(Reuters) Mark Thompson, the new CEO of the New York Times Co.
Lex writers, Oliver Ralph and Richard Stovin-Bradford, look at the strategy behind Bank of America selling the non-US part of its Merrill Lynch wealth management business to the private Swiss bank, Julius Baer, for up to SFr$860 million.
Foreign companies and governments keen to tap Japan's abundant liquidity for dependable, relatively cheap funding are flocking to Tokyo's debt markets. The FT's Ben McLannahan reports on the boom in yen-denominated bonds - also known as samurai.
http://www.FT.com/ In an in-depth interview Sir Philip Hampton, chairman of the Royal Bank of Scotland, discusses his plans for the battered bank's recovery after the financial crisis.
http://www.FT.com/ James Halstead and Findel pursued very different strategies when it came to managing their finances, with very different results. Andrew Bounds, the FT's north of England correspondent, talks to both Manchester-based companies, and finds that good capital management is more vital than ever. For more video content from the FT, visit the Financial Times video page at: http://www.ft.com/video
Hungary is expected to turn to some form of default to overcome its current debt problems, according to Capital Economics. The alternative is further austerity, but the problem is that the public will not be ready for the additional cuts that would be needed to bring debt down to a sustainable level. Growth and inflation are not viable options for Hungary, says Capital Economics
Hopes that the European Central Bank ’s operations would facilitate a meaningful pick-up in the eurozone economy were dealt a blow by the release of March’s flash Purchase Managers Index (PMI) surveys, according to Capital Economics. With PMI readings from France and Germany being weaker than what was expected, the fact that private sector activity in the eurozone is faced with increasing contraction is coming to the forefront. The Markit composite PMI declined from 49.3 in February to 48.7 for March.