How to preserve capital, keep your risks low and hold onto your wealth November 30, 2011 IT IS one of the many paradoxes of life that we tend to save more when times are bad, and less when times are good. The reasoning is simple; when times are good, it does not seem so important to save money, as we feel confident about the future. In the same way, when times [...]
Art investing: Looking at the bigger picture November 30, 2011 PICKING winners in art, as with any investment, isn’t easy – but holding it is a shade more pleasurable than owning shares. Chancellor George Osborne’s announcement in his Autumn Statement that gifts of pre-eminent art to the nation will increase from £20m to £30m in lieu of inheritance tax is an attempt to stimulate gifts [...]
Trying to pour liquidity into a frozen market November 30, 2011 YESTERDAY’S coordinated central bank move flipped the FX markets onto their head, with increased dollar liquidity triggering a sell-off of the greenback, with the euro and the Aussie and Kiwi dollars coming out on top. The announcement came hot on the heals of the news that the People’s Bank of China, the country’s central bank, [...]
The euro is being held up despite the crisis November 30, 2011 AFTER months of deepening crisis across the Eurozone, you’d be forgiven for thinking that the euro may have collapsed against other currencies. Indeed, by many forecasts the euro should have collapsed. However, despite continued uncertainty, spiralling yields and political fumbling, the euro has remained stubbornly resilient.weak dollar over euro strength The Federal Reserve has been [...]
Know your Fire from your Vox with our guide to the ultimate e-readers November 30, 2011 People said e-books would never catch on. For some reason, this was quite often backed up by the argument that e-readers don’t smell like real books. But – and this is no slight on the aroma of the works of Mark Twain – these people were wrong. Retailers are rubbing their hands at the prospect [...]
China cuts capital requirements November 30, 2011 China’s central bank has cut the reserve requirement ratio for its commercial lenders for the first time in nearly three years to ease credit strains and shore up an economy running at its weakest pace since 2009. The move comes amid increasing concern among policymakers worldwide that the global economy is on a slippery slope [...]
Banks hit by S&P downgrade November 30, 2011 The FTSE was dragged down this morning as Standard and Poor’s downgraded 15 banks including Barclays and HSBC while miners were hit by lower copper prices. The S&P cut, on banks mostly in Europe and the United States, hit the sector which has already taken a battering from the Eurozone debt crisis. Meanwhile Eurozone ministers [...]
Glencore pulls out of $475m Peru mine deal November 30, 2011 Commodity trader and miner Glencore has pulled out of its planned $475m (£305m) acquisition of the owner of Peru’s Mina Justa copper project, citing the seller’s failure to satisfy necessary conditions. Glencore, the world’s largest diversified commodity trader, had announced in July it planned to buy a 70 per cent interest in Marcobre – owner [...]
Eurozone inflation remains at 3pc November 30, 2011 Inflation in the 17-nation euro area remained at three per cent for the third consecutive month in November, according to a first estimate, suggesting the European Central Bank may have to consider delaying a further interest rate cut. The European Union’s statistics office Eurostat said in a statement that consumer prices rose by three per [...]
Rolls-Royce wins $650m Brazil contracts November 30, 2011 British engineering group Rolls-Royce has been awarded contracts worth up to $650m (£418m) by Brazil’s state oil company Petrobras to support its production activities offshore Brazil. Rolls, which has businesses in the aerospace, defence, marine, energy and nuclear sectors, on Wednesday said it would supply Petrobras with 32 gas turbine power generation packages, including waste-heat [...]
