Capital increase for Greek bank

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first_imgTuesday 7 September 2010 11:34 pm Greece’s largest lender National Bank announced a €2.8bn (£2.3bn) capital increase yesterday to better deal with the economic crisis and position for further expansion in Turkey and Eastern Europe, the bank said. KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity 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.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Show Comments ▼ whatsappcenter_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Capital increase for Greek bank Tags: NULL whatsapp Sharelast_img read more

Further Fed easing is likely

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first_img THE MINUTES of the Federal Reserve’s latest meeting released yesterday showed growing tension between members, as the panel edged towards further quantitative easing to help rouse the American economy. The panel of banking governors took more than five hours to reach an agreement on 21 September – around twice as long as meetings earlier in the year. Many of the panel felt the need to act “before long” if the economy fails to improve, but members argued over a number of options to stimulate the economy, from simply publishing the Fed’s targets for inflation rates through to buying billions of dollars of long-term Treasury bonds. Long-term dissenter Thomas Hoenig was the only governor to vote against the whole of the Fed’s decision to hold interest rates at the historic low of zero to 0.25 per cent. Hoenig expanded on his position in a speech yesterday, saying that the Fed needs to be mindful of the wider effects of its decisions on the currency markets. “As desperate as I am to see unemployment drop down, I don’t want to take short-term measures that I don’t think in the long run will solve that problem,” he told the National Association of Business Economics. Many bystanders said that QE2 was inevitable after the minutes were published yesterday, but were unsure of how far the stimulus will go. “The Fed is moving closer to another round of quantitative easing but also wants to weigh the benefits and risks, and also, importantly, find a way to communicate its intentions to the market,” said Michael Sheldon, chief financial market strategist at RDM Financial. “The Fed has almost boxed themselves into a corner in the sense that the market expects some type of activity.”The tilt towards intervening in the economy is mirrored in the UK’s monetary policy committee, where some members are gunning for more QE. Share Tuesday 12 October 2010 9:25 pm Further Fed easing is likely KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img Show Comments ▼ whatsapp whatsapp Tags: NULLlast_img read more

WHAT DO YOU MAKE OF THE BANKING LEVY?

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first_imgThursday 21 October 2010 8:57 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content Show Comments ▼ PHILIP BOOTH | IEA The burden of this levy will be felt by banks’ owners and customers. Ultimately those who will pay are shareholders – in other words potential pensioners and other savers – and the users of financial services. At most the government should use this tax as a temporary measureNIC CLARKE | CHARLES STANLEYIt is our feeling that after extensive lobbying the banks are reasonably happy with the outcome. It could have been much worse. But unless it is adopted by the key international financial centres then it is possible that the UK financial centre could be disadvantaged over time.ANGELA KNIGHT | BRITISH BANKERS’ ASSOCIATIONThe Treasury’s statement is largely silent on how this levy would interact with taxation in other countries. Until this is clearer, some banks could be taxed multiple times by multiple jurisdictions on the same activities. There is also no international consensus on how banking activities should be taxed: the G20 members still hold very different views Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky 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 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 Sharecenter_img whatsapp Tags: NULL WHAT DO YOU MAKE OF THE BANKING LEVY? whatsapp last_img read more

Profits at BT given a boost by broadband

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first_img Profits at BT given a boost by broadband whatsapp BT LAST night raised its full-year forecasts after bumper broadband sales boosted its profits.During the second quarter over 250,000 new broadband customers were added to its network, including rival firms renting BT lines.Virgin added 35,000 new broadband customers during the same period.BT’s new superfast broadband service “Infinity” is rising at a level of around 4,000 a week after failing to make a splash since its launch in January. It now has around 38,000 users.The telecoms giant raised its full-year earnings guidance from £5.6bn to £5.8bn after pre tax profits rose 43 per cent to £781m. Adjusted pre tax profits were up 13 per cent at £496m.However, BT failed to arrest its declining revenues, with sales in the period falling three per cent to £4.98bn.It disappointed investors by raising its dividend by a relatively modest four per cent, below most analyst expectations.Chief executive Ian Livingston was bullish yesterday, claiming the firm has created a strong base for future growth.He even had a pop at rival Virgin over its ad campaign, which features a Ferrari representing its superfast connection speeds. Livingston said: “Virgin’s product is a bit like a Ferrari – it’s very expensive and not many people buy it.” 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 FollowAlphaCutethedelite.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 SolutionMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory KCS-content Thursday 11 November 2010 8:32 pmcenter_img 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 Show Comments ▼ whatsapp Tags: NULLlast_img read more

City hiring on the up despite blip

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first_img 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 HeraldPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Share City hiring on the up despite blip 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: NULL whatsappcenter_img Wednesday 15 December 2010 2:56 am Show Comments ▼ John Dunne London’s financial services firms are still hiring more heavily than a year ago, even though available jobs in November dipped five per cent from October.Vacancies in November were up nine per cent from a year earlier, while the number of people looking for new jobs shot up by 22 per cent, an employment study by recruitment consultancy Morgan McKinley showed.While vacancies dropped from October – following a traditional year-end slowdown in the City job market as staff stay put during a looming bonus round – the number of employees registering their interest in changing jobs rose by three per cent month on month.The turmoil in the markets sparked by sovereign debt worries across Europe has not dampened this year’s recruitment drive, but confidence at financial services firms such as banks did take a hit this year, making the job market outlook more uncertain, according to Andrew Evans, managing director at Morgan McKinley.“Visibility is often not great,” said Evans, adding that he nonetheless expects hiring this month to be up on December 2009.Recruitment levels have yet to match pre-crisis ones, Evans said, putting this year’s figures “midway between the dizzy heights (of hiring) of between 2005 and 2007 and the lowest point in late 2008.”Average salaries for new employees were up six per cent in November month on month, the survey showed. whatsapplast_img read more

Banker bashing

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first_imgPOPULIST banker bashing is set to make a dramatic return this week, ahead of a politically sensitive bonus round in the City. Alan Johnson, the shadow chancellor, yesterday accused the coalition of “standing idly by” while bankers awarded themselves big bonuses, as Labour gears up to win political points on the hot button issue. Meanwhile, John Mann, a Labour MP on the influential Treasury select committee, plans to use tomorrow’s high-profile hearing with Bob Diamond to demand the Barclays chief waive his bonus this year. An anti-bonus campaign is sure to win support from certain sections of the media and trade unions, leading to an uncomfortable period for the industry as details of individual bonus packages emerge. David Cameron yesterday warned he wanted to see a “lower bonus pool than last year’s”, although he insisted that any settlement had to “recognise that a successful banking sector is part of a successful market economy”. The Prime Minister’s more moderate tone signifies a shift in Downing Street’s approach to bonuses. Yesterday, a Number 10 source told City A.M.: “There’s a recognition there’s only so much you can do when it comes to private banks. Having a constant war with the banks isn’t helpful.”Stephen Hester, chief executive of part-nationalised RBS, is already said to be prepared to receive a bonus solely in shares, rather than cash.Tough new European rules implemented by the Financial Services Authority last month prohibit the payment of more than 50 per cent of a bonus up-front. The new rules mean that the EU now has the strictest bonus regime in the world. Banker bashing “POLITICS OF ENVY IS BACK” *****STARRINGDAVID CAMERON ● ALAN JOHNSON ● STEPHEN HESTER ● BOB DIAMOND whatsapp KCS-content Tags: NULLcenter_img Show Comments ▼ whatsapp Sunday 9 January 2011 11:28 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Sharelast_img read more

Kesa profit squeezed by Comet sales

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first_imgWednesday 19 January 2011 7:46 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content center_img whatsapp Tags: NULL Share Kesa profit squeezed by Comet sales ELECTRICALS retailer Kesa yesterday warned that profits would be at the lower end of expectations due to weaker sales at its UK chain Comet.Total like-for-like sales for the period between 1 November and 18 January were down four per cent. But Comet sales plummeted 7.3 per cent as tough competition, lukewarm consumer sentiment and poor weather took its toll. Kesa said that the pre-Christmas snowfall in the UK and continental Europe during its key trading period, knocked at least two per cent off sales.The company also said that sales had “softened” since the VAT rise to 20 per cent. Kesa, which also runs market leader Darty in France, said it would respond to the challenges at Comet by cutting costs, improving its website and refocusing stores on its most profitable categories.The retailer said full-year adjusted profit before tax would be towards the lower end of analysts’ forecasts range of €98 to €119m (£82m to £99.5m). Chief executive Thierry Falque-Pierroton said there were no plans to spin off Comet or to switch the company’s listing to France, as had been suggested by analysts. He added: “We remain confident in our strategy and committed to our plans to implement the Darty concept in all our markets and we have in place a number of additional measures to improve revenue and reduce costs.”Matthew McEachran of Singer Capital Markets said: “Trade did pick up in the week after Christmas, once the snow melted.” last_img read more

Wall Street finishes February on a high

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first_img BULLISH comments from Warren Buffett helped US stocks end another good month on a high note yesterday, but uncertainty about oil prices could keep investors from pushing the market much higher.A sign stocks may stall out was evident in the lacklustre volume, in contrast with last week’s selloff, which occurred on heavy volume. Just 7.3bn shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, well below last year’s daily average of 8.4bn.The Dow Jones industrial average was up 95.89 points, or 0.79 per cent, at 12,226.34. The Standard & Poor’s 500 Index was up 7.35 points, or 0.56 per cent, at 1,327.23. The Nasdaq Composite Index was up 1.22 points, or 0.04 per cent, at 2,782.27.The Nasdaq’s gains were the smallest as Amazon fell 2.2 per cent to $173.29 (£106.60) after UBS downgraded the online retailer, citing increased costs.For the month, the Dow rose 2.8 per cent, the S&P rose 3.2 per cent and the Nasdaq gained three per cent.“The market is clearly in a play-it-by-ear mode on what comes next, both in terms of the Middle East, the sustainability of this spike (in oil prices) and what, if sustained, this will do to the global economy,” said Peter Boockvar, equity strategist at Miller Tabak + Co.Brent crude oil prices, which had jumped toward $120 a barrel last week, eased to $112. But investors were still jittery that the global economic recovery may be threatened if oil prices stay high.Buffett, chairman of Berkshire Hathaway, spoke in his widely read annual letter to shareholders of the need for “major acquisitions”, a sign stocks may be cheap.The latest acquisition news came from Ventas, which plans to buy Nationwide Health Properties in a $5.8bn stock deal that strengthens Ventas’ position as the biggest US owner of senior housing. NHP shares rose 9.7 per cent to $42.74.Comments from Federal Reserve officials hinting they were ready to support the economy if necessary helped ease concern over the scheduled end of the Fed’s $600bn bond-buying program later this year.New York Fed Bank President William Dudley said policymakers should be wary about withdrawing liquidity too quickly, while St. Louis Fed Bank President James Bullard would not rule out further use of the Fed’s unorthodox tool for stimulus.Data out yesterday showed Midwest business activity rose more than forecast in February. Monday 28 February 2011 7:23 pm Share Show Comments ▼ whatsapp KCS-content Tags: NULL Wall Street finishes February on a high More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapplast_img read more

India blow for Cairn-Vedanta

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first_img 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap India blow for Cairn-Vedanta CAIRN ENERGY’S £5.9bn deal to sell most of its Indian business to Vedanta suffered another setback yesterday when the Indian government referred the deal to a panel of ministers for further scrutiny. The Indian cabinet unanimously said the royalties related to the deal need to be looked at before the purchase can be approved, and “such a decision should not be taken in a hurry”, one minister added.The move causes further frustration for Cairn and Vedanta, who first agreed what could be India’s biggest oil and gas deal last August and had expected the government to make a final decision in a matter of days.Cairn has set an internal deadline of 15 April to secure the deal. No timetable has been set for the Indian committee investigation. Cairn’s partner in India, state-run ONGC, currently pays all royalties on its oil operations, but India has been pushing to share the royalty burden between ONGC and Cairn. Both Cairn and Vedanta oppose the move. “We will continue to work with the government of India in a constructive fashion to secure all the necessary conditions and approvals,” said a Cairn spokesperson in London last night.Vedanta declined to comment. It issued a statement yesterday saying that its offer would open on 11 April and close on 30 April regardless. “It is surprising that they are going ahead with the open offer, because if the government gives a conditional acceptance, then it will be value-destructive for Vedanta,” said Deepak Pareek, sector analyst at Mumbai brokerage Prabhudas Lilladher.The news knocked both companies’ shares, with Cairn closing down 2.8 per cent at 456.4p and Vedanta losing 0.8 per cent to £24.97. whatsapp Share whatsapp Wednesday 6 April 2011 7:57 pm KCS-content Show Comments ▼ Tags: NULLlast_img read more

WAITROSE SALES SIZZLE

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first_img WAITROSE SALES SIZZLE SALES at Waitrose soared by 23.7 per cent for the week ending 10 April, it revealed yesterday, as the hot weather saw people head outdoors to eat. Sales of barbecue food were up 566 per cent on the same period last year. Sales of side salads were up 128 per cent, dressed salads were up by 54 per cent and coleslaw up by 152 per cent. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.org Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads whatsappcenter_img Show Comments ▼ Share KCS-content Tuesday 12 April 2011 8:03 pmlast_img read more