French World Cup glory costs China firm Sh903mn

first_imgAccording to Vatti’s latest figures, the Chinese firm has made refunds — either in cash or gift cards — of more than 62 million yuan.And the cost to Vatti of the success of “Les Bleus” does not stop there, with a portion of refunds still outstanding.The total payout over the marketing stunt will amount to nearly $12 million.Vatti, founded in 1992, promised before the World Cup to refund customers who bought their “Championship Package” of selected products if France lifted the trophy.Vatti stock dived as France made their way through the tournament, but the firm is publicly sanguine.“The amount to repay could be very significant, but it was included in our annual budget. It will not have huge consequences on the company,” Wang Zhaozhao, a Vatti representative, previously told the China Securities Journal.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000The total payout to customers who bought the ‘Championship Package’ of selected products will amount to nearly $12 million © AFP / Adrian DENNISSHANGHAI, China, Jul 30 – A Chinese kitchen appliance maker said Monday it has so far made refunds worth Sh903mn (9mn USD), fulfilling a costly pledge to reimburse customers if France won the World Cup.Vatti, one of the French team’s sponsors, is coughing up after Didier Deschamps’ side beat Croatia 4-2 in the final in Moscow a fortnight ago.last_img read more

admin

IDC secures €30m French credit line

first_img“This loan will also boost our export credit finance, which has proved to be a key stimulus for the South African economy.” South Africa’s Industrial Development Corporation has had further success in raising funds from foreign credit agencies, the latest being a €30-million (about R334.5-million) credit line from French-based Proparco. According to the IDC, the demand for lending had increased tremendously due to the global economic downturn, prompting the state-owned lender to source funding from the international market in recent months. Last month, it secured a US$50-million (about R422-million) loan from the China Construction Bank Johannesburg branch to recapitalise its export finance book, as well as €60-million (about R690.9-million) credit line from the European Investment Bank to finance viable projects by small and medium enterprises in the industrial, resources and services sectors. “The funds will benefit a wide range of South African businesses that need foreign currency to keep funding their activity,” she said. Proparco southern Africa regional representative Sophie le Roy explained that this fifth transaction with the IDC would meet a crucial need for hard currency in the country. 17 June 2009 SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material According to the IDC, the line of credit will be used to increase the state-owned lender’s capacity to lend, in line with their target of investing over R60-billion in the South African economy over the next five years. Alternative funding Proparco is a partially owned subsidiary of French development finance institution Agence Française de Developpement, and acts as a catalyst for private investment targeting economic growth and development in developing countries. Lending capacity “We have a strong working relationship with Proparco, which is demonstrated by the fact that the IDC is receiving its fifth credit facility from the institution,” IDC chief financial officer Gert Gouws said in a statement late last month.last_img read more

admin

How to File a Homeowner’s Claim: Part 2

first_imgBy Carol ChurchHomeowners should be sure file soon after the damage as there will be a time limit on the policy as to how long there is to file. When filing, ask how long it will be before an adjuster can come. Also ask what to do as far as repairs being made in the meantime and whether to obtain estimates for major repairs at this time.After the claim is filed, an insurance adjuster will visit the home to assess the damage. When he or she has completed his or her work, there will be more forms to fill out and submit. This is where lists and photo documentation will come in. Homeowners should be sure to keep a record of all phone calls and conversations during this process.If There Is a ProblemHaving serious damage to your home is a stressful situation, and few homeowners want to take the time and effort to go to bat against an insurance company. However, at times this may be well advised. Some may wish to consider hiring an independent adjuster to give a second opinion on the claim. This adjuster is paid by and works for the homeowner and helps ensure that he or she can get a full settlement. Insurance companies have dispute procedures that apply in this situation.Wait for PaymentOnce the homeowner and the insurance company have come to an agreement, a check will be issued. Laws in most states protect the homeowner from delays in payment.If the settlement is large, has been contentious, or there are any concerns, it may be wise to involve a lawyer before signing anything or accepting the payment.In some cases, the insurance company pays the mortgage lender, not the homeowner. This can result in delays and bank fees, but is done for the bank’s protection.Severe DisastersIf damage to the home was caused by a serious and wide-scale natural disaster such as a hurricane, tornado, or major flood, special circumstances may apply. Once a region has been officially declared a disaster area, numerous types of assistance go into effect. For instance, homeowners may be eligible for additional FEMA benefits that can help pay for damage not covered by insurance, or for a place to live while repairs are done. Special tax benefits may also apply. For more information, go online to www.DisasterAssistance.gov or call the toll-free FEMA Helpline at 800-621-3362 (FEMA).Special Circumstances for Military FamiliesWhat if belongings and possessions are damaged by a natural disaster or other problem while a family is in military housing? While some might assume that the military would reimburse for damages like these, this is not the case. It’s crucial to always have rental insurance when living in rented housing, just in case of catastrophic events like these. It’s typically far less expensive than homeowner’s insurance.Another important factor that’s important for service members to know about is vacancy clauses. Many homeowner insurance companies include a statement in their policies that they will not pay out for damages incurred to a home that has been left vacant for more than some certain specific period of time, in order to prevent having to insure vacant and abandoned properties.However, insurance companies do not typically wish to harm deploying service members and may well have a special endorsement available to military members in this case. If it’s likely a home will stay vacant more than 60 days, this is something to look into.  Many insurance companies also offer discounts to service members.Having serious damage to a home is never easy or simple, but insurance does offer protection. At times, the repaired home will even be superior to what existed before.ReferencesHill, T. (2017). How to Make the Most of Your Home Insurance Claim. Retrieved from https://smartasset.com/mortgage/how-to-make-the-most-of-your-home-insurance-claimInsurance Information Institute. (n.d.) How do I file a homeowner’s claim? Retrieved from http://www.iii.org/article/how-do-i-file-a-homeowners-claimLake, R. (2016). How to file a homeowner’s insurance claim. Retrieved from https://smartasset.com/mortgage/how-to-file-a-homeowners-insurance-claimOchalla, B. (2017). When not to file a homeowner’s insurance claim. Retrieved from  https://quotewizard.com/home-insurance/when-not-to-file-a-homeowners-insurance-claimProcter, B. Financial Recovery and Risk Management. Retrieved from http://extension.missouri.edu/publications/DisplayPrinterFriendlyPub.aspx?P=emw1022Waters, J. (2013). When not to file a home insurance claim  Retrieved from http://www.marketwatch.com/story/think-twice-before-filing-home-insurance-claims-2013-10-16last_img read more

admin

2004 NTL DRAW AVAILABLE

first_imgThe 2004 National Touch League draw for both Opens/20’s and Seniors can now be found by going to the Tournaments tab on the left side of the homepage. Go to the National Touch League page and look in the 2004 National Touch League page. This is a draft draw and can be subject to change prior to the National Touch League. Participants are reminded to check the web page for updates as the take place.last_img

admin

7 hours agoAustralian bank helps Crystal Palace collect Man Utd fee for Wan-Bissaka

first_imgAustralian bank helps Crystal Palace collect Man Utd fee for Wan-Bissakaby Ansser Sadiq7 hours agoSend to a friendShare the loveCrystal Palace have managed to land £22.5 million of the Aaron Wan-Bissaka transfer fee early thanks to a deal with Australian bank Macquarie.The Premier League side sold one of the instalments they are owed by Manchester United for the right back.Wan-Bissaka moved clubs in the summer, while the deal was structured based on payments over the course of the next few years.United were set to pay Palace the £22.5 million figure in the coming summer.The Evening Standard says Palace have the money early, which allows them to continue reinvesting it in the club.Chairman Steve Parish wants to improve the main stand at their Selhurst Park stadium, among other upgrades. TagsTransfersAbout the authorAnsser SadiqShare the loveHave your saylast_img read more

admin

QA Vancouver director Michelle Ouellet talks women in film

first_imgDavid Alpay and Sara Canning star in Prodigals, screening at this year’s Vancouver International Women in Film Festival. For 0301 qanda prodigals [PNG Merlin Archive] Facebook LEAVE A REPLY Cancel replyLog in to leave a comment Twitter Advertisement Tickets and info: $9-$20, womeninfilm.caNow in its 13th year, the Vancouver International Women in Film Festival celebrates women’s stories on film as well as women behind the camera.Among the films screening at this year’s festival is Prodigals. The third feature from Toronto-raised, Vancouver-based director Michelle Ouellet, it tells the story of Wesley (David Alpay) and his return to his hometown of Sault Ste Marie. There, he tries to defend his old friend Benny, who is charged with murder.Postmedia News talked to Ouellet about her new film. Director Michelle Ouellet and actor Sara Canning on the set of Prodigals.Q: The name of your production company is Sociable Films. But at least one of the characters, Benny, is very anti-social, isn’t he?A: He and Wesley are such foils for one another. Thematically, what was interesting about the script for me is the idea of second chances — and the idea that these two guys’ lives mirror each other, but things have turned out differently for both of them based on circumstances.Q: The screenplay is from a play. How did you come across the script?A: I have to full credit to Sabrina Evertt, our executive producer. She is the one who had worked with Sean (Minogue, the playwright) and had developed the play from an outline. Her company Twenty-Something Theatre (now Firepot Performance) produced the play in Vancouver in 2011, and she supported the film adaptation. So she’s the one who brought it to stage and the screen.Q: How much was filmed in Vancouver?center_img Now in its 13th year, the Vancouver International Women in Film Festival celebrates women’s stories on film as well as women behind the camera.Vancouver International Women in Film FestivalWhen:March 6-11Where:VIFF Vancity Theatre Advertisement Advertisement Login/Register With:last_img read more

admin

Just For Laughs production company promotes COO Bruce Hills to president

first_imgMONTREAL – Just For Laughs Group has appointed a familiar face to oversee operations going forward, tapping a longtime executive as president on Monday.Bruce Hills, who had served as chief operating officer for the Montreal-based company for the past 19 years, enters the new job immediately.Hills, a 32-year veteran of the festival, was instrumental in establishing and growing Just For Laughs Montreal, known as Juste pour rire in French.“I just feel like the timing is just right for all the great things we want to do,” Hills said in an interview with The Canadian Press.The appointment comes as the production company’s ownership situation became clearer last week with Bell Media announcing it had joined a group of investors in buying the company.The BCE Inc. subsidiary completed an agreement with Groupe CH to join talent agency ICM Partners and comedian Howie Mandel in the acquisition of Groupe Juste pour rire.Mandel led an investor group that acquired the festival in March after it was put up for sale following allegations of sexual assault and sexual harassment against co-founder Gilbert Rozon, who was also a majority stakeholder.The company went through turbulent times while the transaction involving the Quebec entertainment giant’s shares was being settled.“It’s been a real challenge, no question,” Hills said of the past several months. But the strategy employed by staff was simple: have faith and focus on creating events.Hills will oversee the English side of the business with a French content boss yet to be named. He sees the new ownership group as providing a base of support it hasn’t had previously.“I really believe that we can expand our media business significantly,” he said. “That’s going to be a huge priority — in the U.S. primarily, but internationally as well.”“In addition to that, we see no reason why there shouldn’t be more festivals elsewhere when they’re strategically aligned and show potential to be profitable and produce a first-class comedy event.”Hills said that it’s not just a matter of duplicating the hugely popular Montreal festival, which runs July 11 to 29.The company also runs events in Toronto, Vancouver and Sydney, Australia. Hills said it’s about coming up with ideas that make sense in other prospective markets.“We never want to replicate Montreal, we want to do something unique for the market,” Hills said. “Montreal is the heart-and-soul, it basically feeds everything else, so that’s our focus.”Going forward, there will also be a big focus on digital content and fully exploiting filmed assets in Montreal as well as relationships with talent.Hills said they will also look to grow the scripted and non-scripted parts of the business.“We’re primarily known as a stand-up production company and candid camera production company and we believe there is significant growth outside of that,” Hills said.Companies in this story: (TSX:BCE)last_img read more

admin

Trade optimism drives Toronto market to largest daily gain since midJuly

first_imgTORONTO – Canada’s main stock market posted its largest daily gain in more than two months on Tuesday as trade optimism produced a relief rally.There is anecdotal evidence from the United States and Canada that they are closer to some sort of deal even though there is no concrete evidence, said Sid Mokhtari with CIBC Capital Markets.“The market does have some element of optimism for maybe the U.S. is going to have cooler heads and be able to come to some sort of resolution with Canada in particular, some sort of a NAFTA deal,” he said in an interview.Foreign Affairs Minister Chrystia Freeland travelled to Washington to resume efforts to forge a new version of the continental trade pact.Mokhtari figures the TSX could gain three to five per cent if a deal is reached.The two sides are approaching a deadline this week to have a deal signed by the Mexican president before he leaves office. There are some signals from Canada, however, that a deal may take longer, which prompted a congressional ally of U.S. President Donald Trump to suggest that Canada was dragging out the talks for its own political purposes.The S&P/TSX composite index closed up 113.73 points to 16,196.04, the largest daily gain since July 12. The index reached a high of 16,198.67 on 228.9 million shares traded.All sectors but consumer discretionary, utilities and real estate closed up. Health care led, rising 6.1 per cent, primarily due to gains from cannabis company stocks including Aurora Cannabis Inc., Aphria Inc. and Canopy Growth Corp.The important energy sector rose 2.6 per cent as the November crude contract was up 91 cents to US$69.59 per barrel, its highest level in two weeks.American stock markets also rose.In New York, the Dow Jones industrial average was up 184.84 points to 26,246.96. The S&P 500 index was up 15.51 points to 2,904.31, while the Nasdaq composite was up 60.35 points at 7,956.11.Investors appeared unfazed by China’s move to increase tariffs on US$60 billion worth of U.S. goods, in retaliation to the U.S. saying it will impose tariffs on an additional US$200 billion of Chinese goods starting next Monday.“We’re getting a lot of zigzagging behaviour between offence and defence,” said Mokharti. “Today is more of an offence tone for as yesterday and last week we did have more of a defensive tone.”Semi-conductor companies have historically been a good leading indicator for weakness in the technology sector, which is a very large part of the U.S. benchmark index. As it comes under pressure, the S&P 500 may feel it too, he added.The Canadian dollar traded at an average of 76.97 cents US compared with an average of 76.81 cents US on Monday.The October natural gas contract was up 11.9 cents at US$2.93 per mmBTU.The December gold contract was down US$2.90 at US$1,202.90 an ounce and the December copper contract was up 7.95 cents at US$2.73 a pound.last_img read more

admin

Chris Park leaving job as an MLB EVP for esports company

first_imgNEW YORK — Chris Park is leaving his job as an executive vice-president in the baseball commissioner’s office at the end of the month to become chief executive officer of Gen.G, an e-sports company.Park, 39, was a vice-president in Major League Baseball’s labour relations department, left and returned in March 2015 as senior vice-president of growth and strategy. He was promoted a month later to senior vice-president of growth, strategy and international, then promoted again last December to executive vice-president of product and marketing.Gen.G is the company formerly known as KSV Esports, which rebranded this year.___More AP baseball coverage: https://apnews.com/MLB and https://twitter.com/AP_SportsThe Associated Presslast_img

admin

Modi warns first time voters against khichdi government

first_imgAzamgarh (Uttar Pradesh): Prime Minister Narendra Modi on Thursday addressed first time voters and said they must beware of ‘khichdi’ (read coalition) governments that bring anarchy and instability. The Prime Minister was addressing an election rally in Azamgarh that has over 40,000 first time voters. He said: “Twenty years ago, the United Front government brought instability and mid-term elections. The UPA governments made India hang its head in shame with a slew of scams. Such governments cannot face challenges.” Also Read – India gets first tranche of Swiss account details under automatic exchange framework The Prime Minister said that parties like the SP-BSP and Congress had promoted vote bank politics which had put the nation in trouble. “In the past five years, Azamgarh has not been blamed for any terror link. We have checked terror activities that have now been restricted to Kashmir and a few border areas. The ‘mahamilavati’ governments allowed Pakistan to dominate over us but the BJP government succeeded in getting global support against terrorist Masood Azhar,” he pointed out. Also Read – Trio win Nobel Medicine Prize for work on cells, oxygen The Prime Minister said that his government had kept national interests above self interests. “Yeh naya Hindustan hai- yeh ghar mein ghus kar marega,” he said. The Prime Minister said that his government had not differentiated between castes while drawing up various welfare schemes and electricity was not given on caste basis in his regime. Referring to the Azamgarh BJP candidate Dinesh Lal Yadav Nirahua, the Prime Minister said that Bhojpuri cinema had attained global recognition due to artists like Nirahua, Ravi Kishan and Manoj Tiwari. The Prime Minister concluded his speech with ‘Abki baar’ and the people responded with ‘Modi sarkar’.last_img read more

admin