Smith out for three in last innings March 4, 2014 CRICKET: Retiring South Africa captain Graeme Smith was dismissed for three runs on the fourth day of his side’s Test match against Australia.
Market chaos as war fears mount March 3, 2014 World leaders compare Russia’s threat to Ukraine to Soviet era tactics WORLD leaders last night condemned Russia’s invasion of Ukraine, demanding that troops pull out of the country and leave its politicians to organise new elections in peace. The crisis hit home in the City as investors fled shares of firms exposed to Russia and [...]
The document revealing draft plan to protect UK economy from trade sanctions March 3, 2014 A LEAKED government document has revealed plans to protect the UK economy and financial interests in London by avoiding UK trade sanctions against Russia. The papers, understood to be draft notes ahead of a meeting of the National Security Council in Downing Street yesterday, said ministers “should not support for now trade sanctions or close [...]
Warning that fuel prices could rise by 5p per litre March 3, 2014 ENERGY prices on the world markets jumped yesterday as turmoil in Ukraine pushed panicked traders to snap up supplies. Petrol prices could rise by as much as five pence per litre, the RAC warned, as Russia’s actions threaten to squeeze the supply of energy. Such a jump would reverse much of the fall in prices [...]
A trade war with Russia would be Lehman Bros 2 March 3, 2014 MORALITY and foreign policy make uneasy bedfellows. In 1997, when Tony Blair called for an ethical foreign policy, the country cheered; 17 years later, any politician calling for such idealism would be laughed out of town. After 9/11, Afghanistan, Iraq, Georgia, the Arab Spring and so on, a battlehardened realism is the order of the [...]
Worst day for Russian market since 2008 crash March 3, 2014 RUSSIAN stocks dived by 11 per cent yesterday, wiping around $60bn (£36bn) from the value of the companies – a loss of value even greater than the $51bn cost of the Sochi olympics. The country’s central bank hiked interest rates in an effort to stem the flood of money out of the country, attempting to [...]
What the other papers say this morning – 04 March 2014 March 3, 2014 FINANCIAL TIMES Nine private equity heads share $2.5bn The nine founders of the four big listed US private equity companies took home more than $2.5bn between them last year, with Apollo Global Management’s Leon Black alone receiving $546m. The dividend income, investment profits and other compensation shared by the founders of Apollo, Blackstone, Carlyle and [...]
Bottom Line: Three stocks that stand to lose big from the escalating market chaos March 3, 2014 1 BPTHE MOST exposed to Russia of the FTSE’s energy majors slumped 2.28 per cent yesterday despite a similar rise in the cost of brent crude. A hotly contested deal in 2012 saw BP take on a 19.75 per cent stake in Russian state-owned oil company Rosneft – whose shares dropped 4.1 per cent in [...]
Ukraine PM vows to meet IMF’s requirements March 3, 2014 UKRAINE’S Prime Minister yesterday promised that his government will meet all the requirements of the International Monetary Fund (IMF) to get a loan, as a fact-finding team from the global lender arrives in Kiev. IMF representatives are expected to spend 10 days in Ukraine discussing reforms that would need to happen for the country to [...]
MPs demand overhaul of business rates March 3, 2014 A GROUP of MPs has waded into the debate on business rates by demanding a complete reform of the current system, calling for a tax based on sales instead of the value of a property. Suggesting a series of reforms that could hit online retailers such as Amazon and Asos, the Business, Innovation and Skills (BIS) [...]
