G20 agrees to prevent a trade war

first_imgSunday 24 October 2010 11:36 pm G20 agrees to prevent a trade war Show Comments ▼ THE G20 economies pledged to steer clear of an all-out currency war at the weekend, as countries including China and the USA agreed not to competitively devalue their currencies. The G20 finance ministers, who met in South Korea ahead of a summit next month, said in a communiqué they will “move towards more market determined exchange rate systems”. US Treasury secretary Tim Geithner said that China was committed to moving the yuan towards a market rate. “They’ve got a ways to go but I think they’re committed to do that, because they recognise it’s in their interest,” he told Bloomberg TV after the meeting.The US is now unlikely to go ahead with its plan to impose punitive tax on Chinese exports, according to analysts last night. The House of Representatives passed a law last month to treat the yuan’s exchange rate as an illegal tariff. The G20 said it will move to tackle international trade imbalances but stopped short of specific targets, despite a call from the United States to limit surpluses at four per cent of a country’s gross domestic product.The ministers did make progress on overhauling the International Monetary Fund, by shifting power in favour of emerging nations. Several analysts, including GFT’s Martin Slaney, predict a jump in European stock markets this morning in response to the G20 agreement. 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 Sharecenter_img whatsapp whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tags: NULLlast_img read more

Nevada surpasses NJ sportsbook handle in June

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games 31st July 2019 | By Daniel O’Boyle Subscribe to the iGaming newsletter Nevada surpasses NJ sportsbook handle in June The Nevada sports betting handle moved back ahead of New Jersey after the largest June intake in the state’s history, helping to bring total state gaming revenue back over $1bn for the first time since March 2019.$322.1m was wagered at Nevada sportsbooks in June, surpassing New Jersey’s $273m handle, after the garden state handled more money than Nevada in May. The figure was a 12.4% increase from 2018.Baseball wagers made up the majority of the sportsbook intake, totaling $208.7m for the month, 14.2% more than June 2018’s $182.8m handle. Basketball bets made up $51.4m, an increase from $32m last year, helped by the 2019 NBA Finals lasting two games longer than the 2018 Finals.Sportsbook revenue in the state totaled $16.6m, a 20% decline from last June, after the win percentage on sports wagers fell from 7% in June 2018 to 5.2% in 2019. Baseball bets took in a revenue of $11.6m, while basketball bets took in only $946,000 on a 1.84% win percentage. The state lost $637,000 on football bets, despite a handle of just $1.1m.Read more on iGB North America. Regions: US Nevada Topics: Casino & games Sports betting Table games Email Addresslast_img read more

Truworths Limited (TRUW.zw) 2011 Abridged Report

first_imgTruworths Limited (TRUW.zw) listed on the Zimbabwe Stock Exchange under the Retail sector has released it’s 2011 abridged results.For more information about Truworths Limited (TRUW.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Truworths Limited (TRUW.zw) company page on AfricanFinancials.Document: Truworths Limited (TRUW.zw)  2011 abridged results.Company ProfileTruworths Limited in Zimbabwe is part of Truworths International; an investment holding company that retails casual-wear clothing, footwear and fashion accessories in branded stores located in the major towns and cities of Zimbabwe. The company sells fashionwear and accessories under different brand names, including Daniel Hechter, Truworths Man, Ginger Mary, Zeta Inwear, Identity and LTD. Truworths brands are also sold through specialist retail outlets such as YDE, Uzzi, Earthaddict, Earthchild and Naartjie. The boutique range of accessories sold by Truworths includes watches, sunglasses, fragrances and gift ideas. Truworths Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Niger Insurance Plc (NIGERI.ng) Q32017 Interim Report

first_imgNiger Insurance Plc (NIGERI.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2017 interim results for the third quarter.For more information about Niger Insurance Plc (NIGERI.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Niger Insurance Plc (NIGERI.ng) company page on AfricanFinancials.Document: Niger Insurance Plc (NIGERI.ng)  2017 interim results for the third quarter.Company ProfileNiger Insurance Plc is a life and general insurance company in Nigeria underwriting all classes of insurance. Life insurance products include endowment policies, group life, mortgage protection and term assurances. Non-life insurance products range from aviation hull and liability and fire and special perils to public liability insurance, professional indemnity and workmen compensation insurance. The company also markets products under the brand name Niger Cash, Niger Flexible Investment Assurance, Niger Mutual Halal, Niger Personal Pension and Savings. Founded in 1962 and formerly known as The Niger Insurance Company Limited, the company changed its name to Niger Insurance Plc in 1989. The company has a sound reinsurance treaties with reinsurance companies led by Swiss Re. Niger Insurance Plc’s head office is in Lagos, Nigeria. Niger Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

Vodacom Tanzania Limited (VODA.tz) Q12017 Interim Report

first_imgVodacom Tanzania Limited (VODA.tz) listed on the Dar es Salaam Stock Exchange under the Technology sector has released it’s 2017 interim results for the first quarter.For more information about Vodacom Tanzania Limited (VODA.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Vodacom Tanzania Limited (VODA.tz) company page on AfricanFinancials.Document: Vodacom Tanzania Limited (VODA.tz)  2017 interim results for the first quarter.Company ProfileVodacom Tanzania Plc is a telecommunication company in Tanzania offering products and services ranging from voicemail, data and messaging to leased lines, PABX and international connectivity and remote satellite communication. Vodacom Tanzania also offers products and services for mobile banking, hosting, data storage, disaster recovery and security solutions. Vodacom Tanzania supports Vodacom M-Pesa, a financial app used to send money using a mobile phone; and Vodacom M-Pawa which allows customers to access savings and loan accounts. The company has active roaming agreements with global operators including T-Mobile USA Inc, Vodafone Limited (UK) and Vodafone Limited (India). Vodacom Tanzania Plc is a subsidiary of Vodacom Group Limited. Vodacom Tanzania Limited is listed on the Dar es Salaam Stock Exchangelast_img read more

Mainland Real Estate Ltd (MAIN.mu) 2020 Abridged Report

first_imgMainland Real Estate Ltd (MAIN.mu) listed on the Stock Exchange of Mauritius under the Investment sector has released it’s 2020 abridged results.For more information about Mainland Real Estate Ltd (MAIN.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Mainland Real Estate Ltd (MAIN.mu) company page on AfricanFinancials.Document: Mainland Real Estate Ltd (MAIN.mu)  2020 abridged results.Company ProfileMainland Real Estate Limited is a real estate company that is focused on investments in undervalued and high quality investment grade real estate assets as well as companies which deliver suitable returns for investors through both income and capital growth. Lux Island Resorts Limited is listed on the Stock Exchange of Mauritius.last_img read more

Forget penny stock trading! The Warren Buffett way is a safer route to becoming a millionaire

first_img Our 6 ‘Best Buys Now’ Shares See all posts by Kirsteen Mackay Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Image source: Getty Images Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Kirsteen Mackay | Tuesday, 14th July, 2020 Forget penny stock trading! The Warren Buffett way is a safer route to becoming a millionaire Penny stock trading is the highly volatile, short-term practice of investing in stocks usually priced around a penny (or just a few pence) a share. Since the coronavirus pandemic caused the March market crash and subsequent lockdown, penny stock trading is gaining popularity. People have time on their hands and without sports to gamble on, penny stocks look appealing. These share prices fluctuate rapidly, which means a lot of money can be made or lost in a brief space of time. The potential gains pull in investors, but the losses can be brutal.Fear of missing out (FOMO)?Along with the promise of potential gains, fear of missing out is often what drives investors into trading penny shares. UK Oil and Gas (UKOG) is an example of a widely traded stock that has plummeted this year. UKOG has been hyped and sold and bumped and boosted for years. But apart from an exciting period in 2017 when its share price almost hit 9p, it has otherwise barely been above 2p in the past five years. UKOG is a perfect example of the pitfalls of penny stock trading. The share price has fallen 78% year-to-date from 0.85p to 0.18p today. During this time, many holders of this share have lost money repeatedly.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…There are some shares in the FTSE All-share index that may be confused as penny shares because their share prices are so low. These bigger companies don’t fit the classic categorisation of penny stocks but still qualify for the ‘dirt-cheap bargain’ description that drives so many investors into penny stocks.For example, Tullow Oil shares have been languishing around 30p for a few weeks. It is up 37% in the past three months but still has many hurdles to cross. Stocks like Tullow, Premier Oil, EnQuest, and Lloyds Bank are all risky buys. But these are established companies with track records and determination. They have a higher likelihood of surviving the coming year than many that have share prices in the 1p-10p region. I am not confident enough to buy shares in any of them. But some investors will deem them cheap and worth a long-term investment.Avoid penny stock trading volatilityUnderstanding the business, the sector, and the world it operates in is key to making sensible investment decisions. Investing off a hunch or because you like the sound of a company, is not a rational way to invest. Carrying out research, monitoring cash flow and income statements and reading a company’s annual returns are all vital if you intend to invest sizeable sums of money into a business. This is billionaire investor, Warren Buffett’s approach to stock market investing, and it is not as tiresome as it sounds. It does not take long to build up a clear picture of what you are getting yourself into with time spent reading and researching. Many successful investors have become ISA millionaires by following Buffett’s investment model.Buffett chooses an established company that is struggling for reasons that can be overcome and shows clear potential for growth. This capacity for significant growth is the driving force of penny stock trading, but it is possible to buy lucrative growth stocks within a long-term investment portfolio, without resorting to the risk associated with penny stock trading. Simply click below to discover how you can take advantage of this.last_img read more

Should I buy Zoom shares or is it too late?

first_img Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Jonathan Smith | Monday, 15th March, 2021 | More on: ZM I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img Should I buy Zoom shares or is it too late? Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I think I’d struggle to find anyone who hasn’t been on a Zoom Video Communications (NASDAQ:ZM) call over the past year. It’s become part of our lockdown lives, as one of the main ways to work and socialise. Zoom shares have obviously benefited from this surge in demand from consumers over the past 12 months.With some companies bringing in permanent remote working, Zoom could be here to stay for many of us. If so, it might not be too late to benefit from further potential gains in Zoom shares.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Already Zooming higherAlthough I can’t believe I’m saying this, I need to make sure I’m talking about the right Zoom company. As well as the Zoom I’m referring to, there’s also a company called Zoom Technologies. Incredibly, this company saw a huge 10x share price spike last year as investors confused it with the other Zoom! This move obviously retraced back when people realised, but it does show the importance of doing research.Now that we’re looking at the correct company, how much of a move higher have Zoom shares already seen? Well over a one-year period, they’re up 230%. That’s a very strong performance. If we pull this back a little further to when Covid-19 was just starting to generate some noise (around mid-December 2019), they’ve gained even more. Over this timeframe, Zoom shares have rallied around 430%.Not all of this move was purely speculative buying due to the pandemic. Zoom released full-year earnings in early March, showing that it had performed well during this period. Revenue was up 88% versus 2019, with 81,900 business customers. The growth in business usage was 61% from 2019.Higher revenue also provided a huge boost for cash flow. Free cash flow stood at $113.8m at the end of the year, up almost 5x on the figure from the previous year. So it’s clear that the move higher in Zoom shares was well founded.What’s the outlook for Zoom shares?The big question in my mind is whether Zoom is a flash-in-the-pan. The pandemic will end eventually. Will people drop (or at least reduce) Zoom usage as we get back to normal? Or will our lives be in a new normal, where video conferencing is still very much needed?If the usage of Zoom collectively drops, I struggle to see Zoom shares remaining at the current levels. It has a high P/E ratio of 142, and a market valuation of $100bn. Net income for the year was $21.4m, so there’s a huge premium being placed on the stock right now. I think this is assuming Zoom will continue to grow, which I think is a risky assumption.I also believe that even if we do keep video conferencing, competition for Zoom will be intense. Microsoft Teams and Google Meet (from Alphabet) are just two examples of larger tech businesses that have the scale and ability to eat into its market share. From my angle, I struggle to see how buying Zoom shares right now would be justified. I think the potential upside is limited, whereas the downside could be significant. For that reason, I think I’ve missed the boat, and so would look at other ideas for stocks to buy. See all posts by Jonathan Smith Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Alphabet (A shares), Microsoft, and Zoom Video Communications. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this.last_img read more

Celebrity charity closes down

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Celebrity charity closes down About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Celebrities can bring valuable publicity and clout to charities. Unfortunately, if the charity hits problems, the celebrity link can ensure that those problems get a very public airing.For example, author Tom Clancy’s support for the Kyle Foundation has ensured that the charity’s demise is aired nationally.Read Writer’s Dream for a Charity Turns Bitter by Michael Moss and Jim Rutenberg at the New York Times. Advertisement  10 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 10 July 2000 | News read more

Against the continued occupation of Iraq

first_imgThe International Anti-Occupation Network in Tunis issued this statement on May 13.Fifteen years have passed since the U.S.-led invasion. For the Iraqi people, it has been fifteen years of destruction, death, violations and hardships.Under the present circumstances in Iraq, holding fraudulent elections does not offer any solution. It is the continued foreign intervention, the political disenfranchisement and the corruption that are the root causes of the continued violence and the suffering of the Iraqi people. Anti-war forces must continue to oppose the sectarian system, established by the U.S. occupation. It should come as no surprise that a majority of the Iraqi people refused to participate in this electoral farce. The results of such an election are not credible.The right of the Iraqi people to make their own constitution and laws must be fully respected and not be dictated by an occupation administration, in violation of international law.Members of the International Anti-Occupation Network (IAON) from Belgium, Portugal, Sweden, Switzerland and {Britain], meeting in Tunis, agreed that the occupation has destroyed all sectors of Iraqi society, and that the installed ­regime is incapable of solving any of the enormous problems that Iraq faces.Under the pretext of fighting ISIS [the Islamic State group], eight major cities have been destroyed and left in ruins and many residents are unable to return to their homes. The Iraqi security forces and various militias have committed numerous war crimes. The criminal justice system, which lacks an independent judiciary and perpetuates injustice, has failed to respond to arbitrary arrests, torture and summary executions.The current state of impunity must be brought to an end. All those responsible for the destruction caused by the invasion and occupation, as well as the widespread violations of human rights must be held accountable and the victims compensated.The IAON is a network of solidarity organisations that share information about developments in Iraq and mobilize support for resistance against all forms of the continued occupation and foreign domination of Iraq, We reaffirm the principles of our declaration in Le Feyt in August 2008. This offered a way forward from the disasters the invasion and occupation have created. We will continue our efforts until Iraq has regained its full national sovereignty.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this read more