After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Making money out of the East isn’t that easy November 10, 2010 DAVID Cameron is not having an easy time in China. Instead of idle rhetoric about trade and cooperation, Cameron’s visit has been overshadowed by human rights concerns, by global imbalances, and, perhaps most surprisingly, by a dispute over the symbolism of the poppy. China is one of the world’s most exciting countries, but it is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 9, 2010 FINANCIAL TIMES EX-CLINTON AIDE TO ADVISE NEWS CORP ON EDUCATION Joel Klein, the chancellor of New York City’s schools and former deputy White House counsel to Bill Clinton, is joining News Corp as a senior adviser to Rupert Murdoch, as the company looks to make investments in educational start-ups. ASIAN EQUITY HEDGE FUNDS OUTPERFORM Asian [...]
AUSSIE NOW VULNERABLE TO A SELL-OFF November 9, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT IN CONTRAST to last week’s wild gyrations in the currency market, this week promises to be considerably more sedate. After the Fed announced $600bn in additional QE and the better than expected US jobs report, the FX market turned very bullish with traders ploughing into high-yield currencies like the Australian [...]
Caledon shares soar on sale November 8, 2010 CALEDON Resources has agreed in principle to be bought by a subsidiary of Chinese investment group Guangdong Rising Assets Management (GRAM), sending the coking coal producer’s London-listed shares to their highest level in more than two years. The possible offer, which is subject to certain conditions including the recommendation of Caledon’s board and Chinese regulatory [...]
Stay bold and hold your gold: the peak is yet to be reached November 8, 2010 In 1931, as Great Britain crashed off the international gold standard, John Maynard Keynes was joyous. “There are few Englishmen who do not rejoice at the breaking of our gold fetters”, he wrote. Yesterday, Robert Zoellick, the head of the World Bank, an organisation that Keynes founded, seemed to be asking for the fetters back. [...]
There’s still no such thing as a free lunch November 7, 2010 MILTON Friedman said that there is no such thing as a free lunch, but even he might have been surprised by the cost of a meal today. World food prices have soared back up to levels last seen in the crisis of 2007-2008, leading some to warn of renewed food riots. Russia recently extended its [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 7, 2010 FINANCIAL TIMES DHL CHIEF PROMISES ACTION OVER BOMB FEARS The head of one of the three big air-express companies has reacted to the parcel bombs sent from Yemen and Greece by pledging better screening of customers and packages before they reach airports. “What we need to do is improve surveillance at the pick-up point, have [...]
Government to back Diageo China bid November 7, 2010 THE government will throw its weight behind Diageo chief executive Paul Walsh this week as the drinks giant bids for a controlling stake in one of China’s biggest spirits-makers. Diageo is awaiting clearance for the bid from Chinese authorities, with foreign takeovers usually viewed in a critical light. The coalition-led trade group arriving in China [...]
Growth in China on the cards at Boots November 7, 2010 HIGH STREET health and beauty retailer Boots hopes to make headway in China when its executive chairman travels to the country as part of David Cameron’s first official visit as Prime Minister. Stefano Pessina has reportedly organised talks with potential partners in Beijing and Shanghai while he is in the country, as part of a [...]
China offers to give help to Portugal November 7, 2010 PRESIDENT Hu Jintao said yesterday China will back Portugal’s efforts to deal with fallout from the world financial crisis, but stopped short of promising to buy Portuguese bonds as the debt-ridden country had hoped. “We are willing to take concrete measures to help Portugal cope with the global financial crisis,” he said after meeting Prime [...]