The City will pay a high price for a Tobin Tax

first_imgMonday 6 September 2010 8:16 pm whatsapp Share Tags: NULL EU FINANCE ministers are meeting today to discuss the latest incarnation of the Tobin Tax. The City should be worried. Tobin’s proposed tax on foreign exchange transactions has deservedly been in the wilderness for forty years, but the mood has changed. There is a real danger that a punishing levy could happen, sooner rather than later.Consider the other topic of discussion on the table at this EU meeting: finalising plans for a yearly bank levy that will pay for any future bailouts. This is a tax on prudence, which will squeeze those long-term profits that come from sound investment decisions and use the money to support the risk-takers who mismanage their assets. Moral hazard will grow, not contract. And yet the UK, Germany and France have all agreed to take it forward; Britain’s version is especially bad. In such an environment, a Tobin Tax no longer seems inconceivable. The prospect of taxing foreign exchange could scarcely come at a worse moment for the UK. The triennial foreign exchange figures from the Bank for International Settlements were out just last week, showing that the UK remains the global centre for foreign exchange and continues to grow in importance in the sector. London-based traders now account for 36.7 per cent of all foreign exchange market turnover, which is more than the next four countries (the US, Japan, Singapore and Switzerland) put together.It is hard to imagine any sane chancellor wanting to harm such a magnificent British success story, even when bankers make such easy prey. And yet any transaction tax would be a global decision, with all nations signing up behind it. And at the trans-national level, senior figures with less to lose are already falling into line. Nicolas Sarkozy, Angela Merkel and Jose Manuel Barroso have all supported the measure. The head of the International Monetary Fund retracted his opposition at the end of last year.Any conclusions from this EU discussion will be taken forward to the G20 in South Korea this November. George Osborne is, thankfully, said to be wary, but the dilution of his voice as the family of nations works toward its consensus can only grow.If the worst happens, there will be fine words about global agreement, of everyone having signed up as equal partners, accepting a twenty-first-century tax for the greater good. The truth will be that Britain’s disproportionate success in foreign exchange bears a disproportionate share of the burden. Our global competitors will be only too happy to posture while loading its weight on our shoulders.Even those sectors of the City that might imagine a tax on foreign exchange isn’t their problem should read the small print of today’s agenda. Proposals under discussion include extending the concept to cover transactions in bonds, stocks and derivatives. Once transaction levies begin, all trades will become targets for the global taxman. whatsapp Show Comments ▼ The City will pay a high price for a Tobin Tax KCS-content 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 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.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndolast_img read more

ANALYST VIEWS: HOW HAS MORRISONS DONE IN ITS FIRST SET OF RESULTS UNDER NEW BOSS DALTON PHILIPS

first_img whatsapp New chief executive, Dalton Philips, came across very well on his first outing in front of the analyst community. His strategic update highlighted a number of opportunities to drive the top line and improve operational efficiency. We expect Morrison to deliver low double-digit growth in underlying JONATHAN JACKSON | KILLIK & COAlthough there is little depth in terms of numbers, we believe there is plenty of scope to make operational improvements in areas such as IT and distribution. The outlook statement highlights that the consumer environment remains challenging, with disposable incomes coming under pressure from a rising tax burden and consumer confidence. whatsapp Thursday 9 September 2010 8:27 pm SAM HART | CHARLES STANLEY by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia KCS-content Sharecenter_img The new chief executive also highlighted the strategic move into a convenience store format pilot and that an online presence was under consideration. The accompanying comments were comforting, reiterating that the company had retained a tight control on costs having anticipated the largely expected current consumer environment. More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org ANALYST VIEWS: HOW HAS MORRISONS DONE IN ITS FIRST SET OF RESULTS UNDER NEW BOSS DALTON PHILIPS Show Comments ▼ Tags: NULLlast_img read more

We need real reforms as well as cuts

first_img whatsapp We need real reforms as well as cuts Tags: NULL whatsapp IMAGINE a failing, near-bankrupt corporation, saddled with out of control and deeply inefficient subsidiaries. A new management team has just been sent in. The previous incumbents failed miserably; the firm’s divisions are loss-making, following their own insular agenda and producing poor products at too high a cost.In the private sector, the solution would be clear: the new executives would come in with a clear mission to reengineer all parts of the firm. Costs would be slashed; new systems put in place; weak middle managers cleared out; dozens of new executives brought in, perhaps with the help of headhunters. Pretty quickly, the situation would be stabilised, losses eliminated, costs slashed by a quarter or a third, in some cases by shifting production abroad or by using outside contractors, and productivity of the remaining staff hiked – and all the while better products would be offered to consumers. We have seen such transformations time and again; real leadership and managerial skill can do wonders. A car company that is being nursed back to health would never dream of offering worse cars to its consumers; it is astonishing how much scope there is in failing businesses to boost quality while cutting costs. In the public sector, however, it doesn’t seem to work that way – at least not under this government. Its approach to cost-cutting is looking increasingly flawed; instead of changing the management and restructuring the way services are offered, it has all too often accepted the nonsensical claim made by its opponents that services are already fully efficient and that the only cuts that can be made are to front-line staff. Sure, some waste is being rooted out; some quangos are being dismantled – but no real reengineering takes place, with the result that tens of thousands of soldiers, nurses, doctors and police officers could lose their jobs. What is depressing, is this is largely unnecessary.The only people who have changed are the ministers at the top. The actual management of government departments remains unchanged; the same civil servants are still running the show, trying to protect their own empires. The same is almost universally true of public sector bodies such as hospital trusts and of course local government. There has been no revolution. Hardly any special advisers have been appointed by the coalition; a golden opportunity to parachute in hundreds of experienced, determined restructuring experts, cost cutters and turnaround specialists has been squandered. Experienced outsourcers such as Serco, a firm which has shown that it can manage services on the government’s behalf at a lower cost, have not been called in. Instead of trying to achieve as much – or almost as much – with less, the coalition appears to have given up and to be prepared to provide far fewer services in return for a little bit less money. The result is likely to be a huge electoral backlash.Already, YouGov has the Tories on 40 per cent, Labour on 39 per cent and the LibDems on 12 per cent. Given that Labour still doesn’t have a leader, and that the cuts have barely started, this ultra-narrow gap ought to be keeping David Cameron awake at night. It is vital for Britain’s prosperity that the public finances be nursed back to health as soon as possible, and that our bloated government be downsized. The coalition government must get a grip and show that it can reform as well as [email protected] Share Tuesday 14 September 2010 9:13 pm Show Comments ▼ KCS-content 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.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comlast_img read more

Al Gore fund quadruples its profits to £32m

first_imgWednesday 22 September 2010 7:46 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 AN investment fund set up by former US Vice President Al Gore and Mark Ferguson, the son of Manchester United manager Alex Ferguson, saw its pre-tax profits almost quadruple last year to £31.9m, according to accounts filed in Companies House. Generation Investment Management – which was launched in 2004 under the guidance of the former chief executive of Goldman Sachs Asset Management David Blood – saw its sales rise to £46m from £19m a year ago. Last year the business made its first profit of £8.6m.The fund is a long-term investor in green and low-carbon businesses around the world. Al Gore fund quadruples its profits to £32m whatsapp Tags: NULL whatsapp KCS-content Share Show Comments ▼ last_img read more

Glaxo lifts stake in partner Theravance

first_img PHARMACEUTICALS giant GlaxoSmithKline has announced that it has increased its stake in US biotech firm Theravance Inc to 19 per cent today.The deal marks a vote of confidence in the company, with which it is developing a key new respiratory drug, Relovair.The lung treatment is for asthma and chronic obstructive pulmonary disease, which the British drugmaker hopes will be a successor to its top-selling £5bn-a-year Advair treatment.The latest investment involves GSK buying a further 5.75 million Theravance shares at $22.50 (£14.42) each, at a cost of $129.4m, the companies said. Monday 29 November 2010 5:08 am alison.lock Tags: NULL whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily 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 Proof Sharecenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal 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 FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Glaxo lifts stake in partner Theravance whatsapp last_img read more

Flybe listing to take off in December

first_img Share whatsapp Flybe listing to take off in December Show Comments ▼ Tuesday 30 November 2010 8:17 pm Tags: NULLcenter_img KCS-content whatsapp REGIONAL airline Flybe yesterday announced plans to list in London in December in a bid to raise £60m.The initial public offering (IPO) would value the budget carrier, Europe’s largest regional airline, at about £240m and marks another stride in its ambitious growth strategy. “We are delighted to bring Flybe to the market. The company has come a long way in a short time,” said Flybe’s chairman and chief executive Jim French. The company said the flotation proceeds would provide capital both to grow its fleet of aircraft and to strengthen its cash position, to give it greater “strategic flexibility to pursue additional growth opportunities,” it said. These could include strategic arrangements with European airlines but also acquisitions. The news ends weeks of speculation, with reports suggesting 25 per cent of the business could be floated. Exeter-based Flybe has chased growth opportunities in recent years, buying British Airways’ regional UK business, BA Connect, in 2007 in a deal that doubled the company’s size.In July, it announced that it had ordered and secured options on up to 140 new aircraft with manufacturer Embraer for up to $5bn (£3.2bn). It has indicated its wish to list several times since 2005 but delayed plans due to the acquisition and then difficult market conditions.It is one of just a few European airlines to report profits throughout the recession, with turnover of £570.5m and £5.7m profit before tax in the year to March 2010. It now services 215 short-haul and niche routes.FAST FACTS | FLYBE65 per cent owned by Rosedale Aviation Holdings; family trust for Jack Walker.16 per cent employee-owned.BA retains a 15 per cent stake and will buy enough new shares to maintain that stake.BANK OF AMERICA MERRILL LYNCHJUSTIN ANSTEE FLYBE has hired Bank of America Merrill Lynch as sole sponsor, global coordinator and bookrunner on the offer, with Investec and Execution Noble as managers.Justin Anstee (pictured), head of EMEA transport, business services and infrastructure investment banking at BoA Merrill Lynch, is lead adviser. He joined the firm in 2000, and has advised British Airways on its merger with Iberia and National Express on its defence against multiple bids. Rupert Hume-Kendall, global capital markets chairman at BoA Merrill Lynch, is the capital markets banker. He has led the funding of clients including BT, RBS, ICI, WPP, Lloyds, Diageo, Standard Life and Banco Santander. In 2008, among others, he led two rights issues for RBS that raised $24bn and $35bn respectively. Prior to joining Merrill Lynch in 1998 he was syndicate head at UBS, and prior to that worked at Schroders. A lover of golf, water-skiing and running, he holds an economics masters degree from the LSE and is a member of Annabel’s. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org 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 PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndolast_img read more

Labour retains Oldham in a blow for the coalition

first_imgThursday 13 January 2011 9:10 pm whatsapp LABOUR triumphed over the coalition parties last night, retaining the Oldham East and Saddleworth seat in yesterday’s by-election.Labour candidate Debbie Abrahams held the seat with a several thousand vote majority, ahead of Liberal Democrat Elwyn Watkins in second position, while Conservative candidate Kashif Ali trailed behind. Voter turnout was 48.06 per cent.The result in the largest constituency in Greater Manchester is seen as punishment of the Lib Dems for their role in the coalition government alongside the Conservatives.The victory keeps Labour in the seat, which came up for election after sitting MP Phil Woolas was removed from office for lying about his opponent Watkins in election material.The constituency, with a left-leaning electorate and concerns over the effect of public sector cuts on jobs, should have been an easy Lib Dem win. But voter animosity against Nick Clegg for leading the Lib Dems to backtrack on key election pledges such as tuition fees decimated the party’s chance of a win. The loss will add to pressure on Clegg to pacify the party’s support base. Labour retains Oldham in a blow for the coalition Show Comments ▼ whatsappcenter_img 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 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 AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Share KCS-content Tags: NULLlast_img read more

ANALYST VIEWS: CAN AB FOODS CONTINUE TO GROW AS COSTS SHOOT UP?

first_img KCS-content ANALYST VIEWS: CAN AB FOODS CONTINUE TO GROW AS COSTS SHOOT UP? whatsapp whatsapp Show Comments ▼ Share CLIVE BLACK | SHORE CAPITALABF has revealed more divisions reporting either slowing sales growth or margin pressure than we had anticipated. Such challenges are likely, to our minds, to compress the upward momentum of the shares in the near term. We reiterate our ‘hold’ recommendation.GRAHAM JONES | PANMUREThe shares have come off their highs, but this reflects concerns for the sector in the face of spiralling cost inflation and a weak consumer environment in many developed markets. The shares, in our view, have drifted into more attractive territory trading. ‘Hold’.MAUREEN HINTON | VERDICTThough Primark has opened more stores in the UK, and will continue to do so, the steep growth curves will come from new markets where its proposition has greater impact. Primark needs to gain scale and critical mass in these continental markets in order to gain more volume advantage. Monday 28 February 2011 8:29 pm Tags: NULL More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comlast_img read more

US wholesale prices rise fastest in 18 months

first_imgWednesday 16 March 2011 3:42 pm 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition whatsapp US wholesale prices rise fastest in 18 months alison.lock More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comcenter_img Share Show Comments ▼ US producer prices surged in February at their fastest pace in just over 18 months, pointing to a build-up in pipeline inflation pressures from soaring food and energy costs.The US Labor Department says its seasonally-adjusted index for prices paid at the farm and factory gate jumped 1.6 per cent, the largest increase since June 2009, after rising 0.8 per cent in January.That was more than double economists’ expectations for an 0.7 per cent rise last month. In the 12 months to February producer prices increased 5.6 per cent, the biggest rise since March, after advancing 3.6 per cent in January.The report came a day after the Federal Reserve said it expected the upward inflation pressure from energy and other commodities to prove transitory but that it would keep a close eye on inflation and inflation expectations.Economists said given the huge amount of slack in the economy, they did not expect the strong producer prices to pass through to consumers any time soon.“Many of these things do not have much bearing on the consumer price index… but they are certainly reason for the Fed’s vigilance on commodity prices,” said David Resler, chief economist at Nomura Securities International in New York. Tags: NULLlast_img read more

Libyan air strikes and Yemen riot hit oil price

first_img KCS-content Show Comments ▼ whatsapp Share OIL prices continued their upward trajectory yesterday as Libya endured bombings from both Gaddafi loyalists and the UN-mandated military push to enforce a no-fly zone. Muammar Gaddafi’s forces attacked the cities of Misrata and Zintan yesterday, killing dozens, as the dictator attempted to retake rebel strongholds in the west of the country. Gaddafi made a public appearance at his compound in Tripoli late last night, in which he vowed to fight on. He said on Libyan state TV that his supporters are “ready for battle, be it long or short”.Allied planes entered their fourth night of air strikes yesterday, and the UK Ministry of Defence said the eastern city of Benghazi is being successfully protected from further attack.A US figher jet crashed due to a technical fault on Monday, the American air force confirmed yesterday, but denied that civilians were shot in the subsequent rescue mission. NATO could soon take the lead in the campaign after US President Barack Obama gained support from the UK and France in his efforts to get other nations to take charge.Brent crude spot prices rose 0.5 per cent to $115.95 (£70.81) a barrel yesterday, while futures for May delivery rose 0.6 per cent to $115.70. Libya, a member of the OPEC oil cartel, has already cut its oil production by an estimated 75 per cent to below 400,000 barrels a day. In Yemen, widespread civil unrest threatened to unseat president Ali Abdullah Saleh, who warned that the country would slide into civil war if he stepped down.The UN human rights office yesterday voiced “deep concerns”?about the excessive use of force against protestors in Yemen, Bahrain and Syria.The Egyptian stock market is expected to fall sharply this morning when it opens for the first time in seven weeks, following a successful referendum to change the nation’s constitution. Tags: NULLcenter_img whatsapp Tuesday 22 March 2011 9:44 pm Libyan air strikes and Yemen riot hit oil price Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldlast_img read more