Eurobonds are an economic risk and a political dream May 21, 2012 THE idea of Eurozone countries pooling their sovereign debt in the form of Eurobonds re-emerges every time the euro crisis suffers another turn for the worse. Curiously, the idea’s chief proponent seems to be the UK government, which has made several interventions, stressing the need for the Eurozone to move to “fiscal burden-sharing”. This puts [...]
Does the Chelsea Flower Show represent a uniquely British forum for doing business? May 21, 2012 YES Nick Byrne The Chelsea Flower Show is one of those uniquely English events that people either admire or are puzzled by. Certainly, compared to the way business can be conducted in China, there are differences. China has a long tradition of hospitality, which has been translated into a more Western concept of corporate hospitality. [...]
RAPID RESPONSES May 21, 2012 Pernicious taxes [Re: Britain must embrace 30 per cent tax revolution to boost growth, yesterday] I agree with the Tax Commission’s findings on inheritance tax. Inheritance tax is a tax on capital, on money that has already been fully taxed as income or otherwise. It’s pernicious and destroys the UK’s capital stock to pay for current [...]
Going back to school to boost trading grades May 21, 2012 FOR those who wish to get a more robust foundation to their trading, there is no lack of offerings out there, no matter your experience. But where to start? Do you want the freedom of being able to study online or would you rather be face to face and gain hands-on trading experience. How much [...]
CHINA MAY NOT SAVE THE WORLD AGAIN AS MACRO DATA CONTINUES TO FADE May 21, 2012 SUNDAY night, as currency markets were preparing for yet another desultory opening of the week’s trade, marked by yet more stress in the Eurozone and a seemingly perfunctory statement from the G8 which was long on platitudes and short on any concrete policy measures, risk currencies did something unexpected – they rallied. Despite the gloom [...]
THE TIPSTER | ASOS hoping for a change of look May 21, 2012 ASOS took something of a beating when it released its trading statement last month, dropping 17 per cent. The hitherto-relentless growth in sales was revealed to have slowed somewhat, even though international sales continued to show excellent growth. ASOS has become a slave to its own excellent performance, and it will need a strong showing [...]
Markets defriend Facebook again May 21, 2012 AT the depths of its slump, Facebook yesterday fell by as much as 20 per cent from the highest print since Friday’s IPO. And it was not just Facebook that took a hit. Having first set their sights on the social network, markets then turned their ire on the rest of the publicly-listed Internet 2.0 [...]
Analyst picks for 21 May 2012 May 21, 2012 CURRENCY STRATEGIST JOEL KRUGER My pick: Looking to buy dollar-yen Expertise: Technical analysis Average time frame of trades: 1 day to 1 week This is a market in the process of carving a significant longer-term bottom, after posting record lows in 2011 by ¥75.50. As such, the latest pullback from yearly highs by ¥84.20 is [...]
Two days to go: Buy your tickets to City A.M.’s trading conference May 21, 2012 Q What is your trading background? A I studied economics and maths at university, and then worked in the research department of Australia’s Central Bank. I moved into investment banking, initially running a derivatives desk. I learned about macro-trading and headed a proprietary trading operation. In the mid-1990s, I ran a hedge fund in Bermuda [...]
The global boom in commodities is a long term story May 21, 2012 But there will be plenty of risks and challenges along the way INVESTING in natural resources offers the potential for high returns for investors, but risks are ever present. Both the demand and supply sides need to be assessed. What are the main challenges for resource companies at this moment and how best should the [...]
