Google and Skype face India woes

first_img Tags: NULL Wednesday 1 September 2010 8:02 pm Share whatsapp Home secretary GK Pillai said notices were being sent to Google and Skype asking them to set up servers in India and allow access to web data that officials fear could be misused by militants.Several other countries, most of them in the Middle East, have raised concerns that the BlackBerry might be used to aid terrorism or peddle pornography.But India could be the first to act against firms such as BlackBerry maker RIM, setting a precedent that could hurt companies with a reputation built on system security.Such moves could also impact the shape of India’s mobile phone market, the world’s fastest-growing, and possibly hand gains to Apple and Nokia, BlackBerry’s two biggest smartphone rivals in India.Pillai’s comments come after a long standoff between India and BlackBerry over a workable way for the government to monitor its data. India has said it wants the means to fully track and read BlackBerry communications.RIM won a reprieve this week after the government said the smartphone company had offered some solutions to access data which it was studying. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ India yesterday launched a clampdown on major internet communications firms, including Google and Skype, and began accessing some BlackBerry traffic in a campaign driven by security fears. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsSmartAnswers.netThis New Volkswagen SUV Is The Car Of Your Dreams.SmartAnswers.netThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Times whatsapp Google and Skype face India woes last_img read more

Rise in British jobseekers advances Staffline profit

first_img Tags: NULL Share KCS-content Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndo Monday 6 September 2010 8:16 pm Rise in British jobseekers advances Staffline profit Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More BLUE-COLLAR recruitment specialist Staffline Group posted a 50 per cent profit rise yesterday as it takes advantage of a glut of jobseekers to plug demand for temporary labour.Staffline said pre-tax profit jumped to £2.1m in the first half of the year on turnover up 70 per cent to £83.4m, boosted by demand for temporary staff, acquisitions and an increase in British people looking for work.“Good people have lost their jobs through no fault of their own but they’re good employees and therefore we can help get them back to work,” chief executive Andy Hogarth said.“We’ve seen an increase in the number of British born-and-bred people, our workforce is now just under a third of British-born people, it was running at 20 per cent a couple of years ago,” he added. Small-cap white collar recruiter Hydrogen also reported results yesterday, showing a modest profit, largely due to its focus on overseas markets.Shares in Staffline, which finds workers for food processors and manufacturers, rose 29.5 per cent to 129.5p yesterday. whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapplast_img read more

Former US Treasury chief joins BA board

first_img Tags: NULL Former US Treasury chief joins BA board KCS-content Monday 27 September 2010 8:43 pm whatsapp Show Comments ▼center_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By 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 whatsapp Share FORMER US Treasury secretary John Snow, and Telefónica chairman César Alierta, are to join the board of the newly formed International Airlines Group (IAG) as non-executive directors, it was announced yesterday.The company, which is being formed by the planned merger of British Airways and Iberia, will create Europe’s second-largest airline by market value after Lufthansa. Under the rules of the merger, BA had to nominate a Spaniard to the board, Iberia had to choose a Briton and both had to pick someone who was neither Spanish nor British.Alierta and Snow, an appointee of former US president George W.?Bush, are two of four new faces on the 14-member board of IAG, which will be chaired by Antonio Vázquez, current Iberia chairman. Willie Walsh, BA chief executive, will become chief executive of IAG. Patrick Cescau, former Unilever chief executive and Kieran Poynter, former chairman of PricewaterhouseCoopers are the other two non-executive directors. Last week the merger cleared a significant hurdle when Iberia said it had decided not to exercise its right to cancel the deal over a BA employees’ pensions deficit of £3.7bn. last_img read more

The head of the world’s largest law firm reveals his plans for expansion

first_imgSunday 5 December 2010 10:56 pm Share Tags: NULL whatsapp whatsapp Show Comments ▼center_img The new chairman of Baker & McKenzie has a tricky hand to play. Eduardo Leite, who began his three-year term at the beginning of last month, may lead over 10,000 staff (including 4,000 lawyers) spread over 40 countries in 68 offices. And the firm may have produced the biggest revenues in the industry this year with annual sales of $2.1bn (£1.3bn), down 0.4 per cent on the year before, but with average partner profits up 13 per cent at $1.1m.But Leite, a polished energy and commodities partner from the firm’s Sao Paulo office, admits “we want to grow the firm. Not just financially but in stature and reputation.”A trim Leite, who is Uruguayan by birth but was raised in Brazil, is sitting in a smart sixth-floor meeting room in the firm’s City offices alongside Gary Senior, who in May began his third three-year term as London managing partner.And perhaps London goes a long way in summing up Baker & McKenzie’s conundrum. With around 400 lawyers and sales of £115m last year, London is the firm’s biggest office, but this only puts it at around 15th in the London league tables of the capital’s biggest law firms, well behind leading Magic Circle outfits like Slaughter and May and Linklaters. This clearly frustrating for Baker & McKenzie.INTERNATIONAL EXPANSIONIts relatively small presence here is readily explainable. While its London office offers a strong broad-based City offering, it does not capture as large a share of corporate and banking work as its bigger City rivals are able to do. This situation is even more pronounced in New York, Frankfurt and Paris. The firm manages its powerhouse status due to its global reach and its industry strength.Baker & McKenzie was founded in Chicago in 1949, but always thought internationally. The second office it opened was in Caracas in 1955. It has been in London and Brazil for almost 50 years. The firm was even the first international legal outfit to set up an office in China in 1974 and Russia in 1989.The business has a huge exposure to the fast growing markets of Latin America, Asia Pacific and the Middle East. Leite himself has worked on big deals for Brazilian mining giant Vale and the South American country’s biggest oil business, Petrobras.Baker & McKenzie also has its core strengths in many of the industries these emerging economies are forging ahead in. The firm has big practices in energy, commodities, IT and pharmaceuticals.Leite says: “We are strong in emerging markets, and we are seeing a lot of big deals being carried out in this region.”MCKENZIE’S MID-TIER TAGJust last week the firm acted for Chinese state oil firm CNOOC, which owns half of Bridas, when it bought 60 per cent of BP’s Pan American Energy unit for $7bn. In London, its employment department is currently acting for British Airways during its 14-month cabin crew dispute with the Unite union. And in March the London M&A team acted for Canada’s Ontario Teachers’ Pension Plan when it bought national lottery operator Camelot for £389m. However, because the firm’s corporate and banking practices lag behind their closest rivals, and due to its looser network structure, critics say that in some sectors and offices the business can feel more like a mid-tier operation.“To call us mid-tier is maybe unfair,” says Leite, in his soft-spoken accent that darts between North and South America. “But we are not satisfied with our position in many areas. We want to strengthen our position in the money centres. Germany, London, Paris and New York are all top of our agenda.”Leite says he will add new hires to those offices where he can, but will also continue the firm’s internal audits, which sees every office visited at least once every three or four years with the aim of improving quality across the firm.The new chairman says the firm is determined to exploit the international footprint that 55 years of expansion has given it. He says: “We are not new to the global game. That gives us an advantage.”FOCUS ON EMERGING MARKETSBut Leite adds that rather than focusing on opening more offices under his watch he plans to “strengthen our presence” in the firm’s key markets in Latin America, Asia and the Middle East.The chairman says he is broadly happy with the spread of its sales across the world; he just wants to get in on bigger deals in each region. Last year 39 per cent of its revenues came from Europe and the Middle East, 35 per cent from the US and Latin America, with the rest coming from Asia.Leite says: “Because of our large footprint in the emerging markets we have not suffered as much as other firms did during the recession. Transactions have fallen off around the world. But our strength in fast growing markets has kept us strong.”The drive by Baker & McKenzie chairmen to push the firm up the food chain began ten years ago under Christine Lagarde, who is now French finance minister. She chaired the firm for four years from 2000, and was replaced by John Conroy, who was chairman until last month.Leite says: “John and I served with Christine on our executive committee. And I worked with John on the committee when he was chairman. There is a lot of continuity in this firm. We all want to raise our global offering.” Both Leite and his London head Senior think there will be more dealmaking next year, though it won’t be an easy road ahead.Senior says: “There are much better levels of confidence than there were 18 months ago. But there is currently a nervousness about making investments. The slightest thing can hold back a deal. In my entire career I can’t remember a time when deals have been so fragile.”The London boss adds: “There are two further challenges to dealmaking. The first is valuation. Trying to properly value an asset is a bit like trying to catch a falling knife in this market. The other is psychological. In an upturn directors can lose their jobs for not doing enough deals. Now you can lose your job for doing one bad deal.”RETURN OF DEALMAKINGBut Senior concludes: “However, the fundamentals are in place in the City. Corporates and private equity houses have cash. And I think at some point next year things will stabilise enough for the IPO and buyout markets to take off again.”Leite agrees, and wants a ringside seat. He is in the process of moving his office from Sao Paulo to Chicago, as is traditional for every Baker & McKenzie chairman. But he will also have an office in London. However, he does not look set to spend very much time in either of these cities. He estimates he will spend 60 per cent of the next three years on the road talking to clients and staff. He says: “I need to be close to what is going on. You can’t be a virtual chairman.”Leite is the latest in a line of capable chairmen tasked with overhauling the reputation of this global giant. It will be painstaking work – but the payoff could be huge if it succeeds.CV | EDUARDO LEITEAge: 60Work: Joined the firm in 1975; served on the firm’s executive committee from 1999 to 2003; chaired its policy committee in 2005; he has been Brazil managing partner since 2003 and also heads the firm’s global energy, mining and infrastructure practice; chairman since 1 November 2010Education: Institute of Osimani y Llerena, University of Uruguay, University of Sao Paulo and New York University Family: Married, two daughters who live in New York: one is a sculptor, the other is a filmmaker. Leite and his wife live between Sao Paulo and Chicago Hobbies: Supports Sao Paulo football club The head of the world’s largest law firm reveals his plans for expansion KCS-content last_img read more

Wikileaks founder still in jail

first_img whatsapp Share Tuesday 14 December 2010 9:33 pm KCS-content Wikileaks founder still in jail whatsapp Wikileaks founder Julian Assange was granted bail by Westminsters magistrates yesterday but returned to Wandsworth prison last night, after the Swedish authorities appealed against the decision. Sweden has 48 hours to convince the court that Assange is likely to flee attempts to extradite him to face allegations of sexual offences. Lawyers for Assange said he was being persecuted and that the Swedish prosecutors “clearly will not spare any expense to keep Mr Assange in jail”. Meanwhile, another tranche of diplomatic cables was released yesterday. Show Comments ▼ 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: NULLlast_img read more

Volcker set to step down as US economic adviser

first_img whatsapp Volcker set to step down as US economic adviser Wednesday 5 January 2011 7:44 pm KCS-content 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 AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsappcenter_img Tags: NULL Show Comments ▼ FORMER Federal Reserve chairman Paul Volcker plans to leave his role as head of a panel of experts advising President Barack Obama on the economy, sources familiar with the decision said yesterday.The departure of Volcker, 83, as head of the President’s Economic Recovery Advisory Board is among a series of changes under review at the White House.The decision to leave the board was Volcker’s. A source close to him said he was ready to continue to advise Obama on an informal basis as often as the president would like.Volcker, who became a legendary figure on Wall Street when as Fed chief he broke the back of double-digit US inflation in the early 1980s by sharply raising interest rates, began advising Obama during his 2008 presidential campaign and has wielded clout on issues ranging from financial regulation to fiscal policy. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.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.comKansas coach fired for using N-word toward Black playerthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comColin Kaepernick to publish book on abolishing the policethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Sharelast_img read more

Persimmon beats forecasts

first_img 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 AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp whatsapp Share Show Comments ▼center_img Persimmon beats forecasts Tags: NULL John Dunne Monday 10 January 2011 3:18 am Housebuilder Persimmon said underlying pre-tax profit for 2010 will be at the top end of market views, despite bad weather knocking sales before Christmas.The UK’s largest homebuilder by market value said it completed 9,384 homes in the year to 31 December, against 8,976 last year. Prices rose by six per cent to 167,000 pounds, lifting turnover by ten per cent to £1.57bn.Analysts are expecting an underlying pretax profit of £85m for 2010 according to a poll of 21 analysts compiled by the company.House prices fell in four out of the last six months, rising slightly in December, but activity was knocked by bad weather in the month.Persimmon said in a separate statement on Monday that chairman and former chief executive John White will step down in April, with Nicholas Wrigley to replace him. last_img read more

Walmart gets Obama approval

first_img whatsapp Michelle Obama is to back plans by the world’s biggest retailer, Walmart, to provide its customers with healthier and more affordable food options as part of a drive to cut US obesity levels. The United States’ First Lady has made promoting healthy eating her key initiative in the White House. She will join Walmart representatives at a press conference to launch the initiative later today. Walmart is planning to cut prices on thousands of its packaged foods, reduce fat and salt content, and cut the prices of fresh fruit and vegetables. By 2015, the company hopes to have lowered salt content by a quarter as well as slash sugar levels in foods. whatsapp Thursday 20 January 2011 7:27 pm 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comPuffer fish snaps a selfie with lucky divernypost.com Walmart gets Obama approval KCS-content Tags: NULL Share Show Comments ▼last_img read more

Yields fall in Spanish and Greek auctions amid cautious optimism

first_img Share BORROWING costs for Spain and Greece fell yesterday at treasury bill sales, a sign of cautious optimism that Europe will eventually deal with its debt crisis despite policymakers’ slow progress towards new measures. The yield on Spain’s 12 and 18-month bills fell as much as 50 basis points compared to auctions in January, a mark of broadly better market sentiment. The Treasury sold €6.2bn of 12- and 18-month T-bills, the high end of its targeted range. The 13-week Greek bill yield fell to 3.85 per cent but the premium demanded by investors on secondary markets to hold Greek over German debt widened to 860 basis points, 26 basis points on the day, as uncertainty continued to plague the southern Eurozone economies struggling most with high debt. 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 Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe 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 ItUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoBetterBe20 Stunning Female AthletesBetterBeUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndo KCS-content Yields fall in Spanish and Greek auctions amid cautious optimism Tuesday 15 February 2011 8:26 pmcenter_img Show Comments ▼ whatsapp Tags: NULL whatsapplast_img read more

Fears over oil price persist on Libya crisis

first_img whatsapp Fears over oil price persist on Libya crisis Show Comments ▼ OIL prices continued to rise in Asian trading today, pushing Brent crude for April delivery up $1.51 to $113.65 a barrel.US crude for April delivery gained $1.47 to $99.35 a barrel as fears over escalating violence in Libya continued to drive prices up.Many of Libya’s major oil production facilities remained off-line or were running at greatly reduced capacity as violent clashes between Gaddafi loyalists and pro-democracy protesters continued.Prime Minister David Cameron and foreign minister William Hague have both urged Gaddafi to stand down, with the UK imposing sanctions in an attempt to force the despotic leader’s hand.It is estimated that Libya is now running at less that 50 per cent of its 1.6m barrels per day capacity. Exports have also been hampered by reduced access to shipping ports as fighting blocked transport routes across the country.Last week rebels claimed to have taken control of several oil facilities, sparking fears production could be reduced even further. Employees at state-owned Agoco said they have joined the revolt against Gaddafi but pledged to keep operations going. It is operating at less than 50 per cent capacity.Brent crude futures for April delivery closed up 78 cents on Friday, reaching a two and a half year high of $112.14 a barrel. West Texas Intermediate jumped $11.68 in the space of a week to close at $97.88.Some analysts say Brent could rise as high as $120 if disruption worsens this week. Saudi Arabia has pledged to increase its capacity to fill any shortfall created by the meltdown in Libya. On Friday it raised production by 700,000 barrels, taking its total to over 9m barrels a day.British military aircraft flew some 150 oil workers out of camps in the Libyan desert yesterday.Meanwhile, nearly 100,000 people have fled Libya, streaming into neighbouring Tunisia and Egypt. The mass exodus has prompted fears of a growing humanitarian crisis, with the UN calling for international aid. Tunisia’s embattled Prime Minister Mohamed Ghannouchi finally succumbed to calls for him to step down yesterday, making him the latest Middle Eastern leader to fall. Tags: NULLcenter_img whatsapp KCS-content Sunday 27 February 2011 11:55 pm Sharelast_img read more