IOD chairman lays into new boardroom rule

first_img 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 TimesBetterBe20 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 Farminvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comHero WarsBig Boss of internet games!Hero WarsWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld Lifestyle KCS-content Sunday 5 September 2010 9:59 pm whatsapp Share 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 Proofcenter_img whatsapp IOD chairman lays into new boardroom rule Show Comments ▼ INSTITUTE of Directors (IOD) chairman Neville Bain has slammed the new rules that force board members at top firms to face annual re-election. Bain, the former chairman of Royal Mail, warned the recommendation that FTSE 350 directors must pass a vote of confidence once a year could play havoc with shareholder relations. “Annual board evaluations are a bit of a nonsense. I can’t see what there is to gain other than to play into the hands of any rebel shareholders,” the Independent on Sunday reported him as saying ahead of his book launch on boardroom best practice. Several industry bodies including the IOD and the CBI lobbied against the guideline before it was introduced by the Financial Reporting Council in June. The IOD said it risks destroying the collective nature of the board. The Council was unavailable for comment yesterday. Tags: NULLlast_img read more

Japan explains yen selling strategy

first_img 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity 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.com Japan explains yen selling strategy Share whatsapp John Dunne Japan will try to dispel international criticism of its yen-selling intervention by highlighting the damaging impact of the currency’s climb on an economy mired in deflation, the finance minister said.Japan’s solo foray into currency markets, its first in six years, sparked fears other nations might follow suit to prop up sagging exports and that such competitive devaluations could prove lethal to the slackening global economic recovery.Finance Minister Yoshihiko Noda, who has retained his post in a cabinet reshuffle, told a news conference that even though he was aware of such concerns Tokyo was ready to act again if confronted with rapid currency moves.The first opportunity to explain Tokyo’s actions may come next week when Prime Minister Naoto Kan will meet President Barack Obama in New York on 23 September on the sidelines of a U.N. General Assembly meeting, Japan’s Asahi newspaper reported on Friday.In its biggest one-day operation, Tokyo offloaded up to 1.86 trillion yen (13.8 billion pounds), money market data suggests, after the currency jumped to another 15-year high against the dollar, threatening to derail Japan’s tentative economic upturn.Noda said the yen’s rapid rise – which he said was deviating from the economy’s fundamentals – was the reason Tokyo intervened in currency markets, and that he had no specific currency levels in mind when deciding whether to intervene.“I’m aware that there are various opinions. But Japan’s stance is that a prolonged yen rise is undesirable as the economy remains in a severe situation with ongoing deflation. It is important to consistently explain our stance to the international community,” Noda told reporters after a cabinet meeting.Jean-Claude Juncker, chairman of euro zone finance ministers and Luxembourg’s prime minister, has said that Japan’s unilateral intervention to weaken its currency was not welcomed and that the euro zone had told Japan of its disapproval.With the market wary of pushing the dollar down too far against the yen after Tokyo’s action, the dollar was steady around 85.80 yen on Friday, 3 yen above Wednesday’s 15-year low of 82.87 yen.“It seems that Japan has shifted its argument to focus more on deflation and less on exporters,” said Kimihiko Tomita, head of foreign exchange at State Street Bank & Trust Co in Tokyo.A strong yen weighs on Japanese exporters’ profits and makes it harder for Tokyo to end the long spell of falling prices that dampens consumer demand and discourages corporate investment.The Bank of Japan has refrained from draining the extra funds released into the banking system via foreign currency purchases, effectively further easing monetary conditions by boosting the amount of money circulating in the market.Still, economists expect the impact to be limited given that the central bank’s benchmark interest rate is already near zero and corporate demand for loans is weak.The central bank did not conduct a money market operation Friday morning, boosting cash that commercial banks park at the central bank by around 2 trillion yen to about 17.1 trillion yen and pushing the overnight call rate slightly below the 0.1 per cent policy target as a result whatsapp Friday 17 September 2010 2:49 am Show Comments ▼ Tags: NULLlast_img read more

BP venture to pay highest ever dividend

first_img KCS-content Tags: NULL TNK-BP HOLDING, the publicly traded part of BP’s joint venture in Russia, said yesterday it has recommended a record-high interim dividend of 124bn roubles (£2.6bn). Russia’s third-biggest oil company, which elected former BP chief executive Tony Hayward to its board last month, has recommended the payout in what several analysts said is a move to feed cash back to parent company BP. Meanwhile, BP finalised its $3.25bn (£2.1bn) deal with American oil group Apache to sell its natural gas assets in Western Canada. The oil major is attempting to raise up to $30bn to cover costs stemming from the Deepwater Horizon oil spill in April. TNK-BP’s 8.04 roubles per share payment could provide other shareholders with funds to buy BP’s assets, helping it raise further cash. “Basically, the main shareholders are receiving cash that they can then use to buy assets from the parent company, and BP is in need of high dividend payouts now more than ever,” said Denis Borisov, an oil analyst at the Bank of Moscow.TNK-BP, half-owned by four Russia-connected billionaires, has its eye on BP assets in Vietnam, Venezuela and Algeria.Earlier this month, BP’s new chief executive Robert Dudley said it may sell its main Vietnam assets, worth around $1bn, to TNK-BP without inviting other parties to bid.Analysts also said TNK-BP’s large dividends will help one of its shareholders, the oligarch Mikhail Fridman’s Alfa Group, pay down debt related to its main assets, Russian telecoms operator Vimpelcom and the retailer X5. “It is possible that Alfa needs the money to pay debt secured against a range of its assets,” said Evgeny Golosnoi, an oil analyst at Troika Dialog.TNK-BP shareholders must approve the 8.77 per cent dividend hike at a meeting on 18 November. TNK-BP declined to comment on the reason behind the rise in the proposed dividend payments this year.London-listed shares of BP fell 0.74 per cent to 429.15p yesterday, faring slightly worse than the FTSE 100 index, which fell 0.19 per cent. whatsapp Share Tuesday 12 October 2010 9:12 pm BP venture to pay highest ever dividend whatsapp More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼last_img read more

Blacks narrows losses as takeover talks progress

first_img More From Our Partners Native 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com John Dunne Blacks narrows losses as takeover talks progress whatsapp Outdoor goods retailer Blacks Leisure said takeover talks with several parties continued, first half pre-tax loss narrowed and it suspended its interim dividend.The 317-store company, which runs the Blacks Outdoor and Millets chains, reiterated that preliminary discussions could lead to a bid for all or parts of its business.The company came close to administration last year before striking a rescue deal with creditors that saw it close over 100 stores.Blacks Leisure said margins had improved in the autumn/winter season and its core outdoor segment’s like-for-like sales fell 3.5 per cent in the second-half to date.For the first half ended Aug 28, the company posted loss before tax of £8.5m, compared with £15.2m a year ago.Sales fell by 22.6 per cent to £90.6m, reflecting the reduction in the number of loss-making stores since last year.Like-for-like sales for the first half decreased six per cent in the core outdoor segment, resulting from continuing difficult trading conditions, Blacks Leisure said.It had 412 stores last year. Show Comments ▼ whatsapp Thursday 28 October 2010 5:14 am Share Tags: NULLlast_img read more

ANALYST VIEWS: HAS SPORTS DIRECT TURNED THE CORNER?

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 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 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 A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp whatsapp Show Comments ▼ Thursday 16 December 2010 7:53 pmcenter_img KATHARINE WYNNE| INVESTECWe place our forecasts and our price target under review, but continue to view a valuation which is more expensive than both Next [hold] and Debenhams [buy] on a lease adjusted basis as unjustified given the continuing concerns over corporate governance and the unresolved future financing arrangements.JONATHAN PRITCHARD| ORIEL SECURITIESThe underlying business here is in very good shape. The advertising campaign is clearly resonating with its core demographic. And its chief competitor JJB is struggling. This couldn’t be better timed as we now approach the London Olympics. The World Cup effect is quantified at £15m to £20m of earnings. FREDDIE GEORGE| SEYMOUR PIERCEThe company will continue to benefit from the demise of JJB Sports, which recently issued a profit warning. The company should be a beneficiary of the keep fit trends and forthcoming sporting events – for example the Olympics. We maintain our ‘buy’ recommendation and raise our price target to 165p from 150p. KCS-content ANALYST VIEWS: HAS SPORTS DIRECT TURNED THE CORNER? Tags: NULLlast_img read more

Spain auction disappoints

first_img Spain auction disappoints KCS-content Thursday 16 December 2010 8:59 pm Show Comments ▼ whatsapp whatsapp Share YIELDS on Spain’s sovereign debt shot up ahead of a long-dated bond auction yesterday, even as the Spanish parliament voted to extend the country’s state of emergency to 15 January.The state of emergency keeps the country’s airports under military control after a strike about government cuts by air traffic controllers shut down the country in early December. After a warning yesterday from Moody’s that Spain’s credit rating is on review, yields on 10-year notes shot over 5.55 per cent this morning for the first time since November.The government auctioned off €2.4bn’s worth of 10 and 15-year debt – less than expected, at an auction described as “disappointing” by analysts. Analysts at BNP Paribas said the auction had “failed to generate any renewed confidence”.The sale was Spain’s second in a week, with its earlier short-dated bond auction of €2.5bn of debt on Tuesday seeing stronger demand. But the punitive yields being demanded by bond investors are stoking concerns that the Eurozone’s peripheral sovereigns will be unable to refinance their debt on a sustainable basis. According to Goldman Sachs, Spain needs to refinance €210bn worth of debt next year. The growing cost of borrowing for Eurozone states reflects the market’s lack of confidence that Europe’s leaders will be able to put the region’s finances on a sound footing as they meet for a second day of talks today. Investors are also worried by the fragile state of Spain’s banking sector, which was heavily invested in the property bubble. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Tags: NULLlast_img read more

SKY NEWS BITES THE HAND THAT MAY OR MAY NOT BE FEEDING IT

first_img whatsapp KCS-content SKY NEWS BITES THE HAND THAT MAY OR MAY NOT BE FEEDING IT Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity 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 whatsapp Show Comments ▼ SOME puzzling editorial choices have been afoot at Sky News this week. On Sunday, Gordon Brown’s disclosure that he asked the police to look into whether his phone was hacked by the News of the World topped its agenda all day. And yesterday the attack of foot-in-mouth disease that afflicted Sky Sports’ Andy Gray and Richard Keys – during which they saw fit to question whether a female referee’s assistant might need the intricacies of the offside rule pointing out to her – also headed the news list (at least until the Moscow airport bombing knocked it from the airwaves). The interesting point about these stories is that they both involve companies controlled by media mogul Rupert Murdoch, who owns the News of the World and covets 61 per cent of the chunk of Sky that isn’t already in his clutches.So why has Sky News turned on its brethren with such gusto? Could it be that the channel wants to prove just how impartial it is, and not at all a threat to media plurality? Not so says Sky News editor Chris Birkett: “These are the stories of the day. We’ve covered the phone hacking scandal from day one. We play it straight.”BEST INVESTMENTTHE Capitalist has been given an exclusive sneak peak at the Investment Special from this Thursday’s Prospect magazine.The indefatigable Jon Moulton (bottom), chairman of Better Capital and sometime City A.M. celebrity judge, comes out with a particularly fine zinger.In a section entitled “Win some, lose some,” which asks City-types to talk about their best and worst investments, Moulton quips: “My wife sadly declined, with unusual vigour, to be nominated in either category.”Also featured in the section is investment fund manager Nicola Horlick, who yesterday spoke about her plans to make a staggering 25 films in just three years in an ambitious £2m project called Derby Street Films. After the demise of the UK Film Council, any investment in our film industry is to be applauded. Let’s just hope it ranks among her best, rather than her worst, investments.BROWN’S WEIGHT IN HAGGISLondon’s famous Scottish restaurant, Boisdale, has devised an interesting way of promoting its Burns Supper. What could add to the culinary experience of munching on a sack of sheep offal? Why, of course, it is the knowledge that the amount of the stuff Boisdale expects to sell will more or less exactly match the weight of former Prime Minister Gordon Brown (250lbs, apparently, bottom, left) although whether he agreed to come into the restaurant for a weigh-in is unclear). Prices range from £39.50 for a three-course meal to £59.50 for a five-course.ACCOUNTANTS’ BALLIn festive merriment of another kind, accountants at PricewaterhouseCoopers (PwC), not usually renowned for their sense of humour, swapped their suits for flamboyant costumes for their annual pantomime. This year’s show – a performance of Pinocchio at the West End’s Peacock Theatre – even featured an impromptu cameo from PwC partner Leo Johnson. The dame – Mama Macaroni – was played by Dave Gironi, a manager in PwC’s finance team, who spent the performance pining for a date with Pinnochio’s dad, tax manager Phil Richardson.The firm is giving away 7,000 tickets to children from inner city schools and charities for the eight performances.WINE WARS RAGEThe Capitalist has always questioned the value of having two Corney andBarrow wine bars within staggering distance of each other in the heart of insurance land (Lime Street and Fenchurch Avenue). The bars surround the Lloyds building, where many an insurance boy can be seen with pink shirt, enlarged jowls, and file under arm.Always at the top of our game, we can now reveal that the Lime St Corney’s has vanished, to be replaced, according to smart green posters in the dusty window, by “a new wine bar for the city,” One Under Lime. An underwriter who spends most of his time in Lloyds the rest frequenting the local bars (no jowls, but has a file) described the vanished Lime St Corney’s as a “fleapit” compared with its Fenchurch Avenue counterpart. One Under Lime will be run by a group called Aventine, reportedly on behalf of Lloyds. We wish them all the best of luck in the over-priced Pinot Grigio war. Monday 24 January 2011 7:09 pm Tags: NULLlast_img read more

Wall Street rises on strong retail figures

first_img Share KCS-content Show Comments ▼ whatsapp Tags: NULL Wall Street rises on strong retail figures center_img US stocks ended near the session’s highs yesterday, with investors favouring shares of retailers after encouraging chain-store sales raised confidence ahead of today’s jobs report.The Morgan Stanley retail index rose 2.8 per cent, driven by companies such as Sears Holdings, up almost eight per cent, and Ross Stores, up six per cent and at a new high.US chain-store sales climbed 4.8 per cent in January. Along with rising service-sector activity and improved jobless claims figures, the stronger-than-expected retail figures added to growing evidence of an economic rebound.“The strength in the retail sector is probably the standout feature today,” said Nick Kalivas, an analyst at MF Global. “You have generally a profit-taking, consolidative market after a couple of days of big run-ups [and] in front of the employment report tomorrow.”The wider market had come under pressure for most of the day as some investors said stocks were extended after weeks of gains, while a stronger dollar weighed on the natural resource sector.Kalivas said the material and energy sectors were ripe for profit-taking while retail stocks had lagged the rally since the beginning of the year over concerns about the strength of consumer spending.The Dow Jones industrial average gained 20.29 points, or 0.17 per cent, to 12,062.26. The Standard & Poor’s 500 Index rose 3.07 points, or 0.24 per cent, to 1,307.10. The Nasdaq Composite Index added 4.32 points, or 0.16 per cent, to 2,753.88.The S&P 500 has rallied more than 10 per cent since breaking out of a trading range at the start of December and is up 21 per cent since the end of August.Data showed the US services sector grew in January at its fastest pace since August 2005, and initial claims in the latest week for unemployment benefits fell more than expected.The S&P’s energy sector has been the top gainer this year, rallying 9.4 per cent, while industrials and technology each have rallied six per cent. Over that time the Morgan Stanley retail index has fallen 2.5 per cent.Also in the retail sector BJ’s Wholesale Club said it may put itself up for sale. Shares of BJ’s, which is under pressure from a private equity firm that may make a hostile bid, jumped 12.2 per cent. Trading volume was 7.69bn shares on the New York Stock Exchange, the American Stock Exchange and the Nasdaq, below last year’s average. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com More From Our Partners Brave 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com whatsapp Thursday 3 February 2011 7:20 pmlast_img read more

Eurozone industrial demand continues to rise

first_img Show Comments ▼ More From Our Partners Connecticut man dies after crashing Harley into live bearnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller 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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Eurozone industrial new orders rose in December, confirming a strong economic recovery going into 2011, but pointing to weaknesses in consumer demand.The European Union’s statistics office, Eurostat, has said industrial new orders in the 16 countries using the euro in December increased 2.1 per cent month-on-month from November, for an 18.5 per cent year-on-year gain.Economists polled by Reuters had expected a 0.8 per cent monthly decrease and a 16.2 per cent annual rise.December’s rise follows a similar 2.1 per cent rise in November, Howard Archer, chief economist at IHS Global Insight, said.“The strength of industrial orders at at the end of 2010 bodes well for Eurozone industrial production in the early months of 2011 at least,” he said.“Furthermore, latest survey news on the sector is very encouraging with the February manufacturing purchasing managers’ survey for the Eurozone showing activity at a ten-year high with output, new orders, export orders, backlogs of work and employment all very healthy.”Debt-heavy peripheral nations suffered most, with new orders down most sharply in Ireland, and a decline for a second straight month in fellow financial bailout recipient Greece. Orders also dropped in Portugal and Spain – the countries financial markets believe could be next in line for a rescue.Except for Germany, which suffered declining industry demand for big-ticket items, new orders were up in every other eurozone country.Without the volatile orders for ships, planes and trains, industrial orders rose 1.3 per cent on the month and were 18.9 per cent higher than a year earlier.Martin van Vliet, euro zone economist at ING, said the growth figures were impressive, but it was important to remember they represented a recovery from a virtual freefall in 2009.While demand for capital and intermediate goods was strong, orders for durable consumer goods fell 2.3 percent from November – the second consecutive monthly decline – pointing to some weakness in household demand.“This fuels the view that Eurozone consumers remain reluctant to spend on big-ticket items and are a weak link in economic activity,” said Archer. whatsapp Tags: NULL alison.lock whatsapp Eurozone industrial demand continues to rise Wednesday 23 February 2011 8:01 am Sharelast_img read more

BBA: US bonus rules less onerous and expensive than EU laws

first_imgThursday 3 March 2011 8:09 pm Show Comments ▼ RULES regulating bonuses in the US are substantially less onerous than equivalent UK rules introduced in January, according to the British Bankers’ Association.The framework for the US rules, released by the Securities and Exchange Commission (SEC) on Wednesday, state that financial institutions must provide a description of their pay plans and explain why they will not result in a “material financial loss”. Institutions with over $50bn in assets must also defer 50 per cent of executives’ salaries over at least three years and include clawback clauses.But the rules are not nearly as detailed as those introduced by the FSA under an EU?mandate, and apply only to “executive officers”?rather than thousands of financial staff as in the UK. Irving Henry of the British Bankers’ Association, an industry group, told City A.M.: “The US rules are far less prescriptive than the EU rules. It’s a lot less bureaucratic: you don’t need an entire internal rule book. It’s less time-consuming and less costly.”The disparity will raise concerns that British firms could lose out in the fierce competition for talented recruits. whatsapp whatsapp KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.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.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comcenter_img BBA: US bonus rules less onerous and expensive than EU laws Tags: NULL Share 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldlast_img read more