Mon 30th Mar 15, 17:44:54
Prime Minister David Cameron has said he wants to finish the job of turning around the UK's economy as he launched his election campaign, warning a Labour government would result in economic chaos.
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US stocks rallied on Monday, as investors remained buoyed by comments Federal Reserve chairwoman Janet Yellen made late on Friday. 4 hours ago
Shares in electric carmaker Tesla Motors rose on Monday, after group chief executive Elon Musk teased investors by tweeting that the company would launch a new product at the end of next month, but it will not be a car. 6 hours ago
A non-executive director at marketing group NAHL sold all her shares on Monday one week after the company posted a decline in profits for 2014. 10 hours ago
Annual results from B&Q owner Kingfisher will be in focus for investors on Tuesday, which come fresh off the news that the DIY retailer has abandoned its deal to buy French chain Mr Bricolage. 8 hours ago
Carnival: Numis upgrades to add with target price of 3,600p, Credit Suisse keeps at outperform, while Jefferies stays at underperform with 2,300p target. 7 hours ago
The London session belonged to technology, banking and mining stocks, with the latter getting a boost from news of further fiscal stimulus measures by China. 18 hours ago
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I know what you’re thinking; “Oh no, not another article about the FTSE 100 reaching 7,000”. Well, okay, yes it is. But it’s more of a story of how we got here and where we might be going.
Gold is one of the most widely traded precious metals instruments. It not only represents a commodity but is also considered by many a currency that trades fluidly against the US dollar.
Gold prices fluctuate based on the supply and demand for the precious metal, as well as rising and falling inflation expectations. Gold trades actively in the over the counter market as well as in futures format. Gold prices are quoted in US dollars per ounce.
Former trader Andrew Hecht, who spent 35 years on Wall Street with the likes of Salomon Brothers, Cantor Fitzgerald, HSBC and commodities hedge fund Global Advisors Ltd, writes about the issue of greed in the world of finance.
To many, the industry of finance is a culture built on greed and known for the scandals that this greed creates. As the bad behaviour continues, the anger of the masses grows, and more and more people wonder: are there any solutions?
One of the real-life Wolves of Wall Street, or Masters of the Universe, or Duke Brothers, depending on your film references, Michael Milken was apparently a major inspiration for the Gordon Gekko character in the 1987 film Wall Street (if you’ve not seen it, watch it, it’s great - and it’s on Netflix).
Low-rated bonds were viewed as just junk until Michael Milken’s bond trading division began to use them to generate huge profits for the investment firm of Drexel Burnham Lambert based on his MBA thesis that such previously disregarded securities were actually good investments.
The Eurogroup and Greece reached an agreement that prolongs Greece's bailout funds for another 4 months, provided Greece submits a list of reform measures.
So after all the wrangling, Finance minister Varoufakis ultimately agreed not to roll back previous reforms, refrain from unilateral action and accept IMF involvement, with troika oversight remaining in place in all but for the name.