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Manufacturing figures point to slower growth – London Report

first_img whatsapp MANUFACTURING figures due out today are likely to show a loss of momentum in the UK economy’s growth.The manufacturing purchasing managers’ survey for October is forecast to sit at 51.5, the same as for September and weaker than the rates of 52.2 in August and 54.7 in July. A reading of 50 shows no change.Howard Archer, of IHS Global Insight, said: “The clear overall impression is that manufacturing activity has lost appreciable momentum compared to the early months of 2014. This is disappointing for hopes that UK growth can be broad based on a sustained basis going forward and less dependent on services sector.” Further purchasing managers’ index (PMI) reports are due out during the week, with construction figures tomorrow and services figures on Wednesday.Office for National Statistics industrial and manufacturing output results are due on Thursday, as well as the Bank of England’s latest interest rate decision. In other economic news, figures due on Friday are likely to show the trade deficit widened in September and in the third quarter overall.Meanwhile October data from the Halifax, due this week, are likely to add to the evidence that house prices are correcting from a peak earlier this year.The corporate week starts today with reports from HSBC Holdings, Telecity and Sacoil Holdings.Tomorrow Advanced Computer Software, Associated British Foods, 888 Holdings, Glencore, Imperial Tobacco, Jardine Lloyd Thompson, Legal & General, One Savings Bank, Persimmon, Unite and Weir are all due to give figures.On Wednesday Avocet Mining, Drax Group, Esure, First Derivatives, Girst Group, Hilton Food, Hunting, Lancashire Holdings, Marks & Spencer, Meggitt, Old Mutual, Wetherspoon and Wincanton will update the market. Thursday is a busy day for reporting, with news from AstraZeneca, Beazley, Cable & Wireless Communications, Cobham, Costain Group, Coca-Cola HBC, Croda, Dairy Crest, Experian, Halfords, Hikma Pharmaceuticals, Intu Properties, Wm Morrison, Promethean World, Rentokil, Rightmove, RSA Insurance, Schroders, Shanks Group, Stock Spirits Group, Synthomer and Tate & Lyle. Finally on Friday, Admiral, Ark Therapeutics Group, Bovis Homes, Capital & Counties, Capital & Regional, Spirax-Sarco and Tullett Prebon will report. Show Comments ▼ Manufacturing figures point to slower growth – London Report whatsapp Express KCS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comYahoo! SearchResearch Car Donation For CharitiesYahoo! SearchThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week Sunday 2 November 2014 11:50 pm Share Tags: Manufacturing sectorlast_img read more

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The UK is approaching the point of no return in Europe

first_imgSunday 2 November 2014 8:00 am Billy Ehrenberg More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp The UK is approaching the point of no return in Europe Britain would be reaching a point of no return if it were to ignore EU immigration rules.According to German paper Der Spiegel, the German Chancellor Angela Merkel is growing frustrated with the Eurosceptic noises coming from the Conservative party. In late October David Cameron refused to pay £1.7bn owed to the EU on time, saying the government objected to the payment and would go over the figures.If Britain were to introduce immigration quotas, as politicians have suggested, this would represent a “point of no return” for Merkel, Der Spiegel says.The Conservative leadership has come under increasing pressure to swing to the right on Europe, as Ukip gathers support around the country. Indeed, of the 12 new seats Nigel Farage’s has professed to be targeting at the 2015 general elections, 10 are currently conservative seats.Cameron has also come under pressure from members of his own party. Michael Fallon, the defence secretary said that many UK residents living on the coast feel they are being swamped by immigrants, despite data showing these areas actually have a lesser proportion of non-UK nationals.  whatsapp Show Comments ▼ Tags: NULL Sharelast_img read more

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Bank of England: Brits can cope with higher rates

first_img Share Show Comments ▼ Julian Harris Bank of England: Brits can cope with higher rates Monday 8 December 2014 12:06 am whatsapp Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap whatsapp ECONOMISTS at the Bank of England believe interest rates can rise from their current historic lows without significantly harming Britons’ spending power.The Bank’s latest quarterly report, published this morning, includes thorough calculations regarding the impact of tighter monetary policy. “Overall, these results do not imply that increases in interest rates from their current historically low level would have unusually large effects on household spending,” it says.The Bank calculated that if rates were lifted to two per cent while incomes remained unchanged, 12 per cent of households would need to adjust their finances due to mortgage costs. However, rates are extremely unlikely to rise suddenly while incomes stay completely static – so the Bank assumed a scenario of interest rates reaching two per cent while incomes climb by 10 per cent. Under these circumstances, only 1.3 per cent of households “would need to take some kind of action” with regards to spending due to higher mortgage costs. last_img read more

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CES 2015: Swarm of 1m drones set to fly this year as technology takes off

first_img CES 2015: Swarm of 1m drones set to fly this year as technology takes off Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndo Express KCS whatsapp Show Comments ▼ Monday 5 January 2015 8:51 pmcenter_img Tags: CES 2016 Share whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Commercial drones will continue to take off this year with over a million in use worldwide by the end of the year, according to a report from Deloitte.The news comes as drones take centre stage this week at the world’s biggest technology trade show in Las Vegas, where organisers of the Consumer Electronics Show have a dedicated “unmanned systems” stage to showcase the latest flying wonders from the world’s largest drone makers such as Parrot and DJI.“Drones have been prominent in news bulletins recently, with attention focused on consumer usage. But the bigger opportunity may be for businesses,” said Deloitte’s head of technology, media and telecommunications research, Paul Lee.“We don’t think this will be for deliveries to our homes – the cost per trip at an average £6 is prohibitively high – but rather for the many tasks that require some form of aerial observation.”In Deloitte’s 2015 Technology, Media and Telecommunications predictions report, due out next week, the firm predicts annual commercial drone sales could top £250m. They have already proved popular with TV and movie makers. last_img read more

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News / Container spot rates in retreat as ‘gung-ho’ carriers jockey for market share

first_img© Wiktor Wojtas By Mike Wackett 08/06/2018 The Shanghai Containerized Freight Index (SCFI) lost a cumulative 2.8% this week as container spot rates on the transpacific and Asia-South America trades went into retreat.The SCFI’s comprehensive index is 7.2% below the level of a year ago, despite bunker costs currently at around 40% higher, evidencing the gung-ho strategy of ocean carriers which have opted for a market share grab rather than obtain sufficient compensation for the steadily rising cost of fuel.But perhaps of more concern for the container lines is the stubbornly flat CCFI (China Containerized Freight Index), which is a much broader index based on both spot and contract rates of containers from all of the major Chinese hub ports, and is still on a par with the level of a year ago.Where new contract rates are concerned, carriers have failed to push through increases sufficient to cover extra fuel costs – a point conceded by Maersk Line’s chief commercial officer, Vincent Clerc, during the company’s first-quarter results presentation.“It has been difficult to pass on the full extent of all fuel cost increases to customers in contracts,” he admitted.Meanwhile, the Asia-Mediterranean trade appears to be proving more robust than the bigger North Europe route.Mediterranean spot rates as recorded by the SCFI inched up 1% this week to $904 per teu, which has prompted some carriers to increase their FAK rates on the route. For instance, CMA CGM has announced higher rates covering west Mediterranean ports from 15 June at $1,100 per 20ft and $2,000 per 40ft, compared with its current rates of $1,000 and $1,800 respectively.By comparison, the French carrier’s FAK rates for North Europe are currently $950 per 20ft and $1,800 per 40ft valid until 30 June.For North Europe, the impact of the controversial emergency bunker surcharge (EBS) seems to have run out of steam as spot rates recorded by the SCFI slid back 0.7% on the week to $870 – 7% below the level of 12 months ago.And on the transpacific there was more bad news for carriers: spot rates on the SCFI fell 6% on the week for the US west coast and 4.4% for east coast ports to $1,358 and $2,354 per 40ft respectively.But the biggest fall on the SCFI was on Asia to South America, with spot rates on Shanghai-Santos tumbling 8.7% during the week to $1,990 per teu, suggesting that the liner restructuring following Hamburg Süd’s acquisition by Maersk has had a negative impact on the pricing for the route.last_img read more

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The drug development process gets faster and, scientists hope, better

first_img Log In | Learn More What is it? The drug development process gets faster and, scientists hope, better A human B cell. NIAID/NIH About the Author Reprints Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. General Assignment Reporter Andrew covers a range of topics, from addiction to public health to genetics. In the Lab By Andrew Joseph Jan. 25, 2018 Reprints What’s included?center_img Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED GET STARTED STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Andrew Joseph As new technologies help scientists automate and miniaturize experiments, companies are getting better at streamlining the drug discovery process. This week brought two new examples.In one study, published Thursday in the journal Science, researchers at Pfizer described a new system that allows chemists to run thousands of reactions much faster than they could previously to determine the best way to produce the greatest amount of desired compounds. [email protected] @DrewQJoseph Tags biotechnologydrug developmentmedical technologySTAT+last_img read more

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Can targeting one protein complex solve multiple diseases? NodThera is betting on it

first_img GET STARTED Can targeting one protein complex solve multiple diseases? NodThera is betting on it STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Alex Hogan/STAT Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Biotech What’s included? What is it? By Diana Cai Aug. 16, 2019 Reprints Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. You bump your elbow, it swells and gets red, then it hurts. Your body dispatches white blood cells to release chemicals that promote wound healing and protect against infection. These are signs of inflammation, the body’s defense against outside dangers.Inflammation starts with inflammasomes, large protein complexes that assemble in response to pathogens or danger signals in a cell. These complexes activate additional signals that ultimately lead to an inflammatory response. When overactive, they can cause chronic inflammation, resulting in the tissue damage found in a number of diseases. Log In | Learn More Tags drug developmentSTAT+last_img read more

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The Restoration of Jang Sung Taek, Kim Jong Il’s Brother-in-law

first_img [imText1]Kim Jong Il’s brother-in-law Jang Sung Taek (61) was promoted to the party Administrative Director, who is in charge of judicature, the prosecution, the People’s Safety Agency, and the National Safety Agency, drawing interest to the influence that he would have on the planning of Kim Jong Il’s succession. A North Korean source said on the 21st that Kim Jong Il resurrected the administration of the Workers’ Party and appointed Jang as the President and have promoted his entourage, who had been punished and demoted. Stories floated around that Jang, who has played Kim Jong Il’s right hand man, had been in disciplinary confinement after receiving revolutionary education around the end of 2003 (or early 2004). Jang’s, who was restored to the 1st vice-director of Capital Construction Headquarters in January 2006, appointment as the Administrative Director means that he has been completely restored to a central bureau of power.Whether or not Kim Jong Il’s eldest son Jong Nam who is the closest person to Jang will make a comeback along with Jang Sung Taek’s restoration will be the center of focus. After Jang’s overthrow, the businesses of the Guidance Department, excluding the army, was passed onto Lee Jeh Gang, who has been in charge of leading the staff as 1st Vice-Director. Lee, since the time Kim Jong Il’s wife Ko Young Hee has been around, has been in the forefront of making Jong Cheol as Kim’s successor. Jang’s restoration may possibly put a brake between Lee Jeh Gang and Jong Cheol, who do not have a good relationship with Jang. Former Workers’ Party Secretary Hwang Jang Yop quoted the statement of a Chinese high-level figure, saying, “The eldest son Jong Cheol, as he got older, started working at the Guidance Department and the relationship with Jang Sung Taek has deteriorated since then. But subsequently, Jang Sung Taek and Jong Nam’s relationship has been restored.”Last year, the media reported through East Asia intelligence agents that it had talks between Kim Kyung Hee, who is Jang Sung Taek’s wife and Kim Jong Il’s sister, and Kim Jong Nam via international call. They discussed their mutual situation and the movement of power in North Korean leadership. At the time, the two even though both were inebriated, demonstrated an unhealthy relationship by talking on the phone over an hour and achieving a cooperative relationship related to the succession plan. Accordingly, with Jang Sung Taek’s restoration, the prediction is that a strong springboard has been prepared for Jong Nam to jump into the competition for succession.However, it has been pointed out that it is too early to connect Jang Sung Taek’s restoration to the plan for succession. Dr. Lee Ki Dong at the Institute for National Security Strategy said, “This acknowledgement will transfer the party leadership regarding public security organizations to Jang Sung Taek and will show a personality of restraint towards Lee Jeh Gang. Kim Jong Il, who surpasses in political skills, will not bring about conflict in the succession plan.” RELATED ARTICLESMORE FROM AUTHOR By Yang Jung A – 2007.11.22 6:29pm News SHARE AvatarYang Jung A There are signs that North Korea is running into serious difficulties with its corn harvest News center_img News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak North Korea tries to accelerate building of walls and fences along border with China Facebook Twitter The Restoration of Jang Sung Taek, Kim Jong Il’s Brother-in-law News last_img read more

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KWAFU Collecting Family DNA Samples

first_img There are signs that North Korea is running into serious difficulties with its corn harvest Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak RELATED ARTICLESMORE FROM AUTHOR North Korea tries to accelerate building of walls and fences along border with China News By Daily NK – 2010.06.08 4:01pm News The Korean War Abductees’ Family Union (KWAFU) held a commemorative event yesterday, “Memorial Day for Korean War Abductees,” announcing that it has decided to collect DNA samples from abductees’ family members to make it easier to identify their remains when the opportunity finally arises. Lee Mee Il, the president of KWAFU, said in his opening remarks at the event, “Significant numbers of abductees have contributed to the construction of this state, South Korea, and taken active part in national management. That is why they became targets for abduction. Their remaining family members have also suffered a different kind of pain; guilt by association, because some family members live in North Korea.” [imText2]She explained the future activities of KWAFU, “We have been recording abductees and have established a memorial hall so that future generations will not forget the abductions issue.” A KWAFU staffer, Choi Kwang Seok explained why the organization has decided to gather DNA samples. “It is to prepare for the time when Korea is reunified or North Korea acknowledges the existence of abductees and allows the South to collect their remains. Then, we hope that our collected DNA samples will be helpful for finding our abducted family member’s remains in North Korea.” Since abductees’ offspring are unable to offer the traditional Parents’ Day present of carnations every May 8th, they offered carnations before their parents’ portraits during the event. After offering the flowers, Kim Ji Sung, who is 76, talked about his father’s abduction to The Daily NK, saying that on August 15, 1950, a group of North Korean soldiers visited his home all of a sudden and took his father, who was a high school senior at that time. Another, Jang Kwi Hwa, who was born in North Korea, testified to her father’s story. “When he was 18 years old, he lived with his grandmother,” she explained, “There was some shouting outside and someone was told to go out quickly, so my father, the eldest son, came out into the yard. There were men and women gathered in the yard, and he was just swept away by that mass. He left his home that way, without knowing the purpose. After walking for a while, maybe around half a day, the Korean People’s Army gave them uniforms and guns. He told me the length of the rifle was almost the same as his height. He asked someone leading the group to let him go home because his mother was sick, but he was beaten by a group of people instead. It separated him eternally from his family.” According to her testimony, after the war her father had to go through all kinds of hardships. He was dragged once every three days to the authorities and had to write his confession of the previous three days. The pain he suffered in not talking about his past was also tremendous. There were five families of Korean War prisoners in Jang’s neighborhood. However, even when one POW died, he could not participate in the funeral, but had to stay at home, crying. Sadly, Jang Kwi Hwa inherited her father’s background, and that was just one more hardship for her, since it meant she could not get any of the jobs she wanted. Eventually, Jang defected to South Korea.Hyun Byung Chul, the chairperson of the National Human Rights Commission of Korea (NHRCK), Vice Minister of Unification Uhm Jong Sik and around 300 family members of abductees who were abducted by the North during the Korea War took part in the event. Hyun Byung Chul gave the keynote speech, saying, “The NHRCK will do its best to solve the abductions issue, as well as to improve and solve North Korean human rights issues.” As another part of the event, the honorable chairman of the KWAFU recited a poem written by an unknown abductee which was found on a wall of a jail in Pyongyang in October, 1950, when the South retook Pyongyang and abductees’ families entered the city to look for their families. “Oh, my fatherland and the UN!Freedom, you are the phoenix. We are being dragged through an unfathomable iron curtain, into the curtain of death.Oh, my fatherland and the UN!We have faith that you will rescue us.We have faith.” [imText1][imText3]center_img Facebook Twitter News AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] SHARE News KWAFU Collecting Family DNA Sampleslast_img read more

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DBRS downgrades Home Capital ratings

first_img Facebook LinkedIn Twitter DBRS Ltd. has downgraded its ratings on Toronto-based Home Capital Group Inc. (HCG) to BB from BBB amid concerns about the company’s funding and liquidity arrangements. The Toronto-based credit rating agency downgraded its ratings for both HCG and its primary operating subsidiary, Home Capital Trust (HTC), and placed all the firms’ ratings under review with negative implications. Keywords Fraud,  DisclosureCompanies Home Capital Group Inc. James Langton Related news California fraudsman gets 10 years for $147M global investment scamcenter_img The rating actions are driven by the rating agency’s, “concern over the heightened pressure on HTC’s funding and liquidity profile as well as the potential impact of this pressure on the trust company’s earnings generation and franchise,” DBRS says in a statement. DBRS notes that the company has “faced accelerated withdrawals” by depositors since the announcement of various senior management changes, and allegations of disclosure violations from the Ontario Securities Commission (OSC). Those allegations have not been proven, and the company has said that it intends to fight them. Its hearing is due to start on May 4. Read: OSC accuses Home Capital, execs of misleading disclosure HCG has arranged a $2 billion line of credit to shore up its financial position, but DBRS says that the cost of that credit could pressure earnings. “Moreover, other funding costs are likely to trend higher while originations are likely to decline, given the recent provincial government’s proposed measures to temper the overheated Ontario housing market, placing further pressure on earnings,” DBRS says. Additionally, the rating agency says that the financial pressure also comes amid turnover in senior management, “which make it much more difficult for the group to focus on stabilizing, then improving upon, its financial position.” On the upside, DBRS notes that HCG has a “substantial capital cushion in excess of the regulatory minimum,” and that the asset performance of its mortgage portfolio is “still sound”. On Thursday, HCG announced that it has “retained RBC Capital Markets and BMO Capital Markets to advise on further financing and strategic options.” Read: Home Capital secures firm commitment for $2-billion line of credit Feds launch council on sustainable finance Share this article and your comments with peers on social media CSA releases guidance on crypto disclosurelast_img read more