| Drawing investment lessons from turbulent capital markets
But interest rates on cash have fallen and will fall further. Hedge fundsHedge funds are one answer but you will need to be very choosy. The ilk of Soros might be able to short these markets successfully. But the average fund manager may quickly get into hot water and lose your money. Precious metals are another option. The danger here is that as stock markets sell-off, investors tend to have to sell other assets to meet margin calls, and that will include gold and oil, for example. This happened only last week. Gold and oil prices tumbled back and then rebounded. Gold shares have not had it so good and most lost value; they might be a good buy at these levels; Granville thinks so and has posted his 14 gold tips for 2008 on his website. However, all is not lost for investors. The cut in dollar interest rates is a powerful stimulus, and risks blowing up bubbles in some investment classes.
Darling defends actions over Rock
Chancellor Alistair Darling has defended his handling of the Northern Rock crisis, after a critical Treasury select committee report from MPs. Writing in the News of the World, Mr Darling insisted he had done the "right thing" to protect savers' investments. He also promised to set out plans to strengthen the Bank of England and the Financial Services Authority (FSA). But shadow chancellor George Osborne told the BBC the affair had damaged the UK's reputation as a financial centre. Speaking on BBC One's Andrew Marr Show he said the Rock's troubles had hit the UK's name as a "good place to do business". 'Quite exceptional' The Newcastle-based lender got itself into financial difficulties amid the global credit crunch caused by the sub-prime lending crisis in the US.
Avaya Named to Top 25 in FinTech 100 Ranking of Leading Technology ...
BASKING RIDGE, N.J., Nov. 8 /PRNewswire-FirstCall/ -- Avaya, a leading global provider of business communications applications, systems and services, was named one of the top 25 technology vendors in the FinTech 100, an annual international listing of the foremost technology companies that serve the financial services industry. The FinTech 100 evaluates hardware, software and IT services companies based on fiscal year-end revenues and the percentage of revenues attributed to the financial services industry. Companies that qualify for the FinTech100 rating must derive significant revenue from sales to the financial services sector in order to make the list. The results are compiled and reported by the research firm Financial Insights, an IDC company, and American Banker. "The financial services industry, which encompasses the banking, commodities and insurance sectors, is highly competitive.
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