China surges past Japan in symbolic shift

first_img CHINA’S per capita annual income is just $3,600 (£2,299) compared to Japan’s $37,800 but in the second quarter of this year the once impoverished communist state surged past Japan to become the world’s second-largest economy. The faltering Japanese economy grew by just 0.1 per cent in the three months to June, an annualised pace of 0.4 per cent, with GDP of $1.28 trillion eclipsed by China, which had economic output of $1.33 trillion, according to official figures published yesterday.Although it is not the first time China has outpaced Japan in a single quarter, the figures mark a symbolic shift that is expected to see China eventually overtake the US as the world’s biggest economy. In the three decades since pioneer leader Deng Xiaoping dumped hardline-policies in favour of free-market reforms, China has leapfrogged the world league of economic powers outstripping Britain in 2005 and Germany in 2007. Already the biggest exporter, car buyer and steel producer, economists expect China, which is growing at around 10 per cent a year, to permanently overtake the Japanese economy, which is growing at just two to three per cent a year, by the end of this year. They believe it will then take over the US, whose population is four times smaller, by 2030.“The crossover has come far sooner than seemed likely two decades ago,” says Capital Economics’ Julian Jessop. But he says the story is less about China’s strength than Japan’s weakness.Struggling since the start of the 1990s when its property bubble burst, and with flat consumer spending, Japan is almost entirely reliant on exports for growth. Yet the surging yen has hit it hard. The contribution from exports was mostly concentrated in April – the first month of the quarter –?while May and June had near zero growth on a month-to-month basis.And with just 128m people compared to China’s 1.3bn, the country is also grappling with an ageing and shrinking population. Ironically, it is China, which could help to both boost consumer spending and the dwindling population. Following a relaxation on visa requirements, Chinese tourists have flocked to their smaller neighbour, with visits up 80 per cent over the past year, while Chinese workers are increasingly being brought over to Japan on working visas to serve them. As Martin Schulz of Fujitsu Research Institute said: “The stronger China continues to grow, the better it is for Japan.” China surges past Japan in symbolic shift Share Tags: NULL whatsapp Monday 16 August 2010 8:17 pm Show Comments ▼ KCS-content whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA 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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comlast_img read more

Johnston Press back in black

EMBATTLED Scotsman owner Johnston Press breathed a sign of relief yesterday as it limped to its first profit since 2006. The Scotsman owner arrested its declining revenue amid a remarkable turnaround in the advertising market.Total advertising income fell by 6.3 per cent after plummeting 18 per cent during the darkest days of the advertising drought in 2009.But stringent cost cutting in the wake of the financial crisis allowed Johnston to post a first-half pre-tax profit of £26.1m on revenue of £207.3m.Chief executive John Fry said: “These industry leading trends along with our continued focus on costs, efficiencies and debt reduction, give the board confidence, in the absence of a further deterioration in the UK economy, that the outcome for the group in 2010 will be in line with current market expectations.”The results follow a remarkable recovery for advertising giant WPP, which saw first-half profits jump 36 per cent. Show Comments ▼ whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo KCS-content whatsapp Share Tags: NULL Johnston Press back in black More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Wednesday 25 August 2010 8:12 pm read more

ECB extends its bank liquidity lifeline into 2011

first_imgThursday 2 September 2010 8:39 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof ECB extends its bank liquidity lifeline into 2011 whatsapp Tags: NULL whatsapp Share The European Central Bank (ECB) extended its liquidity safety net for vulnerable Eurozone banks into next year, delaying its exit from crisis measures for now as it urged caution about the economic recovery.The ECB left rates at a record low of one per cent for the 16th month in a row yesterday and said policy remained accommodative as the region battles with an uneven recovery and concerns about bank vulnerability. ECB staff raised economic growth forecasts but President Jean-Claude Trichet said risks were to the downside and the recovery would be moderate with uncertainty prevailing. “We have to remain cautious and prudent. We don’t declare victory,” he told his monthly news conference, although he said a double-dip recession was not on the cards.The ECB extended its promise to lend banks unlimited one-week and one-month funds until at least 18 January, keeping liquidity flush through the tense end-of-year period in a move which should keep market rates low. It will also offer unlimited funds at three-month operations until December although the cost of these will not be fixed in advance, rather indexed to the ECB’s policy rate. KCS-content Show Comments ▼last_img read more

Cameron lashes out at banks

first_img whatsapp Cameron lashes out at banks Wednesday 6 October 2010 9:03 pm Tags: NULL KCS-content whatsapp Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Show Comments ▼ DAVID Cameron stepped up his rhetoric against the City yesterday, using his first conference speech as Prime Minister to hit out at banks and big business.He said the tripartite system of regulation was partly to blame for the economic crisis, but that individual bankers had to take more responsibility.“Labour failed to regulate the City properly. But they didn’t force those banks to take massive risks with other people’s money,” Cameron said.On the final day of the first Conservative conference in government for 14 years, Cameron repeated calls for banks to lend more to small businesses.“Taxpayers bailed you out, now it’s time for you to repay the favour,” he said.The £2.5bn levy on banks was one of the coalition’s most important achievements, he said, while aides confirmed he was considering a second banking levy on profits and remuneration.Although there were warm words for “doers, grafters, inventors, and entrepreneurs,” Cameron played down the importance of big business to the economy. “When you think of a wealth-creator, don’t think of the tycoon in a glass tower. Think of the man… who cleans windows,” he said. last_img read more

Ackermann: Reform costs could explode

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapp KCS-content Tags: NULL The economic cost of tougher global capital rules for banks could explode if further requirements on big banks are not co-ordinated, Deutsche Bank chief executive Josef Ackermann has said.“There can be no doubt that Basel III alone will have short- to medium-term economic costs. These costs might explode with all the add-ons that are currently being discussed,” Ackermann told a banking regulation conference yesterday. Ackermann said meetings with investors showed they want banks to start meeting Basel III rules by 2013 – the start date leaders of the world’s top economies (G20) are set to endorse next month. “While regulators have commendably set long transition periods for attaining the new capital ratio, markets… may not be quite so patient.” Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndo Show Comments ▼center_img Monday 18 October 2010 8:41 pm Ackermann: Reform costs could explode whatsapp Share last_img read more

CBI CHIEF TO PROMOTE UK PLC

first_img whatsapp CBI CHIEF TO PROMOTE UK PLC Tags: NULL Tuesday 2 November 2010 9:44 pm whatsapp KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ OUTGOING CBI chief Richard Lambert is to take up a role as a British trade ambassador, Prime Minister David Cameron will announce next week during a visit to China. The trade ambassadors programme was started under Gordon Brown in order to promote lobbying for UK business interests abroad. Its current makeup includes AstraZeneca chairman Chris Brinsmead and Barclays chairman Marcus Agius. Sharelast_img read more

SFO chief in vow to chase Russian fraud

first_img KCS-content Tuesday 16 November 2010 7:50 pm SFO chief in vow to chase Russian fraud RICHARD Alderman, director of the UK Serious Fraud Office (SFO), has told the Anglo-Russian business community that his organisation will actively seek to exercise new powers worldwide in the global fight against corruption. Referring to new powers available to the SFO following the implementation of the Bribery Act in April 2011, Alderman told an event hosted by McGrigors, the UK law firm: “I shall have jurisdiction where a foreign corporation carries on a business in the UK and commits an act of bribery in a third country. This will be an offence even if the act of bribery has nothing to do with the UK business.”Alderman signalled an increasing level of attention on the activities of Russia-based businesses. He indicated that working with foreign law enforcement agencies was, and would continue to be, an increasingly important area of the SFO’s work, saying: “We stand ready to help them in what they are doing in the fight against corruption in Russia.”These views were echoed by Vadim Alexandrovich Yalovitsky, his approximate counterpart at the General Prosecutor’s Office, who told the delegates: “Given that a number of individuals prosecuted for such crimes are hiding beyond the reach of the jurisdiction of the Russian Federation, and that the ill gotten profits from crime are transferred abroad, we put a great deal of attention and energy into international cooperation on criminal matters”.Alderman said that up until 18 months ago the SFO had no success in bringing cases involving corruption in overseas countries to court. “We are now in a very different position,” he said. “At present I have no jurisdiction over foreign corporates who commit offences in other countries. That will change when the Bribery Act comes into force,” said Alderman. whatsapp Tags: NULLcenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Healththedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapplast_img read more

Tesco China aims to quadruple its sales

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULL Monday 22 November 2010 8:48 pm Show Comments ▼ KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoammoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutecenter_img whatsapp Tesco China aims to quadruple its sales whatsapp Share SUPERMARKET Tesco plans to quadruple sales in its Chinese business over the next five years, the firm said yesterday.Tesco told investors and analysts it hopes to hit £4bn in annual sales by 2015, in a country where sales are currently rising at eight per cent year-on-year. The firm aims to build more than 1,000 Chinese hyper- and supermarkets by February 2015, to bring its total number of stores to 3,800 in an attempt to compete with grocers such as Wal-Mart and Carrefour with a more established presence in the region.It aims to almost triple the number of Chinese customers shopping at Tesco per week to around 12m, which represents around four per cent of the urban population in the firm’s target regions. In the UK, around 15m people, or 25 per cent of the population, use Tesco loyalty cards regularly. “Tesco has spent six years learning about the local market and developing a strategy for profitable growth,” said Tesco China chief executive Ken Towle in a presentation. “The path to long-term profitability is now clear – leveraging our substantial up-front investment as we grow our scale.”Tesco will focus on the most affluent regions of China, in particular in the country’s growing number of cities with more than 1m residents. The firm has already had success with stores in shopping malls in mid-sized cities. The firm is eyeing further expansion in Asia following its success in Thailand under the Lotus brand, which is now the most popular grocer in the country. last_img read more

Barclays sets up new office in Hong Kong

first_imgWednesday 24 November 2010 9:05 pm Barclays sets up new office in Hong Kong BARCLAYS Wealth has set up a booking centre in Hong Kong, the firm announced yesterday, as part of its plans to quadruple assets under management and double its number of private bankers in Asia over the next four years. An undisclosed number of UK staff will temporarily relocate to help set up the booking centre, a source close to the bank said yesterday. The facility allows private banking customers in Asia to retain assets in Hong Kong, rather than using the bank’s existing booking centre in Singapore. The company refused to reveal the value of the assets it manages in the region, but said around two-thirds of its £153.5bn asset pile is held outside the UK. Barclays Wealth North Asia head Joanna Chu said: “This is an important milestone for us in Hong Kong… Our North Asian clients now have the additional option of having their assets managed in a location closer to them.”It is part of Barclays’ attempt to expand aggressively in the Asia Pacific region. The bank is thought to have around 100 wealth managers in Asia, with plans to triple this number within five years. Barclays Wealth also signed up to a Japanese joint private banking venture in June. One analyst who did not wish to be named yesterday said the bank might be over-ambitious with its expansion goals. “Their target to quadruple assets under management in Asia really depends a lot on market conditions improving. Without a global recovery they won’t come close,” the analyst said. “It also depends on the base level of assets under management, which the company has not mentioned.”People familiar with the firm said Barclays continued to look at relocating its base outside of the UK, but stressed that no decision has yet been made and that the new office in Hong Kong is not part of a general move abroad.City A.M. revealed exclusively last month that senior executives at Barclays Bank are weighing up the cost of moving the group’s headquarters overseas. Show Comments ▼ whatsapp whatsapp KCS-content center_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKansas coach fired for using N-word toward Black playerthegrio.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULLlast_img read more

Barrick hits gold deposit in Tanzania

first_img KCS-content Barrick hits gold deposit in Tanzania Monday 29 November 2010 7:42 pm whatsapp whatsapp Show Comments ▼ AFRICAN Barrick Gold has found greater-than-expected amounts of high-grade gold in its Nyanzaga project in Tanzania, it said yesterday.The FTSE 100-listed miner said the results of its drilling were “very exciting and increase the potential for Tusker to add to our future growth profile”. The gold deposits are closer to the surface and a better grade than originally thought by the previous owner Tusker Gold, which declared a deposit of around 4.2m ounces in June 2009. African Barrick took sole ownership of the site in May after buying out Tusker, and began an intensive hunt for gold in late July. The miner pledged to accelerate its drilling programme at the project after the good results, and is now moving a third drill to the site. It expects exploration work to continue until 2011. African Barrick last month suspended some operations and slashed forecasts at its Buzwagi mine in Tanzania after uncovering a fuel theft ring, which knocked 10 per cent from its share price. Shares closed down 1.56 per cent at 503p, erasing earlier gains of two per cent. The firm is trading at 12.5 per cent below its float price, after it was spun off from Barrick Gold, the world’s biggest goldminer, in March. Canadian parent Barrick Gold retains a 74 per cent stake in African Barrick. center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share Tags: NULLlast_img read more