Markets mustn’t ignore geopolitical risk May 25, 2009 FOR most investors, consumers and employees around the world, the only public policy debate that really matters is how to deal with the recession – understandably so, given the devastation it has already wreaked. In Britain, we are also seeking to rescue democracy from corrupt politicians. Yet while there is plenty to worry about at [...]
Keep an eye on geopolitics: it matters to the forex markets May 26, 2009 OPPORTUNISTIC currency traders have always been quick to price in oil price spikes, non-standard monetary policies and signs of green shoots, sending currencies up and down depending on the level of risk aversion in the markets. Risk appetite, or the lack of it, has been a major driver of currency movements since the start of [...]
Keep an eye on geopolitics: it matters to the forex markets May 26, 2009 OPPORTUNISTIC currency traders have always been quick to price in oil price spikes, non-standard monetary policies and signs of green shoots, sending currencies up and down depending on the level of risk aversion in the markets. Risk appetite, or the lack of it, has been a major driver of currency movements since the start of [...]
Hamilton snatches win, but stewards hand it to Massa September 8, 2008 Lewis Hamilton’s team McLaren last night vowed to appeal after the British driver was stripped of victory on a day of high drama at the Belgian Grand Prix. Hamilton looked to have increased his world championship lead over Ferrari rival Felipe Massa after taking the chequered flag at Spa-Francorchamps. But stewards ruled Hamilton had illegally [...]
Rwanda has a pop at France for genocide August 6, 2008 Rwanda formally accused senior French officials yesterday of involvement in its 1994 genocide and called for them to be put on trial. Among those named in a report by a Rwandan investigation commission were former French Prime Minister Dominique de Villepin and late President Francois Mitterrand. Kigali has previously accused Paris of covering up its [...]
Severn could face further Ofwat fines July 7, 2008 Severn Trent Water may face further financial sanctions that may run into millions from regulator Ofwat in the final act of the long-running saga over misleading data about its leakage rates. The water business, which services eight million people in the Midlands and Wales, became the first British utility firm to be convicted of criminal [...]
Brown’s latest bid to curb knife crime July 16, 2008 Up to 20,000 families will be given intensive support to help get their wayward children back on track as part of a £100m government plan to curb youth crime, the Home Office has announced. The widely trailed programme was unveiled amid mounting concern over knife crime following a spate of stabbing deaths in London. Opposition [...]
Milan sign Ronaldinho and pay £10m less than City bid July 16, 2008 Manchester City’s audacious attempt to sign Ronaldinho was finally killed off last night when AC Milan agreed a deal with Barcelona for the Brazil playmaker. Ronaldinho, who fell out of favour during his fifth season at Barcelona, will sign a three-year contract in Milan today after completing the routine medical examination. Milan have reportedly agreed [...]
West warns Iran over nuclear tests July 10, 2008 Iran test-fired nine missiles yesterday and warned America and Israel it was ready to retaliate for any attack over its disputed nuclear projects. Washington, which says Iran seeks atomic bombs, told Tehran to halt further tests. Iran says its nuclear programme is only for electricity. Iran’s missile tests rattled oil markets, helping crude prices to [...]