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Cairn

first_img Share Show Comments ▼ Cairn KCS-content CAIRN’S Indian assets are certainly attractive. The sites bought for a mere $7m (£4.5m) from Shell in 1997 now trade on the Mumbai exchange at a market value of $14bn. Cairn’s flagship oilfields in Rajasthan are predicted to churn out 90,000 barrels a day in 2011, rising to 125,000 barrels the year after.Vedanta is not the first resources group to set its eye on the diversifying properties of fuel exploration. BHP Billiton derives a decent chunk of its turnover from oil, and Brazil’s Vale is also looking to take stakes in energy assets. The aim is to flatten out revenues by hedging against high fuel costs during bull phases.But Vedanta shareholders have every reason to feel nervous. The company is halfway through a monster capex programme and, after the $1.3bn purchase of Anglo Zinc in May, would probably need to raise either fresh debt or equity to fund the deal. Although it has $7.2bn on its balance sheet, Vedanta’s existing commitments mean it is far from cash-rich.Until the market has clarity on price and funding, expect more pressure on Vedanta’s shares. whatsappcenter_img whatsapp Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo Sunday 15 August 2010 10:46 pm 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 WaterGayotlast_img read more

Giant predicts property pain

first_imgWednesday 1 September 2010 8:44 pm whatsapp KCS-content whatsapp Giant predicts property pain Sharecenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramUndoHero Wars Advertisement This game will keep you up all night! Hero Wars UndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoLiver Health1 Bite Of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndo Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com HOUSE prices could crash by up to 20 per cent as interest rates rise, the outgoing head of Britain’s largest retail stockbroker warned yesterday.Peter Hargreaves, who steps down as chief executive of Hargreaves Lansdown today, said residential real estate values would be squeezed by tightening monetary policy while commercial property would be hit by government spending cuts.“I can’t see much of a future for property with the lack of mortgage money and the fact these cuts are going to create a glut of commercial space as the public sector vacates buildings,” Hargreaves told City A.M. “House prices need to be 20 per cent lower. The only reason they’ve held up is interest rates are so low – when rates rise my gut feeling is a lot of people will chuck their keys away.”His remarks come amid growing fears of a second downturn in the housing market. Data from the Bank of England (BoE) this week showed mortgage lending fell to a four-month low in July. Economists expect the BoE to gradually raise its base rate from 0.5 per cent to around two per cent by the end of next year.However, Hargreaves said his greatest worry was the coalition shirking from the deep spending cuts outlined in June’s emergency Budget.Despite the bleak outlook, Hargreaves Lansdown raised its full-year profit before tax 18 per cent to £86.3m. Revenues rose 20 per cent to £159m as clients chased inflation-beating returns from their investments. The Bristol-based network paid a second special dividend of 1.7p, after March’s unexpected interim payment of 1.6p, both of which came on top of a regular payment of 8.58p.Hargreaves is replaced at the top by Ian Gorham, who joined in 2009 from Grant Thornton’s financial team. Tags: NULLlast_img read more

Tesco wins ad battle v Asda

first_img Tags: NULL KCS-content Share Tesco wins ad battle v Asda whatsapp Show Comments ▼ Supermarket giant Tesco has won a battle to get a campaign run by rival Asda banned after complaining to the ad watchdog that claims in the ad that it offers lower prices than rivals were misleading. Tesco lodged a complaint with the Advertising Standards Authority challenging three claims made by Asda as part of its ongoing “The big Asda Rollback” newspaper marketing campaign. Tesco argued that the claim “Lower prices on everything you buy, week in week out” was ambiguous as it was unclear whether Asda was referring just to its own price reductions or comparing them with competitors’ prices. Second, Tesco said that the “over 930 prices lowered” claim was untrue. And third, the supermarket chain said the claim “Lower prices than any other supermarket” was misleading because Asda only compared its prices with some supermarkets. The ASA banned the advertisement. center_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp Wednesday 22 September 2010 7:35 pm 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

HSBC faces shareholder criticism

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp whatsapp HSBC faces shareholder criticism INVESTORS in HSBC, still reeling from one of the most poorly-handled succession processes in the bank’s history, have highlighted pressing concerns over the appointment of finance director Douglas Flint as chairman.Flint’s appointment to steward the bank has sparked fears over the extent to which the former executive can be truly objective in the future, given that he has not come in to chair the bank from outside it. One shareholder said: “There’s an elephant in the room and that’s Flint. The chairman must be able to challenge decisions and hold the board to account, especially at difficult times, and it’s hard to see how Flint can do that having worked so closely in the past with Stuart Gulliver.”Gulliver, HSBC’s head of investment banking, replaces Michael Geoghegan as chief executive at the end of the year. Though he and Flint are widely respected in the City, with a combined 45 years of HSBC experience behind them, investors have also voiced discontent over the way HSBC’s board, led by senior independent non-executive Sir Simon Robertson, handled the appointments.It now looks as if the former Goldman Sachs veteran John Thornton will also be leaving the bank after missing out on the chairman’s role. Thornton would be missed for his experience in south- east Asia in particular. KCS-content Sunday 26 September 2010 11:09 pm Tags: NULL Show Comments ▼ Share last_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img KCS-content whatsapp Show Comments ▼ 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 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times BlackRockIan Winship has moved over from Brevan Howard to join BlackRock’s sterling fundamental fixed income team as a senior portfolio manager.Winship has 21 years of experience in the investment industry, including an 11-year stint at Aberdeen Asset Management as head of global rates and his most recent position at Brevan Howard as head of its absolute return product.KPMGThe accountancy giant has appointed Mark Britnell as its new global head of healthcare, a growing area in which the firm plans to appoint up to 15 new partners in the next year.Britnell joined KPMG last year from the Department of Health, where he was previously director general for commissioning and system management. He also previously sat on the NHS management board.Crossbridge CapitalThe investment firm, focused on high net worth individuals and families, has hired Serkan Gur and Atilla Uygun from Bank of America Merrill Lynch to spearhead its push into Turkey.Gur joined BoA Merrill Lynch in 2008 from BNP Paribas’ subsidiary in Turkey, where he was head of the FX and derivatives desk. Uygun’s career includes stints at Garanti Bank in Turkey and Amsterdam and a role as managing director of Cappadocia Investments.Baker TillyTony Wright has been promoted to partner in the professional services group’s restructuring and recovery team.Wright specialises in restructuring and turnaround work, with a focus on the professional practices, property and leisure sectors. Sharecenter_img whatsapp CITY MOVES | WHO’S SWITCHING JOBS Thursday 14 October 2010 8:56 pm Tags: NULLlast_img read more

Dudley: Fed has no “magic wand”

first_img The US Federal Reserve cannot “wave a magic wand” to fix the economy overnight, but it can provide “essential” support, a top Fed policymaker.Indeed, support will likely be warranted unless economic conditions improve, William Dudley, president of the New York Fed and a permanent voter on the Fed’s policy-setting panel, said in a speech at Cornell University.His comments underline market expectations that the Fed will buy more long-term assets at its next policy-setting meeting on 2-3 November to try to revive the economic recovery.The US central bank cut interest rates to near zero and bought $1.7 trillion in mortgage-related and Treasury debt to try to boost the economy during the global financial crisis.However, a Fed colleague known for steady opposition to easy monetary polices said further easing would be a “dangerous gamble” that could set in motion another wrenching boom and bust cycle.“There are real risks to quantitative easing,” Kansas City Federal Reserve Bank President Thomas Hoenig said in Lawrence, Kansas, referring to extensive asset purchases by the Fed to push borrowing costs lower even though short-term rates are near zero.Hoenig acknowledged he held a minority view on the Fed. He has used his voting status this year to dissent six times against Fed policies aimed at supporting the recovery.Dudley, who has been among Fed officials making the case for monetary easing, said the road to full recovery is likely to be “long and bumpy.” Momentum is slowing, he said.“The Fed cannot wave a magic wand and make the problems remaining from the preceding period of excess vanish immediately,” Dudley said. “But we can provide essential support for the needed adjustments.”Dudley repeated his view that high unemployment and low inflation were inconsistent with the Fed’s mandate to maintain price stability and maximum employment.“I said that I thought further Fed action was likely warranted unless the economic outlook were to evolve in a way that made me more confident we would see better outcomes for both employment and inflation before too long.”Hoenig, for his part, restated his belief that ultra low interest rates and a more than doubling of the Fed’s balance sheet from pre-crisis levels risks creating asset bubbles and sets the stage for 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 PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoStuff AnsweredSeniors Save on New MattressesStuff AnsweredUndoReporter CenterTommy Lee Jones Is Now 75 Years Old, This Is Him NowReporter CenterUndoTip ParentsHe Watched Neighbor Expand to His Yard for Years, but He Finally Got His RevengeTip ParentsUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoUnPastedAvoid These Fashion Mistakes And You’ll Immediately Look YoungerUnPastedUndoComedyDeep Cave Discoveries That Left Scientists BaffledComedyUndo Dudley: Fed has no “magic wand” whatsapp John Dunne Share whatsapp Tuesday 26 October 2010 3:06 am Show Comments ▼ Tags: NULLlast_img read more

CITY VIEWS: IS STRIKING THE RIGHT ACTION FOR LONDON’S TRANSPORT UNIONS?

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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap CHRIS BRADSHAW | NORTHDOOR“I will be working from home I can’t be bothered with all the malarkey. They might have a legitimate cause but they are not hitting the right people. They should be sorting this out with the people they have the grievance with. ”VICTORIA JUST | ARTEMIS“Fortunately I usually get the overground in but I think it causes a lot of an inconvenience with people not turning up to work and businesses losing out on working hours. It’s a bit of a nightmare to be honest.”KESH SHARMA | MAGELLAN“I’m not a fan of the tube strikes because it stops everyone else working and getting into London. I can still get in so I’m very fortunate but a lot of my meetings get cancelled because people can’t get in. I just think the strikers have the ability to hold London to ransom. ” KCS-content Tuesday 2 November 2010 10:07 pm whatsapp Share Show Comments ▼ CITY VIEWS: IS STRIKING THE RIGHT ACTION FOR LONDON’S TRANSPORT UNIONS? Tags: NULLlast_img read more

Embarrassment grows further for Serco

first_img KCS-content Embarrassment grows further for Serco Share whatsapp Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndo 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.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comcenter_img Show Comments ▼ whatsapp Sunday 7 November 2010 8:52 pm Tags: NULL EMBARRASSMENT grew at government contractor Serco last night after it admitted two of its suppliers gave in to its bully-boy tactics.The firm received condemnation after a letter demanding a rebate from its suppliers was leaked to the press. It was shamed into issuing a grovelling apology and says the “relatively small” amount of money has been returned.It insisted that it had not attempted to mislead the government – its biggest client – after saying it would not make savings by cutting costs with suppliers. Serco also faced fresh criticism over the weekend when it emerged some smaller suppliers have been liable for an extra £500 charge in order get contracts.Its stock has dropped eight per cent since the letter was leaked.In August Serco posted a 21 per cent increase in half-year pre-tax profit and said government spending cuts would boost sales in areas where outsourcers would be hired to achieve savings.Serco, which runs Boris Johnson’s new cycle hire scheme, reported in August pre-tax profits for the first half to 30 June was £101.4m, against £83.4m last year. last_img read more

iPhone alarm causes new year headache for Apple

first_img ALARMS failed for a third day for thousands of iPhone users yesterday, despite assurances from manufacturer Apple that the device would fix itself. Non-recurring alarms on the smart phone suffered a New Year bug that prevented the wake-up calls from working. The makers of the smart phone assured users the phones would work from yesterday, yet problems persisted with many handsets on the bank holiday as employees began to return to work. The malfunction comes after a number of high-profile iPhone glitches for Apple, including another alarm failure when the clocks went back in November.More serious issues surrounding reception on its latest iPhone 4 heaped embarrassment on the firm. Apple was forced to accept that reception on the device dropped when held in a certain way – which proved particularly troublesome for left-handed users.The potential impact glitches can have on the firm was underlined when Apple’s market cap plummeted $6bn (£3.9bn) the day after a bad review in an influential US electronics magazine earlier this year. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Show Comments ▼ Tags: NULL whatsapp KCS-content center_img Monday 3 January 2011 11:02 pm 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 AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm iPhone alarm causes new year headache for Apple whatsapp Sharelast_img read more

Basel says bank bondholders must bear losses

first_img Tags: NULL whatsapp Read This Next’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 WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Show Comments ▼ BASEL bank regulators have laid out rules making clear that holders of hybrid bank debt will take losses if a lender becomes insolvent, rather than taxpayers.One of the biggest controversies of the financial crisis was how holders of subordinated bank capital debt escaped liability for bank failures even when public funds were being used to shore up faltering institutions.“The Basel Committee today issued minimum requirements to ensure that all classes of capital instruments fully absorb losses at the point of non-viability before taxpayers are exposed to loss,” the Bank for International Settlements said in a statement.The global banking watchdog’s rules were in line with last August’s draft proposal. The Committee will publish a keenly awaited draft later this year for dealing with a bank’s bonds when capital levels move below minimum requirements but the lender’s problems are not yet terminal.“Tier 2 capital instruments (mainly subordinated debt), and in some cases Tier 1 instruments, did not absorb losses incurred by certain … banks that would have failed had the public sector not provided support,” the committee said.Under the new rules, holders of the debt will have to agree to the bonds being written down or converted to equity if the bank is no longer commercially viable or needs public aid, the Basel Committee said in its statement.The Committee said that the rules would be triggered if authorities decided a bank needed a write-off without which it became non-viable, or if there was a decision to make a public sector injection of capital.Separately, the European Union is pushing through plans to have senior bondholders share in the pain if a bank lands in trouble, leading investors to shun such paper and driving up funding costs for banks. 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Thursday 13 January 2011 12:08 pmcenter_img Share Basel says bank bondholders must bear losses alison.lock whatsapplast_img read more