Eastern dragon threatens to bite September 17, 2012 IF YOU think that the world’s financial ills have all been resolved, think again. Lingering geopolitical tensions in the east have the potential to shake markets, and could sting traders if they are not positioned appropriately. THE DRAGON ROARS Today marks the anniversary of the invasion of Manchuria, when Japanese forces invaded a northern region [...]
Analyst picks for 18 September 2012 September 17, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long Aussie dollar-dollar Expertise: Fundamental and technical analysis Average time frame of trades: 1 day to 1 week The Aussie dollar-dollar failed to break out on Friday, with an inverse hammer pattern forming on the daily chart at the descending trend line. Given the Fed’s dollar debasement programme, we [...]
The locks lowdown September 17, 2012 FASHION moves so fast it is often hard to keep up. Gone are the days of the mods and rockers, collections being shown in the spring and the spring/summer 2013 collections having been broadcast across London only in the last few days, it all becomes very confusing. Should we be wearing autumn styles now or [...]
Business as usual at London Fashion Week September 17, 2012 British designers have achieved the balance between creative flair and commercial nous London Fashion Week has been another creative success – British designers know they have nothing left to prove on that front. But its success over the past few seasons is increasingly owed to its shrewd business acumen. Traditionally, the capital has been criticised [...]
Sberbank unveils £3.3bn stake sale September 17, 2012 Russian state bank Sberbank is to list in London this week in a $5.4bn (£3.3bn) share sale, it announced today. The sale of a 7.6 per cent stake in Sberbank, which is seeking a joint London-Moscow listing, has been held back for more than a year by weak financial markets. Russian stocks rallied by eight [...]
FTSE 100 slips after touching highs last week September 17, 2012 The main share index opened down this morning, as it retreated after touching six-month highs on Friday thanks to the US Federal Reserve’s annoucement of unlimited stimulus. Miners led the index down, as slowing growth in China forced base metal prices lower. Ophir Energy lost 4.06 per cent in early trading, despite it announcing better-than-expected [...]
Two South African mines reopen this morning September 17, 2012 Two South African mines suspended over the weekend reopened this morning, as labour unrest continues to swathe the country’s platinum belt in uncertainty. Aquarius Platinum shut its Kroondal mine over the weekend, while Xstrata’s chrome mine was also shut. Anglo American Platinum, the world’s largest producer of the silver metal, said its Rustenberg operations would [...]
Foreign truckers will be forced to pay to use roads in Britain September 17, 2012 FOREIGN truckers will be forced to pay to use British roads, under plans confirmed by the new transport secretary yesterday. Patrick McLoughlin said the measure is designed to redress the balance for UK hauliers, who must pay levies to drive through Europe. He told Sky News yesterday that “our companies are charged when they drive [...]
Smith & Nephew CFO joins Reckitt Benckiser September 17, 2012 Consumer goods firm Reckitt Benckiser has appointed Adrian Hennah as new chief financial officer. Hennah joins from Smith & Nephew, and will assume the position at the end of December, to replace Liz Doherty, who is stepping down next March. He has held the position of chief financial offer at the medical devices group since [...]
Shell delays search for oil offshore Alaska September 17, 2012 Anglo-Dutch oil giant Shell has delayed its drilling offshore Alaska until next year, after a piece of equipment used in the test was damaged. Shell, which has been drilling for oil and gas offshore Alaska in the icy Arctic sea, said today it would suspend drilling as a containment dome used to hold oil was [...]
