FSA fines ex Sibir chief for market abuse July 6, 2010 A DAMAGING corporate ruse was finally rumbled yesterday after the City regulator slapped a £350,000 fine on Henry Cameron, the former chief executive of oil company Sibir Energy. Last year, Sibir was embroiled in controversy over debts owed to the company by Russian tycoon Chalva Tchigirinski, one of its major shareholders. Sibir informed the market [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 1, 2010 FINANCIAL TIMES GENERAL ELECTRIC CHIEF VENTS FRUSTRATION OVER CHINA The GE chief executive Jeff Immelt told Italian industrialists at a dinner on Wednesday that he was worried about the way Beijing was treating foreign companies. “I am not sure that in the end they want any of us to win or any of us to [...]
Polyus and KazakhGold eye LSE June 30, 2010 Russian miner Polyus will list on the London Stock Exchange and probably enter the FTSE 100 following its merger with KazakhGold. The fused entity will have a market value of £6.7bn and is expected to be chaired by Mikhail Prokhorov, Polyus’ owner. Polyus said that it would delist its shares in Moscow to seek a [...]
Venus sent crashing out by Pironkova June 29, 2010 GIANT-KILLER Tsvetana Pironkova told of her dream come true after sending five-time champion Venus Williams spinning out of Wimbledon. The unseeded Bulgarian put in the performance of her life, returning everything Williams had to throw at her, to come through 6-2, 6-3 in one of the biggest shocks in SW19 history. “It seems like a [...]
Housing market is looking healthier June 28, 2010 THE long upwards run for house prices has ground to a halt. The recent history of UK house prices has confounded many commentators: values plunged when the credit crunch hit, albeit not as much as in the US, then regained over half of their losses over the past year. The present return to stagnation makes [...]
BP boss calms Russian fears June 28, 2010 TONY HAYWARD, the embattled BP chief executive, yesterday launched a campaign to reassure top Russian officials of the group’s stability. Hayward, who met with government figures, is on a charm offensive to reassure the Kremlin over BP’s local operations. A number of concerns have been expressed by the country’s government over the future of the [...]
Serena powers through June 28, 2010 DEFENDING champion Serena Williams overcame a brave performance from 2004 champion Maria Sharapova to blast into another Wimbledon quarter-final. The top seed recovered from a marathon tie-break in the first set to come through 7-6 (11-9), 6-4 against the popular Russian on Centre Court. Williams now plays China’s Na Li in the last eight after [...]
Credit Suisse rejigs its top management June 24, 2010 CREDIT SUISSE has named Eric Varvel as its investment bank chief executive as part of an overhaul of the bank’s executive board. Varvel, who was serving as the unit’s acting chief executive, will officially step into the role next week. He assumed the role last September when it emerged that the investment unit’s chief Paul [...]
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 [...]