FTSE up after week-long dip May 21, 2012 BRITAIN’S top share index halted a week-long slide yesterday, as investors stumped up the courage to buy in on the dips of badly beaten equities, although the murky outlook for global growth kept gains to a minimum. London’s blue chip index closed 36.86 points higher, or up 0.7 per cent at 5,304.48, having fallen 5.5 [...]
US stocks lift on Greek talks May 21, 2012 US stocks rose more than 1 per cent yesterday, with the S&P 500 snapping a six-day losing streak in a rebound from equities’ biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Sentiment improved after G8 leaders gave verbal backing for Greece to stay in the [...]
Blanket immunity for developing nations has stifled climate hopes May 21, 2012 THIS week, diplomats in Bonn must face up to a crumbling international consensus on climate change. United Nations negotiations stalled in Durban last December. Japan, Russia and Canada recently joined the US by walking away from an extension of the Kyoto Protocol’s emission cutting targets – while China, Brazil and India weren’t bound in the [...]
Companies don’t pay taxes – but employees, owners and customers do May 21, 2012 THIS WEEK sees the launch of The Single Income Tax – the final report of the 2020 Tax Commission. As one of the commissioners, I’m proud of the result: a 417-page blockbuster of thorough analysis and sensible, yet radical, reforms. A Single Income Tax would ensure that taxes were cut to 33 per cent of [...]
Eurobonds are an economic risk and a political dream May 21, 2012 THE idea of Eurozone countries pooling their sovereign debt in the form of Eurobonds re-emerges every time the euro crisis suffers another turn for the worse. Curiously, the idea’s chief proponent seems to be the UK government, which has made several interventions, stressing the need for the Eurozone to move to “fiscal burden-sharing”. This puts [...]
Does the Chelsea Flower Show represent a uniquely British forum for doing business? May 21, 2012 YES Nick Byrne The Chelsea Flower Show is one of those uniquely English events that people either admire or are puzzled by. Certainly, compared to the way business can be conducted in China, there are differences. China has a long tradition of hospitality, which has been translated into a more Western concept of corporate hospitality. [...]
RAPID RESPONSES May 21, 2012 Pernicious taxes [Re: Britain must embrace 30 per cent tax revolution to boost growth, yesterday] I agree with the Tax Commission’s findings on inheritance tax. Inheritance tax is a tax on capital, on money that has already been fully taxed as income or otherwise. It’s pernicious and destroys the UK’s capital stock to pay for current [...]
Going back to school to boost trading grades May 21, 2012 FOR those who wish to get a more robust foundation to their trading, there is no lack of offerings out there, no matter your experience. But where to start? Do you want the freedom of being able to study online or would you rather be face to face and gain hands-on trading experience. How much [...]
CHINA MAY NOT SAVE THE WORLD AGAIN AS MACRO DATA CONTINUES TO FADE May 21, 2012 SUNDAY night, as currency markets were preparing for yet another desultory opening of the week’s trade, marked by yet more stress in the Eurozone and a seemingly perfunctory statement from the G8 which was long on platitudes and short on any concrete policy measures, risk currencies did something unexpected – they rallied. Despite the gloom [...]
THE TIPSTER | ASOS hoping for a change of look May 21, 2012 ASOS took something of a beating when it released its trading statement last month, dropping 17 per cent. The hitherto-relentless growth in sales was revealed to have slowed somewhat, even though international sales continued to show excellent growth. ASOS has become a slave to its own excellent performance, and it will need a strong showing [...]
