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Glencore and Xstrata deal draws criticism (FT) (Tue, 07 Feb 2012 17:04:32 GMT) Two leading Xstrata shareholders – Standard Life and Schroders – said they would vote against the proposed $90bn tie-up between the miner and the trading house
GSK empties accounts to limit euro exposure (FT) (Tue, 07 Feb 2012 16:33:36 GMT) UK pharmaceutical group conducts ‘daily sweep’ to remove all cash from most eurozone countries and deposit it in ‘robust and secure’ banks
Holvi Pioneers New EU Legislation to Empower Prosumers (CCRWorld) (Tue, 07 Feb 2012 12:15:55 +0100) HELSINKI, Finland and LONDON, UK (Finovate Europe 2012) – 7th February
2012 - Holvi, a Seedcamp Winner and portfolio start-up from Finland,
introduces a new service that helps groups handle and manage their
finances. The solution is a no-hassle online collaboration tool that
offers any association or group a shared checking account and all
necessary finance management features. Holvi is showcasing their tool at
the Finovate Europe 2012 conference taking place 7th February in
London ...
UBS issues gloomy outlook for 2012 (FT) (Tue, 07 Feb 2012 09:03:39 GMT) Downbeat forecast for Swiss group which warns of more structural changes as earnings fall from SFr1.66bn to SFr393m year-on-year
eFinancialCareers Comment on the French financial transaction tax (CCRWorld) (Thu, 02 Feb 2012 16:51:47 +0100) London, Thursday 2nd February 2011 – the Entente Cordiale has been put
under great strain over the last few months, and there are no signs of
this abating in the immediate future. Following Mr Sarkozy's
announcement to introduce a financial transaction tax next August, if
re-elected, London's Mayor, Mr Johnson and British Prime Minister, Mr
Cameron have invited French bankers to quit Paris and move to London.
The latest Anglo-French war of words will do nothin ...
Weekly column from Mira Inform - AppleÂ’s unbelievable numbers (CCRWorld) (Thu, 02 Feb 2012 16:27:16 +0100) The final quarter of 2011 was a historic one for APPLE, as the company
had the highest earnings in one three-month period of any tech company
in history, challenged the record of most profit in one quarter for any
US company and subsequently took the title of most valuable US company
from the quarterly profit record holder, EXXON. Apple reported that it
hauled in $46.3 billion in the last three months of 2011, nearly double
the $26.7 billion it pulled in during the holiday-shopping q ...
Trader accused of fraud pleads not guilty (CNN) (Mon, 30 Jan 2012 08:59:23 EST) A trader accused of fraud over a $2.3 billion loss in unauthorized trading reported by Swiss banking giant UBS pleads not guilty in a London court. The trial of the trader, Kwaku Adoboli, is due to begin September 3.
RBS chief bows over bonus (CNN) (Mon, 30 Jan 2012 00:58:19 EST) There was a whiff of inevitability about the decision by Stephen Hester, the Royal Bank of Scotland chief executive, to waive his £1M ($1.57M) bonus late last night, as the political and media furor mounted.
Greek fury at plan for EU budget control (CNN) (Sun, 29 Jan 2012 19:15:34 EST) Greece's finance minister angrily rejected a German plan for the eurozone to impose a budget overseer onto Athens in return for a new ?130bn bail-out, saying it would improperly force his country to choose between "financial assistance" and "national dignity".
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