The new iPhone that Apple Inc. is expected to unveil this year is likely to have a larger display than its current models have, with the company ordering bigger screens from its Asian suppliers, people familiar with the matter said. The new screens measure at least 4 inches diagonally, the people said, compared with 3.5 inches on Apple’s…
Japan’s Q1 GDP has come in ahead of expectations at 1%, compared with 0.1% in the fourth quarter of 2011. The growth was partly driven by infrastructure spending relating to the reconstruction efforts in the Tsunami area and consumer incentives to buy fuel efficient cars. In contrast, the Bank of England downgraded UK growth from…
And another day down – 9 out of 11. Vix upto 22, Put:Call ratio still firmly in bear camp territory.. . I had a couple of chats with various market participants and resignedness to the shakeout, forced selling and disgust were the prevailing sentiments relayed to me – to a contrarian trader, ones antannae are…
How does Greece leave the euro? In one scenario, a Greek authority would have to agree on a date with the rest of the euro zone for its departure and for the introduction of a new currency (let’s call it the new drachma). It would say that from that date, all public salaries, contracts and…
There have been some interesting share price movements in recent weeks in African focused oil and gas explorer, Chariot Oil & Gas. No accusations of corse, but the price movement the week before this weeks well result RNS is telling perhaps about leaks in AIM oil companies before news or perhaps it is just conincidental with…
Conor Foley former CEO of Worldspreads Worldspreads’ board and the Financial Services Authority were alerted to an alleged fraud at the group’s former Irish unit three months before Worldspreads filed for administration in March, citing accounting irregularities. The board of Marketspreads, formed by a 2009 buyout of Worldspreads’ Irish business, wrote to the Worldspreads board…
WTI crude oil went below $93 a barrel yesterday and Brent crude oil dropped to $110 a barrel. In early February, WTI crude was trading above $110 a barrel, so the price has dropped an astonishing 15% in the last 3 months or so. Gold is trading at $1536, compared with $1612 at the beginning…
Looks like the various interested parties in Plus are re-circling the carcass of Messrs Cyril Theret (CEO) and Chairman Malcom Basing’s car crash… Following Spencer Wilson’s (of Amara Dhari – an 18% shareholder) vocalisation in the press yesterday of many shareholders (and Plus Market company members) sentiments on the current management of Plus, we understand…
You can bet the market will pick up ahead of this Fridays listing of Facebook – the “powers that be” (no not Voldemort!) will ensure that for certain! However, more cracks seem to be appearing in the Facebook story with the WSJ reporting that GM the automaker is to stop paying for on-line ads with…
If we close down today in the US then this will be the longest run of losses since last November and stretching towards the run of down days leading into March 2009… Sentiment remains very poor as detailed in our blog of Sunday and value is all around in equities. It is, by its…
