Edwards backs Idowu decision to withdraw July 15, 2012 FORMER Olympic champion Jonathan Edwards has defended the decision of London 2012 medal hope Phillips Idowu to withdraw from the weekend’s Aviva London Grand Prix and argued he also would not have wished to compete. Concerns remain over triple jumper Idowu’s physical condition given that he has participated in competitions just three times this year [...]
Singh clinches Scottish Open July 15, 2012 THE SCOTTISH Open was won by Jeev Milkha Singh last night, a result that sees the Indian qualify for the Open at Royal Lytham, which commences on Thursday. Singh forced his way to a play-off with Francesco Molinari, who had led overnight, before beating the Italian on the first extra hole with a 12-foot birdie. [...]
Liverpool decline Toon Carroll bid July 15, 2012 Newcastle United have had a loan bid for their former centre forward Andy Carroll turned down by Liverpool. The Magpies hoped to sign Carroll on a season-long loan with the option of a permanent transfer next summer, but will have to table an improved offer if they want to sign the England striker.
Lorenzo stretches MotoGP lead July 15, 2012 Jorge Lorenzo won yesterday’s MotoGP at Mugello, Italy, to extend his lead at the top of the overall rankings.
JP Morgan loses $4bn on trades July 13, 2012 JP Morgan Chase & Co, the biggest US bank, posted $4.4bn of losses from its “London Whale” trades, but also said some of its traders might have tried to conceal bad credit bets in the first quarter. The disclosure was the first indication the bank has made that the problems in its Chief Investment Office [...]
UK construction slumps in May July 13, 2012 British firms built less in May despite an extra working day, official data showed on Friday. Construction output dropped 6.3 per cent in the month, non-seasonably adjusted data from the Office for National Statistics showed. Firms failed to benefit from an extra working day in May as a public holiday usually held at the end [...]
China growth rate slows again July 13, 2012 China’s growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy. Year-on-year growth of 7.6 per cent in the second quarter was a whisker [...]
Moody’s downgrades Italian bonds July 13, 2012 Moody’s surprised markets by downgrading Italy’s government bond rating by two notches to Baa2 and warned it could cut it further, piling on pressure just hours before the euro zone third-largest economy launches its latest bond sale. The ratings agency blamed increased liquidity risks for the country amid persistent euro zone woes and an expected [...]
Rising Sun July 12, 2012 JAPANESE advertising agency Dentsu has, after a string of attempts, finally cracked the global market with a £3.16bn bid for Aegis. Shares in Britain’s second biggest ad agency jumped 45 per cent to 234p after Dentsu unveiled its 240p per share offer, a 48 per cent premium to Wednesday’s closing price. The deal –the second [...]
Osborne fails to defuse tax timebomb July 12, 2012 GOVERNMENT finances are still stuck on an unsustainable path despite chancellor George Osborne’s efforts to cut the budget deficit, the Office for Budget Responsibility (OBR) warned yesterday. The aging population means rising healthcare costs could cripple the state over the next 50 years unless the next government is prepared to implement an extra £17bn of [...]
