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 Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
- 2 Christians: The world's most persecuted people
- 3 The secret report that helps Israelis to hide facts
- 4 Danish TV reporter is all business up top, all party down below
- 5 Denmark bans kosher and halal slaughter as minister says ‘animal rights come before religion’
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Israel-Gaza conflict: The children were playing in the street with toy guns. The missiles were tragically real
Danish TV reporter is all business up top, all party down below
Syria conflict: Syrian and Turkish Kurds unite to battle Isis threat - ‘We shoot them like sheep, but next day double the number return’
Ross Burden dead: MasterChef and Ready Steady Cook star, dies aged 45
The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
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