First time out is the time to catch Zarrafakt for in-form Lavelle November 8, 2012 PAUL Nicholls had a day to remember last Saturday with big race wins for Silviniaco Conti, Tidal Bay, Kauto Stone and Cristal Bonus, and he is set to unleash another powerful squad at his local track, Wincanton, tomorrow afternoon. The big betting race on the card is the Badger Ales Trophy (3.25pm) which the champion [...]
He’s back November 7, 2012 VICTORIOUS President Barack Obama addressed adoring crowds in Chicago yesterday after winning a second term at the White House, yet was hit by an immediate reality check as markets crashed on the back of renewed tensions in the Eurozone. In New York the Dow Jones crashed by 2.36 per cent to end the day at [...]
All eyes on the fiscal cliff as conflicts linger November 7, 2012 INVESTOR worries over the so called US fiscal cliff are growing following the re-election of Barack Obama to the White House and continuing Republican control of the House of Representatives. Republican House speaker John Boehner last night told Obama that his colleagues were ready to be led towards a fiscal solution. Democrat Obama’s first term [...]
Ten observations on a historic election for the United States November 7, 2012 1 The popular vote was very close: 50.4-48.1 per cent, and a gap of 2.8m votes, against 52.9-45.7 per cent and 9.5m votes in 2008. Obama’s lead was cut from 7.2 points to 2.3 points. However, Obama triumphed in all of the swing states. 2 Many factors destroyed Romney: he was a poor candidate with [...]
Will US markets recover? November 7, 2012 MICHAEL HEWSON | CMC The US market rally appears to have been one of those “act in haste and repent at leisure” types of market reaction which investors in hindsight wish they’d thought better of. Yesterday morning’s news from Europe has seen US markets plunge on the open as investors quickly realised that for all [...]
Republicans retain House but Democrats tighten Senate grip November 7, 2012 REPUBLICANS retained their hold on the House of Representatives yesterday, while Democrats held onto the Senate, maintaining the partisan status quo of the past two years. Republicans guaranteed themselves a majority in the 435-member lower chamber, even before the last results came in through the night. But Democrats increased their majority in the upper chamber [...]
Markets plunge as re-election jitters emerge November 7, 2012 FEARS a split Congress could hamper action on the US economy saw initial market euphoria that the elections had delivered a decisive result rapidly switch to fear on world markets. The Dow plunged 312.95 points in its worst one-day fall for the year, with the FTSE 100 losing 1.6 per cent and the benchmark Eurofirst [...]
How the result might affect UK companies November 7, 2012 As the dust settled on President Obama’s second-term victory, share prices were quick to react yesterday to the impact of another four years of his reign. Financial shares lost ground as any hopes the Volcker rule, part of the Dodd-Frank reforms, curbing proprietary trading by Wall Street banks in securities and derivatives, would be repealed [...]
Greek cuts bill makes it past parliament test November 7, 2012 GREEK LAWMAKERS late last night approved the austerity bill necessary to secure the next tranche of bailout funds from their creditors. The two main governing parties faced down a rebellion from junior coalition partner Democratic Left, and seven of their own MPs, to pass the 500-odd page bill, containing €13.5bn (£10.8bn) worth of cuts 153 [...]
What the other papers say this morning November 7, 2012 THE TIMES EADS offices raided over Austria sale Police have raided several offices belonging to the European aerospace and defence group EADS as part of an inquiry into whether bribes were paid to smooth the sale of Eurofighter Typhoon jets to Austria. THE WALL STREET JOURNAL Occidental Petroleum vying for Yates Occidental Petroleum is among [...]
