What today’s Court of Appeal ruling means for FCA prosecutions May 21, 2014 Today’s ruling in the UK’s Court of Appeal has overturned the decision of a lower court to effectively halt a fraud prosecution pursued by the Financial Conduct Authority (FCA). The regulator has applauded the ruling, stating that it “is committed to pursuing criminal action in appropriate cases” and is “pleased that this case can now [...]
Investment Comment: How to invest in markets that are now hitting all-time highs May 20, 2014 The UK and US are consistently beating growth expectations – but sensible investors should proceed with caution THE GOOD news? The UK economy is recovering very well, consistently beating growth expectations. We’re seeing increasing levels of merger and acquisition activity, while the FTSE 100, S&P 500 and Dow Jones indices have all been at, or [...]
Not getting enough sleep? Don’t fear May 20, 2014 It's been billed as the supreme “arrogance” of our species. A group of eminent sleep experts recently criticised our willingness to ignore our natural body clocks and to get by on too little sleep. In particular, over-exposure to the blue light from smartphones and tablets is disrupting sleep patterns, leaving us exposed to illness. Even [...]
Thomas Piketty and the great inequality debate: The Ayn Rand response May 20, 2014 After weeks of debates and reviews Thomas Piketty’s Capital in the Twenty First Century is still a subject of fierce controversy and currently ranks 17 on the Amazon bestseller list. Piketty’s argument that the rate of return on capital in capitalist economies tends to be higher than the growth rate, leading to a concentration of [...]
CNBC Comment: How Qatar became Europe’s power broker May 19, 2014 WHEN in distress, US banks call Warren Buffett. In Europe, banks have turned to Qatar. It may only be the size of Yorkshire, but Qatar’s swoop on Deutsche Bank confirms its role as Europe’s power broker, having struck similar deals with Barclays, Credit Suisse, Dexia, KBL and Greece’s Alpha Bank. Germany’s largest bank has announced [...]
DailyFX Tips & Picks: Why new traders may want to consider a wider stop loss May 19, 2014 ALWAYS getting stopped out? We’ve all seen the videos online. Trade with a tight stop loss order and a high per pip value, and you’re on your way to riches. Yet, as many discover too late, it’s not that easy. GAME OF PROBABILITIES At the end of the day, traders have two options: they can [...]
DailyFX Tips & Picks: Analyst’s pick May 19, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Holding short euro basket Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks Contingent on the ECB’s June economic projections, the German central bank is reportedly ready to agree to non-standard easing measures. We could see a move [...]
The three main working types: Which are you? May 19, 2014 Our quick quiz could boost your efficiency in the workplace, writes Diane Gallacher We’ve all got a colleague who doesn’t know how to use the photocopier, or a manager doing trainee-level work. Failing to work at the right level has a profound impact on your efficiency, and blocks the progression of others. The first step [...]
Fatty food is the new tobacco says international report May 19, 2014 The global food industry could be facing a regulatory regime similar to that of the tobacco industry, if world leaders follow the recommendations of a report released by the World Obesity Federation and Consumers International. The two international bodies recommend that the world’s governments undertake a binding commitment to place stricter controls on food marketing [...]
The world’s poorest man has handed himself in to French authorities May 19, 2014 Jerome Kerviel, the ex-Societe Generale trader who has more debt than anyone else in the world, has turned himself in to French authorities to begin a three-year jail sentence. His return home is something of an end point to a saga that goes from huge unauthorised trades on the eve of the financial crisis, to [...]