [...]
Letters to the Editor – 09/05 – Chinese innovation, Best of Twitter May 8, 2014 Chinese innovation [Re: As Alibaba unveils its IPO plans, can China leapfrog the West in innovation? yesterday] China has a huge pool of natural resources and a vast supply of cheap labour. But the key to unlocking innovation lies in having leading higher education institutions and research. A quality deficit can in part be compensated [...]
The UK’s most frequent visitors are nowhere near its biggest spenders May 8, 2014 Almost 33m people visited Britain last year – an increase of nearly 5.6 per cent since 2012. What’s more (literally), is how much tourists spent: the amount jumped 12.7 per cent to £21bn last year, according to the Office for National Statistics. Its Top 50 tourism infographic puts the number of visits to the UK [...]