Exclusive: Double points rule is because Ferrari failing, says Eccelstone February 4, 2014 FORMULA ONE boss Bernie Ecclestone says he introduced controversial rules to award double points for the last race of the season in order to help Ferrari compete. The oldest and most celebrated team on the grid have not won a world championship since 2007 – a predicament Ecclestone says contributed to his passing the rule, [...]
Tech resentment in San Francisco is ignoring the real culprit: Government February 4, 2014 RENTS are rising, pushing people on low incomes out of the neighbourhoods they’ve lived in for years. Resentment towards the rich is growing, with the most profitable and dynamic industries singled out for the most ire. Talk of a cost of living crisis, driven above all by the cost of housing, is dominating politics. This [...]
Real emerging market risk is not repeat of 1997 Asian crisis February 3, 2014 Don’t prepare for a reversal in market’s appetite for risk anytime soon TO SOME analysts, the bloodbath in emerging markets over the past fortnight bears uneasy similarities to the early stages of previous full-blown emerging market crises. As a recent note by Brewin Dolphin pointed out, such episodes have historically recurred every 15 years or [...]
CNBC Comment: Don’t blame the Fed for sentiment swing February 3, 2014 WHAT is the difference between the global economy on the last day of 2013 and the first day of 2014? Absolutely nothing. And yet if you look at financial markets, you’d think that something dramatic had happened to send sentiment diving off a cliff after 1 January. What happened to the glorious 2013 rally, accompanied [...]
DailyFX Tips & Picks: Why traders should lose gracefully but win with style February 3, 2014 FXCM data shows that the average trader is right 60 per cent of the time. So why is it that some traders struggle? Analysing 12m actual trades by retail investors, we know that the number one reason for the average trader’s difficulties is a tendency to do the opposite of common wisdom. Losses will be [...]
DailyFX Tips & Picks: Analyst’s pick February 3, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay short sterling-yen, watch for dollar-yen below ¥101.50 Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks Sterling-yen remains on track for a continued pullback, as investors grapple with potential shifts in both the Bank of England’s and Bank of Japan’s [...]
Every awful emerging market acronym in 1 chart February 3, 2014 Inspired by this chart from the TUC’s Duncan Weldon, we’ve stuck together just 10 of the many popular emerging market acronyms in a single diagram. Hopefully you can now make sense of what often seem to be quite arbitrary categorisations. We think you’ll agree that it all looks quite messy, and the takeaway seems to [...]
This Pick ‘n’ Mix giant is getting in the big guns February 3, 2014 (Flickr) The pick ‘n’ mix market may seem at the lower end of the corporate finance spectrum but it’s big business for private equity-backed Tangerine Confectionary, the northern-based manufacturer of some of the UK’s favourite sweets. Tangerine produces a host of iconic British sweets. Remember Black Jacks? Well, it makes them. And Fruit Salads? Yep [...]
Barclays’ CEO Jenkins turns down 2013 bonus February 3, 2014 Barclays chief Antony Jenkins has declined a bonus for last year, saying that it "would not be right" to take one. Jenkins said that he was "aware of the very significant costs which have been required to address legacy litigation and conduct issues in 2013, as well as to exit assets and businesses we no [...]
3 things to look out for in next week’s inflation report February 3, 2014 With no major changes expected at this week’s monetary policy committee meeting, eyes are already turning to next week’s inflation report by the Bank of England. Here’s what to look for. 1. Forward guidance will disengage from unemployment Bank governor Mark Carney’s comments at Davos suggest that the Bank is backing away from its seven [...]