Syria urged to yield weapons September 9, 2013 AS President Barack Obama struggled to rally Congress and the American people behind military action in Syria, Russia seized on a remark by his secretary of state John Kerry yesterday to say Damascus should save itself by handing over its chemical weapons. Prime Minister David Cameron joined the calls for Syria to place its arsenal [...]
PwC boss sees reasons to be cheerful in flat markets September 8, 2013 Chairman Ian Powell tells Marion Dakers about how the accountancy firm is seeking new sources of growth I’M slightly concerned,” says Ian Powell. “I thought that the activity in the transfer window was tense, and we have not gotten off to the best of starts.” The chairman of PwC UK might be harbouring doubts about [...]
Tokyo to stage the 2020 Olympic games September 8, 2013 TOKYO was awarded the 2020 summer Olympic Games this weekend, beating Istanbul in a head-to-head vote after Japanese Prime Minister Shinzo Abe delivered a charismatic plea to the International Olympic Committee and promised Japan’s crippled nuclear plant was “under control”. The Japanese capital won what one insider had called a “least-ugly” contest by most effectively [...]
How the geography of global innovation is rapidly changing September 8, 2013 Liam Ward-Proud investigates the cities that are attempting to foster new startup cultures WIKIPEDIA founder Jimmy Wales has called on Britain to extend its entrepreneurship visa scheme to make London more enticing to startups. He joked that “nobody wants to live in San Jose, California – it’s incredibly boring”. But the geography of global innovation [...]
Sell-off as Putin announces Russia is assissting Syria with arms shipments September 6, 2013 US equities and the dollar are selling off on the announcement by Russian President Vladimir Putin that Russia will assist Syria if strikes against Syria are launched. Putin has said that Russia is already assisting Syria with arms shipments. USDJPY hit hard as US Treasury bonds rallying again (yields lower) on Russia rhetoric. Wow. — [...]
Usmanov controlled Mail.ru sells down Facebook stake September 5, 2013 A COMPANY controlled by Russia’s richest man, billionaire Alisher Usmanov, has sold down a $528m (£338m) stake in US tech giant Facebook after the share price’s stellar rally this year. Usmanov, who is also a shareholder in Arsenal football club, sold 142m shares through his Mail.ru Group vehicle, which represents about 0.6 per cent stake, [...]
Russian firm teams up on UK nuclear September 5, 2013 RUSSIA’S state nuclear energy operator Rosatom yesterday said it has teamed up with Finish utility firm Fortum and British aerospace company Rolls-Royce to assess if it could construct nuclear power plants in the UK. Under the agreement, Rolls-Royce will undertake engineering and safety assessment work for Rosatom and Fortum will bring safety and waste management [...]
London Report: Banks lead FTSE to highest close in three weeks September 5, 2013 BRITAIN’S top share index marked a three-week closing high yesterday as Lloyds led banks higher in the sector’s strongest session in two months. Lloyds jumped 2.9 per cent after both Bernstein and Morgan Stanley gave a target share price of 100p for the bank, currently trading at 73p, as the British government prepares for its [...]
New York Report: Wall St edges higher as data cheers investors September 5, 2013 US stocks edged up yesterday rising for a third day after strong data indicated improving economic conditions, with caution capping gains ahead of Friday’s payrolls report and its implication on the Federal Reserve’s stimulus program. Markets continue to deal with the possibility of a US-led strike against Syria, and US President Barack Obama faced growing [...]
Obama backed by Senators on Syria attacks September 4, 2013 PRESIDENT Barack Obama last night won the backing of a key group of US Senators, paving the way for a full vote on military intervention in Syria. The Committee on Foreign Relations backed the President’s motion – which would allow air strikes for two months and bans US troops entering the country on the ground – by a [...]