WHAT THE OTHER PAPERS SAY THIS MORNING December 22, 2011 FINANCIAL TIMES CALLS FOR QE TO STAVE OFF EURO DEFLATION A top European Central Bank policymaker has called for “quantitative easing” to be used to boost the eurozone economy if deflation risks emerge across the region. The comments by Lorenzo Bini Smaghi, ECB executive board member, are the strongest indication yet that the central bank [...]
20 of the world’s largest donors December 21, 2011 1 BILL AND MELINDA GATES FOUNDATION US The William H Gates Foundation was created in 1994 to work to improve global health. Created with an original stock gift of $94m (£60.5m), the foundation merged with the Gates Learning Foundation in 2000 to create the Bill and Melinda Gates Foundation. The largest philanthropic organisation in the [...]
Banks fuel FTSE gains after Lloyds upgrade December 21, 2011 Banks led London’s blue chip index up in early trading – tracking gains in Wall Street and Asia. Exane BNP Paribas upgraded Lloyds to trigger a rise in the sector which has had a torrid year with the Eurozone debt crisis taking its toll. Lloyds was up 4.3 per cent as Exane BNP Paribas upgraded [...]
North Korea heir to share power with military December 21, 2011 North Korea’s new young leader will have to share power with an uncle and the military after the death of his father Kim Jong-il as the isolated country shifts to collective rule from strongman dictatorship, a source with close ties to Pyongyang and Beijing said. The source added that the military, which is trying to [...]
Petropavlovsk chief steps down December 20, 2011 Petropavlovsk’s chief executive Pavel Maslovsky has swapped the boardroom for the senate floor, resigning from the Russian gold miner after being appointed a member of parliament in Russia’s far east region of Amur. The region is home to many of the London-listed miner’s key operations. Maslovsky, co-founder of the firm once known as Peter Hambro [...]
Kim’s death ups tension December 19, 2011 NEIGHBOURS of North Korea as well as the US yesterday appealed for stability after the death of leader Kim Jong-il plunged the region into fresh uncertainty. China and Russia offered support for their ally’s new leaders as North Koreans took to the streets in scenes of apparently staged-managed mourning. Western states expressed hope that a [...]
DOLLAR RISE WILL DENT ALL ASSETS December 18, 2011 NOTWITHSTANDING the recent agreement to amend the EU treaty, the world’s financial markets are not reassured. A solution to the Eurozone debt crisis is still wanting, and many believe that the world’s emerging economies could provide it. As a collective driving force they might be able to stop the debt contagion, but the question is [...]
I want match-winner Roman to stay put, insists Redknapp December 18, 2011 TOTTENHAM (1) vs SUNDERLAND (0) TOTTENHAM manager Harry Redknapp insists he will attempt to persuade striker Roman Pavlyuchenko that his future remains at White Hart Lane after the Russia international secured three points yesterday with his first Premier League goal of the season. Sunderland, buoyed by the recent managerial appointment of Martin O’Neill, proved obdurate [...]
CITY MOVES | WHO’S SWITCHING JOBS December 15, 2011 Smith & Williamson Finbarr O’Connell, the former managing partner of turnaround specialist Re10, has joined the accountancy and investment management group as a director, bringing the total number of staff in the restructuring and recovery team to 70. O’Connell is a past president of the Insolvency Practitioners’ Association and has 25 years’ restructuring and turnaround [...]
MANAGERS PULL THE PLUG ON THE OPENING OF NEW £25M SOHO CLUB December 15, 2011 IT SEEMS The Capitalist spoke too soon about the resurgence in Piccadilly’s entertainment scene. Just hours before the champagne was due to be uncorked at the new £25m club Dstrkt on Rupert Street, as reported yesterday (15 December), the long-awaited launch was abruptly cancelled. No official word on why last night’s opening didn’t go ahead [...]