Domestic demand adds to South Korea’s roar July 28, 2010 FROM shipbuilding and car manufacturing to world-class information technology and high-tech white goods, South Korea has gone from strength to strength since the 1960s. In the 1990s, South Korean multinational firms made a deliberate shift towards more high-technology goods and it is now home to well known household names such as Samsung, Hyundai, Daewoo and [...]
Investors need to hedge their equities risk July 28, 2010 SAVVY investors should be moving into any asset class except equities – that’s at least according to Saltus Partners’ Jon Macintosh. Macintosh says that advanced economies’ stock markets are in for a period of downward or sideways movement, potentially for the next decade or more. He claims there’s only one scenario in which investors should [...]
LISTED PRODUCT NEWS July 28, 2010 EUROPEAN ETFS ENJOY NET INFLOWS Data provided by iShares, the ETF provider, found that there were more than $226m of net inflows to European sector ETFs that track the Eurostoxx 600 last week. The largest flows went to industrial goods and services, which had $103m of inflows. Utilities experienced the second largest flows of $50m. [...]
THE TIPSTER July 28, 2010 AFTER an impressive run from 755p at the beginning of the month Antofagasta has managed to just pop above the 1,000p level but it looks like it might have just run out of steam leaving it unable to break the earlier high of the year, of 1,088p. Worldspreads’ current price for Antofagasta is 988p-991p. Despite [...]
Graduates with chutzpah can find jobs July 28, 2010 IT’S tough out there for graduates. A survey by the Association of Graduate Recruiters found that for every job there are 68.8 applicants, with the number going up to 205 for jobs in food, confectionary and cosmetics. Aldi, the supermarket chain, received 12,000 applications for 50 places on its management scheme. Seventy-eight per cent of [...]
HOW TO MAKE THE RIGHT IMPRESSION July 28, 2010 IMAGE IS EVERYTHING Look conservative with a small c – think West Wing, not Sex and the City. Make sure that you accessorise carefully and avoid any novelty fashion. If in any doubt, aim for a smarter look than you think is needed – it’s better to be safe than sorry. ACT CONFIDENT EVEN IF [...]
What now? Prepare for the next crisis July 28, 2010 PREDICTING the future can be a notoriously tricky business. If people declare with certainty that things will happen, they often don’t. While things that no one saw coming have a horrible habit of actually happening. The Asian financial crisis in 1997 came as everyone was talking about an “Asian economic miracle”, while the most recent [...]
A sorry tale for our times July 28, 2010 THE TERRIBLE PRIVACY OF MAXWELL SIM BY JONATHAN COE Viking, £18.99 by Zoe Strimpel JONATHAN COE represents the pinnacle of British picaresque – his iconic novel about 80s Britain, What a Carve Up, hilariously and tragically skewered the stereotypes of the time while developing a narrator who is impossible not to care for even as [...]
VEXED IN THE CITY July 28, 2010 While the boss is away, can the employees go off and play? DEAR VEXED: As usual, the office largely clears out over August. Of particular interest is the fact that my boss is going to be away in Greece for three weeks. But I’ve already taken my year’s holiday and I’ll be here. Here’s the [...]
OUT OF OFFICE July 28, 2010 TOM AIKENS SERVES UP CLOUDY BAY If you’d happened by Parsons Green at the weekend you’d have seen celebrity chef Tom Aikens cooking takeaway dishes in an ad-hoc shack erected by wine producer Cloudy Bay. The dishes, designed to go with Cloudy Bay wines and including spicy crab cakes and deep-fried paprika, are now available [...]
