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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Housebuilder upbeat as sales rise

Category : Business

Housebuilder Springfield suggests confidence is returning to the housing market, after posting strong first-quarter results.

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UK business sees better prospects

Category : World News

Confidence is improving across most UK businesses, according to the latest business surveys, although manufacturers are less optimistic.

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UK business confidence ‘improving’

Category : Business

Confidence among UK businesses is continuing to improve, a survey suggests, despite slow growth in the economy.

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Italy’s new government faces confidence vote – Eurozone crisis live

Category : Business

Prime minister Enrico Letta faces a confidence vote this afternoon, after a sale of Italian debt this morning

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Soros reveals stake in J.C. Penney; stock surges

Category : Business

George Soros has given ailing J.C. Penney a big vote of confidence.

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German business confidence sinks

Category : Business, World News

German business confidence falls in April for the second consecutive month, according to a closely-watched Ifo survey.

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BMW to assemble Mini cars in India

Category : Business, World News

BMW is to begin building the Mini in India, in a move that suggests confidence in the country’s emerging car market.

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The evidence is in privatization blunders have serious patient care consequences

Category : Stocks, World News

Liberals must restore confidence in health system, end policies that encourage outsourcing

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IMF to cut US growth forecast amid downbeat retail and confidence data

Category : Business

International Monetary Fund warns on the effects of budget spending wrangles on a slowing US economy

America’s budget wrangling is holding back recovery in the world’s largest economy, according to a leaked draft of forecasts from the International Monetary Fund that coincided with data showing a dip in consumer confidence and weaker spending in the nation’s shopping malls.

Official figures from Washington showed that retail sales in March dipped by 0.4% in March – worse than Wall Street had been anticipating and the second monthly fall since payroll taxes and income tax rose at the start of 2013.

Chris Williamson, economist at Markit, said: “This weakness is possibly linked to increased payroll and income tax hikes which took effect at the start of the year, and will inevitably add to worries that the US economy is slowing as we move into the spring as automatic budget spending cuts come into force. With this in mind, the Fed will be more cautious about sending signals that it is preparing to ease back on policy stimulus.”

Meanwhile, the monthly snapshot of sentiment conducted by Michigan university showed consumer confidence dropped to its lowest in nine months.

The downbeat news came as the Bloomberg news agency reported that the International Monetary Fund would trim its growth forecast for the US in next week’s half-yearly World Economic Outlook.

Bloomberg said a leaked draft of the WEO showed that growth in the world’s biggest economy would be 1.7% in 2013, down from 2% in January when the IMF last updated its predictions.

The report said automatic cuts as part of the deal between the White House and Congress to tackle America’s budget deficit were the reason for the lower forecast for US growth this year. Action by Tokyo to combat inflation has led to the Fund increasing its estimate of Japanese growth in 2013 from 1.2% to 1.5%, but there has been no change in its forecast of a 0.2% contraction in the eurozone economy. The forecasts may be updated before their official release next Tuesday, but the draft leaked to Bloomberg has the global economy expanding by 3.4% in 2013, down from 3.5% in January.

Every woman in the boardroom must pull others up behind her | Karren Brady

Category : Business

A report shows that female appointments to FTSE boards have slowed. It is up to those at the top to bridge the gender gap

Margaret Thatcher used to say, “If you want anything done, ask a woman“, but when it comes to applying this at the most senior level of UK business, momentum is lagging. Cranfield School of Management revealed yesterday that in the first half of the 2012 financial year, 44% of board-level appointments at FTSE 100 firms went to women. This slowed to 26% in the second half, and there remains a 33% gap between the current rate of recruitment of women to the boardroom and the recommended level needed to achieve equality. British business continues to fail to tackle the barriers that deter women from fulfilling their potential, with a knock-on impact on our economy and society.

However, the Cranfield research does show that the picture isn’t uniformly bad. Women are dominating in the middle levels of certain careers, such as law and marketing, yet this does not translate into boardroom representation. Now is the time for more women in business to recognise their own potential and have the confidence to aim high. We cannot wait for our male colleagues to champion our cause. Nor should we be held back by any guilt that being ambitious and successful at work is somehow not acceptable for women. Too many women don’t see themselves in senior leadership and so don’t push themselves to advance their careers as their male peer group do.

It’s depressing that ambition and feminism have become almost dirty words for working women. But, there is no reason that they should be and, increasingly, I am struck by how the next generation is challenging conceptions of what it means to be successful at work. I regularly meet young women who, just as I did when I was 23 and took on Birmingham Football Club, are starting their careers with a determination to achieve all they can.

My view is that the key to their success is confidence, and possessing the self-belief to challenge stereotypes. In 20 or 30 years’ time, it is these women who will be fundamentally transforming British boards. But this also begs the question of what happens in the meantime. The Cranfield research shows that, while there are too few women in senior business roles, those who are successful could do more to help other women up after them. When I attend events for Women in Business, I often see the same faces. If every woman who got to the top brought just two up behind her, the number of women in the boardroom would triple. When I joined West Ham FC, there were no women in the boardroom and now 50% of the board are female. Rather than pulling up the ladder behind me, I created an environment where women could balance both work and family while aiming for the top.

Any board executive can forget just how many people helped them get where they are. Those women who have got to the top need actively to ensure there is a pipeline of younger women, whether by networking or mentoring, who in turn are encouraging those below them. Women in the boardroom must not forget how many challenges and difficulties we have overcome, and we should share our coping strategies.

It is critical to create opportunities to identify talented women in business, then support them to develop their confidence to aim for the boardroom. We need to look outside the corporate mainstream, at female entrepreneurs and self-employed businesswomen, who can inject different insights and diversity to any board.

We also need to look further down the pipeline at the young women who haven’t yet started their careers. When it comes to the route to the boardroom, the barriers start early. Those of us who have achieved success must reach out and inspire young people to aim high, through programmes such as LifeSkills, for which I am an ambassador.

While the peak of female boardroom recruitment has been encouraging, more is needed to bridge the gender gap successfully and sustainably. We need to address the whole journey to the boardroom. Business leaders can and should do more to help instil women in business with the confidence and aspiration to aim for the boardroom and inspire the next generation before they leave school.