Metro targets emerging markets to boost growth

first_img Tags: NULL Metro targets emerging markets to boost growth Show Comments ▼ whatsapp 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 Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comcenter_img whatsapp Share RETAIL giant Metro is stepping up investment in emerging markets and online after it beat 2010 profit forecasts and said it saw good growth this year, provided the economic recovery continues. The German group, which runs cash & carries, electronics stores, hypermarkets and department stores, said it planned to open more than 110 new stores this year, mostly in China, India and Russia.Metro, which had already released sales figures in January, reported 2010 earnings before interest and tax of €2.42bn (£2.096bn) excluding special items, and increased the dividend to €1.35 per share.But the company warned over the threat to the business from the crisis in Japan and conflict in Libya and instability in the Middle East.It said in a statement: “It cannot be excluded that market conditions might deteriorate and affect the targeted earnings momentum.” Tuesday 22 March 2011 8:23 pm KCS-content last_img read more


FCMB Group Plc (FCMB.ng) 2012 Annual Report

first_imgFCMB Group Plc (FCMB.ng) listed on the Nigerian Stock Exchange under the Financial sector has released it’s 2012 annual report.For more information about FCMB Group Plc (FCMB.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the FCMB Group Plc (FCMB.ng) company page on AfricanFinancials.Document: FCMB Group Plc (FCMB.ng)  2012 annual report.Company ProfileFCMB Group Plc is a financial services institution offering products and services for the commercial, corporate and institutional sectors in Nigeria and Europe. The company’s core portfolio is focused on investment banking, asset management, commercial banking, corporate banking, personal banking, institutional banking and treasury and financial markets. The company also offers services for stockbroking, trusteeships, micro-lending and asset and cash management. FCMB Group Plc was founded in 1977 and its head office is in Lagos, Nigeria. FCMB Group Plc is listed on the Nigerian Stock Exchangelast_img read more


BOC Kenya Limited (BOC.ke) HY2017 Interim Report

first_imgBOC Kenya Limited (BOC.ke) listed on the Nairobi Securities Exchange under the Energy sector has released it’s 2017 interim results for the half year.For more information about BOC Kenya Limited (BOC.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the BOC Kenya Limited (BOC.ke) company page on AfricanFinancials.Document: BOC Kenya Limited (BOC.ke)  2017 interim results for the half year.Company ProfileBOC Kenya Plc (BOC), established in Mombasa, Kenya, in 1940, is a leading supplier of industrial, medical and special gases in East Africa. In 1947 the company started operations in Nairobi and later years, in Kisumu, Kampala, Mwanza and Dar-es-Salaam. The Company listed on the Nairobi Securities Exchange in 1969. BOC Kenya’s portfolio includes dozens of different gases and mixtures, as well as related equipment and services. The Company’s customer base cuts across a large spectrum and includes public and private hospitals, food processors, civil and mechanical engineering contractors, motor vehicle body builders, hotels and restaurants, the informal business sector (“Jua Kali”) and small and medium enterprises. Product range includes bulk gases (Oxygen, Nitrogen and liquefied petroleum gas(LPG), packaged (cylinder) gases and engineering services (Medical equipment, Construction of medical and other gas pipelines, Gas storage tanks, etc). BOC Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more


Centum Investment Limited (CTUM.ke) 2018 Annual Report

first_imgCentum Investment Limited (CTUM.ke) listed on the Nairobi Securities Exchange under the Investment sector has released it’s 2018 annual report.For more information about Centum Investment Limited (CTUM.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Centum Investment Limited (CTUM.ke) company page on AfricanFinancials.Document: Centum Investment Limited (CTUM.ke)  2018 annual report.Company ProfileCentum Investment Limited is an equity firm specialising in investing in areas of growth, developmental capital and buyouts and seek to make equity investments between US$2 and US$20 million. The company invests in enterprises in the agricultural, education, healthcare, energy, financial services, insurance, information and communication technology, food and beverages, catering, automotive, publishing, real estate, power and FMCG sectors. In the beverage sector, it invests in businesses manufacturing alcoholic and non-alcoholic beverages and carbonated soft drinks. These companies operate in and serve the needs of domestic markets in Africa sub-regions. In most private equity investments, it prefers to acquire a controlling and significant minor stake in the company. The head office of Centum Investment Company is in Nairobi, Kenya. Centum Investment Limited is listed on the Nairobi Securities Exchangelast_img read more


New BIG-Designed Neighborhood to Activate Aarhus’ Waterfront

first_img “COPY” Projects “COPY” Mixed Use Architecture New BIG-Designed Neighborhood to Activate Aarhus’ Waterfront New BIG-Designed Neighborhood to Activate Aarhus’ WaterfrontSave this projectSaveNew BIG-Designed Neighborhood to Activate Aarhus’ Waterfront ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/551290/big-designs-7-building-waterfront-development-in-aarhus Clipboard Save this picture!Courtesy of BIGWritten by Karissa Rosenfield Share Denmark CopyBIG has unveiled plans for Bassin 7 (BSN7), a new civic-minded, mixed-use neighborhood in Denmark’s second largest city. The phased development will “breathe life into the harbor front,” placing importance on the public realm by organizing the site’s seven residential buildings with a series of recreational and cultural activities, including a beach zone, swimming pools, theater and cafe, along a public promenade. Save this picture!Courtesy of BIGRecommended ProductsEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAFiber Cements / CementsRieder GroupFacade Panels – concrete skinFiber Cements / CementsDuctal®Ductal® Cladding Panels (EU)WoodBruagBalcony BalustradesEach of the seven buildings will be unique, ranging from low- to high-rise structures, and will include a private courtyard for residents. Pockets of new public spaces will intertwine the structures throughout the plot as they meander towards the waterfront promenade, which will connect residents to an existing boat harbor, nearby town square (Nikoline Kochs Plads) and the city center.  “By designing the public space as the first step, the masterplan carefully mixes public programs with private residences, creating a new dynamic urban area where public and private realms converge,” stated BIG.Save this picture!Courtesy of BIGSave this picture!Courtesy of BIGArchitectsBIGLocationStore Torv 3, 8000 Aarhus C, DenmarkPartners in ChargeBjarke Ingels, Finn Nørkjær, Andreas Klok PedersenProject LeaderSøren MartinussenTeamAgne Rapkeviciute, Alberte Danvig, Ariel Norback Wallner, Jesefa Templo, Katerina Joannides, Nicolas Millot, Raphael Ciriani, Ryohei Koike, Spencer Hayden, Teodor Javanaud Emdén, Tore BankeClientAarhus Kommune, Anpartsselskabet Kilden & MortensenCollaboratorsGEHL Architects, Anpartsselskabet Kilden & Mortensen, CASA, MOEArea100000.0 sqmProject Year2017PhotographsCourtesy of BIGProject gallerySee allShow lessVantan Design Institute Osak / eleven nine inteiror design officeSelected ProjectsMarilia Project / SuperLimão StudioSelected ProjectsProject locationAddress:Store Torv 3, 8000 Aarhus C, DenmarkLocation to be used only as a reference. It could indicate city/country but not exact address. Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/551290/big-designs-7-building-waterfront-development-in-aarhus Clipboard ArchDaily CopyAbout this officeBIGOfficeFollow#TagsProjectsUnbuilt ProjectMixed Use ArchitectureResidential ArchitectureHousingAarhusArchitecture NewsHousingResidentialMixed UseDenmarkPublished on September 25, 2014Cite: Karissa Rosenfield. “New BIG-Designed Neighborhood to Activate Aarhus’ Waterfront” 25 Sep 2014. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemPlasticsMitrexSolar SidingMetal PanelsAurubisCopper Alloy: Nordic BronzeArmchairsAndreu WorldGrand Raglan – Lounge ChairSinksBradley Corporation USASinks – Frequency® FL-SeriesPlantingSikaGreen RoofsStonesCosentinoSilestone Surfaces – Ethereal CollectionMetal PanelsLongboard®Aluminum Battens – Link & Lock – 8″Panels / Prefabricated AssembliesFranken-SchotterFacade Panels – Dietfurt LimestoneWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusWoodGustafsWood Cladding in St. Erik Eye HospitalLightsKKDCLighting – Groove FLEXMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more


Charity Team gives St Loye’s Foundation a ‘Great West Run’ for its money!

first_imgTraining for the 25th anniversary Great West Run at Exeter Arena on Sunday 3rd May has got off to a flying start for a team of runners from Exeter charity, St Loye’s Foundation (SLF). Team St Loye’s is currently made up of 10 SLF staff, trainees and supporters including the charity’s own Chief Executive, Chris Knee.Team St Loye’s is asking runners with places in the half marathon to pick SLF as their chosen charity to support and encouraging more runners to sign up to the new shorter 5K run and go the extra mile by raising as much money as they can for the SLF.Helen Trebble, SLF’s Community Fundraiser who coordinates Team St Loye’s said: “In return for our charity runner’s hard work and fundraising efforts, each runner will receive a high quality Team St Loye’s running vest to keep, 10% discount at Ironbridge Runner in North Street, Exeter, a complimentary post-race massage on the day, courtesy of Holistic [email protected], encouragement and unstinting support for the Big Day and lots of loud cheers when they cross the finish line! All we ask is each runner commits to raising as much sponsorship as they can.”St Loyes Foundation, based in Exeter provides a range of vocational training programmes nationwide to get people with physical and mental health conditions into employment. After 70 years, the charity recently relocated from its campus on Topsham Road in Exeter to new city centre headquarters with the aim of becoming the UK’s principle training provider for people with disabilities and health conditions.St Loye’s Foundation prides itself in being one of the most active and successful organisations of its kind in the UK and money raised through this years Great West Run will enable people to achieve their work ambitions, gain sustainable employment and build a better life for themselves and their families.Team St Loye’s are seeking a sponsor for their running vests. For more information and to join the team contact: Helen Trebble on 01392 286205 or email [email protected] You can also visit Team St Loye’s fundraising page and sponsor them online at www.justgiving.com/teamstloyes.E N D S Words: 352Editors Notes:For photo opportunities and further information contact Helen Trebble, St Loye’s Foundation:Tel. 01392 286205.Email [email protected] information about St Loye’s Foundation can be found at www.stloyes.org.ukTeam St Loye’s quotes:Melanie Wall, External Programmes Coordinator, who has never run before, began her training by scheduling it around her working day at St Loye’s and running between the new offices at Brittany House and the old Topsham Road site. Following a shopping trip to Ironbridge Runner in Exeter for new running shoes to replace her 25 year old trainers, Melanie now feels she is able to run faster and further than she’d hoped! Melanie said:” I have toyed with the idea of running a marathon in the past but have always worked full-time and have 3 children which kept me busy when I was younger. Now I am 47 and have just started running and am wondering if I am nuts!”She continued: All the hard work and training is worth it though. St Loye’s Foundation really does make a huge difference to the lives of people who otherwise might not have access to training, education and the world of work. I mostly admire the team of staff here who are all genuinely motivated to helping others improve their prospects. Through the public’s support either by running and raising money for us or simply sponsoring us, we can continue to help move others out of the benefit system with all the negativity that it carries and into a brighter, more positive future”.Hannah Richards, Trainee Administrator at St Loye’s Foundation who is also running for the first time added: “I am really proud to be running on behalf of the charity I work for. St Loye’s Foundation is a lifeline to many adults with disabilities. Until coming here few have the opportunity to find employment either through lack of skills or confidence. St Loye’s Foundation provides support for the trainee along their entire journey and I hope people sponsor our team in the Great West Run to ensure the charity continues to change the lives of adults who really want our help.”Fiona Peterson, St Loye’s Foundation Admissions Administrator agreed: “I’m running for St Loye’s Foundation because I believe in the organisation. The vision and goals of the company are fantastic and I want to be able to do my part to help more people achieve their employment and ambitions. The Great West Run is also an ambition of mine and I’m looking forward to getting out there, raising lots of money and gaining my own personal sense of achievement.”Lesley Payne, the charity’s Finance Officer has entered 5K fun runs in the past and having recently celebrated her 50th birthday is now looking forward to the challenge of her first half marathon and competing against her husband who has run twice before. “I am running because I believe in what the charity stands for and the difference it makes to people’s lives. The confidence our trainees get from learning a trade and achieving the qualifications to go out and find a job they enjoy to support them and their family is invaluable. I believe that local people have always been interested in St. Loyes Foundation and I think that by doing this run we will bring attention to the fact that the charity is still here and still needs the support of the local community.”Kerry Weatherburn, Trusts Fundraiser has worked for the charity for 8 and a half years claimed: “I’ve never so much as run a bath before!” However through tremendous support from her colleagues and Pete Hardy at South West Military Fitness she is progressing well with her training and summed up by saying: “Having been at St Loye’s for so long I truly believe that what we do makes a difference, I’ve seen it for myself. Training is difficult, but the charity motivates me to push myself hard. I really feel I can do this!” Tagged with: Community fundraising Events Justgiving South West AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  31 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Charity Team gives St Loye’s Foundation a ‘Great West Run’ for its money! Howard Lake | 9 March 2009 | Newslast_img read more


Strengthened IoF Code bans selling donors’ data

first_img Howard Lake | 22 September 2015 | News Charities will be banned from selling any individual’s personal data to a third party, following a review of the Code of Fundraising Practice. This is one of a number of measures announced by the Institute of Fundraising in response to the FRSB Interim Report following media and government criticism after the death of charity volunteer and donor Mrs Olive Cooke.The Institute of Fundraising announced the changes as part of its efforts to raise further the standards required of fundraisers in the UK, in particular to protect vulnerable donors. It aimed to help put donors back in control of their relationship with charities, not least by making it clear to fundraisers that members of the public must never be put under undue pressure to give.The Fundraising Standards Board (FRSB) published its interim findings in June 2015. Some of these recommendations were accepted immediately by  the Institute’s Standards Committee at its meeting in June.The changes to the Code of Fundraising Practice come just over a week after a public commitment from a number of charity chief executives to a stronger Code to guide how charities contact people and ask for donations.Donors in controlMeasures announced include:• Every addressed fundraising communication will be required to carry a clear message explaining how donors can easily ‘opt-out’ of receiving future communications• Minimum font sizes will be introduced for opt-in and opt-out statements on all printed communication (including newspaper adverts)• Charities will be banned from selling any individual’s data to a third party• Charities will only be able to share an individual’s data with third parties for fundraising communications if that individual has ‘opted in’ and provided express consent• A new clear requirement will be introduced to ensure fundraisers end a telephone call when asked• All fundraising calls from agencies and call centres will have to be made from an identifiable number• The current grey area around ‘reasonable persuasion’ in the Code will be replaced with a clear requirement prohibiting intrusive or persistent behaviour that places undue pressure on a person to donate.One recommendation not acceptedOnly one of the FRSB’s recommendations was not accepted. This was that:“Specifically on the subject of frequency of contact, the Board recommends that the IoF amend the Code to specify the maximum amount of times that a charity can contact an individual per year”.The Institute concluded that all the recommendations in its report would “make it easier for every individual to manage the amount of fundraising communications they receive. The impact of these changes will enable a donor to reduce the contact that they have from a charity if that is what they want”.Consequently these would achieve the aim of the FRSB’s recommendation. Advertisement Strengthened IoF Code bans selling donors’ data About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. “Open, honest and respectful”Peter Lewis, IoF Chief Executive, said of the new changes to the Code:“Our Code is underpinned by the values of being open, honest and respectful. The events of recent months highlighted that in too many cases fundraising practice in the UK was not aligned either with public expectations or the values underpinning our Code. That is why we are introducing stronger requirements and are requiring all charities to review and amend their fundraising materials”.Task groupsThe new changes follow the work of four task-groups set up in June by the Institute of Fundraising’s Standards Committee to review the recommendations of the FRSB.These task groups reported to the Standards Committee and Board, where the changes were agreed. All recommendations agreed by Standards Committee are now being reviewed by lawyers before being implemented as full Code changes over the next few weeks.Tanya Steele, Chair of Standards Committee, said:“It is clear from the poor practices highlighted by the media and the increased number of complaints to the FRSB as a result, that the public feels that we have not had the right rules in place to govern fundraising. These changes, in response to the areas where the public have demonstrated most concern, are part of an ongoing commitment to strengthen the Codes and give fundraisers clear and unequivocal guidance.”You can read a full list of Code changes and responses to the FRSB Interim Report on Charity Fundraising on the IoF website.The IoF has shared these decisions with the FRSB. It expects “to work with them to agree appropriate implementation periods for Code changes ‘going live’ and any transition periods that are needed for charities to comply”.  133 total views,  3 views todaycenter_img Tagged with: ethics Fundraising Standards Board Institute of Fundraising regulation AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2  134 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2last_img read more


Video shows Romanian journalists, Reporters Without Borders organised news conference in Paris

first_imgNews March 31, 2005 – Updated on January 20, 2016 Video shows Romanian journalists, Reporters Without Borders organised news conference in Paris Reporters Without Borders and its Romanian partner organization, the Media Monitoring Agency (MMA), organised a news conference at 9:30 a.m, 1 April, at the Foreign Press Centre (CAPE, Maison de Radio-France – 116, avenue du Président-Kennedy – Paris 16e) about Marie-Jeanne Ion, Sorin Dumitru Miscoci, and Eduard Ovidiu Ohanesian, the three Romanian journalists who were kidnapped on 28 March in Baghdad.This initiative follows the screening last night by the pan-Arab TV news station Al-Jazeera of a video showing the three journalists alive.At the news conference, Reporters Without Borders secretary-general Robert Ménard and MMA programme officer Razvan Martin announced a number of initiatives aimed at generating international support and actions for the immediate release of the three hostages.Serge July, the managing editor of the French daily Libération (whose correspondent, Florence Aubenas, has been held hostage in Irak since 5 January), also participated in the news conference in order to express his solidarity with his Romanian colleagues.This news conference coincided with a meeting of the Reporters Without Borders international council, attended by representatives of the press freedom organization in countries in all parts of the world.Founded in 1994, the Media Monitoring Agency is a Romanian human rights organization specializing in the news media. Its chief goals are to promote quality news media, defend the right to free expression and free access to information, develop anti-corruption programmes and defend the access of minorities to the news media.Ion, a reporter with the Romanian television station Prima TV, Miscoci, a Prima TV cameraman, and Ohanesian, a reporter with the privately-owned newspaper Romania Libera, were kidnapped on 28 March, five days after arriving in Iraq.Prima TV said they received a call from Ion at the moment that she and her colleagues were being kidnapped. They said they thought “she was trying to explain to the kidnappers that it would be useless to do this as they were just Romanian journalists who did not have money for any ransom.”The conversation between the TV crew and the abductors was conducted partly in English and partly in Arabic, Prima TV said in a statement. “Marie-Jeanne also tried to let us know in Romanian that they had been kidnapped and that we should immediately alert the Romanian embassy in Baghdad.”Several Romanian news media reported that, a few minutes later, Ion also managed to send a telephone text message to her mother that said: “We have been kidnapped. It is not a joke. Help us.”The video screened last night by Al-Jazeera showed the three journalists with an Iraqi-American businessman who was kidnapped at the same time. Speaking in English, Ion said the kidnappers had not demanded a ransom. The video also showed two men wearing keffiyeh headdress who were pointing their guns at the hostages. The head of Prima TV, Dan Dumitru, said he was pleased to see them alive.For more information, contact Reporters Without Borders at +33 1 4483-8472 or by e-mail at [email protected] Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan Three jailed reporters charged with “undermining national security” December 28, 2020 Find out more February 15, 2021 Find out more IraqMiddle East – North Africa RSF_en Follow the news on Iraq News to go further IraqMiddle East – North Africa RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” Help by sharing this information Following the screening last night by Al-Jazeera of a video showing the three kidnapped Romanian journalists alive, Reporters Without Borders and its Romanian partner organization, the Media Monitoring Agency, organised a news conference on 1 April at the Foreign Press Centre (CAPE) in Paris about proposed campaign action for their release. Receive email alerts Organisation News News December 16, 2020 Find out morelast_img read more


A sports journalist arrested

first_img April 8, 2011 – Updated on January 20, 2016 A sports journalist arrested The sports journalist Faisal Hayat was arrested for participating in the 14 February movement. His photo was displayed on state TV with the label “traitor.” News Organisation center_img RSF_en Help by sharing this informationlast_img


Ocwen To Use Money From MSR Sales to Pay Part of Senior Secured Term Loan

first_img Today, Ocwen Financial Corporation announced that it will use payments connected with previous mortgage servicing rights (MSRs) sales to pay down $53.2 million of its senior secured term loan, according to the company’s recent 8-K filing with the Securities and Exchange Commission (SEC). As of now, Ocwen still has approximately $939.4 million left outstanding under its senior secured term loan.Embarking on the journey to transfer its MSRs at the end of last year, Ocwen has been busy selling and paying off the MSRs. The company announced in February that it sold the MSR on a portfolio of about 81,000 performing residential loans owned by Freddie Mac with an unpaid principal balance (UPB) of about $9.8 billion to Nationstar. One month later, Ocwen announced that they were selling another MSR portfolio with $25 billion in UPB to Nationstar Mortgage. Together, the two MSR deals between Ocwen and Nationstar included about 223,000 residential mortgage loans with $34.8 billion in UPB.”This transaction, on top of the one announced in February between Ocwen and Nationstar, furthers our announced corporate strategy and demonstrates the strong working relationship we have developed with Nationstar,” said Ron Faris, CEO of Ocwen.Ocwen’s ratings were recently upgraded by Moody’s Investor Service and president and CEO of Ocwen, Ron Faris commented on those ratings in a press release on Friday expressing his excitement with the results.”We are pleased to see that the strategy we have deployed is working and achieving its objectives,” Faris said. “Execution on sales of a portion of our Fannie Mae and Freddie Mac servicing portfolios has resulted in increased liquidity, reduced corporate leverage and a simplified operating structure. We are pleased that Moody’s has upgraded our Corporate Family Rating, Senior Secured Bank Credit Facility rating, and Senior Unsecured Debt rating. We are also pleased to see that Moody’s has changed its outlook for all of these ratings to stable.”Faris also addressed the CreditWatch announcement by Standard and Poor’s Ratings Services (S&P) in the press release on Ocwen’s servicer rankings.”We were surprised by the S&P announcement and specifically their reasons because we believe that we have made significant progress in resolving past regulatory concerns, strengthened our financial condition, and, over the past couple of years, continually invested in the quality and capacity of our risk, compliance, and internal audit functions,” Faris said. “As previously reported, we are not aware of any unresolved issues with state agencies that would have a material financial impact on the Company.”Ocwen further noted in the release that downgrades in its servicer ratings or rankings could affect the company’s terms of or its ability to sell or fund servicing advances in the future, the release says. Negative action ratings or rankings could also affect the terms and availability of debt financing facilities that it may seek in the future and could impair its ability to consummate future servicing transactions or adversely affect its dealings with lenders, other contractual counterparties, and regulators. This would include its ability to maintain its status as an approved servicer by Fannie Mae and Freddie Mac.In an effort to monitor the Ocwen’s loan servicing operations, the state of California’s Department of Business Oversight Commissioner Jan Lynn Owen announced today in a press release that out of 31 candidates, it has named Fidelity Information Services (FIS) as the independent, third-party auditor that will review the California mortgage servicing operations of Ocwen Loan Servicing, LLC. FIS will be responsible for assessing servicing practices and compliance with consumer protection laws.“The DBO has a duty to ensure its licensees fully comply with laws and regulations designed to protect California homeowners,” said Owen. “FIS will help us fulfill that duty with respect to Ocwen.”Click here to view Ocwen’s 8-K Filing with the SEC.Click here to view Moody’s Rating Action. Previous: FHFA To Host Sixth HARP Outreach Event in Phoenix June 12 Next: Lawmakers Request More Transparency From FHFA On Transfer of Credit Risk Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post June 10, 2015 1,203 Views in Daily Dose, Featured, News mortgage servicing rights MSR Sales Ocwen Financial 2015-06-10 Brian Honea The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Ocwen To Use Money From MSR Sales to Pay Part of Senior Secured Term Loan Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Tagged with: mortgage servicing rights MSR Sales Ocwen Financial Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Ocwen To Use Money From MSR Sales to Pay Part of Senior Secured Term Loan Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. About Author: Xhevrije West Subscribelast_img read more