WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2010 FINANCIAL TIMES NISSAN’S GHOSN TOPS JAPAN PAY LEAGUE Nissan’s Carlos Ghosn has taken top spot on a list of Japan’s best-paid executives after the carmaker revealed it paid its Brazil-born chief executive Y890m ($9.9m) last year. Nissan and other quoted Japanese companies are being forced to report the compensation of individual executives for the first [...]
Expand beyond developed countries June 23, 2010 WITH growth in advanced economies forecast to be sclerotic for the near future, investors should look to capitalise on the more dynamic prospects of emerging markets (EM). The International Monetary Fund is forecasting that developed economies will shrink overall by 3.12 per cent this year versus developing economies’ growth of 6.14 per cent. One of [...]
BP shares fall to 13-year low June 22, 2010 BP’S SHARES continued their fall yesterday hitting a 13-year low as the embattled oil major admitted that the “financial consequences of the spill will be severe”. The group’s share price plummeted to 328.50p at its lowest point yesterday but regained some ground near the end of the day to close at 334.20p. The fall marks [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 22, 2010 FINANCIAL TIMES GUINEA THREAT OVER RIO DISPUTE The government of Guinea has raised the stakes in a dispute with Rio Tinto by threatening to strip the mining group of more of its rights to one of the world’s biggest undeveloped iron ore deposits. Officials in Guinea have been angered by what they see as Rio’s [...]
Nonchalant Nadal enjoys happy return June 22, 2010 WORLD No1 Rafael Nadal marked his first Wimbledon appearance in two years with a comfortable win to waltz into the second round. Second seed Nadal clinched his first grass-court title in 2008, but missed the chance to defend his title last year through injury. But the Spaniard showed he’s not lost any of his flair, [...]
Robson goes down fighting to Jankovic June 21, 2010 TALENTED British teenager Laura Robson shows she has the stomach for a fight after putting on a promising display against world No4 Jelena Jankovic on Centre Court. The 16-year-old former junior champion was handed a wildcard for the main draw after rising to 234 in the world rankings. And she showed just why she is [...]
Gold at new high after Saudi Arabia doubles its reserves June 21, 2010 GOLD surged yesterday to a fresh high of more than $1,265 (£857) after it was revealed that Saudi Arabia’s reserves of the precious metal had doubled. New estimates from the World Gold Council published yesterday revealed that the world’s largest oil exporter has twice as much gold as previously thought. The World Gold Council’s quarterly [...]
Russia cuts Belarus gas supply June 21, 2010 Russia’s gas monopoly Gazprom started to cut supplies to neighbouring Belarus as a dispute over unpaid debts escalated yesterday. Belarus said it would pay its gas bills within two weeks. The EU has expressed concern at Russia’s promise to extend the cuts.
BP’s Hayward to head east June 20, 2010 TONY HAYWARD, BP’s embattled chief executive, is to launch a Russian charm offensive in a bid to calm the nerves of President Dmitry Medvedev over the group’s future. Although the timing of the meeting has yet to be confirmed, Hayward intends to meet with Medvedev to reassure him that BP can survive the liabilities of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 16, 2010 CHÁVEZ ATTACKS ECONOMIC CRITICS Hugo Chávez has strongly defended his economic record as president of Venezuela after a turbulent year in which the country has been rocked by recession and 30 per cent inflation. Chávez used an interview to assail his critics in the US and Europe, saying the performance of the Venezuelan economy contrasted favourably [...]