One of the more vexing bullish runs in the currency exchange market over the past several months has been the stridently bullish move made by the British Pound against the U.S. Dollar. This move has likely confounded more than a few fundamental traders that expected Sterling to suffer at the hands of some of most dour economic news in the developed world. There is no getting around the fact that the global recession has cut deepest in the U.K. where financial institutions and the housing sector deteriorated at such an alarming pace that it made the same problems in the States look tame by comparison.
The Pound seemed to shrug off those issues as if they didn't exist. Trading below 1.40 in early March, GBP/USD rallied hard and fast to challenge an important psychological resistance level
British government plans to curb alcohol-fuelled violence by introducing plastic beer glasses in pubs a move which is unlikely to be popular the pub industry warned on August 24. The Home Office Interior Ministry recently commissioned a new design for plastic containers in an attempt to stop glasses being used...
If you're sifting the market's tea leaves for clues as to this week's inflationary trend, you'll not find much guidance ‘til you take stock of the U.S. dollar. The greenback was beat up this week by the euro, the Swiss franc and the Japanese yen. The only reserve currency that weakened against the dollar this week was the British pound.
Banks in continentalpe have strengthened finances through “strong earnings, benign markets, dividend cuts and some asset sales.” However unlike their British and American peers, they have neased their by issuance of shares. “So far this year, banks on the Continent have raised only $11.6 billion in new equity capital, compared with $48.3 billion in the U.S. and $26 billion in the U.K., according to figures from Dealogic.”
In the last few months, metals prices have skyrocketed from their 2008 lows, fueled in particular by Chinese demand. And the rise isn't limited to just the usual suspects, like copper and iron. Across the board, so-called prices of "specialty metals" have also climbed spectacularly, showing little signs of slowing down.
This is good news for investors, says Larry Reaugh, CEO of the Reaugh Group of Companies, a British Columbia-based trio of precious and base metals miners. With 44 years' experience in the mining industry, Reaugh knows his specialty metals. He's been directly involved in the mineral exploration, discovery and production of junior resource companies for more than two decades.
Efo Kodjo Mawugbe from Ghana and Erin Browne from the USA have been awarded the two top prizes in the BBC World Service and British Council International Radio Playwriting Competition 2009.
Prime Minister Gordon greeted the Muslim communities across the world on the occasion of the holy Ramadan."Today I wish you, your family, and all Muslim communities in the United Kingdo
Bahrain: Aluminium Bahrain (Alba)s commitment towards ensuring good health and safety at the work place once again received acclaim at the international level after the company recently won the British Safety Councils International Safety Award 2009 for the third consecutive year. [AMEInfo.com]
Yesterday I was emailed out of the blue by someone from an agency working with Virgin Media (VMED) on its "Powerful Stuff" campaign, and asking for feedback on the commercial embedded below. I personally think that with reviews it always pays to be careful what you wish for. As a piece of creative it's fine - nicely shot, etc., but it's an elaborately staged yet unimaginative pun (50 Megs, get it? Get it?). Cute, but pointless, and it does nothing to convey the sort of message this company should be telling regarding its competitive strengths.
Despite telcos' repeated attempts to make it something other than an enabling utility, ultimately broadband should be as sexy and thrilling as electricity, water or a tin of Ronseal. The benchmark of success is that it is.....
Director of International Institutions at the British Foreign and Commonwealth Office Anwar Choudhury calls on Prime Minister Sheikh Hasina at her office in the city on Thursday. Photo: PID
Former British high commissioner Anwar Choudhury yesterday said that question could be raised about the role of diplomats in the 1/11 changeover, but he had received a lot of messages praising his rol...
The British government is willing to share its old records and provide legal assistance to Bangladesh for the trial of war criminals for the sake of its fairness and neutrality, according to sources i...
Connexionz has exited its British operations by way of a management buyout and is focusing on expansion in the US.
The firm's British business, which provides vehicle tracking systems, has generated losses since 2006 due to a...
They call it Hermione Granger syndrome. Harry Potter's sidekick is the brains but not the hero, and women in the City of London - the British capital's financial district, which is also called the Square Mile or just the City - know...
Despite the financial problems facing its T&T-based parent, CL Financial, the chief executive officer of British American Insurance Company in Barbados has reported that the company continues to register growth.
The Abu Dhabi Securities Exchange (ADX) General Index added 7.07 points, closing at 2,762.86 digits. Despite losses at market bellwethers Abu Dhabi National Energy Company (Taqa) and Aldar Properties (whose shares closed 2.53% and 2.20% lower at Dhs1.52 and Dhs3.93, respectively), advances in the industry segment kept the market up. International Fish Farming Holding Co (Asmak) posted the biggest gain, ending 10% higher at Dhs23.10. Today, Aaabar Investments (off 2.16% at Dhs2.25) announced that it will invest $280m and take a 32% stake in Virgin Galactic's holding company, founded by British billionaire Sir Richard Branson. Virgin Galactic aims to provide spaceship tours for tourists from 2010 on.
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