China’s banks weigh heavily on Wall St July 29, 2009 US STOCKS fell yesterday as investors worried that China’s banks could hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery. Concerns about China hurt commodity prices and hit shares in the energy and raw materials sectors, while a steep drop in US durable goods orders in [...]
FTSE 100 hangs in there as investors regain confidence July 29, 2009 THE FTSE 100 rose yesterday as gains from financial stocks, boosted by strong numbers from the UK arm of Spain’s Banco Santander, and positive broker comment, outweighed a weak mining sector. The index closed 18.69 points, or 0.4 per cent, higher at 4,547.53, after ending 1.3 per cent lower on Tuesday when it failed to [...]
Weather could have biggest say in the pivotal third Test July 29, 2009 ENGLAND vs AUSTRALIATODAY 11AM – SKY SPORTS 1 AFTER a thrilling Test in the capital the series is Birmingham-bound, returning to the scene of perhaps the most memorable Ashes encounter of all time. Unfortunately the key protagonists from Edgbaston 2005 – as captured in one of the most iconic sporting images ever – look unlikely [...]
The subtle art of effective networking July 29, 2009 SINCE the Eighties heyday of power lunches and bulging Filofaxes, networking – the mysterious art of forming relationships with strangers for somewhat mercenary purposes – has been central to City life. To some it’s a necessary evil, to others it’s exciting – but in a recession-affected job market, it can be the difference between progressing [...]
No more BEER FEAR July 29, 2009 I’M sucking a cocktail of coconut and banana beer through two straws, grasping the coconut shell in which it is served with glee. This tastes like a combination of Malibu, suntan lotion and fizz – I feel I’m not meant to like it, but I do. “See, beer is fun!” bellows the buxom Melissa Cole, [...]
How to find love? Try giving up sex July 29, 2009 CHASTENEDBY HEPHZIBAH ANDERSONChatto & Windus, £12.99 I FEEL a little bad for Hephzibah Anderson. She’s gone ahead and voiced the doleful narrative of a many a well-heeled, well-educated 20 and 30-something urban woman – albeit in a kind of dreamily wannabe-poetic style – and has evoked the ire of countless woman critics. I am not [...]
OVERBOUGHT EURO HAS CAP TO ITS UPSIDE July 28, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT ON Friday, the US Commodity Futures Trading Commission (CFTC) released their weekly commitment of traders (COT) report for currency futures. Since the spot currency market is decentralised, there are no reports about positioning data. Therefore, the COT report is the only publicly available piece of data that provides information [...]
HMV boss leading ITV CEO race July 28, 2009 SIMON Fox, the boss of music retailer HMV, is leading the race to take over from Michael Grade as chief executive of troubled broadcaster ITV. Fox, who is credited with turning HMV around since taking over in September 2006, has emerged as ITV’s top choice after it held final interviews for the role last week. [...]
UKFI IN TURMOIL AS CHIEF QUITS July 28, 2009 UK FINANCIAL Investments (UKFI) announced the appointment of Sir David Cooksey as chairman yesterday but saw its grand unveiling overshadowed by the shock departure of chief executive John Kingman, who is stepping down to pursue a career in the private sector. Kingman’s decision to leave UKFI less than a year after it was created to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 28, 2009 FINANCIAL TIMES FINES CALL FOR AIRBUS AND EADS EXECUTIVESSeven current and former executives of Airbus and its parent company EADS, including Noel Forgeard, former EADS co-chief executive, should be fined for alleged insider share dealing offences according to a provisional report prepared for the French financial markets regulator. The 381-page report has recommended a total [...]
