WHAT THE OTHER PAPERS SAY THIS MORNING August 15, 2011 FINANCIAL TIMES SINO-FOREST DELAYS PUBLICATION OF FRAUD REVIEW Sino-Forest, the Chinese forestry company fighting allegations of fraud, has delayed publication of its internal review into claims made by research outfit Muddy Waters that triggered a collapse in the company’s share price in June. An independent committee has presented an interim report to Sino-Forest’s board but [...]
Cornhill goes up in the foodie world August 15, 2011 The Door Oyster Bar & Grill 33 Cornhill, EC3V 3NG, Tel: 020 7929 1378 www.thedoor-group.com FOOD SERVICE ATMOSPHERE Cost per person without wine: £30 CORNHILL is such an atmospheric, iconic City street. It’s a shame, then, that the majority of its food and drink offerings are chains or chain-style affairs. Don’t get me wrong: Alphabet [...]
Modest gains forecast after a rollercoaster ride August 14, 2011 I AM not really sure where to start this week… and I think many traders feel the same; we know there are opportunities out there, some markets are looking over-valued, some looking cheap, but the sheer scale of the volatility swings witnessed in the past two weeks – the most severe since the collapse of [...]
Soy and grain futures rise as US warns on harvests August 11, 2011 FOOD commodities such as grain, corn and soybeans saw futures prices soar yesterday after the US government said months of bad weather would slash crop yields. The department of agriculture said droughts in corn-producing areas and heavy rain and floods in other parts of the US would cut crop sizes. The US report, based on [...]
King hints at more easing still to come August 10, 2011 MORE quantitative easing could be in the pipeline for the UK, after Bank of England governor Mervyn King left the door open for the programme dubbed “QE2”. Following hot on the heels of the Federal Reserve’s notably dovish statement on Tuesday, the Bank yesterday painted a gloomy picture of growth prospects and hinted at even [...]
FTSE recovery gains traction after Fed boost August 10, 2011 The FTSE continued its rally in early trading today after an unprecedented pledge by the Fed to keep interest rates low to stimulate economic growth encouraged investors. Wall Street rebounded yesterday setting the tone for markets across the globe. In tandem with positive export data from China showing a lift in July the move by [...]
Fed at war over fresh stimulus August 9, 2011 THE FEDERAL Reserve last night pledged to keep US interest rates at their “exceptionally low levels” until at least mid-2013, in a bid to stimulate the ailing US recovery. Yet three dissenters broke ranks from chairman Ben Bernanke (pictured) and his senior colleagues on the Federal Open Market Committee. Richard Fisher, Narayana Kocherlakota, and Charles [...]
UK shares rally after falling below the crucial 5,000 level August 9, 2011 The UK’s top share index the FTSE 100 bounced off 13-month lows yesterday ahead of the US Fed’s announcement, which dealers hoped would calm nerves over global debt and growth problems. The UK benchmark index rose 95.97 points, or 1.9 per cent, to 5,164.92, snapping a losing streak that has stretched back over the last [...]
FTSE bounces up but all eyes move to Fed’s announcement August 9, 2011 BRITAIN’S top share index bounced off 13-month lows yesterday, along with indexes across the Atlantic, as investors hoped an announcement by the US Federal Reserve would calm nerves over global debt and growth problems. “There has been some chatter that the Fed will bring forward the FOMC meeting to announce QE3 [quantitative easing] to the [...]
Wall St rebounds after volatile day August 9, 2011 US stocks rallied yesterday in a volatile session as investors struggled to decipher the Fed’s signals on the economy after a dizzying two-week slide. Buying accelerated into the close and the S&P 500 posted its best day in more than two years, following a drop of nearly 17 per cent over the past weeks. The [...]