FOREX ANALYST PICKS August 2, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-sterling and Kiwi dollar-dollar Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week It doesn’t surprise me that the medium-term setups I laid out for euro-dollar, Aussie dollar-dollar and dollar-yen last week didn’t gain traction. Market conditions are extremely volatile and [...]
Beauty’s in the i of the beholder August 2, 2011 LAST week BMW flew hundreds of journalists from around the world into Frankfurt to show them the future of motoring, as illustrated by its new sub-brand ‘i’. And the future looks pretty impressive if the near-production cars BMW revealed are anything to go by. The German manufacturer showed the first two of its ‘i’ branded [...]
CAR TALK August 2, 2011 TOYOTA GETS GREEN PLAUDITS Toyota has been named the “world’s greenest brand”, according to a survey from Interbrand. The “Best Global Green Brands” survey takes into account environmental performance coupled with public perception of eco sustainability. Data was collected from the world’s leading markets, including the UK, France, Germany, Italy, USA, Japan, Brazil and India [...]
US pulls back from the brink August 1, 2011 US POLITICIANS moved one step closer last night to approving an eleventh-hour deal to raise the country’s debt ceiling, and hope to avoid the prospect of a default that would throw global markets into chaos. Members of the Republican-controlled House of Representatives voted 269-161 in favour of the proposed plan, which will lift the debt [...]
HSBC plans a jobs cull in Europe August 1, 2011 EUROPE is set to lose thousands of jobs to higher-growth markets in Asia as HSBC slashes its headcount by 30,000 in the next two years. That includes 700 jobs cut in the UK alone in the first half of this year, with more to come as the bank refocuses its business eastwards. It has also [...]
UK factories slump in July August 1, 2011 GEORGE Osborne’s hopes of a manufacturing-led recovery were dealt a blow yesterday, after a survey suggested factory output had contracted in July for the first time in two years. The manufacturing purchasing manager’s index (PMI) fell to 49.1 in July from a revised 51.4 in June – the first time it has been below the [...]
Relief over debt deal is short-lived August 1, 2011 It didn’t take long for the relief caused by Sunday evening’s US debt plan to dissipate. First, there’s the dawning realisation that the plan itself, passed by the House late last night, is unlikely to help the US avoid some sort of debt downgrade. Nor is it likely to repair the wounds caused by weeks [...]
NI ordered email deletion August 1, 2011 NEWS International asked a technology firm to delete a large number of emails from its system nine times in 15 months, a technology firm told MPs probing the hacking scandal. In a letter to the Home Affairs Committee from India-based HCL Technologies, the firm said that it noticed nothing “abnormal or untoward” about the requests [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 1, 2011 FINANCIAL TIMES FOXCONN LOOKS TO AN AUTOMATED FUTURE WITH 1M ROBOTS BY 2013 Foxconn, the world’s largest contract electronics manufacturer by revenue, plans to have as many robots as workers in its China factories within three years, according to Terry Gou, chairman and chief executive. Foxconn, China’s biggest employer, produced Apple’s iPad and other electronic [...]
Cable to reveal copyright change August 1, 2011 Business secretary Vince Cable is expected to unveil reforms to UK copyright laws tomorrow, freeing up those who make copies of their own music and film collections for personal use from potential lawsuits. In the UK, it is still illegal to make personal copies of bought content. Cable is expected to say he will abolish [...]
