The 10,000 mark means it’s time to short the Dow October 18, 2009 EQUITY bulls must have felt rather smug last week when the Dow Jones Industrial Average (DJIA) broke through 10,000 on the back of bumper profits from investment banks JPMorgan and Goldman Sachs. Good results from Google, Intel and IBM also added to the market optimism that has been fuelling the index’s meteoric rise. The third [...]
Ton-up Shane is the Aussie hero again October 5, 2009 SHANE WATSON smashed a second successive unbeaten century to help Australia retain the Champions Trophy with a six-wicket victory over New Zealand in Pretoria last night. Fresh from his brilliant 136no in the semi-final against England on Friday, the Aussie all-rounder was the hero again, smashing a masterful 105no in response to the Black Caps’ [...]
Ton-up Shane is the Aussie hero again October 5, 2009 SHANE WATSON smashed a second successive unbeaten century to help Australia retain the Champions Trophy with a six-wicket victory over New Zealand in Pretoria last night. Fresh from his brilliant 136no in the semi-final against England on Friday, the Aussie all-rounder was the hero again, smashing a masterful 105no in response to the Black Caps’ [...]
Black Caps end England’s purple patch September 29, 2009 ENGLAND captain Andrew Strauss shrugged off his side’s emphatic defeat to New Zealand, insisting it would have no bearing on their Champions Trophy chances. The Black Caps’ four-wicket victory in Johannesburg ensured they reached the semi-finals by winning Group B and consigned England to their first loss of the tournament. Already assured of a last-four [...]
RAPPER WARREN G SWAGGERS HIS WAY OUT OF THE ECONOMIC MESS September 28, 2009 OH, THE joy of listening to celebrities wax lyrical about how they’ve attuned their jet-set lifestyle to the rigours of the global recession. This week, it’s rap superstar Warren G, rapper on the 1994 track “Regulate”, who has given a no-holds-barred interview to Vanity Fair magazine about how he’s managed to emerge unscathed from the [...]
Profit-taking sends US indices lower August 10, 2009 US STOCKS fell yesterday as investors booked profits following a four-week rally that took the broad S&P 500 index to a 10-month high on Friday. The drop comes ahead of an abundance of economic data due this week, including the Federal Reserve’s statement on interest rates and the economy, as well as government figures for [...]
SANTANDER CHIEF BREAKING CITY HEARTS WITH HIS EXOTIC CHARM August 3, 2009 WHILE all the big British bank bosses are pitted against each other this week in terms of first-half profits, Spanish bank Santander’s UK boss António Horta-Osório has been enjoying the glory of a rather more frivolous accolade. Horta-Osório became chief executive of Abbey in August 2006, after long stints at the helm of the bank’s [...]
Banks gear up to report on the first half of a tough year August 2, 2009 The market’s attention is likely to be dominated this week by the banks, which will be reporting their first-half results during the five days. But there will be plenty more for investors to sink their teeth into, with insurers, bookmakers and industrials all on the radar too. Barclays and HSBC kick the week off this [...]
NO SIGN OF A TRUCE IN BATTLE OF BROKERS July 21, 2009 THE long-standing tustle between inter-dealer broker Tullett Prebon and BGC Partners looks set to rumble on well into the autumn. Tullett is currently leading a High Court battle to stop its rival pinching any more of its staff. The pair have been at loggerheads since last year, when former Tullett chief operating officer Tony Verrier [...]
PWC BOYS SWAP THEIR DESKS FOR A DASHBOARD AND HIT THE STANS July 19, 2009 AS YOU reluctantly get your engine running on this Monday morning, spare a though for Tom Henry and Simon Todd of Pricewaterhouse Coopers’ London Assurance team who are in the early stages of a long and gruelling 10,000km drive from London to Ulaanbaatar, Mongolia. Because yesterday the PwC team swapped their desks for the dashboard [...]