Quins to face no further action September 8, 2009 RUGBY UNION: Harlequins will not face expulsion from this season’s Heineken Cup, after the ERC decided to take no further action following the fake blood scandal. Quins were fined an unprecedented €300,000, while coach Dean Richards received a three-year ban, but the ERC has confirmed no further punishments are expected. Meanwhile, Quins lock George Robson [...]
City plead innocence inHelan case September 8, 2009 FOOTBALL: Manchester City have firmly denied claims the club are guilty of ‘poaching’ hot prospect Jeremy Helan from French side Rennes. The Blues snapped up the highly-rated defender earlier this year, but the 17-year-old’s former employers have since reported the matter to FIFA after claiming a breach in transfer regulations. City, though, are convinced they [...]
Loach saves England Under-21s September 8, 2009 FOOTBALL: Watford goalkeeper Scott Loach was the hero as the England Under-21’s fought out a 1-1 draw against Greece in their European Championship qualifier in Tripoli. Chelsea’s Daniel Sturridge gave England an early lead before Sotiris Niris equalised. Loach then pulled off a string of fine saves to earn England a valuable point.
Stricker climbs to world No2 September 8, 2009 GOLF:Steve Stricker climbed to No2 in the world rankings after clinching victory at the Deutsche Bank Championship. The American finished on 17-under-par – a shot clear of Jason Dufner and Scott Verplank with Padraig Harrington a further shot adrift.
THE LONDON REPORT September 8, 2009 BRITAIN’S top share index rose for a third straight session yesterday, buoyed by the return of M&A activity and supported by hawkish economic data and with heavyweight mining. Energy stocks lead the gainers. The FTSE 100 closed 14.16 points higher, or 0.3 per cent, at 4,947.34, hitting a fresh highest closing level in 11 months. [...]
NEW YORK REPORT September 8, 2009 US stocks advanced yesterday on an uptick in corporate deal activity while the weak dollar led to gains in commodities, lifting shares of oil and mining companies. Although Kraft’s stock fell nearly 6 per cent, other food companies rose, including Hershey, which added 1.3 per cent to $39.14. The dollar fell to its lowest this [...]
Forward forex markets are bearish for the dollar’s status September 8, 2009 A QUICK glance at the usually lively currency markets would suggest that not a whole lot is going on in foreign exchange. Major currency pairs are stuck in tight trading ranges – the euro-dollar, for example, has been stuck in the $1.33-$1.44 trading range since June. It would be tempting to say that traders ought [...]
Swissie will not replace yen for carry traders September 8, 2009 COMPARED to the sharp and unexpected moves that they have previously seen, spot currency markets have been exceptionally dull of late and many major currency pairs remain range-bound with little sign of any breakout move. Unable to rely on big daily moves in currency pairs for their profits, forex traders have returned to the popular [...]
CURRENCIES ARE NOW AT CRITICAL CROSSROADS September 8, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT AS THE trading world returns from the holidays, capital markets find themselves at a critical juncture. The key question facing participants in the currency and equity markets is whether the economic recovery will continue into the year-end. Traders want to know if this is a sucker rally or just [...]
HSBC and Barclays popular for standing alone September 8, 2009 AYEAR ago this week we experienced “The End of the World as We Know It” as investment bank Lehman collapsed, amid fears of the whole financial system going into meltdown. In the subsequent months I took part in many gloomy debates about whether everything had changed forever, or whether it was just a larger-scale event [...]
