New York Report: S&P notches a third record close in a row July 22, 2013 THE S&P 500 notched a third consecutive record closing high yesterday and other major indexes rose, though disappointing McDonald’s earnings kept the Dow from making significant gains. Banks and health shares were the day’s best performers, with financials advancing for the 10th time in the past 12 sessions. Bank of America led the group, while [...]
This future King will inherit a throne that is integral to our nation’s identity July 22, 2013 THE birth yesterday of the Duke and Duchess of Cambridge’s son, a future heir to the throne, has once again focused the eyes of the world on Britain. It may be a cliché, but it is nevertheless true that the monarchy is almost uniquely capable of making Britain the centre of international attention. When his [...]
Ed Balls’s praise for Obama’s fiscal stimulus ignores the devil in the detail July 22, 2013 SHADOW chancellor Ed Balls yesterday launched a commission with former US treasury secretary Larry Summers on “inclusive prosperity”. The aim – to map out the reforms required to generate more high wage jobs here and in the US – is laudable. But while the conclusions are likely to entail predictable calls for more government spending [...]
The monarchy plays an under-appreciated role in boosting UK business July 22, 2013 TONIGHT business leaders will attend a reception at Buckingham Palace for the Queen’s Awards for Enterprise. While everyone’s attention will be on the Royal baby, which the Centre for Retail Research estimates will boost the economy by £243m, the day-to-day work of the monarchy continues. With the Royal Wedding in 2011, last year’s Diamond Jubilee, [...]
Letters to the editor – 23/07 – Perverse taxation, Best of Twitter July 22, 2013 Perverse taxation [Re: How hidden taxes and levies are pushing up UK house prices, yesterday] What many don’t realise is that the Community Infrastructure Levy (CIL) can also apply to brownfield sites, even though many involve additional clearance costs and most have infrastructure in place already. It can also apply to derelict sites once they have [...]
CNBC Comment: 2014 could see more pain for Eurozone July 22, 2013 IT HAS been impossible to tune out the din from the Fed on tapering, with the exit from QE dominating sentiment. But don’t be fooled into thinking the Eurozone crisis has disappeared. Europe has been on a slow boil, and could burn investors again this year or even worse in 2014 – when the first [...]
Analyst picks July 22, 2013 DailyFX CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long Aussie dollar-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks I maintain my bullish call on Aussie dollar-yen, despite no landslide victory in the Japanese election. But now that fiscal authorities don’t have carte blanche, the impetus to [...]
An SUV with style and substance July 22, 2013 People balked when Porsche released its first luxury SUV – these days its got the best on the market It was a happy coincidence that the weekend I spent with the new Porsche Cayenne S Diesel dovetailed with my cousin’s wedding hoedown on a farm, miles from anywhere, in rural Cornwall. The car was perfect [...]
Not convinced? July 22, 2013 HERE ARE THE ALTERNATIVES Audi SQ5 £44,055 Audi’s SQ5 is one of the best of the fast luxury SUVs. Strictly speaking it’s in a different segment to the Cayenne S Diesel, though it does have similar performance. In fact, the SQ5 is officially the world’s fastest diesel SUV. Powered by a 3.0-litre V6 bi-turbo engine, [...]
Froome won’t rest on laurels as Brit targets further Tours July 22, 2013 TOUR de France champion Chris Froome insists winning cycling’s most famous race has only heightened his appetite for claiming the title multiple times. Froome, who sealed his first yellow jersey in Paris on Sunday evening, is also targeting a historic victory at this year’s World Championship road race. But the Kenya-born Briton has played down [...]
