Golf Comment: Europe to strike fear into USA as Ryder Cup begins September 25, 2014 WE always say the previous Ryder Cup tussle will never be beaten. And while all the tournaments over the years have been magnificent in some form you will have to go some way to surpass Medinah two years ago. The triumph at Medinah was without doubt our greatest victory. To come from four points behind [...]
8/11 on Europe too big to miss for Ryder Cup September 24, 2014 PATRICK CALLAGHAN PREVIEWS THE RYDER CUP AT GLENEAGLES STAR SPORTS have dangled a massive carrot for golf fans ahead of the start of the Ryder Cup tomorrow at Gleneagles by going an industry-best 8/11 for new accounts on Europe to land a third successive trophy against the USA. Europe were the value last year at [...]
Four of the best business books released in 2014 September 23, 2014 From the digital economy to Richard Branson, Liam Ward-Proud lists this year’s top reads. It's been a bumper year so far for business reads, with releases from the likes of Virgin founder Richard Branson, as well as several books tracing crucial trends in the fast-changing global economy. With judging panels due to start drawing [...]
Federal Reserve’s William Dudley sees inflation staying low despite rise in hiring September 22, 2014 Unemployment can continue falling to unusually low levels without risking dangerously high inflation, Federal Reserve policymaker William Dudley said yesterday. Inflation has been running below the Federal Reserve’s target for more than two years, meaning there may be more room than expected to allow growth to surge before any rate rises. Dudley is already considered [...]
New York Report: S&P closes in on landmark 2,000 points September 21, 2014 US STOCKS have been on a roll of late, with the S&P 500 hitting the latest in a series of records on Thursday, and investors expect the index’s momentum to soon carry it to – if not past – the 2,000 milestone. The S&P is about 10 points, or 0.4 per cent, from that landmark, [...]
New York Report: Fed decision raises shares September 18, 2014 US SHARES rose yesterday, a day after the Federal Reserve kept intact its pledge to keep interest rates low, providing a backstop for investors that helped lift both the Dow and S&P to record highs. The Fed said on Wednesday at the conclusion of a two-day policy meeting it would keep interest rates near zero for [...]
Posen: “Joseph Stiglitz is wrong – the reality of Scottish independence is frightening” September 18, 2014 Following pro-independence assertions by economist Nobel Prize-winning economist Joseph Stiglitz, saying the debate around Scottish independence had been "fear mongering", and that currency was a "non-issue", last night Adam Posen, the former Monetary Policy Committee member who now heads up the Peterson Institute for International Economics, published an article criticising his view. Cracking out the [...]
US Federal Reserve tapers and suggests interest rates could get a hike September 17, 2014 The US Federal Reserve revealed last night that another of its senior officials has opposed a pledge to keep rates at record lows, while projections suggest that borrowing costs could rise faster than had been expected. The Federal Open Market Committee (FOMC) voted eight to two to maintain the federal funds rate at the zero [...]
New York Report: Dow at record high after Fed rates promise September 17, 2014 US STOCKS edged higher in volatile trading yesterday after the US Federal Reserve renewed its pledge to keep interest rates near zero for a “considerable time” and repeated concerns over slack in the labour market, standing firm against calls to overhaul its policy statement. Interest rate projections, however, show Fed officials expect rate hikes, when [...]
Champions League: Chelsea boss defends call to cull Costa September 17, 2014 CHELSEA 1 SCHALKE 04 1 CHELSEA manager Jose Mourinho last night revealed star striker Diego Costa will struggle to be part of their assault on both the Premier League and Champions League titles this term. The Spain striker has hit seven goals in four Premier League games so far, including a hat-trick against Swansea on [...]