13 June 2013
Japan’s Nikkei index has fallen 20% in 16 trading days in a sharp reversal of the previously successful long Japan equity, short yen trade. At the same time, volatility has risen to levels comparable to the immediate aftermath of the Tohoku earthquake and nuclear disaster.
7 June 2013
A modest recovery in the US is offset by continued weakness in Europe, whilst the emerging economies are feeling deflationary pressure from weaker commodity prices and a stronger dollar. The bright spots are Japan and the UK.
18 June 2013
It has been almost four months since The Value Perspective last visited the unhappy world of platinum mining but, in that time, matters have not improved much for the sector in general and Lonmin in particular. Reconciling the current low platinum price with the difficulty of cutting labour costs is proving especially problematic.
14 June 2013
Few things excite a telecommunications company as much as an emerging market with high GDP growth and a low rate of mobile phone penetration. So it is interesting to note the recent decision by Vodafone – whose prior forays into emerging markets, as we have seen in articles such as Dialling down, have not been universally successful – pull out of the bidding for a telecoms licence in Myanmar.