England star Nick Easter is the new face of QBE

first_imgThursday 16 September 2010 8:26 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By 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.com ENGLAND and Harlequins rugby star Nick Easter has been appointed by business insurance firm QBE as its new brand ambassador. QBE, which is an official partner of England Rugby, said the partnership with Easter begins immediately and runs until December 2011 – soon after the Rugby World Cup in New Zealand.The deal will see the Number 8 become the face of the company’s rugby activity, attending key industry events.At the end of 2009 QBE’s turnover was £6bn, making it one of the largest insurance firms in the UK.“Nick was a great choice to represent QBE’s rugby sponsorship,” said Steven Burns, chief executive officer of QBE European Operations.“Not only is he a superb rugby player and a great leader but he also shares many of QBE’s values, making him an ideal figurehead for us.”Easter signed for Harlequins in 2004, winning the Harlequins player of the year award for two years running. He played for England in all six games at the 2007 Rugby World Cup. whatsapp KCS-content England star Nick Easter is the new face of QBE Show Comments ▼center_img 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.comNative 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.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com whatsapp Share Tags: NULLlast_img read more

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Google wins key piracy case in Spain

first_img Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com KCS-content whatsapp Google wins key piracy case in Spain GOOGLE yesterday won a landmark ruling when a Spanish judge threw out a claim it should be responsible for pirated content on its YouTube service.Broadcaster Telecinco said it had suffered as a result of hit shows appearing on the video-sharing website before they are broadcast in Spain.But a judge said the anti-piracy measures in place are sufficient and responsibility lies with the copyright holder to alert Google to breaches.The win will come as a massive relief to Google, which would see YouTube grind to a halt if it was forced to monitor every piece of content uploaded.Google claimed the ruling was a win for internet freedom. A Google spokesman said: “We are very pleased with today’s ruling. The win today confirms what we have said throughout this process: YouTube complies with the law.”This is the second major victory for Google this year. In June a US judge threw out a $1bn (£670m) lawsuit accusing the company of turning a blind eye to illegal videos on YouTube.Viacom claimed “tens of thousands of videos, resulting in hundreds of millions of views,” had been posted based on its copyrighted works.It said Google ignored the infringements but US district judge Louis Stanton decided it would be unfair to hold the internet giant liable for simply having a “general awareness” that videos might be posted illegally.Instead he said sites like YouTube should not be held accountable for monitoring content uploaded by third-party users, so long as it complied after a complaint was lodged.Viacom says it plans to take the case to the US second circuit court of appeals, claiming Stanton’s ruling was “fundamentally flawed”. center_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 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 Thursday 23 September 2010 8:25 pm Show Comments ▼ whatsapp Sharelast_img read more

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Weak US employment figures give Fed room for fresh policy stimulus

first_img Tags: NULL Weak US employment figures give Fed room for fresh policy stimulus 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 PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderUndo whatsapp KCS-content center_img More From Our Partners Police 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.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com US private employers unexpectedly shed jobs in September, reinforcing the conviction that the US Federal Reserve as early as next month will embark on another round of monetary policy stimulus to support the economic recovery.ADP’s national employment report yesterday said US private employer payrolls fell by 39,000 jobs in September. The median forecast from a Reuters poll was for an increase of 24,000 jobs.The Fed’s decision on further quantitative easing, due at their early November policy meeting, will likely hinge on inflation and labor market developments and the monthly US Labor Department report on employment tomorrow.The non-farm payrolls report will likely show zero growth in September from August as a further unwinding of temporary US Census jobs and layoffs at state and local governments offset a slight pickup in private hiring, according to a Reuters survey.A strong payrolls reading is possible, said Zach Pandl, US economist at Nomura Securities in New York. “But in general if we get anything looking like this on Friday, ‘QE2’ is a done deal at the November 3 (Fed) meeting.”Another report yesterday showed the number of planned layoffs at US firms rose slightly in September, though it was the second lowest level of the year, according to the report from consultants Challenger, Gray & Christmas.The Fed last month said it was ready to inject more money into the economy if needed to shore up a sluggish recovery. Show Comments ▼ whatsapp Wednesday 6 October 2010 7:28 pmlast_img read more

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ING prepares for two IPOs post bailout

first_img Share Show Comments ▼ KCS-content Dutch bankassurance group ING said yesterday it planned two initial public offerings, rather than one, for its insurance activities as part of a mandatory split-up imposed because of its state bailout.Chief executive Jan Hommen said two IPOs could allow ING to achieve a higher valuation and raise more money for insurance assets with a combined book value of €21bn (£17.9bn). The group still needs to repay half of its €10bn Dutch state capital injection. “While the option of one IPO remains open, we are going to prepare ourselves for a base case of two IPOs for our insurance business,” he said.A Europe-focused IPO would have a solid cashflow combined with strong growth positions in developing markets, he said, while a separate US-focused IPO would have a strong position in retirement services.ING shares opened weaker before closing 2.4 per cent higher at €8.16, below a year high of €8.18 set in October and after a 15.5 per cent rise this year for a market value of some €30bn. The two IPOs would give ING more flexibilty as investors used different valuation models for operations in the US and Europe while European Solvency II regulatory changes would make the US business less competitive, Hommen added.Hommen said while the fourth quarter of 2011 was still possible as a window for the market operations, 2012 was more likely for the floats in Amsterdam and New York.He added that the group is still in talks with many interested parties about the insurance operations.The smaller WestlandUtrecht Bank unit will run as a standalone unit from 18 November. The ING brand will stay with banking activities. The split of ING into banking and insurance businesses will reverse its creation through the merger nearly 20 years ago of bank NMB and insurer Nationale Nederlanden. ING prepares for two IPOs post bailout More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comcenter_img Wednesday 10 November 2010 7:47 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Tags: NULL whatsapplast_img read more

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Qatar attacks Boeing over Dreamliner

first_img whatsapp Tags: NULL whatsapp KCS-content QATAR Airways has threatened to hand extra business to European aircraft giant Airbus after attacking Boeing over problems with its new 787 Dreamliner.Chief executive Akbar Al Baker said the airline was considering increasing its order for five Airbus A380 super-jumbo planes and might order a re-engined version of the A320 single-aisle jetliner. He did not say how many more A380s it might order.Qatar has expanded its fleet from four to 94 aircraft in 13 years and has orders for 200 more from Airbus and its US rival Boeing worth $40bn, including 30 Dreamliners.Al Baker said Boeing had “failed” in developing its 787 Dreamliner, which is expected to suffer further delays following a fire on a test flight.Boeing’s development of the carbon-composite 787 is running around three years late and brokers expect a further delay as it addresses the cause of a fire which led to the test flight being grounded two weeks ago.Al Baker said Qatar had been notified of some delays to 787 deliveries but declined to say whether this was before or after the test flight incident.“I was really taken aback by the [787] programme. I never expected a programme could be delayed so much with a company like Boeing, which has pride in its quality. They have very clearly failed,” he said.Boeing declined to comment on Al Baker’s comments, but said it had determined the cause of the fire and was making changes to the jet. It expects to say more about 787 deliveries in the next few weeks. The first 787 had been due for delivery in 2008 to launch customer All Nippon Airways. Qatar has not chosen engines for the 500-seat plane and the blowout of a Rolls-Royce Trent 900 engine on a Qantas A380 would not affect it, he said. Share Qatar attacks Boeing over Dreamliner Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Thursday 25 November 2010 7:33 pmlast_img read more

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Gender pay gap narrows

first_imgWednesday 8 December 2010 8:20 pm Gender pay gap narrows whatsapp Share KCS-content WOMEN’S pay packets are catching up with those of their male counterparts, the government said yesterday.The gender pay gap fell to 10.2 per cent in April, down from 12.2 per cent the previous year – the sharpest fall since the measure began in 1997.Women’s hourly pay increased by 2.6 per cent during the surveyed period, considerably higher than the 0.3 per cent growth in men’s wages, according to the Office for National Statistics.“In 1997 the gap for full timers was around 17 per cent, and it’s now dropped to around 10 per cent,” said ONS statistician Mark Williams.For part time work, women’s average weekly wage (£157) is higher than men’s (£142), the report revealed. Yet only 12.5 per cent of board level positions at FTSE 100 companies are occupied by women.This week the coalition government scrapped plans to force companies to publish the pay gap between their male and female employees.Fresh legislation and regulation would not deliver progress, the Equality Strategy said. center_img Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Tags: NULLlast_img read more

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Ladbrokes to take a punt on rival 888

first_img Tags: NULL whatsapp BOOKMAKER Ladbrokes is preparing a £240m takeover approach for online casino and poker group 888.The betting company is understood to be considering a 70p-a-share deal to buy the online firm, in the first major takeover by new chief executive Richard Glynn.Glynn, who joined from spread-betting firm Sporting Index earlier this year, is understood to be keen to improve the bookmaker’s position in the online market. Although Ladbrokes has strong market presence on the high street, the firm has lost out to rivals online in recent years, and a move for 888 could help to improve its position.Yet the bid could face stiff competition from rivals, with online bookmaker Sportingbet thought to be among other big betting firms who could enter the running.The deal is considerably lower than a £470m bid for 888 attempted by Ladbrokes’ former chief executive Chris Bell four years ago.Concerns over a US Department of Justice crackdown on online betting led to board members refusing to back the plan.American lawmakers introduced legislation in 2006 effectively banning online gambling, handing a raw deal to British betting companies operating in the US.888 remains at risk to prosecution by the US, unlike rivals PartyGaming and Sportingbet, who have both struck deals with the DoJ.Should lawmakers repeal the ban, betting firms could move to unlock the potentially lucrative US market. Last year it was worth an estimated $5.4bn (£3.5bn), a figure that could rise to between $12bn and $16bn if the market is opened up.Ladbrokes told City A.M. it was in preliminary discussions with 888, but added that no offer had been made. Show Comments ▼ Share whatsapp Ladbrokes to take a punt on rival 888 Sunday 19 December 2010 10:13 pm KCS-content 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comlast_img read more

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SUPPORT THE TROOPS AND GIVE YOUR BRIGHT YOUNG THING A CITY JOURNALISM START

first_img Show Comments ▼ SUPPORT THE TROOPS AND GIVE YOUR BRIGHT YOUNG THING A CITY JOURNALISM START whatsapp Share KCS-content Wednesday 2 February 2011 7:21 pm whatsapp WITH Apprentice Week kicking off on Monday, readers should be wise to a special charity sale going on next week as City A.M. gives some bright young thing a two-week internship to kickstart their business journalism career.The auction is taking place at the Square Mile Salute, a charity banquet supported by City A.M. next Friday in aid of three troops’ charities: Help for Heroes, the Royal British Legion and ABF (formerly the Army Benevolent Fund) The Soldiers’ Charity. The food will be prepared by 12 world-class chefs over numerous courses, with William Curley, winner of the best British chocolatier award in 2007-2009, serving delectable treats. Boris Johnson will kick off the evening and Jeremy Clarkson will be assisting the auction, with a range of City firms already signed up to host tables.And for those without a budding young journalist in the family, the charity auction will also feature a two-day stay at the Fairmont Monte Carlo during the Grand Prix and a holiday on Sir Richard Branson’s Necker Island. The good news is you can still snap up one of the last tables for a £3,500 donation to our troops. Visit www.chamberlainsoflondon.com to book one.SLOPING OFFA team of intrepid lawyers from City law firm Norton Rose risked frostbite, altitude sickness and worst of all, the loss of Blackberry signal last week, when they took on a 150km ski hike through the French Alps.Twelve lawyers joined a group of skiers on the excursion, which spanned 15 resorts close to Morzine and included night hikes to complete the distance within the 48-hour deadline.The gruelling challenge was all in the name of charity of course, with sponsorship raised going to the London arm of Snow-Camp – a youth charity that provides ski, snowboard and life-skills lessons to young people from 12 London boroughs.The skiers taking to the slopes at the World Economic Forum in Davos last week, on the other hand, can’t quite boast such a generous cause.CHANGE OF ADDRESSEven as David Cameron made the surprise appointment of Craig Oliver to handle his press operation, it seems that special newspaper deliveries to the old Downing Street comms director Andy Coulson are still piling up on the threshold of Number 10. Drowning under the weight of the avid media consumer and ex-News of the World editor’s many regular deliveries, staff have sent out an explicit letter: “Andy Coulson has now left Downing Street”, it says bluntly. “I will inform you when to add his successor to your distribution list.” That’ll be one freshly ironed copy of City A.M. coming your way daily, Mr Oliver.AND THE WINNER ISWith just over three weeks to go until this year’s official Academy Awards, Nomura will be challenging its very own glitterati at an Oscars Quiz night tonight, in aid of the Teenage Cancer Trust (TCT).More than 240 Nomura employees will walk the red carpet before being quizzed by BBC sports presenter Gabby Logan (pictured left), ably assisted by her very own in-house assistant – Nomura’s joint chief operator of wholesale, Paul Spanswick.The bank hopes to raise over £10,000 tonight towards the creation of a new day centre at University Hospital, London, bringing the firm’s total contribution to the TCT to over £800,000.Proof that even the embarrassment of not knowing any answers to the quiz can be a worthwhile endeavor. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Tags: NULLlast_img read more

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India hopes Cairn deal will proceed

first_img KCS-content India hopes Cairn deal will proceed 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp INDIA’S oil secretary said yesterday he was hopeful of finding a “positive solution” to Cairn India’s plans to sell a controlling stake in its Indian unit to Vedanta Resources.Oil secretary S. Sunderashan’s remarks are the strongest sign yet that the proposed deal, valued at up to $9.6bn (£5.9bn), could go through by 15 April, the target date set by both Cairn and Vedanta to seal the transaction.The final call on the matter lies with India’s new oil minister S. Jaipal Reddy.Cairn Energy agreed in August to sell between 40 and 51 per cent in Cairn India to Vedanta, but the deal has been delayed on rumblings from the Indian government and its partner in the big Rajasthan blocks, Oil and Natural Gas Corp.“We had constructive discussions with the representatives of Cairn and Vedanta. We hope to move forward to a positive solution,” Sundareshan said after a meeting of all stakeholders in the oil blocks in the western Rajasthan state.He said the steps were being taken to expedite the deal but did not give a specific timeframe.Separately, Cairn India also termed yesterday’s meeting with Indian officials as “constructive,” adding it hoped to seal the deal by 15 April.The approval will expedite completion of the biggest merger and acquisition deal in the Indian oil sector and could boost investor sentiment about the business climate in Asia’s third biggest economy.State-owned ONGC, which has a 30 per cent stake in the Cairn-operated Rajasthan fields and pays royalties on the entire output, has said it would not block the planned deal but wanted the royalty issue to be resolved. Sunday 6 February 2011 9:58 pm center_img whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBe Tags: NULL Show Comments ▼last_img read more

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SocGen sees profit recovery on track

first_img French bank Societe Generale’s plan to get profits back to pre-crisis levels is on track, it has said, after a pick-up in retail banking and its equities derivatives business helped boost fourth-quarter earnings.Its chief executive, Frederic Oudea Oudea, said revenues were growing at its investment bank, a key element in the group’s 2012 turnaround target, to help the bank’s shares hit a 13-month high.“2011 means more revenues than 2010, that is clear,” said.SocGen, France’s second-biggest bank, has already said it will “optimise” its portfolio of assets via sales and acquisitions, but Oudea said for now there were no attractive assets on the market.SocGen shares were up 4.7 per cent, at €51.16 (£43.00), after the bank met expectations with a near quadrupling in its fourth-quarter net profit and announced a sharp increase in the dividend.“This (fourth-quarter result) justifies the rebound of the stock over the past few months … The dividend increase is also a good sign,” said Francois Chaulet, head of Montsegur Finance.Its rise lifted rivals BNP Paribas, Credit Agricole and Natixis by between 3 and 4.7 per cent.SocGen stuck to its 2012 net profit target of €6bn after reporting a 2010 profit of €3.9bn, more than five times its 2009 level and above its 2006 level of €5.2bn, before the bank hit trouble.Oudea is attempting to boost investor confidence after the financial crisis and the Jerome Kerviel rogue trading scandal and catch up with arch-rival BNP, whose market value is now almost double SG’s. BNP’s shares are down 27 per cent since the end of 2006, while SocGen’s have tumbled 55 per cent.SocGen also said it would not need to raise new capital to maintain its core Tier 1 capital adequacy ratio at 8.5 per cent when tougher Basel III banking rules are introduced from 2013. The ratio was 8.5 per cent at the end of last year. SocGen sees profit recovery on track Tags: NULL Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap alison.lock Share Show Comments ▼ whatsapp whatsapp Wednesday 16 February 2011 11:52 amlast_img read more

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