ENRC lifted by new mines

first_img whatsapp ENRC lifted by new mines whatsapp KAZAKH miner Eurasian Natural Resources Corporation (ENRC) posted an 80 per cent rise in first-half pre-tax profit yesterday and raised its earnings per share 63 per cent to 70 cents, crediting a rise in production and acquisitions.Shares dipped by four per cent to 928.5p, however, as the firm voiced concern over falling commodities prices. “Current economic signals remain mixed and there are some evident areas of weakness,” the London-listed firm said yesterday. “In this environment pressures are evident on the realised prices that we are able to secure for our commodities.”ENRC profits rose to $1.2bn (£770m), from sales that rose from $1.6bn to $3bn.The company said controlling costs would remain a challenge after like-for-like costs increased 27 per cent.Operations in Kazakhstan are now at full capacity, according to chief executive Felix J Vulis. He said: “We remain positive on the long-term prospects for the growth of the Chinese and Russian economies.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Share KCS-content center_img 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Wednesday 18 August 2010 8:09 pm Tags: NULLlast_img read more

CRH shares tumble on economic woes

first_img Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comConnecticut man dies after crashing Harley into live bearnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com KCS-content whatsapp IRISH building giant CRH warned core earnings would fall 10 per cent this year as the US economic recovery falters, sending shares in the leading asphalt producer in the United States plummeting yesterday.CRH, which splits its revenue between the United States and Europe, said as recently as last month it expected earnings in its seasonally stronger second half to improve year-on-year. However, chief executive Myles Lee said disappointing US figures would hit future revenue. The group said pre-tax profit for the first half of the year fell 77 per cent to €25m, in line with expectations, after revenue fell eight per cent. Shares closed down 16.9 per cent at €11.74 yesterday. Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.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 PastTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmcenter_img Tuesday 24 August 2010 7:52 pm Tags: NULL CRH shares tumble on economic woes whatsapplast_img read more

Moody’s reaffirms UK’s triple-A rating

first_img whatsapp whatsapp Monday 20 September 2010 6:54 am Tags: NULL John Dunne Moody’s reaffirms UK’s triple-A rating 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 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof The government welcomed a report by credit ratings agency Moody’s which reaffirmed the outlook for the nation’s triple-A sovereign debt rating, saying it supported its approach to cutting public debt. “This supports the Government’s approach to cutting the deficit,” said a Treasury spokesman.“Moody’s say that their stable outlook for the UK’s AAA credit rating is driven by the action to cut the deficit, and that reducing spending is more likely to bring down borrowing than relying on tax rises.” last_img read more

Ed Miliband just beating David in Labour race

first_img Tags: NULL Share Our latest YouGov/Sunday Times poll of Labour’s leadership election college shows the race is neck and neck. Six weeks ago David Miliband was leading his brother by eight points. Our poll on 7-9 September shows the two brothers are within two points of each other, with Ed Miliband narrowly ahead.YouGov asked people their first preference, their second preference, and then who they would prefer between the two frontrunners. Samples of party members and members of Labour-affiliated trade unions were polled, and MPs’ preferences were based upon research by the website Left Foot Forward.The main movement since July is amongst Trade Unionists. In the Trade Union section of the college there has been a large movement, in July we found a lead of 12 points for David amongst eligible trade unionists. Since then there has been a huge shift, and Ed now leads David in that section by 57 per cent to 43 per cent. At first sight, it would appear that the big trade unions’ endorsements of Ed Miliband had a decisive effect.Putting all three parts of the college together this leaves Ed two points ahead, 51 per cent to 49 per cent. David Miliband is still ahead amongst MPs, but not enough to beat Ed Miliband’s lead among members and trade unionists. A key unknown is turnout, but notably over 40 per cent of those polled said they had already voted, and these respondents were more likely to back Ed Miliband.Amongst both Labour members and trade unionists David Miliband is still seen as the candidate who would be most likely to win the next election, and most likely to make a good Prime Minister. This would suggest that members and trade unionists are backing the candidate best reflecting their views, rather than the candidate they see as most likely to win.Stephan Shakespeare is founder and chief executive of YouGov. Ed Miliband just beating David in Labour race Show Comments ▼ Tuesday 21 September 2010 7:20 pm center_img 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 ScottsdaleMoneyPailUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity 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.comUndo whatsapp 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 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp KCS-content last_img read more

Red Ed? Come off it: A pitch for the centre

first_img POLITICAL EDITOR’S ANALYSISED MILIBAND’S inaugural leaders’ speech will not be remembered for its rhetorical flair. There was none of the barrister’s flourish that characterised Tony Blair’s excellent performances. For all its talk of optimism, it lacked the hopeful oratory that Barack Obama offered the US electorate in 2008. When David Cameron gave his first conference speech, the Tory party knew they had a leader for keeps, but Labour is still unsure. It was overly long, with a few too many gaffes. The jokes were barely passable, delivered by a man who knows little about comic timing. This was not a washout, however – far from it. Labour’s new leader did exactly what he needed to. Miliband, virtually unknown off the Westminster stage, had to give the public a sense of himself. The passages on his parents’ persecution at the hands of the Nazis were useful in providing a political back story, something he did far more successfully than Gordon Brown (no mean feat when your father was a Marxist intellectual, not a protestant minister). Still, it’s hard to plead strong family ties when you’ve just knifed your elder brother in the back. BIG BAD BUSINESS He managed to articulate what he stands for more clearly than Cameron did in the election campaign, with his talk of the “Big Society”, a concept that continues to puzzle voters. There is no doubt that Miliband’s leadership will take the party leftwards. He championed the low-paid, but had only accusations and recriminations for highly-remunerated bankers and company executives. Small firms and entrepreneurs are Labour’s friends, he said, but big business is not. It is simply impossible to imagine these sentiments from Messrs Mandelson, Blair and even Brown, but we live in quite different times. Envy is back. The speech was firmly pitched at the centre ground, however, or at least Miliband’s version of it. Red Ed? “Come off it,” retorted the new leader. He spoke with pride of a failing local school that improved after it was taken over by an academy sponsor; promised to be tough on crime; and admitted the party had lost its reputation for economic credibility by conceding he had to win it back. On the deficit, however, he prevaricated, giving just mealy-mouthed support for former chancellor Alistair Darling’s plan to halve it in four years. HOME TRUTHS“I was elected to be leader, and lead I will,” Miliband told the delegates, peppering his speech with hard truths for the right and left of the party. The shadow cabinet sat in stony silence as he said they were wrong to go to war in Iraq while the union barons looked incredulous as he distanced himself from their calls for strikes. Labour would have cut jobs in the public sector if they had won power he said, meaning he cannot oppose every redundancy. The infirm and disabled must be protected, but the able must work, he added, using exactly the same language employed by the coalition. Tory welfare secretary Iain Duncan Smith, a bête noire of the left, got the nearest thing to a vote of confidence that a leader of the opposition can give to a government minister. He is the first Labour leader in recent times to admit the party failed its working class members with its handling of mass EU immigration. Miliband’s version of the centre ground differs from Tony Blair’s and David Cameron’s, however. This was a speech for the “mainstream majority”, people on low and middle incomes – not middle England. Aspirational voters in the South and East Anglia – the very people who deliver general election victories – will not be impressed. As a politician who learnt his trade at the feet of one Gordon Brown, the speech would have been incomplete without those famous dividing lines. Although he barely acknowledged the deficit – the political issue du jour – he promised a strategy for growth, a reason to be optimistic. Fiscally irresponsible but politically shrewd, this tactic will work. Miliband will try to paint coalition ministers as grey, autocratic cutters without vision: “You were the optimists once but now all you offer is a miserable, pessimistic view of what we can achieve.” Prime Minister Brown – the Tories’ biggest electoral asset – has gone. Miliband, for all his flaws, is a more serious opponent. They write him off at their peril. [email protected] LEACH | INSTITUTE OF DIRECTORS“Ed Miliband says that he wants Labour to be the ‘party of enterprise and small business’. How are these sentiments reconcilable with a commitment to new employment regulations for agency workers and a large hike in the minimum wage? Both measures would hurt small and large businesses, not support them. It is early days, but we detect a drift away from New Labour’s efforts to talk up a pro-enterprise agenda.”RICHARD LAMBERT | CBI“The message of this speech is that Ed Miliband wants to position himself on the centre ground of politics. He stressed that Labour must win back fiscal credibility by the next election and that it must build prosperity, as well as distribute it. Companies will worry about some of the issues he raised. For example, the living wage, agency workers and the bank levy. But he was careful not to get into detail.”PAUL KENNY | GMB UNION“It was a fantastic and inspiring speech. No one can be in any doubt that the Labour Party has a new, real leader in touch with people – a new generation is in town. The speech provides a first glimpse for the British people of a great new leader, who is humble, honest, dignified and is not afraid to take on vested interests of all kind for a better Britain.” KCS-content whatsapp whatsapp Share Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.com Tuesday 28 September 2010 11:13 pm Show Comments ▼ Red Ed? Come off it: A pitch for the centre last_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com Share JefferiesThe investment bank has hired Simon Hampton from Bank of America Merrill Lynch as its new European head of real estate, gaming and lodging investment banking.Hampton spent over 13 years at BoA Merrill Lynch, including eight as head of the real estate, gaming and lodging investment banking group for the EMEA region. Prior to that, he was in the corporate finance group at NatWest Markets. CITY MOVES | WHO’S SWITCHING JOBS center_img whatsapp KCS-content whatsapp Ernst & YoungThe accountancy firm has named UK advisory partner Malcolm Bairstow to lead its global construction and infrastructure practice.Bairstow has over 30 years of experience in property, construction and infrastructure and has been with EY since 2000. He currently leads a number of advisory and assurance engagements for government and private sector clients in the UK and globally.OtkritieThe Russian financial services group has hired Sunil Joshi, Berthold Maier and Vinay Ruparelia to its London team.Joshi joins as a managing director and head of London equities, while Maier and Ruparelia become directors of equity sales. All three join from Renaissance Capital, where they held positions as head of equity trading, director of international equity sales and vice president of international equity sales respectively.Close Asset ManagementBeverley Lavin has joined the asset manager as head of financial planning, reporting to head of UK wealth management Steven Mendel.Lavin joins from Brewin Dolphin, where she held the same role.Moss BrosThe suit retailer has hired Maurice Helfgott as a non-executive director, effective from 19 October.Helfgott was previously an executive director and head of menswear at Marks and Spencer, and is also the founder of Amery Capital, an investment and advisory firm.HammondsThe law firm has hired Mark Norris, previously head of the London banking group at Simmons & Simmons, as its new head of banking. Thursday 7 October 2010 7:29 pmlast_img read more

Bernanke calls for new fiscal stimulus package

first_img Bernanke calls for new fiscal stimulus package Friday 15 October 2010 8:47 am 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap John Dunne center_img US Federal Reserve Chairman Ben Bernanke said high unemployment and low inflation point to a need for a further easing of US monetary policy, but said policymakers were still weighing how aggressive they should be.“There would appear – all else being equal – to be a case for further action,” Bernanke said in remarks prepared for delivery to a conference sponsored by the Boston Federal Reserve Bank.Bernanke said a prolonged period of high unemployment could pose a risk to the recovery’s sustainability and said the low level of inflation meant the risk of a dangerous downward slide in prices was greater than desirable. 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today whatsapp Share Show Comments ▼last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_imgMonday 6 December 2010 9:23 pm KCS-content WHAT THE OTHER PAPERS SAY THIS MORNING Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For It40 Features In Cars No One Ever Knew: No.19 Is In Every CarBrake For ItUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndozenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinitionUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndoTaco Relish20 Southern Phrases Northerners Don’t UnderstandTaco RelishUndoSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndoParenting FactorLily From The AT&T Ads Is Causing A Stir For One ReasonParenting FactorUndo whatsapp whatsapp FINANCIAL TIMESEMPLOYER OPTIMISM INCREASES IN BIG ECONOMIESHiring in the US and half a dozen other leading economies will increase for the first time in more than two years during the first quarter of 2011, according to a report released on Monday by Manpower, a global recruiting firm. Manpower’s Employment Outlook Survey shows plans are stable or improving in the US, Japan, Germany, UK, Canada, France and Italy.ACKMAN FILING LIFTS BARNES & NOBLEShares in Barnes & Noble jumped more than 15 per cent on Monday after Bill Ackman, the activist investor, said he would be prepared to support a bid for the company by rival Borders, in which he holds a 37 per cent stake. Ackman’s Pershing Square fund said it would back an offer of $16 a share.EDF QUITS GERMANY WITH ENBW SALEEDF insisted its international strategy was unchanged after announcing its withdrawal from Germany through the surprise sale of its politically controversial stake in the German utility EnBW. The state of Baden-Württemberg is buying EDF’s 45 per cent stake for €4.7bn in cash. Henri Proglio, chief executive of the French state-controlled utility, said EDF was not turning its back on Europe’s biggest economy.BTG PACTUAL LURES $1.8BN CAPITAL INVESTMENTBTG Pactual, the independent Brazilian investment bank, has secured a $1.8bn injection of fresh capital from a consortium of banks, led by three of the world’s biggest sovereign wealth funds. The investment marks the biggest ever sovereign wealth fund commitment in Brazil and underlines the shift in the funds’ focus towards emerging markets.THE TIMESBEGBIES WAITS AS COMPANIES LIVE TO FIGHT ANOTHER DAYBegbies Traynor has warned that first-half profits will fall by 16 per cent because a predicted surge in corporate collapses triggered by the recession had failed to happen.Shares in the AIM-listed insolvency specialist fell 6 per cent yesterday after it said in a trading update that adjusted pre-tax profits would drop to £3.6 million for the six months to October 31.SWISS BANK CLOSES ASSANGE ACCOUNTA Swiss bank became the latest international company to turn against WikiLeaks as it froze an account in the name of the website’s founder.PostFinance closed the account because it claimed that Julian Assange had given false information about where he lived.The Daily TelegraphAFRICA’S DANGOTE CEMENT PLANS $5BN UK SHARE SALE Dangote Cement is said to be look at a London sale of global depositary receipts in the region of $3bn to $5bn, valuing the company at around $20bn. Goldman Sachs, JPMorgan Chase and Morgan Stanley are helping to prepare the sale, which is reportedly slated for next year.QATAR SHARES HIT TWO-YEAR HIGH ON WINNING WORLD CUP BIDQatar’s stock market index surged to a two-year high on Sunday, the first trading day after the Gulf state won the bid to host the 2022 football World Cup. The Qatar Exchange index opened up 7per cent but fell back slightly later to close up 3.6 per cent – or 292 points – at 8,477.32 points. Real estate firm Barwa was up 6.19 per cent and Al Khalij Holdings, in cement making, 6.2 per cent.THE WALL STREET JOURNALDEAL NEAR TO CUT PAYROLL TAXThe White House and Republican lawmakers were close to an agreement on a broad tax package that would extend the Bush-era rate cuts, reduce worker payroll taxes for one year and give more favorable treatment to new business investments. Other possible elements include a temporary reinstatement of the estate tax at 35 per cent.BIG BANK SITTING ON A BIG PILE OF COPPERJ.P. Morgan Chase & Co. has emerged as the mystery buyer of more than $1 billion of copper, accounting for more than 50 per cent of all the metal stored in official London warehouses and stoking worries about an impending supply shortage. The New York bank’s purchases have caused a stir in commodities circles in recent weeks. Show Comments ▼ Sharelast_img read more

Legal decision harms Danone

first_img Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com KCS-content Tags: NULL HEALTH product producer Danone yesterday saw its share valuation downgraded by analyst Sanford C Bernstein.Growth expectations for this year and the medium-term have been downgraded for the world’s largest yogurt maker, despite a strong stock performance in 2010. It now carries a “market-perform” rating, down from “outperform”, due to risks facing its business.Legal rulings recently blocked the promotion of health benefits on its products, including Actimel and Activia, which could hit performance. whatsapp Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Tuesday 4 January 2011 7:55 pm whatsapp Legal decision harms Danone last_img read more

FAO fears record food prices could head even higher

first_imgWednesday 5 January 2011 11:35 am Tags: NULL 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.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.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com WORLD food prices hit a record high last month, outstripping levels that prompted riots in 2008, and key grains could climb even further, the UN’s food agency has warned.The UN Food and Agriculture Organisation’s measure of global monthly price changes for a food basket of cereals, oilseeds, dairy, meat and sugar has reached its highest since records began in 1990 – topping levels in 2008 when a food crisis sparked riots in some countries.A mix of high oil and fuel prices, growing use of biofuels, bad weather and soaring futures markets pushed up prices of food in 2007/08, sparking violent protests in countries including Egypt, Cameroon and Haiti.FAO economist Abdolreza Abbassian told Reuters the organisation was worried by the unpredictability of current weather activity, given the already high price levels and low supply of some grains.“There is still room for prices to go up much higher, if for example the dry conditions in Argentina tend to become a drought, and if we start having problems with winterkill in the northern hemisphere for the wheat crops,” he said.Winterkill occurs when cold attacks plants seeded, generally in the autumn, for harvesting the following year.Prices of grains surged in 2010, with wheat buoyed by a series of weather events including drought in Russia and its Black Sea neighbours. European wheat prices doubled, US corn rose more than 50 per cent while US soybeans jumped 34 per cent.“The fundamentals of the corn market are clearly the tightest ones,” said Societe Generale analyst Emmanuel Jayet. “It’s the grain where stocks are already very low and where there are questions about a further drop to historically low levels,” he said, adding that he also expected soybeans and wheat prices could rise on a fall in supplies.The FAO’s food price index put in its sixth straight rise, averaging 215 points last month, up from 206 points in November and topping the high of 213.5 reached in June 2008.Its indexes for sugar and meat reached new record highs, while its Cereals Price Index, which includes prices of main food staples such as wheat, rice and corn, rose to its highest level since August 2008. whatsapp Show Comments ▼ whatsapp Share FAO fears record food prices could head even higher alison.lock last_img read more