IASC sets fair value standard

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Rebel Laxey attacks British Land attitude

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There’s a self-storage unit with your name on it

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This Mango Hill home exudes superb sophistication

first_img15 Capestone Boulevard, Mango HillHowever, he loved its unique features more, including the glass wall in one of the bedrooms that overlooks the pool.“I just think that it’s great, but I like the crafty stuff,” he said. 15 Capestone Boulevard, Mango Hill“Anyone that walks into it just falls in love with it – just like we did,” Mr Bruce said.He said his wife’s favourite part of the home was the kitchen with its stone island benchtop and butler’s pantry. 15 Capestone Boulevard, Mango HillMARK and Sharon Bruce couldn’t resist the sleek style and sophistication of this home.The couple bought the four-bedroom house at 15 Capestone Boulevard, Mango Hill, about five years ago when it was a display home.They were looking to invest in the area so when they came across this place, they snapped it up quickly.“The suburb at that stage was going to be developed,” he said. 15 Capestone Boulevard, Mango Hill“(The house) was only handed back to us in May last year.”The couple bought the modern home as an investment property, but have been tempted to move in themselves.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 201915 Capestone Boulevard, Mango Hill“We would live in it but it’s a little bit too far out (from work) for us,” he said.Mr Bruce said it would make the perfect family home because it was spacious.All four bedrooms have built-in wardrobes while there are multiple living areas for everyone to spread out.The covered outdoor entertaining area boasts a built-in barbecue and overlooks the swimming pool. 15 Capestone Boulevard, Mango HillHe said cafes and restaurants, schools, public transport and shops, including Westfield North Lakes, were within walking distance.“It’s a house in the perfect location, especially now because the train line is there,” he said.last_img read more

Rystad: OPEC should agree on oil output hike. Here’s why

first_img2. The market will lose a significant amount of supply from Iran and VenezuelaThe market will lose additional supply from Venezuela and Iran during the course of 2018. Although it is too early to know the full impact of US sanctions on Iranian production, Rystad Energy expects Iranian production to drop by ~700,000 bbl/d by December 2018, but the loss could be larger.“There are indications that Iranian oil exports have already begun dropping during the first half of June, mostly to Europe. We also expect Venezuelan production to decline a further 150,000 bbl/d towards year-end, with risks still skewed to the downside,” says Tonhaugen.In Rystad Energy’s view, the risk of production shortfall in fellow OPEC members Iran and Venezuela (possibly 850,000 bbl/d by year-end) and the ensuing risk of a price spike in the near term, causing “consumer anxiety”, is the most important reason underpinning the shift in Saudi Arabia’s policy stance since mid-May. Lastly, as an argument for raising the production targets, OPEC and the 10 participating non-OPEC producers can claim to have over-complied with the target cuts to date. When calculating compliance with the cut agreement “smartly” by excluding OPEC members Libya and Nigeria from the calculations, the 12 remaining OPEC countries and the 10 participating non-OPEC countries produced nearly 800,000 bbl/d below the cut targets in May 2018.“The over-compliance has largely been helped by declines in Venezuela and Mexico, although Saudi Arabia has also cut 80,000 bbl/d more than required to date (January 2017 through May 2018) while Kazakhstan has increased its production by 70,000 bbl/d on average as Kashagan has ramped-up,” Tonhaugen says.The 12 OPEC countries (OPEC-12) have on average cut production by 250,000 bbl/d more than the agreed cut target of 1.159 mmbbl/d to date (January 2017 through May 2018). The 10 non-OPEC countries have cut production by less than their pledge, by 410,000 bbl/d on average versus their target of 546,000 bbl/d. Kazakhstan has increased production by 70,000 bbl/d on average as Kashagan has ramped-up, while Mexican production has averaged 76,000 bbl/d below its target cut of 100,000 bbl/d to date (January 2017 through May 2018).Valid arguments to hike output 5. OPEC + Non-OPEC have over-complied with the target cuts to date The risk of unplanned supply disruptions is on the rise, exemplified by the resumption of outages in Nigeria in May 2018 (Forcados, Bonny Light) and last week in Libya where the Ras Lanuf and Es Sider ports were shut due to rebel attacks causing a production loss of 400,000 bbl/d.“With the oil market already in a 720,000 bbl/d deficit for 2Q before the Libya outage, the tightness already apparent in the market gives any outage greater significance and potential market sway,” Tonhaugen says. 3. US production growth is limited by takeaway constraints in the Permian 4. The risk for new unplanned supply disruptions (eg. Libya) would exacerbate the already tight global oil market situation The growth from US shale will be limited to 100,000-150,000 bbl/d per month at current oil prices and differentials, owing mostly to pipeline takeaway constraints in the Permian.“Our latest shale activity data suggests fracking activity will stay largely flat in the Permian from April towards year-end, but production will grow robustly,” says Artem Abramov, vice president of shale research at Rystad Energy.Therefore, in the current market where the combined effect of demand growth and supply shortfalls is in the magnitude of 2 mmbbl/d, OPEC is again the only effective swing producer. 1. Global oil demand will increase in 2H 2018 versus 1H 2018 As the OPEC meeting is underway in Vienna on Friday to discuss the path forward, the Norwegian energy intelligence group Rystad Energy has shared a list of five reasons in support of an output hike.Photo by Sergio Russo, Flickr. Shared under CC BY-SA 2.0 licenseTo remind, Khalid al Falih, Saudi Arabia’s Minister of Energy on Thursday called for an increase in production, following 18 months of restrictions agreed in December 2016. He said demand in the second half of the year would be more than the first half by two million barrels per day.“OPEC analysis indicates that if we took no action, the supply deficit in the second half of the year could rise to an unacceptably high figure of 1.7 million barrels per day, and OECD inventories would be further drawn down by another 300 million barrels. But the downside does not stop there. This evolving situation could have an exceedingly negative impact on oil demand growth,” Al Falih said, calling for the output to be lifted.Rystad: Output to grow with or without consensusAccording to Rystad Energy, during the ninth meeting of the Joint Ministerial Monitoring Committee last night, the OPEC Heads of Delegation reached a preliminary agreement to increase output from the group by a nominal 1 million barrels per day.“Our view is that there are fundamental signals within the market that show this decision is an essential move to avoid an overly tight market and potential price spike in the second half of this year,” says Bjørnar Tonhaugen, vice president of oil market research at Rystad Energy. “If no consensus is reached, Saudi Arabia and Russia will likely choose to raise output regardless, possibly in a coalition with other countries – which would also exacerbate tensions with Iran.”In a release on Friday, Rystad has shared five reasons it feels the OPEC should agree on an increase in production. See below: By Rystad Energy’s estimates, global oil products demand in the third quarter will increase by 1.1 mmbbl/d quarter-on-quarter, owing to the seasonally higher demand for transportation fuels during 3Q across the globe, increased power generation demand in the Middle East and strong NGLs demand growth in the US. Demand stays largely flat on 3Q during 4Q, supported by the ongoing global economic expansion. Rystad feels OPEC has valid fundamental arguments for raising production to avoid an overly tight oil market in the second half of 2018 leading to a potential price spike.“Last night (June 21), the Joint Ministerial Monitoring Committee reached a preliminary agreement to increase production by a nominal 1 million barrels per day, despite opposition from the Iranian delegation. The proposal would effectively raise production by 600,000 bbl/d as countries like Venezuela and Mexico are unable to increase output. Such an increase is warranted by our supply-demand balances, which incorporated a 500,000 bbl/d increase by Saudi Arabia and Russia,” Rystad said.last_img read more

MainSource offers ‘Teach Children to Save” program to local schools

first_imgGreensburg, Ind. — Greensburg-based MainSource Bank is participating in the American Bankers Association “Teach Children to Save” campaign.Volunteers from MainSource Bank have stops planned at schools in Brookville, Aurora, Vevay and Switzerland County to help young people develop good savings habits. The program is expected to impact more than 500 students this year.School administrators are encouraged to contact their local MainSource Bank branch to schedule a presentation for their students.For more information go online to mainsourcebank.com/.last_img

Pardew: Toon spell was fabulous

first_imgCrystal Palace manager Alan Pardew believes he has left a “legacy” to be proud of at Newcastle as he prepares to take on his former club for the first time. Press Association The Magpies, managed by Pardew’s former assistant John Carver, travel to Selhurst Park to meet Pardew’s in-form Palace as they look for just a second win since he left the north-east. Pardew’s four-year spell at St James’ Park was often fraught with difficulties and the fans turned on him on more than one occasion – including the period directly leading up to his departure. center_img But the 53-year-old, who opted to move back to Palace instead of fighting against the tide at Newcastle, insists he bears no grudge and is proud of the work he achieved during his tenure. “I had a fabulous time as Newcastle United manager,” Pardew wrote in his programme notes. “We took the team to a fifth place finish in the Premier League in the 2010/11 season and it is an achievement that can never be taken away from any of us who were involved in it. “If you look at my net spend we had in my time at Newcastle on transfers, you can only conclude it was a successful period because the club I left are established in the Premier League with a platform to go to the next level. It is a legacy that I am proud to have on my record. “Much was muttered and written during my time in the north east, and as this is the first chance I have had to talk directly to the Newcastle supporters and the players who worked so hard for me since my departure, it is a great opportunity to reflect on a period that was much-discussed and often unfairly judged in my opinion. “For a variety of reasons, the Newcastle supporters ran out of patience with me as manager of their club, but I can assure each and every one of them that I bear no grudge. “You love your club more than any owner or manager and the pressure that goes with a massive job like that is well known before you take on the challenge. Let’s all move on and cherish the good days we had together.” A win for Palace will take them to within two points of Newcastle and, whilst Pardew used his section of the pre-match programme to talk at length about his time there – having not held a customary pre-match press conference – he said three points for the Eagles was his ultimate aim. He said: “I miss so many people at Newcastle, especially my wonderful staff, who were so loyal and committed to me and the club throughout my time in the north east, which isn’t always easy when the tide of popular opinion has turned against you. “Despite all the negativity that was generated around my presence at Newcastle at times, I was proud and honoured to manage the club and while the three points I’m desperate to collect tonight as Palace manager are all important, nothing will ever dilute the affinity and affection I will always hold for the club who are in opposition tonight.” last_img read more

The Latest: Irish rugby players taking pay cut

first_imgThe club says it will play Tuesday against third-place Basel by selecting young players from its backup roster.Zurich also has to play title contender Young Boys and St. Gallen and says it wanted to avoid the league being annulled.The 10 teams are already playing in midweek and on weekends to finish the season on Aug. 2 and meet a UEFA deadline for European competition entries. It is unclear when Zurich can play a re-scheduled game against Sion.Zurich is in sixth place but in contention to earn a Europa League entry by finishing fourth.___ The team says five other Tier 1 individuals also missed the workout for the same reason. Tier 1, according to baseball’s 2020 operations manual, includes players and other on-field personnel.“Out of an abundance of caution, we think it makes sense for the six of us to wait for clarity,” Ross said in a release. “Situations like this have not been a worrisome indicator of a positive test result to date.”The Cubs say there should be “further clarity” later in the day.___The Atlantic Coast Conference has postponed its virtual Football Kickoff media event. The Irish Rugby Football Union and Rugby Players Ireland agreed on the pay cut to run from July 1 to Dec. 31. They also agreed that 5% of the deferral will be subject to a retrospective salary reduction depending on the impact of the pandemic.“The IRFU, the provinces and clubs remain in a highly precarious financial situation, making it critically important that an agreement was reached on this matter,” IRFU chief executive Philip Browne said.___Southeastern Conference athletic directors met in person Monday at league headquarters in Alabama to discuss the prospects for a football season with COVID-19 cases spiking throughout much of the South.SEC Commissioner Greg Sankey said in a statement afterward that it’s “clear that current circumstances related to COVID-19 must improve.” Those who recently tested positive remain isolated in their hotel rooms at the Walt Disney World Dolphin Resort, where they will remain until cleared by medical officials to return to Texas. FC Dallas previously revealed that all players and staff tested negative for the coronavirus before leaving Texas for the tournament on June 27. Two players tested positive upon arrival and subsequent tests found eight more infected with the virus that causes COVID-19.The team plans to resume training at home later this week.Nashville SC, which also withdrew from the tournament, said players who tested negative returned Monday. Team officials say those who tested positive remain in Orlando under supervision of medical and health authorities and will be returning later.___ Sandoval disclosed his positive test Monday from the Angels’ summer camp, calling the virus “unlike anything I’d ever felt before.” He says he tested positive on June 22.Sandoval thinks he caught it while golfing with a friend,because he had been careful about being out in public for several weeks beforehand. He said he endured three days of body aches, chills and fever before his symptoms lessened. He rejoined the Angels last week.Sandoval went 5-3 with a 3.66 ERA last season as a rookie with the Angels, making three starts. He is among several candidates for a spot in the back end of the Halos’ rotation.___Chicago Cubs manager David Ross is skipping the team’s Monday morning workout because he is awaiting his completed result from his Saturday coronavirus test. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Rugby players in Ireland earning more than 25,000 euros ($28,000) a year have agreed to reduce their salary by 10% and defer 10% more until 2021. That number announced Monday includes 30 who tested positive at team facilities and 13 the league is aware of who tested positive outside the league’s protocols for its Phase 2.The NHL opened Phase 3 Monday with the start of training camps for the 24-team playoffs, scheduled to open in two hub Canadian cities — Toronto and Edmonton, Alberta — on Aug. 1. Players had until Monday evening to elect to opt out of competition without penalty.All players who tested positive self-isolated. The NHL is not sharing names of the players who test positive or the teams involved.___Los Angeles Angels left-hander Patrick Sandoval is back with the team after contracting coronavirus last month. One person has tested positive in the latest round of checks for COVID-19 on players and club staff in the English Premier League.The league says a total of 2,071 people were tested last week.The person has not been identified. ___The Chicago Marathon has been canceled because of the coronavirus pandemic. The Big Ten and Pac-12 have said they would only play conference schedules this fall in football and other sports. Sankey said SEC leaders “believe that late July will provide the best clarity for making the important decisions ahead of us.”The group met in the large Kramer-Moore Conference room to allow for social distancing. Other groups and individuals participated by videoconference.Among topics discussed were possible scheduling options for holding athletic competition this fall, along with game management at events.___Kansas State had two student-athletes from unspecified sports still in quarantine as the football program resumed its summer access program Monday following a series of positive tests for the new coronavirus. If student-athletes have university housing and have tested positive, they are being isolated in a designated area on campus.N.C. A&T student-athletes who are living on campus live in groups of 8-10 people and also are conducting workouts in groups of that size.___Kentucky says three of 42 student-athletes initially screened from men’s basketball, volleyball and women’s soccer tested positive for past coronavirus infection through antibody testing. The school did not specify in a release which programs the positives came from. Those that tested positive were required to quarantine. The Latest: Irish rugby players taking pay cutcenter_img Associated Press The race was scheduled for Oct. 11. Organizers say registered participants are eligible for a refund or can defer their place and entry fee to the Chicago Marathon in 2021, 2022 or 2023.“Hope drives us as runners and as humans,” Carey Pinkowski, the executive race director of the Chicago Marathon, said in a release. “My hope was to see everyone on the start line on Sunday, October 11, but our highest priority has always been the safety of our participants and our volunteers.”Organizers say they are working on plans for a virtual experience “to recognize the dedication and commitment of everyone who would have taken part in the 43rd running” of the marathon.___The NHL says 43 players tested positive for the coronavirus from June 8 through the end of the league’s optional workouts. Men’s soccer players returned to campus last week and are undergoing initial screening before starting voluntary workouts.The release added that Kentucky has implemented proactive polymerase chain reaction (PCR) diagnostic testing in response to evolving circumstances. Changing workouts have made social distancing and personal protective equipment more difficult to implement, the release said, forcing the change to also align with the campus plan released last month. Forty-one student athletes and 21 staffers from those three programs participated in PCR testing. One student-athlete provided documentation of self-testing.All 108 football players currently working out and 58 staff members participated in PCR testing last week with zero positives.___ The National Junior College Athletic Association says it will not have a fall season and will instead attempt to play football and other sports in the spring. Men’s and women’s soccer and volleyball will also be moved to the spring. Winter sports, such as basketball, will be slated to start in January, with a majority of championship events moved from March to April.Major college football programs frequently recruit players from the top junior colleges, but without a fall season it will be more complicated for coaches at four-year colleges to evaluate those players.___North Carolina A&T says four student-athletes have tested positive for coronavirus since returning to campus on July 6. All four student-athletes are asymptomatic. More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports The league says the event to preview each teams’ prospects heading into fall training camp is delayed until further notice. The three-day event was originally scheduled to be held beginning July 21.The ACC says future decisions and announcements will take place “at the appropriate time.”___The Patriot League has joined the Ivy League in canceling fall sports, including football, because of the COVID-19 pandemic.The Division I conference says it has still not determined whether winter and spring sports competition will be held and that it will consider holding fall sports in the second semester. The Ivy League made a similar announcement last week. The Patriot League is the first conference in the Football Championship Subdivision that competes in the Football Bowl Subdivision’s playoffs to suspend its season. The Wildcats halted workouts on June 20 when 14 of 130 student-athletes tested positive. The football team’s return includes eight hours of weight training, conditioning and film work per week. The men’s and women’s basketball teams along with soccer and volleyball teams continue their voluntary summer workouts.___Some of the FC Dallas traveling party returned to Texas on Monday, a week after the team was withdrawn from the MLS is Back Tournament because 10 players tested positive for coronavirus. The team didn’t give any specific numbers but said the group that returned home included individuals who had tested positive for coronavirus after the team arrived in Florida last month. They have since tested negative in multiple follow-up tests. July 13, 2020 Army and Navy compete in the Patriot League in many sports, including basketball, but not in football. The Patriot League said Army and Navy are exempt from the fall sports cancellation, which also includes women’s soccer and volleyball.Athletes will be permitted to practice and train with coaches and in team facilities “provided health and safety conditions support such activities,” the conference said.___Swiss soccer club Zurich says it will field an under-21 team to try to save the season from being canceled because the first-team is isolating at home.Zurich’s game on Saturday was postponed because multiple players and staff tested positive for the coronavirus.last_img read more

West Genesee boys tennis knocks off F-M, 4-3

first_img Tags: Boys tennisMarcellusWest GeneseeWesthill When Dan Good and Ben Paoli paired up in doubles to for their own 6-1, 6-1 win over Evan Bybee and Derek Hodge, WG was one point away, and got it from a comeback in another doubles match.Ryan Joyce and Max Mekker lost the first set to F-M’s Ben Farber-McEntee and Andy Sun, but took over from there, winning the next two sets to prevail 2-6, 6-2, 6-2 and get the clinching point.Before this, WG faced Liverpool, and in single-set matches to 10 games, the Wildcats nearly got a sweep of its own, but settled for a 6-1 win over the Warriors. For decades, the West Genesee boys tennis team, like all other large-school sides in Central New York, tried in vain to catch Fayetteville-Manlius, but could not do so.All of that changed Wednesday afternoon, when the Wildcats, equally successful in singles and doubles, stunned the Hornets in a 4-3 classic.Usually in doubles, James Plunkett and Matt Mannara went to singles and won their respective matches, Plunkett defeating David Fernando 7-6, 6-0 and Mannara topping Davin Woolridge 6-1, 6-1.center_img Noah Ruston, in singles, worked past Aiden Barbour 10-4, with Paoli getting a 10-4 win over Austin Huntress-Kennedy that made up for Joyce’s 10-8 defeat to Adam Ritter.Mannara and Plunkett led a doubles sweep, handling Aaron Alejo and Eli Barbour 10-0 as Mekker and Stefan Atanasov got their own 10-0 shutout over Caleb Arnold and Brayden Cabrey.Greg Fey and Ty Lisi paired up, handling Cole DenBleyker and Lance Loomis 10-3, while by that same margin it was David Puma and Michael White beating Matt Kane and Jonathan Kline.Early last week, wet, cold weather caused another round of postponements of area high school tennis matches, but not everything got pushed back.Westhill and Marcellus were able to have a head-to-head match last Monday indoors, with the Warriors maintaining its strong mark by defeating the Mustangs 4-1.D.J. Caloia got Westhill going with a single-set, 8-0 shutout of Tyler Guerrina. Mike Ferrara won a tough 8-6 battle over Andrew Kammer, while Marcellus got on the board when Chris Barbaro edged Kyle Hagrman 9-8.Moving to doubles, both matches were shutouts. Tom Chaddock and Noah Dematties paired up to beat Jackson Spanfelner and Tyler Szalach 8-0, with Jackson Bradley and Ryan Rolince beating Andrew Grashof and Nick Hahn by those same scores.In a similar format on Tuesday, Westhill blanked Chittenango 5-0, where it got 8-0 shutouts by Caloia over Brian Schermerhorn and by Hagrman over David Seale as Bradley, also taking a turn in singles, beat Nate Smith 8-2.Chaddock and Ferrara paired up, taking out Evan Edwards and Anthony Roberts in another 8-2 decision, while Dematties and Rolince topped Devon Hardy and Evan Smith by that same score.Then Westhill had a showdown with Christian Brothers Academy last Wednesday, claiming both doubles points, yet still losing 3-2 to the Brothers.Caloia and Chaddock paired to top Hunter Burton and Max Lewis 10-2, while Dematties and Hagrman handled Michael Hill and Matt Potenze 10-6. But CBA won all three singles matches, the closest of them Rolince’s 10-5 defeat to Dhruv Nanavati.But Westhill did prevail 4-1 over Cazenovia in another set of single-set matches, these ones going to eight games. Mike Ferrara claimed an 8-6 decision over Aiden Kalteski as Caloia beat Traian Cherciu 8-4 and Dan Ferrara routed C.J. Monroe 8-1.Share this:FacebookTwitterLinkedInRedditComment on this Story last_img read more

Tipp lose out to Clare in hurling league opener

first_img6,277 fans watched on as Tipperary’s senior hurlers went down at the hands of Clare this afternoon in a physical competitive encounter.A good start to the game from Tipp slipped quickly, and half time saw Clare lead 13 points to 10 – both teams with 7 wides each at that stage.Tipp brought the gap back to 1 point in the closing stages of the second half but a point, followed by a goal in the final play of the game from Clare’s David Reidy ended Tipp’s hopes of a win, and it finished up Clare 1-21 Tipperary 0-19. On a positive – Cathal Barrett and Ronan Maher in their new midfield partnership, as well as stallwarths Noel McGrath and Jason Forde faired well for the Premier this afternoonSpeaking to Tipp FM Tipp manager Michael Ryan says Clare finished the game well…Meanwhile, Clare joint manager Donal Moloney said Tipp pushed them all the way, but their preparations stood to them…last_img read more