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BOJ may seek ways to calm bond market, policy on hold

Reuters UK Business News - 4 hours 13 min ago
TOKYO (Reuters) - The Bank of Japan is expected to stand pat on monetary policy this week despite jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations.

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Yen edges up from lows, Asian shares firmer

Reuters UK Business News - 4 hours 31 min ago
SINGAPORE (Reuters) - The yen pulled up from a 4-1/2 year low against the dollar on Monday after Japan's economics minister said a further steady drop in the yen could have negative effects on households, pushing the dollar to a low of 102.00.

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On fleeting Hong Kong trips, Chinese make frugal fashionable

Reuters UK Business News - 6 hours 9 min ago
HONG KONG (Reuters) - Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour.

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Britain backs push for alternative small firm funding sources

Reuters UK Business News - 6 hours 13 min ago
LONDON (Reuters) - British firms should look for funding outside the banking sector, Business Secretary Vince Cable said on Monday, marking the latest effort to generate growth among small- and medium-sized businesses (SMEs).

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PM urges more action on tax from UK territories

Reuters UK Business News - 7 hours 18 min ago
LONDON (Reuters) - Britain called upon its overseas territories to "get their house in order" over the sharing of tax information on Monday as the UK looks to lead a global fight against tax evasion ahead of a meeting of the world's wealthiest states.

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Yahoo's board approves Tumblr acquisition -WSJ

Reuters UK Business News - Sun, 19/05/2013 - 21:35
SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion (724 million pounds) in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.

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Multi cultural international children’s festival offers “positive safe alternative” to anti immigration protest across town

Ely Standard - Sun, 19/05/2013 - 18:54

THE anti immigration demonstration in Wisbech Park may have grabbed the headlines but organisers of a community day across town were determined to show a kinder, gentler side.

Categories: Local Press

SLIDESHOW: Fun runners tackle five-mile Stapleford course

Cambridge News - Sun, 19/05/2013 - 18:08
Runners of all ages completed the five-mile Stapleford Fun Run on Sunday with big smiles on their faces thanks to a glimpse of morning sunshine.
Categories: Local Press

SLIDESHOW: Swimmers take first plunge of the year at Jesus Green pool

Cambridge News - Sun, 19/05/2013 - 18:01
A handful of brave souls ignored the chilly weather when they took the first dip of the year in the city’s Jesus Green pool.
Categories: Local Press

ENRC details founders' $2.3 billion cash-and-share bid plan

Reuters UK Business News - Sun, 19/05/2013 - 16:47
LONDON (Reuters) - Kazakhstan's government and the trio of founders behind miner ENRC , seeking to take the company private, have offered shares in rival Kazakhmys as well as cash in an indicative proposal valuing the group at just under $5 billion (£3.3 billion).

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MPs consider probe into transparency of mining firms

Reuters UK Business News - Sun, 19/05/2013 - 16:38
LONDON (Reuters) - Britain's parliament will this week consider whether to probe the transparency of oil and mining firms listed in London, an issue highlighted by corruption probes at emerging market miners which MPs fear have dented the stock market's reputation.

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Analysis - Frontier Markets booming but risks mounting

Reuters UK Business News - Sun, 19/05/2013 - 14:31
NEW YORK (Reuters) - With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track record.

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Exclusive - South Africa's NUM seeks 15-60 percent wage rises from gold, coal producers

Reuters UK Business News - Sun, 19/05/2013 - 14:19
JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 percent from gold and coal producers, raising the prospect of fresh strikes as firms battle higher costs and falling prices in an already heated labour climate.

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German minister calls EU move on China solar 'grave mistake'

Reuters UK Business News - Sun, 19/05/2013 - 13:49
BERLIN (Reuters) - German Economy Minister Philipp Roesler said the European Commission made a "grave mistake" by agreeing to impose punitive import duties on solar panels from China and urged the Commission to work to prevent the eruption of a trade conflict.

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Greece to sell Postbank, Proton in July, stress-test big banks

Reuters UK Business News - Sun, 19/05/2013 - 13:30
ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection review.

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Tesco clothing brand plans international expansion

Reuters UK Business News - Sun, 19/05/2013 - 13:16
LONDON (Reuters) - The clothing brand sold by Britain's biggest retailer Tesco said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.

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Surprise defeat for council’s Lib Dem leader once derided by former council leader as akin to being ‘savaged by a cotton bud”

Ely Standard - Sun, 19/05/2013 - 13:16

HIS political attacks were famously compared by former county council leader Nick Clarke to being “savaged by a cotton bud” although it is unlikely that accounted for the surprise defeat of Councillor Kilian Bourke as Lib Dem leader.

Categories: Local Press

U.S. job market gains could lead Fed to taper QE3 early

Reuters UK Business News - Sun, 19/05/2013 - 13:13
(Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labour market do not prove fleeting.

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BoE's King sends message to successor Carney

Reuters UK Business News - Sun, 19/05/2013 - 12:53
LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain low.

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