CAREERS CLINIC October 28, 2009 JOANNA CROSSE, AUTHOR OF ‘FIND YOUR VOICE’ I’ve been promoted to a role that involves making regular presentations, but I’m no good at public speaking. How can I be more confident at making speeches? THE first mistake made by many people who are fearful of public speaking is thinking they have to be like someone [...]
The long arm of US litigation is reaching over the Atlantic October 27, 2009 A COURT case launched in New York this month by shareholders from England, France and the Netherlands against French media company Vivendi, alleging fraud, has struck fear into European executives worried that they too might find themselves on the receiving end of US litigation. It is rare for the American courts to allow foreign shareholders [...]
Be aware of the law if you are setting up on your own October 27, 2009 WHETHER or not the recession has come to an end is still up for debate but it is clear that, for some, the phoenix is already rising from the ashes. The latest stats indicate that the number of new applications for FSA authorisations in London over the last quarter equalled the number of cancellations, so [...]
BONUS GRAB WILL FACE LEGAL TEST October 27, 2009 PAUL LAMBDINEMPLOYMENT PARTNER AT STEVENS & BOLTON LLP THERE is growing anger in the City at the shadow chancellor’s suggestion that bonuses for this year should be limited to £2,000 in cash, with anything more paid in shares. This proposal is only possible because City bonuses are generally based upon the “discretion” of the employer. [...]
Real’s rise cannot be stopped by inflows tax October 27, 2009 SINCE 2007, we have been repeatedly told that the US dollar needs to weaken in order to rectify the global imbalances that were, at least partially, to blame for the economic downturn. But not everybody has welcomed the greenback’s recent decline. European officials have already been making noises about how the strength of the euro [...]
THE TIPSTER October 27, 2009 NORWAY’S Norges Bank has been widely tipped as the next central bank to raise interest rates thanks to rising inflation rates in the Scandinavian oil producer. Norges Bank’s decision is due at 1pm UK time on Wednesday. FX traders should look at going long on Norwegian krone-Japanese yen as the yen is expected to suffer [...]
Energy stocks keep the FTSE warm despite banking falls October 27, 2009 THE FTSE 100 gained 0.2 per cent yesterday, keeping level after a rally from heavyweight energy issues offset weakness in banks and mining stocks. The index closed 9.23 points higher at 5,200.97, after ending 1 per cent lower on Monday. The blue-chip index has gained about 51 per cent since hitting a six-year low in [...]
Profit taking hits Wall St after rally October 27, 2009 THE S&P 500 and the Nasdaq fell yesterday as investors booked profits following the stock market’s recent run-up, while a weaker-than-expected reading on a measure of consumer confidence raised doubts about spending. Technology and consumer discretionary shares fared worse than the broader market as investors sold recent winners. Baidu’s disappointing outlook added to the negative [...]
EURO HAS HIT ITS TOP, FOR NOW AT LEAST October 27, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT LAST week, after dramatic moves and countermoves in the currency market, the euro-US dollar pair finally broke through the critical 1.50 barrier. Business media ran a series of stories about the collapse of the dollar and everyone prepared for further declines. Yet despite all the hand-wringing, the dollar remained [...]
There’s no reason to be afraid of leverage October 26, 2009 LEVERAGE is often seen as a trader’s best friend but just last week, the Japanese Financial Services Agency announced a public consultation on proposals to limit leverage on contracts for difference (CFDs). The regulator has suggested that leverage would be limited to five times for shares, 10 times for equity indices and 50 times for [...]