How to throw the world’s greatest party: opulence, charity and trust July 12, 2011 SOME people just don’t know how to retire. It’s three years since he stepped down as deputy chairman at Man Group, but Stanley Fink – Lord Fink since this January – shows no signs of slowing down. In 2008, the “godfather” of the hedge fund industry announced that he wanted to devote more time to [...]
Belgium may be the next domino to fall in crisis July 12, 2011 WHILE most of the focus of the Eurozone crisis has been on Portugal, Greece and Ireland, more countries are being drawn into the fray. Italy’s bond yields are spiking and governmentless Belgium seems overdue for a government bond rating downgrade. With a lack of faith in the euro, these worries are driving the Swiss franc [...]
A NEW PLAN FOR EUROZONE DEBT IS VITAL July 12, 2011 THERE is no doubt that the currency market is now at the mercy of the credit market. Fears about the growing contagion in the Eurozone have sent euro-dollar to fresh three month lows at the start of this week’s trade, with the pair dropping below $1.3850 in yesterday’s chaotic market open. Italy has become the [...]
THE TIPSTER July 12, 2011 STERLING isn’t faring well against the dollar and its case hasn’t been helped by the fact that UK house prices didn’t really improve in June. The pound is trending lower, and has broken through its previous support level of $1.5850, which is a negative signal. Capital Spreads quotes sterling-dollar at $1.5834-$1.5836. Risk aversion has been [...]
FOREX ANALYST PICKS July 12, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Remain short sterling-dollar and short euro-dollar Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Volatility has picked up to start this week, but it has only helped the setups I had from last week. The dollar-Swiss franc short from SFr0.8500 has [...]
(Relatively) cheap and cheerful July 12, 2011 There was a time when the main reason for buying a Kia Picanto would have been its bargain price tag and jaw-dropping seven-year warranty – it certainly wasn’t great to drive or particularly good looking either. In fact it looked about as cheap as it’s price tag suggested. But this latest incarnation of the Picanto [...]
CAR TALK July 12, 2011 RANGE ROVER’S POWERFUL GREENER CAR Land Rover’s latest 3.0-litre SDV6 diesel Range Rover Sport has just been introduced with more power, reduced CO2 and improved fuel economy thanks, in part, to a new efficient 8-speed automatic gearbox. Engine power is increased from 245hp to 256hp whilst CO2 emissions are down from 243g/km to 230g/km. Combined [...]
Westwood and Garcia look the best bets to taste success at St. George’s July 12, 2011 THE OPEN CHAMPIONSHIP TOMORROW – From 9am, BBC Two IF you’re thinking of heading to the Kent countryside for a relaxing break this weekend, forget it. You’ll struggle to find a room anywhere in Garden of England as from Thursday, the small port town of Sandwich — population 6,800 — plays host to the 140th [...]
News Corp ups share buy back to $5bn July 12, 2011 News Corp plans to buy back $5bn (£3bn) in stock over the next 12 months as the media company tries to contain the telephone hacking scandal which has sent its share price down about 14 per cent overall. Rupert Murdoch’s media conglomerate responded to investor pressure to support the stock. Shares rose more than two [...]
Eurozone uncertainty drags down markets July 12, 2011 The FTSE 100 dived on opening today after a meeting tabled to thrash out issues related to the Eurozone debt crisis failed to bear fruit. London’s drop mirrored steep falls on Wall Street and in Asia as investors remained unconvinced by the 16-country bloc’s strategy for steering through the crisis. Eurozone leaders gathered with the [...]
