first_img Show Comments ▼ Wednesday 11 August 2010 8:17 pm whatsapp whatsapp KCS-content Sharecenter_img Tags: NULL 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 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Grainger set to gain from slump Britain’s biggest residential landlord Grainger said yesterday it plans to cash in on the wilting housing market by buying up discount real estate. The firm, which has around £2.8bn of assets under management, bought £154.8m of properties in the past ten months, with a further £67.6m of buys in the pipeline. It sold 593 vacant units at a sales margin of 42.6 per cent. The firm also completed its purchase of Sovereign Reversions, snapping up the equity release adviser for £34.6m. last_img read more

first_img More From Our Partners Killer 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBe20 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleFolliboost Haircare SerumThinning Hair? Use this For 1 Month and See What HappensFolliboost Haircare SerumFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oracle KCS-content Tags: NULL Share SPEARMINT RHINO BOSS RETURNS TO CLUB SCENE Show Comments ▼center_img whatsapp Tuesday 7 September 2010 10:29 pm whatsapp AMID all the talk of a strict clampdown on City jaunts to strip clubs, it comes as something of a surprise for The Capitalist to learn that another such den of iniquity popped up this week claiming to be the classiest table dancing joint in town.That’s right, folks, it’s back – courtesy of founder Simon Warr, the former managing director of Spearmint Rhino, who split from the chain’s founder John Gray recently, taking control of its out-of-London clubs and rebranding them as Platinum Lace.The new club, on the former site of the CC Club, next to the Trocadero centre at Piccadilly Circus, aims to be “the very best and most exclusive” that London has to offer, and it’s not shy about tapping a market of which predecessors steered well clear: the ladies.On board to help raise awareness of the venue among female punters is Emma Sayle, she of orgy-organiser Killing Kittens fame, as a consultant. “We’ve themed it as a crossover club, with themed nights, entertainment and burlesque as well as the usual dancers,” she tells me. “We’d love the ladies to come along too – the idea that strip clubs are a primarily male domain is outdated.”BEAR NECESSITYSocGen’s lovable über-bear strategist Albert Edwards was back on top form yesterday predicting his usual decline into the icy depths of recession.No optimism over market prospects in this camp: Edwards believes we’re firmly back in the same situation as we were prior to the financial crisis in 2007.“Investors then were content to stick their heads into very deep sand and ignore the fact that The Great Unwind had clearly begun. But in August and September 2007, even though the wheels were clearly falling off the global economy, the S&P still managed to rally 15 per cent!” Edwards notes, incredulously.“The recent reaction to data suggests the market is in a similar deluded state of mind. Yet again, equity investors refuse to accept they are now locked in a Vulcan death grip and are about to fall unconscious…”Will the Star Trek indicator of market volatility soon catch on?NEWS HOUNDRivalry bubbles over on Twitter between the two doyens of financial television journalism, the Beeb’s Robert Peston and Sky’s Mark Kleinman.“BBC appears to have ‘learned’ how to read output of other news organisations. Stephen Green appointment as trade minister now imminent,” tweeted Kleinman, hours after Pesto had picked up on the story first broken by his rival. Should it be briefcases at dawn, gentlemen?SHARK ATTACKBrokering million-dollar deals or fishing human remains from the stomachs of the world’s deadliest sharks? It’s all in a day’s work for Bahamian investment banker Humphrey Simmons, who wins the prize for daredevil of the week after his eye-popping tale of terror on the high seas.Simmons tells the local Tribune paper that he was out deep sea fishing when he reeled in a tiger shark – but as he was about to cut the creature free, it spat out a human foot.Later investigations on land revealed the headless remains of a man, though officials believe he had drowned before coming to his grisly rest. Quite the most unusual extra-curricular achievement The Capitalist has ever heard from the banking sector.LOVE BOATValentine’s Day may be half a year away, but if any City gentlemen want inspiration for a romantic treat for their better halves, look no further.St Katherine’s Dock reckons it’s housing a true slice of history in the form of classic yacht the Flamont Rose, which it believes was once the “love boat” of French songstress Edith Piaf and French boxing champion Marcel Cerdan.At £1,500 a pop for a weekly rental, the old gal sure wants to get her money’s worth, though.MONKEY BUSINESSAs City runners prepare for the ever-popular Bloomberg Square Mile Relay tomorrow, word reaches The Capitalist of a slightly more off-the-wall fun run offering coming to the Square Mile. On 26 September, I’m told, 750 people will take to the streets to run 7km… and every single one of them dressed up as a gorilla, in order to raise money for the endangered creatures in West Africa. “It is ideal for those who want to do something that little bit different and push themselves physically,” say the organisers. “7k may not be far, but 7k in a gorilla suit is a lot harder…” I’ll say.SEX SELLSPing! In pops an email from merchandise group Icons.com, which clearly hasn’t been reading the papers of late.“The 2010 World Cup may not have lived up to expectations, but Friday’s 4-0 defeat of Bulgaria at Wembley showed the future may be brighter for the passionate England following,” the firm shouts, excitedly, proceeding to offer unique signed football memorabilia at a discount.“With £60 off a hand-signed Wayne Rooney England shirt, now could be the time to make that special purchase,” it adds, seemingly without irony. last_img read more

first_img Tags: NULL THE number of job vacancies in banking and financial services has reached levels not seen since before the credit crunch, a forecast by a City recruitment consultancy claimed yesterday.Recruitment firm Ambition said job vacancies in the City were now up 260 per cent on the first quarter of 2009, which was at the height of the economic downturn. While there had been a slight decrease in the number of vacancies between the second and third quarter of this year, overall the number of roles available remained higher than at any point since 2007, according to the report.The growth in job vacancies had been driven by increased business activity in the fixed income and foreign exchange markets, said Ambition.Expansion in the interest rates, structured rates and structured credit markets during 2010 had also led many City institutions to add to their workforce, the report found. Candidates with interest rate, credit default swap and collateralised debt obligation product experience in areas such as project management, performance analysis, back office, risk and compliance, finance departments and marketing teams were in particular demand, Ambition added. Tim Gilbert, UK managing director of Ambition, said: “We predicted in early 2010 that there would be rapid growth in the City and this forecast has played out. Significant increases in demand for staff off the back of the equities markets helped fuel the early growth. But increased activity in the fixed income market has boosted many companies’ appetite to hire in recent months.” But the City is currently suffering a skills shortage, warned the recruitment company, with more vacancies than skilled candidates available to fill them.There are currently 11 vacancies for every 10 candidates actively searching for work in the City, said Gilbert, a ratio which had risen sharply from the three vacancies per 10 candidates in the first quarter of 2009.Gilbert added candidates were more confident about their prospects than at any time in the last three years. whatsapp Share City jobs at highest level since 2007 … whatsappcenter_img 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.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com Tuesday 5 October 2010 7:50 pmlast_img read more

first_imgThursday 14 October 2010 9:07 pm Tags: NULL KCS-content whatsapp 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 Wrap Share SHARES in Actelion jumped again yesterday on new market talk the Swiss biotech group could be the next bid target in the pharmaceuticals sector.Traders said markets were speculating that GlaxoSmithKline, which has a drug partnership with Actelion, could offer 72 Swiss francs (£47.30) per share. Sanofi-Aventis launched a $18.5bn hostile bid for US biotech Genzyme last week, sparking chatter of more M&A in the sector. Actelion shares, which had lost nearly a quarter of their value this year, closed up 6.6 per cent at 53 francs, outperforming a 0.5 per cent weaker European healthcare sector index. The stock has gained over 30 per cent this month.Analysts have cited Amgen, Roche, BristolMyersSquibb, AstraZeneca, Bayer and Novartis as possible buyers. whatsapp Actelion shares jump as market looks for next takeover target Show Comments ▼last_img read more

first_imgTuesday 7 December 2010 8:42 pm whatsapp whatsapp AIM-listed oil and gas exploration company San Leon Energy yesterday announced it has raised £59.6m through a new share placement.The firm says it will use the proceeds of the placing to fund an extensive seismic and drilling programme over the next 18 months, including the drilling of up to 17 wells.The funds will also be used to repay the company’s £2.5m convertible debt pile.Site development will take place on its gas field in Poland, where it shares a field in the Baltic Basin with Talisman Energy.It also plans to drill two exploration wells in on-shore Morocco, where it will target conventional oil and gas plays.Executive chairman Oisín Fanning said: “We are delighted with the high demand for this placing which shows strong support from both existing shareholders and new institutional investors in Europe and North America.“Over the last two years the company has built a highly attractive portfolio of assets across a number of exciting hydrocarbon regions. Our focus now turns to commercialising and developing these assets.”Fanning was formerly chief executive of stricken Irish firm Smart Telecom.He was forced to sell the firm for just a euro and its debt to Brendan Murtagh, Smart’s principal shareholder.Earlier this year San Leon Enery bought Island Oil & Gas in a £13.7m deal in order to grow its exploration and development business.Shareholders received one new San Leon share for every 2.3 Island shares they held.NICK TULLOCHARBUTHNOTNICK Tulloch will head up the team of Nomads at Arbuthnot. He joined the firm as head of corporate finance in 2009. He was previously a managing director at Altium where he worked on financial advisory and corporate broking transactions for small- and mid-cap companies. He began his investment banking career at Schroders and Cazenove. Also on the team for Arbuthnot is Ben Wells.Macquarie Capital is acting as sole book runner and co-lead manager for the fundraising, with John Dwyer leading the team. Dwyer joined Macquarie in 2009 as managing director in its Equity Capital Markets division.DAVID PORTERFOX-DAVIES CAPITALHe was previously executive director in Goldman Sachs’ EMEA Equity Capital Markets team. He has experience in regions including Russia, Central & Eastern Europe and the Middle East. Also on the Macquarie team are Paul Connolly and Ben Colegrave.Fox-Davies Capital is also acting as co-lead manager, with Phil Davies and David Porter working on the account. Davies recently joined Fox-Davies as head of corporate finance, moving from Charles Stanely Securities where he worked for seven years, having previously worked at Seymour Pierce. San Leon Energy in £60m fundraising KCS-content Show Comments ▼ 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 TimesUndoBetterBe20 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 FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndo Share Tags: NULLlast_img read more

first_img whatsapp whatsapp Share 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 PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo Tags: NULL BT yesterday completed the sale of a 5.5 per cent stake in Tech Mahindra in a move that could pave the way for further share sales in the Indian telecoms firm.The sale takes BT’s stake in the firm down to 24.4 per cent, with the UK telecoms giant saying “further sales may be considered in the future”. The 6.9m shares netted BT a total of £63m.Tech Mahindra, which provides information technology services to the telecoms industry, is a unit of tractor and utility vehicle maker Mahindra & Mahindra (M&M). BT Group owns about a 30-per cent stake in Tech Mahindra.BT and M&M established the joint venture that became Tech Mahindra in 1986. It has grown to over £630m of annual revenues after listing on the Bombay Stock Exchange in 2006. center_img Tuesday 14 December 2010 8:47 pm BT sells 5.5pc stake in Tech Mahindra KCS-content Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orglast_img read more

first_img whatsapp Tags: NULL Share Show Comments ▼ Euro zone economic sentiment jumped to a 38-month high in December pointing to healthy growth in the last quarter of 2010, but also to a growing divergence between core and peripheral euro zone countries.A monthly survey by the European Commission showed the economic sentiment in the 16 countries using the euro in December rose to 106.2 points from a downwardly revised 105.1 points in November.Economists polled by Reuters had expected a rise to 105.5.“The euro zone economy is likely to have posted healthy growth again at year-end 2010,” said Christoph Weil, economist at Commerzbank.Economists said the December sentiment indicator was consistent with economic growth of 0.4-0.5 percent quarter-on- quarter in the euro zone in the last three months of last year.“The bad news is, the euro area remains deeply split economically. Peripheral countries cannot keep up with Germany’s high pace of growth,” Weil said.The divide was underscored by German data on Thursday showing the country’s manufacturing orders growing at the strongest pace in 10 months in November, rising far more than economists expected mainly thanks to strong demand for durable goods coming from outside the euro zone.“It is emerging to be a very, very strong fourth quarter (for Germany),” said Rainer Sartoris at HSBC Trinkaus. “Export orders are coming above all from overseas. We are still dependent on what occurs in the emerging countries. Figures from the euro zone have a dampening effect.”The Brussels data showed economic sentiment rose in December in Germany, France and Italy, but declined in Greece and Spain. This complicates the European Central Bank’s decision-making on interest rates for the euro zone in 2011, economists said.With countries such as Greece, Ireland, Portugal and Spain struggling with market pressure to bring their public finances back in order, the ECB is more likely to hold its benchmark rate at its current record low of 1.0 percent, economists said.“The ECB will show consideration on the crisis countries in its monetary policy decisions and not raise the key interest rate in 2011,” Commerzbank’s Weil said.A further headache for the ECB in its monetary policy decisions will be the sharp rise of inflation expectations among consumers and businesses, the Commission data showed.Consumer inflation expectations 12 months ahead surged to an index level of 15.0 from 10.7 in November, but remained below the long-term average of 20.6, the Commission said.Eurostat data on Tuesday showed consumer inflation jumped in December to 2.2 percent, its highest level in more than two years, above the ECB’s target of just below 2 percent. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp John Dunne Thursday 6 January 2011 8:53 am Euro zone confidence on the up last_img read more

first_img KCS-content whatsapp Monday 31 January 2011 8:18 pm Tags: NULL Show Comments ▼ Moody’s cuts rating by a notch as fears over economy grow whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof MOODY’S Investors Service cut its rating on Egypt’s sovereign debt yesterday, saying the government might damage its already weak finances by increasing social spending to calm mass protests.It announced a one-notch downgrade, to Ba2 with a negative outlook from Ba1.The news follows a similar move by Fitch Ratings, which cut the outlook on Egypt’s BB+ country ceiling to negative, saying the political turmoil would likely undermine the country’s economic reform programme.A Moody’s spokesman said: “There is a strong possibility that fiscal policy will be loosened as part of the government’s efforts to contain discontent.“A background of rising inflationary pressures further complicates fiscal policy by threatening to increase the high level of budgetary expenditure on wages and subsidies.”Egypt’s budget deficit in the fiscal year to June 2010 was 8.1 per cent of gross domestic product (GDP). It aims to keep the deficit at 7.9 per cent of GDP this fiscal year, falling to between three and 3.5 per cent in 2014/15.There is rising unease among rating agencies at the impact of political tensions across swathes of North Africa.Standard and Poor’s says political and fiscal uncertainty is weighing on the sovereign ratings of several Middle Eastern and North African countries, with Algeria and Jordan most vulnerable to unrest similar to the protests in Tunisia and Egypt.Fitch says it will decide in three to six months whether to cut its rating on Tunisia, following weeks of unrest that forced a change of government and hit economic growth. last_img read more

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 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Share KCS-content whatsapp Sunday 13 February 2011 11:01 pm Tags: NULL House prices will fall by 1.7 per cent this year, the Centre of Economic and Business Research (CEBR) said today. However, prices will start to edge upwards again in 2012, it said. Show Comments ▼ House prices face decline in 2011 whatsapp last_img read more

first_img FINANCIAL TIMESTESCO PUSH ON MUSIC GROUPS’ CD DEALSTesco is pushing music companies to accept minimal upfront payments for the compact discs they ship to the Uk retailer, in a renegotiation that will test how record labels’ bargaining power has diminished in line with shoppers’ interest in CDs. Instead of paying £7 or £8 upfront for a typical album, Tesco wants to pay just 50p initially, with the remainder handed over when it sells the disc, Rob Salter, Tesco’s entertainment director, told the Financial Times.TRADERS “SHORT” DOLLAR AS CURRENCY LOSES ATTRACTIONHedge funds and forex dealers are betting record amounts against the dollar, reflecting a growing belief that the US currency has lost its haven appeal and that Eurozone interest rates will soon rise. As the crisis in the Middle East has worsened, the latest exchange data show that traders are selling “short” the currency. The big US fiscal deficit and concerns about the effect of rising oil prices have been blamed by some for the dollar’s slide.BAE BRACED FOR TOUGH US CURBSBAE Systems is braced for the imposition of strict curbs on its business by the US, as it moves closer to resolving a year-long review by the State Department of its guilty plea to a conspiracy charge last year.RUSSIA SETS UP $10BN FUND TO ATTRACT PRIVATE EQUITY INVESTMENTThe Russian government is setting up a $10bn fund to co-invest with leading international private equity firms in an effort to attract foreign capital to the country, and has asked Goldman Sachs informally to guide the project, according to people familiar with the matter.THE TIMESINVESTIGATORS STUDY CADBURY INDIA BRIBERY ALLEGATIONSKraft Foods has been subpoenaed by the US Securities and Exchange Commission over accusations of bribery at Cadbury’s operations in India. The world’s second-largest food company, which acquired the British confectioner last year in a controversial £11.9bn deal, said that it had received the subpoena on February 1 as part of an investigation by the SEC under the US Foreign Corrupt Practices Act, which bans the payment of bribes to foreign officials. SPOTLIGHT FALLS ON GROCERS’ GRAND JOB CREATION CLAIMSBritain’s leading supermarkets have been accused of misleading planning authorities by claiming to create tens of thousands of jobs when they employ fewer workers than two years ago. they did two years ago.The Daily TelegraphED BALLS AND YVETTE COOPER REFERRED TO WATCHDOG OVER CHILDRENS’ EXPENSESEd Balls and Yvette Cooper have been referred to the parliamentary standards watchdog over £14,000 of expenses made in relation to their children. Although they have not breached the regulations, Andrew Bridgen, Tory MP for North West Leicestershire, has written to John Lyon, the standards commissioner. He has asked him to investigate the shadow chancellor and shadow work and pensions secretary.BUFFETTOLOGY COMES TO BRITAIN It sounds like an American cult, but later this month, UK investors can take advantage of the science of Buffettology for the first time. Buffettology is the name of a 1999 book written by Mary Buffett, who was married to Peter Buffett.THE WALL STREET JOURNALEUROPEHEFNER TAKES PLAYBOY PRIVATEA partnership led by Hugh Hefner has succeeded in taking Playboy private. Playboy Enterprises Inc. said that its acquisition by Mr. Hefner’s Icon Acquisition Holdings LP has closed. The $6.15-per-share deal was funded with $195m of debt and $185m from the private investment firm Rizvi Traverse and Playboy management, including Hefner. Under the deal, Rizvi Traverse will own about 60 per cent of the company. Mr. Hefner will own about 37 per cent, and other executive management will have the remaining three per cent.NICKELODEON GIVES NEW KICK TO NINJA TURTLESViacom’s Nickelodeon is betting that the Teenage Mutant Ninja Turtles still have some fight left in them. The cable channel spent $60m to acquire the global rights to the franchise. KCS-content whatsapp Share WHAT THE OTHER PAPERS SAY THIS MORNING More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Show Comments ▼ whatsapp Sunday 6 March 2011 11:12 pm Tags: NULLlast_img read more