Wilshere commits to Gunners November 1, 2010 ARSENAL midfielder Jack Wilshere has committed his future to the club by signing a new long-term contract. The 18-year-old, already a full England international, has become an integral part of Arsene Wenger’s midfield this season. “To be offered a new contract means everything to me,” said Wilshere, who joined the club aged nine. “I’ve got [...]
FED DECISION DOES NOT END UNCERTAINTY November 1, 2010 CFD MARKET STRATEGIST, GFT THE two-day US Federal Open Market Committee (FOMC) meeting ends tomorrow. This should end months of speculation over the size and scope of additional monetary stimulus. Last week, the Federal Reserve sent out a number of conflicting signals concerning its next move. Rather than narrowing the range of possible outcomes, the [...]
China’s ICBC buys Fortis US broker November 1, 2010 INDUSTRIAL & Commercial Bank of China, the world’s biggest lender by market value, paid a token $1 for a small US brokerage firm, the Wall Street Journal reported yesterday, citing people familiar with the matter. Beijing-based ICBC is buying the prime dealer services unit of Fortis Securities from BNP Paribas, allowing France’s biggest-listed bank to [...]
Tricky with the Nikkei – Japan seems to be getting worse November 1, 2010 WHILE many pundits in the US have spent the last two years predicting a Japanese future for America, Japan itself has not got any more popular. Instead, the strengthening yen – barely affected by occasional Bank of Japan (BoJ) interventions – has weighed heavily on Japanese equities. Where other indices have recovered from stock market [...]
Bats Europe bemoans slow progress on clearing November 1, 2010 A lack of competition among Europe’s clearing houses is holding back growth of the region’s equity market, the chief executive of ultra-fast trading platform Bats Europe said yesterday. Trading firms and exchanges are keen to offer clients a choice of providers in the hope competition will force fees lower – but the clearers have yet [...]
Intel on track to launch new tablet chips November 1, 2010 Intel is on track to launch an improved chip platform aimed at the fast-expanding tablet market, where so far it has trailed nimble competitors that specialise in cheap low-power processors. Code-named Oak Trail and due to begin shipping in early 2011, the chips have much-improved energy efficiency and hold their own compared to processors made [...]
Youngs aiming to take Flood partnership to next level November 1, 2010 Leicester scrum-half wants to recreate club dynamic against New Zealand ENGLAND scrum-half Ben Youngs is hoping manager Martin Johnson puts his faith in an all-Leicester half-back combination to get the autumn campaign off to a perfect start against New Zealand. Youngs and Tigers fly-half Toby Flood have forged a potent partnership at club level, striking [...]
AIG completes $16bn sale of Alico to Metlife November 1, 2010 TROUBLED US insurer American International Group (AIG) announced the sale of its life insurance business America Life Insurance Corporation (Alico) to Metlife yesterday in a deal worth $16.2bn (£10.1bn). The sale means AIG has now raised $37bn towards repaying US taxpayers after the government launched a $180bn bailout package to save the company in 2008. [...]
Graduate unemployment hits high November 1, 2010 Unemployment for recent graduates has risen to the highest level in 17 years, according to an educational charity. Almost nine per cent of 2009 graduates were out of work in January 2010, the Higher Education Careers Services Unit said, meaning more than 21,000 students have not found a job. This compares to 7.9 per cent [...]
The return of the Turtle Traders: nature vs nurture November 1, 2010 DO YOU have to be born a successful trader or can anybody learn how to play the financial markets and make a tidy profit in the process? This debate has divided Wall Street and the Square Mile for decades and in 1984 35 year-old Richard Dennis, a commodities analyst from Chicago, set out to prove [...]
