Spanish pension funds return nearly 11% on average

first_imgSpain’s occupational pension funds have made average returns of 10.61% for the 12 months to end-March 2015, according to the country’s Investment and Pension Fund Association (INVERCO).The results are a marked improvement on the 7.14% returns for calendar year 2014, and 7.2% for the 12 months to 31 March 2014. Average annualised returns for the three years to 31 March 2015 are 8.24%, and for the five years to that date, 5.8%.Total assets under management for the occupational sector rose to €35.6bn, up by 7.3% during the previous 12 months and also an increase on the €34.2bn at end-December 2014. The number of participants remains stable at just over 2m.Assets for individual pension plans also increased over the first three months of the year, from €64.1bn at end-2014 to €67.8bn at end-March 2015.For the first time ever, total pension assets in Spain have surpassed the €100bn mark.According to INVERCO, for pension funds as a whole, there has been a slight shift towards non-domestic investments, both in fixed income and equities.Domestic investments still make up the lion’s share of assets, at 62.7% of portfolios, but this is a decrease from 65.2% three months ago.Non-domestic holdings have risen from 17.4% of assets at end-2014 to 20.5% at end-March 2015.There has also been a slight shift from fixed income to equities.Overall, 57.7% is now invested in fixed income, compared with 22.4% in equities (9% in Spanish and 13.4% in non-domestic shares).This compares with 59.8% in fixed income and 20.1% in equities (8.6% Spanish, 11.5% non-domestic) at end-2014.The biggest single component of pension fund portfolios – 33% – is still invested in Spanish government bonds, although this has fallen from its 35.3% share as at end-December 2014.A further 17.6% is invested in Spanish corporate bonds, again a slight decrease from 18.6% three months’ previous.Finally, ‘other’ assets have risen slightly, to 9.4% of portfolios, with a slight decline in cash holdings to 7.4%.last_img read more

Koch Shipping Extends Charter Deal for Diana’s Bulker

first_imgGreek dry bulk owner Diana Shipping has entered into a time charter contract with Singapore-based Koch Shipping for one of its Newcastlemax dry bulk vessels.The company’s 206,040 dwt Philadelphia was hired for a period of twenty to twenty-three months.Diana Shipping said that the gross charter rate for the ship is USD 20,000 per day.This employment is to generate some USD 11.7 million of gross revenue for the minimum scheduled period of the time charter.Built in 2012, the vessel started working under the new charter deal on June 18.Philadelphia was previously chartered by Koch Shipping at a gross charter rate of USD 15,500 per day.last_img read more

‘Bookies’ puts man behind bars

first_imgILOILO CIity – Police arrested a65-year-old man engaging in illegal gambling in Barangay Progreso, Lapuzdistrict. Resident Ramon Salarda was caughtcollecting bets for the illegal numbers game of bookies around 1:30 p.m. on March 7. He was detained in the custodialfacility of the La Paz police station. Recovered from his possession were betmoney amounting to P1,010 and gambling paraphernalia. Charges for violation of PresidentialDecree 1602, which prescribes stiffer penalties for illegal gambling will befiled against Salarda./PNlast_img read more

Batesville City Council approves long-term water solution

first_imgBatesville, IN— The City of Batesville took a major step in securing a long-term water supply as City Council approved a bond ordinance and rate increase on Monday, October 14.The new rates will be implemented in two separate phases. The first phase will see a cost increase of $5.72 on the minimum bill beginning in January 2020. The second phase will show an increase of $3.56 on the minimum bill in January 2021.Batesville’s current rates have been below average compared to surrounding communities as the implementation of the rate increases in 2020 and 2021 will put Batesville near the average.Rate increases are necessary to fund the long-term water project which includes the construction of a 16-mile pipeline from the city-owned property between Brookville and Metamora that will connect to a new water treatment plant in Batesville.Studies dating back to 1989 have determined the need for an alternate water supply which led to the Whitewater River Aquifer being the best long-term solution for water sustainability over the next half-century and beyond as the area population continues to grow.City Council President Kevin Chaffee has been involved in the project for three decades saying, “Numerous studies have shown that the best source of groundwater for Batesville is the Whitewater River Aquifer. There is abundant, clean water available that will allow the city to grow far into the future, providing for generations of people to live and work here. In my opinion, this is the most important project that the city has ever undertaken.”Construction on the water plant and water mains are expected to take between 18 and 24 months to complete.“We were fortunate that our grandparents had the foresight to develop the reservoirs that have served us well, but for us to continue to grow, this is the new guaranteed water source that we need,” said Mayor Mike Bettice.last_img read more

Hannah Shaw wins Ramsdell Scholarship

first_img Town report wins award – October 11, 2014 BAR HARBOR — Mount Desert Island High School 2014 graduate Hannah Shaw is one of two winners of $1,000 scholarships from the Jay Ramsdell Scholarship Foundation.A National Honor Society member, Shaw also served on the student council, as a YMCA and Acadia Little League Tournament volunteer and played basketball, soccer and softball at MDI.The other winner is Francesca Couture of Narraguagus High School in Harrington.Ramsdell, a Mainer who died in a Sioux City, Iowa, plane crash 25 years ago, worked for the Maine Lumberjacks, the Continental Basketball Association minor league team in Bangor, while a student at MDI High School.This is placeholder textThis is placeholder textAfter graduaton, he went to work for the league office in Philadelphia. At age 24, he set sports history when he became the youngest commissioner of a pro league.The Ramsdell Foundation has awarded more than $107,000 in scholarships over the past 24 years to honor his memory.Find in-depth coverage of local news in The Ellsworth American. Subscribe digitally or in print. Latest Posts Fenceviewer Staff Schoodic Grange hosting sale – October 30, 2014center_img Bio Fitness trainer is now cancer-exercise expert – October 12, 2014 Latest posts by Fenceviewer Staff (see all)last_img read more

Khan bowls Lower Corentyne to third straight win

first_imgBy Rajiv BisnauthLOWER Corentyne pulled off a stunning 32-run win over Upper Corentyne in the Jaguars Franchise League,Three-day competition when the third round ended yesterday at the Port Mourant Cricket Club ground.A stunning performance by the bowlers, especially left-arm spinner Kassim Khan, backed by excellent fielding,helped Lower Corentyne defend a small total of 148, as Upper Corentyne were bowled out for 115 in 43.4 overs.Khan spun ‘webs’ around the Upper Corentyne batsmen to scalp 6-23 off 15.4 overs, in a spectacular display of left-arm spin bowling.While Khan was the wrecker-in-chief, fellow spinner Sharaz Ramcharran chipped in with 2-37, with pacer Raun Johnson, and Gajanand Singh, being the other two wicket takers.Joshua Ramsammy played something of a lone hand, with 44, but the other batsmen failed to make any impact on a spinner-friendly pitch.Play resumed on the final day at 12:10hrs, after early morning rain washed out the entire first session.Resuming at 25-2, Upper Corentyne panicked and crumbled;losing wickets at regular intervals.They were plunged into strife as early as the seventh over in the day’s play,when Khan removed Rajiv Ivan (17) with the score at 46-3.The other overnight batsman, Joshua Ramsammy, then added 24 for the fourth wicket with Clinton Pestano, but Ramcharran then drove home the advantage for his side with the wickets of Pestano (8) and Anthony Bramble (2), to leave Upper Corentyne at 73-5.Singh then trapped Arif Chan, leg before wicket for one before Khan claimed the final four wickets, including Ramsammy, to complete his side’s third straight win in the tournament.In an invited comment, assistant coach Andre Percival said he was delighted with the win, adding that “it feels very good; we played some good cricket, especially after we conceded a first innings lead.“I was pretty confident of our bowlers,” Percival pointed out.Meanwhile, scores in the other games are as follows:At Bourda: Early morning showers forced play to be called off at 14:05 hours. Georgetown had reached 63/3 after dismissing East Coast Demerara for 148 on day 2.At Everest: Play was called off at 11:35 hours after early morning showers.The fourth round commences on September 16, with East Bank playing Lower Corentyne at Everest, West Demerara clashing with Upper Corentyne at Wales, East Coast Demerara and West Berbice play each other at Enmore, and Georgetown taking on Essequibo at GCC.last_img read more

Cricket News England vs India 5th Test, Day 1: Check full scorecard as Kohli and co make brilliant comeback

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: On the day 1 of the fifth Test between England and India at the Kennington Oval in India, the visitors fought back to down the hosts to 198 for 7 as the Joe Root-led side collapsed after a bright start by the openers Alastair Cook and Keaton Jennings. Indian pacer Ishant Sharma scalped three wickets after Jasprit Bumrah sent Alastair Cook and Joe Root packing in a single over.Alastair Cook, who is playing his final Test played a beautiful knock of 71 runs before Bumrah’s sharp inswinger got the better of him. After Cook’s departure, the floodgates were open as the hosts lost six wickets for 58 runs post tea to collapse from 133-1 to 181-7.ALSO READ: You can name NASA rockets if you pay enough Ben Stokes and Moeen Ali slowed the downfall as they put on 37 runs partnership for the fifth wicket. Ali scored his 13th half-century on day 1.Scorecard of England 1st Innings:Alastair Cook                      b Bumrah                          71Keaton Jennings               c Rahul b Jadeja                   23Moeen Ali                           c Pant b Sharma                50Joe Root                              lbw b Bumrah                    0Jonny Bairstow                 c Pant b Sharma                    0Ben Stokes                         lbw b Jadeja                      11Jos Buttler                           not out                             11SM Curran                           c Pant b Sharma                 0AU Rashid                           not out                               4Extras    (B-25, LB-3)                                                  28Total      (For 7 wicket, 90 overs)                 198Fall of wickets: 1-60, 2-133, 3-133, 4-134, 5-171, 6-177, 7-181.ALSO READ: Petrol prices cross Rs 80-mark in Delhi; Diesel rates touch new level across metrosBowling: Jasprit Bumrah 21-9-41-2, Ishant Sharma 22-10-28-3, Hanuma Vihari 1-0-1-0, Mohammed Shami 22-7-43-0, Ravindra Jadeja 24-0-57-2England have already sealed the series with an unassailable 3-1 lead in the five-match series. last_img read more

Jamaica Records First Coronavirus (COVID-19) Death

first_imgKINGSTON, Jamaica – Jamaica’s Ministry of Health and Wellness yesterday confirmed Jamaica’s first death related to the novel coronavirus (COVID-19).The patient is a 79-year-old Jamaican male from Clarendon. He died on Wednesday at approximately 3 p.m.The elderly man, with a travel history to New York, was a known diabetic and struggled with hypertension.According to the Chief Medical Officer Jacquiline Bisasor-Mckenzie, the patient had shown some improvements, but his condition quickly deteriorated on Wednesday.He reported to Lionel Town Hospital on Monday (March 16) and was later transferred to the Mandeville Regional Hospital. He presented symptoms fever, coughs and shortness of breath.The elderly patient was about to be transferred to the University Hospital of the West Indies (UHWI) in St Andrew on Wednesday afternoon when he died. With his passing, the ministry has activated its contact tracing having notified the family of his death.With the confirmed positive test of the deceased patient, Jamaica records 15 cases of COVID-19. The patient’s death brings the total number of COVID-19 deaths to five.last_img read more

BetBright pays out six figure winnings since Acca+1 launch

first_img Related Articles StumbleUpon UKGC reminds licensees of expectations when leaving the market October 4, 2019 Andrew Dagnall: Bettorlogic – Challengers survival is dependant on delivering stand-out propositions April 16, 2019 Submit BetBright has paid out six figures in additional winnings since launching its award-winning Acca+1 product in October 2016.The Acca+1 takes any accumulator (acca) with five or more selections at combined odds of 7/1 or greater, and offers you the chance to increase your winnings with an extra risk free selection.If the risk free leg comes in along with the original acca then the bonus is paid as cash. If the original acca wins, but the risk free leg loses, the customer still gets paid out as normal.Since the October launch, 83% of all BetBright football acca customers have added a risk free leg to their accumulators. In fact, January has already been a record month for multiples stakes on BetBright, with over a week to go.Conor White, Marketing Communications Manager at BetBright, said: “Acca+1 was devised as a direct response to customer demand and we’re thrilled with the positive reaction we’ve seen to date.“This is highlighted not only by the number of customers we’ve seen taking advantage of the offer, but also the positive reception we’ve received within the industry, and winning best football product at the annual SBC awards ceremony.”Acca+1 is the only acca offer in the industry that applies to all markets and leagues, as well as for both pre-play and in-play bets. The longest winning odds to date was a 385/1, fourteen-fold that came in just before Christmas. 888 Holdings’ Guy Cohen on purchases, PASPA and poker August 20, 2019 Share Sharelast_img read more

Doc Rivers says he’s uncertain about his coaching future with Clippers

first_img What the Clippers are saying the day after Luka Doncic’s game-winner tied series, 2-2 Kristaps Porzingis ruled out as Clippers, Mavericks set for Game 5; Follow for game updates In the end, the Clippers finished with a winning record, but they failed to win 50 games and advance to the playoffs for the first time in Rivers’ five seasons as their coach. Rivers couldn’t coax enough wins out of his patchwork lineups in order to grab a postseason berth.It wasn’t for a lack of trying, however.Rivers used 37 different starting lineups this season, the most in the NBA. He mixed and matched players without being able to count on a starting five night after night. His rotation was constantly changing because of the Clippers’ many injuries.By season’s end, the Clippers played only six quarters with their lineup as planned coming out of training camp. Milos Teodosic suffered a plantar fascia injury in the first half of their second game, the first in a string of debilitating injuries that short-circuited their playoff chances.The season was not a total loss, though. LOS ANGELES — Doc Rivers has one season remaining on his contract to coach the Clippers, but he couldn’t say Wednesday with any degree of certainty whether he would return to the team in 2018-19 or whether he would sign a contract extension to keep him on the job beyond next season.“I love what I do, but that doesn’t mean that you keep doing it every year, do you know what I mean?” Rivers said before the team’s season finale against the Lakers at Staples Center. “I can’t even answer the question. I love where we’re at as a franchise. I will say that. I would honestly say that a year ago I don’t know if I would have had that same feeling.“So, we’ll see.”Early in the season, when the Clippers were mired in a nine-game losing streak and they were crippled by injuries, there was chatter that the team might fire Rivers. Later, when they rallied into playoff contention after trading Blake Griffin, there was talk that he was an NBA Coach of the Year candidate. Related Articles Clippers vs. Mavericks Game 5 playoff updates from NBA beat reporters center_img For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory “There’s two ways to look at it,” Rivers said. “The positive way, for me, is due to the injuries and really the injuries only, we had a really successful season. … I would challenge any other team to have not have three or four starters every night and come up with the record we had. …“The negative side of it is we had all these injuries and we weren’t allowed to be who we think we could have been. For me, I’m very proud of the group and I’m very disappointed because of the injuries. It’s my first time in 10 years not making the playoffs. It’s not something I want to get used to.“I don’t even know what to do tomorrow.”The finality of missing the playoffs hit Rivers earlier this week, when coaches around the league began calling to ask for scouting reports on potential playoff opponents. He was only too happy to offer his advice on attacking and defending other teams, but it soured him.“That’s not a good feeling, honestly, and I don’t want to get used to that,” he said.C.J. WILLIAMS HONOREDClippers guard C.J. Williams won the G League’s Jason Collier Sportsmanship Award, given to the developmental league player who “best represents the ideals of character and conduct on and off the court.” Williams split his season between the Clippers and their Ontario-based G League team. Clippers hope they can play to their capabilities, quell Mavericks’ momentum Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more