The Kiwi can’t keep up this strength for long March 9, 2010 COMMODITY currencies such as the Australian dollar and the New Zealand dollar have been in vogue over the past year as traders look to capitalise on rising commodity prices and take a punt on the global economic recovery. It is no surprise, therefore, that Forex.com has added the US dollar-South African rand to its list [...]
Rate cuts will undermine the South African rand’s health March 9, 2010 COMMODITY currencies such as the Australian dollar and the New Zealand dollar have been in vogue over the past year as traders look to capitalise on rising commodity prices and take a punt on the global economic recovery. It is no surprise, therefore, that Forex.com has added the US dollar-South African rand to its list [...]
The Tipster March 9, 2010 THE Australian dollar has been subdued, which is surprising since strong business confidence data earlier this week increases the chances of more interest rate hikes from the Reserve Bank of Australia. The Aussie dollar has traded on a weaker note since Monday after reaching AU$0.9150 against the greenback. Its weak performance in recent sessions can [...]
FOREX FLASH March 9, 2010 Goldman upbeat on sterling The pound has been in retreat since yesterday, after trade data for January suggested that a weaker pound is not yet helping British exports. But this could be short-lived. Goldman Sachs economist Erik Nielsen thinks that the UK economy should emerge from recession before the Eurozone. Nielsen made the comments during [...]
Banks weigh on the FTSE as Credit Suisse warns of future funding crisis March 9, 2010 BRITAIN’S top share index closed a touch lower yesterday, as a weakening in banks after a cautious research note from Credit Suisse slightly outpaced buoyant oil issues and drugmakers. The FTSE 100 ended down 4.42 points, or 0.1 per cent, at 5,602.30, having closed up 0.1 per cent on Monday, its highest close since 2 [...]
Market sees strongest one-year rally since 1936 March 9, 2010 ONE year to the day after stocks fell to their worst close in more than 12 years, the US market spent most of yesterday spinning its wheels. Major US averages ended slightly higher as falling commodity prices pressured materials stocks, offsetting gains in the telecom and industrial sectors. But the weakest financial companies dominated market [...]
International Power profits March 9, 2010 INTERNATIONAL Power yesterday warned that energy markets would remain subdued in the UK and the US, though strong demand from Asia and Australia boosted the firm’s full-year profits by 10 per cent. International Power, which has interests in over 45 power stations around the world, said pre-tax profits surged by 13 per cent to £1.3bn [...]
Shanks walks away from its takeover talks with Carlyle March 9, 2010 RHIAN NICHOLSON INTERACTIVE INVESTOR SHARES in waste management group Shanks slumped by as much as 20 per cent yesterday after it pulled out of takeover talks with US private equity group Carlyle. The FTSE 250 group says it is unwilling to recommend a final price of 120p cash per share to shareholders, claiming the £475m [...]
ANALYST VIEWS: WHAT DO YOU THINK OF INTERNATIONAL POWER’S PERFORMANCE? March 9, 2010 COLIN TYLER | OC&C STRATEGY “I have to say, I’m not terribly surprised at the results. They have benefited significantly from increasing regulation on the compliance that generates revenue. Also, a lot of previous contracts are continuing to expand. It shows that a lot of the contracts had benefited from additional revenue.” LAKIS ATHANASIOU | [...]
F&C is poised to buy Austrian C-Quadrat March 9, 2010 UK FUND manager F&C Asset Management is poised for a takeover of Austrian rival C-Quadrat, as its annual results for 2009 are published today. F&C announced yesterday that it could offer around £11.33 per share for the Austrian asset manager, adding that any offer would be dependant on C-Quadrat’s founders Alexander Schütz and Thomas Rie [...]
