Recently added articles from Sunday Business (London, England):
Debt market revival first ray of hope on credit crunch.
Sep 29, 2007 ... Byline: Mark Leftly Sep. 29--Secondary debt prices have started to rise for the first time since the market dived last month, a development that will fuel hopes the credit crunch is abating at last. Debt on a series of deals is being sold on by trading desks at ...
Economists predict rate cuts as credit crunch bites.
Sep 29, 2007 ... Byline: Tom Burroughes Sep. 29--City economists expect the Bank of England to start cutting interest rates sooner than previously forecast due to the growth-sapping impact of the credit crunch. A survey of 22 economists by this magazine reveals that 14 have changed ...
The Business, London, Bill Jamieson column.(Column)
Sep 29, 2007 ... Byline: Bill Jamieson Sep. 29--Markets and investors are struggling to gauge the long-term consequences of the global credit crunch and its convulsive impact on the UK banking sector. But even before consequences are known with any certainty, a policy consensus already appears ...
The Business, London, Fraser Nelson column.(Column)
Sep 29, 2007 ... Byline: Fraser Nelson Sep. 29--Even by Gordon Brown's Houdini-style standards, it has been an extraordinary escape. The credit crunch is a global crisis, but only in Britain has there been a run on the banks. Only in Britain did the central bank fail to pump penalty-free ...
Petrodollar flush.
Sep 29, 2007 ... Sep. 29--The sleek-feathered Arabian falcon perched on the arm of Shaun Wright-Phillips, the Chelsea and England winger, looked nonplussed. The bird's paymaster, Etihad, an airline based in Abu Dhabi, had just signed a sponsorship deal with Chelsea FC, which will see the Gulf carrier's ...
Foreigners prop up London property prices.
Sep 29, 2007 ... Byline: Catherine Boyle Sep. 29--Record foreign purchases of high-end London homes are cushioning the market from the ravages of the credit crunch, research this week will reveal. Foreign buyers account for a third of purchases in the [pounds sterling]1m-plus ...
Darling in fresh bid to keep [pounds sterling]29bn in liabilities off Treasury's books.
Sep 29, 2007 ... Byline: Mark Leftly Sep. 29--Chancellor Alistair Darling has launched a last-ditch attempt to keep up to [pounds sterling]29bn ($58.5bn, E41.4bn) of private finance initiative (PFI) contracts off the Government's balance sheet. It was thought the Government's ...
The Business, London, In the Dock column.(Column)
Sep 29, 2007 ... Byline: The Judge Sep. 29--Toytown is not much fun these days for Robert Eckert, chief executive of Mattel. He had hardly finished expressing deep contrition at Congressional hearings about the dangers to children posed by millions of toys made for Mattel in China before another ...
EDITORIAL: Grim reality of market turmoil heralds a new weak dollar era.(Editorial)
Sep 29, 2007 ... Sep. 29--When the credit crunch first started causing market turmoil in the summer, it became fashionable to argue that it wouldn't affect "the real economy," as if the financial sector somehow didn't exist. Three months later, and after the first run on a British high street bank since ...
The Business, London, Matthew Lynn column.(Column)
Sep 29, 2007 ... Byline: Matthew Lynn Sep. 29--Worried about your portfolio? As the credit crunch continues to send shockwaves through the City, you are probably wondering where to park your money until it all blows over. The Swiss franc, maybe? Or US government bonds? Actually, ...
The Business, London, Media File column.(Column)
Sep 29, 2007 ... Byline: David Crow Sep. 29--Men's magazines is truly a sector in crisis: in the first six months of 2007 nearly all UK titles aimed at the coveted 18 to 34-year-old market posted dramatic falls in circulation. FHM -- Emap's leading men's title -- was hit the hardest; it sold an ...
The Business, London, real estate column.(Column)
Sep 29, 2007 ... Sep. 29--It was inevitable. Last year, central London commercial property transactions totalled [pounds sterling]16.9bn ($34.1bn, e24.1bn), according to DTZ, the estate agents, more than double the 10-year average of [pounds sterling]8.2bn a year. Now, with 5.5m sq ft of speculative City ...
The Business, London, Cheryl Taylor column.(Column)
Sep 29, 2007 ... Byline: Cheryl Taylor Sep. 29--It is not only in credit crunch-affected Britain or America that the housing market has caught a chill. Growth in residential property prices around the world is slowing, a development which will hit hundreds of thousands of investors who had grown ...
The Business, London, The shape of things to come column.(Column)
Sep 29, 2007 ... Byline: James Forsyth Sep. 29--Microsoft clearly puts its faith in the old proverb that attack is the best form of defence. After a week in which its position came under threat both from the courts and its commercial competitors, it came out swinging with a mooted $500m for a 5 ...
The Business, London, Tom Burroughes column.(Column)
Sep 22, 2007 ... Byline: Tom Burroughes Sep. 22--For all the yo-yoing share prices, tumbling property prices, busted hedge funds, troubled private equity and surging cost of credit, it is not all bad news for investors. For a start, cash looks less dull as financial institutions have ...
Credit fallout taking toll on commercial property.
Sep 22, 2007 ... Byline: Catherine Boyle Sep. 22--The boom in the UK commercial property market has become the latest victim of the credit crunch, the trade body for chartered surveyors has warned. Oliver Gilmartin, senior economist at the Royal Institute of Chartered Surveyors, told ...
The Business, London, In the Dock column.(Column)
Sep 22, 2007 ... Byline: The Judge Sep. 22--So now it's official: Alan Greenspan, the former chairman of the Federal Reserve, believes the US housing market is suffering from a bubble. Though he was careful never to use that word when he was in office, he admitted this week that his talk of ...
The Business, London, Helen Dunne column.(Column)
Sep 22, 2007 ... Byline: Helen Dunne Sep. 22--Even as Barclays' shareholders overwhelmingly backed the bank's bid for Dutch rival ABN Amro last week, chief executive John Varley would have realised that the result was already academic. The crisis in the world's credit markets and the ...
Gathering storm clouds see UK economists cut growth forecasts.
Sep 22, 2007 ... Byline: Tom Burroughes Sep. 22--Economists are slashing growth forecasts for next year as the clouds darken over the UK economy. More than half those polled in a survey by The Business acknowledged they have reined in their predictions, with most of the remainder ...
Wadhwani hit by slump at hedge fund.
Sep 22, 2007 ... Byline: helen dunne Sep. 22--Sushil Wadhwani, a former member of the Bank of England's monetary policy committee, suffered a close to two-thirds slump in the annual payout from his eponymous hedge fund to [pounds sterling]2.73m ($5.4m, e3.9m) last year. The collapse ...