CONTRACTS FOR DIFFERENCE NEWS November 22, 2010 FOREX.COM BRINGS IPHONE APP TO THE UK Online trading provider GAIN?Capital’s FOREX.com has brought its American iPhone application to the UK, Japan and Russia. The application is built for the v2.0 version of the iPhone and will include all the features of the American mobile platform such as line and candlestick charting facilities, 40 currency [...]
BP to ramp up production of Russian gas November 22, 2010 RUSSIA’s third largest oil firm, TNK-BP, said yesterday it was to invest $3.8bn (£2.4bn) in its gas business over the next three years in a bid to more than double production to 30bn cubic metres (bcm) by 2020. The oil firm, which is half-owned by British oil company BP, will invest $1.8bn between now and [...]
CITY MOVES | WHO’S SWITCHING JOBS November 22, 2010 Huntsworth Group Global PR firm Huntsworth has added Colin Adams to its board as group finance director, replacing Tymon Broadhead. He has a background in media and joins from Bloomsbury Publishing, where has had been finance director since 1994. He also has three years’ experience on the investment committee of the creative capital fund. He [...]
Eurofighter group in talks with India November 22, 2010 A CONSORTIUM building the Eurofighter Typhoon jet may make India a partner in the project in return for a £7bn deal to supply the jets to its air force, it has emerged. The group including UK defence giant BAE Systems is thought to be ready to offer key data about the aircraft to India to persuade [...]
Cameron lends hand to England World Cup bid November 18, 2010 PRIME MINISTER David Cameron has embarked on a charm offensive after England’s ailing bid to host the 2018 World Cup suffered further blows yesterday. England is thought to have lost at least one vote, perhaps two, after governing body Fifa banned two top officials, Amos Adamu and Reynald Temarii over corruption allegations. To make matters [...]
Russia approves £20bn plan to privatise assets November 17, 2010 RUSSIAN Prime Minister Vladimir Putin yesterday approved a plan to sell 1 trillion roubles (£20bn) in state assets over the next three years to help plug a gap in the budget and lure investors. Russia’s leaders need cash as they struggle to get the country out of its worst recession in 15 years and ratchet [...]
THERE’S SCOPE FOR GOLD TO RISE FURTHER November 17, 2010 SENIOR ANALYST, ETF SECURITIES THE allure of gold is unmistakable in the current economic environment. Its attributes as a store of value have historically attracted investors during times of financial and economic uncertainty, and as a counter to inflation and sovereign risk. While inflation still appears a long way off, gold is being viewed as [...]
LISTED PRODUCT NEWS November 17, 2010 DB X-TRACKERS LISTS FOUR NEW ETFS Deutsche Bank’s ETF division db x-trackers announced on Monday that it had listed four ETFs in London that give access to key Asian emerging markets. These swap-based ETFs track the MSCI China, MSCI India, MSCI Malaysia and MSCI Thailand total return equity indexes. The all-in fees for the Malaysia [...]
Selfridges snaps up Dutch store November 16, 2010 RETAIL group Maxeda Retail Group B.V. said yesterday it has agreed to sell the Dutch luxury department store chain, De Bijenkorf – or “the beehive” to Selfridges Group for an undisclosed sum. The transaction is part of an overhaul of the Dutch non-food retail sector, with KKR’s Maxeda also selling the Hunkemoeller lingerie stores and [...]
SFO chief in vow to chase Russian fraud November 16, 2010 RICHARD Alderman, director of the UK Serious Fraud Office (SFO), has told the Anglo-Russian business community that his organisation will actively seek to exercise new powers worldwide in the global fight against corruption. Referring to new powers available to the SFO following the implementation of the Bribery Act in April 2011, Alderman told an event [...]