4 Sep

What the other papers say this morning

first_img Show Comments ▼ whatsapp FINANCIAL TIMESTOP 10 HEDGE FUNDS MAKE $28BNThe top 10 hedge funds made $28bn for clients in the second half of last year, $2bn more than the net profits of Goldman Sachs, JPMorgan, Citigroup, Morgan Stanley, Barclays and HSBC combined, according to new data. Even the biggest of the hedge funds have only a few hundred employees, while the six banks employ 1m between them. SAUDI STOCKS HIT BY FEARS OF UNRESTSaudi Arabia’s stock market, the largest and most liquid in the Arab world, suffered its worst decline since November 2008, amid concerns that unrest in the Middle East could spread to the world’s largest oil exporter. The Saudi Tadawul All-Share Index slid 6.8 per cent yesterday. The index has now declined for 12 consecutive trading sessions – its longest losing streak since 1998. SCANDAL LEADS DIOR TO FIRE GALLIANO Christian Dior moved to protect its reputation by firing John Galliano, its star designer, for professional misconduct over the scandal surrounding allegedly anti-Semitic comments. The fashion house said its decision was prompted by the release of “particularly odious” comments in a video of Mr Galliano on Monday.HSBC SUSPENDS US HOME SEIZURES HSBC has temporarily suspended US foreclosures after regulators found “deficiencies” in its procedures. The bank could face monetary fines as a result. The disclosure, contained in the annual report, is the first time HSBC has publicly admitted to problems with its foreclosure processes. Last autumn, the largest mortgage servicers temporarily suspended home seizuresTHE TIMESUNILEVER LANDS DISCOUNT BLOW IN CLEANING BATTLEIndia’s biggest shopkeepers have stopped ordering Dettol and Harpic after a bitter dispute over Reckitt Benckiser’s prices — and Unilever has swooped to capitalise on the boycott by offering discounts on its rival cleaning products. The two British-listed groups are fighting to control a booming consumer goods market.EIRCOM SEEKS EXTRA CASH TO KEEP BANKS AT BAYEircom will hold crucial talks with its lenders next month after admitting that it was in serious danger of breaching its banking covenants within three months. Eircom, majority-owned by a unit of the Singapore sovereign wealth fund Temasek, carries €3.75bn (£3.2bn) of debt on its books and will seek an injection of new funds from shareholders.The Daily TelegraphBRITISH TROOPS ON FRONT LINE IN AFGHANISTAN TOLD THEY FACE THE SACKAlmost the entire contingent of Britain’s 10,000 troops in Afghanistan have been told they could be sacked within months after ministers disclosed plans to get rid of one in 10 members of the Armed Forces. The Ministry of Defence has announced the full scale of redundancies that will take place in the Army, RAF and Royal Navy.SUPERMARKETS ARE RAISING PRICES FASTER THAN INFLATION, SAYS UBSSupermarkets are ripping off British shoppers by raising food prices faster than inflation, risking another competition inquiry, the investment bank UBS has warned. According to the bank’s analysis, commodity price inflation in the past few months would justify a 3-3.5 per cent increase.THE WALL STREET JOURNALMARKETS REACT TEPIDLY TO HUNGARY DEBT PLAN Hungary’s government, under pressure from capital markets and European Union budget monitors, pledged to sharply shrink its deficit and slash public debt over the next three years, but investors reacted coolly, with many saying the plans were too short on specifics. The overall size of spending reductions laid out Tuesday appeared larger than many had expected.TWITTER BIG ON SMALLER ADVERTISERS Twitter is a hot property among investors, who are pumping up the company’s valuation. But whether the start-up can live up to its multibillion-dollar appraisal depends on the likes of David Szetela, who holds the purse strings of numerous small and medium-sized advertisers. Tuesday 1 March 2011 9:05 pm KCS-content Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comcenter_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com whatsapp What the other papers say this morning Tags: NULL last_img read more