Russia nears WTO?membership November 23, 2010 Russia has entered the final stage of its 17-year-bid to join the World Trade Organisation and outstanding issues should be resolved in the coming months, economy minister Elvira Nabiullina said yesterday. The comments indicate that the largest economy still outside the 153-member WTO could join the body that regulates world trade in the course of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 22, 2010 FINANCIAL TIMES GENEVA SET TO TRUMP LONDON IN OIL TRADING Geneva will leave London behind and become the world’s most important trading hub for physical energy commodities, including oil, as leading companies relocate dozens of traders to Switzerland, according to industry executives. The transfers threaten the UK capital’s leadership in physical crude and oil products [...]
Osborne: We will help our friend in need November 22, 2010 THE chancellor yesterday said Ireland was a “friend in need” that Britain would support, likely with a direct loan that will run into billions of euros. George Osborne said the loan would probably be in the “billions, not tens of billions”, but declined to give any further details of the package being discussed. Britain will [...]
CONTRACTS FOR DIFFERENCE NEWS November 22, 2010 FOREX.COM BRINGS IPHONE APP TO THE UK Online trading provider GAIN?Capital’s FOREX.com has brought its American iPhone application to the UK, Japan and Russia. The application is built for the v2.0 version of the iPhone and will include all the features of the American mobile platform such as line and candlestick charting facilities, 40 currency [...]
BP to ramp up production of Russian gas November 22, 2010 RUSSIA’s third largest oil firm, TNK-BP, said yesterday it was to invest $3.8bn (£2.4bn) in its gas business over the next three years in a bid to more than double production to 30bn cubic metres (bcm) by 2020. The oil firm, which is half-owned by British oil company BP, will invest $1.8bn between now and [...]
CITY MOVES | WHO’S SWITCHING JOBS November 22, 2010 Huntsworth Group Global PR firm Huntsworth has added Colin Adams to its board as group finance director, replacing Tymon Broadhead. He has a background in media and joins from Bloomsbury Publishing, where has had been finance director since 1994. He also has three years’ experience on the investment committee of the creative capital fund. He [...]
Eurofighter group in talks with India November 22, 2010 A CONSORTIUM building the Eurofighter Typhoon jet may make India a partner in the project in return for a £7bn deal to supply the jets to its air force, it has emerged. The group including UK defence giant BAE Systems is thought to be ready to offer key data about the aircraft to India to persuade [...]
Cameron lends hand to England World Cup bid November 18, 2010 PRIME MINISTER David Cameron has embarked on a charm offensive after England’s ailing bid to host the 2018 World Cup suffered further blows yesterday. England is thought to have lost at least one vote, perhaps two, after governing body Fifa banned two top officials, Amos Adamu and Reynald Temarii over corruption allegations. To make matters [...]
Russia approves £20bn plan to privatise assets November 17, 2010 RUSSIAN Prime Minister Vladimir Putin yesterday approved a plan to sell 1 trillion roubles (£20bn) in state assets over the next three years to help plug a gap in the budget and lure investors. Russia’s leaders need cash as they struggle to get the country out of its worst recession in 15 years and ratchet [...]
THERE’S SCOPE FOR GOLD TO RISE FURTHER November 17, 2010 SENIOR ANALYST, ETF SECURITIES THE allure of gold is unmistakable in the current economic environment. Its attributes as a store of value have historically attracted investors during times of financial and economic uncertainty, and as a counter to inflation and sovereign risk. While inflation still appears a long way off, gold is being viewed as [...]