FOREX ANALYST PICKS August 2, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-sterling and Kiwi dollar-dollar Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week It doesn’t surprise me that the medium-term setups I laid out for euro-dollar, Aussie dollar-dollar and dollar-yen last week didn’t gain traction. Market conditions are extremely volatile and [...]
Beauty’s in the i of the beholder August 2, 2011 LAST week BMW flew hundreds of journalists from around the world into Frankfurt to show them the future of motoring, as illustrated by its new sub-brand ‘i’. And the future looks pretty impressive if the near-production cars BMW revealed are anything to go by. The German manufacturer showed the first two of its ‘i’ branded [...]
CAR TALK August 2, 2011 TOYOTA GETS GREEN PLAUDITS Toyota has been named the “world’s greenest brand”, according to a survey from Interbrand. The “Best Global Green Brands” survey takes into account environmental performance coupled with public perception of eco sustainability. Data was collected from the world’s leading markets, including the UK, France, Germany, Italy, USA, Japan, Brazil and India [...]
US consumer spending slips August 2, 2011 US consumer spending unexpectedly fell in June to post the first decline in nearly two years as incomes barely rose, a government report showed, suggesting economic growth could remain subdued in the third quarter. The Commerce Department said consumer spending slipped 0.2 per cent, the first drop since September 2009, after edging up 0.1 per [...]
Deutsche Post ups forecast August 2, 2011 Deutsche Post nudged up its 2011 outlook as it cut costs and garnered more customers seeking supply chain services. As the economy improves, manufacturers of machine parts, cars and other goods ramp up production and pay Deutsche Post to transport parts and finished products. Europe’s biggest express delivery and mail company said on Tuesday it [...]
BNP Paribas profits flat August 2, 2011 BNP Paribas has reported broadly flat profits of 2.12bn euros (£1.85bn) for the three months to the end of June. The French bank said its figures reflected the putting aside of 534m euros to cover its exposure to Greek debt. BNP Paribas holds the most Greek debt of any of the French banks, about 5bn [...]
Construction grows at solid pace August 2, 2011 Construction industry grew slightly faster than expected last month, a survey showed on Tuesday, in a sign of hope for the overall economy after a slew of weak indicators. The Markit/CIPS construction purchasing managers’ index ticked down to 53.5 points in July from 53.6 points in June, beating analysts’ expectations of a dip to 53.0 [...]
Xstrata profits surge by 30pc August 2, 2011 Xstrata came broadly in line with forecasts with a 30 per cent jump in first-half core profit and more than doubled its dividend, pointing to a stronger second half as its copper unit helps the miner recover from a flood-hit start to 2011. The fourth-largest UK-listed diversified miner – which last week unveiled production numbers [...]
Collins Stewart profits rise August 2, 2011 Mid-sized investment bank Collins Stewart Hawkpoint posted higher first-half profits, as growth at its wealth management division and Hawkpoint corporate advisory unit offset a dip in earnings at its broking arm. Collins Stewart Hawkpoint said pre-tax profits for the six months ending 30 June rose 29 per cent from the previous year to £8.4m. The [...]
CKI to buy Northumbrian Water for £2.4bn August 2, 2011 A consortium led by Hong Kong tycoon Li Ka-shing’s Cheung Kong Infrastructure Holdings has agreed to take over Northumbrian Water Group in an all-cash deal which values the British utility at about £2.41bn. In the biggest takeover this year of a British listed company, CKI said the consortium is offering to acquire Northumbrian at 465 [...]
