Bolt records fastest sprint of 2012 May 31, 2012 Jamaican sprinter Usain Bolt recorded 9.76 seconds in the 100m sprint at the Rome Diamond League, the fastest time in the world this year. “I knew I could do it,” said Bolt.
Depositors rush to leave Spain’s banks May 31, 2012 TENS of billions of euros left Spain’s risky banks last month, central bank data showed yesterday, as depositors took cash to safer locations abroad at the fastest rate since records began in 1990. A net total of €66.2bn (£53bn) was sent abroad, up from €5.4bn in the same month last year and showing an acceleration [...]
Brussels urges Spain to clarify its plans for Bankia bailout May 31, 2012 SHARES in bankrupt Spanish lender Bankia were suspended from trading yesterday as the European Commission told Madrid that it must end uncertainty over its bailout plans. EU commissioner Amadeu Altafaj said: “What we need first of all is for the Spanish government to tell us its restructuring plans for Bankia, what options it is considering… The [...]
ECB’s Draghi in push to unify banking power May 31, 2012 THE EUROZONE’S governments will need to give more powers to Brussels and cooperate far more closely on taxes, spending and financial regulation, European Central Bank (ECB) boss Mario Draghi said yesterday, urging leaders to act quickly to stamp out doubts over the union’s future. “Can the ECB fill the vacuum of lack of action by [...]
Ireland casts its vote on the Eurozone austerity agreement May 31, 2012 IRISH voters cast their ballots on the Eurozone’s latest fiscal pact yesterday, though “yes” campaigners worried that the wet weather would discourage supporters from going to the polling stations. The result of the referendum is not expected until this afternoon, though opinion polls before the vote had put Ireland on course to comfortably back the [...]
Ireland’s referendum May 31, 2012 Q What, there’s another referendum in Ireland? A Yes, Ireland is once again the only European country to give its population a direct say on a financial deal for the Eurozone. Q And what are they voting on this time? A The same deal that David Cameron kindly saved Britain from voting on last year, [...]
Fall in Europe’s inflation rate May 31, 2012 EUROZONE inflation eased further than expected to its lowest level in more than a year in May, official data showed yesterday, giving the European Central Bank (ECB) a little more room to lower interest rates amid fears of deep recession across the continent. Consumer price inflation in the 17 nations sharing the euro fell to [...]
Greek deposits shrink by 21pc May 31, 2012 GREECE’S biggest banks have lost over a fifth of their deposits over the last year, it emerged yesterday, as Eurobank EFG and Alpha Bank reported losses for the first quarter of 2012 and a worsening in the quality of their loanbooks. Adding their data on customer deposits to that of Piraeus Bank and National Bank [...]
Borrows digs in at 3i with £6.9m share purchase May 31, 2012 THE new chief executive of 3i has bought nearly £7m of shares in the investments group in a show of faith in his new strategy. Simon Borrows has spent around £6.9m on 4m shares spread over three days this week. The veteran banker and former chief investment officer, who took over from Michael Queen in [...]
Culture secretary Jeremy Hunt told he will not face ministerial code probe May 31, 2012 DAVID Cameron said yesterday he will not order an inquiry into whether Jeremy Hunt broke the ministerial code during News Corp’s controversial £8bn bid for BSkyB. The announcement came after the culture secretary’s appearance at the Leveson inquiry yesterday, in which he admitted he was sympathetic to the BSkyB bid and said he considered resigning after [...]
