Managers signal warning over European markets


first_imgEuro-zone equities have “struggled” relative to US equities, BoAML added. Average allocations to Europe have reduced slightly since May, but the researchers said they remained positive in the short term on the region, citing the economic backdrop and expected free cash flow growth.A majority of those surveyed (42%) said that the Fed’s planned reduction of its quantitative easing programme this year would be a “non-event”. Roughly a third (31%) said it would send bond yields up and stock prices down.“Yet until 10-year Treasury yields climb the wall of 3%, few investors think Treasuries will cause an equity bear market,” BoAML’s researchers said.The survey also showed that the sample of 179 managers had their highest net underweight position in US stocks since January 2008. The UK was managers’ biggest underweight relative to the survey’s history.During June, US tech stocks were among the most sold sector: 68% of respondents said US and global internet stocks were “expensive”. A further 12% said the sector was “bubble-like”.Since 2009, technology has been the most popular sector in 80% of BoAML’s surveys, the company said.Managers held an average 4.9% in cash, the research showed, down slightly from 5% in June’s survey. A quarter of those holding higher cash levels said they were doing so because of “bearish views on markets”. The European Central Bank (ECB) is the most likely trigger of a selloff, according to a leading survey of fund managers.Managers told Bank of America Merrill Lynch’s (BoAML) monthly sentiment and positioning survey that the risk of a policy mistake from the US Federal Reserve or the ECB was the second biggest tail risk, after a bond market crash.In addition, respondents said euro-zone equities and EU and US credit were among the most crowded trades, which BoAML said meant the ECB was the “most likely central bank to spark global ‘risk-off’” scenario.BoAML’s researchers said: “The persistent overweight in euro-zone versus US equities could be more bad news for European investors. The three-month average for allocation [to Europe] is above 50% and, at 57%, is a record high. This is often a contrarian signal.”last_img read more

USA: Dominion’s Cove Point ships first LNG export cargo


first_imgLNG World News Staff Dominion Energy’s Cove Point terminal in Maryland, the second US facility to produce LNG from shale gas, shipped its first cargo of the fuel on Friday.As previously reported by LNG World News, Shell’s 136,985-cbm LNG carrier Gemmata docked at the Cove Point facility on Wednesday to load the first LNG export cargo.The LNG tanker left the facility early on Friday, according to the marine data provider, VesselsValue. The vessel’s final destination was not disclosed by the time this article was published.Dominion Energy has previously said that Shell was providing the natural gas needed for liquefaction during the commissioning process of the facility and will off-take by ship the LNG that is produced.When commissioning is complete, Dominion’s LNG export facility will produce the chilled fuel for ST Cove Point, the joint venture of Japan’s Sumitomo Corporation and Tokyo Gas, and for India’s GAIL under 20-year contracts.The $4 billion Cove Point facility has a nameplate capacity of 5.25 mtpa of LNG.last_img read more

Fire breaks out on Eni’s Goliat FPSO


first_imgA fire broke out on board Eni-operated Goliat FPSO early on Friday, forcing the Italian oil company to halt production from the Barents Sea field off Norway. At 6.30 am on Friday a fire developed in the sauna in the living quarters on Goliat FPSO, Eni informed.The Italian company said that the situation quickly came under control, but some smoke development did occur. No one was injured in connection with the incident.According to the company, the production was shut down and the crew mustered to the lifeboats. All relevant authorities were notified.The situation is normalized and the crew has demobilized in accordance with normal procedure.“Eni Norge is taking the incident seriously and is initiating an investigation to find causal links and lessons learnt,” Eni concluded.last_img read more

Worker Dies while Breaking Evergreen Marine Ship at Chittagong Yard


first_imgOne worker lost his life in an incident at a shipbreaking yard in Chittagong, Bangladesh, while scrapping a vessel owned by Taiwanese shipping company Evergreen Marine, the NGO Shipbreaking Platform said. Local reports say that the man was cutting the containership Ever Union at Kabir Steel’s Khawja yard when he fell from a great height. Unfortunately, he died on the spot.Kabir Steel’s shipbreaking yards are part of the large industrial conglomerate of Kabir Group of Industries. The NGO Shipbreaking Platform said it has documented several severe accidents at the company’s yards over the last years.In 2017 and 2018 alone, at least four workers were killed. In 2016, Kabir Steel’s private security personnel fired shots and injured seven people who were protesting following the death of a shipbreaking worker.The Post-Panamax boxship Ever Union was beached in Bangladesh in April this year. As informed by the NGO Shipbreaking platform, the Taiwanese owner of the vessel has been under the spotlight for its “irresponsible shipbreaking practices”. In January 2018, the Norwegian Central Bank announced its decision to exclude Evergreen from the Government Pension Fund Global, due to the shipowner’s poor management of its end-of-life ships and their sale for dangerous breaking on the infamous beach of Chattogram.The NGO coalition added that since 2018 the company has not changed its policy. Five Evergreen vessels, including two Post-Panamaxes and three Handy containers, ended up in Bangladesh this year, data provided by VesselsValue’s shows. Three of them were allegedly sold to shipbreaking yards owned by Kabir Steel.The Ever Union was sold for demolition for more than USD 10 million. Before reaching the shore, the ship was renamed Vera and changed registry to the Paris MoU black-listed flag of Palau, the NGO said.Despite activities being slow due to the monsoon rains, incidents keep occurring. According to the platform’s member organization Young Power in Social Action (YPSA), another worker lost his life in Chattogram at the beginning of July.In May this year, three workers died and several others were injured in an explosion at Mahinur Ship Breaking yard, known as Premium Trade Corporation. The incident once again reflected the overall dire working conditions at the Bangladeshi shipbreaking yards.“Twenty workers lost their lives in 2018. The number of deaths was the highest in last eight years. These two recent accidents bring the total death-toll of the shipbreaking industry this year to at least ten workers,” Muhammed Ali Shahin, Project Coordinator at YPSA, commented.“Clearly, no lesson has been learned. Accidents keep happening, indicating a complete lack of intention from yard owners to ensure workers’ safety,” he further said.A total of 193 ships were broken in the second quarter of 2019. Of these, 146 vessels were sold to scrapping yards in South Asia, the NGO Shipbreaking Platform’s report shows.More than half of the ships sold to South Asia in the second quarter changed their flag to the registries of Comoros, Niue, Palau and St. Kitts and Nevis just weeks before hitting the beach.last_img read more

Weather advisory: Weak unstable conditions are approaching the area.


first_img Share LocalNews Weather advisory: Weak unstable conditions are approaching the area. by: – September 21, 2011 Share Share 11 Views   no discussionscenter_img Tweet Sharing is caring! Image via: amild.us.blogspot.comWeather Outlook for Dominica and the Lesser Antilles, issued: 12:00PM on Wednesday, September 21, 2011.A small area of low pressure located just to the east of the Leeward and northern Windward Islands is drifting westwards. Moisture from this system transported south is expected to produce a few showers and occasional gusty winds over the northern Leeward island later today. This system has a low chance…near 0 percent…of becoming a tropical cyclone during the next 48 hours.Sea conditions are expected to be slightly above normal along the northern and eastern coast of the island. As a result, small craft operators and sea bathers along these coastlines should exercise some caution.Tropical Storm Ophelia has strengthened over the past few hours. At 11 am the center of Tropical Storm Ophelia was located near latitude 13.0 north…longitude 43.6 west or about 1245 miles east southeast of Dominica. Ophelia is moving toward the west near 16 mph…26 km/h…and this general motion is expected to continue for the next 48 hours with a gradual turn towards the west northwest on Friday. Maximum sustained winds have increased to 60 mph…95 km/h…with higher gusts. However some weakening is expected during the next 48 hours. Tropical storm force winds extend outward up to 175 miles…280km…mainly to the north of the center.This system is forecasted to be near the island chain by the weekend. Residents in Dominica are advised to continue to monitor the progress of this system as we continue to keep you updated.Dominica Meterological Servicelast_img read more

Ralph Kunz, 78


first_imgRalph W. Kunz, 78, of Osgood passed away at 6:20pm, Monday, May 22, 2017 at the Margaret Mary Community Hospital in Batesville. He was born near Napoleon on April 16, 1939 the son of Albert and Esther Peetz Kunz. He was married to Sylvia Russell on December 20, 1958 and she survives. Other survivors include three daughters Karen (Steve) Sullivan of Osgood, Marilyn (John) Washburn of Westport, and Lisa (Kyle) Seitz of Osgood; seven grandchildren Travis (Kimberly) Sullivan Jerid (Ally) Sullivan, Anita (Joe) Maloney, Michell (Jason) Schwering, and Tyler, Hunter, and Conner Seitz; 8 great-grandchildren; two brothers Tilford Brunner of North Carolina, and Bill (Rita) Robbins of Greensburg. He was preceded in death by his parents, his brothers Howard, Cleo, Herschel, and Floyd Kunz, and his sister Vera. Mr. Kunz was a 1957 graduate of Napoleon High School. He served in the Indiana Army National Guard from 1956 to 1964 where he served as a scout driver and earned the sharpshooter badge with one bar. He was a former employee of ITT in North Vernon where he worked as a shipping foreman. He retired from Jac-Cen-Del High School in 2003 after working as a custodian for 20 years. Ralph enjoyed drinking coffee at the Whistle Stop and Red Barn in Osgood, riding his Harley, shooting guns, playing euchre, working with his hands, spending time with his family, and was affectionately known as the “Mayor of Otter Village”. Ralph was a member of the St. John Lutheran Church at Napoleon. Funeral services will be held on Friday, May 26th at 11am at the St. John Lutheran Church in Napoleon with Pastor Donn Abdon officiating. Burial will be in the church cemetery with military graveside rites by the Osgood American Legion. Visitation will be on Thursday from 4pm to 7pm at the Stratton-Karsteter Funeral Home in Versailles and from 10am until time of services at the church on Friday. Memorials may be given to Rescue 69 or the St. John Lutheran Church in care of the funeral home.last_img read more

Willian’s debut fails to lift Arsenal in 3-2 deficit against Aston Villa


first_img Aubameyang cancelled out a Villa opener from Brazil midfielder Douglas Luiz before the break. But England Under-19s star Jacob Ramsey struck twice in the second half to sink the Gunners, either side of Aubameyang tucking home a penalty. read also:Willian reveals why he dumped Chelsea for Arsenal Arteta, though, will be more concerned about events off the field – as he looks to add a couple more signings. Having recruited Chelsea winger Willian and Lille centre-back Gabriel Magalhaes, Arsenal are still keen on Atletico Madrid’s £45million anchorman Thomas Partey. And speculation over a bid for Barcelona’s Philippe Coutinho has revved up again, especially now the ex-Liverpool ace has returned to Spain from his loan spell with Champions League winners Bayern Munich. FacebookTwitterWhatsAppEmail分享 Pierre-Emerick Aubameyang’s double failed to prevent Aston Villa from beating an Arsenal side with Mesut Ozil and new boy Willian 3-2 in a behind-closed-doors friendly. Skipper Aubameyang showed why the Gunners are itching for their main marksman to sign the new three-year contract he has reportedly agreed as he hit two temporary levellers at the Emirates. Both Premier League sides mixed first-teamers with youngsters as Arsenal again conceded three goals, following Tuesday’s 4-3 win over QPR. But boss Mikel Arteta will be glad to ease his players up to speed after admitting it was tough having last weekend’s Community Shield against Liverpool midway through their pre-season build-up. Dani Ceballos was also involved just a day after renewing his Arsenal loan from Real Madrid, while fellow midfielder Ozil returned after finishing last season as an outcast. Playmaker Ceballos, 24, is now on course for Arsenal’s Prem opener at promoted London rivals Fulham next Saturday. Brazilian Willian, who moved on a free transfer from Chelsea, also played In his first game for his new club. Promoted Content7 Black Hole Facts That Will Change Your View Of The Universe10 Risky Jobs Some Women DoLook At Something Beautiful That Wasn’t Made By A Human BeingCouples Who Celebrated Their Union In A Unique, Unforgettable Way7 Theories About The Death Of Our UniverseWhich Country Is The Most Romantic In The World?6 Unforgettable Shows From The 90s That Need To Make A Comeback8 Superfoods For Growing Hair Back And Stimulating Its GrowthA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayBirds Enjoy Living In A Gallery Space Created For Them2020 Tattoo Trends: Here’s What You’ll See This Year6 Best ’90s Action Movies To Watch Todaycenter_img Loading… last_img read more

Too much winter: Beatrice cancels Spring Nationals


first_img“We’ve been watching this weather for a month. We’ve still got a foot of snow on the ground and no warm days in the forecast,” Promoter Toby Kruse said. “Canceling was not an easy decision. There was just no way to make Spring Nationals happen.”  Beatrice Speedway officials have announced that the traditional season-opening special, originally scheduled March 8 and 9 and then postponed to March 15 and 16, has now been canceled.  This is the first time in Spring Nationals’ 25-year history the entire event has been lost to weather; the last time a single nightly program was snowed out was 2014. BEATRICE, Neb. – Winter weather will be the winner of Spring Nationals.center_img “Scheduling is another issue,” he added, noting upcoming early-season events at area tracks. “We want to be a good neighbor.” IMCA Modified, IMCA Late Model, IMCA Sunoco Stock Car, IMCA Sunoco Hobby Stock, Karl Chevrolet Northern SportMod and Mach-1 Sport Compact drivers who entered early will receive refunds by mail.last_img read more

Velma E. Dieckmann


first_imgVelma E. Dieckmann, age 90 of Batesville, died Tuesday, November 12, 2019 at St. Andrew’s Health Campus.  Born August 13, 1929 in Cedar Grove, Indiana, she is the daughter of Alma (Nee: Pulskamp) and Alfred Deffner.  She married Harold Dieckmann September 8, 1956 at Guardian Angel Church in Cedar Grove.  A homemaker, she was a member of St. Louis Church and the Daughters of Isabella.An exceptional cook, her homemade bread and rolls will be dearly missed.  Velma also was a longtime babysitter, having watched many of the children from the area through the years.  She is survived by her daughter and son-in-law Wilma “Willie” and Dennis Moeller of Oldenburg; sons and daughters-in-law Paul and Anita Dieckmann of Danville, Indiana, Brian and Sandy Dieckmann of Whiteland, Indiana; sisters Pat Naayers of Florida, Sharon Singer of West Chester, Ohio; brother Dale Deffner of Brookville; seven grandchildren and six great grandchildren.  In addition to her husband and parents, she is also preceded in death by her brother Ron Deffner.Visitation is Friday, November 15th, from 9 – 11 a.m. at the Weigel Funeral Home with a prayer service by the Daughters of Isabella at 9 a.m. to be followed by a rosary service.  Funeral services are 11:30 a.m. Friday at St. Louis Church with Rev. Stan Pondo officiating and burial in the church cemetery.  The family requests memorials to the St. Vincent de Paul Society or the Special Olympics.last_img read more

Lewandowski strikes season’s 44th goal


first_imgRobert Lewandowski’s remarkable goal-scoring exploits at Bayern Munich in 2019-20 have seen him record a new personal best, with a 44th goal of the season netted in a meeting with Bayer Leverkusen.The reigning German champions were back at their record-setting best on Saturday, having initially been given an early scare. Hansi Flick’s side fell behind inside nine minutes, but recovered quickly to once again assert their dominance over a domestic rival.Lewandowski once again got in on the act, as he has on a regular basis throughout the current campaign.In some ways it can be considered a surprise that it took 66 minutes for him to trouble the scorers.Once the target was found, though, the prolific Poland international was able to celebrate raising an individual bar that he has already set at a height that few can compete with.Lewandowski has reached the 40-goal mark in five successive seasons, with 235 efforts recorded in total for Bayern across just 279 appearances. He is once again up to 30 in the Bundesliga this term, which represents the third time he has hit that tally – and the first since 2016-17.Only the legendary Gerd Muller can claim to be able to better that return from Lewandowski, having breached the 30-goal mark on five occasions.It is, however, the fact that he now has 44 across all competitions that will be giving Lewandowski the greatest satisfaction, as he has risen above the haul he recorded in the aforementioned 2016-17 campaign.His talismanic efforts have also helped Bayern to re-write history once more.The free-scoring Bavarian giants have now plundered 90 goals across 30 games in 2019-20, with no Bundesliga side having ever been as destructive. Flick is the one giving Bayern the freedom to go out and express themselves in devastating fashion.He has also added an entry to the record books that a star-studded side have ripped up on a regular basis this season.Flick has spent 20 games at the Bayern helm, with a standing taken up back at the top of the Bundesliga table under his guidance.The vast majority of opponents have been blown away during his tenure, with a record number of goals scored during the early months of his Bundesliga reign.RelatedPosts Club’s server collapses over ticket demand for first Bundesliga game in 11 years Bayern Munich fans undergo Super Cup coronavirus tests Vidal lands in Milan to complete move from Barca to Inter Tags: Bayer LeverkusenBayern MunichBundesligaRobert Lewandowskilast_img read more