Sunday, 6 May 2012

Bankers' vitriol has masked King's uncomfortable message

I don't know Sir Mervyn King particularly well. I've talked with the Bank of England Governor á deuxjust a few times over the years, always at official functions.

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It's China's mass market that offers the best opportunities

One of the things which surprised me as I walked round a WuMart supermarket in Beijing recently was the number of Western brands on the shelves. Pampers, Quaker Oats and even Blue Nun wine at an eye-watering £18 a bottle jumped out.

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US jobs data disappoints as workers give up

US unemployment fell to 8.1pc in April as 115,000 jobs were created, but the bulk of the drop was due to the hundreds of thousands of Americans who stopped looking for work.

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Investors want Aviva CEO replaced

Two of Aviva's largest shareholders have called on incoming chairman John McFarlane to replace chief executive Andrew Moss at his earliest convenience.

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Banks close to swaps 'mis-selling' investigation

British banks are facing the prospect of a major investigation by the Financial Services Authority into alleged mis-selling of billions of pounds of complex interest rate hedging products to small businesses.

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John Lewis considering opening shops in China

John Lewis Partnership, the employee-owned retailer, is exploring opening shops in China, a move which would mark its first foray outside the UK.

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EU signals end of 'Merkozy' austerity drive

The EU's top economic official called for a new investment pact, in the latest sign Brussels is preparing to reconcile Germany's austerity drive with the growth agenda of French presidential favourite François Hollande.

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Former IHG chief to run Fitness First

Andrew Cosslett, the former chief executive of Intercontinental Hotels Group (IHG), is to become the new head of Fitness First, the ailing gym chain.

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