whatsapp Diary whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsUndo KCS-content Show Comments ▼ LIQUIDITY INFUSIONSFamous for the harsh schedule inflicted upon its toiling delegates, this year’s party merry-go-round at Davos was no exception. Drinks and well-watered dinners kick off from 6pm, with the central Belvedere hotel boasting around a dozen venues for simultaneous drunken revelry. They then proceeded to a collection of “nightcaps” at 10pm, and usually end in a raucous sing-along at Hotel’s Europe’s Piano Bar in the not-so-small hours.So who can lay claim to this year’s party highlights? CNBC bagged an impressive bevy of chief executives at its event on the second night, with Deutsche Bank’s Josef Ackermann and Prudential’s Tidjane Thiam sticking around to the small hours. And props must go to Standard Chartered for its Asian-themed nightcap, which featured half a dozen elaborately lit ice sculptures (including a Buddha head) and delicious fresh fruit cocktails.McKinsey meanwhile, dropped its exclusive entrance policy around midnight after handing out dozens of psychedelic necklaces and bringing in a big band booked till the small hours. Few could boast the exclusive location nabbed by business PR supremo Matthew Freud, however, who held his gig in a log cabin at the top of the funicular (Davos’ cliff railway that takes passengers 300m up into the mountains for a few minutes’ ride). Luckily the champagne at the top more than made up for the oddness of having one’s ears pop on the way to a party. DAVOS BABIESIt’s not just the wizened, middle-aged execs keeping up the party spirit, however. They’re helped along by a flock of youthful types who make up the “One Young World” crowd, a kind of “junior Davos” organisation that aims to bring the over-achieving under-25s together for networking events throughout the year, with the next event being in Zurich in September. Luckily for aspiring City whizz kids, they’re recruiting for attendees to hear keynote speakers that will including Kofi Annan, Desmond Tutu, Lazard chairman Ken Costa and Bob Geldof. It seems there’s no escaping a new generation of Davos progeny. THE LOUNGE-OFFFollowing on from a previous item about Davos’ many sponsored lounges, we hear that there was some fierce lounging rivalry between two of the big-four accountants, KPMG and PricewaterhouseCoopers. Their styles could hardly have been more different: KPMG boasted a collection of stately decorative additions to the breakfast room with a view out onto the Alps and a delicious free lunch buffet everyday.But rival Pricewater-houseCoopers went for something that little bit more stylish. The PwC “Thought Cafe” offered the wandering delegate a dreamy subterranean landscape dressed in erratically cut strips of white nylon, lit in funky pink and orange and stretched into canopies and cubby holes for important meetings. And the achingly cool white leather and see-through plastic furniture was complemented by several pointlessly large tubs of overripe oranges, for those feeling guilty about their fruit intake.Yet it wasn’t the nylon or the fruit that won the day so much as the PwC lounge’s ready access to power sockets for laptop-users. After all, the Davos crowd is ever a power-hungry lot. Sunday 30 January 2011 10:20 pm Share Tags: NULL
Tuesday 22 February 2011 8:05 pm Established stocks take back mantle Show Comments ▼ whatsapp whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org STOCKS in developed markets have rallied in the opening weeks of this year, driven by more optimistic forecasts from the US and Europe.Despite a knock to equities from the recent uprisings in the Middle East, developed country markets are attracting investors more than emerging markets, for the first time since 2007.The MSCI World Index of equities, designed to measure the equity market performance of 24 developed markets, began the year on 1277.20, but shot up 6.6 per cent to 1362.62 by the end of last week.The Libyan crisis has seen the measure of stocks slip to 1358.10, but analysts remain optimistic.“Developed markets, led by Wall Street, have outperformed emerging markets, which have been going nowhere for a few months,” Brewin Dolphin chief strategist Mike Lenhoff told City A.M.The boost has been driven by upwardly revised economist forecasts in the West. In America the recovery is being boosted by a “unique” environment of loose monetary and fiscal policy, Lenhoff said.“US is operating in its own orbit,” he added. “In Europe there’s at least fiscal austerity. Yet Germany too, the anchor of the Eurozone, is going very strong, and the French outlook has been upwardly revised.”In emerging markets, stocks fell 2.7 per cent between the start of 2011 and the end of last week (from 1153.55 to 1122.01, as measured by the MSCI Emerging Markets index).The slowdown reflects greater monetary tightening in the world’s upcoming countries, where economies were starting to overheat, Lenhoff said.“In China both rates and the reserve requirement have increased,” he said, “while rates are going up everywhere – India, Korea, Latin America, and in emerging European countries like Poland and Hungary.”The rise in commodity prices is more likely to affect people in developing countries, Lenhoff explained: “If more of a family’s budget goes to keeping body and soul together, food prices bear greater importance.” This has made rate hikes more urgent in those areas, Lenhoff said. Share KCS-content Tags: NULL
I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Peter Stephens | Wednesday, 3rd June, 2020 | More on: BDEV POLY Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. I’d invest £10k in these 2 cheap FTSE 100 shares today to make a million Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Peter Stephens owns shares of Barratt Developments. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. 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