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JOHNSTON PRESS FOCUSES ON DIGITAL

whatsapp JOHNSTON Press hired Henry Faure Walker as digital and business development director yesterday, to replace Lori Cunningham. Walker will be responsible for expanding digital activities at the media group.

Bulgaria’s NRA takes charge of gambling regulation

Topics: Casino & games Legal & compliance Lottery Sports betting Tags: Online Gambling OTB and Betting Shops Email Address 12th August 2020 | By contenteditor Casino & games The Bulgarian

Is Dhoni set to resign? This gesture sets speculation on Mahi’s…

Is Dhoni set to resign? This gesture sets speculation on Mahi’s future! Football Football RELATED ARTICLESMORE FROM AUTHOR Latest Sports NewsSportSport News by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May

Tories aided by Monaco hedge fund

first_img KCS-content Tories aided by Monaco hedge fund Monday 23 August 2010 8:45 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmHero WarsBig Boss of internet games!Hero Wars whatsappcenter_img Tags: NULL CONTROVERSIAL hedge fund manager Jon Wood handed the Conservative party a £500,000 donation two days before the general election in May.Wood, who runs the Monaco-based SRM Global investment firm, was the Tories’ second most generous corporate supporter during the campaign, data from the Electoral Commission revealed yesterday. News of the gift from one of the City’s most infamous traders will embarrass Prime Minister David Cameron days after incoming Conservative treasurer David Rowland resigned amid publicity about his tax arrangements.The former UBS banker shot to notoriety in 2005 when he lost a £100m court case against Sir Tom Hunter, the Scottish private equity tycoon, relating to their investment in a company called The Gadget Shop. A High Court judge savaged Wood as “unreliable”, “evasive” and a “very hard and calculating man”.More recently, Wood was among Northern Rock shareholders whose request to sue the government for damages was rejected by the Supreme Court. Wood saw the majority of his £50m investment wiped out in 2008. Share Show Comments ▼ whatsapplast_img read more

JOHNSTON PRESS FOCUSES ON DIGITAL

first_img whatsapp JOHNSTON Press hired Henry Faure Walker as digital and business development director yesterday, to replace Lori Cunningham. Walker will be responsible for expanding digital activities at the media group. The company, which owns 300 local newspapers, set up a paywall around six regional websites last November but dropped the system in April. Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof JOHNSTON PRESS FOCUSES ON DIGITAL Monday 6 September 2010 8:25 pm KCS-content Share whatsapp Show Comments ▼ Tags: NULLlast_img read more

Spain faces general strike

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Tags: NULL Sunday 26 September 2010 10:49 pm Spain was last night braced for a general strike but analysts hope turnout will be low as the country continues to wrestle with its mammoth budget deficit. The mass walk-out is planned for Wednesday but many Spaniards support the austerity measures and are likely to ignore the unions. A poll showed only 18 per cent of the workforce are in favour of the strike. Moreover, 71 per cent of those polled did not believe the strike would alter government policy over radical belt tightening measures. Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Share center_img KCS-content whatsapp Show Comments ▼ Spain faces general strike whatsapplast_img read more

DO YOU THINK THE BANK OF ENGLAND WILL RESTART QE?

first_img PETER DIXON | COMMERZBANK“Desperate times may call for desperate measures, but until such times as the economic recovery goes into reverse, doing nothing may be the best strategy. And if the Fed does begin its QE2 programme, the UK can afford to keep its powder dry by free-riding on the Fed’s coat-tails.”PHILIP SHAW | INVESTEC“The chances of the MPC resuming its QE operations have increased, amid fears that the recovery is losing momentum and that activity could be dealt a downward jolt from the proposed cuts in spending. The November meeting is likely to be the focal point of the MPC’s collective angst over the recovery.”JAMIE DANNHAUSER | LOMBARD STREET RESEARCH“It is clear that the huge dose of monetary stimulus has achieved much of what it set out to do. To call for more QE ignores the slew of monetary data arguing against it. The balance of risks may deteriorate in the future but right now, monetary conditions remain sufficiently easy to promote recovery.” DO YOU THINK THE BANK OF ENGLAND WILL RESTART QE? Share whatsapp whatsapp KCS-content Sunday 3 October 2010 10:18 pmcenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

KPMG probed over BAE audit

first_imgMonday 25 October 2010 8:37 pm KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsapp Tags: NULL Sharecenter_img whatsapp KPMG probed over BAE audit Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap AUDITORS at KPMG are to be investigated over their work for the arms-maker BAE Systems, an industry watchdog said yesterday. The Accountancy and Actuarial Discipline Board (AADB) will probe KPMG in relation to BAE’s payments through offshore companies between 1997 and 2007.The investigation follows on from BAE’s long-running corruption case linked to Saudi Arabian and Tasmanian arms deals, which the firm settled in February after admitting in a US court to conspiring to make false statements and paying £285m in fines. The AADB named the three front companies – Red Diamond, Poseidon and Novelmight – used by BAE to make payments to foreign officials. The watchdog said it will investigate the “status, operation or disclosability” of the firms in KPMG’s work. A KPMG spokesman said of the investigation: “The firm does not believe there has been any act of misconduct. It will of course be co-operating fully with AADB to ensure the matter is brought to a swift conclusion.”If the AADB find evidence of misconduct it could hold a public tribunal, which would have the power to dole out unlimited fines and revoke licences to practice. last_img read more

African Minerals raises £191m

first_imgThursday 11 November 2010 7:50 pm CONTROVERSIAL businessman Frank Timis’ mining company plans to raise $800m (£496m) in a debt and equity issue to fund its iron ore project in Sierra Leone.Aim-listed African Minerals said yesterday it has raised £191m through a share placing and hopes to secure a $500m (£310m) loan facility. The proceeds will finance the remaining construction at its flagship Tonkolili mine and allow first production to take place towards the end of 2011. The company successfully raised £191m through a placing of 45m shares at 425p each in the market yesterday, with payment expected on 18 November. Timis, the company’s chairman, said: “We are delighted with the tremendous response internationally from a broad range of high quality institutional investors. “We view this as a major endorsement of the quality of African Minerals’ Tonkolili Project, our team and Sierra Leone. We are now well placed to become a significant independent iron ore producer.”Canaccord Genuity, Mirabaud Securities, Dundee Securities and GMP Securities Europe are acting as joint placing agents for the company.In October, the company’s planned $1.5bn investment in the Tonkolili project suffered a further delay with fellow investor Shandong Iron & Steel needing extra time to complete due diligence.Timis has said Tonkolili could become the largest iron ore mine in the world. The Romanian tycoon hit the headlines last year when he was head of Regal Petroleum, when the firm was slapped with a record £600,000 fine by Aim for misleading investors.ROBERT FINLAY & GUY BLAKENEYCANACCORD GENUITYCANACCORD Genuity has advised African Minerals since it first floated on Aim in February 2005, when it was known as Sierra Leone Diamond Company. The investment bank has since seen the company through its first diamond sale, numerous cash-raising efforts and expansion into iron ore. In yesterday’s share placing, Canaccord Genuity acted as nominated adviser and joint placing agent, alongside three other firms. Robert Finlay, head of UK investment banking at Canaccord, has come full circle with African Minerals, having spent his childhood in Africa. Finlay has been with Canaccord since 2004, and looks after companies involved in mining, energy and support services. He has more than 20 years of corporate finance experience, having worked for Credit Lyonnais, ABN AMRO and Hoare Govett.Guy Blakeney, director of investment banking for support services, has numerous mining clients including Mwana Africa and Kopane Diamond Developments. If African Minerals decides to join the main stock market (and there have been rumours about such a move for years), Blakeney has plenty of experience, having helped Vision Opportunity China Fund make the jump last month. whatsapp whatsapp Show Comments ▼ Share KCS-content African Minerals raises £191m by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Tags: NULLlast_img read more

Global climate talks open in Cancun

first_img whatsapp Tags: NULL Monday 29 November 2010 2:30 am whatsapp THE latest round of United Nations climate talks opens today with almost 200 nations meeting in Mexico.The two-week conference at the beach resort of Cancun aims to agree on funds and approaches to preserve rain forests and prepare for a hotter world. It will also seek to formalise existing targets to curb greenhouse gas emissions.The fanfare is far below levels of last year’s Copenhagen summit which aimed to agree a new climate deal but ended instead with a non-binding agreement rejected by a clutch of developing countries.The long-running UN talks have pitted against each other the world’s top two emitters, the United States and China, with US demands for greater Chinese emissions curbs echoing similar pressure on free trade and human rights.On the eve of the talks, Mexican President Felipe Calderon pointed to the economic opportunities from fighting climate change, aiming to end the distrust of the previous summit.“This dilemma between protecting the environment and fighting poverty, between combating climate change and economic growth is a false dilemma,” he said pointing to renewable energy as he inaugurated a wind turbine to power the conference hotel.Calderon said the talks would focus on preparations for a hotter world, a central concern for poorer countries. “Basically, what we’re going to discuss is adaptation,” he said.That comment jarred European Union negotiators, who said that the talks must also achieve harder commitments to existing emissions pledges, including from developing countries.“We will look for a limited set of decisions in Cancun. We hope we will lay out the path forward,” Artur Runge-Metzger, a senior EU negotiator, said yesterday.“We do see the outlines of a compromise,” said Peter Wittoeck, senior negotiator with Belgium, which holds the rotating EU presidency.The main aim of the talks is to agree a tougher climate deal to succeed the Kyoto Protocol, whose present round ends in 2012, to step up action to fight warming.World temperatures could soar by four degrees Celsius (7.2F) by the 2060s in the worst case of climate change and require annual investment of $270bn (£173bn) just to contain rising sea levels, studies suggested yesterday. Sharecenter_img alison.lock More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Global climate talks open in Cancun last_img read more

DEBT CRISIS: ALL EYES ON PORTUGUESE

first_img EUROZONE yields soared again yesterday as Portugal’s hopes of avoiding a bailout appeared to fade. Investors fled from Portuguese, Italian and Spanish debt, sending yields rocketing to their highest levels since the euro started.The yields on Italian and Spanish 10-year bonds also hit record levels against so-called safe-haven German debt.Pressure mounted on Portugal, whose spreads also crept higher, as its central bank warned the country’s lenders face an “intolerable risk” unless the government manages to get a grip on public spending. The core state deficit has widened 1.8 per cent so far this year.Portugal is desperate to avoid being the next Eurozone domino to fall, with Prime Minister Jose Socrates adamant he can pull the country through without needing a bailout.But fears are growing that he will be unable to meet targets laid out in the austerity budget pushed through last week, which would almost certainly condemn the country to a rescue package.Ratings agency Standard & Poor’s put Portugal’s sovereign debt on downgrade watch yesterday, warning that Socrates’ policies “have done little to boost labour flexibility and productivity” and that the nation’s fight to lower the deficit will cause the economy to dip two per cent in real terms next year. Elsewhere, Spanish bond yields rose as high as 5.7 per cent – more than three per cent higher than Germany’s – later falling back to 5.53 per cent. Italian yields rose above 4.64 per cent.The cost of insuring Eurozone debt also jumped yesterday on fears of contagion, with five-year credit default swaps (CDS) on Germany’s safe-haven debt rising 8.85 per cent. CDS on Italian debt rose 8.21 per cent and Spain’s jumped 4.15 per cent.Jean-Claude Trichet, the president of the European Central Bank, tried to calm the market yesterday by hinting that the bank could expand its government bond purchasing programme. Trichet told the European parliament he would not comment “at this stage… in light of the current situation”, but that the programme was “on-going”. He also refused to rule out the introduction of a joint Eurozone sovereign bond. It was not enough to stop the euro sliding below the $1.30 mark against the dollar yesterday, as well as losing against the yen to hit its lowest level in more than two months. The corporate debt market also reacted badly to the continued turmoil, as companies with high exposure to the Eurozone saw the cost of borrowing soar. Those affected included Italian lottery owner Lottomatica, whose bond yields have jumped 12 basis points to 5.61 per cent since being issued last week. DEBT CRISIS: ALL EYES ON PORTUGUESE whatsapp Tuesday 30 November 2010 9:02 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tags: NULLcenter_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald KCS-content whatsapp Show Comments ▼last_img read more

Germany rebuffs IMF call to raise euro zone fund

first_img whatsapp alison.lock EUROZONE finance ministers faced IMF pressure today to increase the size of a €750bn (£637bn) safety net for debt-stricken members to halt contagion in the single currency bloc.But EU paymaster Germany rejected any such move and also dismissed a call by two veteran finance ministers for joint euro bonds to be guaranteed by the whole eurozone.In a meeting today, International Monetary Fund chief Dominique Strauss-Kahn was set to urge the 16-nation single currency area to boost the rescue pool and the European Central Bank (ECB) to step up its purchases of government bonds, according to an IMF report obtained by Reuters.European Monetary Affairs Commissioner Olli Rehn said on arrival for the meeting that the question of upgrading the rescue fund, known as the European Financial Stability Facility, was one of the issues on the ministers’ agenda.However, German Chancellor Angela Merkel said she saw no need to increase the size of the bailout mechanism, which is deeply unpopular with voters in Europe’s biggest economy.She also said European Union treaty rules did not allow for issuing common bonds, which would reduce the element of competition and the interest rate incentive for fiscal good behaviour.The ECB engineered a dip in the soaring borrowing costs of weaker euro zone states late last week by stepping up purchases of mainly Irish and Portuguese government bonds. Figures issued on Monday showed the central bank bought €1.965bn worth of government bonds in the week to December 3, its biggest weekly tally since the end of June.But yield spreads of countries on the euro zone periphery over safe-haven German Bunds resumed their rise on Monday, as did the cost of insuring their debt against default.Many analysts say only sustained, massive central bank bond-buying can reverse the trend.The IMF report said a recovery in the euro zone, led by strong growth in Germany, could “easily be derailed” by renewed market turmoil, and described pressure on peripheral euro countries as a “severe downside risk”. Share Monday 6 December 2010 11:34 am Germany rebuffs IMF call to raise euro zone fund More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULL Show Comments ▼ whatsapplast_img read more

National Grid to sell part of US energy business

first_img Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Share KCS-content National Grid to sell part of US energy business whatsapp POWER network operator National Grid is off-loading part of its American business for £178m in a deal that could mark the start of more disposals in the US.National Grid is selling its Granite State Electric and EnergyNorth businesses in New Hampshire to Liberty Energy, part of Canada’s Algonquin Power & Utilities Corp.The UK company said the operations represented less than two per cent of its US business and it would use the proceeds to fund investment.Chief executive Steve Holliday said: “The sale is in line with our strategy of improving returns in the US and selling assets from our portfolio if others see more value in them.”Analysts said the group may need to sell more or all of its US business to fund UK investment, where it makes nearly three quarters of its profit.Broker Killik & Co said the New Hampshire business had made poor returns and the price was reasonable.Killik said Grid was awaiting more regulatory rulings from other US states and was limiting spending to maintenance.The broker said: “Given the poor regulatory climate, we believe there is a reasonable chance the whole US business will be sold in time.” Thursday 9 December 2010 7:29 pm whatsapp Tags: NULLlast_img read more