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The great intrest rate rip off part 7


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HSBC profits up as mis-selling scandal goes on

 

04 November 2012 12:00 AM

The bank is also still being investigated by 11 different US regulators over money laundering

 

 

Brits work up a thirst for US ale

 

04 November 2012 12:00 AM

American beers are booming over here with sales of £30m – thanks to the help of a pointy-faced mascot, reports Mark Leftly

 

 

Go Compare's founder makes sell-off overtures

 

04 November 2012 12:00 AM

Calm down dear! It's only Hayley Parsons' chance to buy-out Esure's 49 per cent stake

 

 

Facebook share price dips after Sandberg stock sale

 

04 November 2012 12:00 AM

Facebook's chief operating officer Sheryl Sandberg has cashed-in nearly $7.5m (£4.7m) of stock in the social media phenomenon, in another blow for the company's ailing share price.

 

 

 

WS Atkins struggles to find UK staff

 

04 November 2012 12:00 AM

Engineer WS Atkins is struggling to fill 1,200 British vacancies in the face of stiff competition for talent and concerns that the country is failing to produce enough science graduates.

 

 

 

Web dealer Groupon set to slash UK jobs

 

04 November 2012 12:00 AM

Groupon has slashed its British workforce, just months after the deal-of-the-day website was found guilty of "widespread" breaches of consumer protection rules.

 

 

 

Bank set to hold fire on more money-printing

 

04 November 2012 12:00 AM

The City expects the Bank of England to shelve plans to pump billions more into the recovery this week, in the wake of the strongest quarter in five years for the British economy.

 

 

 

Pubs raise a glass to MPs as they call for new look at Beer Duty Escalator

 

02 November 2012 10:00 PM

Britain's beleaguered pub industry was given some hope yesterday after backbench MPs forced the Government to look again at rules which make beer duty rise faster than inflation.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

[/url]

 

HSBC to face £1bn fines over money-laundering scandal

 

hsbc_2292355g.jpg

HSBC is set to face a final bill for fines as high as $1.5bn (£937m) for the “shameful and embarrassing” US money-laundering scandal that has engulfed Britain’s biggest bank.

Comment

 

 

ECB investigates if Spanish loans broke rules

 

spain-bailout-prot_2244264g.jpg

European Central Bank (ECB) officials are investigating claims that they have blundered and advanced money to Spanish banks on generous rather than penal terms.

107 Comments

Angela Merkel: eurozone crisis will last at least another five years

 

 

UK will have say on EU, says Duncan Smith

 

 

 

UK could grill US companies over 'tax evasion'

 

tax-hmrc_2358937g.jpg

American companies at the centre of a UK tax avoidance controversy could face a root and branch investigation by the Treasury Select Committee.

27 Comments

 

Marc Bolland to defend M&S strategy

 

marks-and-spencer_2387706g.jpg

Marc Bolland is to defend his record as Marks & Spencer chief executive and justify his plans for the future of the retailer on Tuesday, despite revealing a fall in profits.

Comment

A street fight Marks & Spencer has to win

 

 

 

US investors pulled support from Comet

 

newPic_8452_jpg_2387640g.jpg

Comet was placed into administration after the American investors behind OpCapita decided to cut financial support.

85 Comments

Comet offically enters administration, stores re-open for expected firesale

 

 

Deloitte blames internet and lack of first-time home buyers

 

 

 

Britain's banks face fresh crisis

 

canary-wharf_2271912g.jpg

British banks are to be forced to raise tens of billions of pounds in fresh capital as a result of new accounting rules due to be announced early in the new year.

239 Comments

 

Tchenguiz: SFO head went on personal crusade

 

robbie_1848440g.jpg

Richard Alderman, the former head of the SFO, should be made to account for the failures that led to the wrongful arrest of Robert and Vincent Tchenguiz, one of the Mayfair-based entrepreneur brothers has claimed.

Robert Tchenguiz tries to rebuild a frozen empire

 

 

 

Personal attacks over AIA a 'complete shock'

 

thiam_1776061g.jpg

Tidjane Thiam, chief executive of Prudential, has claimed he was shocked by the vitriol and personal attacks aimed at him following the insurance giant’s notorious botched takeover bid for Asia’s AIA in 2010.

 

A man with the vision to lead the Bank of England forward

 

Crucial to the US election? It's the Chinese economy, stupid

 

China's economic destiny in doubt after leadership shock

 

Young jobless 'scar' starts to heal as more begin work

 

unemployment_1565533g.jpg

"Not only is youth unemployment costing us billions now, but the damage done to the future employment and earnings prospects of those affected will cost us billions for years to come, every year, long after the economy as a whole has recovered."

2 Comments

Crucial to the US election? It's the Chinese economy, stupid

 

 

 

 

China's economic destiny in doubt after leadership shock

 

 

 

 

Apple pays less than 2pc tax on overseas profits

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

4 November 2012 Last updated at 14:12

 

 

Apple paid only 2% tax outside US_63917333_016029455-1.jpg

 

Apple is the latest multinational to come under scrutiny for the amount of corporation tax it pays, following Starbucks, Facebook and Google.

 

_63916058_k28izdf4.jpgComet gift vouchers are suspended

 

The administrators of the electrical retailer Comet have temporarily suspended the use of gift vouchers at the stores, which have been open as usual.

 

 

 

UK teachers paid by offshore firm

 

A company employing thousands of public sector workers has avoided paying millions of pounds in employer National Insurance contributions.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Breaking news

 

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

High street cheer on cards in the run-up to Christmas

 

05 November 2012 12:00 AM

But gloom still persists as M&S profits fall and suit sales plunge

 

 

 

Ralph Lauren kicks its 'preppy look' Rugby label into touch

 

05 November 2012 06:37 PM

Closure of Aubin & Wills is another sign that shoppers have tired of high-end collegewear

 

 

 

Savers dealt another blow as National Savings & Investments cuts its ISA interest rate

 

05 November 2012 03:02 PM

Hard-hit savers were dealt another blow today after Treasury-backed National Savings & Investments cut the interest rate on a popular ISA product.

 

 

 

Jeweller to the first lady has world in its sights

 

05 November 2012 09:21 AM

Upmarket jeweller Astley Clarke - worn by celebrities including Michelle Obama - is planning a rapid global expansion.

 

 

 

Services sector holds the key to Bank's decision on more QE

 

05 November 2012 12:00 AM

Bank of England rate-setters will pore over the health of the UK's dominant services sector today as they face a critical decision over whether to pump billions more into the nation's struggling recovery.

 

 

 

Greece seeks to put a stop to fears of a euro exit

 

05 November 2012 12:00 AM

Talk of Greece exiting the euro will end after critical votes in parliament this week on new austerity measures, labour reforms and the 2013 budget, Greek Prime Minister Antonis Samaras said yesterday.

 

 

 

google-ap.jpg

The scandal of the multinationals that pay almost no tax on their UK profits

 

05 November 2012 06:17 PM

HMRC chief warns that Government is powerless to prevent big companies declaring profits abroad

 

 

 

UK manufacturing is not dead say figures from government backed Manufacturing Advisory Service

 

05 November 2012 09:23 AM

UK manufacturing is not dead and more than half of the UK's small and medium manufacturers plan to expand their businesses in the next six months.

 

 

 

Toyota's quarterly profit triples - driven by recovery from disaster

 

05 November 2012 07:44 AM

Toyota's quarterly profit tripled, driven by a recovery from natural disasters, and the company raised its full-year earnings forecast despite a sales slump in China.

 

 

 

Games stay-at-homes send travel firms bust

 

05 November 2012 12:00 AM

The number of travel companies going under in the UK in the last 12 months has doubled as the recession, Jubilee celebrations and Olympics kept British holidaymakers at home.

 

 

 

Temps are the order of the day in face of recession

 

05 November 2012 12:00 AM

Banks, lawyers and accountants are increasingly relying on temporary staff as jobs for the major professions continue to decline.

 

 

 

HSBC boosts loans to homebuyers by a fifth

 

05 November 2012 12:00 AM

HSBC today said it had increased lending to homebuyers by a fifth, and to first-time buyers by a third, so far this year.

 

 

 

Apple pares its tax bill on profits made overseas to less than 2%

 

05 November 2012 12:00 AM

Apple paid less than 2 per cent tax on its overseas profits after slashing the amount foreign taxmen receive.

 

 

 

£14m bailout for Pringle after a sixth year in red

 

05 November 2012 12:00 AM

Luxury brand Pringle of Scotland has posted its sixth consecutive annual loss and received a £14m bailout from its Hong Kong-based owners.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

MPs roast taxman over Starbucks tax bill

 

UK, 8:02pm GMT

 

Google says Apple patent lawsuit dismissed

 

7:40pm GMT

 

Spain tries to re-open race for ECB board job

 

G20, Spain 7:39pm GMT

 

HSBC fears U.S. money laundering fines to top $1.5 billion | btn_rel_video.gif

 

7:38pm GMT

 

HSBC delays decision on whether to leave London

 

7:38pm GMT

 

JPMorgan loses bid to toss FHFA's mortgage debt lawsuit

 

7:28pm GMT

 

HSBC delays decision on whether to leave London

 

7:15pm GMT

 

Factbox - Britain's inquiry into banking standards

 

7:13pm GMT

 

Factbox - Britain's banking scandals

 

7:13pm GMT

 

FACTBOX-Britain's banking scandals

 

7:08pm GMT

 

UK stockbroker jailed for 13 years for "ponzi" fraud

 

UK, 7:07pm GMT

 

Italy's UniCredit denies Intesa merger talk

 

6:43pm GMT

 

Ryanair hits trouble with Aer Lingus bid, profits boom | btn_rel_video.gif

 

Aerospace & Defence, Spain 6:38pm GMT

 

Ryanair hits trouble with Aer Lingus bid, profits boom

 

Aerospace & Defence, Spain 6:34pm GMT

 

Ryanair hits trouble with Aer Lingus bid, profits boom

 

Aerospace & Defence, Spain 6:33pm GMT

 

UBS "rogue trader" denies he was addicted to gambling

 

6:21pm GMT

 

Spain says will extend regional aid fund into 2013

 

6:13pm GMT

 

Spanish bank recap to cost half earmarked money-Regling

 

6:13pm GMT

 

UK, Germany push for multinationals to pay "fair share" of taxes

 

UK, G20, David Cameron 6:01pm GMT

 

GM clinches $11 billion credit line; aiming for Europe

 

5:39pm GMT

 

Greece makes austerity push, workers gear for strike

 

5:36pm GMT

 

Police seize assets in Italy fashion group tax probe

 

5:10pm GMT

 

Weak services suggests bumpy economic recovery

 

UK 5:03pm GMT

 

L'Oreal says luxury trading 'brutal' in South Korea, Taiwan

 

4:58pm GMT

 

FTSE dips as risk sentiment wanes ahead of U.S. election

 

FXpert 4:52pm GMT

 

Marks & Spencer makes more changes to non-food team

 

4:46pm GMT

 

Vodafone Spain offering subsidised smartphones again

 

Spain 4:38pm GMT

 

Italy's UniCredit denies Intesa merger talk

 

4:20pm GMT

 

Spain blocks quick appointment of ECB candidate

 

Spain 4:13pm GMT

 

Portugal should renegotiate bailout - advisory body

 

4:09pm GMT

 

Euro zone decision on Greece unlikely on November 12 - EU source

 

G20 4:01pm GMT

 

Volatility drives UK, Dutch broker gas volumes to seven-month high

 

UK 4:00pm GMT

 

US, Chinese service sectors lose steam in October

 

3:46pm GMT

 

JP Morgan hires new EMEA prime broker head

 

3:45pm GMT

 

Cameron seeks arms deals, says supports Arab Spring

 

UK, David Cameron, World 3:38pm GMT

 

Renault and Caterham to build affordable racecars

 

3:32pm GMT

 

EU compensation route closed to Spain bank shareholders

 

3:29pm GMT

 

GM clinches $11 billion credit facility amid Opel overhaul

 

3:21pm GMT

 

"I lied to protect colleagues," says accused UBS rogue trader

 

3:14pm GMT

 

France readies response to "shock" industry review

 

3:02pm GMT

 

Renault and Caterham to build affordable racecars

 

2:41pm GMT

 

IMF urges France to undertake competitiveness reforms

 

IMF 2:40pm GMT

 

Ryanair lifts profit forecast after post-Olympics boom | btn_rel_video.gif

 

Aerospace & Defence, Spain 2:38pm GMT

 

Analysis - Women challenge central banking men's club

 

2:37pm GMT

 

Insight - Banks struggle to adapt or survive in commodities

 

2:36pm GMT

 

Deutsche Post subject of German antitrust probe

 

2:07pm GMT

 

Fitch upgrades Turkey to investment grade

 

1:46pm GMT

 

Sandy hit manageable for insurers - Hiscox

 

1:41pm GMT

 

Police seize Marzotto assets in Italian fashion group probe - source

 

1:38pm GMT

 

Kcell plans London listing - sources

 

1:33pm GMT

 

Insight: Great expectations fill Greenland as China eyes riches

 

World 1:19pm GMT

 

Spain opposes appointment of Yves Mersch to ECB

 

1:11pm GMT

 

Shippers say Sierra Leone iron ore transport risky

 

1:08pm GMT

 

Spain's jobless rises for third straight month in October

 

12:54pm GMT

 

Any Spanish bailout boost to euro seen short-lived

 

Spain 12:54pm GMT

 

Any Spanish bailout boost to euro seen short-lived

 

Spain 12:43pm GMT

 

Accounting body says banks may need bespoke rules

 

6:03pm GMT

 

G20 seeks more wiggle room on austerity pledges

 

G20 7:57pm GMT

 

Fitch upgrades Turkey to investment grade

 

12:18pm GMT

 

Rio eases Oyu Tolgoi worries with power deal

 

11:58am GMT

 

Rating upgrade will boost Turkey's growth - finance minister

 

11:54am GMT

 

Peugeot CEO says no further asset sales planned

 

11:51am GMT

 

China challenges EU solar power subsidies at WTO

 

11:38am GMT

 

Turkey's Babacan welcomes Fitch upgrade, says move overdue

 

11:24am GMT

 

Greece makes austerity push, workers gear for strike

 

World 11:23am GMT

 

Weak services suggests bumpy economic recovery

 

UK 11:03am GMT

 

Citi overtook UBS, as private banks' Asia assets edged up in 2011

 

10:46am GMT

 

HSBC cuts 30,000 jobs, sees more to come

 

10:30am GMT

 

KFC franchisees' $1.7 billion buyout bid in Malaysia clears a hurdle

 

10:16am GMT

 

Hollande likely to shrug off "shock therapy" review

 

9:54am GMT

 

Seadrill sells Asian unit in deal worth $2.9 billion

 

9:36am GMT

 

EU funds are not for Spain bank shareholders - Almunia

 

9:35am GMT

 

Ryanair lifts profit forecast after post-Olympics boom | btn_rel_video.gif

 

Aerospace & Defence, Spain 9:35am GMT

 

Toyota pushes up profit forecast, details China hit | btn_rel_video.gif

 

Japan 9:19am GMT

 

HSBC CEO says sticks with "challenging" cost target

 

9:08am GMT

 

UBS unveils new investment bank line-up after revamp

 

9:04am GMT

 

Rio Tinto says signs power deal for Oyu Tolgoi

 

9:02am GMT

 

AngloGold says striking workers return at two mines

 

9:01am GMT

 

Toyota trims group-wide output for 2012

 

Japan 9:00am GMT

 

Global stocks slip, dollar firm before U.S. election

 

FXpert, 5:52pm GMT

 

Inmarsat's new services boost third-quarter revenue

 

7:35am GMT

 

French refinery fate in balance as strikes loom

 

7:33am GMT

 

HSBC profits to gain from cuts to bad debts, costs

 

7:29am GMT

 

Insurer Hiscox says well-placed to absorb Sandy hit

 

7:27am GMT

 

Ryanair says profits soar 10 percent

 

7:23am GMT

 

StanChart private bank to focus on super-rich clients

 

7:22am GMT

 

Toyota trims global sales forecast; North America demand seen firm

 

6:39am GMT

 

China's weaker Oct HSBC services PMI hinders recovery hopes

 

5:55am GMT

 

Highlights: G20 finance ministers, central bankers meet in Mexico

 

G20 5:35am GMT

 

Japanese companies may build gas pipeline from Russia - paper

 

Japan 5:30am GMT

 

Analysis - Barclays set to fight FERC over bragging, not rigging

 

5:16am GMT

 

Prudential strikes 368 million pounds Thai insurance deal, turns up heat on AIA

 

4:48am GMT

 

Australia's Federal Court issues landmark judgment against S&P, ABN Amro

 

4:18am GMT

 

Hyundai, Kia mileage fiasco seen as key test; shares dive

 

4:11am GMT

 

Australia data mix leaves market divided on rate call

 

3:55am GMT

 

India sees 2012 GDP growth of 5.5-6 percent

 

G20 3:23am GMT

 

Keep your promises or become a "paper tiger" - Canada to G20

 

G20 1:29am GMT

 

Australia retail sales up, rate call finely balanced

 

1:21am GMT

 

Portugal, Greece seek technical advice from World Bank - Kim

 

G20 1:19am GMT

 

China plans to expand quotas for RQFII scheme - media

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

5 November 2012 Last updated at 19:18

 

 

HSBC earmarks more for US fines_63926737_011878420-1.jpg

 

HSBC bank puts aside a further $800m to cover potential money laundering fines in the US as it announces a fall in quarterly profits.

 

 

_63929284_015499706-1.jpgUK service sector growth 'slows'

 

Activity in the UK service sector grew at its slowest pace in almost two years in October, a survey suggests.

 

 

 

_63931769_63927674.jpgFrance urged to cut labour costs

 

France's President Francois Hollande is under pressure to reform the economy after both the IMF and a government-commissioned report urged him to cut labour costs.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Booksellers Resisting Amazon’s Disruption

 

By DAVID STREITFELD

 

 

The mammoth retailer finds that its efforts to upend the traditional publishing model have unintended consequences.

 

 

 

05amazon-sf-sfSpan.jpg

Ben Sklar for The New York Times

 

Timothy Ferriss is the author of “The 4-Hour Chef," published by Amazon.

 

 

 

 

 

 

05supply-3-thumbStandard.jpg

A Storm-Battered Supply Chain Threatens Holiday Shopping

 

By STEPHANIE CLIFFORD and NELSON D. SCHWARTZ

 

In addition to shutting down shipping terminals and submerging warehouses, the storm tangled up deliveries, just as retailers normally receive final shipments for the holiday shopping season.

 

DealBook

 

HSBC Earnings Weighed Down by U.S. Money Laundering Inquiry

 

By MARK SCOTT 9:51 AM ET

 

The British bank HSBC has set aside an additional $800 million connected to a money laundering investigation in the United States and says it may face criminal charges in the United States.

 

DealBook

 

Taubman to Leave Morgan Stanley

 

By MICHAEL J. DE LA MERCED and SUSANNE CRAIG 1:47 PM ET

 

Morgan Stanley said on Monday that Paul J. Taubman, one of the co-heads of its core securities arm and a top deal maker, would retire at the end of the year, in an unexpected shake-up of the firm's senior management.

 

Toyota Profit Triples in Third Quarter

 

By HIROKO TABUCHI

 

The carmaker, which expects to make $9.7 billion for the full year through March, has been less exposed than its Japanese peers to the fallout over a territorial dispute with China.

 

06gallois-thumbStandard.jpg

Shock Treatment Recommended to Increase French Competitiveness

 

By DAVID JOLLY 35 minutes ago

 

A report by a group led by Louis Gallois, one of France's best-known businessmen, recommends a major reduction in payroll taxes to "stop the slide, the stalling, and to support investment."

 

Wall St. Mixed Ahead of Tuesday’s Vote

 

By THE ASSOCIATED PRESS 12:54 PM ET

 

Many investors seemed to be standing down in anticipation of a close presidential election.

 

Fight Builds Over Online Royalties

 

By BEN SISARIO

 

New legislation pressed by Pandora Media and other Internet radio services to reduce their royalty rates has touched a nerve in the music industry.

 

THOMPSON-thumbStandard.jpg

As Scandal Flared, BBC’s Leaders Missed Red Flags

 

By MATTHEW PURDY

 

Interviews with former BBC officials suggest that Mark Thompson and his top executives repeatedly missed opportunities to pursue a fuller picture of the BBC’s investigation into Jimmy Savile.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

[/url]

 

George Osborne threatens big business with global tax crackdown

 

tax-hmrc_2358937g.jpg

The Chancellor and his German counterpart have threatened to go to war with big business by calling on the world's leading 20 nations to crack down on habitual tax dodging.

45 Comments

People could start hitting tax-avoiding firms with their wallets

 

 

 

 

Over-taxed France 'risks slipping behind Spain'

 

hollande_2389408g.jpg

The International Monetary Fund has told France to take urgent measures to head off national economic decline, warning that the country risks being left behind as southern Europe embraces reform.

20 Comments

British economy to grow faster than all major countries in Europe

 

 

Weak services data raises triple-dip risk

 

 

Debt crisis: as it happened - November 5, 2012

 

 

 

Banks have lost 'right to self-determination'

 

hsbc_2292355g.jpg

Banks have lost the right to shape their own future and will have to accept whatever changes are imposed by regulators, according to Douglas Flint, the chairman of HSBC.

1 Comment

HSBC profits hurt as fines charge hits $1.5bn

 

 

Lenders in the dock: past bank scandals

 

 

 

Cameron defends arms deals with Gulf states

 

raf9_2370441g.jpg

Selling arms to Saudi Arabia and the United Arab Emirates is "legitimate and right" as autocratic countries have a right to self defence, David Cameron has said.

50 Comments

David Cameron: Iran could 'trigger nuclear arms race' in Middle East

 

 

 

M&S turns to Victoria's Secret to boost sales

 

secret_2389432g.jpg

Marks & Spencer has turned to Victoria’s Secret, the luxury lingerie brand, in an attempt to stop a decline in clothing sales.

3 Comments

 

S&P order to pay millions over AAA ratings

 

standard_1967690g.jpg

Global credit rating agencies could be hit by a wave of litigation after Standard & Poor’s was found liable for “misleading and deceptive” conduct in assigning triple-A ratings to debt-related products.

1 Comment

 

Levene jailed for £32m Ponzi fraud

 

 

 

 

Apple trade turns sour for US brokerage

 

Over-taxed France 'risks slipping behind Italy and Spain'

 

hollande_2389408g.jpg

The International Monetary Fund has told France to take urgent measures to head off national economic decline, warning that the country risks being left behind as southern Europe embraces reform.

20 Comments

Debt crisis: as it happened - November 5, 2012

 

 

 

 

Weak services data raises triple-dip risk

 

 

 

 

UK services sector slows to 22-month low: reaction

 

UK jobs miracle is based on some unsound foundations

 

China's economic destiny in doubt after leadership shock

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Obamacare Is About To Whack Personal Income

 

As I've said many times before, here it comes!

Several restaurants, hotels and retailers have started or are preparing to limit schedules of hourly workers to below 30 hours a week. That is the threshold at which large employers in 2014 would have to offer workers a minimum level of insurance or pay a penalty starting at $2,000 for each worker.

The shift is one of the first significant steps by employers to avoid requirements under the health-care law, and whether the trend continues hinges on Tuesday's election results. Republican presidential nominee Mitt Romney has pledged to overturn the Affordable Care Act, although he would face obstacles doing so.

Let's not mince words -- that's a 25% reduction in the impacted worker's gross wages!

 

We've seen this already here thanks to working tax credits where it can pay not to work, in the US clearly people have to work less so employers can escape becoming liable for stupidly expensive health insurance.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Breaking news

 

icon_rss.gif

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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M&S warns of volatile trading after profits dive

 

07 November 2012 12:00 AM

High street giant cautious on outlook as weak clothing drags results down 10 per cent and consumers remain under pressure

 

 

 

Hargreaves Services announce plans to mothball Maltby coal mine in Rotherham

 

07 November 2012 11:00 AM

The closure of one of the country's last remaining deep coal mines came a step closer today when the owners proposed that the site be mothballed.

 

 

 

Dutch firm ING to cut 2,350 jobs

 

07 November 2012 09:02 AM

ING Groep NV has revealed plans to cut 2,350 jobs alongside a sharp drop in third-quarter profits.

 

 

 

pg-16-comet-getty.jpg

The millionaire, his pop star wife and the fall of a high-street giant

 

07 November 2012 12:00 AM

Henry Jackson's OpCapita bought Comet for £2 – and could walk away with millions

 

 

 

Barack Obama election victory market boost short-lived

 

07 November 2012 03:51 PM

The euphoria surrounding president Barack Obama's re-election proved to be short-lived today as investors' focus switched to the approaching “fiscal cliff” in the US.

 

 

 

Pearson denies FT is up for sale

 

07 November 2012 12:00 AM

The owner of the Financial Times was forced into taking the unprecedented step of denying reports that it is exploring a £1bn sale of the newspaper, according to reports that emerged last night.

 

 

 

Cull of City jobs 'likely to be even greater than feared'

 

07 November 2012 12:00 AM

The scale of the bloodbath in City jobs looks set to be greater than feared it emerged yesterday.

 

 

 

Flying the flag pays off at Primark as ABF breaks the £1bn barrier

 

07 November 2012 12:00 AM

Patriotic shoppers piled into the cut-price fashion chain Primark to celebrate the Jubilee and Olympics over the summer, helping send annual profits in owner Associated British Foods (ABF) past the £1bn mark for the first time, the company said yesterday.

 

 

 

Surprise slump in UK output raises chance of more QE

 

07 November 2012 12:00 AM

Worrying signs of a dire October for the economy and a surprise slump for Britain's industrial base raised the pressure on the Bank of England to inject billions more into the UK recovery tomorrow.

 

 

 

Halifax gloom as it sees house prices drop again

 

07 November 2012 12:00 AM

A disappointing October for house prices swelled the gloomy mood music over the UK's recovery yesterday as lender Halifax warned of a deteriorating property market.

 

 

 

Aldi pulls in the customers as Britons seek discount bargains

 

07 November 2012 12:00 AM

The recession may officially be over, but Britons are still flocking to discount supermarket Aldi, with the German-owned retailer recording a huge, 29 per cent growth in sales during the 12 weeks to 28 October.

 

 

 

Nissan hit as Chinese boycott Japan

 

07 November 2012 12:00 AM

Nissan became the latest Japanese company hit by the nation's diplomatic row with China yesterday, as the car maker slashed full-year profit forecasts by a fifth to $3.99bn (£2.5bn).

 

 

 

Growth in China helps InterContinental outperform

 

07 November 2012 12:00 AM

Despite the prevailing economic gloom around the globe, Richard Solomons, the chief executive of InterContinental Hotels, is sure he can continue to outperform the market.

 

 

 

Car sales motor 12 per cent ahead in October

 

07 November 2012 12:00 AM

Britons bought 12 per cent more cars this October than last – which was not just good news on the forecourts but also as a barometer of growing consumer confidence. The growing demand for new vehicles saw optimistic car makers raise their expectations for sales this year.

 

 

 

G4S tries to shake off Olympic stigma

 

07 November 2012 12:00 AM

G4S attempted to put its Olympic security fiasco behind it yesterday ahead of a key test of the Government's willingness to work with it on major contracts.

Government jobs boost Babcock

 

07 November 2012 12:00 AM

Profits at Babcock International, the engineering services group, jumped by 13 per cent in the first half of the year as cost-cutting governments around the world farmed out more work to the private sector.

 

 

 

L&S eyes a swoop for £200m Metric

 

07 November 2012 12:00 AM

London & Stamford has agreed to take over Metric Property Investments, in a merger that analysts say could herald a wave of similar deals among smaller property firms.

 

 

 

FCA chairman defends HBOS audit

 

07 November 2012 12:00 AM

John Griffith-Jones, the chairman designate of the new Financial Conduct Authority, yesterday defended how his former accountancy firm checked the books of HBOS before the financial crisis, telling MPs nobody saw what was coming.

 

 

 

M&S 'takes action' after reporting fall in half-year profits

 

06 November 2012 11:40 AM

Marks & Spencer today said it was taking “decisive action” to remedy the costly mistakes that left it nursing a 10% drop in half-year profits.

 

 

 

Parcel firm DPD creates 1,500 jobs

 

06 November 2012 10:42 AM

Up to 1,500 new UK jobs are set to be created as part of £175 million expansion plans by parcel delivery company DPD.

 

 

 

Pg-52-banks.png

Banks have lost right to self-rule, says HSBC chief

 

06 November 2012 12:00 AM

Demands for more capital may mean ring-fencing is not needed, MPs told

 

 

 

Rothschild warring with Bakries to preserve Bumi

 

06 November 2012 12:00 AM

Nat Rothschild is fighting to preserve Bumi as a London-listed, Indonesia-focused coal miner, through a proposal that attempts to derail the Bakrie family's attempt to buy the group's assets and leave it as cash shell.

 

 

 

Ryanair sketches plan to dominate Europe's skies

 

06 November 2012 12:00 AM

Ryanair's outspoken chief executive, Michael O'Leary, has outlined his plans to dominate European skies and fly 120 million passengers a year as rival airlines go bust and flag carriers cut their short-haul operations to save money.

 

 

 

Pru splashes out to boost Thai share

 

06 November 2012 12:00 AM

Prudential has agreed to buy the insurance unit of Thailand's Thanachart Bank for £368m in its first Asian deal since the botched takeover of AIA in 2010.

 

 

 

Hiscox: Sandy will be third-dearest storm

 

06 November 2012 12:00 AM

Hurricane Sandy is on course to become the third most costly windstorm in history, the head of Lloyd's of London insurer Hiscox has warned.

Inmarsat on crest of a wave

 

06 November 2012 12:00 AM

The satellite company Inmarsat posted a 5 per cent rise in underlying third-quarter revenues yesterday, helped by the take-up of its broadband services by shipping customers globally.

 

 

 

Lacoste family at war over a mooted sale to the Swiss

 

06 November 2012 12:00 AM

The family behind Lacoste, the famous French casualwear brand, is at war over the possible sale of the label to Swiss investors.

 

 

 

Goldman chops back on partners

 

06 November 2012 12:00 AM

The banking industry's jobs squeeze has reached the very top of Goldman Sachs after the investment bank shed more than 30 of its elite partners in the past nine months, according to United States filings yesterday.

 

 

 

Investors are heading for the safe havens

 

06 November 2012 12:00 AM

Two-year German bond yields fell below zero yesterday as low-risk assets rallied before an uncertain United States presidential election and another make-or-break parliamentary vote in Greece.

 

 

 

Services shock puts more stimulus back in play

 

06 November 2012 12:00 AM

Signs of a slowdown in the all-important services sector yesterday raised fresh fears over the state of the UK economy and heaped pressure on the Bank of England's Monetary Policy Committee to print more money in order to support growth.

 

 

 

Big money still rolling in for the fat cats: Footsie chiefs' bonuses shrink but basic pay jumps by 10 per cent

 

06 November 2012 12:00 AM

Directors at Britain's top 100 companies picked up 10 per cent more pay last year despite taking home smaller bonuses.

 

 

 

Pg-52-banks.png

Banks have lost right to self-rule, says HSBC chief

 

06 November 2012 12:00 AM

Demands for more capital may mean ring-fencing is not needed, MPs told

 

 

 

Rothschild warring with Bakries to preserve Bumi

 

06 November 2012 12:00 AM

Nat Rothschild is fighting to preserve Bumi as a London-listed, Indonesia-focused coal miner, through a proposal that attempts to derail the Bakrie family's attempt to buy the group's assets and leave it as cash shell.

 

 

 

Ryanair sketches plan to dominate Europe's skies

 

06 November 2012 12:00 AM

Ryanair's outspoken chief executive, Michael O'Leary, has outlined his plans to dominate European skies and fly 120 million passengers a year as rival airlines go bust and flag carriers cut their short-haul operations to save money.

 

 

 

Pru splashes out to boost Thai share

 

06 November 2012 12:00 AM

Prudential has agreed to buy the insurance unit of Thailand's Thanachart Bank for £368m in its first Asian deal since the botched takeover of AIA in 2010.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Euro zone to flatline in 2013, pick up in 2014 - EU executive

 

7:46pm GMT

 

Portugal PM says ANA concession to cut '12 deficit

 

7:46pm GMT

 

Ford may cut more capacity if Europe outlook worsens

 

7:36pm GMT

 

UBS takes back some traders on leave amid overhaul - sources

 

7:22pm GMT

 

Stocks sink on fiscal angst after U.S. vote

 

FXpert 6:49pm GMT

 

Boeing announces defence division restructuring

 

Aerospace & Defence 6:46pm GMT

 

Draghi says ECB plan allows for unlimited bond buys

 

6:42pm GMT

 

Germany seeks to limit ECB role in banking union

 

6:42pm GMT

 

Carlyle pulls out of takeover talks with Chemring

 

6:32pm GMT

 

Private equity hunts for Europe bank deals

 

Spain 6:30pm GMT

 

IMF to return to Cyprus this week for aid talks

 

IMF 6:18pm GMT

 

Boeing aims for $1.6 billion in cost savings through 2015 - memo

 

6:16pm GMT

 

Rosneft in talks for $33.5 billion TNK-BP loans-bankers

 

5:57pm GMT

 

Poland cuts rates, more easing seen in December

 

5:52pm GMT

 

Traditional banking model? R.I.P. says UK regulator

 

5:29pm GMT

 

Post-election Wall Street tumbles, "fiscal cliff" looms

 

5:23pm GMT

 

HSBC eyes sale of U.S. loans to speed reshaping

 

5:02pm GMT

 

Shares fall sharply as growth concerns resurface

 

FXpert 4:56pm GMT

 

Ford may cut more European capacity if outlook worsens | btn_rel_video.gif

 

4:54pm GMT

 

Risk of east Europe venture payment hangs over Generali

 

4:33pm GMT

 

Shell says still interested in Libya oil exploration

 

4:27pm GMT

 

Obama's victory opens door to US-Europe trade talks, EU says

 

4:26pm GMT

 

EU's Rehn: maturity, interest change possible on Greek loans, no haircut

 

3:35pm GMT

 

Merkel wants ambitious overhaul of euro zone in two-three years

 

David Cameron 3:35pm GMT

 

Axa highlights life insurers' problems

 

3:31pm GMT

 

Britain's nuclear push may stall as risks mount

 

Nuclear Power 3:23pm GMT

 

German industry sputters as euro zone crisis weighs

 

3:23pm GMT

 

EADS sites searched in probe into Austrian Eurofighter buy

 

3:17pm GMT

 

Shell says still interested in Libya oil exploration

 

2:50pm GMT

 

FSA takes tough stance on Barclays CoCo issue

 

2:42pm GMT

 

Advisory body urges Xstrata investors to snub Glencore

 

6:07pm GMT

 

Stubborn Spain recession to undermine budget cuts - EU

 

Spain 2:33pm GMT

 

Burberry says richest customers keep spending

 

2:12pm GMT

 

EU's Rehn: budget focus must be on structural sustainability

 

G20 1:57pm GMT

 

Lawmakers must act to help save Greece - EU's Rehn

 

1:57pm GMT

 

EU exec to focus on Spanish structural deficit in disciplinary action - Rehn

 

Spain 1:57pm GMT

 

Banks approach ECB about alternatives to Libor

 

3:41pm GMT

 

Rosneft in talks for $25 billion TNK-BP loan - bankers

 

1:31pm GMT

 

Draghi says ECB plan allows for unlimited bond buys

 

1:31pm GMT

 

Commerzbank may cut up to 6,000 jobs - paper

 

1:29pm GMT

 

BP, Statoil and Total buy into TANAP gas pipeline

 

1:28pm GMT

 

Europe job woes spread as Ericsson, ING, Commerzbank cut

 

3:26pm GMT

 

Italy must do more to cut its deficit - EU's Rehn

 

1:10pm GMT

 

Stubborn Spain recession to undermine budget cuts - EU

 

Spain 1:02pm GMT

 

Betfair pulls back from Germany over gambling tax

 

12:43pm GMT

 

UK close to selling UAE 60 Typhoon jets - defence source

 

UK, 12:24pm GMT

 

ING to cut jobs in banking, insurance split

 

12:05pm GMT

 

German economy sputters as euro zone crisis bites

 

12:03pm GMT

 

Italy recession to linger, deficit targets seen missed - EU

 

12:03pm GMT

 

Ford may cut more Europe jobs if slump deepens

 

11:57am GMT

 

Hargreaves to suspend Maltby colliery operations

 

11:27am GMT

 

BNP Paribas eyes more cuts to counter European slowdown

 

11:22am GMT

 

OUE to decide on F&N bid by mid-Nov, appoints advisers

 

11:12am GMT

 

German industry output drops in Sept, manufacturing weighs

 

11:04am GMT

 

Russia to pursue Rosneft privatisation after TNK buy - Ifax quotes PM

 

10:54am GMT

 

Commerzbank could cut 5,000-6,000 jobs - paper

 

10:38am GMT

 

Open full European banking union to emerging Europe, EBRD says

 

10:31am GMT

 

BP, Statoil and Total buy into TANAP gas pipeline

 

10:22am GMT

 

FirstGroup freezes dividend after rail fiasco

 

10:21am GMT

 

Ericsson to cut near 9 percent of Swedish staff amid downturn

 

9:44am GMT

 

Morgan Stanley selling its Indian private bank -sources

 

9:34am GMT

 

South Korea widens nuclear lapses probe; KEPCO chief resigns

 

9:22am GMT

 

Wall Street left to rebuild Obama ties after backing Romney

 

9:02am GMT

 

ARM, Gemalto mobile security venture approved in EU

 

8:55am GMT

 

Analysis - Foreign insurers enter Myanmar market with hope, caution

 

8:50am GMT

 

BNP Paribas bolsters defences against European slowdown

 

8:36am GMT

 

EU sees Italy's economy shrinking 0.5 pct in 2013 - media

 

Spain 8:15am GMT

 

Merkel warns Britain against European Union exit

 

David Cameron, UK 6:40pm GMT

 

Betfair pulls back from Germany in tax dispute

 

7:56am GMT

 

Vedanta says overhaul on track as first-half profit climbs

 

7:52am GMT

 

Rathbone Brothers raises capital for acquisitions

 

7:45am GMT

 

FirstGroup keeps dividend flat after rail fiasco

 

7:45am GMT

 

Japan opposition leader urges Bank of Japan to target 3 percent inflation

 

Japan 7:36am GMT

 

Insurer Old Mutual expands in Nigeria

 

7:32am GMT

 

EU sees Italy economy shrinking 0.5 pct in 2013 -press

 

7:18am GMT

 

Canadian PM Harper says fears greater global protectionism

 

G20 7:04am GMT

 

BNP Paribas doubles third-quarter profit, boosts capital

 

6:28am GMT

 

LDP leader Abe: BOJ must ease until inflation hits 3 percent

 

Japan 6:14am GMT

 

Canadian PM Harper says fears greater global protectionism

 

G20 6:07am GMT

 

Soros says Obama victory means "more sensible politics"

 

5:32am GMT

 

StanChart hires Sun to head North Asia financials banking

 

5:15am GMT

 

Japan Maehara: powerful easing needed in deflation fight

 

Japan 5:11am GMT

 

Citi, UBS to jointly offer some services to broker-dealers in Asia-Pacific

 

4:31am GMT

 

Activist investor Nelson Peltz buys 1 percent stake in Danone - FT

 

1:51am GMT

 

BHP starts search for new chief executive - FT

 

12:56am GMT

 

Insight - Boeing may take year to decide on mini-jumbo revamp

 

Aerospace & Defence 12:46am GMT

 

News Corp earnings beat projections on cable strength

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Allied Irish asks former execs to return pensions

 

06 Nov 2012

 

Morgan Stanley should not boost bond trading - analyst

 

06 Nov 2012

 

Exclusive - Amazon to win EU e-book pricing tussle with Apple

 

06 Nov 2012

 

BHP starts search for new CEO - FT

 

06 Nov 2012

 

Wall Street gains as U.S. votes, euro steady

 

FXpert, 06 Nov 2012

 

News Corp earnings beat projections on cable strength

 

06 Nov 2012

 

Citigroup says it is among banks probed by Singapore over rates

 

06 Nov 2012

 

Pearson may weigh FT offers; company denies report

 

06 Nov 2012

 

Pearson to seek offers to sell Financial Times this year - media report

 

06 Nov 2012

 

L'Oreal says luxury growth slows, Asia tough

 

06 Nov 2012

 

CORRECTED-L'Oreal sees 2013 market growth similar to 2012

 

06 Nov 2012

 

ECB to hold rates after Draghi's hectic first year

 

06 Nov 2012

 

Portugal bailout review to start November 12

 

IMF 06 Nov 2012

 

Hungary says IMF/EU help needed, doubts remain

 

IMF 06 Nov 2012

 

Exclusive - American Century hires Ameriprise executive as COO

 

06 Nov 2012

 

World economy slows heading into year-end - PMIs

 

06 Nov 2012

 

Economic growth slows to 0.5 percent in three months through October - NIESR

 

06 Nov 2012

 

Accounting chief says leases reform in danger

 

G20 06 Nov 2012

 

Moody's cuts ArcelorMittal debt to junk status

 

06 Nov 2012

 

Luxury carmaker BMW starts to feel industry pain

 

06 Nov 2012

 

Bats Chi-X Europe applies to FSA to become European exchange

 

06 Nov 2012

 

Pernod bets on Africa as next growth frontier

 

06 Nov 2012

 

Earnings lift FTSE 100 before U.S. presidential result

 

FXpert 06 Nov 2012

 

Insurer Lancashire seeks $250 million to underpin reinsurance cover

 

06 Nov 2012

 

World Bank warns about debt levels, slump in Western Balkans

 

06 Nov 2012

 

NYSE Euronext bets on cuts to offset trading slump

 

06 Nov 2012

 

Bank of England to put stimulus on hold in close vote

 

06 Nov 2012

 

Merkel, Cameron to thrash out EU budget differences

 

David Cameron 06 Nov 2012

 

IAG October passenger traffic up 3.2 percent

 

Aerospace & Defence, Spain 06 Nov 2012

 

Ex-UBS, Credit Suisse banker pleads guilty in U.S. tax probe

 

06 Nov 2012

 

Rush to Europe corporate debt raises hot-money worry

 

06 Nov 2012

 

New bank cash buffer rule sees further delay

 

06 Nov 2012

 

Former top UK accountant defends audit of rescued HBOS

 

06 Nov 2012

 

Factbox - Where BoE members stand on monetary policy

 

06 Nov 2012

 

UK eyes pension fund billions for infrastructure

 

06 Nov 2012

 

UK property firms L&S and Metric propose merger

 

06 Nov 2012

 

Morgan Sindall CEO steps down after profit warning

 

06 Nov 2012

 

EEX, Powernext to combine European gas markets from 2013

 

06 Nov 2012

 

Europe presses Asia to open economies, boost demand

 

06 Nov 2012

 

Sainsbury's sales rise on own-brand boost - Kantar

 

06 Nov 2012

 

Greek bailout deal to be decided in "due time"-Van Rompuy

 

IMF 06 Nov 2012

 

Austerity plan sours Greek economic mood in October

 

06 Nov 2012

 

OFT examines Barclays' takeover of ING Direct

 

06 Nov 2012

 

G4S fights back from Olympics fiasco with faster growth

 

06 Nov 2012

 

Primark to continue European expansion

 

Spain 06 Nov 2012

 

Portugal minister says bringing deficit down fully will take years

 

IMF 06 Nov 2012

 

NYSE Euronext bets on cuts to offset trading losses

 

06 Nov 2012

 

Mercedes hurt by another weak sales month in China

 

06 Nov 2012

 

Shell seals $4 billion oil supply deal with Bashneft

 

06 Nov 2012

 

M&S says has investor support as profit falls less than forecast

 

06 Nov 2012

 

Gloomy reports show Europe's economies worsening

 

06 Nov 2012

 

Adecco sees no early relief for Europe's job seekers

 

06 Nov 2012

 

Germany industry orders plummet on weak euro zone demand

 

06 Nov 2012

 

London finance firms to axe 13,000 jobs in 2013 - study

 

UK, 06 Nov 2012

 

Glencore's Ng joins Standard Chartered's oil products team

 

06 Nov 2012

 

Slump in September industrial output dents recovery hopes

 

06 Nov 2012

 

Luxury carmaker BMW starts to feel industry pain

 

06 Nov 2012

 

InterContinental wants new bids for NY's Barclay Hotel

 

06 Nov 2012

 

BMW aims for 8-10 percent Autos EBIT margin in 2013

 

06 Nov 2012

 

Babcock profit jumps 13 percent on austerity boost

 

06 Nov 2012

 

Euro zone factory prices rise at slower rate in September

 

06 Nov 2012

 

Instant View - September industrial output falls short of forecasts

 

06 Nov 2012

 

Morgan Sindall CEO steps down after profit warning

 

06 Nov 2012

 

UAE, UK say plan defence partnership around Typhoon

 

David Cameron 06 Nov 2012

 

AngloGold suspends production at South African mine

 

06 Nov 2012

 

EU to predict dire 2013 for Spain - report

 

Spain, G20 06 Nov 2012

 

China row drags on Nissan, cuts full-year forecasts

 

Japan 06 Nov 2012

 

Euro zone economy's decline deepens in October

 

06 Nov 2012

 

UAE, UK say plan defence partnership around Typhoon

 

06 Nov 2012

 

House prices fall at faster rate in October - Halifax

 

UK 06 Nov 2012

 

Bowleven in partnership with Petrofac to develop Cameroon blocks

 

06 Nov 2012

 

AB Foods profit jumps on sugar and Primark results

 

06 Nov 2012

 

Spain's PM wants assurance rescue would cut debt costs

 

06 Nov 2012

 

Analysis - Washington, Wall Street misreading each other again as cliff nears

 

Swine Flu H1N1 06 Nov 2012

 

Credit Suisse in asset management venture with Qatar

 

06 Nov 2012

 

2012 seen as worst year for Spain, to improve thereafter - Rajoy

 

06 Nov 2012

 

G4S sees UK improvement as revenues remain steady

 

06 Nov 2012

 

Gold Fields declares end to South Africa strikes

 

06 Nov 2012

 

InterContinental seeks fresh bids for New York Barclay

 

06 Nov 2012

 

Property companies London & Stamford, Metric to merge

 

06 Nov 2012

 

Credit Suisse in asset management venture with Qatar

 

06 Nov 2012

 

Adecco sales decline worsens in third-quarter

 

06 Nov 2012

 

G20 carves out some more wiggle room on austerity plans

 

G20 06 Nov 2012

 

India will defer spending to rein in fiscal deficit

 

06 Nov 2012

 

U.S. clears sale of Lockheed missile defence system to UAE, Qatar

 

06 Nov 2012

 

Fed could buy more Treasuries if needed, Williams says

 

06 Nov 2012

 

China factory, investment data seen cementing modest growth recovery

 

06 Nov 2012

 

Retailers see sharp slowdown as Britons cut back - BRC

 

UK, 06 Nov 2012

 

France's Total makes first venture into Australian shale gas

 

06 Nov 2012

 

G20 acknowledges slippage on swaps reform

 

G20 06 Nov 2012

 

Cameron woos Emirates energy investors

 

06 Nov 2012

 

Greeks strike over spending cuts before crucial vote | btn_rel_video.gif

 

06 Nov 2012

 

Euro zone on track for decision on Greece on Nov 12

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

7 November 2012 Last updated at 19:13

 

 

Focus turns to US budget clash_63981985_w4qq65zh.jpg

 

Global markets show little reaction to Barack Obama's victory, with investor attention now turning to a looming budget clash in Washington.

 

 

_63994409_63994341.jpgEuro growth forecast hits markets

 

The European Commission cuts sharply its growth forecast for the eurozone, pushing global stock markets lower.

 

 

 

_63977584_015947346-1.jpgBurberry sticks to growth targets

 

Fashion house Burberry tells the BBC it is sticking to its global expansion plans, despite concerns about the impact of the global downturn on luxury retailers.

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

[/url]

 

Markets tumble after Barack Obama re-elected as President

 

obama_2196055g.jpg

Global stock markets, which initially greeted re-election of Barack Obama by creeping higher, have reversed amid fears over 'fiscal cliff' and fresh concerns over the European economy.

27 Comments

 

 

Debt crisis: Greek protesters clash with police

 

GP7-CROWDS2_2391730g.jpg

Protesters have clashed with police in Athens' Syntagma Square outside of the Greek parliament, as they protest against the governments' austerity budget, which is due to be voted on tonight.

550 Comments

Greeks clash with riot police as politicans vote on austerity

 

 

Greek shipowners face being levied for first time

 

 

EU slashes eurozone growth forecasts

 

 

 

Banks 'should be split if they dodge ring-fence'

 

city_1379354g.jpg

Banks should be broken up if they fail to implement Government’s ring-fencing plans properly under new legislation proposed by the Bank of England’s Andy Haldane.

33 Comments

 

Recession hit wages of rich as well as poor

 

pilots_2124027g.jpg

Workers across the entire income spectrum have suffered real-term pay cuts in the past five years as salaries failed to keep pace with inflation, a study by the Office for National Statistics has found.

Comment

 

Dixons chief wants to help save Comet jobs

 

comet-store_2386934g.jpg

Dixons Retail's chief executive has pledged to try to save some of the staff facing job cuts at collapsed electricals chain, Comet, where almost 7,000 jobs are at risk.

14 Comments

Comet investors saved £60m by cutting stock

 

 

 

West Coast fiasco could have been 'remedied'

 

toole_2313729g.jpg

The Government’s shock decision to scrap the bidding competition for the West Coast Main Line was an overreaction, FirstGroup has suggested.

3 Comments

 

Burberry takes a hit on perfume

 

 

 

 

Women 'earn £500,000 less than men'

 

 

 

 

 

 

Apple shares lose 20pc since September record

 

apple_2385296f.jpg

More than $130bn wiped off value of tech giant in less than two months.

5 Comments

 

550 jobs at risk as Maltby Colliery set to close

 

drax_2146024f.jpg

South Yorkshire mine likely to be closed due to dangerous conditions

Debt crisis: Protesters clash with police in Athens - live

 

GP7-CROWDS2_2391730g.jpg

Protesters have clashed with police in Athens' Syntagma Square outside of the Greek parliament, as they protest against the governments' austerity budget, which is due to be voted on tonight.

550 Comments

The good and bad of 25 years of rising wages

 

 

 

 

Greeks clash with riot police as politicans vote on austerity

 

 

 

 

Put politicians back in charge of the Bank of England

 

A higher minimum wage is an easy answer that won't work

 

The good and bad of 25 years of rising wages

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Investors on Wall St. React Nervously

 

By NELSON D. SCHWARTZ 12:51 PM ET

 

 

The focus among traders shifted quickly from electoral politics to the looming fiscal uncertainty in Washington.

 

 

 

 

08outlook-sub-sfSpan.jpg

Henny Ray Abrams/Associated Press

 

A trader on the floor of the New York Stock Exchange on Wednesday. A day after the election, the outlook of continued divided government in Washington and little prospect for compromise unnerved traders.

 

 

 

 

 

 

Europe Foresees Weak Recovery Next Year

 

By JAMES KANTER

 

Unemployment will remain at "very high" levels, according to a gloomy set of forecasts issued by the European Commission.

 

 

Parliamentary Maneuvers in Greece Ahead of Austerity Vote

 

By NIKI KITSANTONIS 12:49 PM ET

 

Hours before Greek lawmakers were to take up a controversial budget package Wednesday, its supporters fought off an effort to declare the legislation unconstitutional.

 

 

U.S. Affirms Tariffs Against Chinese Solar Companies

 

By DIANE CARDWELL 1:16 PM ET

 

The decision by the United States International Trade Commission was a victory for American panel producers, who have been struggling to survive.

 

Changing of the Guard

 

07invest-thumbStandard.jpg

Facing Protests, China’s Business Investment Slows

 

By KEITH BRADSHER

 

The Chinese government has backtracked on building some new plants and appeared to be slowly shifting its focus toward a greater reliance on consumption.

 

 

Bid to Label Biotech Crops Is Defeated in California

 

By ANDREW POLLACK 10:47 AM ET

 

Support for the initiative crumpled under a barrage of negative advertisements paid for by food and seed companies.

 

Boeing Aims for $1.6 Billion in Cost Savings

 

By REUTERS 1:09 PM ET

 

The company wants to reduce costs in its defense from 2013 through 2015 under a major restructuring effort, the head of Boeing Defense Space & Security told employees.

 

EADS Offices Raided in Corruption Inquiry

 

By NICOLA CLARK 11:39 AM ET

 

The raids were part of an investigation into alleged corruption in the sale of Eurofighter jets to Austria.

 

Media Decoder Blog

 

Cable Networks Help Time Warner's Quarterly Profit

 

By AMY CHOZICK 10:40 AM ET

 

Time Warner's suite of cable networks, including TBS and HBO, contributed to the company's 1.9 percent increase in third-quarter net profit, but revenue was offset by continued weakness at its magazine and movie divisions.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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And Now The Warning From Fitch

 

The sell-off is largely due to this -- Fitch is now warning that unless the US Government stops running deficits it will be downgraded.

Yep.

And there is no credible plan to do that, because doing so means that you must admit that the so-called "growth" and "recovery" of the last four years has been an intentional lie.

Removing the 10% deficit spending means that GDP instantly contracts by that same 10%. This is arithmetic and cannot be avoided, evaded, or bargained away. GDP = C + I + G + (x - i)

Reduce "G" by 10% of GDP (which is roughly what has to happen) and GDP contracts 10%. Period.

 

More at the link.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Why Our Markets Are Going to Blow Up AGAIN

 

Read carefully for content folks:

Rochdale Securities LLC, the brokerage that employs bank analyst Dick Bove, is in advanced talks to save the firm after unauthorized trades in
Apple Inc. (AAPL)
went sour, said two people with knowledge of the negotiations.

...

Top Rochdale executives told potential investors that a trader bought $750 million to $1 billion in Apple shares last month without permission, the people said. The stock then dropped in value by a few million dollars and depleted the firm’s cushion against losses, the people said. Closely held
Rochdale
had $3.44 million of capital at the end of last year, according to a regulatory filing.

Ok, how?

This tells you everything you need to know.

The company managed to purchase, somehow, two hundred times its capital worth of stock, a leverage ratio of (duh!) 200:1, which means a 1/2% decline in value would wipe out the entire capital book.

With what did the firm clear that trade? Its good looks?

 

More at the link.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Non-Manufacturing ISM: 54.2

The survey says!

The report was issued today by Anthony Nieves, C.P.M., CFPM, chair of the Institute for Supply Management™ Non-Manufacturing Business Survey Committee. "The NMI™ registered 54.2 percent in October, 0.9 percentage point lower than the 55.1 percent registered in September. This indicates continued growth this month at a slightly slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 55.4 percent, which is 4.5 percentage points lower than the 59.9 percent reported in September, reflecting growth for the 39th consecutive month. The New Orders Index decreased by 2.9 percentage points to 54.8 percent. The Employment Index increased by 3.8 percentage points to 54.9 percent, indicating growth in employment for the third consecutive month. The Prices Index decreased 2.5 percentage points to 65.6 percent, indicating prices increased at a slower rate in October when compared to September. According to the NMI™, 13 non-manufacturing industries reported growth in October. The majority of the respondents' comments reflect a positive but guarded outlook on business conditions and the economy."

The interesting internals are found in the new orders and employment -- they're diverging. New orders and production both declined while employment accelerated from near-flat to a healthier pace.

 

More at the link.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Obamacare Is About To Whack Personal Income

 

As I've said many times before, here it comes!

Several restaurants, hotels and retailers have started or are preparing to limit schedules of hourly workers to below 30 hours a week. That is the threshold at which large employers in 2014 would have to offer workers a minimum level of insurance or pay a penalty starting at $2,000 for each worker.

The shift is one of the first significant steps by employers to avoid requirements under the health-care law, and whether the trend continues hinges on Tuesday's election results. Republican presidential nominee Mitt Romney has pledged to overturn the Affordable Care Act, although he would face obstacles doing so.

Let's not mince words -- that's a 25% reduction in the impacted worker's gross wages!

It's already started with some "pilot projects" among certain employers, and this will spread. Bank on it. The results will be catastrophic for people in this income class, as on top of having gasoline double in price over the last four years along with other forms of energy rising precipitously along with food and health care now you're going to see a 25% reduction in their working hours, meaning that their income is going to come down by that same 25%!

 

More at the link.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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