Ruthless Williams waltzes into round three June 24, 2010 DEFENDING champion Serena Williams wasted no time in easing her way into the third round round of Wimbledon. The American top seed came close to completing a ‘double bagel’ over Anna Chakvetadze before the Russian finally won her only game, on serve, in game six of the second set. Williams is now on collision course [...]
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 [...]
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 [...]
White House hits out over yachting race June 20, 2010 THE WHITE House has hit out at BP chief executive Tony Hayward, who was spotted on his yacht just off the Isle of Wight over the weekend. US President Barack Obama’s chief of staff, Rham Emanuel said that Hayward’s trip was “part of a long line of PR gaffes and mistakes”. He said: “To quote [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 17, 2010 FINANCIAL TIMES UGANDA TAX ROW DELAYS HERITAGE SALE OF OIL FIELD Uganda is insisting that Heritage Oil, the UK-listed oil explorer, must agree to pay $360m (£243m) in capital gains tax on the “super profits” it will make on a $1.35bn oilfields sale before it will sanction the deal. Uganda’s energy minister said the government [...]
Osborne must show his true colours June 15, 2010 THERE will be plenty of banker-bashing from George Osborne when he delivers his first Mansion House speech to the City tonight. The audience of movers and shakers will barely notice; financiers are used to the abuse by now. Most of the proposals have been well trailed: a new levy on balance sheets (which could raise [...]
CITY MOVES | WHO’S SWITCHING JOBS June 15, 2010 City Index The spread betting firm has appointed Sandy Jadeja as its new chief technical analyst. Jadeja has 23 years of experience in technical analysis, trading psychology and global financial markets commentary. Prior to joining City Index, he was the chief market strategist at FX-focused trading platform provider Capital Market Services. He has also worked [...]
Growing calls for Cameron to support BP June 10, 2010 THERE were growing calls for David Cameron to throw his weight behind troubled oil major BP last night, but the Prime Minister appeared to side with the American government. London mayor Boris Johnson broke ranks to hit out at “the anti British rhetoric… permeating from America” and said the matter was of “great concern” because [...]
BP hopes to double oil captured June 7, 2010 EMBATTLED oil major BP could soon siphon off up to 20,000 barrels a day from its leaking well in the Gulf of Mexico – twice the amount it is currently collecting. US Coast Guard Admiral Thad Allen, who is leading the operation for the American government, said that BP could contain twice as much oil [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 3, 2010 Financial times TNK-BP STEP UP SALE OF GAS FIELD TNK-BP, BP’s Russian joint oil venture, ratcheted up the pressure for a sale of its vast Kovykta gas field on Thursday, announcing that it was pushing the unit that owns the licence to the field into bankruptcy. The move raises the stakes over the future of [...]