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Feb 12, 2012

FINANCIAL TIMES News, Feb 12, 2012

China tells banks to roll over loans
Financial Times
Since the principal on many of the loans is not repayable, banks have started extending maturities for local governments to avoid a wave of defaults, bankers and analysts familiar with the matter told the Financial Times. One person briefed on the plan ...
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Nigeria power rates to rise up to 88%
Financial Times
The proposed new rates, seen by the Financial Times, will be announced in the coming weeks, before the privatisation of 18 state-run power generation, distribution and transmission companies this year. But the move is likely to cause controversy, ...
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Behind closed doors at Soho House
Financial Times
The Financial Times can reveal that the holding company for the Soho House network of companies was groaning under net debt of £181m before he arrived on the scene, leading financiers to regard his involvement as a restructuring deal to refinance a ...
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Sale rumours hit morale at Lotus
Financial Times
“As management today, our plan as Proton and Lotus is to continue the business plan based on what we did before, unless the new shareholder comes in and tells us what to do next,” Dato' Sri Syed, Proton's managing director, told the Financial Times.
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Iberdrola backs subsidies freeze on renewables
Financial Times
“It makes no sense,” Mr Galán said in an interview with the Financial Times. “Spain is installing the most expensive technologies in Europe instead of looking for those which are cheapest.” Analysts said Iberdrola's backing of the suspension of clean ...
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Access to junk bond market revives LBOs
Financial Times
“We know we are very leveraged and we are painfully aware of what happened in the [US] housing market,” Tony Hull, Realogy's chief financial officer, told the Financial Times. The bond sale “was one of many steps that allows us to improve our balance ...
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Bankers arrested in UK tax fraud probe
Financial Times
“This investigation relates to the actions of the people arrested in relation to their own financial affairs and is not connected to the business activities of the banks,” the tax authority stressed. RBS said: “We will co-operate with the authority in ...
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Tensions run high at St Paul's Occupy camp
Financial Times
Dozens of Occupy protesters who spoke to the Financial Times voiced accusations about everything from the provision of blankets to financial management. “I'm very angry,” said Tom Morris, 26, one of a dwindling band of about 100 protesters who still ...
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Libya on alert after warning from Gaddafi's son
Financial Times
Mr Khayal told the Financial Times last week that Tripoli would reconsider its ties to non-Arab African nations, which many Libyans believe wholeheartedly supported the previous regime. The Niger government spokesman acknowledged that Mr Gaddafi's ...
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Glimmer of hope for Mexican telecoms
Financial Times
With Televisa holding half the company's shares, “it would give Iusacell an injection of oxygen” needed to keep growing, he told the Financial Times. Mr Piedras of the CIU agrees. With Televisa's involvement formalised, it would bring one of Mexico's ...
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Murdoch flies to UK after Sun arrests
Financial Times
“Today we are facing our greatest challenge,” said Tom Mockridge, who replaced Rebekah Brooks as chief executive of News International last year, in a memo to staff at the UK newspaper unit that owns The Sun, The Times and the SundayTimes.
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Financial Times
If profits rise, it's thanks to bankers' talent; but if they fall, it's not ...
The Guardian
Another week, another bonus row – this time for Barclays boss Bob Diamond, who testily refused to say whether he would be taking a payout when the bank announced less than sparklingfinancial results on Friday. Unlike RBS, where Stephen Hester...
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The Guardian
Henderson lifts public profile after acquisitions
Financial Times
We are two or three times the size of where we were in UK retail,” says Mr Jacob, a tough-talking American who looks after equities, fixed income, global distribution, operations and IT. Mr Jacob's confidence is driven by Henderson's acquisition-led ...
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Lancers Capture Chesterfield Town's Highest Honour
Chesterfield Post
A survey out today has highlighted what's been termed 'a ticking timebomb' for people's long term financial future More... Readers of a nervous disposition might want to look away now. A giant spider has taken up residence in the ringing chamber at ...
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Chesterfield Post
Obama Does What?
The Moderate Voice
Other verbs of note: Sacramento Bee, “gives ground”; San Diego Union-Tribune, “revises”; Cleveland Plain Dealer, “eases”; Tampa Bay Times, “yields”; Fort Worth Star-Telegram, “finds compromise”; the Akron Beacon Journal, “reverses”; the Financial Times ...
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Republicans question Legislature's budget decisions
Fort Worth Star Telegram
Other states regularly use such accounting methods to balance budgets in hard times, essentially betting that they can make up the difference when revenue improves. "You're simply using money from better financial times to help in tough financial times ...
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Fort Worth Star Telegram
DFW investors learn the unspoken risks of betting on death
Fort Worth Star Telegram
By Barry Shlachter Half-jokingly, Brian Pardo was introduced as long-winded at an alternative-investment forum in downtown FortWorth last month. No misrepresentation there. The 69-year-old CEO plodded through a detailed history of his company, ...
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Fort Worth Star Telegram
ABC circulation figures show price matters – and a bright idea helps too
The Guardian
But it's still a good example of what a bright print idea can achieve – if you only charge 20p a time. Over in the world of plump and pink, there's the FT – at £2.50 per weekday and £3 on Saturday, prices rammed up through 2011 as the joys of digital...
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The Guardian
Hogansburg Catholic church most likely to close
WatertownDailyTimes.com
Father Cline, who also is pastor of St. Joseph's Church in Bombay and St. Mary's Church in Fort Covington, started to seriously look at the issue when he was assigned to the churches two years ago. “Right away, I noticed thefinancial issues and the ...
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Keeping the Berlin Airlift legacy alive
Wilkes Barre Times-Leader
Bill Starr of Wyoming is a foundation first officer and some timesco-pilot on flights to air shows. Pilot Bill Starr of Wyoming in the cockpit of his Grumman Tiger inside the hangar at the Wyoming Valley Airport in Forty Fort.
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Wilkes Barre Times-Leader
Loss of funding has changed the face of mental health, substance abuse services
Enid News & Eagle
It provides in-patient acute-care services at its 43-bed psychiatric hospital atFort Supply for 10 additional counties. The Lighthouse Substance Abuse facility in Woodward, with 26 beds, accepts patients from anywhere in the state.
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Broward commissioners look to save library eatery
Sun-Sentinel
By Mike Clary, Sun Sentinel For most of the 15 years she has run a restaurant in Fort Lauderdale's downtown library, Ymelda Luna Singh said business was as robust as the portions she served. But a combination of factors, including a sagging economy, ...
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Earnings in spotlight again, traders look to slew of results from resource group
CanadianBusiness.com
By Malcolm Morrison, The Canadian Press | February 12, 2012 TORONTO - Traders will be looking to another heavy slate of earnings from corporate Canada this week, with results largely concentrated in the financial, mining and energy sectors — the three ...
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OUT YONDER: Women in Civil War not like the movies
San Angelo Standard Times
Most Americans today view the South like it was portrayed in the Mitchell film — Scarlett O'Hara in her finest silk gowns, attended by handsome young men in splendid uniforms begging for her attention. Scarlett was from the Southern gentry, ...
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Sudanese general Mohamed al-Dabi resigns after monitors were widely criticised ...
FuelFix (blog)
You can read more energy news from the Financial Times at www.ft.com/companies/energy. Mike Foster: The video clip being discussed was in relation to Josh Fox's reporting on a water well in Weld... Mike Foster: I donated a $100.00 to the site and I ...
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State spends millions for 202 new jobs
Milwaukee Journal Sentinel
By Kathleen Gallagher and Mark Johnson of the Journal Sentinel A state-subsidized investment program yielded huge returns for three out-of-statefinancial firms and their partners while netting just 202 new jobs for Wisconsin, at a cost of more than ...
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Any boost to Indy for hosting Super Bowl 2012 might be only short-term ...
Indianapolis Star
Justin Ross, professor of public finance and economics at Indiana University, said that even in the short term, Super Bowls are usually only a break-even affair, if that. "The consensus opinion is that Super Bowls do not produce economic benefits and ...
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Colin Woodard: Regionalism: United we stand?
Lewiston Sun Journal
In contentious times like ours, the Founders are regularly summoned from their graves to provide direction. If we could only recognize and embrace their instructions, the candidates argue, then we could find our lost sense of common purpose, ...
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Appleby | Cayman Financial Review - Taking The Softly Softly Approach (Sabrina ...
Linex Legal (press release) (registration)
In the turbulent times post 2008, advisers to Cayman Islands funds were increasingly asked to come up with solutions for funds which, whilst solvent and continuing to trade, had encountered liquidity issues with their underlying invest- ments and ...
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Fuel Fix » Calls for joint peacekeeping force in Syria
By FT.com - Energy
Posted on February 12, 2012 at 12:48 pm by FT.com - Energy in. Tweet ...Read more from Financial Times ... You can read more energy news from the Financial Times at www.ft.com/companies/energy. ... Share your news, tips and memos ...
Fuel Fix
Money, like hat-wearing, depends on convention ... - Financial Times
News; Quotes .... I wear a tie today not because I want to, or because anyone requires me to, or because I think that it is right that I should do so, but because ... Please don't cut articles from FT.com and redistribute by email or post to the web.
www.ft.com/.../84a323d0-50ba-11e1-8cdb-00144feabdc0.ht...
Good News: The Financial Times Is Bearish On Gold | The Daily ...
The Financial Times is out with reporting titled Investors beware gold's ...Gold was down 2% today in New York trading on the heels of a better-than-expected ...
dailycapitalist.com/.../good-news-the-financial-times-is-bearish...
Police defend EU arrest warrants - FT.com - Financial Times
All times are London time. Financial Times. News; Quotes; News; Quotes.... told the Financial Times that withdrawing from the warrant would force police to ...
www.ft.com/.../228609b4-50f2-11e1-939d-00144feabdc0.ht...
Financial Times: Mexico Tourism Breaks Record with 1 Million ...
31, 2012 /PRNewswire-USNewswire/ -- The following is being releasedtoday by Marca Pais -- Imagen de Mexico: A recent article in the Financial Times ...
www.prnewswire.com/.../financial-times-mexico-tourism-brea...
Guest post by Vladimir Putin: Russia needs ... - Blogs - Financial Times
beyondbrics, from the Financial Times, brings news and comment from more ... What we see today would have seemed like science fiction only fifteen years ago.
blogs.ft.com/.../guest-post-by-vladimir-putin-russia-needs-mor...
ABC and Univision consider English news channel - Financial Times
Walt Disney's ABC News arm is in talks with Univision Communications, the largest Spanish-language US ... ft.com/frontpage. UK ... All times are Londontime ...
www.ft.com/.../8cd7f1ca-5119-11e1-8cdb-00144feabdc0.htm...
When good news is good and so is bad news - FT ... - Financial Times
Financial Times .... When good news is good and so is bad news ... this reason, markets often have a Smiths-like lugubrious reaction to positive economic news.
www.ft.com/.../af9006b4-4e6a-11e1-aa0b-00144feabdc0.html
Tax take doubles from business probes - FT.com - Financial Times
Financial Times. ft.com > UK >. Business. News; Quotes; News; Quotes... Alphaville · beyondbrics · Portfolio · Special Reports · In depth · Today'sNewspaper ...
www.ft.com/.../a4eb827e-4d93-11e1-bb6c-00144feabdc0.htm...
Bar raised for better payrolls news - FT.com - Financial Times
Financial Times .... NFPs to deliver good news, after this week's improving global manufacturing surveys and other labour market data boosted investor hopes.
www.ft.com/.../6a391a44-4d7d-11e1-b96c-00144feabdc0.ht...
The logic of a Thomson Reuters takeover of the Financial Times
Let me follow a rumor in real time … My lunch companion, a senior executive at Thomson Reuters ... at Thomson Reuters, they might use the Financial Times.
www.guardian.co.uk/.../logic-of-thomson-reuters-takeover-fin...
From the Financial Times
It's the same thing in any sport you do, you have to be ready at any giventime and the most prepared people always win," Phelps said.
in.reuters.com/.../olympics-swimming-phelps-idINDEE8170G...
'The Economist' And 'Financial Times' Already Writing Off ACTA As Dead
That sequence of events, culminating in today's news that Germany, too, ...The Economist and Financial Times, would both go much further than simply noting ...
www.techdirt.com/.../economist-financial-times-already-writin
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