Mindful Money’s news round-up: Tuesday 26th July 2011

26th July 2011

Story of the day:

From the Guardian, in uncertain economic times, alarmed investors want to minimise their risks. We take a look at the options

Gold, fine wine, art or under the bed: what's the safest place for your cash?

And the best of the rest:

The Wall Street Journal are reporting, bosses in Northern Europe create a more positive and democratic working environment than their Mediterranean counterparts, according to the findings of a survey to be published Tuesday by management-consulting firm Hay Group

Northern European Workplaces Are Happier

Bad news for the UK this morning in the Telegraph, weak growth is putting Britain's precious AAA sovereign credit rating at risk, experts have warned ahead of Tuesday's lacklustre GDP figures.

Weak UK growth puts AAA rating at risk, experts warn

Also from the Telegraph, Britain risks losing trade with China because of its tough visa policy and a complacent approach to complaints adopted by ministers, a Commons committee says in a report out today.

Chinese concerns about UK may hit trade, MPs warn

The Financial Times is reporting on Bank profit results, UBS scrapped its ambitious earnings targets and announced sweeping cost cuts after a disappointing quarter that saw net profits slump by 49 per cent.

UBS scraps earnings targets

Also from the Financial Times, Deutsche Bank reported disappointing second-quarter results on Tuesday, hit by challenging market conditions in its investment banking operations.

Deutsche suffers investment bank slowdown

Reuters is discussing BP's disappointing profit results, BP (BP.L) Chief Executive Bob Dudley promised long-term growth after a weak performance for the next few months, in an attempt to ease investors' frustration at the oil major's sluggish share price.

BP tries to soothe investor ire as profits lag

The US debt issues are being discussed in the Independent, President Barack Obama today called on divided congressional leaders to compromise and break a deadlock over raising the US debt limit that he said risked a "reckless" national default.

Obama urges compromise to avoid 'deep economic crisis'

While the New York Times is writing about Greece, Europe's latest plan to prop up Greece looks suspiciously like a plan to bolster European banks.

In Greek Debt Deal, Clear Benefits for the Banks

The Wall Street Journal is reporting how the stock markets are doing, European stocks are a touch higher overall while the dollar is being slammed, with mixed earnings data and continuing U.S. debt negotiations leaving investors unwilling to make any bold moves in equities and wary of Wall Street.

European Stocks Edge Higher

Today in This is Money, David Cameron yesterday ruled out tax cuts or spending increases to kick-start Britain's economy as ministers braced themselves for figures showing growth has ground to a halt.

Tax cuts and spending rises ruled out as Cameron and Osborne refuse to retreat on 50p rate

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