Rolet quits LCH amid LSE rival rumours

first_img Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Show Comments ▼ Monday 23 August 2010 8:37 pm Sharecenter_img whatsapp KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com XAVIER Rolet, chief executive of the London Stock Exchange (LSE), has sensationally quit his position on the board of LCH.Clearnet, sparking rumours his firm is about to launch a rival clearing business.Rolet told LCH.Clearnet he was “too busy” to remain on the board. However a conflict of interests would arise if the LSE was considering launching its own clearing house.Rolet failed to nominate a successor, effectively severing the firm’s ties to the LCH.Clearnet board. The LSE remains a customer with the firm but is understood to be considering the future of the relationship.‘Analyst Joshua Raymond of City Index told City A.M.: “Some are inevitably going to read between the lines and think that this could be a trigger for the LSE to find another clearing provider or indeed build its own, a move that would prove very difficult if its chief executive remained a board member of LCH.Clearnet. Raymond added: “Others may simply believe that Rolet had reached the end of his tether with what is perceived to be very slow decision making at board level. It could well be a combination of both of these factors.”A spokesman for LCH.Clearnet confirmed Rolet had left the board, citing clashes in his schedule. The LSE and Rolet declined to comment.The 16 directors of the LCH.Clearnet board declined to comment or could not be reached last night.A source close to the LSE said: “They have signalled they will look at this area. It won’t be tomorrow but they are reviewing this part of their business. Post trade has become an increasingly important part of trading, particularly as a result of falling trade sizes, making it more expensive.Sources close to LCH.Clearnet played down the significance of the resignation and questioned whether the LSE would be able to compete with the firm’s clearing business.LCH.Clearnet, which is 83 per cent owned by the firms who use its services, is not a profit maximising firm, partially existing to facilitate its owners, meaning it would be difficult for the LSE to compete on a level playing field. Rolet quits LCH amid LSE rival rumours last_img read more

DO YOU EXPECT CPI INFLATION TO FALL BELOW 3 PER CENT IN AUGUST?

first_imgSunday 12 September 2010 11:24 pm Share whatsapp SIMON HAYES | BARCLAYS CAPITAL“Contrary to the consensus, which expects a fourth consecutive monthly fall in the headline rate, we expect it to rise to 3.2 per cent from 3.1 per cent in July, largely reflecting a second consecutive large monthly rise in food prices.”PHILIP SHAW | INVESTEC“Against expectations, petrol prices appear to have softened by one per cent. We expect some disinflation in categories like recreation. Overall we see a drop to 2.8 per cent this time, but the buoyancy of agricultural prices risks inflation climbing past three per cent again over the coming months.”PETER DIXON | COMMERZBANK“Over the rest of 2010, we look for inflation to decelerate further with a rate close to two per cent possible by December. A spike in early 2011 is likely because of the VAT hike but at least a sharp deceleration beforehand will bolster the Bank’s claim that much of inflation is due to temporary factors.” KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com center_img 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.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan DO YOU EXPECT CPI INFLATION TO FALL BELOW 3 PER CENT IN AUGUST? Tags: NULL whatsapp Show Comments ▼last_img read more

Capital London to become national station

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp Capital London to become national station Monday 13 September 2010 8:44 pm Capital London will become a national station under audacious new plans by its owner Global Radio.Galaxy Radio and 10 other stations will be subsumed into the national brand as the firm ramps up its rivalry with the BBC. KCS-content whatsapp The move will create the largest commercial radio brand in the UK, with bosses calling it the biggest shake-up in the industry in decades.The operation will see the Capital brand shoot from 1.9m to 6.3m listeners, as the more popular Galaxy stations and others including Red Dragon, Trent and Leicester Sound fall under the same banner.The decision follows an Ofcom ruling allowing stations to air less locally produced content. The watchdog hopes deregulation will decline falling revenues in an industry which has been ravaged by the advertising drought.The broadcaster is struggling against mammoth losses, filing writedowns of almost £200m earlier this year. The new network is scheduled to launch as early as 2011, with Global hoping to emulate the success of its Heart brand, which has jumped to 7.8m listeners after being taken national. Share 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 Tags: NULLlast_img read more

RIM goes toe-to-toe with Apple’s iPad

first_img whatsapp 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 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp Show Comments ▼ BLACKBERRY maker Research In Motion (RIM) finally launched its much anticipated tablet PC this week.In his keynote speech, chief executive Mike Lazaridis shied away from direct comparisons with Apple. That, however, hasn’t stopped the technology world from staring straight at the elephant in the room: can the Playbook compete with the iPad?At first glance, it looks like it can. Its processor and RAM are both superior, despite its smaller size. This would seem to be good news for users dealing with a lot of video or multi-tasking between apps. It has been positioned closer to BlackBerry’s core enterprise market, rather than the consumer-facing iPad, which could reel in the massive following the smartphone commands. Goldman Sachs issued a cautiously optimistic note yesterday in which it said: “RIM’s Playbook tablet surprised us by being positioned for enterprise and by having a robust set of specs. This could allow RIM to offer a differentiated product to the iPad.”But Morgan Stanley was less enthusiastic, saying: “We believe the Playbook is well suited for enterprise, but could be far less successful with consumers.” The market seems to have reacted with a similar degree of scepticism, with RIM’s stock falling yesterday. The Canadian firm lacks the cult following of Apple and cannot hope to emulate its rival’s overnight success, especially given its Playbook is competing in a market with two other lauded devices – the iPad and Samgung’s Galaxy Tab. However, if it can win over business users it could be a sleeper success. Pricing is likely to be the key and Lazaridis has hinted the device will undercut the iPad, with figures yet to be unveiled. This fight is far from decided. Share Tuesday 28 September 2010 10:38 pm RIM goes toe-to-toe with Apple’s iPad Tags: NULLlast_img read more

Rio Tinto deal with BHP Billiton “all but dead”

first_imgWednesday 6 October 2010 4:56 am whatsapp John Dunne Rio Tinto deal with BHP Billiton “all but dead” Share Global miner Rio Tinto looked set to abandon its $116bn (£72bn) iron-ore joint venture with rival BHP Billiton a deal unpopular with customers, regulators and many of Rio Tinto’s own investors.Rio Tinto Chairman Jan du Plessis told a boarsd meeting addressing that the joint venture was all but dead and buried, acording to the Sysney Morning Herald. “I think with regard to the (joint venture) and why it didn’t succeed – we should simply work on the basis that both parties worked well and in good faith to make this thing work and both parties agreed, simultaneously, it wasn’t possible,” du Plessis was quoted as saying in the front-page report. The venture was announced last year when Rio Tinto was heavily in debt and iron ore prices were less than half today’s prices. Under the deal, Rio Tinto would hand over 5 percent of its Australian iron ore operations to BHP Billiton for $5.8bn, a price many Rio Tinto investors now view as too cheap.Rio Tinto said in a statement after the newspaper report that it had yet to make a final decision on the venture, though it confirmed the issue had been discussed at Monday’s board meeting.“The board acknowledged recent communications from regulators that indicate potential obstacles to achieving clearance for the joint venture,” it said.BHP Billiton said it remained committed to the proposed venture’s regulatory process but declined further comment.The venture also angered international steel mills, which feared the two miners would gain more power over pricing of the steel-making raw material, and also worried competition regulators in Asia and Europe.“I don’t believe regulatory approval will be forthcoming,” said UBS resources analyst Glyn Lawcock in Sydney.“Steelmakers are up in arms,” he added, noting that iron ore miners already made gross profit margins of around 80 per cent. Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Show Comments ▼ whatsapp Tags: NULLlast_img read more

ASIA CRANKS UP CURRENCY RHETORIC

first_img Tags: NULL ASIA CRANKS UP CURRENCY RHETORIC by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal 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 Times Wednesday 13 October 2010 8:01 pm Share KCS-content center_img whatsapp CHINA is trying to avoid a currency war, but issues concerning any specific currency should not be treated as part of an agenda at G20 meetings, a Chinese G20 negotiator said yesterday. Japanese finance minister Yoshihiko Noda (above) said currency devaluation was a key issue for the meeting. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI 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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Show Comments ▼ whatsapplast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com KCS-content CITY MOVES | WHO’S SWITCHING JOBS Share Ernst & YoungThe accountancy firm has hired Samantha Keen to join its restructuring practice as a partner, working with the liquidations and strategic exit routes (LASER) team.Keen has over 18 years of experience in the insolvency and restructuring arena, and has recently focused on advising clients about solvent reorganisation and legal entity rationalisation issues.She joins EY from Grant Thornton.Premier Asset ManagementThe asset manager has hired Chris White from Threadneedle Asset Management as a senior investment manager.White will take over the firm’s Premier income, alpha income and monthly income funds from the beginning of December.He has been a director at Threadneedle since 2002, and prior to that managed the LMI UK equity income and monthly income funds at Legg Mason.MarshThe insurance group has hired Cath Whitaker as a senior vice president in the international division of its global market relationship management team.Whitaker joins from Willis, where she was most recently acting managing director of its strategic carrier relationships.Kinsey AllenThe executive search firm has taken on Isabella Trupke to lead its legal and compliance business across continental Europe.Trupke, who originally qualified as a barrister in the UK, will focus on senior hires in the European financial services sector, having spent the past four years in Frankfurt, recruiting senior legal and compliance figures in the banking and financial services industry.Bluefin Advisory ServicesBluefin, a subsidiary of Axa UK, has hired Mark Bondi as a senior technical adviser in the technical team in its corporate consulting business.Bondi joins from Heath Lambert, where he held a similar position.MitieThe FTSE 250 outsourcing specialist has appointed Katherine Thomas as its new group HR director, overseeing 57,000 employees. She will also join the firm’s executive board.Thomas, 44, was previously group talent and leadership director at BT. whatsapp whatsapp Tuesday 2 November 2010 7:31 pm Tags: NULLlast_img read more

Yoplait owners reject £1.2bn Lactalis bid

first_img whatsapp Thursday 18 November 2010 8:15 pm KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute THE owners of French yoghurt maker Yoplait rejected a €1.4bn (£1.19bn) unsolicited bid from Europe’s largest dairy group, Lactalis yesterday, saying it was too low and would force out a major shareholder.Unlisted Yoplait, which competes with food giant Danone, has been in the spotlight since the summer when private equity fund PAI Partners said it wanted to sell its 50 per cent stake.The other half of Yoplait is owned by Sodiaal, a dairy co-operative, which wants to keep its participation.Lactalis’ offer, made on 16 November, was for all of Yoplait.“The price proposed by Lactalis neither reflects the intrinsic nor strategic value of Yoplait, nor its growth potential,” Sodiaal and PAI said in a joint press release.The sale process, which officially started a few days ago, could also draw interest from food giants such as Nestle, General Mills, which distributes the Yoplait brand in the United States, Asian food groups and private equity groups.Lucien Fa, who had been with Danone for 21 years, came on board as chief executive in 2002. Following a restructuring plan, the loss-making Yoplait returned to profit. Sharecenter_img Yoplait owners reject £1.2bn Lactalis bid whatsapp Tags: NULL 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼last_img read more

Ireland will receive tens of billions in loan deal

first_img Share IRELAND is likely to take a loan worth tens of billions of euros from the International Monetary Fund and European partners to prop up its banking system, the troubled country’s banking chief said yesterday in the first official confirmation that a bailout is imminent. Central bank governor Patrick Honohan said “we are talking about a very substantial loan for sure – tens of billions, yes,” when asked about the rescue package. “The intention is and the expectation is, on their part and personally on my part, that negotiations or discussions will be effective and a loan will be made available and drawn down as necessary,” he added. Experts from the European Commission, the European Central Bank and the IMF met at the Irish central bank yesterday to discuss the possible rescue package, with discussions set to continue into next week.Finance minister Brian Lenihan said in parliament that the embattled government had not formally asked for a loan, and the amount needed was currently unknown. Estimates yesterday ranged from €80bn (£68bn) to €110bn. “The banks themselves can’t put a figure on the residential debt, and the figure has been going up and up over the last two years,” WorldSpreads chief executive Conor Foley told City A.M. last night. “Based on our estimates of the banks’ debts, the amount needed won’t be less than €80bn.”The government would not be coerced into altering its 12.5 per cent corporate tax rate as part of a bailout deal, Ireland’s deputy Prime Minister Mary Coughlan said yesterday.French and German officials are thought to be pressing Ireland to raise the attractive rate, but Coughlan told the Irish parliament: “It’s non-negotiable.” Lenihan said on Wednesday the country’s tax policy was protected under the EU’s Lisbon Treaty. Irish employers’ group IBEC backed the government’s firm stance. “Any change in the corporate tax regime would be counterproductive to the collective efforts to reduce the budget deficit,” said director general Danny McCoy. “Ireland is a small, open trading economy and the recovery will come from enterprise. It is vital that the ability of Ireland’s enterprise sector to drive growth and recovery is not undermined in any way.”David Cameron said he has not ruled out a direct UK contribution to Ireland’s coffers, telling a House of Commons committee yesterday that Ireland is “a close neighbour, a good friend, a country that we have very close political and economic relations with?.?.?.?Our banks are very connected to the Irish banks. We have an interest in not just the Eurozone being a success, we have an interest in Ireland being a success.”After 10 days of losses, European stock and bond markets and the euro rebounded yesterday on expectations Ireland would become the second Eurozone country after Greece to receive a bailout.Ireland’s cost of borrowing, which is close to an 11-year high, fell as worries of a sovereign default eased. Yields on 10-year gilts dropped from 8.3 per cent to 8.1 per cent yesterday. Thursday 18 November 2010 8:58 pm Show Comments ▼ Ireland will receive tens of billions in loan deal whatsappcenter_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com KCS-content 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 ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Tags: NULLlast_img read more

AIG returns to debt markets

first_imgTuesday 30 November 2010 8:45 pm Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Tags: NULL whatsapp AIG returns to debt markets KCS-content center_img Bailed-out insurer American International Group (AIG) returned to the debt market yesterday after more than a two-year absence, offering a large premium to attract investors as it works to shed government support. AIG sold $500m in January 2014 and $1.5bn in December 2020 senior unsecured notes. whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal 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 FarmUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndolast_img read more

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