FOREX ANALYST PICKS August 3, 2010 CURRENCY STRATEGIST ILYA SPIVAK My pick: Short euro-US dollar (pending market movement) Expertise: Global macro, classic technical analysis Average time frame of trades: 1 week-6 months Euro-dollar rallied after confirming an inverse head and shoulders in early July. Prices are poised to challenge resistance at $1.3266, the 76.4 per cent Fibonacci retracement of the 12 [...]
It’s not time to give up on the land of the free just yet August 3, 2010 THE tide has turned against the outlook for US growth. A flurry of weaker than expected data – culminating with economic growth data released last week, showing the pace of expansion had slowed from 3.7 per cent in the first quarter of the year to 2.4 per cent in the second – saw investors concerns [...]
FUND MANAGEMENT NEWS August 3, 2010 REAL ESTATE INVESTMENT INCREASES Pension funds ramped up their investments in real estate last year, the European Institutional Asset Management Survey (EIAMS) showed. At 6.6 per cent of investors’ total assets, real estate is now at an eight-year high. The survey showed that all sizes of investors increased their allocations to real estate, with medium [...]
THREE TOP-RATED US EQUITY FUNDS August 3, 2010 NEPTUNE US OPPORTUNITIES FUND Launched on 31 December 2002, Neptune’s US Opportunities fund has been managed by Felix Wintle since August 2005. Although it has underperformed the S&P 500 over the past year due to manager caution – 14.99 per cent compared to 25.96 per cent for the wider market – it has enjoyed robust [...]
China crisis as firms quit Aim August 3, 2010 REED SMITH BEFORE the onset of the economic downturn, there seemed to be no end to the approaches being received by London Aim advisers from Chinese companies seeking an admission to Aim. Since then, however, regulatory changes in China concerning overseas listings and the depressed nature of the world equity markets in 2008 and 2009 [...]
City should look to international arbitration August 3, 2010 HOGAN LOVELLS FOLLOWING the banking collapse of 2007 there was much speculation that disputes would increase as parties sought legal redress for a range of alleged wrongdoings including mis-selling, professional negligence and breach of contract. It is only now that data is starting to filter through as to whether this speculation was justified. Disputes, however, [...]
Safe & sound August 3, 2010 DRIVING along in the new Volvo S60, I am so engrossed in conversation with my passenger that I’ve completely taken my eyes off the road. This is why I don’t see a pedestrian in front of me. Fortunately, a sensing system at the front of the car automatically brings the car to a sudden stop [...]
CAR TALK August 3, 2010 PORSCHE’S GREEN LEAD Dreams can come true…Porsche has announced it will build its astonishing 918 Spyder concept for the road. The mid-engined plug-in hybrid super-sports car should have a top speed of 200mph and a 0-62mph time of just 3.2 seconds, yet should emit just 70g/km of CO2 with fuel consumption of around 94mpg. Its [...]
Torres vows to stay loyal in Kop pledge August 3, 2010 FERNANDO TORRES yesterday ended months of speculation about his future by pledging to stay with Liverpool. The £60m-rated striker had been linked with moves to Manchester City and Chelsea but has now reassured Reds fans that his commitment to Liverpool is as strong as ever. “My commitment and loyalty to the club and to the [...]
Blues edge closer to £17m Ramires deal August 3, 2010 CHELSEA are set to unveil Brazilian star Ramires as their new £17m signing today. The 23-year-old midfield ace will undergo a medical at Stamford Bridge this morning after the Premier League champions agreed a deal with Portuguese club Benfica. Right-sided Ramires, who has 16 caps for Brazil, is expected to put pen-to-paper on a four-year [...]
