Trichet: Strict rules needed June 21, 2010 EUROZONE states which fail to adhere to fiscal rules could see their voting rights withdrawn, European Central Bank (ECB) president Jean-Claude Trichet told the European Parliament yesterday. Speaking before the economic and monetary affairs committee, Trichet said that fiscal surveillance must be more direct and effective. He added: “In the event of non-compliance, sanctions need [...]
ECB welcomes shift in China’s yuan policy June 21, 2010 CHINA’S decision to reform its exchange rate system was yesterday welcomed by the European Central Bank (ECB) and the president of the Eurogroup Jean-Claude Junker. In a statement yesterday it said: “The euro area continues to have a clear interest in a strong and stable international financial system, as excess volatility and disorderly movements in [...]
New ball has fan at last as Portugal blitz North Korea June 21, 2010 PORTUGAL(7) vs NORTH KOREA(0) PORTUGAL boss Carlos Queiroz has become the first manager to laud the much-maligned new ball – after seeing it nestled in his opponents’ net seven times. Queiroz’s men racked up the biggest win at World Cup finals since Germany hammered Saudi Arabia 8-0 in 2002 to take a huge step towards [...]
BP sees stock slide as spill costs mount June 21, 2010 BP’S SHARES took a nosedive yesterday on news that the oil major’s partner in the Gulf of Mexico, Anadarko Petroleum, is refusing to pay out claims related to the spill while total costs have already pushed past £1bn. The group’s shares tanked in London trading, falling by more than 11 per cent to 338.24p, before [...]
Chile too hot for 10-man Switzerland as they march on towards last-16 June 21, 2010 CHILE(1) vs SWITZERLAND(0) MARK GONZALEZ’S late header broke the resistance of 10-man Switzerland and put Chile on the verge of a place in the last-16. The former Liverpool winger headed home Estaban Paredas’ cross with 15 minutes to go after the Swiss had West Ham’s Valon Behrami sent off. It means Chile got top of [...]
Hayward could get £10.8m pension pot June 21, 2010 TONY HAYWARD, the BP chief executive at the centre of public fury in the US, could receive a £10.8m pension should he stand down from his post. The embattled oil boss is thought to receive a yearly pension of more than £500,000 according to Hargreaves Landsdown, which calculated the figure based on information contained within [...]
WORLD CUP NEWS | IN BRIEF June 21, 2010 France end revolt over Anelka THE French squad returned to training yesterday to end their boycott over the expulsion of Nicolas Anelka. The squad opted to not take part in training on Sunday after the Chelsea striker was sent home for a row with coach Raymond Domenech and then refused to apologise. President Nicolas Sarkozy [...]
Anglo Irish is closing in on deal for Quinn June 21, 2010 ANGLO Irish Bank has ramped up its efforts to buy beleaguered insurance group Quinn, by proposing to inject capital and buy out bondholders. Anglo Irish, which was nationalised in January 2009, hopes to win approval from the Irish Financial Regulator with its proposals, following concerns over a publicly-owned bank owning an insurance company. Under the [...]
Capello: Terry made a big mistake June 21, 2010 FABIO CAPELLO late night slammed John Terry’s criticism of England’s World Cup campaign, insisting the former captain had made a “big mistake” in speaking out in public. Less than 48 hours before the crunch Group C decider with Slovenia, Capello moved to underline his authority in the camp after Terry claimed on Sunday that several [...]
Sainsbury’s supermarket to shuffle top jobs June 21, 2010 J SAINSBURY became the latest supermarket to shuffle its management team yesterday, in an attempt to cement its plans for long-term growth. The UK’s third-biggest grocer has promoted chief financial officer Darren Shapland to the post of group development director, overseeing business development and group strategy. Mike Coupe, currently trading director, will become the group’s [...]
