Jeremy Corbyn MP | Coalition of Resistance 20 Jan 2011
Saturday, January 22, 2011
Wednesday, January 12, 2011
Lloyds' Eric Daniels in line for £2m bonus
Lloyds Banking Group boss Eric Daniels is in line for a bonus of about £2m this year, the BBC has learned.
Mr Daniels, who steps down in March, has turned down a bonus in the past two years but will not do so again, sources told BBC business editor Robert Peston.
The government bailed out Lloyds after it took over HBOS in 2008, and still holds a 41% stake in the bank.
On Tuesday, Barclays boss Bob Diamond said he had not decided whether he would accept a bonus this year.
On top of the bonus, Mr Daniels could receive shares worth another £2m from a long-term incentive plan, according to our correspondent.
The announcement on the bonus will be made in February, he added.
The news of Mr Daniels' bonus came on the day that the Labour leader Ed Miliband accused Prime Minister David Cameron of "pathetic excuses" for breaking promises to limit bank bonuses.
BBC News | 12 January 2010
Will Brazilian equities get their mojo back under new President Dilma Rousseff, who's battling a strengthening currency?
Brazil's Bovespa exchange rose just 1% in 2010 while many New York-listed stocks like energy giant Petro bras (PBR) dived, even as Brazil's hot economy jumped an estimated 7.4%. The Bovespa surged 83% in 2009, leading the way out of the global financial crisis.
With China a big buyer of Brazilian iron ore, meat, soy beans and sugar, some pundits say the Bovespa may not come roaring back until China's stocks rebound.
China's exchange shed 14% last year. Beijing is tightening monetary policy, which will cool its economy.
Rousseff, meanwhile, is aiming to take a tougher line in trade talks with China amid global currency tensions. Brazil's currency, the real, is up more than 100% against the U.S. dollar since 2003. Brazil's trade, however, has been shifting from the U.S. to China.