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Melrose reports profits surge

first_img KCS-content whatsapp Melrose reports profits surge Tuesday 17 August 2010 8:10 pm whatsapp 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Scottish oil and gas producer Melrose Resources increased first half pre-tax profit by 32 per cent. The firm posted a $26.2m (£16.7m) profit compared with $19.8m in the first half of 2009. Revenue increased 13 per cent to $110m from $97.5m, largely driven by a steady rise in oil prices. The group, which has operations in Turkey, Romania and Egypt, said it is continuing the development of its recent discoveries in the Bulgarian waters of the western Black Sea, and expects production to follow in October. It also said it was confident of achieving its production view of 40,000 barrels of oil equivalent per day for 2010. Earnings per share for the half year were 3.5p, more than double the earnings in the prior year period. Share Show Comments ▼ Tags: NULLlast_img read more

Fed’s Hoenig: Reform to hit smaller banks

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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Fed’s Hoenig: Reform to hit smaller banks KCS-content whatsapp KANSAS City Federal Reserve Bank President Thomas Hoenig warned yesterday that landmark financial reforms may not end market perceptions that taxpayers will rescue the largest banks and cautioned against speculative investments in housing.Hoenig, testifying at a field hearing of the US House of Representatives Subcommittee on Oversight and Investigations, said larger banks perceived as “too big to fail” have a lower cost of capital, putting smaller banks at a competitive disadvantage and threatening their business model.The Dodd-Frank Wall Street Reform and Consumer Protection Act intended to end Wall Street bailouts by giving regulators a mechanism to seize and shut down failing large institutions in much the same manner as the Federal Deposit Insurance Corp can shut down smaller banks.Hoenig said it was not yet clear whether the reform act would put big and small banks on an equal footing.“That can only happen if markets are absolutely convinced that too big to fail has finally been ended and only time will tell. It’s an open question,” he told the hearing.Hoenig, the Fed’s lone policy dissenter in recent months, did not address the US central bank’s outlook on the economy nor monetary policy matters. He voted against the Fed’s decision earlier this month to reinvest funds from maturing mortgage-backed securities into Treasury debt to help push down mortgage interest rates further, citing a gradual improvement in the economy.He also told the House panel that housing was not suitable for speculative investments by consumers. Monday 23 August 2010 7:45 pm Sharecenter_img Tags: NULL Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd whatsapplast_img read more

Persimmon to pay dividend on sales rise

first_imgTuesday 24 August 2010 7:52 pm Share More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ HOUSEBUILDER Persimmon resumed interim dividend payments on the back of a return to pre-tax profit yesterday, while the chief executive remained confident the firm can ride out turbulence in the market. “We are 95 per cent sold up on our targets for the year, so I’m reasonably happy about our position,” said chief executive Mike Farley. Persimmon’s underlying pre-tax profit for the six months to July was £39.4m, up from a loss of £16.7m in the same period last year. Revenue rose 27 per cent to £776.6m, thanks in part to a 16 per cent rise in sales.The rise in house prices has also aided the company’s figures, with its average selling price rising 8.6 per cent on last year to almost £169,000. Farley said just three per cent of this was due to underlying growth in house values, with the rest coming from a shift to more traditional homes after several years where cheaper apartments dominated. “We were pushed by planning permission into building more flats than we would have preferred to in previous years,” said Farley. “Now we are getting broader planning permissions granted, which is great news as people prefer to live in houses.” The firm has reinstated its interim dividend, paying out 3p per share. “Whereas Bovis talked about maybe reinstating the dividend if conditions continue, Persimmon has gone one step further and re-instated the interim dividend, which in our mind is a clear sign of confidence.” said Anthony Codling at JP Morgan.Shares closed 0.4 per cent at 348.1p, struggling to pick up from a 15-month low on Monday. Sentiment in property firms remains low following reports of a 27 per cent fall in home sales in the US yesterday. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd KCS-content center_img Persimmon to pay dividend on sales rise whatsapp Tags: NULL whatsapplast_img read more

BARCAP WINS BRAGGING RIGHTS IN A SQUARE MILE RELAY VICTORY

first_img Share Tags: NULL KCS-content whatsapp Thursday 9 September 2010 8:25 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia BARCAP WINS BRAGGING RIGHTS IN A SQUARE MILE RELAY VICTORY whatsapp TO THE heart of London’s financial community last night for one of the most eagerly-anticipated competitive moments of the year – the annual Bloomberg Square Mile Relay.No less than 100 teams of ten runners thronged the streets to take part in the relay, after months of boot camp-style training regimes to win bragging rights over their City rivals.Since the event’s inception in 2007, the crown has been passed between Legal & General and Barclays Capital, with the latter taking the honours last year by a minute and a half.This year saw a bit of a shake-up at the top – BarCap remained king of the track, storming in to win with a combined time of 47 minutes and 45 seconds, but Macquarie pinched the runner-up spot ahead of Legal & General in third place.BarCap captain Stephen Whitehead said the team, including David Peters, John Kettle, Nick Altmann and Andrew Lawrence, had been kept on their toes by Macquarie and were “delighted” with the result.STUNT RUNJaded City types looking for a flight of escapism this weekend need not even leave the confines of the Square Mile. Word reaches The Capitalist of preparations for a movie crew to descend upon the area around St Paul’s on Sunday, ready to capture a few daredevil stunts on camera for the forthcoming second Johnny English film.Celebrity-spotters hoping to catch a glimpse of comedian Rowan Atkinson in action might be disappointed, though – the stunts in question sound far too treacherous to be entrusted to a precious actor.According to leaflets dropped around the area yesterday, the scene being filmed constitutes motorbikes and cars haring after Johnny as he manoeuvres a motorised wheelchair from Carter Lane onto Ludgate Broadway. Residents have been warned not to panic if they spot clouds of smoke or the dummy handguns being carried by two characters posing as agents.LOAD OF BULLBull semen group Genus – a company which can always be relied upon to bring a childish chuckle to those trawling through endless RNS announcements of a morning – has a new chairman. The lucky fellow, Bob Lawson, ambles over from rather more conventional pastures – recruiter Hays, to be exact, where he will shortly retire as chairman. Apparently, the prospect of the move leaves him suitably “excited”.SWEET TOOTHTo a breakfast seminar yesterday morning to discuss the consultation on proposed alterations to the Takeover Code, where pearls of wisdom were imparted by distinguished speakers including Centrica chairman Roger Carr, Slaughter & May partner Stephen Cooke, Herbert Smith partner David Paterson and Morgan Stanley investment banker Suniti Chauhan.Carr, of course, is something of a veteran in the M&A arena, having most recently extracted 840p per share from consumer goods giant Kraft for Cadbury, where he was chairman up until February.Cooke, meanwhile, was also heavily involved in the takeover, advising Carr and the board on their defence. Perhaps, in light of their combined experience, organisers MergerMarket might have thought to provide a Dairy Milk for all participants instead of a packet of Starburst chewy sweets?“I see we’ve been brought to you today courtesy of the Wrigley company,” noted Cooke, wryly.WOMAN’S WORLDAn astonishing find, courtesy of blogger David Xia over the pond, who’s unearthed a laminated card with, er, advice for ladies looking to get ahead in the business world. Apparently, the card was found lying around on a desk in HR at Citigroup in the States – with ten tips for women on what NOT to do to “sabotage” their careers.“1. Women tend to speak softly – you are not heard,” the list begins. “2. Women groom in public – emphasises your femininity and deemphasises your capability. 3. Women sit demurely – the power position when seated at a table is forearms resting on a table and resting forward…”On and on goes the list, from asking permission, to apologising, to smiling inappropriately and not offering “one good pump” as a handshake. If any creative ladies out there feel like composing a comeback with gems of similarly clichéd advice for the gents – testicle-scratching, expletive-laden outbursts of anger and all – The Capitalist is sure those HR gurus would be only too happy to pass them on to the male contingent.SIX IN THE CITYAnd finally, while many of their colleagues sweated it out in their running shoes yesterday, teams from Linklaters, Deutsche Bank, Ashurst, M&G Investments and PwC, among others, were at the crease battling it out for supremacy on the cricket pitch at the annual “Six in the City tournament”.Kudos goes to Linklaters, captained by Chris Allfrey, which beat M&G in the finals. last_img read more

European Investment Bank will lend £250m to improve liquid gas network

first_img whatsapp KCS-content Wednesday 22 September 2010 7:41 pm European Investment Bank will lend £250m to improve liquid gas network whatsapp Sharecenter_img Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com The European Investment Bank (EIB) is to lend £250m to upgrade UK gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks, the EIB said yesterday.The two companies, wholly owned by Scotia Gas Networks, will get £150m and £100m respectively to replace old pipes and lay new pipelines.The three-year upgrade programme will run to 2013, helping connect remote parts of Scotland, while also catering for higher capacity requirements at peak times.“This project complements EIB financing of LNG storage facilities at key UK facilities,” said Simon Brooks, EIB vice president responsible for the United Kingdom.The EIB – the long-term lending arm of the European Union – said the grid upgrades should ensure the maintenance of a safe and reliable service for existing customers, as well as catering for increased gas storage and peak supply requirements.Britain is becoming increasingly reliant on imported liquefied natural gas (LNG) being brought into southern England and Wales and pumped around a gas network which was largely designed to handle gas from the UK’s own North Sea fields. last_img read more

Embattled Symbian boosted by 11 new Japanese handsets

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Show Comments ▼ whatsapp Embattled Symbian boosted by 11 new Japanese handsets Tuesday 9 November 2010 8:12 pmcenter_img KCS-content whatsapp Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap IN A rare show of support for Nokia’s embattled smartphone operating system Symbian, Japan’s Fujitsu and Sharp yesterday unveiled 11 new handsets powered by the software.Though Symbian is the most popular smartphone operating system, activated on more than 400m phones since 2000, it has lost ground since the introduction of Apple’s iPhone in 2007, and Japan is the only market where other manufacturers than Nokia are still taking it on.It has been squeezed further since the introduction of Google’s critically acclaimed Android operating system, which is now seen as the main competitor to Apple’s iOS.On Monday Nokia said it would take over development of the platform from April 2011, resuming management of a key asset it gave to the independent Symbian Foundation to run only a few years ago.The cross-industry Symbian Foundation will in the future take care of only licensing of the software.Although Nokia receives no direct benefit from other makers using the platform, its own portfolio is helped by the breadth of independent software developed for use on the phone, which in turn is increased by a bigger user base. last_img read more

Capita says cuts have hit harder than expected

first_imgThursday 18 November 2010 4:06 am whatsapp Outsourcing firm Capita said sales growth would be hit harder by government spending cuts than it previously expected – but said the measures would eventually create a climate that would benefit the business.“We indicated that pressures on public spending might potentially affect growth in the short term … This is now occurring and will subdue revenue growth in the second half of the year more than previously anticipated,” Capita said.Capita, which processes 25 million life, savings and pensions policies and handles complaints for the BBC, said revenue growth would be modest because many existing contracts would not be renewed or offset with new deals, and because fewer contracts had been signed in the second half.Last month Capita, which chalks up half its revenues from government contracts, signed a deal to help Downing Street deliver savings, although it said the move would not materially impact its finances.Many analysts have tipped Capita as one of the companies poised to benefit in the long-term from public spending cuts and, despite its sales warning, the firm remained bullish about its ability to benefit from demand for savings.“The opportunities to work with central and local government to deliver greater cost efficiencies across public services through new outsourcing initiatives are strong,” Capita said. Capita says cuts have hit harder than expected whatsapp Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 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.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comcenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo John Dunne Show Comments ▼ Tags: NULLlast_img read more

Inflation up in OECD countries

first_img Tags: NULL Inflation up in OECD countries Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo KCS-content Tuesday 30 November 2010 8:12 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proofcenter_img Consumer prices in October were 1.9 per cent higher than the previous year in member states of the Organisation for Economic Co-operation and Development (OECD), they announced yesterday. The rate of inflation was higher than in September, when it measured 1.7 per cent higher than the previous year. The figures were largely driven up by price increases in food and energy. Food increased by 2.6 per cent (compared to 2.3 per cent in September) while energy increased by 6.6 per cent, considerably higher than September’s rise of 5.2 per cent. Some member states recorded considerably higher inflationary rises than others. In Canada prices increased by 2.4 per cent on the previous year, compared to a 1.9 per cent rise in September. whatsapp whatsapp Show Comments ▼ Sharelast_img read more

IMF boss slams Eurozone’s response to the debt crisis

first_img Show Comments ▼ whatsapp whatsapp DOMINIC Strauss-Kahn, the head of the International Monetary Fund (IMF), has launched a thinly-veiled attack on the Eurozone’s handling of the sovereign debt crisis. “The piecemeal approach, one country after another, is not a good one,” he said, as he called for a “more comprehensive solution to the problem”.Strauss-Kahn’s comments, which came after a meeting of EU finance ministers, are likely to put pressure on Germany, which is resisting calls for a larger Eurozone rescue fund. It is also opposing an Italy-Luxembourg plan to issue pan-Eurozone bonds that would lower borrowing costs for struggling member states. Meanwhile, the EU promised a “more rigorous” round of European bank stress tests to be conducted in February next year. Share KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Tuesday 7 December 2010 9:02 pm IMF boss slams Eurozone’s response to the debt crisis Tags: NULLlast_img read more

Airline body IATA increases its profit forecast as market lifts

first_img whatsapp AIRLINES will post higher profits than expected this year and next, according to the industry association IATA.However, margins remain low and the sector’s recovery is patchy, with European airlines underperforming those in other regions, the International Air Transport Association (IATA) said in its latest financial forecast yesterday.IATA said the increase is due to an upturn in the market, “exceptionally strong third-quarter performance” and better capacity usage. It therefore raised its profit forecast for this year from $8.9bn (£5.6bn) to $15.1bn and predicted profit next year of $9.1bn, up from an earlier forecast of $5.3bn.The industry body represents 230 airlines covering 93 per cent of scheduled international traffic. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Airline body IATA increases its profit forecast as market lifts KCS-content Sharecenter_img whatsapp Tuesday 14 December 2010 9:16 pm Show Comments ▼ 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 Tags: NULLlast_img read more