Wall St suffers third straight drop after late slide May 15, 2012 US stocks fell for the eighth day in the past 10 yesterday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session. The S&P 500 fell for the third straight session as attempts to form a government in Greece [...]
Radical drug development makes life sciences a healthy investment May 15, 2012 IN THE past two years, I’ve spent most of my time researching what I consider to be the most exciting area for investment in the next decade – life sciences, particularly novel drugs. The reason all investors should be excited about what might loosely be called biopharma has a lot to do with advances in [...]
Why personal choice in smoking or sex is the only measure that matters May 15, 2012 SAUDI law prevents women from revealing their body in public. This prohibition is intended to protect Saudis from the lustful impulses that the Saudi authorities believe would overwhelm men if they saw a woman’s forearm or ankle. Fornication must not be encouraged. Few people in Britain believe that fornication is something its voluntary participants need [...]
Wider contagion remains greatest risk of Greek exit May 15, 2012 SOME form of Eurozone break-up seems more and more likely. Austerity can’t work without growth, of which there is no prospect for the Eurozone’s peripheral economies. With recessions set to deepen, fiscal targets will become even more difficult to achieve. It is now close to a consensus view that political deadlock in Greece will mean [...]
Is JP Morgan’s recent $2bn trading loss a reason to strengthen banking regulations? May 15, 2012 YES Tony Dolphin The $2bn (£1.24bn) trading loss at JP Morgan is bad news for its shareholders, bad news for its employees and bad news for its senior executives. But, so far, US taxpayers have not lost a cent. So why does it advance the case for tougher financial regulation? Because if this can happen [...]
RAPID RESPONSES May 15, 2012 Premier play things [Re: Do we need rules to stop football teams buying success?, yesterday] I am a Chelsea boy, so it’s no surprise that my answer is no. If a billionaire decides he wants to buy a football club, let him. If that means that the club gains an advantage, tough. Man U has [...]
Join City A.M. next week for our special trading event May 15, 2012 IN EUROPE, as well as globally, retail and institutional investors have been steadily embracing the use of exchange-traded funds (ETF). The move to ETFs is being driven by several factors: 1) ETFs offer a toolbox: providing diversified, liquid, transparent and cost-efficient benchmark exposures in a fund structure to a wide array of asset classes and [...]
MEET THE PANEL: LISTED PRODUCTS MASTERCLASS 11.30AM – 12.20AM, 24 MAY May 15, 2012 There has been huge interest in exchange-traded funds (ETF), covered warrants and other listed products over the past few years. Retail investors now have more freedom to trade commodities such as gold, silver and oil as well as indices such as the FTSE and Dow. Our panel will debate the merits of this exciting new [...]
For London 2012 a marketing firm is both service provider and client May 15, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 72 DAYS TO GO Q What was your brand’s primary reason for being involved with the Games? A The task of marketing the London Olympic Games has been described as the biggest assignment in UK marketing history. For a group of agencies to collectively and collaboratively be able [...]
With chief executives toppling – the shareholder is king this spring May 15, 2012 IT’S been four years since the darkest days of the global financial crisis, but its reverberations continue. From all sorts of different stakeholders, numerous reports and reviews have been launched to look into the causes of the crisis and there have been plenty of recommendations for reform to prevent lightning from striking twice. Up until [...]
