WHAT THE OTHER PAPERS SAY THIS MORNING October 15, 2009 FINANCIAL TIMES BUYERS AWAIT DYSON’S FANSSir James Dyson, champion of British industrial design, has launched his latest invention aimed at catapulting the conventional electric desk fan into the 21st century. His “Air Multiplier” fan boasts reduced energy consumption and no external blades. But fans of Dyson inventions must wait several weeks for the fan to [...]
Nervy Argentina seal place at the last October 14, 2009 DIEGO MARADONA was able to breathe a huge sigh of relief last night after his Argentina side secured their place at next summer’s finals with a nervy 1-0 win in Uruguay. Defeat in their final qualifier could have knocked the two-time champions out altogether, or at least sent them into a play-off. But a scrappy [...]
Changing oil currency wouldn’t hurt the buck October 13, 2009 QUESTIONING the dollar’s status as a global reserve currency has become almost de rigueur in the past few weeks. In fact, it has been an ongoing discussion for some months now. It was discussed at the G20 meeting in Pittsburgh at the end of September and then a news report last week suggested that the [...]
RUSSIA AND CHINA INK DEALS October 13, 2009 RUSSIAN and Chinese companies have signed deals worth $3.5bn (£2.2bn) during Russian Prime Minister Vladimir Putin’s visit to Beijing, where he was hosted by Chinese premier Wen Jiabao. The deals included a $500m loan from the Agricultural Bank of China to Russia’s second biggest lender VTB.
BEST OF THE BROKERS October 12, 2009 BURBERRY GROUPDeutsche Bank raised its target price for Burberry to 620p, with a “buy” recommendation, ahead of the retailer’s second quarter sales update tomorrow. The broker said that expectations appear to be reasonably high, but that it believes that, most significantly, excess inventory will have been cleared through. DUNELM GROUPInvestec said that the recent placing [...]
Russia’s economy set to shrink October 11, 2009 President Dmitry Medvedev has warned that Russia’s economy will shrink by 7.5 per cent in 2009, but said intervention by the Kremlin had prevented a worse decline. The country, which relies massively on oil exports, has been hit by the massive slump in energy prices. Medvedev said his government had been surprised by the severity [...]
Telenor makes peace with Alfa and plans $23bn merger October 5, 2009 NORWEGIAN Telenor and Russian Alfa Group have agreed to merge their Russian and Ukrainian holdings into a $23bn (£14.4bn) New-York listed telecoms firm, ending one of Russia’s longest corporate wars. Telenor’s stock surged 15 per cent on the news the row had ended. The dispute was seen as a major threat to foreign investment in [...]
WHAT THE OTHER PAPER SAY THIS MORNING October 4, 2009 FINANCIAL TIMESBERMUDA LOOKS TO BECOME HUB FOR CAT BONDSBermuda is making a push to become a leading centre for catastrophe bonds and other forms of specialist insurance investment by creating a special type of regulatory regime. Matthew Elderfield, chief executive of the Bermuda Monetary Authority, expects the next wave of capital that enters the insurance [...]
CIC takes stake in KMG as China seeks to take advantage of commodity slump September 30, 2009 CHINESE wealth fund CIC yesterday bought a stake in KazMunaiGas Exploration Production (KMG), the Kazakh oil and gas company, which is listed on the Kazakhstan Stock Exchange, and has its GDRs listed on the London Stock Exchange. State-owned CIC, which has over $300bn (£189bn) under management, paid $939m for an 11 per cent stake in [...]
Arsenal late show as Van Persie breaks Greek resolve September 29, 2009 ARSENAL (2) vs OLYMPIACOS (0) ARSENAL manager Arsene Wenger enjoyed the luxury of shrugging off his side’s wastefulness after late strikes from Robin van Persie and Andrey Arshavin maintained their 100 per cent start in Europe. The Gunners allowed a host of chances to pass them by until the 78th minute, when Van Persie converted [...]