FOREX FLASH March 16, 2010 ROUBLE COULD STRENGTHEN 20 PER CENT The Russian rouble could strengthen by as much as 18 to 20 per cent over the next three years, the Russian deputy economy minister Andrei Klepach said yesterday. Klepach warned that this appreciation would hurt manufacturers and limit economic growth. He added: “We are not ready to move to [...]
Hedge funds investing in big-time divorce March 16, 2010 AMONG all the people who lost money in the downturn, one of the most colourful cases was that of Scot Young, businessman friend of Russian oligarch Boris Berezovsky and owner of the Ivy restaurant, Richard Caring. When his wife filed for divorce last year it emerged that Young’s £400m fortune had apparently vanished, with Young [...]
Airlines hit by record slump in passengers March 15, 2010 AIRLINES saw the biggest drop in passenger numbers since World War Two last year, as the global recession wreaked havoc on the fortunes of the industry. According to figures published by the Civil Aviation Authority (CAA), 218m passengers passed through UK airports in 2009 – plunging 7.3 per cent on volumes recorded in 2008. The [...]
Silver lining for Meadows as Britain end on a high March 14, 2010 JENNY MEADOWS failed in her bid to clinch a third gold medal for Great Britain at the World Indoor Championships in Doha when she was beaten down the final straight by Russian Mariya Savinova in the women’s 800m. Last year’s world outdoor bronze medallist still set a new British record of 1.58.43 and said: “I [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 11, 2010 FINANCIAL TIMES PUSH FOR CLEARING HOUSES FAILS TO MOVE OIL TRADERS Big oil traders are choosing to keep more derivatives deals private, in spite of a global regulatory campaign to steer such contracts to clearing houses. Their willingness to take on risks viewed as intolerable just a year ago reflects renewed faith in the strength [...]
Arsenal’s Gazidis preaching simple solution to football’s debt problem March 10, 2010 IT seems apt that Ivan Gazidis first fell in love with football at Portsmouth. His boyhood club’s grim descent into administration has laid bare the financial mismanagement prevalent even at the top level, where clubs borrow vast sums just to keep pace with their rivals. Now, as chief executive of Arsenal, he is among the [...]
Baltacha through to Indian Wells March 10, 2010 TENNIS: British No1 Elena Baltacha qualified for the main draw of the BNP Paribas Open in Indian Wells after securing a 6-3, 6-4 win over Russian Ekaterina Bychkova. She will now play American wildcard Alexa Glatch in the first round on Wednesday, joining fellow Brit Anne Keothavong and men’s No4 Andy Murray in California. Murray [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 7, 2010 THE SUNDAYS The Sunday Telegraph NORTHERN ROCK £400M LOSS Northern Rock made multi-million pound losses for a third year running in 2009, the nationalised lender will reveal this week. The bank will report pre-tax losses of about £400m, analysts believe, a marked improvement on the £1.36bn of losses in 2008. Since the Government bailed it [...]
Wiggins seals third-place finish March 7, 2010 CYCLING: Bradley Wiggins finished in the peleton to claim third place in the Tour of Mercia. The British Team Sky rider maintained his position following his time trial success on Saturday, finishing behind Czech winner Frantisek Rabon and Russian Denis Menchov. Lance Armstrong came home in seventh.
WHAT THE OTHER PAPERS SAY THIS MORNING March 3, 2010 FINANCIAL TIMES POLICE SHUT DOWN MARIPOSA HACKER RING Police, private security experts and internet service providers said yesterday they had shut down the Mariposa botnet, one of the largest networks of hacked personal computers discovered. It had siphoned off financial and other information from inside half of the largest 1,000 US companies. Computers using about [...]