Make money from money with the three key tactics in Forex trading August 26, 2008 Understand the basic trades and you can profit from foreign exchange, writes Phil Thornton With equity, property and bond markets going through a rough time, investors are increasingly tempted to see currency trading as a safe haven. However newcomers should remember that while the gains can be impressive, those without a clear strategy can suffer [...]
Plunge into a dark pool in the new era of trading platforms August 26, 2008 Project Turquoise is here, and promises to shake up the world of trading. But what does it mean for you?, asks Katie Hope Within two weeks, Project Turquoise will launch in full. The hotly awaited new trading platform set up by a consortium of nine investment banks, started quietly almost two weeks ago trading just [...]
How wave power can help you to read the markets August 26, 2008 The markets are anything but random, say proponents of Elliott Waves. Understanding them will improve your trading. Most people are led to believe that the markets are completely random and that there is no way of forecasting the next move, either up or down. But others seem to make large amounts of profits catching the [...]
Coalition in Pakistan fails after schism August 26, 2008 Former Pakistani Prime Minister Nawaz Sharif pulled the Pakistan Muslim League – Nawaz (PML-N) out of the ruling coalition yesterday, after disputes over the judiciary and who should be the next president. The two parties that had led the coalition will now put forward separate candidates in a presidential election on 6 September, when the [...]
The Olympic games are over – but Asia is still where the growth is to be found August 26, 2008 It was Aztec Camera who once sang “Summer in the City and the air is still”. I don’t know about the air, but the equity markets have been relatively quiet over the last week, except for a Warren Buffett induced bounce on Friday. Thank goodness – I don’t think any of us needed another August [...]
Woolworth still cool on Walker plan August 26, 2008 Troubled retailer Woolworths yesterday played down reports that its chief executive Robert North was due to meet with Iceland entrepreneur Malcolm Walker. Reports had suggested the two sides were certain to get together for crucial takeover talks later this week. It emerged last week that Woolworths had rejected a £50m takeover approach from a consortium, [...]
Second top executive quits troubled TNK-BP venture August 26, 2008 Russia’s third-largest oil producer TNK-BP has announced the departure of the second senior executive this month, further fuelling the crisis that has engulfed the firm. Executive vice president Tony Considine resigned yesterday after five years heading the refining, trading and marketing businesses at BP’s joint Russian venture. Considine cited personal reasons for the departure adding [...]
China’s PBC builds stake in Prudential August 26, 2008 Prudential has poured cold water on suggestions that it should spin off its Asian arm into a separate company, as it emerged that the People’s Bank of China has built up a one per cent stake in the UK’s second-largest insurer. Chief executive Mark Tucker has fought an ongoing battle on two fronts to convince [...]
Lonmin boss sells shares August 26, 2008 Lonmin chairman’s vigorous opposition to a £33-a-share takeover approach from mining group Xstrata is likely to be overshadowed by revelations that he sold his personal shares in the company for only £1 more than Xstrata’s offer. Earlier this month John Craven, who has been chairman of Lonmin since 1997, defined Xstrata’s proposal as “opportunistic” and [...]
UBS to slash pay and bonuses August 26, 2008 Beleaguered bank UBS last night admitted it was planning on slashing its salary and bonus budget by billions of dollars, as it struggles to cope with the effects of the credit crunch. But a spokesman said that reports in Swiss newspaper Sonntag claiming that the payroll budget would be cut by $4bn were exaggerated, pointing [...]
