Rapid responses November 20, 2012 Practical pensions [Re: The Ostrich Generation, yesterday] I imagine that one of the main reasons young people are not placing much faith in the future of their pensions is their lack of confidence and certainty about the future more generally. If someone is in their mid-20s, three or four decades is a long way ahead. [...]
Japan’s election is likely to bring weakness in yen November 20, 2012 WHEN a stagnant economy meets a turbulent political environment, expect volatility. Traders spying an opportunity might want to cast their eyes to the Land of the Rising Sun, Japan. Over the last two decades, yen bears have been brutally battered as the currency has soared. Since 2007, dollar-yen has fallen by over 60 per cent. [...]
Being good helps business prosper November 20, 2012 How the Corporate Governance Code had some positive results IF YOU’RE prepared to spend up to £5,000, there’s still time to get front row seats to a celebration of 50 years of “the greatest rock and roll band in the world” – the Rolling Stones are playing at the O2 at the end of November. [...]
Ultimate luxury – but at what cost? November 20, 2012 How much is too much? How much should a flagship luxurious saloon car cost? What about the world’s most luxurious Jag? At £120,000, Jaguar’s XJ Ultimate isn’t cheap. Powered by JLR’s 5.0-litre V8 supercharged petrol engine, this limo is capable of 0-62mph in just 4.9 seconds and a top speed of 155mph. From the outside [...]
‘Tis the season at One New Change November 20, 2012 Working THE Christmas party circuit like a professional this festive season could give your career, social life and even relationship a helping nudge along if done with grace, style and panache. But let’s face it, it’s tough out there. The discerning society high flyer needs to look super sleek, knowing their Moët & Chandon from [...]
TOP TEN Etiquette RULES November 20, 2012 AS MUCH as the office Christmas party is something to look forward to, it can often be a bit of a mine field as far as etiquette is concerned but don’t worry, Debrett’s has every eventuality covered. Established in 1769, Debrett’s has long been recognised as the authority on British etiquette and its publications cover [...]
Former UBS trader jailed for seven years November 20, 2012 Former UBS trader Kweku Adoboli was convicted and sentenced to seven years in jail today for losing the Swiss bank $2.3bn (£1.45bn) in what is thought to be the biggest fraud in British history. Adoboli, a senior trader on the ETF desk at UBS, was accused of carrying out unhedged trades far in excess of [...]
Glencore shareholders back Xstrata merger November 20, 2012 Glencore shareholders voted overwhelmingly in favour of the merger with Xstrata this morning, paving the way for the £56bn commodity tie-up. More than 99 per cent of Glencore investors were in favour of the merger, which looks set to be voted through today. After nine months of negotiations, Xstrata investors are due to meet in [...]
FTSE 100 edges down as Moody’s downgrades France November 20, 2012 The blue chip index inched lower in trading this morning, as Moody’s downgrade of France stifled investor sentiment. On the FTSE All-Share, platinum miner Lonmin sank more than 40 per cent in early trading. Yesterday its shareholders voted through an $817m (£514m) rights issue at a general meeting. Pub group Punch Taverns fell almost four [...]
Bank of Japan holds fire on more easing November 20, 2012 The Bank of Japan kept monetary policy steady today, following two straight months of easing, despite growing calls for more stimulus. As expected, the central bank held off from expanding its asset-buying programme from 91 trillion yen (£704bn). In October, the BOJ said it would increase monetary stimulus by 11 trillion yen (£86bn) in a [...]
