UBS signs deal to be a Formula One sponsor

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first_imgMonday 23 August 2010 7:50 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo KCS-content UBS signs deal to be a Formula One sponsor FORMULA One signed up Swiss bank UBS as a global partner yesterday in a deal the sport will hope marks a turnaround after the exit of several other financial institutions due to the economic crisis.No financial details were given for a deal that will be presented formally at next month’s Singapore Grand Prix.However Williams chairman Adam Parr, whose own team are losing bailed-out Royal Bank of Scotland as a major sponsor at the end of the year, said the real importance of the deal was the message it sent.“This is a very significant announcement, regardless of the size of the sponsorship,” he said. Parr added: “The fact that another major bank is looking to Formula One as its primary global marketing platform is very positive.”UBS said it would use its sponsorship both for brand building in key regions and for hospitality for its “ultra-high net-worth clients”. center_img whatsapp whatsapp Share 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 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 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 Tags: NULLlast_img read more

ALTERNATIVE MANAGER OF THE YEAR | The Shortlist

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first_imgSelf-made billionaire Louis Bacon’s hedge fund Moore Capital, based in Mayfair’s Curzon Street, is one of the most spectacular successes anywhere. A macro-trader famed for his high and consistent returns – 30 per cent is not unknown – Bacon’s personal fortune is said to have increased by £450m in the past year. He enjoys his money, too, and owns two polo fields and a grouse moor. Moore’s reputation is so great that it even attracted Greg Coffey when he left GLG, tempting him to join rather than set up his own fund.WINTON CAPITALFounded by David Harding, Winton Capital prides itself on its cerebral approach – it even sponsors a chess problem-solving competition. Since its launch in 1997, the firm has applied “advanced scientific techniques” to trading, going so far as to claim that “the financial markets are our laboratory”. It is a leader in the field of algorithmic trading that over the past 13 years has grown to 180 people, including over 100 researchers based in Oxford, Cambridge, London and Hong Kong. It has $13bn under management. whatsapp Share ALTERNATIVE MANAGER OF THE YEAR | The Shortlist KCS-content whatsapp Thursday 9 September 2010 8:04 pm Tags: NULL Show Comments ▼ MOORE CAPITAL INNOVATION is at the heart of the City, and nobody demonstrates it better than the top hedge funds and private equity houses. Our varied shortlist makes clear the chutzpah and sheer-brain power needed to become a leader in this toughest of sectors. And it also makes the clear the massive rewards awaiting the brightest and best. Don’t miss the City event of the year – get online now and book your table for the City A.M. Awards on Thursday 28 October 2010 at Grange St Paul’s Hotel, London EC4. www.CityAMAwards.com.InflexionCo-founded by John Hartz (above) and Simon Turner, the private equity house specialises in mid-level businesses, and has a special fondness for those which are family or founder-owned. Small it might be, compared to others on this list, managing about £340m of funds, but it is a model of how a private equity firm should be run – sensitive to the owners and giving fantastic growth to the firms that it invests in.TPG-AXON, MONTRICAThe announcement in August of the merger of these two hedge funds – both founded by former Goldman Sachs traders, TPG by Dinaker Singh (above) and Montrica by Andrew Metcalf – created a single mega-fund with $9bn under management. True, that is far less than they managed at their peaks, but at a time when investors are looking to larger funds the tie-up looks like a shrewd tactic that should attract more funds.MAN/GLGWhen Man took over GLG earlier this year, the deal created the world’s biggest hedge fund management business. Both suffered in the downturn, and GLG was hit by the departure of star manager Greg Coffey in 2008. But hedge fund-watchers generally applauded the deal – GLG’s brains are a good fit for Man’s brawn, it was said. Oh, and the combined group has $63bn under management. Chief executive is Peter Clarke (above). 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 HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanlast_img read more

JP MORGAN BOSS DIMON WARNS ON UK REGIME

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first_imgWednesday 20 October 2010 7:34 pm whatsapp Tags: NULL Show Comments ▼ JP MORGAN BOSS DIMON WARNS ON UK REGIME by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity 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 Times whatsapp KCS-content MUCH has been made of rumours that JP Morgan is to abandon plans to build itself an all-singing, all-dancing new HQ in Canary Wharf, with talk rife that the UK’s punishing tax regime and regulatory changes are behind the bank’s reluctance to commit.And in a little-noticed interview aside recently, JP Morgan’s chief executive Jamie Dimon gave the clearest hint yet that the UK’s tax and regulatory stance has affected its attitude to doing business in the country.Dimon told Fortune magazine that the future location of its UK HQ is still under negotiation and didn’t have anything to do with bonus taxes or balance sheet levies, insisting that the bank “will always be in the UK”. But he did, with characteristic American honesty, go further, a thinly-veiled warning over the bank’s attitude to Blighty.“I thought the whole tax issue was gross and unfair,” he said. “But it did focus us on the fact we have a lot of eggs in that one basket [the UK], and that maybe we need to be thinking a little more about geographic diversification. I can’t tell you what will happen, because we are negotiating. But we will take the best deal, pure and simple.”First Barclays and HSBC, and now the US banks are following suit with the threats. Time for a wake-up call?GHOSTLY GOINGS-ONThose keen for a Hallowe’en thrill could do worse than to tip up on the afternoon of Sunday 31 October at the Picturehouse cinemas in Greenwich or Clapham, which are showing a film about the ghost-ridden nooks and crannies of London.“Haunted London”, produced by film company Timereel and written by its founder Andrew Gray, flits from apparitions on the Underground to phantoms at the Tower of London, and touches on the City on the way.Gray tells me one of the tales revolves around the Bank of England, which is haunted by an apparition known as the “Black Nun”. The story goes that Philip Whitehead, a Bank employee in the early 19th Century, was hanged for forging cheques – and after his sudden disappearance, his sister Sarah turned up at the Old Lady of Threadneedle Street to enquire about his whereabouts. Upon being told the sad news, the shock and grief sent her half mad, and for every day of the rest of her life, Sarah would return to the Bank to ask where her brother was. After a 25-year vigil, she died and was buried in the old churchyard of St Christopher-le-Stocks, which later became the Bank’s garden – and since then, staff have seen her wandering along the stone pathways from the gallery overlooking the garden. Spooky stuff.FASHION FORWARDForget savvy hedge fund short selling or analyst crunch calls – one woman who can really move stocks is Michelle Obama.That’s right: according to New York University professor David Yermack, talking to the latest edition of the Harvard Business Review, the American First Lady has a quite spectacular effect on the share prices of the retailers whose clothes she wears on public outings. The distinguished professor has done the maths – those companies, 29 in all, have enjoyed an average boost of $14m per appearance by Mrs Obama. That’s far more than with the endorsement of models, while the effect of fashionista First Ladies such as the lovely Carla Bruni-Sarkozy pale in comparison. Share last_img read more

Takeover target Potash smashes profit expectations thanks to strong demand

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first_img KCS-content Thursday 28 October 2010 7:50 pm whatsapp Takeover target Potash smashes profit expectations thanks to strong demand PotasH, the world’s top fertiliser maker, steamrolled quarterly earnings expectations yesterday, on the back of stronger potash demand and higher prices for its nitrogen and phosphate-based nutrients.The Canadian fertiliser maker is currently battling a $39bn (£24.4bn) hostile bid from mining giant BHP Billiton. Potash Corp has flatly rejected BHP’s bid and launched a lawsuit against the Anglo-Australian miner in an attempt to stymie a takeover.Potash Corp said net income in the quarter ended 30 September rose to $402.7m, or $1.32 a share, up from a profit of $247.9m, or 82 cents, a year earlier. Quarterly revenue rose 43 per cent to $1.58bn.BHP launched the $130-a-share bid in August, but Potash’s stock has consistently traded well above that level, indicating that a sweetened bid will be required for the suitor to carry the day.The company’s potash business, which typically accounts for the lion’s share of its profits, generated two-thirds of the company’s gross margin in the quarter, as demand for the key crop nutrient has staged a steady comeback following a lean patch. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharecenter_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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoverySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Show Comments ▼ Tags: NULL last_img read more

Securitas eyes new UK deals

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first_imgWednesday 17 November 2010 7:48 pm whatsapp KCS-content Show Comments ▼ THE chief executive of Securitas, one of the world’s largest security companies, is warning that the global threat posed by terrorism is escalating while vigilance at airports means travellers will have to pay the price with longer queues.The company Alf Goransson leads provides security at four airports in the UK, including Liverpool and the City of Manchester, as well as for retail giant Marks and Spencer. The Sweden-based firm is the second largest security firm operating in the UK after buying rival Reliance.Earlier this week it posted sales worth $144m (£90m) for the past quarter, beating forecasts. Goransson said the company made an acquisition at least once a month and was eyeing other targets in the UK. “When there are economic problems, opportunities do arise and if the price and opportunity is right we are interested.” The executive admitted that the rise in the terror threat as well as an increase in blackmail and the theft of data, which could cripple a business overnight, offered his sector opportunities.“Unfortunately the world is getting a more dangerous place, what with the raised terror threat, more blackmail and other things. “Increased airport security is a fact of life, but it is necessary. I think there will be more use of full body scanners.” He said that the patrolling and checking of ports was increasing as the potential for terrorists exploiting cargo had risen up the agenda since an alleged plot to bring a cargo plane down over the US. “We are seeing an expansion of our maritime division as the world tries to come to terms with the threat.”Goransson said the company was enjoying a flourishing relationship with M&S, where it is carrying out a crackdown in store car parks with teams in CCTV vans swooping on vandals and thieves. The undercover detectives patrolling the stores are also gearing up for a possible shoplifting bonanza at Christmas as the austerity measures threaten to create a crimewave. “We are always aware of the amount shoplifters cost retailers,” he said. On the future of the business Goransson is upbeat, particularly as the US market has picked up. “Things are picking up and with our acquisitions and cash position we are well paced,” he concludes. whatsapp Securitas eyes new UK deals by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Share Tags: NULLlast_img read more

West End shops go traffic-free this weekend

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first_img Share REGENT Street and Oxford Street will be vehicle-free between 10am and 6pm this Saturday, allowing millions of Londoners to indulge in Christmas shopping on foot.Stores are offering up to 50 per cent off and opening as early as 8am, as they compete for the attention of an anticipated two million shoppers.By VIP Day (“Very Important Pedestrians”) many consumers will have received their last pay cheques before Christmas.Promoters of the event are predicting that sales will exceed £250m across the weekend.Retailers hope that special offers will tempt people into splashing out for the holiday period — and in particular before VAT increases to 20 per cent in the New Year.Shops will be creating a festival atmosphere with free hot drinks, while Aquascutum is offering 30 per cent off all products, plus carol singers and mince pies. Show Comments ▼ Tuesday 23 November 2010 7:10 pm whatsapp whatsappcenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com KCS-content West End shops go traffic-free this weekend 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 TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndo Tags: NULLlast_img read more

Swiss stick with ultra low rates

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first_imgThursday 16 December 2010 8:11 pm Share 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald KCS-content The Swiss national bank left interest rates at 0.25 per cent yesterday, in a move described as “ultra dovish” by Jonathan Loynes of Capital Economics. Swiss stick with ultra low rates center_img whatsapp Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼last_img read more

Rising commodity prices have further to go

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first_imgSunday 6 February 2011 9:54 pm Show Comments ▼ KCS-content Share whatsapp FOR two weeks our headlines and television sets have been dominated by Egypt. Prior to the scenes in Tahrir Square, all eyes were on Tunisia; contagion is spreading across the Middle East. So what role did rising food costs play in pushing the region to the brink? And how can citizens be expected to understand the “commodity supercycle”? Onions, a staple in Indian cooking, are now unaffordable for the country’s poor, with food inflation at 17.5 per cent. In China, the number is also in double digits. According to Capital Economics, a monthly grocery bill of $600 for a family of four in Canada is set to climb to $630 in 2011. That’s a rise from two to five per cent food inflation. But in developed countries, these shifts are rarely reflected in monetary policy, in part because food is a small part of overall baskets or because the narrower measures used exclude food. Yet last week, the United Nations’ Food and Agriculture Organisation reported that its food price index is at its highest in 21 years. The jump in oil prices only adds to the pressure felt by consumers that have seen global asset prices surge since mid-2010. To critics, it’s a sign that the US Federal Reserve’s monetary easing is sending inflationary shock waves across the globe.Needless to say, Fed chairman Ben Bernanke disagrees: he called it “entirely unfair” to blame the Fed’s loose monetary policy or QE2 for rising food prices. He said booming emerging economies, and the richer diets that go with rising prosperity, have driven the price hikes.So what is the truth, and what else could be going on? Goldman Sachs expects “cyclical commodities to enter a bull market, augmenting the bull market in agricultural commodities that began in 2010”. It is long on corn and soybean, and believes that as the global economy continues to gather steam these are just some of the commodities where limited supply will see prices rally. Wholesale sugar prices last week hit a 30-year record. Wheat is up 77 per cent in the past year and increases have been seen in soybean, oats and rice. But prices are still far below their 2008 record and there’s plenty of room to go higher.It’s not just the kinds of commodities that China and India want which are going up in price. Crucially, Goldman argues that QE2 will drive US growth and that a bidding war will ensue between developed and developing worlds when it comes to who wants to eat the richer diet. So take that, Bernanke.Countries will continue to stockpile food to avoid the scenes of unrest like those in Tahrir Square. Traders continue to bank on rising prices. The global consumer may be left with no choice now but to hope that western monetary policy somehow re-aligns to reflect a world that is more intricately connected than ever before. Maithreyi Seetharaman is a CNBC anchor center_img Tags: NULL whatsapp Rising commodity prices have further to go More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com 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 AthletesBetterBelast_img read more

Oil price jumps on Middle East unrest

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first_img Tags: NULL whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Oil price jumps on Middle East unrest Oil jumped by over $1 a barrel, as violent clashes in OPEC-member Libya heightened fears of social unrest spreading across the Middle East and North Africa and disrupting supplies in the major oil-producing region.Protests against Muammar Gaddafi, leader of Libya which produces 1.58m barrels per day of crude, spread to the capital Tripoli and his son vowed to fight until the “last man standing,” after scores of protesters were killed in the eastern city of Benghazi.Brent crude for April delivery rose $1.02 to $103.54 a barrel.. On Friday, Brent settled at $102.52, its fourth-straight weekly rise.US crude for March delivery rose $1.10 to $87.31 a barrel, after hitting a high of $87.63.“I would be worried if the unrest spreads to Saudi Arabia,” said Benson Wang of Commodity Broking Services in Sydney.The leader of the Al-Zuwayya tribe in eastern Libya threatened on Sunday to cut oil exports to Western countries within 24 hours unless authorities stop what he called the “oppression of protesters.Other analysts fear that continued violence in Libya and tensions across the region could lead to further price hikes, issues which are likely to dominate talks in Saudi Arabia this week aimed at narrowing the gap between consumer nations and resource-holders.“The oil market could easily jump another $10 in a short time if the violence continues,” said David Cohen, Director of Asian Economic Forecasting at Action Economics. Share Show Comments ▼ John Dunne whatsapp Monday 21 February 2011 2:50 amlast_img read more

Carlsberg takes hit from Russian tax payments

Posted on September 4, 2021Categories oimdzshwTags , , , , ,   Leave a comment on Carlsberg takes hit from Russian tax payments

first_img Carlsberg takes hit from Russian tax payments KCS-content Monday 21 February 2011 7:16 pm Share whatsapp DANISH brewer Carlsberg blamed a sharp drop in fourth-quarter profit on an excise duty rise in its biggest market Russia and falling Eastern European sales.The world’s fourth biggest brewer said yesterday that organic operating profit growth declined significantly in its key Eastern European market, although it was strong in Northern and Western Europe and Asia in the fourth-quarter.Despite the drop, Carlsberg’s B shares rose by 0.8 per cent to close at 566 kroner following the below-forecast figures. Beer volumes in Eastern Europe declined organically by nine per cent, mainly driven by destocking in the first quarter of 2010, and significant price increases in Russia following a 200 per cent excise duty increase from 1 January, 2010. That had led distributors to build stocks at the end of 2009, ahead of the duty increase, the company said. whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tags: NULL Show Comments ▼last_img read more