SPORT | IN BRIEF October 25, 2011 France fined for Haka response RUGBY UNION: France have been fined £2,500 for advancing towards the All Blacks’ haka in the build-up to Sunday’s World Cup final. The International Rugby Board imposed the punishment after Les Bleus encroached within the required distance behind the 10-metre line in their own half. Gresini Honda sit out Valencia GP [...]
D-DAY FOR EUROZONE October 25, 2011 EUROPE’S leaders are grappling to find a solution to the debt crisis by the end of today, their latest self-imposed deadline. Jittery markets nose-dived yesterday after news broke that a meeting of Eurozone finance ministers – known as Ecofin – had been cancelled. Confusion over the announcement led to false rumours that the whole crisis-tackling [...]
Calls grow for St Paul’s camp to go October 25, 2011 THE ANTI-CAPITALIST protesters occupying parts of the City faced growing pressure to leave last night after it emerged that the vast majority of their tents were empty on Monday evening. Those with tents outside St Paul’s Cathedral also face a formal call to leave by the Bishop of London. The bishop, Richard Chartre, expressed support [...]
Bonus ban for French banks October 25, 2011 FRENCH banks could face a ban on paying bonuses and dividends as part of a European recapitalisation programme, finance minister Francois Baroin said yesterday. “The recapitalisation… will be done with the ban on dividends and bonuses under the supervision of the insurance and banking regulator,” said Baroin. “We have reached an agreement for the Eurozone [...]
Radical thinking on tax from the US October 25, 2011 WHILE the Eurozone moves ever closer to the brink, the US presidential elections have suddenly become more interesting. Two of the Republican candidates – former Godfather’s Pizza CEO Herman Cain and Texas governor Rick Perry – have kick-started a major debate on tax reform and economic growth. It all started with Cain’s fascinating 9-9-9 plan: [...]
Mrs Clegg takes EU law job October 25, 2011 MIRIAM Gonzalez, the lawyer wife of deputy Prime Minister Nick Clegg, is jumping ship from DLA Piper to join the London office of US law firm Dechert, where she will head up the firm’s EU trade and EU government affairs practice. Gonzalez, who worked at the EU for seven years before joining DLA Piper in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 25, 2011 FINANCIAL TIMES SHAREHOLDERS IN EVOLUTION BACK BID BY INVESTEC Investec’s £202m takeover of Evolution Group will go ahead despite last-minute resistance from Evolution’s biggest shareholder after the broker’s other big investor backed the bid. Aberforth Partners, which owns 10.8 per cent of Evolution, said last week it had withdrawn its support for the all-share offer [...]
Morale falls in United States October 25, 2011 AMERICAN consumer confidence plummeted to a two and a half year low this month, in a worrying sign for the US economy. “What’s more, at 39.8, confidence is far below the long-term average of 92.8,” added Paul Ashworth of Capital Economics. “Aside from a few months during the height of the recession between November 2008 [...]
Ailing hedge funds forced to slash pay October 25, 2011 SALARIES and bonuses in the hedge fund industry are set to slump by an average of 10 per cent this year as global market turmoil bites. Some top hedge fund managers will suffer a cut of up to 30 per cent in their total compensation packages, according to research. The study also showed the typical [...]
Amazon tumbles as Fire burns through its profits October 25, 2011 ONLINE retailer Amazon shocked investors last night with a far weaker-than-expected outlook for the crucial holiday season quarter as it spent heavily on its new Kindle Fire tablet computer. The stock tumbled 12 per cent in extended trading as the news raised concern that Amazon was losing some of the revenue momentum that had helped [...]
