Tuesday 17 Jul 2012
HSBC, Europe’s largest bank, ignored clear signs its Mexican division was being used as a conduit for billions of dollars of drug money to be transferred to the United States.
Monday 16 Jul 2012
Bob Diamond was rounded on by his former right-hand-man and three top City regulators today as he was accused of giving the direct instruction to lower the Libor rates at the heart of the rigging scandal. Jerry del Missier, former chief operating officer at Barclays, told the Treasury Select Committee that Mr Diamond had clearly told him in October 2008 to “get our Libor rates down”. The
Monday 16 Jul 2012
The dollar declined on Monday as a surprise fall in US retail sales last month prompted further speculation that the Federal Reserve will take action to boost the economy.
Monday 16 Jul 2012
- Chinese economic concerns weigh on sentiment - ECB moves to make senior bondholders share burden - G4S, Barclays, Sage, National Grid lead the fallers on FTSE 100
Monday 16 Jul 2012
Questor in the Telegraph takes a timely look at security firm G4S. You may have heard it mentioned recently. The issue for the firm post-Olympic debacle is reputational says Questor. Can G4S continue to win public sector work with the baggage of having ballsed up one of its highest profile contracts? The column is not so sure.
Monday 16 Jul 2012
Crude oil prices raced ahead on Monday as the dollar traded lower and on hopes that the US Federal Reserve will take action to stimulate the economy.
Monday 16 Jul 2012
Security solutions firm G4S tumbled from the off today after saying that it will incur a loss on its Olympics Games contract of 35-50m pounds after failing to provide the number of staff for the event that it had committed to. Chief Executive Officer Nick Buckles said that the company is "deeply disappointed". The stock was being pressured down further by downgrades by both UBS and Jefferies this
Monday 16 Jul 2012
Antofagasta, Betfair, BHP, Bumi, ENRC, Experian, First Quantum, G4S, Kazakhmys, Premier Oil, Rio Tinto, Rockhopper, Smiths
Friday 13 Jul 2012
The head of Europe’s top banking regulator has raised the bar for lenders’ capital requirements, insisting that the nine per cent capital ratio they had to hit as a 'temporary buffer' by June is to become permanent. Andrea Enria, chairman of the European Banking Authority, said “capital conservation” was his priority, with the eurozone crisis persisting and the six-year phase-in of Basel III
Friday 13 Jul 2012
The acquisition of agricultural business Viterra by Glencore International, the Switzerland-based integrated producer and marketer of commodities, has been approved by the Canadian authorities.
Friday 13 Jul 2012
-Analysts see some possible signs of food inflation -JP Morgan rises on relief at no negative surprises
Friday 13 Jul 2012
Crude oil futures advanced 1.2 per cent on Friday after data showed China's economy slowed in line with expectations and as the Obama administration expanded sanctions on Iran.
Friday 13 Jul 2012
- Chinese GDP beats forecasts - Moody's downgrades Italy - Mining stocks gain on improved demand outlook
Friday 13 Jul 2012
Mining peers Polymetal, Kazakhmys, ENRC and Randgold were registering decent gains as metals prices firmed on the improved outlook for China. British luxury brand Burberry, a stock sensitive to the development in the Chinese economic outlook, a key growth market for the business, was also in demand.
Thursday 12 Jul 2012
The euro pulled off a 2-year low against the dollar on Friday as Chinese growth data came in as expected and despite Moody's downgrade on Italy's credit rating.
Thursday 12 Jul 2012
Luxury fashion brand Burberry has served notice to fragrance company Interparfums, one of its worldwide licensees, of its intention to terminate their licence agreement at the end of this year.
Thursday 12 Jul 2012
China’s economy suffered its worst quarter since the global financial crisis after gross domestic product growth shrank to 7.6 per cent, battered by severe weakness in Europe and America. Official figures this morning confirmed widely held fears of a sharp slowdown in the world’s second largest economy, as output for the second quarter slid to its slowest pace since early 2009, falling from 8.1
Thursday 12 Jul 2012
Mining heavyweights Antofagasta, Rio Tinto, ENRC and BHP Billiton were all registering steep losses after Credit Suisse slashed target prices across the sector after lowering commodity price estimates. Rio Tinto announced this morning that its Chief Financial Officer is to retire at the end of next year.
Thursday 12 Jul 2012
Crude oil price settled higher on Thursday after investors learned the US government is imposing further sanctions on Iran, sparking concerns over supply.
Thursday 12 Jul 2012
Mining heavyweights Antofagasta, Rio Tinto, ENRC and BHP Billiton were all registering steep losses after Credit Suisse slashed target prices across the sector after lowering commodity price estimates. Rio Tinto announced this morning that its Chief Financial Officer is to retire at the end of next year.
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