General
Obama defends role of strong government
Speech has gestures to coalition that re-elected president, with nods to equality for women and gays and a path to citizenship for illegal immigrants
Categories: General
Weidmann warns of currency war risk
The erosion of central bank independence threatens to unleash a round of competitive exchange rate devaluations, says Germany’s Bundesbank chief
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Spain escapes aid but doubts remain
Possibility of intervention continues to keep Madrid borrowing costs low for long enough for it to cut budget deficit and get economy back on track
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Huawei pins hopes on fresh face
Chinese telecoms group aims to end its negative reputation in the US and allegations that it is a security risk, which is hampering further development
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Algeria defends assault to free hostages
In the first official account of the In Amenas gas facility siege, the Algerian prime minister says the kidnappers were about to kill their captives
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Sales of e-cigarettes continue to soar
The smoking alternative is peeling away customers from Big Tobacco, but taxes and new restrictions could snuff out its recent success
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Live: Obama’s second inaugural
Obama faces the key issues of the fiscal cliff and gun control as well as foreign policy priorities including the Afghanistan, global warming and the emerging crisis in the Sahel
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Moscow bourse to champion Russia with IPO
Exchange plans listing on its own platform in a bid to convince more companies in the country to forgo London for a domestic listing
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Crest Nicholson plans return to market
Housebuilder that was high-profile victim of the financial crisis hopes to raise £50m of new capital after quoted rivals signal confidence
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West faces ‘decades’ of conflict in N Africa
Amid reports more than 80 people were killed in the Algeria hostage crisis the British PM compares the situation in the Sahel region with that in Afghanistan
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Lower Saxony blow for Merkel re-election
Alliance between SPD and Green party takes one-seat majority in key federal state months before national polls for Berlin government
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Japan probes Boeing battery supplier
Regulators search GS Yuasa’s office for clues to whether the manufacturing process played a part in problems with batteries in Dreamliners
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Huawei pledges openness to woo critics
Chinese group says it will disclose financial and shareholding information as it tries to dispel suspicions over links to the country’s military
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Tax crackdown to target middle class
The Crown Prosecution Service will dramatically ramp up the number of tax evasion cases it takes on – with a view to prosecution, says Keir Starmer
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Nokia Siemens seeks to raise €700m
Move to public markets for finance is significant given the potential for a future flotation of the business, which has been recently rejuvenated by its parents
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AllianzGI to launch UK building fund
The move is the first of its kind to help build schools, hospitals and roads in a landmark scheme designed to create jobs and stimulate the economy
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Heavy snow heightens risk of triple dip
High-street spending is expected to be badly affected by the snow spreading across the UK, which has caused widespread disruption to the transport system
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Obama sworn in for second term
There is less fanfare this time as the 44th president of the US faces partisan battles over debt, gun control and immigration and a stalled approval rating
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European buyouts suffer winter freeze
EQT has shelved a plan to sell German academic publisher Springer Science for up to €4bn, highlighting the challenges facing private equity firms in Europe
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StanChart advances in Southeast Asia
The region is becoming an increasingly important part of the bank’s business, accounting for more than a quarter of group pre-tax income
Categories: General
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more