Posts Tagged ‘London’

HSBC To Double Basic Banker Pay In Advance Of EU Bonus Restrictions

Hong Kong and Shanghai Banking Corp. plans to double the basic pay of senior investment banks to get around tightening European Union rules on bonus payouts. Those who will benefit from the scheme are HSBC bankers in London, New York and Hong Kong. View full post on Banking Stories

Commodities Prices Fall On Chinese Interest Rates Fears

Linda Young – AHN News Writer New York, NY, United States (AHN) – Commodities prices for precious metals, oil and agricultural raw materials took the hardest fall in 18 months on news that China might take steps to avert inflation. Prices of commodities futures fell by up to 3.8 percent on news that China’s central [...]

Libyan Press Crackdown Targets Leader’s Reformist Son

The Media Line Staff Tripoli, Libya David E. Miller – Libyan authorities have detained at least 20 journalists belonging to the Libya Press news agency in Tripoli and Benghazi, in an unusual move apparently aimed at Saif Al-Islam Qaddafi, the son of Libyan leader Muammar Qaddafi. The arrests mark a second assault against the media [...]

FTSE 100 miners rise as copper climbs to a two-year high

Copper prices climbed to a two-year high on Friday, pushing up London’s large-cap miners Vedanta and Eurasian. View full post on UK Business Stories

Britain Plans To Make All 26 Million Homes Green In Next 10 Years

AHN News Staff London, England, United Kingdom (AHN) – British Energy and Climate Change Secretary Chris Huhne announced Tuesday a plan that would make all 26 million homes in the country green over the next 10 years. Under the New Green Deal, local councils, supermarkets and chain stores would extend loans up to $15,000 (10,000 [...]

President Obama Looks Forward To Expanding Exports During Asia Trip

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – The Obama Administration is preparing to promote exports with “Made in America” brand from manufacturing sector during the upcoming presidential trip to Asia, officials told journalists on Monday. During his trip to Asia later this week, President Barack Obama would concentrate on opening [...]

British PM launches growth and jobs strategy

LONDON: British Prime Minister David Cameron, fresh from unleashing the biggest public spending cuts in decades, vowed on Monday to help deliver private sector jobs and growth in a key speech to business chiefs. View full post on Business Stories

Unemployment Fear Spurs More Britons To Save

AHN News Staff London, England, United Kingdom (AHN) – More Britons are savings larger amounts of money, according to the survey of National Savings & Investments released Monday. The study attributed the growing savings habits of Britons to fears of unemployment. According to the annual savings survey, 52 percent of the country’s population saves money. [...]

Sainsbury’s Eyes China Foray

AHN News Staff London, England, United Kingdom (AHN) – Major British supermarket chain Sainsbury’s said on Sunday it is considering opening outlets in China. The company sent last month six representatives to look into the business potentials of opening stores in the Asian nation with a very large consumer market. It would be Sainsbury’s first [...]

Delhi’s Khan Market Rated 21st Costliest Place To Shop

AHN News Staff New Delhi, India (AHN) – Delhi just got costlier on the global retail barometer as one of its most posh markets, the Khan Market, moved up three rungs to become the 21st most expensive shopping street in the world. The rental at Khan Market is calculated to be $284 per square foot [...]