Modric: Cattermole could have finished my career November 10, 2010 TOTTENHAM midfielder Luka Modric has let rip at Sunderland midfielder Lee Cattermole, accusing the England Under-21 international of endangering his career. Cattermole, who has been warned by his own manager to clean up his act having already been sent off twice this season, was involved in an ugly flashpoint midway through the second-half of Tuesday’s [...]
Why protesters need a reality check November 10, 2010 IT is a tragic day when the headquarters of a political party in a democracy are stormed by a lawless mob. That is what happened yesterday to the Tory HQ in Millbank; it almost happened at the Liberal Democratic base in Cowley Street. A minority of thugs in the crowd – possibly professional agitators of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 10, 2010 FINANCIAL TIMES GREENSPAN WARNS OVER WEAKER DOLLAR The US is pursuing a policy of weakening its currency which is driving up exchange rates in the rest of the world, according to Alan Greenspan, the former chairman of the Federal Reserve. Writing in today’s Financial Times ahead of the G20 meeting in Seoul, Greenspan argues that [...]
Lloyds risk chief resigns November 10, 2010 LLOYDS Banking Group’s chief risk officer Carol Sergeant is set to leave the bank after almost seven years. Sergeant, who joined the bank from the Financial Services Authority in 2003, said in a statement the move comes at “the right time for me to seek new challenges”. She might seek a role at the top [...]
Cisco forecasts disappoint CEO November 10, 2010 US technology firm Cisco Systems forecast revenue far short of Wall Street’s expectations yesterday, as it warned of uncertain demand from Europe and other markets, sending its shares tumbling 14 per cent. Chief executive John Chambers said he was disappointed at the revenue growth of nine to 12 per cent forecast for the 2011 financial [...]
Fed reveals more QE details November 10, 2010 The Federal Reserve will buy about $105bn (£65bn) of Treasuries and Treasury inflation-protected securities in 18 operations from 12 November to 9 December as part of its next batch of quantitative easing, the New York Fed said last night. Around $75bn of this sum is part of the new $600bn easing programme announced last week, [...]
QE less likely after Bank’s new outlook November 10, 2010 GILT yields shot up after the Bank of England’s inflation report yesterday, with the market moving to price in lower expectations of further quantitative easing (QE). Yields on ten-year gilts jumped 14 basis points to 3.18 per cent from 3.04 per cent before the report was released and sterling rallied to over $1.60 against the [...]
FSA to toughen bank pay law November 10, 2010 FOREIGN banks operating in the UK could be forced to disclose the pay packets of their senior bankers, according to a consultation paper released by the Financial Services Authority (FSA) yesterday. The FSA said it is seeking feedback on whether to close the loophole that exempts banks based outside the European Economic Area from disclosure [...]
Nokia and Apple lose sales to cheap Chinese phones November 10, 2010 NOKIA and other established handset makers are quickly losing global market share to a push by Chinese no-brand vendors into emerging markets, research firm Gartner said. Surging growth of no-brand manufacturers coupled with growing smartphone sales boosted third-quarter mobile phone sales 35 per cent, Gartner said yesterday. But Nokia saw its marketshare slip from 44.6 [...]
Inflation report signals growing split on MPC November 10, 2010 THE Bank of England’s quarterly inflation report yesterday revealed a widening divergence of views as governor Mervyn King admitted that the Monetary Policy Committee (MPC) was caught up in a “vigorous debate” about policy. The report stated that “there is a wider than usual range of views among committee members” as the Bank pushed back [...]
