MBA research quirks can better your career July 18, 2012 WHY SHOULD an MBA student care how John Maynard Keynes picked his stocks? Or how hospitals can be redesigned to prevent infection? Or how farmers’ markets could attract new customers? To many, the research interests of business school professors will seem abstract, narrow, even irrelevant. And MBA students may not be all that bothered whether [...]
Cornerstone stocks drag down the FTSE 100 in thin trading volumes July 17, 2012 BRITAIN’S top share index dropped in thin volume yesterday, hit by falls for several heavyweight banks and miners, and was expected to remain technically range-bound in the near term. While some in the market had hoped US Federal Reserve chairman Ben Bernanke would signal it was closer to launching a fresh round of monetary stimulus, [...]
Earnings relief and Fed hints lift Wall Street July 17, 2012 US stocks rose yesterday after Coca-Cola and Goldman Sachs joined the growing roster of S&P companies that beat profit forecasts and as Federal Reserve chairman Ben Bernanke left the door open to more stimulus. The Dow Jones industrial average rose 78.33 points, or 0.62 per cent, at 12,805.54. The Standard & Poor’s 500 Index added [...]
We need a fresh approach to risk July 17, 2012 IN LATE June, beginning of July, someone pressed the emergency malfunction switch again for the UK’s banks. The reputational fallout has been toxic. Even Mervyn King, the governor of the Bank of England said: “[something] went very wrong with the UK banking industry and we need to put it right.” In just two short weeks, [...]
FTSE dips on mining and banking while security firm G4S is top faller July 16, 2012 BRITAIN’S top share index edged lower in low-volume trade yesterday, led by banks and mining stocks, as concern about the outlook for corporate earnings kept investors cautious. The FTSE 100 ended down 3.7 points, or 0.1 per cent, at 5,662.43 in volume, just under two-thirds of its 90-day daily average. “Investors are not keen to [...]
Citigroup lifts market despite decline in retail July 16, 2012 ASURPRISE decline in June retail sales was the latest worrying sign from the economy, pushing stocks slightly lower yesterday, but Citigroup earnings limited losses in another forecast-beating report from a bank. The S&P 500 has fallen in seven of the last eight sessions, weighed down by concerns about the economy. Still, in a sign of [...]
Trading hurdles at this summer’s Games July 16, 2012 LOOKING ahead to the start of the Olympic Games, there is no end of attempts to make tie-ins – official or not – with the festival of sport. But who are going to be the real winners and losers in business this summer? Much was made of the effects of the Jubilee celebrations on high [...]
US MARKET DATA POINTS TO A SUMMER OF CHALLENGES July 16, 2012 TODAY we’ll hear more from Ben Bernanke, as the chairman of the US Federal Reserve delivers his semi-annual monetary policy report to the Senate Banking Committee. He’ll follow this up tomorrow by addressing the House Financial Services Committee. He is likely to remind policymakers that fiscal issues must be addressed, and that they cannot rely [...]
THE TIPSTER | Mining opportunities for profit July 16, 2012 MINING stocks have seen their fair share of selling this year, but BHP Billiton’s trading update on Wednesday may give the resources giant a chance to shine. Following a decline in its share price of some 10 per cent this year, investors will be hoping for some long-awaited good news. Capital Spreads quotes a price [...]
Analyst picks for 17 July 2012 July 16, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie-dollar and euro-yen, long dollar-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days We remain short on Aussie dollar-dollar from $1.0265, and short on euro-yen from ¥98.55, as we seek fresh monthly lows in these pairs. The euro-yen is [...]