A pound-euro rally is possible, despite GDP November 24, 2009 BRITAIN’S inability to emerge from recession in the third quarter was both a shock and a bitter disappointment. Traders had been widely expecting the economy to grow in the three months to September, albeit at an extremely slow pace. As a result of the unexpected contraction, sterling dropped more than a cent against the greenback [...]
Fergie: Euro joy deserves credit November 24, 2009 MANCHESTER United boss Sir Alex Ferguson says the struggles of some of Europe’s top sides shows his consistent success has been underrated. Liverpool, AC Milan, Real Madrid and Barcelona have all found their Champions League progress trickier than expected. Sir Alex, who is set to field a young side against Besiktas tonight with qualification assured, [...]
Ancelotti to rotate squad and rest stars for Porto November 24, 2009 CHELSEA boss Carlo Ancelotti is expected to rest star duo Michael Essien and Didier Drogba tonight against Porto as the Italian keeps one eye on Sunday’s trip to Arsenal. Ancelotti has hinted he will ring the changes for the Champions League Group D clash, with qualification for the knockout stage already guaranteed. Neither midfield powerhouse [...]
Loss leaves Rangers rock bottom November 24, 2009 FOOTBALL: Rangers crashed out of Europe with a 2-0 home defeat to Stuttgart in Champions League Group G. Goals from Sebastian Rudy and Zdravko Kuzmanovic ensured the Gers finish bottom of the table and therefore miss out on even a Europa League spot.
LONG-TERM, GOLD BUGS ARE RIGHT November 24, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRNCY RESEARCH, GFT GOLD has been rallying since 2 November, when it broke through the resistance level of $1,050 per ounce and has continued to make daily record highs. But as its price continues to increase in dollar terms, the metal is encountering a rising chorus of sceptics who see it as [...]
Briatore challenges ban in court November 24, 2009 FORMULA ONE: Former Renault boss Flavio Briatore has asked a French court to overturn his indefinite ban from motorsport. Briatore, suspended for his role in a race-fixing scandal, is seeking £900,000 compensation from governing body the FIA. A verdict is due in January.
Donington: Brit GP tussle 50-50 November 24, 2009 FORMULA ONE: Donington chief Simon Gillett insists the circuit could still host next year’s British Grand Prix, despite the collapse of its deal with F1 organisers.Silverstone looks set to step in and take the contract, but Gillett said: “There are two people at the table so it’s a 50-50.”
MacDonald set for Scotland bow November 24, 2009 RUGBY UNION: Scotland have handed flanker Alan MacDonald a debut in Saturday’s final autumn Test against Argentina. Edinburgh team-mate and centre Ben Cairns and Glasgow wing Thom Evans are the other two changes from the team that beat Australia.
Davies staves off Shanklin return November 24, 2009 RUGBY UNION: Wales head coach Warren Gatland has kept faith with rookie centre Jonathan Davies for Saturday’s clash with Australia. The Scarlets youngster retains his place despite the return to fitness of Tom Shanklin, while Dwayne Peel comes in for Gareth Cooper.
Efforts to stem FX inflows are futile November 24, 2009 WHEN Brazil introduced a tax on capital inflows last month, it was a clear sign that governments are becoming increasingly concerned about the impact on their economies and on their currencies of a weakening dollar, and of foreign investors piling into their stock markets and bonds in search of higher yields. Other emerging nations have [...]
