Sep 03 2013 @ 09:06
A couple of weeks ago I wrote one of my typically brilliant stories, only to see that my colleague, Tom Frew, wrote about the same story the very next day. I cautioned him that his “oversight” might be returned in kind someday. I mean, you never know about these things. Today, I return from a […]
Aug 30 2013 @ 09:51
Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; A big week for the markets with participants finally permitted to look away from the prospect of Fed tapering, if only briefly and for disturbing geopolitical and potentially military headlines regarding Syria, only to have to look back again […]
Aug 30 2013 @ 05:24
Pound Sterling The Pound spent most of the week softer against its peers as concerns over possible military action against Syria was the main driving force behind the markets. Tuesday’s session saw the Pound fall against the Euro following the release of positive data out of the Eurozone and as tensions over Syria saw investors […]
Aug 23 2013 @ 08:51
I can still remember when “Casual Friday” became all the rage. (You youngsters thought there was always a “Casual Friday,” didn’t you?) I know of one company where the “Casual Friday” expanded to five working days, so they instituted a “Tie Tuesday.” I got to thinking this morning that today might be an ideal day […]
Aug 23 2013 @ 06:45
Pound Sterling The Pound spent most of the week higher against its major peers and on Monday it continued to ride higher against the US Dollar and Euro thanks to last week’s positive economic data releases. House price data released in the afternoon showed that prices had fallen for the first time in six-months in […]
Aug 22 2013 @ 08:56
What is it about the U.S. Federal Reserve Bank that makes the Forex system flutter like a young girls eyelashes when a good looking young man passes by? I’m no Forex expert (thank you for reading anyway), but this monthly encounter between the world and Ben Bernanke is a lot like young love. It has […]
Aug 21 2013 @ 11:08
I moved to Rochester, New York, in 1970. The city’s population at that time was just over 296,000 according to the U.S. census. Sixty-five thousand people, nearly 22% of the entire population of the city worked for Eastman Kodak, the world’s leading manufacturer of cameras and film. My next door neighbor worked for Kodak. In […]
Aug 20 2013 @ 09:03
Glencore Xstrata (
LSE:GLEN) share price tumbled this morning after the mining behemoth reported a first half loss of $8.9 billion. The share price had dropped 1.49% and 4.20 pence by 1:00 pm, falling from 301.95 to 297.45. This is a far cry from last year when pre-Xstrata-acquisition Glencore reported a $2.3 billion profit. In fact, […]
Aug 19 2013 @ 08:53
The share price of the Royal Bank of Scotland (
LSE:RBS) had dropped from 343.6 to 339.3 as of 13:20 today. The consensus on the street is that the decline has come as the result of an statement by W&G Investments (
LSE:WGI). The statement was in reference to the government-mandated divestiture of 315 under-performing RBS branches. […]
Aug 16 2013 @ 10:23
Some rumors just won’t die. Or as a former CEO friend of mine used to say, “The best way to handle rumors is to ignore them.” But ignoring them in the financial news reporting business is probably an exception to the rule. In the stock market it’s the rumors and speculation that make things exciting. […]