Zhang to set golf record June 12, 2012 GOLF: Fourteen-year-old Andy Zhang will tomorrow become the youngest post-war player in the US Open when he tees off in the first round tomorrow. China-born, America-based Zhang replaces injured Englishman Paul Casey, who is recuperating from a dislocated shoulder.
Wales defeat Brumbies June 12, 2012 RUGBY UNION: Wales’ second-string ran out 25-15 victors over Brumbies in yesterday’s tour game with 15 points from James Hook and tries from Alun Wyn Jones and Justin Tipuric.
Gavin set for title fight June 12, 2012 BOXING: Undefeated British boxer Frankie Gavin will be among the chief support of David Haye’s 14 July fight with Dereck Chisora. Gavin will fight for the vacant WBO European light-middleweight title, though his opponent is yet to be confirmed.
Spanish bailout bombs June 11, 2012 SPAIN’S bank bailout comprehensively failed to gain market support yesterday, as investors realised the deal had done little to solve the underlying problems facing the Eurozone’s inefficient economies. Prime Minister Mariano Rajoy claimed on Sunday the €100bn (£80.6bn) plan to recapitalise his country’s devastated banks had “resolved” much of the cause of the crisis. But [...]
EU has contingency plans for Greece currency exit June 11, 2012 EUROPEAN finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing Eurozone capital controls as a worst-case scenario should Athens decide to leave the euro. EU officials have said the ideas are part of a range of contingency plans. They emphasised that the discussions were merely about being [...]
Euro establishment isn’t learning any lessons from the crisis June 11, 2012 IT seems that €100bn no longer buys very much these days. Yesterday’s post-bailout rally fizzled out almost as soon as the markets opened, as traders’ innate over-exuberance soon turned into jaded realism. Spain and the Eurozone are still in deep trouble; these days, you can only fool the markets for a few hours. There are [...]
Cyprus says it is heading toward its own bailout June 11, 2012 CYPRUS may become the fifth Eurozone government to be bailed out because its banks are too heavily exposed to the devastated Greek economy, its finance minister warned yesterday. “The issue is urgent. We know the recapitalisation of the banks must be completed by 30 June, and there are a few days left,” said finance minister [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 11, 2012 FINANCIAL TIMES Google deal with French publishers Google hailed what it called a “pioneering” agreement in France yesterday over digitising out-of-print books, ending six years of litigation between the US search company and French publishers. The two sides said they had agreed a “framework agreement” under which French publishers can strike their own commercial arrangements [...]
Santander is downgraded June 11, 2012 THE PRICE of oil tumbled three per cent yesterday, with US crude at its lowest for the year, thanks to fears that the Eurozone debt crisis will engulf more countries and threaten petroleum demand. Also pressuring prices, top exporter Saudi Arabia said Opec may need to raise oil output targets at its Thursday meeting in [...]
Oil tumbles on downturn fear June 11, 2012 THE PRICE of oil tumbled three per cent yesterday, with US crude at its lowest for the year, thanks to fears that the Eurozone debt crisis will engulf more countries and threaten petroleum demand. Also pressuring prices, top exporter Saudi Arabia said Opec may need to raise oil output targets at its Thursday meeting in [...]
