UNITED KINGDOM

IBTimes Logo

Hedge funds tip-toe toward an uncertain future

It wasn't too long ago big-time hedge fund managers like James Pallotta were erecting monuments to themselves. In Pallotta's case, it was a $21 million Georgian-style mansion he built in 2007 in Weston, a leafy Boston suburb uncomfortable with such displays of wealth.
IBTimes Logo

Bank executive searches soaring: Korn/Ferry CEO

Demand for executive talent at Wall Street firms has rebounded strongly, and the coming bonus season may see an exodus to overseas rivals that have no limits on pay, the CEO of the world's largest executive search firm, Korn/Ferry International Inc (KFY.N), said
More news
IBTimes Logo

EU demand scant for non-rain forest palm oil

Europe's food industry is proving slow to buy palm oil certified under a new scheme as produced without destroying tropical rain forests, the head of Germany's edible oil industry association OVID said on Wednesday.
IBTimes Logo

A Climate of Skepticism

The United Nation's climate change summit has been billed as the last hope to save the world from itself. Brought on by a rise of man-made greenhouse gases, the earth is slowly inching towards a man-induced climate disaster, urgent for coordinated action...or so the saying went.
IBTimes Logo

Haifa Chems, Citi agree emissions trading deal

Haifa Chemicals and Citi (C.N) said on Wednesday they had agreed to sell certified emission reduction (CER) credits after the Israeli company acquired new technology to cut its greenhouse gases.
IBTimes Logo

China urges U.S. to increase Copenhagen offer

China said on Wednesday it wanted the United States to offer sharper carbon cuts by 2020, and President Barack Obama's top aides promised robust engagement with world leaders at Copenhagen climate talks.
IBTimes Logo

Euro recovers versus dollar

The dollar had earlier advanced broadly after Fitch downgraded Greece on Tuesday to below the single-A bracket for the first time in a decade, and prompted short covering in the U.S. currency and the yen.
IBTimes Logo

Daily Forecast - 09/12/2009

The Australian Dollar opens lower today at 0.9010 after mixed local economic data releases yesterday. Strong demand out of Asia lifted the Aussie to an intraday high of 0.9165 after the current account deficit came in at A$16.183 billion in the September quarter, compared to A$16.8 billion median market forecast. Also underpinning the local unit on the day was the latest monthly NAB business survey which showed confidence has risen to its highest level since May 2002. Overnight however, it was l...
IBTimes Logo

Ancestry site puts Hitler's war service online

A British genealogy website has put Nazi dictator Adolf Hitler's World War One military service records online, alongside those of more than a million other soldiers who fought for Germany.
IBTimes Logo

PE firm Actis, S'pore's KS Energy in $231 mln JV

Private equity firm Actis and Singapore oil services firm KS Energy on Tuesday announced plans for a joint venture that will distribute parts and equipment to oil companies in Asia and the Middle East
IBTimes Logo

McDonald's U.S. November same-store sales dip

McDonald's Corp said sales at established U.S. restaurants fell 0.6 percent in November, marking the second straight month of declines at domestic outlets, and its shares fell 2.6 percent.
IBTimes Logo

Tesco sales towards bottom end of forecasts

Tesco Plc, the world's No.3 retailer, posted quarterly sales growth toward the bottom end of forecasts, held back by a drop in food price inflation, but said a gradual consumer recovery remained on track.
IBTimes Logo

Daisy Group posts 9-mth loss, to cut jobs

British telecoms firm Daisy Group Plc posted a loss for the nine-month period and said it would cut jobs to integrate its acquired businesses but was comfortable with current market expectations.
IBTimes Logo

UK must take smart meter step to climate goal

Smart meters, which encourage consumers to cut energy consumption, are crucial for Britain to limit costs for achieving its ambitious 2050 greenhouse gas reduction target, an executive from National Grid said.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.