City regulator to review market supervision after Libor scandal July 3, 2012 THE FINANCIAL Services Authority (FSA) is reviewing how wholesale markets are supervised following the interest rate-setting scandal, its chairman Adair Turner said yesterday. “There are no free lunches, and shoddy wholesale practice is not a victimless act, even in those cases where it is not defined as a crime,” Turner told the watchdog’s final annual [...]
Barroso: Bank sins show need for a Tobin tax July 3, 2012 BANKING scandals such as the Libor fixing case have strengthened the case for imposing a Tobin tax on the financial sector, the president of the European Commission said yesterday. Jose Manuel Barroso praised the EU’s moves towards tougher regulation of finance. “Whilst the proposal for a financial transaction tax has unfortunately not met with unanimous [...]
Murray: I’ve got the edge over Ferrer on grass July 3, 2012 BRITISH No1 Andy Murray insists that playing on Wimbledon’s grass surface could make the difference for him today as he anticipates a difficult quarter-final contest against Spain’s David Ferrer. Seventh seed Ferrer defeated Murray 6-4, 6-7 (7-3), 6-3, 6-2 in the last eight of last month’s French Open but the Scot believes that the clay [...]
Spurs to let Villas-Boas spend July 3, 2012 TOTTENHAM chairman Daniel Levy will back new manager Andre Villas-Boas in the transfer market as the North London club aim to secure a return to the Champions League. Villas-Boas yesterday signed a three-year contract to succeed the sacked Harry Redknapp at White Hart Lane and, Levy has confirmed, will be given the funding necessary to [...]
Batsmen will inspire England to series win July 3, 2012 England face Australia at Edgbaston today with the momentum in this one-day international series. If they can triumph again then they’ll know they’re on their way to a series win. If they take a 5-0 victory, they overtake Australia as the world’s top one-day side, but talk of a whitewash remains premature. This isn’t a [...]
Chambers makes Olympics cut July 3, 2012 OLYMPICS: Sprinter Dwain Chambers, a former drugs cheat, has controversially been selected in Team GB’s athletics squad for London 2012. Among those joining him is Jessica Ennis, Mo Farah, Phillips Idowu, Dai Green and Christine Ohuruogu.
Sagan wins his second Tour stage July 3, 2012 CYCLING: Peter Sagan yesterday won the third stage of the Tour de France, his second of the race. The Liquigas rider won the 197km stage from Orchies to Boulogne-sur-Mer to add to his first-stage victory.
BlackRock buys SwissRe private equity business July 3, 2012 US INVESTMENT manager BlackRock is buying Swiss Re’s European private equity arm, marking the second deal for a private equity fund manager in as many days as sellers contend with a new regulatory landscape and tough trading. Swiss Re’s deal to sell its $7.5bn (£4.8bn) private equity and infrastructure fund of funds business follows hot on [...]
Swiss split particles while funds join forces July 3, 2012 IT’S set to be an explosive Fourth of July. Quite apart from the fireworks at the Treasury select committee, today in Geneva the atom-smashers at Cern will announce signs of the elusive Higgs boson, a key component to explaining the property of mass in the universe. Winton Capital was said to be recruiting in Geneva [...]
Wood Mac stake fetches £1.1bn July 3, 2012 HELLMAN & Friedman will take a majority stake in energy analysis group Wood Mackenzie in a deal that values the company at £1.1bn including debt, marking a relatively quick turnaround for seller Charterhouse in a sluggish market. The deal comes just three years after Charterhouse bought the firm – which has over the years been [...]
