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 [...]
Unloved, unowned but undervalued: Emerging Europe shakes off its past October 19, 2010 SANDWICHED between the bright stars of emerging Asia and the fading light of the West lies Eastern Europe, an investment destination that is often forgotten and perennially unfashionable. This is partly because the region has struggled to shake off its Soviet legacy – at least in the minds of Western investors it is still tainted [...]
Fabregas and Walcott ready to return for Shakhtar test October 18, 2010 ARSENAL vs SHAKHTAR DONETSK Sky Sports 2, kick-off 7:30pm ARSENAL boss Arsene Wenger will make a late decision on whether to throw captain Cesc Fabregas and winger Theo Walcott back into action against Shakhtar Donetsk tonight. Fabregas and Walcott, who have been sidelined by injury for a month, both trained yesterday ahead of the Champions [...]
Fifa widens World Cup bribery probe October 18, 2010 THE CRISIS enveloping the bidding process for the 2018 World Cup deepened last night when governing body Fifa revealed it had widened its investigation into claims of corruption. Two members of Fifa’s executive committee, which will in December decide who hosts that 2018 and 2022 tournaments, are being probed over claims they offered to sell [...]
BP links bonus pay to safety October 18, 2010 FOURTH?quarter bonuses for staff at embattled oil major BP will be based entirely on safety, chief executive Bob Dudley has said. Dudley has sent an email to all staff members saying their performance in terms of safety and risk management would be the only factor used to work out bonuses. “We are taking this step [...]
The accountant who sees EU rules as a chance to transform his firm October 18, 2010 For a man less than three months away from retirement, BDO’s policy board chairman – in effect, the firm’s international chairman – can’t wait to get into the issues. And to be fair, there is much for Dermot Mathias, who joined the accountancy giant 37 years ago, to discuss. What excites him most is the [...]