Olly’s our man for Medinah, says Monty October 5, 2010 COLIN MONTGOMERIE has given Jose Maria Olazabal the ultimate accolade in his bid to succeed him as European Ryder Cup captain, insisting: ‘I’m sure he’ll do a better job than me”. The Scot stood down as skipper after leading the side to a thrilling 14-13 victory over the Americans at Celtic Manor on Monday. Now [...]
Victims to have more power over police October 5, 2010 HOME secretary Theresa May will tell police to take anti-social behaviour more seriously or face official sanctions. She says the coalition will give victims and communities the right to force the authorities to take action. She will also urge officers to treat offences like vandalism and intimidation as crimes rather than lower-level anti-social behaviour. Speaking [...]
Rogue trader prepares for prison term October 5, 2010 JEROME Kerviel emerged from court yesterday sharp-suited and ashen-faced, like a lost member of the Reservoir Dogs cast, knowing he was about to swap his black tie for a set of prison overalls. He will wear the new outfit for around two years, after being handed a five-year prison term for blowing €4.9bn (£4.3bn) of [...]
I’ve never been so nervous, claims G-Mac October 5, 2010 WIN, lose or draw, Graeme McDowell would still have walked away from Celtic Manor on Monday celebrating the greatest year of his life. It was the year the 31-year-old burst into the world’s top 20 for the first time with a maiden Major victory in the US Open at Pebble Beach in June. The Northern [...]
Moody’s eyes fresh cut to Irish ratings October 5, 2010 Moody’s has warned it may cut Ireland’s credit rating again, saying additional austerity measures are needed given the huge bill for cleaning up its banks, a weak economic recovery and rising borrowing costs. Ireland’s deeply unpopular government says it could cost up to €50bn (£43.4bn) to unravel banks’ property losses, driving the cost of Dublin’s [...]
Bank of Japan cuts interest rates to zero October 5, 2010 THE JAPANESE government bond yield curve steepened yesterday after the Bank of Japan (BOJ) launched an asset buying scheme, while super-long yields rose on disappointment it was not more aggressive about buying debt. The BOJ also cut interest rates to near zero and pledged to keep rates effectively at zero until prices were seen stabilising. [...]
IMF warns banks still pose threat as currency war looms October 5, 2010 SOVEREIGN debt risk in Europe and continued real estate woes in the United States have dealt a setback to global financial stability in the past six months, the International Monetary Fund said yesterday. The IMF said risks to the financial sector could be reduced if legacy problem assets were cleaned up, if governments improved their [...]
Olly deserves a shot at the No1 job October 5, 2010 FORMER RYDER CUP CAPTAIN JOSE Maria Olazabal’s admission that he would relish the opportunity of leading the European team in Medinah in 2012 will have certainly come as a welcome boost for the Ryder Cup committee, who would surely have had him as frontrunner in any case. But this is by no means a closed [...]
Fears of double-dip ease on services rise October 5, 2010 British services activity growth rose unexpectedly in September from a 16-month low, but the outlook is poor with the weakest inflow of new business in over a year, a survey showed yesterday. The figures are unlikely to alter expectations that the Bank of England will keep its ultra-loose policy stance unchanged later this week and [...]
Bernanke says it’s too early to cut deficit despite growth October 5, 2010 FEDERAL Reserve chairman Ben Bernanke yesterday warned against taking immediate action to reduce the US deficit warning it could derail the nascent recovery. “Economic conditions provide little scope for reducing deficits significantly further over the next year or two,” Bernanke told an audience in Rhode Island. “Indeed, premature fiscal tightening could put the recovery at [...]
