Making the CUT in style September 19, 2011 CUT 45 Park Lane, W1K 1PN, www.45parklane.com, 020 7493 4545 FOOD **** SERVICE *** ATMOSPHERE **** Cost per person without wine: £70 IN the past, finding high-quality steak in London meant ordering plump filet mignon in a superior French restaurant and hoping the chef knew what to do with it. That’s all changed in the [...]
Stocks to rise on Fed expectations September 18, 2011 AN apparent uptick in confidence over Europe’s future is set to take stock markets higher this morning, underscored by Wall Street closing up on Friday for a fifth successive day, combined with hopes of further impending action from the Federal Reserve later this week. GFT quotes two-way prices on stock indices around the clock, even [...]
WALL STREET WEEK AHEAD September 18, 2011 WALL Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the Eurozone debt crisis if US stocks are to build on their best week since early July. Investors expect the Federal Reserve to take steps to pull down long-term interest rates when policymakers meet [...]
BILL OF THE WEEK September 18, 2011 SIX SQUARE Mile brokers spent last Tuesday afternoon locked in back-to-back meetings – a lengthy lunch meeting at The Door Oyster Bar & Grill on Cornhill, that is, where the party remained until 6.30pm in the evening. The steak and oyster specialist is a new addition to the Square Mile dining scene, so the diners [...]
MELTDOWN MONDAY THREE YEARS ON: THE EVENTS OF 15 SEPTEMBER 2008 September 16, 2011 ON 15 September 2008, global markets were thrown into panic mode as US investment bank Lehman Brothers filed for bankruptcy after failing to secure a rescue sale. The announcement kicked off a day of unprecedented corporate chaos in the US – by late morning, Bank of America had agreed to buy struggling Merrill Lynch, and [...]
Unhappy States as prices rise September 16, 2011 A MEASURE of financial misery is up in the US, according to figures out yesterday showing unemployment and inflation on the rise. Annual Consumer Price Index (CPI) inflation increased to 3.8 per cent. That figure is added to the unemployment statistics – currently 9.1 per cent – to create the “misery index”, which now stands [...]
Selfish City are stalled on their big night September 14, 2011 MANCHESTER CITY (1) vs NAPOLI (1) MANCHESTER CITY manager Roberto Mancini accused his players of putting personal glory before the team after Napoli held the Premier League pace-setters to a draw on their Champions League debut. City needed a free-kick from Aleksandar Kolarov to rescue a point from their first match against Europe’s elite for [...]
MBA students go gaga over lessons from pop stars September 14, 2011 LOOK along the business books section in a bookshop and you will find many tomes that promise to teach you how to invest like Warren Buffett or to learn from Bill Gates how a start-up can turn you into a billionaire. But alongside those you will also find another sub-genre of books that promise to [...]
FOREX ANALYST PICKS September 13, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Long dollar-yen above ¥77.75 Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Conditions are not very favourable for intermediate swings for either euro or dollar-based pairs. For the euro, the progress of the region’s crisis is a constant battle between market [...]
OBAMA’S JOB PLAN BRINGS CALLS FOR QE3 September 12, 2011 AT THE end of last week, investors were digesting President Obama’s proposed $447bn jobs package. This was significantly bigger than the $300bn expected, and the hope is that it will encourage firms to start hiring again. But everything comes with a cost, and savings will have to be made elsewhere. The President has passed these [...]