U.S. lawmakers to reconsider bank tax for regulation bill

Click to enlarge photoWASHINGTON (Reuters) - U.S. lawmakers negotiating the final regulation bill will meet later on Tuesday to find an alternative to taxing large financial firms to pay for the bill's implementation, two sources familiar with the matter said.Lawmakers may propose using funds from the $700 billion bank bailout fund and banks'...

ECB seeks to calm markets as one-year drain looms

Click to enlarge photoBy Crispian Balmer and Judy MacInnisPARIS/MADRID (Reuters) - European Central Bank officials scrambled to reassure nervous markets on Tuesday that the expiry of nearly half a trillion euros of emergency loans would not hurt the banking system, though they acknowledged some individual banks might face strain."The ECB...

World stocks, euro slump as risk aversion grows

Click to enlarge photoBy Herbert LashNEW YORK (Reuters) - World stocks, commodities and the euro all tumbled on Tuesday as risk aversion grew on concerns over funding for European banks that must repay almost half a trillion euros in emergency loans this week.A sharp drop in U.S. consumer confidence also eroded risk appetite, pushing up the...

U.S. consumer confidence drops, home prices climb

Click to enlarge photoBy Caroline ValetkevitchNEW YORK (Reuters) - U.S. consumer confidence dropped in June after rising for three months, adding to the view the economic recovery is slowing, while single-family home prices unexpectedly climbed in April.The report Tuesday from The Conference Board, an industry group, showed the drop in confidence...

Democrats return to drawing board on Wall St bill

Democrats return to drawing board on Wall St billClick to enlarge photoBy Rachelle Younglai and Kevin DrawbaughWASHINGTON (Reuters) - U.S. Democrats on Tuesday considered stripping out a controversial tax from their landmark financial-reform bill in order to win the swing votes needed to pass it in Congress.With crucial Republican moderates...

Cricketers may be England's 'golden generation'

MANCHESTER: England's footballers may have failed to live up to their "golden generation" tag but their much less heralded cricket counterparts may be closer to justifying the label.While Fabio Capello's men were getting knocked out of the World Cup with a crushing 4-1 loss to Germany in the last 16 in Bloemfontein on Sunday, the England cricket team were in the process of winning the third one-day international (ODI) against...

Bollinger says whitewash would be 'devastating'

Australia quick Doug Bollinger admits being on the wrong end of a 5-0 one-day international series clean sweep by England would be "devastating".The left-arm paceman nearly helped bowl Australia to a spectacular victory in the third one-day international at Old Trafford on Sunday.England, who defend the Ashes in Australia later this year, were cruising to victory but lost six wickets for 18 runs before Tim Bresnan saw the side...

Lanka cricketers banned from playing abroad

Sri Lanka has imposed a temporary ban on its cricketers playing in foreign leagues to help it select a squad for next year's World Cup, an official said.Brian Thomas, Sri Lanka Cricket media manager, said the ban affected 76 players, who are set to be sent away to a camp so they can be assessed by national selectors."All contracted players...

New Zealand batsman Ross Taylor will have a unique dilemma in this year's Champions League Twenty20 with the New Zealand batsman having qualified for

New Zealand batsman Ross Taylor will have a unique dilemma in this year's Champions League Twenty20 with the New Zealand batsman having qualified for as many as three teams for the September 10-26 event.At least another six cricketers have qualified for two teams and would have to make a choice before the CLT20 starts with a Mumbai Indians-Highveld Lions match at the Wanderers in Johannesburg, which will also host the final.Taylor...

BCCI scraps IPL media rights deal with WSG

Mumbai: The Indian cricket board has scrapped all its IPL media rights agreements with Mauritius-based World Sport Group, claiming that MSM Satellite (Singapore) Pvt Ltd was the rightful owner of all media rights relating to the Twenty20 event.The BCCI has invalidated all its deals with WSG following revelations that the latter received USD...

Buzz Up Windies A beat India A by 166 runs in tri-series

ndia A started their cricket tri-series campaign on a disastrous note as they slumped to a humiliating 166-run defeat at the hands of West Indies A side in the opening match at the County Ground.Sent into bat, West Indies piled up a mammoth 329 for six in their 50 overs yesterday, thanks to captain Devon Smith's breezy 98-ball 104 and Andre Fletcher's 88.Chasing the huge target, the Indians batsmen never got into the act and lost...

Yardy wants more from England

London: England left-arm spinner Michael Yardy insists the team can play better despite going an unbeatable 3-0 up in their One-day series against Australia.The hosts' run has prompted talk of a clean sweep ahead of the fourth of their five-match series with the Aussies here at the Oval on Wednesday. Yardy, a member of the England team that beat Australia in last month's World Twenty20 final in Barbados, was adamant the team's...

Wimbledon|Venus Williams|Vera Zvonareva|Kim Clijsters|All England Club|Tsvetana Pironkova LONDON: Five-time champion and second seed Venus Williams

Wimbledon|Venus Williams|Vera Zvonareva|Kim Clijsters|All England Club|Tsvetana PironkovaLONDON: Five-time champion and second seed Venus Williams was stunned 6-2, 6-3 by Bulgaria's Tsvetana Pironkova in the quarter-finals of Wimbledon on Tuesday.Williams, whose loss meant she failed to reach the final for the first time since 2006, was outplayed...

Sepp Blatter apologizes for World Cup howlers

Tags:Mexico|England|Frank Lampard|Diego Maradona|FIFA|Sepp Blatter|Carlos Tevez|goal line technologyJOHANNESBURG: FIFA president Sepp Blatter on Tuesday apologzised to England and Mexico over refereeing errors during their World Cup last 16 matches and pledged to review the case for the introduction of goal-line technology. The Swiss was...

Tags:Japan|world cup|Paraguay|Lucas Barrios|Carlos Bonet PRETORIA: Paraguay beat Japan 5-3 on penalties following a 0-0 draw to reach the World Cup

Tags:Japan|world cup|Paraguay|Lucas Barrios|Carlos BonetPRETORIA: Paraguay beat Japan 5-3 on penalties following a 0-0 draw to reach the World Cup quarterfinals for the first time in their history on Tuesday. Substitute Oscar Cardozo scored the decisive spot-kick at the Loftus Versfeld stadium after Japan's Yuichi Komano had smashed his penalty...