Thailand and China try to stem inflows October 11, 2010 ASIAN authorities anxious about currency appreciation moved to stem foreign capital inflows yesterday while a European official stepped up rhetoric about a strong euro after IMF meetings failed to defuse tensions about exchange rates. China temporarily raised reserve requirements for six large commercial banks, a surprise move aimed at draining cash from the economy. Thailand, [...]
UK media group may sell Peppa Pig to Nickelodeon October 11, 2010 SHARES in Entertainment One soared yesterday, fuelled by speculation of a deal to screen the hit children’s TV show Peppa Pig on Nickelodeon in the US. Its shares closed up eight per cent at 85.5p, a year high, as investors hoped the firm could replicate Peppa’s smash-hit success in the UK. Chief executive Darren Throop [...]
Strike threat recedes as BA nears union deal October 11, 2010 BRITISH Airways and the union representing its cabin crew are moving closer to a peace deal, with a branch of the union claiming a deal could be reached as early as this week. “We did have talks with BA and conciliation service Acas last Friday, we did make some progress and we hope to reconvene [...]
CBI’s Lambert lashes out at bank bashers October 11, 2010 RICHARD Lambert yesterday used his last speech on banking as CBI director-general to launch a scathing attack on the UK’s culture of political bank-bashing. Lambert, who is due to step down from his position next year, said politicians were “making matters worse” with unrelenting and vicious attacks on the banks, compounding the problem of lack [...]
A SECOND QE WILL COST THE FED DEAR October 11, 2010 CFD MARKET STRATEGIST, GFT The next Federal Open Market Committee (FOMC) meeting is a month away. Judging from the dollar, investors expect further stimulus from the US Federal Reserve. Equities began their current rally following the Fed Chairman’s speech at the end of August. Then, Ben Bernanke stated that the FOMC was ready to step [...]
City sceptical on the prospect of rival offers for PotashCorp October 11, 2010 ANALYSTS yesterday poured scorn on talk of rival white knight offers waiting in the wings to scupper BHP Billiton’s $39bn (£24.5bn) bid for Canadian fertiliser giant PotashCorp. Reports over the weekend suggested both the Ontario Teachers Pension Fund and Chinese state-owned chemicals group Sinochem had already approached Temasek with a view to trying to find [...]
Microsoft unveils 10 new phones as it bids to usurp Apple and RIM October 11, 2010 MICROSOFT has unveiled 10 new Windows Phone 7 powered mobiles as it attempts to catch up with rivals Apple, Google and RIM. Microsoft will supply software to five new HTC phones, two Samsung, two LG and one Dell. The devices will be available with 60 operators in 30 countries. They will hit Europe immediately and [...]
Universities in fees shake-up October 11, 2010 THE long-awaited report from Lord Browne into university tuition fees and student finances will recommend a series of proposals, which aim to ensure those from low income households will still be able to access higher education that is “free at the point of entry”. City A.M. understands the report, which is published today, will include [...]
Schools becoming academies at rate of one a day, says Gove October 11, 2010 STATE schools are converting to academies at a rate of one a day, education secretary Michael Gove said yesterday, as the government’s plan to free headteachers from local government control gathers pace. In total, 121 academies have opened since the election, bringing the total number to 324. A further 90 schools will get academy status [...]
Barking up the wrong tree: a spotty record for Dow’s dogs October 11, 2010 THERE is no such thing as the Holy Grail of investing or trading; there is no strategy that guarantees you an endless stream of profits. But if you are looking for an approach which doesn’t require you to be a mathematical or technical genius, then there are some medium-term strategies that have enjoyed some degree [...]
