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WHAT THE OTHER PAPERS SAY THIS MORNING

first_img KCS-content WHAT THE OTHER PAPERS SAY THIS MORNING Share Monday 13 September 2010 8:59 pm Tags: NULL center_img Show Comments ▼ whatsapp whatsapp FINANCIAL TIMESCALLS FOR RYANAIR TO AXE BOSSRyanair’s Michael O’Leary has for years endured complaints from passengers about his famously no-frills Irish airline. Now a senior Ryanair pilot has taken the rare step of publicly challenging his boss after the outspoken chief executive said he was trying to convince authorities to let his aircraft fly with only one pilot. LEHMAN FEES TO PASS $2BNFees paid to lawyers and accountants for unwinding Lehman Brothers in the US and Europe are on track to surpass $2bn (£1.3bn) even after some of the legal services have been provided at discounted rates. The fees charged to Lehman’s US estate stood at $917m in July and should top $1bn this month. In London, expenses for unwinding the European arm, with legal costs, are estimated at almost $900m.SAUDI REVEALS LARGE GAS RESERVESSaudi Arabia has large reserves of unconventional gas that could help the kingdom to meet soaring domestic energy needs and leave more crude oil available for export, the head of its national oil company has said. Khalid al-Falih, chief executive of Saudi Aramco, the world’s biggest oil company, told the Financial Times that the kingdom could hold hundreds of trillions of cubic feet of unconventional resources such as shale gas, more than doubling its proved reserves of 280,000bn cubic feet.BOOST TO ALLOW PRISA TO FOCUS ON DIGITAL PUSHThe stabilisation of Prisa through a $900m equity injection should be sealed next month, transforming the world’s largest Spanish-language media group from a family owned company to one with Spanish and US listings.THE TIMESPENSION CHIEF’S PAY CUT TO AVOID FIGHT WITH TREASURYThe salary and working hours of the incoming chairman of the Pensions Regulator have been cut, in a move experts say is designed to head off a row over pay for public servants. The Pensions Regulator, created to police private sector occupational pensions, is advertising for a new chairman to replace David Norgrove, who was paid £110,000 a year for a three-day working week.ACCOUNTANTS COULD BE RISKING QUALITY TO CUT COSTSThe Big Four accountants could be risking the quality of listed company audits in a drive to cut costs, Paul George, director of auditing at the Financial Reporting Council, has told The Times. He is concerned firms may try to cut corners.The Daily TelegraphCHINA SAYS STOP WHINGEINGChina has told foreign companies to stop complaining about the difficulties of doing business on the mainland, and to cease being so “emotional”. “It is okay to complain from time to time,” said Liu Yajun, the head of the Foreign Investment department at the Chinese ministry of Commerce. “But you have to be practical and realistic. Some of the comments about China being closed to foreign business are exaggerated and hyperbolic.”BBC WORKERS TO STRIKE IN PENSIONS ROWThousands of BBC workers are to stage two 48-hour strikes in a row over pensions which threatens the corporation’s coverage of the Conservative Party conference and the Government’s comprehensive spending review, it was announced today.WALL STREET JOURNALLABCORP TO ACQUIRE GENZYMEGenzyme has agreed to sell its genetic-testing business to Laboratory Corp of America Holdings for $925m, enabling the troubled biotech to focus more on its core operations. Genzyme’s genetics business performs reproductive and cancer-related tests in the US. Genzyme is also looking to divest its diagnostics business, which sells tests and testing supplies, as well as a third division which sells pharmaceutical materials and technologies to other drug companies.FDA MULLS REMOVING WEIGHT-LOSS DRUG FROM US MARKET A federal advisory panel is being asked to help decide whether Abbott Laboratories’ weight-loss drug Meridia should stay on the market. Meridia has been the subject of an ongoing safety review. last_img read more

Phantom trades on metal market

first_img KCS-content Phantom trades on metal market whatsapp 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 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 Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo whatsappcenter_img American derivatives exchange operator CME Group accidentally placed dummy test orders on its active energy and metals markets on Monday afternoon. A spokesperson could not verify whether there had been any price impact from the test orders being placed on its live trading system. Tags: NULL Tuesday 14 September 2010 9:12 pm Show Comments ▼last_img read more

Real Good Food losses widen

first_img Real Good Food losses widen Share KCS-content whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI 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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Wednesday 22 September 2010 7:35 pm Show Comments ▼center_img whatsapp Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo Sugar and food ingredients group The Real Good Food Company saw half year losses widen due to lower sugar prices.Overall sales at the firm fell 11 per cent in the six months to 30 June to £90.73m, while pre-tax losses rose from £1.19m to £1.29m after exceptional charges of £189,000. Overheads were £319,000 more than 2009, linked to the group’s investment in the development of its bakery ingredients and bakery divisions. Chairman Pieter Totté said the group’s earnings before interest, tax, depreciation and amortisation (Ebitda) were in line with expectations at £580,00, down from £591,000 last year. The group comprises three divisions: the Napier Brown sugar business; Renshaw bakery ingredients arm; and Haydens Bakeries. Napier Brown made a £31,000 operating profit. last_img read more

M&A deals surge to 2008 levels

first_img M&A deals surge to 2008 levels Share KCS-content Monday 4 October 2010 8:54 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsappcenter_img whatsapp 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.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Show Comments ▼ WORLDWIDE merger and acquisition (M&A) activity surged 21 per cent in the last quarter showing the strongest growth since 2008, new data from Thomson Reuters showed yesterday.The third quarter of this year saw a total of $676.9bn (£427.2bn) worth of M&A deals, it said.The number of deals was up 3.8 per cent year-on-year with over 29,000 deals announced since the start of 2010. M&A activity for the nine months to the end of September is now valued at $1.75trn – also up 21 per cent on last year. Meanwhile, adviser fees on completed deals over the last three quarters jumped 38 per cent year-on-year to $19.8bn. Deal activity in the US accounted for 49 per cent of the worldwide fees collected by advisers, Reuters said. Europe, the Middle East and Asia (EMEA) accounted for 32 per cent and the Asia Pacific region and Japan contributed 14 per cent respectively. M&A activity in the US for the last three quarters of 2010 increased 21.9 per cent compared to the same period last year to $732bn, representing the first year-on-year increase since 2007.The largest deal in the last quarter was GDF Suez Energy’s acquisition of International Power for $25bn in August. Energy company mergers accounted for six of the largest US M&A deals this year, Reuters said. Tags: NULLlast_img read more

Flight taxes set to double

first_img KCS-content THE cost of air travel will jump by up to 55 per cent from Monday when the government increases air passenger duty.The tax will rise by a third to £60 per person for economy flights to the US, it emerged yesterday, while taxes on flights to Asia and Australia will increase by 55 per cent to £85. Business passengers travelling to Asia will see the tax on their tickets rise to £170 compared with £110 last year and £80 two years ago.Another new rule to be introduced from 1 November is that countries will be categorised into bands according to their capital city’s distance from the UK.The decision is likely to lead to anomalies with flights to large countries such as the US, where it will be possible to travel to Hawaii and pay less tax than on flights to the Caribbean, which is much closer to the UK. Thursday 28 October 2010 9:26 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Sharecenter_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapp Show Comments ▼ Tags: NULL Flight taxes set to double last_img read more

Compass sees UK decline as new markets fill gap

first_img whatsapp Monday 22 November 2010 6:01 am 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center whatsapp Share KCS-content center_img CATERING services giant Compass Group is expected to report a spluttering performance in the UK this week, with Australia and Brazil helping to shore up its figures.The company, which operates in 55 countries, is expected to show growth of around six per cent in its Rest of the World division, while dropping by one per cent in the UK and Ireland. Its annual results are expected on Wednesday. Across the rest of Europe growth is forecast to be flat, with total revenue across all markets expected to have grown by three per cent.Keith Bowman, analyst at Hargreaves Lansdown said: “Few surprises are expected. Any comments in relation to rising food commodity prices, a major group cost, would disappoint on the downside. “On the positive, continued healthy cash flow could allow for a bigger than expected rise in the dividend payment. Market consensus opinion currently denotes a strong hold.” Meanwhile electrical retailer Dixons will give a trading update on Friday, which should help to indicate the state of consumer confidence in the tough economic climate. Show Comments ▼ Compass sees UK decline as new markets fill gap 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 Tags: NULLlast_img read more

Japan’s unemployment creeps up

first_imgTuesday 30 November 2010 8:11 pm Japan’s unemployment creeps up 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 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 HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Show Comments ▼ Japanese unemployment was up slightly in October, it was announced yesterday. Unemployment rose to five per cent, the first rise in four months. The rise was narrowly higher than expected by economists. However, there was some positive data in the results, as the job-to-applicant ratio increased. And labour cash earnings grew by 0.6 per cent, compared to October 2009. And basic pay rose for the first time since April 2008, creeping up by 0.1 per cent. Meanwhile, industrial production fell by 1.8 per cent on September, after a government programme subsidising new car purchases came to an end. The programme’s expiry was expected to cause a bigger slump, so the figures were “actually good news,” said Julian Jessop of Capital Economics. KCS-content center_img whatsapp whatsapp Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULLlast_img read more

US home prices down for third consecutive month

first_img US home prices down for third consecutive month AMERICAN house prices dropped to even lower depths than expected in September, it was revealed yesterday.The Standard & Poor’s/Case-Shiller house price index showed that prices fell in 18 of the 20 cities surveyed.Compared to August the index fell by 0.8 per cent, in spite of August’s rate being revised down to a 0.48 per cent fall. Economists had only expected a 0.4 per cent decline for September. The index has dropped by 1.5 per cent since June, dropping for the third consecutive month.Yet September’s figures are up on the previous year, increasing by 0.59 per cent – yet this is the smallest increase since January, when a year on year fall was recorded.The worst falls were recorded in Minneapolis (2.21 per cent) and Cleveland (two per cent).The news came as consumer confidence figures for November surprisingly rose to a five month high, the index rising by over 4 points to 54.1. KCS-content whatsapp whatsapp Sharecenter_img Tags: NULL Tuesday 30 November 2010 8:13 pm Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerlast_img read more

Fat lady sings as Sky Songs plays last tune

first_imgTuesday 7 December 2010 8:54 pm BSKYB has closed its iTunes rival Sky Songs after it failed to attract enough subscribers.One industry source told City A.M. the service could have had fewer than 10,000 subscribers.Sky Songs offered users unlimited streaming, plus download-to-own tracks and albums from £6.49 a month. A Sky spokesman said: “Although we are extremely proud of the service we built and the experience it offers, we just didn’t see the consumer demand we’d hoped for.” whatsapp KCS-content Show Comments ▼ More From Our Partners A 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.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Share Fat lady sings as Sky Songs plays last tune whatsapp Tags: NULLlast_img read more

Portugal on the brink as fear returns

first_img Portugal on the brink as fear returns Share KCS-content whatsapp whatsapp PORTUGAL is scrambling to avoid being hit by the Eurozone debt crisis, amid mounting expectations of a third bailout for the currency region.Analysts yesterday said that only the European Central Bank’s special bond purchasing programme is standing between the country and a rescue. With Portugal facing its first sale of long-term debt tomorrow, figures show that the ECB intervened in debt markets to the tune of €113m (£94m) last week. Although this is down on its €1.12bn weekly intervention before Christmas, most observers think that Portugal is the main target of the action.The country’s growing debt crisis is following a now-familiar pattern, when the yield on its ten-year debt soared to a record during the euro’s lifetime. It spiked over 7.1 per cent yesterday, a level that most regard as unsustainable.IHS Global Insight’s Diego Iscaro said that tomorrow’s debt sale “is going to be a scene-setter”, with investors keeping a keen eye on the country’s rising costs.Portugal’s Eurozone neighbours are putting pressure on the country to seek a rescue to calm bond markets. Despite its growth last year markets are unconvinced. In a sign of market jitters, the euro sank to a four-month low against the dollar, dipping below €1.29 yesterday. If Lisbon does need a bailout, its cost is estimated to be similar to Ireland’s €85bn rescue, between €50bn and €100bn. At least half will come from European funds, taking another chunk out of the Eurozone’s €440bn bailout fund.Fears for Portugal grew as political gridlock in Belgium added to the Eurozone debt crisis with yields on ten-year Belgian debt surging to a seven-month high. The 4.25 per cent yield forced Belgium’s King Albert II to intervene asking the temporary government to draft a new tighter 2011 budget in an attempt to defuse fears of runaway deficits amid a political vacuum that has seen the country without a new government since its June elections. Show Comments ▼ Monday 10 January 2011 9:10 pm Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comlast_img read more