Large caps break 5,000 as travel gets its day in the sun September 9, 2009 THE FTSE 100 ended a week of waiting yesterday to pull itself above the 5,000 level by the close. The benchmark index rose by 1.2 per cent on the back of strong oil and bank stocks, as well as early gains on Wall Street. By the close the index was 56.96 points higher at 5,004.30, [...]
Weak dollar helps stocks on WallSt September 9, 2009 US STOCKS closed higher for a fourth straight day yesterday, sending the Standard & Poor’s 500 index to its best finish so far this year as industrial and technology companies gained from a weak dollar. The dollar’s fall to a 2009 low helped to make US products more competitive overseas. Earth-moving equipment maker Caterpillar, rose [...]
MBAs give you a flexibility that employers love September 9, 2009 IF there are people who doubt the value of an MBA, the Home Office isn’t one of them. A few years ago it introduced a points-based system for those wishing to immigrate to the UK. The receipt of a Nobel prize, Oscar or an Olympic medal gets you 25 points. If you have an MBA, [...]
Even before CSR, good business schools were already ethical September 9, 2009 MY word is my bond”, is the motto of the London Stock Exchange. There is a reason that this notion is fundamental to the City. Without trust, there can be no business – on the most basic level, you have to be able to believe that the goods you have paid for will be delivered, [...]
CITY CAN BE THE CRUNCH CASE CAPITAL September 8, 2009 ANTHONY MATONPARTNER AT HAUSFELD & CO LLP SINCE the credit crunch started in the US in 2007, the subsequent banking crisis has spread across the globe. The UK’s legal profession may have suffered as a consequence, but we have also been presented with a golden opportunity to position London as the international venue of choice [...]
THE LONDON REPORT September 8, 2009 BRITAIN’S top share index rose for a third straight session yesterday, buoyed by the return of M&A activity and supported by hawkish economic data and with heavyweight mining. Energy stocks lead the gainers. The FTSE 100 closed 14.16 points higher, or 0.3 per cent, at 4,947.34, hitting a fresh highest closing level in 11 months. [...]
NEW YORK REPORT September 8, 2009 US stocks advanced yesterday on an uptick in corporate deal activity while the weak dollar led to gains in commodities, lifting shares of oil and mining companies. Although Kraft’s stock fell nearly 6 per cent, other food companies rose, including Hershey, which added 1.3 per cent to $39.14. The dollar fell to its lowest this [...]
Forward forex markets are bearish for the dollar’s status September 8, 2009 A QUICK glance at the usually lively currency markets would suggest that not a whole lot is going on in foreign exchange. Major currency pairs are stuck in tight trading ranges – the euro-dollar, for example, has been stuck in the $1.33-$1.44 trading range since June. It would be tempting to say that traders ought [...]
Swissie will not replace yen for carry traders September 8, 2009 COMPARED to the sharp and unexpected moves that they have previously seen, spot currency markets have been exceptionally dull of late and many major currency pairs remain range-bound with little sign of any breakout move. Unable to rely on big daily moves in currency pairs for their profits, forex traders have returned to the popular [...]
Tax lawyers defend off-shore regimes September 8, 2009 IFEAR you will have no choice but to consider new taxes, perhaps payroll and property taxes such as in the British Virgin Islands,” wrote Chris Bryant, the junior foreign office minister, to the Cayman Islands government this month. It was a withering response to a request made by the British overseas territory to Westminster for [...]