Today: FINANCIAL TIMES News, Oct 02, 2011

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Oct 2, 2011

FINANCIAL TIMES News, Oct 02, 2011


Rally ebbs on fears of eurozone discord
Financial Times
Commodities and stocks have rallied in the hopes that eurozone officials are ironing out their differences in how to bail-out Greece and other troubled debtors, though that rally lost steam after a report in the Financial Times that there were still ...
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Financial Times
* Chaoda, Fidelity execs accused of insider trading
Financial Times (blog)
ING is selling its stake in Brazil's insurance group SulAmerica in a deal that is likely to be worth at least $1bn, people close to the transaction told the Financial Times, sparking a fierce bidding war in the fast-growing Brazilian market, the FT ...
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Explaining Gold Investment to Your Financial Advisor
BullionVault
HAVING TROUBLE explaining to your financial advisor why you might want to make a Gold Investment today? asks Adrian Ash at BullionVault. (A version of this article first appeared this week in the Financial Times' FT Advisor. ...
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JPMorgan chief lashes out at Mark Carney over bank reform: FT
Financial Post (blog)
According to the Financial Times, Jamie Dimon of JPMorgan Chase launched a tirade at Mark Carney, Bank of Canada governor, in a closed-door meeting in front of more than two dozen bankers and finance officials. Mr Dimon's beef was new capital rules ...
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Soros: Euro Zone Needs Common Treasury, Other Remedies -FT
Wall Street Journal
... must act fast to regain the control they've lost over financial markets, or the result is likely to be a second Great Depression, hedge fund investor George Soros warned Thursday in an opinion essay published online by the Financial Times. ...
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Anonymous Analytics on targeting a company's share price
Financial Times (blog)
Financial Times: Why have you decided to look to corporate activism as well as political? Anonymous Analytics: It's the logical next step. We think we may have something to contribute here.FT: Is this move related to the Wall Street “occupation” which ...
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UBS chief left after clash on strategy: FT
Reuters
(Reuters) - UBS AG's chief executive Oswald GrĂ¼bel's resignation came after the bank's board refused to support his plan to overhaul the bank's strategy and corporate governance, The Financial Times reported on Sunday. Citing two people involved in the ...
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Reuters
Royal Bank of Scotland Faces SEC Loan-Document Probe, FT Reports
Bloomberg
The SEC is investigating whether banks misled shareholders about how many loans they might be forced to repurchase because of early defaults, the Financial Times reported. Regulators are also investigating whether lenders had enough reserves to fund ...
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Ireland: a reality check
Financial Times
But today, as I prepare to leave Ireland after 17 years as the Financial Timescorrespondent, I reflect on my double good fortune at having bought before prices went mad and having sold before the crash of 2007. Not everyone was so lucky. ...
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Financial Times
Europe close: Rally stalls
ShareCast
The Financial Times (FT) claims that as many as seven of the Eurozone's 17 members are petitioning for private creditors to take a bigger "haircut" - a reduction in the redemption value of bonds - on their Greek bond holdings than previously indicated. ...
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Cognetas investors reject portfolio sale
Financial Times
Patrick Eisenchteter, managing partner of Cognetas, told the Financial Times that the investor advisory board, which is made up of eight key investors, had assessed a third-party offer and rejected it. The UK private equity group had proposed buying ...
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FT: Why Fed's Rate Policy Isn't Working
NewsMax.com
However, the Financial Times reports that the efforts aren't working because the US economy is “bifurcated.” Operation Twist, the Chicago Tribune explains, will shift $400 billion on the Fed's balance sheet from short-term to longer-term securities. ...
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Barroso comments boost euro
Financial Times
The single currency lost ground after a report in the Financial Times revealed a split had opened in the eurozone over the terms of Greece's second €109bn bail-out with as many as seven of the bloc's 17 members arguing for private creditors to take a ...
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New transaction tax would drive trade in derivatives from Europe
Financial Times
However, a draft European Commission impact assessment of the planned levy, seen by theFinancial Times, underlines the dangers of driving business away from the EU, raising costs of capital and damaging the economies of the 27 member states. ...
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P&G cuts senior management posts
Financial Times
Bob McDonald, P&G's chairman and chief executive, told the Financial Times that P&G was also examining possible broader changes after several quarters in which its profit margins and share price have stagnated, while analysts clamour for it to shift ...
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Financial Times
Big audit firms face Brussels onslaught
Financial Times
“Auditors play an essential role in financial markets: financial actors need to be able to trust their statements,” Mr Barnier told the Financial Times. “There are weaknesses in the way the audit sector works today. The crisis highlighted them. ...
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Financial Times
Financial Times News App (for HP Printers)
PC Magazine
Prints headlines and summaries of stories from the Financial Times. Can print any category or categories of stories. Doesn't offer paper- or ink-saving options. The Financial Times News App lets you print headlines and story summaries that you can read ...
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Poorer children close education gap
Financial Times
By Chris Cook, Education Correspondent Poorer children closed the educational achievement gap on children from wealthier backgrounds during Labour's last term of office, according to a comprehensive Financial Times analysis of exam results achieved by ...
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Financial Times
Eurozone split over Greece's bailout term: FT
MarketWatch
... are divided over the terms of Greece's second 109-billion-euro ($148 billion) bailout package amid mounting concerns that Greece's funding needs have risen significantly over the past couple of months, the Financial Times reported Tuesday. ...
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Squeeze on developers cheers China
Financial Times
In interviews with the Financial Times, two officials said that tightening measures over the past year had been aimed at choking off credit flows to poorly managed developers in China's unruly housing market. “There are some developers who are facing ...
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Financial Times
Prestowitz: What counts as China bashing?
Foreign Policy (blog)
The lead editorial in today's Financial Times -- "China bashing is back with a bang" -- condemns the Senate for scheduling a likely yes vote next week on a bill that would enable imposition of countervailing duties to offset the subsidy to imports from ...
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Foreign Policy (blog)
HP close to securing control of Autonomy
Financial Times
By FT reporters Hewlett-Packard could win control of Autonomy this weekend or Monday, three people involved in the pending transaction have told the Financial Times. The world's largest maker of computers by revenue said in regulatory filings this week ...
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Financial Times
Greeks warned protests could derail bail-out
Financial Times
Andreas Georgiou, chairman of Elstat (Hellenic Statistical Agency), told the Financial Times on Friday that he could not provide the figures needed to finalise the 2012 budget because of the walk-out. “We will miss tonight's deadline for sending final ...
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Financial Times
Merkel warns Athens of threat to rescue deal
Financial Times
Her warning coincided with a Financial Times report that Germany and other eurozone countries were arguing for private creditors to take a bigger writedown on their Greek bonds, to fill a widening Greek financing gap. Although banks are strongly ...
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BNP Paribas rules out external help
Financial Times
He acknowledged to the Financial Times that money market funds “have reduced the amount [of funding] and shortened the maturities” but he said they were still providing more than €30bn ($40bn) and BNP had no need to tap the ECB for dollars. ...
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Financial Times
Google TV - To be Announced this Week at Google's I/O conference
APP Market
Both the Financial Times (FT) and the UK Times covered the upcoming Google TV launch today, expected to be announced at Google's I/O conference on May 19th, in San Francisco. The techology is allegedly powered by Android and Intel's chips, ...
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Facebook under pressure over privacy -FT
Reuters
LONDON, Sept 30 (Reuters) - Facebook faces regulatory scrutiny in Ireland, site of its European headquarters, over its handling of personal information, the Financial Times reported on Friday. The newspaper said the Irish data protection commissioner ...
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Warning over 'cautious' funds
Financial Times
In a survey conducted by the Financial Times and Skandia, the investment group, more than 90 per cent of independent financial advisers said consumers could misunderstand what was meant by “cautious” – but 80 per cent said the planned renaming of the ...
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UK authority considering ENRC board application -FT
Reuters
L), the Financial Times reported on Tuesday. The newspaper cited people close to the company as saying a board seat for Mashkevich could precede his drive for the chairmanship of the Kazakh mining company. Mashkevich's application has been passed to ...
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EC pushes top four auditors to reform - FT
London South East
wC, Ernst & Young and KPMG is under attack from the European Commission, the Financial Times reported on Tuesday. The newspaper said the commission is pushing for tough rules to force the firms to abandon their consultancy businesses and share audit ...
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Conservative backbenchers focus on Europe
Financial Times
By Elizabeth Rigby, Chief Political Correspondent Conservative backbenchers' growing obsession with Europe was underlined as all but one MP asked by the Financial Times to pitch five ideas to David Cameron on the eve of party conference raised ...
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Generic drugs group warns over US regulation
Financial Times
Paul Bisaro, chief executive of Watson and chairman of the Generic Pharmaceutical Association, a trade body, told the Financial Times that the high costs of growing scrutiny by the US Food and Drug Administration was pushing generic suppliers to stop ...
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Financial Times
Comment: World stands on the brink of another economic crisis
Travel Weekly UK
Chancellor George Osborne and The Financial Times (FT) were united last week in declaring “Time is running out.” “Intense volatility” sums up the situation on the markets. What lies behind this? Investors foresee another recession and fear a ...
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FT: North Street Capital To Buy Spyker
RTT News
PK: News ), the Financial Times reported Wednesday. Terms of the deal were not disclosed. The deal comes after the collapse of another deal in February this year to sell Spyker to CPP Global Holdings, a UK holding company of Russian businessman ...
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Why can't America be more like, well, America?
Financial Times
Only this week, Muhtar Kent, Coca-Cola's chief executive, told the Financial Times that China “in many respects” had become a better place to do business than the US. “When a country is in trouble, you can't have a polarised political process,” he said ...
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US Eyes Cross-Border Bank Deals - Report
Fox Business
US authorities are eyeing cross-border financial transactions made between banks in the US and the UK in an effort to crack down on tax avoidance, The Financial Times reports on its website Sunday. Officials are focusing on structured trust advantaged ...
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The Fear Gauge in the Eurozone
CounterPunch
Late Thursday, the Financial Times reported hopeful news that EU officials were planning to recapitalize underwater banks. According to FT.Alphaville: “European officials look set to speed up plans to recapitalise the 16 banks that came close to ...
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Iran's Ahvaz Is the World's Most Polluted City, FT Reports
Bloomberg
... in southwest Iran, is the world's most polluted city, with the highest measured level of airborne particles smaller than 10 micrometers, according to a global survey of reported data by the World Health Organization, the Financial Times reported. ...
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Coca-Cola looks to give sales extra fizz
Financial Times
By Alan Rappeport in New York “There's a misnomer in the notion that sparkling beverages are not growing, or that we're not able to grow sparkling beverages,” Muhtar Kent, chief executive of Coke, said in an interview with the Financial Times. ...
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Financial Times
The Push to Pull the Teeth out of Dodd-Frank
The Fiscal Times
By KATHERINE REYNOLDS LEWIS, The Fiscal Times Shannon Greene, CFO of aFort Worth leather supplier, ruefully recalls what happened to her business the lasttime Washington overhauled financial regulations. To comply with the 2002 Sarbanes-Oxley Act, ...
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The Fiscal Times
CME reports jump in the use of OTC clearing
Financial Times
“There's been some uncertainty in the market that's been causing participants to focus on clearing sooner rather than later,” she told the Financial Times. CME said it had 15 clearing members with about 500 customers “actively clearing”. ...
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California pulls out of foreclosure talks
Financial Times
Under one proposed accord, BofA would pay $7.8bn, according to an internal document prepared by the state of Illinois and described to the Financial Times. JPMorgan would pay $3.8bn, while Wells could pay about $3.5bn. Citi would be asked to pay about ...
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Financial Times
Stocks end up on hopes of Europe deal
Tucson Citizen
But the Dow gave up more than half of its gains late in the day after the Financial Times reported that a “split” had developed among the 17 euro zone members over the term's of Greece's second bailout, which is needed to avoid default next month. ...
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This Stock Is at the Top of Its Industry
Motley Fool
By John Grgurich | More Articles Disclaimer: My favorite news source is The Financial Times, which is owned by Pearson (NYSE: PSO ) , the subject of this article. Having confessed my potential conflict of interest, I can now, with clear conscience, ...
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Today's FT shows more progress in schools under Labour – who ...
By alastair
With thanks to Labour's media monitoring department, and to the Financial Times, here is the first's account of the second's report today on school standards. 'Poorer pupils seen to be catching up in exams' (FT p4) – Poorer children closed the ...
Alastair Campbell
Emirates: powering ahead? | beyondbrics | News and views on ...
By Simeon Kerr
beyondbrics debate: China's choices. China's Choices logo Lionel Barber, editor of the FT, is hosting China's Choices – a debate on Thursday on the key questions facing China before an invited audience at the Financial Times. We will be bringing you news from the event on beyondbrics. ... RIA Novosti · The Moscow Times Africa reading: Building Africa today · WorldBank Africa blog · China in Africa today: the real story LatAm reading: Americas Quarterly blog · Economist - Americas ...
beyondbrics
Yields on Irish debt tumble to year lows - stock market news and uk ...
Despite a very turbulent market back-drop of late the yield on Ireland´s 10 year government bonds has actually fallen below 8%, to its lowest level this year, as an article in today´s Financial Times(FT) points out. The newspaper is not the only ...
Stock Market at Live Charts
London headlines | beyondbrics | News and views on emerging ...
By beyondbrics
ING is selling its stake in Brazil's insurance group SulAmerica in a deal that is likely to be worth at least $1bn, people close to the transaction told the Financial Times, sparking a fierce bidding war in the fast-growing Brazilian market, the FT ...
beyondbrics
Financial Times launches the Business Technology Debates | About ...
About us, News, Quotes ... The Financial Times is today launching the Business Technology Debates, a series of video debates between the ... Published monthly, the debates are timed to coincide with the FT's flagship technology report 'The ...
aboutus.ft.com/.../financial-times-launches-the-business-techno...
FT Alphaville » Snap news - FT Alphaville - Financial Times
ft.com/alphaville All times are London time. Welcome Your AccountSign Out ... Breaking pre-marketnews on Tuesday,. - Eurozone officials working on sovereign ...
ftalphaville.ft.com/blog/2011/09/27/686476/snap-news-846/

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