first_imgTuesday 21 October 2014 9:11 pm Top banks fined after Libor manipulation whatsapp THREE banks were yesterday fined after traders tried to manipulate Swiss franc derivatives and Libor, the European Commission announced.It is not thought that any cust­omers were actually harmed by the attempts to rig the market.UBS was fined €12.65m (£10m), JP Morgan €10.53m and Credit Suisse €9.17m over claims traders attempted to manipulate the spread on derivative products.RBS would have been fined €5m, but was given immunity for flagging up the problem to regulators.“Following discussions with the EU Commission, Credit Suisse has decided to settle this case, which relates to bid-offer spreads charged on short-term interest rate derivatives, in order to avoid lengthy legal proceedings,” said a Credit Suisse spokesman.JP Morgan was also fined €61.68m for alleged attempts to manipulate Swiss franc Libor. RBS would have been fined €110m, but again given immunity for whistleblowing.“RBS condemn the behaviour by a small number of employees identified in today’s announcement by the European Commission,” said RBS in a statement.“These offences were unacceptable and have no place in the RBS we are building. Once they were uncovered, management took swift action to notify our European competition regulator with the aim of quickly resolving this matter.”The settlements came after the EC’s wider investigation into Libor, which concluded late last year.Swiss regulators are still looking into claims of manipulation of the key interest rate benchmark. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tags: NULL whatsapp Show Comments ▼ Share Tim Wallace last_img read more

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Vodafone probe into allegation of fraud at Ono Kate McCannKate McCann is a reporter at City A.M. She covers politics and insurance and can be contacted at [email protected] whatsapp Share whatsapp Show Comments ▼ Vodafone has launched a probe to investigate an allegation of fraud at Ono, the Spanish cable company which the mobile phone giant took over in July this year. The allegation relates to a possible tax fraud in part of Ono’s business, which could have over-inflated the company’s profits ahead of the takeover deal, which was worth £6bn. Vodafone is understood to have blocked all payouts to Ono staff while the allegations are investigated by authorities in Spain. The reports point towards a small group of staff who supposedly traded international minutes via affiliate companies and avoided VAT payments in the process. A Vodafone spokesman confirmed that the group was looking into reports of tax fraud last night and added: “As soon as Vodafone became aware of the issue we instigated a forensic audit to investigate the facts relating to the alleged fraud. As this matter remains under investigation, we cannot comment further.”Former chairman of Ono Jose Maria Castellano, chief executive Rosalia Portela and chief financial officer Carlos Sagasta are no longer involved with the business. They had been in line to take away a share of £50m in bonuses following the successful takeover bid in July, payments, which have now been blocked.The fraud allegedly took place before Vodafone took over the company, but investigators will want to know why the transaction did not get flagged during the due diligence process as part of the takeover. Investigators in Spain are said to have informed Ono executives of the probe in June, before the deal was done. Tags: Company Vodafone Group Monday 27 October 2014 12:16 amlast_img read more

first_img whatsapp whatsapp Business leaders have hit out at David Cameron for opposing freedom of movement across the EU, warning yesterday that he is ignoring the real issues facing Britain.The Prime Minister has previously said that freedom of movement will be “at the very heart of my renegotiation strategy for Europe”, with his chancellor George Osborne hinting yesterday that the migration of EU citizens without job offers could be up for debate.Leading industry groups are keen for Cameron to push for strong reforms in Brussels, but yesterday the Confederation of British Industry (CBI) and Institute of Directors (IoD) slammed the PM’s priorities.“I am extremely concerned about the direction the current debate on immigration is heading and I know business leaders share this sense of unease,” CBI boss John Cridland told City A.M., adding that freedom of movement is a “fundamental part of the single market”.Allie Renison, head of Europe and trade policy at the IoD, added: “It’s rather self-defeating for David Cameron to make something as difficult to renegotiate as freedom of movement the seeming centrepiece of his EU reform agenda, particularly when it’s clear this is something which benefits British businesses.”Chief executive of The City UK Chris Cummings added that highly skilled EU migrants are “a huge benefit to the UK economy.” Show Comments ▼ Tags: UK immigration Kate McCannKate McCann is a reporter at City A.M. She covers politics and insurance and can be contacted at [email protected] Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com David Cameron criticised for wanting to restrict Europe immigration Monday 3 November 2014 9:05 pmlast_img read more

first_img whatsapp Weir Group share price falls as engineering firm plans to cut 350 jobs in efficiency drive Tags: Company Weir Group whatsapp Show Comments ▼ Sharecenter_img Engineering firm Weir Group will close five of its manufacturing facilities and cut around 350 jobs in 2015, the company announced yesterday in its third-quarter results. A group-wide review undertaken with the aim of identifying opportunities to reduce costs “while aligning resources globally to capture end market opportunities”. In addition to the plant closures, Weir plans to consolidate a number of its service centres, and make “other workforce reductions”. A spokesman said this would result in a reduction of headcount by about 350.Weir said in the interim statement that its full-year expectations were unchanged, with revenues and operating margins in line with third-quarter forecasts. Chief executive Keith Cochrane said: “While the global economic and end-market outlook remains uncertain, our strong competitive positioning enables us to continue to invest through the cycle to deliver sustainable, profitable growth. We’ve also continued to make good operational and strategic progress in the third quarter, taking actions to further improve efficiencies.” Weir’s share price fell by 3.4 per cent yesterday. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated ArticlesThe Best 80 Inch 4k TV For Under $2,000Top 10 Date Night In Movies & Films Of All Time10 Amazing RVs You Won’t Want To Missby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comYahoo! SearchResearch Car Donation For CharitiesYahoo! SearchThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorGameday NewsNBA Wife Turns Heads Wherever She GoesGameday News Caitlin Morrison More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Tuesday 4 November 2014 7:53 pmlast_img read more

first_img Tags: Company Tech City Zoopla Property Group Britain must do more to scale up tech firms says Love­Film and Zoopla investor Sherry Coutu whatsapp Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndocenter_img Sunday 16 November 2014 11:42 pm Britain is great when it comes to helping tech startups, but we lag behind many countries when it comes to scaling-up these comp­anies to reach their full potential, a report will reveal. The Scale-Up report is to be launched today at an event at Bloomberg’s London offices by its author, the investor and entrepreneur Sherry Coutu, who is also a non-executive director of the London Stock Exchange. The 12 recommendations, which she says would add £1 trillion to the economy by 2034, include making income tax and national insurance data available so that public and private sector organ­isations can identify these firms, and that Gov­ern­­ment-funded bodies should review how they back them financially. Coutu, who also invested in Love­Film and Zoopla, told City A. M.: “Brit­ain is very, very good at getting startups going, but the real prize comes getting further down the road. That’s how you get the next Google or Apple.” She added: “One thing we are finding is that companies cannot accept customers’ orders because they just don’t have the workers with the right skills. We need to send role models into schools and universities to inspire pupils and students.” One way to overcome the shortage, Coutu said, would be to have a fast-track visa system. “We need to cut the time it takes to get visas to work in this country,” she said. “Otherwise, companies run the risk of losing the skilled worker – who will opt for another country. In Canada, for instance, it takes only 15 days to get a visa, compared with weeks in the UK.” THE 12 RECOMMENDATIONS■ National data on scale-ups should be made available by central government to enable support to be better targeted. ■ Public bodies should be evaluated on how well they are helping scale-ups. ■ Public funding programmes should be further geared towards scale-ups. ■ A minister supported by an industry task-force should be made responsible for reversing the “scale-up gap” that the UK currently faces. ■ The Department for Education and Local Enterprise Partnerships should assist in connecting scale-up businesses with students as potential employees. ■ Local governments, colleges and universities should assist scale-up companies in developing and acquiring the talent they need. ■ Companies should be able to apply to the Home Office for a newly created “scale-up visa” that allows them to bring in specific personnel from overseas. ■ Public learning syllabuses/initiatives should ensure effective understanding of what it takes to scale up. ■ Government should use its convening power to help raise the profile of scale-ups and their leaders. ■ The UK Listing Authority, HMRC and the UK Border Authority should report on their regulatory efficiency broken down by Local Enterprise Partnership, and in relation to regulatory peers in other countries to delay drag on regulation. ■ Government and industry must continue to work together to close the finance gap for fast-growth companies. ■ Government and industry must work together to give access to infrastructure on a flexible and timely basis.  Joseph Millis Share whatsapplast_img read more

first_img whatsapp Tuesday 16 December 2014 8:55 pm whatsapp AMERICAN private equity giant Cerberus has agreed to buy two portfolios of distressed property loans for £2.3bn as it looks to up its exposure to the UK and Irish markets, it emerged yesterday.Cerberus struck deals to take on a £1.2bn portfolio of commercial property loans from National Australia Bank and a £1.1bn portfolio of Irish commercial real estate loans from RBS. The deals follow quickly on the heels of the US buyout specialist’s £680m purchase of Nationwide’s UK commercial property loan portfolio last week.With banks looking to de-risk their loan books from the sector, private equity firms and hedge funds have become increasingly keen on the long-term recovery prospects of debt secured against regional real estate assets. Mathieu Roland-Billecart, real estate corporate finance partner at Ernst & Young, told City A.M.: “There have been quite a lot of transactions of this nature over the last four years. It’s driven by the banks trying to reduce their exposure to the real estate market.”“There is risk to it. It’s more risky than buying property, because you’re buying the loan and therefore you need to convert to the property. So there’s more skill in it, but it’s well within the capabilities of the large private equity groups,” he added.Along with buyout rivals Lone Star, Oaktree and Kennedy Wilson, the Steve Feinberg-founded Cerberus has been one of the biggest acquirers in the sector. “Cerberus has been one of the most active buyers of this kind of portfolio. It gives them an ability to complete quite large transactions and provide quite a strong risk-adjusted return with some good exposure to the real estate sector,” said Roland-Billecart. Commenting on the deal, Cerberus told City A.M.: “We look forward to managing this important portfolio.” Cerberus takes a £2.3bn bite of property loans Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndoElvenarAdvertisement If You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarUndoBeach RaiderDo You Agree That She’s The Most Beautiful Woman In The World?Beach RaiderUndoThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickUndocenter_img Share Show Comments ▼ Express KCS More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULLlast_img read more

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementElvenarIf You Like to Play, this Fantasy Game is a Must-Have. No Install.ElvenarNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniors Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap whatsapp Share The White Company is firmly in the black with rise in earnings Sunday 11 January 2015 11:24 pmcenter_img Express KCS Show Comments ▼ Luxury homeware brand The White Company enjoyed a 14 per cent increase in sales in the year to 29 March 2014 and reported a pre-tax profits of £6.7m, up 40 per cent from £4.6m. The brand, which sells high quality household accessories in white, made its first step into the US last year, launching an international website. Back on this side of the pond, it has fifty shops in the UK including six concessions and opened nine new stores during the year, which contributed to 14 per cent of the overall revenues. Despite the international expansion, 94 per cent of sales come from the UK. The directors, led by founder Chrissie Rucker, said they were pleased with the performance, particularly in light of difficult trading conditions in the UK but did not recommend a dividend for the year. The White Company celebrated its 20th anniversary last year, having been set up by Rucker when she was unable to find good quality, white bed linen. Having started out as a 12-page mail order brochure, the somewhat niche brand has become a staple on the UK’s high streets. whatsapp Tags: NULLlast_img read more

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GamePost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun Express KCS whatsapp Bankof England (BoE) governor Mark Carney yesterday said that falling oil prices were a negative shock to the Scottish economy. “While it is a net positive to the UK economy – the change in the oil price – it is a negative shock to the Scottish economy,” Carney said. However, Scotland’s economic fortunes are reassured by the fact that it chose to remain part of the UK.“But it is a negative shock to the Scottish economy which is substantially mitigated by the fiscal arrangements that exist in the UK – the automatic stabilisers that exist – less revenue taken out of Scotland, more spending into Scotland. And by the nature economic and financial union that exists in the UK,” Carney said.The discussion came as part of the Treasury Select Committee hearing – a chance for MPs to grill those responsible for regulating financial markets. The price of Brent crude oil – extracted from the North Sea – was $47 per barrel yesterday. Brent crude was over $110 per barrel just seven months ago.Around 10 per cent of Scotland’s economic output is from the energy sector, according to estimates from economic consultancy Lombard Street Research.About three per cent of Scottish tax revenues also come from the energy sector. Carney also said that this was his personal view and that the BoE did not produce Scotland-specific forecasts.Carney was joined by Dame Clara Furse, Sir Jon Cunliffe and Martin Taylor of the BoE’s financial policy committee (FPC). The committee members were also asked about a conflict of objectives between the monetary policy committee – which uses interest rates to control inflation – and the FPC – which uses capital requirements to ensure financial stability. Steve Baker MP said that if low rates led to financial excesses, the regulatory response would be unclear. Share Show Comments ▼ whatsapp Wednesday 14 January 2015 8:28 pm Tags: Mark Carney Oil prices People Mark Carney: Scotland can ride oil price drop thanks to Union last_img read more

first_img ECB QE pushes S&P 500 into positive for the year Show Comments ▼ whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Draghi’s decision to unleash his biggest “bazooka” has helped push the S&P 500 into positive for this year.The US blue-chip index erased its losses for the year jumping 1.6% to 2,063.98 points in a late-afternoon rally on Thursday. Meanwhile, the Nasdaq also erased its losses for the year, rising 1.8 per cent to 4,750.62 points. The S&P 500 suffered at this start of this year as investors sold off energy and financial stocks, dragging the index below 2,000 points.But earlier today the European Central Bank revealed a €60bn-a-month quantitative easing programme, which it hopes will drive growth and boost paltry inflation rates in the Eurozone.Eurozone investors cheered bond-buying package, which beat market expectations, and the Euro Stoxx 600 closed up 1.66 per cent at 364 points. The Euro fell to a new 11-year low against the dollar. Jessica Morris Share Thursday 22 January 2015 3:36 pm whatsapp Tags: Mario Draghi People Quantitative easing Standard & Poor’slast_img read more

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com ashley.kirk Share whatsapp As the Holborn fire knocked out much of central London’s power supply yesterday, many Londoners experienced disruption as 2,000 people were evacuated from the nearby area.But its borough, Camden, is not even one of the 10 worst London boroughs for fires in 2015.  Tower Hamlets is the worst, with the fire service being called out to 153 incidents in the first two months of 2015. Southwark and Westminster also had a high number of callouts – with 130 and 125 fire incidents respectively. Tower Hamlets is also the worst area for arson. In January and February 2015, 50 fires were started deliberately in the borough. Southwark, again, was second – with 33 deliberate fires started in the borough.After that, arson is more common outside Central London, with Bromley and Enfield having a disproportionately high amount of deliberate fires.In all, the total number of fires the London Fire Brigade was called out to in January and February decreased slightly between 2014 and 2015. The service was called out to 2,568 fires in the first two months of 2014, compared with 2,420 in 2015, according to data released by the London Fire and Emergency Planning Authority. See the map below for the worst boroughs in London – toggle the layers to switch between all fires and those which are deliberate.  Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoComedyAbandoned Submarines Floating Around the WorldComedyUndoGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressUndoMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.comUndocenter_img Thursday 2 April 2015 4:37 am whatsapp Tags: NULL Show Comments ▼ London’s fire hotspots: Tower Hamlets is the worst borough for fire engine callouts last_img read more