Emerging bonds are a good bet this year May 11, 2010 LOW interest rates have been one of the less attractive aspects of holding developed market debt in recent years. But after recent events in Europe you can now add sovereign risk to that list. Investors who want a safer fixed income alternative should look at bond funds in emerging markets. It’s not that long ago [...]
Mancini set to kick off summer spree with £11m Boateng deal May 10, 2010 MANCHESTER CITY boss Roberto Mancini is to kick off his summer spending spree with the signing of German international Jerome Boateng in an estimated £11m deal. Mancini has been tracking the 21-year-old Hamburg star for some time and now looks set to finally get his man now that the English and German domestic seasons are [...]
AB InBev boosted by Brazil May 5, 2010 Brewer Anheuser-Busch InBev earned more than expected in the first three months of 2010 as beer sales grew in booming Brazil but said World Cup marketing costs would hit second-quarter profits. The brewer of Budweiser, Stella Artois and Beck’s said yesterday core like-for-like earnings rose 5.1 per cent in January-March to $3.09bn (£2bn). AB InBev [...]
Making returns on the Russian rouble just got a whole lot easier May 4, 2010 AT THE end of last week, the Russian central bank chose to cut interest rates by 25 basis points to encourage loan growth and stimulate the economy – despite mounting concerns about inflationary pressures. Bank Rossii has been making it increasingly clear that the monetary easing cycle is now slowing. Indeed, finance minister Alexei Kudrin [...]
GOLDMAN, GOLD AND GOLDILOCKS May 3, 2010 CFD MARKET STRATEGIST, GFT OVER the past week, a number of big stories have jostled each other off the front pages. The Greek debt crisis went critical and the odds of European contagion shortened after ratings agency Standard & Poor’s downgraded Greece, Spain and Portugal. On Friday it was reported that Goldman Sachs may face [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 29, 2010 FINANCIAL TIMES STEEL INDUSTRY SET FOR A ‘NEW VOLATILITY’ Lakshmi Mittal warned yesterday that the impending large rise in the costs of iron ore would lead to “new volatility” in the steel industry by pushing up prices of the metal in a development that could harm the competitiveness of some of ArcelorMittal’s European plants. The [...]
ENI to approve EDF entry into South Stream April 29, 2010 Eni should approve French utility EDF’s entry to its South Stream gas pipeline venture within weeks, giving a boost to the mammoth project which had appeared to be stalling as gas prices plunged. Eni chief executive Paolo Scaroni yesterday said the allocation of a stake to EDF did not necessarily have to be equally split [...]
Pernod Ricard bullish for 2010 as duty-free thrives April 29, 2010 FRENCH drinks group Pernod Ricard lifted its full-year profit target as it posted third-quarter sales above forecasts and said key markets such as the United States, Russia as well as duty free had improved. Pernod’s comparable third-quarter sales in North and South America combined rose three per cent, in Asia and the rest of the [...]
Iron-clad entertainment April 29, 2010 Film IRON MAN II Cert: 12A Compared to the brooding darkness of the Batman films or the commercial cynicism of the Transformers franchise, 2008’s Iron Man was a breezy joy of a blockbuster, and so is its sequel. It may lose the thread of its plot from time to time, and the final showdown is [...]
Shell profits soar on high crude prices April 28, 2010 OIL major Royal Dutch Shell, yesterday announced a 49 per cent rise in profits on the back of higher oil prices and growth in production. Europe’s largest oil producer said earnings on a current cost of supply basis, were $4.9bn (£3.2bn) for the first three months of the year, up from $3.3bn in the equivalent [...]