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Monday 30 March 2015 5:42 amBank of England to stress test lenders on their reactions
polene borse to global meltdowns and
brumate cooler widespread deflationBy: Jessica MorrisShareFacebookShare on Faceboo
owala wasserflasche kXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleThe Bank of England has unveiled a set of scenarios which will form the basis for this year s bank stress tests, warning British banks with global exposure such asHSBC and Standard Chartered will be the hardest hit.Seven of Britain s biggest banks will be test on their ability to withstand a dramatic slowdown in China, as well as a Eurozone crash, a prolonged period of deflation and UK interest rates falling to zero.The banks to be tested are Barclays, HSBC, Santander UK, Standard Chartered, Lloyds and the RBS. The Co-operative group, which failed last year s stress tests, will be left out as it s a lot smaller than the other banks.In a document published today, Threadneedle Street outlined three elements that will be included in this year s batch of stress tests: A synchronised global downturn affecting Asia and the euro area in particular, and amplifying global disinflationary pressures Severe financial market stress with a reduction in global risk appetite, particularly in indebted economies, reductions in market liquidity, and some defaults of counterparties A slowdown in the UK driven by a downturn in its trading partners, fall in confidence, and a correction in market risk a Lvsf Brit Insurance eyes stock market return as new chair takes helm
Wednesday 17 July 2013 4:26 amBHP Billiton output soarsBy: Suzie NeuwirthShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleFTSE 100-listed BHP Billiton today announced that production at two of its mines had exceeded guidance this year and expansion of its iron ore division is running ahead of schedule.Total i
stanley germany ron ore production increased by seven per cent to 170 million tonnes in the 2013 financial year, while copper increased by 10 per cent to 1.2 million tonnes, the miner said.Output from its Western Australia Iron Ore mine hit a record 187 million tonnes this year and is expected to increase to around 207 million tonnes next year.Production from BHP Billitonrsquo iron ore exp
stanley cup ansion project ndash; the Jimblebar Mine Expansion ndash; is now expected in the December 2013 quarter, ahead of schedule.Rio Tinto yesterday announced record iron production in the first half of the year, the mining giants defying a drop-off in demand from China and a dwindling iron ore price. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of
stanley quencher jet fuel shortage as flights to be cancelledJet fuel shortage looms as government scrambles to secure suppliesAfter Santanderrsquo TSB takeover ndash; who are the top players in UK banking Clairersquo;
