Rusal off to a slippery start January 27, 2010 RUSAL, the Russian aluminium producer owned by oligarch Oleg Deripaska, suffered a rough debut on the Hong Kong Stock Exchange yesterday after its $2.2bn (£1.4bn) float. The company’s shares tumbled 11 per cent to HK$9.66 from their listing price of HK$10.80. Analysts attributed the poor performance to market worries over Rusal’s $14.9bn debt pile and [...]
Red dragon breathes IPOs as Bric issues boom in January January 27, 2010 CHINESE companies have dominated this year’s initial public offerings in key emerging markets, according to data compiled by Thomson Reuters. More than 65 per cent of IPOs in Brazil, India and China in 2010 have come from the far east. China Electric’s $1.5bn (£930m) share issue on 20 January led the way among Chinese companies, [...]
Federer marches on but Djokovic crashes January 27, 2010 WORLD No1 Roger Federer overcame a shaky start to see off nemesis Nikolay Davydenko and reach a 23rd consecutive Grand Slam semi-final. The Swiss star recovered from a set and 3-1 down with a storming run of 13 consecutive games before coming through 2-6, 6-3, 6-0, 7-5 against the Russian, who had beaten him in [...]
SPORT | IN BRIEF January 26, 2010 Manchester to host Haye return BOXING: Britain’s David Haye will make the first defence of his WBA world heavyweight championship against John Ruiz in Manchester on 3 April. American Ruiz is the mandatory challenge for Haye, who clinched the title with a crushing defeat of Russian giant Nikolay Valuev in November. “It’s been 10 years [...]
Comeback queen Henin in last four January 26, 2010 JUSTINE HENIN’S fairytale comeback continued as she moved one step closer to a dream Australian Open title with a quarter-final victory over Nadia Petrova. The former world No1, playing in her first Grand Slam since coming out of retirement, showed her battling qualities to come through a tough match 7-6 (7-3), 7-5 and book a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 25, 2010 FINANCIAL TIMES CHAIRMAN OF HSBC HITS AT BIG BONUSES Stephen Green, chairman of HSBC and British Bankers’ Association, has hit out at the inflated level and distorted structure of bonuses, predicting future pay-outs will be lower and more rationally calculated. In a video interview with the FT, published on the eve of the World Economic [...]
Nemesis Davydenko next up for Federer January 25, 2010 WORLD No1 Roger Federer remained on course for an incredible 16th Grand Slam title after turning on the style to beat home favourite Lleyton Hewitt in Melbourne. The Swiss star hardly broke sweat to claim a resounding 6-2, 6-3, 6-4 victory and book a quarter-final date with sixth seed Nikolay Davydenko, who saw off Fernando [...]
Spurs won’t crack under the pressure, says Defoe January 25, 2010 JERMAIN DEFOE insists Tottenham will not crack under the pressure of a top-four charge as they enter a crucial stage of the season. Harry Redknapp’s men currently lie fourth in the table, but a run of five games in the next 16 days, starting with the visit of London rivals Fulham to White Hart Lane [...]
Saab now in Spyker’s web January 24, 2010 THE long-anticipated sale of Saab could finally be completed this week. Financial terms are believed to have been reached between General Motors and Dutch luxury car maker Spyker. The two sides are now thrashing out production and management issues before they can finalise the deal. One possible stumbling block is the role Vladimir Antonov, Spyker’s [...]
From Russia with love – and money January 24, 2010 THE OLIGARCH’S WIFE By ANNA BLUNDY Preface, £12.99 Anna Blundy, an impossibly glamorous-looking journalist and daughter of the late foreign correspondent Peter Blundy, knows her subject well. A graduate of a Russian at Oxford, she lived in Russia first as a translator, then a blues singer and then as foreign correspondent for a national newspaper. [...]