City Moves for 8 January – who’s switching jobs at Grosvenor Group, Alvarez and Marsal and Redburn?

first_img Who’s switching jobs?Grosvenor GroupGrosvenor Group , the privately-owned international property group, announces the appointment of Matthew Barzun as non-executive director. Joining the Group Board with effect from 21 March, he brings a wealth of international experience in politics, diplomacy and business. Matthew is a former US Ambassador to the United Kingdom (between 2013 and 2017) and to Sweden (between 2009 and 2011). by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldBozoba.comPour Vinegar On Bread And Leave It In Your GarageBozoba.comNinjaJournalistCareless Workers Caught In Jaw-Dropping MomentsNinjaJournalistzenherald.comArchie Issued New Birth Certificate After Harry’s Title Revokedzenherald.comTherapy JokerNicole Kidman’s Daughter Grew Up To Look Just Like Her MomTherapy JokeralldelishHere is what happens to your body when you start eating 2 eggs every dayalldelishTipgaloreWeird Hyrbid Animals That’ll Leave You SpeechlessTipgalore More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Tags: Trading Archive Tuesday 8 January 2019 12:01 am whatsapp In 2008 he joined Barack Obama’s National Finance Committee where he developed the Obama campaign’s grass-root fundraising and volunteering strategies which were to prove instrumental to electoral success. He also served as National Finance Chair for President Obama’s 2012 re-election campaign. Earlier in his career, Matthew helped shape the early development of the internet, joining technology news and reviews website CNET as its fourth employee in 1993. He held roles within the company including executive vice president, chief strategy officer and executive committee member.Matthew is chairman of Tortoise Media, a London-based news organisation, and serves on the boards of many not-for-profit organisations with a focus on education; public policy and interfaith relations.Alvarez & MarsalAlvarez & Marsal Taxand, an affiliate of leading global professional services firm Alvarez & Marsal (A&M), has strengthened its tax advisory practice with the appointment of Jason Clatworthy, who joins as a managing director and will serve as global lead for the firm’s Infrastructure Investors service offering.The appointment reflects A&M Taxand’s continued growth at a time when tax rules, and regulations are in flux, and clients are increasingly seeking experienced tax experts free from audit conflicts. Jason will be based in London and will work alongside A&M’s senior practice leaders including Marvin Rust, who joined the firm last year as head of A&M Taxand Europe. Jason brings more than 25 years of experience in corporate and international tax with a focus on infrastructure, private equity, and financial services clients.Prior to joining A&M Taxand, Jason was a Partner at Deloitte in London, where he founded and led the infrastructure investors team since its inception in 2006.Redburn Share whatsapp City Moves for 8 January – who’s switching jobs at Grosvenor Group, Alvarez and Marsal and Redburn? Redburn (Europe), the independent equity research and execution firm, today announces that Steve Malcolm, formerly a partner at Arete Research, will be joining the company as a senior analyst in the telecoms research team. Steve will be working closely with Nick Delfas and team to build on the success of Redburn’s highly-rated European telecoms franchise.Steve brings over 20 years of experience. Louis Ashworth last_img read more

UK economy posts slowest growth in six months but beats lower expectations

first_img However, construction continued to perform well after experiencing high demand in summer, growing by 2.1 per cent between September and November, despite then hitting a three-month low in December, according to a closely-followed index.Sterling moved up against the dollar after a slight dip following the figures, rising from 1.274 to 1.276.Joshua Mahony, senior market analyst at trading platform IG, said: “While many will be looking towards the improved November GDP figure of 0.2 per cent, depressed industrial and manufacturing production numbers for the month are somewhat less encouraging.”Ultimately traders are waiting on Tuesday’s vote as the primary source of directional bias for the pound, with Theresa May expected to suffer a scolding defeat that will leave the UK in limbo once again.” The UK economy grew at its slower rate in six months between September and November, data released today shows, but still managed to beat lower expectations.GDP grew by 0.2 per cent in November compared to the month before, and by 0.3 per cent in the 12 weeks to the end of the month, the Office for National Statistics (ONS) said today. UK economy posts slowest growth in six months but beats lower expectations Joe Curtis Read more: How retailers fared on Super ThursdayThat is the weakest GDP growth since an increase of 0.1 per cent between March and May this year.Head of National Accounts, Rob Kent-Smith, said: “Growth in the UK economy continued to slow in the three months to November 2018 after performing more strongly through the middle of the year.”Accountancy and housebuilding again grew but a number of other areas were sluggish.“Manufacturing saw a steep decline, with car production and the often-erratic pharmaceutical industry both performing poorly.” whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgcenter_img Friday 11 January 2019 10:15 am Manufacturing hit a six-month high last month as Brexit stockpiling pushed up sales.Andy Soloman, boss of business growth experts Yomdel, called the latest economic figures “fairly positive news”, against lower predictions as the UK faces Brexit uncertainty and retail woes.“Of course, while the overall figures may seem positive some sectors are suffering more than others and one more so than the industrial manufacturing and production,” he added.”One has to wonder if this area of UK industry has already begun to scale down production in anticipation of a bad or no deal Brexit and the potential evaporation of EU demand for their products.”Read more: Brexit stockpiling pushes manufacturing to a six-month high Share whatsapp Retail sales fuelled by Black Friday activity boosted the services sector to a 0.3 per cent rise in November, slightly offset by a small contraction in legal activities and accounting.Read more: City firms shift £800bn to EU to ward off Brexit uncertaintyThe services sector also posted 0.3 per cent growth for the three months to the end of November, with professional services and sciences acting as the largest contributor.Meanwhile the UK production industry fell to a 0.4 per cent decline in November, with unplanned maintenance hitting miners and weak manufacturing also to blame.Over three months that fall doubled to a 0.8 per cent drop, with all four sub-divisions reported a decline for the first time since October 2012. Tags: Trading Archivelast_img read more

Five moments we’ll always cherish from Gavin WIlliamson’s time as defence secretary

first_img Historians will look back on former defence secretary Gavin Williamson as one of the more colourful figures in Theresa May’s Cabinet.Read more: Defence secretary Gavin Williamson ousted from cabinet over Huawei leak “It is absolutely atrocious and outrageous what Russia did in Salisbury. We have responded to that. Frankly, Russia should go away, it should shut up.”At the time Williamson was being tipped as a possible successor to Theresa May, but perhaps sadly, fate has decided to spare us the sight of him as Prime Minister. Share whatsapp Private Pike was trying to make a speech about IS forces in Syria when he was rudely interrupted by his own iPhone.4. When he proposed firing paintballs at Spanish shipsA foolproof plan to splatter Spanish vessels into submission if they trespassed into Gibraltar’s waters was first reported by the Sun in January 2019.Williamson’s brainwave, outlined during a meeting with senior defence staff, was intended to scare away Spain’s military by arming locals with paintball guns and pitting them against navy guns. Williamson, who was last night sacked over allegations he leaked information from a top secret security meeting, experienced a series of gaffes during his time as defence secretary, earning him the nickname ‘Private Pike’, after the hapless Dad’s Army character.The fireplace salesman-turned-politician became known for his pet tarantula Cronus, named after the Greek god who castrated his father and ate his children, and gained a reputation for tactless comments.Here are some of Private Pike’s best moments:1. When he told Russia to “go away and shut up”At the height of Britain’s biggest diplomatic incident in a decade, Williamson acted like a petulant child having a fight with a friend from school.Asked what he would say to Russia in the aftermath of the Novichok poisoning of former Russian spy Sergei Skripal and his daughter Julia last year, the newly-anointed defence minister said: 2. When he suggested guns should be mounted on tractorsWilliamson was accused of having “lost the plot” when he made one of his more creative suggestions to solve an equipment crisis in August 2018.Facing a shortfall of £20bn in the Ministry of Defence’s equipment budget, Williamson presumably started drawing on the walls in a feverish, inspired rush of genius to hatch a plan to plug the gap. (Source: Getty)Had the plan not been shredded by military chiefs at the meeting, England could have seen an encounter with the Spanish Armada to rival the sea battles of the 16th century.5. When he got in a feud with Good Morning Britain’s Richard MadeleyFilling in on Good Morning Britain, Richard Madeley decided to derail a planned chat with Gavin Williamson about an anti-poaching drive he was on TV to promote to confront him about his “Trump-esque” comments about Russia.Despite asking Williamson four times about whether the minister regretted his language, Williamson refused to answer Madeley, leading the presenter to “terminate” the chat.The altercation played out in front of roaming African elephants at the West Midlands Safari Park in Worcestershire. Thursday 2 May 2019 12:57 pm James Warrington His ideas reportedly included mounting “really expensive” guns on tractors and buying old ferries to turn them into beach assault craft. He also wanted to disguise mobile missile defence systems as Coca-Cola lorries.3. When he was ‘heckled’ in the Commons by his own phone Addressing the House of Commons from the despatch box is a time-honoured tradition for government ministers, looking out over a sea of hostile faces as MPs wait until the least polite moment to attempt to interrupt.But Williamson’s iPhone beat members of parliament to the punch in July 2018 as he updated the House on the fight against Isis.As he spoke, his smartphone helpfully chimed in to say: “I found something on the web for ‘in Syria, Syrian democratic forces supported by…'”Speaker John Bercow labelled it a “very rum business”, and Williamson was forced to apologise. Five moments we’ll always cherish from Gavin WIlliamson’s time as defence secretary Tags: People Theresa May whatsapplast_img read more

This House divided must act with honour, stop hiding, and seek a new mandate from the people

first_imgThursday 24 October 2019 4:30 am As the US Civil War approached in 1858, a senatorial candidate for Illinois – a certain Abraham Lincoln – clearly thought so.  Utilising Mark 3:25 for inspiration, he argued that “a house divided against itself cannot stand”, pointing out that a perpetual failure to resolve a debate vital to the nation’s future would eventually dissolve the nation itself.  The only debate that matters right now is therefore whether our House divided will finally recognise the quagmire it has created, and take the only course of action honourably open to it at this point in time: to dissolve itself and allow the people to reconstitute it according to their wishes and desires.  This House divided must act with honour, stop hiding, and seek a new mandate from the people At the Prime Minister’s behest, the UK secured the great prize of freedom from the EU customs union, the great flaw in May’s plan where the UK could have been trapped within it in perpetuity.  Unlike that ill-fated venture, this deal has received initial support. But what lies ahead is the same:  a parliamentary effort to frustrate and obfuscate when it is endgame action that is urgently required.  The government has asked for this twice, only to be rebuffed by opposition claims about needing to prevent a no-deal Brexit first. With a likely EU extension of membership to 31 January now in the offing, that excuse has evaporated.  In his famous “House Divided” speech – during what proved to be a failed campaign but one that set him up for his presidential run – Lincoln decried the continued impasse within the Union between northern and southern states on the issue of slavery. whatsapp Thus it proved when the guns started firing just two years later. Alan MendozaAlan Mendoza is executive director of the Henry Jackson Society. It did not, of course, need to happen this way. Last week, Boris Johnson achieved what was commonly regarded as unachievable. Having promised never to renegotiate the deal it had agreed with Theresa May, the EU did just that.  Main image credit: Getty No negotiated deal was ever going be perfect or meet every goal of every party to it. That is the nature of compromise. But this deal proved that the EU would give ground from the absolute certainty of its previous backstop position, as long as checks and balances were instituted to give its movement into fuzzy grey areas some cover.    City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Even this deadlocked House of Commons has recognised the reality of the situation, and that this deal is about as good as it gets.  whatsappcenter_img Share But old habits of delay die hard for this set of MPs. Having perhaps surprised themselves by making serious progress, they chose to slam the brakes on just as momentum was finally building towards the exit. The government’s speedy legislative timetable was rejected, thereby virtually ensuring we will not now depart the EU on 31 October. Opinion Unionist hackles were raised by the deal requiring a de facto, if not de jure, customs border to be set up in the Irish Sea. But Northern Ireland’s population was offered a consent mechanism to prevent their being corralled into this arrangement – and continued membership of the Single Market – without their ongoing approval.  We have a House of Commons irrevocably divided. There is seemingly no end to the Brexit process in sight. And the nation is suffering because of it.  On Tuesday, for the first time since early 2017, the House made a positive statement about Brexit, providing its support for the second reading of the Withdrawal Agreement Bill. A victory that had eluded May at three times of asking had been chalked up by Boris.  The government has no majority and cannot pass major domestic initiatives. The UK is running on policy fumes from whatever remains of past legislation. And Britain’s international voice is stifled as we lack the bandwidth to intervene decisively in foreign policy issues given the intensity of the Brexit discussion. For while parliament fiddles, the country burns figuratively in terms of domestic and foreign policy being ignored.  TOPSHOT – The Houses of Parliament are reflected in a puddle of rainwater in central London on September 24, 2019 after the judgement of the court on the legality of Boris Johnson’s advice to the Queen to suspend parliament for more than a month, as the clock ticks down to Britain’s October 31 EU exit date. – British Prime Minister Boris Johnson on Tuesday said he disagreed with but would respect the Supreme Court ruling which found his decision to suspend parliament unlawful. “I have to say that I strongly disagree with what the justices have found. I don’t think that it’s right but we will go ahead and of course parliament will come back,” he told British broadcasters during a visit to New York. (Photo by Tolga AKMEN / AFP) (Photo credit should read TOLGA AKMEN/AFP/Getty Images) The people are waiting. It is time for politicians to stop hiding, and finally start taking responsibility for their actions. At times of crisis, it is sometimes tempting to seek solace in scripture. Some will say that the House is perfectly within its rights to request as much time as it wants to scrutinise legislation. But delay serves no positive purpose. All of the arguments that we will hear in the coming weeks will have been rehashed from those first heard months ago over May’s deal.  Mercifully, heated an issue though it has been, Brexit has not engendered the same level of animosity that rent the US asunder in the mid-nineteenth century. But given the antics of the past few days, when parliament again did its utmost to frustrate the progress of a timely Brexit, Lincoln’s statement once more rings true.  In short, Boris’ deal is a better deal than that of his predecessor. Unless of course the beholder is a diehard Remainer – and by extension willing to ignore the mandate of the 2016 referendum – angry at a further movement away from EU institutions and towards the reclamation of national sovereignty that this new deal represents. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistateUndolast_img read more

The Bachelor Recap: Season Fifteen, Episode 3

first_imgUncategorizedThe Bachelor Recap: Season Fifteen, Episode 3By Shayna Rose Arnold – January 19, 2011310ShareEmailFacebookTwitterPinterestReddItChris Harrison opens this episode of The Bachelor by warning the girls “it doesn’t get any easier from here. It’s only going to get more emotional.” And boy was he right. This is the episode where the fangs come out. No, really, the fangs come out. As in, Madison takes out—oh, forget it. We’ll get to that later.Ashley S., Let’s Find Our Love Song This week Brad has two one-on-one dates, and the first one goes to Ashley S., who we’ll remind you got the First Impression Rose back on night one. “The stakes are high,” says Brad. Although no, they’re not actually any higher than the stakes are on any other one-on-one, if you were wondering. For their date, Brad takes Ashley to the iconic Capital Records Building in Hollywood where they sing “Kiss From A Rose” by Seal in a recording studio over and over again until the guy in the sound booth pretends they “got it” just to get them to stop trying. Before the date, Brad jokes, “I’m sure Ashley S. will feel completely tortured.” Um, HELLO! What about US!? What about, you know, SEAL?! Speaking of Seal, turns out he’s inexplicably right down the hall singing “A Kiss From A Rose” himself, and that makes everything a little better for a bit. For dinner, Ashley and Brad head up to the building’s rooftop, where Ashley tells Brad how much the song “Kiss From A Rose” means to her, as it was the song she and her father sang before he died of an aneurism. It’s a little heavy, sure, but Brad thinks Ashley’s “the whole package,” so he gives her the rose and then—after a pretty awkward hug—the kiss she’d been waiting for all day.Love Hurts Next Brad takes Lindsay, Chantal, Alli, Britt, Kimberly, Sarah, Shawntel, Ashley H., Lisa, Stacey, Marissa, and Michelle on a group date to film an action adventure flick.Michelle, who I’m now certain is trying to out-creep last season’s Craig M., puts it like this: “The card says ‘Love Hurts.’ What really hurts is being on this group date with all these other women.”And also like this: “I am so sick and tired of spending my days with other women.”And, for good measure, also like this: “I wish some of these ninjas would just kidnap some of these other girls, throw a bag over their heads, and take them off and just haul them to the desert.”Alli, who has jammed herself into a damn good sports bra for the occasion, puts the situation back into perspective. “Pitt stains are not hot.”Still, it’s Shawntel who, in Brad’s opinion, gives their fake acting project the most, and he thanks her by making out with her in front of the other women. Michelle covers her eyes with not one, but two strands of her hair.Then they are all off to a wrap party for the shoot, where Brad says he is grateful for the chance to have been physically active with all of the women (but not like that!) and the group commences with the three most popular Bachelor pastimes: swimming, drinking, and crying!First in line for crying is Chantal, who pulls Brad aside to tell him how hard it is to be on a reality show. Oh, and about how she unexpectedly lost her dad.You know, someone could really do an in-depth study of the women who come onto The Bachelor after losing or losing touch with their fathers. There are just so many of them, the results might actually be revealing. Oh, sorry, no, I meant someone else.Anyways, after having his first kiss with Michelle (who interrupted a doozey of a conversation that he was having with Alli about sexual chemistry) Brad gives Shawntel the rose. “This is a huge step in our relationship,” she says.Or, as Michelle sees it, “Soon enough it will be over and they will be gone and it will just be me and Brad in Tahiti, practicing making babies.”Emily, Love is IntoxicatingFor his second on-one-one date Brad flies—yes, flies!—The Classiest Woman Ever to Appear on The Bachelor to wine country. There, in the middle of a vineyard, he tries to figure out who Emily is. “I’m just like everybody,” she tells him between small, hesitant sips of wine. “When I’m tired, I get grumpy. Same things like everybody else.” Thankfully for Brad, for Emily, and for everyone at ABC, the conversation picks up once Brad and Emily move into a candlelit barn for dinner.There Emily tells Brad how she lost her fiancé in a plane crash that she herself narrowly avoided just days before finding out that she was pregnant when she was just 18. And she does it with dry eyes. For that, Emily gets the rose and a really sweet kiss from Brad. At least, I think that’s what happened. I’m not sure because I lost a few minutes wiping away tears.It’s time for a cocktail party, but first Brad gets a very boring expensive helpful visit from his therapist, who tells him that the key to falling in love is staying open.Back at the mansion, Brad does his best to have quality time with each of the women, Michelle does her best to interrupt him, Brad gets a kick out of saying “I kissed two Shawntels!” and Madison drops a bomb: she’s been doing the one thing no one on a reality TV dating show should ever do: She’s been thinking.Which leads her to do something else people on reality TV dating shows usually don’t do: She gets real. She takes her fake fangs out and puts them—along with her feelings—on the table. She tells Brad she doesn’t want to compete for his affection when Emily clearly needs and deserves it more than she does. Brad does his best to encourage Madison to think instead only of herself, but to little avail. The tragic irony, of course, is that Emily ALREADY HAS A ROSE. Alas, no one thought of that…Rose CeremonyReceives a rose: Michelle, Chantal, Lisa, Jackie, Ashley H., Marissa, Britt, Alli, Lindsay, Meghan, StaceySays goodbye: Kimberly, Sarah, and Madison, who takes herself out of the runningSee you next week!        TAGS2011January 2011L.A. CulturePrevious articleThe Breakfast Conversation: Alejandro MayorkasNext articleBack to the DesertShayna Rose Arnold RELATED ARTICLESMORE FROM AUTHORFollow in Pee-wee Herman’s Footsteps Across L.A.What Defines a Successful Immigrant?The Undocumented Immigrants Who Are Redefining ‘American’last_img read more

Home building unlikely to reach pre-recession levels this year

first_img Home building unlikely to reach pre-recession levels this year The prospects for UK house building are grim, according to a survey of homebuilders published yesterday by estate agents Knight Frank.Only nine per cent of home builders said it was possible to build more than 200,000 residential units a year. The maximum number that could be built was around 180,000 or less, according to 67 per cent of respondents. Pre-recession building exceeded 200,000 units while Britain’s lack of housing supply growth has resulted in declining affordability, economists say.The majority of builders believed the most effective way to boost building would be to provide additional resources to local planning departments and improve skills training for the industry. Other steps the government could take would be to improve access to public sector land and loosening the rules on development on Green Belt land, builders said. Share Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLivestlyThe Best Redhead Actresses, RankedLivestlyTotal Battle – Tactical Game OnlineThe Most Addictive Strategy Game of 2021Total Battle – Tactical Game Onlinecenter_img whatsapp Express KCS Monday 27 April 2015 9:17 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 ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofWhat is ‘Ranked-Choice Voting,’ the New System for New York’s MayoralFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily Proof Tags: NULLlast_img read more

Non-farm payroll: US jobs growth weakens in August leaving Federal Reserve rate hike uncertain

first_img Non-farm payroll: US jobs growth weakens in August leaving Federal Reserve rate hike uncertain Weeks of global market turmoil have taken their toll on US job growth, after the number of new jobs created dipped to its lowest level since March, leaving the Federal Reserve with a rate hike dilemma on its hands.Employment increased by 173,000 in August, show non-farm payroll figures released by the US Department of Labour today. The figure is down from a high of around 250,000 earlier this summer.Analysts said the weak figures are unlikely to assuage market fears after the turbulence of Black Monday, as Marcus Bullus, trading director at MB Capital, said:The August figure is an unconvincing start to the fall and will trigger even more concern in the markets about the state of the global economy.The Fed, expected to make a decision on a possible US rate hike later this September, faces a tricky choice following this slew of weakening economic data:The weaker than expected data certainly makes the prospect of an imminent rate rise far less likely. The dollar will almost certainly take a hit. Clara Guibourg whatsapp whatsapp Show Comments ▼ Share Friday 4 September 2015 5:07 pm More From Our Partners White House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against Tags: Federal Reservelast_img read more

Premium / Analysis: takeover means ‘a great deal’ to Panalpina; has DSV weighed the risks?

first_img Please either REGISTER or login below to continue Please Login New Premium subscriber REGISTER Premium subscriber LOGIN © Artisticco Llc Reset There were two hot topics for debate on Monday for those lucky enough to be on the DSV/Panalpina takeover conference call: hard synergy targets; and what, specifically, the Sfr4.7bn deal would mean for PAN employees.On both counts, disillusion swiftly ensued, as soon as the Q&A session started.Pleased with that?The performance of the DSV executive team on the call to financial analysts was hardly pleasing – although, admittedly, given the usual fanfare and overstated targets when jumbo deals of this kind … Email* Email*center_img Forgotten your password? Please click here Password* << Go back LOGIN Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium Reset Your Password By Alessandro Pasetti 02/04/2019last_img read more

Consumer group calls for more scrutiny of credit card loyalty programs

Share this article and your comments with peers on social media Some banks offer reduced credit card interest rate for clients affected by virus Related news Yet, it says that there is little in the way of consumer protection where these programs are concerned. For example, the report points out that consumers have little recourse when loyalty program providers unilaterally decide to devalue their loyalty currency, or change the terms and conditions of these programs. As a result, it recommends that industry-wide guidelines be introduced relating to loyalty currency devaluation. It also recommends that there should be a complaints body for consumers on issues relating to loyalty programs; that there should be guidelines regarding the notice required when the terms of loyalty programs are changed, and covering the handling of consumer data after they withdraw from a loyalty program. It also says there should be standards governing the transfer of loyalty program currency; that the Financial Consumer Agency of Canada (FCAC), or other federal agency, should be assigned to evaluate and rate credit card vehicles associated with loyalty programs; and that loyalty program operations should be covered by the Financial Consumer Code of Conduct that was announced in the last federal budget. “PIAC is calling on policy makers to define ‘loyalty currency’ as a form of non-cash payment, with the intention of having loyalty currency enjoy protections similar to other forms of payment under the payments system in Canada,” said John Lawford, executive director of the PIAC. Facebook LinkedIn Twitter A new report from a consumer advocacy group calls for greater oversight of the loyalty programs that credit card companies and banks use to entice customers. The report released Wednesday from the Public Interest Advocacy Centre (PIAC) says that consumers need more protection when it comes to these loyalty programs, which, it says, are often a primary factor in consumers deciding between credit cards. These programs are a significant revenue generator for banks, and consumers are exchanging valuable personal data about their spending habits for these loyalty rewards, the report notes. One in five Canadians will need to liquidate an asset to pay for debt: survey James Langton Keywords Credit cards Consumer debt driven by new mortgages, but credit card debt at six-year low read more

OSFI issues final guideline on Basel III liquidity requirements

first_imgJames Langton Keywords Basel Capital AccordCompanies Office of the Superintendent of Financial Institutions How should banks allocate capital for crypto? Under the new regime, a liquidity coverage ratio (LCR) requirement will be introduced on Jan. 1, 2015. The implementation date for filing data supporting some of the other liquidity monitoring tools is also set for January 2015. OSFI says that it believes that Canadian banks are “well positioned” to meet the new minimum LCR requirement in advance of January 2015, and do not require any additional phase-in period. The implementation of other aspects of the new liquidity requirements, such as intraday liquidity monitoring tools and the imposition of the Net Stable Funding Ratio (NSFR) requirement will follow the Basel implementation timelines, OSFI notes. Federal banking regulators issued the final version of their guideline setting liquidity requirements for banks as part of the new Basel III capital regime. The Office of the Superintendent of Financial Institutions (OSFI) Friday published the final version of its guideline establishing the framework that it will use to assess whether a bank is maintaining adequate liquidity. The guidance implements measures adopted by the Basel Committee on Banking Supervision (BCBS) in the wake of the financial crisis. Bitcoin should face tough capital rules, Basel Committee sayscenter_img Translating climate risks into financial risks takes work Related news Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more