Rio Tinto raises stake in Ivanhoe

first_imgMonday 13 September 2010 8:44 pm Rio Tinto raises stake in Ivanhoe Show Comments ▼ 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 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 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia whatsapp Sharecenter_img Rio Tinto, the Anglo-Australian miner, said yesterday it has raised its stake in Ivanhoe Mines to 34.9 per cent, following the conversion of a matured convertible credit facility.Rio Tinto has now invested about $1.73bn (£1.12bn) in Canada’s Ivanhoe, and it holds additional rights to subscribe for common shares in the company, which controls the big Oyu Tolgoi copper-gold project in Mongolia. Ivanhoe, led by well known mining financier Robert Friedland, is developing Oyu Tolgoi in partnership with Rio Tinto and the government of Mongolia. The $5bn project was finally approved in 2009 after years of negotiations with Mongolian government authorities. Rio has invested $1.73bn in Ivanhoe over the last four years as part of a private-placement agreement that was signed by both parties back in 2006.Rio Tinto now owns 184.75 million common shares of Ivanhoe. If Rio were to exercise all of its share purchase warrants it would own about 267.2m common shares, or roughly 44 per cent of the company.Ivanhoe has been using the funds from Rio to invest in the development of Oyu Tolgoi. whatsapp KCS-content Tags: NULLlast_img read more

Tuition fee cap is set to be axed

first_img More From Our Partners A 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Monday 11 October 2010 10:02 pm KCS-content whatsapp Share THE cap on university tuition fees should be abolished but graduates should be spared from having to repay them until they earn a minimum of £21,000 a year.These are the key recommendations that will be put forward by Lord Browne, the former BP chief executive, in his much-anticipated report into the funding of higher education, which will be published this morning. Currently tuition fees are capped at £3,290 per year while graduates are required to make repayments on fees once they begin to earn £15,000.Lord Browne will recommend that while the cap on tuition fees should be removed, a tapered levy should be introduced on those universities that charge more than £6,000 a year, effectively penalising those institutions that choose to do so. The report, which will be warmly welcomed by the Conservatives, is likely to cause their Liberal Democrat coalition partners some discomfort. In the run up to the election,?deputy Prime Minister Nick Clegg signed a pledge to vote against any fee hikes, along with all 57 Lib?Dem MPs.However, advisers to Clegg say he thinks he can sell a “radical” alternative to the status quo to his MPs. And Prime Minister David said he was confident of getting the reforms through the House of Commons. “I may be speaking too early but the signs are good,” he said yesterday. center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In 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 TimesZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Show Comments ▼ Tuition fee cap is set to be axed Tags: NULLlast_img read more

NATIONAL BUSINESS AWARDS CELEBRATE VERY BEST OF BRITISH

first_img NATIONAL BUSINESS AWARDS CELEBRATE VERY BEST OF BRITISH More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tuesday 9 November 2010 8:54 pm whatsapp Show Comments ▼ Sharecenter_img Tags: NULL 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 FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution whatsapp KCS-content “CELEBRATING” the Best of British was how Prime Minister David Cameron described the National Business Awards last night, speaking via a video link recorded before his trip to China this week. And a fine celebration the ceremony was too, honouring companies of all sectors and sizes across the UK economy, from niche tiddlers such as organic baby food group Ella’s Kitchen, to giants such as supermarket groups Waitrose and Tesco.Martin McCourt scooped one of the two headline awards of the evening, the Orange Leader of the Year, for his role as chief executive of Dyson, the entrepreneurial maker of whizzy vacuum cleaners (don’t use the H-word, or you’ll be lynched, apparently).The other went to retiring Tesco grandee Sir Terry Leahy, who is to leave the group next year after no less than 14 years at the helm. Not for our straight-talking Liverpudlian a future life of leisure, though.“There’s no such thing as leaving – I’ll be with Tesco for life,” Leahy told The Capitalist. “It’s important to let the new management team get on with it, but I will always be a big shareholder and will always be involved…”More directorships could also be on the cards, he admits, as well as ploughing more time into his care home charity foundation back in Liverpool. It’s a good job he doesn’t care much for golf.DRESS TO IMPRESSQuite apart from the numerous award winners, high-profile City businessmen and women thronged the hall, from Sir John Banham, chair of Johnson Matthey, to Whitbread’s Alan Parker and Nick Robertson, boss of online retailer ASOS.Robertson, chatting happily about a subject close to The Capitalist’s heart – fashion – is looking forward to pushing into new markets in Europe, much to the horror of the Brit fashion pack who pride themselves on their eclectic home-grown style.“I thought you might say that,” Robertson laughed. “It’s been the biggest barrier to our growth so far – the fact that ladies don’t like to share the secret of where they bought their stuff!” Can anyone blame us, I ask?JOKER’S CORNERGag of the evening went not to newsreader Huw Edwards, presenting the awards, nor to guest speaker Nick Clegg, the deputy Prime Minister, but to Tom Bewick, the little-known chief executive of Dragon Peter Jones’ charity the National Enterprise Academy.“I feel like Pamela Anderson’s fifth husband,” Bewick began, addressing the audience between courses. “I know what I’ve got to do, it’s merely a question of making it interesting…”BOO HISSFinally, a note on how to quickly gauge the level to which your company has risen or sunk in the eyes of the general public: get nominated for an award. Booze and leisure firms yesterday elicited the largest cheers, moving down the scale towards the Royal Bank of Scotland – half hisses, half cheers – and finally hitting rock bottom with HMRC, greeted with a barrage of pantomime booing. last_img read more

Coop members donate dividends

first_img Coop members donate dividends Share whatsapp Cooperative group members are collectively donating £1.2m of their interim dividend to charity. The 4.9m members of the scheme have earned £16.9m from spending in Coop businesses, but half of all those receiving cash payments have opted to donate. The money will be distributed between community groups.Members usually receive one point for every £1 spent with the group. Each point is worth 1p in the interim dividend, and paid either in vouchers or into a bank account. Tags: NULL Show Comments ▼ whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking 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 Proof KCS-content Monday 29 November 2010 8:14 pmlast_img read more

Thomas Cook profits down after tough year

first_img Tags: NULL alison.lock UK HOLIDAY operator Thomas Cook reported full year results at the lower end of analysts’ expectations after a “demanding” year today.Profit before tax fell six per cent to £277m from £295m in 2009, while revenues were down four per cent to £8.89bn from £9.27bn the previous year. The firm will pay a final dividend of 10.75p, unchanged from 2009’s results, and has announced it will restructure its UK operations to generate £40m to £50m in cost savings. “We recognised at the outset that 2009/10 would be demanding given the uncertain economic outlook and, accordingly, we took early action to deal with the challenges,” said chief executive Manny Fontenla-Novoa.“While we made good progress in many of our operating segments and delivered a strong improvement in operating cash flow, trading in the UK was even tougher than anticipated.”Revenues were hit by the closure of EU airspace for five days in April due to the volcanic ash cloud from Iceland, which “severely disrupted” trading, as well as capacity reductions in its winter travel offerings.The ash cloud caused it an estimated £52.9m of direct losses from managing stranded customers as well as £29.2m in lost margins from its inability to operate, it said.Thomas Cook, Europe’s second-biggest travel firm, said much-improved performances in its central European and German businesses were not enough to offset the decline in the UK. Its northern and western European operations also recorded profits.The UK was affected by “significant foreign exchange headwinds and softer demand over the summer,” the results statement said.To reduce its UK cost base, Thomas Cook has cut of 500 managerial and support jobs and will also renegotiate supplier costs, reduce its buying requirements and upgrade its IT infrastructure. It expects the changes to cost £20m to implement, incurred in the 2010/11 financial year, but believes they will mitigate any further UK deterioration. It described the outlook as “encouraging,” but Numis analyst Wyn Ellis remained unconvinced. “We believe that another tough year is in prospect with debt concerns within the Eurozone adding to the uncertainty,” he said. “In such circumstances we find it difficult to identify a near term catalyst and whilst the shares look cheap they may continue to drift.” whatsapp 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 TimesUndomoneycougar.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 FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsappcenter_img Wednesday 1 December 2010 5:51 am Share Thomas Cook profits down after tough year Show Comments ▼last_img read more

Marriott hotels to spilt in two

first_imgMonday 14 February 2011 9:46 pm Tags: NULL Marriott hotels to spilt in two Share 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald 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 Wrapcenter_img KCS-content Hotel operator Marriott International said yesterday it plans to split into two publicly traded companies by spinning off its timeshare operations into a separate company. It also reported fourth-quarter net income of $173m (£108m), compared with $106m, a year earlier, as a strengthening economy enabled more companies to send employees back out on the road to do business. whatsapp whatsapplast_img read more

New man to lead the Bundesbank

first_imgWednesday 16 February 2011 8:38 pm Show Comments ▼ Share whatsapp Tags: NULL New man to lead the Bundesbank KCS-content IN a mark of continuity, Jens Weidmann, Angela Merkel’s chief economic adviser and a protege of his predecessor Axel Weber, will be the next Bundesbank president.At just 42, Weidmann will be its youngest-ever head when he takes the helm on 1 May, but he backs the same tough stance on inflation as German chancellor Merkel and Weber.He is also known as politically-savvy and able to provide a more diplomatic tone than Weber, who has been criticised for opposing key European Central Bank policies such as its bond buying programme.Merkel said Weidmann would maintain Germany’s policy to keeping the euro stable by fighting inflation, pursued under Weber.“Everyone acquainted with Jens Weidmann knows he is highly competent on the issues, has a brilliant intellect and an independent mind,” Merkel said. She added: “We are all convinced that he will be an outstanding president of the Bundesbank and will represent Germany and use his voice in the European Central Bank to promote a stability culture.” Weidmann has spent the past five years advising Merkel through the credit crunch, recession and Eurozone sovereign debt crisis. department.He has also worked at the International Monetary Fund and in the Bundesbank’s monetary policy team. 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 whatsapplast_img read more

What the other papers say this morning

first_img What the other papers say this morning Wednesday 16 February 2011 9:06 pm Tags: NULL whatsapp Share 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com FINANCIAL TIMESOAKTREE RETURNS INVESTOR’S CASHOaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure of Lehman Brothers in September 2008. But Mr Karsh is now telling his investors he cannot decide what to do with their money, these people say.A ROUND OF JOB CUTS HITS ATKINSThe shortfall in government funding for large building projects has pushed Atkins into a round of job cuts, as the design and engineering group looks to scale down its UK business.Atkins, which generates just over half of its revenues in the UK, said it would cut 300 jobs by April – taking total staff to 17,000 – and relocate a small number of people to the Middle East.OSBORNE EYES LOOSER LIQUIDITY SCHEMEGeorge Osborne is looking at ways in which Britain’s tough bank liquidity rules might be eased, potentially saving banks hundreds of millions of pounds and releasing funds for lending to businesses and homeowners.The chancellor is looking sympathetically at claims by the banks that Britain’s regulators have gone too far. PEPSI BACK ON SAINSBURY’S SHELVESPepsi is back on Sainsbury’s shelves following a standoff over pricing, setting the tone for what promises to be a tough round of negotiations between suppliers and retailers. Sainsbury is understood to have caved in, at least partially, on the higher prices demanded by Britvic after the Pepsi bottler stopped supplies.THE TIMESAUSTERITY SINKS PORTUGAL INTO RECESSIONSpending cuts and tax rises have led Portugal into recession as it aims to cut its budget deficit, the country’s central bank governor said today. Carlos Costa’s admission came ahead of a sale of up to €1bn in treasury bills seen as a vital test of market sentiment towards the eurozone’s weakest economies.NORTH KOREA BACK IN PLAY WITH CHINA TRADENorth Korean exports to China soared by 51 per cent to $1.2bn (£740m) in 2010 as the impoverished regime sold its coal, iron ore and other natural resources into the Chinese market. At the other end of the relationship, and in a year where North Korea sunk a South Korean warship, Chinese exports to North Korea rose 21 per cent higher to $2.3bn.The Daily TelegraphEASYJET IN EXECUTIVE PAY WRANGLESir Stelios, easyJet’s founder and largest shareholder, said last week that he would oppose the airline’s pay package for directors because of a £1m payment made to former chief executive Andrew Harrison between April 1 to September 30 last year, which includes three months after he left easyJet.SINGAPORE BEATS LONDON AND NYSingapore has beaten London and New York as the number one career destination for UK investment bankers, research has revealed. The study suggests over-regulation in the UK could be damaging London’s reputation and lead to a brain drain of talented staff that threatens to derail the recovery, according to Astbury Marsden, a financial recruitment firm which carried out the survey.THE WALL STREET JOURNALFIRMS WANT WHISTLEBLOWER CHANGELarge US companies are asking the Securities and Exchange Commission to require that workers report wrongdoing to employers in order to be eligible for payments under the agency’s new “whistleblower” programme. Google Inc. and General Electric Co. are among the more than two dozen companies that have written letters to the SEC, asking the agency to revise its proposed rules. G20 FRET OVER INFLATION TARGETSTop officials from the Group of 20 industrialized and developing nations have agreed to draw up a “limited set” of indicators aimed at curbing global economic imbalances and better coordinate economic policies, but have yet to decide what those indicators will be, according to an early draft of a statement due to be released by the G-20 on Saturday. KCS-content Show Comments ▼ whatsapplast_img read more

Core price pressures grow for US

first_img Tags: NULL Core price pressures grow for US KCS-content AMERICA’S recovery was boosted yesterday, with several data releases boding well for the world’s largest economy.However, the Federal Reserve faces more criticism after core inflation rose at its highest rate for over a year.Consumer price inflation for January came in higher than expected, at 0.4 per cent month-on-month. Core prices – excluding food and energy costs — increased by 0.2 per cent – the largest gain since October 2009. The index rose 0.1 per cent in December.Meanwhile, the US leading indicators – which gauge the economic outlook – rose for the seventh straight month in January, increasing by 0.1 per cent on the previous month.“The three month annualised rate remained high at 8.2 per cent, an encouraging sign that overall growth is indeed set to be stronger in 2011,” said Nicholas Tenev of Barclays Capital.Signs of economic strengthening were also reflected in the Philadelphia Fed manufacturing index which jumped to 35.9 in February from 19.3 in January, well above expectations.The employment part of the index rose to a 37 year high of 23.6, from a previous level of 17.6. 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 whatsapp Show Comments ▼ Share whatsapp Thursday 17 February 2011 7:51 pmlast_img read more

Qatari wealth fund buys 6pc of Iberdrola

first_imgMonday 14 March 2011 9:27 pm KCS-content SPANISH energy company Iberdrola will sell a six per cent stake to Qatar’s sovereign wealth fund, in a strategic alliance valued at €2bn (£1.7bn).Qatar Holdings, which is part of the Qatar Investment Authority, will buy 338m new Iberdrola shares at a discounted price of €5.63 each, below the company’s previous closing price of €5.96. Iberdrola said that the deal will boost its balance sheet and protect its credit rating. The company has been looking to limit its debt since the acquisition of Brazilian power company Elektro Eletricidade e Servicos in January this year for €1.8bn. It also pledged €2.5bn last week to buy out minority shareholders in its Iberdrola Renovables arm, which focuses on renewable energy. The deal will give Iberdrola a ballast against its largest single investor, Spanish construction group ACS, which holds a 20.2 per cent stake in the company. ACS, run by chief executive Pervez, is suing Iberdrola for seats on its board, with Perez saying last month that he was “more committed than ever to being its biggest shareholder”.Qatar Holding bought the Harrod Group from Mohammed Al-Fayed in May last year, and was linked to a bid for Manchester United in December. Iberdrola’s stock price climbed 2.6 per cent in early trading on the Madrid Stock Exchange, before settling to close 0.3 per cent up at €5.98. Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo whatsapp Qatari wealth fund buys 6pc of Iberdrola center_img Share whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼last_img read more