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The great interest rate rip off part 10


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Fiat Chrysler CEO - Not in talks with other automakers on partnering

 

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GM gets 141 more claims for faulty ignition switch compensation

 

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Russian prosecutors must help monitor food, fuel prices - RIA

 

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Ireland appoints Goldman Sachs to advise on AIB sale

 

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New salaries in London's financial services up 18 percent

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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RBS bets ECB blitz to reach €4.5 trillion and reignite asset boom

 

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RBS claims Europe is in Deflation Motel: 'you can check in, but you can’t check out'

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Management of Britain's most toxic nuclear waste site expected to be taken back into state hands as heavily-criticised consortium of Amec, Areva and URS is stripped of its contract

7 Comments

Oil hits six-year low as Goldman Sachs slashes price forecast

 

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53 Comments

 

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Regulator indicates 3pm likely remain off-limits to broadcasters

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Analysts say UK's big four banks face £15bn in extra provisions for misconduct over the coming years

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Osborne pockets 70pc of your petrol bill as oil price continues to fall

 

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George Osborne is again under pressure to cut petrol duty as rate of tax on fuel hits 70pc for first time in almost six years

106 Comments

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Rejoice; inflation is sub 1pc. This is what Mark said to George

 

Deflation is coming to the UK - and it will have a huge impact on business

 

Greece leaving the euro would be no disaster

 

Oligarchs left pedalling into sunset as Putin's Russia cracks

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

Oil Prices Explained by Economics

 

By CLIFFORD KRAUSS 26 minutes ago

 

At its simplest, the recent drop in oil prices boils down to supply and demand.

DealBook

 

dbpix-oilbanks1-thumbStandard.jpg

As Oil Prices Fall, Banks Serving the Energy Industry Brace for a Jolt

 

By MICHAEL CORKERY and PETER EAVIS 2:46 PM ET

 

Falling profits on crude oil are likely to leave some companies unable to repay loans, and the banks that have extended credit to them may feel the pinch.

 

 

DealBook

 

Roche to Buy Majority Stake in Foundation Medicine, Leader in Tumor Testing

 

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The Swiss pharmaceutical giant Roche will pay more than $1 billion in a deal aimed at improving both cancer treatment and drug development.

 

 

Itineraries

 

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In November, OTG, which designs, builds and operates airport dining outlets, began installing iPads at Newark Liberty International Airport.

 

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For Jimmy Lai, Hong Kong’s Rebellious Tycoon, Next Battle May Be in Court

 

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In the aftermath of democracy demonstrations in Hong Kong, Mr. Lai faces perhaps his greatest test, which could have bigger repercussions for the city.

 

 

Volvo to Export Sedan Made in China to the U.S.

 

By KEITH BRADSHER 12:14 PM ET

 

The company, which a Chinese tycoon bought from Ford in 2010, said it would ship 1,500 to 2,000 S60 Inscriptions to America this year.

 

 

 

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

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

Air France-KLM preparing to cut 5,000 jobs - report

 

Aerospace & Defence 7:58pm GMT

 

Greek finmin says bailout likely to be extended beyond end Feb

 

7:56pm GMT

 

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Stocks cut gains in volatile session as oil falls

 

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Oil traders to store millions of barrels as global prices slump

 

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Tullett Prebon says gets $100 million payment from BGC in U.S. settlement

 

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U.S. small business confidence at eight year high; job openings rise

 

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5:05pm GMT

 

Retail sector fuels gains for FTSE

 

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4:28pm GMT

 

Ryanair to trial wifi, inflight entertainment this year

 

4:23pm GMT

 

Aston Martin hires former Porsche exec to head China operations

 

4:13pm GMT

 

UK bank standards body confident of international support

 

3:50pm GMT

 

Greene King shareholders approve 774 million pounds takeover of Spirit

 

3:49pm GMT

 

Contributions to EFSI will be deficit-neutral under EU rules-Commission

 

3:38pm GMT

 

Dubai World creditor vote set, deal seen closed by early May

 

3:35pm GMT

 

Tullow to begin oil sector job purge as weak prices bite

 

2:33pm GMT

 

Morrisons ditches CEO after Christmas sales fall

 

1:51pm GMT

 

Germany balances budget for first time since 1969

 

1:45pm GMT

 

German engineering orders fall 10 percent year-on-year in November

 

1:45pm GMT

 

German wholesalers forecast stagnation in 2015 due to falling prices

 

1:45pm GMT

 

Sainsbury's to cut 500 jobs at store support centres

 

UK 1:15pm GMT

 

Bank of England's Carney sees gradual rate rises - BBC

 

UK, 12:33pm GMT

 

BoE's Carney: could keep rates lower for longer to tackle low prices

 

UK, 12:21pm GMT

 

Tesco union in Czech Republic gives strike warning over closures

 

12:12pm GMT

 

AIB to outsource 170 IT jobs after review, no redundancies

 

12:08pm GMT

 

Exclusive - Facebook, Xiaomi discussed possible investment in the Chinese smartphone maker - sources | btn_rel_video.gif

 

Tech 12:06pm GMT

 

Russell Stover buy boosts Swiss chocolate maker Lindt

 

12:02pm GMT

 

Bank of England's Carney rules out more QE - BBC

 

UK, 11:52am GMT

 

Bank of England says to explain inflation fall on Feb. 11

 

UK 11:51am GMT

 

China December trade more robust than expected, but concerns linger

 

Japan 11:39am GMT

 

Airbus says priority for A380 is new customers

 

11:38am GMT

 

Airbus says 2014 gross orders rise 11 percent to 1,796 aircraft

 

Aerospace & Defence 11:18am GMT

 

Airbus targets slightly more deliveries this year

 

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Airbus says ALC to be launch customer for A321LR

 

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Ryanair says expects new IAG bid for Aer Lingus this week

 

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Sainsbury's best of UK 'big four' at Christmas - Kantar

 

10:50am GMT

 

Ashmore assets fall to three year low as emerging markets suffer

 

10:48am GMT

 

Factbox - How UK retailers fared over Christmas

 

10:40am GMT

 

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Iran's Rouhani says countries behind oil price drop will suffer

 

World, FXpert, Middle East 10:26am GMT

 

Orange looks again to French telco consolidation after EE sale

 

Tech 10:17am GMT

 

Airbus says 2014 gross orders rise 11 percent to 1,796 aircraft

 

Aerospace & Defence 10:11am GMT

 

Recruitment firm Michael Page sees business improving

 

9:46am GMT

 

StanChart to close Swiss private bank after sale founders

 

9:39am GMT

 

UK Mail gains from rival's demise; dumps pallets unit

 

9:37am GMT

 

Christmas comes too late to save Debenhams from sales fall

 

9:17am GMT

 

Finance official Cottrell to run UK bank standards body

 

9:14am GMT

 

Online retailer ASOS lifted by 2014 sprint finish

 

Tech 9:11am GMT

 

Philips warns of lower profit due to market slowdown

 

9:01am GMT

 

Greggs shares hit high after strong Christmas trading

 

8:55am GMT

 

Middle East's Integrated Diagnostics plans UK listing

 

Middle East 8:54am GMT

 

Rathbone's assets surge on $6 billion inflows in 2014

 

8:40am GMT

 

Metro reports strong Christmas as turnaround gains pace

 

8:35am GMT

 

ECB discussions on bond buying far advanced, says Coeure

 

8:21am GMT

 

E.ON cuts British household gas prices as market costs tumble

 

8:02am GMT

 

China faces biggest fiscal challenge since '81 - Deutsche Bank report

 

7:56am GMT

 

SIG expects 2015 progress to be weighted towards second half

 

7:40am GMT

 

Cairn Energy to shift 2015 focus to Senegal

 

Africa 7:32am GMT

 

Set-top box maker Pace sees six percent rise in full-year revenue

 

Tech 7:20am GMT

 

UAE oil minister - we need shale oil producers to stay

 

FXpert 7:05am GMT

 

Amazon creates 6,000 new permanent jobs in Europe

 

Tech 7:02am GMT

 

Malaysia to scrap $20 billion bank merger - sources

 

6:49am GMT

 

Analysis - Investors may wait longer for higher dividends from U.S. banks

 

6:03am GMT

 

Citigroup quietly scales back in consumer banking

 

6:03am GMT

 

Japan will use sales tax hike revenue to expand welfare spending

 

Japan 5:47am GMT

 

Hyundai executives fail to sell $1.25 billion in shares, complicating succession

 

5:30am GMT

 

Japan's govt says doesn't expect BOJ to meet price target due to falling oil

 

Japan 5:15am GMT

 

Japan service sector sentiment improves in December

 

Japan 5:14am GMT

 

GM open to working with Google on self-driving car technology

 

Tech 4:35am GMT

 

China December crude imports top seven million bpd to hit record

 

4:00am GMT

 

UK retail sales soften in December after Black Friday bonanza

 

3:39am GMT

 

Barclays expects gold prices to struggle as Fed plans rate hike

 

3:36am GMT

 

Makuch says ECB ready for quantitative easing if needed, could handle Greek exit

 

3:03am GMT

 

Act sooner, not later on monetary policy - ECB's Nowotny

 

3:03am GMT

 

Malaysia's EW Investment forms $3.3 billion UK property venture with Ballymore Group

 

2:43am GMT

 

Oil dives anew, falling 5 percent on Goldman downgrade, outages

 

FXpert 1:58am GMT

 

Daimler still bullish about China amid BMW woes

 

12:39am GMT

 

Analysis - Automakers cater to America’s renewed love affair with trucks

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

More Economy 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

Three Signs That Point to Bigger Raises in 2015

 

By NEIL IRWIN 1:51 PM ET

 

Reading the tea leaves in the ratio of job openings to hiring; a survey of small businesses; and an announcement by a large health insurer.

 

14UP-Wages-sfSpan.jpg

Nathan Weber for The New York Times

 

Banners at a fast food convention in suburban Chicago last January, where workers met to discuss efforts to organize a union and seek higher wages.

 

 

 

oil-web1-thumbStandard.jpg

Oil Prices Fall to Lowest Since 2009

 

By CLIFFORD KRAUSS

 

International banks predict that prices will drop even lower because of an oversupplied global crude oil market.

 

 

 

 

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Falling Oil Prices, a Boon to Airlines, Pose a Challenge for Airbus and Boeing

 

By NICOLA CLARK

 

The plane makers, which control the market for jets with more than 100 seats, have been riding a wave of demand for fuel-efficient models.

 

 

 

 

 

 

DealBook

 

dbpix-metlife2-thumbStandard.jpg

MetLife to Fight ‘Too Big to Fail’ Status in Court

 

By MARY WILLIAMS WALSH 30 minutes ago

 

The insurer will become the first financial company to go to court since the government started singling out so-called too-big-to-fail institutions for special oversight.

 

DealBook

 

13RATINGS-thumbStandard.jpg

S.&P. Nears Settlement With Justice Dept. Over Inflated Ratings

 

By BEN PROTESS

 

On television and in the courtroom, the credit rating agency Standard & Poor’s has waged war against a Justice Department lawsuit. But behind the scenes, it wants nothing more than to buy peace.

 

Obama to Announce New Cyberattack Protections

 

By JULIE HIRSCHFELD DAVIS

 

Among the proposals to protect businesses and the government is a call for increased prosecution of crimes conducted through computer networks.

 

 

14allen-web1-thumbStandard.jpg

Woody Allen Will Write and Direct TV Series for Amazon

 

By EMILY STEEL 1:12 PM ET

 

The film director will make his first television series, a full season of half-hour episodes, to be available only on Amazon’s Prime streaming service.

 

 

 

20150113volt-ss-slide-0I7C-thumbStandard.jpg

G.M. Reboots Chevrolet Volt as Automakers Push Electric Cars

 

By BILL VLASIC

 

Despite slow demand for hybrid and all-electric cars, tightening rules on fuel efficiency have led to the introduction of many new models at the Detroit auto show.

 

 

 

14alibaba-web1-thumbStandard.jpg

Alibaba Teams Up With U.S. Safety Agency

 

By PAUL MOZUR 1:30 PM ET

 

The Chinese e-commerce group has agreed to prevent the export of dangerous items recalled by the Consumer Product Safety Commission.

 

 

 

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

13 January 2015 Last updated at 20:03

 

 

UK inflation rate falls to 0.5%_80225669_79906331.jpg

 

The inflation rate dropped sharply to 0.5% in December, its joint lowest on record, as petrol prices fell.

 

 

_80246437_ttipindexafp.jpgEU-US trade talks hit by complaints

 

EU-US negotiations on a major free trade deal have met with "huge scepticism" in Europe, the European Commission says.

 

 

 

_80246460_game.jpgGame Digital sees festive sales fall

 

Game Digital, the video games retailer, has blamed a "highly competitive Christmas trading period" for a drop in sales over the festive period.

 

 

 

Other Top Stories

 

 

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

Could 'good' low inflation become 'bad' deflation?

 

13 January 2015

Why we should love moderate inflation and be a little anxious as price rises drift down towards zero.

 

 

Will policymakers 'look through' lower oil prices?

 

13 January 2015

If oil prices continue to be volatile, it makes it harder to see the underlying fundamental drivers that should determine policy.

 

 

Oil price hits six-year low as Goldman forecasts $42 barrel

 

The UK oil industry is increasing pressure on the Chancellor to cut taxes on the North Sea oil industry in the March Budget

 

NMP set to lose £9bn deal to clean up Sellafield

 

 

 

 

Toby Carvery apologises to glamour model after waitress shouts 'at least I don't get my t**s out on TV'

 

 

 

 

Debenhams shares tumble despite record Christmas sales

 

 

 

 

Greggs beats profit forecasts following 'very strong' Christmas sales

 

 

 

 

Sainsbury's to cut 500 jobs

 

 

 

 

It's not just Creme Eggs: The products that are shrinking before your very eyes

 

 

 

 

UK consumer price inflation drops to 0.5% in December as global oil prices fall

 

 

 

 

E.On to reduce standard gas price by 3.5%

 

 

 

 

Morrisons boss Dalton Philips to step down following weak Christmas trading

 

 

James Moore: If Marks and Spencer gives Marc Bolland the boot, who else could take over?

 

Outlook: Marks and Spencer has demonstrated a rare talent for making people a lot of money. Just not its shareholders

 

James Moore: Shire’s retail therapy eases heartache over AbbVie

 

 

 

 

Hamish McRae: Low inflation is welcome news for consumers – and not so bad if you’re a saver

 

 

 

 

Small Talk: Crowdfunding must now be taken seriously by rivals

 

 

 

 

James Moore: Chancellor wouldn't do his duty on fuel prices

 

 

 

 

US politics is about to get interesting – and not in a good way

 

 

 

 

It's time for Diversity 2.0 - more women from different backgrounds

 

 

 

 

A webcam that records every move? Bring it on

 

 

 

 

Jim Armitage: ‘Drastic’ Dave is just what Tesco needs

 

 

 

 

Mark Leftly: It's in the blind spot of MPs but motoring reforms have hit a dead end

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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BoE Governor warns deflation is now 'possible'

 

veggies_2136368d.jpg

Inflation has slipped to a 14-year low of 0.5pc, lower than economists and the markets had expected

628 Comments

Oil fall continues as Arab states aim to crush US shale

 

United_3163762g.jpg

Opec's biggest producers in the Persian Gulf are maintaining a strategy that has sent crude below $46 per barrel

40 Comments

Fitch slams Bank of England for letting banks hide emergency support

 

BOE_2756233g.jpg

Waiving rules requiring banks to disclose the funding that kept RBS and HBOS afloat during the financial crisis could force investors to withdraw funds, says ratings agency

14 Comments

Game Digital issues major profits warning on Christmas competition

 

Game_group_2182995g.jpg

Videogames retailer made market debut only eight months ago

Comment

 

Morrisons boss Dalton Philips to leave after Christmas sales drop

 

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Chief executive to leave Britain's fourth largest supermarket in March after lagging the industry over Christmas for the second year running

108 Comments

 

Ryanair keen to sell Aer Lingus stake

 

lingus_1991103g.jpg

Ryanair, Aer Lingus' biggest shareholder, says that IAG may have to raise takeover offer for Irish carrier to between €2.50 and €2.70 a share

1 Comment

Sainsbury's to cut 500 back office jobs in cost-cutting drive

 

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Supermarket says redundancies will help it save the £500m over the next three years

Comment

Harriet Green gets no bonus for final year at Thomas Cook

 

harrietgreen_3039750g.jpg

Travel firm says it failed to hit the targets needed to trigger executive bonuses

Comment

RBS bets ECB blitz to reach €4.5 trillion and reignite asset boom

 

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RBS claims Europe is in Deflation Motel: 'you can check in, but you can’t check out'

239 Comments

Tullow Oil to cut jobs as North Sea braces for investment slump

 

aberdeen_1850940g.jpg

North Sea investment is expected to half in 2015 as oil and gas companies review headcounts

15 Comments

Germany balances budget for first time in more than 40 years

 

Even Britain may be falling prey to Europe's deflationary vortex

 

Half the world covets the UK’s precious inflation

 

A collapse in the cost of loans and mortgages will give the Tories a boost

 

Deflation is coming to the UK - and it will have a huge impact on business

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

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.

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Share on other sites

Supermarket price wars claim 2,000 jobs as Big Four cut costs

 

Morrison fires chief executive Dalton Philips after he fails to counter new players such as Aldi

 

App Store subscriptions getting cancelled by Apple's VAT price rise

 

 

 

 

SuperGroup's festive sales boosted by cold winter weather

 

 

 

 

ECB boss Mario Draghi receives backing for bond-buying

 

 

 

 

Burberry Christmas sales boosted by Romeo Beckham campaign

 

 

 

 

Orange Wednesdays end date: 2-4-1 cinema tickets offer will be no more from late February

 

 

 

 

Facebook at Work launches, offering social network for colleagues

 

 

 

 

This is why Ben and Jerry's released its new ice cream line in winter

 

 

 

 

Fifty Shades of Grey proves a hit with advertisers

 

 

 

 

McDonald's leads campaign to highlight the economic value of soft-skills

 

 

 

James Moore: Sorry Amazon, but job creation doesn’t compensate for tax avoidance

 

One of the methods to which companies like Amazon have resorted in an attempt to defend the indefensible has been to point to the jobs they have been creating

 

Chris Blackhurst: Juicy share carrots for top brass? Troubled Quindell must fall into line

 

 

 

 

James Moore: Has Standard Chartered dug itself into a hole?

 

 

 

 

James Moore: Being good is better than just appearing to be good

 

 

 

 

Hamish McRae: Low inflation is welcome news for consumers – and not so bad if you’re a saver

 

 

 

 

Small Talk: Crowdfunding must now be taken seriously by rivals

 

 

 

 

James Moore: Chancellor wouldn't do his duty on fuel prices

 

 

 

 

James Moore: Shire’s retail therapy eases heartache over AbbVie

 

 

 

 

James Moore: If Marks and Spencer gives Marc Bolland the boot, who else could take over?

 

 

 

 

US politics is about to get interesting – and not in a good way

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

14 January 2015 Last updated at 19:01

 

 

Legal costs hit JP Morgan profits_80261948_78735630.jpg

 

US bank JP Morgan Chase reports a 6.6% fall in quarterly profits after paying $1bn in legal costs resulting from investigations into alleged wrongdoing.

 

 

_80273507_80267608.jpgFacebook expands into the office

 

Facebook releases an app offering office workers a private alternative to email, challenging Microsoft's Yammer, LinkedIn and others.

 

 

 

_80273328_80273287.jpg How Osborne would run a budget surplus

 

George Osborne sets out how he would reduce the national debt by running budget surpluses in "normal times". 89

 

 

 

Other Top Stories

 

 

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

JPMorgan hit by legal costs, Dimon says banks 'under assault' | btn_rel_video.gif

 

7:31pm GMT

 

Exclusive - EBRD faces rare loss due to Russia, Ukraine crisis

 

7:22pm GMT

 

Brent ebbs on growth gloom, U.S. crude aims for parity | btn_rel_video.gif

 

FXpert, 7:14pm GMT

 

Sustained low oil price could impact Ecobank in 2015 - CEO Essien

 

FXpert, Africa 7:13pm GMT

 

U.S. retail sales drop biggest in 11 months, but seen as a blip

 

7:09pm GMT

 

Google partners with auto suppliers on self-driving car

 

7:04pm GMT

 

GM sees improved profit in 2015 on China, U.S. growth

 

6:49pm GMT

 

Low oil prices good for economy, CSX and its customers - CEO

 

FXpert 6:22pm GMT

 

Stocks fall on world growth concerns, copper plunges

 

FXpert 6:14pm GMT

 

Asda rejigs management ahead of tough year for UK retailers

 

6:12pm GMT

 

EU court adviser paves way for ECB money printing | btn_rel_video.gif

 

6:02pm GMT

 

Eurosceptic AfD says EU court opinion could see Germany leave euro

 

6:00pm GMT

 

U.S. retail body estimates holiday sales rose 4 pct on year

 

5:51pm GMT

 

Threat of debt writedowns hovers over Ukraine

 

5:50pm GMT

 

Legal & General could invest with foreign partners in British infrastructure - CEO

 

5:46pm GMT

 

Carney says oil's decline positive for UK economy

 

UK 5:38pm GMT

 

Carney says IMF may help with stress test of UK lenders

 

UK, IMF 5:38pm GMT

 

Osborne confirms Bank of England 2 percent inflation target

 

UK 5:37pm GMT

 

Survitec buyout backed with 300 million pounds of debt - sources

 

5:16pm GMT

 

Wells Fargo fourth-quarter profit rises; watching energy exposure

 

5:09pm GMT

 

FTSE ends sharply lower as slump in copper clobbers miners

 

FXpert 5:07pm GMT

 

ECB's new Lithuanian policymaker 'flexible' on quantitative easing - paper

 

5:00pm GMT

 

Venezuelan president to meet Putin as oil-dependent economies sink

 

World 4:56pm GMT

 

Pimco sees oil lower for longer, 'diamonds' among energy bonds

 

FXpert 4:54pm GMT

 

Daimler recalls 114,000 Mercedes in Germany over seal fault

 

4:47pm GMT

 

Apple, Google reach new deal to end U.S. lawsuit over poaching

 

Tech, 4:12pm GMT

 

Ericsson files complaint against Apple over tech licence payments

 

Tech 4:07pm GMT

 

Continental CEO pledges shares as collateral for personal loan

 

4:03pm GMT

 

Citigroup loses appeal over Abu Dhabi fund's arbitration

 

3:45pm GMT

 

Carney sees ECB taking measures to hit inflation target

 

UK 3:26pm GMT

 

China's Jin Jiang to acquire Groupe Du Louvre for up to 1.2 billion euros

 

3:05pm GMT

 

Qatar Petroleum, Shell halt $6.4 billion petrochemical project

 

FXpert, Middle East 1:58pm GMT

 

UK Mail gains from rival's demise; dumps pallets unit

 

1:52pm GMT

 

Russian finance minister warns on spending as crisis deepens

 

1:40pm GMT

 

Russian finmin says cbank will gradually sell forex from Reserve Fund

 

1:40pm GMT

 

Russian rouble trims losses on Finance Ministry forex plan

 

1:40pm GMT

 

U.S. import prices post biggest drop since 2008

 

1:33pm GMT

 

Exclusive - Deutsche Bank mulls retail float, tie with foreign banks: source

 

1:26pm GMT

 

German fin ministry welcomes EU court backing for ECB bond-buying

 

1:07pm GMT

 

Northern Rock 'bad bank' plans to appeal court ruling on compensation

 

1:00pm GMT

 

Spain 2015 current account surplus to be around 1.5 percent - econ min

 

12:56pm GMT

 

Merkel says needs to study court view on ECB bond-buying before commenting

 

12:55pm GMT

 

Kuwait oil minister says crude price at unexpected levels - KUNA

 

FXpert 12:23pm GMT

 

Peugeot helped by Chinese appetite for mass-market cars

 

12:03pm GMT

 

Russian officials discuss economic crisis

 

11:56am GMT

 

Another former Petrobras executive arrested in Brazil scandal

 

11:53am GMT

 

Profitability of UK services firms hits record high in third quarter - statistics office

 

11:37am GMT

 

Finmeccanica expects final offers for rail assets soon

 

Japan 11:32am GMT

 

China to inspect major state-owned enterprises in anti-graft drive

 

World, 11:21am GMT

 

Barclays hires former BofA executive Moulds as Group COO

 

11:19am GMT

 

Greek election winner must stick to austerity, says German FinMin

 

11:17am GMT

 

Mersch says court opinion shows ECB has considerable discretion

 

11:14am GMT

 

UK online grocer Ocado confident about 2015 prospects

 

Tech 11:12am GMT

 

EU court adviser - ECB buying low-grade bonds does not break state financing rules

 

10:54am GMT

 

Portugal Telecom shares soar on bets asset sale to be approved

 

10:33am GMT

 

Bad-debt manager China Huarong plans $3 billion IPO in the second half of 2015 - IFR

 

10:29am GMT

 

RBS gets waiver from tougher U.S. capital rules

 

10:20am GMT

 

AstraZeneca heart drug boosted by major clinical trial success

 

10:15am GMT

 

EU court adviser cautions against limit on bond-buying, ECB seniority

 

10:10am GMT

 

ECB notes court opinion, says OMT ready and available

 

10:08am GMT

 

RBS short-lists DBS, Sarasin others for Coutts Intl sale - sources

 

10:05am GMT

 

Italy's Christmas shoppers help euro zone factory output in November

 

10:04am GMT

 

Burberry hit by falling sales in Hong Kong

 

9:57am GMT

 

Russian officials discuss economic crisis

 

9:43am GMT

 

McDonald's Japan says plastic in McNugget not linked to Thai plant

 

Japan 9:42am GMT

 

Spain banks borrowed 141.6 billion euros from ECB in December - central bank

 

9:30am GMT

 

Premier Oil sees impairment charge, job cuts due to weak oil

 

9:24am GMT

 

Draghi says ECB needs expansive monetary policy - paper

 

9:21am GMT

 

ECB's Draghi says risk of deflation higher than a year ago - paper

 

9:21am GMT

 

Russian finance minister sees 2015 budget deficit no more than three percent of GDP - RIA

 

9:13am GMT

 

British prompt prices surge on Norwegian supply cuts

 

Norway 9:11am GMT

 

Airlines prepare to hedge more jet fuel to lock in huge savings

 

Aerospace & Defence 9:06am GMT

 

Deutsche Bank co-CEO says global, universal model is right

 

8:57am GMT

 

Fenner warns on earnings as commodity, oil prices slide

 

8:56am GMT

 

Japan proposes record $42 billion military budget to counter China's rise

 

Japan, Aerospace & Defence, World 8:55am GMT

 

Factbox - How UK retailers fared over Christmas

 

FXpert 8:52am GMT

 

Cider maker C&C warns profit to drop on weak UK sales

 

8:49am GMT

 

French inflation at lowest in five years in December

 

8:39am GMT

 

Russian finance minister discusses financial crisis

 

8:18am GMT

 

EU signals flexibility on budgets, aiding France, Italy

 

8:15am GMT

 

Germany boasts balanced budget, resists euro zone stimulus

 

8:15am GMT

 

SuperGroup upbeat after Christmas sales surge

 

8:12am GMT

 

Money manager Jupiter's AUM rises to 31.9 billion pounds

 

8:11am GMT

 

Russian 2015 budget to lose three trillion roubles if oil at $50 - minister

 

World 8:09am GMT

 

Russia could convert part of reserve fund into roubles to receive income - finance minister

 

8:09am GMT

 

World Bank cuts global economic outlook despite oil price drop

 

Japan 8:05am GMT

 

Samsung Electronics launches Tizen smartphone in India

 

Tech 7:45am GMT

 

Malaysia's Sona Petroleum scraps plans to buy stake in Salamander's Thai assets

 

7:31am GMT

 

Builder Barratt says demand robust as forward sales up 17 percent

 

7:20am GMT

 

China housing inventories seen piling up in 2015 as supply grows

 

6:32am GMT

 

Exclusive - Goldman writedown of Portugal loan hurts profit, bonuses

 

6:11am GMT

 

China's steel sector needs restructuring, output is peaking - association

 

5:50am GMT

 

Analysis - U.S. crude to regain Brent premium, briefly, on storage bid

 

5:34am GMT

 

Apple sues Ericsson over LTE wireless telecom patents

 

Tech 5:14am GMT

 

LG Display ordered to halt operations at OLED TV panel line

 

Tech 4:37am GMT

 

China streamlines securitisation deals for second-tier banks - sources

 

4:17am GMT

 

Japan government approves record $812 billion budget; deficit-halving goal in sight

 

World, Japan, 4:00am GMT

 

Factbox - Japan's record $812 billion budget for fiscal 2015/16

 

World, Japan 3:59am GMT

 

Exclusive - Shell says has U.S. OK to export lightly processed oil

 

3:08am GMT

 

Special Report - Daihatsu dismantling 'Toyota Way' as market changes

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

Mark Carney: Falling oil price a 'negative shock' for Scotland

 

northsea_3165224d.jpg

Bank of England governor says negative effects for Scottish economy are 'substantially mitigated' by position in the UK

16 Comments

Britain will run a surplus in the good times, says Osborne

 

economy_3080544g.jpg

George Osborne announces plans to introduce a fiscal rule which would prevent the government from spending more than it earns in "normal" economic times

Comment

Dollar dives as weak US retail sales data raises growth fears

 

dollar_2559873g.jpg

The poor performance of US retailers this December has shaken financial markets, but analysts argue that the outlook for the economy remains bright

33 Comments

 

Court paves way for eurozone QE

 

mario_draghi_2330989g.jpg

An opinion passed down by the European Court of Justice may mean that the "final hurdle" to a euro area quantitative easing scheme has been cleared

164 Comments

Shell ditches $6.5bn Qatar project as oil price slump deepens

 

qatargas_1849283d.jpg

The Al-Karaana petrochemicals project in Qatar won't progress because of the current climate in the energy industry

2 Comments

 

Online sales clear £100bn in UK

 

blackfriday-8_2408352g.jpg

Online retail sales clear £100bn a year for the first time after Black Friday drives growth of internet shopping

Comment

Buy-to-let borrowing grows while other buyers struggle

 

ym-buy-to-let_996416g.jpg

Lending to landlords is up 9pc over the year, while lending to mainstream homeowners and first-time buyers falls

15 Comments

 

Romeo Beckham helps coax shoppers to don Burberry's trenchcoats

 

romeo-beck-sum_2430401g.jpg

Fashion retailer Burberry which used junior Beckham in advertising reports rise in retail sales but warns of slowdown in key Hong Kong markets

19 Comments

BoE Governor warns deflation is now 'possible'

 

veggies_2136368g.jpg

Inflation has slipped to a 14-year low of 0.5pc, lower than economists and the markets had expected

749 Comments

 

Barclays signs up former Bank of America exec for restructuring

 

barclays_2353212d.jpg

Jonathan Moulds will join bank in new role of chief operating officer in February

3 Comments

Europe's imperial court is a threat to all our democracies

 

It’s time to ditch the Bank of England’s obsolete inflation targets

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

Johnson & Johnson to Make Clinical Data Available to Outside Researchers

 

By KATIE THOMAS 1:00 PM ET

 

 

The health care giant, collaborating with Yale, made the announcement on the same day that the Institute of Medicine urged sponsors of clinical trials to share data.

 

 

 

20150115sbiz-ss-slide-H0IF-sfSpan-v2.jpg

Gretchen Ertl for The New York Times

 

 

Small Business

 

Rethinking the Nail Salon by Glancing at the Starbucks Model

 

By SARAH MAX 10:45 AM ET

 

MiniLuxe, applying best practices from other industries, has eight locations in the Boston area and is preparing to expand nationally.

 

 

 

 

 

DealBook

 

dbpix-jpmorgan1-thumbStandard.jpg

JPMorgan Chase Profit Declines 7%, Hobbled by Weak Trading

 

By NATHANIEL POPPER 11:05 AM ET

 

JPMorgan Chase reported an unexpected drop in profit, to $4.9 billion, or $1.19 a share, during a sluggish fourth quarter.

 

 

 

House Passes Measure to Ease Some Dodd-Frank Rules

 

By JONATHAN WEISMAN 56 minutes ago

 

Some Democrats joined Republicans in approving legislation to ease banking regulations under the 2010 law.

 

 

U.S. Markets Trading Lower as Bond Yields and Commodity Prices Fall

 

By DAVID JOLLY and STANLEY REED

 

The global flight to safe haven assets pushed the yield on the United States 30-year Treasury bond at one point to below 2.4 percent.

 

 

 

15ecb-web1-thumbStandard.jpg

Devil May Be in the Details on European Central Bank Bond Buying

 

By JACK EWING 50 minutes ago

 

The bank and its president must finesse the details of any quantitative easing plan while leaving no doubt about kick-starting the eurozone economy.

 

 

15tax-web1-thumbStandard.jpg

Need Help From the I.R.S.? You May Need More Patience This Year

 

By PATRICIA COHEN 10:02 AM ET

 

The agency’s taxpayer advocate warned that staff reductions and new filing requirements could make it harder than ever to get an answer on the phone.

 

earning-less-but-paying-more-1421189555897-thumbStandard.png

Study Finds Local Taxes Hit Lower Wage Earners Harder

 

By PATRICIA COHEN

 

An analysis by the Institute on Taxation and Economic Policy ranked states by tax burden and concluded that the poorest have the biggest burden in local taxes.

 

Retail Sales Dropped More Than Expected in December

 

By HIROKO TABUCHI 10:02 AM ET

 

Even accounting for the decline in gas prices, the slump surprised analysts, suggesting consumers were saving more instead of spending.

 

 

 

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

More Economy 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

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

 

 


 

 

 

 

 

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

BP job losses: Oil giant to brief 15,000 UK employees on staff cuts and 'restructuring' plans

 

Unions warn of 'damage to the very core of our offshore industry'

 

Copper rout sparks fears over health of global economy

 

 

 

 

Primark reports strong sales over the Christmas period

 

 

 

 

Swiss franc: National Bank causes earthquake in forex markets as it abandons cap on currency

 

 

 

 

Cadbury owner Mondelez International to cut over 200 jobs at Birmingham Bournville factory

 

 

 

 

Caesars Entertainment's operating unit files for Chapter 11 bankruptcy

 

 

 

 

These are the 37 employers named by the Government for failing to pay their workers the minimum wage

 

 

 

 

NS&I pensioner bonds: Website encounters problems amid high demand for the 65-plus market-beating bonds

 

 

 

 

George Osborne: UK could be richer than America by 2030

 

 

 

 

BlackBerry shares jump nearly 30% after reported Samsung offer

 

 

 

Jim Armitage: When copper-bottomed shares turn into little more than basket cases

 

Investors have finally decided to cut their losses and move on

 

Jim Armitage: Game turns into a loser for Neil Woodford

 

 

 

 

Jim Armitage: It's not just charity that begins at home...

 

 

 

 

James Moore: Being good is better than just appearing to be good

 

 

 

 

James Moore: Has Standard Chartered dug itself into a hole?

 

 

 

 

James Moore: Sorry Amazon, but job creation doesn’t compensate for tax avoidance

 

 

 

 

Chris Blackhurst: Juicy share carrots for top brass? Troubled Quindell must fall into line

 

 

 

 

Hamish McRae: Low inflation is welcome news for consumers – and not so bad if you’re a saver

 

 

 

 

Small Talk: Crowdfunding must now be taken seriously by rivals

 

 

 

 

James Moore: Chancellor wouldn't do his duty on fuel prices

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

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