Success in Asia is not a given March 1, 2010 BRITAIN’S largest insurer Prudential has sealed a deal to acquire American International Group’s Asian division (AIA) in a takeover that will place it at the heart of the growing Asian insurance market. The £23bn deal will not only give the Pru AIA’s 20m policy holders, but also unparalleled access to young Asian populations that only [...]
How to manage your wealth in 2010 March 1, 2010 HASSIUM ASSET MANAGEMENT YOGI DEWAN WE have seen a volatile start ot the new year, but whatever is happening in the markets, some things never change. When choosing what to do with your cash, the first thing to remember is always to focus on long-term wealth preservation. Growth comes a definite second. When managing your [...]
London rises as miners and energy companies set pace March 1, 2010 LONDON’S top share index rose one per cent yesterday as big gains from miners and energy stocks, boosted by firmer commodity prices, outpaced faltering banks following disappointing results from HSBC. The FTSE 100 closed 51.42 points higher at 5,405.94 points, having hit a five-week high earlier in the session of 5,420.83. The index has rebounded [...]
Wall St gains after Pru’s deal with AIG March 1, 2010 US STOCKS rose for a second straight day yesterday, boosted by AIG’s record-setting deal to sell a major Asian unit and on gains in semiconductor shares after SanDisk raised its revenue forecast. Hopes for an agreement to resolve nagging uncertainty surrounding debt-laden Greece also encouraged investors. American International Group jumped 4.4 per cent to $25.85 [...]
Use options spread bets to capitalise on volatile markets February 28, 2010 JUST as we thought everything had calmed down and the recovery was back on track, the markets have spent the first two months of 2010 being buffeted by events in the Eurozone, weather disruption and political uncertainty. Such volatility is unlikely to abate – there are elections on the horizon in both the UK and [...]
Profits can be made from jobs data February 28, 2010 AT 1.30pm on the first Friday of every month a quiet hush descends of the City, as financiers, traders and analysts await US non farm payrolls data (NFP). This single piece of data, which measures the number of jobs created by the economy each month, is regarded as the most important economic indicator in the [...]
CITY INDEX February 28, 2010 Q.Dear Josh, small cap shares can be very volatile. If I want to trade small caps, is it better to do so within a wider portfolio? A.First, it is good that you mentioned trading small cap shares as part of a wider portfolio. Having a portfolio can be an important part of maintaining a longer [...]
THE TIPSTER February 28, 2010 Oil continues to struggle around the $80 mark, after weak economic data in the UK. If western economies stall then demand for crude oil will fall, which will lead to lower prices. Another factor that could weigh on the oil price is weak employment figures in the US. As we approach the summer driving season, [...]
Traders look to Bank for rates guidance February 28, 2010 It is going to be an exciting week in the financial markets with the Bank of England and the European Central Bank scheduled to make monetary policy announcements. Rate decisions are always a big deal for stocks, bonds and currencies but now more than ever the outlook for these instruments will hinge upon the outlook [...]
Economic Diary February 28, 2010 DATA on Friday showing Britain grew by 0.3 per cent in the fourth quarter dampened speculation that the Bank of England would change policy on Thursday. Purchasing managers’ indices (PMIs) out this week for the UK should also confirm the continued rebound in the UK economy in spite of the disruption caused by the cold [...]