Investors in Irish bank bonds could be forced to share in the bailout pain whatsapp whatsapp Tags: NULL Share Monday 22 November 2010 7:58 pm Show Comments ▼ KCS-content INVESTORS in some of the riskiest kinds of Irish bank debt could face big losses as part of the bailout deal being thrashed out between the Irish government, the EU and the International Monetary Fund (IMF). Already, some Irish banks, many of which have been semi-nationalised, are attempting to restructure their debt. Anglo Irish Bank Corp yesterday announced that bondholders of €1.58bn’s worth of its debt – bonds due to mature in 2014, 2016 and 2017 – had agreed to swap their notes for one-year government-backed securities paying 3.75 per cent over the euro interbank offered rate.The question of whether bondholders will have to take haircuts – that is, write-downs on the value of their debt – on their Irish bank securities will be decided over the coming weeks as the Irish government negotiates the terms of the nation’s bailout. However, some think haircuts are unlikely. In a note to investors, analysts at Deutsche Bank wrote: “There is only around €20bn of senior unsecured, non-government guarantee bank paper. Even a 50 per cent haircut would only save €10bn.” More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Elitloppet at Solvalla racecourse – the largest event on the Swedish harness racing calendar – is set to attract betting interest from a record 18 countries, former racing monopoly AB Trav och Galopp (ATG) has said.In addition to Sweden, bets will be taken from Finland, Denmark, Norway, Germany, Austria, the Netherlands, Belgium, France, Italy, Hungary, Greece, the UK, Malta, South Africa, the US, Australia and New Zealand.Bets from eleven of these countries will go towards the Swedish pari-mutuel pool, while the remaining countries’ bets will be part of their own racing pools. However, ATG did not say exactly which countries would be commingling, and which would be operating their own pools.“It is truly inspiring that the Elitloppet is attracting so much international interest,” Ylva Svensson, head of international at ATG, said.With sports and racing in many other countries suspended, ATG noted an increased level of international interest in Swedish harness racing, which has continued through the novel coronavirus (Covid-19) pandemic.“We have taken our mission, to maintain interest in racing in Europe and the rest of the world during this crisis, as seriously as possible,” Svensson added. “The Elitloppet is one of the few sporting events that can be carried out this spring and so it’s receiving extra focus from many international gaming companies.”The race will take place on Sunday 31 May.Yesterday, Sweden’s Minister for Social Security Ardalan Shekarabi put forward an amended set of temporary restrictions on gambling in which he aims to make horse and sports betting exempt from an SEK5,000 (£401/€459/$495) weekly deposit limit. The exemption had previously been recommended by ATG in a consultation held on the original controls. Subscribe to the iGaming newsletter Regions: Europe Nordics Sweden Email Address ATG: Elitloppet recieving record international interest The Elitloppet at Solvalla racecourse – the largest event on the Swedish harness racing calendar – is set to attract betting interest from a record 18 countries, former racing monopoly AB Trav och Galopp (ATG) has said. Topics: Sports betting Sports betting 26th May 2020 | By Daniel O’Boyle
Kenya Commercial Bank Limited (KCB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2017 annual report.For more information about Kenya Commercial Bank Limited (KCB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited (KCB.tz) company page on AfricanFinancials.Document: Kenya Commercial Bank Limited (KCB.tz) 2017 annual report.Company ProfileKenya Commercial Bank Limited is a leading financial institution in Tanzania offering retail and corporate banking services as well as mortgages, treasury and Bancassurance services. Kenya Commercial Bank offers financial solutions ranging from current accounts, overdrafts and loans to fixed and short-term deposits, mortgage finance, trade finance and forex, and business investment accounts. The banking institution participates in investments in Treasury Bills and Bonds with the central banks. Wholly-owned subsidiaries in the banking group include Kenya Commercial Finance Company Limited, Savings & Loan Kenya Limited, Kenya Commercial Bank Nominees Limited, Kencom House Limited, KCB Tanzania Limited, KCB Sudan Limited, KCB Rwanda SA and KCB Uganda Limited. Kenya Commercial Bank Limited is listed on the Dar es Salaam Stock Exchange.
Harvey Jones 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. Buying shares like this one may also help. Image source: Getty Images 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. 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ArchDaily Projects “COPY” 2017 House in Sajonia / Plan:b arquitectosSave this projectSaveHouse in Sajonia / Plan:b arquitectosSave this picture!© Alejandro Arango+ 21Curated by Clara Ott Share House in Sajonia / Plan:b arquitectos Lead Architects: “COPY” Clients:Privado (Luz Helena Rodríguez)Interior Design:Luz Helena Rodríguez Diseño interiorBuilder:HeiconDesign Team:María Clara Osorio, Laura Kate Correa, Esteban Hincapié y Natasha ÁlvarezCity:RionegroCountry:ColombiaMore SpecsLess SpecsSave this picture!© Alejandro ArangoRecommended ProductsWoodBlumer LehmannFree Form Structures for Wood ProjectsEnclosures / Double Skin FacadesFranken-SchotterFacade System – LINEAWoodStructureCraftEngineering – Architectural & FreeformEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsText description provided by the architects. This house was designed for a rural plot of land that is part of a high mountain that descends into the Valley of San Nicolás, to the east of Medellin. The site was transformed and flattened previous to the start of the design. Therefore, the goal was to occupy the empty space left from the earth works with the house while it shaped a flat patio with the existing slopes and benefitted from the best distant views. The reddish colors of the exposed tropical earth and the green of the local vegetation were used as a basis for the design as well as the wall and exposed metal structure color choice.Save this picture!© Alejandro ArangoSave this picture!General planSave this picture!© Alejandro ArangoThe house is organized through a sequence of 4 parallel pitched rooves. Below the first and in a rectangular volume, the main house is distributed, with view to the distant rural scenery. Below the second, which works like an open pergola, the parking area and the main entrance to the house and patio are located. Below the third and fourth a second house for visitors with an interior terrace that opens out to the garden is positioned. In fact, the house was designed with a system of parallel rooves that could grow in time: starting with the main house, then the parking area and finally the guest house, although, during the construction it was decided to build the house entirely in only 1 stage.Save this picture!© Alejandro ArangoSave this picture!ElevationsSave this picture!© Alejandro ArangoThe light metal structure that gives shape to the rooves stand on square perimeter columns separated from the exposed brick walls that close the house leaving covered strips for open sidewalks, gardens and vegetable patches around the whole house. In the interior all the materials are exposed in a simple way: green metal structure, wooden beams, wooden stripped ceiling, wooden floors, brick walls and reticular wooden windows.Save this picture!© Alejandro ArangoProject gallerySee allShow lessTesseract House / Phaedrus StudioSelected ProjectsKM House / Estudio Pablo GagliardoSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/923492/house-in-sajonia-plan-b-arquitectos Clipboard Felipe Mesa, Federico Mesa Year: Photographs: Alejandro Arango Manufacturers Brands with products used in this architecture project Manufacturers: AutoDesk, Argos, Corona, Ladrillera Casa Medina, Trimble Navigation ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/923492/house-in-sajonia-plan-b-arquitectos Clipboard Photographs CopyHouses•Rionegro, Colombia CopyAbout this officePlan:b arquitectosOfficeFollowProductsWoodSteelBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRionegroColombiaPublished on August 23, 2019Cite: “House in Sajonia / Plan:b arquitectos” [Casa en Sajonia / Plan:b arquitectos] 23 Aug 2019. ArchDaily. Accessed 11 Jun 2021.
17 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 8 February 2004 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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. US online fundraising software companies Convio and Kintera report that they processed $40 million and $53 million respectively in online donations for their clients during 2003.For Convio this was a tenfold increase on the previous year and for Kintera it was a sixfold increase. Nor is the increase due simply to more non-profits starting to fundraise online. Wired quotes Convio CEO Gene Austin as saying that 70% of this increase came from the activities of existing clients.Successful clients include the Jewish National Fund which raised more than $1 million via the Web in 2003, compared to $663,000 online in 2002 and $325,000 in 2001. Its Web site has helped recruit 57,000 new donors in the past three years. Advertisement Convio’s system has been used by US presidential candidate Howard Dean to raise $11 million online during six months. Tagged with: Consulting & Agencies Digital Research / statistics Two US agencies handle $93 million in online donations in 2003
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. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Charities Regulator in Ireland Charity Commission christmas Ireland regulation 112 total views, 4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Charities Regulator in Ireland is advising the general public to check the Charities Register as the first step when it comes to donating safely to charities this Christmas.“Christmas is a very important time for charities when it comes to raising funds for their work,” Charities Regulator Chief Executive John Farrelly said.“We want to ensure that people can donate to registered Irish charities and have some peace of mind. Checking the Charities Register should be the first step,” he added.The Charity Register provides information on charities, including who the charity benefits and where it operates.The Charities Regulator in Ireland has advised members of the public to consider taking these steps before donating:Check the charity name, logo and registered charity number that appear on any collection leaflets;Ensure any fundraising materials have clear contact and registration details for the charity;Check that the person collecting the donation has official identification and has a permit to collect in that particular area;Ask if the collector knows what the charity does and can give examples of its work;Do not provide your personal, credit card or online account details unless you know it is a trusted source;If you think that there is something wrong, contact the charity directly and alert them to your concerns.The Charity Commission for England and Wales, the Northern Ireland Charity Commission, and the Office of the Scottish Charity Regulator all periodically offer advice on safer charitable giving, usually at religious festivals such as Ramadan and Christmas, and in response to major emergency appeals or events like the Olympic Games. 111 total views, 3 views today Advertisement Howard Lake | 20 December 2017 | News How to give to charity safely at Christmas – Charities Regulator in Ireland
May 26, 2021 Find out more September 4, 2017 – Updated on August 23, 2019 Burma: Journalist accused of defaming Islamophobic Buddhist monk Reporters Without Borders (RSF) calls for the dismissal of the case against Swe Win, a leading Burmese journalist who is due to appear in court today in Rangoon on a charge of defaming Ashin Wirathu, a fundamentalist Buddhist monk known for his anti-Muslim tirades. Follow the news on Myanmar May 31, 2021 Find out more RSF_en RSF asks Germany to let Myanmar journalist Mratt Kyaw Thu apply for asylum MyanmarAsia – Pacific PredatorsFreedom of expressionInternet The editor of the Myanmar Now news website, Swe Win is being prosecuted under article 66(d) of Burma’s controversial Telecommunications Act as a result of a complaint brought against him by a Wirathu follower in March over a Facebook post.Today’s court appearance follows his arrest in connection with the complaint on 30 July at Rangoon international airport, as he was about to fly to Bangkok for work reasons. He was released on bail.The complaint accuses Swe Win of defaming Wirathu, the leader of the nationalist Buddhist group Ma Ba Tha (Association for the Protection of Race and Religion), by claiming that he violated the monastic code in his use of hate speech against Burma’s Muslim minority, the Rohingyas, regarded by the UN as the world’s most persecuted community.“It is incomprehensible that a journalist can be prosecuted for defamation when all he did was report facts that are established, documented and well-known far beyond Burma’s borders”, RSF said.Wirathu is notorious internationally for his diatribes stirring up racial and religious hatred. Last March, the Buddhist religious authorities banned him from preaching for a year because of his Islamophobic hate speech targeting the Rohingyas.RSF is concerned about the fact that today’s hearing is taking place at a particular sensitive moment, after clashes between the Burmese armed forces and Rohingya fighters left a toll of more than 400 dead and around 90,000 displaced in the space of a week.“The Swe Win case is a good example of the flaws in article 66(d) of the Telecommunications Act and the urgent need to repeal provisions that are supposed to prevent defamation but have proved to be powerful censorship tools”, RSF added.“We urge the Burmese authorities to quickly dismiss these proceedings against Myanmar Now’s editor, and we welcome the fact that the armed forces have just withdrawn their complaints against six other journalists.”The military announced the withdrawal of complaints against six journalists on 1 September. Explaining the decision, a communiqué said the military “recognises that media workers and [the military] share the same cause and work for the interest of the country and its people” and should be able to “continue cooperating.”The six journalists include Aye Naing and Pyae Phone Naing of Democratic Voice of Burma and Lawi Weng, also known as Thein Zaw, of The Irrawaddy, who were held for more than two months for meeting a rebel group in the course of their reporting.They also include Kyaw Min Swe and Kyaw Zwa Naing (better known as British Ko Ko Maung) of The Voice Daily, who were prosecuted over a satirical article, and Eleven Media editor Wai Phyo, who was prosecuted in connection with corruption allegations.Despite recent amendments, the Telecommunications Act and, in particular, article 66(d) of the act continue to be effective tools for censoring critics of government institutions. There have been at least 67 prosecutions linked to this article since its adoption in 2013, 14 of them targeting journalists, including two Mizzima and Democratic Voice of Burma reporters.Burma is ranked 131st out of 180 countries in RSF’s 2017 World Press Freedom Index. May 12, 2021 Find out more to go further News Journalist Swe Win goes to court in Mandalay, on July 31 2017 (photo: Stringer/AFP). Receive email alerts MyanmarAsia – Pacific PredatorsFreedom of expressionInternet News News US journalist held in Yangon prison notorious for torture Help by sharing this information News Organisation Thai premier, UN rapporteurs asked to prevent journalists being returned to Myanmar
JordanMiddle East – North Africa August 12, 2010 – Updated on January 20, 2016 New law allows government to regulate online content Organisation News Jordan bans coverage of teachers’ protests Coronavirus “information heroes” – journalism that saves lives News Reporters Without Borders is worried by a provisional cyber crimes law that the government decreed on 3 August and calls for its repeal. By establishing a legal framework for news and information websites and specifying sanctions for violators, it has created a legislative arsenal that can be used to regulate the Internet and punish those whose posts upset the authorities.The penalties, which range from fines to forced labour, depend on the content posted. The authorities have invoked the need to defend the public interest and regulate the online “chaos” but website owners and online journalists regard the law as a threat to the freedom of the media and communications.“The lack of detail in certain of the new law’s provisions, the vague concepts used to define offences and the disproportionate penalties open the door to restrictive and arbitrary interpretation that will restrict freedom of expression and information,” Reporters Without Borders said.Article 3 of the law stipulates that the authorities must be notified of what is posted online line but it does not say how or where they should be notified. Failure to comply with this article is punishable by a fine.The law also establishes a range of sanctions for online content that is deemed to defame or to violate public decency or national security. The penalties for violating public decency are likely to restrict freedom of information by being applied to innocuous content. Articles 9, 10 and 11 are supposed to target content that is immoral or pornographic or content that promotes prostitution or terrorism. The sanctions range from fines of 300 to 5,000 dinars (316 to 5,265 euros) to jail sentences of 3 months to 1 year, with the possibility of forced labour.Other articles are just as disturbing. Article 8 stipulates that the posting of any defamatory or insulting comment is publishable by fines ranging from 100 to 2,000 dinars (105 to 2,100 euros). Journalists fear that this will result in more defamation prosecutions and will complicate the work of reporting.Article 12 says that the posting of hitherto unpublished information affecting Jordan’s national security, foreign relations, public order or economy is punishable by a fine of 500 to 5,000 dinars (527 to 5,265 euros) and a minimum of four months in prison. This ban on posting confidential information will necessarily limit freedom of information. This government attempt to limit coverage of sensitive issues poses a major threat to investigative journalism.Article 13 gives the attorney-general unlimited power to issue the police with a warrant to search the home of anyone suspected of violating this law. It also authorises police officers to carry out a search on their own initiative by referring to the attorney-general. These provisions violate article 10 of the 1952 constitution, which guarantees the inviolability of the home.All these provisions reflect a government desire to control all online information. Access to more than 100 news and information websites has meanwhile just been blocked for civil servants using government computers. Follow the news on Jordan April 14, 2020 Find out more Two Jordanian TV journalists arrested after broadcasting criticism of lockdown to go further JordanMiddle East – North Africa August 12, 2020 Find out more Help by sharing this information Receive email alerts June 15, 2020 Find out more News News RSF_en