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  • US dollar rises on Taipei forex ends a days high of NT$30.030

    TAIPEI -- The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.005 to close at the day's high of NT$30.030 behind central bank intervention, dealers ...

  • Survey reveals parents pay €15k to child minders

    According to a new survey parents are paying as much as EUR15,000 a year to child minders.A report complied by the Irish Independent reveals the extent of the burden on Irish families to meet childcare costs.The findings shows the cost of childcare is forcing many women to give up their jobs or work part-time.The survey outlines the wide variation in fees charged across the country with parents ...

  • Pension funds add €25bn to portfolios

    Positive revaluation of investments and favourable price movements of financial assets have added €25bn in value to Dutch pension funds’ investment portfolios in the second quarter of 2009, according to De Nederlandsche Bank (DNB). The investment portfolios now stand at €560bn in value. Shares recorded the highest price gains, at €16bn, and revaluations of bonds ...

  • EC alternatives directive could land funds with €25million bill

    The European Commission’s draft directive on Alternative Investment Fund Managers could cost the pension fund industry up to €25bn a year if it is put into place in its current form, warns the Alternative Investment Management Association (AIMA). Europe’s pension funds would be landed with the bill if the alternative assets they have increasingly invested in over the last ...

  • US Session Orders and Options Watch

    EUR: The single currency jumped shortly after the release of better-than-expected German IFO data, however, offers from Asian sovereign names ahead of 1.3000 barrier capped euro's upside and sizeable sell orders are still noted at 1.2990-00 with buy stop orders reported above there and 1.3020 but fresh offers should emerge further out at 1.3050. On the downside, bids (some from option ...

Movie Review

Melancholia

Melancholia

Lars von Triers Melancholia is being praised by many as a genuine late-season masterwork, but it strikes me as little more than an overlong, self-indulgent mishmash of gorgeous imagery and nihilistic overload. Von Trier has forged the majority of his career wallowing in darkness a ... ...

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  • iShares fixed income fund hits €2bn

    iShares has announced that investor demand for its iShares € Corporate Bond fund has surpassed €2bn in assets under management (AUM). The fund, a fixed income fund which provides exposure to Euro denominated investment grade corporate bonds, aims to track the Markit iBoxx Euro Liquid Corporates index, which has exposure to industries and a market capitalisation of over ...

  • Dutch pension funds receive €4.9bn in dividends over 11 months

    Between April 2007 and March 2008, Dutch pension funds are reported as having received €4.9bn in dividends on quoted shares, according to De Nederlandsche Bank. Pension fund holdings of these quoted shares averaged at €195bn in that period, which excluded quoted shares held through mutual funds. The Bank said that dividend income is used for two things, either as a major ...

  • AEGON releases €315million in securitisation transaction

    AEGON has completed a €315million securitisation transaction to improve capital efficiency and optimise their capital structure as part of the group’s new strategy. The transaction adds the equivalent of around £250million of core capital, enhancing the financial flexibility of the group and improving the return on capital deployed in the UK. The move forms part of ...

  • Leading Dutch funds allocate €500m to clean technology

    ABP and PGGM have re-inforced their commitment to sustainable investment with a joint mandate to invest in innovative, clean technology. The two largest pension funds in the Netherlands have appointed AlpInvest* to invest €500 million in innovative, clean technology in one of the largest mandates ever to be placed on the international private equity market. This is the first time ...

  • Man in custody after €1.7m drugs seizure in Dublin

    A man remains in Garda custody this morning in connection with a EUR1.7m drugs haul on Dublin's northside.The 36-year-old man was arrested after garda searched a house on The Strand, Donabate on Thursday and recovered almost EUR1m worth of ecstasy tablets and EUR700,000 in cannabis herb.The man is being questioned at Mountjoy Garda ...

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