(MENAFN- ProactiveInvestors) The Daily Telegraph
Global bond market suffers from erratic swings amid liquidity drought: Debt traders suffered another turbulent day of trading on Tuesday as a global rout in government bonds extended which some analysts warned might merely be a sign of worse to come.
Bankrupt Greece raids emergency IMF funds to avoid unprecedented default: Greece avoided an unprecedented default to the International Monetary Fund on Tuesday after raiding its emergency cash account at the Fund in a major sign the country is edging ever closer to stiffing its senior creditor.
Rail companies in line for compensation if strike hits: Transport companies would receive compensation from Network Rail if a strike of its workers goes ahead and causes chaos on the country’s railways.
Opec revises up oil demand and cuts US supply forecast: The Organisation of the Petroleum Exporting Countries (Opec) has revised up its forecast for world oil demand this year on higher consumption in Europe’s biggest economies and cut its estimate for the growth in U.S. supply.
Banks’ currency rigging fines delayed as US negotiations drag on: Multi-billion dollar currency rigging fines for five major banks including and have been delayed by at least a week after banks and regulators failed to push through settlements.
Healthcare Locums Founder Kate Bleasdale is declared bankrupt: Entrepreneur Kate Bleasdale has been declared bankrupt in the final twist of a protracted employment dispute with a former business partner.
The Times
faces court action over ‘right to be forgotten’ rejections: is facing legal action from the information watchdog after rejecting demands from individuals seeking to enforce their “right to be forgotten” on the internet The Times has learnt.
Co-op heads off threat over board vote with compromise: The threat of a legal challenge to the Co-operative Group over the way it has selected candidates to join its board receded after the East of England society accepted an assurance from the Co-op leadership that the election process would be reviewed for next year.
Bail appeal date set for ‘flash crash’ trader: Lawyers for the so-called Hounslow flash-crash trader will appear in the High Court next week as they attempt to overturn a £5 million bail order that has resulted in him spending more than three weeks behind bars after his arrest last month.
sees bonanza on horizon: The coming infrastructure and construction boom and the need to hire diggers and other plant equipment will be a bonanza for its Chief Executive claimed.
The Independent
Growth picks up as oil boosts industrial output: The economy picked up slightly in the three months to April according to the latest projection from the National Institute for Economic and Social Research (Niesr) lifting hopes that the slowdown in the first quarter was merely a blip.
Accountant hits back over damages claim with libel suit against Vincent Tchenguiz: Grant Thornton has filed a libel countersuit against the property mogul Vincent Tchenguiz as the accountancy giant rejected allegations made in a £2.2 billion damages claim brought by the high-profile entrepreneur and others.
Daily Mail
Lloyds faces clash with shareholders over ‘disproportionate’ £11.5mln pay package handed to chief executive Antonio Horta-Osorio: Lloyds faces a clash with shareholders over the ‘disproportionate’ £11.5 mln pay package handed to its Chief Executive Antonio Horta-Osorio.
Sterling charges higher again after British industry clocks up strongest performance for six months: Sterling charged higher again after British industry clocked up its strongest performance for six months.
pulls plug on its final six Homeplus stores just weeks after dropping shutters on another six outlets: has pulled the plug on its final six Homeplus stores just weeks after dropping the shutters on another six outlets.
Upmarket firm backed by Sir Terry Leahy and selling lingerie sets for as much as £1000 to open ‘private appointment only’ salon in London’s Mayfair: An upmarket firm backed by former Boss Sir Terry Leahy and selling lingerie sets for as much as £1000 is to open a ‘private appointment only’ salon in London’s Mayfair.
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