Analyst picks for 13 August 2012 August 13, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie-dollar and Aussie-Kiwi dollar, long dollar-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days Shorts were added to my existing Aussie dollar-dollar position, raising the average to $1.0585. The commodity currencies (the Australian, Canadian and New Zealand dollars) appear [...]
A taste of Mother Russia in a Knightsbridge salon August 13, 2012 RESTAURANT MARI VANNA 116 Knightsbridge, SW1X 7PJ el: 020 7225 3122 FOOD ** SERVICE **** ATMOSPHERE **** Cost per person without wine: £55 There are two facts you need to know about Mari Vanna. One: it’s done up like a Russian babushka’s dining room – albeit one with a more than a dollop of Tsarist [...]
Back to the Bronze age August 13, 2012 Whether you’re heading off somewhere nice or staying home, you’ll want to look brown. Here’s our pick of the best fake tans Clarins self tanning instant gel, £17.50 Clarins is a skincare classic and its fake tan is bang up to standard. Its special non-oily gel formula glides on the skin, leaving you with a [...]
Oil hits three-month high above $114 August 13, 2012 Oil rose above $114 (£73) per barrel today to the highest in more than three months as concern about supplies and hopes that governments will roll out more stimulus measures trumped signs of weakening fuel demand. Supply of the North Sea crudes underpinning the Brent crude contract is set to hit a record low. Iranian [...]
Julius Baer to buy Merrill Lynch private bank outside US August 13, 2012 Swiss private bank Julius Baer is to buy Bank of America’s Merrill Lynch private bank outside the US, paying 860m CHF (£563m) to boost its assets under management by 40 per cent and backing the deal with plans to raise 1.19bn CHF in new capital. The acquisition, the latest in a string of purchases for [...]
Growth doubts dull European shares August 13, 2012 Weak Japanese economic data on Monday tempered European investors’ optimism about European Central Bank (ECB) plans to tackle the Eurozone crisis, with stocks down slightly and the euro flat. Japan said its economy grew 0.3 per cent in the three months to June from the first quarter, half as much as expected, as Europe’s debt [...]
Emirates to resume Libya flights August 13, 2012 Dubai’s flagship airline Emirates, the largest carrier based in the Middle East, will resume flights to Libya in October after suspending them for almost 18 months following the outbreak of civil unrest. Emirates will operate four flights a week from Dubai to capital Tripoli starting on 29 October, using an Airbus A330-200, the airline said [...]
Telenet rules itself out of bid for KPN’s BASE August 13, 2012 Belgium’s largest cable operator Telenet said today it does not see itself making any major acquisitions any time soon, effectively ruling itself out of making a bid for KPN’s BASE. Telenet had submitted a non-binding bid for BASE, Belgium’s third-biggest mobile phone company, people familiar with the process told Reuters last week. Other bidders were [...]
Michael Page sees challenging second half August 13, 2012 Recruiter Michael Page International said trading would remain challenging after first-half adjusted pre-tax profit fell 21 per cent to £36.1m. ‘We anticipate a challenging second half as we enter the seasonally quieter summer period in both continental Europe and the UK,’ chief executive Steve Ingram said today. ‘This is set against tough comparables and an [...]
IAG eyes stake in American Airlines August 13, 2012 International Airlines Group (IAG), the parent company of British Airways, may consider taking a stake in American Airlines, in a move that could block any takeover of American by IAG rival Delta. ‘We would consider taking a stake in American Airlines if that is something that American would welcome,’ an IAG spokeswoman said yesterday. Her [...]
