Asset prices worldwide have risen to potent levels reminiscent of the credit boom 5 years earlier. The Bank of International Settlements has warned that they may be losing touch with economic reality. Some asset prices appeared highly valued in a historical context relative to indicators of their riskiness. The institute states that it is unusual […]
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The Investment Management Association has confirmed that Daniel Godfrey, former director general of the Association of Investment Companies, as its new chief executive. Godfrey will take this post on December 1st and will be replacing Richard Saunders who has provided 11 years of service at its head. Saunders said, â€œAfter 11 years in this role […]
Invensys has announced David Thomas, who has been the Acting Chief Financial Officer of the group since March 2011, has been appointed as the Chief Financial Officer of the Group. Invensys applies and creates advanced technologies that enable appliances, manufacturing and energy-generating facilities, and transit rail networks to operate in an energy-efficient and safe manner. […]
I was looking for a free online bookkeeping solution to suggest to a friend when I came across Numia.biz software. I got interested so I started reading the website to collect as much information as possible so I can make an informative suggestion. The first thing that caught my attention is that this company did […]
GM is shedding the Saab, Saturn, Hummer and Pontiac brands to focus on Chevrolet, Cadillac, GMC and Buick.
Alpha Bank announced on the 31st of August the completion of the sale of treasury shares. The bank confirmed it has sold through almost 1.50% of the bankâ€™s issued common voting shares to an institutional investor through a private placement. Over 6 million treasury shares were transferred to the institutional investor at a sale price […]
General Motors, the once-upon-a-time largest US automaker is finally coming to terms with the bankruptcy scenarios that have been around for the past year or so. GM had so far used up $19.4 billiion in US Treasury loans but billions more are needed to keep the giant running. So the suggested a deal to their […]
Today sees the release of economic sentiment in Germany and the Eurozone along with the release of UK inflation data that should once again indicate a sharp fall due to the weakening economy. USDJPY is higher as Japanese Finance Minister Nakagawa said he would resign after budget bill had passed through parliament. Nakagawaâ€™s decision comes […]
Investment bank bonuses seem to be in the centre of the global attention in the past few weeks and there is a very good reason for this. It is clear â€“ hopefully â€“ by now that the investment bank model resembled closely that of a casino, ie huge returns and bonuses for the insiders and […]
The Bush administration finally made an announcement today over a short term rescue plan for GM and Chrysler who it has been agreed to get financing until March. Treasury Secretary Paulson said that even if bankruptcy is the outcome then itâ€™s important that itâ€™s orderly.