Balfour Beatty sees profit lift

first_img Tags: NULL KCS-content Wednesday 11 August 2010 8:19 pm CONSTRUCTION group Balfour Beatty said it was well-placed to withstand public sector spending cuts as it announced an increased order book and an earnings boost from its US acquisition. The construction firm said yesterday half-year pre-tax profit rose by 32 per cent to £141m, compared with £107m in 2009.“Our strategy has been to build Balfour as a global infrastructure business. The results now reflect the acquisition of Parsons Brinckerhoff … it’s performed extremely well in the first half,” chief executive Ian Tyler said.Profit at Balfour’s professional services division rose to £49m, against £6m in 2009, largely as a result of the company buying US management firm Parsons Brinkerhoff, which contributed a profit of £35m. Its interim dividend rose five per cent to 5.05p per share.Balfour also has signed a £460m contract for the second phase of satellite building for Terminal Two at Heathrow. Tyler remained confident in the face of government cuts in the construction sector. “While there are challenges in some markets, overall we still would see in 2010 to 2011 areas where the business will grow,” he said.The firm’s order book stood at £14.6bn in June, up from £14.1bn at the end of last year. Tyler pointed out that a substantial number of contracts were funded by industry rather than the public sector. whatsapp Share Balfour Beatty sees profit lift whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼last_img read more

EMI seeks a fresh £100m cash injection

first_img Tags: NULL Show Comments ▼ Wednesday 18 August 2010 8:16 pm whatsapp whatsapp More From Our Partners Brave 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com EMI seeks a fresh £100m cash injection KCS-content EMI is confident private equity investor Terra Firma will pump a further £100m or so into the business next March to help it avoid a breach of its loan covenants, it is understood.Maltby Capital, EMI’s holding company, is expected to require an equity cure “substantially in excess” of the £87.5m injected this year when the first quarter of 2011 closes. Guy Hands, Terra Firma’s dealmaker-in-chief, will have to persuade his backers – including large US retirement schemes such as the New York City Police Pension Fund – to hand over more cash.But a source close to the beleaguered record label said: “We are pretty confident of getting that equity cure when the time comes.”EMI’s underlying performance is improving, according to an update published yesterday, although the company remains saddled with £3bn of debt dating to Terra Firma’s buyout at the top of the market in 2007.Maltby Capital cut its losses by two thirds year-on-year due to falling writedowns and lighter restructuring charges in the 12 months to 31 March. But it still haemorrhaged £512m after tax due to a crippling interest bill on its loans to Citigroup.This was despite achieving sales of £1.7bn on the back of hits from Katy Perry and Gorillaz. Ebitda – a measure of underlying cashflow – increased 14 per cent to £334m.Separately, Citi and Terra Firma are expected to hold talks in New York next month to discuss a settlement of a longstanding legal row. Terra Firma has accused Citi, which ran the auction of EMI as well as providing debt, of falsely inflating the company’s price by claiming other bidders were involved when they were not. Sharelast_img read more

Foxtons set to open 20 new branches

first_img ESTATE agents Foxtons is to launch an ambitious expansion drive almost doubling the number of branches it currently has after returning to profit. The move will aim to increase Foxton’s presence in its core markets of London and the Home Counties. Last year BC Partners, the private equity firm which bought Foxtons for £360m just before the credit crunch in 2007, ran into difficulties repaying annual interest of £30m on the loans it received from two banks to finance the buyout. It was forced into a debt for equity deal, which saw the two banks, Bank of America and Mizuho, collectively take a majority stake in the estate agent in return for writing off £180m of debts.  BC Partners remains the largest minority shareholder. Foxtons’ most recent set of accounts showed a profit of £16.7m so far this year compared to a loss of £900,000 for last year. The estate agent is now planning to launch 20 new branches over the next three years taking the total to 50 with most branches being opened in the London area and Surrey. The aim of the expansion drive is to provide Foxtons with market share while transaction levels remain weak. Recently the estate agent opened its 27th branch in Streatham, south London.The estate agent relies on generating fees from new instructions to sell or rent but when it opens a new branch Foxtons waives commission on new instructions for up to three months to gain share in a new area and secure sales.“We are heading for a good financial year again, with both our sales and lettings performing strongly. The signs are that we are increasing market share with our existing branches,” Michael Brown, chief executive of Foxtons, told the Financial Times this weekend.“We see a good deal of organic growth potential and we are actively opening new offices to expand into London areas we’ve not been in before.” KCS-content Share whatsapp Sunday 12 September 2010 10:24 pm whatsappcenter_img Foxtons set to open 20 new branches Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 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.com More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼last_img read more

Deloitte quits its Swiss base for British HQ

first_img“The fact that Deloitte is moving to the UK shows that [we] remain attractive,” commented a partner at a City law firm. Show Comments ▼ Share ACCOUNTING giant Deloitte Touche Tohmatsu has given the UK a vote of confidence after ditching its Swiss base and relocating to British shores. The move comes as part of a radical legal overhaul of the accountant’s global structure and sees Deloitte make the UK its new legal home.As part of the legal overhaul, Deloitte has moved its global management and governance functions from its previous structure to a newly established UK private company called Deloitte Touche Tohmatsu Limited. Deloitte has moved away from the Swiss verein structure, commonly used by accounting and law firms. Under a verein structure, a company can operate a number of smaller arms with separate profit pools and revenue streams while still sharing a brand.The accounting giant said it made the move after decades of operating under its previous structure. A statement said: “We concluded that, although the Verein structure had served us well over the years, we had outgrown it.”It will not deliver any tax benefits to the Treasury because each region will still pay taxes locally.The move has been welcomed by City figures, which said it is a signal that the UK is still considered as an important business centre. 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content center_img whatsapp Tuesday 21 September 2010 8:10 pm Tags: NULL Deloitte quits its Swiss base for British HQ whatsapplast_img read more

TIFFANY HINTS AT STRONG CHRISTMAS

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ KCS-content Tags: NULL whatsapp whatsapp TIFFANY HINTS AT STRONG CHRISTMAS center_img Share LUXURY jewellry retailer Tiffany said yesterday its fiscal third-quarter profit rose a better-than-expected 27 per cent, helped by demand across most geographic regions. Tiffany’s quarterly net income rose to $55.1m (£34.8m), or 43 cents a share, from $43.3m, or 35 cents a share, in the year-earlier quarter. Sales in the quarter ended 31 October rose 14 per cent to $681.7m boosting hopes of strong Christmas holiday trading. Wednesday 24 November 2010 9:05 pm 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 HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo last_img read more

Insuring euro debt leaps to record highs

first_img whatsapp THE cost of insuring Spanish, Portuguese and Belgian debt is at or close to record highs, with Ireland’s bailout crisis spilling into the bond markets of other peripheral Eurozone countries. Ten-year credit default swaps (CDS) on Spanish government debt are at record highs, reaching 312 basis points (bps) yesterday. That means that it costs €312,000 to insure €10m worth of long-term Spanish debt. Meanwhile, Portuguese CDS spreads are at peaks last seen on 11 November, when German chancellor Angela Merkel declared that private bondholders should accept haircuts on their investments if a country defaults. Ten-year CDS reached 431bps yesterday. Irish CDS spreads also widened 16 points to 595bps, while Belgian CDS hit a record, doubling in price to 302bps. The spread between the yield on peripheral Eurozone sovereign bonds and German bunds also reached a record for some countries yesterday. The Irish-German spread rose to an all-time high of 734bps, while the Portuguese-German spread hit 430bps, 30bps short of its record high. The movements show that despite repeated attempts to reassure markets, Eurozone leaders have failed to prevent the investor flight from countries in financial difficulties.Capital Economics’ Ben May said: “With worries about the political situation and the banks unlikely to ease any time soon, Ireland could effectively be locked out of the bond markets for a prolonged period.”FAST FACTS | EUROZONE DEBT● The cost of borrowing for Portugal, Belgium and Ireland has soared to record highs in recent weeks. ● The spread between Irish bond yields and German bond yields is at a record high of 734bps. KCS-content whatsapp Tags: NULL 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 Show Comments ▼center_img Thursday 25 November 2010 8:12 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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Insuring euro debt leaps to record highs Sharelast_img read more

China declares shift to “prudent” monetary policy

first_img Tags: NULL CHINA will switch to a prudent monetary policy from a moderately loose stance, the Communist Party’s top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls.At the same time, the Politburo elected to maintain China’s proactive fiscal policy, an indication that the government wants to continue to ramp up investment spending even while taking tightening steps to control inflation.Chinese and global markets were little affected, with investors taking the view that the new wording was an affirmation of the gradual tightening that Beijing has already started to implement in recent months.But while the change in description of policy had been discussed for several weeks by central bank advisers, the Politburo’s endorsement, reported by the official Xinhua news agency, could still mark a decisive turning point.“It means that all sort of monetary policy tools to control liquidity and to control inflation can now be used,” said Ken Peng, an economist with Citigroup in Beijing.“In the past we’ve been clearly focusing on administrative measures. Going forward we could be using more price adjustments via interest rates,” he said, adding that he expected five rate increases by the end of next year.China has raised interest rates just once this year as it has guided its monetary policy back to normal from the ultra-loose settings it adopted to counter the global financial crisis. Instead, it has used quantitative tools to do the heavy work, officially raising banks’ reserve requirements five times.Along with playing a role in the fight against inflation, policy tightening also signals confidence that the world’s second-largest economy is on solid ground, even as the U.S. and European recoveries remain fragile.“China has no need now to worry about overall demand at all,” said Dong Xian’an, chief economist with Industrial Securities in Beijing. “Instead, the top priority is to curb inflation and avoid economic overheating.”“The sooner China acts and the more forceful measures it takes, the better,” he said.Consumer price inflation hit a 25-month high in October of 4.4 per cent and is expected to have edged higher in November. Although it has been driven almost exclusively by food prices, pressures have been broadening on the back of higher global commodity costs.China’s cabinet vowed last month to take “forceful” measures, including price controls if necessary, to rein in inflation.A major prong of the government’s stimulus programme was a flood of lending by banks. China has already begun to rein in loan issuance this year and the shift to a prudent monetary policy could signal more restrictions next year.Wang Han, economist with advisory firm CEBM in Shanghai, said a prudent policy could imply a new lending target of 6.5 trillion yuan, down about 15 per cent from this year’s total. whatsapp Friday 3 December 2010 5:07 am whatsapp China declares shift to “prudent” monetary policy center_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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical 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 TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Share More From Our Partners Brave 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org alison.lock last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img FINANCIAL TIMESBP DELAYS LIBYA DEEP WATER PLANBP has delayed its plans to explore in the deep water off the coast of Libya until next year after deciding not to use its original drilling rig “for operational reasons”. The UK oil group said that it was still in the process of ensuring any safety lessons learnt from its Gulf of Mexico spill had been fully implemented. FREEPORT DECLARES SPECIAL $1 DIVIDENDFreeport-McMoRan, the world’s biggest copper miner by market capitalisation, has declared a special $1 per share dividend as the price of the red metal continues to rise sharply on strong demand from manufacturing countries such as China. In a sign of the rapid financial turnround the big mining firms have enjoyed since 2009, Freeport declared a two-for-one stock split and the unloading of $471m of excess cash to shareholders.IASB PROPOSES HEDGE ACCOUNTING OVERHAULCompanies will have a more straightforward method of explaining their risk management activities under proposed changes to commonly used hedge accounting rules. However, the rewrite of International Financial Reporting Standards outlined yestesrday by the International Accounting Standards Board did not tackle portfolio hedging.GOLDMAN CDS TRADING ACTIVITIES UNDER FIREGoldman Sachs ’ trading activities in the credit insurance market in 2007 have come under attack after e-mails revealed a senior trader urged colleagues to “kill” some investors’ positions. Carl Levin, chairman of the Senate permanent subcommittee on investigations, told a hearing that the alleged activity “looks like a trading abuse to me”, although he added that at the time the credit insurance market was unregulated. THE TIMESFORMER LADBROKES BOSS LEADS THE GALLOP FOR THE POST AT THE TOTEThe former chief executive of Ladbrokes is being tipped as a frontrunner in the race to buy the Tote after saddling up with partners prepared to back a bid of at least £200m. The Times understands that Chris Bell, who left Ladbrokes in January after almost 20 years, has joined forces with GI Partners and RBS.POWERFUEL COLLAPSE THREATENS GOVERNMENT PLANSPlans to make Britain a world leader in a key new environmental technology were dealt a blow last night after the company behind one of only two remaining UK clean coal projects collapsed into administration. Powerfuel, which had planned to build the world’s largest clean coal power station in Yorkshire, called in KPMG to act as administrators.The Daily TelegraphCATALYST PULLS £40M SATELLITE INFORMATION SERVICES SALECatalyst Media Group has quietly shelved plans to sell its major asset – a near-21 per cent stake in Satellite Information Services – after failing to attract bids that met its £40m asking price. The Aim-listed company, which is valued at £24.2m, hired NM Rothschild earlier this year to explore the sale of its stake in SIS. STERLING WILL BE STRONGEST MAJOR CURRENCY IN 2011, SAYS BARCLAYSSterling will be the best-perfoming major currency next year, Barclays has forecast, as the UK gets its “house in order”. The prediction came as Barcap, the securities arm of the retail bank, also used its 2011 outlook to predict that stock markets will outperform government bonds and that the US economy will stage a stronger recovery than it has managed in 2010.THE WALL STREET JOURNALCABLES PAINT SHELL AS DISMISSIVE OF NIGERIA Royal Dutch Shell feared it could lose the bulk of its oil-license acreage in Nigeria after the country’s new Petroleum Industry Bill is passed, according to one in a series of diplomatic cables that offer glimpses into the intersection between business and politics in Africa’s biggest oil producer.BAYER TO INVEST €1BN IN CHINA German drug and chemicals maker Bayer said yesterday it plans to invest about €1bn (£840m) to double its polymer-production capacity in China over the next five years. Bayer said Bayer MaterialScience AG will invest in five separate expansion projects at the company’s manufacturing base in Shanghai to meet rising demand in the world’s fastest-growing major economy. WHAT THE OTHER PAPERS SAY THIS MORNING Show Comments ▼ 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 TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Thursday 9 December 2010 9:11 pm Share whatsappcenter_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA 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.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com KCS-content whatsapp Tags: NULLlast_img read more

Spain auction disappoints

first_imgThursday 16 December 2010 8:59 pm KCS-content Show Comments ▼ Spain auction disappoints YIELDS on Spain’s sovereign debt shot up ahead of a long-dated bond auction yesterday, even as the Spanish parliament voted to extend the country’s state of emergency to 15 January.The state of emergency keeps the country’s airports under military control after a strike about government cuts by air traffic controllers shut down the country in early December. After a warning yesterday from Moody’s that Spain’s credit rating is on review, yields on 10-year notes shot over 5.55 per cent this morning for the first time since November.The government auctioned off €2.4bn’s worth of 10 and 15-year debt – less than expected, at an auction described as “disappointing” by analysts. Analysts at BNP Paribas said the auction had “failed to generate any renewed confidence”.The sale was Spain’s second in a week, with its earlier short-dated bond auction of €2.5bn of debt on Tuesday seeing stronger demand. But the punitive yields being demanded by bond investors are stoking concerns that the Eurozone’s peripheral sovereigns will be unable to refinance their debt on a sustainable basis. According to Goldman Sachs, Spain needs to refinance €210bn worth of debt next year. The growing cost of borrowing for Eurozone states reflects the market’s lack of confidence that Europe’s leaders will be able to put the region’s finances on a sound footing as they meet for a second day of talks today. Investors are also worried by the fragile state of Spain’s banking sector, which was heavily invested in the property bubble. Share whatsapp whatsapp Tags: NULL 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 last_img read more

TD Bank buys Chrysler Financial

first_img Toronto-Dominion Bank is buying Chrysler Financial for $6.3bn (£4.1bn). Yesterday’s cash deal, which includes about $400m in goodwill, will make Canada’s second largest bank one of North America’s biggest bank-owned auto lenders. The bank won’t issue any stock to fund its purchase from Cerberus Capital Management. TD Bank buys Chrysler Financial Show Comments ▼ whatsapp Tuesday 21 December 2010 8:23 pm Share Tags: NULL whatsapp KCS-content More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.org last_img read more