News archive from 18 January 2012, page 17

IMF seeking $500bn funding boost

IMF seeking $500bn funding boost

The International Monetary Fund (IMF) has said it will seek to increase its resources by $500bn (£325bn) to help stabilise the global economy. The extra money could be used to help countries in the eurozone struggling to pay their debts. But the IMF...

BBC, 15:39 in Business

Cinven to buy patent firm CPA from ICG

Its deal for a significant minority stake of roughly 40 percent valued the business at 440 million pounds at the time. ICG said the sale would generate total proceeds of 387 million pounds for it and would result in an additional 43 million pounds...

Reuters, 15:52 in Business

A colossal own goal

David Cameron has all the benefits of inherited wealth to ensure never having to worry about the financial problems that confront working people every day. But he must be as stunned as the rest of us that his financial good fortune is twinned with...

Martin Bain drops bid for details of Rangers tax debts

Martin Bain drops bid for details of Rangers tax debts

Rangers former chief executive Martin Bain has dropped a legal bid to secure more details of the club's tax debts. His lawyers had brought forward the move ahead of his damages claim against his former employer. He is pursuing the Ibrox club for...

BBC, 16:09 in Business
Colman's staff keen on Unilever pensions protest

Colman's staff keen on Unilever pensions protest

As staff arrive at the Colman's plant in Norwich, they are met by the familiar bull's head logo at the entrance. But these staff are angry. The red rag comes in the form of the planned closure of their final-salary pension by Colman's owners, the...

BBC, 16:09 in Business

Japanese scientists fear spacecraft blueprint stolen after networks penetrated by virus

'We sincerely apologise over such trouble, and we will promptly address the following measures while strengthening our information security in order to prevent any recurrence, as we gravely regret this incident' JAXA statement A statement released by...

Shell teams with Tullow to boost oil exploration

Shell teams with Tullow to boost oil exploration

Tullow said on Wednesday the partnership would seek "transformational" discoveries in "underexplored frontier basins". Weaker than expected production guidance from Tullow of between 78,000 and 86,000 barrels of oil equivalent per...

Reuters, 16:20 in Business

England fight back to reel in Pakistan

CRICKET: England believe they can still win the first Test after their late fightback on a tough second day against Pakistan today. Two wickets - including that of captain Misbah-ul-Haq - in the last five balls before stumps meant Pakistan closed on...


Nalbandian ref rage

TENNIS: Rafael Nadal didn't drop a set and Roger Federer didn't pick up a racket, but both reached the third round of the Australian Open today along with several of the top women. Nadal beat German veteran Tommy Haas 6-4, 6-3, 6-4, while Federer's...


Fourth arrest made in Olympic spying case

FOOTBALL: A fourth suspect was arrested today by detectives investigating allegations that Tottenham Hotspur spied on Olympic officials during their stadium bid. Scotland Yard said a 45-year-old man was being held at a south London police station...


Henson in line for Six Nations comeback

RUGBY UNION: Gavin Henson could make his first Six Nations appearance since 2009 after being included in head coach Warren Gatland's 35-man training squad. The 29-year-old Cardiff Blues back has not featured for his country since dislocating a bone in...


I never said I wanted to leave Tottenham, says frustrated Defoe after exit reports

FOOTBALL: Jermain Defoe admitted his frustration today at warming the bench at Tottenham but denied saying he wants to leave the club. The England striker has started just seven Premier League matches this season and reports have linked him with a...


Coleman set to be named as Wales boss

FOOTBALL: The Football Association of Wales are expected to name Chris Coleman as the new national team manager tomorrow. Former Wales internationals Coleman and John Hartson have both expressed strong interest in taking over from Gary Speed, who...


Amir Khan feared unfair hearing at IBF

BOXING: Amir Khan's promoter confirmed today that they withdrew their appeal over last month's controversial defeat by Lamont Peterson because they feared the International Boxing Federation hearing would be "one-sided" and not "fully...

Mr Osborne and the semiotics of GDP

Mr Osborne and the semiotics of GDP

He might be in Japan, but the chancellor is keeping one eye on the GDP figures back home. I interviewed him in a slightly odd location earlier today - on an empty bullet train parked outside the main Tokyo rail depot. He admitted for the first time...

BBC, 16:26 in Business

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