Relief for Shaft Sinkers after £37m Kazazh drilling contract SOUTH African mine-shaft excavators Shaft Sinkers yesterday signed a £37m contract with Kazchrome to work on their Skipovaya project in Kazakhstan. The news marks a welcome change in Shaft Sinkers’ affairs following a 60 per cent share price collapse a year after being caught up in an oligarchs’ dispute between Russian fertiliser giant EuroChem and [...]
Car makers up forecast for 2014 sales as economy accelerates BRITAIN’S motor industry yesterday raised its forecasts for 2014 sales, after strong first-half sales, predicting 2.45m new cars would be sold this year, 8.1 per cent more than in 2013. The Society of Motor Manufacturers and Traders (SMMT) had previously forecast sales would grow just over six per cent. But sales so far this year [...]
EU-Canada trade deal could pave way for US partnership Canada and the EU yesterday finalised a free trade agreement that could be a blueprint for a similar deal between the 28-member bloc and the US. The deal – the Comprehensive Economic and Trade Agreement (CETA) – is expected to increase bilateral trade in goods and services by 22.9 per cent or €25.7bn (£20.bn), fostering growth [...]
LA Clippers $2bn price tag outstrips the market July 29, 2014 A US judge has tentatively approved the $2bn (£1.2bn) sale of the LA Clippers basketball club, in a case which may force a radical reassessment of the valuations placed on the UK’s leading football clubs. Former Microsoft boss Steve Ballmer is on the verge of buying the NBA club after a California superior court judge [...]
Russia ordered to pay £29bn to Yukos investors July 28, 2014 THE HAGUE’S arbitration court yesterday ordered Russia to pay a group of Yukos shareholders $50.02bn (£29.4bn) in compensation for deliberately bankrupting the oil company, at a time when relations between Russia and the West were already on a knife edge. The arbitration panel in the Netherlands awarded shareholders in the GML Group, a former Yukos [...]
