LISTED PRODUCT NEWS October 6, 2010 AMUNDI LISTED TWO ETFS IN PARIS European ETF provider Amundi this week expanded its product offering by launching two new funds on the Paris stock exchange. The first gives investors exposure to around 20 stocks in the European energy sector and replicates the performance of the MSCI Europe Energy index. The second tracks the EuroMTS [...]
FUND MANAGEMENT NEWS September 21, 2010 NEW CHINESE ESG INDEX LAUNCHED Provider of sustainability ratings and indexing solutions ECP International has teamed up with China Securities Index to create the CSI ECPI China Environmental and Social Governance 40 Equity Index. The first of its kind, the index identifies the 40 highest ESG-rated companies amongst the Chinese SSE180 Corporate Governance Index and [...]
Battling Jesus and Poker Gods in WC2 September 20, 2010 RAISE 2,000,” I say, and toss my chips on to the table. My face is carved from granite, but my heart thumps so loudly it could start its own drum ‘n’ bass label. In any big poker tournament there’s always one Table of Death, the one table where all the top pros happen to be [...]
WALL STREET WEEK AHEAD September 5, 2010 US stocks could start this week with investors feeling a bit more optimistic about the economy, due to a stronger-than-expected jobs report, making further market gains more likely. Friday’s nonfarm payrolls report was the latest of the week’s data to suggest the economy may not be headed for another severe downturn, as many investors have [...]
Manhattan’s new breed of design hotels August 22, 2010 YOU could argue that New York does hotels better than any city in the world. Historic luxury landmarks, hipster crash-pads, fashionable design hotels, groovy boutiques, high-tech business places – it’s got more, and better, examples of each than pretty much all of its rivals. But even the best needs a shake up. The Big Apple [...]
Saudis grant RIM reprieve on BlackBerry August 10, 2010 BlackBerry maker Research In Motion (RIM) yesterday won a reprieve from a threatened ban in Saudi Arabia as authorities said progress was being made on addressing their concerns. The company’s biggest Gulf market with 700,000 users, Saudi Arabia had threatened to ban the service last Friday before giving RIM until Monday as it worked with [...]
Panic over a new global food crisis is over-egged August 9, 2010 TRADERS have been watching wheat markets breathlessly over the past few days as the grain bounced up and then down. Having gained 8.08 per cent last Thursday – up 80 per cent on prices in the middle of June – the grain plummeted on Friday, wiping out much of Thursday’s gain to end the day [...]
Taxpayers to make £19bn from bailout August 4, 2010 TAXPAYERS stand to make a profit of £19bn if the government’s stakes in Lloyds Banking Group and Royal Bank of Scotland are wound down over the next five years, according to an independent consultancy. The Centre for Economic and Business Research (CEBR) made its prediction as the state’s exposure to Lloyds moved into the black [...]
Dana to meet Korean suitors and pave way for £1.7bn deal August 1, 2010 LONDON-listed oil explorer Dana Petroleum and would-be buyer Korea National Oil Corp have agreed to meet, ending a tense stand-off between the two sides, a source familiar with the matter said yesterday. Dana and KNOC are scheduled to hold a meeting this week, the source said, in what will be the first direct talks between [...]
Bradford & Bingley back in the black July 30, 2010 Bradford & Bingley, the mortgage lender which was nationalised after running into problems during the credit crisis, said on Friday it had swung to a first-half profit after making a loss a year earlier. The bank reported a pretax profit of £896m for the six months ending June 30, having made a loss of £160m [...]