BNP and Credit Agricole start internal law-breaking probes August 27, 2012 ITALIAN bank UniCredit became the latest bank to admit it is under investigation by the US authorities for breaching Iranian sanctions, making public statements over the weekend. And French banks BNP Paribas and Credit Agricole both revealed they are carrying out internal probes into potential breaches of US regulations – although they would not say [...]
StanChart has a silver lining says Investec September 10, 2012 MARKETS have yet to recover from Standard Chartered’s Iranian sanction-breaking scandal, and so are failing to recognise the bank’s underlying strengths, analysts from Investec said yesterday. Although the bank’s share price has recovered roughly 30 per cent in the last month, it is still feeling the effects of US regulatory action – even though the [...]
Van Persie avoids FA sanction January 30, 2012 FOOTBALL: The Football Association has ingored Aston Villa manager Alex McLeish’s plea to investigate Arsenal captain Robin van Persie’s alleged elbow on defender Carlos Cuellar during Sunday’s FA Cup defeat at Emirates Stadium.
Rugby must stop hindering smaller nations November 11, 2012 THOSE of you reading this who went to Twickenham on Saturday to see England’s demolition of Fiji know you were sold something of a pup. The blame lies at the door of the International Rugby Board who continue to allow the distinction between the haves and have nots of the game to be a blight [...]
Rugby must stop hindering smaller nations November 11, 2012 THOSE of you reading this who went to Twickenham on Saturday to see England’s demolition of Fiji know you were sold something of a pup. The blame lies at the door of the International Rugby Board who continue to allow the distinction between the haves and have nots of the game to be a blight [...]
Rafa’s for five-year plans, not firefighting November 21, 2012 IN MOST football management jobs, if you have five or six weeks of poor results, you’re in trouble. If you’re at Chelsea and in freefall, as Roberto Di Matteo was, you know what comes next. The club are all about getting results, here and now. They are also one of the most ambitious in the [...]
Imperial Tobacco sees revenue rise September 20, 2012 Imperial Tobacco expects revenues to be up around four per cent over the past year to end of September, with strong sales in Eastern Europe, Africa and the Middle East and Asia Pacific boosting profits. The British group, which sells over 340bn cigarettes annually of brands such as Davidoff, Gauloises, JPS and West, expects volume [...]
The HP Autonomy allegations reveal US-UK differences November 22, 2012 ANOTHER US-UK economic conflict is brewing, following HP’s revelation that it has taken an $8.8bn (£5.5bn) write-down. It comes after the claim that it had discovered “serious accounting improprieties” at Autonomy, the British software company. Autonomy completely denies the allegations, of course. But like Standard Chartered’s run-in with the New York regulator over Iranian sanctions, [...]
IEA outlook predicts Iraq’s oil output will double this decade October 9, 2012 IRAQ’S oil production is on course to more than double by 2020, the International Energy Agency said yesterday, although delays to investment could tighten the global market in coming decades and push prices higher. In its Iraq Energy Outlook, the Paris-based IEA said Iraq’s oil production would reach 6.1bn barrels per day (bpd) by the [...]
Qualifying in Formula One? I say draw lots November 4, 2012 A VERY well argued email in response to last week’s column in which I advocated summer rugby union accused me of being “a serial offender in the art of peddling idiotic and preposterous ideas” – a phrase worthy of Danny Baker, and as such I thought it deserved a wider audience. So a decadent Sunday [...]