Diageo, the world's biggest drinks company, found it tough in a cash-strapped Europe but more than compensated for that in emerging markets. Lex's Julia Grindell and Vincent Boland discuss how Diageo is shrugging off its underperformer tag. Related articles: http://www.ft.com/cms/s/3/990be8ce-ed1e-11e1-9980-00144feab49a.html http://www.ft.com/cms/s/0/ce6c4e2a-ecf9-11e1-9980-00144feab49a.html For more commentary from the Lex team, visit http://www.ft.com/lex http://www.FT.com/
Greece elected pro-bailout party New Democracy to form a government in the ailing country (Reuters) After relatively conclusive Greek elections , which saw pro-bailout and austerity party New Democracy narrowly win the most votes and who are likely to form a coalition government, International Business Times UK looks at some of the commentary surrounding the market-pleasing result . Joseph Weisenthal, aka @TheStalwart, tweeted : You're never going to believe this, but it seems the election has vindicated the views of all the parties
Financial services jobs have become less sought after in London in May because of the eurozone debt crisis and lack of governmental boost to employment opportunities in the sector, reveals a new survey. According to the survey by the recruitment consultant, Morgan McKinley, the number of job- seekers in London 's financial services industry fell by 58 percent in May.
Police Saturday arrested fourteen people in connection with two separate Occupy Wall Street protests in New York . Several hundred Occupy protesters flooded the streets of Manhattan, demonstrating against the police brutality.
An IMF team arrived in Cairo Monday for talks on a $3.2 billion loan facility for Egypt . This is a crucial meeting especially as collapse in investor confidence since last year’s revolution has left Egypt on the brink of a balance of payments crisis, according to Capital Economics.
Nixon, Gold water, and their kind would have a field day. The current batch -- Ron Paul, Rick Santorum, Newt Gingrich, and Mitt Romney -- is a motley crew
Federal Reserve Chairman Ben Bernanke said Wednesday that U.S. community banks are gaining strength despite what he described as a "frustratingly slow" economic recovery and promised community bankers that Dodd-Frank Act is enacted for the "too big to fails." "Profits of smaller banks were considerably higher in 2011 than in the previous year, nonperforming assets were lower, provisions for loan losses fell appreciably, and capital ratios improved," according to the Fed chairman's pre-recorded remarks delivered before a convention of community bankers in Nashville, Tenn., on a video monitor. The speech resembled one he gave in February in Arlington, Va