Nemesis Davydenko next up for Federer January 25, 2010 WORLD No1 Roger Federer remained on course for an incredible 16th Grand Slam title after turning on the style to beat home favourite Lleyton Hewitt in Melbourne. The Swiss star hardly broke sweat to claim a resounding 6-2, 6-3, 6-4 victory and book a quarter-final date with sixth seed Nikolay Davydenko, who saw off Fernando [...]
Investors go back to fundamentals as they lose their taste for carry February 16, 2010 IN THE second half of 2009, the dollar-funded carry trade was the primary strategy used to play the foreign exchange markets. The low interest rates set by the Federal Reserve combined with the weakening of the greenback meant that traders were happy to sell low-yielding dollars in search of higher-yielding currencies such as the Australian [...]
Federer finds his feet after surviving an early scare January 19, 2010 WORLD No1 Roger Federer came through a shaky start to open his Australian Open account with a stuttering victory over Igor Andreev at Melbourne Park. The Swiss star, seeking a fourth Australian Open title, dropped the opening set before coming back to win 4-6, 6-2, 7-6 (7-2) 6-0 against the Russian. “I knew it was [...]
Safina and Kuznetsova to meet in all-Russian final June 4, 2009 WORLD No1 Dinara Safina admits she is deperate to win her first Grand Slam after beating Dominika Cibulkova to set up an all-Russian French Open final. Safina got away with an error-strewn performance against the Slovakian 20th seed to win 6-3, 6-3, and take another step closer to her first major title. Last year’s runner-up [...]
Deripaska’s Rusal heads for Hong Kong and Paris listings December 17, 2009 UC Rusal, the world’s largest aluminium producer controlled by billionaire Oleg Deripaska, is moving closer to securing its $2bn (£1.2bn) stock listing. The company, which is planning to list 10 per cent of its shares in Hong Kong and Paris, is understood to be finalising a massive debt restructuring, which will help pave the way [...]
Murray sets up Nadal clash January 24, 2010 BRITAIN’S No1 Andy Murray set up a mouth-watering quarter-final clash with defending champion Rafael Nadal after outwitting American giant John Isner in the Australian Open. The 22-year-old fifth seed displayed an impressive combination of brains and brawn to overcome the threat of 6ft 9in Isner and win through 7-6 (7/4), 6-3, 6-2 in a little [...]
Russia warns on Ukraine gas November 1, 2009 Vladimir Putin the Russian Prime Minister warned the European Union yesterday that gas supplies via Ukraine may be disrupted because of another pay dispute with Kiev. Putin said he wanted to “draw attention to signals, including those sent through official channels to Kiev, concerning possible payment problems for the delivery of Russian gas”.
Duty hits Gazprom November 24, 2009 Russian gas export monopoly Gazprom may lose around 380bn roubles (£8.17bn) in 2009-2010 due to higher than expected custom duties. The state-run gas giant has already asked the government to settle the dispute that could cost the company around 111.7bn roubles this year and 274.4bn roubles in 2010. But it is still unclear if the [...]
SSL excites the City as profits grow November 24, 2009 ASHARES in SSL jumped to record highs yesterday after the condom-to-foot-deodorant maker said first half profits were up 59 per cent. SSL said that pre-tax profits rose to £51.9m from £32.5m in the six months ending 30 September, driven by a strong performance at its Durex Play business that makes lubricants and vibrators, and its [...]
TNK-BP’s new boss unveiled November 19, 2009 OIL giant BP said the candidate proposed by its oligarch partners to lead their Russian joint venture, TNK-BP, had won out over BP’s candidate and that oligarch Mikhail Fridman would stay at the helm until 2011. BP and AAR, a consortium representing the billionaire co-owners, said Maxim Barsky, currently TNK-BP’s executive vice president for strategy [...]