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2015 Harvey Norman NYC Information

first_imgPlease find attached the Conditions of Entry (COE) and other important information regarding the 2015 Harvey Norman National Youth Championships (NYC).The 2015 Harvey Norman NYC will be held from Wednesday, 16 September until Saturday, 19 September 2015 at Sunshine Coast Stadium on the Sunshine Coast (QLD). For full event information, please download the attached memorandum and COE.If you have any questions please contact Tim Wyld at Touch Football Australia on (02) 6212 2800 or [email protected]  Related Files2015_harvey_norman_national_youth_championships_memo-pdf2015_nyc_conditions_of_entry-pdfRelated LinksNYC Informationlast_img

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a month agoWilfried Zaha hits out at Crystal Palace teammates

first_imgWilfried Zaha hits out at Crystal Palace teammatesby Paul Vegasa month agoSend to a friendShare the loveWilfried Zaha has hit out at his Crystal Palace teammates over their poor start to the season.A 4-0 defeat away to Tottenham in their last match suggested there is still much room for improvement.And Zaha told HLTCO: “As much as I do on the pitch, I can’t play in every position.”I give 100 per cent, but there are 11 on the pitch and everyone needs to pull their weight.”As for the transfer speculation during the close-season, the Ivory Coast international added: “What happened in the summer happened… there were things I was told that did not happen and I was not happy about it. But I’m still a Palace player and want to do well for the club.”The fans care about your wellbeing and I will always love Palace – whatever happens.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

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19 days agoReal Madrid midfielder Hazard delighted to score in victory over Granada

first_imgReal Madrid midfielder Hazard delighted to score in victory over Granadaby Carlos Volcano19 days agoSend to a friendShare the loveReal Madrid midfielder Eden Hazard was delighted score in victory over Granada.It marked his first goal for the club. He said, “I am pleased with the win, when you play you want to score, but the crucial thing was getting the win. We are still top of the league, that was our aim today.”It’s always difficult to get that first goal but once you get it, you have greater confidence to shoot and I hope to score lots of goals for this great club. It was important for me to score today. It was a really hard-fought win because Granada played really well, they’re a strong side and that’s why they’re second in LaLiga, but we gave our all throughout the 90 minutes and won the game. There’s always room for improvement but that’s three important points.” About the authorCarlos VolcanoShare the loveHave your saylast_img read more

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CSSC Shipping to Raise USD 277 Mn through Hong Kong IPO

first_imgzoomSource: Pixabay under CC0 Creative Commons license CSSC (Hong Kong) Shipping is looking to raise up to HKD 2.18 billion (USD 277.7 million) through an initial public offering (IPO) on the Hong Kong Stock Exchange.The shipowning arm of state-owned China State Shipbuilding Corporation (CSSC) said it will issue 1.534 billion new shares.According to the company’s filing, the shares are expected to be priced at HKD 1.34 – HKD 1.42 per share. The final price would be confirmed in early June.CSSC (Hong Kong) Shipping added that 90% of the shares would be offered globally, while the remaining 10% would be a Hong Kong public offering.The company would reportedly use the proceeds from the offering to finance the acquisition of up to 37 vessels, sale and leaseback projects, as well as for general corporate purposes.World Maritime News Stafflast_img read more

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European Central Bank keeps stimulus measures on track

first_imgFRANKFURT – With the eurozone economy showing strong growth, the European Central Bank left its interest rates and stimulus measures unchanged Thursday as it looks ahead to the delicate matter of ending its bond-purchase program next year.The Bank of England also left its key rate unchanged at 0.5 per cent amid uncertainty about how Britain’s departure from the European Union, expected in March, 2019, will affect the economy.Together, Thursday’s decisions show how the eurozone and Britain are moving more slowly than the U.S. Federal Reserve as the world’s leading central banks start to gingerly withdraw the massive stimulus measures they deployed against the 2007-2009 financial crisis and the subsequent Great Recession.The Fed on Wednesday raised its benchmark federal funds rate by a quarter-point to 1.25-1.50 per cent and signalled that three more hikes could come next year. The Fed is also withdrawing some of the stimulus from its years of bond purchases by letting some of its holdings run down.Growth has been robust in the U.S. and stronger than expected in Europe, but the stimulus withdrawal has moved slowly. That’s because inflation in Europe and the U.S. remains lower than many would like. And central bankers are leery of startling financial markets that have been supported for years by the steady introduction of newly printed money into the financial system through bond purchases.The ECB has tried to reassure markets that its stimulus efforts will be withdrawn slowly so as not to disrupt the economic recovery that saw the economy in the 19 countries that use the euro expand 2.6 per cent in the third quarter from the year before.The bank’s 25-member governing council left its key benchmark for lending to banks unchanged at zero. The rate on deposits it takes from commercial banks remained at minus 0.4 per cent. That negative rate is a penalty imposed to push banks to lend the money, not let it pile up at the ECB. The bank decided in October to reduce its extraordinary monetary stimulus in the form of regular purchases of government and corporate bonds to 30 billion euros ($35 billion) a month from 60 billion euros from January, and to extend them at least until September, or longer if necessary.The bank raised its forecasts for inflation and growth as Draghi expressed “increasing confidence” that inflation will eventually turn up toward the goal of close to but below 2 per cent, the rate considered best for the economy.The bank raised its prediction for growth next year to 2.3 per cent from 1.8 per cent in the last set of forecasts issued in September. The inflation forecast was raised to 1.4 per cent next year from 1.2 per cent previously.But the projection for 2020 was somewhat low, at 1.7 per cent. Draghi was pressed by journalists about whether he thought that would fulfil the ECB’s mission to bring inflation back to target, as it supports the possibility that the ECB might have to extend the duration of the bond-buying stimulus program. He said only that the figure “goes in the right direction.”The ECB is trying to reassure markets that the stimulus will only be withdrawn slowly. Its statements include a promise that interests rates will not rise until “well past” the end of the bond purchases. That would mean that the extraordinarily low benchmarks would remain in place until well into 2019.Rock-bottom rates and the bond-buying stimulus have meant unusually low market interest rates for government and corporate borrowers. A 10-year German government bond yields around 0.33 per cent, compared with 2.38 per cent for the equivalent U.S. Treasurys. That has made it easier for companies to borrow affordably, and taken pressure off government finances.On the other side of the ledger, the low rate environment has meant paltry or nonexistent returns for savers on conservative holdings such as bank deposits. Low rates have also squeezed bank profits by compressing the difference between their lending and borrowing rates. And the zero rate interest rate policy has also raised concerns that it may be driving unsustainable increases, or bubbles, in some asset classes, as investors take more risks to hunt for yield. So far, stock markets have shrugged off the stimulus withdrawal; major stock indexes such as Germanys’ DAX and the U.S. Dow and Standard & Poor’s 500 have hit record highs this year.The ECB warned Nov. 29 that a key hazard for the economy in the months ahead is the “risk of a rapid repricing in global markets.”last_img read more

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P2P lending ensure safer investments with stricter norms under RBI guidelines

first_imgDuring the initial phase, since there was no regulation, the sector lacked credibility and trust by lenders as well as borrowers. Even then, the sector did well as on one side there was a lot of demand for credit from borrowers who did not get credit from banks and NBFCs. And, on the other side, there were lenders/investors that were looking for investment opportunities to deploy their surplus funds to earn better returns. The RBI Regulations have put in a lot of checks and balances to protect the interests of all stakeholders. Some of the Regulations that are helpful for lenders include: Also Read – An income drop can harm brain Eligibility Criteria As per RBI Regulations, no NBFC-P2P can commence or carry out P2P Lending business without obtaining the Certificate of Registration (CoR) from the RBI. For registration, the company should have a net owned fund of Rs. 2 crores or higher. This regulation makes sure only serious companies enter the P2P lending business. It ensures that fly by night operators stay away from this business. Process of Registration Also Read – Shallu Jindal honoured with Mahatma AwardFor registration, the company has to make an application in the specified form to the RBI. The RBI has set stringent conditions to be fulfilled. Some of these include the promoters and directors of the company are fit and proper, the company has technological, entrepreneurial and managerial resources, the company has submitted a viable business plan etc. Scope of Activities The RBI has cleared defined the scope of activities that registered P2P lending platforms can undertake. An NBFC-P2P has to act as an intermediary providing an online platform to participants involved in P2P lending. It cannot raise deposits and it cannot lend on its own. It cannot cross-sell other products. The defined scope of activities makes sure the P2P Lending platform is focused on its core activity and avoids any distractions in the form of unwanted diversifications. Prudential Norms A lender can lend a maximum of Rs. 10 lakhs to all borrowers at any point of time, across all P2P Investments platforms. A borrower can take maximum loans of Rs. 10 lakhs at any point of time, across all P2P Investments platforms. A single lender cannot lend more than Rs. 50,000 to the same borrower, across all Investments platforms. The maximum tenure of loans cannot exceed 36 months. This regulation makes sure that a lender does not take too much risk by lending too much across all P2P lending platforms. It also makes sure a borrower does not borrow too much across all P2P Investments platforms as too much of debt may make it difficult for him/her to repay the loans. Fund Transfer Mechanism All money collected from lenders (for disbursement to borrowers) has to be done through escrow account operated by a trustee. Also, all money collected from borrowers in the form of EMI repayments (for transfer to lenders) has to be done through an escrow account. All fund transfers have to be done through and from bank accounts and cash transactions are strictly prohibited. This regulation makes sure the lender’s money is used only for disbursement to borrowers and not for any other purpose. Submission of data to Credit Information Companies (CICs) An NBFC-P2P has to become a member of all 4 CICs, which include CIBIL, Equifax, Experian, and CRIF High Mark. The company has to submit all credit information (including historical data) relating to borrower transactions to the CICs. The company has to update the data regularly on a monthly basis. This regulation ensures all delays/defaults by borrowers are reported to the CICs thereby impacting their credit score negatively. This regulation is good for lenders as it will make sure that borrowers don’t delay/default on loan repayments. A delay/default reported to the CICs will make it difficult for the borrower to get loans in the future from any bank or NBFC or P2P Lending platform. Hence the borrower will have to think ten times before delaying/defaulting on EMI repayment. This regulation will help in lowering the overall delay/default rates. Transparency and Disclosure Requirements An NBFC-P2P has to publicly disclose on its website the portfolio performance including a share of non-performing assets on a monthly basis and segregation by age. Disclosure of portfolio performance including a share of non-performing assets on a monthly basis will give a lender an insight about the robustness of the credit underwriting systems and loan recovery mechanisms of the NBFC-P2P. It helps the lender make an informed decision on whether he/she should invest his/her hard earned money through this platform or not. Participant Grievance Redressal The company has to put in place a Board approved a policy to address participant grievances/complaints. Complaints have to be handled/disposed within one month from the date of receipt. The company has to appoint a Nodal Officer / Principal Nodal Officer. (Raghavendera Pratap Singh, Co-founder, i2iFunding. The views expressed are strictly personal)last_img read more

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Amit Shahs claims absurd baseless says former BJP state president

first_imgKolkata: Satyabrata Mookherjee, former state president of BJP and former Minister of State felt that party’s national president Amit Shah’s claim that the party will get 23 seats is “absurd and without any basis.”Mookherjee also expressed his displeasure over the virtual sidelining of senior party leaders like Lal Krishna Advani and Murali Manohar Joshi. “Shah’s tall claim that BJP will get 23 seats in Bengal is absurd and baseless,” he said while giving an interview to a vernacular television channel on Monday. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaA statement by Mookherjee just two weeks before the election in Krishnanagar Lok Sabha seat from where he was elected in 1999 has put the state unit of BJP in a spot of bother. In the four-corner-fight in Krishnagar, Mohua Moitra of the Trinamool Congress is fighting against Kalyan Chaubey of BJP, Shantanu Jha of CPI(M) and Intaj Ali Shah of Congress. Mookherjee was the Minister of State for Chemicals and Fertilizers between 2000 and 2002 and later Minister of State for Commerce and Industry between 2002 and 2003. He was a minister in the Atal Bihari Vajpayee’s ministry. Also Read – Bengal civic volunteer dies in road mishap on national highwayKrishnanagar was the red bastion since 1971 when Renu Pada Das was elected four times till 1989. His successor Ajay Mukherjee of CPI(M) was elected from the seats four times between 1989-99. Mookherjee defeated him in 1999. He developed contacts with the people and Krishnanagar became a BJP stronghold. Mookherjee was the state president of the party in 2008 and was replaced by Rahul Sinha in 2009. Asked whether he is taking part in the campaign for Chaubey, Mookherjee said the party has not asked him to take part in the campaign. “It seems that the party thought that seniors cannot give anything anymore so it has kept them out of campaign,” he said. Political experts said Mookherjee’s staying away from the campaign will affect the party’s poll prospects in Krishnanagar. “He has his own pocket votes and workers and these workers which include a large number of local lawyers who had worked for him will not take part in the election. This will put BJP into trouble,” they felt.last_img read more

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IMFWB Joint Meeting Moroccos Minister Urges For Consolidation of Regional Integration

first_imgWashington – Morocco’s Delegate-Minister for Budget, Driss El Azami El Idrissi, urged for consolidating regional integration and South-South cooperation.The delegate-minister who took part in Washington in the Development Committee of the International monetary fund and World Bank underscored that regional integration and South-South cooperation are of prime importance for developing countries if they are to achieve lasting development, calling for intensification of trade and investments among these countries.El Azami also told this WB-IMF ministerial-level forum for intergovernmental consensus-building on development issues that investing in infrastructure is key to improving citizens’ access to basic services, upgrading the business atmosphere and increasing productivity. The minister, said on behalf of the group comprising Morocco, Afghanistan, Algeria, Ghana, Iran, Pakistan and Tunisia, that developing countries need to carry on reforms meant to improve the business atmosphere, investment level and productivity.last_img read more

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Hilcorp Unveils Big Plans For Work In The Cook Inlet For 2018

first_imgHilcorp has plans to drill seven new Cook Inlet wells this year, five of those will be offshore from the Steelhead platform. Story as aired: Audio PlayerJennifer-on-Hilcorp-big-plans.mp3VmJennifer-on-Hilcorp-big-plans.mp300:00RPd Facebook0TwitterEmailPrintFriendly分享Hilcorp announced a plan to spend roughly $285 million in Alaska for this year. Hilcorps Operations Manager Chad Helgeson made the announcement to a crowded Kenai Peninsula Industry Outlook Forum, on January 10. Helgeson also said the company plans to spend roughly $83 million on new drilling projects. It has since acquired leases on 20 hydrocarbon fields and 14 of the 16 platforms in Cook Inlet. According to Helgeson, out of the 24 wells Hilcorp drilled last year in Alaska, half were in the Cook Inlet. According to Helgeson the largest portion of the planned investment will go toward infrastructure upgrades, such as replacing compressor control systems in Hilcorp pipeline network. Hilcorp is currently the Cook Inlet’s largest oil and gas extractor since buying many of the local assets of Marathon and Chevron in 2011 and 2012.last_img read more

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