News archive from 11 February 2012

Emerging markets and high-yield remain strong-EPFR

Emerging market equity funds absorbed $5.8 billion, a 68-week high, while emerging market bond funds absorbed an unprecedented $2.14 billion, according to the Cambridge, Massachusetts-based fund tracker. Emerging markets funds are "a key proxy...

 
Chief executive Bob Diamond 'proud' of Barclays as bank posts a £5.9bn profit

Chief executive Bob Diamond 'proud' of Barclays as bank posts a £5.9bn profit

Barclays managed to shake-off a slump in its investment banking arm and a £1bn compensation bill for mis-selling to post a £5.9bn profit. Yesterday it became the first British bank to announce its figures for last year in a curtain raiser for results...

 
KENNY DALGLISH: GO FOR ALEX FERGUSON

KENNY DALGLISH: GO FOR ALEX FERGUSON

KENNY DALGLISH has told the Football Association that their first move in the search for a new England manager should be to ask Sir Alex Ferguson whether he wants the job. Liverpool boss Dalglish goes head to head with Manchester United manager...

 

Greece bailout: Cabinet approves fresh cuts

Greece's cabinet has approved fresh austerity measures demanded by the eurozone and IMF in return for a 130bn-euro ($170bn; £110bn) bailout. The draft bill must now be passed by the Greek parliament and approved by European finance ministers. Five...

BBC, 22:34 in Business
 
ROLLS-ROYCE CALLS FOR ENGINEERING HEROES

ROLLS-ROYCE CALLS FOR ENGINEERING HEROES

THE boss of jet-engine maker Rolls-Royce yesterday called on Britain to produce more “engineering heroes” to boost manufacturing and rebalance the economy. Chief executive John Rishton said too much attention had been paid to investment bankers...

 

Wall St Week Ahead: Bulls will not be tamed by weak earnings

* Option traders brace for volatility on Greek news By Angela Moon NEW YORK, Feb 10 (Reuters) - Despite a mediocre earnings season and signs of an overbought market, Wall Street bulls are likely to remain in control next week. So far in this earnings...

 
Home Alone star Macaulay Culkin sparks concern as he emerges looking dishevelled and emaciated

Home Alone star Macaulay Culkin sparks concern as he emerges looking dishevelled and emaciated

But his spokesperson insists there is no need for concern, saying in a statement: 'Macaulay Culkin is in perfectly good health.' His appearance was a far cry from the cute youngster who shot to international fame playing cheeky Kevin McCallister in...

 

Sudan, S.Sudan sign security pact to defuse tensions

Landlocked South Sudan took three-quarters of Sudan's oil production -- the lifeline of both economies -- but needs to sell its crude through northern export facilities. Both countries have failed to agree on a transit pipeline fee. Juba shut down...

 

Greek cabinet approves EU/IMF bailout bill

All eyes will now be on parliament, which is scheduled to vote on the bill on Sunday. Analysts expect the deeply unpopular package to be adopted but Greek politics remain highly unstable. Even after this is done, the EU also wants a further 325...

Reuters, 23:07 in Business
 
Asia giants join Iran diplomacy as sanctions hurt trade

Asia giants join Iran diplomacy as sanctions hurt trade

New financial sanctions imposed by the United States and European Union are making it difficult for Iran to pay for staple food and other imports, causing hardship for its 74 million people with just weeks to go before an election. Commodities traders...

 
HARRY REDKNAPP: I'M NO PART-TIMER

HARRY REDKNAPP: I'M NO PART-TIMER

HARRY REDKNAPP has dismissed the prospect of managing England on a part-time basis for the European Championship. And Redknapp warned the FA he will not be rushed into a decision on becoming the next permanent England boss after his Southwark Crown...

 
HARRY REDKNAPP'S GAME STILL IN A WHIRL

HARRY REDKNAPP'S GAME STILL IN A WHIRL

HARRY REDKNAPP was back in his element at Tottenham’s training ground yesterday. His territory, away from the glass-shielded court-room dock and the inquisition of the plummy barrister. He was in the kind of place where he has spent all his working...

 
THE OLD LIONS WHO ARE STILL RATTLING EACH OTHER’S CAGE

THE OLD LIONS WHO ARE STILL RATTLING EACH OTHER’S CAGE

THEY were no different yesterday to the way they have been since their first encounter 43 years ago. Ever since that winter’s night at Celtic Park in 1969, the relationship between Kenny Dalglish and Sir Alex Ferguson has been characterised by a...

 
JORDAN HENDERSON WARMING TO HIS ROLE IN SPOTLIGHT

JORDAN HENDERSON WARMING TO HIS ROLE IN SPOTLIGHT

THE temperature has plunged past freezing, but Jordan Henderson walks around a PR event in jeans and a short-sleeved polo shirt, shunning heavy-duty coats, scarves and hats. The image seems fitting. This is not someone prone to freezing in the...

 
BARCLAYS BOSS HITS OUT AT BANK’S CRITICS

BARCLAYS BOSS HITS OUT AT BANK’S CRITICS

A DEFIANT Barclays yesterday hit back at criticism from a top investor body, claiming shareholders “loved” the bank despite a dip in profits last year and a warning it was likely to miss a key target for 2013. The bank came under fire from the...

 


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