Treat your career as a professional journey September 12, 2012 AS GRADUATE entrants prepare for their first weeks in the City, some might wonder whether they’ve signed up for a job or a profession. We assume that law and medicine are professions – life-long career choices with strict knowledge requirements, and professional bodies sitting in judgement over the actions of their members. Wrongly, we don’t [...]
The CFA in brief September 12, 2012 ■ The chartered financial analyst (CFA) charter is provided by the CFA Institute, a global association of investment professionals. ■ In 2012, the Institute reported that there were 100,925 CFA charterholders globally. ■ The CFA programme is the Institute’s graduate-level course of study. It must be completed before an investment professional can earn the CFA [...]
The CFA is forging a rapid path into Asia September 12, 2012 ASIA is rising. Even as economists downgrade Chinese growth prospects, emerging markets (and developed economies) in Asia-Pacific are still racing ahead in the development of their human capital. India and China are famously churning out MBA graduates in record numbers – and increasingly using their own business schools to do so. But in other areas [...]
The CFA’s global reach September 12, 2012 ■ There are 137 CFA societies in 59 countries. ■ Over the past three years, enrollment in the CFA programme was up 21 per cent in Asia-Pacific, dwarfing 6 per cent growth in Europe and a 1 per cent rise in the Americas. ■ Since 2007, the number of CFA charterholders in China has more [...]
FTSE treads water but miners drop after ominous statistics from China September 11, 2012 BRITAIN’S top share index pared early losses to end flat yesterday, with uncertainty regarding the outcome of a German court ruling on the Eurozone’s bailout fund and the US Federal Reserve’s likely stimulus plans prompting investors to avoid strong bets. However, analysts said sentiment was improving following some positive steps taken by policymakers in Europe [...]
Dow Jones hits five-year high in light trading September 11, 2012 THE DOW Jones Industrial Average closed at the highest level in nearly five years yesterday in a lightly traded session before key decisions in Germany and the United States that could give markets a further boost. Energy, industrial and financial firms led the advance. Contributing to gains by the Dow, shares of IBM rose 1.15 [...]
FTSE dwindles as defensive stocks drop ahead of Fed and euro news September 10, 2012 BRITISH blue chip shares dipped yesterday as weakness in defensive stocks outweighed strength in risk-sensitive cyclicals, such as miners, and investors positioned for more newsflow out of Europe and the United States. The FTSE 100 closed down 1.60 points, or 0.03 per cent, at 5,793.20, with the index yo-yoing in a tight range around the [...]
Markets dip on Wall Street as tech stock falls September 10, 2012 WALL Street stocks fell yesterday as investors locked in gains on a recent rally ahead of possible policy action from the Federal Reserve later this week, while weakness in Intel shares weighed on the Nasdaq. The benchmark S&P 500 index closed at highs last week not seen in nearly five years, motivating some investors to [...]
Stakes raised ahead of crunch day for Europe September 10, 2012 THE Eurozone waits with bated breath as its fate is, once again, in the hands of its divided politicians. After Mario Draghi, European Central Bank (ECB) president, last week announced Outright Monetary Transactions (or OMT) – another acronym to add to the burgeoning Eurozone lexicon – traders were elated, sending shares in European stocks to [...]
US data points to a burst of QE from Ben Bernanke September 10, 2012 FX360 GLOBAL equities rallied sharply last week, with most of the gains coming after the European Central Bank (ECB) president, Mario Draghi, spoke on Thursday. There was nothing in Draghi’s statement that had not been telegraphed to the markets in advance. Nevertheless, investors piled into “risk assets” as the ECB president backed-up his earlier promise [...]
