Iceland asks for state mediation January 24, 2010 Iceland has approached several governments about the possibility of mediating talks over $5bn its owes to Britain and the Netherlands after the island’s banking crisis, Icelandic media reported yesterday. Local television said Norway was the most likely candidate for such a role. Oslo is seen as sympathetic to Iceland’s plight and mediated between London and [...]
How studying Goldman Sachs can help you become a better trader January 24, 2010 LAST week, Goldman Sachs announced profits of more than $13.3bn, even as some of its competitors continue to struggle. So what is the bank doing so right? We look at five ways you can adapt your hedging, research and risk styles to a Goldman style and hopefully boost your revenues. 1. Do your research Goldman’s [...]
MANAGE RISK CAREFULLY IN CHOPPY TIMES January 24, 2010 FOLLOWING Barack Obama’s attack on Wall Street towards the end of last week, the markets suffered the sort of wobble that some had thought we had seen the last of. It proved once again that we are not out of the woods yet and was a reminder that spread betters have to be able to [...]
THE TIPSTER January 24, 2010 US PRESIDENT Obama’s plans for the banking sector are expected to continue to dominate this week and put further pressure on banks’ share prices across the world. This might make it well worth taking a short out on the UK banking sector. IG Index is offering a spread of 4,466-4,486. But downward pressure on share [...]
Bearish US sentiment likely to buffet Europe too January 24, 2010 European stock markets are headed for a major tumble this morning, as a sell-off on US markets gathered steam on Friday evening. GFT is forecasting the UK’s FTSE 100 to open down a hefty 90 points from Friday’s close, around 5,212. The German DAX is expected to open down 105 points at 5,590 and the [...]
Economic Diary January 24, 2010 MARKETS are expecting a bumpy ride this week with a slew of data that could derail momentum. Britons are eagerly awaiting the release of fourth quarter GDP tomorrow, which should show that the UK finally exited recession in the last three months of 2009. The consensus forecast is for output growth of 0.4 per cent. [...]
From Russia with love – and money January 24, 2010 THE OLIGARCH’S WIFE By ANNA BLUNDY Preface, £12.99 Anna Blundy, an impossibly glamorous-looking journalist and daughter of the late foreign correspondent Peter Blundy, knows her subject well. A graduate of a Russian at Oxford, she lived in Russia first as a translator, then a blues singer and then as foreign correspondent for a national newspaper. [...]
OUT OF OFFICE January 24, 2010 Van gogh comes to the r.a. Incredibly, this is the first major Van Gogh exhibition in London for over 40 years, and it will shed extra light on the impulses and inspirations of the troubled Dutch painter with the inclusion of 35 of his letters, as well as 65 paintings and 30 drawings. Whether your [...]
A hotel that’s fit for a king January 24, 2010 ON walking into the lobby of Paris’ George V you can tell it’s a grande dame, but it has a twist which makes it immediately memorable. There’s the immaculately designed wrought-iron door frame, 17th century tapestries adorning the walls and acres of marble lining the floors, but it is far from stuffy. Smartly-suited staff smile [...]
We’ll always have Paris January 24, 2010 NOBODY does romance better than the French. Paris might no longer be the centre of world when it comes to business or culture, but in terms of places to spend Valentine’s Day nothing comes close. The French capital has a huge spectrum of hotels for every budget and taste, but the knowledgeable people at the [...]
