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French presidential candidate Emmanuel Macron has received another boost in a busy week, after being endorsed by veteran centrist Francois Bayrou, with the markets welcoming the move.Macron was in London to speak to Prime Minister Theresa May only yesterday, and today won the backing of Bayrou, helping his bid to move clear of centre-right Republican Francois Fillon in the battle to take on Front National’s Marine Le Pen. whatsapp Read More: French presidential hopeful vows to be “tough” in Brexit talksDescribing French democracy as under threat, Bayrou said that the conservatives under Francois Fillon were riddled with scandals and the Socialists, who he backed in 2012, were in disarray, a situation that could pave the way for the far-right.”What’s at stake with this alliance is to restore hope,” Bayrou said. Wednesday 22 February 2017 5:50 pm “I have decided to offer Emmanuel Macron an alliance. The danger is too big we must change things.” Le Pen is the favourite to make the final round of the election in May, but so far Macron and Fillon have been inseperable in the polls.Read More: French Revolution – Will Le Pen give Europe its next political shock?Endorsing Macron today Bayrou, a pro-EU politician who had been an outsider in the race, said: “We are in an extremely risky situation, and to tackle this exceptional situation, I think we need an exceptional response. Mark Sands The declaration pushed the euro up against the dollar, and French bond yields, which had risen because of fears of rising support for Le Pen, fell about 5 basis points. Share whatsapp Emmanuel Macron has won a big endorsement for his French presidential campaign and the markets seem to like it read more

first_img Harry Robertson European markets back in red as China shows signs of hurting under trade war Tags: Company Donald Trump FTSE 100 People Twitter whatsapp Trump tweeted yesterday: “When the time is right we will make a deal with China. My respect and friendship with President Xi is unlimited but, as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense.”When the time is right we will make a deal with China. My respect and friendship with President Xi is unlimited but, as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense. We have to be allowed to make up some…..— Donald J. Trump (@realDonaldTrump) May 14, 2019He had earlier tweeted: “We can make a deal with China tomorrow, before their companies start leaving so as not to lose USA business, but the last time we were close they wanted to renegotiate the deal. No way!”China’s benchmark Shanghai composite index rose 1.9 per cent overnight, while Hong Kong’s Hang Seng climbed 0.5 per cent. Wednesday 15 May 2019 1:20 pm Official figures today showed China’s industrial output growth slowing to 5.4 per cent year-on-year in April, a worse-than-predicted figure and much lower than the 8.5 per cent growth seen in March.Chinese consumers, recently touted as an engine of stability for the country, slowed their spending, causing clothing sales to fall for the first time since 2009.Germany’s benchmark Dax index rose shortly after the bell, but had fallen 0.5 per cent shortly before 1pm UK time as it digested the Chinese data.The pan-European Stoxx 600 index also opened higher, but has since fallen 0.3 per cent today. France’s CAC 40 fell 0.4 per cent while Britain’s FTSE 100 dropped 0.1 per cent.European stocks diverged from those in Asia which rose overnight on the back of US President Donald Trump’s suggestion that a trade deal could be reached. whatsapp Asian stocks were following the rise of their US counterparts. The Dow Jones industrial average climbed 0.8 per cent yesterday, while the S&P 500 also rise 0.8 per cent.Today’s Chinese economic data has helped renew investors’ jitters, however, sending them running for cover towards safe-haven assets.Read more: Economists pour cold water on Trump’s tariff argumentsThe German 10-year bund fell to minus 0.0094 per cent today, a new two-and-a-half year low, while 10-year US Treasuries also fell 2.4 per cent. European stocks have fallen after opening higher this morning, as weaker-than-expected Chinese economic data hinted at the effects of the US-China trade war.Read more: China retaliates with tariffs on $60bn of US goods Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndo Sharelast_img read more

first_imgJuneau | SoutheastBartlett’s board of directors taps hospital CFO to lead after CEO Chuck Bill leavesDecember 23, 2020 by Rashah McChesney, KTOO Share:Emergency room entrance at Bartlett Regional Hospital. (Photo by Jennifer Canfield/KTOO)Bartlett Regional Hospital’s board of directors has a new president. During its last meeting of 2020, the board voted Kenny Solomon-Gross to be its president. Members also voted to keep Rosemary Hagevig in the vice president’s spot and Mark Johnson as board secretary.  That’s not the only leadership change on the horizon for the city’s hospital. CEO Chuck Bill is retiring in early 2021. The board decided to temporarily promote the current Chief Financial Officer Kevin Benson into the role. Currently, he makes just over $236,000 a year and they gave him a raise to just over $307,000 a year — that is lower than what an analyst told them would be a competitive salary for a CEO.   Benson says he doesn’t want to take on the job permanently, so he’ll transition out of the role when they find a new CEO. Share this story:last_img read more

first_imgPharmalot Bipartisan bill will be reintroduced to force pharma to justify price hikes Log In | Learn More Ed Silverman By Ed Silverman May 15, 2017 Reprints About the Author Reprints What is it? GET STARTED Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED What’s included?center_img Mark Wilson/Getty Images [email protected] A bipartisan group of lawmakers will re-introduce a bill on Tuesday that would require drug makers to justify their pricing and provide a breakdown of their expenses before raising prices on some medicines.Under the Fair Drug Pricing Act, companies will have to notify the US Department of Health and Human Services and submit a report 30 days before they increase the price of certain drugs that cost at least $100 by more than 10 percent in one year, or 25 percent over three years. The bill is being co-sponsored by Senator Tammy Baldwin (D-Wis.), Senator John McCain (R-Ariz.), and US Representative Jan Schakowsky (D-Ill.) STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. @Pharmalot Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Tags drug pricespharmaceuticalsSTAT+ Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.last_img read more

Companies Alternative Investment Management Association IE Staff Facebook LinkedIn Twitter Share this article and your comments with peers on social media The Alternative Investment Management Association (AIMA) Canada has announced the composition of its executive committee for 2012-2014. The committee includes: Chairman: Gary Ostoich, president, Spartan Fund Management Deputy chairman: Andrew Doman, chief operating officer, Man Investments Canada Legal counsel: Michael Burns, partner, McMillan LLP Secretary: Paul Patterson, vice president, private investments, Integrated Asset Management (IAM) Group Treasurer: Chris Pitts, partner, PricewaterhouseCoopers LLP The executive committee also includes James Burron, who is AIMA Canada’s chief operating officer. Ostoich, one of the founders of AIMA Canada, was elected to an additional two-year term as chairman, after having already led the organization since 2009. Doman, Burns and Pitts have also previously served on the committee. Doman succeeds Eamonn McConnell, who is stepping down as deputy chairman after having served in that post since 2008. Patterson, a new member of the committee, will fill the secretary position, which was previously held by Doman. In announcing the new executive committee membership, Ostoich expressed gratitude to McConnell for his distinguished past service and welcomed Patterson to the committee. He also expressed sincere appreciation to continuing members Doman, Burns, Pitts and Burron for their “important contributions to AIMA Canada and the alternative investment industry in recent years. I look forward to continuing to work with the committee over the next two years to expand our contribution to the industry and our growing membership,” Ostoich said. read more

first_img Negative 2021 outlook on exchange, clearing sector: Fitch Share this article and your comments with peers on social media Set to launch in September, Alpha’s new trading model is designed to deliver superior execution quality and reduce trading costs for retail and institutional dealers. Alpha features will include a minimum size threshold for liquidity-providing orders, competitive pricing for active flow and a short order processing delay (speed bump). In addition, in response to feedback received from customers through the public comment process for the proposed changes, Alpha will operate as an unprotected market under the Order Protection Rule (OPR). TMX Group says it is encouraged by announced regulatory efforts to re-examine the application of OPR to all marketplaces which impose order processing delays, and supports an approach to harmonize unprotected status across all speed bump markets. “We are pleased to be moving forward with our planned amendments to the Alpha trading model, which have been further enhanced with client input,” said Kevan Cowan, president, TSX Markets and Group Head of Equities, TMX Group. In October 2014, TMX Group announced proposed changes to the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), TMX Select and Alpha marketplaces aimed at improving the Canadian trading landscape and reducing market complexity. TMX Group intends to close TMX Select as well as Alpha’s IntraSpread facility. In addition, key features and functionality will be harmonized across TSX, TSXV and Alpha to provide an improved user experience. These changes include eliminating the opening auction on Alpha and migrating Alpha to the TMX Quantum XA trading platform. These updates are planned in coordination with the expected launch of the approved Alpha model in September. Canadian IPO market limps through Q3, PwC reports Nasdaq sharpens market surveillance Keywords Stock exchangesCompanies TMX Group Ltd. center_img Related news IE Staff TMX Group Ltd. (TSX:X) has received Ontario Securities Commission (OSC) approval for changes to its TSX Alpha Exchange trading model, the exchange operator said Tuesday. The changes are key elements of TMX Group’s recently announced proposal to reposition its equities trading platforms to meet evolving customer needs and strengthen Canada’s capital markets. Facebook LinkedIn Twitterlast_img read more

first_img Meridian president and CEO steps down Vancouver-based Central 1 Credit Union (Central 1) will welcome Brent Clode as its new chief investment officer on July 15. Clode joins Central 1, the primary liquidity manager, payments processor and trade association for member credit unions in British Columbia and Ontario, from Toronto-based Manulife Financial Corp., at which he was vice president of treasury risk management, funding and liquidity operations. In this role, he was responsible for overseeing liquidity and foreign-exchange risk management, derivative hedging strategies and compliance. Concentra expands executive team Related news Tessie Sanci Facebook LinkedIn Twittercenter_img Keywords Credit unions Share this article and your comments with peers on social media Concentra Bank names new head of Concentra Trust Clode, who has 19 years of experience in the banking and insurance sectors, began his career with Toronto-based Canadian Imperial Bank of Commerce as an associate in the fixed-income and money market area before ultimately moving into the role of director of the treasury and risk management finance division, according to a statement from Central 1. Clode is a chartered financial analyst with an MBA in finance from McMaster University in Hamilton, Ont. and a BA in administrative and commercial studies from the University of Western Ontario in London, Ont. He will succeed Charles Milne, who has agreed to stay and help manage the transition until his retirement on Aug. 31. Clode will be working out of Central 1’s office in Toronto but will travel frequently between Ontario and British Columbia, the organization’s statement says.last_img read more

first_img With mortgage rates at historic lows and price growth tapering in certain markets, the Covid-19 pandemic has presented both opportunities and challenges for first-time homebuyers.New buyers are seeing condo prices come within reach in downtown areas awash with vacant high rises. But young families are also being priced out of starter homes in suburbs at a faster rate. Facebook LinkedIn Twitter Daydreaming young couple at home 123RF Keywords Housing Global housing prices rise amid pandemic: BIS Share this article and your comments with peers on social media GTA home sales down 13% between April and May: TRREB Tougher stress tests won’t chill housing market: Scotia Related news Anita BalakrishnanCanadian Press “From first-time homebuyers what I’m seeing is a lot of people reaching out, really since the summer, and trying to understand: Is it the right time for them to buy?” said Patrick McKinnon, a sales representative at One Group Toronto Real Estate.“They’re seriously considering doing so now while they still have the opportunity. It is the best time it’s been to buy all year.”For the group of buyers drawn to entry-level condos, McKinnon says, the conditions are ripe. Buyers, often in their 20s, have an opportunity to live downtown or potentially have a rental property down the line.But for buyers who spent their 20s and early 30s renting in cities and are ready to settle down, there aren’t too many deals to be had. Suburban markets that were once affordable are now out of reach as existing homeowners, armed with big gains on equity in their properties, bid up suburban homes.In the Greater Toronto Area in November, prices were up nearly 20% year over year in Durham region, more than 22.5% in Oshawa, Ont., and nearly 14% in Brampton, Ont. Considering the average home price in the Toronto area has more than doubled, growing from $395,234 to $819,288 between 2009 and 2019, equity can be an advantage.Brampton real estate agent Bethany King said that of all the homebuyers she sees, first-time purchasers are in the toughest spot.“With so much pent-up demand, our entry-level pricing has officially shifted, and it’s becoming more and more expensive for them,” said King, a team leader at Century 21 Millennium Inc. brokerage.The Quebec Professional Association of Real Estate Brokers has highlighted a similar trend, noting that adults aged 18 to 34 are now less tethered to a physical workspace, as Covid-19 has widened acceptance of work from home. But as the suburbs become more career-friendly, this same group is more likely to have had their finances negatively impacted during the pandemic, the real estate association said.“[Experienced] buyers are in a better financial position to take advantage of real estate market opportunities and move up in product and price,” said Charles Brant, director of market analysis at the QPAREB, in a statement this month.While Canadians generally saved more money during the pandemic, Statistics Canada noted that millennial-led households faced greater economic risk this year. These younger workers, Statistics Canada said, have higher costs of entry to housing and less equity in financial and real estate assets — and are also more likely to work in industries more deeply impacted by the pandemic.“Now, the overall affordability is better with these lower interest rates, and so that’s why we’re seeing people purchase [homes],” said Paul Beaudry, Deputy Governor of the Bank of Canada, in a recent question-and-answer session.“The difficulty is really down payments for young people. If you can get in, it’s not that costly to carry the cost of a house in terms of the interest rate cost. What’s hard is actually getting in.”Ottawa has taken note. The government’s fall economic statement said it would expand eligibility for the first-time homebuyer incentive by raising the maximum house price for the incentive from about $505,000 to about $722,000 next year.An online poll released by RBC this month indicated that Canadians were willing to give a child or family member an average of $60,513 to help them buy a home, as about 58% of respondents said it was almost impossible to buy a home on their own. Nonetheless, about 81% of respondents said homeownership was a good investment.According to the polling industry’s generally accepted standards, online surveys cannot be assigned a margin of error because they do not randomly sample the population.That draw to buying a home as an investment comes even as the average rent for Canadian properties listed on Rentals.ca fell more than 9% between November 2019 and November 2020.Prospective buyers who may be under the impression that real estate prices only go up should consider the plight of those who bought condos in Toronto before prices fell this year, cautioned Hilliard MacBeth, an investment advisor and author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash.While prices may be coming down for city condos, MacBeth said maintenance fees, insurance and taxes can still make them far from affordable compared to rentals. Plus, he says, young buyers could find they don’t have the equity to move up in a few years, if prices fall more.“A whole bunch of first-time buyers from five years ago and three years ago and two years ago that bought these condos in the centre of Toronto — now they’re stuck,” MacBeth says.last_img read more

first_imgJLS Commended for 60 Years of Outstanding Achievements EducationFebruary 20, 2009 FacebookTwitterWhatsAppEmail Minister of Education, Andrew Holness, has commended the Jamaica Library Service (JLS) on six decades of outstanding achievements.The Minister, who was addressing the JLS’ 60th anniversary international conference recently at the Sunset Jamaica Grande Resort in Ocho Rios, St. Ann, said that the institution has done an excellent job over the years in modernising its operations and improving service delivery, in response to technological changes and the needs of the public.In addition to the network of 126 public libraries, 926 school libraries and 465 mobile libraries across the island, the JLS offers access points for 23 special categories of persons, including the visually impaired, and those in hospitals, infirmaries, penal institutions and places of safety.“In this information age, Jamaicans have the opportunity to enjoy unlimited public access to recorded information and as of last year, free access to computer and Internet services in 100 public libraries across the island, and this indeed is a great achievement for our library service,” Minister Holness said.The JLS, he noted, was an important partner in the Ministry’s efforts to create a 100 per cent literate society, which would enable the country to effectively position itself in the knowledge-based global economy.He pointed out that while increasing access to information and communications technologies (ICT) were important, members of the public must value the information available and understood how to process it and turn it into a usable resource.“We are a nation in a globalised world and knowledge is its currency. Our job is to prepare our human resource to be able to access, filter, create, manipulate, store, retrieve and all other functions related to information,” he said.The six-day conference, which concludes on Saturday (Feb. 21), is being held under the theme: ‘Public and School Libraries: Your Partners in National Development.’ RelatedJLS Commended for 60 Years of Outstanding Achievements RelatedJLS Commended for 60 Years of Outstanding Achievementscenter_img RelatedJLS Commended for 60 Years of Outstanding Achievements Advertisementslast_img read more

first_imgRoad user charging announcement highlights need for national consistency Australia’s peak motoring group again calls on the Federal Government to lead taxation reform and ensure a nationally consistent road user charge for electric vehicles.The Australian Automobile Association (AAA) has long advocated that electric vehicles be brought into the tax system – initially at a discounted rate to avoid disincentivising their take-up – and recommends governments apportion collected revenue to programs that assist the roll out of ultra-low fuel consumption technologies and infrastructure.Yesterday’s announcement by Victoria that it will join South Australia and possibly New South Wales and go its own way to introduce a new charging regime for zero and low emission vehicles is another step in the right direction, but the AAA warns Australia needs a new national model for funding transport projects.AAA Managing Director, Michael Bradley, said: “The technological shifts we’re seeing in the car market are good for consumers and the environment, but they are also going to significantly undermine the federal budget and its reliance on fuel excise revenue to fund transport projects.”“The Federal Government must step in and ensure tax changes are nationally consistent, equitable, and progressed in a manner that does not disincentivise technological transition.”October’s federal Budget shows Australian motorists will pay $49.3 billion in fuel excise over the next four years, and the average Australian household will contribute $1,188 in fuel excise alone this financial year.Mr Bradley said: “The Victorian and South Australian governments deserve to be congratulated on taking a position of leadership and for taking on a tax reform that has for too long sat in the too-hard basket.”“They join international jurisdictions such as California, Utah, Oregon and Washington, which are already either implementing or trialling road-user charging systems that incorporate electric vehicles.”A survey conducted by the AAA this month shows 79.9% of Australians agree that owners of electric vehicles should contribute towards the costs of the nation’s roads in some way, with a similar proportion agreeing that a new road user charge should be at a rate that does not discourage the uptake of electric vehicles.The AAA’s constituent clubs – NRMA, RACV, RACQ, RAA, RAC and RACT – are major investors in EV recharging networks.Click here to download a pdf. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AAA, Australia, Australian, Australian Automobile Association, Australian Government, california, electric vehicle, environment, Federal, federal government, Government, infrastructure, New South Wales, South Australia, Victoria, Washingtonlast_img read more