News archive from 6 February 2012

Pro-EU Niinisto wins Finnish presidency

Pro-EU Niinisto wins Finnish presidency

The former finance minister won with 63 percent support, defeating pro-euro Greens Party candidate Pekka Haavisto. The two had beaten anti-euro candidates, Paavo Vayrynen of the Centre party and Timo Soini of the Finns Party, in an earlier round last...

 

Barclays poised to report profits of nearly £700,000 an hour in crucial week

Enlarge Barclays is poised to report profits of nearly £700,000 an hour in a crucial week for some of Britain"s biggest companies. The bank is expected to announce annual profits of £6bn on Friday - broadly similar to the previous year and an...

 
LAMBERT CLEARS UP QUEEN REPORTS

LAMBERT CLEARS UP QUEEN REPORTS

ADAM LAMBERT has cleared up reports he is the new frontman of QUEEN, insisting remarks he made about joining the WE WILL ROCK YOU stars were "taken out of context". In a recent interview, the pop star appeared to confirm he was heading on...

 

ET, the new alien scaring global markets

The new buzzword in the financial world is "extraterritoriality", or ET. The idea that a government can exercise its authority beyond its borders. The fear is that after the 2007-2009 financial crisis that roiled global markets, some...

Reuters, 22:39 in Business
 

Local firms vie for Yum's slice of the China market

It's an increasingly common sight: Chinese consumers turning to local fast-food alternatives to the long-dominant pair in China -- Yum Brands Inc's (YUM.N) KFC and McDonalds Corp (MCD.N). Twenty-five years after Yum introduced China to American-style...

Reuters, 22:39 in Business
 

India court ruling to trigger telecoms industry shakeout

Within hours of a Thursday ruling by India's highest court that all licences awarded in a scandal-tainted 2008 sale be revoked, jeopardising the operations of a handful of smaller carriers, the UK giant ran front-page newspaper ads inviting users of...

Reuters, 22:47 in Business
 
Olympus to hold shareholder meeting on April 20

Olympus to hold shareholder meeting on April 20

Fujifilm Holdings, Sony Corp and Panasonic are among firms speculated to be potential partners for Olympus. Takayama said on January 18 that his company had not been in specific talks with any of those firms and that Olympus would wait until after a...

 

Disagreements on cyber risk East-West "Cold War"

But as they do so, the gulf between them and China and Russia -- blamed for many recent hacks and with a very different and much more authoritarian view over the future of the Internet -- grows ever wider. Last week, Chinese officials turned down...

 
Glencore, Xstrata hammering out final deal details

Glencore, Xstrata hammering out final deal details

Xstrata, in which Glencore already has a 34 percent stake, announced last week it had been approached by the world's largest diversified commodities trader and was in discussions over an all-share "merger of equals," a deal that would be the...

Reuters, 23:00 in Business
 

Merger fails, but D.Boerse CEO says allies a must

Francioni, who said he has no plans to step down or surrender his bonus for 2011, attacked the European Commission's decision to block the merger and said the exchange operator would consider taking Brussels to court over it. It made absolutely no...

Reuters, 23:09 in Business
 
Analysis - Scandal blow puts Indian government in danger

Analysis - Scandal blow puts Indian government in danger

Singh is unlikely to quit following last week's Supreme Court order for 122 telecoms licences to be revoked, a deeply embarrassing ruling that accused the government of "virtually gifting away an important national asset at throwaway...

 
Lancaster hits roof... but it's a punch of joy as England floor Scots

Lancaster hits roof... but it's a punch of joy as England floor Scots

"I actually punched the roof (of the coaches" box) and split my finger when Charlie Hodgson scored 29 seconds into the second half," said Lancaster. "I managed to punch the ceiling light! I had the stitches put in straight after...

Daily Mail, 23:31 in Sport
 

Deep-sea filmmakers killed in Australia helicopter crash

Police did not release the victims' identities immediately. However, National Geographic and Oscar-winning director Cameron confirmed their deaths in a statement released on Sunday. " ... the deep-sea community lost two of its finest," the...

 
EXCLUSIVE: Roman's big shock for AVB! Chelsea boss 'shaken' after showdown

EXCLUSIVE: Roman's big shock for AVB! Chelsea boss 'shaken' after showdown

Andre Villas-Boas is fighting to convince Roman Abramovich he is still the man for the Chelsea job after an amazing showdown on Saturday. Sportsmail can reveal that Villas-Boas was locked in talks with Abramovich at Chelsea's training ground on...

Daily Mail, 23:42 in Sport
 

Premier Wen says China needs to help Europe - report

"Europe is now in a debt crisis," Wen was quoted as saying. "We must consider our relations with Europe from strategic needs, maintaining our nation's own interest. "On the other hand, Europe is our largest export market. Europe is...

Reuters, 23:46 in Business
 


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