The great interest rate rip off part 10

[interestrateripoff]

• Google accused of abusing Android smartphone monopoly in new battle with Brussels
   
   
   
  
• 20 Apr 2016, 5:10pm Unemployment rises for first time since mid-2015
   
   
   
  
• 20 Apr 2016, 3:43pm Tata bosses step up plans for management buyout of loss-making steel business
   
   
   
  
• 20 Apr 2016, 9:51am Economic threat of Brexit is being 'exaggerated', says former Bank of England chief
   
   
   
  
• 20 Apr 2016, 10:02am Metro Bank stems losses to £7.9m in first update since IPO
   
   
   
  
• Grim start to 2016 for investment banks could easily get even worse
  
• British Gas to cut 684 jobs as it shuts Oldbury call centre
   
   
   
  
• 20 Apr 2016, 6:00am Gallery: Yorkshire sales: buy a rural retreat at a 30pc discount
   
   
   
  
• 20 Apr 2016, 9:49am For sale: 12-bedroom 'haunted house', with views of the Atlantic, for the same price as a London flat
   
   
   
  
• 20 Apr 2016, 11:03am Rentokil acquisitions herald a strong start to the year
   
   
   
  
• 20 Apr 2016, 2:37pm 'No reason to believe' UK cars affected by emissions scandal, says Mitsubishi
   
   
   
  
• 19 Apr 2016, 7:39pm Why has the FTSE 100 hit fresh highs and can it keep going?
   
   
   
  
• Unemployment rises for first time since mid-2015
   
   
   
  
• 20 Apr 2016, 9:51am Economic threat of Brexit is being 'exaggerated', says former Bank of England chief
   
   
   
  
• 19 Apr 2016, 3:56pm City of London would take hit from Brexit, warns Mark Carney
   
   
   
  
• 19 Apr 2016, 1:57pm China considers London for £320bn bond sale
   
   
   
  
• Japanese stocks rebound from worst loss in two weeks after Dow surge
  

[interestrateripoff]

Move Over, Andrew Jackson. Harriet Tubman Is Coming to the $20 Bill.

 

By JACKIE CALMES 2:05 PM ET

 

 

Ms. Tubman, who ferried slaves to freedom, is just one of several women and civil rights leaders who will appear on new currency designs.

 

• 561 Comments
  

 

 

 

Laura McDermott for The New York Times

 

 

Entrepreneurship

 

‘Whole Foods Effect’: When Small Food Makers Get the Call to Go Big

 

By AMY HAIMERL 9:40 AM ET

 

Elation can quickly turn to fear as small companies must suddenly learn how to produce at larger volumes while maintaining quality and consistency.

 

 

 

 

 

 

 

• Wall St. Rises Along With Oil 11:52 AM ET
  

 

Google Charged With Breaking Europe’s Antitrust Rules

 

By MARK SCOTT

 

The European competition chief said Google had unfairly promoted its services with cellphone manufacturers, limiting how rivals could operate in the smartphone software market.

 

• 22 Comments
  
• How Europe Is Going After U.S. Tech Giants
  

 

Sumner Redstone’s Granddaughter and Ex-Companion Form Alliance

 

By EMILY STEEL 12:32 PM ET

 

Keryn Redstone has filed a petition to join the former companion, Manuela Herzer, in the legal fight over the media mogul’s mental competency.

 

Supreme Court Rules Iran Bank Must Pay for Terrorist Attacks

 

By ADAM LIPTAK 1:24 PM ET

 

A law making it easier for victims’ families to recover damages did not overstep constitutional bounds, the court said.

 

Mitsubishi Admits Cheating on Fuel-Economy Tests

 

By JONATHAN SOBLE 10:35 AM ET

 

The manipulation of testing procedures by the automaker’s engineers affected about 620,000 vehicles sold in Japan, the company’s president said.

 

Senate Passes Broad Bill to Modernize Energy Infrastructure

 

By CORAL DAVENPORT 11:08 AM ET

 

The bill, approved 85 to 12, united Republicans and Democrats around a measure to better align the nation’s energy infrastructure with the changing ways that power is produced.

 

Intel to Slash 12,000 Jobs as PC Demand Plummets

 

By QUENTIN HARDY

 

The company, the largest semiconductor maker, will lay off 11 percent of its work force as it shifts to supplying chips for phones and other devices.

 

F.B.I. Says It Needs Hackers to Keep Up With Tech Companies

 

By CECILIA KANG and ERIC LICHTBLAU

 

Government officials and Apple representatives showed no sign of compromise in their battle over encryption and privacy, as they appeared before a congressional panel.

 

Saudi Threat to Sell U.S. Assets Could Hurt, but Mostly the Saudis

 

By BINYAMIN APPELBAUM

 

A move by the kingdom to sell off holdings worth billions if Congress passes a bill allowing the Saudis to be sued over 9/11 would have little impact on America, experts say.

 

• Obama Arrives in Saudi Arabia Amid a New Round of Contention
  

 

 

 

• Flint Water Crisis Yields First Criminal Charges 1:35 PM ET
  
• Yahoo’s Troubles Mount, and Revenue Shrinks, as It Vets Suitors
  
• United Continental Settles Battle Over Its Board
  
• US Home Sales Rebounded in March After February Dip 10:33 AM ET
  
• A Daily News Editor Is Fired After Plagiarism Accusations
  
• Barclays Names Permanent C.E.O. for Barclaycard Business
  
• Coca-Cola Sales Fall on Strong Dollar and Weak European Demand 11:54 AM ET
  
• Dutch Court Overturns $50 Billion Ruling Against Russia in Yukos Case
  

[interestrateripoff]

"China Yuan Gold Fix Is Part Of A Planned Shift From Dollar": China's Bocom

 

Fed Inspector General: "We Discovered Issues That Warrant Immediate Attention"

 

Why Stocks Rebounded Overnight: Goldman Expects BOJ To Double Its Equity Purchases As Soon As Next Week

 

How Systems Break: First They Slow Down

 

"We Express Deep Apologies" - Mitsubishi Admits Rigging Emissions Test Data

 

Eric Hunsader: The Financial System Is "Absolutely, Positively Rigged"

[interestrateripoff]

How Systems Break: First They Slow Down

 

Alternatively, we can cling to a state of denial, and the dominant system will be replaced by arrangements that are not necessarily positive.

The reality that cannot be spoken is that all the financial systems we believe are permanent are actually on borrowed time. One way we can judge this decline of resilience is to look at how long it takes systems to recover when they are stressed, and to what degree they bounce back to previous levels.

Another is to look at the extremes the system reaches without returning to "normal": for example, interest rates, which rather than normalizing after seven years of suppression are being pushed to negative rates by increasingly desperate central bankers.

The key insight here is that financial systems and indeed economies function as natural systems. Central planning/central banker manipulation appears to control the system, but this control masks the reality that the system is increasingly fragile and prone to collapse, not just from internal dynamics but as a direct result of central bank manipulation.

The warning signs of fraying resilience are all around us.

 

Nature's Warning Signal: Complex systems like ecological food webs, the brain, and the climate all give off a characteristic signal when disaster is around the corner.

"The signal, a phenomenon called 'critical slowing down,' is a lengthening of the time that a system takes to recover from small disturbances, such as a disease that reduces the minnow population, in the vicinity of a critical transition. It occurs because a system’s internal stabilizing forces—whatever they might be—become weaker near the point at which they suddenly propel the system toward a different state."

[interestrateripoff]

China Retaliates In Trade Wars - Increases Steel Output To Record High

 

What Everyone Is Missing In The Oil Supply/Demand Conundrum

 

Intel Fires A Massive 12,000 Workers, 11% Of Its Entire Workforce, As It Misses Q1 Sales, Guides Lower

 

Russian Stocks Soar After Biggest Outflow In 11 Months

 

Why Negative Rates Are Positive For Gold

 

Has The ECB's QE Been A Failure? This Is What Europe's Banks Think

 

US Economy - Ongoing Distortions

 

As Olympics Looms, Governor Warns Rio Is "Close To Social Collapse"

 

Stocks Soar As Corporations Are Defaulting On Their Debts Like It's 2008 All Over Again

 

The Chinese Start Buying Silver: BofA Says "Momentum Breaks Out To Highest In Years"

 

Institutionalized Lying - Why Central Bankers Never See Bubbles

 

March Housing Starts, Permits Plunge As Single-family Units Crash

 

Goldman Earnings Plunge 55% In Worst Quarter Since 2011; Average Compensation Crashes

 

$530 Billion Over Ten Years - How The End Of Border-less Travel Threatens Europe's Economy

 

Boston Fed Says "Markets Are Wrong," Rates Are Going Higher, Sooner

 

Malaysia CDS Spike After Abu Dhabi Puts Scandal-Ridden 1MDB In Default

 

The Whole System Is Built Upon Lies And "We're In The Terminal Phase"

 

Days After Wells Fargo Admits Defrauding The Government, NY Fed Rewards It With Primary Dealer Status

 

The Growing Divergence Between America's Most And Least Affordable Cities

 

Caught On Tape: Chinese Bulldozers Battle As Economic Frustration Boils Over

 

"War, Confiscation Or Redistribution" - An Anecdote On Systemic Reset

[interestrateripoff]

Tata's Port Talbot management working on buyout plan

 

Senior staff at Port Talbot, Britain's biggest steel works, are seeking to launch a management buyout plan with the support of staff, investors and the government to save the loss-making plant put up for sale by Tata Steel.

6:06pm BST

Brexit would prompt banker exit, hurt currency trading, City of London says

 

LONDON A British exit from the European Union would hurt London's status as a global financial centre because international banks could move away and euro trading would be hit, the City of London Corporation said on Wednesday.

6:04pm BST

Commerzbank share falls after CEO warns of earnings decline

 

FRANKFURT Commerzbank said it expects first quarter earnings to be below those of the fourth quarter of 2015, hurt by low interest rates and capital market volatility at the start of the year, sending its shares sharply lower.

5:59pm BST

Exclusive: Hutchison rules out more EU remedies to secure O2 bid - sources

 

LONDON/MADRID Ck Hutchison Holdings will not offer EU regulators further concessions to secure a takeover of Telefonica's O2 and is ready to challenge a rejection of its bid, sources familiar with the matter said.

5:57pm BST

German economy minister jumps to Draghi's defense

 

BERLIN German Economy Minister Sigmar Gabriel leapt to the defense of the European Central Bank on Wednesday, saying it was time to stop bashing the bank's president, Mario Draghi, and instead up to governments to agree on measures to boost growth.

5:56pm BST

EU hits Google with second antitrust charge

 

BRUSSELS - The European Union charged Google on Wednesday with using its dominant Android mobile operating system to squeeze out rivals, opening a second front against the U.S. technology giant that could result in large fines.

5:46pm BST

Spain raises deficit target to 0.7 percent for regions in 2016

 

MADRID Spain's autonomous regions will have to shrink their deficit to 0.7 percent of their economic output in 2016 after they widely overshot that same goal last year, the acting government said in a statement on Wednesday.

5:42pm BST

Czech VW unit Skoda Auto unions approve wage agreement - union newsletter

 

PRAGUE Unions at Skoda Auto, the Czech unit of Volkswagen AG , approved on Wednesday an agreement with management on wage hikes for the next two years, the union chief said in a union newsletter.

5:27pm BST

FTSE at highest close for 2016 as commodities rally

 

LONDON Britain's top share index closed at a fresh year high on Wednesday after a rally in the price of oil spurred gains in commodity-related stocks.

5:14pm BST

Euro zone ready to finalise Greek deal next week, if talks succeed

 

BRUSSELS/ATHENS Euro zone finance ministers are ready to hold an extraordinary meeting next week if negotiations on the review of the Greek reform programme are concluded, a senior EU official said on Wednesday, commenting that talks remained difficult.

FTSE at highest close for 2016 as commodities rally

 

LONDON Britain's top share index closed at a fresh year high on Wednesday after a rally in the price of oil spurred gains in commodity-related stocks.

5:14pm BST

Exclusive: Rescue plan for Polish coalminer KW opposed by two banks - sources

 

WARSAW Poland's efforts to agree a debt-for-equity swap with creditors to rescue troubled miner Kompania Weglowa (KW) have run into opposition from private lenders involved in the discussions, three sources said on Wednesday.

4:37pm BST

UK unemployment rises for first time since mid-2015 as EU vote nears

 

LONDON The number of people out of work in Britain rose for the first time since mid-2015 in the three months to February, the latest sign the economy is slowing as Britain gears up for a divisive referendum on its membership of the European Union.

3:55pm BST

Exclusive - U.S. regulators query banks on their 'Brexit' contingency plans: sources

 

LONDON U.S. financial regulators are demanding regular updates from Wall Street banks about their contingency plans should Britain vote to leave the European Union, banking and regulatory sources told Reuters.

3:34pm BST

UK financial regulator yet to get its hands on Panama Papers

 

LONDON Britain's financial regulator has not begun to examine the leaked Panama Papers, which have been combed through by media organisations for news stories, because it has yet to gain full access to the contents.

3:33pm BST

Mitsubishi Motors admits manipulating fuel economy data, shares tumble

 

TOKYO Mitsubishi Motors Corp admitted to manipulating test data to overstate the fuel economy of 625,000 cars sold in Japan, knocking its shares down more than 15 percent and wiping $1.2 billion off its market value on Wednesday.

3:20pm BST

Centrica's British Gas to cut nearly 700 jobs

 

LONDON Utility group Centrica's British Gas, the country's largest energy supplier, said on Wednesday it was proposing to cut 684 jobs at its British Gas Services by closing its Oldbury office near Birmingham.

3:10pm BST

Factbox - EU charges Google with abusing Android's market dominance

 

, The European Union charged Google on Wednesday with abusing its position as the dominant supplier of Android software for phones, opening a second front against the U.S. technology giant that could lead to large fines.

2:53pm BST

Growth still the missing link in emerging markets bounce

 

LONDON Three months into an emerging market rally, investors are still waiting for the uptick in growth and exports needed to keep the rebound from fizzling out.

2:50pm BST

Top euro zone firms may soon see investors pay to lend to them

 

LONDON (Reuters/IFR) - Awash with cheap cash, the euro zone's top companies may soon get the same free ride their governments have taken in recent years: investors paying for the chance to lend to them.

[interestrateripoff]

In a world of look-alike cars, can Japanese pop culture heroes help?

 

TOKYO Some of Japan's top automakers, with a reputation for quality performance wrapped in often bland design, are turning to the country's pop culture to give them "J-factor" and help set them apart in a world of increasingly look-alike cars.

2:10pm BST

Low inflation pushing down UK wage deals, Bank of England's McCafferty says

 

LONDON British wage growth is being pushed down by low headline inflation, but could bounce back fast once prices start to rise more quickly, Bank of England policymaker Ian McCafferty said on Wednesday.

2:07pm BST

Germany confirms growth forecast despite weaker exports

 

BERLIN The German government on Wednesday stuck to its economic growth forecast of 1.7 percent for this year, despite a slowdown in emerging markets, as strong domestic demand is replacing exports as the main pillar of Europe's largest economy.

1:59pm BST

Small, medium-sized UK firms face 35.6 billion pound Brexit hit - report

 

LONDON Uncertainty surrounding Britain's vote on whether to stay in or leave the European Union has left small and medium-sized British companies facing a 35.6 billion pound currency risk, a report said on Wednesday.

1:44pm BST

China's LeEco unveils all-electric concept car with sights set on industry leaders

 

BEIJING China's Le Holdings Co Ltd, also known as LeEco and formerly as LeTV, on Wednesday unveiled an all-electric battery concept car whose production version the company hopes will compete head-on with Tesla Motors Inc's Model S.

12:46pm BST

Shell starts voluntary redundancy process for Dutch staff

 

LONDON Shell said it had started a voluntary severance process in the Netherlands as part of a plan to cut around 10,300 jobs worldwide.

12:42pm BST

South Africa's credit rating to be cut to junk this year

 

JOHANNESBURG South Africa's sovereign credit rating will probably be cut to junk status this year, at least by Standard & Poor's, amid concerns the government could fail to reach its budget targets, a Reuters poll found on Wednesday.

12:27pm BST

Volkswagen resists move for trial instead of EPA settlement

 

BERLIN Volkswagen is resisting a demand from U.S. plaintiffs to go to trial rather than settle its diesel emissions case with government regulators, according to a court filing, as it braces for a crucial court hearing on Thursday.

12:24pm BST

China unveils steps to support exports to help economy

 

BEIJING China will take steps to boost exports, including encouraging banks to boost lending, expanding export credit insurance and raise tax rebates for some firms, the cabinet said on Wednesday, in the latest step to underpin growth.

12:22pm BST

RWE boss faces environmental protest, investor anger

 

ESSEN, Germany Environmental campaigners disrupted the annual meeting of German power producer RWE on Wednesday as its boss told investors that scrapping the dividend this year was essential to help safeguard the company's future.

[interestrateripoff]

Ireland sees budget deficit falling to 1.1 percent this year

 

DUBLIN Ireland's underlying budget deficit was a lower-than expected 1.3 percent of gross domestic product (GDP) in 2015 but will be higher than anticipated earlier this year at 1.1 percent, finance minister Michael Noonan said on Wednesday.

12:06pm BST

Venezuela minister warns oil prices may collapse if producers don't talk

 

MOSCOW Venezuelan Oil Minister Eulogio Del Pino warned on Wednesday that global oil stocks were nearly full and the oil price could collapse if producers did not resume talks about freezing output levels.

11:51am BST

Toshiba preparing Westinghouse writedown, CEO to step down - sources

 

TOKYO Japan's Toshiba Corp is preparing to write down the value of its stake in U.S. nuclear subsidiary Westinghouse by around 200 billion yen (1.27 billion pound), sources familiar with the matter said on Wednesday.

11:49am BST

Germany's Gabriel says TTIP success depends on U.S.

 

BERLIN Negotiations on a new EU-U.S. free trade deal are "frozen up" and their success or failure very much depends on the United States, German Economy Minister Sigmar Gabriel said on Wednesday.

11:44am BST

Swiss investors upbeat on view rates won't fall further - ZEW

 

ZURICH The Swiss ZEW investor sentiment index rose to a four-month high in April as expectations declined that Switzerland and the neighbouring euro zone would cut interest rates again, a stance that could help financial firms.

11:39am BST

Russian PM Medvedev says 2016 budget deficit should not be higher than three percent of GDP

 

MOSCOW Russian Prime Minister Dmitry Medvedev said on Wednesday that the finance ministry should ensure that 2016 budget deficit does not exceed 3 percent of gross domestic product.

11:00am BST

Benchmark for 2016 budget will be 3 percent deficit at $40/barrel oil price - Russian finance minister

 

MOSCOW The key benchmark for Russia's budget this year will be a deficit of 3 percent of gross domestic product assuming an average oil price of $40 per barrel, Finance Minister Anton Siluanov said on Wednesday.

11:00am BST

N Brown says trading subdued on bad weather, Brexit fears

 

British plus-size fashion retailer N Brown Group Plc said trading in the new financial year has been subdued, hurt by lower demand for spring and summer clothing due to bad weather and as uncertainty over Brexit influenced consumer spending.

10:47am BST

Chip designer ARM beats forecasts with first-quarter profit rise

 

LONDON Britain's ARM Holdings reported better-than-expected first-quarter profit as the provider of technology for the iPhone licensed more of its designs for use in the next generation of smartphones and connected devices.

10:40am BST

OPEC stands aloof of oil price regulation - Russian energy minister

 

MOSCOW Decision-making within the OPEC has become more complicated and since 2008 the international oil cartel has taken no action to regulate the global oil market, Russian Energy Minister Alexander Novak said on Wednesday.

10:28am BST

[interestrateripoff]

Strong start to year takes Heineken shares to record high

 

BRUSSELS Brewer Heineken NV sold far more beer than expected in the first three months of the year, helped by growth over the Vietnamese and Chinese New Years and an earlier Easter, sending its shares to a record high.

10:15am BST

Dutch court overturns $50 billion Yukos award against Russia

 

AMSTERDAM In a victory for Moscow, a Dutch court on Wednesday overturned an order that Russia pay $50 billion (35 billion pounds) to shareholders in defunct oil company Yukos, saying that the Hague-based Permanent Court of Arbitration had no jurisdiction.

9:51am BST

Swedish FSA says may need to do more to cool housing market

 

STOCKHOLM Sweden's Financial Supervisory Authority may need to do more to dampen soaring mortgage borrowing even after tighter repayment rules are introduced in June, Director General Erik Thedeen said on Wednesday.

9:41am BST

China bank regulator tells Shanghai lenders to rein in bill risks - memo

 

SHANGHAI China's banking regulator has urged Shanghai's lenders to rein in risks connected with bills of exchange, according to two sources with direct knowledge of the matter and a memo circulated by the financial watchdog on Tuesday.

9:40am BST

UK households see inflation pick-up, earlier BoE move - Markit

 

LONDON British households have raised their expectations for inflation to the highest level in eight months, making the prospect of a long-awaited interest rate hike by the Bank of England a little bit less distant in their eyes, a survey showed on Wednesday.

9:33am BST

Sweden drops insider trading probe into former Swedbank CEO

 

STOCKHOLM Swedish authorities have dropped a preliminary investigation of suspected insider trading into former Swedbank CEO Michael Wolf, the Swedish Economic Crime Authority said on Wednesday.

9:21am BST

Apple refused China request for source code in last two years - lawyer

 

WASHINGTON Apple Inc has been asked by Chinese authorities within the last two years to hand over its source code but refused, the company's top lawyer told lawmakers on Tuesday in response to U.S. law enforcement criticism of its stance on technology security.

9:20am BST

BOJ's Kuroda signals readiness to top up ETF purchases

 

TOKYO Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank's presence in the exchange-traded fund (ETF) market is "not too big," signalling that topping up purchases of ETFs could be a real, near-term option.

8:26am BST

Former U.S. Treasury secretaries say Brexit would make Britain poorer and smaller

 

LONDON Britain will be poorer, more inward looking and London's role as a global financial centre could be undermined if it votes to leave the European Union in a June 23 referendum, eight former U.S. Treasury secretaries said on Wednesday.

8:24am BST

Metro Bank's first-quarter loss narrows

 

British lender Metro Bank Plc's first-quarter underlying loss after tax narrowed, driven by strong growth in residential mortgages and commercial lending.

8:21am BST

 

Builders' merchant Travis Perkins reports strong start to year

 

LONDON Travis Perkins , Britain's biggest supplier of building materials, said on Wednesday growth picked up in the first quarter, helped by the recovery in the country's repair, maintenance and improvement (RMI) market.

8:03am BST

HSBC in charm offensive to woo China sceptics

 

HONG KONG/LONDON Battling against sceptical Western investors, HSBC , is on a mission to explain why its push into a slowing China is good for the global bank’s future growth.

7:02am BST

Syngenta first-quarter sales down 7 percent on currencies, weak Latam business

 

FRANKFURT Syngenta , the Swiss pesticides and seeds maker that is being taken over by state-owned ChemChina, said first-quarter sales declined 7 percent, hurt by a strong dollar and a drop at its Latin American business.

6:16am BST

SAP first-quarter profit after tax rises 9 percent, keeps 2016 outlook

 

FRANKFURT Europe's largest software company SAP said on Wednesday first-quarter profit after tax rose 9 percent to 763 million euros (604 million pounds) and reiterated its full-year outlook, citing a strong order pipeline across its portfolio.

6:13am BST

China may be more cautious with future policy easing - Financial News

 

BEIJING China's future monetary policy will avoid encouraging companies to take on more debt and will consider the impact of money supply on prices, an influential central bank economist was quoted saying by the Financial News on Wednesday.

5:56am BST

BHP joins Rio in iron ore output cut, eases oversupplied market

 

SYDNEY Mining giant BHP Billiton followed rival Rio Tinto in trimming its iron ore output guidance on Wednesday, helping to ease pressure on an oversupplied market.

5:46am BST

BHP Billiton weighs getting out of Indonesian coal

 

MELBOURNE BHP Billiton is considering quitting its coal assets in Indonesia, where it recently started shipping steel-making coal from a small mine, amid uncertainty over Indonesian regulations and a weak outlook for coal.

5:46am BST

BHP Billiton weighs getting out of Indonesian coal

 

MELBOURNE BHP Billiton is considering giving up its coal stakes in Indonesia, where it recently started producing coal, amid uncertainty over Indonesian regulations and a weak outlook for coal.

5:16am BST

Japan's exports fall as yen rises, quake disruption looms

 

TOKYO Japan’s exports fell for a sixth straight month in March as slowing growth in China, soft demand for electronic components for products such as the iPhone and a strengthening yen threatened to hold back the country’s economic recovery.

4:31am BST

China's CIC, KKR consortium in talks to buy control of Yum China unit - sources

 

HONG KONG/SINGAPORE A group of investors comprising sovereign wealth fund China Investment Corp (CIC), KKR & Co and Baring Private Equity Asia is in talks to buy a controlling stake in Yum Brands Inc's China unit, people familiar with the matter said.

[interestrateripoff]

Japan manufacturers' mood up; yen rise weighs on outlook - Reuters Tankan

 

TOKYO Confidence among Japanese manufacturers rose in April but it is expected to worsen again in the coming three months, a Reuters poll found on Wednesday, reflecting concerns about the yen's rise and tepid overseas demand.

4:18am BST

Situation after Kyushu quakes not like post-March 2011 - Japan's Suga

 

TOKYO Japan's top government spokesman said on Wednesday conditions following the deadly earthquakes in the southern island of Kyushu this month were not similar to the situation after the natural disasters in March 2011.

4:17am BST

U.S., other countries call for urgent action on steel overcapacity

 

WASHINGTON The United States and seven other countries called on Tuesday for urgent action to address global steel overcapacity, a day after China and other major steel producing countries failed to agree on measures to tackle an industry crisis.

4:11am BST

Consortium led by China's Apex to buy Lexmark for $3.6 billion

 

Printer maker Lexmark International Inc has agreed to be taken private by a group of investors led by China-based Apex Technology Co Ltd and PAG Asia Capital in a deal valued at $3.6 billion (2.5 billion pounds) net of cash, the company said.

3:09am BST

Airbus close to selling 37 A321 jets to Delta - sources

 

PARIS European planemaker Airbus is close to a deal to sell 37 current-generation A321 passenger jets to Delta Air Lines , three people familiar with the matter said.

3:08am BST

German investor morale rises in April on positive signs from China

 

BERLIN/DUESSELDORF The mood among German analysts and investors rose for the second consecutive month in April, a survey by think tank ZEW showed on Tuesday, as positive signs from China helped allay concerns that weakness there would hurt the export-reliant German economy.

2:56am BST

BOJ Kuroda - G20 communique won't constrain monetary policy

 

TOKYO Bank of Japan Governor Haruhiko Kuroda said on Wednesday he told Group of 20 finance leaders gathering in Washington last week that the central bank won't hesitate to ease monetary policy further if needed to hit its 2 percent inflation target.

1:48am BST

U.S. probes tax avoidance schemes mentioned in Panama papers - the Guardian

 

The U.S. Department of Justice is investigating the tax avoidance claims revealed in the release of the Panama Papers, the Guardian reported on Tuesday.

1:03am BST

Insurers see best returns from private equity in next 12 months - survey

 

LONDON Global insurers expect private equity to produce the highest returns in the next year and a quarter plan to increase allocations to the asset class, a Goldman Sachs Asset Management survey showed on Wednesday.

12:12am BST

Goldman posts weakest results in 4 years, revenue tumbles 40 pct

 

Goldman Sachs Group Inc reported the worst quarterly results in more than four years on Tuesday as volatile markets kept clients from trading, investing or issuing new securities.

UK bank commission head asks central bank to think again on capital

 

LONDON The Bank of England is too optimistic about being able to close big banks smoothly if they run into trouble and lenders should hold far more capital to keep the financial system safe, the architect of a major banking reform said on Tuesday.

19 Apr 2016

France bills McDonald's $341 million for unpaid tax - report

 

PARIS French authorities have sent McDonald's France a 300 million euro ($341 million/236 million pounds) bill for unpaid taxes on profits believed to have been funnelled through Luxembourg and Switzerland, business magazine L'Expansion reported on Tuesday.

19 Apr 2016

Oil rises as Kuwaiti strike cuts output for third day

 

NEW YORK Oil prices jumped more than 3 percent on Tuesday after a strike by workers in Kuwait nearly halved the OPEC member's crude production, overshadowing bearish sentiment after Sunday's failure by producers to agree to freeze output levels.

19 Apr 2016

France threatens halt to TTIP talks barring progress in coming months

 

PARIS France has threatened to stall further negotiations on a new EU-U.S. free trade deal barring significant progress in coming months, Trade Minister Matthias Fekl said on Tuesday.

19 Apr 2016

Steelworkers agree to 3 percent pay cut in Tata Steel-Greybull deal

 

Trade unions Unite, GMB and Community have accepted a 3 percent pay reduction for a year as a part of the deal for the sale of Tata Steel's Long Products business to Greybull Capital, the National Trade Union Steel Coordinating Committee said.

19 Apr 2016

Oil gains on Kuwait strike; global shares highest since December

 

NEW YORK Oil prices rose on Tuesday following a workers' strike in Kuwait, while a global stock index hit its highest level since early December as signs of economic stabilization in China lifted demand for riskier assets.

19 Apr 2016

Undelivered Airbus jets jam parking spaces, hurt cash flow

 

PARIS A growing backlog of undelivered Airbus passenger jets, stranded outside their factories due to supplier problems, is putting pressure on the planemaker's cash generation for the start of the year, industry sources and analysts said.

19 Apr 2016

EDF staff investors demands France buys out minorities in nuclear dispute

 

PARIS An EDF employee shareholders group has asked the AMF market regulator to force the French state to buy out the utility's minority shareholders, in a dispute over its plans to build nuclear plants in Britain.

19 Apr 2016

EU antitrust chief expected to charge Google on Wednesday - sources

 

BRUSSELS Europe's antitrust chief is expected to hit Google on Wednesday with anti-competitive charges concerning its Android mobile phone operating system, two people familiar with the matter said.

19 Apr 2016

Google wins some, loses some in global antitrust battles

 

FRANKFURT For more than a decade, Internet search and advertising giant Google, now a unit of holding company Alphabet Inc , has sparred with competitors in an expanding range of industries from Internet to media to telecoms to automobiles.

[interestrateripoff]

Britain to give MPs veto power over banking regulator appointment

 

LONDON British Chancellor George Osborne said he would give parliament the right to veto future appointments to run the country's Financial Conduct Authority, which has sweeping powers over the banking industry.

19 Apr 2016

As economy booms, children toil in Myanmar

 

YANGON When a boat stacked with gravel moors at a jetty in Yangon, 14-year-old Aung Htet Myat fills a basket he then carries on his back to trucks that whisk the load to construction sites springing up across Myanmar's booming biggest city.

19 Apr 2016

Volkswagen 'Dieselgate' software developed at Audi in 1999 - report

 

BERLIN German carmaker Audi created so-called defeat devices which cut emissions in 1999, years before parent company Volkswagen (VW) used them to cheat diesel emissions tests, German newspaper Handelsblatt reported on Tuesday.

19 Apr 2016

Bank of England's Carney hits back at critics over EU comments

 

LONDON Bank of England Governor Mark Carney hit back at critics who have accused him of venturing into politics with his comments that a vote to leave the European Union could hurt Britain's economy, saying it would be political for him to stay silent.

19 Apr 2016

Exclusive - Iran struggles to find enough ships for oil exports

 

LONDON Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes.

19 Apr 2016

Convicted boiler room conmen ordered to pay 11 million pounds by UK court

 

LONDON Two men who tricked hundreds of British investors into buying inflated or worthless shares in a 70 million pound "boiler-room" [problem] were ordered to pay just over 11 million pounds by a London court on Tuesday.

19 Apr 2016

Highlights - Bank of England's Carney speaks on Brexit, economy

 

LONDON Bank of England Governor Mark Carney was speaking to members of Britain's parliament on Tuesday about the country's membership of the European Union and the outlook for its economy.

19 Apr 2016

EU mulls crackdown on banks offshore tax advisers after Panama Papers

 

BRUSSELS European Union countries should consider taking tougher measures against banks and tax advisers who help their clients to hide money offshore, an EU Commission paper says.

19 Apr 2016

FTSE hits four-month high as miners rally

 

LONDON Britain's benchmark stock market index rose to its highest level in four months on Tuesday, lifted by stronger mining and banking stocks.

19 Apr 2016

Russia won't rush with structural reforms - PM

 

MOSCOW Russia needs economic reforms but should not rush them through, Prime Minister Dmitry Medvedev said on Tuesday, balancing reassuring words for business with promises to ease the economic pain for ordinary people.

[interestrateripoff]

Russia won't rush with structural reforms - PM

 

MOSCOW Russia needs economic reforms but should not rush them through, Prime Minister Dmitry Medvedev said on Tuesday, balancing reassuring words for business with promises to ease the economic pain for ordinary people.

19 Apr 2016

Stock Spirits urges shareholders to reject Western Gate proposals

 

LONDON Stock Spirits Group has urged its shareholders to vote against resolutions proposed by its top shareholder which it says would require significant extra spending along with the addition of more board members.

19 Apr 2016

EU Commission too lenient on Italy, France budgets - auditors

 

BRUSSELS The European Commission is inconsistent in how it applies fiscal rules requiring European Union states to keep budgets under control, EU auditors said on Tuesday, criticising the bloc's executive for being too lenient on Italy and France.

19 Apr 2016

Exclusive - How ChemChina tried to gatecrash Shell's BG mega-deal

 

LONDON Chemical giant ChemChina [CNNCC.UL] approached BG Group with a possible bid late last year, just as Royal Dutch Shell was preparing to close a $52 billion (36.11 billion pound) deal to buy the British energy company, seven banking and industry sources with knowledge of the matter said.

19 Apr 2016

As global steel crisis grips, China says March output was a record

 

BRUSSELS/BEIJING Under pressure to curb steel output and relieve a global glut, China said on Tuesday its production actually hit a record high last month as rising prices, and profits, encouraged mills that had been shut or suspended to resume production.

19 Apr 2016

German court rejects Adidas bid to block new Puma shoes

 

BERLIN A German court has rejected an attempt by Adidas to stop its smaller rival Puma from selling a new line of shoes with light-weight, bouncy soles similar to its popular "Boost" brand.

19 Apr 2016

Bank of Italy's Visco sees turning point in bad loan problem

 

ROME Italy might have reached a turning point in resolving its problem with non-performing loans, Bank of Italy Governor Ignazio Visco said on Tuesday.

19 Apr 2016

Indonesian airline Garuda signs 4 billion pound deal with Airbus, Rolls-Royce

 

LONDON Indonesian airline Garuda has signed a 4 billion pound deal with planemaker Airbus and engine-maker Rolls-Royce to upgrade 14 A330 aircraft to the newer A330neo version of the jet, the British government said.

19 Apr 2016

Spain targets slower deficit cut to preserve growth

 

MADRID Spain's caretaker government on Tuesday said it aimed to cut the public deficit this year and next at a slower pace than originally agreed with Brussels, after a wide miss on 2015 targets left it scrambling to plug a budget gap.

[interestrateripoff]

Volkswagen offers to buy back cars affected by emissions scandal

 

Senior district judge Charles Breyer said the payout would amount to "substantial compensation"

 

 

 

 

 

Super rich who hide money in tax havens to be unmasked

 

 

 

 

 

Even City bosses think executive pay is too high

 

 

 

 

 

 

 

 

UK Government 'willing to take 25% stake' in Tata steel

 

Tata Steel could be part-nationalised after the Government said it was willing to put in up to 25 per cent of the amount needed to rescue the beleaguered plant and save thousands of jobs.

 

 

 

 

 

Lloyds is cutting more than 600 jobs and shutting 21 branches

 

 

 

 

 

Losing the Champions League has hit Sky’s customer numbers

 

 

 

 

 

 

Three charts that show George Osborne's fiscal failure

 

Official borrowing data today confirms how comperhensively the Chancellor has missed his 2010 goals on debt and the deficit

 

 

 

 

 

 

Healthcare is now top industry for cyberattacks, says IBM

 

Over 100 million healthcare records were reportedly compromised in 2015

 

 

 

 

 

 

 

 

London has $248 billion in underground gold

 

A fifth of the world's gold is hidden under London, worth an estimated £172 billion ($248 billion).

 

 

 

 

 

 

Mitsubishi office raided in Japan as shares slide towards record low

 

The affected models are the Mitsubishi ek Wagon and ek Space, and the Nissan Dayz and Dayz Roox

 

 

 

 

 

 

 

 

The chart that shows Osborne has missed his latest borrowing target

 

Public sector borrowing in 2015-16 was £1.8bn more than the Chancellor's official forecaster predicted only last month.

 

 

 

 

 

 

House prices rise twice as fast as earnings over the Queen's lifetime

 

On average, house prices are nine times incomes across the UK and 20 times incomes in London and the South East

 

 

 

 

 

More than half of women fear their gender will hurt their career

 

 

 

 

 

McDonald’s is testing bigger and smaller Big Macs

 

 

 

 

 

 

Business news in brief: Thursday April 21

 

Mitsubishi's shares suspended; Sky customers growth slows in third quarter; UK retail sale experience continous decline

 

 

 

 

 

 

 

 

Workers championed by Trump turn their backs on him

 

Mr Trump has raised the situation of the Carrier air-conditioner factory in West Indianapolis during his campaign

 

 

 

 

 

 

Yukos shareholders suffer major blow to demands for compensation

 

Shareholders who had a stake in Yukos want $50 billion in compensation after Russian state seizure

 

 

 

 

 

 

 

Why would the Daily Mail want to buy Yahoo?

 

Yahoo has been looking for a buyer for its core business since February

 

 

 

 

 

The new Coke Zero that will taste ‘even more like Coke’

 

 

 

 

 

Google is a ‘partially dangerous’ website, Google says

 

 

 

 

 

 

Homes in car parks could be the answer to the housing crisis

 

ZED factory has approached Oxford City to trial up to 50 of the homes

 

 

 

 

 

 

 

The chart that shows workers are still £40 a week poorer than in 2008

 

Average weekly earnings were just £491 in February, according to the Office for National Statistics. Adjusted for inflation that's £40 lower than average earnings way back in March 2008

 

 

 

 

 

Rise in UK unemployment to 1.7m linked to the EU referendum

 

 

 

 

 

The supermarket products that cost the same while shrinking in size

 

 

 

 

 

 

Mitsubishi says employees falsified data on fuel economy tests

 

Shares in Mitsubishi Motors were down up to 16 per cent on Wednesday morning

[interestrateripoff]

UK ready to take stake in Tata Steel

 

 

 

 

The government says it is willing to take a stake of up to 25% in any rescue of Tata Steel's UK arm as part of a financial package worth hundreds of millions of pounds.

 

• 21 April 2016
  
• From the section Business
  

 

 

Related content

 

 

• Tata consortium 'confidence' over help
  
• Britain's steel industry: What's going wrong?
  
• Can UK steel be helped under EU rules?
  

 

 

 

 

 

 

VW reaches US deal in emissions scandal

 

Volkswagen to offer "substantial compensation" and car buy-back deals in the US as part of a settlement of the diesel emissions scandal.

 

• 21 April 2016
  
• From the section Business
  

 

 

Related content

 

 

• Peugeot raided by emissions investigators
  
• US sues Volkswagen over diesel car ads
  

 

 

 

 

 

Live Business Live: Sky leads FTSE 100 lower at close

 

All the latest business news live and as it happens.

 

• From the section Business
  

 

 

 

 

 

Peugeot raided by emissions investigators

 

• 21 April 2016
  
• From the section Business
  

 

 

SunEdison files for bankruptcy

 

• 21 April 2016
  
• From the section Business
  

 

 

Chancellor misses borrowing target

 

• 21 April 2016
  
• From the section Business
  

 

 

 

 

 

Pensioners 'face annuity sale risks'

 

• 21 April 2016
  
• From the section Business
  

 

 

Executive pay 'not fit for purpose'

 

• 21 April 2016
  
• From the section Business
  

 

 

Ladbrokes: Cheltenham 'worst in memory'

 

• 21 April 2016
  
• From the section Business
  

 

 

Bank account swaps 'picking up'

 

• 21 April 2016
  
• From the section Business
  

 

 

Mitsubishi Motors office raided

 

• 21 April 2016
  
• From the section Business
  

 

 

Draghi: Inflation could turn negative

 

• 21 April 2016
  
• From the section Business
  

 

 

 

 

Also in the News

 

 

 

Adele 'richest ever UK female musician'

 

• 21 April 2016
  
• From the section Business
  

 

 

 

 

Biscuits and wipes shrinking report says

 

• 20 April 2016
  
• From the section Business
  

 

 

 

 

Features & Analysis

 

 

 

Mitsubishi scandal

 

What exactly has Mitsubishi Motors done wrong?

 

• 21 April 2016
  
• From the section Business
  

 

 

 

 

 

‘Money in thy purse’

 

Shakespeare’s lessons for today’s business leaders

 

• 21 April 2016
  
• From the section Business
  

 

 

 

 

 

Telephone exchange

 

Should you swap your smartphone for a flip-phone?

 

• 21 April 2016
  

 

 

 

 

 

 

 

Money in spades

 

Revealing the unexpected styles of currency in history

[interestrateripoff]

• 
   
  Tata Steel Government offers to part-nationalise UK plants
   
   
  Ministers prepared to take minority stake of up to 25% and offer debt relief to private buyer, in effort to save business
   
  
  • Part-nationalisation How did a Tory government come to this?
    
  • Tate Steel buyout Welsh billionaire backs proposal
    
  • Steel industry How the crisis unfolded
    

   

   

  Government offers to part-nationalise UK plants

   

  [*]

  • 
     
    Executive pay Anglo American latest in FTSE 100 to face protest
     
     
     
    
    • Investor group Boardoom pay system not fit for purpose
      

     

     

    Anglo American latest in FTSE 100 to face protest

     

    [*] Housing market £1.5m Battersea power station apartments held back from sale

     

     

     

    £1.5m Battersea power station apartments held back from sale

     

    [*] Retail UK sales drop as shoppers cut back

     

     

     

    UK sales drop as shoppers cut back

     

  [*]

  • Lloyds Bank to axe 625 jobs and shut 21 branches
     
     
     
    Bank to axe 625 jobs and shut 21 branches
     
    
  • Car industry Mitsubishi share price crashes as officials raid offices
     
     
     
    Mitsubishi share price crashes as officials raid offices
     
    
  • EU referendum Brown calls for a more positive case to be made for staying
     
     
     
    Brown calls for a more positive case to be made for staying
     
    
  • Banks TSB calls for competition authority to help challengers
     
     
     
    TSB calls for competition authority to help challengers
     
    
  • Betting industry Bookies lose £60m after 'worst-ever' Cheltenham
     
     
     
     
     
    

   

  • 
     
    Emissions scandal All diesel cars tested in UK inquiry break limits when driven on road
     
     
    Official inquiry after VW scandal finds much higher nitrogen oxide levels than when vehicles are tested in laboratory
     
    
    • Volkswagen to buy back or repair nearly 600,000 vehicles in emissions scandal
      

     

     

    All diesel cars tested in UK inquiry break limits when driven on road

     

    [*]

     

    Mario Draghi defends ECB independence after German criticisms

     

     

     

    • Business live ECB leaves interest rates on hold – as it happened
      

     

     

    Mario Draghi defends ECB independence after German criticisms

     

   

[interestrateripoff]

• Government prepares to part-nationalise British steel sector
   
   
   
  
• 21 Apr 2016, 1:40pm Oil price builds on rally to hit five-month high
   
   
   
  
• 21 Apr 2016, 11:33am Deficit figures an embarrassment for George Osborne as he misses targets set last month
   
   
   
  
• 21 Apr 2016, 7:52am VW 'to buy back' emissions-cheating diesel cars in US
   
   
   
  
• 21 Apr 2016, 7:51pm Greek economy defies expectations by moving back into the black
   
   
   
  
• 20 Apr 2016, 2:37pm 'No reason to believe' UK cars affected by emissions scandal, says Mitsubishi
   
   
   
  
• 21 Apr 2016, 8:41am Brick maker Forterra joins the stock market in £360m listing
   
   
   
  
• 21 Apr 2016, 10:33am Birmingham to build 6,000 homes on green belt
   
   
   
  
• Eurozone will face negative rates for years, says Mario Draghi
  

[interestrateripoff]

Volkswagen Reaches Deal in U.S. Over Emissions Scandal

 

By JACK EWING 12:04 PM ET

 

 

Owners of hundreds of thousands of diesel cars in the United States will be eligible to have their vehicles bought back or fixed.

 

• Behind Volkswagen's Emissions Scandal
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

• Wall St. Is Down as Earnings Roll In 2:07 PM ET
  

 

Wall St. Regulators Propose Stricter Pay Rules for Bankers

 

By NATHANIEL POPPER 12:32 PM ET

 

The new rules would make executives wait at least four years to receive portions of their bonuses and force banks to find ways to claw back bonuses.

 

With Seattle Shelter Effort, Amazon Shows Glimmers of a ‘Good Neighbor’

 

By KIRK JOHNSON

 

The tech company is working with a nonprofit to temporarily house the homeless. City officials hope it’s more than a one-time act of civic-mindedness.

 

SunEdison Files for Bankruptcy Protection

 

By DIANE CARDWELL 11:06 AM ET

 

The renewable energy development company, which grew rapidly in recent years, said it aimed to shed assets to streamline its business.

 

Dish Network and Viacom Sign a Deal, Ending a Standoff

 

By EMILY STEEL 12:27 PM ET

 

A multiyear agreement for Dish to carry Viacom television networks like MTV is especially crucial for Viacom.

 

Hearing Aid Prices Under Pressure From Consumer Electronics

 

By ANDREW POLLACK

 

Less expensive and widely available devices can assist with hearing, but the hearing aid industry contends these products differ greatly from theirs.

 

Kelly Ripa’s Absence From ‘Live’ Points to Rancor at ABC

 

By JOHN KOBLIN 11:37 AM ET

 

Ms. Ripa, who was blindsided by the news of Michael Strahan’s departure from the show they co-host, said she will not appear on the show for the rest of the week.

 

• Curt Schilling Is Fired by ESPN
  

 

 

Behind Mitsubishi’s Faked Data, Fierce Competition

 

By JONATHAN SOBLE

 

The latest automaker scandal has focused attention on the company’s struggles in the brutally competitive Japanese microcar market.

 

E.C.B. Stands Pat at Meeting, but It Explores Next Options

 

By JACK EWING 10:36 AM ET

 

After a sweeping series of monetary moves in March, the European Central Bank paused to measure their impact before taking further steps.

 

No Anonymity for Plaintiffs Suing Ashley Madison Over Hack, Judge Rules

 

By CHRISTOPHER MELE

 

Forty-two plaintiffs suing over a hacking attack that revealed the personal data of millions of users will have to be publicly identified to proceed.

 

Former Journalist Steps In to Claim His Half of a Pulitzer

 

By MICHAEL M. GRYNBAUM

 

When he heard that his former employer, Sun Newspapers in Charlotte Harbor, Fla., had won for a series of editorials, Brian Gleason said he had written several of them.

 

 

 

• AEG Closer to Seizing New York Concert Industry With Bowery Deal
  
• Fierce Bidding War Erupts for French Retailer Darty
  
• Metropolitan Museum of Art Plans Job Cuts and Restructuring 13 minutes ago
  
• Whole Foods Says Customer Faked Anti-Gay Cake Slur 12:23 PM ET
  
• U.S. Jobless Claims Hit 42-1/2-Year Low as Labor Market Firms 11:39 AM ET
  

 

Earnings Reports

 

 

• Blackstone Profit Plummets in First Quarter
  
• G.M. Profits More Than Double 10:12 AM ET
  
• Strike to Pressure Verizon Earnings; Q1 Net Income Meets Estimates 9:24 AM ET
  
• Lazard’s Revenue Declines in Quarter
  

[interestrateripoff]

Pimco Economist Has A Stunning Proposal To Save The Economy: The Fed Should Monetize Gold

 

Europe Makes "Deal With The Devil", Panics After Deal Terms Have To Be Changed

 

"This Is The Most Crowded Trade in History"

 

Why Is The Stock Market So Strong?

 

How Can Older Workers Compete In An Economy That Values Youth?

 

US Government "Agrees In Principle" With Volkswagen's $10 Billion-plus 'Sorry-We-Cheated' Compensation Plan

 

UBS Warns "Beware The Bull Trap" As Breadth Breaks Down

 

The SUNE Finally Sets: SunEdison Files For Bankruptcy

 

Philly Fed Dead-Cat-Bounce Dies, Plunges Back Into Contraction

 

Initial Jobless Claims Crashes To Lowest Since 1973

 

Mario Draghi Explains Why QE 'Will' Work This Time - ECB Press Conference Live Feed

[interestrateripoff]

ECB Keeps Rates Unchanged, Says Corporate Bond Buying Has Begun: EUR Jumps

 

Sweden's Riksbank Unexpectedly Boosts QE To Weaken Currency; Krona Jumps

 

"This Is Going To Be A National Crisis" - One Of The Largest U.S. Pension Funds Set To Cut Retiree Benefits

 

George Soros Warns "China Resembles US In 2008", Hard Landing "Practically Unavoidable"

 

Does Saudi Arabia Have $750 Billion In Assets To Sell?

 

"Sleepy" ECB Preview: What Every Bank Thinks Draghi Will Do Tomorrow

 

The Shocking Reason For FATCA... And What Comes Next

 

The Cost Of Asylum: More Than 50% Of Sweden's Unemployed Are Foreigners

[interestrateripoff]

3 Reasons Interest Rates Will Stay Low Or Go Negative

 

Fighting Recessions With Hot Air

 

"We Are Taking Them To The Cleaners" - State Street Caught Stealing From Clients With Up To 1,900% Markups

 

Keynesian Central Bankers - Wrong From The Beginning, But No One To Stop Them

[interestrateripoff]

VW increases emissions bill to €16.2bn

 

 

 

 

Volkswagen sets aside billions more to cover emissions scandal costs as German carmakers agree to recall 630,000 diesels.

 

• 22 April 2016
  
• From the section Business
  

 

 

Related content

 

 

• Daimler begins emissions testing probe
  
• VW reaches US deal in emissions scandal
  
• Peugeot raided by emissions investigators
  

 

 

 

 

 

 

New £20 design and personality unveiled

 

Artist JMW Turner will feature on the new design of the Bank of England's £20 note to enter circulation in 2020.

 

• 22 April 2016
  
• From the section Business
  

 

 

Related content

 

 

• How money has been made
  
• Paper banknotes disappearing fast
  

 

 

 

 

 

Live Business Live: BHS denies rumours of administration

 

Troubled department store denies report that administrators have been appointed, as boss says its "business as usual".

 

• From the section Business
  

 

 

 

 

 

HSBC to change executive pay policy

 

• 22 April 2016
  
• From the section Business
  

 

 

All-day breakfast boosts McDonald's

 

• 22 April 2016
  
• From the section Business
  

 

 

Greece bailout talks make 'progress'

 

• 22 April 2016
  
• From the section Business
  

 

 

 

 

 

Uber settles over employee status row

 

• 22 April 2016
  
• From the section Technology
  

 

 

North Sea tax receipts slump to £35m

 

• 22 April 2016
  
• From the section Scotland business
  

 

 

House prices 'rise in UK's big cities'

 

• 22 April 2016
  
• From the section Business
  

 

 

Mitsubishi Motors scandal widens

 

• 22 April 2016
  
• From the section Business
  

 

 

Google and Microsoft drag on US markets

 

• 22 April 2016
  
• From the section Business
  

 

 

Alton Towers faces fine for Smiler crash

 

• 22 April 2016
  
• From the section Stoke & Staffordshire
  

 

 

 

 

Also in the News

 

 

 

German beer law celebrates 500 years

 

• 22 April 2016
  
• From the section Europe
  

 

 

 

 

Adele 'richest ever UK female musician'

 

• 21 April 2016
  
• From the section Business
  

 

 

 

 

Features & Analysis

 

 

 

Raising the roof

 

The sports ticket schemes that fund stadium building

 

• 22 April 2016
  
• From the section Business
  

 

 

 

 

 

From wetsuits to fine wines

 

Small firms enter the cloud

 

• 22 April 2016
  
• From the section Business
  

 

 

 

 

 

Mitsubishi scandal

 

What exactly has Mitsubishi Motors done wrong?

 

• 21 April 2016
  
• From the section Business
  

 

 

 

 

 

 

 

‘Money in thy purse’

 

Shakespeare’s lessons for today’s business leaders

 

• 21 April 2016
  
• From the section Business
  

 

 

 

 

 

Telephone exchange

 

Should you swap your smartphone for a flip-phone?

 

• 21 April 2016
  

 

 

 

 

 

Money in spades

 

Revealing the unexpected styles of currency in history

 

• 20 April 2016
  
• From the section Business
  

 

 

 

 

 

 

Our Experts

 

Is Obama’s pro-EU stance 'economically literate'?

 

UK trade with America is significant – how might it be affected if Britain leaves the EU?

21 April 2016

 

Kamal Ahmed Economics editor

What are Chinese firms buying overseas?

 

From the airlines industry to technology and pharmaceuticals, Chinese firms are buying up foreign brands. The BBC's Asia business correspondent Karishma Vaswani tells us why.

[interestrateripoff]

Bank of England unveils new £20 note design featuring JMW Turner

 

The artist was chosen from more than 29,000 nominees covering almost 600 eligible characters sent in by the public

 

 

 

 

 

Fresh doubts over £18bn Hinkley Point nuclear power station plan

 

 

 

 

 

My Week: Is this how the clever Mark Carney got his job?

 

 

 

 

 

 

 

 

Beijing named most expensive global city to rent in

 

The average distance that Londoners commute to work increased from 10.4 kilometres in 2001 to 11.2 kilometres in 2011

 

 

 

 

 

The 25 highest-paying companies in the US in 2016

 

 

 

 

 

HSBC gives in to shareholder pressure on pay

 

 

 

 

 

 

McDonald's sales up 5% thanks to all-day breakfast

 

McDonald's reported that sales at restaurants open for at least 13 months had risen 5.4 per cent in the first quarter of the year

 

 

 

 

 

 

6 brands using Prince's death for self-promotion

 

Prince's body was found in a lift at his Paisley Park recording studio in Chanhassen, Minnesota, on Thursday

 

 

 

 

 

 

 

 

Anglo American shareholders have revolted against the CEO's £3.4m pay

 

42% of the votes were against the pay award

 

 

 

 

 

 

Apple should pay 50% tax, according to co-founder Steve Wozniak

 

When asked if he thought Apple should pay 50 per cent tax, he said: "I think every company in the world should."

 

 

 

 

 

 

 

 

Silicon Valley kowtows before a repressive China

 

Whatever the truth about Twitter's new Greater China boss, the way US internet companies are leaning is very clear

 

 

 

 

 

 

Uber to pay $100m in a settlement deal to keep drivers as contractors

 

The settlement does not come without a significant amount of concessions for Uber.

 

 

 

 

 

Shell 'looking at selling Gabon oil fields worth $700m'

 

 

 

 

 

Hedge fund managers see wealth shrink as markets hit fortunes

 

 

 

 

 

 

Google-parent Alphabet says earnings have been hit by mobile costs

 

Over 1 billion people now access its Chrome web browser each month on mobile devices. But the company has to pay more to partners to reach people on their phones

 

 

 

 

 

 

 

 

Business news in brief: Friday April 22

 

North Sea tax receipts slump; HSBC overhauls pay policies; Peugeot office raided

 

 

 

 

 

 

 

Apple's online services go offline in China

 

Apple has said that it is looking to get service restored in what is its second largest market, after the US

 

 

 

 

 

 

 

Even City bosses think executive pay is too high

 

Nigel Wilson, Legal & General chief executive, David Tyler, Sainsbury's chairman, and Helena Morrissey, chief executive of Newton Investment Management, were among the members of the Executive Remuneration Working Group that compiled the report

 

 

 

 

 

Volkswagen offers to buy back cars affected by emissions scandal

 

 

 

 

 

UK Government 'willing to take 25% stake' in Tata steel

 

 

 

 

 

 

Lloyds is cutting more than 600 jobs and shutting 21 branches

 

The decision is part of plan to pare about 9,000 roles by 2017

 

 

 

 

 

 

 

Losing the Champions League has hit Sky’s customer numbers

 

The 12-month rolling rate at which customers left, known as churn, rose to 10.7 per cent in the UK and Ireland at the end of March, compared with 10.1 per cent a year earlier,

 

 

 

 

 

Three charts that show George Osborne's fiscal failure

 

 

 

 

 

Healthcare is now top industry for cyberattacks, says IBM

 

 

 

 

 

 

Business news in brief: Thursday April 21

 

Mitsubishi's shares suspended; Sky customers growth slows in third quarter; UK retail sale experience continous decline

[interestrateripoff]

• 
   
  Trump summer internship asks for $100,000 on charity auction website
   
   
  Published: 8:14 PM
  Trump summer internship asks for $100,000 on charity auction website
   
  
• 
   
  Austin Reed files notice for administration with 1,000 jobs at risk
   
   
  Published: 8:07 PM
  Austin Reed files notice for administration with 1,000 jobs at risk
   
  
• 
   
  Cameron could not have asked for more from Obama's Brexit warning
   
   
  Published: 7:42 PM
  Cameron could not have asked for more from Obama's Brexit warning
   
  

 

 

• 
  
  • BHS denies speculation it is close to collapse
     
     
    Published: 7:41 PM
    BHS denies speculation it is close to collapse
     
    
  • Curry restaurants in crisis as immigration rules keep out chefs
     
     
    Published: 7:30 PM
    Curry restaurants in crisis as immigration rules keep out chefs
     
    
  • Yours for $1: 58,429 deadweight tonne bulk carrier, one previous owner
     
     
    Published: 7:11 PM
    Yours for $1: 58,429 deadweight tonne bulk carrier, one previous owner
     
    
  • The Guardian view on a key week in the EU debate: Obama sends the right message
     
     
    Published: 6:52 PM
    The Guardian view on a key week in the EU debate: Obama sends the right message
     
    
  • Greek bailout deal talks constructive, say EU finance ministers
     
     
    Published: 6:34 PM
    Greek bailout deal talks constructive, say EU finance ministers
     
    
  • Business live Eurozone finance ministers hopeful on Greek deal - as it happened
     
     
    Published: 6:26 PM
    Eurozone finance ministers hopeful on Greek deal - as it happened
     
    

  [*]

 

 

• More countries sign up to anti-corruption code
   
   
  Published: 6:06 PM
  More countries sign up to anti-corruption code
   
  
• De Beers to leave London headquarters after almost century
   
   
  Published: 6:06 PM
  De Beers to leave London headquarters after almost century
   
  
• Warwick University calls on BP to open up archive on 'renewables'
   
   
  Published: 5:22 PM
  Warwick University calls on BP to open up archive on 'renewables'
   
  
• Volkswagen takes €16bn hit for diesel scandal as it makes €4bn loss
   
   
  Published: 5:18 PM
  Volkswagen takes €16bn hit for diesel scandal as it makes €4bn loss
   
  
• JMW Turner may be a safe choice for new £20 note – but it's deserved
   
  Jonathan Jones
   
  Published: 5:04 PM
  JMW Turner may be a safe choice for new £20 note – but it's deserved
   
  
• Interest rates could go negative, Bank of England's Vlieghe says
   
   
  Published: 5:04 PM
  Interest rates could go negative, Bank of England's Vlieghe says
   
  
• HSBC chairman says scandals show banks must raise standards
   
   
  Published: 4:51 PM
  HSBC chairman says scandals show banks must raise standards
   
  
• The eco audit Will real-world emissions tests clean up diesel cars?
   
   
  Published: 4:50 PM
  Will real-world emissions tests clean up diesel cars?
   
  
• Diesel crisis deepens as German brands recall 630,000 cars
   
   
  Published: 4:17 PM
  Diesel crisis deepens as German brands recall 630,000 cars
   
  
• JMW Turner to be face of next £20 note
   
   
  Published: 4:05 PM
  JMW Turner to be face of next £20 note
   
  
• Prince the businessman: a raconteur who bent the music industry to his will
   
   
  Published: 3:00 PM
  Prince the businessman: a raconteur who bent the music industry to his will
   
  
• All-day breakfast awakens McDonald's sales for a third consecutive quarter
   
   
  Published: 2:46 PM
  All-day breakfast awakens McDonald's sales for a third consecutive quarter
   
  
• Halt Hinkley Point until Brussels approves French state aid plans, Osborne told
   
   
  Published: 2:21 PM
  Halt Hinkley Point until Brussels approves French state aid plans, Osborne told
   
  
• Project Syndicate economists Time for debt reduction in Greece
   
  Mohamed El-Erian
   
  Published: 2:20 PM
  Time for debt reduction in Greece
   
  
• Lake District villagers fume at plans to erect giant electricity pylons
   
   
  Published: 1:25 PM
  Lake District villagers fume at plans to erect giant electricity pylons
   
  
• Waitrose’s ‘Chubby Grocer’ gets £1.9m golden goodbye
   
   
  Published: 1:03 PM
  Waitrose’s ‘Chubby Grocer’ gets £1.9m golden goodbye
   
  
• Market Forces blog Ted Baker shares jump nearly 5% on outlook hopes
   
   
  Published: 12:40 PM
  Ted Baker shares jump nearly 5% on outlook hopes
   
  
• Tata Steel: Welsh billionaire could plough own money into UK buyout
   
   
  Published: 12:14 PM
  Tata Steel: Welsh billionaire could plough own money into UK buyout
   
  
• Alton Towers owner pleads guilty over Smiler rollercoaster crash
   
   
  Published: 12:06 PM
  Alton Towers owner pleads guilty over Smiler rollercoaster crash
   
  
• Ad break Watch X-Men's Evan Peters and Green Lantern's Ryan Reynolds star in TV ads
   
   
  Published: 12:01 PM
  Watch X-Men's Evan Peters and Green Lantern's Ryan Reynolds star in TV ads
   
  
• Market Forces blog Melrose and Mitchells & Butlers lead FTSE 230 lower
   
   
  Published: 11:29 AM
  Melrose and Mitchells & Butlers lead FTSE 230 lower
   
  
• Resilient cities HullCoins well spent? City's 'Bitcoin for volunteers' offers a new way to pay
   
   
  Published: 11:04 AM
  HullCoins well spent? City's 'Bitcoin for volunteers' offers a new way to pay
   
  
• Anglo American accepts executive pay concerns after shareholder revolt
   
   
  Published: 10:44 AM
  Anglo American accepts executive pay concerns after shareholder revolt
   
  
• Labour’s ban on McDonald’s is no snobbery, it’s crucial support for its staff
   
  Abi Wilkinson
   
  Published: 10:29 AM
  Labour’s ban on McDonald’s is no snobbery, it’s crucial support for its staff
   
  
• Market Forces blog FTSE hit by slide in mining shares but Sainsbury boosted by upgrade
   
   
  Published: 9:52 AM
  FTSE hit by slide in mining shares but Sainsbury boosted by upgrade
   
  
• HSBC prepares for AGM shareholder resistance over executive pay
   
   
   
   
   
  

[interestrateripoff]

• VW delays report into emissions-rigging scandal as it unveils huge losses
   
   
   
  
• 22 Apr 2016, 1:15pm John Lewis hands its former "Chubby Grocer" a £1.2m pay-off
   
   
   
  
• 22 Apr 2016, 2:59pm Stricken shipping firm sells off its ships... for $1 each
   
   
   
  
• 22 Apr 2016, 3:53pm HSBC investors back pay but raise questions about Panama
   
   
   
  
• Gallery
  22 Apr 2016, 9:32am Gallery: You'll never guess which world city is the most expensive for renting a home
   
   
   
  
• China risks global 'steel war' as tempers flare
  
• Fines or prison for conspiring estate agents deliberately cutting off business for Rightmove or Zoopla
   
   
   
  
• 21 Apr 2016, 7:11pm Comment: Google doesn't deserve this meddlesome EU cleric
   
  Jeremy Warner
   
   
   
   
  
• 22 Apr 2016, 9:01am Premier Foods enters into 'relationship' with Japanese suitor Nissin
   
   
   
  
• 22 Apr 2016, 12:04pm Anglo American vows to listen to shareholder anger over exec pay
   
   
   
  
• 21 Apr 2016, 11:53pm House prices: Liverpool sees fastest rise as buy-to-let investors surge before deadline
   
   
   
  
• Interest rates could go negative, says Bank of England rate setter
   
   
   
  
• 22 Apr 2016, 4:32pm Baby boomers cash in £400m of property wealth - to pass down
   
   
   
  
• 21 Apr 2016, 7:51pm Greek economy defies expectations by moving back into the black
   
   
   
  
• 21 Apr 2016, 6:19pm Eurozone will face negative rates for years, says Mario Draghi
   
   
   
  

[interestrateripoff]

Cra-Z-Art Toy Jewelry Kits Are Found to Have High Lead Levels

 

By RACHEL ABRAMS 12:05 PM ET

 

 

New York State’s attorney general is urging a nationwide recall, and the federal Consumer Product Safety Commission has begun an inquiry.

 

 

 

Nicole Bengiveno/The New York Times

 

 

Menstruation Joins the Economic Conversation

 

By HIROKO TABUCHI

 

Businesses, lawmakers and advertisers, prodded in large part by calls for gender equality, have sought ways to make menstrual cycles less agonizing.

 

 

 

 

 

 

Foods Loaded With Sugar, Salt and Fat? Bring It

 

By STEPHANIE STROM 1:17 PM ET

 

As definitions of what’s healthy change, consumers are turning back to ingredients they once avoided, and manufacturers are rushing to catch up.

 

All-Day Breakfast Helps Lift McDonald’s Out of Its Slump

 

By STEPHANIE STROM 55 minutes ago

 

It was the third consecutive quarter of positive results for the company, suggesting that it may have turned the corner after a painful slide.

 

VW, Setting Aside $18 Billion for Diesel Scandal Costs, Reports Record Loss

 

By JACK EWING 1:30 PM ET

 

The automaker said it had lost $6.2 billion in 2015, and the German government on Friday ordered a recall of 630,000 diesel vehicles from VW and other automakers.

 

• Volkswagen Reaches Deal in U.S.
  

 

Apple Services Shut Down in China in Startling About-Face

 

By PAUL MOZUR and JANE PERLEZ

 

The iBooks Store and iTunes Movies were closed six months after they began in China, which had been more welcoming of Apple than other tech companies.

 

F.B.I. Director Suggests Bill for iPhone Hacking Topped $1.3 Million

 

By ERIC LICHTBLAU and KATIE BENNER 1:18 PM ET

 

Previously, the F.B.I. had been unwilling to say how much it paid to look into the iPhone of a gunman in the San Bernardino shootings.

 

• 48 Comments
  

 

Dell’s SecureWorks Has Lackluster Trading Debut

 

By LESLIE PICKER

 

The initial public offering ends a long drought of technology stocks coming to market.

 

Mushroom Suits, Biodegradable Urns and Death’s Green Frontier

 

By KATIE ROGERS 11:16 AM ET

 

A growing number of products rely on sleek design and online publicity to get people comfortable with an environmentally friendly death.

 

Al Jazeera Executive Files Bias Suit

 

By JOHN KOBLIN 50 minutes ago

 

Anand Gupta, the network’s former executive vice president of finance, filed a lawsuit asserting he wasn’t given a promotion and salary increase because of racial discrimination.

 

TV as New York Growth Industry: ‘Quantico’ Is Coming to Town

 

By PATRICK McGEEHAN 2:07 PM ET

 

The ABC series, which had been filmed in Montreal, will take advantage of a state tax credit and join a growing list of episodic shows being produced in the city.

 

 

 

• Wall St. Is Mixed, With Tech Companies Slumping
  
• Uber Settles Cases With Concessions, but Drivers Stay Freelancers
  
• Microsoft’s Cloud Business Falls Short of Investors’ Hopes
  
• Alphabet Earnings Disappoint as Google Ad Clicks Cost Less 12:42 PM ET
  
• Steinhoff Takes Larger Stake in Darty Amid Takeover Battle
  
• China to Develop Floating Nuclear Power Plants 1:06 PM ET
  
• G.E. Profit Tops Estimates