Russia deny criticising England October 26, 2010 FOOTBALL: England’s World Cup 2018 bid rivals Russia say they regret any “misunderstanding” resulting from their chief executive’s recent comments about London. Andrei Sorokin denied, however, that he had criticised England’s bid, which would have been against the rules. It comes with the bid process in a state of turmoil after two members of the [...]
TNK-BP profit down as Rosneft prospers October 26, 2010 Russian oil company TNK-BP, a joint venture that makes up more than a quarter of BP’s reserves, said yesterday its third-quarter net profit fell as transportation and other costs rose. The company generated net profit of $1.45bn (£913m) on revenues of $11.4bn. A year earlier TNK-BP earned $1.68bn on revenues of $10.26bn. Meanwhile, its largest [...]
Hyundai UK recalls 17,000 cars for checks October 25, 2010 HYUNDAI UK has recalled thousands of cars over fears that winter road de-icing salt may have damaged their suspension systems. The South Korean group is urging owners of 17,000 Santa Fe models made between July 2000 and June 2003 and Trajets from between January 2000 and May 2004 to return them to dealers for checks. [...]
BRICs to get IMF influence October 24, 2010 THE INTERNATIONAL Monetary Fund has agreed a landmark deal that will hand more power to emerging economies, whose clout in the IMF has not kept up with their economic ascent. Europe will give up two of its eight seats on the 24-member board, which will be taken up by Brazil, Russia, India and China. In [...]
Ex BP boss Lord Browne to head advisory board at Stanhope Capital Capital October 24, 2010 FORMER BP chief executive Lord Browne is to head up the newly-formed advisory board of boutique wealth manager Stanhope Capital, it emerged yesterday. Stanhope is believed to be lining up Browne to chair the three-man board and to help it attract investors from the worlds of business and charity and the arts, in which he [...]
Stocks set to edge higher after G20 finance pact October 24, 2010 The opening call this morning is for stock markets to trade higher following news at the weekend of an agreement being reached between the G20 finance ministers at their meeting in Seoul, to refrain from the “competitive devaluation” of their currencies. GFT is quoting the FTSE 100 index to open up 20 points from Friday’s [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 21, 2010 FINANCIAL TIMES AIRBUS CHIEF CALLS SUBSIDY ROW AN ABSURDITY The head of Airbus has lashed out at the “absurdity” of the prolonged aircraft subsidy row between his company and Boeing, its US rival, saying both sides had taken state aid and the only winners were likely to be rivals in China and Russia. In a [...]
Aid to China and Russia is cut from DfID’s budget October 20, 2010 OVERSEAS aid was shielded from yesterday’s cuts, though the department for international development (DfID)?will halt aid payments to China and Russia and reduce its administration costs to help bring the deficit down. The department’s budget will rise to £11.6bn over four years to meet UN aid commitments, which will include spending £500m to help fight [...]
Zhirkov relishes return as Blues cruise October 19, 2010 SPARTAK MOSCOW (0) VS CHELSEA (2) CHELSEA manager Carlo Ancelotti hailed Yury Zhirkov after the Russian midfielder chose the perfect setting to reignite his Blues career. Zhirkov’s extraordinary 30-yard volley set the west Londoners on their way to an ultimately comfortable win that virtually guarantees their progress to the last 16. Striker Nicolas Anelka slotted [...]
Petroneft raises $43m for Russian drilling October 19, 2010 Petroneft Resources, the Russia-focused oil and gas explorer, raised $43m (£27m) to finance the development of two of its Russian fields. The Aim-listed firm sold 63,125,000 new ordinary shares at 43p each to raise the cash. The firm said it will use the money to accelerate exploration and business development at its licences 61 and [...]