Banned Butt investigated before spot-fixing affair February 9, 2011 FORMER Pakistan cricket captain Salman Butt had already been investigated by the ICC three months before the major spot-fixing scandal broke. Butt was handed a 10-year ban for the part he played in the instances of spot-fixing alleged to have taken place in the fourth Test between England and Pakistan at Lord’s last summer. But [...]
Tremlett added as World Cup cover February 9, 2011 ASHES hero Chris Tremlett will fly out to Bangladesh as a travelling reserve with England’s World Cup squad on Saturday. The Surrey paceman was not included in the initial 15-man squad, but with injury concerns over the likes of Ajmal Shahzad, Stuart Broad and Tim Bresnan, England, despite issuing a positive bulletin on the state [...]
Murray beaten by Baghdatis February 9, 2011 TENNIS: Beaten Australian Open finalist Andy Murray lost on his first appearance since his humbling defeat in Melbourne 6-4, 6-1 against Marcos Baghdatis in Rotterdam at the World Tennis Tournament. “I need to think about what I need to do to be playing my best tennis by Indian Wells and Miami in March,” said the [...]
Heidfeld to begin Renault testing February 9, 2011 FORMULA ONE: Former Sauber driver Nick Heidfeld, 33, will begin testing for Renault this week as the team step up their efforts to find a replacement for the injured Robert Kubica. The 26-year-old Pole is recovering in hospital after suffering multiple fractures during a rallying accident in Italy. Heidfeld was confirmed to drive alongside second [...]
Scotland boost as Robinson signs until 2015 February 9, 2011 SCOTLAND head coach Andy Robinson has extended his contract until 2015, thus ending speculation which had linked him with a return to Premiership side Bath. Robinson, a former England manager, has steadily improved Scotland’s fortunes since taking the job two years ago, with last autumn’s victory against world champions South Africa the standout achievement. The [...]
The Wizard of Os: Merlin plan causes cracks in coalition February 9, 2011 GEORGE Osborne’s flagship agreement with banks over bonuses and lending – dubbed project Merlin – was thrown into disarray last night, after a Liberal Democrat Treasury spokesman was sacked for attacking the deal. Lord Oakeshott, the Liberal Democrat Treasury spokesman, was unceremoniously ousted after he said the agreement was “pitiful” and “not as tough as [...]
Now NYSE in merger talks with Deutsche February 9, 2011 A SECOND giant stock exchange merger looked likely yesterday as Germany’s Deutsche Börse and multi-country platform NYSE Euronext confirmed they were in advanced talks. The merger would create the world’s largest equities exchange by revenues and profit and generate about €300m (£254m) in cost savings from economies of scale, they said yesterday. The announcement and [...]
SEC to avoid credit raters February 9, 2011 AMERICA’S top financial watchdog voted to propose reducing credit rating agencies’ input into several key documents for securities offerings yesterday. The Securities and Exchange Commission (SEC) voted 5-0 that forms to be completed by companies registering securities for a sale should no longer require rating references provided by the agencies. The move is the latest [...]
The top ten real causes of the crisis February 9, 2011 IN the end, Merlin turned out a damp squib. This is goodish news, because the deal is based on a faulty interpretation of the crisis. Here are the ten most important causes of our problems. 1) Loose, ultra-interventionist monetary policy from central banks that kept stepping in whenever growth slowed or the stock market fell. [...]
What the other papers say this morning February 9, 2011 FINANCIAL TIMES TPG LOSES ANOTHER SENIOR ASIA EXECUTIVE Mary Ma, a Chinese executive at TPG Capital, is leaving to start a fund, joining other mainland executives from western buy-out firms who will start out on their own. Ma, former chief financial officer of Lenovo, joined TPG’s Asia team as managing director and a partner in [...]
