Flamboyance saved for off the field June 14, 2010 THIS World Cup has begun just as expected. Off the field it’s a fantastic carnival atmosphere, full of excitement, but on the park, it’s cagey with nowhere near the same flamboyance. I was at last night’s game between Italy v Paraguay at a freezing cold Cape Town – and it pretty much summed up a [...]
Spanish banks feel squeeze, says a government official June 14, 2010 A SPANISH government official said yesterday foreign banks were refusing to lend to some of its banks in the latest twist to the Eurozone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue. Treasury Secretary Carlos Ocana acknowledged officially for the first time a liquidity freeze on some [...]
The early bird catches the worm: how traders use leading indicators June 14, 2010 JUST when we thought those fragile green shoots of recovery in the developed world were starting to flower, a recent swath of disappointing data has dashed traders’ hopes of stronger growth. Besides the ongoing sovereign debt crisis in the Eurozone, the recovery in the US jobs market has been much weaker than expected and Finland [...]
Welcome relief for unconvincing Dutch June 14, 2010 HOLLAND (2) vs DENMARK (0) NETHERLANDS coach Bert van Marwijk admitted his side got out of jail with a “lucky” goal – but insisted they should have caned the Danes with plenty more. A freak own goal from Liverpool defender Daniel Agger just 50 seconds into the second half eased Dutch nerves following a tepid [...]
Eurozone factory output surges in April despite fiscal troubles June 14, 2010 EUROZONE industrial production rose sharply in April, indicating that the recovery in the export-sensitive industrial sector has not yet been affected by the fiscal troubles besetting the single currency union. Factory output rose 0.8 per cent on March, which was slightly stronger than the 0.5 per cent expected. As a result, the less volatile three-month [...]
HAGUE: UK WON’T STOP ICELAND’S EU BID June 14, 2010 Foreign secretary William Hague said yesterday the UK will not block the start of Iceland’s accession negotiations but added that Iceland would need to prove its commitment to resolving its financial problems. A draft statement saying accession talks will begin is expected to be approved by EU leaders on Thursday.
I can unlock Wallabies, vows frustrated Barkley June 14, 2010 OLLY BARKLEY believes coach Martin Johnson is missing a trick by omitting him from England’s Test line-ups. The Bath playmaker has once again been included in England’s midweek squad side to take on the Australian Barbarians in Gosford this morning. But Barkley feels his more expansive game is better suited to be pitted against the [...]
Rusty Italy get off to slow start June 14, 2010 ITALY (1) vs PARAGUAY (1) HOLDERS Italy began the defence of their trophy with a share of the spoils against a plucky Paraguay in a disappointing encounter in Cape Town. The Italians started slowly and were made to pay when the South Americans took a shock lead on 39 minutes when Antolin Alacarez out-jumped Fabio [...]
FTSE rises for fourth day in a row as miners offset a sharp decline for BP June 14, 2010 BRITAIN’S top share index closed higher yesterday for a fourth straight day, led by miners buoyed by firmer metals prices and offsetting a sharp fall in BP. The FTSE 100 index closed up 38.45 points, or 0.7 per cent, at 5,202.13, its highest close since 3 June. Mining stocks added the most points to the [...]
China’s AgBank poised to raise over £15bn in IPO June 14, 2010 THE Agricultural Bank of China is seeking to raise over $23bn (£15.6bn) by listing in Hong Kong and Shanghai, in what would be the world’s biggest IPO. The public share issue by AgBank, founded by Mao Zedong in the 1950s as the central bank’s rural arm, had previously been touted as high as $30bn, but [...]
