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Owners of prime property in London confirm sale to Lodha Group

Feb 20, 2014 at 01:31 | Source: Economic Times

LONDON: Owners of a prime residential site in the heart of London have confirmed its sale to Mumbai's Lodha Group. The West End of London Property Unit Trust ( WELPUT) has sold New Court on Carey Street in central London to the Mumbai firm, its seco...

Flybe outlines base closures as part of job cuts plan

Nov 16, 2013 at 02:47 | Source: BBC

Flybe, the Exeter-based airline, is proposing to close six bases as part of its cost-cutting plan. Bases at Aberdeen, Guernsey, Inverness, Isle of Man, Jersey and Newcastle are due to close as the airline looks to save £85m over the next few years. ...

Pound weighs on FTSE 100 after ECB surprise

Nov 08, 2013 at 00:17 | Source: Market Watch

LONDON (MarketWatch) — Most U.K. stocks declined on Thursday as a stronger pound weighed on the investment mood in London after the European Central Bank unexpectedly cut interest rates. The FTSE 100 index (FTI:UK:UKX)  dropped 0.7% to close at 6...

Schroder Sees Rajan Steps Ending Record India Fund Exit

Oct 30, 2013 at 14:00 | Source: Business Week

Raghuram Rajan, governor of the Reserve Bank of India (RBI), is “a wonderful selection for the central bank,” John Morton, Boston-based head of emerging markets at Fischer Francis, a unit of BNP Paribas Investment Partners that manages about $54 ...

Schroder Sees Rajan Steps Ending Record Fund Exit: India Credit

Oct 30, 2013 at 10:00 | Source: Bloomberg

Reserve Bank of India Governor Raghuram Rajan's twin-pronged action to curb inflation and support economic growth is regaining the confidence of global investors after an unprecedented capital flight. Schroder Investment Management says inves...

Schroder Sees Rajan Steps Ending Record Fund Exit: India Credit

Oct 30, 2013 at 10:00 | Source: Business Week

Raghuram Rajan, governor of the Reserve Bank of India (RBI), is “a wonderful selection for the central bank,” John Morton, Boston-based head of emerging markets at Fischer Francis, a unit of BNP Paribas Investment Partners that manages about $54 ...

Europe stocks rise on U.S. budget deal progress

Oct 15, 2013 at 19:47 | Source: Market Watch

LONDON (MarketWatch) — European stock markets moved firmly higher on Tuesday as the U.S. fiscal standoff took a new turn with a bill proposal from Republican lawmakers and as Germany’s DAX 30 index flirted with an all-time high after upbeat data...

Stay away from easy money: Late Fed tapering could be a disaster for India

Oct 14, 2013 at 09:14 | Source: FirstPost

Emerging nations heaved a sigh of relief when the Federal Reserve last month decided not to reduce its monetary stimulus.By postponing the inevitable, the US central bank took pressure off emerging markets to implement reforms that could make them mo...

Dollar holds gains as Fed minutes point to taper

Oct 10, 2013 at 05:27 | Source: Market Watch

NEW YORK (MarketWatch) — The U.S. dollar gained ground versus major rivals Wednesday after the minutes of the September Federal Reserve meeting showed most members of the central bank’s policy panel still hoped to begin scaling back the flow of ...

Axis Mutual Fund hopes to make profit this fiscal

Sep 29, 2013 at 12:57 | Source: Economic Times

MUMBAI: Axis Mutual Fund, the fund house promoted by private sector lender Axis Bank, is hopeful of making profit this financial year, a top company official has said. "We were close to break even point last financial year. We are hopeful of being pr...

Is Angela Merkel too boring for Germany?

Sep 16, 2013 at 14:17 | Source: Economic Times

MUNICH: It is election season in Germany, and Angela Merkel, the chancellor, is living through her worst nightmare. The allegedly most powerful female politician on the planet hates campaign politics. Merkel should be confident and upbeat. She has ma...

Bunge to sell entire stake in Moroccan fertilizer JV to OCP Group

Sep 06, 2013 at 15:17 | Source: DomainB

US agriculture and food conglomerate Bunge Ltd yesterday agreed to sell its stake in Moroccan fertilizer company Bunge Maroc Phosphore S.A. to its joint venture partner OCP Group, for an undisclosed sum. Bunge, which holds a 50-per cent stake in Bun...

FTSE 100 drops after BOE minutes

Aug 14, 2013 at 23:32 | Source: Market Watch

LONDON (MarketWatch) — U.K. stocks dropped on Wednesday, after minutes from the August Bank of England meeting showed one out of nine members voted against adopting forward guidance on policy, interpreted as a hawkish release by investors. Meanwhi...

FTSE 100 up after four-day slide; miners rise

Aug 08, 2013 at 16:32 | Source: Market Watch

LONDON (MarketWatch) — The FTSE 100 index, recovering from four days of consecutive losses, advanced on Thursday after better-than-expected trade data from China gave mining firms a boost. The benchmark (FTI:UK:UKX)  gained 0.4% to 6,534.01 after...

Will your pension disappear, post-Detroit?

Jul 24, 2013 at 16:07 | Source: Market Watch

State and local government workers with traditional pension plans might want to revisit their retirement-income plans in the wake of Detroit’s filing for bankruptcy. As many know by now, workers and retirees for that troubled city, which has an un...

Church of England backs consortium's bid for RBS branches

Jun 28, 2013 at 19:22 | Source: DomainB

The Church of England is backing a consortium's multi-million pound bid for the 316 branches of Royal Bank of Scotland (RBS), Sky News today reported without citing a source. The Church of England Commissioners, who manage �5.5 billion of investme...

Consumer stocks shine in emerging market gloom

May 18, 2013 at 19:45 | Source: FirstPost

LONDON (Reuters) - A broad collapse of company profits in the developing world shows no sign of abating, forcing investors to tilt portfolios towards sectors such as healthcare or consumer goods where margins are more robust.What is evolving is in ef...

FIIs unlikely to invest in a big way into Indian markets: Michael Dobson, Schroders

May 13, 2013 at 01:41 | Source: Economic Times

Michael Dobson is the chief executive at Schroders, a leading global asset management company, which manages funds worth $359 billion, for institutional and retail investors, financial institutions and high networth clients from around the world. Fo...

Search called off for Australia cruise passengers

May 11, 2013 at 10:47 | Source: BBC

Rescue teams have called off a search for two people who apparently fell from a cruise ship off the south-eastern coast of Australia on Wednesday night. A surveillance camera showed a man and a woman plunging from the mid deck of the Carnival Spirit ...

Australia cruise passengers fall overboard

May 10, 2013 at 13:32 | Source: BBC

A search is continuing off the south-eastern coast of Australia for a man and a woman who appear to have fallen from a cruise ship on Wednesday night. A surveillance camera on the Carnival Spirit showed the pair plunging from the mid deck, about 120k...

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