Bleak outlook means that the yen is going to rise and rise August 18, 2009 JAPAN’S return to growth for the first time since the first quarter of 2008 ought to have been cause for celebration in the markets. Hot on France and Germany’s heels, Japan grew 0.9 per cent in the three months to June on the previous quarter, putting the annual rate at 3.7 per cent. But even [...]
AUSTRALIA WILL NOT RAISE RATES August 18, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT OVER the past several months, the Australian dollar has been the most appealing currency for the recovery trade. Unlike its G20 counterparts, the Australian economy barely felt the blows of the global recession, registering only one negative quarter of growth before rebounding in the second quarter to record a [...]
The beautiful game? It’s nothing without lawyers August 18, 2009 IT is hard to imagine the chant of “we love lawyers” rolling down the Kop, but as another season kicks off, football may be surprised to know that it owes the legal profession a considerable debt. It was a solicitor, Ebenezer Cobb Morley, who had the idea to form an organisation that became the Football [...]
THINK HARD BEFORE YOU GO INTO LAW August 18, 2009 SPEAKER’S CORNERDES HUDSONCHIEF EXECUTIVE, THE LAW SOCIETY NOBODY who reads the legal press can fail to have noticed recently that the legal profession is feeling the pain of the recession. Solicitors are facing tough times and there are fewer places for newly-qualified solicitors than there have been for years. Becoming a solicitor is still a [...]
A car for all seasons August 18, 2009 EPIC is the word. For a person who doesn’t much care for heights, I’m doing pretty well. I’ve just scaled the terra-pod, a 200ft metal version of a hill-climb. Despite the nerves, I made it to the top, having been told that it’s the best view ever when you get up there. But then it [...]
Goldman Sachs backs banks and helps to lift the markets August 18, 2009 THE FTSE 100 closed 0.9 per cent higher yesterday, led by gains in banks and miners which recovered from losses in the previous session, while data showed inflation held steady in July. The large-cap index closed 40.77 points higher at 4,685.78, recovering from a 1.4 per cent drop on Monday, its biggest one-day percentage loss [...]
Wall St boosted by upbeat retail giants August 18, 2009 US stocks rose yesterday, rebounding after sharp losses in the previous session, as better-than-expected results from big retailers encouraged investors to get back into the market. Results at consumer giants Home Depot, Target and department store operator Saks were helped by cost-cutting as revenue growth remained slack. The trend has dominated earnings season, but investors [...]
Lucky breaks usher Arsenal towards the Euro big time August 18, 2009 CELTIC (0) vs ARSENAL (2) ARSENAL manager Arsene Wenger insisted his side merited two large slices of luck that helped them take a huge step towards the Champions League group stage last night in Glasgow. The Gunners dominated at Celtic Park but only breached a resolute home rearguard, and took a stranglehold on this two-legged [...]
RFU could hit Richards with further punishment August 18, 2009 FORMER Harlequins boss Dean Richards, still reeling after being handed a three-year ban for faking an injury to one of his players, has been warned he could face further punishment. The Rugby Football Union says it will look into claims that emerged during Monday’s hearing that Richards, 46, had fabricated injuries on four previous occasions. [...]
Chelsea claw back to defeat Black Cats August 18, 2009 SUNDERLAND (1) vs CHELSEA (3) THE new Premier League season may be only four days old, but Chelsea, many pundits’ tips for the title, are already sitting pretty at the top of the table after rallying to sweep aside Sunderland. Black Cats summer signing Darren Bent gave the visitors a scare by pouncing to notch [...]
