Credit Suisse facing US probe July 15, 2011 Credit Suisse is being investigated by the US Department of Justice as part of a broader inquiry into banks suspected of helping Americans evade taxes. The investigation is in relation to historical private banking services across borders. The bank said it received a a letter notifying it that a probe had been launched. Credit Suisse [...]
Credit Suisse facing US probe July 15, 2011 Credit Suisse is being investigated by the US Department of Justice as part of a broader inquiry into banks suspected of helping Americans evade taxes. The iunvestigation is in relation to historical private banking services across borders. The bank said it received a a letter notfiying it that a probe had been launched. Credit Suisse [...]
FTSE on back foot as bank stress tests loom July 15, 2011 The FTSE mirrored markets across Europe in early trading as investors awaited the results of bank strss tests with some lenders expected to fail to meet the criteria required. With persistent fears over the Eurozone debt crisis and the threat of a US rating downgrade casting a shadow market sentiment was tepid. European shares overall [...]
Blacks eyes capital raising as sales slump July 15, 2011 Outdoor goods firm Blacks Leisure has said recent sales had missed forecasts, driving up debts and forcing it to look at raising capital. The group, which struck a rescue deal with creditors in 2009 that saw it close over 100 stores, said it had agreed a temporary extension of its existing bank loan arrangements and, [...]
BHP Billiton to buy Petrohawk for £7.4bn July 15, 2011 Top global miner BHP Billiton will buy US gas producer Petrohawk Energy Corp for $12.1 billion (£7.4bn), ramping up its bets on the booming but environmentally controversial shale gas industry. The agreed all-cash deal is pitched at a 65 per cent premium to Petrohawk last-traded share price, and follows BHP’s $4.75bn purchase of Chesapeake Energy’s [...]
Europe’s debt crisis is getting worse July 15, 2011 EMPIRES seem to be going out of fashion. It is not just News Corp, Rupert Murdoch’s media colossus, which is in trouble; the Eurozone, a very different political conglomerate, is unravelling in front of our eyes. The next step in its demise will come when the results of the stress tests for Europe’s 91 largest [...]
MCILROY WHO? July 14, 2011 THE 2011 OPEN CHAMPIONSHIP AT ROYAL ST GEORGE’S • US Open champion fails to get off to a flying start and is upstaged by English amateur Lewis • 20-year-old shares the first round lead with Danish veteran Bjorn BRITISH amateur Tom Lewis stole Rory McIlroy’s thunder on the opening day of The Open by grabbing a share [...]
Rory’s taking the patient approach after slow start July 14, 2011 NORTHERN IRELAND’S Rory McIlroy admits he has had “about four” hangovers since his runaway US Open victory, but he will not be adding his slow start to the Open to the list. The 22-year-old fell to two over par after only three holes but limited the damage with a solid round of 71 to leave him [...]
Arsenal legend Vieira retires July 14, 2011 FORMER Arsenal captain Patrick Vieira has announced his retirement and has accepted a newly-created position as Manchester City’s football development executive. The 35-year-old Frenchman hung up his boots yesterday, 18 years after making his debut for Cannes, following a glittering career that has brought him World Cup and European Championship winners’ medals as well as seven [...]
Trott: I had a drink problem July 14, 2011 ENGLAND batsman Jonathan Trott has revealed that his staggering accomplishments of the last two years would never have happened had he succumbed to the alcohol problem that threatened to derail his career. The South African-born batsman has been a revelation since making a century on debut in the deciding Test of the 2009 Ashes series. [...]
