Some interesting currency moves today

[JR8]

Apple probably emply more people than live in Luxembourg

Hehehe
LUX is one of those 'mini-sleepers', and I can't say I've visited. Highest per capita GDP in the world, so presumably doing something right.

[Barnsley]

Apple probably emply more people than live in Luxembourg

Hehehe
LUX is one of those 'mini-sleepers', and I can't say I've visited. Highest per capita GDP in the world, so presumably doing something right.

I think if you do a search on " Corporate Tax Policy Luxembourg" you will find out the answer to your question.

Not quite the all in it together you would expect from a founding member of the EC.

http://www.ft.com/intl/cms/s/0/93e75c1a ... z3YfCqcWQd

[JR8]

I think if you do a search on " Corporate Tax Policy Luxembourg" you will find out the answer to your question.
Not quite the all in it together you would expect from a founding member of the EC.
http://www.ft.com/intl/cms/s/0/93e75c1a ... z3YfCqcWQd

I like the irony that a tax-haven is the founding-father of the EU, hence untouchable, whereas 'outliers' like Switzerland get stamped on

But in many ways their [major national] business is no more illicit than Duty Free Singapore's. One chooses to go there to legitimately avoid paying tax.

[Primrose Hill]

Well, HSBC's HQ for its retail bank is moving up north to birmingham or something like that. Must be the bung for HS2.
Yup, GTP allows huge companies like those listed pay only something like 5-7% corporation tax.
JR8, you voting? Or have you voted?
Looks like red Ed is going to be voted in.*sigh*

[JR8]

Well, HSBC's HQ for its retail bank is moving up north to birmingham or something like that. Must be the bung for HS2.
Yup, GTP allows huge companies like those listed pay only something like 5-7% corporation tax.
JR8, you voting? Or have you voted?
Looks like red Ed is going to be voted in.*sigh*

Sounds similar to us moving our back-office from the City to the 'Sunny-Delights' of the $hit-hole that is Croydon. Or the BBC with it's move to the splendours of Salford, hehe...

I have voted, as such. It was incredibly complex figuring out how to, since all the laws have changed (once again). I spoke to my MP, and the solution was to appoint the Ward Chair[wo]man as my permanent proxy.

Yep, the Bonkers-land Ed Miliband and the unknown, that's a major reason the FTSE is violently puking into it's lap right now. The risk of him getting into power, makes UK.Plc a sell.

[JR8]

Lest we forget...
------------
'Holocaust survivor brings 'the bookkeeper of Auschwitz' to tears as she tells how she saw her parents sent to their deaths and says he should be tormented by his memories 'for the rest of your days'
Kathleen Zahavi, 86, told of how she lost 100 family members at Auschwitz
Described how she was separated from her mother and aunt as she arrived
When she asked where they were, guard simply pointed to plume of smoke
Mrs Zahavi was speaking at trial of former S.S. guard Oskar Groening, 93
Former S.S. officer reduced to tears as Mrs Zahavi spoke of her experience
He is accused of being complicit in the deaths of 300,000 camp victims '
--------------
Read more: http://www.dailymail.co.uk/news/article ... eaths.html


After WW2 Germany were meant to have been permanently shut-up, neutered and put back in their box. But no: I don't know WTH they think they are, but they're currently putting the boot into Greece. It's like they've, unspoken, elected themselves as rulers of Europe.

[JR8]

Deleted:
[ref: 'SQL error']

[Primrose Hill]

Greecce hitting skid row yet again.
Anyone think FED / BOE will raise rates soon?

[Barnsley]

Greecce hitting skid row yet again.
Anyone think FED / BOE will raise rates soon?

The way the £ is skyrocketing , its making my trip back in September more expensive by the day ....

A rise in interest rates will not help

[JR8]

Greecce hitting skid row yet again.
Anyone think FED / BOE will raise rates soon?

They tend to broadcast it well in advance, such that if you're asking the question, it's not on the horizon.
The last thing they want is surprises, when it happens, you'll have 95% known it's happening, 3 months previously.

Greece are doing ok. It'll never come near or evolve (by order of the jackboot!) into the economy of Germany, and Berlin need to get over that. The fact that Germany seem unable to, is very damaging for the EU as a whole.

[Wd40]

EUR at 1.14! Wow what a reversal this has been. SGD too 1.32 and GBP 1.57. All 3 big gainers against the dollar in the last 1 month.

http://www.bloomberg.com/news/articles/ ... rowth-data

[JR8]

Zzzzz.... I'm still getting 7.3% div income.... zzzz
[Did something happen... oooh... er, no.......zzzz]

[JR8]

Interesting, after more or less threatening to politically destroy Greece, it seems the Germans have come to realise the futility of such as move. More U-turn, less U-boat diplomacy

'The president of the European Commissions has intervened to break the stalemate of Greek bail-out negotiations, according to a blueprint leaked to Greek media.
Jean-Claude Juncker has put forward a plan involving a reduction in Troika-imposed budget cuts, the postponement of economic reform and the release of emergency cash to safeguard against bankruptcy.
...
He warned that a 'Grexit' would jeapordise the Euro, leaving it prey to “Anglo-Saxon” forces who seek to dismantle it.'
http://www.digitallook.com/news/interna ... 27933.html

Gotta love how he manages to get an insult in vs those 'bloody Britishers', and those 'imperialistic Yankee 'Mericans' with their anti-society capitalist habits [etc etc].

Curious how he considers that Britain wishes to or ever could 'dismantle the euro'. But I suppose he's just invoking a useful bogey-man as a smokescreen for capitulating over bailing out Greece.*

And thank God it's finally been agreed. The last few weeks The US and Tokyo markets have been steadily marching on and up (both notching record highs), and Europe has just been treading water. And every day, for months now, the press mention the same reason, 'concerns over Greece'.
The cost to the EU economy caused by this Franco-German political dick-waving must be immense. The whole of Europe on hold, whilst the Germans stick a few more pins into the little Greek voodoo doll...

---
*[The fact is a lot of 'Britishers' do not wish to join the euro. Pretty simple: Doing so would hand complete economic control of the UK to unelected and unaccountable EU bureaucrats; i.e. people like him, who clearly despise us. And let's just say the Brits have had enough of fighting vs Europe to protect their freedom and democracy].

[JR8]

Some interesting key levels getting broken, here the Nikkei...> '20,054.81 +164.54 (0.83%)' [as I write].

Let's hope the Nikkei closes above 20k. 'Dow 18k' was another massive one.
Maybe the FTSE can stop fretting about bloody Greece and ram through 7,000? [currently 6969 and perpetually dithering...]

[Wd40]

So Asia ex Japan seems to be the biggest dogs in this rally. Shanghai is still 20-30% below it 2007 peak inspite of this massive rally. STI still at 3500 below its 2007 peak of 3700 and same for Hang Seng.