TSX erases 2012 gains

The S&P/TSX composite index fell 83.21 points to 11,935.29, in a fifth-straight day of losses. It was the market’s first close below 12,000 since Dec. 30 and leaves the TSX about 20 points below where it started the year. The TSX Venture Exchange was off 17.54 points to 1,431.1. The Canadian dollar lost 0.76 of a cent to 99.59 cents US — its first close below parity since March 6 — as demand concerns pushed oil and metal prices lower. U.S. markets also added to a string of losses with the Dow Jones industrials tumbling 213.66 points to 12,715.93. The Nasdaq composite index declined 55.86 points to 2,991.22, while the S&P 500 index lost 23.61 points to 1,358.59. Slower growth in China was in focus Tuesday after the world’s second-biggest economy returned to a trade surplus in March but growth in exports and imports was comparatively weak. China’s exports rose 8.9% over a year earlier to US$165.6 billion, while imports grew 5.3% to $160.3 billion, well below China’s growth levels in recent years. Double-digit economic growth in China has been key to lifting the global economy from the sharp economic slowdown that followed the 2008 financial crisis. And strong demand for commodities has lifted prices for oil and metals and energy and mining stocks on the resource-heavy TSX. But Chinese demand has weakened following government controls imposed to cool inflation and steer growth to a more sustainable level. The latest reading on Chinese economic growth comes out on Friday. China’s flagging demand is a negative sign for Canadian, Australian, Brazilian and Asian economies that count on Chinese customers to buy oil, copper, iron ore and industrial components. The TSX had rallied sharply from the lows of October to early March, up about 13.6%. But economic worries have driven the TSX lower for the past five weeks, although the main index is still up about 6.8% from October. However, that showing will likely be further eroded. “If we don’t see maybe China restimulating (its economy) one way or another, I think we could see this pain last a little longer,” said Sid Mokhtari, market technician at CIBC World Markets. “We think anything around a nine to 10% correction is fairly normalized. I think Canada and Australia, commodity countries, are generally on the weaker side obviously because of the emerging markets, the Chinese market.” The European debt crisis also caused fresh headaches as Spain’s bond yields on international markets rose despite expectations of a new round of austerity measures. The yield on 10-year Spanish bonds in the secondary market rose to 5.93% from 5.74% late last week. The difference between Spain’s yield and that of the benchmark German bund was 4.11 percentage points, the highest since the new government took power in December. That level has not been seen since before the European Central Bank injected about C1 trillion into the region’s financial system through its three-year, long-term refinancing operations, or LTRO. “It reminds us that we are not at all out of the woods — the headwinds out of that whole area will remind us not to get too cute about our observations or bullish when it comes to economic growth,” Mokhtari said. The energy sector led decliners, down 1.76% as oil prices fell as weaker economic growth raised the prospect that crude demand will remain tepid. The May crude contract on the New York Mercantile Exchange lost $1.44 to US$101.02 a barrel. Imperial Oil (TSX:IMO) fell $1 to C$42.63 and Suncor Energy (TSX:SU) shed 63 cents to $29.68. Worries about Spain’s finances helped sent the financial sector down almost one per cent. Royal Bank (TSX:RY) lost 60 cents to $55.95 and Manulife Financial (TSX:MFC) declined 37 cents to $12.36. The industrials sector gave back 1.54% as Canadian National Railways (TSX:CNR) lost $1.66 to $76.05. Canadian Pacific Railway Ltd. (TSX:CP) shares lost $1.40 to $73.26 even as it forecast that it expects to report 80 to 83 cents per share of earnings for first quarter of 2012 — about four times more than a year ago and above current analyst estimates. Mining stocks led advancers with the gold sector up about two per cent as the June bullion contract gained $16.80 to US$1,660.70 an ounce. Barrick Gold Corp. (TSX:ABX) gained 91 cents to C$41.71 and Goldcorp Inc. (TSX:G) was ahead 72 cents to $41.65. The base metals sector rose 2.6% even as copper prices were down seven cents at a three-month low of US$3.65 a pound after falling almost seven per cent over the past week. The metal is widely viewed as an economic barometer as copper is used in so many industries. First Quantum Minerals (TSX:FM) improved by $1.71 to C$21.11 while Teck Resources (TSX:TCK.B) climbed 35 cents to $34.80. Meanwhile, Alcoa Inc. kicked off the first-quarter corporate earnings season after the close. The aluminum manufacturer surprised the market, posting a profit of 10 cents a share versus an estimated loss of four cents. In the year-earlier quarter, Alcoa reported a profit of US$308 million, or 27 cents per share. Alcoa also beat on revenue, which came in at US$6 billion versus estimates of $5.77 billion. Alcoa stock ran ahead about five per cent in after-markets trading on the NYSE. Despite the stronger than expected earnings report from Alcoa, expectations are muted for this earnings season with U.S. earnings projected to grow 6.1% this year from a year ago. But profits have soared in the previous three years and were up over 16% in 2011. TSX gets lift from financials, U.S. markets rise to highest since March Share this article and your comments with peers on social media Related news Toronto stock market dips on weakness in the energy and financials sectors Malcolm Morrison Facebook LinkedIn Twitter The Toronto stock market closed sharply lower Tuesday, wiping out the last of the TSX’s gains for the year as Chinese trade data added to worries that economic momentum is faltering. A new round of worry about the European debt crisis also drove the market lower as Spain was forced to pay bigger returns to attract investors to its bonds, a sign that people are becoming more wary about the Spanish government. S&P/TSX composite hits highest close since March on strength of financials sector Keywords Marketwatch read more

Special Council meeting to discuss Division 10 vacancy

first_imgSpecial Council meeting to discuss Division 10 vacancy Townsville City Council will hold a special Council meeting tomorrow (Tuesday 8 December) to discuss filling the Division 10 councillor vacancy.The meeting will be held from 3-4pm and will be livestreamed on Council’s website as per COVID-safe guidelines.Mayor Jenny Hill said it was the next step in complying with the amendments to the Local Government Act 2009.“Queensland Parliament last week passed amendments to the Local Government Act 2009,” Cr Hill said.“Council will hold this meeting to decide its approach to filling the Division 10 vacancy in line with the legislated requirements for filling the role.”The Division 10 position was made vacant when former councillor Les Walker was elected state member for Mundingburra. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:council, elected, Government, Local Government, parliament, QLD, Queensland, Townsville, Townsville City Council, websitelast_img read more

UNESCO/ Poland Co-Sponsored Fellowships Programme – “Engineering”

first_imgDeadline: 30 April 2019Open to: applicants who have exceptional merit, and who have demonstrated that they possess outstanding potential to contribute to the social, cultural and/or economic development of their countryBenefits: the beneficiaries of these fellowships will be given the opportunity to undertake an individual research programme in the field of Science, Technology and EngineeringDescriptionWith a view to promoting human resource capacities in the developing countries and to enhancing international understanding and friendship among nations and the people of Poland, the Polish National Commission for UNESCO and the UNESCO Chair for Science, Technology and Engineering Education at the AGH University of Science and Technology in Krakow have placed at the disposal of certain Member States twenty (20) fellowships of six (6) months duration each, in Poland, starting on 1 October 2019.EligibilityThe required qualifications for each field of research (project) are as per the attached annexes to this letter of an announcement.BenefitsThe beneficiaries of these fellowships will be given the opportunity to undertake an individual research programme in the field of Science, Technology and Engineering;Free tuition and access to the university facilities based on the local regulations;Monthly allowance of around EUR 370.83 corresponding to the salary of a local junior research fellow. Thus, all living expenses and accommodation in Poland are to be borne by the fellow with this allowance; and;A one-time special allowance of around 370.83 to be paid upon arrival in Poland, this sum will cover different activities related to your stay in Krakow, such as an obligatory medical check-up upon arrival (in accordance with the internal regulations for all students); cultural, historical and/or touristic visits, conferences, workshops, and seminars related to your studies.International travel expenses: (by the most direct, economical route) from the beneficiary’s country to and from Poland.Health insurance for fellowship beneficiaries who are declared medically fit:How to apply?  In order to apply, please click here.For more information, please visit the official web page. Tweet ← The Norman Borlaug Award for Field Research and Application Reddit Pocket LinkedIn 0 +1 African Liberty Writing Fellowship 2021 for Young Writers March 29, 2019 Published by sanja Google PhD Fellowship Program for graduate students ATLAS CORPS PROGRAMS Share 0 UNESCO/ Poland Co-Sponsored Fellowships Programme – “Engineering” Similar Stories Indigenous Biocultural Exchange Fund →last_img read more

Darryl’s on track, 50 years on

first_imgOVER the last 50 years, Cardinia Shire Council has changed name, location and overseen a huge population boom. One constant…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

Galway GAA Fixtures

first_imgCo. Junior B Football FinalAt Loughgeorge, An Spidéal V Meelick-Eyrecourt, 8pm, Ref: M FlahertySaturday 31 OctSenior Football Relegation FinalAt Tuam Stadium, Kilconly V Kilkerrin-Clonberne, 3pm, Ref: F KinneenDivision 1 LeagueAt The Priarie, Salthill-Knocknacarra V Annaghdown, 3pm, Ref: T FahertyDivision 3 LeagueAt Dunmore, Dunmore MacHales V An Spidéal, 6pm, Ref: G GuinanJunior A Football Championship North FinalAt Tuam Stadium, Glinsk V Mountbellew/Moylough, 1:15pm, Ref: G GuinanSunday 01 NovDivision 2 LeagueAt Menlough, Menlough V Killererin, 2pm, Ref: G O ConamhaAt Indreabhán, Mícheál Breathnach V Oughterard, 2pm, Ref: P Mac DonnchaJunior C Football Championship North FinalAt Tuam Stadium, Williamstown V Caherlistrane, 2pm, Ref: M GavinDivision 8B (North) LeagueAt Milltown, Milltown V Mountbellew/Moylough, 12 i.n., Ref: A O ConnellHurling FixturesSaturday 31 OctSenior Hurling QualifiersAt Duggan Park, Beagh V Killimordaly, 3pm , Ref: Sm MoranAt Duggan Park, Kiltormer V Castlegar, 1:30pm, Ref: P MurphyIntermediate Hurling ChampionshipAt Kenny Park, Abbeyknockmoy V Moycullen, 2pm, Ref: M DolanJunior A Hurling ChampionshipAt Ballinderreen, Mícheál Breathnach V Tommy Larkins, 2pm, Ref: P SheehanJunior A ShieldAt Ballyloughane, Liam Mellows V Kilnadeema-Leitrim, 3pm, Ref: P FahySunday 01 NovSenior Hurling QualifiersAt Killimor, Mullagh V Kilnadeema-Leitrim, 12i.n, Ref: D KellyAt Clarinbridge, Turloughmore V Athenry, 2pm, Ref: S HynesJunior A Hurling ChampionshipAt Carnmore, Castlegar V Sylane, 2pm, Ref: P McGrathJunior A ShieldAt The Priarie, Salthill-Knocknacarra V Carnmore, 12i.n. Ref: F BerminghamJunior B Hurling Championship Semi FinalAt Duggan Park , Cappataggle V Tynagh/Abbey-Duniry, 12i.n., Ref: M HavertyJunior B ShieldAt Kilconieron, Kilconieron V Meelick-Eyrecourt, 12i.n. Ref: J Larkinprint WhatsApp Facebook Twitter Email Friday 30 Oct Football Fixtureslast_img read more

Basketball Ireland Preview: March 25th

first_imgBasketball Ireland Champions Trophy Final, LYIT, 16.00 THE chime of the clocks changing this weekend signals the business end of the Irish basketball season, as the quarter-finals and semi-finals of the Men’s and Women’s national leagues officially get underway. Basketball Ireland Women’s Division One Play Off Final:ITC Basketball/Ulster Rockets vs UL Huskies/Marble City Hawks, LYIT, 14.00 Basketball Ireland Women’s Super League Play Off Final:Ambassador UCC Glanmire/Pyrobel Killester vs DCU Mercy/Courtyard Liffey Celtics, LYIT, 20.00 Basketball Ireland National League Finals Schedule April 1st and 2ndPlease note, the venue for all of the senior games listed below is LYIT, Letterkenny.If you wish to attend these games, please apply for media accreditation to [email protected] no later than 12pm on Thursday, March 30th.Please note, that the Under 18 Men’s and Women’s Shield finals will also take place next weekend at Oblate Hall, Inchicore (fixtures below). Saturday, April 1stBasketball Ireland Men’s League Cup semi-finals:Ulster University Elks/UCD Marian vs BFG Neptune, LYIT, 12.00Maree/Garvey’s Tralee Warriors vs Keane’s SuperValu Killorglin, LYIT, 14.00 Basketball Ireland Fixtures – March 25thSaturday, March 25thBasketball Ireland Champions Trophy and League Cup quarter-finals:Ulster University Elks v UCD Marian, Methodist College, 15.00Maree v Garvey’s Tralee Warriors, Calasanctius College, 19.00 Basketball Ireland Women’s Division One Play-Off semi-finals:ITC Basketball v Ulster Rockets, WIT Arena, Cariganore; 13.30UL Huskies v Marble City Hawks, WIT Arena, Cariganore; 15.30 Basketball Ireland Women’s Super League Play-Off semi-finals:Ambassador UCC Glanmire v Pyrobel Killester, WIT Arena, Cariganore; 17.30Courtyard Liffey Celtics v DCU Mercy, WIT Arena, Cariganore; 19.30 Sunday, April 2ndBasketball Ireland League Cup final, LYIT, 12.00 Basketball Ireland Under 18 Shield Finals April 2ndBasketball Ireland Under 18 Women’s Shield final:Oblate Dynamos v UL Huskies, Oblate Hall, 13.00 For Ambassador UCC Glanmire, this weekend marks a significant step in their season as they bid to not only move one step closer to a memorable three titles this year (having already scooped the Cup title and the Regular Season title), but they also hope to defend their play-off crown, one they have held for the past three years.“The pressure is all on the other teams to try and knock us off our perch,” said Head Coach, Mark Scannell. “We worked hard all year to try and win the Regular Season and get the number one seed and we did that, so now all our focus is on this weekend.“We got a good win against Killester in Dublin a few weeks ago, but we know games like this are different so we will approach the game like we always do, with big respect for the opposition. The bottom line is that we have a good team – a very good team – who are hungry for success and work very hard to achieve it. It comes down to one match though, and if we lose, our season is over and we don’t want that.”Killester Head Coach, Karl Kilbride, meanwhile is also hoping that his side will be able to stretch out their season for another week, and avenge their recent loss to Glanmire.“We’re excited for the play-offs, it’s where we want to be. Obviously, the last time we didn’t get the performance we wanted against Glanmire and we’re ready to go out and make amends for that. They are regular season winners for a reason and are very successful, very consistent over the last five or six years, so we know what we have to do. We’re looking forward to having some good trainings and going out and hopefully getting a win on Saturday.”The second Super League semi-final on Saturday meanwhile pits Courtyard Liffey Celtics against DCU Mercy in what is set to be another close and competitive affair.“We’ve had three close games against them this year,” said DCU Head Coach, Mark Ingle. “But it doesn’t matter now what went on during the year, it’s about this game. The season is almost over, so we’ve nothing to lose. Our younger girls have been stepping up for us the last few weeks and have been getting some good minutes and coming in and doing the job. They are a strong side with two very good Americans too so we’ll have to be at our best to win the game.”Courtyard Liffey Celtics Head Coach, Mark Byrne, was also looking forward to it: “It’s great to be in the play-offs – this is where we want to be as a team. We’ve had three great games against DCU, they’re a good strong team, and we’ve big respect for them. We’ve nothing to lose now – we’ve already had a great season, so this weekend is bonus territory.”The Women’s Division One semi-finals meanwhile will also tip off in Waterford this weekend, with ITC Basketball taking on Ulster Rockets in the first game on Saturday, while UL Huskies and Marble City Hawks do battle for a spot in the final in the second game. The finals of both the Women’s Super League and Women’s Division One will be held in LYIT, Letterkenny on April 1st and 2nd.Meanwhile it’s a busy weekend of action in the Men’s league as well, with the quarter-finals taking place in Galway and Belfast this coming weekend. This Saturday’s games sees a crossover between the leagues as Super League teams Garvey’s Tralee Warriors and UCD Marian will do battle against Men’s Division One sides, Maree and Ulster University Elks.First up, Men’s Division One Regular Season runners-up, Ulster University Elks, will welcome UCD Marian to the Methodist College in Belfast. Elks had a rollercoaster of a ride in the Men’s Division One top four classification games last weekend, overcoming BFG Neptune on Saturday before falling at the final hurdle against Maree. They will be hoping they can do enough this weekend to topple UCD Marian, who finished fourth in the Men’s Super League.The second game of the day will see all eyes turn to Oranmore, Co. Galway where Men’s Division One Regular Season champions Maree will welcome Garvey’s Tralee Warriors. Maree had the better of both Keane’s SuperValu Killorglin and Ulster Elks last weekend to be crowned champions and will be hoping that they can continue this impressive form in the face of third-placed Super League side, Tralee.The winner of the Maree/Tralee game will go on to face Griffith Swords Thunder in the Champions Trophy semi-final the following weekend, with the runner-up facing off to Keane’s SuperValu Killorglin in the League Cup semi-final. The winner of the Ulster University Elks/UCD Marian game will face Super League Regular Season champions, Templeogue in the other Champions Trophy semi-final, with the runner-up going head-to-head with BFG Neptune in the League Cup semi-final.The semi-finals and finals will be held in Letterkenny on the weekend of April 1st and 2nd. In the Women’s league, all roads lead to Waterford this weekend for the clash of the top four in each division, as Ambassador UCC Glanmire face off to Pyrobel Killester in the first of the Women’s Super League play-off semi-finals, with Courtyard Liffey Celtics and DCU Mercy going head-to-head in the second semi-final in a much-anticipated repeat of this year’s Hula Hoops National Cup semi-final. Basketball Ireland Men’s Champions Trophy semi-finals:Templeogue vs Ulster University Elks/UCD Marian, LYIT, 16.00Griffith Swords Thunder vs Maree/Garvey’s Tralee Warriors, LYIT, 18.00 Basketball Ireland Under 18 Men’s Shield final:Maree BC v Moycullen, Oblate Hall, 15.00print WhatsApp Facebook Twitter Emaillast_img read more

Terrio, Lancaster Earn Weekly Softball Honors

first_imgSouthland Softball Weekly Release (PDF) Pitcher of the Week – Shelby Lancaster, Sam Houston State Lancaster picked up her first award of the season after going 2-0 in the circle last week against Lamar. On Tuesday, the senior from Tomball, Texas (Tomball H.S.), shutout No. 12 ranked Baylor for 7.2 innings before being relieved in Sam Houston’s 10-inning 4-3 upset win. Lancaster threw a complete shutout Saturday against the Lady Cardinals to help the Bearkats to a 1-0 victory.  The right-hander finished the week with seven strikeouts in 14.1 innings with an impressive 0.36 ERA.    Honorable Mention: Kelley Kincannon, Northwestern State; Alyssa Burnett, Houston Baptist; Briana Whisenhunt, Central Arkansas; Tiffany Castillo, Sam Houston State; Alanna DiVittorio, McNeese State. FRISCO, Texas – Nicholls’ outfielder Taylor Terrio was named Southland Conference Softball Hitter of the Week while Sam Houston State’s Shelby Lancaster was named the Southland Pitcher of the Week, the league office announced Monday. Hitter of the Week – Taylor Terrio, Nicholls Terrio, a freshman from Paulina, La. (Riverside H.S.), earned the first award of the season for Nicholls after leading the Colonels to a 3-1 record last week that with victories against Southern and UIW. She hit .647 (11-for-17) at the plate with three doubles, a home run and four RBI. Terrio had three multi-hit games and finished the week with a .684 on-base percentage and a 1.000 slugging percentage. Honorable Mention: Hannah Null, Abilene Christian; Kylee Studioso, Central Arkansas; Rachel Smith, McNeese State.   Each school’s sports information director nominates and votes for the players of the week, though is not permitted to vote for his or her own player. To receive honorable mention, a student-athlete must receive votes from 25 percent of the Southland sports information directors.last_img read more

Houston Employers: Wage & Hour Guidance and Hurricane Harvey

first_imgTHIS BLOG SHOULD NOT BE CONSTRUED AS LEGAL ADVICE, AS PERTAINING TO SPECIFIC FACTUAL SITUATIONS OR AS ESTABLISHING AN ATTORNEY-CLIENT RELATIONSHIP For Texas employers, particularly in and around Houston, the priority is helping employees and remaining as operational as possible.  Just a reminder of the wage and hour rules that apply to remaining as operational as possible:As a result of the FLSA’s salary basis requirement, if as a result of the hurricane, you close for less than a full work week, you must pay an exempt employee for days that you are closed.  However, you generally can require that an exempt employee use PTO during a day in which you close.  If you remain open and an exempt employee does not come to work, you do not have to pay the employee for the day; this can be treated as an absence for personal reasons, provided it is a full day.  If an exempt employee arrives late or leaves early, he or she must be paid for the full day, but you generally can require that he or she use PTO, if available, to cover the non-working time.  You also must pay him or her if he or she does any work from home.   There is no legal obligation under the FLSA to pay non-exempt employees who do not work because you close due to the hurricane; however, there is an exception for non-exempt employees who are paid under the fluctuating work week.  Under the FLSA, they must be paid if you close due to the hurricane for less than full work week and they do any work in the work week, whether it be few or many. http://www.twc.state.tx.us/news/efte/h_regular_rate_salaried_nx.html Even if there is no duty to pay non-exempt employees, consider the employee relations message of paying exempt but not paying non-exempt employees for a day on which you are closed.  Also, if non-exempt employee works at home, you must pay for all time worked.  Systems must be put in place to state who can work remotely and how they must record their time so that they are properly paid.  Remember, break rules apply to working at home too. Keep in mind also that there may be payment obligations under collective bargaining agreements and/or your policies. Thankfully we all know that no employee should be told to put themselves at risk to come to work.  Just in case there is a manager who does not know this, you should make sure they do.  Thoughts and prayers to our colleagues and their workers in Houston and its surrounding areas. last_img read more

PLM: Growth Exceeds Forecasts

first_imgGlobal Product Lifecycle Management (PLM) market grew 13.5 percent in 2007, higher than analyst predictions to reach a size of $24.3 billion.  That’s the conclusion of consulting and research company CIMData.The better than expected growth came from a strong acceptance by companies of PLM in the enterprise.  The report predicts continued growth of the market over the coming years with an average compound growth rate of 9.8 percent in the coming years, ultimately reaching a market size of $40 billion by 2012.PLM has grown beyond the realm of engineering applications like product engineering and manufacturing.  PLM is now being applied to disciplines like early-stage product strategy development and product maintenance and support.  Usages of PLM are being fully fleshed out across all phases of the complate product lifecycle.CIMdata president Ed Miller said “Considering the far-reaching business impact of PLM, the approach has become a critical enterprise investment.  PLM is now widely regarded as a ‘do-or-die’ competitive necessity in a turbulent global economy where companies leveraging these solutions will likely be among the top performers in the coming years.”last_img read more