POUND COULD HIT PARITY WITH DOLLAR March 2, 2010 BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT LAST week I was on CNBC Europe when a viewer asked – will the euro go to parity against the dollar? I was surprised by the question, replying that despite the current turmoil in the Eurozone, such talk was a bit premature and reminded the audience that less [...]
THE TIPSTER March 2, 2010 WITH all attention on the plunging pound this week, the euro has been relatively quiet. But euro-US dollar could come back to centre stage since the clock is ticking for the Greek government to demonstrate that it’s taking effective steps to reduce its huge debt. Prime Minister Papandreou meets Angela Merkel of Germany on Friday [...]
FSA’s fine means Lehman cases are on the cards March 2, 2010 LAURENCE LIEBERMAN FINANCIAL DISPUTES PARTNER AT TAYLOR WESSING LAST Thursday, the FSA fined RSM Tenon Financial Services £700,000 for failings in its advice and sales processes relating to Lehman-backed structured products between 1 November 2007 and 31 August 2008. Tenon was also directed to conduct a past-business review and compensate those customers that it determines [...]
English fraud law is powerful and popular March 2, 2010 STEVEN RICHARDS ASSOCIATE AT JONES DAY THE recent case of Binyam Mohammed, in which the former Guantanamo detainee was successful in obtaining the disclosure from the UK government of documents relating to his alleged mistreatment by foreign personnel at a US base in Afghanistan, might not seem to have a lot to do with fraud [...]
It’s the moment to buy oversold Greek stocks March 1, 2010 FOLLOWING weeks of turmoil, it looks like the worst of Greece’s debt problems are over, at least for the time being. Talk of a rescue plan and encouraging news on the budget deficit are restoring some confidence. Could now be the time to invest in Greece? The Greek stock market has dropped 36 per cent [...]
WAITING FOR OBAMA TO CALL THE TOP March 1, 2010 DAVID MORRISON CFD MARKET STRATEGIST, GFT ON 3 March 2009, US President Obama became a stock market guru when he delivered the following to investors: “What you’re now seeing is profit and earnings ratios starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on [...]
Success in Asia is not a given March 1, 2010 BRITAIN’S largest insurer Prudential has sealed a deal to acquire American International Group’s Asian division (AIA) in a takeover that will place it at the heart of the growing Asian insurance market. The £23bn deal will not only give the Pru AIA’s 20m policy holders, but also unparalleled access to young Asian populations that only [...]
How to manage your wealth in 2010 March 1, 2010 HASSIUM ASSET MANAGEMENT YOGI DEWAN WE have seen a volatile start ot the new year, but whatever is happening in the markets, some things never change. When choosing what to do with your cash, the first thing to remember is always to focus on long-term wealth preservation. Growth comes a definite second. When managing your [...]
London rises as miners and energy companies set pace March 1, 2010 LONDON’S top share index rose one per cent yesterday as big gains from miners and energy stocks, boosted by firmer commodity prices, outpaced faltering banks following disappointing results from HSBC. The FTSE 100 closed 51.42 points higher at 5,405.94 points, having hit a five-week high earlier in the session of 5,420.83. The index has rebounded [...]
Wall St gains after Pru’s deal with AIG March 1, 2010 US STOCKS rose for a second straight day yesterday, boosted by AIG’s record-setting deal to sell a major Asian unit and on gains in semiconductor shares after SanDisk raised its revenue forecast. Hopes for an agreement to resolve nagging uncertainty surrounding debt-laden Greece also encouraged investors. American International Group jumped 4.4 per cent to $25.85 [...]
