Bundesbank: CDS did not cause crisis

first_img KCS-content Show Comments ▼ Monday 20 December 2010 8:12 pm Tags: NULL GERMANY’S central bank said yesterday that speculative trading in sovereign credit default swaps (CDS) was not to blame for the Eurozone debt crisis. In its December report, the Bundesbank said that a spike in the cost of insuring sovereign debt using CDS was not down to excessive speculation by traders. Instead, movements in CDS prices for peripheral Eurozone economies – like Greece, Spain and Ireland – was due to specific problems in those countries, the Bundesbank said. It added that the CDS market had responded well to important information about the financial strength of these countries, such as credit rating agency downgrades. The Bundesbank also found that suggestions speculative traders pushed up the price of CDS to make a quick profit was “not confirmed by empirical data”.The report backs up a similar investigation by the European Commission, which also found that trading in sovereign CDS was not to blame for a spike in borrowing costs for the likes of Greece. The report, published earlier this month, found “no conclusive evidence” that developments in the CDS market affected the cost of state borrowing.It praised the “efficiency of CDS markets in sovereign debt” and said they had little influence on bond yields even where governments faced funding difficulties.“CDS spreads for the more troubled countries seem to be low relative to the corresponding bond yield spreads, which implies that CDS spreads can hardly be considered to cause high bond yields for these countries,” said the report, which was commissioned by European finance ministers in March. The findings come hot on the heels of tough new European Commission proposals published in September, which aim to tighten rules on short selling and restrict trading of CDS on sovereign debt, where investors effectively take a short position on EU government bonds.But Syed Kamall, a UK member of the European Parliament, has warned the crackdown could actually lead to higher sovereign borrowing costs. whatsappcenter_img Share Bundesbank: CDS did not cause crisis whatsapplast_img read more

admin

United Bank for Africa PLC (UBA.ng) HY2014 Interim Report

first_imgUnited Bank for Africa PLC (UBA.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2014 interim results for the half year.For more information about United Bank for Africa PLC (UBA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the United Bank for Africa PLC (UBA.ng) company page on AfricanFinancials.Document: United Bank for Africa PLC (UBA.ng)  2014 interim results for the half year.Company ProfileUnited Bank of Africa Plc is a financial services institution in Nigeria offering banking products and services to the personal, commercial and corporate sectors. The company provides a full-service product offering ranging from transactional accounts, overdrafts and mortgage finance to domiciliary deposits, treasury services, asset management services, bonds, money market deposits and risk management solutions. United Bank of Africa Plc supports the agricultural sector through an agricultural credit support scheme which includes agro processing, an outgrowers scheme, equipment and mechanisation scheme and a tree crops replacement scheme. Founded in 1948, the company  now has an extensive network of some 1 000 branches in the major towns and cities of Nigeria. Its head office is in Lagos, Nigeria. United Bank of Africa Plc is listed on the Nigerian Stock Exchangelast_img read more

admin

New Mauritius Hotels Limited (NMHL.mu) 2019 Presentation

first_imgNew Mauritius Hotels Limited (NMHL.mu) listed on the Stock Exchange of Mauritius under the Tourism sector has released it’s 2019 presentation For more information about New Mauritius Hotels Limited (NMHL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the New Mauritius Hotels Limited (NMHL.mu) company page on AfricanFinancials.Document: New Mauritius Hotels Limited (NMHL.mu)  2019 presentation Company ProfileNew Mauritius Hotels Limited indulges in the hospitality sector primarily, where together with the company’s subsidiaries, it operates through four segments; hotel operations, tour operating, airline and inland catering, and property development. Respectively, the hotel operations segment covers operations in Mauritius, Seychelles, and Morocco. The tour operations segment involves activities in Mauritius, France, the United Kingdom, Italia, and South Africa. The flight and inland catering segment caters to operations in Mauritius. The property development segment refers to activities in Morocco and to be started in Mauritius. New Mauritius Hotels Limited is listed on the Stock Exchange of Mauritius.last_img read more

admin

La cañada House / Felipe Gonzalez Arzac arquitecto

first_imgArchDaily Projects Argentina “COPY” CopyAbout this officeFelipe Gonzalez Arzac arquitectoOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesCity BellArgentinaPublished on December 31, 2019Cite: “La cañada House / Felipe Gonzalez Arzac arquitecto” [Casa la cañada / Felipe Gonzalez Arzac arquitecto] 31 Dec 2019. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Architects: Felipe Gonzalez Arzac arquitecto Area Area of this architecture project CopyHouses•City Bell, Argentina 2018 Houses Save this picture!Cortesía de Felipe Gonzalez Arzac arquitecto+ 25Curated by Clara Ott Share Year:  Manufacturers Brands with products used in this architecture project “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/930942/casa-la-canada-felipe-gonzalez-arzac-arquitecto Clipboard Manufacturers: Aluar, Anacleto, Decorart, Lograsso, Marmolería Los Hornos, San RafaelDesign Team:Florencia BarredaStructural Engineering:Nicolas LuchessiCity:City BellCountry:ArgentinaMore SpecsLess SpecsSave this picture!Cortesía de Felipe Gonzalez Arzac arquitectoText description provided by the architects. This house located on the outskirts of the town center, within a neighborhood in the pro-cess of transformation and development, is materialized through simple lines, pure forms and a functional layout that conceptualizes a modern imprint. On a large lot, in a quiet neighborhood surrounded by green, this detached house was pro-jected. Developed on one floor, one of the premises that guided the work of the Architect Felipe Gonzpález Arzac and that is constituted as a feature of his works, is the choice of noble materials for its construction; Concrete, wood, metal and glass predominate.Save this picture!Cortesía de Felipe Gonzalez Arzac arquitectoSave this picture!PlanSave this picture!Cortesía de Felipe Gonzalez Arzac arquitectoThe first thing we see before entering, on the street, is a large concrete wall, accompanied by an imposing rusty metal gate. Then, from the same mixture of the two materials, a low wall and a series of sticks that let the house appear from behind, provide privacy to the house from the street. Then, a slab that crosses transversely, houses the cars and connects them through a ser-vice entrance with the house. As for its implantation and morphology, a large rectangular block that occupies the lot in its entirety leaving two statutory retreats and perforated by three courtyards, assemble the house. The entrance door, made of petiribí wood, marks the work with its imprint. Next, a hall with a reception cabinet, where the concrete accompanies the ceiling. The constant, which will give continuity to the projected spaces, are the cement smoothing floors that were chosen throughout the lodging. As for its spatial distribution, the functionality of the environments was privileged. In this way, two large sectors were raised; a public one, where the living room, study or games room are located, separated with a small internal patio of the kitchen, which is the space in charge of articulating this sector with the private part of the house.Save this picture!Cortesía de Felipe Gonzalez Arzac arquitectoSave this picture!Cortesía de Felipe Gonzalez Arzac arquitectoTowards the front of this other private sector, the services are located: laundry, toilette, and two bathrooms. There, a large internal courtyard provides light and a place of expansion and recreation for this more intimate sector of the house, to carry out more private activities, and designed to be completely separated from the public spaces of the house . Three bedrooms are housed in the private part of the house, two of them the same and mirrored, and a last bedroom with dressing room and bathroom. To the private sector and kitchen, a large gallery with concrete ceiling and metal-coated grill is added, which expands towards the bottom and absorbs the sunset sun. Finally, on the outside there is a concrete house seen on all sides, while to counteract this proposal, inside the ceilings of non-circulation environments, they were made with white plaster to provide more clarity to each space. A house that dialogues its conditions of implementation, noble materials, functional require-ments, a modern and minimalist language, creativity and identity of the Felipe González Arzac Studio.Save this picture!Cortesía de Felipe Gonzalez Arzac arquitectoProject gallerySee allShow lessBreaking Boundaries: Revolutionary Design in Paraguay’s Rural HomesArchitecture NewsTechnicolor Headquarters Office Building / Franklin Azzi Architecture + CALQSelected Projects Share Area:  320 m² Year Completion year of this architecture project La cañada House / Felipe Gonzalez Arzac arquitecto ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/930942/casa-la-canada-felipe-gonzalez-arzac-arquitecto Clipboard La cañada House / Felipe Gonzalez Arzac arquitectoSave this projectSaveLa cañada House / Felipe Gonzalez Arzac arquitectolast_img read more

admin

Oxfam bookshop cries Woolf

About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Oxfam bookshop cries Woolf  18 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 4 December 2000 | News Volunteers at an Oxfam shop in Newcastle upon Tyne spotted first edtion of Virginia Woolf’s second novel Monday or Tuesday. It could be worth up to £,1500. read more

admin

Mayfest to raise funds for local charities

first_img Linkedin Madeline Hammhttps://www.tcu360.com/author/madeline-hamm/ Facebook Officers encourage proactive measures during holiday season Grains to grocery: One bread maker brings together farmers and artisans at locally-sourced store Madeline Hamm Meals on Wheels seeks volunteers Twitter Community reaches out to homeless Madeline Hammhttps://www.tcu360.com/author/madeline-hamm/ IMAGE: From the TCU Diamond to Lupton Stadium Linkedin ReddIt Madeline Hammhttps://www.tcu360.com/author/madeline-hamm/ Madeline Hammhttps://www.tcu360.com/author/madeline-hamm/ Facebook Twitter printThe iconic Mayfest festival provides more than just a family activity.The event brings food, music, arts, crafts, games and rides to the roughly 225,000 people who visit the four-day, family-friendly festival from April 30 to May 3. The event also brings in major support for local charities.Mayfest raises money for the Junior League of Fort Worth, Streams and Valleys and the Fort Worth Parks and Community Services.“We truly are a non-profit organization, and we work hard to give back to the community,” said Elizabeth Basham, the executive director of Mayfest.The Junior League of Fort Worth received approximately $56,000 from last year’s festival. This year, they will put $40,000 toward Junior M.I.N.T.S. and Kids in the Kitchen.The M.I.N.T.S. acronym stands for Mentoring, Inspiring, Nurturing, Tutoring and Supporting. The Junior League provides mentoring, reading buddies and a clothing closet for the students at four FWISD campuses.Kids in the Kitchen is a health education event for children and their families to learn how to eat healthier, exercise more and stay hydrated through fun activities.“How wonderful that Mayfest very strategically utilizes their proceeds to make lives better for the children and families of North Texas through this type of support,” said Paige Pate, the president of the Junior League. “The Junior League shares such a rich history with Mayfest, and we are very proud to continue supporting their mission at the festival each year.”Mayfest also funds areas of Trinity Park. This year a large portion will go back to new shelters, lighting throughout the park and continuing the Share the Trail campaign.“We need to celebrate what Fort Worth has and that is what Mayfest is all about while giving back to the community,” Basham said.However, not all aspects of the festival are positive.With 200,000 people expected to be in the Trinity Park area over the course of four days, traffic and parking is expected to be an issue at times, said Emily Allison, the marketing manager of Mayfest.Along with its 2,000 volunteers, 40 police officers will be there to regulate traffic and ensure safety for people on the 33 acres of the festival grounds.“I don’t think it will be any more of a problem than it has been in the past,” Allison said.“We work very closely with NTAA and TxDOT to alleviate the areas that might cause problems, but we are working diligently to ensure that all lanes are open on University and I-30,” Basham said.Mayfest officials suggest checking the weather beforehand and wearing comfortable shoes.Visit www.mayfest.org for the most up-to-date information relating to weather, traffic concerns, parking, attractions and entertainment. + posts ReddIt Previous articleSpring rains delay water restrictionsNext articlePanthers face off against district leading Warriors Madeline Hamm RELATED ARTICLESMORE FROM AUTHOR Abortion access threatened as restrictive bills make their way through Texas Legislature Fort Worth set to elect first new mayor in 10 years Saturdaylast_img read more

admin

Limerick Post | 15 Minute Home Workout

first_imgLifestyleHealthy LivingLimerickNewsShowLimerick Post | 15 Minute Home WorkoutBy Meghann Scully – March 23, 2020 365 “Urgent action” needed to tackle youths gathering and flouting public health guidelines at scenic Limerick walkway RELATED ARTICLESMORE FROM AUTHOR TAGSCoronaviruscovid19fitfitnesshealthyhome workoutKeeping Limerick PostedlimerickLimerick PostOB Health Numbers of Limerick hospital group staff sidelined by COVID-19 reduces by 162 in past 7 days Advertisement Government announces phased easing of public health restrictions Twitter HSE engaging with Tipperary school over suspected outbreak of COVID-19 Health Minister confirms Radisson Blue Hotel as COVID-19 vaccination centre center_img Facebook WhatsApp Limerick health chiefs urge public not to withhold information on virus contacts, as they investigate “complex and serious outbreaks” across midwest region Linkedin Print Previous articleComfort Words for people living in nursing homesNext articleLimerick’s Best Hurling Game of the 21st Century: Quarter Final #1 Meghann Scully Email We have teamed up wth Obhealth to bring you a 15 minute at home workoutAll you need is a brush pole, chair and a bookSign up for the weekly Limerick Post newsletter Sign Up #KeepingLimerickPostedlast_img read more

admin

Top 10 States for Foreclosures in Q2

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Kendall Baer Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, TX. Born and raised in Texas, Kendall now works as the online editor for DS News. Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, News The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Top 10 States for Foreclosures in Q2 Sign up for DS News Daily center_img Previous: No Ripples for Underwater Rates in Q2 Next: First Mortgages Spike Credit Unions to Record High August 11, 2016 1,533 Views Home / Daily Dose / Top 10 States for Foreclosures in Q2 Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago CoreLogic credit.com foreclosure rate Realty Trac top 10 top 10 states 2016-08-11 Kendall Baer Tagged with: CoreLogic credit.com foreclosure rate Realty Trac top 10 top 10 states Share Save Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago After the release of CoreLogic’s Foreclosure Report and RealtyTrac’s Q2 2016 U.S. Home Equity and Underwater Report, the new data between the two showed that 11.9 percent of all U.S. properties that had a mortgage at the end of the second quarter of this year were determined to be in foreclosure, a percentage decrease from the 12 percent reported last quarter as well as the decrease from the 13.3 percent from Q2 in the year prior.“Rising home prices are lifting all home equity boats: bailing out seriously underwater homeowners and enriching homeowners who already have positive equity,” Darin Blomquist, senior vice president at ATTOM Data Solutions said in a press release. “While that national trend is consistent in most markets across the country, there are still some local markets and sub-markets that have been largely left behind by the housing recovery and which still have a high percentage of underwater homeowners.”Of these foreclosures, the ten states shown to have the most foreclosures consisted of Massachusetts, Ohio, Connecticut, South Carolina, Illinois, Florida, Nevada, Maryland, New Jersey, and Delaware. Here is a break-down of what the foreclosure rates look like in these states for Q2 according to a report from Credit.com.Massachusetts:Massachusetts sits in the number ten spot with a foreclosure rate of 1 in every 1,332 housing units. This is an increase from June 2016 of 20.11 percent and an increase from July 2015 of 21.42 percent.Ohio:Ohio ranks number nine on the list with a foreclosure rate of 1 in every 1,269 housing units. This is a decrease from June 2016 of 22.05 percent and a decrease from July 2015 of 26.39 percent.Connecticut:Connecticut ranks number eight on the list with a foreclosure rate of 1 in every 1,213 housing units. This is an increase from June 2016 of 11.32 percent as well as a similar increase from July 2015 of 11.83 percent.South Carolina:South Carolina sits in the number seven spot with a foreclosure rate of 1 in every 1,162 housing units. This is a decrease from June 2016 of 6.86 percent as well as decrease from July 2015 of 19.97 percent.Illinois:The number six spot on the list falls with Illinois holding a foreclosure rate of 1 in every 1,125 housing units. Illinois saw a decrease from June 2016 of 21.51 percent and a decrease from July 2015 of 35.05 percent.Florida:Florida finds its spot on the list in the middle with number five because of a foreclosure rate of 1 in every 808 housing units. Florida shows a decrease from June 2016 of 4.92 percent and an even larger decrease from July 2015 of 49.26 percent.Nevada:The number four spot goes to Nevada with a foreclosure rate rate of 1 in every 805 housing units. This state shows an increase from June 2016 of 15.35 percent despite a decrease from July 2015 of 26.57 percent.Maryland:For Maryland, the number three spot seems appropriate with a foreclosure rate of 1 in every 772 housing units. This state sees a decrease though from June 2016 of 16.11 percent as well as a decrease from July 2015 of 33.25 percent.New Jersey:This state ranks number two on the list with a foreclosure rate of 1 in every 610 housing units. This is a decrease from June 2016 of 16.3 percent and a decrease from July 2015 of 14.54 percent.Delaware:The number one spot is taken by Delaware with a foreclosure rate of 1 in every 570 housing units. This is an increase from June 2016 of 41.37 percent and an increase from July 2015 of 101.78 percent.last_img read more

admin

Suspect in shooting of Virginia police officer at large, considered ‘armed and dangerous’

first_imgiStock/Thinkstock(BLUEFIELD, Virginia) — A manhunt is underway for a 25-year-old man who is suspected of shooting a Virginia police officer during a traffic stop, authorities said.Donquale Maurice Gray, who is believed to be armed and dangerous, allegedly shot the officer from the Bluefield Virginia Police Department just before midnight Saturday, according to Virginia State Police.Gray was in the passenger seat of a 2008 Toyota Yaris when the vehicle was pulled over at 11:45 p.m. on Route 460, near Exit 3, near the town limits of Bluefield, police said.The officer, who has not been identified, stopped the vehicle because of an equipment violation, police said.That’s when Gray allegedly opened fire on the officer, who was standing on the driver’s side of the vehicle, police said.The wounded officer and a colleague who responded to the initial traffic stop shot back at the vehicle, police said.The driver of the Toyota, who has not been identified, got out of the vehicle and surrendered, police said.But Gray allegedly hopped in the driver’s seat and bolted, police said.The vehicle, with the license plate 53U 974, has since been recovered, police said.It is now “believed Gray is on foot,” according to a post on the police department’s Facebook page.The wounded officer was rushed to Roanoke Memorial Hospital, where he was being treated for serious but not life-threatening injuries, police said.The driver of the vehicle was cited for a traffic violation and released, police said. He was not injured.The other officer was not hurt either, police said.Gray is 6-feet-1-inch tall and weighs approximately 185 pounds, police said. It’s unclear what clothing Gray is wearing.His last known address was in Bluefield, police said.Anyone with information about Gray or the shooting is urged to call 911 or the Bluefield Police Department at 276-326-2621. Copyright © 2019, ABC Radio. All rights reserved.last_img read more

admin

5-year-old Utah girl Elizabeth Jessica Shelley missing, uncle in custody: Police

first_imgLogan City Police Department(LOGAN CITY, UT) — A desperate search is underway in Utah for a missing 5-year-old girl who was last seen with her uncle, police said Sunday.Elizabeth Jessica Shelley hasn’t been seen since Saturday at 2 a.m., according to the Logan City Police Department. She was with Alex Whipple, her mom’s brother, when she vanished, the department’s captain, Tyson Budge, said.Whipple, 21, is considered the main suspect in the girl’s disappearance, Budge said, but he is not cooperating with authorities.“We know he was with her,” the Budge told ABC News.Whipple was taken into custody Saturday at about 6 p.m. for absconding probation and, among other charges, receiving stolen property and drinking under the influence, Budge added.He is being held on $250,000 bond, according to the Cache County Sheriff’s Office’s website.Whipple has not been formally arrested in connection with Elizabeth’s disappearance, but Budge told ABC News authorities are “pretty confident” he had something to do with it. A burner phone Whipple was allegedly using was among the evidence found at the girl’s home, allegedly linking him to her disappearance, according to Budge.Elizabeth’s parents reported the incident to police at 10 a.m. Saturday.In addition to Logan City police, the search for the little girl includes the sheriff’s office, the FBI and the county’s search and rescue unit. A helicopter has been deployed, too, Budge said.Authorities are urging residents in the area where Elizabeth went missing to check their surveillance, including smart doorbells and other cameras, between the hours of 2 a.m. and noon on Saturday.Elizabeth was wearing either blue jeans or a teal-colored plaid skirt when she was last seen, police said. She’s described at standing about 3-feet-6-inches tall with shoulder-length, curly brown hair with bangs, and has brown eyes.Authorities urged anyone with information to call 435.753.7555.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

admin