CAR TALK June 21, 2011 PARK LANE’S MCLAREN PALACE McLaren’s flagship London showroom has just opened at One Hyde Park. McLaren claims the showroom will stock a spare of every serviceable part for its new MP4-12C high-performance, carbon-fibre-based sports car and provide an efficient “pitstop” service for repairs. McLaren aims to hand-build 1,000 cars this year. FERRARI UK DEBUT Ferrari’s [...]
Looking into the Fed’s crystal ball June 21, 2011 CHARLES SCHWAB LIZ ANN SONDERS We believe monetary policy is largely on hold for the near to medium-term. It’s unlikely the Fed will begin to let its balance sheet shrink; as such, “QE 2.5” – reinvesting proceeds from maturing Treasuries to maintain the level of its balance sheet – would be considered a go once [...]
FOREX ANALYST PICKS June 21, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Long sterling-Swissie, short Kiwi-dollar and Swissie-yen Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Last week’s short euro-dollar setup with a $1.4300 breakout worked out well; but without a $1.4000 break the trend dried up. I’ll keep an eye on this [...]
China makes the very best of neighbours for Australia June 21, 2011 WHILE Australia’s first stock exchange officially opened in Melbourne in 1861, some 10 years after the start of the Gold Rush, the national Australian Stock Exchange was not established until more than 100 years later, in 1987. But ASX Group, current owner of the entity created by the merger of the Australian Stock Exchange and [...]
HKEx: a global IPO hot-spot June 21, 2011 THE Hong Kong Stock Exchange (HKEx) is Asia’s third largest exchange in terms of market capitalisation, after Tokyo and Shanghai. It was first established in 1891, although informal exchanges were taking place in Hong Kong for some thirty years previous to that date. Nowadays, the exchange has become well-known for attracting big international companies – [...]
A HAVEN OF FREE TRADE SHOWS THE WAY TO CHINA’S OPENING MARKETS June 21, 2011 HEAD OF PRODUCT, BARCLAYS STOCKBROKERS THIS week takes us to Asia-Pacific; to Australia, Hong Kong and Singapore. All three offer investors access to China but none more so than Hong Kong. FRAGRANT HARBOUR Hong Kong is Asia’s second largest exchange by market capitalisation and was formed in 1980 by a merger between the Far East [...]
Chelsea turn to the new Mourinho June 20, 2011 Special One’s former protege Villas-Boas set to follow in his mentor’s footsteps by swapping Porto for Stamford Bridge CHELSEA have turned to the man dubbed The New Jose Mourinho as they seek a manager capable of replicating the glorious era of the Special One. Andre Villas-Boas, the Treble-winning Porto boss and former protege of Mourinho, [...]
Murray through but acknowledges he must be ruthless under the roof June 20, 2011 BRITISH No1 Andy Murray admits he’s still to acclimatise to life under the Wimbledon roof after overcoming a scare to defeat first round opponent Daniel Gimeno-Traver in four sets. Rain meant no play was possible on the outside courts from 5.30pm onwards, but the £100m Centre Court roof ensured a raucous crowd were afforded the [...]
McIlroy victory is best Major win I’ve ever seen June 20, 2011 IREMEMBER a 14-year-old friend of my son’s came to stay with us a few years ago. The pair of them had some great games and you could see then that this lad was a class player. He wasn’t long at all but he was the straightest hitter you could imagine. That boy won the US [...]
Strauss takes drastic action to find form June 20, 2011 ENGLAND captain Andrew Strauss failed to mastermind a 2-0 series victory over Sri Lanka after a rain-hit fifth day before announcing he will take the unprecedented step of switching counties in a bid to rediscover his form ahead India’s upcoming tour. Strauss, who averaged just 6.75 from four innings against the tourists, has represented Middlesex [...]
