FTSE tumbles to three-month closing low on energy worries June 23, 2011 MINERS and energy stocks were the worst hit members of Britain’s sharply lower FTSE 100 index yesterday, hit by heightened fears of a slowdown in global growth. The FTSE 100 ended down 98.61 points, or 1.7 per cent, at 5,674.38, its lowest close since 16 March when markets were plunging in the immediate aftermath of [...]
BP and oligarchs in arbitration hearing September 28, 2011 BP faced an arbitration hearing yesterday with its billionaire partners in the Russian joint venture TNK-BP, who are claiming damages against the oil giant for breaching a shareholder pact. BP, which has refuted the claims, prompted the spat with the consortium known as Alfa Access Renova (AAR) by agreeing a share swap and Arctic exploration [...]
Trichet urges earlier votes September 5, 2011 EUROPEAN Central Bank president, Jean-Claude Trichet, has called on the Eurozone’s paymaster economies to ratify changes to the region’s bailout fund immediately, amid fears that Slovakia could wait until December to do so. In Slovakia on Sunday the head of a junior party in the ruling coalition said the Slovak parliament would not vote on [...]
Wall St rises as EU debt worries ease September 7, 2011 Wall Street bounced more than two per cent on Wednesday, reversing three days of losses after Germany’s top court smoothed the way for Berlin’s participation in bailouts that could ease Europe’s debt crisis. But investor caution that there remains a long road to recovery was underscored by light trading and continued high volatility as shown [...]
Wall St rises as EU debt worries ease September 7, 2011 Wall Street bounced more than two per cent on Wednesday, reversing three days of losses after Germany’s top court smoothed the way for Berlin’s participation in bailouts that could ease Europe’s debt crisis. But investor caution that there remains a long road to recovery was underscored by light trading and continued high volatility as shown [...]
Let down by Williams, pleased for Kaymer November 7, 2011 IT’S FAR from ideal to have to comment on matters that have taken place away from the golf course, but it would be remiss of me not to voice my disappointment at the comments made by Steve Williams towards his former employer Tiger Woods. I don’t wish to inflame an already delicate situation, but while [...]
Lloyds boss snubs rivals May 5, 2011 LLOYDS’ new head Antonio Horta-Osório blindsided other bank chiefs yesterday by taking a unilateral decision not to participate in an industry appeal against a high court ruling that could cost the banks billions. A board member at a rival bank said that the Lloyds boss had angered his counterparts by going it alone and showing [...]
Tchenguiz wins UK ruling on Kaupthing March 16, 2011 THE Tchenguiz family has won the right to have a damages claim against Icelandic bank Kaupthing heard in the UK courts, after a judge determined that claim, worth more than £1bn, was subject to English law. Property investment tycoon brothers Robert and Vincent (pictured) Tchenguiz, who were arrested on 9 March as part of a [...]
Tchenguiz wins UK ruling on Kaupthing March 16, 2011 THE Tchenguiz family has won the right to have a damages claim against Icelandic bank Kaupthing heard in the UK courts, after a judge determined that claim, worth more than £1bn, was subject to English law. Property investment tycoon brothers Robert and Vincent (pictured) Tchenguiz, who were arrested on 9 March as part of a [...]
AT&T battle with US regulators may drag on for years September 1, 2011 AN epic court battle between the US government and AT&T is set to dominate the telecoms landscape, with sources close to the network saying it will not accept regulators blocking its $39bn (£24bn) bid for T-Mobile USA. AT&T’s general counsel said it plans to seek an expedited hearing from the judge. But the firm faces an [...]