Economically reckless tax championed September 28, 2011 THOUGH most ought to have ceased to be surprised by off-the-wall Eurozone policy announcements and scapegoating speeches, you can always rely on European ministers to pull something out of the bag. And yesterday, Jose Manuel Barroso, the European Commission president, did not disappoint. As the Eurozone quakes in its boots at the prospect of Greek [...]
Putting women on boards will not help September 28, 2011 CATASTROPHIC errors of judgment” by company boards are blamed in Alistair Darling’s memoirs for the spectacular corporate failures over the last few years. Bringing more women into the boardroom to shake up behaviour is being touted as at least part of the answer and Lord Davies has called for at least a quarter of the [...]
FTSE bounces four per cent as hope for euro plan grows September 27, 2011 BRITAIN’S top share index gained strongly yesterday, posting its biggest one-day percentage gain for 16 months, boosted by a rally from commodity stocks and advances by banks on increased hopes that European leaders will take decisive action to alleviate the region’s debt crisis encouraged investors. Banking stocks, among the most sensitive to the twists in [...]
Progress on debt crisis lifts stocks September 27, 2011 US stocks rose for a third day yesterday on efforts by Eurozone officials to solidify the region’s rescue fund and alleviate a sovereign debt crisis, boosting optimism. But equities ended off their highs for the day after a report suggested cracks were emerging in a previously agreed deal to tackle the crisis. A successful solution [...]
Building the Olympic family: Adecco has its whole team at work on 2012 September 27, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 303 DAYS TO GO Steve Girdler lays out the business case for becoming the official recruiter for London’s organising committee Q.WHAT WAS YOUR BRAND’S PRIMARY REASON FOR BEING INVOLVED WITH THE GAMES? A.We’ve been involved in a number of Games in the past. In this one we’ve taken [...]
Strong dollar should be seen as a warning September 27, 2011 THOUGH yesterday saw a broad market rally, it was a tiny chink of light in an otherwise dark tunnel for the economy. The ongoing Eurozone debt crisis and the seeming inability of anybody involved to take hold of the situation with a credible plan for managing the fallout of an inevitable Greek default has driven [...]
POUND COULD SUFFER FROM EU FALLOUT September 27, 2011 RECENTLY the focus in the FX market has been squarely upon the euro, while trading in cable has been uncharacteristically quiet. While the euro has tumbled as European officials desperately try to contain the growing credit crisis in the region, sterling has remained relatively steady. Amazingly enough the pound has become a safe haven play, [...]
THE TIPSTER September 27, 2011 ONE of the FX pairs hit the hardest from dollar strength and the commodities sell-off over the past week has been the Australian dollar-dollar pair. The Aussie tumbled over 6.5 per cent to lows of $0.9623 last week, but since then has recovered steadily as the US dollar rally takes a breather. It may struggle [...]
FOREX ANALYST PICKS September 27, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar $1.3400 and sterling-dollar below $1.5300 Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week This past week the markets delivered a major shock to risk trends. The opportunities this development produced were substantial. In this move, my Aussie-yen and Loonie-yen [...]
Shift in hedge fund management to Asia Pacific gains more pace September 26, 2011 AROUND three-quarters of assets under the management of Asia-focused hedge funds are managed by fund managers based in the region, up from about 60 per cent three years ago, according to a survey by industry tracker AsiaHedge released yesterday. The growth is a big leap from the year 2000, in the early years of the [...]