WORLD CUP NEWS | IN BRIEF June 22, 2010 FIFA AWAIT REPORT ON VILLA FIFA say they are awaiting a referee’s report from Spain’s win over Honduras on Monday night before deciding whether or not to take any action against Spanish striker David Villa. Villa netted twice in a 2-0 win but also struck Honduran defender Emilio Izaguirre in the face as they waited [...]
Climate change funds efficient source of profit June 22, 2010 AS THE western world enters the age of austerity, finding sectors with strong growth potential will be the challenge for investors. Climate change is one area that has astounding prospects. The International Energy Agency (IEA) estimates that between $1 trillion and $2 trillion a year will need to be invested over the medium to long [...]
Survival in the Far East June 22, 2010 JAPAN has defied the most ardent optimists for the past 20 years. From a peak of 38,000 at the height of the country’s asset price boom in 1990, the Nikkei 225 index has plotted an almost unbroken downwards course. Gross domestic product (GDP) has trodden water at the nominal level of ¥500tr (£3.7tr) for a [...]
FUND MANAGEMENT NEWS June 22, 2010 GELDOF: FUNDS MISSING OUT ON AFRICA Sir Bob Geldof has warned UK pension funds that they are missing out on a great investment opportunity by not investing in Africa. Speaking at an event held by CDC, a government-backed institution that makes private equity investments in sub-Saharan Africa, he said: “Where is your money safest? Africa [...]
A BLITZ OF CUTS WOULD BE THE BEST June 22, 2010 DICK TURPIN MANAGING DIRECTOR, ARTEMIS RATHER than a real war on debt, what has been going on until now has been more of a Sitzkrieg than a painful – but very necessary – Blitzkrieg. This is just as it was from September 1939 to April 1940 when the Second World War was a sitting war: [...]
After sterling’s rally, investors are playing a waiting game June 22, 2010 FOREX markets gave a cautious welcome to George Osborne’s emergency Budget measures yesterday, with sterling rallying to highs of $1.4851 and €1.2081. However, the pound still failed to make up Monday’s losses against the dollar, reflecting a widespread wait-and-see approach as analysts work through the details of the Budget and watch for its impact on [...]
AFTER A CAUTIOUSLY POSITIVE RECEPTION FOR THE BUDGET, WHERE NOW FOR STERLING? June 22, 2010 MICHAEL HEWSON | CMC MARKETS If the Chancellor was looking to see if his credibility budget was a success, then judging by the market reaction so far it could well be he has succeeded. Euro-sterling has gained ground, pushing below the 83.2-3p support area and while the bigger 84p resistance level holds, further sterling gains [...]
THE TIPSTER June 22, 2010 IT WAS easy yesterday to focus only on what was happening to sterling but there was activity in plenty of other currency pairs too. The Australian dollar-New Zealand dollar has retraced ever since the Aussie dollar failed to maintain momentum above NZ$1.3000. The latest retracement to the NZ$1.2400 level equals the 38.2 per cent Fibonacci [...]
BUDGET HAS CALMED THE BOND MARKET June 22, 2010 GEORGE TCHETVERTAKOV HEAD OF MARKET RESEARCH, ALPARI YESTERDAY, chancellor George Osborne produced the most fiscally austere and severe budget in post-war UK history. Britain is embarking on its sharpest budget deficit reduction crusade since the 1940s with the aim of cutting the structural deficit by 8 per cent of GDP over the next five years. [...]
The Cayenne goes green June 22, 2010 ONCE deemed a horrendous diversion by Porsche purists, the Cayenne has gone on to become the single biggest-selling model in the Porsche range with more than 280,000 of them sold worldwide since the car’s launch back in 2002. The new Cayenne is a lighter, cleaner, more economical and prettier version of its predecessor and somehow [...]
