OUT OF OFFICE October 13, 2010 DATING COMEDY NERVE’S LONDON PREMIERE Nerve, a comedy about love and dating, has already earned plaudits in New York. In London it will hit a nerve, too, with the story of an online dating rookie whose date has had far too much experience. Together they explore their fears and expectations, their past and their vulnerabilities. [...]
The grisly taste of her screams October 13, 2010 SCREAM BY NIGEL MCCRERY Quercus, £20 A more gruesome beginning to a book you couldn’t ask for. A woman is bound, with her kneecaps exposed, as a ruthless killer tells her how he’s going to carve through her knee bones, one after the other, before moving onto other parts. Her screams are immense but pointless. [...]
The art world heats up once more October 13, 2010 AS an army of glamorous art industry movers and shakers traipsed into Frieze Art Fair’s marquee yesterday, a young woman was standing outside distributing paper leaflets for an upcoming exhibition. Not that surprising perhaps – some galleries need all the help they can get publicising themselves – except that the gallery in question was the [...]
FTSE down as mining shares fall October 12, 2010 Britain’s leading share index edged lower yesterday with weakness in commodity issues countering strength in defensive issues as investors’ risk appetite faded. At the close, the FTSE 100 index was down 10.81points, or 0.2 per cent, at 5,661.59, having earlier touched its lowest level in a week below the 5,600 level. Miners Xstrata, Kazakhmys, and [...]
US stocks leap after Fed minutes October 12, 2010 US stocks hit fresh five-month highs yesterday as details from the Federal Reserve’s latest meeting showed the US central bank may once again flood markets with cheap cash “before long” to further boost growth. The minutes from the Fed’s 21 September meeting served as another strong signal for a stock market that has surged for [...]
From Japan to Oman: the life of Mark Mobius October 12, 2010 EMERGING markets may be the most popular investment flavour of the past decade but Franklin Templeton’s charismatic and distinctive guru Mark Mobius can safely lay claim to having been one of the first to spot the opportunities these countries offered. Countries like Hong Kong and Japan were deemed emerging markets when Mobius started looking at [...]
FUND MANAGEMENT NEWS October 12, 2010 HEARTHSTONE TO LAUNCH PROPERTY FUND Hearthstone Investments yesterday announced that it would launch a residential property fund in the first quarter of 2011 and has hired David Gibbins as fund manager. The fund will be ungeared and it will seek to track the performance of the UK residential property market as well as provide a [...]
Looming currency war threatens world trade October 12, 2010 AFTER the crash in 1929, nations retreated inside protectionist walls. In 2009, they managed to refrain from the same action – but they may yet succumb to another ’30s blight on world trade: currency wars. A currency war consists of states pursuing competitive devaluations in an attempt to increase the attractiveness of one’s exports. But [...]
DOLLAR DROP COULD WELL BE OVERDONE October 12, 2010 OVER the past month euro-dollar has been in a near-vertical uptrend, rising more than 1,000 points in just 22 trading days. But now that the pair has reached the psychologically important 1.4000 level, it may be due for a pause as positioning becomes grossly overstretched. The reasons for dollar weakness are well known. The Fed’s [...]
Asia may rise but be careful of the dragon October 12, 2010 The Thai government attempted to pull on the reins of its rapidly appreciating currency yesterday. This should be a warning sign for traders putting their cash into emerging market currencies. Capital controls are one of the few weapons available to governments who need to keep their currency weak to compete with China in the export [...]
