Progress on debt crisis lifts stocks September 27, 2011 US stocks rose for a third day yesterday on efforts by Eurozone officials to solidify the region’s rescue fund and alleviate a sovereign debt crisis, boosting optimism. But equities ended off their highs for the day after a report suggested cracks were emerging in a previously agreed deal to tackle the crisis. A successful solution [...]
EC proposals to reform the audit market are seriously flawed, says PWC chairman September 27, 2011 LEAKED European Commission proposals for regulatory changes to the audit market hit the front page yesterday. They represent a significant market intervention and while they have not changed substantially from a Green Paper published last year, if implemented they would risk undermining quality and confidence in the audit market. Of course, this is an important [...]
Miliband shows why Labour are not fit for office September 27, 2011 ED MILIBAND has just demonstrated why he is unfit to lead this country. Yesterday, he delivered a speech which showed he doesn’t really understand business, and probably doesn’t even believe in capitalism. It was an oration full of vague phrases and void of specifics, but the sentiment was clear. He is suspicious of big business, [...]
Ministerial favouritism isn’t business-friendly September 27, 2011 VINCE Cable’s Department for Business announced a plan last week to give the UK’s 50 largest firms ministerial “business buddies”. For example, Nissan will make friends with enterprise minister Mark Prisk, Vodafone will get chummy with culture secretary Jeremy Hunt and British Gas will have Cable himself as a ministerial pal. What will government ministers [...]
RAPID RESPONSES September 27, 2011 Kudrin can return Russian finance minister Alexei Kudrin being sacked by President Dimitry Medvedev is not nearly as humiliating as President Medvedev being sacked by his Prime Minister, Vladimir Putin. The Kudrin dismissal is a short-term disaster for Russia. That the country did not collapse during the global financial crisis was almost entirely due to [...]
Building the Olympic family: Adecco has its whole team at work on 2012 September 27, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 303 DAYS TO GO Steve Girdler lays out the business case for becoming the official recruiter for London’s organising committee Q.WHAT WAS YOUR BRAND’S PRIMARY REASON FOR BEING INVOLVED WITH THE GAMES? A.We’ve been involved in a number of Games in the past. In this one we’ve taken [...]
Strong dollar should be seen as a warning September 27, 2011 THOUGH yesterday saw a broad market rally, it was a tiny chink of light in an otherwise dark tunnel for the economy. The ongoing Eurozone debt crisis and the seeming inability of anybody involved to take hold of the situation with a credible plan for managing the fallout of an inevitable Greek default has driven [...]
POUND COULD SUFFER FROM EU FALLOUT September 27, 2011 RECENTLY the focus in the FX market has been squarely upon the euro, while trading in cable has been uncharacteristically quiet. While the euro has tumbled as European officials desperately try to contain the growing credit crisis in the region, sterling has remained relatively steady. Amazingly enough the pound has become a safe haven play, [...]
THE TIPSTER September 27, 2011 ONE of the FX pairs hit the hardest from dollar strength and the commodities sell-off over the past week has been the Australian dollar-dollar pair. The Aussie tumbled over 6.5 per cent to lows of $0.9623 last week, but since then has recovered steadily as the US dollar rally takes a breather. It may struggle [...]
FOREX ANALYST PICKS September 27, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar $1.3400 and sterling-dollar below $1.5300 Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week This past week the markets delivered a major shock to risk trends. The opportunities this development produced were substantial. In this move, my Aussie-yen and Loonie-yen [...]
