‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Even before CSR, good business schools were already ethical September 9, 2009 MY word is my bond”, is the motto of the London Stock Exchange. There is a reason that this notion is fundamental to the City. Without trust, there can be no business – on the most basic level, you have to be able to believe that the goods you have paid for will be delivered, [...]
Glistening gold gives ETF investors protection against future inflation September 9, 2009 EARLIER this week, gold powered through the psychologically important $1,000 an ounce level, rising as high as $1,007.45. December 2009 US gold futures rose to $1,009.4 per ounce. The rise in interest in gold has also caused ripples in the world of exchange-traded commodities (ETCs), where gold ETCs have seen the biggest inflows this year [...]
FIXED INCOME AND REGIONAL ETFS BOOMING September 9, 2009 NIZAM HAMIDHEAD OF SALES STRATEGY, ISHARES EUROPE IN WHAT has been a tough environment for many investment products, exchange-traded products (ETPs), which include both exchange-traded funds (ETFs) and exchange-traded notes (ETNs), have gone from strength to strength in the past year, recording net inflows of €41.2bn. During the financial crisis, investors have migrated away from [...]
Dutch rules to limit risk and pay at banks September 9, 2009 DUTCH banks will see their remuneration structures curbed and be required to obtain regular approval of risk strategies under a new voluntary code of self-regulation to begin on 1 January. The bank code follows a report in April on the future of the country’s banking system, after the collapse or near-collapse of a number of [...]
F&Cinvestment trust head celebrates FTSErelegation September 9, 2009 JEREMY Tigue, manager of the Foreign & Colonial Investment Trust, has taken the unusual step of welcoming the fund’s demotion from the FTSE 100 index this week. While most company bosses treat being part of the top-rank index of blue chip giants as a goal above all others, Foreign & Colonial (F&C) said Tigue has [...]
CNPC secures 30bn funding September 9, 2009 CHINA National Petroleum Corp (CNPC), parent of Asia’s largest oil and gas producer PetroChina, said yesterday it had secured a $30bn (£18.13bn) state loan to fund overseas expansion, as Beijing seeks to secure resources for the world’s fastest-growing major economy. The Chinese government, sitting on more than $2 trillion in foreign exchange reserves, has this [...]
Saudi minister: no oil sale cuts September 9, 2009 OPEC ministers were all but certain to leave output targets unchanged at a meeting late last night after the top exporter Saudi Arabia said there was no need for action. So far, none of the 12 Opec members has stated any need to cut production as prices are above $71 a barrel and signs of [...]
Clearstream loses EC case September 9, 2009 THE second-highest court in Europe yesterday upheld a ruling by the European Commission (EC) that Deutsche Boerse’s settlement arm Clearstream had abused its dominant market position. The decision by the Luxembourg-based Court of First Instance poured cold water on Clearstream’s appeal against a 2004 EC ruling that it took advantage of its market share by [...]
IG Group revenues surge as it attracts more customers September 9, 2009 SPREAD-BETTING firm IG Group saw revenues rise by 28 per cent in the three months to the end of August, as it enjoyed a 72 per cent increase in new accounts. Revenue rose from around £53m in the corresponding period of last year to £68m, thanks in part to the acquisition of FXOnline Japan. Excluding [...]
Boeing and Airbus see a return to growth in global cargo traffic September 9, 2009 BOEING expects global air cargo traffic to return to growth next year as economies in the US and China begin to stage a recovery, a senior executive at the aerospace giant said yesterday. Air cargo growth typically leads economic and passenger traffic growth by 3-6 months, Jim Edgar, Boeing’s regional director for cargo marketing, said. [...]
