Beware: frisky business June 22, 2011 A TUC survey showed that a quarter of all long-term relationships in the UK started at work. Hardly surprising, given most of our time is spent there. But this happens against a backdrop of employers’ growing restrictions on office romances. While it’s understandable that employers are fearful of the consequences and the impact on their [...]
FIVE TIPS FOR BECOMING A SAVVY TRADER June 22, 2011 SENIOR TRADER, GLOBAL REACH THERE are lots of opportunities to become a foreign exchange (FX) trader, especially with the increased use of trading portals and spread betting. Whether it’s as a private trader using your own funds or working for a trading house, the rules for success and promotion are the same. The key to [...]
CAREERS NEWS | IN BRIEF June 22, 2011 BUREAUCRACY BARRIER TO INNOVATION Three quarters of business executives think bureaucracy within organisations is the biggest barrier to innovation, according to a survey by London Business School. When polled, 77 per cent of the business audience said that improving incentives, reducing red tape and promoting greater flexibility in the business environment was key to stimulating [...]
FTSE gains after commodity rally and flurry of M&A bids June 21, 2011 BRITAIN’S leading shares pushed higher yesterday, led by rallying commodity stocks and banks as investors awaited a vote of confidence in the Greek Parliament. The vote, due after the London market close, is seen as a key step towards the passage of more spending cuts in exchange for foreign emergency loans. “What equity markets need [...]
US stocks recover on Greece hopes June 21, 2011 US stocks posted gains for the fourth day yesterday on growing hopes that Greece will avoid a debt default, adding momentum to the market’s recent rebound. The Nasdaq had its biggest percentage gain since October, while the S&P 500 marked its best day in two months in what investors believe could be continued short-term buying [...]
There isn’t an alternative to Greek default June 21, 2011 GREECE is in a dire state. While people protest in the streets, bond yields consistently point towards expectations of a default. Things are going to be bad, but if the key actors continue to deny the inevitable, the tragedy will play out even worse. As such, forex traders need to keep on their toes. SEEING [...]
AFTER GREECE, THE EURO WILL LOOK TO DATA June 21, 2011 CURRENCY markets were in a state of suspended animation, awaiting the Greek no confidence vote. But the verdict of the parliament in Athens wasn’t surprising. Prime Minister Papandreou was never likely to lose, despite the fact that he had a majority of just five in the parliament of 300. The stakes were simply too large. [...]
THE TIPSTER June 21, 2011 STERLING-yen continues to come under pressure as it hit a low yesterday not seen since the earthquake related slide in mid-March of ¥129.73. Heavy pressure on dollar-yen and a similarly weak cable helped to push it lower. It looks intent on testing the support areas around ¥129.15-¥128.70, so anyone tempted to buy this pair should [...]
Keeping track of your company’s total emissions makes sense on every level June 21, 2011 HEAD OF ACCA UK IT’S fair to say that climate change issues have stormed into the mainstream of political debate over the past couple of decades. David Cameron’s 2006 trip with the huskies and the consequent “vote blue, go green” strapline wouldn’t have been possible without the change in perception of green issues; “climate change” [...]
Looking into the Fed’s crystal ball June 21, 2011 CHARLES SCHWAB LIZ ANN SONDERS We believe monetary policy is largely on hold for the near to medium-term. It’s unlikely the Fed will begin to let its balance sheet shrink; as such, “QE 2.5” – reinvesting proceeds from maturing Treasuries to maintain the level of its balance sheet – would be considered a go once [...]
