Bank ‘may spark crunch’

first_imgAn abstruse and little understood measure of the money supply – adjusted M4 – is flashing serious warning signals of distress over coming months, replicating a pattern that led to a vicious slump in the early 1980s.Simon Ward, New Star’s chief economist, says the growth rate of M4 holdings of corporations (excluding banks) has plummeted from 16.1% a year ago to 1% in April. Past falls of this kind have heralded economic contraction. It is the speed of the decline that matters most, rather than the absolute level.Daily Telegraphlast_img read more


Fee income falls at Simmons

first_imgFee income at City firm Simmons & Simmons fell by 16% in the first half of the financial year, the firm reported today. The drop, to £120.3m in the six months to 31 October, from £143.5m over the same period in 2008/09, was blamed on the costs of redundancy payments and the firm’s office closures in Portugal and Russia. A Simmons & Simmons spokesman said that its contentious group was performing best across employment, financial and intellectual property. For the full financial year 2008/09, the firm’s revenues rose slightly from £289m to £291m but profits per equity partner fell by 20% to £520,000.last_img read more


Line 5 funding

first_imgBEIJING Municipal Government has set up a subsidiary company to raise international and private sector funding for the construction of a new metro line in the capital. The north-south Line 5 will link Songjiazhuang in Fengtai district with Taipingshuang in neighbouring Changping county. Construction of the route – one of 13 in the city’s metro development plan – is costed at 11·9bn yuan. nlast_img


Chinese orders

first_imgKOWLOON-Canton Railway Corp has awarded two contracts worth a total of €44m to Siemens Transportation Systems. One covers the provision of signalling, control and electrification equipment for a 4 km 10-station extension of the Tuen Mun light rail network to connect with West Rail. Together with rehabilitation work on the existing network, this package is worth €34m.The other €10m contract has been awarded to a consortium of Siemens and Barclay Mowlem. This covers electrification work on the Hung Hom – Tsim Sha Tsui East extension to KCRC’s East Rail line, totalling just over 3 km. Under another contract announced in mid-August, Shanghai’s 17 km Xinmin elevated metro line is to be fitted with Siemens Vicos operating controls, Sicas electronic interlockings and ZUB200 intermittent ATP. Installation will be completed by the end of 2002, for trial operation from July 2003.last_img read more


Three parks in Africa receive funds to aid in fighting illegal…

first_imgThree wildlife parks critically affected with illegal killing and trafficking of wildlife in Southern, Eastern and Central Africa will receive major support from World’s leading organization in wildlife protection and conservation.The parks that include the Mana pools, Sapi and Chewore UNESCO World Heritage Sites in Zimbabwe, Dzanga Sangha Protected Area Complex in the Central African Republic and Queen Elizabeth National Park in Uganda will receive backing from the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).  CITES will provide the much needed support to the parks in various ways.Queen Elizabeth National Park in Uganda will receive training for their rangers and more equipment to aid with patrol and communications equipment. Furthermore the park will be supported in developing and implementing a law enforcement strategy and strengthening their use of intelligence, investigations and prosecutions and enhancing the use of law enforcement monitoring systems to inform protected area management.Dzanga-Sangha Project in C.A.R will be supported in patrol operations, equipment and capacity for conducting special enforcement operations especially in building collaboration with other law enforcement agencies involved in combating wildlife crime around the protected area.Mana Pools, Chewore and Sapi project in Zimbabwe will also be assisted in fortifying patrol operations by training and equipping rangers. The park will be assisted in enhancing law enforcement operations, coordination and monitoring across the three individual areas that make up the World Heritage Site. Collaboration between the local communities and the law enforcement will be strengthened.CITES selected the parks based on their efforts in elephant and CITES listed species conservation, level of poaching and other threats to the areas.“These three well-targeted interventions were designed drawing upon the best local knowledge available to reduce illegal wildlife trade at its source. We are pleased to be able to provide such focused support and to be working directly with national wildlife agencies and local and international NGOs in pursuit of our common conservation goals. We look forward to extending such support to additional areas in the near future” said John E. Scanlon, the Secretary-General of CITES.European Union has given funds to CITIES for the project.last_img read more


Theresa Royer retires after 30 years service to Credit Union Movement

first_img Share Sharing is caring! BusinessLocalNews Theresa Royer retires after 30 years service to Credit Union Movement by: – July 20, 2018 Share 196 Views   no discussionscenter_img Share Tweet Mrs. Royer receives award from Mrs. Joan Thomas, Vieille Case Branch(Press Release) After 30 years of dedicated and distinguished service to the Credit Union movement, seven of which were spent with the National Co-operative Credit Union (NCCU) Ltd, credit union stalwart, Theresa Gustave-Royer has retired. Mrs. Royer formally joined the Vieille Case Credit Union (VCCU) Ltd on February 1, 1987, as its first Manager. She served with distinction for 23 years until November 1, 2010, when the VCCU, along with three other credit unions, amalgamated with the Roseau Cooperative Credit Union (RCCU) to form the National Cooperative Credit Union Ltd. Mrs Royer has been described as a pillar of the credit union movement, an inspiring and great leader, effective manager, motivator, advisor, educator and “all rounder” who got things done. Under her watch, VCCU was elevated to the stature of one of the best credit unions in Dominica receiving the prestigious Credit Union of the Year Award on four occasions and copping the Best Cooperative Award three times. Mrs. Royer was convinced that amalgamation was an imperative to growth for the credit union movement. She advocated tirelessly for a “National Credit Union” and lobbied the VCCU Board to begin the process while informing the VCCU membership on the benefits of amalgamation. The birth of the NCCU is testimony to the vision, perseverance and courage of Mrs. Royer and the other NCCU pioneers. She leaves behind an enduring legacy in a well-trained staff, a strong and vibrant Branch, members who are informed and educated on the credit union movement; ad hoc committees and the various projects which she spearheaded during her tenure at VCCU and NCCU. The credit union movement was privileged to have an outstanding foot soldier like Mrs. Royer who was able to soar like a eagle facing challenges head on with courage and zeal and allowing the credit union, the staff, members and community to soar with her. Mrs. Royer was honoured by the NCCU at its 8th Annual General Meeting and recently by the Vieille Case Branch in “A Celebration of Success”. The NCCU salutes and thanks Mrs. Royer for her long and dedicated service to the credit union movement. We wish her God’s continued blessings, health and long life. Happy retirement Mrs. Royer.last_img read more


OECS Congratulates Dominican Student on Academic Achievements in Morocco

first_img Share 262 Views   no discussions LocalNewsRegional OECS Congratulates Dominican Student on Academic Achievements in Morocco by: – November 25, 2019 Tweet Sharing is caring!center_img Share Share [L-R] His Excellency Ian M. Queeley, Ambassador-Designate to the Embassies of Eastern Caribbean States to the Kingdom of Morocco; Graduate Mr. Terry Gregory Lovell of the Commonwealth of Dominica; and Mr. Kurt Williams, First Secretary to the Embassies of Eastern Caribbean States to the Kingdom of Morocco, in attendance at Mr. Lovell’s graduation ceremonyRabat, Kingdom of Morocco — The Embassies of the Eastern Caribbean States to the Kingdom of Morocco (ECS Embassies) extends its warmest congratulations and highest regards to Mr. Terry Gregory Lovell for his recent academic accomplishments while pursuing his undergraduate studies at Groupe Miage, a private education institution in the Kingdom of Morocco.Mr. Lovell’s relentless pursuit of knowledge culminated in a graduation ceremony held in Rabat, the capital city of Morocco, during which time Mr. Lovell was recognized as a top academic performer in his faculty.As a participant in the ongoing academic scholarship programme extended by the Kingdom of Morocco to nationals of the Member States of the Organisation of Eastern Caribbean States (OECS), Mr. Lovell’s hard work was rewarded with the presentation of his Bachelor’s degree in the field of Computer Science with a specialisation in Systems and Network Administration.Read morelast_img read more


60 Seconds With: Matt Sullivan

first_img📚 Supply Chain Logistics and Finance double major⚾️ 3-year @UWF_Baseball starter💪 7 doubles, 2nd most in the GSCThis week we get to know Matt Sullivan. #GoArgos Print Friendly Versionlast_img


Borough Assembly Tours K-Beach Floods: Part 2

first_imgHe has been working with the K-Beach High Water Drainage Task Force and said residents he has spoken with would like to see the potential of future flooding mitigated. Mayor Mike Navarre previously stated the tour would be to familiarize assembly members with the areas and the types of things that had been done at the time of the flooding to help residents most heavily impacted.The areas showed mostly ditching, culverts, and reinforced banks which had been installed by the borough and partners in order to try to alleviate the water movement generated in the 2013 flooding. FacebookTwitterEmailPrintFriendly分享Borough Administration and members of the public visited six K-Beach areas affected by the 2013 flooding.Toby Burke lives in the area and has throughout the flooding. Burke: “That’s not going to happen unless there’s a comprehensive plan developed and so far that has not happened and local residents like myself are trying to make sure that a local and comprehensive plan is developed because there really hasn’t been one developed and that’s probably not going to happen until a drainage engineer is involved.” The area where the Seventh Street Water Conveyance Structure was also visited, surveys on the easement were completed sometime last week.last_img read more


Olympic Eagles Step Up Preparation For Sudan

first_imgAs the countdown to the third round of U23 Africa Cup of Nations against Sudan continues, the U23 National Team, Olympic Eagles, defeated Falala FC 2-0 in a warm-up game played at FIFA Goal Project in Abuja on Thursday.Goals from Ndah Olisa in the 43rd minute and Sunday Adetunji in the 57th minute sealed the victory as the team stepped up preparations for the first leg in Omdurman on Thursday, 5th September, to be followed by the return leg in Asaba on Tuesday, 10th September.The Olympic Eagles started on a bright note, exerting much pressure on the opposition, but glorious goal-scoring opportunities in the first 20 minutes went begging. Orji Sunday came close to scoring in the 22nd minute but blazed the ball over the bar. The attacking midfielder had another chance but missed from a free-kick close to the 18 -yard box area. The pressure mounted by the team finally paid off when central defender, Ndah Olisa broke the deadlock with a sumptuous header from a corner kick by Orji Sunday in the 43rd minutes. In the second half, the wards of Imama Amapakabo continued with their dominance. But another big chance was thrown away as Sunday Adetunji blew it wide. Adetunji made no mistake in the 57th minute when he doubled the lead with a well-taken goal after receiving a lofty pass from Sunusi Ibrahim.Ndifreke Effiong came close to adding to the numerical advantage but the referee ruled his effort offside. Chibundu Amah also had opportunity to nick the third goal but the opposing goalkeeper rushed out to save the situation.The Olympic Eagles will continue their preparations with training games before departing for Sudan early next week. The winner over two legs between Nigeria and Sudan will qualify for the 3rd U23 Africa Cup of Nations, scheduled for Egypt 8th – 22nd November 2019.RelatedU23 AFCON: Ahmed Musa Charges Olympic Eagles To go For Win In SudanSeptember 2, 2019In “National Team”U23 AFCON: Victor Osimhem Gives Statement On His Quality After Libya ThumpingMarch 25, 2019In “AFCON”U23 AFCON: Controversial Penalty Condemn U23 Eagles To Defeat Against Cote d’IvoireNovember 9, 2019In “Africa”last_img read more