Firms urge delay in offshore tax rules May 15, 2012 Financial institutions from around the world called for delay and changes to proposed US rules to combat offshore tax evasion at an Internal Revenue Service hearing yesterday. Government tax officials gave no indication about how they would respond to the businesses’ requests and said the final rules were on track to be ready in three [...]
Cove oil boost could trigger a bidding war May 15, 2012 COVE Energy yesterday announced a new oil find in Mozambique that could open up a bidding war for the company, which already has an offer from Shell on the table. The AIM-listed explorer said that it had discovered more oil off the coast, with US operator Anadarko also working on the project. The Golfinho discovery [...]
Spanish oil firm prepares to sue Argentina over nationalisation May 15, 2012 SPANISH oil firm Repsol yesterday began legal proceedings against the Argentinian government after its 51 per cent share in oil firm YPF was nationalised last month. Repsol is demanding more than $10bn (£6.2bn) in compensation and said it has informed Cristina Fernandez, Argentina’s President, of a dispute under the Spanish-Argentinian investment treaty. Repsol must now wait [...]
NYSE Euronext pulls out of the race to buy LME May 15, 2012 NYSE Euronext is out of the race to buy the London Metal Exchange, a spokesman said yesterday, after its reported £800m bid was deemed too low. NYSE had submitted a binding bid for the 135-year-old LME last week, vying with Hong Kong Exchanges and Clearing, CME Group and InterContinental Exchange. “We put a proposal in [...]
Ferdinand out and Terry in as Hodgson picks Euro 2012 party May 15, 2012 ENGLAND manager Roy Hodgson is poised to omit international stalwart Rio Ferdinand and include former captain John Terry, despite his looming trial for alleged racial abuse, when he names his squad for Euro 2012 today. Hodgson is thought to have acted on concerns that 33-year-old Ferdinand, who has not played for England for almost a [...]
Hartley set for bite ban return but Lancaster sweats on Flood May 15, 2012 NORTHAMPTON hooker Dylan Hartley will make his first competitive appearance since his eight-week ban for biting when England warm up for their summer tour of South Africa by facing the Barbarians next week. But coach Stuart Lancaster has warned that Leicester fly-half Toby Flood will be cut from the squad for the southern hemisphere trip [...]
Hovering axe won’t deflect Di Matteo gaze from slice of history May 15, 2012 CHELSEA manager Robert di Matteo is refusing to let the prospect of a swift and ruthless departure distract him from his mission to take the club into uncharted territory by winning the Champions League. Di Matteo knows that even victory in Saturday’s final against Bayern Munich at the Germans’ own Allianz Arena may not be [...]
Onions merits a recall against West Indies May 15, 2012 BRITISH summertime may have hampered West Indies’ preparations but England would be foolish to go into tomorrow’s first Test underestimating their opponents. The Windies have some good pace in their attack and gave Australia a proper contest last month. Perhaps they lack enough all-round strength to worry a switched-on England, but if Andrew Strauss and [...]
Tourists’ attack declared fit to spoil start of England’s summer May 15, 2012 WEST INDIES coaches have brushed off fitness concerns over their fast-bowlers ahead of tomorrow’s first Test against England at Lord’s. Kemar Roach, Fidel Edwards and Ravi Rampaul all managed to bowl in training yesterday despite niggles resulting from last week’s defeat to England Lions. “Everybody pulled up okay today,” said coach Ottis Gibson. “Kemar twisted [...]
Indian Premier League players suspended over fixing claims May 15, 2012 FIVE Indian Premier League cricketers have been suspended and an investigation launched following allegations of spot-fixing. Pune Warriors’ Mohnish Mishra, TP Sudhindra of Deccan Chargers, Kings XI Punjab pair Shalabh Srivastava and Amit Yadav, and Abhinav Bali have been banned by domestic cricket chiefs until the probe is concluded. It comes after an Indian television [...]
