David Marsh, from the official monetary forum OMFIF, said it is the first time that a developing country has been anointed in this way and marks a “momentous shift in the global power balance”. “Acquiescence by the US in this […]
Monthly Archives: November 2015
The emergency services need a better 999 network
Airwave can’t do any of these things. It does carry data but at so slow a speed as to make a dial-up modem embarrassed on its behalf. It is primarily a walkie-talkie service, albeit a very good one. There are […]
Federal Reserve agrees to rein in emergency lending after criticism over AIG rescue
The Fed agreed to the new rules under pressure from lawmakers – led by Senator Elizabeth Warren – who felt an initial plan announced in 2013 did not go far enough. This led to fears that the central bank could […]
Questor share tip: Cranswick shares hit record high on chicken profits
It is now focusing on the poultry market. The company completed the £17.7m purchase of cooked chicken specialist Benson Park in October in 2014 and branching out into these feathered friends is sensible. Cranswick don’t rear the chickens themselves, what […]
Market Report: Investors brace for bumpy December
Meanwhile, US jobs figures scheduled for release at the end of the week are set to confirm that the Federal Reserve will raise its interest rates, until now unchanged in almost seven years. Financial market data suggests that money managers […]
BATS eyes second attempt at float after botched IPO
The American stock exchange operator that was forced to scrap its float following technical glitches on its own computers is planning a second attempt at an initial public offering. BATS Global Markets is said to be eyeing a float next […]
Former FCA executive joins low-cost lending company
Ms Raffé said: “Even the most sensible spending can very quickly become unaffordable when interest rates are too high.” Since finishing her gardening leave from the FCA at the end of April, she has also joined another fintech advisory board […]
Despite Britain’s love affair with property, too few of us own homes
Since then, however, something strange happened. For the past decade-and-a-half it has been ratcheting down relentlessly year after year. We are now down to just 64.8pc, according to the latest statistics from Eurostat. What is shocking is how low that […]
ICBC Standard Bank pays out $32.5m for bribery failings
It is the first time a deferred prosecution agreement (DPA) has been used in the UK. The bank found evidence of wrongdoing and in April 2013 alerted the Serious Fraud Office, which carried out its own investigation. By using a […]
India poised to become fastest growing large economy
The Indian economy expanded by 7.4pc in the three months to September compared with a year ago, following growth of 7pc in the second quarter, according to the country’s statistics office. The International Monetary Fund (IMF) believes China will grow […]