Bank of England agrees Chinese London currency clearing hub … The deal is part of a plan to make London a key offshore Chinese currency clearing centre … The Bank of England has agreed a deal with the People's Bank of China to make London a hub for Chinese currency dealing. The memorandum of understanding, to be signed on Monday, sets out settlement and clearing arrangements for th...Read More
The International Monetary Fund has agreed a $14-18 billion two-year bailout for Ukraine, a deal to help it recover from months of turmoil that will also unlock further credits making a total of $27 billion. The agreement, announced on Thursday, is intended to help the heavily-indebted ex-Soviet republic stabilize its economy after anti-government protests which resulted in the overthrow of Presid...Read More
France is the 'sick man of Europe' … It's France's turn to be the "sick man of Europe," a competition that no country wants to win. The phrase seems to have originated with Tsar Nicholas I of Russia, who wrote it in reference to the Ottoman (Turkish) Empire in the mid-nineteenth century. The Tsar said Turkey was "sick" and journalists added the "man o...Read More
Jeremy Grantham: The Fed is killing the recovery … If you hate the Federal Reserve, you have a new hero. A few weeks ago, Jeremy Grantham, the co-founder of money management firm GMO, called newly appointed Federal Reserve chairman Janet Yellen "ignorant" in the New York Times. He also said the reason for the slow recovery was not the severe financial crisis, continued high unemplo...Read More
France is the 'sick man of Europe' … It's France's turn to be the "sick man of Europe," a competition that no country wants to win. The phrase seems to have originated with Tsar Nicholas I of Russia, who wrote it in reference to the Ottoman (Turkish) Empire in the mid-nineteenth century. The Tsar said Turkey was "sick" and journalists added the "man o...Read More
Jeremy Grantham: The Fed is killing the recovery … If you hate the Federal Reserve, you have a new hero. A few weeks ago, Jeremy Grantham, the co-founder of money management firm GMO, called newly appointed Federal Reserve chairman Janet Yellen "ignorant" in the New York Times. He also said the reason for the slow recovery was not the severe financial crisis, continued high unemplo...Read More
Just when folks are told to steer clear of certain investments, the trend changes. But that's typical, is it not?At the start of this year, the market mavens told investors to lighten up on Canadian stocks, but to load up on U.S. ones.Therein lies the rub. Yes, U.S. stocks did well in 2013. But they've taken a back seat to their Canadian counterparts so far this year.Not only does this reflect the...Read More
Millennial Madness: What Happens If Young Voters Bolt Both Parties? New study shows choosiest voters itching to disrupt two-party system … When I was the age my kids are now, television networks offered three, barely distinguishable choices. Including Internet video, my kids' options are almost infinite. I walked to a library. My kids download books. I owned a few dozen cassette tapes. T...Read More
Editor Leaves Bloomberg, Citing China Coverage … Ben Richardson, an editor at large in Asia at Bloomberg News, announced his resignation on Monday, citing the company's handling of an investigative report in China late last year. He is the third reporter or editor to leave the organization since several news organizations reported last November that Bloomberg had declined to publish an i...Read More
Millennial Madness: What Happens If Young Voters Bolt Both Parties? New study shows choosiest voters itching to disrupt two-party system … When I was the age my kids are now, television networks offered three, barely distinguishable choices. Including Internet video, my kids' options are almost infinite. I walked to a library. My kids download books. I owned a few dozen cassette tapes. T...Read More
Editor Leaves Bloomberg, Citing China Coverage … Ben Richardson, an editor at large in Asia at Bloomberg News, announced his resignation on Monday, citing the company's handling of an investigative report in China late last year. He is the third reporter or editor to leave the organization since several news organizations reported last November that Bloomberg had declined to publish an i...Read More
Ethno-religious violence between Muslims and Christians in the Central African Republic (CAR) has killed thousands over the past year. Hundreds of thousands have become refugees and the UN recently began investigating reports of genocide.But the conflict could also destroy one of the country's biggest industries: diamond mining - which also happens to be one of the biggest sources of conflict.AllA...Read More
Noah epic awash in flood of controversy for green agenda and taking liberties with Bible … Hollywood studio adds "artistic licence" warning for "the least biblical biblical film ever made" starring Russell Crowe as Noah … It is truly a Hollywood epic of biblical proportions, the original disaster story of the man chosen by God to undertake the greatest rescue in his...Read More
Colorado approves retroactive reversal of marijuana convictions … The Colorado Court of Appeals has ruled that residents there convicted of marijuana possession before recreational weed was legalized may be eligible to have those decisions overturned. As of January 1, 2014, adults from Colorado are legally allowed to buy up to one ounce of marijuana under the state Constitution's recentl...Read More
Noah epic awash in flood of controversy for green agenda and taking liberties with Bible … Hollywood studio adds "artistic licence" warning for "the least biblical biblical film ever made" starring Russell Crowe as Noah … It is truly a Hollywood epic of biblical proportions, the original disaster story of the man chosen by God to undertake the greatest rescue in his...Read More
Colorado approves retroactive reversal of marijuana convictions … The Colorado Court of Appeals has ruled that residents there convicted of marijuana possession before recreational weed was legalized may be eligible to have those decisions overturned. As of January 1, 2014, adults from Colorado are legally allowed to buy up to one ounce of marijuana under the state Constitution's recentl...Read More
Schumer: Senate has votes for media shield law … A supporter of a bill to protect reporters and the news media from having to reveal confidential sources said Friday the measure has the backing of the Obama administration and the support of enough senators to move ahead this year. Sen. Chuck Schumer of New York, the No. 3 Democrat in the Senate, spoke optimistically about prospects for the m...Read More
One Reason It May Be Harder to Find Flight 370: We Messed Up the Currents … Scientists say man-made climate change has fundamentally altered the currents of the vast, deep oceans where investigators are currently scouring for the missing Malaysian Airlines flight, setting a complex stage for the ongoing search for MH370. If the Boeing 777 did plunge into the ocean somewhere in the vicinity o...Read More
Schumer: Senate has votes for media shield law … A supporter of a bill to protect reporters and the news media from having to reveal confidential sources said Friday the measure has the backing of the Obama administration and the support of enough senators to move ahead this year. Sen. Chuck Schumer of New York, the No. 3 Democrat in the Senate, spoke optimistically about prospects for the m...Read More
One Reason It May Be Harder to Find Flight 370: We Messed Up the Currents … Scientists say man-made climate change has fundamentally altered the currents of the vast, deep oceans where investigators are currently scouring for the missing Malaysian Airlines flight, setting a complex stage for the ongoing search for MH370. If the Boeing 777 did plunge into the ocean somewhere in the vicinity o...Read More