German businesses remain confident

first_img Wednesday 25 August 2010 8:40 pm whatsapp whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd GERMAN businesses have this month shrugged off weak markets and concerns about the health of the United States and are now as confident as they were in June 2007, according to the Ifo institute’s business climate index, which was published yesterday. The headline index rose to 106.7 from 106.2 in July while firms’ assessment of the current situation continued to rise to 108.2, from 106.8. Although the expectations index dipped slightly in August to 105.2 from 105.5, it remains far above its historical average, indicating that the manufacturing-led recovery in Europe’s largest economy is showing little sign of losing momentum.Hans-Werner Sinn, president of the German economic thinktank, said: “Manufacturing firms have reported a better business situation than in July. With regard to the six-month business outlook they are still very confident.”Societe Generale’s Klaus Baader said: “There is no sign whatsoever of a cyclical downturn in this survey which has historically provided a very reliable guide to growth.”Carsten Brzeski, economist at ING agreed: “The Ifo index reflects untarnished confidence and bodes very well for near-term growth prospects. Second quarter growth will remain exceptional. However, even with an inevitable shift into a lower gear in the second half of the year, the Eurozone’s growth engine will continue to run smoothly.” center_img German businesses remain confident KCS-content Show Comments ▼ Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com CITY MOVES | WHO’S SWITCHING JOBS whatsapp Show Comments ▼ KCS-content center_img whatsapp Signia WealthThe wealth manager has hired Mark Elliott as managing director. Elliott is joining the family-run firm from Barclays Wealth, where he established the financial institutions group and professional practices business in 2007. Before this he worked for private bank Coutts as group head for the executive team and as group head for the in-pats team, which focused on UK residents with an overseas domicile. This is the firm’s 19th hire since launching in March.TT ElectronicsThe electronics firm has appointed Michael Baunton CBE as an independent non-executive director. He has worked within manufacturing for 40 years, and held senior executive roles at Caterpillar, Perkins Engines and Tennecco. He is currently chairman of the Society of Motor Manufacturers, and was awarded a CBE in 2004 for services to engineering. CapcoThe business and technology consultancy has hired Ian Holden to its banking practice. He joins Mark Jenkinson and Peter Lewis in the leadership team. Holden was previously a partner at BearingPoint, where he led the financial services practice in the UK. He has also held senior roles at Deloitte Consulting and Price Waterhouse Management Consulting. He has over 15 years’ experience in delivering management consultancy projects. JP MorganThe banking group’s European Smaller Companies Trust has appointed Carolan Dobson as an independent non-executive director with effect from 1 September. She is chairman of QinetiQ Pension Fund, a trustee of Avon Pension Fund, a non-executive director of Shires Smaller Companies and member of the Competition Commission and chairman of the Finance and Regulation Group. Dobson has previously been head of UK equities at Abbey and a main board director of Murray Johnstone.Chariot Oil and GasThe oil and gas explorer has appointed Adonis Pouroulis to non-executive chairman with immediate effect. Pouroulis, who co-founded the company, was a non-executive director. He replaces Peter Kidney, who has stepped down from his role as chairman and from the board to pursue other interests. Thursday 2 September 2010 7:28 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Tags: NULLlast_img read more

Miliband faces Balls problem

first_img whatsapp Tags: NULL Thursday 30 September 2010 10:34 pm Miliband faces Balls problem Show Comments ▼ JUST as Labour recovers from the fraternal rivalry that gripped its conference this week, it looks as though a matrimonial battle is about to commence. New Labour leader Ed Miliband wants to appoint the former work and pensions secretary Yvette Cooper as his shadow chancellor. But Ed Balls – her husband – has coveted the top economic brief for over a decade. He knew he would not win the leadership, but threw his hat into the ring to improve his chances of becoming shadow chancellor. However, sources inside the Miliband camp were yesterday insisting that Cooper would be much better in the role, arguably the second most important job in opposition. “Does he want a pugilist like Ed or a firm but fair voice of reason from Yvette? The truth is we absolutely need someone to bring the UK round to our argument,” an ally said yesterday. “If Ed becomes shadow chancellor it could end up being a shouting match between the boys whereas Yvette could frame the language in ways that the public understands.”Aides to Miliband suggested Balls could be offered the job of shadow business secretary, allowing him to take on Vince Cable. But there are growing fears that Cooper will turn down the job out of loyalty to Balls. If Cooper does rule herself out, the Labour leader will likely have to give the post to Balls, despite his reservations. Along with his wife, the former schools secretary and Gordon Brown ally, is the only senior Labour MP with enough grounding in economics to prepare the party’s response to the comprehensive spending review on 20 October. center_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp KCS-content last_img read more

Microsoft, Saxo launch trading joint venture

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comGloriousaCouple Had Their Home Demolished Because Of ThisGloriousa whatsapp whatsapp KCS-content Show Comments ▼center_img Microsoft, Saxo launch trading joint venture More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com SAXO Bank has teamed up with Microsoft to launch a new trading platform aimed at allowing individual investors the kind of access to the markets previously enjoyed only by professionals.MSN Trader will allow individuals access to trading in 11,000 stocks on 23 exchanges globally, as well as bonds, exchange-traded funds (ETFs), futures, FX options and CFDs.It will also provide analysis and screening tools at the click of a button, to help investors manage risk.The new platform, set to be launched by the two companies on Wednesday, will run off Saxo’s WebTrader trading system and will be available on Microsoft’s MSN Money website.The joint venture is aimed at capitalising on the increased demand for execution-only stockbroking services in the wake of the financial crisis, when poor performance among fund managers meant individual portfolios took a heavy hit.MSN Trader, which will be launched in the UK first and rolled out to the rest of Europe later on, is set to undercut many of its rivals by offering an execution charge of £8 per trade, just over half of the average commission among its rivals. Sunday 7 November 2010 9:08 pm Tags: NULLlast_img read more

BP

first_imgSunday 7 November 2010 9:12 pm Share Tags: NULL BP Investors in BP should not be surprised by the news that chief executive Bob Dudley is planning to slash the dividend if and when payments are resumed next year. The American oil veteran was drafted in to the top job to aid the company’s public image following the disastrous Deepwater Horizon explosion on 20 April, as a steady hand following ex-chief executive Tony Hayward’s embarrasing string of gaffes. Dudley has already taken bold steps to distance the firm from the spill, for example linking all bonus payments solely to safety records for the next quarter. The numerous hints of a stripped down BP, even before Dudley’s final plan for the firm is revealed in February, seems to suggest that his scheme to overhaul the company goes beyond earning BP its hairshirt in the eyes of the public. BP has boasted the largest dividend payment in the UK for several years, paying out around £6bn a year. It now also boasts the most expensive oil spill in the world, and a $20bn compensation pot waiting to be claimed. It is clear the company must emerge a smaller, more focused one. Show Comments ▼center_img whatsapp whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBD KCS-content last_img read more

Waitrose sees sales rise

first_img Waitrose sales rose by nine per cent in the third quarter as the mild weather fuelled sales of unseasonal products including salad and ice cream. The retailer – which does not issue quarterly profit figures – said sales for the three months to the end of October had been buoyant. On a like-for-like basis its total branch sales (excluding petrol) were up by 4.4 per cent, with growth accelerating last month, the company said. Over the last week ice cream sales were up by 16.8 per cent. Waitrose’s share of the UK grocery market increased by 0.2 per cent compared to a year ago, according to Kantar. Thursday 11 November 2010 7:55 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Share Tags: NULL Show Comments ▼ whatsappcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution KCS-content Waitrose sees sales rise last_img read more

BG Group strikes oil in Brazil

first_img BRITISH oil and gas firm BG Group said yesterday it found oil to the west of the Tupi discovery off the coast of Brazil, giving it further confidence in its recently upgraded resource estimates for its Brazilian oil fields.BG said yesterday that initial results from the well, drilled 11 kilometres from the first Tupi well near the Rio De Janeiro state coast, were encouraging enough to prompt BG and its partners to consider allocating another Floating Production, Storage and Offloading (FPSO) vessel to Tupi.Tupi, in which BG has a 25 per cent stake, is the world’s second largest oil discovery of the last decade and so far has one FPSO, which started production in October, and another one due to begin in 2013. BG in November lifted estimates for total recoverable resources from Tupi and two other fields in Brazil by 34 per cent, raising its net resources from offshore Brazil to 2.8bn barrels of oil equivalent.“The information obtained from this well adds further certainty to our recoverable reserve and resource estimates for the Tupi field,” the company said in a statement.Further tests would now be carried out on the well, BG said, adding that it had found light oil in a 90 metre zone. The news follows a similar large find off the coast of China, which BG announced on Wednesday. The company found oil-bearing sands in the South China Sea, which will now be tested for viable hydrocarbons alongside a second well in the region. Shares in BG, which have risen 20 per cent in the last three months, closed 0.5 per cent higher at 1,307p yesterday. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Thursday 16 December 2010 7:46 pm whatsapp BG Group strikes oil in Brazil center_img Show Comments ▼ Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Tags: NULLlast_img read more

Cameron warns over inflationary dangers ahead of Bank rates decision

first_img Share whatsapp Show Comments ▼ Sunday 9 January 2011 10:37 pm Cameron warns over inflationary dangers ahead of Bank rates decision UNEXPECTEDLY high inflation could exacerbate splits in the Bank of England’s rate setting committee, which meets this week.Prime Minister David Cameron yesterday expressed concern about the UK’s inflation, which is consistently above target.“Inflation is extremely harmful. It destroys people’s savings,” he said. “We don’t want to go back to having an inflation problem as we had in the past.”Yet the Prime Minister gave his backing to the “excellent” Bank governor Mervyn King.The Bank’s monetary policy committee (MPC) faces a three-way split. While Andrew Sentance is likely to keep proposing a small rise in interest rates, “dovish” American Adam Posen is expected to continue suggesting a further programme of quantitative easing (QE2). The rest of the committee has stayed on the fence in recent months, yet increasing differences among economists may be reflected in larger factions emerging within the MPC.Consumer price index (CPI) inflation will hit four per cent in the next three months, according to ING forecasts. Producer price data, released this Friday, is expected to show further price increases.Yet a weak labour market will keep inflation down, said business advisory group BDO today.Nonetheless, business morale rose above expectations, according to BDO’s business trends report. center_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Tags: NULLlast_img read more

UK must take centre stage in EU policy race

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com UK must take centre stage in EU policy race KCS-content Show Comments ▼ Tags: NULL Sunday 9 January 2011 10:56 pm Share LAST week, the chancellor of the exchequer, George Osborne, made it clear that badly thought through regulation must not be allowed to undermine European competitiveness in financial services.Such a strongly worded public statement provides further evidence of the government’s belief that the financial services industry has a vital role to play in facilitating a period of strong, sustainable economic growth. It also demonstrates government determination to place the UK at the heart of European policy making.In addition to key legislative proposals on short selling and over-the-counter derivatives, 2011 will see the establishment of a new European regulatory framework, plus further stress tests on banks and a number of measures designed to ease market concerns on sovereign debt.While the City accepts, and welcomes, measures designed to bring greater stability to our financial markets and reduce excessive risk taking, we need better and smarter regulation, not more regulation. Above all, our businesses require predictability in their operating environment.The City of London Corporation has long made the point that Britain needs to engage earlier in the policy-making process. This will help avoid our international competitiveness being threatened by regulatory proposals underpinned by national self-interest and political points scoring rather than consultation and comprehensive risk and impact assessments.Creating a level playing field in Europe is all very well and good, but it is the ability of European financial centres – of which London is by far the largest – to compete against financial centres in the US and in the emerging markets of Asia that will define our global standing long-term.We must not take unilateral action that is out of step with global agenda, no matter how politically expedient such a course of action may seem.As a single economic entity, the EU represents one of the most important trading and commercial partnerships in the world. Our key shared objectives are more likely to be taken into account if the 27 member states work together and speak as one.Once a consensus has been created, the EU must act to ensure that the implementation and enforcement of these measures throughout the world remain true to the spirit of the agreement, as well as to the letter of the various communiqués.The fact that George Osborne is making these points in the public arena will doubtless have a positive impact. The UK is open to business from around the globe, and both the chancellor and I will be making this point when we meet the Chinese vice premier, Li Keqiang, later today.Michael Bear is Lord Mayor of the City of London whatsapp whatsapplast_img read more

No extra tax on banks as war on City halted

first_img Share No extra tax on banks as war on City halted Monday 10 January 2011 9:07 pm whatsapp DAVID Cameron has decided not to slap another tax on City pay or to introduce yet further restrictions on bonuses, it emerged last night.Negotiations are still ongoing about a global lending target for UK banks in 2011, as well as the possibility of getting institutions to disclose more details on high earners. One option would be for the top five earners’ wages to be made public. But overall bonus levels at institutions won’t be capped.While the development is not unexpected, the news is another blow to Vince Cable, who is waging a lengthy campaign against the City, and a victory for chancellor George Osborne.The news comes as a group of influential MPs is planning to ambush Barclays chief executive Bob Diamond at a high-profile public hearing today, in a bid to get him to give up his bonus. MPs on the Treasury select committee, including Labour’s Chuka Umunna and John Mann, are preparing to raise the politically sensitive issue of whether he will waive his 2010 bonus at today’s session, which begins at 10am. City A.M. also understands that at least one MP will raise allegations that Barclays has helped its clients avoid paying UK tax. Diamond, who is ostensibly appearing before the committee to discuss competition in retail banking, is likely to receive a bonus in the range of £5m-£10m for last year. He could tell the committee that he intends to take it; that he will waive it; that he will donate it to charity; or that he hasn’t yet decided.Yesterday, Umunna told City A.M. that he would ask Diamond to accept that Barclays had benefited from an implicit state-guarantee during the banking crisis. Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp KCS-content Tags: NULLlast_img read more