Lehman set to exit bankruptcy December 6, 2011 Lehman Brothers Holdings Corp, now just the odds and ends of the global financial behemoth that collapsed in September 2008, yesterday received court approval yesterday to exit bankruptcy early next year. Lehman may now wind down its remaining operations, US bankruptcy judge James Peck told a hearing in New York. Unsecured creditors, depending on their [...]
Job placements at 25-month low December 6, 2011 British recruitment firms said the number of people placed in permanent jobs fell at the fastest pace since 2009 in November, highlighting the pressures on the economy at a time of public spending cuts and worries about the Eurozone. A survey for the Recruitment and Employment Confederation (REC) and accountant KPMG released today shows that [...]
EC boss says nations can’t block treaty December 6, 2011 MOST countries will not get a vote on tighter fiscal integration, allowing Germany to force through new financial controls across the Eurozone, European Council president Herman Van Rompuy said yesterday in a report sent to EU leaders ahead of tomorrow’s two-day summit. US Treasury secretary Tim Geithner added his weight to efforts to resolve the [...]
Cameron pledges to protect the City December 6, 2011 PRIME Minister David Cameron has vowed to protect the City by blocking any revised EU treaty if European leaders do not provide safeguards for Britain’s financial services. “I will not sign a treaty that does not have those safeguards in it, around things like the importance of the single market and financial services,” he told [...]
S&P rating cut looms for EFSF December 6, 2011 EUROPE’S financial stability facility could be downgraded because its guarantors’ credit ratings are all looking shaky, Standard and Poor’s said yesterday, endangering any future efforts to save indebted governments. The warning came as French Prime Minister François Fillon claimed a Eurozone break-up could cost “25 per cent of GDP for the strongest countries and about [...]
Greek leaders agree budget December 6, 2011 GREECE’S new coalition government last night passed an austerity budget for 2012, aimed at shrinking its debt mountain with tax hikes and spending cuts. Three major parties backing technocrat Prime Minister Lucas Papademos solidly voted for the budget plan, a package of deeply unpopular measures needed to cut the deficit and show foreign lenders the [...]
IRELAND PASSES AUSTERITY PLAN AS IT LOWERS GROWTH OUTLOOK December 6, 2011 Ireland’s coalition government yesterday announced €1.6bn (£857m) worth of tax increases in the second part of what it hopes will be the toughest budget of its five-year term of office. Minister for finance Michael Noonan (left) aimed the government axe at social welfare payments, the health sector and education, with fuel and rent allowances, disability [...]
AVB FUMES, DROGBA BLOOMS December 6, 2011 Victory provides ‘slap in the face’ for Chelsea’s critics CHELSEA 3 vs VALENCIA 0 CHELSEA manager Andre Villas-Boas launched a blistering attack on perceived media “persecution” after swerving a premature Champions League exit and emerging as surprise winners of Group E. Two goals and a vintage performance from Didier Drogba, plus a third from Ramires, [...]
Blues manager has Roman’s trust December 6, 2011 HE’S FAR from out of the woods yet, but emerging from such a high-stakes match is a monumental boost to Chelsea manager Andre Villas-Boas. Elimination at the group stage would have represented the club’s worst ever Champions League performance, and would only have amplified calls for the Portuguese rookie to go sooner rather than later. [...]
MATCH ANALYSIS December 6, 2011 KEY MOMENT Tension swirled around this match during the build-up to this must-win clash for Chelsea, but it dissipated after less than three minutes. Daniel Sturridge swung the ball from right wing to back post, Juan Mata, playing against his former side, laid off to Didier Drogba and the evergreen Ivorian drilled past the hapless [...]
