snwmuske

New EU rules set to boost reinsurance and securities issues

first_img KCS-content Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyReporter center[Photos] Meet The Man Katie Couric Is Romantically Involved With In 2021Reporter centerBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald whatsapp whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgcenter_img New EU rules to boost insurers’ financial strength will spur more issues of securities tied to natural disasters and peak mortality risks as the sector moves onto even safer footing, Swiss Re said yesterday.The world’s second-biggest reinsurer and other industry experts expect the Solvency II capital regulations – set to take effect in 2013 – to support insurance-linked securities (ILS) given insurers’ need for robust balance sheets.Solvency II will have a positive effect on more mature ILS products such as catastrophe bonds, Alison McKie, managing director in Swiss Re’s life and health area, said.In addition to the traditional reinsurance market, insurers use “cat” bonds to transfer risks associated with disasters like huricanes and earthquakes to capital markets investors, thus limiting exposure to major damage claims.Capital market solutions mitigating risks were not assessed under the previous regulatory system, but they will be under Solvency II, McKie said.“Securitisation is an effective way of managing these peak risks and reducing capital requirements. Overall, we therefore expect the new regulations to lead to an increase in the use of alternative risk transfer products, in particular by those companies who are using internal models to assess their capital position,” she added.Top reinsurers such as Munich Re, Hannover Re and Swiss Re expect sales to rise as insurance companies buy risk cover from them to help offset Solvency II’s more stringent capital requirements. Thursday 12 August 2010 7:36 pm Show Comments ▼ Share New EU rules set to boost reinsurance and securities issues last_img read more

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Fed should be prepared to embark on a new stimulus blitz, says ex-vice chair

first_imgMonday 6 September 2010 8:12 pm Fed should be prepared to embark on a new stimulus blitz, says ex-vice chair More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.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.com whatsapp whatsapp KCS-content THE Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the US economy, the former vice chairman of the central bank said.Donald Kohn, who retired as vice chairman last week, told the New York Times in an interview published yesterday that the economy was in “a slow slog out of a very deep hole,” and that the Fed should take additional measures if a recovery continued to be slow.Actions could include purchase of more government securities to keep interest rates low, he said. The Fed has pumped $1.7 trillion into the economy through steps such as purchase of longer-term securities. Share “To have a substantial effect, people would have to anticipate substantial purchases,” Kohn said. “Does the Federal Reserve need to announce it’s buying $1 trillion? Not necessarily. If the Fed said, ‘We’re buying a smaller amount now but if it warrants we’ll buy more,’ that sort of would give the public and the markets a sense that somebody was out there,” he added. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timesautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: NULLlast_img read more

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refbwqur

India hopes to end BlackBerry ban debate

first_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org India hopes to end BlackBerry ban debate whatsapp Show Comments ▼ INDIA hopes its concerns about security issues related to BlackBerry services will be resolved within weeks, the telecoms minister said yesterday. The expected deal will give the government access to electronic messages it fears could be used by terrorists.India had threatened to shut off BlackBerry-maker RIM’s encrypted email and instant messaging services unless it gained access to them.After a deal with RIM, India began accessing earlier this month some of the traffic carried on BlackBerry smartphone devices in a campaign driven by fears that unmonitored email and messaging puts the country’s security at risk.“I do hope it will be resolved,” telecoms minister Andimuthu Raja said yesterday.India’s interior ministry said last month RIM had offered several ways to allow authorities to monitor BlackBerry communications. The government said it would check their feasibility over the next 60 days.However, RIM has insisted it cannot decode the encrypted corporate email that is at the heart of its business and is yet to confirm India’s claims that security agencies have started accessing BlackBerry traffic. Tuesday 14 September 2010 8:23 pmcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULL KCS-content Share whatsapplast_img read more

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jukedcve

Margins too tight to bear

first_img Tags: NULL whatsapp Margins too tight to bear whatsapp THE British dairy market is notoriously competitive, but investors were not prepared for yesterday’s shock profit warning from Robert Wiseman. Although its first-half numbers are in line, the second half is going to turn sour. Full-year profits are now forecast to be £7m lower than thought. A crushing round of price negotiations with Tesco is the culprit. It is desperate to match Asda’s milk price, meaning a cut of 12p to £1.25 for four litres. And dairy farmers have waged a successful campaign against the supermarkets, claiming that lower prices mean they are living in poverty. Tesco and rivals are insisting that the farmers are paid more, keeping them happy and avoiding bad PR.So Wiseman is being squeezed by the buyer and the supplier. Its full-year margin this year will be just 2p a litre, falling to 1.5p a litre in 2011-12. Turning a profit on margins this tight won’t be easy, especially as it is holding its dividend at 18p this year. It will undoubtedly have to scale back plans for investment, meaning it will be ill-prepared to capitalise if a recovery in prices arrives. There’s no point crying over spilt milk, but it’s time to offload any Wiseman stock. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.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.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com 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 StrangersNoteableyPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe 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.comcenter_img KCS-content Show Comments ▼ Share Thursday 16 September 2010 8:26 pmlast_img read more

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Speed needed for banks to meet Basel III

first_img whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPuffer fish snaps a selfie with lucky divernypost.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.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.com Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal 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 Tags: NULL KCS-content Speed needed for banks to meet Basel III center_img whatsapp Wednesday 22 September 2010 7:34 pm Banks must move quickly to meet tough new rules on capital despite the long-phase in period for some of the requirements, ECB Governing Council member and head of the Basel Committee on Banking Supervision Nout Wellink said yesterday.In a speech to a closed-door meeting of banking supervisors in Singapore, Wellink said regulators should stop banks from paying out dividends or bonuses if they fall short of the new minimum capital requirement even if the final deadline to meet the rules has not yet passed.“Banks should not be permitted to increase their distributions if they are still below the ultimate target but feel they can take their time to get there,” he said.The new Basel III rules, announced earlier this month in a bid to prevent another global credit crisis, require banks to hold top-quality capital totalling seven per cent of their risk-bearing assets, more than triple what they do now. They will start to take effect in January 2013 but changes to the definition of top-quality capital and the requirement for a capital-conservation buffer will not be fully implemented until 2018.Wellink, who is also head of the Dutch central bank, said regulators were continuing to discuss how to deal with large banks seen as “too big to fail”. But he added that measures being considered by the Basel Committee and Financial Stability Board included “combinations of a capital surcharge, bail-in debt and contingent capital”.Wellink rebuffed criticism that the new rules would hit economic growth, saying that they made the whole banking system more resilient to a financial downturn. “If, prior to the crisis, banks had the levels of capital we are asking for, we likely would not have experienced such a deep crisis,” he said. Show Comments ▼last_img read more

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kraejgda

Chile quake claims wreck Lloyd’s profit

first_img Chile quake claims wreck Lloyd’s profit Tags: NULL KCS-content whatsapp Show Comments ▼ Tuesday 28 September 2010 10:47 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp INSURANCE market Lloyd’s of London blamed its 52 per cent drop in profit yesterday on a spate of disasters including the Deepwater Horizon oil spill and the Chilean earthquake. Lloyd’s posted a pre-tax profit of £628m for the first half of 2010, down from £1.32bn a year earlier. Lloyd’s insurers including Catlin, Amlin and Hiscox absorbed claims in excess of £100m each for the disasters, which added 17 per cent to the group’s accident ratio and meant the group paid out more than it earned in premiums. The group’s total claims ratio stood at 98.7 per cent of premiums for the period, up from 91.6 per cent a year ago. Lloyd’s finance director Luke Savage said insurance prices looked set to keep falling, and most of the syndicates operating in the market would probably respond by writing less business next year.“In an environment of slowly declining rates, people are going to be slowly reining in the amount of premium they write,” he said. Lloyd’s generated much of its profit instead from investments, though it reported a 15 per cent drop in returns for the six months to the end of June. Savage said the group was re-examining its investment strategy in the wake of the drop in performance. “We are not bullish on the UK. We are considering moving into emerging markets, as we are still nervous that there will be a double dip recession – the US recovery is still very fragile and it’s the same here,” he told City A.M. Central assets at the group, which act as a form of capital buffer for member insurers, rose to a record £2.23bn in June, up from £2bn a year earlier.Savage said preparations for the new Solvency II insurance capital rules are progressing as planned, and that the group is on course to spend between £200m and £250m on altering its structure before the regime comes into effect in 2013. Sharelast_img read more

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teavmoav

… as it’s rebuffed in $1.2bn bid for oil firm Wellstream

first_img KCS-content whatsapp GENERAL ELECTRIC (GE) was spurned in one of its largest recent efforts to build up its industrial businesses, when British oilfield services Wellstream rejected a $1.2bn (£755m) takeover approach.News of Wellstream’s rejection came on the same day GE said it would buy Dresser, a maker of gas engines used to power oil and natural gas production equipment, and retail credit assets from Citigroup. The US conglomerate’s offer for Wellstream comes at a time when GE officials said the firm could have $30bn available for acquisitions over the next few years.This follows a period when GE was more active in selling operations, including its NBC Universal media unit and parts of its finance operation.Wellstream would not comment on GE’s statement that it had made a proposal at 750p per share, which led some investors to conclude the oil services firm may be talking to other suitors.Fairfield, Connecticut-based GE, which also owns Vetco Gray, a maker of equipment used in deep-sea oil and gas production, said that it would keep its options open.“GE is disciplined in its acquisitions, and as such, there can be no certainty that it will take any further action,” the company said. Wednesday 6 October 2010 7:54 pm … as it’s rebuffed in $1.2bn bid for oil firm Wellstream whatsappcenter_img Show Comments ▼ More From Our Partners Brave 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tags: NULLlast_img read more

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BEST OF THE BROKERS

first_img Share Show Comments ▼ DIXONSSeymour Pierce rates the retailer “buy” with a target price of 37p. The broker is looking for progress in the Nordic countries and the UK in the firm’s results on Thursday, with a first-half loss of £8m. It forecasts 37 per cent growth in 2011 pre-tax profit as the firm’s new strategy takes effect and new products boost sales.AUTONOMYDeutsche Bank rates the IT firm “hold” with a target price of £16. The broker believes the firm’s recent acquisitions can deliver incremental revenue, though it must invest in sales infrastructure to deliver real growth. Deutsche adds that it still has concerns about the maturity of the business model, given the large size of the company.PARAGON GROUPUBS rates the mortgage provider “buy” with an upgraded target price of 235p. The broker expects the firm to rapidly restart new lending thanks to improving demand and a new £200m warehouse facility. UBS has raised its pre-tax profit estimate for 2010 by 14 per cent to £69.8m, and by three and nine per cent for 2011 and 2012. 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 A Star, Now She Works In ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Monday 22 November 2010 7:15 pm KCS-content center_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof BEST OF THE BROKERS Tags: NULLlast_img read more

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jhwnfgvg

French business growth slows

first_imgTuesday 23 November 2010 8:46 pm whatsapp Share Show Comments ▼ Tags: NULL 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 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 HeraldUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndocenter_img KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof There was mixed news for France yesterday as business leaders signalled a slight decline in the economic outlook, in spite of positive growth figures released by Markit (see left). While the French Purchasing Managers’ Index (PMI) rose above the Eurozone average in November, the INSEE business climate index fell to 100 points, down from 104 in the previous month, and not in line with its long-term average. The fall “suggests some deceleration in the pace of the recovery” according to Laurence Boone of Barclays Capital Research. French business growth slows last_img read more

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teavmoav

Cable: Bonus tax still on agenda

first_img Show Comments ▼ VINCE Cable yesterday confirmed the government is considering resurrecting Labour’s 50 per cent bank bonus tax. George Osborne is coming under intense pressure from his coalition partners to send a tough message to the City, with Cable thought to be broadly in favour of reintroducing the tax.The business secretary told City A.M.: “The tax has always been an option. There is a clear coalition commitment to make sure there is not an excessive bonus culture.“We hope the banks will also show restraint – in this economic climate we need to make sure there are not disproportionate bonuses being handed out.”However, it is understood the chancellor is determined not to undermine the government’s improved relations with the banks, especially with an agreement on lending commitments that would guarantee funds to UK businesses said to be close.Any bonus tax would come on top of a bank balance sheet levy that will extract £2.5bn a year. Osborne is said to be resisting pressure to increase the amount raised by the levy even further.No final decision will be made on the levy until after the Committee of European Bank Supervisors (CEBS) announces its new remuneration rules this week. It is expected to bring in a raft of draconian measures, including restricting the cash part of bonuses to just 20 per cent and insisting 60 per cent must be deferred.Critics say the complex new rules would make a bonus levy largely symbolic. British Bankers’ Association (BBA) chief executive Angela Knight said: “We are looking at a wildly different year end to last year. The majority of bonuses will be locked away, performance related and paid in shares. I’m not sure how you would apply the tax now. If this is being seriously considered I don’t think the details have been thought through.” The total bonus pot is also expected to be sharply down on last year, limiting the amount the levy would bring in. Earlier this year the Centre for Economics and Business Research (CEBR) estimated the total bonus pot would be around £7bn – down from £10bn the year before – but others are now believed to think the eventual sum could be much less.A spokesman for Osborne said no decisions have been made yet and the government is concentrating on trying to win an international accord on bank taxation. 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 The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndo KCS-content whatsapp Sunday 5 December 2010 11:51 pm center_img whatsapp Cable: Bonus tax still on agenda Share More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Tags: NULLlast_img read more

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