Square Mile

Japan's government is finalizing an emergency economic stimulus package of up to Y10 trillion ($113 billion) that includes public works spending of more than Y5 trillion, the Yomiuri Shimbun said Monday in its morning edition Executives holding the purse strings of the UK's leading companies are in more optimistic mood after steering their businesses through a double-dip recession and strengthening balance sheets, research out on Monday shows – Daily Telegraph UK Ll…

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The overindulgence of Christmas has been, yet the appetite to head out into the sales in London seems as big as ever. The competition for the first move advantage of cutting prices, led to many retailers beginning their sales in mid-December, with their margins being squeezed, to draw in footfall. This is a positive for the shopper to find bargains, but for many zombie-retailers the increased revenue in the short term will do little to change the midterm outlook. Having to entice shoppers wi…

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On Wednesday George Osborne admitted that the UK government had failed to meet both its growth and debt forecasts that it had set. This was an embarrassing moment for the Chancellor , as previous austerity measures laid out in “plan A,” were set in order to gain control over the spiralling UK national debt. Further austerity measures were introduce as Osborne attempts to balance the books, which notably have been considerably impacted by global crisis in the US and Europe. During…

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It is the first market update of the trading month, and in the UK the countdown to Christmas begins. If the shorter hours of day light hadn’t reminded people that is now winter, then the freezing temperatures over the last few days have. The shops on the UK seem to be attempting a first mover advantage, with many slashing prices prior to their busiest period. I briefly ventured into a few shops at the weekend and was amazed to see how many retailers were offering discounts! Many chains…

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State backed Royal Bank of Scotland is the front page of the business press this morning after further details emerged from the Tan Chi Man case in Singapore. He is the senior trader who was dismissed for gross misconduct, but is suing RBS on the basis he was simply the scapegoat of a widespread problem. Details emerged that senior traders at RBS boasted about operating a “cartel” that made “amazing” amounts of money by rigging the global interest rates. Analysts are…

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The latestquarterlysurvey from the British Chambers of Commerce (BCC) said the the UK economy has shown a few signs of improvement in the last three months. It is refreshing to see an article that ispositive, as the majority of articles highlight the potential fallout from a Euro-zone breakup. The BCC expects economic growth of 0.3% in the quarter 1 of 2012, which is in contrast to the announcement of the OECD last week which predicts the UK economy to contract. This would be quarter on quar…

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Asian equities overnight have fallen after disappointing earnings from Chinese companies and Australia, a key trading partner of China, has cut its commodity sales forecast on concerns of the slowing Chinese economy. A decrease in inventories led to WTI Crude gaining during Asian trading. The City of London’s eyes this morning are on the Chancellor George Osborne’s 2012 Budget. With some headline parts of the Budgettacticallyleaked prior to the actual announcement, traders…

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During the Asian session equities have fallen as China has raised fuel prices, adding to concern that the powerhouse of the Far East is slowing down combined with a Federal Reserve official stating that “..the US rebound still faces risks.“ The UK government has been dealt a setback at is new flagship credit scheme for small businesses has failed to get all of the UK’s major bankson board. HSBC will not be participating in the National Loan GuaranteeScheme(NLGS) which…

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