first_img Tags: NULL Weather fears push up wheat Share whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory whatsappcenter_img Western European wheat markets extended gains yesterday as adverse crop weather in the southern hemisphere and harvest rain in Germany reinforced concerns about global supply in the wake of a severe drought in Russia.Benchmark European futures in Paris broke resistance levels to hit new three-week highs, while Germany’s cash market set a 28-month peak as relentless rain continued to threaten the quality of the new crop.Milling wheat futures on Euronext rose three per cent as technical momentum from the breaching of resistance added to support from weather concerns.Adverse growing weather in Australia and Argentina was adding to tension in world wheat markets. The two southern hemisphere exporters had been expected to help offset a shortfall in Russian supply. “These are two origins that are timed for the second half of the export campaign. If there are problems with them, where are we going to go and get wheat?” one trader said. November milling wheat was up €7 or 3.17 per cent at €227.50 a tonne. It earlier marked an intraday high of €229.25, the highest level since 6 August, as it moved closer to a contract high of €236 set on 5 August. Euronext re???mained underpinned by strong export activity as French milling wheat remained highly sought-after amid a Russian export freeze and a lack of quality in Germany’s rain-blighted harvest, which boosted premiums for milling-grade wheat.Traders cited interest from Moroccan buyers in the light of the suspension of the country’s import tariffs, while data from French ports showed loadings scheduled for a range of Middle Eastern destinations including Syria as well as a cargo due for Nigeria. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ Monday 30 August 2010 9:05 pmlast_img read more


first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 Tags: NULL Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Sharecenter_img KCS-content whatsapp Profit jumps by 78pc at Brooks Macdonald WEALTH manager Brooks Macdonald posted a 78 per cent jump in pre-tax profit for the year yesterday, prompting the Aim-listed firm to hike its dividend by 64 per cent to 9p. Brooks generated £35.1m in revenue in the year to 30 June, it said yesterday, and made a profit of £5.68m before tax. Its funds under management ballooned 57 per cent to £2.19bn, and the firm said all parts of its business grew last year. “Organic growth fuelled by office openings and new strategic alliances with professional introducers has been a key driver, but has been complemented by the acquisition of Lawrence House during the year and of Braemar Group post year end,” said chief executive Chris Macdonald yesterday. Total staff numbers have increased from 140 to more than 200, helping to push administrative costs up 57 per cent to £29.5m. Wednesday 15 September 2010 8:09 pmlast_img read more


first_img Show Comments ▼ KCS-content whatsapp DAVID MILES, the Bank of England’s rate setter, warned yesterday that UK inflation is uncomfortably high.“I am particularly concerned about inflationary pressures, since it is our job to keep the rate close to the two per cent target and it is uncomfortably above that at present,” said Miles yesterday.Miles said there still remained a “great deal of uncertainty” over whether spare capacity in the economy could help to alleviate inflationary pressures. His remarks come as figures yesterday showed that the Consumer Price Index has remained above three per cent for the sixth consecutive month. Inflation has continued to sit above the Bank’s two per cent target for almost a year.Meanwhile, bread, clothes and cereal prices have continued to rise during August. whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 Sharecenter_img Wednesday 15 September 2010 8:40 pm Tags: NULL 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayNoteabley25 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.com BoE rate setter says inflation is too high in UK last_img read more


first_img Show Comments ▼ WHO said nothing ever happens at political party conferences? It felt almost like another Budget day yesterday in Birmingham, with George Osborne announcing a radical, once in a generation welfare revolution. The plan is breathtaking in its ambition. The entire welfare system, with its dozens of overly complex benefits, will eventually be replaced by a single benefit; the myriad of work destroying incentives will be swept away, with a dramatic commitment to ensure that it will always pay for recipients to work. In parallel to this, shorter term changes are being imposed to save money: those who pay tax at 40 or 50 per cent will lose all their child benefit; the total amount of benefits a workless family can receive will be capped at around £500 per week, close to what an average family would earn from working.It makes no sense that better-off families pay lots of tax, and then get some of it back. It keeps taxes and spending high without helping anybody apart from those paid to administer this merry-go-round. So it is right, in principle, that child benefits be means-tested. The problem is that the actual reform outlined yesterday is unfair. Imagine your neighbour and his partner are making £43,000 each (a family total of £86,000) and have one child. They will keep their benefit, worth £1,000. Imagine that you are on £43,876, with a stay at home partner who doesn’t work and two children. You will lose your child benefits, worth £1,750. How is that just?Families with a stay at home parent are already discriminated against because the tax free allowance isn’t transferrable. To go back to our example, a couple relying on one earner on £86,000 pays far more direct tax than a couple relying on two earners on £43,000 each, who benefit from two separate zero-rated allowances. The change to child benefits will make this worse. What is really needed is family-based, not individual based, accounting.There is another major issue. Imagine this time that you are just below the 40 per cent tax rate. Your boss offers you a promotion and a pay rise of £1,000 – astonishingly, rather than celebrating, you will refuse. As the Institute of Fiscal Studies points out, a family with two children receives £1,750 a year in child benefit. A one-earner couple with two children with a gross income of £43,876-£46,850 would be worse off than if their income were £43,875. Crazy. A one-earner couple with an income of £43,875 would need a pay rise of £2,975 to ensure they were no worse off after paying direct tax and losing child benefit. This doesn’t make sense – especially given that Osborne wants to eradicate perverse anti-work incentives elsewhere in the system.Yesterday’s blunder is a shame given that the overall welfare plan is extremely promising. One of the greatest tragedies in this country is that 5.9m adults are stuck on out of work benefits, in many cases with no incentive to work. The coalition’s commitment to creating a system to help move the most deprived people in our society into employment is admirable. But all of this could be ruined by the way the cuts to child benefits have been designed. For the sake of the wider reform, Osborne must think again: the better off should lose their benefits, but in a way which preserves fairness and incentives. Let’s hope it is not too late. [email protected] Child benefit reform needs a rethink whatsapp Tags: NULL 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 Share Monday 4 October 2010 9:27 pmlast_img read more


first_img A GROUP of subordinate bondholders in Allied Irish, Anglo Irish and Bank of Ireland will lobby the Irish government to try to cap their losses.They have hired powerful US law firm Bingham McCutchen to represent their views to the government, although a source close to the group played down the threat of litigation last night.The government signaled last month that the restructuring of subordinated bank debt already being implemented by nationalised lender Anglo Irish – known as a “haircut” – could be replicated across the sector.The group says this could have an adverse affect on Irish bonds and slow the country’s recovery.One group member City A.M. the process is “out of control” and that the effect on capital markets could be “catastrophic”.The group is also worried new legislation being discussed in Europe to force bondholders to take a hit when banks are bailed out could be retrospectively applied to them.Finance minister Brian Lenihan announced that senior bondholders will not be forced to shoulder the cost of the Irish bailout. He said in his budget statement there “is a limit to burden sharing”. Bondholders lobby Ireland over haircuts Tuesday 7 December 2010 9:01 pm Show Comments ▼ 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 PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutecenter_img Share Tags: NULL whatsapp 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


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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com William Hill profit to come in at top of forecasts Share Wednesday 19 January 2011 3:29 am John Dunne 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrapcenter_img whatsapp William Hill, Britain’s biggest bookmaker, said full-year operating profit would be at the top end of expectations after a surge in demand for in-play betting underpinned a strong fourth quarter.William Hill, which has around 2,300 betting shops in Britain and Ireland, said on Wednesday it expected an operating profit of around £275m for its year to 28 December.Market expectations were in a £256-276m range, with the average at £264 million, according to a Thomson Reuters poll.“This is a strong performance and our online business and the gaming machines in our shops continued to see encouraging revenue growth during quarter four,” chief executive Ralph Topping said.William Hill Online grew net revenue 24 percent during the year. In sports betting, sales rose 57 per cent including growth of 114 per cent in in-play betting, which enables gamblers to bet on sporting events while they are going on.“Our continuing technological developments in what is a fast changing industry have underpinned growth and the doubling of our turnover from in-play this year demonstrates that customers are welcoming this innovations,” Topping said.William Hill said net revenue at its shops grew three per cent with a 13 per cent rise in gross win (total bets minus payouts) from its gambling machines offsetting a one per cent decline in over-the-counter (OTC) revenue.Investec reiterated its ‘buy’ recommendation. Show Comments ▼ whatsapp Tags: NULLlast_img read more


first_img Share Floods drag Xstrata coal figures down whatsapp Tags: NULL More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp Tuesday 1 February 2011 8:39 pmcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution KCS-content Show Comments ▼ MINER Xstrata said coal production fell six per cent in 2010 with thermal coal output affected by severe weather in the first quarter and in December.Total consolidated coal production fell to 79.9m tonnes even as the Anglo-Swiss miner posted annual production records for coking coal and semi-soft coking coal.The production report did not include any comments on the miner’s current operations in Queensland after the Australian state was hit by severe flooding this month. Xstrata has coal, copper and zinc operations in Queensland.Total mined copper production climbed 0.7 per cent to 913,500 tonnes even amid challenging operating conditions at some of its South American operations.Coal and copper are Xstrata’s most profitable products. The Anglo-Swiss miner is expected to post around a 90 per cent surge in full-year net profit to $5.23bn (£3.3bn), when it reports its results on 8 February. last_img read more


first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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’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 Wrap KCS-content whatsapp Show Comments ▼ 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Sharecenter_img whatsapp TELECOMS group Cable & Wireless Worldwide (CWW) said contract wins from UK businesses and the government were keeping it on track for the year.The company, which focuses on large enterprise customers, said yesterday it was continuing to make progress in the second half of its financial year. CWW was one of a number of IT and communications suppliers asked to make savings in contracts with the UK government last year. It signed a £10m deal with the Department for International Development in November. CWW contract wins reassure Thursday 17 February 2011 8:26 pm Tags: NULLlast_img read more


first_img Share Tags: NULL Show Comments ▼ whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content BP’S RUSSIAN partners ramped up their dispute over the firm’s Arctic exploration plans yesterday after a TNK-BP board meeting at the weekend failed to reach a compromise. TNK-BP, a 50:50 joint venture between BP and the Russian AAR consortium, criticised BP-nominated directors’ conduct during Saturday’s meeting in Paris as “not representative of constructive and reasonable behaviour” after they voted down a plan for TNK-BP to join a £10bn share swap and exploration deal with Rosneft, the Russian state-owned oil producer. TNK-BP management criticised BP for “misleading and inaccurate statements”. “To date, BP has made no effort to rectify the situation created by its attempt to enter into a strategic alliance with one of TNK-BP’s main competitors, Rosneft,” the firm said in a statement on both the TNK-BP and AAR websites. BP had said it “remains committed” to finding a “business like resolution”.Rosneft warned it “will undertake all measures to defend the rights of its shareholders, with all the resulting consequences”.An arbitration tribunal is expected to report its decision within a few weeks. AAR has a temporary injunction halting progress on BP and Rosneft’s deal. Sunday 13 March 2011 10:55 pm TNK-BP hits out at BP after Rosneft compromise flops last_img read more


first_img 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 AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Show Comments ▼ alison.lock Markets around the world have been battered by fears for Japan after its key Nikkei index fell more than ten per cent last night.Fears of a nuclear meltdown in Japan, where another explosion yesterday sent airborne radioactive waste, were combined with worries that the catastrophe would hit its vital car and electronics manufacturing industries and may plunge the economy back into recession.The FTSE closed at a 15-week low, down 1.4 per cent at 5,695.28, while Germany’s DAX index lost 3.2 per cent to end at 6,648 and France’s CAC 40 closed down 2.5 per cent at 3,781.“It is fair to say there was a degree of panic selling driving markets this morning after the Nikkei’s staggering ten per cent drop,” IG Index sales trader Will Hedden said. “Sentiment around the world is likely to remain extremely fragile in the days ahead.”Miners bore the brunt of the sell-off, though traders did see upside for the sector longer-term given its lacklustre start to the year and the need for Japan to rebuild.Miner Fresnillo was a target, down 4.4 per cent at 1,433p, on fears that Japan’s industrial base would be hurt, while Eurasian Natural Resources Corp, Lonmin and Antofagasta also lost ground.Uranium miners were also targeted as world demand for nuclear power plummeted due to the crisis. Kalahari Minerals shed 11.6 per cent on concerns over the future of the global nuclear power plant construction programme after the events in Japan.Nuclear power-related companies also fell. “Utility stocks, especially those connected to the nuclear industry have been heavily sold, with German company Eon and French energy company EDF falling heavily after German chancellor Angela Merkel announced the shutdown of seven pre-1980 German nuclear plants for safety checks,” said CMC Markets analyst Michael Hewson.Luxury goods’ companies were among other major fallers with Burberry down 1.2 per cent, as investors sold the stock on concerns over Japanese demand for its goods.And investors bought into haven investments such as government bonds.“Commodity prices have dropped across the board as investors rotate capital into safer haven areas in scenes reminiscent of 2008, as both commodities and equities fall simultaneously,” Hewson said.US stocks also opened low on the news from Japan, but revived to close just one per cent lower after the Federal Reserve put out an upbeat view of the economy.The market also responded to growing sentiment that Japan’s nuclear crisis would only temporarily depress shares, with some traders calling the selloffs “overdone”.Equities nearly halved their losses after the Fed stuck with its ultra-loose monetary policy and said the economy was gaining traction.The Dow Jones industrial average ended down 137.74 points, or 1.15 per cent, at 11,855.42; the S&P 500 was down 14.52 points, or 1.12 per cent, at 1,281.87; and the Nasdaq Composite Index was down 33.64 points, or 1.25 per cent, at 2,667.33. whatsapp Tuesday 15 March 2011 5:23 pm Share whatsapp FTSE closes at 15-week low on Japan fears Tags: NULLlast_img read more

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