US stocks fall as investors fret over debt May 31, 2012 US stocks fell modestly yesterday to close out the worst month since September as investor sentiment sank on Europe’s deepening credit problems. The broad S&P 500 index fell 6.3 per cent in May, its largest percentage drop since September. The Dow’s 6.2 per cent drop and Nasdaq’s 7.2 per cent loss are their largest monthly [...]
FTSE rally snapped by rising bond yields and fears over Greek election May 30, 2012 BRITAIN’S top shares dropped yesterday, snapping a four-session rally, as rising bond yields for Italy and Spain and the latest poll results in Greece stoked fears about the Eurozone debt crisis, sapping investors’ risk appetite. The FTSE 100 index closed down 93.86 points, or 1.7 per cent at 5,297.28, reversing much of the rally seen [...]
US stocks drop as euro angst lifts fear gauge May 30, 2012 US stocks tumbled yesterday as surging bond yields in Spain and Italy ratcheted up tensions in financial markets about Europe’s ability to solve its growing debt crisis. Angst over Europe drove investors away from risky assets and into safe havens. US Treasury benchmark yields fell to their lowest in at least 60 years, prices for [...]
Let others take the burden as a passive career hunter May 30, 2012 WE’RE all job seekers now. That’s the message of recent Ipsos Mori research, commissioned by professional networking site LinkedIn. In a survey of 2,400 professionals, it found that 67 per cent felt the optimum time to spend on their career each day was 30 minutes or more. The survey took a broad, rather quaint, look [...]
JOBS of the WEEK May 30, 2012 SENIOR LEGAL DIRECTOR SINGAPORE £200k-£300k pa An accomplished lawyer is required to manage compliance for a leading investment manager’s Singapore-based operations. Candidates must have at least 10 years relevant experience. http://www.cityamcareers.com/job/12399 COMMODITY QUANTITATIVE ANALYST NEW YORK $200k-$350k pa A New York analytics house wants to grow its commodity quant team through the addition of an [...]
How the cloud can answer data needs May 30, 2012 INCESSANT talk of big data over the last 18 months has gone hand-in-hand with talk of the abilities of cloud storage and computing to meet these demands. Just what is cloud storage and what can it mean for your business requirements? It can mean different things to different people, but its aim is to provide [...]
An intelligent cloud network is the bright and flexible solution May 30, 2012 DIRECTOR UK ENTERPRISE, CISCO Q Why is cloud becoming such a hot topic? A Most UK businesses are already using some sort of cloud service and are looking to provide more of their IT capability this way. Ahead of the obvious reasons like reducing costs and easier maintenance, today’s drivers are increasingly around performance, agility [...]
Legal considerations for off-site storage May 30, 2012 IN traditional outsourcing, when an activity is transferred by an outsourcer to a service provider, the outsourcer may retain regulatory compliance responsibility. Cloud computing is a new form of outsourcing and many traditional outsourcing concerns and issues apply equally. Compliance responsibility remains unaffected: you can outsource the fulfillment of the regulatory requirement, but you cannot [...]
FTSE up fourth day but rally may end soon May 29, 2012 BRITAIN’S main share index rose for the fourth consecutive day yesterday on hopes of new measures to tackle Europe’s economic crisis, although traders said the rally could be short-lived due to persistent fears over the region’s debt troubles. The benchmark FTSE 100 closed up 34.80 points, or 0.7 per cent, at 5,391.14 points – its [...]
Hopes of euro bailout lift stocks as Facebook dives May 29, 2012 US stocks rose yesterday as signs Greece would stay in the Eurozone were enough to spark buying in what has been a weak month for equities, while Facebook plumbed new lows on high volume. Wall Street has swung back and forth on shifting signals coming out of Europe. More than three issues rose for every [...]