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The great interest rate rip off part 8


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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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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

China telecoms giant could be cyber-security risk to Britain

 

16 December 2012 12:00 AM

PM may blacklist Huawei if report declares it a threat – sparking a trade war with China

 

 

MoD supply reform hits problems

 

16 December 2012 12:00 AM

Doubts grow over business case for bringing private sector into military procurement

 

 

Pop-up shops are licking the high street blues

 

16 December 2012 12:00 AM

Helped by the Rolling Stones, temporary shops are rocking. James Thompson reports

 

 

'Mis-selling' fears over packaged bank accounts

 

16 December 2012 12:00 AM

Claims industry is gearing up for a lucrative new round of legal battles

 

 

Energy price hikes send inflation to six-month high – with more pain to come

 

16 December 2012 12:00 AM

Soaring energy bills are set to push the cost of living to a six-month high in figures due this week.

 

 

 

Mothercare chief faces investor backlash over £6.7m bonus deal

 

16 December 2012 12:00 AM

Mothercare's chief executive, Simon Calver, is bracing himself for a backlash over his highly incentivised pay package, which could see him pocket £6.7m, including £4.8m in shares.

 

 

 

Rangers hope to score £50m float

 

16 December 2012 12:00 AM

Rangers will list its shares on the London Stock Exchange this week in a move expected to value the football club at £50m and revive the once-great team's fortunes.

 

 

 

Dozens of possible bidders for ITV studios

 

16 December 2012 12:00 AM

Around 50 potential bidders have emerged for the London studios of ITV in a development that has led to speculation that the Downton Abbey broadcaster could leave for more up-to-date premises.

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

16 December 2012 Last updated at 17:26

 

 

Barclays: US energy fine 'unjust'_64793929_015728225-1.jpg

 

Barclays says US regulators' proposed fines of $470m (£291m) for its alleged manipulation of energy markets are "unjustified" and the allegations will not stand up.

 

 

_64793298_64793276.jpgBoris: Don't sneer at Starbucks

 

London Mayor Boris Johnson has urged people not to "sneer" at the coffee chain Starbucks over its decision to pay £20m in corporation tax.

 

 

 

_64780814_c2d3353b-7328-4f5b-a52d-75f9c946fcc4.jpgChristmas rail strike to go ahead

 

Rail strikes in the run-up to Christmas are to go ahead after talks between ScotRail managers and trade union officials failed to achieve agreement.

 

 

 

 

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

Quiet Doctor, Lavish Insider: A Parallel Life

 

By NATHANIEL POPPER and BILL VLASIC

 

 

While he appeared a grandfatherly academic, Dr. Sidney Gilman advised a network of Wall Street traders through SAC Capital and eventually crossed the line into criminal behavior.

 

 

 

 

dog-DOCTOR2-sfSpan-v2.jpg

Dr. Gilman's advice to Wall Street traders afforded him payments of $100,000 or more a year — on top of his $258,000 pay from the University of Michigan.

 

 

 

 

 

 

16-ACTIVISION-thumbStandard.jpg

At Activision, a Hero and Villain, Zapped Into One

 

By AMY CHOZICK

 

Activision Blizzard, which sells must-have video games like those in the Call of Duty series, may be admired by Wall Street, but players often lash out at the chief executive, Bobby Kotick.

 

16-NEGOTIATE-thumbStandard.jpg

How to Attack the Gender Wage Gap? Speak Up

 

By JESSICA BENNETT

 

When it comes to negotiating for better pay, women often hesitate, studies show. But new programs around the United States are aiming to eliminate those fears.

 

yogurt-thumbStandard.jpg

U.S. Hunger for Yogurt Leads to Gigantic Factory

 

By STEPHANIE STROM 38 minutes ago

 

Chobani, which has rapidly become a billion-dollar powerhouse in an expanding market, is about to open one of the world’s largest yogurt processing plants in Twin Falls, Idaho.

 

Bits

 

16-BITS-thumbStandard.jpg

This Is Your Life, as Recalled by an App

 

By JENNA WORTHAM

 

Social media emphasize the here and now. But some new services comb through your digital history to send daily reminders of your previous postings — happy or otherwise.

 

Career Couch

 

16-CAREER-thumbStandard.jpg

Working From Home, Without the Sideshows

 

By EILENE ZIMMERMAN

 

With a little organization and some careful time management, working from home can be as productive as working at the office.

 

The Haggler

 

16-HAGGLER-thumbStandard.jpg

Preening Peacocks, and Other Annoyances

 

By DAVID SEGAL

 

Dear hotels, drugstores and credit card companies: Fix just a few problems, and you’ll stop making the Haggler’s life so unbearable.

 

The Boss

 

16-BOSS-thumbStandard.jpg

Milestones and Rewards

 

By BILL WHITMORE

 

The C.E.O. of a security services company says membership in the Boy Scouts taught him much about reaching progressively higher levels of achievement.

 

 

 

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

Comet secured creditors are set to receive £49.7m following collapse

 

comet_2401713g.jpg

Comet’s secured creditors are expected to see a return of 34p in the pound in the wake of the collapse of the electricals retailer.

1 Comment

Comet collapse leaves taxpayer facing a £26m loss

 

 

From £2.72 a share to 2p – why HMV crashed

 

hmv_1797517g.jpg

Sir Edward Elgar opened the first HMV store in July 1921 on Oxford Street in a grand ceremony. Once this was a great British company at the forefront of new technology. Now it is on the back foot.

130 Comments

 

Trafigura lines up £3bn industrial IPO

 

oil_1782343g.jpg

Trafigura, the controversial oil trading group that was forced to pay millions of dollars relating to toxic waste spills, could raise billions in a London Stock Exchange flotation next year.

7 Comments

 

Johnson says leaving EU 'not end of the world'

 

boris_2375807g.jpg

Leaving the European Union would not be "the end of the world" for Britain, London mayor Boris Johnson said today, but added that he would "prefer" to stay in it.

136 Comments

 

Rome will not seek ECB aid, says Bank of Italy

 

Colosseum_2412363g.jpg

Rome will not be forced to seek help from the European Central Bank’s emergency scheme, according to the Governor of the Bank of Italy.

1 Comment

 

Banks face fresh split threat

 

london_2410571g.jpg

The Commission on Banking Standards is looking at the possibility of keeping legislation to split retail and investment banks on the statute books as a “nuclear option” if plans to “ring-fence” banks’ businesses prove inadequate.

74 Comments

Banks under fire as face new Parliamentary pressure for reforms

 

 

 

Prince Alwaleed rejected Facebook IPO

 

 

 

 

Carlsberg ramps up pressure on PM

 

 

 

 

The Bank should be able to change its approach to monetary policy

 

boe_2426136g.jpg

With hindsight, the significant change in 1997 was giving the Bank of England independence, building confidence that monetary policy would not be positioned for political convenience.

15 Comments

Do not be seduced by a 'fracking’ gas bonanza

 

 

 

 

Carney told to keep focus on inflation

 

 

 

 

Britain's economic fortunes are slowly starting to turn

 

 

 

Sants is a risky move for Barclays - and he knows it

 

Do not be seduced by a 'fracking’ gas bonanza

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

Bechtel sparks row with bid for nuclear clean-up

 

17 December 2012 12:00 AM

Channel Tunnel engineer invaded by 82-year-old nun's blood-spattered protest

 

 

Peer-to-peer lending boom could make banks obsolete

 

17 December 2012 12:00 AM

The days of the banking middlemen may be numbered as a technological revolution in business lending shakes the dominance of the UK's biggest banks, a senior director of the Bank of England has said.

 

 

 

Women's march on boards gains momentum

 

17 December 2012 12:00 AM

Two of Britain's highest-profile female chief executives may have quit in recent weeks but the overall number of female directors in Britain has increased by 24 per cent over the past five years.

 

 

 

Thousands to lose jobs as last Comet branches close

 

17 December 2012 12:00 AM

Beleaguered electrical goods chain Comet is set to close its doors for the final time tomorrow, heralding the loss of thousands more jobs just a week before Christmas.

 

 

 

Bank scheme still not helping first-timers

 

17 December 2012 12:00 AM

First-time buyers and those with small deposits have seen barely any benefit of cheaper loan costs from the Bank of England's Funding for Lending scheme so far, according to figures compiled for the Independent.

 

 

 

Bank supremo: Peer-to-peer lending is a good reason to be cheerful

 

17 December 2012 12:00 AM

Andy Haldane tells Margareta Pagano he is feels warmed by the white heat of technology

 

 

Overstaffing at KPMG causes profits to plummet

 

17 December 2012 12:00 AM

Misplaced optimism over the nation's faltering economic recovery has dented the fortunes of "Big Four" accountant KPMG, which revealed falling UK profits today. The accountant blamed hanging onto staff too long for the 13 per cent fall in UK profits to £349m in the year to October.

 

 

 

Buyouts back in vogue as value rises 25 per cent

 

17 December 2012 12:00 AM

Private equity firms have bounced back to life this year as the value of buyout deals jumps by almost a quarter, according to new figures.

 

 

 

RBS 'set to agree £350m payment for Libor scandal'

 

17 December 2012 12:00 AM

Taxpayer-backed Royal Bank of Scotland is close to agreeing a £350m settlement with US and UK regulators over the Libor-fixing scandal, according to reports. This dwarfs the £290m penalty for Barclays in June. The furore cost then-chief executive Bob Diamond his job.

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

Apple's iPhone 5 starts strong in China but shares pressured

 

3:34pm GMT

 

Greece's lenders warn of "very large" risks to bailout

 

3:27pm GMT

 

Portuguese mobile firms eye foreign growth after merger

 

3:27pm GMT

 

Clearwire accepts slightly higher bid from Sprint

 

Japan 3:20pm GMT

 

Vodafone weakness weighs on FTSE

 

FXpert 3:07pm GMT

 

Etihad in final talks to buy India carrier stake-source

 

Aerospace & Defence 3:03pm GMT

 

Draft EU rules to open door to plain cigarette packets

 

2:39pm GMT

 

Russian tycoon becomes Norilsk CEO in board peace deal

 

2:21pm GMT

 

FSA steps up fight against mis-selling

 

2:09pm GMT

 

Royal Mail adds advisers ahead of privatisation

 

2:04pm GMT

 

LSE sees acquisition of LCH.Clearnet within first quarter - report

 

1:52pm GMT

 

UBS faces $1.5 billion day of reckoning over rate rigging

 

Japan 1:48pm GMT

 

India's Kingfisher says will restart operations in phases

 

1:47pm GMT

 

UBS faces $1.5 billion day of reckoning over rate rigging

 

Japan 1:45pm GMT

 

Azerbaijan pays £177 million for first European property

 

1:30pm GMT

 

Spaniards ditch mobile phones in record numbers

 

1:28pm GMT

 

Norway government wants big mortgage buffer increase for banks

 

Norway 1:15pm GMT

 

KPN shares drop on dividend cut, costly licences

 

1:07pm GMT

 

Santander to absorb Spanish subsidiary Banesto

 

Spain 12:56pm GMT

 

Hungary's central bank says limit on bills "nonsense"

 

12:45pm GMT

 

Emirates NBD frontrunner to buy BNP Paribas' Egypt arm-sources

 

12:18pm GMT

 

Monte Paschi bailout gets preliminary EU clearance

 

12:16pm GMT

 

Aggreko warns on 2013 performance

 

11:28am GMT

 

Economists trim Brazil GDP growth view for fifth week

 

11:06am GMT

 

South America sees new currency wars despite intervention cost

 

11:04am GMT

 

Holcim speeds response to slow European construction

 

11:01am GMT

 

Fortune Oil to sell natural gas business to China Gas

 

10:32am GMT

 

Santander says to close 700 bank branches after Banesto buyout

 

9:55am GMT

 

Spain Santander to swap 0.663 share for each Banesto share

 

9:55am GMT

 

BP sells interest in North Sea gas field to SSE for $288 million

 

9:34am GMT

 

Mitsubishi Heavy CEO calls for nuclear restarts in Japan

 

Japan, Nuclear Power 9:22am GMT

 

Aggreko sees 2013 revenue slide

 

Japan 8:44am GMT

 

H&M like-for-like sales drop one percent in November

 

8:24am GMT

 

Spain's Santander, Banesto share trading suspended - regulator

 

8:10am GMT

 

Exclusive - Carlyle risks lower profit on TCW deal

 

8:08am GMT

 

South Korea's $1.1 billion KAI sale thwarted by price, political headwinds

 

Aerospace & Defence 7:38am GMT

 

Bank reporting cocktail leaves investors groggy

 

6:51am GMT

 

Dollar surges on Japan vote, U.S. budget weighs

 

FXpert, Japan, 10:22am GMT

 

AIG to raise up to $6.5 billion through AIA share sale - sources

 

Japan 6:45am GMT

 

Norway government wants big mortgage buffer increase for banks

 

Norway 6:30am GMT

 

China faces no big pressure for aggressive easing - central bank

 

5:59am GMT

 

China says to cut some import taxes from 2013

 

5:59am GMT

 

Abramovich, partner eye up to 10 percent of Norilsk - paper

 

5:56am GMT

 

Google could emerge unscathed from federal web search probe - WSJ

 

4:29am GMT

 

China Gas to buy Fortune Oil's China gas biz for $400 million - sources

 

3:42am GMT

 

Twitter had offered Instagram $525 million deal - report

 

2:18am GMT

 

U.S. to press China on trade as Beijing eyes "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.

Link to post
Share on other sites

17 December 2012 Last updated at 15:14

 

 

£12 bill rise for energy upgrade_64805290_pylons2.jpg

 

The energy regulator will permit firms running the UK's energy grids to add an average £12 to annual bills over the next eight years. 133

 

 

_64773462_000101998-1.jpgRitz 'paying no corporation tax'

 

London's high-end Ritz hotel has not paid any corporation tax in the 17 years since it was taken over by the reclusive Barclay twins.

 

 

MoD to auction off radio spectrum

 

The Ministry of Defence says it will auction some of the radio frequency it owns in a move that will increase the capacity for 4G mobile services.

 

 

 

 

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

Debt crisis: Draghi faces clash with Germany over ECB banking powers

 

draghi_2420302g.jpg

ECB President says central bank will have power over all of the eurozone's 6,000 banks as Spain prepares for fresh austerity protests.

131 Comments

Amazon starts sale on Christmas Day

 

fire_2011893g.jpg

Website Amazon has brought forward its ‘Boxing Day sale’ to Christmas Day for the first time this year following a near-trebling of online sales on December 25 over the last five years.

6 Comments

 

Energy upgrade adds £12 a year to bills

 

hinkley_2310592g.jpg

Major projects to improve the UK's gas and electricity networks will add an average £12 to bills over the next eight years, the regulator Ofgem said on Monday.

60 Comments

 

Abramovich the 'peacemaker' in Norilsk deal

 

norilsk_2428106g.jpg

Norilsk Nickel said Roman Abramovich will get a 20pc voting stake and named co-owner Vladimir Potanin as chief executive in a peace deal to end a feud at the world's top nickel producer.

Comment

 

Olympic medallists intern at Goldman

 

goldman-interns_cu_2430076g.jpg

A team of elite athletes, including Olympic medal winners, have completed a four-week internship at Goldman Sachs as part of a scheme to help sportsmen and women secure second careers.

Comment

 

FSA opens investigation into Arch Cru

 

fsa-rate-swap-scan_2257226g.jpg

Financial advisers ordered to write to all investors who were mis-sold Arch Cru products.

Comment

 

Homeowners cut prices for quick sale

 

 

 

 

Banking report to call for bank break-up

 

 

 

 

Aggreko shares plunge as outlook disappoints

 

 

 

 

Insurer Amlin rents space in the Cheesegrater

 

 

 

'US risks following Britain over fiscal cliff'

 

 

 

Argentina faces expulsion from IMF

 

 

 

 

Week ahead in business and economics: Dec 17-21

 

Europe has nothing to fear but fear itself and will move ahead with hope

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

Onetime Allies in Antitrust Part Ways Over Google

 

By STEVE LOHR

 

 

Years ago, two lawyers saw Microsoft’s fast grip on the PC software market as anticompetitive. Today, they disagree on whether Google represents a similar force in search.

 

 

 

 

17lawyers-1-sfSpan.jpg

Left: Saul Loeb/Agence France-Presse — Getty Images; Right: Peter DaSilva for The New York Times

 

Susan Creighton is now in Google's corner while Gary Reback represents several companies that have complained to the government about Google.

 

 

 

 

 

 

DealBook

 

Sprint Reaches Deal to Buy Out Clearwire

 

By MICHAEL J. DE LA MERCED 16 minutes ago

 

Sprint increases its offer for Clearwire and its valuable wireless spectrum to $2.97 a share from $2.90 and wins the support of its board.

 

econjump1-thumbStandard.jpg

Forecast Is Sunnier, but Washington Casts a Big Shadow

 

By CATHERINE RAMPELL

 

Economists see a number of sources of underlying strength, but some envision slower growth in 2013 even if Washington avoids a stalemate in the fiscal talks.

 

 

Influx of Cash in Asia Raises Familiar Worries

 

By BETTINA WASSENER 7:25 AM ET

 

Property prices, for example, have risen across much of the region. And Asian currencies have strengthened, possibly leading to a repeat of what happened two years ago.

 

jp-spain1-thumbStandard.jpg

For Spaniards, Having a Job No Longer Guarantees a Paycheck

 

By SUZANNE DALEY

 

With Spain’s ongoing economic crisis leaving local governments in debt and businesses struggling, workers sometimes have to resort to legal measures simply to be paid.

 

Media Decoder Blog

 

wikileaks-thumbStandard.jpg

Group Aims to Be a Conduit for WikiLeaks Donations

 

By DAVID CARR

 

A new nonprofit called the Freedom of the Press Foundation aims to insulate the fund-raising efforts of organizations like WikiLeaks from political and business pressures.

 

European Mobile Stocks Fall After Costly Spectrum Auction

 

By KEVIN J. O’BRIEN 38 minutes ago

 

Share of KPN, Vodafone, T-Mobile and Tele2 fell after the companies spent billions in a wireless spectrum auction in the Netherlands.

 

DealBook

 

ALETHEIA-thumbStandard.jpg

S.E.C. Says Asset Firm Manipulated Trades to Enrich Some Clients

 

By PETER LATTMAN

 

Federal regulators said that Aletheia Research and Management steered profits to some clients, and to the firm's co-founder, Peter J. Eichler Jr., at the expense of others.

 

DealBook

 

A.I.G. to Sell Remaining Stake in Asian Insurer

 

By NEIL GOUGH 49 minutes ago

 

The American insurance giant said it has started a process to sell potentially all of its shares in the Hong Kong-listed A.I.A. Group -- a 13.7 percent stake worth $6.7 billion.

 

 

 

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

Poor have suffered bigger hit to incomes than rich, says Bank survey

 

18 December 2012 12:00 AM

Households still uncomfortable with debt levels and further deleveraging to come

 

 

Inflation rate unchanged at 2.7%

 

18 December 2012 10:16 AM

The UK's rate of inflation was unchanged today but there are fears the respite may only be brief as energy prices continue to rise.

 

 

 

Instagram 'called off deal with Twitter before Facebook sale'

 

18 December 2012 12:00 AM

Instagram, the photo-sharing website and app, could have been owned by Twitter rather than Facebook.

 

 

 

v2-Pg-53-comet-charlie.jpg

Final trading day for Comet as curtain comes down on another famous high street name

 

18 December 2012 04:41 PM

As stores close for the final time reasons behind the chain's collapse are examined

 

 

 

Greece's lenders warn of 'very large' risks to bailout

 

17 December 2012 11:41 PM

There are "very large" risks to the recently negotiated Greek bailout package, according to a long-awaited report from the European Commission and European Central Bank.

 

 

 

Aggreko feels £100m drag on revenues after Olympic boost

 

17 December 2012 11:41 PM

Aggreko suffered post-Olympics blues yesterday as the power supplier warned that revenues next year will be £100m lower than this year's.

 

 

 

Room at the top for Amlin after its Cheesegrater deal

 

17 December 2012 11:41 PM

The Lloyd's of London insurer Amlin will soon be wowing its clients at the top of the Cheesegrater skyscraper in the City after agreeing a major pre-letting deal with British Land yesterday.

 

 

 

Santander to absorb subsidiary Banesto

 

17 December 2012 11:41 PM

Spain's largest bank, Santander, is taking full ownership of its 90 per cent-owned subsidiary Banesto, the latest move in a round of consolidation among the country's lenders.

 

 

 

FSA clampdown on Guernsey deals

 

17 December 2012 11:41 PM

Financial advisers must contact thousands of people who bought into two Guernsey funds to see if they are eligible for compensation after Britain's markets watchdog wielded new powers for the first time in its crackdown on mis-selling.

 

 

 

Bupa in £244m dental deal in Australia

 

17 December 2012 11:41 PM

The private healthcare group Bupa has agreed to take over Australia and New Zealand's largest dentistry chain for £244m.

 

 

 

Norilsk aims to settle boardroom war with new set-up

 

17 December 2012 11:41 PM

Norilsk Nickel named its long-time co-owner Vladimir Potanin as its chief executive yesterday under a Kremlin-inspired deal to end a boardroom war at the world's top nickel and palladium producer.

 

 

 

H&M's sales fillip gives a lift to high street

 

17 December 2012 11:41 PM

H&M yesterday posted some encouraging news for the high street, with the Swedish fashion giant revealing trading last month had not been as bad as feared.

 

 

 

Dods buys political publishers from Ashcroft

 

17 December 2012 11:41 PM

Two businesses majority-owned by Lord Ashcroft have been snapped up by Dods, the political publisher in which the Conservative peer is also a major shareholder.

 

 

 

Yen dives on buzz over money printing

 

17 December 2012 11:41 PM

The yen plunged yesterday as traders bet on a huge expansion in money printing from Japan's central bank in the wake of a landslide election victory for the Liberal Democratic Party.

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

Boehner holds troops in line on "fiscal cliff" deal talks

 

8:08pm GMT

 

Obama making "good faith" bid for "fiscal cliff" deal - White House

 

8:08pm GMT

 

Fed's Fisher says he's worried about Fed's big balance sheet

 

7:44pm GMT

 

Ireland opposed to Ryanair bid for Aer Lingus

 

7:43pm GMT

 

Government sets five-year plan to spur solar, biomass energy

 

UK 7:30pm GMT

 

LVMH says Louis Vuitton CEO quits over ill health

 

7:18pm GMT

 

Avio owner says buyer needs to give growth and jobs guarantees

 

7:13pm GMT

 

ECB'S Praet says France must cut spending, start reforms

 

7:10pm GMT

 

Accounting body signals pause after flurry of rules

 

7:02pm GMT

 

Exclusive - CDC, Abu Dhabi build jumbo consortium for Total's TIGF

 

6:22pm GMT

 

Regulators start wider overhaul of securitisation rules

 

6:19pm GMT

 

Irish govt to oppose Ryanair bid for Aer Lingus

 

6:03pm GMT

 

Obama rejects Boehner backup plan on "fiscal cliff"

 

5:53pm GMT

 

S&P lifts Greek rating from selective default

 

5:47pm GMT

 

Turkey's Pegasus orders Airbus in upset for Boeing

 

Aerospace & Defence 5:38pm GMT

 

BoE tells clearing houses to put stability before profit

 

UK 5:34pm GMT

 

S&P lifts Greek rating from selective default

 

5:27pm GMT

 

FTSE buoyed by fiscal cliff optimism

 

FXpert, 5:27pm GMT

 

Bank of Japan to mull 2 percent inflation target as Abe turns up heat

 

Japan 5:17pm GMT

 

State Street quits bidding for Credit Suisse ETF unit

 

4:54pm GMT

 

Lloyd's of London insurers eye 231 million pounds Sandy hit

 

UK 4:43pm GMT

 

Exclusive: CDC, Abu Dhabi build jumbo consortium for Total's TIGF

 

4:41pm GMT

 

UPS offers more concessions to secure TNT deal-sources

 

4:13pm GMT

 

MPs to rubber-stamp bank reform

 

UK, 6:17pm GMT

 

U.S. "fiscal cliff" deal closer, but gaps remain | btn_rel_video.gif

 

3:35pm GMT

 

Boehner - Obama "fiscal cliff" offer "not there yet," but has hope

 

3:35pm GMT

 

India clears way for bigger foreign investment in banks

 

3:15pm GMT

 

Central banks look at 2013 with caution, alarm

 

3:05pm GMT

 

Credit Suisse Germany to axe 150 private banking jobs

 

3:00pm GMT

 

House Republicans eye limited fiscal cliff bill

 

2:56pm GMT

 

France defies critics with foreign investment paradox

 

2:54pm GMT

 

U.S. Treasury plans to sell bulk of TARP stakes

 

2:17pm GMT

 

Euro zone rescuer Draghi faces daunting 2013

 

2:05pm GMT

 

Saras forming joint venture with Rosneft

 

1:50pm GMT

 

U.S. current account deficit smallest in nearly two years

 

1:44pm GMT

 

Nielsen to buy radio ratings company Arbitron for $1.26 billion

 

1:37pm GMT

 

Swiss government says proposed "fat cat" curbs go too far

 

1:21pm GMT

 

French employers head sees mixed chance of labour reform success

 

1:00pm GMT

 

Nielsen to buy radio ratings company Arbitron for $1.26 billion

 

12:59pm GMT

 

BoE tells clearing houses to put stability before profit

 

12:47pm GMT

 

Irish growth targets on track after GDP revisions

 

12:33pm GMT

 

Insight - Marathon talks set Europe on path to banking union

 

12:32pm GMT

 

Etihad buying majority of Air Berlin loyalty programme

 

Aerospace & Defence 12:28pm GMT

 

Alleged HSBC data thief released from jail in Spain

 

12:21pm GMT

 

Insight - Swiss, facing EU tax pressure, ponder how to attract firms

 

1:10pm GMT

 

GE deal on Avio imminent after Safran sidelined - sources

 

Aerospace & Defence 12:16pm GMT

 

Italian court to rule in landmark derivatives case

 

11:53am GMT

 

Europe to miss bank rules deadline after EU talks postponed

 

G20 11:43am GMT

 

Irish GDP grows slightly in third-quarter with previous quarters revised up

 

11:03am GMT

 

Struggling retailer Esprit warns of six-month loss

 

10:48am GMT

 

Spain banks' bad loans hit new high in October

 

10:43am GMT

 

Italy's Saras signs trading deal with Russia's Rosneft

 

10:36am GMT

 

Cyprus says won't default on its payments

 

10:34am GMT

 

German steel industry sees modest recovery in 2013

 

10:33am GMT

 

William Hill gets more time for Sportingbet deal

 

10:33am GMT

 

Spain beats target in last debt auction of 2012

 

Spain 10:32am GMT

 

Renault leads French car orders slump - survey

 

10:30am GMT

 

Spain's Sabadell agrees to buy part of BMN for 350 million euros

 

Spain 9:37am GMT

 

Spain banks bad loans hit new high in October

 

9:11am GMT

 

Rank may have to sell 6 UK casinos to win Gala clearance

 

7:54am GMT

 

Did not discuss monetary policy with next PM Abe - BOJ Shirakawa

 

Japan 6:24am GMT

 

Asked BOJ Shirakawa to consider two percent inflation goal - Japan's Abe

 

Japan 6:24am GMT

 

India central bank holds rates but shifts focus to growth

 

6:21am GMT

 

Sumitomo Life nears agreement to buy HSBC's 18 percent stake in Bao Viet - source

 

Japan 6:09am GMT

 

External risks impede China recovery, more easing seen

 

6:08am GMT

 

Shares at three month high on U.S. budget deal hopes

 

FXpert, 6:41pm GMT

 

Charoen group fails in bid to boost F&N stake - sources

 

5:52am GMT

 

Knight Capital's board said to be split on rival buyout offers

 

5:29am GMT

 

Walmex used bribes to open 19 Mexico stores - NY Times

 

4:17am GMT

 

In new "cliff" bid, Obama seeks $1.2 trillion in revenue - source

 

3:41am GMT

 

China home price rises quicken, uptrend takes hold

 

3:39am GMT

 

AIG marks end of era with $6.45 billion AIA stake sale

 

Japan 2:57am GMT

 

Tesco close to naming UK chief executive - FT

 

9:42am GMT

 

Obama "cliff" offer is flawed but positive - Boehner aides

 

2:02am GMT

 

In new "cliff" bid, Obama seeks $1.2 trillion in revenue - source

 

1:43am GMT

 

Dirty money costs developing world $6 trillion, led by China - report

 

12:12am GMT

 

Illicit money flows grow in China, Iraq - 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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18 December 2012 Last updated at 19:33

 

 

Comet stores open for final day_64823028_64240091.jpg

 

Comet stores are to close their doors for the last time on Tuesday, bringing the failed UK electrical retailer's 79-year history to an end.

 

 

_64840700_slogans.jpgS&P raises Greece's credit rating

 

Standard and Poor's raises the credit rating of Greece's sovereign debt by six levels, praising the "strong determination" of fellow eurozone countries to help it stay in the grouping.

 

 

 

UK inflation unchanged at 2.7%

 

The UK inflation rate was unchanged at 2.7% in November, figures show, as rises in food and energy costs were offset by cheaper petrol.

 

 

 

 

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

'We are not the bogeyman of the internet,' Google tells MPs

 

google_2417185g.jpg

Google's UK policy chief has told MPs that the web search giant is not “the bogeyman” of the internet, as the embattled technology giant fought to restore its reputation.

34 Comments

Government investigates Comet collapse

 

comet_2351424g.jpg

Vince Cable's department has launched an investigation into the demise of Comet as it emerged that OpCapita and its backers charged Comet millions for fees despite the chain racking up losses.

136 Comments

Comet and other retail failures

 

 

 

Coalition 'seduced' by shale gas

 

gas_2431393g.jpg

Britain risks being left behind because the “dithering and indecisive” Government is being “seduced” by shale gas, a senior MP is claiming.

64 Comments

 

MPs demand suspension of swap payments

 

banks_1780461b_2280935g.jpg

A group of 24 MPs have written to the Financial Services Authority and the Treasury demanding that banks immediately suspend payments on interest rate swaps.

4 Comments

 

Treasury raised red flag over West Coast

 

trains_2359114g.jpg

Officials from the Treasury and the Cabinet Office raised alarm bells over the chaotic West Coast rail project in March but the flawed process was allowed to continue regardless, it has emerged.

1 Comment

West Coast inquiry lacks Poirot's detective skills

 

 

 

'Cut redundancy talks period to 30 days'

 

london-bridge-walk_1752952g.jpg

Business leaders claim the 90-day warning period over large-scale redundancies could have been cut further to 30 days, after the Government said it only planned to halve the consultation period.

50 Comments

 

G4S appoints ITV's Adam Crozier to its board

 

 

 

 

British boost from Airbus and Rolls-Royce

 

 

 

 

S&P upgrades Greece six notches

 

 

 

 

Orange most complained about broadband provider

 

 

 

 

Five economic policy battles that reformers should win

 

Central banks risk bond market crash in turning monetary dial to 11

 

Japan's Shinzo Abe prepares to print money for the whole world

 

Inflation steady as food costs rise, petrol falls

 

petrol_station_2406769f.jpg

Inflation steady at 2.7pc as price of bread, cereals and vegetables rise.

38 Comments

Inflation: what's pushing up prices?

 

[/url] The bond markets have already downgraded Britain’s credit rating

 

petrol_2431658g.jpg

Inflation didn’t rise in November but it didn’t fall either and that’s by far the more significant conclusion of Tuesday’s latest prices data.

Comment

 

S&P upgrades Greek credit rating and sets outlook to stable

 

 

 

 

Five economic policy battles that reformers should win

 

 

 

 

Debt Crisis: as it happened - December 18, 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.

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Share on other sites

Hospitals Fear They’ll Bear Brunt of Medicare Cuts

 

By ROBERT PEAR and REED ABELSON 12:22 PM ET

 

 

Consensus is building around the idea that the largest Medicare savings should come from institutional providers of care.

 

 

 

19medicare-pic-sfSpan.jpg

Angel Franco/The New York Times

 

A hospital technician tends to a patient in the emergency room at Montefiore Medical Center, a large nonprofit hospital system in the Bronx.

 

 

 

 

 

 

1218boehner-thumbStandard.jpg

Boehner Invokes ‘Plan B’, Dismissing Obama’s Fiscal Offer

 

By JONATHAN WEISMAN 12:59 PM ET

 

The speaker of the House wants to move forward with his own plan to increase tax rates only on income over $1 million and delay the fight over spending cuts.

 

 

DealBook

 

Private Equity Giant to Sell Gunmaker; Cites Massacre

 

By PETER LATTMAN and MARK SCOTT 19 minutes ago

 

Cerberus Capital Management, which owns the maker of the rifle used by Adam Lanza during the shootings in Connecticut, said it did not want to be drawn into the national debate over gun control.

 

 

Some Gun Retailers Make Changes After School Shootings

 

By STEPHANIE CLIFFORD 12:42 PM ET

 

Walmart.com has removed its information page on the Bushmaster .223, a semiautomatic rifle. And Dick’s Sporting Goods said it was temporarily ceasing sales of modern sporting rifles nationwide.

 

18walmart_cnd-thumbStandard.jpg

How Wal-Mart Used Payoffs to Get Its Way in Mexico

 

By DAVID BARSTOW and ALEJANDRA XANIC von BERTRAB

 

Wal-Mart de Mexico was an aggressive and creative corrupter, offering large payoffs to get what the law otherwise prohibited, an examination by The New York Times found.

 

 

F.T.C. Opens an Inquiry Into Data Brokers

 

By NATASHA SINGER 38 minutes ago

 

The Federal Trade Commission is looking at nine companies that collect and sell information about consumers.

 

Media Decoder Blog

 

Arbitron Deal Extends Nielsen's Reach Into Consumer Habits

 

By BEN SISARIO 12:56 PM ET

 

Nielsen said the deal would increase the total amount of time in a given day it could track the listening and viewing habits of the average American to seven hours from the current five.

 

Standard & Poor’s Upgrades Greece’s Credit Rating

 

By THE ASSOCIATED PRESS 1:57 PM ET

 

Standard & Poor's ratings agency on Tuesday upgraded Greece's credit grade by 6 notches, yanking the debt-heavy country out of default but still keeping its devalued bonds in junk status.

 

Amgen Agrees to Pay $762 Million in Drug Case

 

By ANDREW POLLACK and MOSI SECRET 1:25 PM ET

 

The company pleaded guilty to misbranding its anemia drug Aranesp, meaning selling it for uses not approved by the Food and Drug Administration.

 

Google Wins Time From E.U. Antitrust Enforcer

 

By JAMES KANTER 37 minutes ago

 

Changes in its online services could bring Google a step closer to resolving a three-year-old investigation without a big fine or a finding of wrongdoing.

 

 

 

 

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

UBS admits fraud in £940m Libor rigging settlement

 

19 December 2012 06:33 AM

Swiss bank UBS agreed today to pay £940 million to regulators in the biggest penalty yet from the industry's Libor-rigging scandal.

 

 

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Ex-UBS traders charged over Libor rigging

 

19 December 2012 06:01 PM

Two former UBS traders have been charged by United States prosecutors in connection with efforts to manipulate Libor interest rates.

 

 

 

2JulianKnightREUTERS.jpg

£250,000-a-year accommodation allowance for new Bank of England Governor Mark Carney

 

19 December 2012 07:57 PM

Fresh details of the lucrative financial package required to lure the Bank of England’s first foreign Governor across the Atlantic show that Mark Carney, a Canadian, has landed a housing allowance worth £1.25m over his five-year term.

 

 

 

Bigger jets boost flyers from Heathrow

 

18 December 2012 11:57 PM

Heathrow will pack in almost 71 million passengers next year, 1.2 per cent more than in the last 12 months, as airlines use more A380s and other large jets on its landing strips.

 

 

 

New twists in Samsung and Apple's transatlantic patent war

 

18 December 2012 11:57 PM

The tit-for-tat mobile patent wars between Apple and Samsung have taken a surprise turn, with dramatic developments on both sides of the Atlantic.

 

 

 

Leading broker attacks new Bank of England Governor's plan for growth targets

 

18 December 2012 11:57 PM

The head of one of the City's biggest money brokers has condemned Mark Carney's idea that central banks should consider growth targets in order to boost the economy, and said that it was "premature" to describe the incoming Bank of England Governor as "outstanding".

 

 

 

Watchdog uncovers widespread ignorance about commission fees

 

18 December 2012 11:57 PM

Nearly half of people who have consulted a financial adviser were unaware they were paying for the service, according to City watchdogs.

 

 

 

Energy row set to widen split over dash-for-gas strategy

 

18 December 2012 11:57 PM

Former Tory minister attacks Osborne and bids to make generation green

 

 

 

Households feel food price pain

 

18 December 2012 11:57 PM

A painful rise in the cost of the weekly shop kept up the inflation pressure for struggling household budgets in November, giving more headaches for rate-setters at the Bank of England.

 

 

 

Rank is told it must offload six of its casinos before it can take over rival Gala

 

18 December 2012 11:57 PM

Rank will have to sell off as many as six casinos if it wants to revive its £205m takeover of rival Gala Casinos, the Competition Commission said yesterday.

 

 

 

Nissan to make new model only in Sunderland

 

18 December 2012 11:57 PM

About 1,000 jobs will be created in the UK after Nissan announced plans to build the latest model from its premium Infiniti brand at its plant in Sunderland.

 

 

 

UK companies facing a $300m bill from Superstorm Sandy

 

18 December 2012 11:57 PM

Britain's insurance industry has been handed a bill for more than $300m (£185m) for losses caused by Superstorm Sandy at the end of October.

 

 

 

Park is boosted by a festive spree

 

18 December 2012 11:57 PM

Cautious consumers have loosened their belts a notch for the festive season this year, the Christmas savings group Park said yesterday.

 

 

 

Paragon gets its teeth into horror

 

18 December 2012 11:57 PM

Dracula, Frankenstein and the Mummy in all their Hammer House of Horror glory are set to be the stars of a themed attraction venue in central London.

 

 

 

Haynes launches a review to get sales back on road

 

18 December 2012 11:57 PM

Having blamed 50 Shades of Grey for falling sales of its car manuals and DIY books, the publisher Haynes yesterday said it had launched a "fundamental strategic review" of its 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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