FOREX ANALYST PICKS October 19, 2010 FOREX STRATEGIST JOEL KRUGER My pick: Buy dollar-yen at ¥79.50 (100 objective stop at ¥86.60) Expertise: Classic technical analysis Average time frame of trades: 1 month – 12 months This market has been under intense pressure over the past few months, with the price dropping relentlessly to multi-year lows and now quickly closing in on [...]
Algo crackdown is an awful idea October 19, 2010 HIGH frequency traders are getting a bad press at the moment. They have been widely blamed for the so-called “flash crash” on 6 May, and the latest noises coming out of the European Commission suggest that when its review of the Markets in Financial Instruments Directive (MiFID) is finalised next year it may well look [...]
Cleantech investment gets government boost October 19, 2010 LATER today as he announces his comprehensive spending review George Osborne is expected to announce the creation of a £2bn green investment bank to fund sustainable projects in the UK. It follows Google announcing last week that it is to invest in a massive off-shore wind turbine project. And in China the government is trying [...]
Let your hair fly back like the Wind October 19, 2010 It’s fair to say that most people, even trainspotters like motoring columnists, don’t get too excited about car roofs. People don’t usually queue to buy a specific car because of its roof but Renault’s new Wind coupé-roadster may be about to change that. Traditionally, sports car design and practicality are at odds with each other. [...]
CAR TALK October 19, 2010 BMW DRIVERS ARE RUDEST BMW drivers are the most likely to be obnoxious on the road according to a survey of 3,000 motorists conducted by gocompare.com. Results from the study found BMW drivers the most likely to tailgate, make rude hand gestures and to speed, and more than half of the survey’s respondents had suffered [...]
Apple rides high but iPad falters October 18, 2010 Apple last night smashed expectations to post record fourth quarter profits and revenues, boosted by blockbuster sales of its new iPhone 4. However, its landmark iPad tablet device lagged behind analyst forecasts as supply issues continued to dog the world’s biggest technology firm. Apple shifted 4.2m iPads in the quarter, falling well short of analyst [...]
Critics slam Labour bank levy plans October 18, 2010 ALAN Johnson’s plan to raise at least £3.5bn by clobbering the banks with another levy was roundly dismissed yesterday, with critics claiming it was unworkable and could encourage firms to quit the UK. In his first major speech as shadow chancellor, Johnson welcomed the coalition’s plan for a £2.5bn levy on banks, but said they [...]
Citi and Hands arrive in court October 18, 2010 A NEW York jury was yesterday asked to decide who is lying in a dispute between Guy Hands and Citigroup over Hands’s £4bn buyout of embattled record label EMI in 2007. Hands and his onetime Citigroup banker David Wormsley sat feet away from each other as the trial, which is expected to last three weeks, [...]
Facebook couldn’t have been British October 18, 2010 IT is simply untrue that Britain doesn’t produce any wealth and job creating entrepreneurs any more. Take some of the stories in today’s City A.M.; they demonstrate that Britain retains a vibrant start-up and growth culture. Hugh Willis, 50, and Mark Poole, 49, who founded BlueBay in 2001, are today each £82m richer after they [...]
France strikes cause chaos October 18, 2010 FRANCE was this morning coming to terms with a sixth day of strikes over President Sarkozy’s plans to raise the retirement age. The nation ground to a halt as train drivers, teachers, hospital staff and utility workers joined the mass protest against Sarkozy’s austerity measures. Fuel pumps were already running dry after week-long strikes at [...]
