Coalition’s crazy credit contradiction February 13, 2012 YOU can’t have lending without borrowing. They are the two sides of the same coin. Yet try telling that to those who, in the same sentence, want more lending yet also want the UK to deleverage. As contradictions go, it takes some beating. But this entire debate is disturbingly muddled. Two different concepts are mixed [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 13, 2012 FINANCIAL TIMES HONDA TO ACCELERATE OUTPUT IN EUROPE Honda says it will nearly double its production of cars in Europe as it seeks to reduce its reliance on imports form Japan and recover from a disastrous year. The carmaker’s European boss said that Honda aimed to increase production at its main European plant in Swindon [...]
Goldman dealmaker retires February 13, 2012 GOLDMAN SACHS has promoted David “Dusty” Philip to co-head of investment banking for industrial companies, as incumbent George Mattson retires. Philip will work alongside fellow co-head Alex Dibelius, with Mattson staying on for an unspecified handover period, Goldman said in a memo. Philip was previously co-head of Americas mergers and acquisitions. New York-based Mattson, who [...]
BHP and Rio spend $4.5bn on mine February 13, 2012 BHP Billiton and Rio Tinto have approved plans for a $4.5bn (£2.8bn) expansion of the Escondida mine in Chile, the world’s biggest copper mine, where BHP said this morning the ore reserve estimate has been increased by 25 per cent. BHP, operator of the mine, plans to spend $2.6bn on two projects to boost output [...]
Volcker: rule won’t hit UK bonds February 13, 2012 Former Federal Reserve chairman Paul Volcker last night insisted a proposed ban on proprietary trading by US banks – named the Volcker Rule after him – would not threaten the UK government bond market. The UK has voiced concern that the Volcker rule would disrupt sovereign bond markets. But Volcker wrote in the FT: “The [...]
Cook sets tone as England win at long last February 13, 2012 Captain excels with best ever one-day score while Finn does the damage with the ball as Pakistan are crushed by 130 runs in one-sided series opener ENGLAND one-day captain Alastair Cook admitted to feeling a combination of jubilation and relief after his century helped set the tone for his side’s first significant victory of their [...]
Belly putter is different to the broomhandle and authorities should consider outlawing it February 13, 2012 AS SOMEONE who pioneered the use of the broomhandle putter over 20 years ago I realise I’m leaving myself open to accusations of hypocrisy, but I welcomed the news last week that the R&A, as well as the US Golf Association, are planning to take a closer look at the increasing use of the controversial [...]
Mancini treated me like a dog, says returning Tevez February 13, 2012 MANCHESTER CITY exile Carlos Tevez has jeopardised his fragile hopes of a rapprochement by launching a fresh attack on manager Roberto Mancini, who he accused of treating him like a dog. Tevez, who is due back at the club today following four months of bad blood, revealed he once nearly came to blows with Mancini [...]
Sponsors urged Reds action February 13, 2012 Standard Chartered complained to Liverpool over Suarez LIVERPOOL sponsor Standard Chartered has confirmed it raised concerns with Reds chiefs over striker Luis Suarez’s latest flashpoint with his Manchester United nemesis Patrice Evra. The Anfield club issued a flurry of apologies on Sunday after severe criticism of Suarez’s refusal to shake hands with Evra before Saturday’s [...]
Hazard drops big Tottenham hint February 13, 2012 LILLE’S coveted Belgian winger Eden Hazard has revealed Tottenham could be his unlikely destination in the summer. The 21-year-old, who is being targeted by a number of stellar European clubs, is to leave the French champions in the close season and has already indicated his desire to move to the Premier League. “Maybe I’ll go [...]
