Press Round-up – January 27

By Reuters Staff
January 27, 2012

Osborne to unveil powers to control banks
The British treasury will on Friday publish plans for a radical overhaul of financial regulation that will hand the UK’s finance minister George Osborne new powers. (Telegraph)

from Breakingviews:

UK’s problem: it’s the best in Europe

January 26, 2012

By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Press Round-up – January 26

By Reuters Staff
January 26, 2012

Einhorn and Greenlight fined by UK financial regulators
David Einhorn, one of the world’s highest profile hedge fund managers, and his firm, Greenlight Capital, have been fined 7.2 million pounds ($11.22 million) by UK regulators for trading before a 2009 equity fundraising by Punch Taverns. (FT)

from John Lloyd:

A yacht not fit for a queen

By John Lloyd
January 25, 2012

Her Majesty Elizabeth the Second, by the Grace of God, of the United Kingdom of Great Britain and Northern Ireland, and of Her other Realms and Territories, Queen, Head of the Commonwealth, Defender of the Faith … is in want of a yacht.

Press Round-up – January 25

By Reuters Staff
January 25, 2012

IMF issues $440 billion global warning for 2012
Europe will enter a mild recession this year, Britain will slow to a crawl and growth worldwide will expand significantly less than hoped, the International Monetary Fund said. (Times)

Press Round-up – January 24

By Reuters Staff
January 24, 2012

Berlin ready to see stronger “firewall”
Germany is open to boosting the firepower of the euro zone’s rescue funds to 750 billion euros in exchange for strict budget rules favoured by Berlin in a new fiscal compact for all members of the currency union. (FT)

Press Round-up – January 23

By Reuters Staff
January 23, 2012

IKEA shelves Indian retail move
Sweden’s IKEA, the world’s biggest furniture retailer, is withholding its entry into India in spite of New Delhi’s move to open its market to foreign retailers as the Swedish homewares company accelerates its expansion in other BRIC countries. (FT)

Press Round-up – January 20

By Reuters Staff
January 20, 2012

China set to buy stake in Thames Water
A Chinese sovereign wealth fund is poised to buy a stake in the water network that serves London, in what would be the fund’s first acquisition in the UK following investment talks with British politicians. (FT)

Press Round-up – January 19

By Reuters Staff
January 19, 2012

RBS tests Cameron’s resolve on pay-outs
David Cameron’s pledge to curb executive pay and stop “rewards for failure” is set to face its biggest test, as Royal Bank of Scotland prepares to offer a bonus of more than 1 million pound to its chief executive, even though the state-controlled bank’s share price has almost halved in a year. (FT)

Press Round-up – January 18

By Reuters Staff
January 18, 2012

King holds fast on bank supervision
The governor of the Bank of England on Tuesday dismissed suggestions that its proposed new powers be subjected to internal checks and balances, in an often testy encounter with British MPs. (FT)