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....In 2010 the Gates and Warren Buffett created the Giving Pledge, a promise to give at least half of their wealth to charity, and called on other billionaires to join them. More than 170 of the world’s richest people, including Mark Zuckerberg, Michael Bloomberg and George Lucas, have so far signed up. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 05:30:31 PM
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....Bailey said the scheme should stay until the 2020s. Research by Bloomberg New Energy Finance suggests that will be the decade when there is a tipping point as the total cost of owning an electric car – including refuelling and maintenance, as well as buying the vehicle – becomes cheaper than combustion engine vehicles without subsidies. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 03:15:14 PM
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....Nevertheless, just the prospect of budget handouts has lifted the spirits of average Americans. Unlike in the UK, where consumer confidence has fallen back to levels seen in the immediate aftermath of the Brexit vote, Americans last week started feeling much more confident about the economy, pushing the Bloomberg consumer comfort index to a seven-week high. ... [Read full article on Guardian ]
Saturday 5th of August 2017 03:00:15 PM
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....Meanwhile, the dollar has weakened, partly on concerns over Trump and also because of the growing belief that the US Federal Reserve will not raise interest rates again in the immediate future with the economy showing signs of running out of steam. Bob Doll, chief equity strategist at Nuveen Asset Management, told Bloomberg TV: “Returns on [cash] are low, bonds are sitting there doing not much and earnings are coming through. ... [Read full article on Guardian ]
Wednesday 2nd of August 2017 02:17:50 PM
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Latest Finance News related to Bloomberg

Bill Gates gives $4.6bn to charity in biggest donation since 2000 image
Source : Guardian [Read Article] Tuesday 15th of August 2017 05:30:31 PM
....In 2010 the Gates and Warren Buffett created the Giving Pledge, a promise to give at least half of their wealth to charity, and called on other billionaires to join them. More than 170 of the world’s richest people, including Mark Zuckerberg, Michael Bloomberg and George Lucas, have so far signed up. ...
Dow soars to record high as it crosses 22,000 mark for the first time image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 02:17:50 PM
....Meanwhile, the dollar has weakened, partly on concerns over Trump and also because of the growing belief that the US Federal Reserve will not raise interest rates again in the immediate future with the economy showing signs of running out of steam. Bob Doll, chief equity strategist at Nuveen Asset Management, told Bloomberg TV: “Returns on [cash] are low, bonds are sitting there doing not much and earnings are coming through. ...
Carmakers say fossil-fuel vehicle ban will dent industry and stall sales image
Source : Guardian [Read Article] Wednesday 26th of July 2017 03:15:14 PM
....Bailey said the scheme should stay until the 2020s. Research by Bloomberg New Energy Finance suggests that will be the decade when there is a tipping point as the total cost of owning an electric car – including refuelling and maintenance, as well as buying the vehicle – becomes cheaper than combustion engine vehicles without subsidies. ...
Deutsche Bank expects subpoenas over Trump-Russia investigation image
Source : Guardian [Read Article] Wednesday 19th of July 2017 11:26:20 PM
....Deutsche has been fined more than $6bn in connection to compliance failures since 2015. According to an analysis by Bloomberg, Trump now owes Deutsche, his biggest creditor, about $300m. ...
Trump's growth problem: jobs boost masks trouble ahead for US economy image
.... Nearly 30% of respondents 55 and over claimed to have zero retirement savings, and 26% had $50,000 or less. Numbers are tricky, and the world of work has changed, making it hard for many to see the good news in the jobs report and other economic statistics, said Roy Bahat, head of Bloomberg Beta and co-chair of the Shift Commission. ...
Electric car revolution: calculating the cost of green motoring image
Source : Guardian [Read Article] Saturday 8th of July 2017 08:00:03 AM
.... Battery-powered travel could be coming far sooner than previously thought. According to research published this week by Bloomberg New Energy Finance the proportion of fully electric new cars sold in the UK will be one in 12 by 2030 – up from one in every 200 today. ...
People want a 'sensible Brexit', says Philip Hammond image
Source : Guardian [Read Article] Friday 7th of July 2017 04:26:44 PM
....“I’m glad that the business community is exercising a voice in this discussion. I think that’s helpful,” Hammond said in an interview with Bloomberg and Reuters at the G20 summit in Hamburg, Germany. ...
France to ban sales of petrol and diesel cars by 2040 image
Source : Guardian [Read Article] Thursday 6th of July 2017 01:20:06 PM
....”. France’s announcement came as Bloomberg New Energy Finance predicted electric cars would come to dominate the automotive market more quickly and dramatically than previously thought. ...
Volvo signals carmakers' growing confidence in an electric future image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:31:24 PM
....There are now 2m globally, out of more than 1bn cars in total, showing the mountain that still needs to be climbed. Bloomberg predicts 41m electric car sales a year in 2040, while BP this year revised its prediction upwards by 43m to a total of 100m on the roads by 2035. ...
All Volvo cars to be electric or hybrid from 2019 image
Source : Guardian [Read Article] Wednesday 5th of July 2017 09:25:25 AM
....8%. With bullish projections by Bloomberg New Energy Finance that electric models will make up 35% of all new car sales by 2040, oil companies are increasingly worried about the impact on them. ...
Wrong medicine? image
Source : BBC [Read Article] Friday 30th of June 2017 09:01:07 PM
...." . Gerard Anderson, a professor at the Johns Hopkins Bloomberg School of Public Health, spoke at a congressional hearing in June. ...
Banks should disclose lending to companies with carbon-related risks, says report image
....Banks should disclose lending to companies with carbon-related risks, according to recommendations in a new report by the Task Force on Climate-related Financial Disclosures. The TCFD report – part of a G20 initiative led by governor of the Bank of England Mark Carney and former mayor of New York City Michael Bloomberg – outlines how companies should disclose climate-related information in their financial filings, with the aim of allowing economies to properly value climate-related risks. ...
Uber CEO Travis Kalanick resigns following months of chaos image
Source : Guardian [Read Article] Wednesday 21st of June 2017 06:19:56 AM
....Another recommendation was for Uber to “reformulate” the company’s notorious cultural values, eliminating “those values which have been identified as redundant or as having been used to justify poor behavior, including Let Builders Build, Always Be Hustlin’, Meritocracy and Toe-Stepping, and Principled Confrontation”. Kalanick’s leadership style was already under fire after Bloomberg released a video of the executive berating an Uber driver after the driver complained about the difficulty making a living with Uber’s falling rates. ...
Exxon, BP and Shell back carbon tax proposal to curb emissions image
Source : Guardian [Read Article] Tuesday 20th of June 2017 04:32:21 PM
....The plan was crafted by a group of conservative elder statesmen that includes former Republican secretaries of state James Baker and George Shultz and Hank Paulson, a former secretary of the treasury. Michael Bloomberg, the former New York City mayor, and the physicist Stephen Hawking are also members of the group. ...
Embattled Uber CEO Travis Kalanick takes indefinite leave of absence image
Source : Guardian [Read Article] Tuesday 13th of June 2017 06:36:50 PM
.... The program allowed Uber to systematically evade law enforcement in cities where its service was illegal. Kalanick’s leadership was called into question when Bloomberg released a video of the executive berating an Uber driver after the driver complained about the difficulty making a living with Uber’s falling rates. ...
Apple chief: driverless car venture is ‘the mother of all AI projects’ image
....Cook attempted to restore faith in Apple’s ability to strike out into new territory by giving his most detailed comments yet about a car venture that has been shrouded in secrecy. “We’re focusing on autonomous systems,” said Cook in an interview with Bloomberg TV. ...
Tech shares keep sinking amid concerns sector is slowing image
Source : Guardian [Read Article] Monday 12th of June 2017 04:33:15 PM
.... Bezos’s fortune is closing in on that of Bill Gates, the co-founder of Microsoft, whose net worth is $89. 3bn, according to the Bloomberg Billionaires Index. ...
Travis Kalanick's future as Uber CEO under threat image
Source : Guardian [Read Article] Monday 12th of June 2017 02:40:53 PM
.... Four director seats at the firm are empty. The company also plans to appoint Wan Ling Martello, an executive vice president at Nestlé SA, to the board, Bloomberg reported on Monday, citing people familiar with the matter. ...
Alphabet sells off 'BigDog' robot maker Boston Dynamics to Softbank image
....It continued to operate from its headquarters just outside Boston, Massachusetts, far from Google’s home in Silicon Valley. In November 2015, according to Bloomberg News, tensions accidentally burst into the open, when the minutes of a terse meeting were published to a company-wide forum. ...
How will the City react to a Tory or Labour general election victory? image
Source : Guardian [Read Article] Thursday 8th of June 2017 09:10:38 AM
....“We need to see a Conservative majority of at least 50 to get a significant move higher” in the pound, according to analysts at Dutch bank ING. A survey of economists by Bloomberg suggests sterling will rise to $1. ...
Santander and RBS haunted by ghost of financial crisis image
Source : Guardian [Read Article] Wednesday 7th of June 2017 06:00:26 PM
....It was a first major use of the new regime and Ana Botín, chair of Santander, said: “This deal is good for Spain and it’s good for Europe”. She told Bloomberg that she felt “absolutely no pressure at all” from politicians to rescue Popular. ...
Uber fires more than 20 employees after sexual harassment investigation image
Source : Guardian [Read Article] Wednesday 7th of June 2017 03:52:01 AM
....Uber has fired more than 20 employees after a company investigation into sexual harassment claims and workplace culture. The terminations were announced at a company-wide meeting on Tuesday, details of which were first leaked to and reported by the New York Times and Bloomberg News. ...
Investment groups tell investors to give up tobacco industry image
Source : BBC [Read Article] Wednesday 31st of May 2017 02:27:31 PM
.... It has been one of the best investments of the last decade, indeed possibly of the post-Second World War era. The shares in companies listed in the Bloomberg tobacco producers index have risen 351% since 2009, compared with just over 101% for the MSCI global index. ...
World Bank economist sidelined after demanding shorter emails and reports image
....The chief economist at the World Bank has stepped down from its research arm after staff were vexed by demands to write succinctly, including cutting superfluous uses of the word “and” in reports or emails. Paul Romer, 61, will leave the Development Economics Group (DEC), according to a staff announcement reported by Bloomberg. ...
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Talks to avert RBS court case to continue into June image
Source : Guardian [Read Article] Wednesday 24th of May 2017 06:35:03 AM
....Nash had told the court on Tuesday the majority of the shareholders were minded to settle but by the end of that day there was no announcement amid a disagreement among some of the private investors who wanted to reject the offer. Some 15% of the group of investors who have yet to agree a settlement have died, 35% are pensioners, and 20% live abroad, according to court documents reported by Bloomberg. ...
Picture perfect: how to make an art of your investments image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
....Hollyfield paints ambiguous, semi-abstract landscapes rich in colour, and her pieces are priced at around £275-plus. Baum, meanwhile, uses photography and printmaking and was selected for Bloomberg New Contemporaries in 2009, where the judges also included Wolfgang Tillmans. ...
Cybercrime on the high seas: the new threat facing billionaire superyacht owners image
....Other James Bond-style accessories were showcased, such as exploration submarines and snow rooms designed to mimic winter conditions in case it gets too hot up on deck. Some clients have also demanded dealing rooms with Bloomberg terminals, or operating theatres, so that ultra-rich owners could receive immediate treatment in case of injury or illness onboard. ...
JP Morgan may move hundreds of jobs in pre-Brexit move image
Source : BBC [Read Article] Wednesday 3rd of May 2017 12:42:46 PM
.... . Speaking to Bloomberg News, Mr Pinto, head of investment banking at JP Morgan, said: "We are going to use the three banks we already have in Europe as the anchors for our operations. ...
JP Morgan to move hundreds of jobs out of UK due to Brexit image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 11:36:23 AM
....Revealing for the first time the locations that will benefit from the UK’s exit from the EU, one of the US bank’s most senior executives indicated that other roles would follow once the outcome of the Brexit negotiations was known. “We are going to use the three banks we already have in Europe as the anchors for our operations,” Daniel Pinto, JP Morgan’s head of investment banking, told Bloomberg. ...
Trump is considering new Glass-Steagall-style bank rules image
Source : BBC [Read Article] Monday 1st of May 2017 06:18:44 PM
....President Donald Trump on Monday said he is considering breaking up big Wall Street banks, by splitting their consumer business from their investment operations. "I'm looking at that right now," he told Bloomberg News. ...
Twitter signs deal with Bloomberg on rolling video news image
Source : BBC [Read Article] Monday 1st of May 2017 02:35:23 PM
. Twitter is working with media firm Bloomberg to create a 24-hour rolling news channel for the messaging service. ...
Avocado prices at record high due to reduced harvests image
Source : BBC [Read Article] Monday 1st of May 2017 07:51:12 AM
....89). That is more than double last year's price, according to Bloomberg data. ...
Barclays profits more than double image
Source : BBC [Read Article] Friday 28th of April 2017 06:36:15 AM
....Mr Staley said Barclays planned to hire about 2,000 new staff in the UK in the next three years, focused on technology. He told Bloomberg the bank wanted to bring technology development back in house and reduce reliance on external contractors. ...
Nasdaq surge expected to continue after strong Alphabet and Amazon results image
....9% to $954 in after-hours trading, adding nearly $3bn to the personal fortune of founder and chief executive Jeff Bezos. His wealth is now estimated at $79bn, making him the world’s third richest person ahead of Warren Buffett on $74bn, according to Bloomberg. ...
Will London survive as a financial centre after Brexit? image
Source : Guardian [Read Article] Wednesday 26th of April 2017 07:08:45 AM
.... The question has been asked many times, and management consultancies have earned good money offering their patent answers. A pre-crisis study by McKinsey for former New York mayor Michael Bloomberg recommended copying London’s regulatory system, which blew up soon thereafter. ...
Most global investors recognise financial risk of climate change, report finds image
....The report said this was “a cause for concern giving its impending acquisition of the UK’s Green Investment Bank” and called on it to “dramatically improve its climate credentials”. Hewson called for regulators to mandate disclosure of climate change risks, suggesting the Bloomberg taskforce on climate-related financial disclosures and other G20 processes will “inevitably” lead to such disclosure. ...
Foster + Partners plans redundancies after Brexit uncertainty image
Source : Guardian [Read Article] Monday 24th of April 2017 03:20:53 PM
....Foster + Partners is known for the restoration of the Reichstag in Germany, which includes a glass dome from where visitors can peer into the parliamentary chamber, and has been shortlisted for the revamp of the Palace of Westminster. The company recently designed Bloomberg’s vast new European headquarters in the City of London, which is bigger than the nearby Bank of England. ...
The new status symbol: it’s not what you spend – it’s how hard you work image
.... General Electric CEO Jeff Immelt told Fortune that he has worked 100-hour workweeks for 24 years. Not to be outdone, Yahoo CEO Marissa Mayer told Bloomberg News that she used to work 130-hour workweeks. ...
Bombardier and Siemens 'in train deal talks' image
Source : BBC [Read Article] Tuesday 11th of April 2017 09:17:35 PM
....Analysts said a deal would help tackle growing competition from China. The proposed merger would firmly establish the world's second biggest train maker, Reuters and Bloomberg reported. ...
Toshiba may sell chip business to Foxconn for $27bn image
Source : BBC [Read Article] Monday 10th of April 2017 03:59:36 PM
....Toshiba has put part or all of its valuable memory chip unit up for sale to plug a gaping hole in its finances. Foxconn's potential bid is much higher than analysts' $18bn valuation for the business, Bloomberg and the Wall Street Journal reported. ...
'See you in court': activists ready for Trump to relax smog and drilling rules image
....Another executive order, directing the interior department to facilitate sales of new offshore oil and natural gas drilling rights in US Atlantic and Arctic waters, is expected within weeks or possibly days. The audacious order, revealed in a Bloomberg report on Thursday, is expected to begin the process of revoking Obama’s decision in late 2016 to place a permanent ban on drilling in most US Arctic waters and off much of the Atlantic coast. ...
Brexit raises spectre of dearer Guinness and Baileys image
Source : Guardian [Read Article] Friday 7th of April 2017 04:10:28 PM
.... The drink is then pumped into tankers, known as “silver bullets”, and driven 90 miles to east Belfast where it is canned and then sent back to Dublin Port for onward distribution. Diageo, the Guinness owner, confirmed a Bloomberg report on Friday that it had estimated a so-called “hard border” could cause delays of between 30 minutes and an hour, costing an extra €100 (£85) for each lorry-load of Guinness. ...
Cost of junk image
Source : BBC [Read Article] Tuesday 4th of April 2017 12:52:58 PM
....Getting out of junk status is difficult. According to Bloomberg, over the past 30 years only six of the 20 countries that have fallen into junk status have managed to claw their way out of it. ...
Jared Kushner's family firm ends investment talks with China's Anbang image
....The potential $4bn (£3. 2bn) investment deal would have netted Kushner Companies more than $400m, Bloomberg had earlier reported. ...
AkzoNobel wins Dutch political support against possible bid image
Source : BBC [Read Article] Tuesday 21st of March 2017 12:01:56 AM
....Akzo rejected a $22bn (£18bn) offer from PPG on 9 March, saying that the bid substantially undervalued the business. Analysts expect PPG to return soon with a fresh offer, and the Bloomberg news agency reported on Monday that the US company was preparing the details. ...
Uber faces further turmoil as company president Jeff Jones quits image
Source : Guardian [Read Article] Sunday 19th of March 2017 11:27:43 PM
.... The blog post prompted an internal investigation that is being led by former US attorney general Eric Holder. Then, Bloomberg released a video that showed Kalanick berating an Uber driver who had complained about cuts to rates paid to drivers, resulting in Kalanick making a public apology. ...
Has the tech bubble peaked? Signs that the startup boom may be fizzling image
....This is partly because of a slowdown in companies going public. Last year was the slowest for US IPOs since the recession, with the amount raised by technology companies falling 60% from 2015, according to Bloomberg News. ...
Democrats question Trump 'conflict of interest' with Deutsche Bank investigation image
.... None were found. According to an analysis by Bloomberg, Trump now owes Deutsche about $300m. ...
Markets in 'no doubt' on US rate rise image
Source : BBC [Read Article] Friday 10th of March 2017 10:33:01 PM
.... . The futures market for the key Federal fund interest rate puts the likelihood of a rate rise at between 98% and 100%, according to Bloomberg data. ...
'I was stuck' image
Source : BBC [Read Article] Wednesday 8th of March 2017 12:30:12 AM
....The site is not just for individuals. Companies such as the financial software and media firm Bloomberg and the investment management firm BlackRock have also signed up - in the hope that it will encourage women within their organisations. ...
Snap slides as Wall Street ends lower image
Source : BBC [Read Article] Monday 6th of March 2017 11:51:47 PM
....It remains unclear whether Snap can expand beyond its core base of young users, or how it will fare in many international markets in a competitive social media environment. Five of seven financial analysts covering Snap advised investors to "sell" the stock, with none advising them to buy, according to data compiled by Bloomberg. ...
Innovation, Ikea style image
Source : BBC [Read Article] Monday 27th of February 2017 12:20:58 AM
.... . In fact, so ubiquitous are they, Bloomberg uses them to compare purchasing power across the world. ...
Indonesia's four richest men worth as much as poorest 100 million image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:01:50 AM
....When he was elected in 2014 President Joko Widodo pledged to prioritise closing the wealth gap ahead of blindly pursuing growth. “Economic growth is very important for my administration, for my people but it’s more important to narrow the gap,” Widodo said in an interview with Bloomberg shortly after his election. ...
How Donald Trump became Deutsche Bank's biggest headache image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:47 PM
.... Other financial houses in New York refused to give him credit, following a string of failed ventures including an airline and a casino empire in Atlantic City. Bloomberg reported that Deutsche was now trying to restructure Trump’s $300m debt, which is guaranteed by four of his properties. ...
How Xi Jinping's global ambitions could thrive as Trump turns inward image
Source : Guardian [Read Article] Friday 10th of February 2017 12:25:10 PM
.... After Trump abandoned the US-led Trans-Pacific Partnership (TPP), Beijing has signalled it will forge ahead with attempts to establish an alternative pact, the Regional Comprehensive Economic Partnership. “In China, we have an old saying,” Victor Gao, a former Chinese diplomat who was the interpreter for Deng Xiaoping, told Bloomberg. ...
RBS braced for multi-billion-pound settlement for loan-misselling scandal image
Source : Guardian [Read Article] Wednesday 25th of January 2017 09:20:18 PM
....Speculation that RBS might be considering taking a provision has been raised when analysts began to publish their forecasts for the bank’s 2016 financial year. Last week Bloomberg quoted research by analysts at Goldman Sachs as saying: “In light of recent US DoJ settlements with other banks, we see the possibility that RBS will book a significant provision as early as the fourth quarter. ...
Electric cars will not stem global demand for oil, says BP image
Source : Guardian [Read Article] Wednesday 25th of January 2017 02:47:17 PM
....”. Some forecasts, such as Bloomberg New Energy Finance’s, see more than 200m electric cars globally by 2035. ...
McDonald’s will need more than a bigger Big Mac to supersize profits image
Source : Guardian [Read Article] Sunday 22nd of January 2017 07:00:23 AM
....The tightly held shares can be volatile, given lumpy nature of its order intake, but the company admirably takes the long view. At In Davos last week Theresa May spoke to Bloomberg TV about the possibility of a national interest test in overseas takeovers. ...
Goldman Sachs stalls plan to move jobs to UK amid Brexit uncertainty image
Source : Guardian [Read Article] Thursday 19th of January 2017 01:15:50 PM
....“We were on track to move more and more of our global activities – global ops, global technology – all those things made and more sense to operate out of [the] UK. Now we are slowing down that decision,” Blankfein told Bloomberg TV in Davos. ...
Libor scandal: the bankers who fixed the world’s most important number | Liam Vaughan and Gavin Finch image
.... First and foremost he was a market-maker, providing liquidity to his clients, who were mostly traders at other banks. From the minute he logged on to his Bloomberg terminal each morning and the red light next to his name turned green, Hayes was on the phone quoting guaranteed bid and offer prices on the vast inventory of products he traded. ...
World's eight richest people have same wealth as poorest 50% image
Source : Guardian [Read Article] Monday 16th of January 2017 12:01:08 AM
....Oxfam said the world’s poorest 50% owned the same in assets as the $426bn owned by a group headed by Gates, Amancio Ortega, the founder of the Spanish fashion chain Zara, and Warren Buffett, the renowned investor and chief executive of Berkshire Hathaway. The others are Carlos Slim Helú: the Mexican telecoms tycoon and owner of conglomerate Grupo Carso; Jeff Bezos: the founder of Amazon; Mark Zuckerberg: the founder of Facebook; Larry Ellison, chief executive of US tech firm Oracle; and Michael Bloomberg; a former mayor of New York and founder and owner of the Bloomberg news and financial information service. ...
We contribute billions to US economy, Toyota politely tells Trump image
Source : Guardian [Read Article] Friday 6th of January 2017 06:54:40 AM
....Nissan’s chief executive, Carlos Ghosn, said he was comfortable with Trump’s “America first” credo. “I’m hearing ‘We in the US have a very large market, and we want our fair share of the benefits both in terms of trade and jobs,”’ Bloomberg quoted Ghosn as saying Thursday at the CES 2017 trade show in Las Vegas. ...
Snapchat accused of lying about user numbers to inflate value of IPO image
Source : Guardian [Read Article] Thursday 5th of January 2017 09:01:08 PM
.... He is seeking damages and an injunction against the company over this claim, as well as lost wages, “harm to his professional reputation” and punitive damages based on Snapchat’s “misconduct”. Last year, anonymous sources with Snap told Bloomberg News that Snapchat had more than 150 million daily users who upload more than 10bn videos a day. ...
CES 2017: Faraday Future unveils super fast electric car image
Source : BBC [Read Article] Wednesday 4th of January 2017 04:26:09 AM
....In November, it confirmed that work had stopped on a huge factory in Las Vegas intended to manufacture a car backed by investment from LeEco. A week earlier, the Bloomberg news agency had revealed that Mr Jia had written to LeEco's employees to say his firm's finances were under pressure. ...
Paris lobby predicts City firms will make decision on moving within weeks image
.... Barclays already has a subsidiary in Dublin. Arnaud de Bresson, Europlace’s managing director, told Bloomberg that decisions would be made shortly. ...
London shares hit year's high at end of 2016 trading image
Source : BBC [Read Article] Friday 30th of December 2016 09:25:42 AM
....That makes a company's shares appear better value when compared with the higher profits it will make, prompting a revaluation of the stock. Source: Bloomberg. ...
Philip Green, Vibrac and Riverdance: the mystery of Everton’s ‘shadow investor’ image
....Switching his attention to ownership of football clubs, Chris Matheson, the MP for Chester and an Everton season ticket holder, asked Clarke if he had ever heard of Vibrac Corporation. Between 2011 and 2013 the company described by Bloomberg as a “closely held lender” based in the British Virgin Islands was allowed to make millions of pounds in loans to Everton, West Ham, Fulham, Reading and Southampton despite the mystery surrounding who actually owned the company. ...
Sugary drink taxes could be threatened by Trump administration, experts say image
....The 2016 sugar tax votes were some of the most expensive ballot measures nationwide, with the American Beverage Association, spending $38m to try and defeat the measures. Pro-sugar tax campaigns, meanwhile, were backed by billionaire donors such as Laura and John Arnold, whose foundation donates to HFA, and former New York City mayor Michael Bloomberg, who donated nearly $20m to efforts in California’s Bay Area. ...
FTSE falters but Royal Bank of Scotland rises after Deutsche Bank deal image
Source : Guardian [Read Article] Friday 23rd of December 2016 09:51:02 AM
....The civil claim alleges mail and wire fraud, but does not quantify the monetary penalties sought. Media reports (Bloomberg) suggest that Barclays was unwilling to settle for more than $2. ...
US justice department accuses Barclays over mortgage mis-selling image
Source : Guardian [Read Article] Thursday 22nd of December 2016 10:59:23 PM
Trench coat maker Aquascutum to be sold for £97m image
Source : BBC [Read Article] Thursday 22nd of December 2016 01:51:57 PM
....The unnamed acquirers have made a $5m down payment for exclusive rights to the deal, YGM said in its annual report this week. Chinese textile firm Shandong Ruyi Group is understood to be one of the buyers, according to Bloomberg. ...

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