Belgium may be the next domino to fall in crisis July 12, 2011 WHILE most of the focus of the Eurozone crisis has been on Portugal, Greece and Ireland, more countries are being drawn into the fray. Italy’s bond yields are spiking and governmentless Belgium seems overdue for a government bond rating downgrade. With a lack of faith in the euro, these worries are driving the Swiss franc [...]
A NEW PLAN FOR EUROZONE DEBT IS VITAL July 12, 2011 THERE is no doubt that the currency market is now at the mercy of the credit market. Fears about the growing contagion in the Eurozone have sent euro-dollar to fresh three month lows at the start of this week’s trade, with the pair dropping below $1.3850 in yesterday’s chaotic market open. Italy has become the [...]
THE TIPSTER July 12, 2011 STERLING isn’t faring well against the dollar and its case hasn’t been helped by the fact that UK house prices didn’t really improve in June. The pound is trending lower, and has broken through its previous support level of $1.5850, which is a negative signal. Capital Spreads quotes sterling-dollar at $1.5834-$1.5836. Risk aversion has been [...]
FOREX ANALYST PICKS July 12, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Remain short sterling-dollar and short euro-dollar Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Volatility has picked up to start this week, but it has only helped the setups I had from last week. The dollar-Swiss franc short from SFr0.8500 has [...]
(Relatively) cheap and cheerful July 12, 2011 There was a time when the main reason for buying a Kia Picanto would have been its bargain price tag and jaw-dropping seven-year warranty – it certainly wasn’t great to drive or particularly good looking either. In fact it looked about as cheap as it’s price tag suggested. But this latest incarnation of the Picanto [...]
CAR TALK July 12, 2011 RANGE ROVER’S POWERFUL GREENER CAR Land Rover’s latest 3.0-litre SDV6 diesel Range Rover Sport has just been introduced with more power, reduced CO2 and improved fuel economy thanks, in part, to a new efficient 8-speed automatic gearbox. Engine power is increased from 245hp to 256hp whilst CO2 emissions are down from 243g/km to 230g/km. Combined [...]
Westwood and Garcia look the best bets to taste success at St. George’s July 12, 2011 THE OPEN CHAMPIONSHIP TOMORROW – From 9am, BBC Two IF you’re thinking of heading to the Kent countryside for a relaxing break this weekend, forget it. You’ll struggle to find a room anywhere in Garden of England as from Thursday, the small port town of Sandwich — population 6,800 — plays host to the 140th [...]
News Corp puts Sky bid on hold July 11, 2011 ■ Competition Commission probe to last up to a year ■ Gordon Brown says sick son was target of News Int NEWS CORP yesterday made the shock decision to effectively put its bid for BSkyB on ice for up to a year. Rupert Murdoch’s firm withdrew concessions made to the media watchdog over the takeover, triggering [...]
Eurozone’s debt talks fail as Italy nears crisis July 11, 2011 CRUNCH talks among Eurozone ministers broke down in failure yesterday, leaving a much-trumpeted final deadline for an agreement on a second Greek bailout to pass with no sign of a deal. The Eurozone’s inability to thrash out a new package leaves the region exposed to the growing threat of contagion, which saw the interest on [...]
MPs agree to up IMF loans July 11, 2011 THE UK government last night voted through a proposal to make extra loans worth around £9bn available to the International Monetary Fund (IMF). MPs won a Commons vote by a majority of 28, authorising the Treasury to make the additional loans, despite opposition from a number of Labour and Conservative MPs. The Treasury said there [...]
