Month: May 2011

May 23, 2011

One million bid for Olympics 100m tickets

London 2012 organisers have received more than one million requests for tickets for the Olympic men's 100 metres final. The session, at the Olympic Stadium on 5 August next year, is one of the most sought after of the London Games. Some 40,000 seats…

May 23, 2011

Lara in Queen’sPark Hall of Fame

Legendary West Indies batsman Brian Lara has been inducted into the renowned Queen's Park Cricket Club's Hall of Fame. The former West Indies captain was one of two inductees, with the other being celebrated cyclist Roger Gibbon, who won three Pan…

May 23, 2011

Pakistan end day on 202 for 3

Pakistan ended the third day of the decisive second Digicel cricket Test against the West Indies at Warner Park here Sunday on 202 for three in their second innings. After dismissing the West Indies for 223 in reply to their first innings total…

May 23, 2011

IMF boss should be chosen on merit say Australia and SA

South Africa and Australia have said the next managing director of the International Monetary…

May 23, 2011

Realigning trade alliances

With the demise of the Free Trade Area of the Americas, a realignment of trade alliances is evident in the hemisphere—witness ALBA, Petro Caribe, expanded Mercosur. In the aftermath of the Lome Convention between the European Union and its…

May 23, 2011

Greece default fears rise as reprofiling talk flounders

Bond markets are pricing in a growing risk of an outright debt default by Greece, with its 10-year cost of borrowing hitting a new high of 16.7%. The rising market fears come as European leaders give mixed messages over whether Athens would be…

May 23, 2011

BP reaches Deepwater Horizon settlement with MOEX

One of the owners of the oil well that leaked millions of gallons into the Gulf of Mexico last year has agreed to contribute to BP's compensation fund. MOEX Offshore has agreed to pay $1.065bn (£657m) to BP to settle all claims between the…

May 23, 2011

Tepco president quits as firm reports $15bn loss

The president of Tepco, which operates Japan's crippled Fukushima nuclear power plant, has resigned as the firm reported a loss of 1.25tn yen ($15.3bn; £9.4bn) for the past financial year. Masataka Shimizu will be replaced by managing director…

May 23, 2011

Pakistan: Militants attack Karachi naval air base

Gunmen have attacked a military base in the Pakistani city of Karachi, killing at least 11…

May 23, 2011

China Confirms North Korean Leader’s Visit

South Korean officials say Chinese Premier Wen Jiabao confirmed Sunday that North Korean leader Kim Jong Il is in his country to study its dramatic economic development. South Korean President Lee Myung-bak's office says the Chinese leader made…