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....” The statement covered Coutts and NatWest. HSBC said: “This case highlights the need for greater information sharing between the public and private sectors, each of whom holds important information the other does not. ... [Read full article on Guardian ]
Monday 20th of March 2017 06:00:24 PM
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.... Following the London conference, David Cameron brought a whole-government approach to making it happen. He appointed a special envoy, Patricia Morris, to bring in the private sector, and Britain’s business secretary, Sajid Javid, flew with a group of CEOs to Jordan. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:00:27 AM
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.... The bank has also recently bought student blocks in Newcastle, Durham and Belfast to take its portfolio to 800 rooms. “London universities have over a quarter of a million full-time students, almost 70% of which are unable to access university or private sector accommodation,” said Howard Meaney, head of real estate UK for UBS’s Triton fund. ... [Read full article on Guardian ]
Thursday 16th of March 2017 03:40:59 PM
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....“But our spending on R&D has stagnated at just 1. 7% of GDP, with both public and private sectors under-investing,” the report says. ... [Read full article on Guardian ]
Monday 20th of March 2017 07:01:30 AM
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....The US is on relatively strong footing to achieve higher economic growth. Indeed, by animating the economy’s animal spirits, the Trump administration has laid the groundwork for the private sector to do a lot of the heavy lifting. ... [Read full article on Guardian ]
Monday 20th of March 2017 01:22:15 PM
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. Unleash the power of markets and the private sector will deliver returns that raise everyone’s living standards: that’s the market liberalism argument. ... [Read full article on Guardian ]
Friday 17th of March 2017 08:59:05 AM
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.... “Its results will be made public. In other words, consistent with our higher standards, the Bank planned a tougher response than we would expect in the private sector, but one that, in our judgment, was still proportionate to an honest mistake that was freely and transparently admitted,” said Carney. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 12:05:03 PM
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Latest Finance News related to Private Sector

Carney: Bank of England deputy should not have quit for 'honest mistake' image
.... “Its results will be made public. In other words, consistent with our higher standards, the Bank planned a tougher response than we would expect in the private sector, but one that, in our judgment, was still proportionate to an honest mistake that was freely and transparently admitted,” said Carney. ...
British banks handled vast sums of laundered Russian money image
Source : Guardian [Read Article] Monday 20th of March 2017 06:00:24 PM
....” The statement covered Coutts and NatWest. HSBC said: “This case highlights the need for greater information sharing between the public and private sectors, each of whom holds important information the other does not. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
....The US is on relatively strong footing to achieve higher economic growth. Indeed, by animating the economy’s animal spirits, the Trump administration has laid the groundwork for the private sector to do a lot of the heavy lifting. ...
Brexit-proof the UK economy with more R&D, say employers image
Source : Guardian [Read Article] Monday 20th of March 2017 07:01:30 AM
....“But our spending on R&D has stagnated at just 1. 7% of GDP, with both public and private sectors under-investing,” the report says. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
.... The bank has also recently bought student blocks in Newcastle, Durham and Belfast to take its portfolio to 800 rooms. “London universities have over a quarter of a million full-time students, almost 70% of which are unable to access university or private sector accommodation,” said Howard Meaney, head of real estate UK for UBS’s Triton fund. ...
Public sector workers first to face cut in real pay, says thinktank image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:32:43 AM
....On current trends, the average pay of public sector workers will be £1,700 lower in 2020 than its peak in 2010, it said. Pay figures for the years after the financial crash in 2008 show that private sector workers bore the brunt of the slump in wages. ...
Channel 4 chief executive David Abraham to stand down image
Source : Guardian [Read Article] Tuesday 14th of March 2017 03:30:33 PM
....Kevin Lygo, ITV’s head of television, who left his role as Channel 4’s director of television and content in 2010 after missing out on the top role to Abraham, may also be in the running. In the statement, Abraham – who is paid almost £900,000 a year – said: “I now look forward to working with the Channel 4 board to support and hand over to my successor and then begin the next phase of my life – back in the private sector where I hope to build an organisation that makes use of all that I learned from leading different kinds of innovative creative businesses. ...
EU workplace headscarf ban 'can be legal', says ECJ image
Source : BBC [Read Article] Tuesday 14th of March 2017 11:08:02 AM
....G4S's rules prohibited "any manifestation of such beliefs without distinction", and were therefore not directly discriminatory, the court said. It said "an employer's desire to project an image of neutrality towards both its public and private sector customers is legitimate" - but national courts had to make sure this policy of neutrality was applied equally to all employees. ...
Cyber security: Experts warn on rise of hacker ransoms image
Source : BBC [Read Article] Tuesday 14th of March 2017 08:05:46 AM
....As many as 21 billion devices used by businesses and consumers around the world are forecast to be connected to the internet by 2020. Ciaran Martin, chief executive of the NCSC, said cyber attacks would continue to evolve and the public and private sectors must continue to work at pace to reduce the threat to critical services and deter would-be attackers. ...
Too many firms game the system. They should be transforming lives  | Aditya Chakrabortty image
.... On the other, private employers who can’t and won’t live up to the promises made by ministers and the models confected by mandarins. When David Cameron began his austerity cuts, his pledge was that the private sector would fill in the gaps left by the shrinking public sector. ...
Some bailiffs 'still abusing powers', debt charities say image
Source : BBC [Read Article] Tuesday 14th of March 2017 12:03:59 AM
....Claire Kober, chairwoman of the Local Government Association's resources board, said that anyone who felt that a bailiff working on behalf of a local authority had acted illegally or been intimidating should contact the council concerned immediately to raise their concerns. Vernon Phillips, director general of the Civil Enforcement Association (CIVEA), which represents private sector agents, said: "It is clear from the most recent local authority survey evidence that the system is working better than before the new regulations came into force, but we are keen to ensure any continuing concerns are tackled effectively. ...
Labour must learn to win if it wants to shape the UK's economic future image
.... Voters are up for nationalising the railways and for workers on boards. They see the sense of the state investing in the sectors that make up the fourth industrial revolution if the private sector proves incapable or unwilling to do so. ...
Call to boycott Tesco over 'endangered' white men claim image
Source : Guardian [Read Article] Saturday 11th of March 2017 01:31:13 PM
....”. In the private sector, women accounted for just 29% of directors appointed in the UK last year, according to the recruitment firm Egon Zehnder, the lowest proportion since 2012. ...
Benefit claimants 'missing out' on private rentals image
Source : BBC [Read Article] Thursday 9th of March 2017 12:52:36 AM
....However, some respondents to the survey said the situation would be improved if the government started a scheme to guarantee payments to landlords. Since 2008, Housing Benefit in the private sector has been paid to the tenant, rather than the landlord. ...
Rents are 'out of step' with incomes, housing body warns image
Source : Guardian [Read Article] Thursday 9th of March 2017 12:01:21 AM
....The Rics survey found that 52% of landlords would consider letting to homeless households and those receiving benefits if the government offered a financial guarantee on deposits and rent. Some local councils offer guaranteed rents to landlords who sign up to offer their properties for a set period, although rising rents in the private sector have made it hard for them to attract property owners. ...
Vodafone to recruit women on career breaks image
Source : BBC [Read Article] Friday 3rd of March 2017 12:01:11 AM
...."They face a lot of challenges. Not all organisations, both public and private sector, have been very adept at how they help those women overcome those challenges. ...
Government sets out post-Brexit digital strategy image
Source : BBC [Read Article] Wednesday 1st of March 2017 01:10:06 AM
.... . It has secured the following pledges from private sector organisations:. ...
Coca-Cola U-turn could help UK catch up on can and bottle recycling image
Source : Guardian [Read Article] Tuesday 28th of February 2017 06:00:20 AM
....Norway, Finland, Denmark and the Netherlands have all rolled out highly effective deposit return schemes, while states in the US and Australia report positive results, with expansions planned. But Coca-Cola’s announced support for trials of a bottle deposit return service in Scotland has shone a spotlight back on the private sector. ...
CPI was never meant to be real measure of inflation | Letters image
Source : Guardian [Read Article] Thursday 23rd of February 2017 07:07:14 PM
....Your article (Pension changes could cost 11m Britons thousands of pounds, 21 February) says 75% of pension schemes use the retail price index (RPI). But all the public-sector schemes, which must be more than 25%, as well as many in the private sector – eg BT, BA – have used the consumer price index (CPI) for years. ...
Business rate rises: government warns of 'campaign of half-truths' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:22:16 AM
....“If we are anything in the Conservative party, we should be the party of business and commerce,” he said. “And we’ve put huge burdens on to the private sector which they are bearing and still delivering the highest economic growth in the G7 and I think we have to be very careful not to kill the golden goose. ...
Why the Bank of England won’t raise interest rates any time soon image
Source : Guardian [Read Article] Saturday 18th of February 2017 05:00:07 PM
.... But with health costs rising, and tax receipts stagnant, there will be little room for manoeuvre. In short, there is very little left in the tank of the private sector or the government to boost a flagging economy, let alone overheat it. ...
Toshiba crisis: unions urge government to 'get a grip' on nuclear policy image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:01:48 PM
....“The government must get a grip of the funding of these projects. It is the duty of the government, not the private sector, to ensure that UK energy is safe secure and that means it must act to bring our new power stations on stream. ...
Donald Trump is undermining the fight against corruption image
Source : Guardian [Read Article] Sunday 12th of February 2017 03:25:57 PM
....Corruption is particularly high in the extractives sector. The cost of private sector corruption in developing countries was above $500 bn in 2012 – representing 3. ...
Let the councils build homes again and fix our broken housing market image
Source : Guardian [Read Article] Saturday 11th of February 2017 07:00:09 AM
.... Yes, some private money is now coming into “build to let” but it won’t be sufficient for the huge number of low-cost, low-rent homes that are required. It is remarkable how, since the late 1950s, private sector output of homes has been consistently within a range of 150,000 to 200,000 per year. ...
‘A change of jobs is not only desirable but possible’ – our work expert responds image
.... (I wonder if this is a job for young people!). My question is: surely he has transferable skills? What other areas could he apply to? Is there a “private sector” where he could have a breather? He is hardworking physically and would love to work outdoors in a dream world, if we didn’t have a huge mortgage. ...
Fingerprint payments prompt privacy fears in India image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:00:13 AM
.... Sumandro Chattapadhyay, a director at the Centre for Internet and Society thinktank, is one of them. For starters, says Chattapadhyay, the law governing use of the biometric database, fast-tracked through parliament last year, is flimsy when it comes to the private sector. ...
Robots 'could replace 250,000 UK public sector workers' image
Source : Guardian [Read Article] Monday 6th of February 2017 09:10:14 AM
....Such “contingent labour” platforms, it says, could suit hospitals and schools as an alternative to traditional agency models, as well as organisations which experience seasonal peaks in demand such as HMRC at the end of the tax year. Reform also calls for a shift towards a more private sector-style organisational culture, suggesting that “shared kitchens and feedback boards [will] enable the spontaneous interactions that will support a new culture of public service innovation”. ...
My husband's social work job is under-resourced and burning him out image
Source : Guardian [Read Article] Friday 3rd of February 2017 07:00:08 AM
.... (I wonder if this is a job for young people!). My question is this: surely he has transferable skills, so what other areas could he apply to? Is there a “private sector” where he could have a breather? He is really hard-working physically and would love to work outdoors in a dream world, if we didn’t have a huge mortgage. ...
Trump’s honeymoon with the stock market will soon be over | Nouriel Roubini image
.... During the campaign, he bashed the Fed for being too dovish, and creating a “false economy”. And yet he may now be tempted to appoint new members to the Fed board who are even more dovish, and less independent, than Yellen in order to boost credit to the private sector. ...
Statisticians fear Trump White House will manipulate figures to fit narrative image
.... As the only political appointee in the BLS, it was Groshen’s last day in her four-year job. When asked about some of the risks cited by other statisticians – the increasing role of the private sector in public data collection, changes in methodologies which could make numbers appear more favorable – Groshen was confident in repeatedly asserting “the BLS is independent of the administration”. ...
Young people optimistic about economy despite Brexit, says study image
Source : Guardian [Read Article] Monday 30th of January 2017 07:00:46 AM
....”. That prediction was supported by an easing in the pace of growth among private sector companies in the three months to January, according to a CBI survey. ...
Highly paid part-time roles on the up as employers embrace job shares image
Source : Guardian [Read Article] Monday 30th of January 2017 12:01:38 AM
....The Guardian’s shared role of political editor, between Anushka Asthana and Heather Stewart, is also on the list. The only other role in the private sector from the list was human resources director at Lloyds carried out on three days a week each by Alix Ainsley and Charlotte Cherry. ...
Buy, George? World's largest fund manager hires Osborne as adviser image
Source : Guardian [Read Article] Friday 20th of January 2017 04:53:41 PM
....George Osborne is taking on a lucrative six-figure role as an adviser to BlackRock, the world’s biggest fund manager. The former chancellor has already earned considerable amounts in the private sector since Theresa May sacked him as chancellor, with speeches to Wall Street banks helping to make him the highest earning MP in 2016. ...
Wetherspoon ready for a comeback? image
Source : Guardian [Read Article] Sunday 15th of January 2017 07:00:09 AM
....You might have missed last year’s Pension Scheme of the Year Awards, so here’s a recap: the Royal Mail scooped a hat-trick of gongs for: defined benefit scheme of the year (asset value of over £2. 5bn); defined benefit communications (private sector); and best administration. ...
MPs tell Theresa May to halt sale of Green Investment Bank image
Source : Guardian [Read Article] Wednesday 11th of January 2017 03:04:21 PM
....”. Hurd added: “It is precisely because we want the Green Investment Bank to be able to do more, unfettered from the constraints of the state, that we are seeking to put it into the private sector. ...
Green Investment Bank sale should raise red flags for Theresa May image
Source : Guardian [Read Article] Monday 9th of January 2017 07:53:34 PM
....7bn of investments are pencilled in to be a tidy 10%. Why wouldn’t the private sector wish to put more capital behind GIB and its 140 staff in London and Edinburgh?. ...
Lloyds Bank: UK government no longer top shareholder image
Source : BBC [Read Article] Monday 9th of January 2017 10:00:23 AM
.... Read more from Simon here . "Returning Lloyds to the private sector and recovering all of the cash the taxpayer injected into the bank during the financial crisis is a priority for the government," said Chancellor of the Exchequer, Philip Hammond. ...
The Guardian view on the housing crisis: right to rent | Editorial image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:21:18 PM
.... In the later case of Ronan Point, the 1966 London tower block that collapsed catastrophically two years later, speed of construction overwhelmed the safety and security of the people who lived there. Just as significantly, it was during Macmillan’s premiership in the late 1950s that the private sector overtook the public as the nation’s leading housebuilder, for the first time since 1939. ...
Joining a gym? Save pennies as you shed the pounds image
Source : Guardian [Read Article] Saturday 7th of January 2017 06:59:12 AM
....50 for the pool. But the arrival of the budget operators such as The Gym and Pure means that local-authority annual membership deals are sometimes more expensive than the private sector. ...
Obama's labour market report card: not bad, could have done better image
Source : Guardian [Read Article] Friday 6th of January 2017 03:17:51 PM
....The guiding principle has been the need to avoid a second Great Depression, while eurozone policy makers have, at least until recently, focused on keeping inflation low. The Fed was quicker to cut interest rates than the European Central Bank, and years ahead in its willingness to use quantitative easing – bond purchases from the private sector – as a way of creating money. ...
Inheritance tax is toxic. We need new ways to tackle inequality | Polly Toynbee image
....This report is yet another brutal reminder that Britain is going backwards. The IFS concludes: “Today’s young adults will find it harder to accumulate wealth of their own than previous generations did, due to the sharp fall in home ownership, the dramatic decline in defined benefit pensions in the private sector, and the stagnation in household income. ...
Richest young people in UK also likely to inherit most wealth, study finds image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
.... Today’s elderly have much more wealth to leave to their children than their predecessors did. “At the same time, today’s young adults will find it harder to accumulate wealth of their own than previous generations did, due to the sharp fall in homeownership for that group, the dramatic decline of defined benefit pensions in the private sector and the stagnation in their incomes. ...
Trump's tweets keep US manufacturers on their toes image
Source : Guardian [Read Article] Wednesday 4th of January 2017 01:54:38 PM
....“This forum brings together CEOs and business leaders who know what it takes to create jobs and drive economic growth,” Trump said at the time of Barra’s appointment. “My administration is committed to drawing on private sector expertise and cutting the government red tape that is holding back our businesses from hiring, innovating and expanding right here in America. ...
Renewables investment in UK will fall 95% over next three years – study image
Source : Guardian [Read Article] Wednesday 4th of January 2017 01:31:36 PM
.... For the first time since 2012, high carbon investment had stopped growing, and will be down by two-thirds by 2020. “The picture of private sector investment is very clear: it is rapidly moving away from high carbon infrastructure. ...
British-Irish trade network set up to offset Brexit impact image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 11:01:04 AM
....org. BICC is a private sector trade organisation, founded in 2011 to represent businesses and employers with interests in the two islands of Great Britain and Ireland. ...
Majority of managers think Brexit uncertainty will affect UK economy image
Source : Guardian [Read Article] Wednesday 28th of December 2016 12:01:20 AM
.... Just 25% said they felt pessimistic. Managers in the private sector were more optimistic than those in the public and charity sectors. ...
Public sector pay down by thousands in real terms, says TUC image
Source : BBC [Read Article] Friday 23rd of December 2016 12:03:19 AM
....The Treasury said "difficult decisions" on public sector pay would protect 200,000 jobs. It added that public sector wages had kept pace with the private sector. ...
Adani coalmine 'covertly funded' by World Bank, says report image
Source : Guardian [Read Article] Thursday 22nd of December 2016 05:33:56 AM
....Adani’s Carmichael mine has been “covertly funded” by the World Bank through a private arm that is supposed to back “sustainable development”, according to a US-based human rights organisation. Adani Enterprises acquired exploration rights for Australia’s largest proposed coalmine in 2010 with a US$250m loan from banks including India’s ICICI, which was in turn bankrolled by the World Bank’s private sector arm, the International Finance Corporation, a report by Inclusive Development International says. ...
Italy's political class should be very alarmed if MPS needs state bailout image
Source : Guardian [Read Article] Wednesday 21st of December 2016 07:38:35 PM
.... Over the past five years, it has raised €8bn in capital but churned out losses of €15bn. But, turn the clock back just a few months, and there were realistic hopes that recapitalisation by the private sector would succeed. ...
Retail figures pick up as shoppers spend before price rises image
Source : Guardian [Read Article] Wednesday 21st of December 2016 07:04:24 PM
....“Looking ahead to 2017 against a backdrop of Brexit negotiations, the decline in the value of sterling and the prospect of higher inflation impacting purchasing power, we forecast that confidence will be tested by the storm and stress of the year to come,” said Staton. The CBI said in a separate report that its indicators from the private sector pointed to a solid close to the year but it highlighted challenges in 2017. ...
Italy approves a €20bn bailout plan for its banks image
Source : BBC [Read Article] Wednesday 21st of December 2016 11:31:34 AM
....2bn) in fresh capital to stage its own rescue, but so far it has raised only €500m (£420m). If the bank cannot arrange a successful private sector bailout, the Italian government will almost certainly step in. ...
Italy seeks 20bn euros for banks as Monte dei Paschi flounders image
Source : BBC [Read Article] Tuesday 20th of December 2016 12:54:43 AM
....The country's third-largest bank needs to raise €5bn in fresh capital by the end of the month. If Monte dei Paschi cannot arrange a private sector bailout, a state rescue may come as early as this week. ...
Banks may groan – but Andrew Tyrie is right to launch a new inquiry image
Source : Guardian [Read Article] Monday 19th of December 2016 07:05:55 PM
....Second, the current crisis in the Italian banking industry is a reminder that talk of state-funded bailouts has not been banished forever, at least in the eurozone. The Italian banks may, in the end, get all their capital from the private sector, but it is not reassuring that there is even room for doubt. ...
The Guardian view on trade unions: needed as much as ever | Editorial image
Source : Guardian [Read Article] Monday 19th of December 2016 06:42:05 PM
.... Trade union members tend to be older, better off and work in the old public sector. In the private sector, union membership is below 15%. ...
Don’t complain about the strikers – they’re only doing what we all should in 2017 | Paul Mason image
....One of the most pitiful things about the political class, and the economists who whisper certainties in their ear, is their distance from the actual experience of work. As trade union rights have become eroded throughout the private sector, and large chunks of the public sector become privatised, a culture of coercion has taken root at work. ...
World Bank raises record $75bn to help poorest members image
Source : Guardian [Read Article] Thursday 15th of December 2016 02:57:29 PM
....“This is a pivotal step in the movement to end extreme poverty,” the World Bank Group president, Jim Yong Kim, said. “The commitments made by our partners, combined with IDA’s innovations to crowd in the private sector and raise funds from capital markets, will transform the development trajectory of the world’s poorest countries. ...
Retail sales rise thanks to Black Friday boost in November image
Source : Guardian [Read Article] Thursday 15th of December 2016 11:33:01 AM
....“The concern is that we may be starting to see signs that rising inflation, weak pay growth and job insecurity among households are all starting to subdue consumer spending,” he said. “Financial worries rose especially sharply among households where the main earner is employed in the private sector, with government workers perhaps feeling more secure in their jobs due to recent suggestions that government spending may soon start to rise as austerity is reined back. ...
Government Digital Service faces a brain drain image
Source : BBC [Read Article] Thursday 15th of December 2016 08:51:44 AM
....Tim Farron, leader of the Liberal Democrats, expressed concern at these departures. "It should be deeply worrying to see some of the brightest talent in the civil service leaving public service to go and work in the private sector," he said. ...
UK employment falls in months after Brexit vote image
Source : Guardian [Read Article] Wednesday 14th of December 2016 05:29:53 PM
....“This is the first genuine disappointment we have seen in the hard data since the Brexit vote,” said Alan Clarke, UK economist at Scotiabank. John Philpott, an employment expert and director of The Jobs Economist, said a rise in public sector jobs was not enough to offset a fall in private sector employment. ...
UK jobs improvement has stalled as employers wait and see on Brexit image
Source : Guardian [Read Article] Wednesday 14th of December 2016 10:55:06 AM
.... The fall in employment of 6,000 during the three months to October followed an increase of 173,000 in the quarter ending in July. That is a marked deceleration and has been particularly pronounced in the private sector. ...
Hard-pressed private tenants need a union to stand up for their rights | Penny Anderson image
.... And thanks to Acorn in England and Living Rent in Scotland a tenants union is starting to look like a reality. With millions of tenants in the UK’s private sector, even a small monthly subscription would pay for properly resourced staff. ...
Union calls on Post Office to join 'serious talks' to avoid strike image
Source : Guardian [Read Article] Tuesday 13th of December 2016 01:17:30 PM
....”. The strike action comes after the Post Office confirmed plans to transfer more than 60 of its largest outlets to the private sector. ...
Italy plans Monte dei Paschi di Siena rescue if private bailout fails image
Source : Guardian [Read Article] Monday 12th of December 2016 05:29:57 PM
.... Such a move would cost Italy between €2bn and €4bn and would fall under EU rules that forbid state intervention unless bondholders first take a hit. The private sector plan is being led by Wall Street bank JP Morgan and is thought to require a major investor – such as the sovereign wealth fund from Qatar – to commit about €1bn. ...
Monte dei Paschi races to raise €5bn cash by end of year image
Source : BBC [Read Article] Monday 12th of December 2016 01:07:15 AM
....In a statement, the world's oldest bank said it would stick to the recovery plan it outlined on 25 October, which includes issuing new shares. The bank had sought a three-week extension until 20 January to seal a private sector rescue plan. ...
Keynesian economics: is it time for the theory to rise from the dead? image
Source : Guardian [Read Article] Sunday 11th of December 2016 12:52:51 PM
.... Both initiatives meet with Keynes’s approval. His works advised the use of aggressive monetary policy because lower interest rates should help to stimulate higher private sector investment, because in most cases this is what lifts economies out of recession. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 10th of December 2016 07:00:07 AM
....I live in a city and am looking to move closer to family in a more rural part of the country, although with access to larger towns and cities. I have worked in human resources for around 10 years, mainly in the private sector, and while I enjoy the job I am looking for a potential change of direction when I move home, perhaps with the ability to either work more flexibly or for myself. ...
ECB refuses to help Italy's crisis-hit Monte dei Paschi bank image
Source : Guardian [Read Article] Friday 9th of December 2016 07:23:35 PM
.... The MPS share price closed 10% lower as the bank’s board held a meeting that had already been scheduled before the reports that the ECB had rejected its calls for an extension to the deadline to bolster its financial position. The ECB refused to comment and gave no formal confirmation to MPS but its decision may have closed the door to a private sector solution, under which major investors including the sovereign wealth fund of Qatar would pump billions into the bank. ...
Monte Dei Paschi bailout: what you need to know – the Guardian briefing image
.... Time is short if private investors - notably Qatar’s sovereign wealth fund - are to be convinced to buy shares in the Italian bank. If the private sector solution fails, the expectation is that the Italian government will orchestrate a “precautionary recapitalisation” – a state-supported cash injection for the bank. ...
Monte dei Paschi shares plunge on ECB reports image
Source : BBC [Read Article] Friday 9th of December 2016 03:02:27 PM
....Shares in Italy's Monte dei Paschi di Siena bank have fallen following reports that the European Central Bank has rejected a request to give it more time to raise cash. Monte dei Paschi had sought a three-week extension until 20 January to seal a private sector €5bn rescue plan. ...
Italian banks damaged by referendum result, says Fitch image
Source : Guardian [Read Article] Tuesday 6th of December 2016 06:39:31 PM
....The Qatar Investment Authority – the gulf state’s sovereign wealth fund – is among the investors that MPS has hoped to convince to participate in the cash call. But the political uncertainty may deter such a private sector rescue and Italy is said to be preparing a package of measures under a “precautionary bailout”. ...
Train and track operations to be reunited in rail revamp image
Source : BBC [Read Article] Tuesday 6th of December 2016 12:23:29 AM
.... "It's quite clear they want to break up Network Rail, they want to privatise the rail infrastructure. "We don't want to go back to the days of [rail disasters] Hatfield and Potters Bar - that's what happens when you get the private sector in charge of our infrastructure. ...
Could Matteo Renzi's exit lead to an Italian bank rescue? image
Source : Guardian [Read Article] Monday 5th of December 2016 08:27:52 PM
....That wasn’t last week’s theory, of course. Back then, Renzi’s survival was seen as critical to encouraging private sector investors to cough up billions of euros of new capital to refinance the likes of Banca Monte dei Paschi di Siena and UniCredit. ...

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