Time for Morgan to stake his claim in the Test arena May 26, 2010 HE’S taken Twenty20 by storm – now Eoin Morgan has the chance to prove he can do it at Test level, and I’ll be intrigued to see how he gets on. Morgan has concentrated on making an impact in the shorter forms of the game, but he is likely to need a period of adjustment [...]
Bolt eyes 300m mark May 26, 2010 ATHLETICS: Usain Bolt has his sights set on a third sprint world record – this time in the 300m. The 100m and 200m record holder will race the distance for the first time in the IAAF World Challenge in Ostrava later today with Michael Johnson’s time of 30.85secs the mark to beat. “I’m looking forward [...]
Kartik puts Warwicks in a spin May 26, 2010 CRICKET: Spinner Murali Kartik helped Somerset cruise to a nine-wicket victory over Warwickshire in the County Championship at Taunton. The Indian claimed figures of 6-61 to dismiss the visitors for 207, leaving Somerset with the easy task of knocking off the remaining 45 runs. In division two, Glamorgan thrashed Leicestershire by 10 wickets after skittling [...]
Exeter Chiefs seal promotion May 26, 2010 RUGBY UNION: The Exeter Chiefs clinched promotion to the Guinness Premiership for the first time in their history last night after sealing a 29-10 victory over Bristol in the Championship play-off. Stand-off Gareth Steenson kicked six penalties and two drop goals before Luke Arscott added a late try as the Chiefs clinched a 38-16 aggregate [...]
Markets in turmoil May 25, 2010 SHARES worldwide plunged yesterday as fears that Europe’s sovereign debt crisis would lead to a fresh collapse in the banking sector, and rising tensions between North and South Korea took their toll on jittery investors. The FTSE 100 index plummeted, ending the day 2.5 per cent lower at 4,940.68, below the psychologically important 5,000 level [...]
New coalition hits the ground running May 25, 2010 THE NEW government hit the ground running yesterday, announcing a flurry of legislation in its inaugural Queen’s Speech. Financial services took centre stage, with chancellor George Osborne responsible for steering five of the 22 bills through parliament – more than any other cabinet minister. The legislation will usher in sweeping changes to the way the [...]
Doubts cast over Spanish banks merger May 25, 2010 FOUR Spanish savings banks will merge into a joint holdings group in a bid to fend off the deepening Eurozone crisis. The pooled resources of the four unlisted regional lenders will create Spain’s fifth biggest financial institution, with assets of more than €135bn (£115bn). The merger between Caja Mediterráneo from Valencia, Cajastur from Asturias, Caja [...]
Let us hope this is not a repeat of the crisis of 2008 May 25, 2010 WE have stumbled into another mini-financial crisis, one which has an outside chance of bringing the global recovery to a shuddering halt. The debt crisis in the Eurozone, far from having been sorted out with the help of German taxpayers’ money, is getting steadily worse, contaminating global financial markets; jittery investors are panicking at every [...]
Germany extends ban on short selling May 25, 2010 GERMANY is expected to roll out further restrictions on short selling. A draft German finance ministry document yesterday called for restrictions on speculative trades to be extended to all shares, widening a ban imposed last week. The shock move last week banned naked shorting on top financial firms, euro government bonds and related credit default [...]
Libor causes jitters as it continues its steady rise May 25, 2010 INTERBANK lending hit another 10 month high yesterday, with concerns over sovereign debt showing no sign of abating. The rate that banks charge each other for short-term loans in dollars – known as the London interbank offered rate, or Libor – edged to 0.54 per cent, up from 0.5 per cent on Monday, according to [...]
