3i reshuffle sends key partner out

first_img 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Thursday 16 September 2010 9:14 pm Share 3i reshuffle sends key partner out center_img PRIVATE equity giant 3i is to undergo a radical restructuring which has resulted in the departure of one of its star dealmakers. City A.M. confirmed last night that the London-based firm, as part of the restructuring, will combine its growth capital team, which buys small interests in companies, with its buy-out team, which takes up controlling stakes in companies. The firm is also moving towards a geographically based structure, marking a departure from its current configuration, which focuses on products. 3i’s restructuring is the biggest reshuffle since current chief executive Michael Queen took over from Philip Yea in 2009.But the overhaul has left a bitter taste in the mouth of the group’s heavy hitter, Jonathan Russell. Russell, who is one of Europe’s best known buy-out figures, is set to leave 3i after almost 25 years with the firm. He joined 3i in 1986 and became head of buy-outs in 1999.The team created by the newly combined capital and buy-out business in Europe will replace Russell. Show Comments ▼ whatsapp whatsapp Tags: NULLlast_img read more

Moody’s adds to euro woes

first_img whatsapp Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.com whatsapp Monday 27 September 2010 8:53 pm Moody’s adds to euro woes Show Comments ▼ CREDIT ratings agency Moody’s slashed its ratings on Anglo Irish Bank’s lower-grade debt yesterday, unnerving investors as Dublin tots up the final cost of rescuing a lender whose soured loans have crippled the country’s economy.Yields on 10-year government bonds increased to 430 points above the equivalent German securities as investors fretted over a writedown of debt.Moody’s cut the nationalised bank’s senior unsecured debt by three notches to Baa3 – just one notch above junk status — citing a small risk the government would not continue to support that class of debt, the agency said. It slashed Anglo Irish’s subordinated debt by six notches to Caa1.The steadily mounting scale of the bank’s rescue has put massive pressure on already strained public finances, propelling the former “Celtic Tiger” economy to the forefront of investor concerns about the sustainability of sovereign debt in the Eurozone.The government has previously indicated the bailout of Anglo Irish will cost around €25bn (£21.3bn), although Standard & Poor’s has estimated it could be as high as €35bn.Finance minister Brian Lenihan has said it is unthinkable that Ireland would default on senior debt but, in the absence of such assurances given on subordinated paper, analysts say those might face a buyback at well below par.“Anglo Irish is the millstone around our necks,” says Bill Blain, a fixed income trader at Matrix in London. Meanwhile, in another part of the fragile Eurozone area, the OECD recommended that Portugal swiftly consolidate public finances to restore investor confidence and stand ready to raise value-added and property taxes if necessary. The OECD warned that the country’s high sovereign debt spreads could put recovery at risk, and urged labour market reforms to boost competitiveness. “I am confident Portugal will weather this crisis,” OECD Secretary-General Angel Gurria said.The OECD’s warning came as the Financial Stability Board said yesterday that the global financial system remains vulnerable because of continuing fiscal tensions in developed economies and fragile banks, and warned that these risks could be amplified by weakening economic conditions. “The potential for adverse feedback loops between weak economies, fragile banking systems and fiscal strains remain significant,” it said. KCS-content Tags: NULLlast_img read more

What to look out for in today’s spending review

first_imgTuesday 19 October 2010 8:28 pm Tags: NULL What to look out for in today’s spending review Show Comments ▼ OVERALL CUTS • The chancellor is expected to announce real-terms cuts of 3.6 per cent to total public spending over four years. • Because of interest payments on Britain’s debt pile, that will equate to an average 14 per cent cut for individual departments.• Some departments, such as Health and Overseas Aid, have been ring-fenced, meaning their budgets won’t be cut. • That leaves other departments facing real-terms cuts of 25 per cent over four years.• But some departments such as Defence (which saw its budget cut by eight per cent yesterday) and Education will secure above-average settlements.• The remaining departments are therefore likely to cut their budgets by around 35 per cent in real terms over four years, although this will vary case-by-case. • Total spending in nominal or cash terms will continue to rise over the course of the parliament, from £696.8bn this year to £737.5bn by the end of the parliament in 2014-14.WELFARE• The chancellor could soften the pain of departmental cuts by making cuts to the welfare bill, something he did in his emergency Budget. • He has already announced plans to axe child benefit for higher rate taxpayers, saving around £1bn a year.• The Treasury has also refused to deny that it is planning to abolish child benefit for children over 16. • Other options, such as means-testing jobseekers’ allowance, are also under consideration.• The chancellor is more likely to take benefits away from those in households where at least one earner is on the higher 40 or 50 per cent rate of tax in a bid to prove the spending review is “fair”. CAPITAL SPENDING• Spending on capital projects like roads and transport is expected to fall from £68.7bn to £45bn in 2014-15, although the government could make less severe cuts in a bid to protect spending that will support growth. RE-PROFILING• There has been much talk of “re-profiling” the cuts, essentially delaying them until later in the parliament or until economic growth is stronger.• The Treasury has denied that it is planning to alter the pace of fiscal tightening, but has admitted there could be some “marginal” revisions due to the cost of redundancy payoffs and break fees on government contracts. • Key to this is the amount the chancellor hopes to cut spending by in 2011-12. In his June Budget he said he would achieve total cuts of £23bn in real-terms. A significantly lower number, alongside a higher target near the end of the parliament, would suggest he is putting off tough decisions. ? Share More From Our Partners Brave 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida 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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comcenter_img KCS-content 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp whatsapplast_img read more

Cairn halts its Arctic drilling

first_img Cairn halts its Arctic drilling 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 TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite 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 Farm Show Comments ▼ Share KCS-content Tuesday 26 October 2010 7:44 pm whatsappcenter_img whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Cairn Energy stopped drilling in Greenland before completing an oil well after Greenpeace protesters delayed work, potentially incurring millions of pounds in extra costs and hitting the explorer’s shares.The Edinburgh-based group yesterday said the Alpha-1S1 well in Baffin Bay did not reach the depth it was aiming for before it was forced to halt drilling by the ending of the narrow Arctic drilling season.Activists from environmental group Greenpeace had in August boarded the Stena Don rig which was drilling the well and halted work in the hope of stopping Cairn from reaching its objective before the end of the season.Shares in Cairn plunged 8.9 per cent to 382.5p in early trading, hitting their lowest level since the end of May and making the company the biggest faller in the benchmark FTSE 100 index.Cairn’s exploration campaign was the first drilling in a decade in Greenland, which energy consultancy Wood Mackenzie said could have reserves of 20bn barrels.Oil majors including Exxon Mobil Corp, Chevron Corp and Husky Energy are queuing up to drill in the Arctic territory but, invigorated by the BP oil spill, environmentalists have vowed to frustrate them. Tags: NULLlast_img read more

All steady as MPC decides to wait and see

first_imgWednesday 17 November 2010 8:09 pm KCS-content Show Comments ▼ All steady as MPC decides to wait and see More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyHero Wars This game will keep you up all night! Hero Wars Blood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workout whatsapp whatsapp INTEREST rate changes remain off the agenda after the majority of the Monetary Policy Committee (MPC) voted to continue their policy of “wait and see”, it was announced yesterday.The Bank of England’s interest rate setting body replicated last month’s meeting, with seven of the committee’s nine members voting against changes to either interest rates or levels of quantitative easing.A rate increase of 0.25 per cent was again suggested by Andrew Sentance, while Adam Posen continued to propose £50bn more in quantitative easing. Yet neither convinced any of the other members to support their opposing proposals.The minutes of the meeting, held on 3 and 4 November, concluded that “most members felt the balance of risks had not altered decisively” and that currently policy should be maintained.“Given the uncertainties surrounding the economic outlook it’s no surprise there’s now a three way split on the MPC” said George Buckley, UK?economist for Deutsche Bank. Tags: NULLlast_img read more

European bankers attack regulation “overkill”

first_img European bankers attack regulation “overkill” whatsapp Tags: NULL Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Friday 19 November 2010 6:39 amcenter_img European bankers are growing increasingly vocal in their opposition to what they view as regulatory overkill in response to the financial crisis.They have largely swallowed the new Basel III framework, which is designed to ensure lenders have enough capital to withstand future downturns. But there are signs of rebellion as global banking supervisors plot other ways to tighten the regulation of those blamed for exacerbating the crisis.Banks in Europe say too much red tape will prevent them from giving much-needed financing to companies, thereby killing off a nascent economic recovery.“We can cope with Basel III, but we don’t need the gold-plated rules that come on top right now,” Klaus-Peter Mueller, supervisory board chairman of Germany’s second-biggest lender Commerzbank said.Earlier this week, Deutsche Bank’s investment bank chief Anshu Jain accepted the industry shared some of the blame for the crisis. But he also stressed that investment banks provide crucial tools to help the economy and companies grow, including providing advice on credit risk, currency risk and commodity risks as well financing expansion.His boss Josef Ackermann was more forthright, saying the onus was now on regulators and politicians to ensure that momentum didn’t end up distorting competition or imperil a sustained economic recovery.“The G20 consensus on a coordinated crisis response is showing signs of weakening, as lawmakers increasingly feel the domestic political pressures and want to be seen as ‘doing something’. I regard these developments with concern,” Ackermann said this week.He said the competitiveness of the European financial market could be damaged by fragmented rule making.Central bankers are already working on a new round of bank stress tests in Europe, shortly after agreeing on Basel III capital requirements. This comes in addition to new rules on bonus payments and bank levies, causing some bankers to squirm.“Banks have to be doing business and not just fill in forms. There must be a right balance,” said Guido Ravoet, secretary general of the European Banking Federation. 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center whatsapp John Dunne Show Comments ▼last_img read more

IoD: coalition right on cuts

first_img Tags: NULL IoD: coalition right on cuts whatsapp CHANCELLOR George Osborne must not “wobble” on plans to reduce the deficit, the Institute of Directors (IoD) urged today.Cuts in government spending will not prevent strong, sustained economic growth, they said.And government job losses — currently estimated at 330,000 — will be far lower than the 600,000 cuts seen in the 1990s, the report states. Private sector employment is expected to increase by 1.5m by 2015. The Office for Budget Responsibility (OBR) expects this to “more than offset falling public sector employment.”During the fiscal squeeze of the 1990s the economy grew by an average of 3.5 per cent, the IoD report states.“Unless we regain control of public spending now, we could lose it for a generation,” warned the group’s chief economist Graeme Leach. Yet cuts in government departments’ budgets are harsher than previously seen and could harm the UK’s recovery, said Simon Kirby of the National Institute of Economic and Social Research (NIESR). “We all agree on the need for consolidation,” he said. “But it should only start once the economy can deal with it. This is why I am concerned about the cuts for next year.” KCS-content Share whatsapp Show Comments ▼ Thursday 2 December 2010 8:41 pm 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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comA 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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comlast_img read more

Helical raises £29m in ten per cent share placement

first_img PROPERTY investor and developer Helical Bar successfully raised £29m in a new share placement yesterday.The 10.73m shares sold equate to about ten per cent of the company’s total share capital and the sale is designed to help it fund unspecificed UK real estate opportunities. Helical’s broker JP Morgan Cazenove placed the shares at 270p each in an accelerated bookbuild following an initial announcement in the morning.The price was a slight discount on yesterday’s trading price of about 275p but above Helical’s 261p first-half net asset value on 30 September. An analyst who did not wish to be named said it was heartening to see the placement did not dilute NAV. He remained wary because a similar £28m placement last year was largely used to de-gear its balance sheet rather than seek new investment. Share KCS-content Helical raises £29m in ten per cent share placement Wednesday 8 December 2010 7:14 pm whatsapp Tags: NULL Show Comments ▼ Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapplast_img read more

Blackstone moves top executive to Asia

first_imgMonday 13 December 2010 3:10 pm Blackstone moves top executive to Asia 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap whatsapp BLACKSTONE Group has moved one of its most senior executives to Hong Kong to take the helm of its Asian private equity business to increase its focus on the high-growth region.Michael Chae, a senior managing director in Blackstone’s New York arm, will take up the newly-created position. Blackstone CEO Stephen Schwarzman said the move reflects Blackstone’s “growing commitment” to Asia.“The region is of strategic importance to us in terms of both the extraordinary investment opportunities and the critical role that Asian institutions are playing in our funds,” he said in a press release.Chae joined Blackstone in 1997 and has led its investments into firms including Nielsen, Michaels Stores, The Weather Channel Companies, and Hilton Hotels. He had previously worked at rival buyout firm Carlyle.He will take responsibility for Blackstone’s relationships with investors in the region.China Investment Corp, the country’s sovereign wealth fund, has about a 10 per cent stake in Blackstone.Blackstone has 157 employees in Asia, with offices in Hong Kong, Beijing, Shanghai, Tokyo and Mumbai, the company said.Blackstone has invested in companies in the region including Bluestar Chemical, Dili, eMobile and China Animal Healthcare, it said. It is also raising a Chinese renminbi-denominated private equity fund. Share Show Comments ▼center_img alison.lock 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 TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Tags: NULLlast_img read more

Mortgage approvals edge up

first_img Mortgage approvals edge up MORTGAGE approvals unexpectedly increased to their largest number in four months in November, the Bank of England revealed yesterday.The Bank also released data on the money supply, with its favoured measure increasing by 0.2 per cent on the previous month, and 3.5 per cent year-on-year in the three months to November.And after a fall in October, the number of loans for house purchases rose to 48,019 for the month.The number of loans for remortgaging shot up to 34,262, from 30,429 the previous month. The figures mirrored last month’s survey from the British Bankers’ Association (BBA) which showed far greater annual growth in mortgage lending in November (3.2 per cent) than in October (0.8 per cent).However, the slim rise is “nothing to write home about,” according to Hetal Mehta of Daiwa Capital.And consumer credit fell by £0.1bn in November, the Bank reported. Yet confidence in the economy improved in November, according to an IPSOS Mori survey that showed UK confidence rose by three per cent.“This is also an endorsement of the deficit reduction plan,” said Ashish Prashar of Ipsos MORI. “The public seem to be saying that dealing with this deficit is not an alternative to growth — the two go hand in hand.” whatsapp KCS-content Show Comments ▼ Share Tuesday 4 January 2011 7:37 pm More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Tags: NULLlast_img read more