22nd June 2011
From Reuters, author of ''Warren Buffett Invests Like a Girl'' LouAnn Lofton discusses how the investor's traditionally ''female'' trading and investing habits have made him one of the wealthiest men in the world.
Greece is trending again today, from the Telegraph, leading London-based think tank Open Europe has claimed that a fresh bail-out, expected to be around €120bn (£106bn), will almost triple taxpayers' existing exposure to Greek debt. European leaders have been urged to scrap plans for a second Greek bail-out – as the Athens government wins a critical vote of confidence in parliament.
This is Money are discussing Greece as well, Britain could be hit with losses of up to £366bn from the collapse of the Greek economy, it emerged last night. The potential devastation of banks and other City institutions would be equal to 24% of our annual national output, or £14,640 for every family in the UK.
Even though Greece had a vote of confidence in parliament last night, the FTSE is still down according to Reuters. Investors became focussed on the publication of minutes from June's Bank of England Monetary Policy Committee meeting and then towards the latest Federal Reserve rate U.S. rate decision and press conference, due after London markets close, with investors hoping to learn more about its policy to deal with a slowdown in the economic recovery.
Also on the Telegraph, The Government cut borrowing in May, but not enough to prevent it racking up a record deficit for the first two months of the new financial year.
Today in the Guardian, Britain's banks could be radically overhauled under new proposals from Brussels demanding that a third of the directors on the boards of banks should be female.
The Financial Times is reporting on how the World Bank is taking the rare step of encouraging companies in developing countries to buy insurance in the derivatives markets against sudden changes in food prices with a deal that should allow them to hedge $4bn worth of commodities.
From the Independent, In a confirmation of the current "dovish" bias of the Bank of England's Monetary Policy Committee (MPC), one of the Bank's senior policymakers has stressed that a further round of quantitative easing (QE) remains an option for the Bank, on top of the £200bn already disbursed.
Also on the Independent, RBS bankers sold more than half their bonus shares the second they were allowed to do so, which isn't much of a statement of confidence in the bank's prospects, and that an exit of this kind after just 18 months isn't an advance towards aligning the interests of a bank's staff and its shareholders.
On the BBC News today, minutes from the MPC meeting in June are out, and new member, Ben Broadbent has voted to keep rates on hold at 0.5%.
This is Money, Middle-income families are having up to 45p in every £1 they earn snatched by the state – with almost half being taken in invisible taxes on their spending covering everything from holidays to clothing, sweets and alcohol.