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The US dollar slightly extended losses against the yen and euro while the S&P 500 index edged higher after the release of the minutes.Outlook uncertainThe Fed has repeatedly said the US economic outlook remains highly uncertain and reiterated that a full economic recovery hinges on the battle to control the spread of the novel coronavirus, which has killed more than 127,000 people in the United States.Since the meeting, a surge in US infections has led several policymakers to warn that signs of a nascent economic recovery over the last few weeks could already be under threat as hard-hit states halt or reverse the re-opening of their economies.The US economy slipped into recession in February and economic output and employment are still far below pre-crisis levels despite a rebound as restrictions were eased. More than 30 million people were receiving unemployment checks in the first week of June, about a fifth of the labor force.At last month’s policy meeting, the Fed signaled it planned years of extraordinary support for the economy, with policymakers projecting the economy to shrink 6.5 percent in 2020 and the unemployment rate to be 9.3 percent at the end of the year.In addition to slashing interest rates, the central bank has also pumped trillions of dollars into the economy to keep credit flowing to businesses and households.Americans’ anxieties over the spread of the coronavirus are at the highest level in more than a month, a Reuters/Ipsos poll showed on Wednesday, a day after the United States recorded the biggest single-day rise in new cases since the pandemic began. Federal Reserve policymakers are looking at reviving a Great Recession-era promise to keep interest rates low until certain conditions are met, in a bid to deliver a more rapid recovery from the recession triggered by the coronavirus pandemic.The policymakers “generally indicated support” for tying rate-setting policy to specific economic outcomes, minutes from the US central bank’s June 9-10 policy meeting showed on Wednesday. “A number” favored a promise to leave rates low until inflation meets or even modestly exceeds the Fed’s 2 percent goal.A couple of policymakers preferred tying changes to rates to a specific unemployment rate; a “few others” wanted to promise easy monetary policy until a specific date in the future – an approach the Fed used effectively in 2012 and 2013. Topics : Although two warned of the danger of adopting any such policy, citing financial stability risks, the minutes showed that policymakers overall supported giving the public more explicit forward guidance, both for rates and bond purchases, “as more information about the trajectory of the economy becomes available.”The readout showed much less support, and many questions, about alternate forms of support including control of the yield curve, a strategy in use by other central banks around the world.Fed officials anticipate the United States will suffer the worst economic downturn since World War Two, and they have no intent to let up on providing stimulus for the foreseeable future.“Members noted that they expected to maintain this target range until they were confident that the economy had weathered recent events and was on track to achieve the (rate-setting) Committee’s maximum-employment and price-stability goals,” the Fed said in the minutes.
The kitchen is tidy and modern.Mr Edwards said he believed school catchments had a lot of influence on the rise in sales.“The schools are very highly rated, which has a lot to do with it, he said. “I think there are definitely buying groups who want to live in these certain locations for school catchments.” The home at 56 Jacaranda Ave, Kenmore Hills.Brisbane Real Estate selling agent Scott Edwards said the home at 56 Jacaranda Ave received seven written offers and said the demand for homes in the suburb was rising.“Chapel Hill is the new Indooroopilly and St Lucia, and Kenmore Hills, being one of the next suburbs out, is receiving a lot of interest as well,” he said.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019 One of the bedrooms at 56 Jacaranda Ave, Kenmore Hills.He said the buyers of 56 Jacaranda Ave were a family with a number of children who wanted a large block of land for the children to grow up on, while still having easy access to the city.The agent also said the market in the area was “hot”.“It’s powering along,” he said. “The average time frame for selling is shortening all the time, with no properties hanging around on the market for long.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 3:17Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -3:17 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p256p256p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenMichelle Hele’s May market wrap03:17 The home at 56 Jacaranda Ave, Kenmore Hills, sold for $1,555,000.A HOME at Kenmore Hills has sold for $1,555,000 after reaping the rewards of a boom in nearby Chapel Hill.
Belgian pension funds generated a nominal return of 5.7% on average last year, according to the Belgian sector organisation PensioPlus.However, the group warned that funds will have to increase their investments in the real economy in order to keep on generating sufficient returns.“Bonds are no longer a safe haven and are becoming increasingly volatile,” it said. Last year, Belgian pension funds allocated 45% of their assets to fixed income, with just 7% in alternatives and 6% in real estate.The 5.7% return compares to average gains of 4.4% and 11.1% over 2015 and 2014, PensioPlus said. The organisation drew its figures from 52 schemes with combined assets of €14.4bn. It added that returns had averaged more than 6.4% a year during the past 25 years.As well as the 45% in fixed income, Belgian pension funds had stakes of 39% in equity. The schemes’ holdings of cash were 4% on average, while the allocation to alternatives, such as insurance, infrastructure, private equity, and convertible bonds, totalled 7%.During the presentation of the preliminary figures, PensioPlus reiterated earlier warnings of the looming ‘devastating impact’ of the financial transaction tax (FTT) on Belgian pension funds.Philip Neyt, chairman of PensioPlus, called on the Belgian government to abandon the introduction of the so-called ‘Tobin tax’ if its rules were also to apply to non-commercial players such as pension funds.PensioPlus estimated that the FTT would cost Belgian pension funds €20m in direct expenses annually, but said that this amount would at least triple if the tax also applied to underlying investments.“This means that 5 to 24 months of pensions accrual during a worker’s entire career would be lost to the FTT,” it said.The lobbying organisation also reiterated that the introduction of the Tobin tax will scupper further relocation of pension funds to Belgium and that existing pan-European schemes may even leave.Currently, there are approximately 80 cross-border pension funds in Belgium.PensioPlus further warned that pension funds in countries that don’t participate in the FTT, including the Netherlands and Luxembourg, are also to suffer from the tax if they invest through a Belgian investment vehicle.The ministers of the ten European member states that are considering to adopt the Tobin tax are to meet on Friday to discuss the subject.
Share NewsRegional Leaked cables will not affect US ties, says Jamaica minister by: – May 28, 2011 Share 17 Views no discussions Sharing is caring! Tweet Share By Chris PattersonMinister with responsibility for Information, Telecommunications and Special Projects, Daryl Vaz, reads from a document during a post-Cabinet press briefing KINGSTON, Jamaica (JIS) — Minister with responsibility for Information, Telecommunication and Special Projects, Daryl Vaz, says the governments of Jamaica and the United States continue to enjoy strong relationships, despite leaked US diplomatic cables regarding the Jamaican administration published on the WikiLeaks website.“This administration continues to value the strong historical, cultural and economic ties between the people and the government of Jamaica and the people and government of the United States of America. We are confident that these ties are more durable than the exigencies of dynamic diplomatic situations,” he said.Vaz was responding to questions during post-Cabinet press briefing.The minister said that individual diplomatic cases, such as the revocation of the visa (of a government minister), have to be dealt with on a specific basis, “but overall, we enjoy and have enjoyed a fantastic relationship with the US and we continue to do so”.He said the United States government has categorically stated and made it abundantly clear that those internal cables do not represent the official position of the US government, “but merely reflects the opinions of individuals within the Embassy which, most times, could be deemed as speculative in nature”.Vaz explained that it is not the intention of the government of Jamaica to respond to any of those leaks which have been released, based on the position taken from the outset by the United States regarding the cables.The minister encouraged the local newspaper publishing the cables to reveal all the relevant information regarding the cables.WikiLeaks is an international non-profit organisation that publishes submissions of private, secret and classified information from anonymous news sources, news leaks and whistleblowers.Caribbean News Now
The deputy head of the Senate said shewill take over as interim president until new elections are held. He has won plaudits for fightingpoverty and improving Bolivia’s economy but drew controversy by defyingconstitutional term limits to run for a fourth term in October’s election,which was alleged to have been rife with irregularities.(BBC) Morales, a former coca farmer, wasfirst elected in 2006. Former president Evo Morales left Bolivia in a Mexican Air Force plane on Monday. AFP/MEXICO FOREIGN MINISTRY LA PAZ – Evo Morales has accepted anoffer of political asylum in Mexico a day after resigning as president ofBolivia amid election fraud protests.
Press Association Victor Moses’ stoppage-time penalty ruined Sherwood’s debut as Villa manager despite Scott Sinclair giving the hosts the lead. Ron Vlaar was also sent off after bringing Moses down as the winger clinched a 2-1 win at Villa Park. Gabby Agbonlahor saw a header tipped over but Christian Benteke was again anonymous. Stoke remain 10th and boss Mark Hughes targeted a top-half finish this season. He said: “That’s our aim and what we’re trying to achieve. We’re in better shape this year and our away form is good. That’s something we’re pleased with. Our home form hasn’t been as good this year but we have an opportunity to kick on.” And Hughes was pleased his side silenced the home crowd who were lifted by Sherwood’s arrival. He said: “We had to deal with a lot of positivity around the place. A lot of people were saying we’d get beaten because we wouldn’t be able to deal with that. “It was a little difficult when we conceded. At 1-0 down we were feeling a little hard done by but we scored a really good equaliser just before half-time. “We didn’t allow Villa to get any momentum and from our point of view it was an excellent away performance.” Defeat was Villa’s sixth on the bounce in the Barclays Premier League and left them winless in 11 top-flight games. And they remained in the relegation zone, dropping to second bottom after Burnley’s 1-1 draw at Chelsea. Sherwood said: “I’m devastated, no-one feels as down as I am. I can be devastated now but I won’t be on Monday. “We need to move on, games come thick and fast and if you are dwelling on the last game then they start to run out. “It’s not all rosy in the garden here and no-one thought it was going to be easy but it was a cruel way to lose the game. I thought neither side deserved to win. “It wasn’t great and it’s going to be a work in progress, a lot of work needs to be done. I was encouraged with some performances, Scott Sinclair was very good, I just think we need to work on it. “It’s about putting the right jigsaw together to win the games.” Mame Biram Diouf headed the visitors level just before the break and the hosts never recovered, handing the initiative to Stoke. New boss Tim Sherwood admitted he was “devastated” after Stoke stunned Aston Villa.
… Hetmyer, Rutherford respective captains, to battle for $1MBy Clifton RossIN wake of Guyana’s upcoming 50th Anniversary (Jubilee) celebrations, the Guyana Cricket Board (GCB) and Ministry of Social Cohesion/Sport in partnership with National Communications Network (NCN), unveiled the ‘Golden Republic T20 Bash’ set for February 21 at the Guyana National Stadium, Providence.While a number of activities are planned for the country’s celebratory period, the Government of Guyana and GCB have sought to collaborate in order to bring the best national players and possibly a few regional stars together for the T20 spectacle.At yesterday’s launch held at NCN Studio on Homestretch Avenue, GCB secretary Anand Sanasie, Territorial Development Officer (TDO) Colin Stuart and NCN Marketing & Sales Manager Dellon Murray, unveiled the particulars regarding the upcoming match.Sanasie said the bash is expected to mirror that of a high-intensity T20 affair, as West Indies players Shimron Hetmyer and Sherfane Rutherford will lead the two respective sides; named the ‘Hetmyer Hurricanes’ and ‘Rutherford Renegades’.The pair of Windies stars will have a number of Guyana Jaguars and Academy players at their disposal while Sanasie also said that Windies players Carlos Brathwaite, Chadwick Walton and Rayad Emrit could be a part of the match, as organisers are in talks to get a few regional players involved.Only all-rounders Romario Shepherd and Keemo Paul will not feature in the Bash after being on West Indies duties. Meanwhile, the teams will showcase their specially customised playing kits for the match next week, as the organising committee promised its final press-conference ahead of the match and official unveiling of teams.Murray said NCN’s role is pivotal in the Jubilee celebrations as being a part of such a historic event, especially given cricket’s message of unity. He said archiving of the match will allow it to hold a special place among the list of other activities Guyana will host during this time of merriment; adding that Guyanese, 50 years from now will be able to see how Guyana celebrated her milestone anniversary.NCN will stream the match live on cable, or ball-by-ball on the company’s Facebook page while Radio coverage is expected to be widespread as to afford all Guyanese an opportunity to show support to their local cricket stars.The GCB secretary also pointed out that the entrance fee is $2 000 to any of the stands at the Providence stadium.The day’s festivities get underway with a softball exhibition match from 14:00hrs with the main feature match set to bowl off under lights at 18:00hrs.
Willian has been linked with moves to Manchester United, Real Madrid and Barcelona this summer.In the post, Willian said he had been made aware of a document that “has been circulated through the football market”.“I would like to clarify that I never signed such letter, the content of which I completely deny,” he added.And he alleged there was “clear evidence that my signature has been forged, or anyway misused”, which had prompted him to instruct his lawyers “to proceed with all appropriate legal measures before any competent courts or authorities”.The midfielder, who has spent five years at Chelsea, was due to report to pre-season training with the Blues last Friday, after representing Brazil at the World Cup in Russia, but he failed to arrive.New manager Maurizio Sarri says he is not happy about the “strange” situation, and he will seek immediate talks with Willian.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Chelsea midfielder Willian has said that he has instructed his lawyers to act after a “forged” document was circulated on the “football market”.The letter appears to show the 29-year-old’s signature authorising a change of agent to represent him.However, Willian claimed he “never signed the letter” in an Instagram post on Thursday.