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- High business ethics - Take uncomfortable decisions
- Passion to win – Ambition to grow the business
- Strive for Operational Excellence in everything we do
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Financial advice |
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U.K. property prices set to extend their recovery
According to information from the Centre for Economics and Business Research (CEBR) property prices in the UK are due to rise in 2010 driven by low borrowing costs and the shortage of homes. Property values are due to rise by five percent and mortgage costs will cheapen as the Bank of England retains a its record low 0.5 percent key interest rate. CEBR have reduced their property price forecast from 6 percent after the tax on home purchases rose and cold weather damped demand for property. Average mortgage interest rates are expected to drop by around one percent by the start of 2011. US based billionaire investor Warren Buffett, has backed Bank of England Governor Mervyn Jones previous comments by stating that said he doesn’t envy the winner of the UK general election, who will be faced with the need to make "politically very unpopular" decisions to cut the deficit. Speaking after the annual shareholder meeting of Berkshire Hathaway before a crowd of 40,000 , Mr Buffett warned the next occupant of No 10 to fear the bond market, which could turn against the UK if public spending is not brought back into balance over the long term. Read More... |
IMF calls upon governments to act on curbing the increasing power of banks
The International Monetary Fund (IMF) has stated that governments must act to curb the increasing power of banks in the aftermath of the financial crisis. The IMF has called for cooperation from governments to set out future financial regulatory reform agenda, whilst stressing that some of the "too-big-to-fail" institutions had been made even stronger by the financial crisis. The IMF went on to warn that the large government financed deficits run-up during the financial crisis could pose a risk of starting a second credit crunch. Proposals from the IMF include imposing two new taxes on banks in order to raise funds to pay for potential future bailouts and to penalise excessive profit-making. UK Chancellor Alistair Darling was reported as having welcomed the proposal: Read More... |
Turkish Investment in Africa to Hit $1 Billion
Steps taken after the Turkish government declared 2005 the "Year of Africa" for foreign trade have so far proven fruitful, and the "Africa strategy" devised by the undersecretary for foreign trade has triggered an increasing interest in the continent, TUSKON reports: As a consequence Turkish investments in Africa started climbing in a steadily increasing trend and are estimated to reach $1 billion in total by the end of this year. Read More... |
The Monetary Realist - It’s Not Just About
Financial panics are indeed dramatic and, for many private individuals and economic policymakers, traumatic. They are rarely of lasting significance to the fate of nations or their currencies, however, as the prompt recovery of Korea, Mexico, and Russia from their travails a decade ago demonstrates—as indeed does the lack of any lasting impact from the United States’ closing of the “gold window” on the dollar’s standing or on U.S. economic performance, Adam S. Posen, the Deputy Director of the Peterson Institute for International Economics writes: Though such calm is difficult to maintain while the United States experiences a panic in its many interlocking asset-backed securities markets, following years of large current account deficits and a concurrent sell-off of the dollar against the euro, it would be a mistake to read too much into recent developments.
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Details of Economic Stimulus Package
President George W. Bush signed into law an economic stimulus package that is aimed at staving off a recession by offering tax rebates and incentives to businesses to invest, Reuters reports: "Here are some details of the plan: * The total package is worth about $168 billion over two years, roughly 1 percent of U.S. economic output, and will add directly to the U.S. federal deficit." Read More... |
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Insurance news |
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