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Goldman Executive launched on violations

صورة
(FT) -- Goldman Sachs has fired its head of European block trading for violating internal policies and procedures, the Financial Times has learnt. Alexandre Harfouche, a London-based managing director, was sacked for failing to make proper disclosures to the bank's compliance department, according to people familiar with the matter. "Mr Harfouche no longer works for the firm, and I have no idea what his plans are," a Goldman spokesman said, declining to comment further. Mr Harfouche could not be reached for comment. Mr Harfouche's departure comes after a string of professional achievements, leading to his promotion to managing director, Goldman's second-most senior rank, less than a year ago. Mr Harfouche has worked on some of the biggest European stock trades in recent years, including Renault's sale of a $4.2bn stake in the Swedish carmaker Volvo last month. The deal was a coup for Goldman -- the ban

Fears food prices and the United States warns of agricultural crops

صورة
(FT) -- The spectre of inflation loomed over agricultural markets after the US slashed key crop forecasts and warned of shortfalls in grains. The agriculture department on Tuesday cut estimates of US corn yields for a third successive month, forecast record soyabean exports to China and warned of the slimmest cotton stocks since 1925. "The combined production shortfalls and dramatic potential stock drawdowns mean a much tighter supply picture than just a few months ago," the agency said in a separate grains report. Benchmark Chicago corn futures soared above $6 a bushel for the first time since August 2008, before ending lower. Soyabeans rose 4.3 per cent and New York cotton futures posted a record above $1.51 a pound. The price rises have revived fears of a repeat of the global food crisis of 2007-08. In Europe, milling wheat surpassed a peak reached after *Russia banned grain exports in August in response to a devas

Air cargo companies fined for price fixing

A statement issued by the Commission and the European Commission Tuesday fined 11 carrier air cargo price-fixing, --. The airline was fined a total of 799 million euros, or $ 1.1 billion, to run the organization in all parts of the world affected by the shipping services within the European Economic Area. Carriers are Air Canada, Air France KLM, British Airways, Cathay Pacific, Cargolux, Japan Airlines, LAN Chile, Martinair, SAS, Singapore Airlines and Qantas. "It is unfortunate that many of the major airlines coordinated special pricing at the expense of European companies and European consumers," said Joaquin Almunia, the Vice President for European competition, in the statement. He said the decision "sends a clear message that it will not tolerate behavior cartel." Bribes to air cargo security risks caused Related Topics * European Commission The committee said "carriers to coordinate their work on additional charges for fuel and security without discounts o

Apple raises the 100 new features in a program for the company's update

And will ask the company to get its first major upgrade this month when an update is returned to the operating system to get out of the Tablet PC, according to Apple. Tagged on Tuesday with an orange "soon" label, a page on the Apple site and said the next version of the operating system of the company for cell phones - IOS 4,2 - will bring more than 100 new features to ask for the company. Among them, and Apple will say, be multi-task, or the ability to run multiple applications at the same time. Inability to do so and a common complaint about earlier versions of the operating system. Last upgrade of the system, 4.1 Aldakhaliposman Control Department deals with on the iPhone and other Apple tools, but not to ask the company, Apple Computer Tablet Touch. He will also be the ability to organize applications in folders, and improvements to the company's e-mail requests and features web browsing, social gaming "game

Tony Hayward: BP is not ready for the repercussions, he was on the verge of financial

"Chairman of the jokes late into the night and behavior of the target of the wrath of President Barack Obama, and he carried me to the June meeting at the White House with his future at stake. 'Has shaken the confidence of markets,' said Chief Executive Officer of BP Tony Hayward, in his first interview since his resignation, noting how close the company from collapse. The flow of oil from wells is still in the Gulf of Mexico, and the company is being hit financially on all sides, with the share price down and increasing demands to suspend payments of dividends. Has lost a tenth live on the manipulation of the horizon and deep-water Gulf Coast residents and a sense of punch from the disaster. 'This was the days of scary,' said current President Bob Dudley to the BBC, which aired 'BP: $ 30 billion in the explosion,' on Tuesday. 'It was a very, very tense.' Gallery: Coral suffering near the site of oil spill in the Gulf Related Topics BP emerged from