PRESSMON.COM
Russian, European, Latin American and US press archive



All articles from June 1, 2005
<< Select other date

Pages:    1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

      PLEA TO SAVE ELEMENTS OF CONSTITUTION
      FT, 01-06-2005
      June 1 2005 03÷00 The European constitutional treaty may be impossible to rescue if member states press on with ratification after the French No vote, one of its principal drafters warned yesterday.

Giuliano Amato, the former Italian prime minister and vice–president of the convention that drew u >>>


      UK CONFIDENT OF BLOCKING BID TO OVERTURN ITS WORKING HOURS OPT–OUT
      FT, 01-06-2005
      June 1 2005 03÷00 Britain is confident of blocking moves in Brussels to end its "long hours" work culture, fuelling the fierce ideological battle with France over the economic future of Europe.

Tony Blair, British prime minister, says he has enough allies to save the UK‘s exemption from >>>


      WORRIES OVER EU FISCAL FLEXIBILITY
      FT, 01-06-2005
      May 1' 2005 1'÷45 The study, which compared fiscal flexibility across European countries, showed that rigid spending and taxation policies of some governments would make it difficult for them to avoid a deterioration in their deficits if faced with adverse trends.

The rest of this article is fo >>>


      ACADEMIC DEPORTED FROM BOTSWANA
      FT, 01-06-2005
      June 1 2005 03÷00 Botswana approved the deportation of a foreign academic yesterday in a case that has raised questions over the country‘s democratic credentials. A court upheld a deportation order served in February against Kenneth Good, an Australian lecturer of politics at the University of Botswana. M >>>


      IRAQ CALLS FOR UN HELP ON CONSTITUTION
      FT, 01-06-2005
      June 1 2005 03÷00 Hoshyar Zebari, Iraq‘s foreign minister, urged the UN yesterday to help his government write a new constitution, which he described as "the most critical test for the future of our country". The transitional government aims to draft a new constitution by August 15, leading to a >>>


      OFFSHORING MAKES A NICE LITTLE EARNER
      FT, 01-06-2005
      November ' 2004 03÷00 You cannot believe everything you read in the newspapers – some of them, at least. Across the developed world, press reports warn of the inevitable loss of millions of jobs to low–cost countries such as India as services follow manufacturing offshore. Yet countries such as >>>


      REGULATOR WARNS OF RISKS IN OFFSHORING TO INDIA
      FT, 01-06-2005
      May 6 2005 03÷00 The financial regulator has warned that offshoring operations to India carry potential risks because it is difficult for management to achieve sufficient oversight and controls from the UK.

The Financial Services Authority, which visited 10 operations in Mumbai and Bangalore providing >>>


      UK OFFSHORING÷ TRICKY BUSINESS OF WALKING ON EGGSHELLS
      FT, 01-06-2005
      September 27 2004 07÷42 It had seen the union and media backlash faced by rivals such as Aviva and Lloyds TSB last year when announcing they were moving thousands of back–office jobs to India. So it struck a deal in December with the Amicus union promising to move jobs offshore only after extensive consul >>>


      AIRBUS FACES COMPENSATION FOR A380 DELAY
      FT, 01-06-2005
      June 1 2005 0'÷13 Airbus faces demands for compensation from airlines which have placed orders for the A380, the largest airliner ever built, after it confirmed that there would be a delay in deliveries.

Qantas Airways, in a statement on Wednesday, said delivery of the 12 A380s it had ordered would >>>


      AMADEUS BACKERS TO GAUGE INTEREST IN BUY–OUT
      FT, 01-06-2005
      May 31 2005
22÷04 Amadeus, the Spanish–listed travel reservations group, meet potential sub–underwriting banks on Thursday to gauge interest in one of Europe‘s largest leveraged buy–outs.

The meeting comes amid a testing period for the European LBO sector, with a wave of lar >>>


      BAIN CAPITAL TO BUY SCHOOL SPECIALTY FOR $1.5BN
      FT, 01-06-2005
      June 1 2005 05÷06 Bain Capital, the US private equity group, on Tuesday night agreed to buy School Specialty, the listed seller of educational products based in Wisconsin, for about US$1.5bn including debt.

The deal marks the second transaction within the past two weeks in which a large buy–out g >>>


      BANKS MAKE A GOOD BET ON BAD DEBT
      FT, 01-06-2005
      June 1 2005 18÷33 In the past few years, some of the world‘s largest investment banks and private equity groups have snapped up portfolios of non–performing loans in Germany and Italy. In doing so, they are hoping to profit from financial distress by applying lessons learnt in the aftermath of the U >>>


      BOMBARDIER IN TALKS ON C–SERIES AIRCRAFT
      FT, 01-06-2005
      June 1 2005 17÷34 Bombardier, the Montreal–based aircraft and train maker, said on Wednesday that it was in talks with individual jet–engine manufacturers about a new engine for its proposed C–series aircraft, following the collapse of negotiations with the world‘s two biggest engine con >>>


      BOND YIELD SLIDE PRESENTS POLICY CONUNDRUM
      FT, 01-06-2005
      June 1 2005 18÷13 US Treasury yields fell to their lowest in more than a year on Wednesday, confounding prior market assumptions that they would rise this year and presenting central bankers with a growing policy conundrum.

The fall was triggered by weak macro–economic data, a broader investor fl >>>


      BT LIFTS CAP ON BONUS IN MOVE TO KEEP CHIEF
      FT, 01-06-2005
      June 1 2005 17÷36 BT Group has increased the cap on maximum bonus payments for Ben Verwaayen by more than 50 per cent but said it had structured it in a way to try to keep its chief executive for at least another three years.

The UK telecommunications group said the move was aimed at ensuring continuit >>>


      EURO SINKS FURTHER AS THE DUTCH POLLS OPEN
      FT, 01-06-2005
      June 1 2005 11÷48 The euro continued its decline against other major currencies on Wednesday, falling to its lowest levels in more than seven months as the Dutch took their turn at the polls to vote on the fate of the EU constitutional treaty.

After the French already gave the constitution a resounding >>>


      EURONEXT CHIEF REASSURES INVESTORS ON LSE BID
      FT, 01-06-2005
      June 1 2005 13÷17 Euronext, on Wednesday promised shareholders in the pan–European stock exchange that any bid for the London Stock Exchange would offer "a very strong return on investment".

He said Euronext‘s offer for the LSE, on which it is awaiting a decision by the UK Competi >>>


      EXPORTERS AND OILS BOOST EUROPEAN STOCKS
      FT, 01-06-2005
      June 1 2005 08÷22 Shares in Europe started firmer on Wednesday as the euro hovered around its weakest levels for seven months ahead of the Dutch vote on the European Union constitution.

The FTSE Eurofirst 300 rose 0.4 per cent to 1,10'.58, withing touching distance of the three–year high of 1 >>>


      FORD UNVEILS FURTHER FALL IN US CAR SALES
      FT, 01-06-2005
      June 1 2005 17÷5' Ford Motor on Wednesday said US car sales for May were down 11 per cent on last year to 283,''4 as the carmaker made further cuts in its North American vehicle output.

The carmaker, one of the first US groups to report May vehicle sales figures on Wednesday, said car sales >>>


      GERMANY WORKS ON UNEMPLOYMENT
      FT, 01-06-2005
      June 1 2005 18÷36 üller has had his hands full for the past few months. Since Germany introduced controversial changes to benefits for long–term unemployed in January, the director of a state–run Job Center in east Berlin has been in crisis–management mode.

He has organised th >>>


      GOL EXTENDS ITS CHEAP BRAZIL FLIGHTS
      FT, 01-06-2005
      June 1 2005 18÷23 Hyderabad hotel prices rise sharply The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World Companies Markets Markets & funds data Lex Comment & analysis Technology Business life Business education Management Media and m >>>


      HBOS PLAYS DOWN DEBT
      FT, 01-06-2005
      June 1 2005 18÷2' Tuesday‘s statement came days after rival Barclays said it had seen a sharp increase in people defaulting on their credit card bills. HSBC also warned recently of a marked deterioration in credit quality among consumers.

The rest of this article is for FT.com subscribers onl >>>


      HBOS SAYS BAD CONSUMER LOANS INCREASING
      FT, 01-06-2005
      June 1 2005 08÷21 HBOS said on Wednesday that retail credit trends were deteriorating in the UK but that the bank was on course to deliver planned profit growth.

The banking group said non–performing retail loans were increasing, a casualty of higher interest rates, but corporate credit performan >>>


      IMPERIAL WINS UK SMOKING TRIAL
      FT, 01-06-2005
      May 31 2005 22÷03 The case had been closely watched to determine whether it would boost litigation in English and Scottish courts from people who claim to have suffered smoking–related diseases. UK courts have not seen the wave of tobacco–related cases that have emerged in US courts.

The re >>>


      INMARSAT TO RAISE $6'0M THROUGH IPO
      FT, 01-06-2005
      June 1 2005 08÷23 The group said it expected the shares to be priced between 215p to 245p, valuing the equity at between £1.02bn and £1.16bn. Sources close to the deal said last month that the flotation could raise as much as $750m.

The rest of this article is for FT.com subscribers only >>>


      INVESTORS SCRAMBLE FOR SHENHUA SHARES
      FT, 01-06-2005
      May 31 2005 22÷18 Demand from Asian and European fund managers and Hong Kong tycoons has helped the state–owned company‘s IPO in spite of volatile equity markets, according to people close to the situation.

The rest of this article is for FT.com subscribers only Skip to remaining content Ma >>>


      KPN TO RESTRUCTURE CALL CENTRE SERVICES
      FT, 01-06-2005
      June 1 2005 0'÷02 KPN, the leading Dutch telecommunications operator, is to restructure its call centre activities following its re–integration of customer services unit SNT.

KPN wasted no time in taking the scalpel to its call centre activities, announcing that 630 jobs would go as part of i >>>


      L–3 CLOSER TO ACQUIRING TITAN
      FT, 01-06-2005
      June 1 2005 05÷13 L–3 Communications was on Tuesday night is close to clinching a deal to acquire Titan Corporation as the two US defence groups narrowed their differences after several weeks of negotiations.

The two companies would not say whether their boards were meeting to approve a transacti >>>


      LOMBARD÷ JARVIS OUT OF THE SHAREHOLDER FAVOURITE LIST
      FT, 01-06-2005
      May 31 2005 20÷22 Little reason to be cheerful Jarvis is a case study waiting to happen. But it is not yet clear whether it should feature in a "coming back from the brink" volume or in an anthology of corporate meltdowns.

The rest of this article is for FT.com subscribers only Skip to remain >>>


      MARKET INSIGHT÷ REWARDS FOR PATIENT BEARS IN HIBERNATING JAPAN
      FT, 01-06-2005
      June 1 2005
16÷46 Profits at Japanese companies have leapt skywards for another year, and at the end of May‘s annual results season, corporate Japan is forecasting yet another increase for 2005–06.

The rest of this article is for FT.com subscribers only Skip to remaining content Main na >>>


      MERSEY CLOSE TO SEALING BID FROM PEEL
      FT, 01-06-2005
      June 1 2005 0'÷43 Mersey Docks, the UK‘s second biggest port operator, said on Wednesday it was close to sealing an agreement to be acquired by Peel Holdings for as much as £780m.

Peel, one of the UK‘s biggest private property companies, had made a cash offer of £10 per sh >>>


      MGM PLANS MACAO GROWTH
      FT, 01-06-2005
      June 1 2005 16÷47 "We are making preparations towards looking into our future expansion but there is nothing fixed," Ms Ho said as MGM Grand Macao, 50÷50 owned by MGM Mirage and Ms Ho, began construction of a casino with 300 gaming tables and a 600–room resort hotel.

The rest of >>>


      MINERS DIG DEEP AS LONDON EDGES HIGHER
      FT, 01-06-2005
      June 1 2005 0'÷12 London‘s main stock market opened in positive territory on Wednesday to recover some of the ground lost over the previous two sessions as mining and energy stocks helped the FTSE 100 higher.

The FTSE 100 opened 0.1 per cent higher at 4,'70.4, while the FTSE 250 lost 0.1 >>>


      MORRISON SEEKS LLOYDS‘ FINANCE CHIEF
      FT, 01-06-2005
      May 31 2005 22÷11 Wm Morrison, the embattled supermarket chain, is trying to secure Helen Weir, finance director of Lloyds TSB, as one of its eagerly awaited four new non–executive directors.

Morrison is hoping Ms Weir will sign up for the job in the coming week, although it is not yet a done dea >>>


      NIKKEI EDGES UP DESPITE THREAT OF PROFIT–TAKING
      FT, 01-06-2005
      June 1 2005 05÷56 Japanese stocks inched up again on Wednesday morning but the market appeared to be losing momentum following strong gains over the past few days.

The Nikkei 225, extending a six–week high, closed the morning up 0.1 per cent at 11,288.15. The broader–based Topix also rose 0 >>>


      NORTEL SEES SOLID GROWTH IN SECOND QUARTER
      FT, 01-06-2005
      June 1 2005 15÷52 Nortel Networks, the telecoms equipment maker, said on Wednesday it expected solid growth in the second quarter after months of malaise due to regulatory investigations and a restatement of financial results.

Shares in Nortel rose over 5 per cent in early trade in New York on Wednesda >>>


      NORTHERN FOODS PROFITS SLUMP AFTER BIG COSTS
      FT, 01-06-2005
      June 1 2005 0'÷10 Northern Foodsâ€? full–year profits were virtually wiped out as the prepared foods company announced on Wednesday a slew of exceptional charges linked to its drive to turn itself around.

"If you are a connoisseur of the exceptional charge, this statement has a bit >>>


      OIL FUTURES HIT THREE–WEEK HIGH
      FT, 01-06-2005
      June 1 2005 0'÷58 Oil futures hit a three–week high on Wednesday as traders waited for US crude stockpile data despite supply assurances from the Organisation of the Petroleum Exporting Countries.

Nymex WTI for July delivery gained 30 cents to $52.25 a barrel, having hit a high of $52.35 earl >>>


      PROSPECTS IMPROVE FOR LG CARD
      FT, 01-06-2005
      June 1 2005 16÷16 Leading creditor Korea Development Bank expects LG Card to report a recurring profit of Won722bn ($716m) this year, up '.4 per cent from an earlier forecast.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World C >>>


      REICHMANN FAMILY SELLS O&Y PROPERTIES
      FT, 01-06-2005
      June 1 2005 16÷25 O&Y Properties, a publicly–traded property group which rose from the ashes of the family–owned Olympia & York Developments, to a consortium led by Brookfield Properties of Toronto for about C$2bn (US$1.6bn), including assumed debt.

Brookfield is a subsidiary of Bra >>>


      RYANAIR SLAMS BAA OVER STANSTED PLANS
      FT, 01-06-2005
      May 31 2005 22÷03 Ryanair chief executive, on Tuesday attacked BAA, the UK airports operator, for its "grandiose plans" for the expansion of London Stansted airport, the airline‘s single most important base in Europe.

BAA is planning to build a second runway and terminal facilities at S >>>


      SCOTTISH RADIO HOLDINGS REJECTS EMAP OFFER
      FT, 01-06-2005
      June 1 2005 11÷01 Scottish Radio Holdings, owner of Radio Clyde, leapt 15 per cent after Emap tabled a bid valuing the company at £374m ($682m), which SRH rejected.

Emap, the diversified media group, which has a 27 per cent stake in SRH, said it was "disappointed by this reaction to a propo >>>


      SINOPEC BUYS INTO ALBERTA OIL PROJECT
      FT, 01-06-2005
      May 31 2005 22÷26 The project, with a planned output of 100,000 barrels a day, is due to come onstream in 2010 at a cost of C$4.5bn (US$3.6bn).

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World Companies By industry By region US Eu >>>


      T&F INFORMA TO BUY US TRAINING GROUP FOR $1.4BN
      FT, 01-06-2005
      June 1 2005 08÷38 T&F Informa, the specialist publisher and conferences group, has announced its intention to buy IIR Holdings, the US training and events organiser, in a cash deal worth $1.4bn (£768m).

The deal is expected to significantly enhance full year profits and should produce effici >>>


      TA EXPEDITES BULGARIAN MOBILTEL DEAL
      FT, 01-06-2005
      June 1 2005 17÷47 The Austrian group said it was bringing forward completion of its òÂì1.6bn ($2bn) purchase of MobilTel in Bulgaria to next month from the fourth quarter, as it had originally planned.

The rest of this article is for FT.com subscribers only Skip to remaining content >>>


      THE SHORT VIEW÷ ARE WE FACING A GLOBAL SLOWDOWN?
      FT, 01-06-2005
      June 1 2005 17÷2' There can be little doubt that the European economy is struggling. The purchasing managers‘ index for the eurozone manufacturing sector recorded a level of below 50, for the second successive month, indicating declining activity. Both new orders and employment are falling. The UK sur >>>


      THE SHORT VIEW÷ WILL EUROPE GET STUCK IN A RUT?
      FT, 01-06-2005
      May 31 2005 1'÷05 In the weeks leading up to the vote, the main feeling was that French rejection would be yet another sign that Europe could not get its act together. The earlier example was the watering down of the growth and stability pact, which was supposed to act as the eurozone‘s fiscal straitj >>>


      TREASURY YIELDS DROP BELOW 4%
      FT, 01-06-2005
      May 31 2005 22÷22 Yields on benchmark 10–year Treasury notes fell below 4 per cent for the first time in three months after weak economic data and month–end buying pushed prices higher.

Yields on the 30–year long bond dropped to 4.331 per cent, their lowest in almost two years. The 10 >>>


      TREASURY YIELDS HIT LOWEST LEVEL IN A YEAR
      FT, 01-06-2005
      June 1 2005 18÷32 Ten–year US Treasury yields fell to their lowest in more than a year on Wednesday following weak manufacturing data and suggestions that rate rises would soon end.

Richard Fisher, head of the Dallas Federal Reserve, said he saw the rate rise cycle in its eighth inning – of >>>


      UNIPOL INCREASES STAKE IN BNL
      FT, 01-06-2005
      June 1 2005 18÷40 Unipol, the Italian insurance company, declared on Wednesday that it had again increased its stake in Banca Nazionale del Lavoro, the target of a bid by Spain‘s BBVA, to 10 per cent.

Unipol‘s shareholding has grown from just less than 2 per cent a few weeks ago. The insure >>>


      WALL ST FUTURES RISE AHEAD OF MANUFACTURING SURVEY
      FT, 01-06-2005
      June 1 2005 12÷23 Wall Street futures edged higher on Wednesday, as investors awaited a monthly manufacturing report‘s guidance on the state of the US economy and its prospects for the months ahead.

Dow Jones Industrial Average futures rose ' points to 10,48'.00, the Nasdaq 100 rose 1.5 p >>>


      YAHOO! JAPAN IN PARTNERSHIP WITH BROKERAGES
      FT, 01-06-2005
      June 1 2005 10÷18 Yahoo! Japan to order financial products from two of the country‘s largest brokerages.

Yahoo! Japan, the country‘s most widely used internet portal, has around 40m users a month. It announced on Wednesday that it would set up a partnership with Nikko Cordial and online bro >>>


      A MIX OF POLITICAL ARTISTRY AND GOOD LUCK
      FT, 01-06-2005
      June 1 2005 03÷00 These are delicate days for British diplomacy following France‘s resounding No vote on the European constitution. But Labour MPs have been privately musing this week over one of the most contentious decisions Tony Blair has taken as prime minister÷ his dramatic pledge last spring >>>


      BROWN‘S THREE PATHS ON PUBLIC FINANCES
      FT, 01-06-2005
      June 1 2005 03÷00 Tax is likely to be the most contentious issue Gordon Brown faces in his last stint as chancellor. By the end of the parliament, Mr Brown plans to increase the tax burden to its highest level in a quarter of a century. He hopes the public will neither notice nor mind.

The Treasury fig >>>


      CHANCELLOR‘S OPTIMISM OVER GROWTH PROVES TO BE JUSTIFIED
      FT, 01-06-2005
      June 1 2005 03÷00 Gordon Brown‘s response to the charge that his forecasts are too optimistic is typically robust÷ the Treasury‘s record is better than the rest.

Seated in April next to Rodrigo Rato, the head of the International Monetary Fund – which believes the chancellor&ls >>>


      CLARKE FACES RIGHTWING TORY BACKLASH AFTER ALLIES‘ COMMENTS
      FT, 01-06-2005
      June 1 2005 03÷00 Kenneth Clarke is facing a backlash from Conservative right–wingers over suggestions that the French rejection of the European constitution could clear the way for him to stand as party leader.

Rightwing MPs warn that Mr Clarke, a prominent pro–European, would split the pa >>>


      COMPUTER GURU GIVES OXFORD ?60M TO TACKLE 21ST CENTURY PROBLEMS
      FT, 01-06-2005
      June 1 2005 03÷00 Academics at Oxford are gearing up to address the most pressing problems of the 21st century in a new department set up with a £60m donation from James Martin, the computer guru.

The gift will fund collaborative research projects on subjects ranging from global warming and pove >>>


      DREAM JOBS SURVEY GETS 40,000 REPLIES
      FT, 01-06-2005
      June 1 2005 03÷00 Only about a quarter of girls and a third of boys go on to achieve their dream jobs, according to a survey published today. The website Friends Reunited received 40,000 replies from its members when it asked them to think back to their first day at secondary school and say what they wanted to >>>


      EMPLOYERS ARE WRONG ABOUT THE 48–HOUR OPT–OUT
      FT, 01-06-2005
      May 17 2005 20÷0' Yet their latest near–hysterical reaction to the European parliament‘s decision to remove the opt–out on the working time directive should not obscure the poor record and even worse arguments of a small minority of bad employers. Labour‘s leaders dismissed their cla >>>


      FIRST–TIME BUYERS TAKE LONGER TO SAVE FOR DEPOSIT ON HOME
      FT, 01-06-2005
      June 1 2005 03÷00 The figure represents a three–month increase from just six months ago and a nine–month increase from a year ago.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigation menu÷ Home World Companies Markets Markets & funds >>>


      MEPS DEAL BLOW TO UK OPT–OUT ON WORKING TIMES
      FT, 01-06-2005
      May 11 2005 18÷48 The European parliament on Wednesday dealt a serious blow to the UK‘s attempt to retain its opt–out from European Union rules that limit working time when members voted 378–262 for the exemption to be phased out over three years.

The vote is certain to fuel the debat >>>


      MOST PARENTS FAIL TO CASH TRUST VOUCHERS
      FT, 01-06-2005
      June 1 2005 03÷00 More than 70 per cent of parents who have been sent at least £250 from the government to invest in the new child trust funds have failed to cash in their vouchers, figures released yesterday by Revenue & Customs revealed. Since January, the government has sent out more than 1.7m vou >>>


      PROBE LAUNCHED INTO ROVER COLLAPSE
      FT, 01-06-2005
      June 1 2005 03÷00 The government launched an investigation into the collapse of MG Rover, the Birmingham carmaker, yesterday in what may be the first step towards action against its former directors and owners.

The Department of Trade and Industry told independent inspectors – who have the power >>>


      REJECTION COULD TRIGGER WAVE OF POLL POSTPONEMENTS
      FT, 01-06-2005
      June 1 2005 03÷00 A Dutch No vote in tonight‘s referendum could triggera wave of countries calling off their own polls on the EU constitution, diplomats in Brussels believe.

Britain is certain to postpone its own poll, and its decision could lead to a rethink in other countries including the Czec >>>


      ROYAL MAIL VOWS TO FIGHT AGAINST REGULATOR‘S NEW PRICE CONTROLS
      FT, 01-06-2005
      June 1 2005 03÷00 Postcomm is to change the way it regulates Royal Mail by establishing price controls linked to efficiency improvements and freezing average prices until 2010.

The proposals, published today, toughen up existing controls on Royal Mail less than a month after it announced record profits >>>


      SALES OF WORKPLACE PENSIONS FALL
      FT, 01-06-2005
      June 1 2005 03÷00 New sales of workplace pensions fell in the first quarter of this year, figures from the Association of British Insurers show. While individual pension sales rose by 3.3 per cent, those classified as group pensions dropped by 3.5 per cent, or by 5.7 per cent over the past 12 months. The two se >>>


      UK BUSINESS FEARS 48–HOUR OPT–OUT MAY END
      FT, 01-06-2005
      May ' 2005 17÷56 Business leaders fear they will vote for amendments that would end the opt–out, which would mean that employers would not be able to ask employees to work more than 48 hours a week.

The rest of this article is for FT.com subscribers only Skip to remaining content Main navigat >>>


      WIDOW LOSES GROUNDBREAKING IMPERIAL TOBACCO TRIAL
      FT, 01-06-2005
      June 1 2005 03÷00 Britain‘s first "smoking trial" ended in victory for Imperial Tobacco yesterday after a widow lost her groundbreaking £500,000 claim for compensation over the death of her husband from lung cancer.

The case had been closely watched to see whether it would boost >>>


      ABU GHRAIB INMATE TELLS OF BEATINGS AND RAPE THREATS
      FT, 01-06-2005
      January 12
2005 01÷40 A Syrian detainee formerly imprisoned at Abu Ghraib on Tuesday told a military court that US soldiers at the notorious Baghdad prison repeatedly beat prisoners, forced them to eat from toilets and threatened to rape them.

Ameen al–Sheikh, testifying in the court martial >>>


      AMERICA TAKES HEED OF THE BRITISH PENSIONS ‘DISASTER‘
      FT, 01-06-2005
      February 28 2005 21÷20 Some parallels are obvious. Britain‘s pension reforms were started in 1'80 by a rightwing, ideologically driven leader, Margaret (now Baroness) Thatcher, with the ambition of rolling back the frontiers of the state; similarly, the still unclear proposals from the Bush administra >>>


      DISPUTES ‘WILL NOT HALT PRESSURE FOR GLOBAL FREE TRADE‘
      FT, 01-06-2005
      June 1 2005 03÷00 The US and the European Union insisted yesterday that a flurry of disputes would not derail the global push towards freer trade, amid growing fears among trade officials and experts over rising international acrimony.

The EU said yesterday it would revive its dormant World Trade Organ >>>


      FEARS OVER US PENSIONS AGENCY
      FT, 01-06-2005
      June 1 2005 03÷00 The viability of the federal agency that insures the defined pension benefits of millions of American workers is at risk because of weak pension funding rules, according to a report released yesterday by the Government Accountability Office.

The GAO said Congress should consider broad >>>


      ICRC CHIEF TACKLES BUSH ON CAPTIVES
      FT, 01-06-2005
      February 14 2005 21÷21 Jakob Kellenberger, the head of the International Committee of the Red Cross, met President George W. Bush on Monday to discuss a wide range of humanitarian issues, with the focus expected to be ICRC concerns over the status and treatment of detainees held by the US at Guantá >>>


      MANAGERS WRESTLE WITH RETIREMENT
      FT, 01-06-2005
      December 27 2004 20÷10 Defined benefit plans give employees pensions based on salary and years of service. The investment risk falls on the company. If there is insufficient money in the pension fund, the employer has to make up the difference.

In defined contribution schemes employees and companies pa >>>


      MODEL TRAINS FROM CHINA
      FT, 01-06-2005
      updated÷ May 30 2005 03÷00 When not working on a new suite of songs, Neil Young likes nothing better than to hang out in the "train barn" at his Californian ranch where he has an exotic model railway collection.

In some respects, the rock star – who has a 20 per cent stake in Lion >>>


      NEWSWEEK RETRACTS €?KORAN ABUSE‘ REPORT
      FT, 01-06-2005
      May 16 2005 17÷05 Newsweek on Monday retracted an incendiary report about US interrogators desecrating the Koran, which had led to anti–American violence throughout the Muslim world and drawn harsh criticism of the magazine from the White House.

"Based on what we know now, we are retracting >>>


      US AIMS TO TIGHTEN RULES ON PENSION FUNDING
      FT, 01-06-2005
      January 10 2005 22÷48 Proposals announced on Monday would force companies to act sooner to top up under–funded schemes and penalise those in trouble by making them pay higher insurance premiums.

This is likely to have a significant impact on the troubled airline and automotive industries, where a >>>


      US RECRUITERS IN FIERCE BATTLE TO HIT TARGETS FOR ENLISTMENT
      FT, 01-06-2005
      May 31 2005 1'÷38 Recruiting for Uncle Sam is proving ever more difficult as the war drags into its third year.

The US has repeatedly said it has no intention of reintroducing the draft in this, the first significant conflict in modern US history to be fought by an all–volunteer military. But >>>


      WAR OF AIRCRAFT TITANS GIVES WTO BIGGEST CASE
      FT, 01-06-2005
      June 1 2005 03÷00 Thirty–five years after Airbus was created to challenge US dominance of the civil aircraft industry, the World Trade Organisation will now be asked to rule whether its rise to the top was fair or foul.

The US and the European Union yesterday launched the biggest litigation in WT >>>


      AT LEAST 14 KILLED IN ATTACK ON KANDAHAR MOSQUE
      FT, 01-06-2005
      1 June, 2005 07÷22 Kabul‘s police chief was among at least 14 people killed in a suicide bomb blast at a mosque in the southern Afghan city of Kandahar on Wednesday as mourners gathered to pay respects to an assassinated anti–Taliban cleric, security officials said.

Another 32 people were wo >>>


      BLAIR AND CHIRAC ARM THEMSELVES FOR BATTLE OF BRUSSELS
      FT, 01-06-2005
      June 1 2005 18÷18 European leaders may have appealed for "serenity" following the collapse of the European Union constitution but Tony Blair of Britain and Jacques Chirac of France are squaring up for a political and personal battle over the future direction of Europe.

Neither leader has made >>>


      BLOW FOR CHINA OIL INVESTORS SUING STATE
      FT, 01-06-2005
      May 31 2005 22÷3' A Chinese court has refused to hear a landmark lawsuit by hundreds of private investors whose oil wells were seized by the state and police have detained their lawyer, people familiar with the case said on Tuesday.

The detention of Zhu Jiuhu, a widely respected lawyer, by authorit >>>


      BLOW FOR CHINA OIL INVESTORS SUING STATE
      FT, 01-06-2005
      June 1 2005 03÷02 A Chinese court has refused to hear a landmark lawsuit by hundreds of private investors whose oil wells were seized by the state and police have detained their lawyer, people familiar with the case said yesterday.

The detention of Zhu Jiuhu, a widely respected lawyer, by authorities i >>>


      BRAZIL GROWTH UNDERSHOOTS FORECASTS
      FT, 01-06-2005
      May 31 2005 20÷12 Brazil‘s economy grew far more slowly than expected in the first quarter, as rising interest rates soured consumer appetite and delayed investment. Gross domestic product grew by 0.3 per cent against the previous quarter, according to the government statistics bureau (IBGE). That is the >>>


      BUSH HITS AT US CONGRESS DELAY
      FT, 01-06-2005
      May 31 2005 1'÷11 President George W. Bush sought yesterday to deflect the blame for setbacks on energy and Social Security policies on congressional inertia.

Mr Bush, whose approval ratings have slipped to a low of 31 per cent on his handling of Social Security in a Washington Post–ABC poll, >>>


      BUSH NOMINATES ENGLAND AS RUMSFELD DEPUTY
      FT, 01-06-2005
      April 1 2005 00÷53 President George W. Bush on Thursday nominated Gordon England, secretary of the Navy, to replace Paul Wolfowitz as deputy defence secretary, according to a government official.

The White House was expected on Thursday evening to make an announcement on Mr England, whose appointment m >>>


      CAPE‘S CRUSADE FOR CALL–CENTRE JOBS
      FT, 01-06-2005
      May 31 2005 1'÷01 Stanford Swarts, speaking fluent Dutch, instructs the woman how to download her reward coupons online. After some tense moments, he calms her down and their chat ends happily. She rings off none the wiser that he is sitting nearly 6,000 miles away in Cape Town.

The rest of this ar >>>


      CONCERNS OF LOOSER FISCAL POLICIES UNDER REVISED PACT
      FT, 01-06-2005
      May 31 2005 22÷06 The European Union‘s revised stability pact and growth pact will be "more challenging to implement" than the version it replaced earlier this year, according to Caio Koch–Weser, Germany‘s influential deputy finance minister.

Mr Koch–Weser‘s comm >>>


      DELHI COURT THROWS OUT CASE AGAINST HINDUJAS
      FT, 01-06-2005
      June 1 2005 02÷53 The Delhi high court yesterday dismissed charges of conspiring to cheat the Indian government against the Europe–based Hinduja brothers, Srichand, Gopichand and Prakash. The brothers were accused of involvement in the 1'80s Bofors arms scandal.

Yesterday‘s move to end >>>


      DUTCH FIND 20 REASONS TO REJECT TREATY
      FT, 01-06-2005
      June 1 2005 18÷35 Having waited 150 years to hold its first national referendum, the Netherlands on Wednesday appeared to be conducting as many as 20 ballots and very few of them had much to do with ratification of the European constitutional treaty.

Interview–NSS, the polling organisation, found >>>


      DUTCH TO JOIN FRENCH IN REJECTING EU TREATY
      FT, 01-06-2005
      June 1 2005 18÷13 The Dutch on Wednesday turned out in force for a referendum in which they look set to join the French in rejecting the European Union constitutional treaty, a result that would plunge the 25–nation bloc further into crisis.

By mid–afternoon 31 per cent of more than 12m eli >>>


      EU TO UPDATE ITS BROADCASTING RULES
      FT, 01-06-2005
      June 1 2005 00÷23 Viviane Reding, European Union media commissioner, plans to modernise the rules covering television broadcasts, laid down in 1'8', as viewing spreads to mobile telephones and the internet.

The rest of this article is for FT.com subscribers only Skip to remaining content Main n >>>


      GROWING DISPUTES HIT GLOBAL TRADING
      FT, 01-06-2005
      May 31 2005 1'÷25 The EU on Tuesday said it would revive its dormant WTO case against the US‘s support for Boeing in retaliation for the American decision, announced late on Monday, to start the first stage of litigation against the EU for loans to Airbus.

The rest of this article is for FT.c >>>


      I WAS DEEP THROAT, SAYS FBI‘S FORMER NO 2
      FT, 01-06-2005
      June 1 2005 00÷2' One of Washington‘s biggest mysteries was solved on Tuesday when W. Mark Felt, a former high–ranking FBI official, disclosed that he was "Deep Throat" the anonymous source whose leaks to The Washington Post about the Watergate scandal helped lead to President Richard >>>


      LATE POLL SHOWS DUTCH YES VOTE NARROWING THE GAP
      FT, 01-06-2005
      June 1 2005 12÷30 Dutch voters went to the polls on Wednesday to vote on the European Union‘s constitutional treaty amid indications of a high turnout and with a late opinion poll suggesting there may not be a landslide No that many have predicted.

The Interview NSS survey for Dutch television on >>>


      MARTIN WOLF÷ FORGET THE HYMNS AND FIX THE ECONOMY
      FT, 01-06-2005
      May 31 2005 20÷0' Before the vote, Jean–Claude Juncker, Luxembourg‘s prime minister and current president of the European Council, declared that France and the Netherlands should re–run their referendums, if necessary, in order to obtain the "right answer". Mr Juncker is all too >>>


      MEXICO‘S CREEL STARTS PRESIDENTIAL CAMPAIGN
      FT, 01-06-2005
      June 1 2005 17÷58 Santiago Creel, Mexico‘s interior secretary and one of President Vicente Fox‘s closest political allies, resigned on Wednesday to run for the presidency. His announcement marked the start of the campaign for the nomination of the centre–right National Action Party (PAN) for n >>>


      OUTLOOK FOR EUROZONE MANUFACTURING WORSENS
      FT, 01-06-2005
      June 1 2005 11÷54 Eurozone manufacturing output contracted for a second month in May as business conditions continued to deteriorate, according to a closely–watched economic indicator for the region released on Wednesday.

The purchasing managers‘ index for the eurozone, compiled by NTC Rese >>>


      REBOUND IN AUSTRALIAN ECONOMY DISAPPOINTS
      FT, 01-06-2005
      June 1 2005 04÷15 The Australian economy rebounded in the first quarter but the improvement was weaker than expected and might be short lived, as it was fuelled by a build–up in business inventories.

According to data released on Wednesday, gross domestic product rose 0.7 per cent in the first th >>>


      RUMSFELD JOINS ATTACK ON AMNESTY ‘GULAG‘ CLAIMS
      FT, 01-06-2005
      June 1 2005 18÷34 Amnesty International‘s description of the US detention facility at Guantánamo Bay as "the gulag of our time" was "reprehensible", Donald Rumsfeld, US defence secretary, said on Wednesday.

Mr Rumsfeld, who has been criticised over the Abu Ghraib >>>



Pages:    1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36