SIHH 2015: Vacheron Constantin had everyone swooning at Geneva watch fair January 28, 2015 Every dreary January, the luxury watch world and its dog enjoys brief respite from the month’s enforced abstinence inside a vast exhibition complex next to Geneva airport. Here, for the past 25 years, the Richemont Group has provided its own alternative to the chaotic jamboree that is spring’s watch and jewellery fair in Basel, staging [...]
The City’s King of Mining Ian Hannam is back on top after £450,000 FCA fine January 27, 2015 When you are called “The King of Mining”, you know you have risen pretty high – and, in dramatic terms at least, there is only one way you can go. Ian Hannam fell very far, very suddenly. The dealmaking guru at JP Morgan quit his job almost three years ago to fight claims of insider [...]
Familiar foe threat to Murray’s Australian bid January 27, 2015 BRITAIN’S Andy Murray has played down the threat of Tomas Berdych’s insider knowledge after setting up an Australian Open semi-final against the in-form Czech. Murray made swift work of ending a 15,000 sell-out Melbourne crowd’s hopes of a famous home victory by thrashing 19-year-old rising star Nick Kyrgios in straight sets yesterday. The Scot, seeded [...]
European leaders call for new Russia sanctions after renewed violence in Ukraine January 27, 2015 European leaders have written a joint statement saying they will back new sanctions against Russia, after renewed violence in eastern Ukraine. Heads of state from all 28 European Union (EU) nations condemned the killing of civilians – said to have been deliberate – in the Ukrainian city of Mariupol over the weekend. We note evidence [...]
Russian “spies” looking for US economic intelligence posing as bankers foiled by FBI January 27, 2015 Three Russians have been charged in connection with a Cold War-style spy ring attempting to gather economic intelligence on sanctions by posing as a bank employee, US authorities have said. The FBI arrested Evgeby Buryakov in New York, charging him with conspiring to gather intelligence on behalf of Russia. He is due to appear in [...]
Greece elections 2015: How David Cameron, Ed Miliband, Paul Krugman and other world leaders and economists reacted to Syriza victory January 26, 2015 The impact and significance of Syriza's victory in the Greek election is already making its mark on Europe and the rest of the world. Syriza, a leftist anti-austerity party, wants to renegotiate Greece's debt to its three creditors (the European Commission, the European Central Bank and the International Monetary Fund), which currently stands at around [...]
Exclusive: Fifty suitors bid for remains of FX firm Alpari UK January 26, 2015 More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and Russian arms are thought to be most involved. Firms including ETX Capital, Oanda, Iron FX and [...]
Oxford Instruments warns over weak Russia and Japan trading January 22, 2015 OXFORD Instruments issued a profit warning yesterday, citing weak trading in Russia and Japan. The company, which makes maintenance systems and parts for CT and MRI scanners, warned of a nearly 26 per cent fall in full-year profit. It added that it expects revenue for the second half to be below market expectations. Shares in [...]
Russia’s Kalashnikov to be made in the US after sanctions import ban January 21, 2015 The infamous AK-47 assault rifle, also known as the Kalashnikov, will begin production in the US for the first time after imports of the weapon were banned under sanctions imposed on Russia by the US government. RWC, the US company with exclusive rights to import and sell the weapon in the country, will start making [...]
UK bosses expect higher growth than elsewhere in Europe January 20, 2015 The UK’s chief executives are more confident about growth this year than their counterparts in the rest of Europe, while the US stands out among developed nations. That is according to an annual survey of bosses that found that 39 per cent of UK bosses said they were “very confident” about growth prospects in 2015, [...]