Brexit would cause no major disruption to asset managers – Moody’s

first_imgA UK exit, or Brexit, from the European Union would pose little threat to asset managers’ creditworthiness and have minimal impact on the management of institutional assets, according to Moody’s.The ratings agency said there would be no immediate changes to asset managers’ operations in the event of a vote to leave because the UK would have two years to renegotiate its terms of trading and dealing with the EU.It said the operational and business impact for most managers it rates would be manageable.UK managers will lose management and marketing passporting rights because they would become “third-country firms”, but Moody’s does not expect this to have “profound implications for the asset management industry overall”. This is for several reasons, including that many UK groups operate in Continental Europe through subsidiaries, and vice versa for Continental European managers.Financial market volatility resulting from Brexit, however, will weigh on asset managers’ profitability.Neither will Brexit have much impact on the management of institutional assets, according to Moody’s.It noted that the Markets in Financial Instruments Directive (MiFID) applies in the EU with respect to institutional clients’ private placements or segregated accounts.It said it expected the UK, if it left the EU, would “meet the equivalence test and be able to continue servicing institutional investors in the EU”.Moody’s also noted that any asset-manager services provided “at the exclusive initiative” of institutional investors have no prerequisite requirements.If the UK, however, decides to depart from EU regulation and not implement the revised MiFID, then “servicing EU clients from the UK would become more difficult”.This is not Moody’s main scenario, it said.last_img read more

Trump Proposes Massive Hike on Chinese Tariffs

first_imgThe U.S. President, Donald Trump, is increasing the pressure on China to reach a trade agreement with his plan to increase existing tariffs and targeting billions of additional goods.The move has increased tensions in trade talks between the world’s two largest economies. Just last week, the U.S. President said the officials were making progress on the deal, only to now reveal that discussions with China continue, “but too slowly, as they attempt to renegotiate”.According to a social media update on May 5, Trump would increase the earlier set 10% tariffs on USD 200 billion worth of Chinese goods to 25% as of Friday. This would reverse the decision to deep the tariffs at 10% made in February 2019 after the two sides made progress on the deal.Additionally, Trump would target a further USD 325 billion of Chinese goods “shortly” with 25% tariffs.After their meeting in Beijing last week, Chinese and U.S. officials are scheduled to meet again in Washington on May 8, Reuters said, adding that the new tariffs would depend on these talks.World Maritime News Stafflast_img read more

Speaker Pelosi: We Want to Work With Trump on USMCA, Infrastructure and Drug Prices

first_imgAt the same time Democrats are targeting President Trump with an impeachment inquiry, House Speaker Nancy Pelosi announced thatthey also want to work with the president to get some important things done for the American people.Pelosi says that democrats want to work with President Trump on the USMCA trade deal between the U.S., Mexico and Canada.Also, she says she wants to pass an infrastructure bill and work on lowering the cost of prescription drugs.Pelosi called the impeachment inquiry necessary to uphold the constitution.last_img read more

Former India Opener Gautam Gambhir Lashes out at Shahid Afridi

first_imgNew Delhi: Former India opener Gautam Gambhir has slammed ex-Pakistan captain Shahid Afridi after the latter said that he will soon visit the Line of Control (LoC) to “express solidarity with our Kashmiri brethren” following the government’s decision to abrogate Article 370 which granted special status to Jammu and Kashmir.The cricketer-turned-politician took to twitter and said: “Guys, in this picture Shahid Afridi is asking Shahid Afridi that what should Shahid Afridi do next to embarrass Shahid Afridi so that’s it’s proven beyond all doubts that Shahid Afridi has refused to mature!!! Am ordering online kindergarten tutorials for help.”After Pakistan Prime Minister Imran Khan had announced that a 30-minute event will take place every week in his country to show solidarity with the Kashmiri people, Afridi jumped in to support the call and said that he would be at Mazar-e-Quaid (the tomb of Pakistan founder Muhammad Ali Jinnah) in Karachi at 12 noon on Friday.“Let’s respond to PM call for Kashmir Hour as a nation. I will be at Mazar e Quaid at 12 pm on Friday. Join me to express solidarity with our Kashmiri brethren. On 6 Sep I will visit home of a Shaheed. I will soon be visiting LoC (sic),” Afridi tweeted.Afridi had earlier called for intervention by the United Nations and the US after the revocation of Article 370.Former Pakistan skipper Javed Miandad had also said that he will visit the LoC with other sportspersons who were willing to join him. Miandad said that he will hoist a flag for peace at the LoC. (IANS)Also Read: Jammu and Kashmir: Shahid Afridi for UN Intervention, Gautam Gambhir Reminds of PoKAlso Watch: Watch Video | Fan of Zubeen Garg washes his feet during a promotion show in Assamlast_img read more

Four Badgers up for Patty Kazmaier Award

first_imgDuggan (7) and goaltender Jessie Vetter are two of the four Badgers nominated for women\’s hockey most prestigious award.[/media-credit]In most scenarios, four out of 43 aren’t very good odds.It’s an atrocious batting average, an abominable test score. However, when that number represents the proportion of University of Wisconsin women’s hockey players named as finalists for the award given to the most outstanding women’s collegiate hockey player, it’s pretty darn impressive.Last week, when the USA Hockey Foundation announced the list of nominees for the Patty Kazmaier Memorial Award, an incredible four Badgers — senior forward Erika Lawler, senior goaltender Jessie Vetter, junior forward Meghan Duggan and sophomore forward Hilary Knight — made the cut.“It’s unbelievable,” said Duggan, who this season moved into the UW’s top five lists for both goals and points. “I don’t know what other teams are putting up, but I think it’s a real honor for our team. I think it just shows the strength of our program and some of the players that are on it.”The Patty Kaz Award, as it is commonly referred to, is issued annually to the nation’s best Division I women’s college hockey player. The namesake of the award was an All-Ivy League defenseman for Princeton from 1981 to 1986 who helped the Tigers to three consecutive Ivy League titles. At the age of 28, Kazmaier-Sandt tragically passed away after a prolonged struggle with a rare blood disease.To have four players from a single team who have distinguished themselves as among the nation’s best is special, but it is even more remarkable considering the East Coast dominated history of the award. Only twice — in 2005, and in 2006, when Badger great Sara Bauer won it — has the award gone to a player from the WCHA. Vetter said the uneven distribution is attributable to the team depth in the Midwest.“Especially with our team, and with Minnesota and Duluth, you have so many players with big numbers that no one really stands out,” Vetter said. “And it may be the case out East, where you have that one player who stands out so much from their team. But definitely here, in the WCHA, you have people that stand out, but there’s obviously several people surrounding them.”In addition to battling history, the four UW finalists will once again be measured against a slew of talented candidates from the East, as well as some from their own conference. Included in the other 39 finalists are reigning Patty Kazmaier winner, Sarah Vaillancourt (Harvard), two-time top three finalist Meghan Agosta (Mercyhurst), 2008 top ten finisher Melissa Boal (Wayne State College), and four Minnesota Gophers.Although the competition is stiff, each Badger makes a strong individual case. Duggan, a first team all-WCHA performer last year, has scored 18 goals, has assisted on 24 others and has been a crucial asset to the nation’s best power play unit. Lawler, the team captain, is in the midst of capping an illustrious career with career highs in points and assists — a stat she leads the country in. With 38 assists and 51 points, Lawler has moved into second on the all-time UW assist chart, and currently stands third in points.Only a sophomore, Knight has produced the third-most prolific scoring season in Badger history. Her 37 goals lead the nation, and she has already cracked the UW top five in career goals. According to head coach Mark Johnson, Knight’s season is a direct result of off-season dedication.“What she did over the summer, she’s reaping those benefits,” Johnson said. “She really worked hard conditioning, strength, really honing in on becoming a better athlete. … You give her the credit because she’s the one that worked to put herself in that position, and it’s nice to see her have success.”Lastly, there’s Vetter, who earlier this season established a new mark for UW career victories and who is one shutout short of tying the NCAA record for a single season. She already owns the career shutout record. Unfortunately for the senior from Cottage Grove, only one goaltender — Ali Brewer (Brown University), a Racine native — has won the Patty Kazmaier.“I guess you’ve got to put up big numbers to give yourself a chance, and that’s difficult to do throughout the entire season,” Vetter said. “I talked to the one that did win it — Ali — and she was definitely well-deserving of it. And if they think a goaltender is [deserving] again, then we’ll see what happens.”Ultimately, though, while the individual recognition is nice, Lawler emphasized without the team, none of their nominations would be possible.“It’s definitely a huge honor to be nominated for such an award that represents so many great aspects of a college hockey player,” she said. “But at the same time, it’s hard to think about things like that when your team comes first. … I know all of us are just very well supported by all of our teammates and definitely couldn’t have been nominated if it weren’t for the squad we have behind us.”last_img read more

Professor nominated for fiction award

first_imgViet Thanh Nguyen, an associate professor of English and American studies and ethnicity, was nominated earlier this month as one of five finalists for the 2016 PEN/Faulkner Award for Fiction for his debut novel, The Sympathizer.According to the press release of the PEN/Faulkner Award, nearly 500 novels and short story collections written by American authors published in the United States in the 2015 calendar year have been reviewed by a panel of judges. The five finalists include Nguyen, Elizabeth Tallent, James Hannaham, Julie Iromuanya and Luis Alberto Urrea. The final winner will be announced on April 5.The Sympathizer is a novel narrated by a half-French, half-Vietnamese communist spy in the South Vietnamese army, who eventually flees to the United States before the fall of Saigon. He is forced to confront the limitations of his beliefs upon his arrival.“I really wanted to use that type of a narrator and that type of a setup — someone who feels that he is caught between different worlds and between different ideologies,” Nguyen said.His personal background shaped his literary focus. He and his family came to the United States in 1975 as refugees because of the Vietnam War.“Our family was separated from each other, sent to different sponsors. So at 4 years old, I was sent to live with a white family by myself,” Nguyen said. “That was the beginning of the consciousness and memory for me and that always imprinted itself on me.”According to Nguyen, he initially wrote the book for himself because he wanted to have a say in the world. To him, books and movies about the Vietnam War lacked the element he looked for.“There was a significant absence of something I wanted to say that hadn’t been said before. So, therefore, I was writing for myself,” Nguyen said. “But I also have to believe that, in doing that, I would find some like-minded readers who are also like me. That was an act of faith to try to reach out to those people, too.”After his successful debut, he started working on his second book, Nothing Ever Dies: Vietnam and the Memory of War, which will be officially released in April.“This is fictional and scholarly bookends of a project about how we remember war and how we confront our own inhumanity,” Nguyen said. “The concerns I had as an undergraduate and a graduate student, thinking both about literature and culture on one end and ethnic studies or race on the other, have motivated me for most of my professional career.”Nguyen also talked about the importance of the class he teaches. He has taught “American Studies 150: The American War in Vietnam” five times to classes of 150 to 200 students.“I was able to write that book as a story because I was trying to tell my students a story about what the Vietnam War means and the challenges of memory,” Nguyen said. “It was really important to me as a teacher to incorporate what I was thinking about as a scholar and as a writer into my class. Teaching that class was really important to me to write these two books.”Nguyen expressed his emotions after achieving the accomplishments with his debut novel.“The book has been reviewed almost completely positively in the press, and that is gratifying, of course,” Nguyen said. “But I am someone who spent many years working as a critic and as a writer, and I tend to take all of that with a big grain of salt. It is great to get all the accolades and prizes, but all of that is less important than the act of writing itself.”He shared how he currently feels about being nominated along with other writers.“One of interesting facts for being nominated for prizes is just recognizing how talented other writers are — their accomplishments, the books and how powerful their works are,” Nguyen said. “To be in the company of these other writers in the PEN/Faulkner is really an honor because many of them have significant track records and publications I don’t have.”last_img read more

Anthony Joshua’s massive jab on Andy Ruiz Jr had already been predicted by ‘The Simpsons’

first_img SUBSCRIBE TO US First Published: 12th December, 2019 00:07 IST COMMENT Written By Last Updated: 12th December, 2019 00:07 IST Anthony Joshua’s Massive Jab On Andy Ruiz Jr Had Already Been Predicted By ‘The Simpsons’ Anthony Joshua jab on Andy Ruiz Jr had been predicted by the animated series The Simpsons over 23 years before the rematch took place The Simpsons even predicted Andy Ruiz Jr vs Anthony Joshua II 🤯 pic.twitter.com/RWqskuNxSM— Jordan Coombe (@Jordan_Coombe) December 7, 2019 Water No Get Enemy 🤛🏾 pic.twitter.com/mdBMDfNMac— Anthony Joshua (@anthonyfjoshua) December 10, 2019 LIVE TV Also Read | Anthony Joshua Hints At Brutal Plan For Andy Ruiz Jr, Promises Trilogy FightThe Simpsons is one of the highly successful American animated sitcoms. And for those unaware, The Simpsons already has a track record of predicting future events well in advance. The series had also predicted that Donald Trump would become US President. Also Read | Anthony Joshua Ready To Fight Deontay Wilder And Tyson Fury After Defeating Andy Ruiz Jr Danish Ansari WATCH US LIVE Anthony Joshua delivered one of the best performances of his career in the highly-anticipated bought at ‘Clash on the Dunes’. He defeated Andy Ruiz Jr to reclaim his heavyweight titles in Saudi Arabia on Saturday night. The Brit, who was heading into the fight with pressure on his shoulders, became a two-time heavyweight champ as he picked up a unanimous points victory over his Mexican counterpart. Before finally edging his way to a win, Anthony Joshua managed to cut the Mexican above the eye within the first round of the fight. Joshua also landed a few shots which left his opponent dodgy.Also Read | Andy Ruiz Jr Net Worth, Salary And Money From Fight Against Anthony JoshuaThe Simpsons predicted the outcome of Andy Ruiz Jr vs Anthony Joshua 2Anthony Joshua shared a still from their fight which sees AJ land a massive right hand as his opponent’s face crumples. After he posted the picture, many fans on social media believed that it resembles an episode of The Simpsons which aired over 23 years ago. Looking at the picture, it appears that The Simpsons had already predicted that Joshua would be too strong for Ruiz in their rematch fight. This is the picture that Anthony Joshua shared through his social media handles. Accompanying the picture, the champion simply wrote, “Water No Get Enemy.”Also Read | Andy Ruiz Jr Vs Anthony Joshua 2: Will Excess Weight Cost Andy Ruiz Jr The Fight? FOLLOW USlast_img read more

WVU safety Martin to sit out season, cites health issues

first_img WATCH US LIVE LIVE TV COMMENT West Virginia safety Kerry Martin is opting out of the upcoming college football season due to health concerns.The sophomore made the announcement Wednesday on Twitter, saying he has sickle cell anemia and asthma and that he does not feel safe to play during the coronavirus pandemic.Martin said he came to West Virginia “to become a great football player and leave as a better man as well as having a better understanding about life, and to pursue my professional dream, but not to play during a worldwide pandemic.”He also said “we don’t feel that my body matches my mental state to play the game.”Martin said he plans to return next season as “a much more dynamic player.”Last month, West Virginia parted ways with defensive coordinator Vic Koenning after Martin alleged the coach made a series of insensitive remarks, including against Hispanics.Image credits: AP Written By First Published: 6th August, 2020 07:17 ISTcenter_img SUBSCRIBE TO US Associated Press Television News Last Updated: 6th August, 2020 07:18 IST WVU Safety Martin To Sit Out Season, Cites Health Issues The sophomore made the announcement Wednesday on Twitter, saying he has sickle cell anemia and asthma and that he does not feel safe to play during the coronavirus pandemic FOLLOW USlast_img read more

Bookmark Saturday’s return of book fest in downtown Alpena

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, Mich. – The Alpena Book Festival returns this month with an added plot twist. Book lovers will no longer have to choose between two reading sessions occurring simultaneously. Each event will be in its own time slot.Anyone can head to the downtown this weekend at the Alpena County Library October 13 for this free event.Organizers downsized the number of featured guests to provide a more intimate environment this year.“We’re making it a progressive festival this year,” said assistant library director Jessica Luther,  “we’ll be starting here at the library at 10 with a session with a local teacher, writer, Chanda Stafford, talking about National Writing Novel Month which happens during the month of November. She’ll be giving a presentation for people who are a little bit interested, who have been kicking around the idea of writing a novel.”Blue Phoenix Books, and Olivet Book and Gift will join in on the festival.Special tote bags filled with advanced readers copy books will be on sale for the low cost of $15.All proceeds benefit the READ adult literacy program at the library.Complete schedule available belowAlpena County George N, Fletcher Public Library10:00 AM – All About NaNoWriMo with Chanda Stafford 11:00 AM – True Crime is Having a Moment with Mardi Jo LinkBlue Phoenix Books1:00 PM -Author Readings 2:00 PM – Panel Discussion- Why I WriteOlivet Book and Gift3:00 PM – Panel Discussion- When You’re a Michigan Writer 4:00 PM – Author ReadingsPhoenix Books and Olivet Book and Gift5:00 PM – Book sales and Signings at BlueThose interested in more information can visit the Festival’s website here or Facebook page. AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Besser Museum upholds Native American history on Columbus DayNext What’s Trending on October 9last_img read more

New sentencing set for ‘The Bachelor’ star in Iowa crash

first_imgINDEPENDENCE, Iowa (AP) — A new sentencing date has been set for former “The Bachelor” star Chris Soules for leaving the scene of a fatal 2017 accident.The Des Moines Register reports Soules will be sentenced on Aug. 27 at the Buchanan County Courthouse in Independence, Iowa.A judge last week delayed sentencing after striking letters written by the deceased driver’s family. The judge agreed that family members couldn’t be considered victims because Soules wasn’t convicted of causing the death of 66-year-old Kenny Mosher.Soules was arrested after he rear-ended a tractor in April 2017. Soules called 911, performed CPR on Mosher and waited for first responders, but he left the scene before officers arrived.The 37-year-old former reality TV star pleaded guilty on Nov. 13 to a reduced charge of leaving the scene of a serious injury accident.Soules appeared on “The Bachelor” and “Dancing With The Stars” in 2015.last_img read more