M’Vila drops Gunners hint June 17, 2012 France international midfielder and Arsenal target Yann M’Vila has admitted he is interested in joining the club for next season. “I have heard Arsenal are interested in me,” he said. “I like Arsenal and I like the Premier League. I don’t know what is happening with the clubs, but yes, I would be interested in [...]
Cook to continue attacking June 17, 2012 England captain Alastair Cook will stick with his attacking tactics for the second one-day international against West Indies tomorrow. “It makes it very hard for the opposition to get away from us,” Cook said, after England’s bowlers repaid his faith by bowling West Indies out for 172 on Saturday.
Ireland duo to miss final Test June 17, 2012 Ireland will be without centre Gordon D’Arcy and No8 Jamie Heaslip for Saturday’s final Test against New Zealand after suffering respective calf and finger injuries. Ulster’s Paddy Wallace will replace D’Arcy, though no one will be called up for Heaslip.
£100bn gamble to save UK economy June 14, 2012 EMERGENCY measures to try to kick start an economic recovery were announced by Sir Mervyn King and George Osborne at Mansion House last night, aiming to pump cash into the financial system and boost lending to businesses. The printing presses are set to be switched back on at the Bank of England as King warned [...]
Central banks on standby if Greek vote hits markets June 14, 2012 CENTRAL banks have devised a plan to boost liquidity and prevent a credit crunch if Greeks fail to elect a pro-bailout government on Sunday. A senior US official cautioned that the Greek election will not provide “the definitive signal on what happens next”, stating that central bankers are on standby to ensure enough cash is [...]
Government’s plan to subsidise credit could easily backfire June 14, 2012 USUALLY, formal dinners at Mansion House in the City are highly enjoyable but somewhat predictable affairs. This one was unusually exciting. For the first time I can remember, the speeches from George Osborne and Sir Mervyn King included major news bombshells. The Bank is launching an £80bn “funding for lending” plan to cut the cost [...]
US investors eye stimulus after weak jobs stats June 14, 2012 WEAK US jobless figures and lower inflation helped fuel an uptick on Wall Street yesterday, as traders took the data as a signal that a new round of quantitative easing is more likely. The Labor Department reported 386,000 new claims for jobless benefits last week, an unexpected rise of 6,000 on the previous week. And [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 14, 2012 FINANCIAL TIMES Money managers reap US crop insurance rewards Institutional money managers have emerged as unlikely beneficiaries of a subsidised safety net for US farmers set for expansion by Washington. Basel III will damage developing countries Tough global bank reforms will be disproportionately difficult to implement in developing economies and will damage their growth, a [...]
French banks’ ratings slashed June 14, 2012 Moody’s Investors Service has today downgraded the standalone bank financial strength rating of five French lenders – Credit Industriel et Commercial, Credit Mutuel Arkea, Oddo & Cie, Banque Federative du Credit Mutuel and the BPCE including some of its subsidiaries – citing their vulnerability to loss of investor confidence in the highly uncertain current European [...]
OPEC leaves oil output on hold June 14, 2012 Opec left the ceiling for oil production on hold yesterday, powerless to do anything other than hope top producer Saudi Arabia scales back supplies unilaterally soon to stem a $30 (£19.28) slide in prices. Several in the Organisation of the Petroleum Exporting Countries called on Saudi to cut back to bring collective supply down to [...]
