Bopara and Morgan hope for KP September 3, 2012 CRICKET: Ravi Bopara and Eoin Morgan both admit they hope Kevin Pietersen will resume his England career. They play South Africa at Trent Bridge in an ODI tomorrow.
Back to work September 2, 2012 THE COALITION announced a raft of new policies yesterday in a desperate attempt to get the economy – and their poll ratings – back on track. But critics said ministers’ infighting and U-turns were making matters worse, creating extra uncertainty for businesses while failing to come up with any meaningful solutions to the double-dip recession. [...]
Hollande is forced to nationalise mortgage lender on default fear September 2, 2012 FRENCH president Francois Hollande was forced to nationalise France’s second biggest specialist mortgage lender on Saturday night after a cash drought left it unable to pay its debts, meaning the government could be on the hook for up to €20bn in guarantees. Credit Immobilier de France (CIF), which has around four per cent of the [...]
Subpoenas for private equity firms over fees September 2, 2012 AT least a dozen US private equity firms have been subpoenaed by the New York state attorney general as part of a probe into whether a widely used tax strategy that saved them hundreds of millions of dollars is proper, a source said at the weekend. Among the firms that were subpoenaed are Bain Capital, [...]
What the other papers say this morning September 2, 2012 FINANCIAL TIMES CIC sells bulk of its BlackRock stake China Investment Corp has sold most of its stake in BlackRock, the world’s largest asset manager, as part of a wider strategy by the sovereign wealth to cut its holdings in global financial institutions. CIC bought just under 3 per cent of BlackRock’s shares, worth about [...]
Osborne wants to lend directly to small firms September 2, 2012 A STATE-BACKED bank to lend specifically to small firms and entrepreneurs will be set up, chancellor George Osborne said yesterday – though critics worried the move would just expose the government to more financial risks. The chancellor said he is looking at setting up a business bank to “bring together the alphabet soup of existing [...]
Government may cut back job rules to help low-paid workers September 2, 2012 LOW-PAID workers could be exempt from taxes and regulations in an attempt to encourage cautious firms to hire more staff, under proposals being considered by the government. Any workers covered by the scheme would have fewer employment rights, in exchange for paying fewer taxes – helping employers and making them more likely to be hired [...]
Chancellor hints that Heathrow could still get another runway September 2, 2012 GEORGE Osborne left the door open for a third runway at Heathrow yesterday, saying that the government should “examine all the options” for boosting capacity. But he added in an interview with the BBC: “If building a new runway was simple, it would have been done over the last 20 years. It hasn’t.” Foreign secretary [...]
Analysts warn Eurozone bank will disappoint September 2, 2012 MARKET watchers expecting plans for bold monetary intervention from the European Central Bank (ECB) on Thursday are likely to be disappointed, analysts warn. “We expect the Bank to disappoint markets by providing only details about how it might buy bonds in future, instead of a grand plan for immediate and massive purchases,” said Jennifer McKeown [...]
Jenkins set to cut bad products September 2, 2012 BARCLAYS could look to cut unprofitable business lines in its investment banking and other arms under a structural review planned by new boss Antony Jenkins. The incoming chief executive has pledged to keep the investment bank intact and said he values the universal banking model. But his background in commercial and retail banking means some [...]
