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IRISH BAILOUT FAILS TO CHEER INVESTORS

first_img whatsapp Tags: NULL 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity 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 Farm Markets fall and bond yields continue to riseCowen resists snap election call ahead of budgetUK confirms intention to offer £7bn in loansMARKET turmoil failed to subside yesterday in spite of the announcement of a multi-billion euro Irish bailout.As the Irish governing coalition threatened to fall apart and independent MPs said they would vote against the emergency budget needed to secure the aid, investors fled stocks and the yields on peripheral Eurozone sovereign debt rose.Despite initially rallying, the Eurostoxx 50 fell two per cent to close at 2,811 yesterday, while the Irish ISEQ?20 index dropped 1.9 per cent to close at 445 and the FTSE 100 closed down 1.7 per cent at 5,683.The yield on European government bonds rose, reflecting that most buyers were not reassured by Ireland’s application for cash. Irish 10-year gilt yields rose to 8.1 per cent, Spanish 10-year gilt yields closed up at 4.74 per cent and Portuguese 10-year yields closed down at 6.72 per cent having risen from a low of 6.7 per cent.The cost of insuring Eurozone debt also jumped in response to renewed uncertainty about Ireland’s fate. Five-year credit default swaps (CDS) rose 25 basis points to 530bps (a cost of €530,000 or £453,000, to insure €10m of debt) and Portuguese five-year CDS rose 40bps to 460bps. Traders also dumped the euro, with the single currency falling against sterling from 86p to 85p and against the greenback from $1.38 to $1.36.Market fears were driven by the bailout’s political fallout, which threatened to spiral out of control yesterday. Rebel independent MPs said they may withdraw support for Ireland’s austerity budget – a necessary precondition of the European bailout.With the governing coalition having a majority of just three and upcoming by-elections liable to wipe out even this advantage, the defection of several independents could threaten its ability to pass the controversial emergency budget due in early December. Failure to pass the budget for 2011, which is to make €6bn worth of cuts, would hasten the likely inevitable demise of embattled Prime Minister Brian Cowen.And in a further blow, coalition partner the Green Party dramatically announced it will walk away from the partnership, calling for a general election in January to oust the PM.The Greens say they will still back the austerity measures but even this will not guarantee their success if the government loses the impending by-elections.Analysts believe a complete collapse of the rescue package is unlikely, however, as opposition Labour and Fine Gael MPs are also desperate to see the deal go through and would almost certainly allow the austerity bill to be passed. In a worst-case scenario, in which the bill is rejected and the government collapses, it is understood Europe will allow time for a new government to be formed rather than completely withdrawing the bailout package.Last night, Cowen vowed to soldier on until the bill is passed but said he would then call an election. He said: “It has always been my intention to ensure we get the job done… It is my intention at the conclusion of this budgetary process… to seek the dissolution of [parliament] to enable the people to determine who should undertake the responsibilities of government.”The developments have left Portugal looking particularly exposed, with bears fearing it could be the next Eurozone domino to fall.Prime Minister Jose Socrates was defiant, claiming: “The country does not need any help,” but markets reacted negatively, raising the cost of insuring its debt by 40 basis points.Greece was also hit hard, with credit default swaps on Greek government debt rising to over 1,000 basis points, meaning bond-holders will have to pay more than €1m to insure €10m of its debt for five years.Chancellor George Osborne confirmed yesterday the UK would commit around £7bn to the Irish rescue. IRISH BAILOUT FAILS TO CHEER INVESTORS Share Monday 22 November 2010 8:54 pm KCS-content whatsapplast_img read more

Portugal sells €1bn in bonds

first_imghigher than the level at which Greece and Ireland had sought bailouts. “This is not sustainable,” he said,Portugal also held a reverse auction to buy back bonds maturing in April and June yesterday, repurchasing €14m worth of the June issue. Portugal sells €1bn in bonds whatsapp Wednesday 9 March 2011 9:00 pm KCS-content PORTUGAL edged closer to an EU bailout as its two-year cost of borrowing on a €1bn (£861m) bond sale surged yesterday.The Portuguese government sold the 5.45 per cent bond, which matures in 2013, at a yield of 5.993 per cent. The cost was almost 200 basis points higher than the 4.086 per cent yield from its last sale of two-year bonds in September.The heavily-indebted nation, which has €4.3bn of bonds due for repayment in April, denied that it would need to seek EU support.“These are rates that are not sustainable in the longer term, but they are still bearable at the moment,” Portuguese Treasury secretary Carlos Pina said. Portugal “does not need external help”, he said. Bids for the bond exceeded supply by 1.6 times, down from 1.9 on September’s issue.But Evolution Securities analyst Elisabeth Afseth said most people considered a bailout “a done deal”. “It has not been agreed by politicians but as far as the market is concerned it is widely expected that it will emerge at some point,” she said. CMC Markets analyst Michael Hewson said Portugal’s ten-year borrowing cost was 7.7 per cent, which he described as “not sustainable”.center_img Share whatsapp Tags: NULL Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wraplast_img read more

Kapchorua Tea Company Limited (KAPC.ke) 2015 Annual Report

first_imgKapchorua Tea Company Limited (KAPC.ke) listed on the Nairobi Securities Exchange under the Agricultural sector has released it’s 2015 annual report.For more information about Kapchorua Tea Company Limited (KAPC.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Kapchorua Tea Company Limited (KAPC.ke) company page on AfricanFinancials.Document: Kapchorua Tea Company Limited (KAPC.ke)  2015 annual report.Company ProfileKapchorua Tea Company Limited grows tea in Kenya and manufactures and sells tea products under the brand name Williamson Tea. The company also has interests in forestry. Formerly known as Kapchorua Tea Company Limited, the company changed its name to Kapchorua Tea Kenya Plc in 2017. Its head office and operations are in Nandi Hills, Kenya. Kapchorua Tea Company Limited is listed on the Nairobi Securities Exchangelast_img read more

Centum Investment Company Limited (CENT.ug) HY2016 Presentation

first_imgCentum Investment Company Limited (CENT.ug) listed on the Uganda Securities Exchange under the Investment sector has released it’s 2016 presentation results for the half year.For more information about Centum Investment Company Limited (CENT.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Centum Investment Company Limited (CENT.ug) company page on AfricanFinancials.Document: Centum Investment Company Limited (CENT.ug)  2016 presentation results for the half year.Company ProfileCentum Investment Company Limited is a Kenyan-based private equity firm specialising in providing investment opportunities for public and private companies in Uganda. This includes managing investment growth, development capital and buyouts. The private equity firm invests in companies which serve the needs of the domestic markets in sub-Saharan Africa and invests in both listed and non-listed companies in various sectors, including; banking, insurance, education, healthcare, energy, agriculture, industrial production, telecommunications, real estate, beverage manufacturing, automotive assembly, in-flight catering and dry-cell manufacturing. Investments in commercial services include Mumias Sugar Company Limited, Kenya Airways and Carbacid Investment Company. Centum Investment Company was founded in 1967 and is based in Nairobi, Kenya. Centum Investment Company Limited is listed on the Uganda Securities Exchangelast_img read more

Kenya Commercial Bank Limited Group (KCB.ug) 2019 Annual Report

first_imgKenya Commercial Bank Limited Group (KCB.ug) listed on the Uganda Securities Exchange under the Banking sector has released it’s 2019 annual report.For more information about Kenya Commercial Bank Limited Group (KCB.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited Group (KCB.ug) company page on AfricanFinancials.Document: Kenya Commercial Bank Limited Group (KCB.ug)  2019 annual report.Company ProfileKenya Commercial Bank Limited (KCB Group) is a leading financial institution offering retail and corporate banking services in Uganda through its subsidiary company. KCB Group offers financial solutions ranging from current accounts, overdrafts and loans to fixed and short-term deposits, mortgage finance, trade finance and forex, and business investment accounts. The banking institution participates in investments in treasury bills and bonds with the central banks. Wholly-owned subsidiaries in the banking group include Kenya Commercial Finance Company Limited, Savings & Loan Kenya Limited, Kenya Commercial Bank Nominees Limited, Kencom House Limited, KCB Tanzania Limited, KCB Sudan Limited, KCB Rwanda SA and KCB Uganda Limited. Kenya Commercial Bank Limited is listed on the Uganda Securities Exchangelast_img read more

UK Fundraising featured in The Guardian

UK Fundraising’s Howard Lake is quoted in today’s story in the Guardian concerning FirstCheque 2000. “Creative initiatives like this are one way of standing out from the millennium crowd, according to Howard Lake, of specialist consultancy UK Fundraising. ‘Charities have got to be different and innovative in their campaigns.’Read One thing still springs eternal by Liz Ramrayka in The Guardian.  25 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Advertisement Tagged with: Recruitment / people Howard Lake | 15 December 1999 | News UK Fundraising featured in The Guardian About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. read more

‘In Violation of Prison Rules, Jail Officials Privy To Legal Interviews With Counsel’: Pinjra Tod Member Natasha Narwal Tells Delhi HC

first_imgNews Updates’In Violation of Prison Rules, Jail Officials Privy To Legal Interviews With Counsel’: Pinjra Tod Member Natasha Narwal Tells Delhi HC Karan Tripathi29 Jun 2020 4:52 AMShare This – xPinjra Tod member Natasha Narwal who is facing charges under UAPA for FIRs registered against her concerning the Delhi riots, told the Delhi High Court on Monday that contrary to prison rules, jail officials are being made privy to her privileged communication with her counsel. While giving the said information to the Single Bench of Justice C Hari Shankar, Narwal also submitted that she…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginPinjra Tod member Natasha Narwal who is facing charges under UAPA for FIRs registered against her concerning the Delhi riots, told the Delhi High Court on Monday that contrary to prison rules, jail officials are being made privy to her privileged communication with her counsel. While giving the said information to the Single Bench of Justice C Hari Shankar, Narwal also submitted that she needs more books and extended video conferencing time as the prison rules do permit special provisions for women. The matter pertains to a writ petition moved by Pinjra Tod member Natasha Narwal seeking a direction to be issued to the Tihar Superintendent to allow her daily meeting with her counsel through video conferencing. Today, The Delhi Government in its status report submitted the following: a. The Petitioner has made calls to her family members 8 times so far b. the allegation of violence no longer stands as the normalcy has been restored in the concerned jail c. books have been provided to the Petitioner d. Video Conferencing facility has been provided to the Petitioner as per the Delhi Prison Rules 2018, which is twice a week. Mr Adit S Pujari who appeared for the Petitioner, submitted that as per Rule 627 of the Delhi Prison Rules, interviews with legal representatives have to be within sight but out of the hearing of prison officials. It was argued that jail officials are currently privy to the conversations taking place between the Petitioner and her legal counsel. Therefore, the court must ensure compliance with Rule 627 in order to make sure that the jail officials are not able to hear the legal interviews of the Petitioner. ‘The Petitioner is an accused under FIRs registered for Delhi riots. She’s scared to move applications or discuss further course of action as jail officials are privy to get interviews’, Mr Pujari submitted. In addition to this, the Petitioner also sought extension of time granted for video conferencing by citing special provisions for female prisoners under Rule 1516 of the Delhi Prison Rules. Instead of two calls of 15 minutes each, the Petitioner seeks two calls of 30 minutes each. ‘The Petitioner has two FIRs against her, she should be given more time for her legall interviews’, Mr Pujari argued. The court will next take up the matter on June 30. Next Storylast_img read more

Key to development centre success is in the follow-up work

first_imgNewresearch confirms the benefits of management training, but HR teams must becomemore involvedThedebate surrounding development centres is a timely one. As Personnel Todayreported (Features, 7 August), there are valid concerns about designing eventsthat reflect modern working practices, meet organisational goals and engageindividuals and managers.Butthe discussion also focuses employers’ attention on the need to maximise thepotentialof their development programmes. Toan extent the use of development centres has been an act of faith, since therehas been little evaluation of their impact on managers and organisations. Thiswas something occupational psychologists Pearn Kandola set out to address in arecent study run with the Institute of Work Psychology in Sheffield. Researchwas carried out in a major multinational organisation and was based on theresponses of about 120 managers from operating companies who had attendedmanagement development centres in the previous four years. During the eventsthey completed 360-degree feedback and were assessed by our psychologists. Thesurvey results reflected some criticisms already voiced, highlighting the needfor better follow-up procedures. But there was also evidence of a positiveimpact on motivation, retention and performance. Thefindings established a link between the management development centres andstaff retention. The average annualised turnover among those attending thecentres was significantly lower (30 per cent) than in the organisation’sgeneral management population. Although the attendees were picked out asmanagers with  potential which may havehad a bearing, the fact that participants were more likely to stay did point toimproved staff retention.Interms of the fit of a person to an organisation, the management developmentcentre ratings of those leaving an organisation were not significantlydifferent from those remaining. But there were differences in their profiles:leavers tended to be younger, had spent less time in the company and receivedlower 360-degree feedback ratings. Thepsychologists assessed the effect on business performance by analysing salesper employee by company both before and after the development centre programmestarted. The proportion of participants sent by each operating company hadlittle effect, but the indications were that management development centreswere likely to lead to better performance. Fromthe data we could also identify the competencies associated with increasedproductivity. But the best indicator of good financial performance was apositive 360-degree appraisal by colleagues.Sofar so good. But it was when managers were asked about the effect of the centreon their own development that concerns began to emerge. On the plus side,respondents reported significant improvements in work attitude, insight and jobperformance. More than 40 per cent said they had a better understanding oftheir strengths and weaknesses, with more than three-quarters preparing personaldevelopment plans.  Butthe results also showed that any development work did not increase. This waspartly attributed to time pressures and other work priorities, but the mostcommon reason managers gave was lack of support after the centre.Unlesswe address these issues, the return on investment from management developmentcentres will continue to fall short. The solution lies in implementing eventsaround best practice. It is up to HR management to brief supervisors on theirrole both in preparing and coaching participants, to organise seminars afterthe events and involve themselves, other managers and external consultants, ifappropriate. Ourjob as service providers is to ensure that professionals are equipped with theskills to achieve this. Managementdevelopment centres clearly offer important business benefits. But it is theway they are run and followed up, and the quality and purpose of the overallprocess in which they are embedded that determines their true value and ensuresthat they fulfil their ultimate purpose – developing people’s potential.ByBinna Kandola, a partner with Pearn Kandola, occupational psychologistsspecialising in assessment, development and diversity Comments are closed. Key to development centre success is in the follow-up workOn 4 Sep 2001 in Personnel Today Previous Article Next Article Related posts:No related photos.last_img read more

USA: Jacksonville Recognizes Sailor for Heroic Actions

first_img View post tag: Jacksonville Authorities USA: Jacksonville Recognizes Sailor for Heroic Actions December 4, 2012 A Sailor from Patrol Squadron (VP) 30 was recognized by the City of Jacksonville Nov. 30 for his heroic actions.Naval Aircrewman (Mechanical) Airman Brett Parks was presented a proclamation from Victor Guillory, director of Military Affairs, Veterans and Disabled Services Department on behalf of Jacksonville Mayor Alvin Brown.The proclamation designates Dec. 5 as “Brett Parks Day” to pay tribute to Parks who was shot while coming to the assistance of a robbery suspect in October.Since then, Parks has been hospitalized at Shands Jacksonville Medical Center recovering from his life-threatening wounds which have resulted in the loss of a kidney and part of his right leg. He hopes to be transferred to the Tampa VA Hospital this week to continue his rehabilitation process and receive his prosthetic.While telling his story, Parks said he does not consider himself a “hero.”“I didn’t look at what I was doing as heroic – it’s just something that you do. I just heard a man screaming for help and I ran over there. The man attacking him ran so I chased after him. I stopped him but didn’t see a gun. A couple seconds later, he shot me and I fell,” said Parks, a native of Miami, who joined the Navy in 2008.Emergency personnel quickly transported Parks to the hospital where he has since undergone numerous surgeries to save his life. The gunshot wound damaged a major artery incurring a great loss of blood. During his ordeal, Parks has required nearly 80 pints of blood. With his family, friends and co-workers rallying by his side, Parks is making strides towards his recovery. “I’m really excited to be going to rehab in Tampa and get my prosthetic. The support I’ve received from everyone is really overwhelming and humbling,” he continued.Parks said he is also thrilled that he and his wife, Susan are expecting their second child in early December. “We have a 1-year-old son, Jason and now we are having a little girl,” he said.After receiving the proclamation which was read by Guillory in front of his family and shipmates, Parks stated. “This is very humbling and overwhelming. All I did was try to help someone. Thank you so much. I just praise God for getting me through this. From what I hear 99.6 percent of those with my injury don’t make it and I did. I’ve had incredible nurses and doctors. They saved my life and I am so grateful I’m still here for my family,” he added. “I’d also like to thank my co-workers for being by my side. I really appreciate them helping us with whatever we’ve needed.”A member of VP-30 for almost two years, he is known as a dedicated Sailor and fitness enthusiast who works as a personal trainer in his free time. “I came in the Navy to be a rescue swimmer – I wanted to help people. Unfortunately, I broke my foot and couldn’t complete the course. Then I got married and my priorities changed. And with this happening, I’m not sure where our future lies. I am thinking about doing some motivational speaking,” said Parks.The incident also highlighted the importance of blood donations within the community. VP-30 held a blood drive Nov. 21, collecting 78 pints of blood.[mappress]Naval Today Staff, December, 2012 Share this article View post tag: Naval View post tag: Recognizescenter_img View post tag: Navy View post tag: Heroic View post tag: News by topic View post tag: Actions View post tag: Sailor Back to overview,Home naval-today USA: Jacksonville Recognizes Sailor for Heroic Actions last_img read more

Funding in line for plan to double-track South Shore Line

first_img Twitter WhatsApp Google+ IndianaLocalNews Google+ Facebook Pinterest Twitter Facebook By Network Indiana – January 9, 2021 0 572 (Tommie Lee/95.3 MNC) A project to double-track 26-miles of railroad between Michigan City and Gary is getting a big swath of money thrown at it from the federal government.The South Shore double-tracking project is getting $173 million for the installation of a second main-line track, improvements at five stations, over 1,300 new parking spaces at platforms, and nine new platforms.“This has been a game-changing infrastructure priority for Indiana for many years, so naturally I am thrilled that our efforts have helped secure the full amount of federal funding required to complete the South Shore Line Double Track Project,” said Sen. Todd Young.“Now, with its expected economic impact of $3 billion by 2048 and the creation of more than 6,000 new jobs, the completion of this and other Northwest Indiana infrastructure projects will benefit Hoosiers for years to come.”The Shout Shore Rail line is a railroad in northern Indiana that connects Chicago to South Bend, with several stops in between in Michigan City, Gary, and Hammond, with a planned expansion for a stop in Dyer as well.It’s a critical source of transportation for many Hoosiers in northern Indiana who work in Chicago. Pinterest Funding in line for plan to double-track South Shore Line WhatsApp Previous articleSouth Bend council members, city clerk issue statement regarding Capitol Hill violenceNext articleBerrien County health leaders ask for patience regarding COVID-19 vaccine distribution Network Indianalast_img read more