Analyst picks for 13 November 2012 November 12, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long Aussie dollar-yen, euro-dollar and gold Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days New trades were initiated on Friday, with the intention of looking for 1 to 2 per cent bounces from each. Although the risk environment has been [...]
A furniture retailer who rejects the high street November 11, 2012 I MEET Ning Li at Made.com’s new showroom in Notting Hill. I’m assured it’s not the online company’s first step towards being just another high street furniture retailer, but a new way to “engage with customers”. Indeed, Li believes Made.com’s success hinges on its deliberate avoidance of the high street for exclusively online retailing. Growing [...]
Chinese leader cheers growth but talks down possible reform November 8, 2012 CHINA’S outgoing President yesterday talked down the prospect of political reform as he prepared to hand over the reins of the country’s ruling Communist Party. Hu Jintao said in a party summit speech that the world’s second-largest economy has “held high the great banner of socialism with Chinese characteristics and neither taken the old and [...]
Lenovo defies gloom to become world’s biggest PC manufacturer November 8, 2012 CHINESE computing behemoth Lenovo recorded a 10 per cent increase in PC shipments in the three months to the end of September yesterday, a boost that is expected to mean it has overtaken Hewlett-Packard (HP) as the world’s biggest PC manufacturer. The company, which has been rapidly gaining market share as US and Japanese rivals [...]
What the other papers say this morning October 31, 2012 FINANCIAL TIMES Small TNK-BP investors left in doubt Igor Sechin yesterday added to concerns about investor rights in Russia when the Rosneft chief executive said the state-controlled oil group had no obligation towards minority investors in TNK-BP. He was speaking as Rosneft moved ahead with plans to buy TNK-BP, Russia’s third-largest oil producer, in a [...]
What the other papers say this morning October 30, 2012 FINANCIAL TIMES Google and Starbucks face grilling Google and Starbucks will be subjected to parliamentary scrutiny over their tax affairs on Monday with the public accounts committee demanding the two US corporate giants give evidence. The committee has agreed to call in the two companies to give evidence at a session into Revenue & Customs [...]
What the other papers say this morning October 29, 2012 FINANCIAL TIMES Lloyds to axe sales incentives Lloyds Banking Group has launched a scheme that scraps all incentives linked to product sales in the latest attempt to clean up bad practices that have been blamed for causing misselling scandals. Chinese banks flee London’s rules China’s largest state-owned banks are moving big chunks of their European [...]
UK ministers are failing to support business tourism October 28, 2012 DAVID Cameron recently said that, in the global battle to win jobs and contracts, he believes in leading from the front. It’s fighting talk but, when it comes to winning work for our major export businesses, Cameron and his ministerial troops are regularly absent without leave. Tourism, and that includes business tourism, is a vital [...]
WPP expands growth in China October 23, 2012 ■ Advertising giant WPP has continued its expansion into China with the purchase of communications agency ArtM. The Beijing firm, which has offices in three other major Chinese cities, will be absorbed by WPP subsidiary Grey. The acquisition is the latest Chinese buy from WPP, which counts the country as its third-largest market. ArtM’s price [...]
Europe will become ever less relevant as century progresses October 23, 2012 ONCE again, the political establishment is debating Europe, and what Britain’s place in it should be. To me, the answer is straightforward: Europe will become increasingly irrelevant to the global economy as the century progresses, a tragic development which will see one of the world’s great civilisations increasingly marginalised culturally and geopolitically. Those who still [...]