Archive for May 6th, 2010

Make no mistake about Greece being an isolated incident of little consequence. The situation in Europe needs a firm hand just to avoid a catastrophe, and after that constant nurturing to prevent a prolonged malaise. Lindsay Williams chats to a top fund manager.
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After a month of exhausting, fascinating, and sometimes absurd campaigning, the 3 major poitical parties in the UK are at the mercy of the populous. Lindsay Williams debates the outcome with the political editor of the Telegraph in the UK, and an investment strategist at Investec Asset Management in… »

David Cameron has the keys to No 10 almost within his grasp, with the final poll of the campaign for The Times indicating that the Conservatives will make sweeping gains from Labour.

But the Conservatives cannot yet be sure of winning an overall Commons majority unless they perform even better in key Labour marginals to… »

(Reuters) - It’s axiomatic on Wall Street that summer is a bummer. Stocks tend to do well in the winter and spring, and then go cold when the weather gets… »

Asian stocks dropped for a fourth day, the longest losing streak since January, and the cost of insuring against defaults gained to the highest level in almost three months on concern Europe’s debt crisis will slow the global recovery. The euro weakened to a fresh 13-month low…. »

RIOTS, petrol bombs, tear gas and strikes greeted the Greek’s government’s latest attempt to persuade its citizens of the merits of reducing the country’s budget deficit. In Athens demonstrators stormed up to the very steps of the parliament building, where an austerity plan was about to be debated, calling on the parliamentary “thieves” to come… »

FEARS that the eurozone debt crisis will spread continued to take their toll on Asian markets Thursday, as stocks fell and the euro hovered near one-year lows following deadly riots in… »

— Crop Estimates Committee releases Winter: finalisation of 2009 crop.
— Stats SA releases March electricity generated stats.
— Sovereign Foods releases annual results (approx date).
— Mondi holds AGM.
— Bell Equipment holds AGM.
— Municipal Infrastructure Summit until May 7.
— Randgold Resources releases Q1 results.
— Coronation Fund Managers releases interim results.
— Stats SA releases Manufacturing: Utilisation of production… »

TOKYO (MarketWatch) — The euro fell to a fresh 14-month low against the dollar in Asia Thursday as riots in Greece fueled investor concern that the nation can’t implement fiscal reform steps smoothly and may face higher default risk.

Three people were killed during demonstrations in Athens Wednesday in protest against the government’s spending-cut and tax-hike… »