Month: September 2021

Why gold bugs are predicting Armageddon

first_imgSunday 22 August 2010 10:18 pm Share whatsapp KCS-content DESPITE a nice run of data in the UK and across Europe over the last week or so, it’s still hard to shake off the prevailing view that a slow, bumpy grind out of economic turmoil is on the cards. However, we may look on this scenario as positively rosy if Egon von Greyerz, the founder and managing partner of Matterhorn Asset Management, is right. This man doesn’t think we are going to get a double dip. Oh no, he says, it’s going to be a lot worse than that.Von Greyerz believes that the world economy is set to go into “an accelerated and precipitous decline which will make the 2007 to early 2009 downturn seem like a walk in the park”.The root of the problem for the West is, of course, debt. The man from Matterhorn says: “Without this massive increase in debt, the US would probably have had negative growth for most of the last 39 years. Total US debt to GDP is now 380 per cent and is likely to escalate substantially.”The logic goes that these excesses must be unwound but the government response appears to be quite the opposite. In fact, Von Greyerz says that with every dollar, pound or euro printed the problems of the economy will be exacerbated. He goes on to accuse governments of “robbing the citizens of their money and their work” by printing money.So as we head for our bunkers to ride out the storm it appears that Von Greyerz has a port for us. And surprise, surprise, it turns out that all along the safe haven is once again being touted as gold. Yesterday, gold was once again hovering near seven week highs with the spot price at $1,227 (£790) a troy ounce.As a further justification of the gold bull argument, the bugs point to the price of the 1980 gold high of $850 being equivalent to a current valuation in the region of $6,400, once adjusted for inflation.So as we bemoan our lot and the current mainstream view that we will just grind along with minimal growth for the next couple of years, perhaps we should count ourselves lucky if the more dire predictions out there fail to come true. Steve Sedgwick is a presenter on Squawk Box Europe each weekday morning on CNBC. http://europe.cnbc.com Show Comments ▼center_img whatsapp Why gold bugs are predicting Armageddon Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Tags: NULLlast_img read more

Tanfield hit by funding concerns

first_imgThursday 26 August 2010 8:18 pm Tanfield hit by funding concerns KCS-content whatsapp Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoWorldemandThe One And Only WD40 Trick Everyone Should KnowWorldemandUndoMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.comUndocenter_img whatsapp Share Tanfield Group’s shares nearly halved in value, hitting a seven-year low yesterday, after the troubled electric van maker said it was in talks to sell its shares at a substantial discount to tackle a cash shortage. The company said it expected the fundraising to be structured as an open offer, partially underwritten by certain directors. It said its net cash fell to £2.2m at the end of June from £5.4m at the end of 2009. Its shares closed 38 per cent down at 17.9p. Tags: NULL 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 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

Coal India: 245 rupee price likely

first_img Show Comments ▼ Sunday 24 October 2010 10:35 pm Coal India: 245 rupee price likely Tags: NULL whatsapp KCS-content The Indian government is likely to price state run Coal India’s initial public offering at 245 rupees (£3.51) per share, at the top end of the price range, four sources with direct knowledge of the matter said yesterday. A panel of ministers will finalise the offer price late today, said the sources. Coal India’s IPO, the largest in the country’s history, was subscribed more than 15 times by close on Thursday, with most bids at the top end of the 225 to 245 rupees price range. At this price, India will raise roughly $3.5 bn for the sale of a 10 per cent stake in Coal India, the world’s largest coal miner. Individual investors and Coal India staff will get a five percent discount on the offer price. whatsapp Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharelast_img read more

Channel Tunnel link sold to Canadian pension funds

first_img Show Comments ▼ Channel Tunnel link sold to Canadian pension funds whatsapp Tags: NULL Two Canadian pension funds are to buy Channel Tunnel high-speed rail link, High Speed 1, for £2.1bn.The Government put the 69-mile London to Folkestone up for sale in June as part of efforts to reduce national debt.Toronto-based Borealis Infrastructure and Ontario Teachers’ Pension plan have won the right to operate the rail link for 30 years. John Dunne center_img Share Friday 5 November 2010 7:20 am Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapplast_img read more

M&S profit up as Bolland unveils masterplan

first_img 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap John Dunne whatsapp Tuesday 9 November 2010 2:36 am Marks and Spencer has reported half-year pre-tax profits of £348.8m, up from £306.7m last year.Marc Bolland, the company’s new chief executive, also revealed his blueprint for the future of the company.The company’s profit hike represented a 17 per cent rise.Bolland, who took over from Sir Stuart Rose earlier this year, said he was determined to keep M&S “special” with new products under the M&S banner.“We are going to offer 1,000 new lines, making sure people can do a fullers shop. There will also be more clothing lines.”He said the company would initially concentrate on the UK before expanding its international business. center_img Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMike HistoryAt 66, This Is Bruce Willis’ Private CarMike HistoryUndoAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaUndoBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaUndo5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®UndoScalp Psoriasis SearchWhat Exactly is Scalp Psoriasis? See the SymptomsScalp Psoriasis SearchUndocutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comUndoHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetUndoDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUUndoBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationUndo M&S profit up as Bolland unveils masterplan Show Comments ▼ Tags: NULLlast_img read more

VW to take driving seat in plan to merge truck giants MAN and Scania

first_img 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap VW to take driving seat in plan to merge truck giants MAN and Scania Monday 15 November 2010 7:55 pm Tags: NULL Show Comments ▼ KCS-content GERMAN lorry giant MAN and Swedish rival Scania are in talks about a link-up that could pave the way for Volkswagen to take full control of both.VW, which owns stakes in both companies, is understood to be planning to boost its holding in Scania to between 75-80 per cent from nearly 46 per cent currently, with its near 30 per cent stake in MAN going to the Swedish firm.Scania and MAN said they had not reached a decision as they reacted to reports that VW was seeking a new plan for its truck operations. VW has a €19.6bn (£16.6bn) war chest and is thought to be making enough cash to buy both MAN and Scania.Scania said the two firms have studied for some time various possible industrial projects that would save money in research and development, manufacturing and supply.“This process has shown that a full realisation of potential synergies requires a closer co-operation by combining the two companies,” it said.MAN, which unsuccessfully tried to buy Scania four years ago, described the talks as “mutually friendly”. Share whatsapplast_img read more

Mortgage lending slumps

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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Show Comments ▼ Thursday 18 November 2010 8:23 pm whatsapp Share KCS-content center_img whatsapp Mortgage lending slumps 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULL Gross mortgage lending last month was the lowest October total since 2000, according to figures released yesterday.The Council of Mortgage Lenders estimated that lending was down nine per cent, from £13.6bn in October 2009 to £12.4bn last month. The figures coincided with fresh Bank of England data on the level of mortgage lending by major UK lenders. The Bank announced that 44,000 new mortgages were approved in October, yet the value of mortgage lending for house purchases is down from £5.6bn in September to £5.3bn. This represents a nine-month low, the Bank said yesterday. last_img read more

New Bank of Ireland debt offer

first_img 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 Wednesday 8 December 2010 8:47 pm whatsapp BANK of Ireland offered to exchange subordinated debt for government guaranteed securities yesterday in a move that could plug around €400m (£335.7m of its €2.2bn capital hole.Ireland’s central bank wants lenders to “overcapitalise” as a result of the €85bn emergency loan package agreed with the IMF and EU last month, raising its target for core Tier 1 capital ratio to 12 per cent from eight per cent.Bank of Ireland, Ireland’s biggest bank by market value, was the first major Irish bank to meet the previous capital target, raising €3bn partly through private sources earlier this year in an exercise which left the state with a 36 per cent stake plus preference shares.The bank – which is now expected to fall under majority state ownership – began a fresh round of capital raising by making an exchange offer for up to €1.5bn of Lower Tier 2 securities with a nominal value of around €3.1bn. KCS-content Sharecenter_img Show Comments ▼ 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 TimesMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 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 Farm New Bank of Ireland debt offer Tags: NULLlast_img read more

FIRST GIG IN 600 YEARS TO COME TO GUILDHALL

first_img KCS-content FIRST GIG IN 600 YEARS TO COME TO GUILDHALL Show Comments ▼ 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp Sharecenter_img Tags: NULL GUILDHALL has seen its fair share of important cultural events over the years:?the trials of Lady Jane Grey, Thomas Cranmer and those involved in the gunpowder plot.But only now is this hallowed hall to host the first ever rock concert in its 600 year history, in the miserable month of February next year, when Bryan Adams will take to the stage for the City of London’s charity appeal.The Lord Mayor Michael Bear will be attending this unusual iteration of the many celebrations and rituals to have taken place at Guildhall over the years, with the show to be produced by Harvey Goldsmith and Don Black.The target is to raise £200,000, with an auction to be conducted by Nick Nugent selling off, among other trinkets, an old necklace of Angelina Jolie’s. As for the masterminds of the shindig, you can count City lawyer Neil Murray among them: he’s been chairing the committee in charge of the preparations, while Canary Wharf Group, Stephenson Harwood, Eurohypo AG and Westdeutsche Immobilien Bank AG are sponsoring the party.Tickets are on sale for a cool £600, with the money raised going to Coram, the children’s charity.SCROOGE BRITAINBritain might be struggling its way towards economic recovery, but that’s surely no excuse for delivering a well-wrapped IOU to your loved ones this Christmas. Yet according to research from uSwitch.com, 32 per cent of Brits say they have received just such a promise in place of a present at Christmas. Partners are the most likely to not get their act together in time, with 20 per cent saying they got an IOU?from their loved one. Yet only 15 per cent of Brits admit to giving them, so either a few disorganised gift-givers are disappointing a lot of people, or there’s a group out there not owning up to their Christmas flops.Still, an IOU has got to be better than a lump of coal, right? Perhaps not, with commodity prices skyrocketing…CARD FRAUDIntrepid spoof reporter Stephen Colbert has issued a challenge to an unfortunate Goldman Sachs partner unlucky enough to mislay his credit card: come on the Colbert show to justify your bonus or he’ll read out your credit card number on air. “This season, Americans are facing 9.8 per cent unemployment,” Colbert announced. “And the only chestnuts they want to see roasting on an open fire are the ones attached to Wall Street Bankers.”But if the unlucky banker complies, will Colbert justify his own salary, rumoured to be at $3.5m? Perhaps you have more in common with the well-paid suits than you think, Stephen.CAPITAL MEALSTime to stop bashing British food. A survey by tourist agency VisitBritain (soon for the fiscal chop, it seems) reveals that tourists’ primary reason for visiting London is to eat out at our fabulous restaurants. Food came first for 82 per cent, while 70 per cent came to shop and see old buildings and monuments. With tourists dropping £8.2bn in the capital alone last year, it seems they’re not disappointed either. whatsapp Tuesday 14 December 2010 9:14 pmlast_img read more

Gulf Keystone hits oil in Iraq

first_img Share whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoJournalistateCanal Drained For First Time And They Find ThisJournalistateUndoFacty Vroom20 Worst Cars Of The 1970s, According To Americans [Gallery]Facty VroomUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Show Comments ▼ whatsapp More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKansas coach fired for using N-word toward Black playerthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com center_img Tags: NULL Wednesday 5 January 2011 8:00 pm Gulf Keystone hits oil in Iraq Gulf Keystone Petroleum said yesterday it has found a “massive” oil deposit in the Kurdistan region of Iraq, sending shares up 5.5 per cent to close at 173p. The firm estimated it has struck 220m barrels of probably oil reserves at a shallower depth than previous discoveries, with the potential for up to 2.2bn barrels under less certain estimates. The UK listed company owns a 75 per cent stake in the block, and said the well would now be converted to produced oil from the deeper geological reserves while it worked to develop the shallower resources. Gulf Keystone is currently contesting claims made against it by Excalibur Ventures over an interest of up to 30 per cent in its Kurdistan blocks. KCS-content last_img read more