‘Global News’ Archives
28 banks are global systemic banks: Basel group
PARIS -(MarketWatch)- Global banking regulators have identified 28 banks that qualify as global systemically important banks and recommended that these banks--whose failure would threaten global financial stability--face a capital surcharge, in order to prevent the repeat of a financial crisis. The Basel Committee on banking supervision Tuesday [...]
European debt crisis could soon send global shockwaves
EUROPE'S debt crisis could have global repercussions and be "very costly" for the world if not tackled soon, the IMF warned. As fears escalated about the health of the Spanish and Italian economies, the international lender of last resort cautioned that the market remained "unconvinced that a sustainable solution is at hand" despite support [...]
Global capital surcharge to affect 28 big banks
(Reuters) - A global regulatory task force said on Tuesday its planned capital requirement surcharge to make the world's biggest banks safer will affect 28 banks initially. The Financial Stability Board (FSB) did not name the banks in its consultation paper on the new surcharge, which it confirmed in a news briefing on Monday would be set at [...]
Global match-fixing investigation claims major scalp as Wilson Raj Perumal is jailed for two years
Wilson Raj Perumal, whose links to London were exposed by Telegraph Sport in April, was convicted in a Helsinki court alongside nine players from two Finnish clubs who were paid between €20,000 and €50,000 to fix matches. He was described in court as “a member of international organised group doing betting scams” and his conviction [...]
Murdoch’s wife leaps into global spotlight
SHANGHAI — Wendi Deng, who has emerged as an unlikely heroine after leaping to defend her 80-year-old husband Rupert Murdoch from a pie-wielding protester, has a reputation for fierce loyalty and ambition. Her full-blooded swing at her husband's assailant during a British parliamentary hearing on the News of the World phone hacking scandal [...]
Vodafone seeks global private equity partner for India arm
MUMBAI/DELHI: After losing its Indian partner Essar, global telecom major Vodafone is now looking for new partners. The UK-based telecom major has initiated talks with at least two private equity companies to sell a stake in its India operations, said a person involved in discussions. He declined to name the prospective buyers. Earlier this [...]
Martin Whitmarsh: Formula 1 has more digital information than Tennis and Football – Formula 1 news
McLaren team boss Martin Whitmarsh has stated that Formula 1 is one of the biggest global sports and it must take advantage of that to sustain its position among other sports in the world. Whitmarsh stated that the technicalities of the Formula 1 sport are much more than that of Tennis and Football, the other two global sports. He said that F1 [...]
Kobe joins the “Hey, I may play overseas” parade
Make no mistake, this is about leverage in negotiations. However the threat of going overseas to play sounds reasonable coming from Kobe, a guy who has the money and is a competitor at heart. Doesn’t mean the guy whose body could use a little rest is actually going to go over to Europe or China, or even Turkey. But as you can see from the [...]
Man Utd Leave Chelsea Trailing in List of Most Valuable Global Sports Teams
(WFI) English Premier League champions Manchester United are named as the world's most valuable sports team. The Red Devils, who last night kicked off their pre-season tour of the USA with a 4-1 thrashing of New England Revolution at Gillette Stadium, are said to be worth $1.86 billion, according to Forbes magazine's annual top 50 [...]
Bitter Sweet day for Ulinzi
Kenyan Premier League (KPL) has insisted champions Ulinzi must honour Saturday's match at Karuturi against Chemelil Sugar. The team is in Brazil for the World Military games, but have been scheduled on Saturday’s fixture, which kicks off at 4pm and will be live on SuperSport. KPL Chief Executive Jack Oguda said the league champions are [...]
