In the news: US oil gushers and the unnamed hedge fund employee who banked


Times     

The United States is set to be crowned the world€™s largest producer of liquid petroleum this week knocking Saudi Arabia off the top spot for the first time in two decades.

One of the bidders jostling for control of the Racing Post has pulled out of the auction and criticised KPMG€™s handling of the sale of the horse racing bible€™s multimillion-pound debt.

Acquisitive Asian companies have poured nearly £4.5 billion into the British food and drink industry over the past two years as they seek to satisfy soaring demand from their domestic consumers.

Daily Telegraph

Senior bank executives unhappy with new rules to make them criminally liable for failures should resign according to the Governor of the Bank of England.

Oil prices will slump further if the Organisation of Petroleum Exporting Countries (Opec) repeats its mistakes of the 1990s and fails to cut its production fast enough to cope with a glut of crude now flooding the international market Iran€™s Oil Ministry has warned.

The European Central Bank may unleash fresh measures to stimulate Eurozone growth and battle low inflation as soon as December.

Rapper and frontman for The Black Eyed Peas Will.i.am is expected to launch his smartwatch on Thursday in San Francisco in direct competition with the new Apple Watch.

Independent

Bosses€™ pay surged by 21% last year despite workers€™ salaries struggling to outstrip the country€™s 1.5% rate of inflation.

The state pension is facing an imminent funding crisis according to the think-tank the Centre for Policy Studies.

Network Rail€™s attempts to buy a major shopping centre in Birmingham for £200mln are under threat from government ministers and the industry regulator which has warned that the business case is €œnot compelling€.

Asset rich but cash poor investors will soon be able to borrow against their works of art after a new fund launches this week by financier Falcon Group.

Guardian

US hedge fund Elliott Advisors pays unnamed London Executive £38mln.

Independent energy supplier Ecotricity is among companies and organisations considering a legal challenge against the European commission decision to give approval to Hinkley Point C nuclear plant.

Greek officials have told the International Monetary Fund (IMF) that the debt-stricken country can quit its multibillion-dollar rescue programme more than a year early after meeting the body€™s managing Director in Washington on Sunday.

David Cameron is playing fast and loose with the UK constitution the former prime minister Gordon Brown has said as he warned the Conservatives were wrong to suggest that Scotland should be 100%-responsible for its own income tax revenues.

Daily Mail

The Chancellor is planning to sell Britain€™s stake in train operator Eurostar before the general election.

Daily Express

Private hospital chain Nuffield has raised £330mln to help fund building up to three new hospitals and the acquisition of 25 more gyms.


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