Restraints on high frequency trading may hurt liquidity September 30, 2012 IT IS surprising that an event that took place in the US is causing a regulatory backlash in Europe. The now infamous 2010 flash crash, in which the Dow Jones plunged by about 9 per cent, is the main justification for various European regulatory initiatives against electronic market-making firms .These initiatives may, however, cause more [...]
As the euro crisis continues, could a country leave the single currency in the near future? September 30, 2012 YES Jonathan Loynes The recent reduction in the likelihood that one or more countries will leave the euro reflects the European Central Bank’s (ECB) pledge to do “whatever it takes” to save the single currency. But, there is still huge uncertainty over whether the ECB will follow up its words with decisive action. Problem countries [...]
Rapid responses September 30, 2012 The case of Estonia [Re: Estonia proves that it’s possible to cut spending and continue to grow, yesterday] While I envy Estonia’s finances and politics, its case merely proves that it’s possible to cut spending and recover from economic crisis if certain conditions are in place – and these are conditions that are almost entirely [...]
Questioning the need for life cover September 30, 2012 WITH the multitude of policies available, buying life assurance can feel like entering a labyrinth. Even many savvy personal finance buffs avoid the subject. Considering its morbid nature, one can see where they are coming from. But life assurance is one of the fundamental pillars of shrewd wealth planning, and avoiding the subject is one [...]
Three ways to save cash on costly London car insurance September 30, 2012 THE AA recently heralded the seizure of Britain’s millionth uninsured vehicle since 2005 – an average of 500 each day. Car insurance is, of course, a legal requirement for driving in the UK. But it’s also an expensive necessity. According to research by Moneysupermarket.com, London drivers face the highest premiums in the country. If you [...]
Victory! Spirit of Seve inspires historic European comeback September 30, 2012 EUROPEAN captain Jose Maria Olazabal paid an emotional tribute to the late Seve Ballesteros last night after his team stormed to an astonishing fightback to retain the Ryder Cup. The Europeans defeated their US counterparts in eight of yesterday’s dozen singles matches to turn a 10-6 deficit into an historic 14½–13½ victory. “Seve will always [...]
European golf’s greatest day September 30, 2012 That was European golf’s greatest ever day. America have come back before but that was in Brookline, that was at home. This, for Europe, was away. England’s Ian Poulter should be given an MBE for his magnificent, influential display. If he was in the transfer market, there wouldn’t be enough money in the entire world [...]
Indifference towards the World Twenty20 is almost inevitable September 30, 2012 THE Ryder Cup may have been the biggest show in town in Chicago over the past week but it certainly hasn’t been the only one. The White Sox have been playing baseball. Endlessly. Night after night in front of swathes of empty seats as the sport drifts aimlessly into becoming a kind of athletic Muzak [...]
Benched Bent has nothing to prove to Lambert after scoring Villa’s late derby day leveller September 30, 2012 ASTON VILLA 1 vs WEST BROM 1 ASTON Villa manager Paul Lambert was insistent that Darren Bent need not prove a point to him after yesterday’s late equalising goal concluded a period in which the striker was both stripped of the club captaincy and dropped. After West Brom’s Shane Long had given the away side [...]
India and Australia seal solid wins September 30, 2012 India stormed to an eight-wicket victory against Pakistan in the Super Eights in Colombo yesterday, recovering from Friday’s defeat to Australia in the World Twenty20 tournament. The Aussies, meanwhile, continued their strong form with an eight-wicket win against South Africa.
