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How to choose a provider for your Stocks and Shares Isa

first_imgThursday 14 February 2019 11:34 am whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndo Share Platforms can usually be divided into those with flat administration charges, and those that charge a percentage on holdings. So depending on your intention for the Isa, it pays to take care when deciding which provider to go for.For example, if you’re an active buyer and seller, it might be more cost-effective to choose a provider with a flat trading fee, otherwise your savings could be wiped out by hefty dealing charges. Reinvestment fees, transfer charges, and exit fees can also hammer you if you aren’t careful.So make sure you know the Isa inside out before using it as a platform to invest. If you’re trying to decide where is best to house your money, here is an overview of several Isa providers to help you get started.AJ Bell YouinvestThis platform has low administrative and dealing charges.For fund holdings, the annual administration charge is 0.25 per cent for the first £250,000. A 0.25 per cent annual administration charge, capped at £7.50 per quarter, is levied for non-fund holdings. Fund dealing costs are £1.50, and £9.95 for non-fund dealing. This falls to £4.95 if ten trades have occurred in the previous month.Watch out for the transfer- out charge though, which is £25 per holding.Alliance Trust SavingsInvestors pay £10 per month to have an ATS account, and there’s a flat charge of £9.99 per trade. Investors get four online trades per year included in the price of the administrative fee.Given the flat fee, this is a good option for frequent traders. However, be aware that dividend reinvestment will cost £5.Barclay’s Smart InvestorAdmin fees depend on the underlying investments – you’re charged 0.2 per cent a year for funds, and 0.1 per cent for everything else. The minimum charge is £4 per month, and is capped at £125. Online transaction costs also vary – £3 to buy and sell funds, and £6 for everything else. Automated regular investments cost £1, making this an attractive Isa for frequent buyers and sellers.Charles Stanley DirectThis platform has an annual admin fee of 0.35 per cent, which is waived every month if a trade is made.Fund dealing is free, but all others come in at £11.50, which isn’t exactly cheap.This provider is a good option for more active traders.FidelityThis provider has an 0.35 per cent annual service fee for an investment portfolio valued under £7,500 (the fee is capped at £45 if you don’t have a regular savings plan). How to choose a provider for your Stocks and Shares Isa Benedict SpenceBenedict Spence is a freelance writer. He is on Twitter @BenedictSpence Isas are a popular way for savers to squirrel away money. And given that these savings accounts are free from both capital gains and dividend tax, the Stocks and Shares Isa is particularly appealing to investors.With all that said, not all Isas are created equal, and charges can vary wildly across providers. whatsapp It costs £10 to buy and sell holdings, while regular transactions, including dividend reinvestment, costs £1.50 each time.Fidelity is definitely not the cheapest, but the platform offers a raft of information, top fund lists, and ideas for investors who want some guidance.Hargreaves LansdownLike Fidelity, Hargreaves Lansdown’s platform is simple to navigate and provides plenty of information, including a recommended fund list.Admin fees for its Stocks and Shares Isa are 0.45 per cent for the year, though shares and investment trusts are capped at £45. While fund dealing is free, buying or selling shares, investment trusts, corporate bonds, and ETFs will set you back £11.95 per trade, which, again, isn’t cheap – though the cost drops after 10 trades per month.The platform gives you the option of automatically reinvesting income from funds, but note that this comes with a one per cent charge of the trade value.Also watch out for the £25 transfer-out fee.While Hargreaves is ideal for people who want a helping hand, you’ll have to weigh this up with the higher costs.Interactive InvestorThis platform has an admin fee of £22.50 per quarter, but this money is returned to you in the form of trading credits. The platform charges £10 to buy or sell funds, shares, investment trusts or exchange-trade funds. So if you bought two funds, you would have £2.50 left to work with.Monthly reinvestment costs £1, making this a winner for frequent traders. And with the provider ditching its transfer-out fee last year, you can switch at no cost if you decide that it isn’t right for you.This is by no means an exhaustive list of platforms, but it should give you an idea of the range of options available in the market. 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George Floyd London protests: Thousands gather in Hyde Park

first_imgThousands of people descended on Hyde Park this afternoon to take part in protests organised by Black Lives Matter London in response to the killing of George Floyd. Another protester told Sky News that events in the US were “heartbreaking to watch”, adding she wanted people to stand up for family, friends and colleagues. Stefan Boscia Speaking to the Evening Standard, one of the London protest organisers said: “We want as many Londoners to join as possible. The death of Floyd sparked demonstrations with widespread rioting and looting in many American cities. “Policing is complex and challenging and sometimes we fall short. When we do, we are not afraid to shine a light on injustices or to be held to account.” “So for whatever reason people want to come together, we ask that people continue to work with officers at this challenging time.” “We hope people will engage in action in any way that they can, whether it be a protest or whether it be supporting an existing campaign or otherwise. Taking a knee has become a symbol of the protest and is a reference to former NFL player Colin Kaepernick’s refusal to stand for the national anthem at games as a protest against racism in the US. “Since 1990 almost one person a week has died at the hands of the police or prison system in Britain, and we need accountability and reform here as well. Before the Open newsletter: Start your day with the City View podcast and key market data whatsapp George Floyd London protests: Thousands gather in Hyde Park In a joint statement the leader of three national police bodies said: “We stand alongside all those across the globe who are appalled and horrified by the way George Floyd lost his life. Justice and accountability should follow. The demonstration mirrors those happening in the US and around the world, after a Minneapolis police officer Floyd, a 46-year-old African American man, last week. Organisers have also encouraged people across the UK to “take a knee” at their doorsteps at 6pm. They said they would uphold and facilitate the right to lawful protest, but warned coronavirus lockdown rules still barred gatherings of more than six people. “This crisis has to stop if we don’t want to go in the same direction as the United States.” Many videos have also emerged of police brutality against peaceful protesters and journalists, causing outrage across the globe. Jessie, 22, told the Evening Standard: “We need action now. The problem of racism is being swept under the carpet.” Yesterday, Donald Trump threatened to call in the armed forces if state governors did not get a grip on the violence. Wednesday 3 June 2020 1:58 pm It comes after UK police forces said they were “appalled” at the death of George Floyd and vowed to tackle racism. (Getty Images) Also Read: George Floyd London protests: Thousands gather in Hyde Park “We will tackle bias, racism or discrimination wherever we find it.  (Getty Images) Also Read: George Floyd London protests: Thousands gather in Hyde Park Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoOceandraw29 Brides Who Took Their Wedding Gown Way Too FarOceandrawUndoFlight 10A Day At The Beach Gone WrongFlight 10UndoHousediverSee What Happened To The World’s First Surviving Septuplets, And What They’re Up To LatelyHousediverUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndo The peaceful protest began at 1pm, with crowds chanting “no justice, no peace” and waving signs in solidarity with demonstrators in the US. Share (Getty Images) Today’s demonstration comes after thousands of people broke lockdown rules on Sunday to get involved in a Black Lives Matter protest at Trafalgar Square. whatsapp The statement was signed by the heads of the National Police Chiefs’ Council, the College of Policing and the Police Superintendents’ Association. Show Comments ▼last_img read more

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State is one step closer to getting a gas pipeline, but not the one the Walker administration wants

first_imgAlaska’s Energy DeskState is one step closer to getting a gas pipeline, but not the one the Walker administration wantsJune 22, 2018 by Rashah McChesney, Alaska’s Energy Desk – Juneau Share:The current route planned for the Alaska Standalone Pipeline — an in-state natural gas pipeline designed to bring gas from the North Slope to Alaska communities. (Map courtesy of the Alaska Gasline Development Corporation)Alaska is one step closer to getting an in-state natural gas pipeline; though it’s not clear if the project will ever be built. The U.S. Army Corps of Engineers announced Friday that it had released the final supplement for its environmental review of the Alaska Stand Alone Pipeline project. The final permit in that process should be released sometime in the next three months. The in-state pipeline project has taken a backseat to the massive Alaska LNG export project. Both projects would pipe gas several hundred miles from the North Slope to market, but the standalone pipeline is designed for in-state use, while the Alaska LNG project is designed to sell that gas to Asian markets. Staff at the Alaska Gasline Development Corporation have repeatedly said that they are focused on building the larger project. Frank Richards is the senior vice president for both projects at the state’s gasline corporation. He said the in-state pipeline project is basically on hold, now that it has the permits it needs. “It’s truly the backup plan,” Richards said. “It means we will have the permits and authorization to construct, should the need arise.”Even though the in-state pipeline project is on hold, Richards said it can still help the state develop the Alaska LNG project. The pipeline projects are similar enough that federal regulators could use work done on one to guide permitting for the other. Also, Richards said there is about $11 million left over from developing the in-state project that can now be used to fund the export project.Share this story:last_img read more

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Caledonia pays £77m for Seven Investment Management stake

first_imgMonday 22 June 2015 8:37 pm Share The deal, instigated by Caledonia and which requires approval from the Financial Conduct Authority, values 7IM at £100m. The private investment group has a successful history in fund-management and as at 31 December 2014 its reported profit before tax was £8.6m and gross assets were £42.9m Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap whatsapp Caledonia pays £77m for Seven Investment Management stake 16th February 1938: A close-up of two hands grasping each other in a firm handshake. (Photo by Fox Photos/Getty Images) Paul Dotun Abiodun Caledonia Investments, a self-managed investment trust firm, yesterday announced that it will be acquiring up to 94 per cent of Seven Investment Management (7IM) by investing £77m in cash. whatsapp Show Comments ▼ Tom Sheridan, 7IM’s chief executive, yesterday said that he is pleased with the Caledonia partnership. London-listed 7IM’s management team will subscribe £5m for the remaining equity, with the balance to be provided by £25m of bank debt. Sheridan described the Caledonia culture as “perfectly aligned” with that of 7IM. Tags: NULLlast_img read more

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News / Unmanned aircraft are the future for air cargo – ‘but we need time to get it right’

first_img More than 30 mostly European organisations are pressing for the development of unmanned cargo aircraft (UCA).Forwarders, shippers, universities and aircraft manufacturers, grouped under the name Platform for UCA (PUCA), are researching technological and regulatory issues and hoping to attract investment.UCAs are expected to be cheaper and more efficient than piloted aircraft, and PUCA sees commercial possibilities in those with a 10-tonne payload, to cover thin traffic routes.“We don’t believe there’s a market for big aircraft,” said Hans Heerkens, assistant professor of the University of Twente and chairman of PUCA. By Alex Lennane 26/05/2015 Artist’s impression. (Bluebird Electric)center_img “There are many areas where you can’t transport cargo efficiently, and we think these aircraft would be especially good for areas without high volumes of freight or passengers – like Wales, or Eastern Europe.”The group’s plans, which could take 15 to 20 years to come to fruition, are backed by the European Shippers’ Council (ESC).“We believe in the development of drones and bigger unmanned cargo aircraft, not for the next five or 10 years, but definitely over the next 20 years,” said Joost van Doesburg, ESC airfreight policy adviser.“Unmanned and unpressurised cabins have clear advantages in relation to weight and other technical aspects. And we can create a product that is developed for us, and fulfills our cargo requirements.”The aircraft need not have a traditionally shaped fuselage, could have a larger loading door in place of a cockpit and could also be designed with shipping containers in mind. Without the need for pressurised cabins, life-saving equipment and with just one ground-based ‘pilot’ controlling the aircraft, operating costs would be considerably lower than for a manned plane.“The basic technology is there, but we don’t have experience  – and there are safety concerns,” admitted Mr Heerkens.“I think an airplane without a pilot would be safer, in the end but not in the beginning. There will be accidents and problems, and we will need to experiment a lot.”One of the challenges will be airspace, and SESAR, the single European sky project, is already considering how it could work. While Airbus, which is also involved in the project, is advocating “sky tunnels” for unmanned aircraft, to ensure they are not in the same space as traditional aircraft, PUCA is calling for a worldwide standard to allow the aircraft to operate and integrate in manned aircraft airspace.“Cargo needs to go to economic centres, which have dense airspace,” said Mr Heerkens. “These aircraft could even land on roads in industrial parks, but we need regulatory and safety systems which can handle it.”Mr van Doesburg added: “Rules for landing rights should probably also change for this breakthrough technology.”PUCA is urging potential operators, shippers, IT companies and logistics companies to get involved in the project.“Right now, everyone is waiting for everyone else,” said Mr Heerkens. “Shippers and operators are saying ‘show us the aircraft’, manufacturers are saying ‘tell us if you want it, and we’ll build it’, and governments are saying ‘we can look at it if the market asks’.“I don’t see this as a solution for a regular airline, like British Airways. But FedEx is conducting research into certain aspects, for example taxiing to the hangar. And Airbus has shown interest. There are also a number of armed forces involved. Unmanned aircraft have so many possibilities.”Mr van Doesburg added: “Other industry associations should also be involved in this innovation. We can now advise and assist this group to understand what we need as an air cargo industry.”last_img read more

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The latest roadblock to Trump’s plan to put drug prices in ads: House Republicans

first_img GET STARTED The latest roadblock to Trump’s plan to put drug prices in ads: House Republicans Politics By Nicholas Florko Sept. 13, 2018 Reprints WASHINGTON — President Trump’s splashiest idea for lowering the cost of prescription drug prices was to force pharmaceutical companies to include the prices of their products in TV and other advertisements.But when Capitol Hill had a chance Thursday to help him achieve that goal, lawmakers failed. And counterintuitively, it was House members in the president’s own party who ultimately nixed the provision. In fact, it was a Democrat, Sen. Dick Durbin of Illinois, pushing the measure hardest. What is it? Log In | Learn More [email protected] 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. Washington Correspondent Nicholas Florko reports on the the intersection of politics and health policy. He is the author the newsletter “D.C. Diagnosis.”center_img What’s included? About the Author Reprints Nicholas Florko Tags Congressdrug pricingpolicyWhite House Sen. Chuck Grassley (R-Iowa), left, and Sen. Richard Durbin (D-Ill.), right. Brendan Smialowski/Getty Images Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED @NicholasFlorko 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.last_img read more

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Non-essential retail, sports training, haircuts and inter-county travel all permitted as Covid restrictions ease further

first_img Pinterest Facebook TAGSCoronavirus Non-essential retail, sports training, haircuts and inter-county travel all permitted as Covid restrictions ease further RELATED ARTICLESMORE FROM AUTHOR Twitter Electric Picnic organisers release statement following confirmation of new festival date Electric Picnic apply to Laois County Council for new date for this year’s festival Council The re-opening of society after the enforced restrictions of the past year takes a significant step forward from today as a number of regulations end.From today, non-essential retail (like clothes shops) will begin trading again on an appointment basis while the inter-county travel restriction will be lifted as will the ban on non-elite adult group sports training.Alongside retailers, hairdressers, barbers, and beauticians can reopen to customers with appointmentsThere is also a distinct change to the number of households that can meet up.The Government advisory states that a maximum of three households or six people from any number of households can meet up. This limit of six does not include their children aged 12 or younger.Fully vaccinated people can meet indoors with other fully vaccinated people as long as there are no more than three households present.Those who are fully vaccinated can meet indoors with unvaccinated people from a single household, provided that they are not at risk of severe illness and no more than three households are present.Organised outdoor gatherings with a maximum attendance of 15 people are permitted and that goes for outdoor training for adults in pods limited to 15 people.There is a phased reopening of non-essential retail with click and collect, in-store by appointment only. This is ahead of the full reopening of retail from next Monday. May 17.Libraries will be allowed to lend books but there will be no access to reader spaces or computers.There are changes to religious services including funerals and weddings as 50 people can attend the service.There is still a ban on “related events” for funerals but a maximum of six people can take part in an indoor wedding reception or 15 people for an outdoor gathering.Further restrictions will be eased in early June with hotels and guesthouses re-opening on June 2 while restaurants and pubs can reopen for outdoor service on June 7.Also on June 7, gyms, swimming pools and leisure centres can reopen while sports matches can be held without supporters present.SEE ALSO – Up and Coming: Portlaoise girl Leanne Donovan on her exciting venture for Irish Graduates Twitter Previous articleUp and Coming: Portlaoise girl Leanne Donovan on her exciting venture for Irish GraduatesNext articleJOB VACANCY: Stylebar in Portlaoise seeking to hire stylist LaoisToday Reporter Electric Picnic WhatsApp WhatsApp Home News Community Non-essential retail, sports training, haircuts and inter-county travel all permitted as Covid… NewsCommunity Electric Picnic Pinterest Facebook By LaoisToday Reporter – 10th May 2021 Mary Sweeney elected Cathaoirleach of Portlaoise Municipal District for next 12 monthslast_img read more

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Provinces opposed to federal plan for national regulator cite “fragmentation”

first_img Keywords National securities regulator Related news Share this article and your comments with peers on social media Indeed, it reports that Alberta, Québec and Manitoba have reconfirmed their opposition to the common regulator proposal, and accompanying federal legislation. B.C. and Ontario remain the only provinces that have formally committed to the proposal, and the council notes that the other jurisdictions “continue to evaluate their options.” In the meantime, it says that the council has agreed to continue working toward, “establishing a cooperative provincial-territorial securities framework that will recognize and preserve provincial and territorial authority to regulate securities.” Once again, it is hoping to have a memorandum of agreement developed to sketch out its vision for a cooperative regulatory framework to be considered by the council at its next meeting in September. “Council believes that this alternative cooperative model provides a better framework for improving and enhancing the provincial-territorial securities regulatory system for Canada than the capital market regulator proposed by British Columbia, Ontario and the federal government, while addressing the concerns of those governments,” it says. “It is the view of the council that our alternative cooperative model will reduce market fragmentation, improve enforcement, identify and reduce systemic risks, and reduce regulatory burden.” The council indicates that it envisions a framework that will include: a common adjudicative tribunal; a common enforcement agency; and, a coordinated legislative process that would help maintain harmonized securities legislation and regulation, while preserving the flexibility to allow for regional differences. It also wants the framework to improve the efficacy of the council; establish a national systemic risk committee; and, strengthen provincial participation in international forums. At the meeting, the council also discussed recent initiatives aimed at formally recognizing financial planning as a profession; and, proposed changes to expand the exempt market. It also received an update from Bill Rice, chair of the Canadian Securities Administrators (CSA) and chair and CEO of the Alberta Securities Commission (ASC), on proposed enhancements to the CSA, the passport system, and the CSA’s current business plan. Budget promises funding for national regulator effort Facebook LinkedIn Twitter James Langton National regulator effort effectively dead Morisset’s term as CSA chair extended While advocates of a national securities regulator remain hopeful that the latest proposal for a cooperative regulator will gain traction with most of the provinces, the current scorecard remains two in favour, three against. According to a new statement from the Provincial-Territorial Council of Ministers of Securities Regulation (which excludes Ontario and British Columbia), following a meeting on June 22 and 23, in Charlottetown, PEI, the council, “is concerned about further fragmentation of the securities regulatory system if the Common Market Regulator proposal developed by the federal, British Columbia and Ontario governments is implemented.” last_img read more

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TSX, New York markets climb

first_img Keywords Marketwatch Linda Nguyen S&P/TSX composite hits highest close since March on strength of financials sector Related news “It’s a fairly healthy day,” said Colum McKinley, a portfolio manager and vice-president of Canadian equities at CIBC Asset Management. The Toronto stock market was lifted by gains across most sectors, particularly an almost 9% bump in metals and mining stocks, but dragged down by gold issues. McKinley said recent big ups and downs in the market have become the new norm. “We’re definitely going to have volatility in the short term, and we’re seeing that across all markets,” he said In New York, enthusiasm was even stronger as the Dow Jones industrial average shot up 222.57 points to 16,196.41, while the broader S&P 500 composite rose 30.80 points to 1,895.58 and the tech-heavy Nasdaq composite jumped 98.45 points to 4,435.96. The TSX was closed Monday for Ontario’s Family Day and American markets were shut down for Presidents’ Day. The commodity-sensitive Canadian dollar slipped as oil and precious metals prices weakened, easing 0.10 of a U.S. cent to 72.04 cents US. “The biggest driver in the near term for the Canadian dollar is going to be price of oil, and stability in the price of oil is eventually going to lead to stronger currency,” said McKinley. The March contract for benchmark North American crude oil fell 40 cents to US$29.04 a barrel after a big run-up on Friday. The retreat came despite word of an agreement between Russia and Saudi Arabia to freeze their oil output, but only if other OPEC countries agree to do the same. Analysts believe Iran is unlikely to go along because it wants to ramp up production now that economic sanctions have been removed. McKinley said markets may start seeing early signs of a bounce back in crude prices as the number of active oil rigs decrease and the current market oversupply lessens. “It’s going to be uneconomical for companies to drill,” he added. Last Friday, oilfield services company Baker Hughes Inc. reported that the number of rigs exploring for oil and natural gas in the U.S. declined by 30 to 541, down from 1,358 rigs a year ago. Meanwhile, March natural gas shed six cents to US$1.90 per mmBtu, while April gold plunged $31.20 to US$1,208.20 a troy ounce and March copper added two cents to US$2.05 a pound. Investors kicked off holiday-shortened trading weeks in both the U.S. and Canada in buying moods Tuesday, sending indexes in New York and Toronto sharply higher. The S&P/TSX composite index climbed 173.74 points or more than 1% cent to 12,554.98 at the close, adding to a nearly 300-point gain on Friday. Facebook LinkedIn Twitter TSX gets lift from financials, U.S. markets rise to highest since March Toronto stock market dips on weakness in the energy and financials sectors Share this article and your comments with peers on social medialast_img read more

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Hotel Bookings Bounce Back Following New Visa Regime

first_imgFacebookTwitterWhatsAppEmail Minister of Tourism, Entertainment and Culture, Hon. Aloun Ndombet Assamba, has said that hotel bookings have picked up steadily since last week, following a slowdown after the implementation of the CARICOM Special Visa on February 1.Mrs. Assamba, who was speaking at the launch of Irish-fest yesterday (Feb. 20) at the Courtleigh Hotel in New Kingston, said the turnaround indicated that “it makes very little sense to cry foul when a new innovation comes on board”.“As with any change, it takes a while to catch on and we are very happy that this reality has proven true for the CARICOM Visa,” she stated.The Minister again fiercely defended the implementation of the visa regime, stating that the region could not compromise security in the interest of convenience. “I must admit I would have hoped that we would have had a longer time to prepare for it but we did not and we have had to make accommodations as necessary,” she pointed out.Minister Assamba also praised all partners, who worked to ensure that the transition process was as smooth as possible. “I am pleased to say we worked one on one with tour operators and with travel agents. We worked one on one with visitors to make sure that this went as smoothly as possible,” she added.Under the new visa regime, persons are allowed free movement within the region, which commenced operating as a single domestic space on February 1 as part of preparations for the ICC Cricket World Cup 2007.With the exception of the United Kingdom, United States, Italy, Germany, France, Ireland, Spain, Netherlands, South Africa and Canada, in addition to all member states of the Caribbean Community, except Haiti, all other countries will require a visa for entry during the period February 1 to May 15.Some hotel operators had raised objection to the implementation of the visa, noting that it would result in losses through cancelled bookings. Advertisements RelatedHotel Bookings Bounce Back Following New Visa Regime RelatedHotel Bookings Bounce Back Following New Visa Regimecenter_img Hotel Bookings Bounce Back Following New Visa Regime UncategorizedFebruary 21, 2007 RelatedHotel Bookings Bounce Back Following New Visa Regimelast_img read more

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