Brexit fuelling rapid increase in cross-border strategies, survey finds

ebggkxzpz

first_imgState Street said this reflected concerns about post-Brexit divergence between European and UK approaches to capital markets and investment regulation.This was linked to a growth in managers planning to use the UK as a domicile in the future, with 51% planning to target the UK as a future domicile of choice for product distribution, a 9% increase from today. The imminent prospect of the UK’s exit from the European Union is fuelling a new dynamism in the development of asset managers’ cross-border strategies, according to research from State Street.The survey found that over half (54%) of managers surveyed were reshaping their distribution strategy and expected to increase their staffing levels in new locations in response to Brexit within the next five years. Furthermore, 64% planned to launch cross-border products over the same period.The State Street 2018 Fund Strategy Survey covered 250 asset managers globally, analysing how they were developing cross-border strategies, including factors influencing their choice of fund vehicle, passport and domicile location.With the end-result of Brexit negotiations still unclear, almost half (46%) of respondents believed there would be an increased fragmentation of fund regulations in Europe over the next five years. (L-R) Dominic Raab, UK minister for exiting the EU, and Michel Barnier, the EU’s chief negotiator, at a press conference last month“The data shows managers realise that, whatever barriers to trade and international cooperation may grow out of ongoing geopolitical dynamics, maintaining access to global markets and investors around the world remains essential to their business models, as well as to the institutions and individuals who rely on them for their savings and investments,” said David Suetens, head of State Street in Luxembourg.Akbar Sheriff, head of State Street Global Services in the UK, added: “We have seen an increasing number of EU 27 and internationally-based asset manager clients making enquiries about UK fund launches, and we are supporting them accordingly with their planning and due diligence.”The survey’s findings appeared to show that, in spite of recent announcements by a number of fund managers planning to move assets out of the UK, asset flows would not be one-way traffic.Columbia Threadneedle Investments and M&G have both moved assets run for some non-UK investors in their UK-based funds to Luxembourg, while MFS is planning an investment hub in the Grand Duchy. Legal & General Investment Management has already set up an investment hub in Dublin. Meanwhile, the City of London Corporation has estimated that between 5,000 and 13,000 jobs could be lost in the UK financial services sector by the time the country leaves the EU on 29 March 2019. The corporation was using its latest internal tracking data.Its previous estimates had been as high as 75,000 job losses, based on an Oliver Wyman study of 2016.last_img read more

Rosneft, BP ink gas deal

ebggkxzpz

first_imgRosneft and BP on Friday signed an agreement on strategic cooperation in gas and a Memorandum of Understanding (MoU) in respect to the sale and purchase of natural gas in Europe. During the XXI St. Petersburg International Economic Forum, the two companies agreed to develop integrated cooperation in gas and aim to jointly implement gas projects in Russia and abroad focused on gas exploration and production, LNG production, supply and marketing.Rosneft and BP also reconfirmed their mutual interest in cooperation in European gas marketing. According to the MoU, Rosneft and BP’s wholly-owned subsidiary BP Gas Marketing Limited will enter into a long-term sales and purchase agreement for the supply of natural gas produced by Rosneft in order to ensure delivery of additional Russian gas supplies to European markets starting from 2019.“Rosneft already is the largest independent gas producer in Russia and intends to further increase production levels in the coming years,” Rosneft CEO Igor Sechin said. “Cooperation with BP would provide Rosneft with both a new efficient gas monetization channel and the conditions required for the development of a new resource base including hard to recover gas reserves.”“BP is pleased to expand its ongoing relationship with Rosneft through this agreement,” President of BP Russia David Campbell added. “Shifting to gas is one of the pillars of BP’s strategy. It is important in order to meet the increasing demand for cleaner energy. Gas is a growing proportion of BP’s portfolio and by the middle of the next decade we expect around 60% of our production to be gas, compared with around 50% today.”The parties agree that Russian state support for an effective gas supplies mechanism is key to the successful implementation of the MoU, BP and Rosneft said in a joint press release.last_img read more

Dominica government approves increase in retirement age & social security contributions

ebggkxzpz

first_img Share 121 Views   no discussions Michael MurphyPresident of the Dominica Association of Persons with Disabilities and Former Statistician Michael Murphy, who was the keynote speaker at the 5th stakeholders meeting of the Dominica Social Security on Thursday, announced that the government of Dominica had approved the increase in the retirement age and social security contributions.The Dominica Social Security embarked upon an awareness campaign earlier in 2011 to inform and educate the public on a proposal by an actuary report indicating that the retirement age should increase from sixty (60) to sixty-five (65) as well as an increase in contributions from employees to assist in sustaining the fund.Mr Murphy highlighted two main areas of reform at Thursday’s meeting.“There are two main areas of reform which were recommended by the actuary to take effect in 2009 and again in 2011. The aspect for 2009 was implemented but in 2011 there has been a little backlog. The government has now approved this; one first of all, they have approved an increase in the retirement age from sixty to sixty-five every year by six months which means it is going to take the Dominica Social Security ten years to completely implement this. Secondly, the recommendation that the contribution rate and I think it refers to the employees’ contribution rate should also be increased by 0.25% each year for twenty years. So over the twenty-year period there would be a total increase of 5%.”According to Mr Murphy, “the government has stipulated that there should be no further enhancements of benefits other than those that are being recommended or approved at this time until the first two measures are adopted and implemented by the Dominica Social Security”.These new measures will commence as of 2012 and Murphy hopes that “the social security will increase their financial position” and that “pensioners who are receiving very small increases will no doubt be able to attract a better increase in our social security benefits”.Dominica Vibes News Share Sharecenter_img Tweet Sharing is caring! LocalNews Dominica government approves increase in retirement age & social security contributions by: – December 8, 2011last_img read more

Living more complicated than dying declares Mike Tyson

ebggkxzpz

first_imgFormer undisputed heavyweight champion Mike Tyson went philosophical in a recent interview x-raying life and drawing some conclusions. The very famous pugilist even got to the point of declaring that fame is nothing and that man needs to realise that he is nothing! “We take ourselves too seriously. We think we’re somebody. Who the f*k? We’re nothing! “We come from s t; we think we’re special! Fame is s t.” he said It’s fair to assume Mike Tyson probably didn’t fear many opponents throughout his explosive boxing career because he   doesn’t even fear death. Mike Tyson versus Evander Holyfield way back 1997 Tyson is one of the hardest-hitting heavyweights in history, claiming 44 of his 50 professional victories by way of knockout. He also had one of the most terrifying personas of all time, which wasn’t exactly soothed when he was disqualified for biting a chunk out of Evander Holyfield’s ear in 1997. ‘Iron’ Mike has certainly mellowed since hanging up the gloves in 2005, however, even becoming good friends with former nemesis Holyfield. Promoted Content8 Superfoods For Growing Hair Back And Stimulating Its GrowthThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalPretty Awesome Shows That Just Got CanceledTop 10 Most Romantic Nations In The WorldWhich Country Is The Most Romantic In The World?Who Is The Most Powerful Woman On Earth?7 Ways To Understand Your Girlfriend BetterPlaying Games For Hours Can Do This To Your BodyBirds Enjoy Living In A Gallery Space Created For Them7 Ways To Understand Your Girlfriend BetterA Guy Turns Gray Walls And Simple Bricks Into Works Of ArtThe Best Cars Of All Time Loading… center_img And in a fascinating interview with The Sportsman, Tyson has revealed he is becoming less afraid of death as the years go on. “I knew there was a possibility that I could die during training, during a fight,” he said. “I knew that. But I wasn’t scared, because I thought if anybody was going to die, I would do the killing. That self-confidence was a survival mechanism. “But now, from my experience, from what I believe, the more I know about not existing, the more willing I am to die.” When asked if he looks forward to death, Tyson said: “Yeah. I don’t fear it. “Living might be more complicated than dying to me. The belief of it. Read AlsoMike Tyson backs Wilder’s decision to call immediate rematch with Fury “I don’t know if it’s true, because living takes a lot of courage. Without the courage, you can’t handle living. “Living is a journey; living is a struggle. People have everything and they still can’t do it, they struggle. FacebookTwitterWhatsAppEmail分享 last_img read more

Family Fun

ebggkxzpz

first_imgWe recently attended a Cincinnati Reds Baseball Game. It is not unusual for two tickets to run more than $100. I know that the Reds have ticket plans that give discounts to families on certain days or for certain games. For example, Monday nights are usually cheaper than any weekend game, but still for a family of four to attend a game it becomes an expensive outing. Most families have to pick and choose when, how often, or if at all they can attend this kind of sporting event. I know that most high school games are more in the $5-$7 range, so that same family of four can go for less than one ticket to the Reds can cost. Having said this, baseball is still the most fan-friendly of pro sports. Most football and basketball seats at pro contests are now running more in the $100 range for quality seats. If you are unfortunate enough to live in New York, $100 probably won’t even pay for your parking. Some of their prime seats run over $1000. The Reds park is so fan friendly that even if the costs are high, the experience is worth the cost at least once a season. The play area and fan zone outside the seating area is worth the price. Kroger has a meal deal that also saves money. Take the opportunity to see a game soon.last_img read more

Rooney has fans’ backing – Vidic

ebggkxzpz

first_img And whilst Ferguson has now stepped down as manager, and at this present moment is not a presence at Old Trafford as he continues his recover from hip surgery, Rooney believes he will eventually exert sufficient influence to make the former Everton man’s situation uncomfortable. United though have shown no indication of being willing to enter any discussion about Rooney’s future. As the forward still has two years remaining on his contract, they hold most of the power. And whilst some at United accept there is at least an argument for releasing Rooney, with a new manager at the helm and executive vice-chairman Ed Woodward taking over the player negotiating roles of departed chief executive David Gill, they also believe a hard line must be taken. With this in mind, Woodward and Moyes do not want to be seen as buckling at the first sign of player pressure for fear of what that may bring over the long-term. Press Association That is the view of skipper Nemanja Vidic, who was not in the least bit surprised at the ovation Rooney received during Monday night’s draw with Chelsea. It may have been slightly odd that the visiting supporters were also singing Rooney’s name. However, having ruled out the possibility of handing in an official transfer request, it now seems increasingly likely the 27-year-old will have to remain at United, at least until January. “He has scored so many goals and won so many trophies. I expected him to receive a good reception,” said Vidic. “The supporters have always supported the players. “Wayne is no different. “He has been supported throughout the years and I don’t think there was a question he would have been supported against Chelsea.” But the issues that prompted Rooney to consider an exit from Old Trafford remain. Whilst they have never been publicly revealed, it was established some considerable time ago that Rooney was deeply affected by Sir Alex Ferguson’s stance towards him at the end of last season, in particular the Scot’s claim he had asked for a move. In fact, Rooney had merely requested clarification of his position within the United squad given his omission from some key games, including the high-profile Champions League tie with Real Madrid in March. Wayne Rooney’s central role in so many Manchester United glory nights will ensure he continues to receive the full backing of the club’s supporters should he remain at Old Trafford.last_img read more

Moyes forecasts United recovery

ebggkxzpz

first_img “I said to win the Champions League you need to have a certain amount of world-class players,” he said. “That is something which we will try and do. Of course we will try and win the Champions League. “It is part of the job at Manchester United and I will do everything possible to try and make that happen.” These are evidently not easy times at Old Trafford though, even if Michael Carrick has been around long enough to realise situations can be turned around very quickly. “We are still confident,” said the England midfielder. “Whether we win or lose the last game we always deal with it and move on. “We have had a good start in this competition. That is the way we are looking at it. It is a tough place but we are looking forward to it.” By his own admission, Moyes adopted a conservative approach to his first few games in the job. That stance now appears to have changed. Rio Ferdinand’s absence – Moyes confirmed the 34-year-old would have missed the trip anyway even without the slight groin problem that eventually ruled – seems to be an admission the former England man cannot play back-to-back games. Anderson’s omission appears equally significant, and not in a good way for the Brazilian, who has not fulfilled the promise that brought him to United from Porto in 2007. Wilfried Zaha’s omission, following a reserve team outing on Monday night, was predictable, even if Moyes’ continued refusal to select the £15million summer arrival from Crystal Palace remains perplexing. At least Robin van Persie should start after his recent thigh complaint. “He is fit,” said Moyes. “We will make a decision tomorrow whether we start him or not. “He is as good as anybody I have seen. His football common-sense is fantastic and he is a great goalscorer.” Moyes may not have taken too kindly to the intense scrutiny being placed not just on results, but his public utterances. He bristled when informed Shakhtar coach Mircea Lucescu had questioned his recent squad rotation. “It never caused Sir Alex Ferguson any problem when he did it,” he said. But this is the high-profile role Moyes put himself forward for when he answered the call from Ferguson last spring. And it was rammed home again when fans turned out to greet his team in their arrival in Donetsk on Tuesday evening. “It is always the thing at Manchester United,” said Moyes. “Everyone is interested in them. It is a talking point for everybody throughout the world. “That is why it is, for me, the greatest club. “It is a great honour to be the manager. Even our arrival here in Donetsk has been greeted with a lot of supporters at the airport. “It is a great thing.” Manager David Moyes insists Manchester United will turn around their depressing start to his tenure. Installed as Sir Alex Ferguson’s successor amid much fanfare this summer, Moyes has presided over a troubled transition so far. Hammered by Manchester City, then stunned on home soil by West Brom at the weekend, the defending Premier League champions have slithered into the bottom half of the table, experiencing their worst start to a campaign since 1989. Yet Moyes remains defiant. In the knowledge senior figures with the Red Devils, not least Sir Bobby Charlton and Ferguson, who recommended his appointment, will ensure he gets the time needed to implement his plans, Moyes spoke with an air of certainty ahead of Wednesday night’s tricky encounter with Shakhtar Donetsk. “I have been in situations very similar to this at my old clubs Everton and also at Preston,” he said. “You get on and you do the right things. I haven’t changed what I have done. I will continue to do that. “The results will come. I have no doubt about that.” Moyes was not in particularly expansive mood. From the same press conference desk Ukraine coach Oleg Blokhin offered to take a journalist outside for a “man-to-man chat” during Euro 2012, he could not be said to be friendly either. When reminded of his apparent weekend claim United lack the world-class players needed to compete in this most elite of competitions, which admittedly United reached the final of as recently as 2011, Moyes attempted to clarify his position. Press Associationlast_img read more

WWE News: Baron Corbin wants a championship match at WrestleMania 36

ebggkxzpz

first_imgLast Updated: 10th October, 2019 23:54 IST WWE News: Baron Corbin Wants A Championship Match At WrestleMania 36 In an interview, Corbin revealed that he wants a title match at WrestleMania 36. In his WWE career, Corbin has won on the one title, United States Championship. It is surely a good year for Baron King Corbin as he did many incredible things. In March, he fought WWE legend Kurt Angle at WrestleMania 35 and later went on to win the King of the Ring competition. However, King Corbin has decided to do something more. In an interview with American media, Corbin revealed that he wants a title match at WrestleMania 36. In his WWE career, King Corbin has won only one title and that’s the United States Championship. However, he has also won the Andre The Giant Memorial Battle Royal in the biggest show of all.Also Read | WWE News: Roman Reigns thoughts on Universal champion Seth RollinsWWE news: Here’s what Baron ‘King’ Corbin saidWhile talking in the interview, Corbin said that by being King Corbin he has earned a chance for a WWE championship match. He added that at this level, the title match should happen in upcoming WrestleMania because that’s the next step up for him. He also said that he didn’t want to move back but keep on moving forward. Baron Corbin ended the interview by saying that he wants the championship match and he should get one.Also Read | WWE: Kevin Owens is no longer listed as an active WWE superstar!Earlier, Baron Corbin was seen interrupting Becky Lynch in the debut episode SmackDown on FOX. King Corbin entered the ring and started saying that he is the right person to start the show. It was here when The Rock made the electrifying entrance. WWE Universe welcomed the legendary wrestler with applause and even chanted his name. After entering the ring, he started trash-talking and revealed how he turned the word SmackDown into a show. Becky Lynch then joined The Rock and both took turns talking trash against Corbin. Both even forced the WWE Universe to frustrate the 2019 King of the Ring winner and even booed Corbin. The segment ended with the Man and The Great One laying the SmackDown on King Corbin. Despite that, The Rock hailed Baron Corbin on social media and said that he has a very bright future ahead of him. Here’s what the rock posted.Also Read | WWE News: Hulk Hogan wishes for a retirement match vs Vince McMahon Adil Khan SUBSCRIBE TO US WATCH US LIVE LIVE TV COMMENT First Published: 10th October, 2019 23:54 IST Also Read | WWE News: Official statement addressing Hell In A Cell ending Written By FOLLOW USlast_img read more

Tipp must be on top of their game to beat Cork

ebggkxzpz

first_imgTipp will have to be on top of their game to beat Cork in this weekend’s opening round of the Munster Championship.The Lee-siders travel to Semple Stadium next Sunday in a bid to make up for last year’s defeat to Tipperary in the same game.Following a loss to Cork in the league, former Tipp hurler Conor O’ Brien says Cork are in a good position going into the game. Photo © Tipperary GAAlast_img

Ibrahimovic, Pogba, De Gea Feature Prominently in New Chivita Campaign

ebggkxzpz

first_imgAccording to Chi Limited’s Head of Marketing, Probal Bhattacharya, millions of Nigerians are passionate about football and the new Chivita 100% Limited Packs are a great way to bring football icons to the table courtesy of Chivita 100%.“The objective of the Chivita 100% Limited Packs is to leverage on our passion for football in Nigeria to generate excitement among consumers by giving them an opportunity to have breakfast with great football stars like Pogba, Zlatan, De Gea, Martial, and among others.“Consumers now have one special reason to stay motivated and achieve 100% success like these football stars when they start their day with Chivita 100%,” he statedChi Limited believes that the new campaign is a masterstroke in communicating the breakfast narrative of the “Breakfast with the Stars”. In a statement, the. Company reiterated that the new Chivita 100% Limited Edition Packs are a fresher, brighter and bolder packaging innovation that visually communicates the love for a game and fruit juice that unites us. So during breakfast every morning consumers can look forward to #DareToConquer with Zlatan Ibrahimovic, #BackwithaBang with Paul Pogba, #DeclareMartialLaw with Anthony Martial or #SaveTheDay with David De Gea.De Gea was the hero of Arsenal versus Manchester United clash at the weekend, making 14 saves to go into English Premier League record as the best goalkeeper of the moment.“The new look Chivita 100% Limited Edition Packs in 1Litre packs is in its six variants of Real Orange, & Red Grape, and will be available to consumers till stocks last,” concludes the statementShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Manchester United top stars including, Zlatan Ibrahimovic, Paul Pogba, David De Gea and Anthony Martial will feature prominently in the new limited edition promo pack of Chivita 100% fruit drink now on sale in the country.Tagged “Breakfast with the Stars,” the campaign provides football loving Nigerians a wonderful opportunity to enjoy and share healthy and complete breakfast moments with these stars.last_img read more