A futuristic “art” hotel in Poznan replaces room keys with iPhones May 25, 2009 I AM standing in the middle of a dark hallway, pressing an application on an iPhone that is not mine. While I wait it’s saying something in Polish, which I hope is “opening door.” Cha-ching: a bleeping noise and the sound of a lock decoupling. I push into my room. This is not your average [...]
POLITICS CAN RARELY MOVE THE MARKETS May 25, 2009 When Richard Nixon was asked what he would be doing if he wasn’t President, he said: “Buying stocks on Wall Street”. One can only imagine the headlines. But it does raise the question, do politics and the markets ever mix? With our political system being dragged through the gutter will there be an effect on [...]
Traders should look to Asia for volatility and long-term bets May 25, 2009 WHATEVER Alistair Darling might be saying about V-shaped recoveries, in Europe and the US most of the talk is about a slow and protracted upturn. It’s otherwise in Asia, where economies are widely tipped to be the first to pull out of the global recession. There are three reasons for this: firstly, lower commodity prices [...]
Gilt prices on course to fall as UK public debt threatens credit rating May 25, 2009 MARKETS were rattled last Thursday when ratings agency Standard & Poor’s announced that it had downgraded its outlook on Britain’s AAA credit rating to “negative” from “stable” for the first time since October 1993. Lower credit ratings result in higher borrowing costs because the borrower is considered more likely to default on its debt. If [...]
THE TIPSTER May 25, 2009 RETAIL sales might have been under pressure during the downturn but last week’s bigger-than-expected rise and a flurry of good corporate results have boosted the outlook. Picks of the sector are Mothercare, Britvic and online retailer ASOS. Mothercare came out with some great results on Wednesday and although the shares look relatively expensive at a [...]
THE GLOOMY NEWS ISN’T ALL OVER YET May 25, 2009 THERE was a little corrective activity in the middle of last week, but the story this quarter for the S&P 500 has been positive: the index has notched up gains of over 11 per cent. But we shouldn’t start getting too excited just yet. The S&P’s gains sit uncomfortably with the gloomy rhetoric that is [...]
Nikkei to be dragged down by demand slump May 25, 2009 THINGS can’t get any worse for Japan, it seems. That at least is the view held by the Bank of Japan, which upgraded its assessment of the economy for the first time in three years, despite a record economic contraction in the first quarter of 2009. GDP data released last Thursday showed that the Japanese [...]
Boosting your immune system will help you make the most of summer May 25, 2009 TO the great vindication of blokes the world over, it seems that man flu may not be a myth after all. Research recently published found that oestrogen boosts the immune system, meaning that women are better able to fight off infection than men. Chaps, it seems, really do get iller and take longer to recover [...]
Horsey battles tragedy to lead at Wentworth May 21, 2009 ENGLAND rookie David Horsey battled against his emotions to enjoy a dream debut in the PGA Championship at Wentworth.Horsey, winner of last season’s Challenge Tour, is suffering personal turmoil with his mother battling breast cancer. But the 24-year-old from Cheshire still managed to make the most of the calmer early morning conditions to shoot a [...]
Clay success for Anne is Britain’s first in 26 years May 21, 2009 LONDONER Anne Keothavong became the first British woman to reach a WTA Tour clay-court semi-final in 26 years with a crushing victory in Warsaw. The 25-year-old thrashed Ioana Raluca Olaru 6-0, 6-1 to match the feat of Jo Durie in 1983. Despite two previous WTA semi-finals this year, Keothavong is bidding for a first-ever final [...]
