Pietersen a major doubt for India Twenty20 clash October 27, 2011 ENGLAND batsman Kevin Pietersen will have a fitness test on his broken thumb today but is rated “very doubtful” for his side’s one-off Twenty20 match against India at Eden Gardens tomorrow. Pietersen missed the final match of England’s 5-0 one-day series hammering by their hosts, at the same venue on Tuesday, having injured his thumb in [...]
Brit bobsleigh star fractures spine in crash October 27, 2011 A BRITISH bobsleigher was said to be in a “stable” condition last night after fracturing her back during a training crash in Germany. Brakewoman Serita Shone underwent spinal surgery after the accident in Winterberg. Driver Fiona Harrison, meanwhile, suffered a head injury and is under observation in hospital. GB performance director Gary Anderson said: “I [...]
SPORT | IN BRIEF October 27, 2011 Tuilagi out injured for six weeks RUGBY UNION: Leicester Tigers centre Manu Tuilagi is likely to be out of action for six weeks with a broken cheekbone. Tuilagi, one of the few on-pitch success stories from England’s World Cup campaign in New Zealand, was hurt in last week’s win over Gloucester. The injury will rule Tuilagi out [...]
City bonuses will plunge to 2003 lows October 27, 2011 THE TOTAL value of City bonuses is set to plunge nearly 40 per cent to £4.2bn this financial year as Eurozone turmoil and weaker bank profits drag down payouts to barely a third of pre-crisis levels. The level of bonuses in 2011-12 will be the lowest for nine years, according to the Centre for Economics and [...]
Markets surge on US growth and euro plan October 27, 2011 AMERICA’S economy grew at its fastest pace in a year, official data for the three months to September claimed yesterday. Stocks surged as the bell rang on Wall Street, after the government’s figures estimated annual GDP expansion of 2.5 per cent in the third quarter. The Dow Jones industrial average soared by over 258 points [...]
Markets wait for the devil in the details October 27, 2011 “THE EURO continues to rest on solid fundamentals,” proclaimed the Eurozone statement put out at 4am yesterday morning. Despite surpassing markets’ low expectations and providing some patches of long-desired detail, the statement was met with increasing scepticism by the evening. Leaders agreed to leverage the European Financial Stability Facility (EFSF) – the region’s bailout fund [...]
Why the euphoria was not justified October 27, 2011 MARKETS are hugely preferable to central planning – but sometimes capitalism’s finest get it spectacularly wrong. Yesterday’s deluded jump in stock prices – the FTSE is now back up to 5,713.82 – was a gross over-reaction to the Eurozone’s deal. A sigh of relief that the outcome wasn’t worse would have been understandable; but there [...]
MPC’s Fisher: Significant risk of a double dip recession in the UK October 27, 2011 A RECESSION may be on the way, Paul Fisher from the Bank of England’s monetary policy committee (MPC) warned yesterday, as new data revealed retail sales and consumer confidence are plummeting. The economy could “slide back approaching a recession, which is always possible with the sort of financial crisis overhanging,” Fisher told Bloomberg Television. In [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 27, 2011 FINANCIAL TIMES MAYOR TELLS EU TO DROP FINANCIAL TAX Boris Johnson has stepped up London’s opposition to European Union plans for a tax on financial transactions, urging Brussels to drop the proposal “at the earliest opportunity”. The mayor says he is “strongly opposed” to the scheme, which would drive business out of London. THE TIMES [...]
Sarkozy says Greece joining euro was a mistake as Osborne hints at IMF cash October 27, 2011 IT WAS a mistake to let Greece join the euro single currency when it did because its economy was not ready to form a monetary union with others in the club, French President Nicolas Sarkozy said yesterday. “It was a mistake,” Sarkozy said, when asked during a TV interview about having Greece adopt the euro [...]
