Sterling sinks as Johnson resurrects spectre of no-deal Brexit

first_img“If we can’t agree by then, then I do not see that there will be a free-trade agreement between us,” Johnson said, insisting it would still be a “good outcome” for Britain.The Financial Times meanwhile reported that Johnson is planning legislation to override parts of the withdrawal treaty that Britain and the EU agreed last year.The report cited three people close to the plans as saying a bill to be put before parliament this week would undermine agreements relating to Northern Ireland customs and state aid.’Negotiation tactics?’ The British pound sank Monday after Prime Minister Boris Johnson appeared to revive investor fears of a no-deal Brexit, dealers said.Heading into the half-way point in London, sterling deepened losses to shed 1.0 percent versus the dollar. It was also down 0.8 percent against the European single currency.Johnson has given an Oct. 15 deadline for a post-Brexit trade agreement with the European Union, brushing off fears about “no-deal” chaos if talks fail. “Judging by today’s price action in the pound, investors appear to believe that Johnson has indeed resurrected the spectre of a no-deal Brexit,” ThinkMarkets analyst Fawad Razaqzada told AFP.”However, I reckon it is all part of negotiation tactics – and in the end a cliff-edge Brexit will probably be avoided as it is not in either party’s interests.”In response to the report, Downing Street said only that it was still “working hard to resolve outstanding issues with the Northern Ireland Protocol” but was considering “fall-back options”.EU leader Ursula von der Leyen warned that Britain is legally obliged to respect the Brexit withdrawal agreement, which must form the basis of bilateral relations going forward.The eighth round of negotiations resume in London this week, with both sides talking increasingly tough, amid accusations of intransigence and political brinkmanship.European stocks rallyThe weak pound meanwhile handed a fillip to the London stock market, because it boosts the share prices of multinationals earning in dollars.Frankfurt and Paris also charged higher as investors snapped up bargain stocks following heady losses last week.Asian equities struggled Monday, with a mixed US jobs report offsetting a pledge from Federal Reserve boss Jerome Powell that interest rates would remain rock-bottom for years.China-US tensions and a lack of progress in Washington stimulus talks – all against the backdrop of the coronavirus pandemic – were keeping markets from surging.Wall Street nursed more losses on Friday, albeit shallower than Thursday’s rout that hammered the tech sector as traders took profits from months of huge gains.In commodity markets on Monday, world oil prices sank on stubborn concerns over the long-term energy demand outlook, as economies struggle to shake off coronavirus fallout.”The market is growing less and less confident that oil demand will recover as quickly as it hoped,” said Rystad Energy analyst Paola Rodriguez-Masiu.Topics :last_img read more

Governor Wolf Announces Continental Carbonic Products, Inc. to Establish a New Manufacturing Facility in Clearfield County

first_img September 22, 2016 SHARE Email Facebook Twitter Jobs That Pay,  Press Release Harrisburg, PA – Governor Tom Wolf announced today that Continental Carbonic Products, Inc., a producer and distributor of solid and liquid carbon dioxide and dry-ice blasting machines, will establish a facility in Clearfield County. The move will create 60 new, full-time jobs.“Another manufacturer has made the strategic business decision the Pennsylvania is the best place to grow its business and support its customers,” said Governor Wolf. “The Clearfield site will be one of Continental Carbonic’s largest plants and the company’s decision to expand its presence through the creation of a new manufacturing operation in the commonwealth will not only support the local economy substantially, but will additionally create 60 new, full-time jobs for Pennsylvanians.”Continental Carbonic will construct a 45,000-square-foot liquid carbon dioxide facility as well as purchase equipment to operate a dry ice manufacturing facility in Clearfield, Clearfield County. The company will enter into a long-term land lease from Pennsylvania Grain Processing, LLC which will transfer the carbon dioxide gas through a dedicated pipeline from its ethanol fermentation process to Continental Carbonic. The company has committed to make a multi-million-dollar investment in the project and to create 60 new, full-time jobs over the next three years and retain 10 existing positions.“Pennsylvania Grain Processing is exactly the type of high quality, high integrity strategic partner we look for when we expand our business,” said John Funk, President of Continental Carbonic. “They have an outstanding record of operating their plant safely, reliably, and profitably. We also want to thank the Clearfield community and Commonwealth of Pennsylvania’s Governor’s Action Team, who have worked very hard to provide the economic framework to make this project successful and have welcomed us so warmly.”Continental Carbonic received a funding proposal from the Department of Community and Economic Development that includes a $60,000 Pennsylvania First program grant, $200,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs, and $27,000 in WEDnetPA funding for employee training. The company has also been encouraged to apply for a $3 million low-interest loan from the Pennsylvania Industrial Development Authority.The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania, in collaboration with Clearly Ahead Development.“We definitely thank Continental Carbonic for bringing this opportunity to us,” said Rob Swales, CEO of Clearly Ahead Development. “We’ll continue to work diligently and do what we can to help ensure this opportunity becomes a reality.”Continental Carbonic Products, Inc. (CCPI), a wholly owned subsidiary of Matheson Tri-Gas, is a leading producer of dry ice and liquid carbon dioxide. CCPI presently has eight dry ice manufacturing facilities and 32 distribution locations east of the Rocky Mountains.For more information on Continental Carbonic, visit www.continentalcarbonic.com.For more information about the Governor’s Action Team or DCED visit dced.pa.gov.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolfcenter_img Governor Wolf Announces Continental Carbonic Products, Inc. to Establish a New Manufacturing Facility in Clearfield Countylast_img read more

The most common deal breakers for home buyers

first_imgHouse number 13. Focus on the number.SOMETIMES it can be the smallest thing that turns a buyer off what would normally be considered their dream property.While a new study reveals plenty of buyers (78 per cent) would put up with not so desirable property features, there are some things that really turn buyers off.In Queensland if the suburb isn’t trendy enough 58 per cent of buyers wouldn’t purchase there.They also don’t like it (and really who does) if the area has an above-average crime rate with only 14 per cent. Areas with high crime rates put off many potential buyers.“Things that may be viewed as undesirable are now being viewed with a new perspective as house prices continue to climb,” she said.Ms Hassan buyers may have to make a conscious decision to tolerate things they normally wouldn’t have to enable them to get into the market.About nine per cent of respondents said they would put up with all of the above issues to get into the market. More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoAbout a quarter of respondents would be ok about living near a brothel.The survey of 2022 Australians by finder.com.au found that 55 per cent of buyers would be put off by an unlucky house number, such as 13.About a quarter of respondents said they would be prepared to live close to a brothel while a fifth would put up with living close to a noisy bar.The biggest deal breakers were bad smells and asbestos.Finder.com.au money expert Bessie Hassan, said with many markets becoming unaffordable buyers could find themselves forced to consider properties and locations with less desirable attributes.last_img read more

Major proxy adviser sues US regulator over guidance

first_imgIn a note about ISS’s lawsuit on its website, the Council of Institutional Investors (CII), a US asset owner organisation, said it had raised similar concerns in numerous letters to the SEC.The regulator is to meet next week to consider new rules on proxy voting advice and shareholder proposals. It says it is working to “facilitate constructive shareholder engagement and enhance transparency, improve disclosures and increase confidence in the proxy process”.Citing media reports, CII said the goal appeared to be a more management-friendly approach by proxy advisers, especially on executive pay. With regard to shareholder proposals, it said the SEC is expected to increase ownership and resubmission thresholds, “impeding new social and environmental proposals that might be raised in the future”. Institutional Shareholder Services (ISS), a major proxy advisory firm, has filed a lawsuit against the US Securities and Exchange Commission (SEC), which ISS argues recently issued unlawful guidance.The firm, whose services are used by many institutional investors, also contended that the SEC “inappropriately altered the regulatory regime applicable to the voting advice provided by proxy advisory firms”.In late August the SEC produced guidance stating the regulator’s view that proxy advisers were subject to anti-fraud rules relating to materially false or misleading statements.ISS president and CEO Gary Retelny said that after reviewing the guidance it was concerned the guidance would be “used or interpreted in a way that could impede our ability to deliver our data, research and analyses in an independent and timely manner”.last_img read more

Honoured Australian dance mentor puts acreage home on the market

first_imgThis home of Conroy Dance Centre founder Jan Conroy is now for sale.FOR her services to the performing arts in Queensland, dance mentor Jan Conroy received an Order of Australia.But her role as a mum and grandmother is her pride and joy, so when Mrs Conroy bought this two hectare property at 35 Oak River Rd, Draper less than a year ago, she had hopes of uniting her family here. An open fireplace in the lounge and granite benches and gas appliances in the kitchen.“I am going to miss that tranquillity, but I am going to be closer to family.“I hope a young family moves right in here to enjoy it.“I have loved it.” The media room also has access to an outdoor paved area.“It has the most beautiful kitchen and dining room, and a lounge that opens out on to a huge back patio and swimming pool and that overlooks all the pastures and the view of the river and the trees,” she said. The view over acreage from 35 Oak River Rd, Draper.In the dance of life, not everyone shares the same rhythm, so the plan has now changed and the family is moving closer to each other in Bridgeman Downs. Jan Conroy from Conroy Dance Studio after she received her OAM in 2015. Photo by Chris McCormack.“I had tears in my eyes when I put it on the market, but I am an elderly lady to live there by myself.“It is the most beautiful property with rolling paddocks for horses.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019The property is fully fenced and has been used to keep horses.“I’ve had my granddaughter’s horses there, and there is council parkland behind it and the South Pine River is behind that.”The five-bedroom residence is at the end of a 190m driveway, with grounds that include an inground pool and poolside terrace, and carparking for up to eight with a shed, garage and onsite parking. The pool is attached to the house with access via the kitchen, dining and living areas.The property is fully fenced and has a water tank and solar hot water system.Bedrooms and a large family room are upstairs, including the master suite with its own wraparound veranda as well as the ensuite and walk-in wardrobe.A media room and fifth bedroom are on the ground floor, with the tiled communal living areas with views to the pool. >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<<last_img read more

Trinity submits development plan for TGAL field offshore Trinidad

first_imgThe Final Investment Decision (FID) is being targeted for H1 2020, at which time the optimal mechanism for financing the development will have been determined and agreed between all stakeholders.Bruce Dingwall CBE, Executive Chairman of Trinity, commented: “The submission of the first phase FDP is a major milestone on the journey towards first oil from the TGAL area. Against the backdrop of falling black oil production in Trinidad, Trinity believes that this development would be a key enabler with respect to; direct and indirect local employment, to the generation of revenue and in the ultimate aim of maximizing reserves recovery for all stakeholders.”Dingwall added: “Much work still has to be done with the supply chain, Petrotrin, the MEEI and the Ministry of Finance to ensure that this project generates an appropriate rate of return for all stakeholders and to enable this important project to get to FID in the envisaged timeframe. ”He also said: “With increased visibility on the potential to deliver a step-change in offshore production, alongside a return to strong production growth onshore and a portfolio operating break-even of below US$30/bbl, we are excited about the future.” Independent E&P company Trinity Exploration & Production has submitted the first phase of its field development plan (FDP) for the TGAL Area, located on the Galeota Block, offshore Trinidad, to the Ministry of Energy and Energy Industries (MEEI). Galeota block map; Source: TrinityThis FDP is the first phase of a potential wider step-out development moving across the Galeota anticline to fully develop the reserves potential from the large volumes of oil in place (circa 700 mmbbls), Trinity said on Monday.According to the company, the first phase currently contemplates the installation of a low cost 10 well conductor supported platform, the installation of a new generation thermoplastic composite subsea export pipeline, the laying of a subsea power cable to provide offshore power and the drilling of horizontal production wells.“The development of these assets would underpin our medium-term onshore and offshore production target of over 7,500 bopd,” said Trinity.The TGAL development area is updip and on the same anticline as the producing Trintes field where Trinity holds a 100% working interest.The Petroleum Company of Trinidad and Tobago Limited (Petrotrin) has a Working Interest of 35% and Trinity, as the operator, has a 65% in the TGAL proposed development. FID in H1 2020last_img read more

Turf war between sex industry bosses

first_imgNZ Herald 1 Feb 2014Sex industry bosses battled each other in court this week as Calendar Girls owner Jacqui Le Prou tried to stop Wellington brothel kings the Chow brothers moving into Auckland. ..Allegations were made at a hearing into two liquor licence applications for premises in central Auckland before the city’s Alcohol Regulatory and Licensing Authority. One was to renew the licence for the brothers’ Gore St strip bar the Penthouse Club and adjoining brothel Galaxy Club. The other was for a new licence, combining separate temporary licences for their Karangahape Road strip bar Mermaids and adjoining brothel Splash Club.…The witnesses had plenty to say about their time working for the Chows, painting a picture of premises awash with alcohol where staff came second to customers – provided they kept buying booze. Women were attacked, staff got drunk just to get through their shifts and the Chow brothers either didn’t know or didn’t care,…The excessive intoxication of patrons was encouraged, clients were intentionally overcharged and sexual assaults against staff went unreported, the women alleged.…The drunk patrons were a constant danger to the women at the club, the witnesses alleged. A dancer told the hearing that intoxicated patrons would grab staff, inappropriately touch them and try to lick them. “Basically, people would try anything you can imagine in there.” When the women complained nothing would be done, she said. Another dancer said they would be sent back into the lap dancing rooms if they dared complain.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11195106last_img read more

Leelah Alcorn: Auckland march in support of trans teens

first_img3 News 10 January 2015Hundreds of Kiwis are expected to march today in support of a trans teen who took her own life after being told she would “never truly be a girl”.Supporters will march down Queen St in Auckland in memory of Leelah Alcorn, 17, who died late last year in Ohio.Prior to her death, Leelah wrote a suicide note and published it to her Tumblr blog. The note has since gained widespread media attention.Although the incident happened in the United States, Transgender Rights March organiser Eva Allan says New Zealand’s socially progressive society could lead the charge to see gender identity talk implemented in schools.“I couldn’t look at Leelah’s suicide note without thinking ‘I need to do something, I need to do whatever I can to make sure the such a tragedy doesn’t happen again’,” says Ms Allan.“Although Leelah was American, there are transgender people all over the world and all of us are at risk.http://www.3news.co.nz/nznews/leelah-alcorn-auckland-march-in-support-of-trans-teens-2015010916#axzz3OMtdt96Olast_img read more

Dillon F. Barker, age 23

first_imgA loving son, brother, grandson, uncle, cousin, and friend, Dillon Ferrel Barker, passed away in Harrison, Ohio on January 24, 2016 at the young age of 23. He was born on April 11, 1992 in Price, Utah the son of Clifton F. Barker Jr. and Bobbie LeRoy. Dillon graduated from Franklin County High School with the class of 2011. He was a free spirit who enjoyed working in many different fields. Being a traveler since he was 8 months old, Dillon lived in over 25 states and visited 36, even Mexico and Canada. He had a love for the mountains, camping, fishing,hunting and anything outdoors. While living in Indiana he helped his mom raise orphaned raccoons. They did this together for many years. Survivors include his loving parents, Clifton Ferrel Barker Jr., Bobbie LeRoy; His girlfriend, Jessika Wells; brother & sister-in-law, Clifton Lee (Sheena) Barker, nephew, Noah Barker; sister, Lindsay Dawn (Jamie Richey) Barker; grandparents, Ken and Bernice LeRoy, Pat and Maxine Green; his best friend, Andrew Meddel; his canine companion Seekers; as well as many aunts, uncles, cousins andfriends. He was preceded in death by his grandfather, Ferrel Barker; grandmother, MerleKingsley; and his aunt, Pepper Ray LeRoy. Dillon was caring and considerate of others. He would offer his help, asking nothing in return. He made sure everyone was smiling and laughing at all times. Dillon enjoyed spending most of his time with his best friend and companion Seek. They were joined at the hip and he loved his dog very much. Dillon had many goals and dreams in life; but being taken away to soon he was never able to complete them all! Family & friends may visit from 1:00 P.M. until 2:30 P.M. on Sunday, February 21, 2016 at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville. Rev. Curtis Bond will officiate the Memorial Service at 2:30 P.M. on Sunday, February 21, 2016 at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville. Memorial contributions may be directed to the charity of the Donor’s Choice. Phillips & Meyers Funeral Home is honored to serve the Barker Family, to sign the online guest book or send personal condolences please visit www.phillipsandmeyers.com .last_img read more

Friendship State Bank customers donate to charity

first_imgFRIENDSHIP, Ind. — Friendship State Bank customers who signed up for e-statements in January received the opportunity to donate to their favorite causes with a chance to win $250 for charity and $100 for themselves.“Get organized” topped the list of most popular 2017 resolutions.While many people clean out closets and unload boxes at local donation centers, The Friendship State Bank encouraged customers to cut the clutter with e-statements.Project T3 was one of the organizations selected by Friendship’s e-statement promotion winners.Another winner requested his $250 winnings go to assist a family with the funeral expenses of a friend.The final winner chose her winnings to go to the Animal Welfare Institute.last_img read more