Tuesday 09 June 1998
A YEAR ago the economists of the Bank for International Settlements saw some of the potential tensions in East Asia that lead to the collapses there.
Now they warn of continuing tensions as the dollar climbs and the US current account deficit mounts; a European Central Bank struggling to balance the different monetary needs of core and fringe Europe; and an Asian crisis that is still far from resolved. Hamish McRae examines the new BIS report, page 21.
Unigate still wants
parts of Hillsdown
UNIGATE, THE fresh foods and dairy group which dramatically abandoned a pounds 1.6bn bid for Hillsdown Holdings last month, said yesterday that it remained interested in acquiring parts of Hillsdown but was unlikely to launch another bid. "We can't see the circumstances under which we would go back for the whole of Hillsdown," said Sir Ross Buckland, Unigate's chief executive.
Investment Column 23.
British Land attacks tax changes
INNER CITY redevelopment is being held back because of the government's "insidious" and "unpredictable" tax system, said a key developer, British Land, yesterday.
The company reported a 39 per cent increase in pre-tax profits to pounds 127.2m, but said tax changes had limited its increased net asset value to 592p instead of 628p.
Investment Column 23.
- 1 What happens to your body when you give up sugar?
- 2 Have sex with your iPad thanks to the new sex toy no-one asked for
- 3 Bali nine: Welcome to 'Execution Island' – the Indonesian holiday resort where foreigners are sent to die
- 4 The 'sex selfie stick' lets you FaceTime the inside of a vagina
- 5 Why you're almost certainly more like your father than your mother
Mark Zuckerberg: Facebook CEO's one simple test for who to hire
Bali nine: Welcome to 'Execution Island' – the Indonesian holiday resort where foreigners are sent to die
'A girl is more responsible for rape than a boy': The statement that shocked the world... except India
The 'sex selfie stick' lets you FaceTime the inside of a vagina
Saudi Arabia executions now at 'unprecedented rate' after kingdom kills four more in two days
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
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