Qatar lowers interest rate August 15, 2010 Qatar cut its overnight deposit rate by 50 basis points to 1.5 per cent, the first reduction in over two years, the central bank said yesterday. “Lowering the interest rate in Qatar was in line with the global and regional situation,” the bank said. Continued deflation in recent months and July’s rating upgrade by Standard [...]
Japan’s growth to slow down August 15, 2010 Economic data out today in Japan is expected to show that the pace of the country’s growth eased in the second quarter of the year, as a stronger yen weighed on exports. Japanese exports buoyed the economy by 1.2 per cent in the first quarter, though the latest figures for June showed that the growth [...]
Spain hints at future tax hike August 15, 2010 Jose Blanco, Spain’s infrastructure minister, yesterday hinted at future tax rises in the country if continued investment in public works is to be secured. “[Spain] has a very low tax base compared to the average for European countries,” Blanco said. “The question citizens must always ask themselves is if we want first-class public services or [...]
The energy chief who has £22bn to spend over the next five years August 15, 2010 NATIONAL Grid’s surprise £3.2bn rights issue, which successfully closed in June, still touches a raw nerve with chief executive Steve Holliday. Large investors said he had spent the previous 18 months telling them the firm did not need to come to them for cash. And then in May, alongside its results, it announced the largest [...]
CITY GIRLS GET A TASTE OF FIGHT CLUB SCENE August 15, 2010 REPORTS may still be rife over sexual discrimination in the City, but we ladies certainly aren’t ones to take such inequalities lying down. The Capitalist has long been intrigued by the growing popularity of white collar boxing among stressed financial workers in the Square Mile – and now, it appears the sport is catching on [...]
BILL OF THE WEEK August 15, 2010 WEST London gastro pub Paradise By Way of Kensal Green is clearly onto a winner with its new ruse – a private karaoke room for well-oiled customers to sing their hearts out. This group ended up hogging the room for the whole night, paying a hefty £600 for the privilege. They fortified themselves for the [...]
Tour operators may see their bad luck end August 15, 2010 FIRST there is a global recession and rising unemployment to put people off booking a holiday, then, just when it looks like the economy has turned a corner, a giant volcanic ash cloud drifts from Iceland and disrupts flights for more than two weeks. UK tour operators have had a dismal 2010 and the extent [...]
Dax fortunes depend on the East August 15, 2010 WITH data for German GDP growth of 2.2 per cent smashing expectations of 0.6 per cent on Friday, traders are wondering whether any of this second quarter growth spurt can be retained – and what it means for equities indices. Despite this good news, the Dax actually fell from over 6,160 to under 6,080 after [...]
THE TIPSTER August 15, 2010 SATELLITE broadband provider Avanti has positioned itself well for growth this year. It launched a new satellite last quarter that covers Europe and it is planning to launch a second in 2012, which will be able to cover middle eastern markets and parts of Africa. Spreadex offers Avanti on a rolling contract of 498.7p-507.8p. Low [...]
TECHNICAL ANALYSIS GURU August 15, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, what are market phases and how do I recognise them? A. As you might remember, we have discussed how traders can be on the “right side of the market”. If we could trade by being correct all the time, then life would be so much easier. However, trying [...]
