Asmussen warns that banking body won’t kick off until 2014 November 29, 2012 THE NEW European banking supervisory body, to be set up under the roof of the European Central Bank, will not be ready to operate fully before 2014, an ECB executive board member said yesterday. Making the ECB the supervisor for lenders chiefly in the 17 countries that use the euro would be the first of [...]
Eurozone retail sector suffers another sharp drop in sales November 29, 2012 RETAIL SALES continued to decline in the Eurozone in November, according to data out yesterday, making the month the 13th of shrinking volumes. Markit’s retail purchasing managers’ index rose slightly to 45.8, from 45.3 in October, but still indicated steady contraction, since it remained below the crucial no change level of 50. This came as [...]
IMF wants buy back of Greek debt settled November 29, 2012 THE INTERNATIONAL Monetary Fund will not disburse Greece’s next bailout tranche until the country completes a voluntary buy back of its debt, it said yesterday. Eurogroup finance ministers and the IMF agreed earlier this week to conduct the buy back as part of measures to make Greece’s debt sustainable and release urgent loans that help [...]
Norovirus hits All Blacks for England clash November 29, 2012 ENGLAND’S hopes of ending the year on a high were boosted yesterday when it emerged tomorrow’s opponents New Zealand have been ravaged by the norovirus. The winter vomiting and diarrhoea bug has affected all but two of the All Blacks squad, disrupting their preparations for the Test at Twickenham. No8 Kieran Read said they had [...]
Finn return to fitness heightens pressure on under-fire Broad November 29, 2012 ENGLAND fast bowler Steven Finn has recovered from a thigh strain to travel with the squad to Kolkata for next week’s third Test against India, after coming through a warm-up game unscathed. Finn took 4-50 on Tuesday and bowled seven overs yesterday to prove his fitness during an England Performance Programme innings and 193-run victory [...]
Defoe no to Redknapp reunion November 29, 2012 TOTTENHAM striker Jermain Defoe has dismissed a possible reunion with Harry Redknapp at Queens Park Rangers and pledged to see out his career at White Hart Lane. Redknapp has prioritised signing a forward as he looks to reverse his new club’s disastrous start to the season and drag them off the bottom of the Premier [...]
Flintoff ready to bowl over his critics for debut inside the ring November 29, 2012 FORMER England cricket captain Andrew Flintoff has vowed to prove his doubters wrong when he makes his boxing debut against American Richard Dawson at the Manchester Arena tonight. The Ashes hero’s boxing venture has been met with surprise and criticism, despite having former world featherweight champion Barry McGuigan in his corner. Flintoff’s opponent is undefeated [...]
Red Rose must channel anger at Twickenham November 29, 2012 IF recent form over the last two seasons is any indication to the outcome of tomorrow’s match, England have no chance against New Zealand. In simple rugby terms an experienced, powerful and talented All Black team will have the beating of a fledging England side. However, do not underestimate home advantage. England must be high [...]
Vettel to stay champion as FIA clear pass November 29, 2012 FERRARI’s hopes of Fernando Alonso being handed the world title on a technicality have been dashed after Formula One’s governing body the FIA said Sebastian Vettel committed no offence during the Brazilian Grand Prix on Sunday. Vettel won the title at Interlagos by just three points but Ferrari have written to the FIA for official [...]
Ponting to quit as the greatest, says Vaughan November 29, 2012 FORMER England captain Michael Vaughan has hailed his adversary Ricky Ponting as the best batsman he ever faced after the Australian announced his intention to retire from international cricket after the third Test against South Africa. Ponting, who is the second highest run scorer in Test history behind Indian Sachin Tendulkar with 13,366 runs, plays [...]
