Injury-time penalty saves Potters November 10, 2013 FOOTBALL: Stoke climbed out of the Premier League’s bottom three yesterday thanks to a last-minute equaliser against Swansea. The Potters led 2-0 at half-time, but were 3-2 down before Charlie Adam’s late penalty.
England and Scotland into quarters November 10, 2013 RUGBY LEAGUE: England were joined by Scotland in the quarter-finals of the World Cup yesterday, as Tonga’s 16-0 win over Italy saw Scotland top Group C. They will play New Zealand on Friday, while England, who beat Fiji 34-12 on Saturday, face either France or Samoa this weekend.
Twitter frenzy as investors rush in November 7, 2013 TWITTER held one of the most highly-anticipated public debuts of the year yesterday at the New York Stock Exchange (NYSE) with intense investor interest that caused the company’s stock to jump 92 per cent at the start of trading. The social media darling eventually settled at $44.90 (£27.90) a share, up 73 per cent from [...]
ECB slashes interest rates to record low as inflation drops November 7, 2013 THE EUROPEAN Central Bank (ECB) made the shock decision to cut its benchmark interest rate to 0.25 per cent yesterday, the lowest level in the currency union’s history. Despite widespread predictions that the ECB would hold policy stable, president Mario Draghi offered up the first rate cut for the Eurozone in over a year. The [...]
The UK’s hawks are right – but so are the Eurozone’s doves November 7, 2013 BELIEVE it or not the European Central Bank did the right thing yesterday by cutting interest rates. In Britain, Bank base rates should be going up by now; in the US, quantitative easing needs to be tapered; in the Eurozone, however, monetary policy should be loosened. The three economies couldn’t be more different. Hawks are [...]
Regulators clear British firms of gas price-fixing November 7, 2013 ENERGY regulator Ofgem and financial watchdog the FCA yesterday said they had found no evidence of gas market manipulation in Britain after concluding an investigation. A year-long probe into the wholesale gas market was kicked off after a whistleblower, Seth Freedman from price reporting agency ICIS Heron, made allegations of gas price-fixing. “It has been [...]
What the other papers say this morning – 08 November 2013 November 7, 2013 FINANCIAL TIMES Currencies probe shifts to the US A global probe into alleged manipulation of the multibillion-dollar currencies market has widened its focus to include the US, with Barclays putting three New York-based traders on leave. They included foreign exchange spot traders Russell Katz and Jerry Urwin, two of these people said. Mr Katz and [...]
Doubt raised on enthusiasm for pension reform November 7, 2013 THE GOVERNMENT launched proposals for workplace pensions reform yesterday, in an attempt to reduce the burden created for employers in the wake of new auto enrolment laws The proposals revealed by Department for Work and Pensions include regulatory changes designed to allow new forms of defined benefit pensions, which are meant to give employers more flexibility [...]
RBS to pay $150m for US charges November 7, 2013 A unit of the Royal Bank of Scotland agreed to pay more than $150m (£93m) to settle civil charges alleging it misled investors in a financial crisis-era subprime mortgage product, US regulators said yesterday. The Securities and Exchange Commission said the money it will collect from RBS Securities would go toward compensating harmed investors. In [...]
Ireland cleared for bailout exit November 7, 2013 Three years after going cap in hand to international lenders, Ireland got the green light yesterday to step out on its own as the first Eurozone country to exit its bailout programme. The European Commission, European Central Bank and International Monetary Fund signed off on the last part of the €85bn (£70.8bn) aid programme, paving [...]
