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Written by Martin Young
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Friday, 07 May 2010 09:31 |
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Due to a computer glitch on US trading systems, the Dow Jones experienced a drop of over 1000 points yesterday. As yet there is no clear indication as to what caused the glitch however the NASDAQ has already said it will cancel all trades from yesterday. The glitch happened at 2.40pm New York time. Despite the fact that the market quickly returned to its previous level, this had an effect of spooking Wall Street investors. Coming at the same time as the UK General Election and the Greek debt crisis, the effect has been to depress world equity and commodity markets.
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Expatriate healthcare in Russia - Why is insurance a necessity? |
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Written by Duncan Cameron
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Thursday, 06 May 2010 00:00 |
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All Russian and the former USSR consular departments will require expatriates to have valid health insurance covering the dates of the proposed trip,or contract period if working or living in Russia. If you already have travel or health insurance, you will need to confirm that it covers the Russian Federation. You may also have to fill in an Insurance Card, noting the number and validity of your insurance policy.
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UK Pension Decisions leaves Expatriates' Benefits Frozen |
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Written by Martin Young
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Monday, 22 March 2010 05:20 |
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The Long awaited decision by the European Court of Human rights has found in favour of the British Government. The Strasbourg court voted by 11 to 6 to maintain the pension freeze.
Under current rules British Pensioners retiring in Australia, Canada or Asia will find that their UK pension benefit is frozen and will not increase with inflation. This is in contrast to retirees in Europe or the USA who still receive the inflation-linked pension benefit. The decision is expected to save the UK exchequer £500 million per year.
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Chinese Stocks exhibit the Death Cross |
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Written by Martin Young
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Thursday, 01 April 2010 06:06 |
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The outlook for Chinese equity continues to look poor across 2010. After being one of the top performers in global equity markets across 2009, Chinese equity has failed to impress this year. The Shanghai Composite Index has fallen by nearly 10% since the beginning of 2010.
Indeed the market has now dropped to the point of reaching what is known as the “death cross”. This rarely seen technical indicator is where the 50 day moving average drops below the 200 day moving average. It is a strong indicator that a market is about to experience a strong decline.
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Written by Alexa Trout
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Friday, 19 March 2010 08:45 |
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Are you paying twice for the investments you hold?
Over the last ten years, a trend of financial packaging and repackaging has emerged. Whilst the finance industry claimed it helped lower risk and improve diversification, unfortunately for many firms, the main reason for this kind of financial engineering was to increase fees and revenues.
Following last year’s melt down of the financial system, governments, corporations and private individuals have begun to pay far more attention to the underlying investments they hold. One of the main casualties of this process is likely to be Collective Investment Funds, run by Financial Advisory Firms - so called ‘broker funds’.
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