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The great interest rate rip off part 8

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Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

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Breaking news

 

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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.

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Number 8...

 

The global economy appears to be heading towards becoming a zombie with small growth rates and perpetual stimulus. Politically it's become unacceptable to have a recession so all policies are focussed on avoiding them. In the short term this can be done, however ultimately it's going to trigger an even bigger crash.

 

The trouble is the entire global economy is far too interlinked and keeping this juggling act going is becoming harder and harder, one mistake and it will all collapse.


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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Carney is right choice for UK, says Brazil bank chief

 

03 December 2012 12:00 AM

The head of Brazil's central bank has praised the appointment of Mark Carney as Governor of the Bank of England, saying the Canadian's global reputation meant he was the ideal man to steer the economy back into health.

 

 

 

Use council bonds for infrastructure, top engineer urges

 

03 December 2012 12:00 AM

The Chancellor should encourage local councils to fund new infrastructure projects by using government-backed municipal bonds, according to a top boss at CrossRail contractor URS.

 

 

 

Ministers urged to curb soaring executive pay

 

03 December 2012 12:00 AM

A failure by the Government to clamp down on executive pay is to blame for the growing wealth gap between fat-cat bosses and the general workforce, according to a report out today.

 

 

 

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Starbucks says it will start paying more UK tax

 

03 December 2012 06:56 PM

Starbucks has bowed to the public outcry over its tax affairs and agreed to amend its operation, increasing its rate of corporation tax contributions.

 

 

 

Pickfords removal firm out of administration

 

03 December 2012 03:01 PM

Pickfords - the 400-year-old removal company at the heart of a Channel 5 documentary series - has been bought out of administration, it emerged today.

 

 

 

£500m borrowed by businesses and households in new Bank of England scheme

 

03 December 2012 01:27 PM

The scheme was launched over the summer to offer lenders funding at low interest rates on condition it is passed on to households and businesses

 

 

 

Data could be worth billions to UK but needs investment, say experts

 

03 December 2012 12:50 PM

The government-funded Open Data Institute has called on Chancellor George Osborne to give “greater investment and greater support” to the data industry in his Autumn Statement, saying it could create billions for the UK economy.

 

 

 

HBOS ex-chiefs admit taking too much risk before bailout

 

03 December 2012 12:49 PM

Two former bosses of HBOS, the bank which had to be bailed out by the government and taken over by Lloyds at the height of the financial crisis, today admitted that it had taken greater risks than it should.

 

 

 

Singapore Airlines set to sell off its slice of Virgin Atlantic

 

03 December 2012 12:49 PM

Virgin Atlantic could see a bidding war erupt over the 49% stake not owned by its billionaire founder Sir Richard Branson, after current owner Singapore Airlines said it was “in discussions with interested parties” about a sale.

 

 

 

UBS set to settle with regulators over Libor fixing

 

03 December 2012 12:48 PM

One of the City’s top investment banks UBS is close to settling with UK and US regulators to pay a record amount over claims that its traders fixed the key Libor interest rate.

 

 

 

Slow start to Funding for Lending Scheme as banks snub cheap funds

 

03 December 2012 12:48 PM

The Government’s flagship Funding for Lending Scheme, designed to boost the sickly economy, has got off to an underwhelming start.

 

 

 

Environmental disasters hurt companies more than illegality

 

03 December 2012 12:00 AM

Environmental disasters or product recalls hit companies' values more than the actions of rogue workers or illegal corporate activity, according to a study out today.

 

 

 

Rainy November casts gloom on high street

 

03 December 2012 12:00 AM

The foul weather in late November decimated footfall across the high street, reinforcing the view that shoppers will leave their festive spending to the last minute this year.

 

 

 

Spain's PM admits doubt over pledge to cut deficit

 

03 December 2012 12:00 AM

The Spanish Prime Minister Mariano Rajoy admitted yesterday that a promise to cut the embattled country's deficit to 6.3 per cent this year will be "very complicated" to meet.


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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Clayton wins bid battle for retailer B&M

 

UK 8:07pm GMT

 

U.S. SEC charges China affiliates of top accounting firms

 

7:42pm GMT

 

Murdoch keeps News Corp name, Thomson becomes publishing CEO

 

7:27pm GMT

 

Former boss says sorry for role in HBOS catastrophe

 

UK 7:23pm GMT

 

Boeing separates airplane production, design

 

Aerospace & Defence 7:21pm GMT

 

Morgan Stanley trader did not manipulate market - lawyer

 

7:16pm GMT

 

Lufthansa plans cost cuts at long-haul business

 

7:02pm GMT

 

Four Spanish banks to need 1.5 billion euro in EU funds - minister

 

Spain 6:42pm GMT

 

France, Italy eye costly rail link despite EU budget row

 

6:32pm GMT

 

Euro surges to six-week high vs dollar; outlook cautious

 

Spain 6:23pm GMT

 

EADS shares up on shareholder shake-up prospects | btn_rel_video.gif

 

Aerospace & Defence 6:18pm GMT

 

Murdoch opts for TV exec Darcey to run British newspapers

 

6:15pm GMT

 

IMF adopts view on capital controls, emerging countries wary

 

IMF 6:13pm GMT

 

UBS nears deal with U.S., UK over Libor

 

6:02pm GMT

 

French car market set for worst year since 1997

 

5:57pm GMT

 

Manufacturing contraction eases, orders still fall

 

UK 5:54pm GMT

 

Airbus CEO upbeat on EADS revamp, profit growth

 

5:41pm GMT

 

Big Swiss banks to charge fees on some franc deposits

 

5:30pm GMT

 

FTSE edges up after upbeat China data

 

FXpert 5:16pm GMT

 

Ex-Goldman Sachs trader did not manipulate markets - attorney

 

5:12pm GMT

 

Luxury home tax may backfire as buyers stay away

 

UK 5:10pm GMT

 

BP to be simpler, oilier as investment rises

 

5:08pm GMT

 

Citi cuts telecoms head in Europe - sources

 

5:01pm GMT

 

Euro zone manufacturing downturn eases in November - PMI

 

4:46pm GMT

 

Global manufacturing slump eases in November - PMIs

 

4:46pm GMT

 

Global manufacturing slump eases in November -PMIs

 

4:29pm GMT

 

Former HBOS chiefs say management underestimated risks

 

4:17pm GMT

 

Greek bond buyback offer tops expectations | btn_rel_video.gif

 

6:40pm GMT

 

Comments from euro zone finance ministers, officials

 

3:54pm GMT

 

Vale to scale back investment as global economy bites

 

3:50pm GMT

 

Spain tax amnesty deal far from government target

 

3:45pm GMT

 

New London finance jobs in November at five-year low - recruiter

 

UK, 3:44pm GMT

 

GSK hopes for 14 new drug successes in 2013/14

 

3:40pm GMT

 

Goldman hires Barclays banker to run Saudi business - sources

 

3:24pm GMT

 

Ford launches TV, print ad blitz to revive Lincoln sales

 

3:06pm GMT

 

France's Hollande says EADS shareholder deal close

 

2:49pm GMT

 

BoE's Haldane says bankers' pay should fall further

 

UK, G20 2:40pm GMT

 

Italian designers Dolce & Gabbana tax trial kicks off

 

2:37pm GMT

 

UK investors eye recovery, keep cutting back cash

 

UK, 2:37pm GMT

 

GSK details hopes for 14 pipeline drugs in 2013/14

 

2:29pm GMT

 

Volvo Car invests in Sweden to cut production costs

 

2:16pm GMT

 

Delta among suitors for Virgin Atlantic stake - sources

 

Aerospace & Defence 1:56pm GMT

 

Former HBOS chiefs say management underestimated risks

 

1:54pm GMT

 

ECB may raise fees for settlement system due to weak trading

 

1:46pm GMT

 

ECB's Noyer says inflation expectations well-anchored

 

1:16pm GMT

 

Spain makes formal request for EU bank aid

 

1:16pm GMT

 

HMV sells off more of its live business

 

Entertainment 1:11pm GMT

 

Steel reprieve comes at price for France's Hollande

 

1:07pm GMT

 

Ford launches TV, print ad blitz to revive Lincoln sales

 

12:57pm GMT

 

Airbus says "sharklets" get EU green light

 

Aerospace & Defence 12:53pm GMT

 

Waitrose weekly sales up 7.8 pct as Xmas momentum builds

 

UK, 12:48pm GMT

 

Soft power: China's Wanda eyes U.S. hotel, movie deals

 

12:23pm GMT

 

Irish consumer confidence rises ahead of budget

 

12:03pm GMT

 

Greek debt cut deal paves way for recovery, cenbank says

 

11:34am GMT

 

Factbox - Banks' use of ECB lending facilities

 

11:31am GMT

 

Ex-HBOS CEO Hornby: too much info may have obscured risks

 

11:18am GMT

 

Bank of England credit scheme sees moderate initial take-up

 

11:18am GMT

 

Credit Suisse boss under pressure despite outsmarting rival

 

11:11am GMT

 

Factbox - ECB policymakers' recent comments

 

11:06am GMT

 

Factbox - Greece sets price ranges for bond buyback

 

11:04am GMT

 

UBS near $450 million settlement with U.S., UK over Libor - NYT

 

10:50am GMT

 

HSBC names new head of retail banking as Thurston retires

 

10:46am GMT

 

TNK-BP minorities withdraw BP damages claim

 

10:22am GMT

 

Maldives to take control of GMR airport despite court order

 

10:21am GMT

 

Paragon targets banking licence through acquisition

 

10:04am GMT

 

Nokia Siemens to sell optical networks unit

 

9:51am GMT

 

EADS confirms shareholder structure talks

 

Aerospace & Defence 9:41am GMT

 

Germany says working for quick EADS shareholding agreement

 

9:41am GMT

 

UK manufacturing slows less than feared in November - PMI

 

9:29am GMT

 

Factory surveys show China reviving, global rebound fragile

 

9:01am GMT

 

Euro zone manufacturing downturn eases in November - PMI

 

9:01am GMT

 

Greece launches bond buyback offer via Dutch auction

 

8:20am GMT

 

Shares slip after U.S. data, oil mixed on China

 

FXpert, 8:11pm GMT

 

France on track for 0.8 percent 2013 growth target - minister

 

FXpert 7:00am GMT

 

ECB's Noyer - bond buying needed to restore monetary policy function

 

6:31am GMT

 

Morgan Stanley trader probed over trades made while at Goldman

 

5:51am GMT

 

Analysis - SAC's Cohen shows no signs of retreat despite scandal

 

5:02am GMT

 

China's Huaxia Bank says rogue employee sold troubled wealth product

 

4:29am GMT

 

Insight - Krawcheck, possible SEC head, raises Washington image

 

4:01am GMT

 

Sundance warns of Hanlong deal delay as China bank seeks information

 

3:48am GMT

 

Delta among suitors for stake in Virgin Atlantic - sources

 

Aerospace & Defence 3:37am GMT

 

Australia crackdown on Google taxes seen holding investment risks

 

G20, Australia 3:32am GMT

 

RBS needs 10 years to return to private sector - Times

 

3:11am GMT

 

Brazil central banker praises BoE appointment - Independent

 

2:55am GMT

 

UK aims to raise extra 2 billion pounds a year from tax avoiders

 

2:51am GMT

 

China PMI survey shows growth reviving, but uneven

 

2:00am GMT

 

France takes aim at UK's dominance in euro trade

 

1:11am GMT

 

ECB's Noyer says inflation expectations well-anchored

 

1:11am GMT

 

Factory output weakest since late 2009 - EEF survey

 

12:21am GMT

 

MPs call for tax crackdown on multinationals

 

12:13am GMT

 

Singapore Airlines says in talks to sell Virgin Atlantic stake

 

12:10am GMT

 

Britain must hike infrastructure budget - Ernst & Young

 

12:06am GMT

 

Eurozone crisis drags down European ad spending - report


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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3 December 2012 Last updated at 18:54

 

 

Starbucks 'planning tax changes'_64531658_starbucks_getty.jpg

 

Starbucks is planning to change the way it operates so that it will end up paying corporation tax in the UK, the BBC has learned.

 

 

US charges accountants over China

 

The US financial regulator charges the Chinese units of five accounting firms, including the "Big Four", over refusing to hand over auditing data.

 

 

_64530512_012216582-1.jpgBanking crisis 'bad as world war'

 

A top Bank of England official tells the BBC the banking crisis has been as bad for the economy as a world war - and bankers' pay should fall further.

 

 

 

 


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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UBS Is Reported to Be Near a Deal on Rate Rigging

 

By BEN PROTESS and MARK SCOTT

 

The Swiss banking giant is expected to pay fines of more than $450 million to settle claims that it reported false rates to increase its profit, officials briefed on the matter said.

 

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Spencer Platt/Getty Images

 

 

Newspapers Continue to Struggle

 

The latest shake-ups at newspaper companies. | Marketing to single aunts. | Networks fail to produce fall television hits.

 

 

 

 

 

 

DealBook

 

S.E.C. Charges the Chinese Affiliates of 5 Big Accounting Firms

 

By EDWARD WYATT 23 minutes ago

 

The Securities and Exchange Commission says the Chinese affiliates of the five largest United States accounting firms failed to produce work papers from their audits of several China-based companies that are under investigation.

 

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Plant to Convert Gas to Liquid Fuel Planned in U.S.

 

By CLIFFORD KRAUSS 11:15 AM ET

 

The plant, to be built by Sasol, a South African company, would produce 96,000 barrels of fuel a day using a “gas to liquids” technology.

 

Greece Announces Terms of $13 Billion Bond Buyback to Slash Debt

 

By THE ASSOCIATED PRESS

 

Private holder of bonds will have until Friday to register for the program to sell back their securities at a heavy discount.

 

 

Better Economy and Storm Delays Lift U.S. Auto Sales

 

By THE ASSOCIATED PRESS 41 minutes ago

 

Carmakers reported brisk demand in November, and said sales rose on everything from small S.U.V.’s to sedans.

 

Pullback in Manufacturing

 

By THE ASSOCIATED PRESS 1:42 PM ET

 

Manufacturing in the United States shrank in November to its weakest level since July 2009, a private survey showed.

 

 

DealBook

 

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Morgan Stanley Trader Faces Inquiry on Possible Manipulation

 

By SUSANNE CRAIG

 

Glenn Hadden, who is now head of the global interest rates desk at Morgan Stanley, is under investigation over his trading in Treasury futures while at Goldman Sachs.

 

 

News Corp. Announces Its Corporate Split, and the Closing of The Daily

 

By AMY CHOZICK 11:16 AM ET

 

Among the details of the division of News Corporation into publishing and entertainment groups was the news that its stand-alone tablet newspaper would cease publication.

 

British Lawmakers Accuse Multinationals of ‘Immorally’ Avoiding Taxes

 

By ERIC PFANNER 1:57 PM ET

 

A committee of Parliament on Monday said government should clamp down on companies that exploit tax laws to move profits offshore.

 

First Round of Deficit Cuts Is Sticking Point in Fiscal Talks

 

By JONATHAN WEISMAN 10:56 AM ET

 

The White House and Congress cannot seem to agree on the scope and size of the first measures that would replace the automatic spending cuts and tax increases that make up the “fiscal cliff.”

First Round of Deficit Cuts Is Sticking Point in Fiscal Talks

 

By JONATHAN WEISMAN 10:56 AM ET

 

The White House and Congress cannot seem to agree on the scope and size of the first measures that would replace the automatic spending cuts and tax increases that make up the “fiscal cliff.”

 


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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Losses caused by banks as bad as a 'world war', says BoE's Haldane

 

city-of-london_2130170g.jpg

The financial crisis has been as economically devastating as a world war and may still be a burden on “our grandchildren”, a top Bank of England official has said.

213 Comments

HBOS collapsed due to 'incompetence'

 

crosby_2417093g.jpg

HBOS collapsed because of “incompetence” in the bank’s corporate lending division, Sir James Crosby, former chief executive, has admitted.

12 Comments

 

Spain requests €39.5bn of EU aid

 

euros_2392805g.jpg

Spain on Monday has formaly requested a €39.5bn of European funds to recapitalise its crippled banking sector as Greece unveils details of bond-buyback and eurozone finance ministers meet to discuss the deal.

22 Comments

Greece offers to buy back €10bn of its debt

 

 

Debt crisis: as it happened - December 3, 2012

 

 

 

Banks in state scheme cut lending by £1bn

 

boe_2391720g.jpg

Only six banks and building societies used the Government’s ground-breaking scheme to drive cheap loans through to households and businesses in its first two months of operation – and they withdrew £1.04bn from the economy.

20 Comments

 

Google and Amazon refuse to yield in tax row

 

googs_2417099g.jpg

Google and Amazon refused to bow to pressure over their UK tax payments on Monday as the Institute of Directors called for politicians to stop “hectoring from Westminster” and instead move to change Britain’s laws.

6 Comments

Starbucks, Google tax avoidance 'an insult'

 

 

 

Jobs at risk as Bupa split health operations

 

bupa-logo_1923687g.jpg

Bupa is to split its health and wellbeing business in a “fundamental” shake-up of operations, which could lead to job cuts.

19 Comments

 

Apax and Guardian in talks over Auto Trader deal

 

 

 

 

UK manufacturing shrinks less than expected

 

 

 

 

TNK-BP investors drop $3bn claim against BP

 

 

 

 

London should be sidelined, says Noyer

 

The taxman isn’t really after the big beasts

 

CMWR8W_2416943g.jpg

Small businesses will bear the brunt of the Revenue’s blitz, says Philip Johnston

Comment

Greece offers to buy back €10bn of its debt

 

 

 

 

Spain requests €39.5bn bank bail-out, but no state rescue

 

 

 

 

More FTSE 100 firms sign up to pay suppliers on time

 

The world's commodity supercycle is far from dead

 

More of bleak winter rather than mellow fruitfulness

 

Prosperity across the South is hiding a recession in much of Britain


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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Fed President Promotes Political Lies

There's stupid, there's really stupid, and then there's trying to dig oneself out of a hole when you're both in it and the only place for the dirt is in that very same hole.

In other words you simply deplete food and water (which you need to survive) but cannot possibly do anything useful. And that's what The Fed's Rosengren says there is a "strong case" for:

Federal Reserve Bank of Boston President
Eric Rosengren
said he sees a “strong case” for the central bank to buy bonds at the current monthly pace of $85 billion after its Operation Twist program expires.

“Given the tepid economic recovery, high unemployment, and subdued inflation -- and the uncertainty around fiscal policy --I believe an accommodative
monetary policy
is quite appropriate,” Rosengren said today in the text of remarks for a speech in New York. “We want to see continued improvement in labor markets in the near term, and monetary policy should encourage faster economic growth to achieve that objective.”

Uh huh.

Let's do the arithmetic.

We have a ~$15,000 billion economy ($15 trillion, more or less.)

The Fed proposes to "continue" to buy $85 billion/month of Treasuries. This represents $1,020 billion a year, or about 6.8% of GDP.

 

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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http://www.independent.co.uk/news/uk/home-news/former-hbos-chief-executive-sir-james-crosby-sold-off-shares-in-bank-on-the-eve-of-crash-8376368.html

 

The former chief executive of HBOS has told members of the Parliamentary Commission on Banking Standards that he sold two thirds of his shares in bank in the two years before its near collapse.

Sir James Crosby also admitted that lending by bankers at HBOS was “incompetent” after a heated exchange in which he was challenged on at least 15 separate occasions by Andrew Tyrie, chairman of the Commission.

Sir James earned nearly £8m while chief executive of the bank he brought to life by stewarding the merger of Halifax with Bank of Scotland. He retired on in the middle of 2006 on an index linked pension of £570,000, Commission members were told.

 

The bankers are laughing at us, they caused the crisis and then ensured they checked out their winnings before the car crash.

 

How nice of them.


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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Sir Philip Green set to sell up to offload sizeable Topman and Topshop stake

 

04 December 2012 07:24 PM

Billionaire retailer Sir Philip Green is on the verge of selling a chuck of his fashion brand Topshop to US investors.

 

 

BA aims to cut 400 cabin crew jobs

 

04 December 2012 09:36 AM

British Airways is looking to shed 400 senior cabin crew jobs. But the airline stressed that there would be no compulsory redundancies.

 

 

 

Tchenguiz brothers to sue SFO for £200m over arrests

 

04 December 2012 12:00 AM

The Tchenguiz brothers are to sue the Serious Fraud Office (SFO) for more than £200m after it scrapped a high-profile investigation into the property tycoons' role in the banking crisis.

 

 

 

Slow start to loan scheme as banks snub cheap funds

 

04 December 2012 12:00 AM

The Government's flagship Funding for Lending Scheme, designed to boost the sickly economy, has got off to an underwhelming start.

 

 

 

HMV sells off stake in MAMA for a knockdown £7.3m

 

04 December 2012 12:00 AM

HMV yesterday sold a major chunk of MAMA Group, the live-music business behind The Forum in Kentish Town, north London and a string of other venues and festivals including Lovebox and GlobalGathering, for just £7.3m.

 

 

 

Obama and Republicans still poles apart on fiscal-cliff deal

 

04 December 2012 07:32 PM

Democrats and Republicans remained as far apart as ever last night as they attempted to forge a deal that would avert a potentially devastating series of tax hikes and spending cuts.

 

 

 

EDF extends life of two nuclear power stations

 

04 December 2012 09:40 AM

Two of the UK's oldest nuclear power stations are to remain in use until at least 2023, EDF Energy announced today.

 

 

 

Lamprell names new chief and calms City

 

04 December 2012 12:00 AM

Lamprell continued its rehabilitation yesterday as the beleaguered oil and gas services group appointed industry veteran James Moffat as the chief executive.

 

 

 

Icap's Spencer is calling on Cameron to support firms

 

04 December 2012 12:00 AM

Michael Spencer, one of the City's biggest tycoons and a leading Conservative Party donor, has called on the Government to throw its weight more firmly behind business on the eve of the Autumn Statement.

 

 

 

pg-6-tax-reuters.jpg

Starbucks says it will start paying more UK tax - but baristas face cutbacks

 

04 December 2012 12:00 AM

Starbucks has bowed to the public outcry over its tax affairs and agreed to amend its operation, increasing its rate of corporation tax contributions, but 7,000 of the coffee giant's staff in the UK are now faced with cutbacks to their paid lunch breaks and sick leave.

 

 

 

Late rush hope for shops

 

04 December 2012 12:00 AM

The high street is banking on a "late Christmas rush" after anaemic spending by consumers last month.

 

 

 

Taxing time for Christmas markets

 

04 December 2012 12:00 AM

Foreign traders at UK Christmas markets could be hit by hefty VAT bills this year, it has been warned.

 

 

 

CWC in $1bn sell-off

 

04 December 2012 12:00 AM

Cable & Wireless Communications has agreed to sell assets in Monaco and a host of islands to Bahrain's state-controlled operator, Batelco, for up to $1bn (£623m).


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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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.

Share this post


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Share on other sites

Topshop billionaire Green in talks to sell stake - source

 

7:54pm GMT

 

Shareholders haggle over final details of EADS shake up

 

Aerospace & Defence 7:34pm GMT

 

Baxter to buy Sweden's Gambro for $4 billion

 

7:11pm GMT

 

Banks should not play games over capital - FSA's Turner

 

6:51pm GMT

 

European luxury goods makers braced for tough new year

 

6:25pm GMT

 

Warren Buffett seeks $1 billion from Swiss Re

 

6:22pm GMT

 

HBOS chairman said bank secure months before rescue

 

UK 6:18pm GMT

 

Regulators pledge to avoid cross-border clashes over derivatives

 

6:16pm GMT

 

Franco-German rift threatens EU banking union

 

6:10pm GMT

 

Irish income, corporation taxes weaken in November

 

6:00pm GMT

 

Boeing forecasts first $100 billion aircraft finance market

 

Aerospace & Defence 5:40pm GMT

 

Comments from EU finance ministers, officials

 

5:39pm GMT

 

South Africa's "spectre of nationalisation" laid to rest - Anglo CEO

 

Africa 5:20pm GMT

 

Domestic growth caps shares ahead of budget statement

 

FXpert, Spain 5:06pm GMT

 

Baxter to buy Sweden's Gambro for $4 billion

 

4:53pm GMT

 

Exclusive: UBS to bid for GE's Swiss lending unit - sources

 

4:49pm GMT

 

William Hill joins Greek exodus over betting permits row

 

4:34pm GMT

 

IAG's British Airways plans to cut 400 cabin crew jobs

 

UK, 4:29pm GMT

 

German prosecutor: UBS clients evaded 204 million euros tax

 

4:28pm GMT

 

Greek coalition partners lock horns over tax reform bill

 

4:07pm GMT

 

South Africa's "spectre of nationalisation" laid to rest - Anglo CEO

 

Africa 3:55pm GMT

 

Norilsk billionaires end feud with Abramovich as enforcer

 

3:49pm GMT

 

Shell bows out of troubled French refinery

 

3:47pm GMT

 

London Mayor demands pared back EU links for Britain | btn_rel_video.gif

 

UK, David Cameron 6:26pm GMT

 

Austrian "bad bank" eyes gain on Greek debt

 

2:59pm GMT

 

Xstrata finance chief opts out of Glenstrata future

 

2:47pm GMT

 

Baxter to buy Sweden's Gambol for about $4 billion

 

2:31pm GMT

 

Japan's Universal sues Reuters over Philippine payments reports

 

Japan 2:30pm GMT

 

Bank of England wants more curbs on bankers' pay

 

1:15pm GMT

 

EU finance ministers fail to reach bank supervision deal

 

1:04pm GMT

 

Shareholders haggle over final details of EADS shake up

 

Aerospace & Defence 1:00pm GMT

 

UK to announce 5 billion pounds capital investment for growth

 

UK, David Cameron 12:49pm GMT

 

Tesco lost grocery market share in past quarter - Kantar

 

12:47pm GMT

 

UK data paints gloomy picture before budget statement

 

12:39pm GMT

 

China to fine-tune policies in 2013 - state TV

 

12:14pm GMT

 

Abramovich buys Norilsk stake to settle shareholder spat

 

11:56am GMT

 

Former HBOS chairman admits mistakes in corporate unit

 

11:44am GMT

 

China says to keep policy fine-tuning in 2013 - state TV

 

11:29am GMT

 

Portugal banks' capital covers construction slump - Cenbank

 

Spain 11:27am GMT

 

German carmakers brace for sales decline in 2013

 

11:23am GMT

 

Xstrata's Reid decides against Glenstrata role

 

11:22am GMT

 

London's Mayor says would campaign to stay in EU

 

UK 11:15am GMT

 

EU bank deal unlikely on Tues, talks to continue - sources

 

11:13am GMT

 

Friedland eyes London listing for Ivanplats in 2013

 

Africa 11:03am GMT

 

Abramovich to vote 22 percent stake in Norilsk

 

10:51am GMT

 

France's Moscovici: ECB must supervise all banks, avoid dual system

 

10:32am GMT

 

Dexia closer to becoming empty shell as sale talks start

 

10:27am GMT

 

Germany's Schaeuble: ECB can't have last word in bank supervision

 

10:16am GMT

 

Euro zone factory prices nearly flatline in October

 

10:01am GMT

 

UK construction activity crumbles as optimism evaporates - PMI

 

9:52am GMT

 

ECB's Nowotny sees southern Europe shrinking in 2013

 

9:46am GMT

 

EX-HBOS chairman admits mistakes in corporate unit

 

9:39am GMT

 

Sweden's Borg says compromise possible on bank supervision

 

9:24am GMT

 

Austria's Fekter - Next Eurogroup president should be a government head

 

9:24am GMT

 

Greek-style deal for Portugal not on the table - PM

 

9:03am GMT

 

U.S. SEC charges China affiliates of top accounting firms

 

8:51am GMT

 

Dexia in final talks over asset management unit sale

 

8:49am GMT

 

Analysis: U.S. transport companies cashing in on Mexico trade boom

 

8:41am GMT

 

North American growth props up Wolseley

 

8:19am GMT

 

Corio may lower dividend due to asset sales

 

8:06am GMT

 

Greene King profit boosted by casual diners

 

7:55am GMT

 

F&C Asset Management appoints Richard Wilson as CEO

 

7:49am GMT

 

TUI Travel bullish on year ahead as profit grows

 

7:45am GMT

 

Fiscal cliff pressures stocks; euro near 7-week high

 

FXpert, 8:02pm GMT

 

China, South Korea agree to boost yuan, won use in trade

 

FXpert 4:58am GMT

 

Abramovich buys Norilsk stake to settle shareholder spat

 

2:52am GMT

 

Yahoo sees several flaws in $2.7 billion Mexico ruling - source

 

2:46am GMT

 

Global slowdown, austerity to constrain UK economy - BCC

 

UK, 12:50am GMT

 

UK to overhaul infrastructure contracts, seek savings

 

UK, 12:28am GMT

 

Retail sales pick up modestly in November - BRC


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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4 December 2012 Last updated at 18:45

 

 

Osborne to announce PFI reforms _64549586_bq7id85c.jpg

 

The government is expected to change the way it raises money for public projects such as schools and hospitals to ensure a better deal for taxpayers.

 

 

UK economy 'not as bad in 2012'

 

The British Chambers of Commerce increases its forecast for UK growth for 2012 but still expects the economy to shrink.

 

 

 

_64544370_ba.jpgBA cutting 400 cabin crew jobs

 

British Airways confirms that it is cutting 400 senior cabin crew positions on both its long and short-haul routes.

 

 

Autumn Statement 2012

 

 

 

 

 

 

 


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.

Share this post


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Philip Green to sell 25pc stake in Topshop to US buy-out firm

 

green_2418319g.jpg

Sir Philip Green is close to selling a 25pc stake in Topshop and Topman to an American private equity firm in a move that will generate a multi-million pound windfall for the retail tycoon.

1 Comment

Osborne's £5bn of cuts to fund schools

 

ozzy_2386335g.jpg

Chancellor will save £5bn by cutting thousands of Whitehall jobs under new plans to raise cash for schools, transport and science, Downing Street said.

103 Comments

Britain threatens to veto EU bank supervisor

 

 

Debt crisis: as it happened - December 4

 

 

 

'I think about HBOS failure nearly every day'

 

stevenson_2418209g.jpg

Lord Stevenson, the former chairman of HBOS, has apologised for the collapse of the lender in 2008, saying he felt “awful” about its failure.

19 Comments

 

Politicians 'afraid' of airport expansion

 

heathrow_2418292g.jpg

Willie Walsh, the head of British Airways' parent company, believes there will be no increase in airport capacity in the South East for another 40 years as politicians are “afraid” to make tough decisions.

4 Comments

BA to cut 400 cabin crew jobs

 

 

 

Analysts downgrade 'less competitive' Tesco

 

tesco_2315448g.jpg

Customers believe Tesco is becoming “less competitive” on both price and quality compared with its rivals, despite coming to the end of the first year of the supermarket chain’s recovery plan, according to City analysts.

58 Comments

Supermarkets face fines for unfair practice

 

 

 

Household spending rises as fuel prices soar

 

Squeezed families' weekly spending rose to a new high last year, with households shelling out over three times more on petrol-related costs than on fresh fruit and vegetables.

14 Comments

 

Hector Sants in talks to join Deloitte

 

 

 

 

EDF extends life of old nuclear power plants

 

 

 

 

Brits seeking sunshine abroad boost TUI Travel

 

George Osborne needs to get a grip on tax row

 

The world's commodity supercycle is far from dead

 

Why George Osborne's Budget won't be a game changer

 

Autumn Statement: The Business Jury

 

RobTincknell_2418247g.jpg

Business leaders representing six key sectors share their wish-lists ahead of the Autumn Statement.

Comment

Autumn statement: Why George Osborne's Budget won't be a game changer

 

 

 

 

Debt crisis: as it happened - December 4

 

 

 

 

What the experts expect


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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Republicans Balk at Short-Term Stimulus in Obama Plan

 

By ANNIE LOWREY

 

 

The president claims the economy needs a shot in the arm now, but Republicans say the nation should not widen the deficit.

 

 

 

 

05slowdwon-sfSpan.jpg

Spencer Platt/Getty Images

 

A cyclist in New York this week rode by a business that has been closed since Hurricane Sandy hit. The storm has contributed to the weakening of the economy.

 

 

 

 

 

 

05ships-pic-thumbStandard.jpg

The Next Crisis for German Banks — Shipping

 

By JACK EWING 40 minutes ago

 

It turns out that some German banks have a problem of titanic proportions — their vulnerability to the global shipping trade, which is in the fifth year of a recession.

 

05eurozone-thumbStandard.jpg

E.U. Finance Ministers Deadlock on Plan to Oversee Banks

 

By JAMES KANTER 40 minutes ago

 

Diasagreements on details of the plan emerged during discussions in Brussels, where officials agreed to reconvene next week.

 

 

Netflix Wins Disney Movie Rights

 

By THE ASSOCIATED PRESS 58 minutes ago

 

The multiyear licensing agreement represented a breakthrough for Netflix over premium TV networks like HBO.

 

DealBook

 

After Defeat, Icahn Drops Oshkosh Tender Offer

 

By MICHAEL J. DE LA MERCED

 

The activist investor Carl C. Icahn said he was dropping a tender offer for shares in the Oshkosh Corporation, after failing to collect at least 25 percent of the truck maker's stock.

 

DealBook

 

Baxter to Buy Gambro for $2.8 Billion

 

By MARK SCOTT 12:30 PM ET

 

The deal will give Baxter, a medical devices manufacturer, access to a lineup of medical equipment to expand its own range of dialysis products.

 

Ruling Is Victory for Drug Companies in Promoting Medicine for Other Uses

 

By KATIE THOMAS

 

The federal appellate decision overturned the conviction of a sales representative who said a ban on promotion of unapproved uses violated his freedom of speech.

 

 

High-Speed Trades Hurt Investors, a Study Says

 

By NATHANIEL POPPER and CHRISTOPHER LEONARD

 

A top government economist has concluded that high-speed trading firms are taking significant profits from traditional investors.

 

subGirls1-thumbStandard.jpg

More Dads Buy the Toys, So Barbie, and Stores, Get Makeovers

 

By STEPHANIE CLIFFORD

 

Fathers are doing more of the family shopping just as girls are being steered toward toys that develop math skills.


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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Darden Says "We're Screwed"

It's bubbling to the surface.....

(Reuters) - Darden
Restaurants
Inc (
DRI.N
) warned on Tuesday that
earnings
for the latest quarter would miss expectations after unsuccessful promotions led to a decline in sales at its Olive Garden, Red Lobster and LongHorn Steakhouse chains.

Promotions my ass.

The simple reality is that the devaluation of purchasing power is biting the consumer and the more QE The Fed does to cover deficit spending, and thus the more deficit spending The Government does, the worse this problem is going to get.

 

People can't afford to go out.


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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The Smell of Corruption

 

Gee, who could have seen this coming?

U.S. regulators probing potential fraud by China-based companies increased pressure on their auditors by formally accusing affiliates of Big Four firms of withholding documents from investigators.

Deloitte Touche Tohmatsu
CPA Ltd., Ernst & Young Hua Ming LLP, KPMG Huazhen and PricewaterhouseCoopers Zhong Tian CPAs Ltd. have refused to cooperate with accounting investigations into nine companies whose securities are publicly traded in the U.S., the Securities and Exchange Commission said in an
administrative order
yesterday. BDO
China
Dahua Co. was also named by the SEC in the action.

Refused to cooperate eh?

 

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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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.

Share this post


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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.

Share this post


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Share on other sites

ThyssenKrupp says 3 board members stepping down

 

7:57pm GMT

 

Coventry say in battle for survival after rent demand

 

7:09pm GMT

 

Darker growth outlook pushes austerity plan off track | btn_rel_video.gif

 

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UK 7:03pm GMT

 

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UK, 7:00pm GMT

 

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UK, 7:00pm GMT

 

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UK, 7:00pm GMT

 

PFI revamp more rebrand than "revolution"

 

UK 7:00pm GMT

 

Fitch says missed debt target weakens UK credibility

 

UK 7:00pm GMT

 

Shareholders reach deal to shake up EADS - sources

 

Aerospace & Defence 6:45pm GMT

 

Daimler to place EADS shares from 26.25 euros each - sources

 

6:45pm GMT

 

Shell to move gas centre as Asia LNG comes to the fore

 

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Daimler plans no special dividend from EADS sale

 

6:21pm GMT

 

EADS to hold AGM on governance changes mid-January - source

 

6:20pm GMT

 

German govt welcomes EADS agreement - statement

 

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France wants regular briefings from EADS chief - adviser

 

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Citigroup cutting 11,000 jobs, taking $1 billion in charges

 

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Starbucks back on expansion path in Americas, China

 

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EU imposes record 1.47 billion euro cartel fine on Philips, five others

 

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Miners, Tesco help push FTSE up 0.4 pct

 

FXpert 5:35pm GMT

 

Daimler to reduce EADS stake, sell some shares to KfW

 

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Boeing 787 fuel leak prompts mandatory safety checks

 

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Citigroup says plans sale of Turkish retail banking business

 

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U.S. aerospace industry projects 10th straight growth year

 

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EADS shareholders reach deal on new capital structure

 

5:17pm GMT

 

World's private economy at strongest since March in Nov - PMIs

 

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EU regulators want power to examine state aid for post, health sectors

 

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EU says Russia trade tensions rising, may go to WTO

 

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IAG November traffic up on British Airways growth

 

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Britain eyes some $5.6 billion from 4G spectrum auction

 

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Indian government wins vote on supermarket reform

 

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UK service sector stalls, recovery in jeopardy - PMI

 

UK 2:27pm GMT

 

UK fiscal watchdog sees 1.1 million jobs lost to austerity

 

UK, 2:27pm GMT

 

Thai group buys $9.4 billion Ping An stake from HSBC

 

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HSBC names new private banking chief

 

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Tesco set to call time on costly U.S. adventure

 

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Nokia's Lumia deal with China Mobile raises hopes

 

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Government abandons three pence rise in fuel duty

 

UK, 1:41pm GMT

 

Germany says Eurogroup chief does not have to be finance minister

 

1:37pm GMT

 

Germany says Eurogroup chief does not have to be finance minister

 

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Government to cut corporation tax, raise bank levy

 

UK, 1:28pm GMT

 

Highlights - Osborne delivers half-yearly budget update

 

UK, 1:23pm GMT

 

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Ireland to test economy, public patience with budget

 

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Osborne says debt to fall a year later than expected

 

UK 1:06pm GMT

 

Acquisitions in focus at Starbucks' investor meeting

 

11:48am GMT

 

Diageo says would be interested in buying out Ketel One

 

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EADS shareholders reach outlines of deal - sources

 

Aerospace & Defence 11:25am GMT

 

Philips plans to appeal EU fine for competition violation

 

11:24am GMT

 

Irish jobless rate falls to 17-month low

 

11:23am GMT

 

ArcelorMittal unblocks job-saving investment at Liege

 

11:05am GMT

 

UK software Sage says France will hinder growth

 

Spain 11:02am GMT

 

Fastjet says in partnership talks with Emirates Airline

 

Africa 10:52am GMT

 

Small UK firms want govt to boost retail investment - survey

 

UK 10:22am GMT

 

China Southern seals $1.9 billion deal to buy 10 Airbus planes

 

Aerospace & Defence 10:08am GMT

 

Euro zone downturn eases slightly in November -surveys

 

10:04am GMT

 

Euro zone downturn eases slightly in November - PMIs

 

8:59am GMT

 

Thai group buys $9.4 billion Ping An stake from HSBC | btn_rel_video.gif

 

8:21am GMT

 

Stagecoach profit jumps on rail, bus growth

 

7:41am GMT

 

Sage's profit edges up on subscription growth

 

7:40am GMT

 

Wall Street rallies on fiscal hopes; Spain hits euro

 

FXpert, 7:30pm GMT

 

Freeport eyeing McMoRan Exploration and another energy firm - FT

 

5:27am GMT

 

China economy may grow 8.2 percent in 2013 - top think-tank

 

5:07am GMT

 

Greece takes bottom EU spot in global corruption index

 

World, 5:02am GMT

 

Egypt slips in corruption index despite Arab Spring

 

World, Egypt, Middle East Turmoil - UK Edition 5:01am GMT

 

Factbox - Transparency International's global corruption index

 

World 5:01am GMT

 

MF Global customer claims near resolution -trustee

 

3:26am GMT

 

Ex-Goldman director to stay free on bail -court

 

2:57am GMT

 

Samsung promotes son and heir closer to top job

 

2:28am GMT

 

Venezuela to make telecoms components with Samsung

 

2:28am GMT

 

Germany's Intersnack close to United Biscuits snack deal - report

 

1:44am GMT

 

British industry hurt by costs, "dying" supply chain - Ratan Tata

 

UK, 1:26am GMT

 

Boeing 787 in emergency landing as inspections ordered

 

Aerospace & Defence 12:56am GMT

 

Exclusive: How Wal-Mart got a foot in the door of India's retail market


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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