Deposit rate cut talk pushes Euribor rates lower - Reuters Deposit rate cut talk pushes Euribor rates lower - Reuters
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Deposit rate cut talk pushes Euribor rates lower - Reuters

Deposit rate cut talk pushes Euribor rates lower - Reuters

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Poor ticket sales cancel The Voice UK Live tour - BBC News
The Voice

The 11-date tour for The Voice UK Live has been cancelled due to a lack of ticket sales.

The gigs were due to feature eight of the show's finalists.

The Voice UK Live tour was to begin at the Bournemouth International Centre on 12 September and was then due to visit venues in Cardiff, Birmingham, Manchester, Liverpool, London, Glasgow and Sheffield.

Organisers say fans with tickets for the cancelled dates can get a refund.

A number of ticket outlets had only cited five dates as being axed earlier today (18 June), but organisers have confirmed that none of the scheduled dates will be going ahead.

In a statement, a spokesperson said: "Unfortunately, The Voice UK Live has been cancelled due to lack of ticket sales.

"Customers are advised to contact their point of purchase for ticket refunds."

The news comes as the show was criticised for failing to attract viewers.

Episodes of The Voice consistently attracted average audiences of more than 10 million in April, but the ratings had dropped to 4.5 million later in the series.

More than seven million people tuned in to watch 28-year-old Leanne Mitchell, from Lowestoft in Suffolk, be crowned the show's first winner.

Her single, a cover of Whitney Houston's Run To You, failed to make it into the top 40 of the Official Chart.



FOREX-Euro cuts gains as debt worries return, Fed awaited - Reuters

Tue Jun 19, 2012 4:53am EDT

* Euro falls to session low vs dollar

* Australian dollar rises to 6-week high vs dollar

* G20 draft communique urges bold action from Europe

By Anirban Nag

LONDON, June 19 (Reuters) - The euro fell against the dollar on Tuesday after a German court said the government had not consulted parliament sufficiently about the configuration of Europe's permanent bailout scheme, unnerving investors already wary of the common currency.

Analysts said the ruling may crimp broad powers of the bailout fund, the European Stability Mechanism, and could lead to delays in rescuing countries struggling with surging borrowing costs and mounting problems in the banking sector.

"The market has taken this negatively," said Gavin Friend, currency strategist at National Australia Bank, referring to the comments from the German court.

"We would like more details but the market wants to shoot first and ask questions later. This could curtail the ESM's powers and comes during nervous times when the impasse between the German view and that of the peripherals and the world is growing."

The euro reversed modest gains to fall to a session low of $1.2568 on trading platform EBS. It was last trading flat at $1.2580, having retreated from a one-month high of $1.2748 on Monday in its worst daily showing in nearly three weeks.

It hit the peak after parties supporting Greece's international bailout gained enough votes at the weekend to form a ruling coalition in Athens.

The euro has support levels at $1.2536, the trendline drawn below daily lows from June 1, and the 21-day moving average at $1.2530. Traders said news that a second audit of Spanish banks would be delayed until September also weighed on sentiment.

Earlier the euro was supported by expectations that the U.S. Federal Reserve would ease monetary policy, a move that would lift demand for riskier assets and drive the greenback lower.

Another round of monetary stimulus would weigh on the U.S. dollar and boost growth-linked currencies like the Australian dollar, traders said. The Federal Reserve's rate-setting committee starts its meeting on Tuesday.

But overall sentiment towards the common currency was cautious as Spanish borrowing costs hovered near euro-era highs and risk of contagion engulfing Italy remained high.

"The market is still worried about the euro and there are problems in the euro zone. But the Fed is coming up and I think the dollar could see a leg down and risk will be bid," said John

Hardy, FX strategist at Saxo Bank.

"The euro is still a sell on rallies."

The dollar index which measures the greenback against a basket of major currencies was flat at 81.925, having struck a one-month low of 81.266 on Monday.

The Fed is expected to extend its long-term bond-buying through Operation Twist by a few months from the current deadline of June after a series of disappointing data.

A few are expecting it to opt for a third round of quantitative easing as Europe's troubles pose a risk to growth in the world's largest economy.

Against this backdrop, the world's major economies, or G-20, were set to urge Europe to take "all necessary policy measures" to resolve its woes and U.S. President Barack Obama requested a meeting with its leaders.

GERMANY AND SPAIN IN FOCUS

Spain, the euro zone's fourth-largest economy and more than twice the size of bailed-out euro zone partners Greece, Portugal and Ireland combined, is at the centre of a market storm as it struggles with a deep recession and bank sector restructuring.

Spain's Treasury sold off 12- and 18-month debt on Tuesday at yields of 5.974 percent and 5.107 percent respectively, up from 2.985 percent and 3.302 percent previously. The country will also sell between 1 billion and 2 billion euros of bonds due in 2014, 2015 and 2017 on Thursday.

The ructions in the euro zone periphery are likely to be reflected in a key German sentiment survey. The ZEW investor sentiment is expected to drop sharply to 4.0 from 10.8, pointing to a further slowdown in Europe's largest economy.

Against the yen the euro fell to 99.28 yen. The dollar edged lower against the yen, easing 0.3 percent to 78.86 yen and a drop below 78.61 yen will take it to its lowest in two weeks.

The dollar's move lower came as interest rate differentials moved against it on expectations of more Fed easing. Those expectations saw the growth-related Australian dollar jump to a six-week high of $1.0147.



Bloc Party announce eight UK tour dates for October - BBC News
Kele Okereke from Bloc Party

Bloc Party have announced an eight-date UK tour starting in Newcastle on Friday 12 October.

The band, who release new album Four in August, will also play gigs in Leeds, Glasgow, Birmingham, Southampton, Bristol and Manchester.

They finish the tour just over a week later in Cambridge on 20 October.

The band is also playing several dates in America this August as well as a number of festivals across Europe including Ibiza Rocks in September.

Bloc Party - Kele Okereke, Russell Lissack, Gordon Moakes and Matt Tong - took a break between 2009 and last year.

The band pursued their own musical projects with 30-year-old Okereke releasing his first solo album, The Boxer, in 2010.

Bloc Party released their last studio album, Intimacy, in 2008.

The group's 2005 debut Silent Alarm won the Mercury Music Prize.



Hodgson unconcerned by expectation (From York Press) - The Press in York

Hodgson unconcerned by expectation

Roy Hodgson welcomes the growing anticipation of Euro 2012 success.

After leaving for Poland and Ukraine amid such low expectations, England's opening two performances have triggered far more optimism, although a point from their meeting with co-hosts Ukraine at the Donbass Arena on Tuesday night is still required for passage into the last eight.

Hodgson said he wants to embrace the hype, dismissing the idea of a fear factor taking hold. He said: "It's not just England who haven't always performed when the expectations were heightened. There's quite a few teams that have failed. It's a fact of life. We've come here with the England national team. We believe in ourselves and we want to do well."

"In some ways it's rather nice that people back home are hoping and even believing we can do well, and we're giving them something to dream about and cling onto," he added.

After confirming Theo Walcott had shrugged off his hamstring complaint, Hodgson appeared to be veering towards selecting the Arsenal winger.

It was Walcott's introduction that turned what looked like becoming a defeat to Sweden into a victory that leaves England heading into their final fixture level on points with France.

With the Group D winners now certain to meet Italy and avoid tournament favourites Spain, who face the runners-up, Walcott's additional pace may be utilised ahead of James Milner after he did so much running in Kiev.

"The technical staff have done such a good job helping the players recover," said Hodgson. "We've been very anxious to make sure we use the training sessions, and in particular, the recovery sessions wisely.

"I get the feeling at the moment that the players are as fit and ready for this third game as they were for the first. I don't necessarily feel the need to change people because I'm worried about their legs or their ability to see the game through.

"The team that's been doing so well is ready to go. On the other hand, there are plenty of people who are out of the team, as you saw with Walcott when he came on the other night, who are very anxious to make a statement as well."



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