Deripaska in HK flotation September 27, 2009 ALUMINIUM giant Rusal, the group controlled by Russian billionaire Oleg Deripaska, is set to announce one of the biggest floats of the year this week, in Hong Kong. The $30bn (£19bn) flotation, which will see 10 per cent of the group’s shares put on the Asian market, is snubbing the London Stock Exchange (LSE) because [...]
SPORT IN BRIEF September 22, 2009 Fury could help Haye’s Valuev bidBOXING: Britain’s David Haye is eager to spar with heavyweight prospect Tyson Fury as he steps up preparations for his WBA title bout with giant Nikolai Valuev. The former undisputed cruiserweight champion meets the 7ft 2ins Russian in Germany on November 7 and wants the help of 6ft 8in, 21-year-old [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 22, 2009 FINANCIAL TIMES VODAFONE TO REJIG MOBILE INTERNET STRATEGYVodafone will set out a significant revamp of its services strategy for mobile phones tomorrow as it tries to bridge the gap with global rivals. Vittorio Colao, chief executive, will outline new services that are intended to capitalise on the rising popularity of surfing the internet on mobiles.Some [...]
GM to discuss plant’s future September 21, 2009 GM Europe is forming a group to discuss the future of Opel's plant in Antwerp, Belgium and will give details on its restructuring plan after talks are concluded, it said yesterday. Magna and Russian partner Sberbank struck a deal to buy a majority stake of Opel from GM two weeks ago. They plan to cut [...]
Putin in gas extraction summit September 20, 2009 Russian Prime Minister Vladimir Putin said he will this week hold a meeting on how to tap giant gas reserves on the Arctic Yamal peninsula, and global majors hope to hear about tax breaks and the easing of regulations. Industry sources said invitations had gone to the heads of Total, Royal Dutch Shell, Exxon Mobil, [...]
Bank of New York Mellon settles $22.5bn Russia case September 16, 2009 RUSSIA expects to get costs of at least $14m (£8.5m) in an out-of-court settlement of a $22.5bn lawsuit against Bank of New York Mellon, finance minister Alexei Kudrin said yesterday. The deal should bring to an end Russia’s more than two-year quest for compensation from the bank over alleged laundering of $7bn from Russia in [...]
Blues chief exec Kenyon to leave role next month September 16, 2009 CHELSEA chief executive Peter Kenyon will leave his full-time role at the end of October, after six years at the forefront of the most successful spell in the club’s history. The Blues said yesterday that Kenyon, 55, would retain a role as non-executive director and continue to represent the Premier League leaders on European committees. [...]
BoNY nears Russian deal September 14, 2009 THE RUSSIAN government is set to bring its $22.5bn (£13.6bn) lawsuit against Bank of New York Mellon (BoNY) to an end after the bank agreed to provide credit to Moscow-based banks, sources told City A.M last night. An out-of-court settlement is being discussed that will see the USbanking giant restart trade-finance lending to banks nominated [...]
Brown seeks to safeguard Vauxhall jobs September 13, 2009 PRIME Minister Gordon Brown is set to lead talks at Ellesmere Port car plant this week, as part of a government push to safeguard thousands of jobs at Vauxhall’s UK plants. The move comes after US parent General Motors (GM) sold off a 55 per cent stake in its European arm to Canadian car parts [...]
GENERAL MOTORS SELLS VAUXHALL September 10, 2009 CAR giant General Motors (GM) yesterday revealed it is selling a 55 per cent stake in Vauxhall and Opel to Canadian car parts maker Magna International. The announcement ends a long bidding war for its European arm between Magna, which is backed by Russian bank Sberbank, and Belgian group RHJ International and Beijing Automotive. The [...]