Henry to meet President Sarkozy as French begin debacle inquest June 23, 2010 FRENCH president Nicolas Sarkozy will today meet striker Thierry Henry to dissect the nation’s disastrous World Cup campaign. Henry called Sarkozy himself to request a meeting after the team crashed out at the group stage amid bitter in-fighting. Sarkozy yesterday met with his prime minister and sports minister to begin the inquest, after the France [...]
THE BANK TAX EXPLAINED June 22, 2010 Q.WHICH INSTITUTIONS WILL THE TAX APPLY TO? A.The levy will be based on the balance sheets of UK?banks and building societies, the UK branches of foreign banks and the foreign branches of UK banks. For example, Société Générale’s operation in London will be hit the same as Barclays Capital’s unit in Paris. Q.WHY IS THE [...]
Bafana Bafana show spirit as France’s disastrous World Cup campaign comes to a humiliating end June 22, 2010 FRANCE (1 VS ) SOUTH AFRICA (2) OUTGOING France coach Raymond Domenech admitted he felt “a great sadness” after his side crashed out of the World Cup in ignominy with defeat to hosts South Africa. In a humiliating campaign, dogged by controversy and infighting, Les Bleus finished bottom of Group A with just one goal [...]
ECB welcomes shift in China’s yuan policy June 21, 2010 CHINA’S decision to reform its exchange rate system was yesterday welcomed by the European Central Bank (ECB) and the president of the Eurogroup Jean-Claude Junker. In a statement yesterday it said: “The euro area continues to have a clear interest in a strong and stable international financial system, as excess volatility and disorderly movements in [...]
WORLD CUP NEWS | IN BRIEF June 21, 2010 France end revolt over Anelka THE French squad returned to training yesterday to end their boycott over the expulsion of Nicolas Anelka. The squad opted to not take part in training on Sunday after the Chelsea striker was sent home for a row with coach Raymond Domenech and then refused to apologise. President Nicolas Sarkozy [...]
Sarkozy and Merkel call for tougher rules June 21, 2010 FRANCE and Germany renewed their calls for tougher regulation of the global financial sector yesterday, ahead of the G20 meeting in Canada later this week. “Since our first meeting in Washington in 2008, we have made solid progress in implementing the financial regulatory reform agenda,” French President Nicolas Sarkozy and German Chancellor Angela Merkel said [...]
Retirement age in France to rise to 62 June 16, 2010 FRENCH citizens face two more years of slogging away at work until they can retire, under new pensions system reforms unveiled by the country’s government yesterday. France plans to raise its minimum retirement age to 62 by 2018, from its current threshold of 60. The government will also increase taxes for top earners, targeting capital [...]
Germany keeps focus on exports June 15, 2010 Germany has no intention of dropping its focus on exports to help boost the economies of its European Union partners, it said yesterday, despite adopting a conciliatory tone towards France on EU economic management. Ahead of this week’s European Union summit, chancellor Angela Merkel met France’s Nicolas Sarkozy on Monday and agreed that Europe needed [...]
European executive eyes new watchdog to control speculators June 14, 2010 THE EUROPEAN executive dealt a blow to French and German hopes of a permanent EU-wide ban on some forms of trading after throwing its weight behind empowering new watchdogs to rein in financial speculators. Last week, German Chancellor Angela Merkel and French President Nicolas Sarkozy wrote to the European Commission demanding it look at outlawing [...]
TECHNICALS DRIVING THE RECENT RALLY June 14, 2010 CFD MARKET STRATEGIST, GFT WE HAVE seen a fair recovery in global equities over the past few days. Even Friday’s terrible retail sales numbers from the US weren’t considered bad enough to dampen renewed risk appetite. Traders concentrated on the modest improvement in consumer sentiment and used it as an excuse to buy stocks, giving [...]