Spain pays a high price at debt auction July 26, 2011 NERVOUS investors sent Spanish yields to their highest level since the financial crisis at a €2.9bn (£2.56bn) debt auction yesterday. Madrid was forced to pay an average yield of 1.9 per cent on its three-month and 2.5 per cent on its six-month bills, versus an average rate of 1.6 per cent and 1.8 per cent [...]
Costs hinder Amazon profit July 26, 2011 ONLINE retail outlet Amazon reported a surge in quarterly revenue yesterday, on sales of its Kindle electronic reader and other electronics and forecast far better-than-expected revenue for the current quarter. The firm’s shares shot up six per cent in after-hours US trading. The firm benefited from growth in e-commerce, though margins continued to be pressured [...]
Foreign investment in the UK collapses 35 per cent July 26, 2011 Foreign direct investment (FDI) into the UK plunged to its lowest level for seven years, according to a new report by the United Nations (UN). The British economy saw FDI of just £28bn last year, a massive 35 per cent drop from 2009. Fears over the UK’s fragile recovery have pushed it from third place [...]
Lagarde warns Eurozone and US to get a grip on escalating debt crises July 26, 2011 NEW IMF chief Christine Lagarde yesterday warned a US default or significant credit downgrade would be a “very, very serious event”. She hinted that the US should look to the strong leadership shown by EU leaders in recent weeks, a dig at the political infighting in Washington that threatens to derail US debt talks. She said: “I’m [...]
COE: LONDON 2012 WILL BE BEST-LOVED GAMES EVER July 26, 2011 LORD COE, chairman of London 2012’s organising committee Locog, insists next summer’s Games is on track to be the best-loved Olympics of all time. With today marking exactly one year until the opening ceremony, Coe has delivered an overwhelmingly upbeat assessment of his team’s progress. He cites the 23m applications for tickets made by two [...]
I still know way to goal, says Torres July 26, 2011 CHELSEA striker Fernando Torres insists he’s not suffering from a crisis of confidence and believes the new Premier League season will herald a rapid return to goalscoring form for him. The Spain international has scored just once in competitive action for the west London club since his £50m British record transfer from Liverpool in January. But [...]
England’s new breed are already ahead of Vaughan’s vintage July 26, 2011 ENGLAND’S victory at Lord’s on Monday edged them closer to the No1 spot they covet and increased the comparisons with the celebrated team of 2005. Michael Vaughan’s side evoke so many wonderful memories but they are defined by being a part of one of the greatest series of all-time, while this current crop led by [...]
Frankel ready for Duel on Downs with Canford Cliffs July 26, 2011 JOCKEY Tom Queally admits unbeaten Frankel is in for his sternest test yet in today’s eagerly anticipated clash with Canford Cliffs at Glorious Goodwood. Henry Cecil’s three-year-old has seven wins from seven, including an emphatic 2000 Guineas triumph, and is slight favourite for the Group One Sussex Stakes, which has four runners but has been [...]
Strong Suit hands boost to Hannon July 26, 2011 FAVOURITE Strong Suit coasted to victory in the Lennox Stakes at Glorious Goodwood yesterday, handing trainer Richard Hannon and jockey Richard Hughes a timely boost. The colt stayed on the shoulder of Red Jazz before kicking on unchallenged. Hannon and Hughes team up today with Canford Cliffs in the Sussex Stakes. Earlier, Namibian pipped Fiorente [...]
Phelps beaten in final July 26, 2011 SWIMMING: Olympic champion Michael Phelps was beaten by his fellow American Ryan Lochte in the final of the men’s 200m freestyle at the world championships in Shanghai. Lochte clocked one minute, 44.44 seconds for gold, with Phelps taking silver in 1:44.79.
