Captain Terry will stay at Chelsea, says boss Ancelotti July 21, 2009 CHELSEA boss Carlo Ancelotti has ruled out the possibility of John Terry leaving Stamford Bridge to join Manchester City and expects the on-going transfer saga to come to an end within the next week. The England captain is the No1 target of big-spending City, who want Terry to beef up their defence after investing heavily [...]
The FSA’s enforcement Queen says she will not stop fighting big cases July 21, 2009 IT is never easy to focus on the task at hand when the future of your organisation is in doubt – so even the Financial Services Authority’s (FSA) sternest critics should spare a thought for the beleaguered watchdog’s staff, who are all wondering what will happen to them over the next 12 months. But many [...]
Falling for a Romeo July 21, 2009 HAVE YOU ever seen anything so beautiful you could cry? For me, it’s this object before me, Alfa’s drop-dead gorgeous 8C Spider. So here I am, at Balocco circuit, Alfa Romeo’s private test facility between Milan and Turin. It’s 35 degrees. Test tracks, no matter where they are in the world, are not known for [...]
MAKE SURE YOUR WILL IS SHIP SHAPE July 21, 2009 WYNNE THOMASSENIOR PARTNER AND A PRIVATE CLIENT PARTNER AT DAWSONS LLP THE death of Michael Jackson has, predictably, turned into something of a circus, with doctors, hangers-on and family members all keen to get across their side of the story. What has added to the interest and drama in this sad case is the fact [...]
The champagne days are over as firms cut costs July 21, 2009 ONE OF THE less visible casualties of the credit crunch has been the corporate and press hospitality industry. Legal journalists wistfully recall the days, now gone, in which they were magically whisked away by a fleet of chauffeur-driven cars to take first class transatlantic flights to check out Linklaters’ New York office or when they [...]
Adjust your tactics to the time horizon July 21, 2009 MARKET volatility during the financial crisis meant that traders shortened their time horizons and looked only to trade in the very near-term. Massive swings in the markets, currencies included, meant that it was impossible for investors to make long-term trading decisions and hedge them appropriately. But with conditions calming considerably to pre-Lehman levels, medium and [...]
CHINA’S GDP THREATENED BY US SAVERS July 21, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT LAST week China released its GDP figures for the second quarter of 2009. While it missed the vaunted 8 per cent target, the country’s economy did expand at an impressive rate of 7.9 per cent. Compared with the miserable results from the G3 universe (US GDP -2 per cent, [...]
Correlations prove a useful guide in trading the FX market July 21, 2009 MIXED macroeconomic data over recent weeks has seen investors’ risk appetite rise and fall on an almost daily basis, making it difficult for foreign exchange traders to take anything other than a very near-term view on a currency pair. If you’re not a short-term trader looking to jump in and out of the market, then [...]
CITY EYE July 20, 2009 Who said the City has lost its sense of humour?This eye-catching advert was spotted outside Green Door steakhouse on Cornhill, opposite the Royal Exchange.
City’s most successful accountant still has plenty of fire in his belly July 20, 2009 IT IS EASY to tell when you are nearing , Deloitte boss John Connolly’s office because an awful lot of people you bump into in the firm’s corridors begin to ask about his welfare. “Is John in?” asks one, a tad nervously. “What mood is he in today?” asks another. There is a feeling of [...]
