23rd June 2011
From the Independent, Shareholders must tackle excessive boardroom pay – or face political meddling
Today on the Telegraph, David Cameron will today tell EU leaders to "agree a plan and to stick to it" amid fears that Europe's disunited response to the Greek debt crisis will engulf the eurozone and drag down the pound.
Also from the Telegraph, Another round of money printing may be necessary to keep the recovery on track, Bank of England policymakers have warned.
The World Wealth report is out, and according to the Guardian the world's wealthiest people are getting more prosperous – and more numerous – by the day.
Also in the Guardian, The US recovery is slower and weaker than expected, the Federal Reserve said, as it decided to hold interest rates at historic low levels and hinted that more government relief could come if the recovery stalls.
How the markets are looking from the Financial Times. The FTSE All-World equity index is down 0.5 per cent, commodity prices are lower, while the dollar and US Treasuries are in demand. To some investors' minds, this traditional "risk-off" scenario comes courtesy of the US Federal Reserve, which on Wednesday said the world's biggest economy faced slower than expected growth and higher inflation.
Also from the Financial Times, Aviva has sold its RAC roadside rescue business to Carlyle Group, the private equity group, for £1bn ($1.6bn) as part of a broader strategic overhaul that will see the insurer refocus on core products in 12 countries.
The Independent is discussing the LSE and TMX merger. The London Stock Exchange (LSE) yesterday hit back at the rival bid for Canada's TMX group as it proposed handing shareholders a sweetener worth more than £400m to secure the deal.
The BBC News are reporting that the Dutch airline KLM says it plans to use recycled cooking oil on 200 flights between Paris and Amsterdam.
From This is Money, Every adult in Britain could be handed free bank shares worth £1,000 when nationalised institutions are sold off.
The Wall Street Journal are writing, Swedish Automobile NV on Thursday said it won't be able to pay workers' wages at the Swedish car maker Saab because it hasn't secured short-term funding, an indication of the dire state of the company's finances as it tries to finalize agreements with suppliers to resume production and while it waits for regulators to approve a deal with Chinese investors.
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