Dubai offer not enough April 29, 2010 DUBAI World, which is in talks to restructure $26bn (£16bn) in debt, is offering lenders an additional one per cent in interest upon maturity of new debt, but the deal is unlikely to satisfy banks, analysts said yesterday. The state-owned conglomerate’s offer is for a one per cent interest rate and one per cent payment-in-kind, [...]
M Stanley Moore, UBS fined in US April 29, 2010 FINANCE giants Morgan Stanley and Moore Capital have been fined by the US futures regulator, after both were found guilty of foul play in the markets. The Commodity Futures Trading Commission (CFTC) fined Morgan Stanley $14m (£9m) for failing to report a big block oil trade and hedge fund Moore Capital $25m for attempting to [...]
Duo can win through to all-Irish final April 29, 2010 WITH the Guinness Premiership taking a well-earned break a week before the final round of matches, all eyes are on the Heineken Cup semi-finals – and what an exciting couple of ties we have to look forward to. Munster are the old heads of European rugby. They boast quality players with experience and know how [...]
US takes aim at Wall Street April 29, 2010 WASHINGTON opened talks on a wide-sweeping overhaul of Wall Street yesterday after Republican politicians abandoned their blockade of a Senate debate. In the coming days, Democrats and their opponents will thrash out the terms of what promises to be a highly controversial finance reform bill. The legislation could see derivatives forced onto regulated exchanges, investment [...]
Upson tells Capello: I’m still your main back-up for Terry and Rio April 29, 2010 WEST HAM centre back Matthew Upson believes he is still Fabio Capello’s No1 contender to fill the boots of either John Terry or Rio Ferdinand should injury problems resurface at this summer’s World Cup. Upson, 31, has emerged as Capello’s first-choice to fill in for injury-plagued Ferdinand this season, but has now come under pressure [...]
Obama nominates trio to Federal Reserve board April 29, 2010 PRESIDENT Barack Obama yesterday nominated Janet Yellen as vice chairman of the US central bank. Yellen, the current president of the San Francisco Federal Reserve Bank, is renowned as a monetary policy “heavyweight”. He also nominated Sarah Raskin, Maryland’s financial regulation commissioner, and MIT economist Peter Diamond, who has written extensively about pensions and fiscal [...]
More agony for Murray as classy Ferrer takes no mercy in Rome April 29, 2010 ANDY MURRAY’S recent woes continued after he crashed out to Spain’s David Ferrer in the third round of the Rome Masters last night. The world No5 dropped a service game in each set to go down 6-3, 6-4 to the 13th seed and succumb to his fourth defeat in five ATP Tour matches. Murray, 22, [...]
Forth Ports bidders get put up or shut up order April 29, 2010 A trio of Forth Ports’ shareholders has just under five weeks to make a formal offer for Britain’s only listed ports company or must walk away for six months, the Takeover Panel said yesterday. Forth on Wednesday rejected a new £640m takeover approach from the Northstream consortium – made up of AEIF General Partners, Peel [...]
SPORT | IN BRIEF April 29, 2010 Dott shows first in semi SNOOKER: Graeme Dott, the 2006 world champion, was left eyeing another World Championship final after opening up a 5-3 lead in his semi-final with Mark Selby last night. In the other semi-final, Australia’s Neil Robertson surged into 5-0 lead over Ali Carter before holding on for a 6-2 lead after [...]
Hobbycraft bought out for £100m April 29, 2010 THE private equity firm Bridgepoint Capital has bought Hobbycraft, the family owned arts and crafts retailer, in a deal worth around £100m. Bridgepoint beat off competition from private equity firm Exponent and retailer Halfords. Blackstone had expressed interest, but did not submit a bid in time for the deadline. Hobbycraft started out as one store [...]
