Global markets defiant despite new Greek bank scare

first_img Tags: NULL Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GameUndoBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderUndo Global markets defiant despite new Greek bank scare Monday 26 January 2015 9:10 pm whatsapp Express KCS Global markets yesterday brushed off the result of the Greek election despite the country’s banks becoming embroiled in a potential crisis.Shares in all four of Greece’s largest banks plunged by around 10 per cent yesterday. If Greece defaults on its debt this will hit Greek banks directly – who hold some Greek debt – as well as prevent them accessing emergency funding from the European Central Bank.Analysts at Moody’s note that depositors have been shifting money out of Greek banks in the run up to the election. According to Moody’s figures, nearly five per cent of private sector deposits have been moved since the election was announced, albeit lower than the nine per cent that was moved during the 2012 election. Withdrawals are expected to go on until negotiations conclude.Headline share indices – which represent the value of a collection of shares – such as the UK’s FTSE 100, the German Dax and the French Cac40 – all registered gains yesterday, the first day of trading since anti-austerity Syriza won Sunday’s general election. Stocks in the US such as the Dow Jones Industrial Average and the Nasdaq also began trading relatively unfazed and closed on a positive. Stocks in Athens have been dropping since the snap election was announced in December and are 20 per cent lower than their December peak. Other headline stock indices in Eurozone countries are well above their early December levels. It is not clear how negotiations on Greece’s debt will play out. These negotiations have a variety of possible conclusions ranging from the new government accepting the terms of its creditors and carrying on as the old government did, to a default on the country’s debt and exit from the euro. Show Comments ▼ whatsapplast_img read more

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Serco sells luxury Australian rail service Great Southern Rail to Allegro

first_img whatsapp Show Comments ▼ Serco sells luxury Australian rail service Great Southern Rail to Allegro whatsapp Emma Haslett Sharecenter_img Monday 30 March 2015 3:03 am 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.com Serco, the troubled outsourcer run by Rupert Soames, has extricated itself from Great Southern Rail, it announced this morning.The company said it will sell the “luxury” long-distance rail service to Australian private equity firm Allegro for £2.5m. Earlier this month shares in the outsourcer fell as much as 16 per cent after it posted figures showing full-year revenue had fallen to £3.95bn, down from £4.28bn a year earlier. Losses also widened, to £1.35bn, compared with a profit of £146m. Having issued two profit warnings last year, and after its role in the criminal tagging scandal, the company is narrowing its focus.This morning Soames said Serco “needs to concentrate on its core as a leading supplier of public services and we cannot provide the focus and investment [Great Southern Rail] needs to survive”. We will continue to build a strong transport business where Serco’s capabilities can be deployed and transferred internationally, and our recent contract award to support the new North South Railway in Saudi Arabia is testament to the progress we are making. Tags: Company Serco Grouplast_img read more

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News / DHL under fire as American pilots eye strike action over German influence on US airlines

first_imgAn announcement by the union this week shied away from directly criticising Atlas, but focused on its major customer instead, raising concerns over foreign control of the airlines.Atlas noted in its recent earnings call that some 27% of its revenue, after the Southern takeover, would derive from DHL. Southern Air has operated exclusively for DHL since 2014.In its announcement, Local 1224 claimed the reliance on DHL was “putting the two American companies further under the control of a foreign entity”.In the earnings call, Atlas CEO Bill Flynn said the acquisition would be “less complex” than some, adding: “In terms of labour, both of our pilot groups are represented by the Teamsters, the same Local 1224.“So in terms of airlines coming together, we don’t have different representation groups, it’s the same, it’s the IBT and it’s Local 1224, so that’s a good thing … Our goal is to merge Southern in to Atlas … and at the end of that process there will be one collective bargain agreement and all pilots will be Atlas pilots.”The pilots, however, are not so keen, and claim Atlas’s contracts are “grossly below standard”.However, on a website called Atlasfacts.org, created by pilots, there is a comparison table of US pilots’ contracts and, while Atlas lingers near the bottom of many tables, “grossly below standard” appears to be a slightly unfair representation. There is no comparison, for example, of Centurion/SkyLease contracts. In cargo airline terms, on average, Atlas seems to have better contracts than Kalitta and worse contracts than ABX.However, for ‘DHL’ pilots, the contracts are clearly inferior to rivals UPS and FedEx.Atlas pilot Captain Mike Griffith said: “There is no reason why a US pilot flying over the same routes for a foreign shipping company should be paid less than a pilot working for UPS or FedEx.”The pilots argue that DHL reported €59.2bn in increased consolidated revenue last year, of which the express division was the most profitable. Adjusted net income attributable in 2015 to Atlas’s common stockholders totalled $125.3m on revenue of $1.8bn.Local 1224 noted: “Despite these gains, [parent] AAWW and its subsidiary carriers, Atlas Air and Polar Air, are trying to force pilots at both AAWW and Southern into an “amalgamated” contract that will have a devastating impact by suppressing wages and lowering quality of life issues for pilots at the two companies and throughout the industry.”Most concerning for DHL is the focus on the German company’s influence on the carriers.“DHL customers and shareholders should be concerned about the company’s disregard for experienced pilots,” said Robert Kirchner, an Atlas pilot and executive council chairman of APA Teamsters Local 1224.“Pilots have sacrificed to help DHL-contracted airlines succeed. We are helping DHL grow its business in the United States and building profits for all companies involved.“A strike is a last resort, but our families are not going to stand by while this German company tries to further undermine our profession and American labour standards throughout the industry.”He added: “DHL’s … impact and influence on the airline’s management is strong. We can’t allow a foreign company like DHL to use its influence to drive down standards … DHL makes billions of dollars a year based on our pilots’ hard work.“Pilots … are gravely concerned about the influence that DHL has over these two airlines and the possible overreach in its US-operations. As major equity partners and the sole customer for Southern Air, DHL’s reach may be against legal regulations that require US cargo airlines to show ‘US citizenship’ of company owners and operations.”Atlas Air said in a statement: “We especially recognise the importance of our pilots and value the strong relationship we have with them.“The Southern Air acquisition is very good for Atlas Air and Southern Air pilots. The transaction will provide increased pay, more job security and growth opportunities for all of our pilots. In fact, Local 1224’s leadership recognised these benefits by endorsing the transaction when it was announced.” DHL has come under fire from American pilots claiming the German company’s influence and control over US airlines is too strong, and could be breaking foreign control requirements.As a result, Atlas Air and Southern Air pilots are holding a strike authorisation vote on Wednesday, launching what could be a lengthy process.The issue has come under the spotlight following the acquisition of Southern Air, a DHL Express operator, by Atlas Air, also contracted by DHL, a 49% shareholder in Atlas’s Polar Air subsidiary.Atlas Air had planned to place the Southern and Atlas pilots under the same contract, as they are in the same union – the Airline Professionals Association Teamsters Local 1224. By Alex Lennane 01/04/2016last_img read more

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In Pictures: Laois senior hurlers witness serious skills on show at Clough-Ballacolla Cul Camp

first_imgHome GAA Cumann na mBunscol In Pictures: Laois senior hurlers witness serious skills on show at Clough-Ballacolla… GAACumann na mBunscolSport By Julie Anne Miller – 24th July 2019 Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Facebook Twitter Pinterest In Pictures: Laois senior hurlers witness serious skills on show at Clough-Ballacolla Cul Camp Pinterest Previous articleIn Pictures: Huge crowds turn out to the LJ Drennan memorial tournamentNext articleLIVE BLOG: Follow all the action as Portlaoise take on Ballylinan in SFC Round 1 Julie Anne MillerLaoisToday’s main photographer Julie Anne Miller is a graduate from GMIT. Despite her young age, Julie Anne has years of experience in the food industry. She has worked in Tynan’s at the Storeyard in Portlaoise, Ballymaloe House in Cork and Beach Point Country Club in New York. She has also contributed a food column to the Irish Country Living section of the Irish Farmers Journal. She’s willing to talk about anything – except football! Here are all of Wednesday’s Laois GAA results Facebook TAGSClough-BallacollaCúl Camps center_img 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin WhatsApp WhatsApp RELATED ARTICLESMORE FROM AUTHOR Twitter GAA GAA SEE ALSO – In Pictures: Joe McDonagh Cup visits The Harps Cul Camp Brought to you in association with All Books and News Portlaoise Young GAA fans came in their droves to Ballacolla to get the chance to be taught all the tricks of the trade by their hurling and camogie idols this week – and received a visit from six senior hurlers.The Clough-Ballacolla GAA club is still riveting in the success of the Laois senior hurlers, with four members of the club involved on the panel.Stephen Maher, Stephen Bergin, Willie Dunphy and Lee Cleere were all involved in the Laois team who collected the Joe McDonagh trophy and reached the All-Ireland quarter-final.They were joined by Aaron Dunphy and Mark Kavanagh at the Ballacolla summer camp.Their influence is clearly rubbing off on the young children in the club, even the enthusiasm shown at the Cúl camp.The ever popular GAA summer camps are continuing at pace around the county and we are covering the camps the length and breadth of Laois.LaoisToday went along to Ballacolla capture all the action as it happened: GAA last_img read more

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Great voucher options in the Killeshin Hotel this Christmas

first_img WhatsApp WhatsApp Previous articleIn Pictures: Laois Martial Arts reflect on and celebrate another great yearNext articleGreat value in 12 Days of Christmas sale in Club Vitae in Portlaoise LaoisToday Reporter A voucher is always a great gift to get and the team in the Killeshin Hotel have a great range to choose from.Afternoon Tea for 2 – From €50Dinner for 2 – From €75Bed & Breakfast – From €99Gym Membership for 99 Days – €99Monetary vouchers available to use in all six Só Hotels.The Só Hotel group includes The Castletroy Hotel in Limerick, The Athlone Springs, the Castle Oaks House Hotel in Limerick, the Charleville Park Hotel in Cork and the Lough Rea Hotel and Spa in Galway.Buy online on www.sohotels.ie and get them emailed to you in minutes!SEE ALSO – Check out the dedicated jobs section on LaoisToday By LaoisToday Reporter – 20th December 2019 Great voucher options in the Killeshin Hotel this Christmas RELATED ARTICLESMORE FROM AUTHOR Twitter Facebook Here are all of Wednesday’s Laois GAA results Pinterestcenter_img 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin GAA Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory GAA Facebook GAA TAGSKilleshin HotelSo Hotels Twitter Pinterestlast_img read more

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Regulators ramp up attention on crypto sector

first_img James Langton Many hands choosing cryptocurrency coins from box labeled ICO arrow/123RF Crypto assets pose a variety of risks to investors, warns the British Columbia Securities Commission (BCSC) in a new guide on the sector.The BCSC guide aims to demystify the emerging sector for investors, while also spelling out some of the risks they pose. Share this article and your comments with peers on social media Facebook LinkedIn Twitter Bitcoin should face tough capital rules, Basel Committee says Keywords CryptoassetsCompanies Canadian Securities Administrators, Investment Industry Regulatory Organization of Canada, British Columbia Securities Commission “Generally, there are liquidity, security and volatility risks associated with crypto assets, making it difficult for people to find a marketplace where they can buy and sell their holdings easily at a consistent price,” it noted.The online nature of crypto-assets can also represent an added investor risk, the BCSC said.“Companies and individuals may remain anonymous, easily mask their identity, or reside outside of the jurisdiction where you purchased the asset. This makes it difficult for you to pursue a legal remedy if you have an issue with the offering or those behind it,” it added.Additionally, the fact that crypto-assets and crypto trading platforms generally aren’t regulated means that investor protections — such as safekeeping requirements, disclosure obligations and measures to guard against abusive trading — don’t apply to crypto trading.Earlier this year, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) launched a consultation on regulating crypto trading platforms.To that end, IIROC is seeking volunteers for its Crypto-Asset Working Group (CWG), which provides the self-regulatory organization with advice on proposed regulation (rules and guidance) for crypto assets.The group will review crypto-related regulatory proposals to ensure that they address “market integrity and investor protection concerns” and are practical and cost-efficient, the self-regulatory organization said in a notice.IIROC’s CWG is composed of representatives with trading expertise, investor representatives, independent members and legal/compliance experts.Applications to join the group are due by June 21. Related news How should banks allocate capital for crypto? New York attorney general secures receiver for crypto firmlast_img read more

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CI Investments announces 30 fund mergers

first_img New portfolios from IG Wealth Management IE Staff Keywords Fund mergersCompanies CI Investments Inc. According to the release, investors in the terminating funds will receive the equivalent dollar value of securities in the corresponding continuing funds. The continuing funds, in most cases, will have similar mandates and the same portfolio management teams as the terminating funds.CI said that in all cases, investors will pay management and administration fees that are equal to or lower than those of the funds being terminated. CI is bearing the costs and expenses of merging the funds.Some mergers require regulatory and securityholder approval. Meetings to vote on these mergers have been scheduled for Nov. 11, 2019.The mergers are expected to take effect on or after Nov. 22, 2019.CI is also renaming 19 funds — many of which are the continuing funds of those being terminated — “to clarify the mandate of each fund and/or the portfolio management team responsible for the mandate.”For a complete list of affected funds, see CI’s press release. Share this article and your comments with peers on social media Related news Horizons proposes merger of two cannabis ETFs Facebook LinkedIn Twitter 123RF Toronto-based CI Investments Inc. announced Monday that it is merging 30 of its investment funds.In a release, CI said the mergers would reduce duplication in its lineup and “create larger, more efficient funds.” Franklin Templeton merging, chopping fundslast_img read more

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Hanna Calls for Quick Passage of Cyber Crimes Legislation

first_imgRelatedHanna Calls for Quick Passage of Cyber Crimes Legislation RelatedHanna Calls for Quick Passage of Cyber Crimes Legislation Hanna Calls for Quick Passage of Cyber Crimes Legislation UncategorizedJune 26, 2008 RelatedHanna Calls for Quick Passage of Cyber Crimes Legislationcenter_img Advertisements FacebookTwitterWhatsAppEmail Opposition Spokesperson on Youth and Information, Lisa Hanna is urging quick deliberation and passage of the proposed cyber crimes legislation in both Houses of Parliament.“There are currently many (persons) including and especially children who are victims of digital imagery, often enhanced and falsified, that depict amongst others, statutory rape,” Miss Hanna said.Making her contribution in the 2008/09 Sectoral Debate in the House, yesterday (June 24), she pointed out that technology is now available that can trace the IP (internet protocol) address of the first email, the sim card of the first camera phone, and the product ID of the digital camera that first sent the image (sexual image).“The Cyber legislation is key so that this new brand of digital criminals and their accomplices who continue to forward the crime can be brought before the courts and justice served on their victim’s behalf,” Miss Hanna said.She also said that the current practice of broadcasting lewd and suggestive content at all times of the day on radio and cable has to be discontinued.Miss Hanna stressed that the Broadcasting Commission of Jamaica must begin to engage active collaboration with cable service providers and radio broadcasters to ensure that adequate digital mechanisms are installed.“(This) would give parents levels of control to prevent certain programmes from being accessed through their cable boxes. This should become the criteria for the renewal for their licences,” Miss Hanna said.She added that the Broadcasting Commission needs to implement a zero tolerance approach to occurrences where the broadcast content “pushes the envelope too far.”last_img read more

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U.S. News Ranks CU-Boulder 31st Among Top Public Universities

first_imgThe University of Colorado at Boulder was tied for 31st in the annual rankings of the nation’s top public four-year institutions in U.S. News & World Report’s 1999 Best Colleges issue.The nation’s top public university in the latest U.S. News rankings was the University of California-Berkeley, followed by the University of Virginia. The University of California-Los Angeles and the University of Michigan-Ann Arbor tied for third, while the University of North Carolina at Chapel Hill was fifth.CU-Boulder was tied for 31st with Indiana University-Bloomington, Michigan State University, Ohio University, the University of California-Riverside, the University of California-Santa Cruz and the University of Connecticut.In the 1999 ranking of the nation’s top 228 universities, public and private, the California Institute of Technology ranked first, followed by Harvard University and the Massachusetts Institute of Technology. Princeton University and Yale University tied for fifth.The rankings were based on factors such as the institution’s academic reputation, retention, faculty resources, student selectivity and financial resources. CU-Boulder was ranked alphabetically in the second of four tiers among the 228 national universities, as it was in the 1998 Best Colleges issue.CU-Boulder’s academic reputation was ranked at 3.6 out of a possible 4.0 by the weekly news magazine.The 1999 rankings will be published in the Aug. 23 issue of U.S. News. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Aug. 18, 1999 last_img read more

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JIS Stages Third Annual Sports Day at Mount Olivet Boys’ Home

first_imgRelatedNo Let Up in NHT Housing Provisions RelatedArchives Critical to Jamaica’s History JIS Stages Third Annual Sports Day at Mount Olivet Boys’ Home InformationApril 15, 2013 RelatedJIS Jamaica 50 Photo Album Wins International Awardcenter_img FacebookTwitterWhatsAppEmail It was a day of fun and excitement at the Mount Olivet Boys’ Home in Manchester on Saturday, April 6, as the Jamaica Information Service (JIS) staged its third annual sports day at the facility. The event was part of the agency’s outreach to the home, which it adopted in 2009. A number of volunteers also shared in the day’s activities, showing off their athletic prowess in relays, short and long distance races, orange shuttle race and tug-o’war. Radio Archivist at the JIS, Andre Sawyers, said he enjoyed the time spent with the boys. “The few hours we spent with them made a huge difference as they seemed so excited to see us,” he stated. Similar sentiments were shared by Web Designer/Developer at the JIS, Duane Anderson, who said: “it was fun interacting with the kids and tapping into my inner kid. I enjoyed the day’s activities and I think the initiative is great. It gives me the feeling that people still care and I like the fact that JIS goes out of their way for these boys.” Member of staff at the Mount Olivet Boys’ Home, Francine Dennis, said the boys look forward to the regular visits by the JIS team. “I know that the boys enjoyed themselves. They like these recreational activities and it helps them to know that they have a family outside of the staff at the home, and they are able to communicate with persons outside their regular circle,” she noted. Radio Writer/Producer/Presenter at the JIS, Aldeen Campbell, said she felt a sense of fulfilment in sharing time with the boys and making them happy. “For the many times we have visited the home it’s always good to know that we can bring a smile to the faces of the boys,” she stated. “Whether it is Easter, Back-to-school or Christmas, it is evident that the boys, as well as the staff at the Home look forward to seeing us and vice versa,” she added. Sponsors included Jamaica Urban Transit Company (JUTC), Coldfield Manufacturing Limited, Rainforest Seafoods, Maxfield Bakery and Pastries Limited, Trade Citrus Limited, and Grace Foods and Services Limited. The home, located in the hills of Walderston, is home to 28 boys, ages six to 18 years. The JIS makes quarterly visits to the facility, to spend quality time with the boys and mentor them, provide school supplies and items for the home, and carry out refurbishing work. The agency’s outreach activity is bolstered by a number of organisations, which have continued to positively impact the lives of the boys. These include Josephs, Lasco Food Distributors, Continental Baking Company Limited, AzMart, Jamaica Broilers, and Wisynco, with Yohan Blake’s YB Afraid Foundation, Rural Agricultural Development Authority (RADA) and Sandals Foundation. Advertisementslast_img read more

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