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Monthly Archives: September 2013

Breaking news

US government on verge of breakdown. Osborne to force jobless into community work. Hundreds of under 11s sent to A&E due to drugs or alcohol. Obama, eat your heart out: Tony travels in style on Blair Force One.   HSBC HOLDINGS PLC The banking and financial services firm made eight senior appointments in its Asia-Pacific equities unit. Dok Chon was named head of equity sales trading for Korea, based in Seoul. Justin Abbiss was made senior equities sales trader, based in Hong Kong. Kent Chen was appointed head of equity sales trading for Taiwan, based in Taipei. The company said Danny Holder will join as head of dealing, equities, based in Hong Kong. Aalind Jindal will be director in US Asian equities sales, based in New York. Simmy Lee will be director in Corporate Access, based in Hong Kong. Quentin Limouzi was appointed as director in customized electronic services, Asia-Pacific, based in Hong Kong. Fiona Wong was appointed director in equity sales, Hong Kong and…

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Friday financial focus

  Asian shares firm, but US budget impasse has investors on edge UK growth confirmed as Q1 estimates hiked UK retail sales grow at fastest pace since June 2012 USA could run out of money by 17th October Biggest banks close capital hole by €83bn French 2014 budget taxes households more but firms less Italy consumers confident after two-year gap Gold declines on surprise drop in US jobless claims Yen falls on speculation Abe will cut taxes WTI crude gains for the first time in 6 days on Thursday Football Finance Focus Juventus continues financial upturn Arsenal's profit's drop despite increased revenues Friday Focus Foreign investors own more than half of UK company shares Asian shares firm, but US budget impasse has investors on edge. Asian shares ticked up on Friday after US jobless claims data pointed to an improving labour market, but the lack of progress in budget and debt negotiations in Washington kept investors on edge. The solid jobs data revived expectations of a reduction in…

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Shut up about how busy you are

We are all busy nowadays. We’re all struggling to keep our heads above water, but there’s no need to bang on about it. To continue the nautical metaphor, we’re all in the same boat, but some people seem to think they’re in a special one. Ask: “How are you?” and you are likely to be bombarded by one-upmanship in the time-pressurision stakes. Someone told me about a potential client who apologised for a lack of communication, due to a “week-long fire drill”. What does that even mean? Fake, not real fires all week? Offices in flames? Need us to call the fire services? Or maybe a consellor of some sort? A colleague’s first date told  her he was; “crashing on deadlines”, and asked her to, “just make a reservation somewhere” for him. That didn’t work out. A lot of this is people just out-doing each other. If I am busier than you, I am more important, my time is more valuable and I am winning…

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Breaking news

French top the list of foreign fine dodgers. Water found on Mars. Spain considering change to Franco’s working hours: Adios siesta. Qatar World Cup construction 'will leave 4,000 migrant workers dead'. Samantha Lewthwaite (White Widow) arrest warrant issued by Interpol. Bill Gates: Ctrl+Alt+Del was a mistake. Heston Blumenthal awarded sixth Michelin star for London restaurant Dinner. Top chef. Card sharp used infrared contact lenses in Cannes poker scam. 'I would never use homosexual couples in my adverts': Barilla pasta brand faces boycott after boss's comments spark backlash. Both pilots fall asleep on jet leaving plane in autopilot. Chinese man grows new nose for transplant on his forehead. Samuel L Jackson tells Obama to be ‘f***ing presidential’. BANK OF AMERICA MERRILL LYNCH The commercial and corporate banking and markets adviser has appointed Ryan Holsheimer as head of global markets sales, trading and risk functions in Australia. Holsheimer, who joined Bank of America Merrill Lynch as head of Asia Pacific sales trading and execution services in 2011,…

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Breaking news

Where do all the migrants go?

  In light of the note I wrote on Sunday regarding migrants, I thought it is a good occasion to understand where the migrants are going to today. Migration statistically is challenging data to capture precisely, because we are referring to people on the move and for this one has to take data across time, create a definition about who the migrants are and try to make sense of their movements. United Nations published a report in June this year regarding international migration which sums up the latest information about this growing phenomenon. It says that there are currently 232 million people who have emigrated from their country of origin. Moreover, the split between men and women is almost equal, meaning 48% of migrants are women. By analysing the data of 2000 up to 2013, it is clear that the countries migrants move to the most have remained the United States and the old continent, Europe. However, there is increasing evidence of movement between emerging…

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Breaking news

Kenyan shopping mall ‘over’; 72 dead. Miliband to promise new homes plan. Stephen Fry joins demand to end NSA and GCHQ mass surveillance. Godfrey Bloom quits as Ukip MEP. Credit card debt hits four-year high. Obama: ‘I am afraid of my wife.’ U2 frontman chased down street by German anarchists shouting 'Make Bono history.' VW Camper van to be scrapped at end of the year. Over 10 million made in 63 years. Aldi sales grow at record pace. Sir Ben Ainslie's Oracle Team draw level to set up incredible climax to America's Cup. Fake 'waterproof iPhone' ad tricks users into destroying their smartphones. RBC CAPITAL MARKETS The corporate and investment banking division of Royal Bank of Canada has appointed Gary Bisbee as managing director, based in New York. Bisbee will cover the business and educational services sector. He joins the company from Barclays . NIKKO ASSET MANAGEMENT CO LTD The Tokyo-based asset management firm has appointed Hideo Abe as executive vice chairman. Abe was most…

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Whistle while you work

Gallup’s latest State of the American Workplace survey, shows that 70% of US employees are not engaged at work. This begs a question for managers: “When was the last time you really made the effort to see what the people you work with are really thinking and how they feel about their work?” This is key information if you want to attract and retain talented staff, in order to provide a superior product in your marketplace. Some enlightened leaders do that one simple thing; they ask their employees how they feel and what they get in return could be priceless information, which helps them retain their best employees and optimise productivity. Video game retailer, GameStop’s director of human resources, Daniel Parent, is one of those leaders. He knows the power of checking in with his team. He schedules regular appointments saying: “Ask employees how happy they are at work and what can I do to make them happier.” He has learned that asking those two…

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Breaking news

Americans and Briton among attackers. Nairobi attack: Kenyan forcesmbattle to clear Islamist terrorists from mall. Labour throws HS2 in doubt. Merkel wins historic third term. Apple sells 9 million units in their best launch ever. Boris’ bus crashes on first day of service; driving wrong way. Blackberry aims to go private in $4.7bn deal with Fairfax Financial Group. Smoke billows across west London as residents are evacuated after major chemical fire. North Korea denies Kim Jong-un executed mistress to protect wife. STANDARD CHARTERED PLC The Standard Chartered Bank has appointed Madhur Jha as senior global economist within the global research team. Madhur will be based in London and joins from HSBC, where she worked as an economist and asset-backed security strategist. BARCLAYS BANK PLC The global financial services provider has appointed Peter Horrell as the chief executive of its wealth and investment management business. Horrell was named the interim CEO of the business in April with effect from May 1. ECM ASSET MANAGEMENT The multi-asset…

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Breaking news

Balls pledges 25 hours free childcare. Kenya mall siege: 'final assault' begins. 68 dead. Rolf Harris in court. Merkel secures third election win. Obama urges gun law changes. UBS AG Simon Warshaw, a senior dealmaker with the company, who led the team advising Vodafone on a recent $130 billion deal, is leaving the Swiss bank after 27 years there. Warshaw has decided to leave UBS to embark on "a new chapter in his career", according to an internal memo sent by Andrea Orcel, the head of UBS's investment bank, the contents of which were confirmed by the bank. STANDARD CHARTERED The bank appointed David Fein as group general counsel. Fein will advise on issues related to mergers and corporate activity. The bank also named Jean Moorhouse as head of group prudential regulatory affairs. Moorhouse, who will join from Lloyds Banking Group on Nov. 25, will manage the bank's relationship with UK Prudential Regulatory Authority. AMERICAN INTERNATIONAL GROUP INC The global insurance company appointed Eric Zheng…

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