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Consumer confidence fell in September

first_img Consumer confidence fell in September KCS-content Wednesday 29 September 2010 11:16 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULL whatsappcenter_img Share BRITONS lost confidence in September as fears of a double-dip recession intensified, indicating that last month’s improvement was merely a blip, according to the GfK consumer confidence survey published today.Nick Moon, managing director of GfK NOP Social Research, said: “September’s slump suggests the rise in consumer confidence in August was a false dawn, as feared.”The headline index fell two points to -20, the lowest level in more than a year apart from the July trough that was likely to have been caused by the emergency Budget. There was a decline in consumers’ confidence in their personal financial situation over the past year and in their expectations for the next 12 months as well as in the general economic situation. Optimism for the economy over the next year fell five points to -19, 23 points lower than in September 2009.However, more consumers now think that the current climate is good for making major purchases with the index rising five points compared to August. This is perhaps due to the scheduled January VAT hike encouraging consumers to buy big ticket items before the end of the year. whatsapp 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 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

Corporate lending in Europe, Africa and the Middle East rises to $574bn

first_img whatsapp Thursday 30 September 2010 10:28 pm whatsapp Tags: NULL COMPANIES in Europe, the Middle East and Africa (EMEA) borrowed $574bn (£365bn) of syndicated loans in the first nine months of 2010, up 16 per cent on the same period a year ago as the loan market was boosted by a jumbo loan for BHP Billiton, according to Thomson Reuters data.Lending in the third quarter totalled $212bn, with 21 per cent taken by BHP’s $45bn loan to back its bid for Potash Corp, the biggest loan since brewer ABInBev’s $45bn acquisition loan in 2008.Banks are more willing to lend for big takeovers and with borrowing cheap would-be buyers are seizing the chance, meaning that sensible deals that were ruled out because financing was too scarce or costly may now return to the agenda, even if they run into the tens of billions of dollars.BHP’s loan signalled the return of big-ticket M&A for the first time since 2008. The deal pushed the third-quarter acquisition loan volume to $57bn, the highest quarterly total for M&A since the fourth quarter of 2008.With $60bn of loans in the pipeline – deals in syndication but not yet signed – the market is on track to beat last year’s $650bn annual total, the lowest since 2003.The third quarter is traditionally the quietest three months of the year, since it includes the summer holidays, but it still managed to record the second highest quarterly total since the second quarter of 2008. Share Corporate lending in Europe, Africa and the Middle East rises to $574bn More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ KCS-content last_img read more

Obama heads for internal conflict over the heated issue of tax cut eligibility

first_imgMonday 22 November 2010 5:42 am Tags: NULL whatsapp whatsapp PRESIDENT Barack Obama’s fellow Democrats in the US Congress, many upset with him for election losses, are in disarray over what to do about tax cuts for millions of Americans that are set to expire on December 31.With time running out and high political and economic stakes, Obama is pushing Democratic leaders to determine if they can win an acceptable extension of the cuts, which he could sign into law.Resurgent Republicans are demanding that all the tax cuts be renewed, including those for wealthier Americans – individuals making more than $200,000 and families above$250,000.Obama favours renewing the tax cuts only for those at or below those level, saying the nation cannot afford to renew them for wealthier Americans.Despite a number of options — including renewing all tax cuts or only those for the middle class or tying any extension to a renewal of jobless benefits — there is no indication a consensus is near.“How the hell should we know when we will figure this out?” said a senior Senate Democratic aide. “This is the Democratic Party,” long known for internal struggles and diverse views.“It seems like no one is on the same page,” said Chris Krueger of MF Global, a private firm that tracks Washington for investors. KCS-content 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 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 Proof Show Comments ▼ Obama heads for internal conflict over the heated issue of tax cut eligibility last_img read more

Bank of England again split over policy

first_img Show Comments ▼ whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp The Bank of England’s Monetary Policy Committee (MPC) has been divided again over interest rates and quantitative easing (QE), according to minutes of its last meeting.In December the minutes showed that one of its nine members again wanted QE to be expanded, while another continued his call for interest rates to rise to 0.75 per cent from 0.5 per cent.In each of the last three monthly MPC meetings, Andrew Sentance has called for rates to rise in order to cool inflation, while his colleague Adam Posen has voted for QE to be expanded.However, eight MPC members voted for both rates and QE to stay unchanged. Sharecenter_img John Dunne 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 ScottsdaleMoneyPailSerendipity 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Bank of England again split over policy Wednesday 22 December 2010 6:43 am Tags: NULLlast_img read more

Western Digital in $4.3bn deal

first_img whatsapp 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Show Comments ▼ Western Digital in $4.3bn deal Western Digital, the world’s second-biggest hard drive maker, yesterday agreed to buy Hitachi’s hard disk drive operations for about $4.3bn (£2.7bn) in cash and stock. After the deal, Hitachi will own 10 per cent of Western Digital. Western Digital said it had secured a term loan of $2bn and a revolving credit facility of $500m to fund the deal. The largest tech deal to be struck this year caps years of consolidation for a beleaguered industry that has battled persistent sales growth declines, and now faces a longer-term threat from wireless devices like Apple’s iPad. Share Tags: NULL whatsapp Monday 7 March 2011 8:56 pm KCS-content last_img read more

Espirito Santo profits fall on Basel III cost

first_imgWednesday 23 March 2011 8:11 pm More From Our Partners Brave 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Show Comments ▼ whatsapp Tags: NULL Sharecenter_img PORTUGUESE investment bank Espirito Santo blamed the Eurozone debt crisis and the new Basel III rules for a 22 per cent drop in net income to €122.2m (£106.3m) for the year yesterday. Espirito Santo, which bought London stockbroker Execution Noble last November, said pre-tax profit fell 3.2 per cent to €678.6m.Fees and capital market income grew 13.6 and 7.8 per cent respectively, delivering more than €1bn to net income, but a 10 per cent rise in operating expenses dented gains. The bank said an agreement with the Portuguese government to lower wages in 2011 would pare losses this year. “Overall recurrent income remained healthy despite a difficult operating environment, it said. The bank added: “Increased interest costs relating to [our] commitment to maintaining a strong capital position, as required under Basel III, contributed to a fall in overall results.” whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndo Espirito Santo profits fall on Basel III cost KCS-content last_img read more

Services look for a rebound

first_img Show Comments ▼ whatsapp Share 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 TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp KCS-content center_img PROSPECTS for economic recovery in 2011 will be clearer this week, when official data is released on the UK’s largest sector.The index of services fell 0.6 per cent in the final month of last year, yet is expected to rebound in 2011.January’s data is released on Wednesday, by the Office for National Statistics.Severe winter conditions were partly responsible for the knock to Demember’s figures, although services are failing to bounce back as strongly as many hoped.“We are seeing manufacturing grow very strongly, at some record rates, whereas services are struggling,” said Chris Williamson of Markit.Markit’s purchasing managers’ index hit an eight-month high of 54.5 for the services industry in January, as it sprung back from the December decline. However, growth (represented by all figures over 50 in the index) slipped to 52.6 in February, reflecting ongoing weakness in services.Growth in manufacturing, meanwhile, hit a 20-year high in January and continued to thrive into February, according to the PMIs.“Domestic consumer spending still accounts for 65 per cent of GDP, so weak domestic demand hits a lot of areas,” Williamson said. While much of the services industry can turn to expanding demand for exports, the rebalancing of the UK won’t be strong enough to push the whole sector forward, Williamson said.In December, hotels and restaurants saw output plummet by an annualised rate of 5.4 per cent. Business and finance, less affected by the weather and domestic demand, slipped just 0.8 per cent. Tags: NULL Sunday 27 March 2011 11:41 pm 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Services look for a rebound last_img read more

Parliamentary committees to scrutinise racing levy changes

first_img The UK government’s plans to change how the horserace betting levy is collected and distributed have hit a stumbling block after it was revealed that committees from both houses of the UK Parliament are to scruitinise the plans.The regulatory committees of both the House of Commons and the House of Lords will meet Wednesday (November 21st) to run the rule over the proposals. The Department for Digital, Culture, Media and Sport (DCMS) has already set out its intention to abolish the Horseracing Betting Levy Board and move its powers to the Gambling Commission and Racing Authority, a body representing the British Horseracing Authority, the Racecourse Association and the Horsemen’s Group. According to the government, this will help save on administration costs and also free up additional funding for the British horseracing industry and overall horse welfare. However, the move could be halted after the House of Lords Delegated Powers and Regulatory Reform Committee (DPRRC) flagged up a number of concerns with the Order. The DPRRC said it is uncertain about the appropriateness of the draft Order and whether it would pass a number of statutory tests in order to pass into law. The committee will now meet with the House of Commons Regulatory Reform Committee (RRC) to air its concerns. Mims Davies, the new Minister for Sport, and other officials from the DCMS will speak at the meeting in Westminster. This means the draft Order will be subjected to “super-affirmative procedure”, whereby Ministers must consider proposals from both committees before they decide whether to proceed with the proposed changes.“The DPRRC has reported that it has concerns about this piece of legislation and welcomes the opportunity to join with the House of Commons Regulatory Reform Committee to subject it to the further scrutiny we believe it requires,” the committee’s chairman Lord Blencathra commented.Stephen McPartland MP, chair of the Regulatory Reform Committee, added: “The government’s proposed changes could alter how horseracing is funded and change the racing and gambling industries that underpin the sport. “Bringing together our committees adds to the quality of scrutiny, holding the government to account and ensuring legislation is effective, appropriate and works for all.” Both the DPRRC and RRC have responsibility for scrutinising Legislative Reform Orders, government proposals to amend primary legislation to remove or reduce burdens or promote better regulation. The committees will put the proposals to a number of tests – as set out in the Legislative and Regulatory Reform Act 2006 – after which they can establish whether secondary legislation is required.Neither the DPRRC nor RRC responded to requests from iGamingBuiness.com to comment on the story.Image: Greggy1900 Finance Parliamentary committees to scrutinise racing levy changes Email Address Government proposals include shifting more powers to the Gambling Commission Subscribe to the iGaming newslettercenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Topics: Finance Legal & compliance Sports betting 20th November 2018 | By contenteditorlast_img read more

Delaware igaming revenue hits new heights in May

first_img Email Address Subscribe to the iGaming newsletter Delaware igaming revenue hits new heights in May 13th June 2019 | By contenteditor Finance Revenue from Delaware’s regulated igaming market rose to $313,648 (£247,112/€278,007) in May,  the highest monthly total of the year to date, despite players spending less online. Topics: Finance Revenue from Delaware’s regulated igaming market rose to $313,648 (£247,112/€278,007) in May,  the highest monthly total of the year to date, despite players spending less online.The May figure is a significant improvement on April’s total of $263,183, which was incidentally the lowest monthly figure of 2019 so far, according to figures released by the Delaware Lottery.Players staked $11.7m online in May, the lowest monthly amount since $9.0m in February and down from $11.9m in May, while player winnings also fell month-on-month to $11.4m.Read the full story on iGB North America.Image: MPD01605 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Regions: US Delawarelast_img read more

Gambling Commission suspends Matchbook operating licence

first_img Subscribe to the iGaming newsletter Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The British Gambling Commission has taken the decision to temporarily suspend the operating licence of Triplebet – the parent company of exchange betting operator Matchbook – following a two-year review of the business.In a statement on the Matchbook site, the operator said that it would be “briefly closed” for all betting and casino activity in the UK. However, it added, it would continue to settle all open positions, and customers would have access to their account to withdraw funds.The Gambling Commission said it had taken the decision to suspend Matchbook’s pool betting, betting intermediary and remote casino licences under Section 116 of the Gambling Act 2005, which gives the regulator the power under certain conditions.These conditions, set out in Section 118 (2) of the Act, state that permission to operate may be suspended if the Commission believes a licensed activity is being carried out in a manner inconsistent with licensing objectives.It may also take action if it suspects a condition of an operator’s licence has been breached, or if the licensee has failed to cooperate with a review of its activities. Finally, a suspension may be implemented if the Commission believes the licensee is unsuitable to carry on operating in the market.Triplebet said the decision came following a review by the Gambling Commission that ran for two years.“Triplebet takes its responsibility as a betting and gaming operator very seriously, and accepts the GC panel’s findings following a two-year review,” a Triplebet spokesperson explained. “Triplebet believes that compliance goes to the heart of offering a betting exchange product, and through the introduction of new policies and the establishment of a Compliance Committee Triplebet has shown that it is committed to achieving any standard of compliance required of it.”The operator added that it believes its licence will be reinstated soon as it continues to implement higher compliance standards.“Last year Triplebet engaged a third-party compliance specialist in order to elevate its standard of compliance beyond what is required by the GC. Over the coming weeks these recommendations will be completed in full, and an independent audit will be carried out with a view to the license being reinstated.”iGamingBusiness.com understands that, after the Gambling Commission began its review of its practices, Triplebet engaged the services of performance improvement consultancy Alvarez and Marsal.Alvarez and Marsal provided a number of recommendations, which the operator has since implemented.However, Triplebet had not adopted all recommendations by the time of the licence hearing in late January, after deciding to implement them in phases. As a result, the licence was suspended.The recommendations that Alavarez and Marsal offered included new policies for the fair treatment of customers, the establishment of a compliance committee, the establishment of a new responsible gambling algorithm and progress towards Gamcare’s Safer Gambling Standard certification.Also included in the recommendations were anti-money-laundering and problem gambling training by GamCare for 30 key members of staff and for daily screening to recognise players that may be those subject to international sanctions and politically exposed people (PEPs). Triplebet did not disclose which recommendations put forward by the consultancy that were yet to be adopted, however.A source close to the matter said they expected the matter to be resolved within weeks. Email Address 18th February 2020 | By contenteditor Topics: Casino & games Legal & compliance Sports betting The British Gambling Commission has taken the decision to temporarily suspend the operating licence of Triplebet – the parent company of exchange betting operator Matchbook – following a two-year review of the business. Tags: Mobile Online Gambling Regions: UK & Ireland Gambling Commission suspends Matchbook operating licencelast_img read more