Capital increase for Greek bank

first_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Greece’s largest lender National Bank announced a €2.8bn (£2.3bn) capital increase yesterday to better deal with the economic crisis and position for further expansion in Turkey and Eastern Europe, the bank said. whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULL Sharecenter_img Show Comments ▼ whatsapp Tuesday 7 September 2010 11:34 pm Capital increase for Greek bank last_img read more

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BP: Spill claims will be under $20bn

first_img whatsapp Monday 13 September 2010 3:02 am Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: NULL Sharecenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeRoof Restoration | Search Ads5 Best Roofing Companies In ScottsdaleRoof Restoration | Search AdsDaily Sport XListing Down The Most Beautiful Women In The WorldDaily Sport XBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushJobs in the USA | Search AdsFinding a Job in the USA from United States Might be Easier Than You ThinkJobs in the USA | Search AdsMovie JewelAn Aircrew Saw Odd Activity On A Remote Island And Had To Look CloserMovie Jeweltradingfs.com20+ Animals Who Made a Mistake but Look So Cutetradingfs.comPKUYuke Experimental Class for International StudentsPKUMagellan TimesIf You See A Red Ball On A Power Line, Here’s What It MeansMagellan Timeshttps://www.manukafeed.comJust 3 Ingredients Will Help You to Clear Clogged Arteries Without Medicationhttps://www.manukafeed.com John Dunne BP: Spill claims will be under $20bn BP believes compensation claims related to its Gulf of Mexico oil spill will be less than the $20bn the oil giant has put into an independent claims fund, analysts at Citigroup said, following a meeting with incoming Chief Executive Bob Dudley.“He added that given current estimates of claims the $20bn (£12.9bn) Independent Claim Fund (ICF) that BP established probably exceeds calls,” Citigroup said in a research note.Dudley added the $32bn provision BP made for the total cost of the disaster remained a reasonable indicator of eventual cost.Dudley also told the analysts that claims by Gulf states for lost tax revenue related to the spill “should not be too high” as any tax drops due to lower economic activity following the spill would be offset by the economic stimulus of the response effort.Citigroup said that, following the meeting with Dudley, it had growing confidence BP would reinstate its dividend early next year.“Dudley pointed out that the company was not ordered to cut the dividend by the U.S. government – it was a choice by the corporation to preserve liquidity … we believe the company can re-instate a dividend with the Q4 results,” Citigroup said.Analysts at Bernstein took a more sceptical view on a return to dividends in a note on Monday.“BP’s cashflow position should be just strong enough to support a restoration of dividends by 1Q 2011, under an $80/barrel oil price scenario based on estimates. However, this assumes divestments are completed,” analysts at Bernstein said.Dudley told the investment bank that BP’s divestment target remained $25bn to $30bn, despite reports that this had been increased by $10bn.BP was not immediately available for comment. last_img read more

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Shop price inflation hits a five-month high after food and cotton prices surge

first_img Show Comments ▼ Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp Tags: NULL A jump in the cost of agricultural commodities drove British shop price inflation to a five-month high in September, but weak consumer demand should contain price pressures in the rest of 2010, a survey showed yesterday.The British Retail Consortium (BRC) said shop prices in September were 1.9 per cent higher than a year ago, up from an annual rise of 1.7 per cent in August and the highest since April.The pick-up was driven by a rise in food price inflation to its highest since July 2009 – up by an annual 4.0 per cent – and reflected a recent surge in wheat prices.Meanwhile, a jump in cotton prices pushed up the price of clothes and lifted non-food prices by 0.7 per cent on the year – the first time the rate has picked up since April.The price of cotton hit a 15-year high last month as fund managers ramped up their positions in the fibre on the view that demand was picking up and stocks were running low, although prices have subsided more recently.Meanwhile, a near doubling in global wheat prices is still filtering down to food manufacturers. Sharecenter_img Wednesday 6 October 2010 7:18 pm 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp KCS-content Shop price inflation hits a five-month high after food and cotton prices surge last_img read more

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Osborne’s unlikely pin-up: Mr Brown

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsapp Show Comments ▼ whatsapp POLITICAL EDITORGEORGE Osborne has always been a master tactician first and an economist second. Yesterday’s highly political spending review was no different. Chief in his mind was closing down the lines of attacks his opponents might pursue. In that sense, he is not dissimilar to Gordon Brown, his predecessor but one and sworn enemy. It is easy to see where he learnt his trade; years of being bested by his Labour rival have taken their toll. His statement to the House of Commons was full of the smoke and mirrors that were the hallmark of Brown’s years as chancellor. Where a cut was large in percentage terms, as in the case of the Culture department (25 per cent), but relatively small in cash terms, he only gave the cash figure (£1.1bn). He rattled off a list of budgets that were “protected”, which were only protected in nominal terms, meaningless when one factors in the impact of rising prices on departmental spending power.There were also fuzzy, unfunded pledges to soften the blow of real cuts. The Educational Maintenance Allowance – the grant given to poor sixth-formers – would be replaced by “more targeted support”. No-one in government seems to know what this “targeted support” will consist of – or how much it will cost. Again and again, the chancellor wrong-footed Labour. What about the one-off cold-weather payment that Brown gave to pensioners in the final winter before the election, at a cost of £50m a year? Osborne is keeping it – for good. “In my view higher cold weather payments should be for life, not just for elections,” he declared, barely able to conceal his glee at landing another blow on the opposition. As he ploughed through the one-hour statement, Osborne’s delivery even began to mimic Brown’s. Lists were read out to a machine-gun rhythm, his finger jabbing the despatch box as each new item of cuts or spending was announced. Some of the biggest measures were simply omitted. The £1bn-a-year carbon stealth tax that was slapped on big business and public institutions didn’t get a mention in the chancellor’s 27-page statement to the house. Instead, it was quietly revealed later by the energy secretary, when the media were busy digesting the earlier announcements. The pièce de résistance was the rather disingenuous suggestion that his departmental cuts will somehow be softer than the ones Labour would have had to make (a claim he could only make because of bigger savings in the welfare budget). It was, of course, nonsense: Labour wants to cut the deficit more slowly than the government does and Osborne knows this. But who cares? This is politics – and George, like Brown, only plays to win. Osborne’s unlikely pin-up: Mr Brown center_img KCS-content 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Wednesday 20 October 2010 8:35 pm Tags: NULLlast_img read more

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WHAT THE OTHER PAPERS SAY THIS MORNING

first_img whatsapp Wednesday 10 November 2010 8:53 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.com FINANCIAL TIMESGREENSPAN WARNS OVER WEAKER DOLLARThe US is pursuing a policy of weakening its currency which is driving up exchange rates in the rest of the world, according to Alan Greenspan, the former chairman of the Federal Reserve. Writing in today’s Financial Times ahead of the G20 meeting in Seoul, Greenspan argues that with China also holding down the renminbi, the upward pressure on currencies elsewhere risks a return to widespread trade protectionism. WALL STREET TO SIDESTEP VOLCKER RULEWall Street groups will continue to invest billions of dollars in property and companies in spite of new rules aimed at curbing the bets banks make with their capital, executives say. US financial groups such as Goldman Sachs, JPMorgan Chase and Morgan Stanley intend to take advantage of a little-discussed aspect of the Volcker rule to continue making direct investments. FIRST EASTERN FUND TARGETS UKFirst Eastern Investment Group, a Hong Kong-based private equity firm, has launched a $500m fund to invest in small and medium sized enterprises in the uK and help them break into the Chinese market. The fund was launched yesterday in Beijing during Prime Minister David Cameron’s official visit.BA SUFFERS SETBACK IN CABIN CREW CLASHBritish Airways’ attempt to reach a settlement in its acrimonious dispute with cabin crew has hit another stumbling block after two branches of the trade union involved said they would not recommend the airline’s latest offer to members. BA and the Unite union last month reached a tentative agreement.THE TIMESMACY’S SINGS PRAISES OF MADONNAA clothing line for teenagers launched in August by Madonna and her 13-year-old daughter Lourdes is helping to breathe new life into Macy’s. The Material Girl line, which recalls Madonna’s leather-and-lace days of the 1980s, represents the American department store’s attempt to compete with outlets such as H&M.BAE HAS SIGHTS ON CYBER WARFARE AS MERGERS ARE RULED OUTBAE Systems is to look for acquisitions in high-growth areas such as cyber warfare, but mega-mergers will be off the agenda as defence cuts loom. Ian King, chief executive of Europe’s largest defence company, said that the Pentagon had made clear it did not want more consolidation between the world’s largest defence contractors because it would reduce competition.The Daily TelegraphPRIVATE DETECTIVES CHASE HP BOSS The new chief executive of Hewlett-Packard is being hunted by private detectives, it has been claimed. Investigators are said to have been hired by software group Oracle to find Leo Apotheker, who took charge at Hewlett-Packard this month. Oracle is attempting to serve Mr Apotheker with a subpoena to testify in a court case, in which it is fighting SAP, a rival company that Apotheker formerly led. ANGLIAN’S JONSON COX IS NEW UK COAL CHAIRMAN UK Coal, Britain’s largest coal miner, has appointed Jonson Cox, the former head of Anglian Water, as its new executive chairman. The company announced in July that David Jones and Jon Lloyd will step down as chairman and chief executive, ahead of the company being split into its coal assets and property operations. THE WALL STREET JOURNALEU MINISTERS, PARLIAMENT TO NEGOTIATE BUDGET INCREASEEuropean budget ministers will meet representatives from the European Parliament in Brussels on Thursday to try and reach an agreement on next year’s EU budget. The council, which comprises budget ministers from the bloc’s 27 member states, wants the budget to increase by no more than 2.91 per cent from this year’s level of €122.9bn, while Parliament wants a 6.2 per cent rise. SWITZERLAND TIGHTENS BANK CAPITAL RULES The Swiss government is asking banks to set aside more capital as a cushion against losses on their trading books, a move that will affect UBS AG and Credit Suisse more than smaller institutions. The tighter rules, which come into force on 1 January, stem from the Basel III rules. whatsapp KCS-content WHAT THE OTHER PAPERS SAY THIS MORNING Share Tags: NULL Show Comments ▼last_img read more

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Growing euro crisis raises the stakes

first_img Growing euro crisis raises the stakes Tags: NULL IT’s all starting to feel a little too much like we’ve returned to 2007. First a few little-known mortgage lenders, then Bear Stearns (Greece) in early 2008, then Freddie and Fannie (Ireland) – and then, eventually Lehman Brothers (Italy or Spain?) and the whole pack of cards came crashing downs. What at each stage seemed imminently containable soon enough turned into a financial and economic disaster.Fortunately, we are not there yet. UK banks have substantial exposure to Irish assets. Nevertheless, so far investors have been relaxed about the UK, partly because there is a big difference between exposure and a loss. Britain is unlikely to be dragged down in any substantial way by Ireland, Portugal or Greece. Worryingly, it is tough to work out what is really happening in Spain or Italy. If those countries were to hit the rocks, an EU-wide double-dip recession and generalised calamity would be inevitable.With Democratic-controlled California also teetering on the brink, and the Republicans in Congress in no mood for clemency, the spectre of sovereign defaults will be the greatest risk facing the world economy in 2011, above even the risk of China’s credit bubble going pop.So far, the gilts markets have stood up well, largely because investors are convinced that the coalition won’t be turning on its plan to balance the budget. As analyst Michael Saunders of Citigroup points out, central government revenues are up 9.2 per cent year on year in the fiscal year to date, well above the Office for Budget Responsibility’s (OBR) forecast for the full year (6.7 per cent). Revenues have been fuelled by higher-than-expected nominal GDP growth (5-6 per cent year on year compared with the OBR’s forecast of 4.4 per cent growth for the whole year, in part because inflation is overshooting), the first VAT hike (back to 17.5 per cent, boosting revenues by about 2 per cent). Corporation tax receipts are up 28 per cent year on year in April-October.The problem for the British government is that austerity is not fully being implemented, contrary to the rhetoric. Total central government current spending and net public investment rose 5.9 per cent year on year in April-October where the OBR projects a 4.2 per cent gain over the full year. Part of this overshoot reflects higher interest payments, including indexation on index-linked gilts. But public investment also has fallen less than expected so far, dropping 5 per cent in April-October whereas the OBR projects 21 per cent drop over the full fiscal year.There is one more piece of good news, courtesy of Citigroup. Since May 2006, the monthly deficit has been revised down 41 times from the initial data, with only 12 upward revisions. For the last 12 figures, the deficit has been revised down 10 times and only twice upwards. For that 12-month period, the cumulative downward revision has been a massive £24bn.Our public finances are improving and will make it easier to deal with small-scale sovereign crises. The rest of the EU has a much bigger problem, however: it has no solution to the fact that the euro is clearly not working and actually fuelling booms and busts. And its resolution procedures for failed states remain confused and opaque. It still seems as if the UK at least will be all right. But the chancesthat we won’t be have started to go [email protected] whatsapp KCS-content Share whatsapp 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Monday 22 November 2010 6:46 amlast_img read more

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WHAT THE OTHER PAPERS SAY THIS MORNING

first_img Show Comments ▼ WHAT THE OTHER PAPERS SAY THIS MORNING by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com FINANCIAL TIMESINVESTOR IRE OVER SIG CHIEF’S PAYInvestec Asset Management has hit out at the board of SIG for ignoring investor outcry about the amount its chief executive is being paid. Investec, which owns 3.3 per cent of the Sheffield-based insulation and plasterboard maker, has written a letter to SIG to protest against a 15 per cent pay rise awarded to Chris Davies, its chief executive.THERE IS NO PLAN B, INSISTS TREASURYThe Treasury has insisted it is not drawing up a “Plan B” to prop up the economy if the recovery falters in 2011, despite suggestions from Britain’s top civil servant that stimulus measures should be put on standby.The proposal, in a private memo by Sir Gus O’Donnell, the cabinet secretary, was revealed in Monday’s Financial Times. It caused irritation in the Treasury, which says its austerity plan is working.GOLDMAN’S ASIAN DILEMMA AS REGION HEAD PRESSES TO STAY IN USGoldman Sachs is seeking an executive to run its day-to-day operations in Asia even as the bank struggles to find a new role in its New York headquarters for the region’s chairman, Michael Evans. The months-long uncertainty over Mr Evans’ next position underscores the sense of flux within Goldman.FURTHER SETBACK FOR NOKIA AS E7 IS DELAYEDNokia has warned that another of its new range of smartphones will be delayed, highlighting the difficulties facing the Finnish group as it struggles to regain lost ground in the fast-growing smartphone market. The world’s biggest mobile maker said its E7 device would not hit the market until early 2011, after being due to launch before the end of this year. THE TIMESWORLDWIDE AIRLINES ON A DESCENDING PATHThe merger of British Airways and Iberia will do little to stave off falling profits in the airline industry, analysts predicted yesterday. Combined profits for all European airlines are forecast to fall to $100m (£63m) next year, from the $400m expected this year. SOARING REPOSSESSIONS, STAGNANT SALES: IT’S DOOM ON THE HOME FRONTThe housing market is likely to remain in an extremely gloomy state for “many years to come” as banks continue to restrict lending and a shaky economy deters buyers, Britain’s biggest lending body has warned. The number of households falling into arrears will rise to 180,000 in 2011 according to the Council of Mortgage Lenders.The Daily TelegraphYAHOO! TO CUT 560 JOBSYahoo!, the US technology giant, is set to cut about four per cent of its workforce as the company continues to streamline operations in the face of sluggish revenues. Yahoo! has struggled to stanch a migration of users and advertising dollars to Facebook. Carol Bartz, chief executive since January last year, is leading a job cull which cut around 560 positions. US JUDGE THROWS OUT FRAUD CASE AGAINST BAUGUR’S JON ASGEIR JOHANNESSONA New York judge has thrown out a legal case against London-based Viking raider Jon Asgeir Johannesson, which claimed he was the architect of a $2bn (£1.2bn) fraud. The court decided the case should not be tried in the US, as most of the key players are Icelanders and it revolves around the collapse of Icelandic banks.THE WALL STREET JOURNALPAULSON-LED GROUP WEIGHS ALTERNATE LEHMAN BANKRUPTCY PLANA group of investors including hedge-fund manager Paulson & Co. are weighing a competing reorganization plan for Lehman Brothers Holdings Inc. that would provide a better recovery to creditors of the original Lehman parent company while offering a smaller payout to some creditors of Lehman subsidiaries, according to a person familiar with the investors’ thinking.PFIZER’S NEW CEO SHUFFLES TEAMNew Pfizer Inc. CEO Ian Read shuffled his executive team yesterday, installing associates he’s worked closely with at the pharmaceutical giant while keeping key leaders in their posts. The moves come just a week after Read succeeded Jeffrey Kindler, who retired unexpectedly. Share whatsapp KCS-content center_img whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.com Tuesday 14 December 2010 9:39 pm Tags: NULLlast_img read more

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Middle East investor pumps $500m into Carlyle Group

first_img Share Show Comments ▼ Thursday 16 December 2010 8:34 pm whatsapp Tags: NULL 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 ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutecenter_img Middle East investor pumps $500m into Carlyle Group whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof US private equity firm Carlyle Group has deepened its ties with a major Abu Dhabi investor in a move that could see it grow its investments in the Middle East.State-owned investor Mubadala Development has paid $500m (£318m) for an unspecified mixture of debt and equity in Carlyle, adding to its 7.5 per cent stake bought in 2007.Mubadala, which invests in long-term capital-intensive projects to diversify Abu Dhabi’s economy, has co-invested and collaborated with Carlyle in sectors such as healthcare and aerospace since then. The Middle East and north Africa region has been another focus for cooperation.“Our partnership with Mubadala continues to strengthen as we collaborate on investment opportunities and share sector and regional economic insights,” said David Rubenstein, Carlyle’s co-founder and managing director. The additional capital will allow it to extend new product lines and offerings to investors, said the US firm.Carlyle currently manages assets of about $98bn while Mubadala said in September that it held 86.1bn dirhams (£15bn) at the end of the first half of 2010. Goldman Sachs advised Mubadala on the deal, while Citi and JP Morgan Securities advised Carlyle. last_img read more

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Persimmon in bullish mood as sales surge

first_img Persimmon in bullish mood as sales surge HOUSEBUILDER Persimmon yesterday said underlying pre-tax profit for 2010 will be at the top end of market views, despite bad weather knocking sales before Christmas.The UK’s largest homebuilder by market value, which is led by chief executive Mike Farley, said it completed 9,384 homes in the year ended 31 December, against 8,976 last year. Average prices rose six per cent to £167,000, lifting turnover by 10 per cent to £1.57bn.Analysts expect an underlying pre-tax profit of £85m for 2010 according to a poll of 21 analysts compiled by the company.House prices fell in four out of the last six months, rising slightly in December, but activity was knocked by bad weather in the month.Persimmon also added that its current chairman and former chief executive John White will step down in April. He will be replaced by Nicholas Wrigley, who is currently executive vice chairman at investment bank Rothschild. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp KCS-content Sharecenter_img whatsapp 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ Tags: NULL Monday 10 January 2011 7:25 pmlast_img read more

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Sky News could be sold

first_img Tags: NULL KCS-content whatsapp Wednesday 19 January 2011 8:49 pm News Corp could be prepared to dispose of Sky News or other assets to smooth its path to taking full control of BSkyB, it emerged last night. Rupert Murdoch’s media group has approached the Department of Culture, Media and Sport (DCMS), the body responsible for approving the takeover of BSkyB, with a range of options that include selling Sky News, according to the Financial Times. Watchdog Ofcom has already told DCMS it should refer the takeover £7.5bn bid to the Competition Commission. The larger group, which includes chairman and chief executive of News Corp in Europe and Asia James Murdoch, had bid to buy the shares in BSkyB that News Corp does not already own, in a deal that valued the broadcaster at roughly £12bn.A spokesperson for DCMS said the department “would not provide a running commentary”, while News Corp’s US office did not return calls. Sky News could be sold Show Comments ▼center_img whatsapp 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Sharelast_img read more

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