Ireland: Anglo aid is affordable

first_img IRELAND’S bailout of Anglo Irish Bank, a key factor behind the country’s soaring budget deficit, is “costly but manageable,” the head of its central bank said yesterday. Patrick Honohan, who is also on the ECB’s governing council, said the total cost of bailouts of all Ireland’s banks and financial institutions would be around 20 per cent of GDP. Honohan said last week the net cost of the recapitalisation would reach 15 to 16 per cent of GDP, though the final bill would depend on the price Anglo got on sales of loans to Ireland’s bad bank. KCS-content whatsapp whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndoBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushUndo Monday 16 August 2010 8:31 pmcenter_img Share Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Ireland: Anglo aid is affordable Tags: NULLlast_img read more

Morrisons eyes move into online grocery

first_imgThursday 9 September 2010 2:23 am Morrisons eyes move into online grocery Show Comments ▼ Supermarket giant Morrisons has reported pre-tax profit of £412m for the first half – as it confirmed that it was considering a move into online retail.The profit was eight per cent down on the same period last year, but in line with forecasts.Underlying profit was up taking into account a one-off payment in the same period last time.The company said it had served a record average of customers per week over the period while like-for-like sales – excluding VAT and fuel – were up 0.9 per cent.Revenues were £8.1bn from £7.5bn, a rise of nine per cent.Meanwhile it reported that the interim dividend was up 14 per cent to 1.23p.The company said it was assessing a possible move into online groceries. John Dunne Tags: NULL Morrsisons new chief executive Dalton Philips, Chief Executive, said of the results for the six months to August: “Over the last six months I have spent time getting to know this great business and its people. Three observations stand out: “Morrisons is a world class retailer; it has real and positive differences in its fresh offer, food production and craft skills; and there are many opportunities ahead to drive our top line, increase efficiencies in the business and to capture growth.” Share 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.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia whatsapp 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 last_img read more

British business eyes double dip

first_img whatsapp KCS-content whatsapp British business eyes double dip Tags: NULL Show Comments ▼ 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.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com Sunday 12 September 2010 11:32 pm Share British businesses are predicting a double-dip recession, according to a survey from accountants and business advisors BDO LLP published today. BDO’s optimism index – which reflects how businesses expect trading to develop two quarters ahead – tumbled to 93.1 in August from 95.5 in July, reaching levels not seen since the deepest parts of the recession between November 2008 and July 2009. BDO Partner Peter Hemington said: “If Q4 does indeed turn out to be the start of a double dip, it certainly won’t be a merry Christmas for UK businesses.” last_img read more

UAE set to agree on BlackBerry

first_img Sunday 26 September 2010 9:57 pm whatsapp Show Comments ▼ KCS-content whatsapp Sharecenter_img The United Arab Emirates is “very optimistic” about reaching an agreement in a dispute with BlackBerry maker Research In Motion before an official deadline, a top Abu Dhabi official said.The UAE has threatened to suspend Research In Motion’s BlackBerry Messenger, email and Web browser services from 11 October until the government could get access to encrypted messages. “We are very optimistic about the outcome. We both are working very hard trying to resolve the issues.. .it’s going to be solved before the deadline,” Mohammed al-Bawardi, secretary general at Abu Dhabi’s executive council, said yesterday. The UAE has some 500,000 BlackBerry users. 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 UAE set to agree on BlackBerry Tags: NULL 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.comlast_img read more

Eurostar buys new fleet in £700m deal

first_imgThursday 7 October 2010 9:45 pm KCS-content 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 PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Eurostar buys new fleet in £700m deal 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 whatsapp EUROSTAR will buy 10 new trains for £700m to add to its existing fleet as it extends services to Amsterdam and Geneva.The upgrade will be funded by Eurostar through cash and bank loans. The move will significantly improve Eurostar’s fleet with faster trains, capable of travelling up to 320kph. The new trains, to be manufactured by Germany’s Siemens, are expected to cut Paris travel time to a little over two hours. The train company also expects the upgrades to allow the operator to carry more than 900 passengers by adding 20 per cent more seats to the trains. Eurostar said the new fleet would be equipped with wi-fi and on-board services including real-time travel and destination information and interactive entertainment.Eurostar has also unveiled plans to add Amsterdam and Geneva to its list of destinations as the group looks to expand into the rest of Europe. Travel time to Amsterdam, on the new trains, is expected to take just under four hours, while travel time to Geneva will take around five hours. Eurostar plans to encourage more passengers to choose high-speed train travel. The firm’s chief executive, Nicolas Petrovic, said the new trains and refurbished fleet would make Eurostar “the obvious choice for short-haul European travel”.Next weekend, German state-owned company Deutsche Bahn plans to test one of its high-speed trains on a run through the Channel Tunnel as it contemplates a direct London-German service.FAST FACTS | EUROSTAR UPGRADETwo new routes: Amsterdam and Geneva.Eurostar said it will also redesign its existing fleet of 28 trains. Eurostar says it commands 80 per cent of the market between London and Paris. center_img Share whatsapp Show Comments ▼ Tags: NULLlast_img read more

Colgate sees profit growth slowing down

first_img Share More From Our Partners Brave 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapp Colgate-Palmolive said 2011 earnings-per-share growth would slow to mid-single digits as it spends more on advertising and new product development to help lift sales volume and market share.The maker of Colgate toothpaste and other personal-care items said third-quarter sales fell 1.4 per cent to $3.94bn (£2.47bn) as pricing was flat and the foreign exchange rates cut 4.5 percentage points from sales growth.Consumer goods makers have faced greater competition from private-label store brands as shoppers remain budget-conscious. That has put pressure on prices even while costs for materials to make their products have risen.Net income was $645m, or $1.21 a share, up from $617m, or $1.12 a share, a year earlier. The company attributed higher profits to effective cost-cutting.Larger rival Procter & Gamble also beat analyst estimates for its earnings on Wednesday on the strength of its new products and overseas sales.Colgate said it expected 2011 earnings per share to rise at a mid-single-digit percentage rate, down from the double-digit increase it expects in 2010, which excludes a one-time charge. Colgate’s Latin American business, its largest region by revenues, saw total sales fall 6 per cent due to foreign exchange effects but were up by the same amount on an organic basis.Volumes rose in almost all its other markets, while North American sales were up two per cent on volume growth or three per cent. However, prices fell 1.5 per cent and profits rose 3 per cent on higher sales and cost cutting.FAST FACTS | COLGATE-PALMOLIVEThe company was incorporated in 1923 and sells products in more than 200 countries.Best known for its Colgate oral care products, the group sells toothpaste, brushes and floss to dentists and consumers. Colgate sees profit growth slowing down KCS-content Tags: NULL Show Comments ▼ Thursday 28 October 2010 8:30 pm whatsapplast_img read more

Shell to sell stake in Woodside Petroleum

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 Famous, Now She Works In {State}MoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory Share Tags: NULL Royal Dutch Shell has unveiled plans to sell about a third of its stake in Woodside Petroleum for $3.3bn (£2bn).Shell said it would hang onto its remaining 24.27 per cent Woodside stake for at least a year – but it could sell earlier under certain circumstances such as a full takeover of Woodside.Woodside operates the massive North West Shelf project in Western Australia which accounts for about 40 per cent of the nation’s entire oil and gas production.Shell said it was selling 10 per cent of Woodside at A$42.23 a share in a sale underwritten by investment bank UBS.UBS would now expected to offer the stock to institutions, analysts said, adding the move was a surprise because the stake could have been offered in one piece to a potential bidder.“Any potential bidder is going to have to at least stump up A$50-plus to bid for Woodside,” said David Lennox, resources analyst at Fat Prophet.Woodside closed flat ahead of the news at A$45.86.The sale is part of a global effort to improve capital efficiency and simplify the group, Shell said. whatsapp Monday 8 November 2010 3:37 amcenter_img Shell to sell stake in Woodside Petroleum More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com John Dunne whatsapplast_img read more

Deutsche Bank gains majority control over Postbank

first_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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity 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 HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Deutsche Bank gains majority control over Postbank Friday 26 November 2010 5:18 am alison.lock Show Comments ▼ Tags: NULLcenter_img whatsapp whatsapp Share DEUTSCHE Bank has clinched its takeover of Deutsche Postbank after securing a 21.48 per cent stake in the Bonn-based lender today.Deutsche Bank said it would consolidate Postbank by the end of the yer after securing the stake in Germany’s largest retail bank on top of its existing 30 per cent holding.The deal is a milestone for Germany’s flagship lender as it seeks to diversify its refinancing base amid new liquidity and capital rules.Deutsche Bank, which depends on investment banking for more than 80 per cent of profits, will add stable earnings from Bonn-based Postbank, which has 14 million clients.Including the costs of acquiring its initial 30 per cent stake, buying all of Postbank would cost €6.3bn (£5.3bn), Deutsche said.The deal also adds a stable funding source and helps Deutsche issue more pfandbriefs, or German covered bonds.The importance of refinancing became clear during the financial crisis when Lehman Brothers, Hypo Real Estate and IKB ran aground in large part due to refinancing and liquidity problems.Deutsche Bank’s shares traded 2.8 per cent lower at €37.825 at 1205 GMT, while Postbank shares slipped 0.2 percent.Deutsche said enough Postbank shareholders had accepted the €25 (£21.10) a share offer – the legal minimum – to hand it majority control.It will gain 1,100 branch offices to total around 2,900 in Germany alone from the addition of Postbank.Deutsche Bank has said combined operations will yield €250m in revenue synergies and about €710m in cost synergies.Earlier this year, Deutsche issued €10.2bn worth of shares to stock up its Postbank holding, which was just under 30 per cent in September.Deutsche staggered its takeover of Postbank to await the impact of Basel III capital rules, buying an initial stake of almost 30 per cent in September 2008 as a way to gain access to Postbank’s 14 million clients. 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Prooflast_img read more

EU in clamp down over trading rules

first_img Tags: NULL Show Comments ▼ Share Thursday 2 December 2010 8:33 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof KCS-content whatsapp EU in clamp down over trading rules whatsapp A CRACKDOWN on Europe’s share, bond and derivative markets has been proposed by the European Commission as it believes current market regulation needs updating.Private trading platforms in banks should be more transparent and regulated directly, a draft consultation on the EU’s Markets in Financial Instruments Directive (MiFID) obtained yesterday shows. The paper says the directive requires “significant extensions” as part of global efforts under the G20 “to tackle less regulated and more opaque parts of the financial system.” It calls for tougher regulation of trading facilities, technologies and methods of execution to tackle the increasing complexity of markets and diversity in financial instruments. It wants to tackle trading inside banks or brokers, which exchanges have criticised as too opaque, proposing “a new sub-regime for crossing systems within the family of organised trading facilities,” covering equities and other financial instruments.Derivatives contracts that can be centrally cleared and are “sufficiently liquid” should be traded on an electronic platform such as an exchange, a multilateral trading facility (MTF) or a new category of trading platform to be defined, it said. “At a minimum this would imply that trading on exchanges and electronic platforms becomes the norm when the market in a given derivative is suitably developed,” it said. The proposed changes are similar to recent US legislation to improve market transparency. There is also a backlash against automated high-speed trading, which can threaten “the orderly functioning of markets,” and against high-frequency trading. It proposes a specific regime for automated trading and requirements such as risk controls.The EC should release the final document next week when the two-month consultation period begins. last_img read more

Twitter financing values it at $3.7bn

first_img Tags: NULL Share Twitter financing values it at $3.7bn Show Comments ▼ KCS-content More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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 whatsapp Twitter has raised $200m in financing in a deal that values the microblogging company at $3.7bn (£2.4bn), less than a year after it began its first serious efforts to make money. The investment came from Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers and existing investors. The money will help Twitter grow the company, Twitter said in a post yesterday on its corporate blog. Wednesday 15 December 2010 8:13 pm whatsapplast_img read more