US issues revised plan for swap trading transparency December 16, 2010 THE US derivatives regulator set out a revised position on trading platforms and requirements for swaps yesterday. The proposals would make trading in the most popular swaps as transparent as stock exchanges, while trying to ensure that requirements for less popular swaps don’t burden them too far. The Commodity Futures Trading Commission (CFTC) is working [...]
Five more charged in American insider information probe December 16, 2010 THE US probe into insider trading widened yesterday with the arrests of three technology company managers and a salesman on charges of leaking secrets about companies including Apple to hedge funds. A fifth person, a former Dell employee, pleaded guilty to charges of providing inside information about the company on 10 December. The executives charged [...]
Lampard set to return for Chelsea date with United December 16, 2010 CHELSEA have received a major boost ahead of their crunch Premier League clash with Manchester United after Frank Lampard came through a practice match unscathed. Lampard completed the 60-minute game behind closed doors at the Blues’ Cobham training ground yesterday in what was an urgent bid to boost his fitness ahead of the match with [...]
WIKI FOUNDER WALKS FREE ON BAIL December 16, 2010 WIKILEAKS founder Julian Assange said he would “continue my work and continue to protest my innocence” after being granted bail in the High Court yesterday. Judges released him after supporters raised £240,000 and stipulated where he must live. Assange, 39, has vowed to continue operating his controversial website as he fights extradition to Sweden on [...]
Helicopter privatisation delayed December 16, 2010 A deal to privatise helicopter search and rescue services crash landed yesterday after the preferred bidder became aware of an unspecified “possible issue” with its bid, the government said yesterday. Earlier this year, Britain chose the Soteria consortium, which includes French defence company Thales, as preferred bidder for the contract worth £6bn. Transport secretary Philip [...]
King vice chair of EU supervisor December 16, 2010 Bank of England governor Mervyn King was elected first vice chair of the new European Systemic Risk Board (ESRB) that came into force yesterday in a move that may allay UK concerns of being overruled by Europe. The ESRB will monitor potential credit and asset bubbles across the 27-country bloc and recommend action before markets [...]
Grant optimistic West Ham’s luck will change December 16, 2010 UNDER-FIRE West Ham manager Avram Grant is confident his players will collect enough points over the Christmas schedule to keep him in a job beyond the festive period. With the Hammers in danger of being cut adrift at the bottom of the Premier League it is understood that Grant has been given three games to save [...]
Spain auction disappoints December 16, 2010 YIELDS on Spain’s sovereign debt shot up ahead of a long-dated bond auction yesterday, even as the Spanish parliament voted to extend the country’s state of emergency to 15 January. The state of emergency keeps the country’s airports under military control after a strike about government cuts by air traffic controllers shut down the country [...]
Accord in Brussels will not be enough to stave off crisis December 16, 2010 EUROPE’S leaders are meeting under a cloud today as they attempt to thrash out a solution to the Eurozone’s debt crisis in the wake of a lacklustre Spanish bond auction and ongoing disputes between nations. On the first night of the summit yesterday, European Commission President Jose Manuel Barroso delivered a stark warning to the [...]
CHAMPIONS LEAGUE 2010-11 December 16, 2010 AFTER 96 group stages matches and 276 goals, the wheat has been cut from the chaff. Among the remaining 16 teams are the English quartet of Chelsea, Manchester United, Arsenal and Spurs, who will find out thier next opponents in today’s draw. The Gunners will be most worried, with Barcelona or Real Madrid potentially next [...]
