Booming Asia will support global recovery, says poll of economists October 14, 2010 THE world economy is set to rely even more heavily on booming emerging markets next year as recovery in rich nations from the worst financial crisis in generations plods on, according to a survey – but most nations will avoid a double dip recession. The consensus from more than 500 economists polled by?Reuters across the [...]
New takeovers by Venezuela’s leader Chavez October 14, 2010 A string of nationalisations in Venezuela in recent days show President Hugo Chavez is pushing ahead with takeovers that critics say are undermining an economy that is already the worst performing in South America. Almost all the businesses expropriated during the 12-year rule of the leftist firebrand have struggled to maintain production levels – a [...]
City’s small businesses are crying out for help October 14, 2010 IT IS a known fact that when recession strikes there is a lag between companies beginning to feel the pain and actually getting into real difficulties. This time around it is no different and, with just days to go until the Comprehensive Spending Review is unveiled, many UK businesses that are already struggling are hoping [...]
England edged into third in medals table in final event October 14, 2010 ENGLAND were dramatically pipped to second place in the Commonwealth Games medals table by hosts India after losing three badminton finals. Nathan Robertson was beaten in two of the finals, the mixed doubles and men’s doubles, while England’s No1 Rajiv Ouseph also had to settle for silver in the men’s singles. That allowed India to [...]
Barrick hit by criminal gang October 14, 2010 African Barrick Gold yesterday slashed its 2010 production target for the second time in three months after claiming it had discovered alleged fuel theft at its new Buzwagi mine, sending its shares down. The company said it discovered a criminal syndicate had infiltrated the open-cast pit and was allegedly stealing fuel there. It has suspended [...]
Capitalise on confusion October 14, 2010 IT IS every company’s worst nightmare. First, a fraud that appears to go to the heart of one of its key assets. Then, a costly and distracting investigation that could actually prove more damaging than the theft itself. With 60 employees suspended, around 40 per cent of the Buzwagi mine’s staff, production will now be [...]
DALLAGLIO’S LOOK AHEAD | EUROPEAN ACTION PREVIEW October 14, 2010 LAWRENCE DALLAGLIO tells City AM how he thinks London clubs will fare in this weekend’s fixtures in the Heineken Cup and Amlin Challenge Cup OSPREYS V LONDON IRISH (Heineken Cup, Friday) Ospreys will be disappointed to have lost against Toulon last week as they held firm until the last quarter of the game. This is [...]
Curbs on loan insurance hit bank sector October 14, 2010 UK lenders are to be banned from selling customers payment protection insurance (PPI) alongside credit products such as personal loans. The Competition Commission yesterday confirmed it will introduce a point-of-sale PPI prohibition as part of a package of reforms designed to make the PPI market more competitive. The decision confirms a provisional ban issued by [...]
Belief at Sarries still high October 14, 2010 SARACENS may have lost last weekend to Clermont Auvergne but that has not knocked the team’s confidence at all. We played very well against the French champions but just did not take our opportunities. If we want to return to winning ways in our second Heineken Cup fixture, against Leinster tomorrow, we are going to [...]
Car industry brings motor show to a halt October 14, 2010 Motor industry bosses are axing the flagship British International Motor Show after more than a century, blaming the impact on the industry of the economic slump. The Society of Motor Manufacturers & Traders (SMMT) said the biennial show, which last took place in 2008 but was cancelled this year, would not be reinstated in 2012. [...]
