James Gandolfini, star of Sopranos, dies at 51. Osborne readies for Lloyds sell-off. Jail reckless bankers report urges. Eurotunnel accused of overcharging. US races to mollify Karzai. Duchess opts for natural childbirth. Dolce and Gabbana convicted of tax evasion. BT chief Ian Livingston quits to become trade minister. Gavin Patterson takes BT Group chief exec role. 3i Group PLC The British buyout firm said David Whileman, partner and managing director of the company's UK private equity operations, and Tomas Ekman, head its private equity operations in the Nordic region have quit the company. 3i also announced the appointment of Fredrik Karlsson and Mattias Eklund as co-heads of the Nordic team from July 1. BNY MELLON The investment management company appointed Michael Chan as head of asset servicing for the Asia-Pacific region. Prior to this, Chan was managing director and head of sales for the company's asset servicing business in Asia.
Read More
A country which, in too many people’s eyes, is still synonymous with cocaine and is misspelt as Columbia, is rapidly becoming one of the strongest new emerging market economies. Earlier this month, the Financial Times, published a special report on Colombia, highlighting the different facades and efforts that have turned it into the booming economy that it is today. Ruchir Sharma, the head of emerging market operations at Morgan Stanley, recently claimed that the BRIC countries, previously once so considered, are now slowing down and on the brink of being overshadowed by the new emerging economies, which, in his opinion, are the Philippines, Indonesia, Thailand, Peru, Chile and Colombia. Sharma predicts that the BRIC countries will maintain their slower growth rate for the next few years, whilst the others will flourish thanks to political leaders who are focusing on economic reforms. Colombia is in a decade long civilian conflict with FARC, the Revolutionary Armed Forces of Colombia, and ENL, the National Liberation Army commonly identified…
Read More
Winston Fletcher to be remembered in literary competition. Coca-Cola hires Jessie Ware for biggest push behind Zico coconut water. Social shopping site Tothetops.com launches across Europe. Holland & Barrett marketer Phil Geary heads for Bounty. Leith buys Edinburgh rival Newhaven. GOLDMAN SACHS GROUP The investment bank appointed Ian Gilday as head of originations for collateralised loan obligations (CLO's) in the EMEA region. Gilday is a former head of the company's EMEA syndicate and leveraged capital markets. Littleton Glover will replace Gilday at the EMEA leveraged finance origination team. MILLENIUMASSOCIATES AG The corporate finance advisory firm appointed Pierre Fischer to its panel of senior advisors. Prior to this, Fischer was CEO of Swiss private lender Banque Safdie.
Read More
Overheden, farmaceutische bedrijven en medische experts krijgen meer en meer te maken met uitbraken van ‘superbugs’ die resistent zijn tegen huidige antibiotica. Het goedkeuringsproces van nieuwe antibiotica moet hierdoor steeds sneller voltooid worden, waardoor de veiligheid mogelijk in het geding kan komen. Dr. Janet Woodcock, verantwoordelijke voor onderzoek naar de veiligheid van medicijnen binnen het Amerikaanse Food and Drug administration, omschrijft de behoefte aan nieuwe antibiotica als een wereldwijde crisis, die in omvang toeneemt. De behoefte aan nieuwe antibiotica is zo kritisch, aldus sommigen, dat langdurige studies waarbij honderden of duizenden patiënten getest worden, op het zijpad gezet zouden moeten worden. In plaats hiervan zou het medicijn direct moeten worden getest op zieke patiënten. Het Amerikaanse ‘Health and Human Services Department’, kondigde vorige maand een overeenkomst met medicijnproducent GlaxoSmithKline aan, waarin 40 miljoen dollar beschikbaar is gesteld voor de ontwikkeling van nieuwe antibiotica die resistentie moet tegengaan en bruikbaar moet zijn tegen biologische wapens die mogelijk door terroristen kunnen worden ingezet. De Amerikaanse overheid kan…
Read More
Today’s Markets: Shares seen snapping losing streak Overnight Markets: Asian stocks recover from $1.1tn slump Yesterday’s Markets: Upbeat US data stalls global sell-off Trends: Financials drive global expansion in May Global Economy: Hopes for G8 trade & tax deals dented USA: S&P raises credit outlook for US economy Japan: Q1 economic growth revised up to 1% China: Debt sale fails for first time in two years China: World Bank cuts growth forecast Emerging Markets: Investor concerns over weak first half of 2013 Frontier Markets: Least-developed markets show resilience Greece: Downgraded to ‘emerging market’ status Currencies: Brazil acts after Real hits four-year low Energy: Ethanol discount to gasoline widens as sugar prices drop Property: Properties in England & Wales top pre-credit crunch highs Commodities: Hedge funds increase bets on a gold rally Focus On: Malaysia’s elections and the ASEAN market
Read More
Government officials, drug companies and medical experts, faced with outbreaks of antibiotic-resistant “superbugs,” are pushing to speed up the approval of new antibiotics, a move that is raising safety concerns among some critics. Dr. Janet Woodcock, the Food and Drug Administration’s head of drug evaluation and research, describes the need for new antibiotics as a worsening global crisis. The need for new antibiotics is so urgent, supporters of an overhaul say, that lengthy studies involving hundreds or thousands of patients should be waived in favor of directly testing such drugs in very sick patients. Influential lawmakers have said they are prepared to support legislation that allows for faster testing. The Health and Human Services Department last month announced an agreement under which it will pay $40 million to a major drug maker, GlaxoSmithKline, to help it develop medications to combat antibiotic resistance and biological agents that terrorists might use. Under the plan, the federal government could give the drug company as much as $200…
Read More
Todays Markets: European stocks may continue to fall Overnight Markets: Asian stocks decline on stimulus fears Yesterday’s Markets: Global sell-off on QE fears UK: Government challenges short-sell ban UK: Industrial output rises for third month running Greece: MSCI downgrade to emerging market status Greece: State broadcaster ERT to close in austerity drive Europe: Trade spat with China builds Japan: BoJ continues with monetary easing Switzerland: Tax deal with US rejected by committee Currencies: Euro trades near February high on ECB bets Energy: US estimates there is enough shale oil for 10 years Commodities: UK wheat area seen falling 29% after second wettest year ever Property: UK sales improve on rising confidence
Read More
RBS shares fall 6% as investors digest Stephen Hester's shock resignation. MPs recommend comprehensive inquiry into Google's 'unconvincing' tax affairs. Burberry teams with Google to send digital 'Burberry Kisses'. Digital marketing is 'invasive and annoying' claims study. EA named worst company in America in online poll. Stephen Haines leaves Facebook UK for global role. Sir Martin Sorrell gets the support of 99.98% of shareholders. RAYMOND JAMES FINANCIAL INC The company expanded its adviser force in Georgia with a veteran hire from top U.S. brokerage Morgan Stanley Wealth Management. Cynthia Woodsmall Jones, who managed more than $435 million in client assets at Morgan Stanley, moved to Raymond James in May after more than three decades with her former firm. DEUTSCHE BANK AG The bank appointed Karen Short as a director and research analyst covering the food retail sector within its markets division. Short was previously with BMO Capital Markets. TOWERS WATSON & CO The professional services company named Don Delves as director in its executive compensation…
Read More
Europese leiders waarschuwden afgelopen dinsdag dat jeugdwerkloosheid, die in sommige landen meer dan 50% bedraagt, kan leiden tot een continentale ramp en sociale onrust tegenover de overheden. De Franse, Duitse en Italiaanse overheden hebben gezamenlijk nieuwe initiatieven gelanceerd die ‘een hele generatie moeten redden’, waarbinnen velen bang zijn geen baan te kunnen vinden. Meer dan 7.5 miljoen jonge Europeanen tussen de 15 en 24 jaar hebben op dit moment geen werk, opleiding of training, volgens gegevens van de EU. Er zijn meer dan twee keer zo veel jonge mensen werkloos dan volwassenen, en meer dan de helft van de jongeren in Griekenland (59%) en Spanje (55%) zijn werkloos. Francois Hollande, de Franse president, heeft ze de ‘post-recessie generatie’ genoemd, die voor eeuwig de huidige overheid verantwoordelijk zal houden voor hun ongelukkig situatie. ‘Herinner je de naoorlogse generatie, mijn generatie gaf ons de steun die we nodig hadden, de hoop die we koesterden. De hoop dat we een baan zouden kunnen krijgen na een studie, en…
Read More
19/6/2013 - Ron Ezsak è stato nominato Director of Enterprise Sales di Expert System, leader in tecnologia semantica per la gestione delle informazioni. Ezsak, che lavorerà presso la nuova sede aziendale situata nell’area di Chicago, avrà il compito di rafforzare ancora di più la presenza dell’azienda negli Stati Uniti, in particolare nel settore del software per le imprese. Nell’ultimo anno Expert System ha più che raddoppiato il fatturato in America. Ron Ezsak, che ha maturato oltre 30 anni di esperienza nel campo del software, ha svolto l’attività di consulente, supportando le imprese nella definizione delle strategie commerciali e di approccio al mercato e nel miglioramento della relazione con il cliente. Prima di approdare in Expert System ha ricoperto incarichi dirigenziali anche in SoftServe Inc. e Tavant Technologies. 18/6/2013 - Delia Bushell è la nuova chief commercial officer di Sky Italia, a riporto dell’amministratore delegato Andrea Zappia. Dal maggio 2012 Bushell, che ha 41 anni, aveva l'incarico di chief strategy & commercial initiatives officer di Sky…
Read More
