International Headlines

St James’s Place lifts dividend Thu, 23 Feb 2012 01:53:43 GMT Customers have stuck with the wealth manager during skittish markets, helping it boost its dividend by a third as operating profits rise... continue

Former Kaupthing chiefs indicted Thu, 23 Feb 2012 00:29:44 GMT Indictment on charges of fraud and market manipulation marks the latest phase of the inquiry into the collapse of the Icelandic banking system... continue

Debt crisis: live Wed, 22 Feb 2012 23:30:02 GMT Ratings agency Fitch says Greek debt write-off will constitute a 'rating default', as the country's main unions prepare to hold anti-austerity protest... continue

Hewlett-Packard profits halve after PC demand slumps Wed, 22 Feb 2012 23:05:14 GMT Hewlett-Packard laid bare the decline in the market for traditional personal computers last night, after reporting that profits for the last quarter a... continue

VTB plea for central bank liquidity boost Wed, 22 Feb 2012 23:01:14 GMT Fast-growing Russian bank in talks with central bank over group’s inability to fund loan growth necessary to sustain trajectory of economic expansion... continue

Aleynikov's Lawyer: Prosecutors, Goldman Overreached 2012-02-22T17:39:35-05:00 ... continue

Russian link in $150m fraud claim Wed, 22 Feb 2012 22:32:59 GMT A former staff at Otkritie had allegedly contacted a Threadneedle employee about a trade in more than a billion Argentinian warrants... continue

RBS bonus cuts offset by big salary increases Wed, 22 Feb 2012 22:28:28 GMT RBS will on Thursday reveal that it boosted fixed pay and benefits in its investment banking division by about a third in 2011... continue

Goldman's Hedge Fund Group Head to Retire 2012-02-22T16:53:39-05:00 ... continue

Errors threaten SFO’s reputation Wed, 22 Feb 2012 21:28:09 GMT The investigation into the Tchenguiz brothers threatens not only the SFO probe into the property investors, but also the reputation of the watchdog... continue

ECB's Mario Draghi magic corrupts bond markets Wed, 22 Feb 2012 20:58:35 GMT The European Central Bank's blitz of measures to stave off a credit crunch and shore up EMU states are profoundly distorting debt markets and may ulti... continue

Wine Cache Rescues Those Short of Cash 2012-02-22T15:56:43-05:00 ... continue

SFO admits Tchenguiz case errors Wed, 22 Feb 2012 20:46:09 GMT Property tycoon receives apology after information was ‘inadvertently miscast’ when obtaining warrants during investigation into Kaupthing... continue

China's Offshore Yuan Market Spurs FX Volatility 2012-02-22T15:41:31-05:00 ... continue

Spain appeals to Brussels for easier deficit reduction targets Wed, 22 Feb 2012 20:39:27 GMT Spain has appealed to Brussels for softer deficit-reduction targets, raising fears that Europe's rescue strategies are unworkable in the bigger eurozo... continue

Iceland bank establishes covered bond plan Wed, 22 Feb 2012 20:34:37 GMT Arion, the bank created from the assets of failed Kaupthing, has established a €1bn international covered bond programme... continue

Morgan Stanley veterans plan advisory boutique Wed, 22 Feb 2012 20:26:05 GMT Move underscores difficulties large securities firms face as they are vulnerable to conflicts of interest concerns... continue

Shell makes £992m bid for Cove Energy Wed, 22 Feb 2012 20:20:30 GMT Royal Dutch Shell has made a £992.4m takeover bid for Mozambique-focused Cove Energy, to expand its business in East Africa where it sees "significant... continue

Tchenguiz fraud case could collapse after SFO admits to evidence mistakes Wed, 22 Feb 2012 20:15:50 GMT The Serious Fraud Office is fighting to stop its case against the Tchenguiz brothers collapsing after admitting to a catalogue of mistakes in evidence... continue

UK and Japan warn Volcker rule poses threat to recovery Wed, 22 Feb 2012 20:12:31 GMT Restrictions on US banks could hit sovereign debt market at key moment in recovery, say UK and Japanese finance ministers... continue

Stock markets show there are signs of optimism amid the gloom Wed, 22 Feb 2012 19:53:00 GMT Reasons abound for continued gloom about the world economy - the apparently intractable eurozone crisis, extreme imbalances at the heart of the Chines... continue

RBS freezes senior staff pay amid '£1bn loss' Wed, 22 Feb 2012 19:38:51 GMT Royal Bank of Scotland has frozen the pay of its 10,000 most senior staff as the state-backed lender prepares to report a loss for 2011.... continue

G20 Plots Course on Reining in 'Shadow Banks' 2012-02-22T14:35:02-05:00 ... continue

Don't get your hopes up, the UK economy will turn sour again Wed, 22 Feb 2012 19:19:55 GMT Are we over the worst? That's what economists are asking.... continue

St James's Place raises dividend by 33pc Wed, 22 Feb 2012 19:08:57 GMT Wealth manager St James's Place has raised its full-year dividend by 33pc after increasing the number of assets under its control.... continue

SAC Founder's Ex Seeks Sequel For Explosive Lawsuit Wed, 22 Feb 2012 13:07:58 -0600 SAC Capital Advisors founder Steven Cohen's ex-wife was back in court, trying to revive her lawsuit against the billionaire accusing him of hiding ... continue

Wietschner, Goldman Hedge Fund Advisory Chief, Retires Wed, 22 Feb 2012 13:07:02 -0600 A top Goldman Sachs hedge fund executive is retiring from the firm. ... continue

U.S. SEC Charges Puda Coal Executives With Fraud 2012-02-22T13:53:54-05:00 ... continue

Hartford Adds Managers Amid Paulson Split Push 2012-02-22T13:12:06-05:00 ... continue

Survey: Most 2011 HF Startups Were Equities Strategies Wed, 22 Feb 2012 12:06:14 -0600 Seward & Kissel, which bills itself the law firm that “helped create the first hedge fund” (A.W. Jones & Co. in 1949), has just completed a survey ... continue

Chinese, Texan And Classic on Hedge Fund Menu 2012-02-22T12:44:40-05:00 ... continue

LightSquared To Ax 45% Of Staff Wed, 22 Feb 2012 10:59:44 -0600 LightSquared, the broadband wireless company backed by Philip Falcone’s Harbinger Capital hedge fund will cut its workforce by 45%. ... continue

Pershing Square Names Another CP Rail Board Nominee 2012-02-22T11:34:35-05:00 ... continue

Gibraltar to Scrap Curb on Funds to Lure Customers 2012-02-22T11:30:32-05:00 ... continue

Sadis & Goldberg Names Two Partners Wed, 22 Feb 2012 09:24:45 -0600 New York-based law firm Sadis & Goldberg has named two new partners—Mitchell Taras and Alexis Gelinas. ... continue