IMF proposes double tax hit for all banks April 20, 2010 BANKS around the world could face two new taxes to cover the cost of any future bailouts under proposals by the International Monetary Fund (IMF) circulated to the Group of 20 countries yesterday. The report proposes a “Financial Stability Contribution,” which would be used to cover the cost of any future financial sector bailouts to [...]
PRIVATE EQUITY FAT CATS COME OUT TO PLAY April 14, 2010 SIR Peter Paul Rubens’ beautiful and ornate painted ceiling gazed down upon the most successful figures in the private equity industry last night, as they gathered in the Banqueting Hall on Whitehall for the Private Equity News Awards for Excellence in Private Equity. Executives from the likes of CVC Capital Partners, Axa Private Equity, Coller [...]
Mancini and Moyes clash at Eastlands March 24, 2010 RIVAL bosses Roberto Mancini and David Moyes were both sent off amid an ugly touchline melee as Everton dented Manchester City’s hopes of a Champions League place with an impressive victory at Eastlands. The managers clashed after Mancini raced to retrieve the ball and clattered into the Toffees chief, prompting tempers to fray and referee [...]
Indian rate hike sets the scene for the rest of Asia March 23, 2010 SO FAR this year, the markets have been concentrating on the prospect of monetary policy tightening in China and what that will mean for global recovery. But while the Asian powerhouse has been slowly tightening here and there in an effort to cool its economy down, it was India that bit the bullet and hiked [...]
CHELTENHAM BRINGS THE CITY OUT IN FORCE March 16, 2010 TO Gloucestershire yesterday for the opening day of the Cheltenham Festival, the favourite corporate entertainment jolly of the year for many a self-respecting racegoer. Bucking the austere trend of recent years, this year’s Festival has already seen a roaring trade in City schmoozing, with the long list of companies taking private suites including HSBC, BlackRock, [...]
Johnson not yet ready, says Mancini March 14, 2010 SUNDERLAND (1) v/s MANCHESTER CITY (1) MANCHESTER CITY boss Roberto Mancini says Adam Johnson is not yet ready to stake a claim for England’s World Cup squad despite his late heroics at the Stadium of Light. The 22-year-old winger fired a stunning injury-time goal to deny his hometown club and earn below-par City a precious [...]
A haunting tale of cat and mouse as a child takes on a serial killer March 10, 2010 BLACKLANDS BY BELINDA BAUER Corgi, £7.99 by Zoe Strimpel EXMOOR dripped with dirty bracken, rough, colourless grass, prickly gorse, and last year’s heather, so black it looked as if wet fire had swept across the landscape, taking the trees with it and leaving the moor cold and exposed to face the winter unprotected. Drizzle dissolved [...]
Sunderland end winless streak in style as Bent smashes a treble March 9, 2010 SUNDERLAND striker Darren Bent plundered a hat-trick as the Black Cats ended a 15-match wait for a Premier League victory with a 4-0 rout of 10-man Bolton. Fraizer Campbell set the home side on their way after just 41 seconds, before forward partner Bent took his tally for the season to 19 with a second-half [...]
Animation fails to bring Alice alive March 4, 2010 Film ALICE IN WONDERLAND Cert: PG THE idea of Tim Burton turning his imaginative powers to Lewis Carroll’s children’s fantasy, and roping in his old mucker Johnny Depp as the Mad Hatter in the process, seems so blazingly obvious it’s a wonder it took them this long. Sadly, it seems what they were waiting for [...]
Real and Barcelona are football’s Euro fat cats March 1, 2010 LUCRATIVE individual broadcast deals have helped Spanish giants Real Madrid and Barcelona leave Premier League clubs trailing in the wealth stakes and cement their place as the two richest teams in the world. Real last season became the first team in any sport to record revenue of more than €400m (£341m), despite a relatively unsuccessful [...]