Category: hdfragtumvnh

Belgian government courts MasterCard for cross-border IORP

first_imgBelgium’s finance minister, Johan van Overtveldt, has been in talks with management of multinationals in New York in order to attract pension funds of multinational companies.Belgian newspaper Het Laatste Nieuws reported that the minister had discussed a potential move with MasterCard, and said that Van Overtveldt wanted to position Brussels as a financial centre.According to the paper, MasterCard is the only known company the minister has visited.It noted that firms were loath to see their name publicly mentioned due of the sensivity of the subject – and earlier resistance to cross-border moves by BP and ExxonMobil. In Van Overtveldt’s opinion, Belgium not only could offer a beneficial tax framework, but also the required expertise for pensions management, the paper noted.“As we appear to be attractive, I want to step up efforts and convey the message to other companies with pension funds all over Europe,” the newspaper quoted the minister as saying.Van Overtveldt’s comments come less than a year after Belgium’s penisons minister Daniel Bacquelaine told the IPE Conference & Awards in Barcelona his government planned to reduce obstacles facing cross-border IORPs in order to attract a greater number of transfers.Several political parties in the Netherlands have voiced their concern about Dutch pensions assets moving to Belgium.Helma Lodders, MP for Dutch prime minister Mark Rutte’s VVD, said the Netherlands was not sufficiently attractive for foreign pension funds to wish to relocate.The opposition Christian Democrats (CDA) and the Socialist (SP) parties said that they opposed pensions funds leaving the Netherlands.Pieter Omtzigt, MP for the CDA said: “Our national employment benefits agency UWV doesn’t move to Brussels in order to carry out its tasks from there either.”Responding to the Belgian efforts to attract pension funds, Omtzigt said he had serious objections in regard to the IORP Directive.IPE has contacted both MasterCard and Belgium’s finance ministry for additional comment.last_img read more

A new survey has revealed how clueless many Aussies are about their finances

first_imgNatalie Jones fears she will never own her home and is stuck on the rental wheel.day, November 28, 2018 (AAP/Image Steve Pohlner)ARE you financially fit? A new survey has seen homeowners and renters go to head-to-head to test their ‘financial consciousness’.The Financial Consciousness Index (FCI), which was commissioned by comparethemarket.com.au and developed by Deloitte Access Economics, tested 3000 individuals’ belief in their ability to influence their financial outcomes, as well as their willingness to make a change to improve their financial wellbeing. Whether some owned their own home was a major contributing factor affecting a respondents score, as was their age, income, gender, location, and education. As a result, Aussie homeowners came out on top, scoring 56 out of 100 compared to renters, who scored 44 in the financial test. Natalie Jones, 34, can’t imagine ever owning her own home. She works full-time as an administrator in manufacturing services, but says saving for a deposit seems impossible.“Over a quarter of my wage goes to paying rent for a studio apartment (in Auchenflower),” she said. “My savings are dwindling, wage growth is barely CPI, job security is a concern.“I have had to cut right back on lots of things, but it seems to be getting harder and harder to make ends meet.” Many Aussies are clueless about the cash rate Thinkstock.Alarmingly, the survey found that many Aussies were “lost’ when it comes to the cash rate, while over two thirds of homeowners (68 per cent) had never or don’t know if they have stress tested their loan. One in 10 respondents (11 per cent) admit they would have to draw down on their mortgage or take out a loan if they were suddenly unemployed.Mr Attrill said 54 per cent of respondents very rarely or never monitor cash rates, and a further quarter (24 per cent) had never heard of the RBA cash rate announcement. “This dearth in financial literacy and a general lack of engagement with other key financial indicators is concerning given its potential for broader economic implications to the nation’s financial health,” he said.Further, the survey revealed that 27 per cent of respondents were not convinced they were getting the best deal on their home loan, but many admitted to not shopping around. Mr Attrill likened it to “decision paralysis”, saying many respondents feared making the wrong decision. Natalie Jones fears she will never own her home and is stuck on the rental wheel (AAP/Image Steve Pohlner)More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoOther survey findings included that 73 per cent of homeowners believed their property would either hold or increase in value next year, and 70 per cent believed their home had either held or increased its value compared to last year.Comparethemarket.com.au general manager of banking Rod Attrill said homeowners should not presume their property would always rise in value.“Like all investments, the property market demonstrates a cyclic pattern with stagnation following a period of growth,” he said. “Although the cash rate still remains unchanged, there are obvious signs that the market is turning and we’re seeing out-of-cycle rate increases by major and non-major banks alike. “Interest rises should be a reminder for consumers to compare home loans to see if they can get a better deal.”last_img read more

Gordon dares Duterte to name 2 ‘narco generals’

first_imgHe added that the prompt identificationof these high-ranking police officials will speed up their apprehension.“They can be put into administrative arrest already. Puwede na niya i-put intoquarters ang mga ‘yan. In fact, kahit na ang mga regional commanders cansummarily dismiss them and even file a case,” said Gordon.President Duterte recently revealed in a forum in Sochi, Russia that there weretwo generals who are involved in the illegal drug trade but did not identifywhether they come from the police or military.Duterte’s statement came after the revelation at the Senate hearings that outgoingPhilippine National Police chief General Oscar Albayalde asked to stop theimplementation of the dismissal order against 13 ninja cops, who conducted ananti-drug operation in Pampanga that was allegedly riddled with irregularities.While the President would let the Senate finish its investigation on ninjacops, he would wait for the recommendation of the Interior Secretary Eduardo Añoto finish his internal investigation before acting on the case./PN MANILA – Sen. Richard Gordon has dared PresidentRodrigo Duterte to reveal the names of the two generals who were allegedly“still playing” with illegal drugs. Naming the so-called “narco generals”will send a strong message that the government were not just targeting thesmall fry, stressed Gordon.  “Kung alam na niya [Duterte], dapat tuluyan na niya. ‘Wag na niya kaming hintayin,” Gordon saidin an interview with DWIZ. last_img read more

Poyet desperate for a win

first_imgGus Poyet has told his rock-bottom Sunderland side they need to start winning games immediately, starting with Sunday’s Tyne-Wear derby. Poyet endured a tough baptism as Black Cats boss after they were thumped 4-0 at Swansea on Saturday, conceding three of those goals in just seven second-half minutes. The Wearsiders remain firmly rooted to the foot of the table with just one point from their first eight games, equalling the worst start ever made to a Premier League campaign. But he insists he was already fully aware of what he was getting into when he took the job, although he warned supporters it may take time for his influence to be felt. “I knew what the task was. I know, with my knowledge, what we need to work on,” he said. “But I don’t know how quickly it will work. I can’t tell people it will work in five days or a month. “I hope it works really quickly. We cannot lose many more times. “From my side it’s great to have a long week before playing Newcastle. “Monday to Saturday with the game on the Sunday gives me enough time to work on the pitch with the players, every day.” But Poyet made it clear he had been disappointed in how some of his players reacted to going behind against Swansea. “I’m not going to say names, but there were players who reacted in a good way to the first goal and players who reacted in a different way. “Things changed. People stopped doing things or people tried to do too much. “That’s something you shouldn’t change. If you believe in what you are doing then you do the same. “You keep playing and believing. You do it constantly. Every day. “I used to say, ‘Every single ball every day is important’. It wasn’t like that in the second half. It’s a very good learning situation for me.” He added: “It’s about Saturday at 3pm. Monday, Tuesday, Wednesday or Thursday doesn’t matter. It doesn’t matter what people talk about, what I say or what I think. It’s about Saturday at 3pm for 90 minutes and that is the only thing we need to put right.” Poyet was deeply unimpressed with the manner in which his side capitulated at the Liberty Stadium, and now they face a crunch clash with local rivals Newcastle at the Stadium of Light on Sunday. The Uruguayan did not want to build-up the significance of the battle for local bragging rights, but acknowledged his side’s pressing need for a first three-point haul of the campaign makes it a “great opportunity”. “On one side, we have time,” said the former Brighton manager. “But I don’t want to go to the other side and say this game is a final. “But at the end of the day, it’s about winning a football game, and it needs to be now. “We say in Spain, ‘Yesterday and not even tomorrow. Now’. So then we go from there. “It’s a great opportunity. Can we do it? I believe we can, and we are going to work so hard this week to make sure that it is possible.” The alarming manner of the defeat in south Wales appeared to ram home the scale of the task facing Poyet after taking over from Paolo Di Canio. Press Associationlast_img read more

Kumar and Sanichara win E-Networks Easter Badminton tournament

first_imgCHRISTINA Kumar and Easa Sanichara were crowned winners in the E-Networks B-Division Easter Badminton Tournament, which was played on Friday at the National Gymnasium.In the female competition, Kumar got past Stephanie Sajar 21-12, 21-7 in the quarterfinals, before defeating Emelia Ramdhani in the semi-finals.The battle against the mother of national champions, Priyanna and Narayan Ramdhani, was intense and it took Kumar three sets to advance. She battled back from a 19-21 loss to win 21-9 and 21-14.In the final, Kumar eased past Anna Perreira 21-8 and 21-2. The second place finisher had battled past Ayanna Watson 21-12, 19-21 and 21-15.Ramdhani and Perreira settled for joint third.In the Ladies Singles Consolation final, Kaylie Anthon got the better of Khaya Boswick 21-11, 21-17.In the men’s singles, Sanichara defeated Elion Beaton 21-4, 21-12 in the quarterfinals, before he got past Isaac Mallampati 21-14 and 21-12 in the final four and Hemraj Beharry 21-16 and 22-20 in the grand finale.Beharry had defeated Jamal Shamsudeen 21-11 and 21-16 in the semifinals.Meanwhile, in the men’s consolation final, Matthew Beharry got past Shimron Lewis 21-16, 21-17.last_img read more

‘Jackie Chan’ stars as Sparta Boss take GT Beer ‘Keep Yah Five Alive’ title

first_imgGREGORY ‘Jackie Chan’ Richardson was his usual destructive self, on Saturday evening, when he wreak havoc in the National Gymnasium to propel Sparta Boss to a 4 – 3 come-from-behind victory over Gold is Money, to claim this year’s GT Beer ‘Keep Yah Five Alive’ Futsal title and the tournament’s $550,000 first place prize.After going up 3 – 1 through goals from Jermain Junior in the 5th and 7th minutes, and Randolph Wagner in the 22nd minute, Gold is Money had a second-half collapse, which saw Richardson stepping up to the plate.Sheldon Shepherd had first put things in Sparta’s favour before Junior and Wagner pulled things back for Gold is Money, but Richardson made it 3 – 2 in the 24th minute, while one minute later, Ryan Hackett brought the scores level.With the crowd on its feet, Richardson, one of Guyana’s finest to ever play the 11-v-11 format, closed the deal for Sparta Boss with a rocket in the 42nd minute.Meanwhile, in the first semi-final, Sparta Boss made light work of Future Stars 5 – 1, and Gold is Money easily disposed of Bent Street 2–0 to set-up a mouth-watering final.Gold is Money had to settle for $250,000 and a trophy. In the third place game, Bent Street rumped to a 6 – 1 win over Future Stars to go home with $125,000. Future Stars, for their effort, left the venue with $75,000.last_img read more

Bench leads Badgers offensively

first_imgGREG DIXON/Herald photoHead coach Lisa Stone and the Wisconsin Badgers have talked the entire season about how important a complete team effort is to their success. In Tuesday’s game against UW-Milwaukee, their mantra proved true as the Badgers’ bench outscored the starters 39-32.Leading the way off the bench was junior forward Mariah Dunham with a team-high 16 points, who also made a crucial 3-pointer with just 1:30 left in regulation to give the Badgers the lead.“Thankfully, we were able to go to our bench,” Stone said. “If you look at the bench scoring we got 39 points off the bench, and that’s pretty special.”Dunham has played well in the Badgers’ past few games as she returns from a back injury that kept her out of the first two games of the season. With the opportunity to watch the team play for two games and now play with her teammates, she sees how important a complete team effort is to the Badgers’ success.“[My] back is actually doing really, really well. It doesn’t bother me at all,” Dunham said. “Emotionally, I’m just really, really proud of the team. I’ve never been on a team that’s focused so much on the team. It doesn’t matter who starts … as long as we got the win.”As the Wisconsin offense stalled in the second half with the pressure defense from UW-Milwaukee, Dunham was able to come in off the bench and make some shots to get the Badgers rolling.“Mariah gave us a lift,” Stone said. “Their zone made us sputter, but I thought Mariah was effective, not only from the three, but also slashing into the middle and getting on the offensive boards for us.”Also making a big impact off the bench for UW was freshman guard Jade Davis. In the midst of a first half scoring drought for Wisconsin, Davis sparked the Badger offense, hitting a pair of 3-pointers and going 2-for-2 from the charity stripe to help the Badgers take a 29-18 lead into halftime.“Jade’s couple of threes in the first half opened it up for us,” Stone said. “We were getting shots off, but they [were] not going in, and Jade knocks down a couple of threes.”Davis finished the game with 10 points on 3-of-6 shooting from the field. She also recorded two rebounds, two assists and two steals in 32 minutes of play off the bench.Panthers steal momentum in second half with defensive changeDespite leading by as many as 16 points with just 11:15 left in the second half, the Wisconsin Badgers just couldn’t seem to put UW-Milwaukee away. The Badgers let the Panthers steal the momentum and send the game to not one, but two overtimes and leaving the Panthers with an opportunity to win the game at the buzzer.The biggest problem for Wisconsin was the defensive change UW-Milwaukee made after the second media timeout of the second half. As the Panthers turned up the pressure on the Badgers, the game’s momentum shifted and the Panthers seized the opportunity.“I felt like we just got Wisconsin off the rhythm that they were in,” UWM head coach Sandy Botham said. “That zone really was effective. Basketball is all about momentum, [and] we were able to get the momentum back on our side.”The Badgers were caught off guard by the defensive change, leading to turnovers and missed shots offensively, which in turn led to Panther scoring opportunities.“I think it was a good move on their part to switch up their defense,” junior guard Rae Lin D’Alie said. “They kind of threw it at us, and I think we just kind of sputtered with it.”Compounding the Badgers’ troubles against the Panthers’ zone and three-quarter court trap was early foul trouble in the second half. Before reaching the second media timeout, Wisconsin had already reached the penalty, giving UW-Milwaukee the opportunity to shoot free throws on every foul the rest of the way.The Panthers made the most of it, shooting 11-for-16 from the line in the second half and overtime.“Our players really fought and put themselves in a position to beat the Badgers on their home court,” Botham said.Despite letting the Panthers take control of the game with pressure defense and strong shooting — UWM shot 54.2 percent from the field in the second half — the Badgers battled back and found a way to deal with the change in defensive pressure.“After a while we found where the open shot was,” D’Alie said. “Most likely, on the two-on-one side, if you could get the ball in the corner you’d have an open jumper. I think, after a while, we found out how to work it.”last_img read more

Syracuse season ends after 1st-round loss to Louisville in ACC tournament

first_img Facebook Twitter Google+ Despite grabbing an early lead, Syracuse saw its season end Wednesday afternoon in the first round of the Atlantic Coast Conference tournament.The 12th-seeded Orange (8-13, 3-11 ACC) nearly rallied back to win after dropping the doubles point, but fell 4-3 to 13th-seeded Louisville (12-15, 2-10) in Cary, North Carolina.“Today was a little bit more emotional than other days,” head coach Younes Limam said. “… It’s a little bit sad to see and to realize that it was our three seniors’ last match.”Louisville’s doubles tandem of Chloe Willetts and Ariana Rodriguez topped SU’s Valeria Salazar and Komal Safdar, 8-6, while Elle Stokes and Olivia Boesing beat Breanna Bachini and Nicole Mitchell by the same score to secure the doubles point for the Cardinals.Syracuse quickly tied the match when No. 1 singles player Amanda Rodgers made quick work of Stokes, 6-0, 6-3.AdvertisementThis is placeholder text“Amanda played great tennis from start to finish,” Limam said. “She played on her terms.”In the only other match that didn’t go the full three sets, Safdar disposed of Rodriguez at fifth singles, 6-4, 6-3, giving the Orange a 2-1 lead. And when Rhiann Newborn won her match at third singles, 1-6, 6-3, 6-2, it looked as if SU was in control.But things started to go downhill when Salazar lost her match at second singles. After winning the first set, she relinquished the lead, falling 5-7, 6-3, 6-4 to Manuela Velasquez.Louisville then evened the match as Boesing outlasted Bachini at fourth singles, 6-4, 4-6, 6-3, leaving Syracuse’s fate in the hands of Mitchell at sixth singles.Mitchell dropped the first set but rebounded to win the second set, 6-2. She led the third set, 5-4, before dropping the last three games to lose, 6-3, 2-6, 7-5.“This was the first time that Nicole found herself in that position and it’s not a position that is easy to manage,” Limam said. “You’re a freshman and you’re playing to clinch the match. There were a lot of nerves, but I’m very proud of how Nicole handled the situation.”With Mitchell’s loss, SU’s season was over.The Orange will return four of its seven players for the 2015-16 season: Mitchell, Newborn, Salazar and Olivia Messineo. It will lose Bachini, Rodgers and Safdar, all of whom are graduating this spring. Comments Published on April 22, 2015 at 5:07 pm Contact Michael: mdburk01@syr.edulast_img read more

De Gea Error Gifts Chelsea Advantage in Race for Top Four

first_imgShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram A mistake by goalkeeper David de Gea gifted Chelsea an equaliser as Manchester United’s hopes of playing in next season’s Champions League were dented at Old Trafford yesterday.With United leading through Juan Mata’s goal against his former club, De Gea spilled Antonio Rudiger’s 30-yard attempt for Marcos Alonso to level shortly before the interval.It was a costly error by the Spaniard, whose form has come under scrutiny in recent weeks, although De Gea did come to his side’s rescue deep in stoppage time to deny Gonzalo Higuain a dramatic winner. Up until Chelsea’s equaliser, United had been in control yet they remain sixth in the table, three points behind fourth-placed Chelsea with two games to play, after a third successive league game without a win.In a competitive game, both teams suffered injuries.After Rudiger was forced off in the 64th minute, United defender Eric Bailly, who was making his first league start since 3 February, was helped off six minutes later.With two games of the season left – and United’s hopes of qualifying for next season’s Champions League now out of their own hands – Ole Gunnar Solskjaer is facing a dilemma regarding his goalkeeper.The United boss had to defend De Gea before this game because of the Spaniard’s shaky form.He was culpable for at least one of Manchester City’s two goals in United’s midweek derby defeat at Old Trafford, having been at fault for Lionel Messi’s second in the 3-0 defeat at Barcelona in the Champions League on April 16.“He’s for me been the best player United have had for the last six or seven years,” said Solskjaer ahead of Chelsea’s visit. “He has been absolutely outstanding – going through tough patches is part of a footballer’s career and David will be fine.”But De Gea was anything but fine as Rudiger let fly from 30 yards with Chelsea’s first shot on target two minutes before the interval.It looked a routine save for a player of De Gea’s ability, but the ball spilled from his grasp and Alonso reacted quickly to tuck home his first Premier League goal since 18 August.His save to deny Higuain in the dying moments, with the Chelsea forward clean through, saved United from defeat but De Gea’s inconsistent form remains a worry.United had Sergio Romero on the bench against Chelsea. The Argentine has not made a Premier League appearance since 13 May 2018 when he kept a clean sheet in a 1-0 win against Watford.It remains to be seen whether he will be called into action before the end of a disappointing season in two weeks time.With Tottenham losing at home to West Ham on Saturday and Arsenal losing heavily at Leicester earlier on Sunday, this result means none of the teams placed between third and sixth won over the weekend.Five points separate Tottenham, Chelsea, Arsenal and Manchester United with 180 minutes of the Premier League season remaining.For United, they will hope the teams above them keep dropping points as they look to avoid missing out on a top-four spot for the third time in four seasons.last_img read more