North Yorkshire retail: Stunted growth in York

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Lana Soelistianingsih appointed LPS executive director

first_img “[I also hope Lana] will improve LPS’ performance in insuring deposits are more sustainable in the future,” the minister said in a statement.Read also: LPS lowers deposit insurance rates to 6.25 percent until end of yearShe added that she also hoped Lana could turn the LPS into a corporation that contributed more to the stability of the Indonesian financial system.Lana earned a Master’s degree in economic development from Vanderbilt University in Tennessee, United States, in 1995, and a doctorate degree in economy from the University of Indonesia in 2003. She joined Indonesian investment management company PT Samuel Aset Manajemen (SAM) as the head of economics and research in October 2013. (hol)Topics : President Joko “Jokowi” Widodo appointed Lana Soelistianingsih as the new Deposit Insurance Corporation (LPS) executive director on Thursday, replacing Fauzi Ichsan. The decision to appoint Lana and honorably discharge Fauzi was stipulated in Presidential Decree No. 10/M/2020.Finance Minister Sri Mulyani Indrawati, who handed over the decree to Lana in a ceremony on Thursday, said she hoped Lana would be ready to collaborate with relevant parties and be aware of any economic challenges coming from inside and outside the country.last_img read more

EIOPA rolls up sleeves on new HBS proposal for IORP II

first_img“EIOPA stands ready to undertake all the necessary work in order to ensure safe, sustainable and adequate pensions for European citizens.”He said EIOPA was now working to improve definitions and methodologies for assessing the HBS approach and would run further assessments in the coming months.“My aim,” he said, “is to present the next Commission with further tested technical proposals for a European, risk-based prudential regime that appropriately reflects the specific reality of pension funds.”At a closed-door event in Brussels in July, Bernardino announced that the HBS approach within the revised IORP Directive was not “a dead-end street”, in spite of the European Commission’s decision earlier this year to postpone pillar one for the same directive.The HBS approach is, according to him, a way to capture “the wide variety of occupational pension systems in the different member states in a single, European prudential regime”.“The holistic balance sheet allows pension funds to recognise the value of all security and benefit-adjustment mechanisms available to them,” he said at the time.“All in all, the holistic balance sheet is able to provide a comprehensive and comparable view of how far occupational pension promises are supported by financial assets, sponsor support and pension protection schemes, and how far benefit adjustments are expected to occur.”In May, Michel Barnier, the current commissioner for internal market, said the Commission would postpone the implementation of pillar one, which focuses on capital requirements, arguing that solvency rules should be an “improvement for the pensions sector, rather than a punishment”.Barnier said he considered the quantitative rules to be a job for his successor. The European Insurance and Occupational Pensions Authority (EIOPA) is working to improve methodologies for assessing the holistic balance sheet (HBS) approach within the IORP II Directive, with the view to presenting further tested technical proposals to the new European Commission next year.  EIOPA’s chair, Gabriel Bernardino, speaking at the hearing of the chairmen of the three European Supervisory Authorities, said the first quantitative impact study – which aimed to assess the HBS approach – had revealed large differences in the protection of members and beneficiaries across Europe.He also pointed out that pension funds disposed of “vulnerabilities” in different areas.“Some are very dependent on future payments by the sponsor, and, in others, substantial benefit reductions are expected,” he said.last_img read more

De Eendragt makes radical portfolio shift in bid to raise solvency level

first_imgDe Eendragt, the €1.5bn Dutch pensions insurer, has shifted its entire investment portfolio into fixed income to lift its solvency to the required level. To improve its risk profile, the insurer offloaded all stakes in equities, non-listed property and alternative investments, according to its 2013 annual report.The company – which provides defined benefit, defined contribution (DC) and collective DC plans for companies of the former paper mill Van Gelder – saw its financial position deteriorate following the adjustment of the European Central Bank’s AAA curve as a result of the downgrading of France.As a consequence, De Eendragt had to write off €38m worth of assets, it said. In addition, a new and improved internal model for liabilities had a negative impact on De Eendragt’s assets, which also suffered from stricter Solvency II requirements.As a result of these developments, the pensions insurer was unable – for the second time in a row – to grant indexation to deferred participants or pensioners.The insurer also revealed in its annual report that it failed to attract any new clients last year.De Eendragt argued, however, that its proposition was still attractive, pointing out that most expiring contracts had been renewed over the period.The board said it decided to carry on as an independent company after an extensive strategic study into the possibility of cooperating with other players in the pensions industry failed to reach a satisfactory conclusion.It also said its new executive board had been tasked with prioritising the development of a strategy for the long term, after Philip Menco, its director since 2004, departed last May.De Eengragt lost 5% overall last year, citing the effect of rising interest rates on its fixed income holdings in particular.Its ‘maximum diversification strategy’ for emerging market equities returned 31%, while its ‘minimum variance’ approach for the same segment returned 4%.De Eendragt’s 30% non-listed property holdings – the “cornerstone” of the investment portfolio since 2007 due to the attractive risk/return ratio over the mid term – generated 1.6%.The insurer attributed the result in part to a further decrease in the value of its assets after appointing a new surveyor.In its annual report, De Eendragt confirmed it divested its stake in a long/short commodities fund – after a 7% loss – due to disappointing long-term performance.It also terminated its Global Tactical Asset Allocation strategy earlier this year after it produced a net return of 1.2%.According to the insurer, its long-term trends-based investment in a CTA hedge fund returned 9%, while its stake in a short-term strategy delivered a slightly positive result.De Eendragt did not respond to IPE’s repeated requests for additional information.last_img read more

Shell upsizes shares sell-down to exit Woodside

first_imgImage courtesy WoodsideRoyal Dutch Shell has upsized its previously announced agreement to sell shares in Woodside Petroleum following strong demand from institutional investors. Earlier today, the company said its unit, Shell Energy Holdings Australia Limited (SEHAL) will sell 71.6 million shares in Woodside, representing 64 percent of its interest in Woodside and 8.5 percent of the issued capital in Woodside, at a price of A$31.10 per share.However, due to the demand, the company decided to sell a total of 111.8 million shares, representing 13.28 percent of the issued share capital of Woodside and the entirety of SEHAL’s total shareholding in Woodside, for total pre-tax proceeds of $2.7 billion (A$3.5 billion), despite claiming that it will not dispose of any of its remaining shares in Woodside for a minimum of 90 days from completion of the sell-down.Completion is expected to take place on November 14, 2017, with settlement expected on November 16, 2017.Speaking about the initial sale of SEHAL’s shareholding in Woodside, Shell’s CFO, Jessica Uhl, said, the sale is a step towards the completion of the company’s three-year $30 billion divestment programme, and that the proceeds will go towards the reducing the company’s debt.last_img read more

PIL Exits Transpacific Market to Boost Presence in North-South Trade

first_imgSingapore’s shipping company Pacific International Lines (PIL) has decided to withdraw its services from the Transpacific market in an effort “to optimize the company’s network efficiency”.As a result of this service realignment, PIL’s last Transpacific sailing will be in March 2020.“The company has taken this decision as part of a wider strategic review of its business,” PIL said in a statement.“Henceforth, PIL will focus on further strengthening its position in the North-South Trade such as Africa, Middle East / Red Sea, India Sub-Continent, Latin America, and Oceania.”PIL is one of the top ten containership operators in the world. The company owns and operates a fleet of around 150 containerships, bulkers and multipurpose vessels.Read more:PIL Trials Delivery Using IBM Blockchain PlatformPIL Terminates Vessel Calls to Iran due to US Sanctionslast_img read more

Dearborn County Hospital Hosts Blood Drive Thursday

first_imgLAWRENCEBURG — Dearborn County Hospital’s next blood drive, in association with the Hoxworth Blood Center of Cincinnati, will be on Thursday, September 4, from 8:30 a.m. to 3:00 p.m. in the conference rooms of the hospital, 600 Wilson Creek Road, Lawrenceburg.“Local blood donors ensure that patients at 30 area hospitals receive the lifesaving blood products they need to survive,” stated Alecia Lipton, Hoxworth Community Relations Manager.  “Community blood drives are vitally important and we hope to see a good turnout at DCH.”“Hoxworth’s motto is ‘Our donors save lives. Who will you save?’” added Pam Puterbaugh, R.N., DCH Occupational Health Nurse.A donor must be 17 years of age or older (16 years of age with the appropriate signed parental consent form) and weigh at least 110 pounds.  Donors must wait a minimum of eight weeks between blood donations or 16 weeks if they have participated in the automated double red cell donation.  Women who are pregnant may not donate.  Persons who have been tattooed in the State of Indiana must wait 12 months from the date of tattooing to donate.Persons who have tested HIV positive, injected themselves with illegal drugs or who participate in high risk behavior are prohibited from donating.  Individuals who had viral hepatitis after age 11 or a hepatitis B or hepatitis C virus infection at any age also are disqualified from donating.  Cancer and malaria survivors, persons who had a heart attack and those with heart disease should phone Hoxworth for information regarding allowances for donating.Blood donors should eat a well-balanced meal within four hours prior to donating and drink plenty of water.  They must bring a form of photo identification, such as a driver’s license or employee badge, with them to the drive.Individuals can maximize their donation by giving “Double Reds.”  The process of Automated Red Cell Collection is designed to make the most of donations.  Please call the Hoxworth Nursing Department at (800) 265-1515, ext. 81304, for additional information on donating Double Reds.last_img read more

Foxes win but Villa misery mounts

first_img The Foxes extended their unbeaten run to four games in all competitions in front of the watching Andrej Kramaric as the striker waits to complete his club record move from Rijeka. He saw Konchesky, who was controversially sent off at Villa last month before having the red rescinded, lash in the winner seconds before the break. Both sides were reduced to 10 men in injury-time when Matty James and Ciaran Clark were sent off after clashing. But only Villa goalkeeper Brad Guzan and poor finishing had stopped Leicester adding to their lead as David Nugent missed two fine chances and James and Marc Albrighton were denied. The win failed to lift Leicester off the bottom of the Barclays Premier League, but they are just two points from safety. Wretched Villa drew another blank – their fourth in a row in the league – to slip to 13th, three points above the bottom three. And the visiting fans turned on manager Paul Lambert for the second game in a row, chanting for his head. Albrighton was recalled against his former club, the winger making his first league start since October – and just second of the season – after leaving Villa in the summer. Danny Simpson, Dean Hammond and Marcin Wasilewski returned following the 1-0 FA Cup win over Newcastle. New signing Mark Schwarzer was on the bench after arriving from Chelsea. Guzan and Gabby Agbonlahor were recalled for Villa as Shay Given and Jack Grealish dropped out. Leicester’s revival continued as Paul Konchesky’s winner handed them a valuable 1-0 victory over poor Aston Villa. Leicester conjured the first chance of a quiet opening through Albrighton. The winger’s wonderful touch allowed him to scamper down the left and he slipped in a stretching Nugent, who could only stab wide from 12 yards. Christian Benteke had the ball in the net after rounding Ben Hamer but was offside as Villa tried to force the play with little success. Agbonlahor lashed wide, but only after Nugent had wasted another golden opening on 27 minutes. Anthony Knockaert’s teasing cross was flicked on by Leonardo Ulloa, only for his strike partner to nod wide at the far post from four yards. While Villa looked sharper on the ball, the Foxes had created the better chances and Nugent came close again four minutes before the break. The striker found himself in a similar position to his goal at Liverpool this month, but fired a cushioned volley against the underside of the bar – and watched Ulloa head the rebound over. But the Foxes finally took the lead on the stroke of half-time with Konchesky’s first goal of the season. Ulloa hooked the ball across goal and Alan Hutton could only head out to the defender, who fired an 18-yard volley in off a post. Guzan kept the visitors in the game in the early stages of the second half with fine saves from James and Albrighton. He turned James’ header over after 52 minutes before parrying Albrighton’s fierce shot on the hour. Villa, in contrast, were toothless, failing to rouse themselves after going behind and have now won just three times in 18 games in all competitions. The anonymous Tom Cleverley fired a rare chance over from an angle with 20 minutes left and Leicester continued their profligacy when substitute Tom Lawrence shot over. They almost paid the price with two minutes left when Aly Cissokho blazed wide from eight yards. And the game sparked again in injury-time when Clark and James were dismissed. James went in hard on Clark and the two grappled in the centre circle after squaring up before both were shown straight red cards. The pair clashed again at the mouth of the tunnel as they went off and had to be separated by stewards and coaching staff. Benteke then headed over at the death as Leicester hung on for a deserved win. Press Associationlast_img read more

Date is Set for 2020 Susan G. Komen South Florida Race for the Cure®

first_imgWest Palm Beach, Fla.– Saturday, January 25, 2020 will mark the 29th annual Susan G. Komen South Florida Race for the Cure in Downtown West Palm Beach. Join the fun as walkers, racers, and supporters of all ages raise money for the cause while celebrating breast cancer survivors and remembering beloved friends and family who have lost their lives to this disease.  Where: Meyer Amphitheatre, 105 Evernia St., West Palm Beach, FLRegistration: Visit komenflorida.org/race. Registration fees start at: $25 for adults and survivors; $10 for youth (under 18); and $45 for virtual participation. Fees will increase by $10 starting October 2, and an additional $5 the day of Race.Contact: To learn more, email race@komenflorida.org, or visit komenflorida.org/race.    Local programs funded include Bethesda Women’s Health Center, Caridad Center, Department of Health-Broward County, Florida Community Health Centers, Genesis Community Health, Lakeside Medical Center, and Martin Memorial Health Systems. Locally in 2018-2019: 45,219 people learned about breast cancer including 24 who were diagnosed; 749 people benefited from diagnostic services such as clinical exams, diagnostic ultrasounds, and biopsies; 77 people received patient navigation services; and 978 people received a screening mammogram.With the goal to raise $1 million dollars in 2020, the Race is symbolic of Komen Florida’s commitment to ensuring that no woman—or man—ever walks alone on the breast cancer journey. The family-friendly event is an opportunity for runners, walkers, corporate, community and school teams, and individuals of all ages to enjoy a morning full of activities. IF YOU GO:What:  Susan G. Komen South Florida Race for the Cure® When:  January 25, 20205:30 AM     Race Day Registration opens at Palm Beach Post Centennial Park (South Flagler                               Drive between Evernia Street and Fern Street)7:00 AM     Main Stage Program begins at Meyer Amphitheatre7:30 AM     Women’s and Men’s 5K USATF Run (3.1 miles)8:15 AM      Runner’s Awards Ceremony and Entertainment at Meyer Amphitheatre8:30 AM      Acknowledgements/Entertainment at Meyer Amphitheatre9:00 AM      Warrior/Survivor Recognition Ceremony at Meyer Amphitheatre9:30 AM      5K Walk (13.1 miles) and 1-mile Family Fun Run10:15 AM    Kids T-Shirt Art Contest Awards at Meyer Amphitheatre10:30 AM    Tots Run for the Cure (ages 5 and under) at Flagler & Evernia near Kid Zone10:45 AM    Kids Run for the Cure (ages 6-12) at Flagler & Evernia near Kid Zone11:00 AM    Event concludes This year’s event will be chaired by Tim Allan “T.A.” Walker, WPTV’s Taste & See reporter. The popular journalist, known for his fun coverage of local events, music, dining, arts, tourism, festivals, and nightlife, has been a longtime supporter of the nonprofit dedicated to ending breast cancer.Funds raised during the Race will support Susan G. Komen’s Bold Goal to reduce the nation’s 40,000 breast cancer deaths by 50% by 2026. Seventy-five percent of net proceeds from the Race will remain local to provide screenings, treatment and education in Palm Beach, Martin, St. Lucie and Indian River Counties. Twenty-five percent will support the Susan G. Komen Research and Training Grants Program, which funds groundbreaking breast cancer research awards and educational/scientific programs. Kate Watt, Komen Florida’s executive director, says 13,728 women in Florida are diagnosed with breast cancer annually and 2,704 of these will lose their battles with breast cancer. “With timely access to care for every woman or man affected by this disease, we can reduce breast cancer deaths by as much as one-third. Known as South Florida’s ‘First Responders to Breast Cancer,’ our focus is on improving access for low-income and uninsured women, women of color, and other vulnerable populations that face barriers to care while providing them with comfort, assurance, and compassionate support.”National presenting sponsor of the 2020 Komen South Florida Race for the Cure is Bank of America. Local sponsors as of the date of this release include presenting sponsor, South Florida Ford Dealers, Hubbard Media, WPTV, University of Miami Health System, Tropical Shipping, Good Samaritan Breast Institute, FPL, Comcast, Macy’s, Florida Cancer Specialists, Office Depot, Zebedee Productions, Lesser, Lesser, Landy & Smith and Dunkin’. About Susan G. Komen and Komen South FloridaSusan G. Komen is the world’s largest breast cancer organization, funding more breast cancer research than any other nonprofit while providing real-time help to those facing the disease. Komen Florida is working to better the lives of those facing breast cancer in the local community. Through events like the Komen South Florida Race for the Cure®, Komen Florida has invested over $14 million in community breast health programs in Palm Beach, Martin, and St. Lucie counties and has helped contribute to the more than $920 million invested globally in research. For more information, call 561-514-3020 or visit www.komenflorida.org.###last_img read more

Cricket News Virat Kohli finishes as world’s best batsman in ICC Test ranking

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. Dubai: India captain Virat Kohli finished as the number-one ranked batsman in the world in the latest ICC Player Rankings for Test Batsmen after the completion of the five-match series against England at London.Kohli, who amassed 593 runs at an average of 59.3 in the series which the visitors lost by 1-4 margin, had started the series 27 points behind Australia’s Steve Smith and finished one point ahead of his closest rival.Kohli had first reached the top of the world after the Edgbaston Test and then reclaimed the top spot after the Trent Bridge Test. He will now defend his number-one ranking in the two-Test home series against the West Indies, which starts on October 4.Also Read | Armed with new foreign signings, Real Kashmir hope to continue I-League fairytale India’s Lokesh Rahul and Rishabh Pant also made big gains in the latest rankings with the opener advancing 16 places to 19th position after his knock of 149. Pant also moved up 63 places to 111th position after his 114 in only his third Test match.Ravindra Jadeja’s unbeaten 86 in the first innings has helped him gain 12 places to reach 58th among batsmen while he has also moved up one place in the all-rounder’s list to second position.Among others, England opener Alastair Cook signed off from international cricket on a remarkable note, moving into the top-10 of the ICC Player Rankings for Test Batsmen after a Player of the Match performance in the final Test at The Oval.The left-hander’s scores of 71 and 147 made him only the fifth man in history to notch a century in his first and last Test matches, and also helped his side win by 118 runs to complete a 4-1 win in the five-match series.Read More | I will thank Bumrah for a while for that overthrow, says Alastair Cook This memorable performance lifted the 33-year-old 11 positions to 10th in the latest rankings, which were released on Wednesday morning.Cook had achieved a career-high ranking of second in September 2011 after he had scored a Test best 294 against India at Edgbaston. This was the same year when Cook won the prestigious ICC Test Cricketer of the Year award.The former England captain has ended an impressive career with the third-best ranking for a retiring England batsman after Wally Hammond (fifth) and Geoff Boycott (eighth).However, he has finished in a higher position than any of the batsmen who scored more runs then him in the pinnacle format. Jacques Kallis hung his boots in 12th position, Sachin Tendulkar and Rahul Dravid both ended their careers in 18th spot and Ricky Ponting finished in 26th place.Read More | US Open: Australian cartoonist under fire for Serena sketch Apart from winning the ICC Test Cricketer of the Year award in 2011, Cook was named in the ICC Test Team of the Year in 2011, 2012, 2013, 2015 and 2016 (as captain).He also made his way in the ICC ODI Team of the Year in 2012, the year in which he reached his career-best fifth position in ODIs during the month of June.In other movements amongst the batsmen, captain Joe Root has moved up one place to fourth position after a fine knock of 125 in the second innings while other England batsmen to gain in the rankings include Jos Buttler (up nine places to 23rd) and Moeen Ali (up five places to 43rd).In the ICC Player Rankings for Test Bowlers, England fast bowler James Anderson started and finished the series in number-one ranking. After the Lord’s Test, Anderson reached a career-high 903 points. He had started the series with 892 points and finished just one point shy of the coveted 900-point mark.Other bowlers to make an upward movement after The Oval Test include Ben Stokes (up one place to 27th), Adil Rashid (up six places to 44th) and Sam Curran (up four places to 51st) all advancing after taking three wickets each. last_img read more