MARKET WILL NOT TOLERATE INDISCIPLINE February 23, 2010 THE latest moves in the FX markets indicate investors are increasingly discriminating about their risk asset exposure. In particular, there has been a growing divergence of performance between the G10 currencies. Those of resource-rich countries – such as the Australian, New Zealand and Canadian dollars – have tended to outperform while eurocentric ones have underperformed. [...]
FTSE rocked as mining shares fall on commodity price drop February 23, 2010 BRITAIN’S top shares shed 0.7 per cent yesterday, tracking early falls on Wall Street and pressured by weaker miners and energy issues as commodity prices fell with a firmer dollar after dull data. At the close, the FTSE 100 was 36.98 points lower at 5,315.09, having hit a one-month high earlier in the session. US [...]
Data undermines hopes of recovery February 23, 2010 US stocks suffered their biggest one-day decline in nearly three weeks yesterday after a sharp drop in consumer confidence heightened worries over one of the most vulnerable areas of the economy. Consumer confidence in February slumped to a 10-month low as the short-term outlook on jobs worsened. Results from retailers added little hope, as bellwethers [...]
Copenhagen’s lack of detail is a blow for low- carbon business February 23, 2010 JUST over two months since the final all-night negotiations which went into finalising the Copenhagen Accord, viewpoints on the outcome of the Copenhagen climate change conference (COP15) have been extremely mixed. On the positive side, the Copenhagen Accord has been described as an “important political tool”, “vital first step”, or in the words of President [...]
Got the cash? Well then it’s lobster ‘n’ caviar all round February 23, 2010 ASTAR Tokyo chef, Shoichi Fujimaki, has delighted wealthy locals by charging £70 for a single serving of his signature ramen noodles, a price commanded by his special blend of broth. A less gourmet version of the staple can be bought for £4 down the road. So if cash-stripped Japan can rustle up dishes so extravagant, [...]
OUT OF OFFICE February 23, 2010 RON ARAD: RESTLESS The first major exhibition of Arad’s work in the UK includes a new reworking of his classic 1989 Well Tempered Chair – re-done in transparent polycarbonate – his ping pong table with a highly-reflective surface that slopes in the middle to slow down the game for visitors to play on, and an [...]
How to get bidding for the first time February 23, 2010 I’m thinking of going to an auction to buy some antiques for my home, but haven’t been before. What should I expect? IT’S not surprising that many of us are a little intimidated by the idea of an auction. If TV depictions are to be believed, the slightest scratch of your nose could see you [...]
New cars to look out for in Geneva February 23, 2010 THIS time next week the Geneva International Motor Show will be underway, with the latest designs, concept cars, fresh innovations and new launches. After the travails the motoring world has suffered over the past year, including the near collapse of General Motors and the calamities recently befalling Toyota, the industry will be hoping that the [...]
Special One’s barbs do not bother Blues, insists Cech February 22, 2010 CHELSEA goalkeeper Petr Cech has warned former Stamford Bridge boss Jose Mourinho that his mind games will not sabotage the Blues’ Champions League hopes. Inter Milan coach Mourinho has indulged in characteristic psychological warfare as he prepares to face his old club tomorrow for the first time since his acrimonious departure in 2007. The outspoken [...]
Portsmouth chief Storrie slams black hole claims February 22, 2010 PORTSMOUTH chief executive Peter Storrie has hit out at suggestions money has gone missing from the crisis club, who are facing administration unless a buyer can be found by tomorrow. Storrie hit out at television pundits for depicting a £150m black hole at Pompey, who are £60m in debt and facing a winding-up order from [...]
