Wall St tumbles as Eurozone fears hit November 30, 2010 US stocks fell in a choppy session yesterday but showed resilience in the face of Europe’s debt crisis, recovering some of their losses on more encouraging signs from the US economy. The Eurozone’s troubles showed no signs of abating as news that Portugal could be downgraded reignited selling in a high-volume flurry at the close. [...]
Savvy traders can also benefit from dividends November 29, 2010 IN A world of high inflation, low growth and stock markets trading sideways, the investor is perpetually in search of ever-elusive income. Dividend income is understandably more appealing to the buy-and-hold investor community but the speculative trader should not ignore it either. Dividends can still play a part in the contracts for difference (CFD) trader’s [...]
Intermediate Capital on the hunt for banking sector assets November 23, 2010 BUYOUT lender Intermediate Capital Group said it would stay on the lookout for investment opportunities as banks, weakened by the debt crisis, look to shed assets. In August, Intermediate Capital bought a €1.4bn (£1.2bn) portfolio of European loans from Royal Bank of Scotland, and the company said yesterday that the sector would throw up further [...]
Inflation is like a hole in every saver’s pocket November 18, 2010 INFLATION is a global concern at the moment. In China, rocketing food prices have pushed up inflation to 4.4 per cent, prompting a 50 basis point rise in interest rates and a short crash in global equity and commodity prices. That must be galling for British savers – according to the Office for National Statistics; [...]
Expat expert: Potential offshore tax benefits November 18, 2010 Q.WHAT ARE THE POTENTIAL TAX BENEFITS OF BANKING OFFSHORE? A.An attraction of offshore banking could be the opportunity to receive gross interest since interest on offshore accounts is usually paid without the deduction of tax. This may be tax efficient for you, depending on the tax rules in the country where you are resident. There [...]
How to turn Cameron’s vision of an entrepreneurial decade into a reality November 18, 2010 DAVID Cameron has called on the nation’s “doers-and-grafters, inventors and entrepreneurs” to save us from our troubled finances. He’s not wrong. According to research commissioned by Enterprise UK, a rise of just one per cent in self-employment rates could boost the UK’s GDP by around 1.5 per cent and add approximately £22bn to the UK economy. [...]
Vodafone set to pay £350m in tax dispute November 15, 2010 VODAFONE was yesterday told it must pay £350m in relation to its Indian tax dispute within the next three weeks. The telecoms giant must also make a bank guarantee worth £1.2bn within eight weeks. Vodafone is embroiled in a legal battle with Indian authorities over a disputed capital gains tax bill relating to its 2007 [...]
BHP moves on from Potash takeover bid November 15, 2010 MINING giant BHP Billiton’s shares rose yesterday following its decision to abandon its hostile takeover of Potash Corp and begin a $4.2bn (£2.6bn) share buyback, as analysts pored over the world’s largest mining group’s next move. BHP’s London-listed shares closed 1.8 per cent up at £24.06, outperforming a 0.4 per cent gain in the FTSE [...]
Deutsche Postbank moves into profit November 11, 2010 BONN-based retail lender Deutsche Postbank unveiled a dramatic recovery in its third-quarter results yesterday, with pre-tax profit moving from a €29m (£24.5m) loss to a €71m gain. The bank is 41 per cent owned by Deutsche Bank. Nine-month earnings per share were up 25 per cent to €1 and the bank posted an improved tier [...]
FTSE 100 falls after gloomy import data and debt worries November 10, 2010 BRITAIN’S top share index fell to a one-week closing low yesterday, pressured by miners on fears over softening demand from China after downbeat import data, with worries about Ireland’s debt also darkening the mood. The FTSE 100 closed down 58.25 points, or one per cent, at 5,816.94. The index ended up 0.4 per cent on [...]