THE TIPSTER August 16, 2011 EURO-STERLING rallied hard last week on the back of the UK riots, but ran into a blockade of its own as it approached strong moving average and Fibonacci resistance in the £0.8820-40 area. There also appears to be good support in the £0.8650 area so playing the edges of this range for now, with a [...]
FOREX ANALYST PICKS August 16, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Long dollar-yen and sterling-Swissie; short Aussie-kiwi Expertise: Fundamental/technical analysis with risk management Average time frame of trades: One day to one week Risk aversion was strong in the past few weeks, although euro-dollar didn’t participate, given the shared troubles of both economies. Conditions have settled in the past few [...]
Eco-warrior pipe dream gets real August 16, 2011 LEONARDO DiCaprio has one. In fact, diCaprio has the first production Fisker Karma plug-in hybrid sports car ever built. And he paid for it. That one of the world’s biggest film stars is driving the world’s most eco-friendly sports car is perhaps not so surprising. But the man that built it is car designer Henrik [...]
CAR TALK August 16, 2011 PRIUS PLUG-IN Toyota is introducing a plug-in version of its Prius hybrid electric car at the Frankfurt Motor Show in September. The Prius Plug-in Hybrid Electric Vehicle (PHEV) has an extended EV (electric power only) range – of up to 12.5 miles – and can achieve 128 mpg and has CO2 emissions of just 49g/km, [...]
Google snaps up Motorola arm for £8bn August 15, 2011 GOOGLE yesterday made its biggest-ever acquisition by spending $12.5bn (£7.6bn) on Motorola Mobility. The purchase of the phone and tablet-maker, which will be run as a separate business, marks a surprise move into mobile hardware for Google, which has recently seen its Android software become the most popular smartphone platform. However, analysts say the motivation [...]
Recruitment giant warns of turmoil in City jobs market August 15, 2011 The miserable state of the City jobs market was underlined yesterday in a worse-than-expected set of results for recruiter Michael Page that sent its shares tumbling eight per cent. The firm, which has sourced jobs in the City since 1976, admitted that the culling of banking jobs at both large and small institutions is set [...]
European Central Bank sucks up €22bn in debt August 15, 2011 THE European Central Bank (ECB) exceeded expectations by purchasing €22bn (£19.4bn) worth of debt from troubled Eurozone governments last week. The ECB announced the figure yesterday, which surpasses even the €16.5bn in bonds that it purchased in May 2010, when it intervened in a bid to save the Greek government. The ECB reluctantly entered the [...]
Bailouts are bad but didn’t cause riots August 15, 2011 THERE are lots of problems in our society, much hypocrisy and many bad practices. White collar crime in the City or the House of Commons should be pursued and punished; it is right to cast the spotlight on the misdeeds of those at the top of society as well as those at the bottom. But [...]
The new front in the mobile phone wars August 15, 2011 THE future for companies like Nokia and Motorola, once the great pioneers of the mobile phone industry, has been bleak for some time. The likes of Apple and RIM have eaten away at their share of the high-end smartphone market for several years now, while cheaper Asian manufacturers will soon do the same in the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 15, 2011 FINANCIAL TIMES SINO-FOREST DELAYS PUBLICATION OF FRAUD REVIEW Sino-Forest, the Chinese forestry company fighting allegations of fraud, has delayed publication of its internal review into claims made by research outfit Muddy Waters that triggered a collapse in the company’s share price in June. An independent committee has presented an interim report to Sino-Forest’s board but [...]
