Platini proposes Gulf World Cup January 12, 2011 FOOTBALL: Uefa president Michel Platini has called for the 2022 World Cup to be played across the whole of the Gulf. Qatar will host the 2022 tournament with Fifa boss Sepp Blatter keen to hold it in winter. “I hope it will be a World Cup of the Gulf,” said Platini.
South Africa thrash India in ODI January 12, 2011 CRICKET: South Africa made a perfect start to their one-day series with India, winning by 135 runs in Durban. India were all out for 154, chasing 290 as Lonwabo Tsotsobe took 4-31.
Robertson too strong for Hendry January 12, 2011 SNOOKER: World champion Neil Robertson avoided a first-round Masters shock with a 6-3 win over six-times champion Stephen Hendry.
Mecom turns down merger suggestion January 12, 2011 MECOM, the European regional newspaper group, has turned down a takeover approach from Trinity Mirror, publisher of the Mirror titles. The approach, which came in a telephone call from Trinity chairman Sir Ian Gibson a few weeks ago, according to Sky News, was rejected by his opposite number at Mecom. No announcements were made to [...]
Npower to sell power to the Grid January 12, 2011 Energy company Npower plans to step in to support the National Grid during times of high energy demand by using its customers to help power the network. Around 50 industrial sites in the UK are already paid by the Grid to offer their stand-by generators for national use when the network is stressed, most recently [...]
Russian miner plans LSE float January 12, 2011 Russian coal and iron ore miner OAO Koks said yesterday it plans to float in London raising £400m to expand its operations. The Siberian based firm, which is controlled by Boris Zubitsky and his family, plans to offer shares and global depositary receipts in the business in Moscow and London. The firm said in 2009 [...]
Morgan Stanley fund raises $1bn January 12, 2011 MORGAN Stanley Investment Management, the asset management unit of Morgan Stanley (MS), said its first dedicated corporate mezzanine fund has closed with $956m (£607m) in capital from investors, in the largest such launch in a year. The fund, Morgan Stanley Credit Partners, or MS Credit, invests primarily in fixed income securities issued by middle-market companies [...]
Coal prices to soar as floods reach a peak January 12, 2011 TRADERS expect coal prices to rise further after the devastating floods in Australia saw prices jump $10 (£6.40) a tonne earlier in the week. Both thermal and coking coal prices have risen sharply this year due to the impact of the Australian floods, energy consultancy Wood Mackenzie said yesterday. Australian coal is used abundantly to [...]
US cuts fuel fear of food inflation January 12, 2011 SOYBEAN and corn futures jumped yesterday, helping power a broad rally across commodities as both hit 30-month highs after the US government made deep cuts in crop stocks. The run-up in agricultural prices added to concerns about food inflation around the world. Soybean and corn futures jumped four per cent each – to hit $320 [...]
Oil price is near to $100 a barrel January 12, 2011 BRENT crude prices rose yesterday to near $99 a barrel after production shutdowns, falling US inventories and growing demand sent oil toward triple digits for the first time since 2008. Crude gained after a US government report showed oil inventories fell for the sixth straight week, slashing supplies by nearly 27m barrels in that stretch, [...]
