Yellow Alert of Rain for East of England

Yellow Alert of Rain for East of England : Cambridgeshire, Central Bedfordshire, Essex, Hertfordshire, Luton, Southend-on-Sea, Suffolk & Thurrock valid from 0600 Mon 25 Aug to 2350 Mon 25 Aug
Categories: Weather

HSBC is sued in U.S. for $250 million over alleged role in 'death bonds'

Reuters UK Business News - Fri, 22/08/2014 - 23:43
NEW YORK (Reuters) - HSBC Holdings Plc was sued for $250 million (150.86 million pounds) on Friday for allegedly ignoring red flags that a colourful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled.

Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

Reuters UK Business News - Fri, 22/08/2014 - 23:40
(Reuters) - Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion (724.2 million pounds) to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.

EU sets out roadmap to boost securitised debt market

Reuters UK Business News - Fri, 22/08/2014 - 23:06
LONDON (Reuters) - The European Union will decide next year if legal changes are needed to boost the market for securitised debt, a sector seen as key to injecting funds into the economy and encouraging growth, an EU document showed on Friday.

Fed's Yellen calls for caution on rates; Draghi says ECB ready to act

Reuters UK Business News - Fri, 22/08/2014 - 23:06
JACKSON HOLE Wyo. (Reuters) - The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. labour market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks for a near-term rate hike.

BOJ's Kuroda says Japan exports to pick up slowly

Reuters UK Business News - Fri, 22/08/2014 - 22:05
JACKSON HOLE Wyo. (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday that he expects an improving global economy will gradually boost Japanese exports.

Argentina slams U.S. judge as 'imperialist,' peso halts rout

Reuters UK Business News - Fri, 22/08/2014 - 20:30
BUENOS AIRES (Reuters) - Argentina on Friday accused the U.S. judge who called the country's new debt restructuring plan illegal of making "imperialist" comments against the South American nation.

Insight - Brazil's slump hits job market as election approaches

Reuters UK Business News - Fri, 22/08/2014 - 19:41
SAO PAULO/BRASILIA (Reuters) - Many of Brazil's biggest retailers, homebuilders and carmakers are cutting jobs as Latin America's largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff's re-election bid.

Russia keeps up pressure on McDonald's with new inspections

Reuters UK Business News - Fri, 22/08/2014 - 17:07
MOSCOW (Reuters) - Russian authorities extended their scrutiny of McDonald's to several regions on Friday, carrying out inspections at a number of restaurants run by the U.S. fast-food chain, amid a standoff with the West over Ukraine.

East Cambs transport company says haulage business “even more competitive” but diversification being to show rewards

Ely Standard - Fri, 22/08/2014 - 16:41

Transport boss Paul Day says the haulage business has become “even more competitive” during the last year as he bids to control costs and maintain profits.

Categories: Local Press

The aftermath of flooding in Ely lingers on as business owners say they have been without phone lines for more than a week

Ely Standard - Fri, 22/08/2014 - 16:41

Businesses in Ely say they may have missed out on hundreds of pounds worth of trade because of damage to phone lines caused by the recent flooding.

Categories: Local Press

Applicant behind withdrawn Stretham wind turbine plans WILL re-apply

Ely Standard - Fri, 22/08/2014 - 16:14

The applicant behind plans for two wind turbines in Stretham has announced its intention to press ahead with its proposal – despite withdrawing a first round of plans.

Categories: Local Press

Skandia shifts 640 million pounds to manager Woodford's new firm from Invesco

Reuters UK Business News - Fri, 22/08/2014 - 15:58
LONDON (Reuters) - Star British fund manager Neil Woodford will get a 640 million pound boost for his new investment firm from asset manager Skandia, which is shifting money to him from Invesco Perpetual funds that he previously managed.

Leveraged loan bankers gear up for busy end of year

Reuters UK Business News - Fri, 22/08/2014 - 15:34
LONDON (Reuters) - After a two-week lull in Europe’s leveraged loan market, bankers are gearing up for a busy remainder of 2014, which is expected to see volumes surpass last year’s total and continue the year-on-year increases seen since 2008.

UK forces energy, mining firms to show foreign state payments

Reuters UK Business News - Fri, 22/08/2014 - 14:50
LONDON (Reuters) - Britain announced that energy and mining firms would have to disclose from next year any payments made to governments in countries where they operate as it aims to curb corruption in the natural resources sector.

Shrinking Russian economy adds to fears of full-blown recession

Reuters UK Business News - Fri, 22/08/2014 - 14:38
MOSCOW (Reuters) - Russia's economy has contracted in annual terms for two months in a row, the Economy Ministry said on Friday, adding to concerns that Russia may be heading for recession as western sanctions over Ukraine bite.

Little Downham horse shop Equicentric branching out under new management

Ely Standard - Fri, 22/08/2014 - 14:36

Two original staff members have come together to take over an equestrian shop.

Categories: Local Press

RBS could split Coutts International to woo Asian buyers

Reuters UK Business News - Fri, 22/08/2014 - 14:34
SINGAPORE/ZURICH (Reuters) - Royal Bank of Scotland plc might split its international private bank into separate European and Asian divisions to attract Asian buyers who have the financial muscle for a deal but are reluctant to take on European client risk.

Runners, walkers and cyclists urged to sign up for Ouse Washes Experience

Ely Standard - Fri, 22/08/2014 - 14:33

Ely Hereward Rotary Club is urging runners, walkers and cyclists to sign up for its Ouse Washes Experience fund-raising event.

Categories: Local Press

Green scheme puts East Cambs at the top

Newmarket Journal - Fri, 22/08/2014 - 14:24

Wheelie bins are creating a dramatic upturn in recycling rates across East Cambridgeshire.

Categories: Local Press