Archive for July 7th, 2010
Microsoft only sold 503 Kin phones before pulling the plug, a “well-placed” little birdie told Daring Fireball’s Joh…
Microsoft only sold 503 Kin phones before pulling the plug, a “well-placed” little birdie told Daring Fireball’s John Gruber. Previously, CNET reported that Kin sales were greater than 1,000 but less than 10,000.
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BoE expected to keep interest rates on hold tomorrow
The Bank of England’s Monetary Policy Committee (MPC) is tomorrow expected to keep UK interest rates on hold at the historically low level of 0.5% for the 17th consecutive month.
Furthermore, all members of the MPC are expected to keep the quantitative easing programme (QE) on hold.
QE, also known as printing money, is a process [...]
European Parliament approves cap on bankers’ bonuses
From January next year, restrictions on bankers’ bonuses will take effect, the European Parliament has announced today.
Under the deal agreed by the EU members last month, cash bonuses will be capped at 30% of the total bonus.
60% of bonuses should be variable and for future payment only, with at least 40% having to be [...]
Barclay’s leads banks higher in London
European equities markets saw gains Wednesday as banks in the region were higher on hopes that an upcoming stress test for banks will not return results as disappointing as feared.
The FTSE 100 added 1 percent to 5,014.82 in London, while the FTSE 250 was up 0.65 percent to 9,562.68.
Barclay’s Bank (LSE: BARC) led gainers on [...]
Yorkshire’s new bonds pay up to 4.6%
Yorkshire Building Society has announced a new range of fixed-rate bonds paying interest at up to 4.6% gross/AER.
Customers can choose between two year, three year and five year options.
Interest is paid at 3.56% on the two year bond, 4.11% on the three year bond, and 4.6% on the five year bond.
Savers can apply for the [...]