Gain exposure to the yuan and the rupee June 16, 2010 THE high-profile battle between Washington and Beijing over China’s stubborn policy of pegging its currency to the US dollar has piqued retail traders’ interest in Asian currencies, and the Chinese yuan in particular. While investors have been able to trade currencies such as the yuan and the Indian rupee through offshore non-deliverable forward (NDF) contracts, [...]
Westwood: I will learn from my old mistakes June 16, 2010 LEE WESTWOOD has vowed to learn from previous experiences in a bid to land a first Major at Pebble Beach this weekend. The world No3 has finished in the top three in each of the last three Major tournaments, but missed good opportunities to break his duck, notably at The Open last year and the [...]
THE TIPSTER June 16, 2010 COMPUTER games and consoles firm Game Group will update the market today and investors will be looking for news on a successor to Lisa Morgan, who left her position as chief executive in April. The firm’s share price has suffered since December following repeated profit warnings. Today’s statement could mark an end to the poor [...]
Hosts hammered by fired-up Forlan June 16, 2010 SOUTH AFRICA (0) vs URUGUAY (3) FORMER Manchester United forward Diego Forlan struck twice as Uruguay pushed hosts South Africa to the brink of elimination at the first hurdle. Man-of-the-match Forlan netted in each half and Alvaro Pereira headed a late third as the slick South Americans overpowered a toothless, 10-man Bafana Bafana to go [...]
LISTED PRODUCT NEWS June 16, 2010 MAY RECORD ETF MONTH FOR BARCLAYS As the stock markets plummeted in May, ETF trading volumes picked up sharply, according to figures from Barclays Stockbrokers. Monthly trading volumes were at their highest on record – up 44 per cent on the previous month and up 52 per cent on May 2009. Barclays Stockbrokers said that [...]
FTSE 100 hits a one-month high boosted by strong performance of energy shares June 16, 2010 BRITAIN’S top shares extended their winning streak to a sixth straight day yesterday to a one-month closing high, driven higher by energy stocks. The FTSE 100 ended the day up 20.10 points, or 0.4 per cent, at 5,237.92, its highest closing level since May 18, notching up its longest winning run since September, having risen [...]
Dream debut for Guyon as Byword is toast of Ascot June 16, 2010 ROOKIE jockey Maxime Guyon capped a dream British debut by leading Byword to victory in the Prince of Wales’s Stakes at Royal Ascot. The 5-2 favourite, trained in France by Andre Fabre, proved just too good for Henry Cecil’s Twice Over as owner Khalid Abdullah celebrated a one-two in the Group One contest. Byword came [...]
Wall Street ends flat as mixed data causes caution June 16, 2010 US stocks finished flat yesterday as cautious comments from FedEx and weak housing market data overshadowed a surge in industrial production. Investors were caught off guard after package company FedEx, deemed an economic bellwether because it serves a wide range of industries, said higher costs would constrain 2011 earnings. FedEx shares slid six per cent [...]
Accountants are vital for boosting economies right across the world June 16, 2010 IT’S clear we are living in unprecedented economic times. Indicators from various sources – including the latest quarterly survey of ACCA members, the largest of its kind in the world – suggest “cautious optimism”, and no more, is appropriate. In 2010, the financial services sector continues to dominate all levels of debate, from its willingness [...]
FOOTBALL TRADER June 16, 2010 AFTER a rather bumpy build-up, Raymond Domenech’s France must feel like the world and his dog is against them. They did themselves no favours in their first night bore-fest against Uruguay however and, with things level in Group A after the first round of games, few would be shocked to see Les Bleus return home [...]
