Archive for the ‘bond’ tag

Kuwait’s Burgan set for bond issue roadshow

Kuwait’s Burgan Bank is planning a roadshow for a dollar-denominated bond issue soon, Reuters has reported. In June, Burgan’s chairman Majed Eisa al-Ajeel said the lender would issue bonds worth up to KD140m ($486.1m), and may sell some of the issue to foreign investors, with the priority remaining with the local market. JP Morgan, Morgan Stanley and Standard Chartered are arranging the roadshow.

Retired teachers accuse cops of filing false charges

The discriminated teachers’ forum members alleged that Porvorim police have filed false charges against 226 prematurely retired teachers, due to which the sub divisional magistrate issued show cause notice on them as to why they shouldn’t be asked to enter into a security bond to maintain peace and order.

Filmmaker Vijay Kumar denied bond, ordered voluntary departure within 90 days

Indian filmmaker Vijay Kumar will remain behind bars without bail on federal immigration charges until allegations that he was illegally carrying brass knuckles in his checked airport baggage are resolved, a judge has ruled.

CANADA FX DEBT-C$, bond prices hold lower ahead of U.S. jobs

Human Resources Manager at Al-Ghad Newspaper

Purpose:

Plan, direct, and coordinate human resource management activities of an organization to maximize the strategic use of human resources and maintain functions such as employee compensation, recruitment, personnel policies, and regulatory compliance.

Job Task

•Oversee the evaluation, classification and rating of occupations and job positions.

•Perform difficult staffing duties, including dealing with understaffing, refereeing disputes, firing employees, and administering disciplinary procedure.

•Plan and conduct new employee orientation to foster positive attitude toward organizational objectives.

•Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.

•Plan, organize, direct, control or coordinate the personnel, training, or labor relations activities of an organization.

• Prepare and follow budgets for personnel operations.

•Prepare personnel forecast to project employment needs.

•Provide current and prospective employees with information about policies, job duties, working conditions, wages, and opportunities for promotion and employee benefits.

• Provide terminated employees with outplacement or relocation assistance.

•Administer compensation, benefits and performance management systems, and safety and recreation programs.

• Advise managers on organizational policy matters such as equal employment opportunity and sexual harassment, and recommend needed changes.

• Allocate human resources, ensuring appropriate matches between personnel.

• Analyze statistical data and reports to identify and determine causes of personnel problems and develop recommendations for improvement of organization’s personnel policies and practices.

• Analyze training needs to design employee development, language training and health and safety programs.

• Conduct exit interviews to identify reasons for employee termination.

• Develop, administer and evaluate applicant tests.

• Identify staff vacancies and recruit, interview and select applicants.

• Maintain records and compile statistical reports concerning personnel-related data such as hires, transfers, performance appraisals, and absenteeism rates.

•Negotiate bargaining agreements and help interpret labor contracts.

• Serve as a link between management and employees by handling questions, interpreting and administering contracts and helping resolve work-related problems.

• Analyze and modify compensation and benefits policies to establish competitive programs and ensure compliance with legal requirements.

• Develop and/or administer special projects in areas such as pay equity, savings bond programs, day-care, and employee awards.

• Represent organization at personnel-related hearings and investigations.

• Study legislation, arbitration decisions, and collective bargaining contracts to assess industry trends.

• Contract with vendors to provide employee services, such as food service, transportation, or relocation service.

• Investigate and report on industrial accidents for insurance carriers.

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Detained Indian filmmaker denied bond; asked to leave US in 90 days

Indian filmmaker Vijay Kumar will remain behind bars without bail on federal immigration charges until allegations that he was illegally carrying brass knuckles in his checked airport baggage are resolved, a judge has ruled.

Kumar denied bond, ordered voluntary departure within 90 days

Indian filmmaker Vijay Kumar will remain behind bars without bail on federal immigration charges until allegations that he was illegally carrying brass knuckles in his checked airport baggage are resolved, a judge has ruled. The immigration hearing was held on schedule but the judge denied a bond, and ordered voluntary departure under safeguard till he leaves USA.

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FOREX-Dollar edges lower as market awaits US jobs data

[at Reuters] – * Spanish, French bond auctions support euro * ECB leaves interest rates on hold as expected * Markets await monthly U.S. payrolls report

FOREX-Euro rises vs dollar, U.S. jobs report awaited

[at Reuters] – * Euro up 0.2 percent vs dollar; bond auctions support * ECB leaves interest rates on hold as expected * Markets await monthly U.S. payrolls report

CANADA FX DEBT-C$ tips higher, bond fall as risk sentiment up

FOREX-Euro edges up; market cautious before Trichet

[at Reuters] – * Euro up 0.1 pct vs dollar ; bond auctions support * ECB leaves rates on hold as expected; Trichet awaited * ECB seen extending offer of unlimited funds

Currencies: Spain bond auction lifts euro ahead of ECB

[at MarketWatch] – The euro edged down against the dollar in Asian trading Thursday ahead of the European Central Bank meeting later in the session.

FOREX-Euro supported by bond auctions; ECB eyed

[at Reuters] – * Euro recovers from lows, up 0.1 pct at $1.2826 * ECB seen extending offer of unlimited funds * Sweden s Riksbank raises rates as expected

N.Korea seeks stronger military ties with China

BEIJING – North Korea vowed to strengthen military ties with China on Wednesday, days after the North’s leader Kim Jong-il finished a visit aimed at bolstering the bond with his isolated country’s sole major supporter.

MONEY MARKETS-Japanese basis swaps widen on samurai bond glut

[at Reuters] – * Japan yen/dollar basis swaps move out on samurai pipeline * New issues of 200-300 bln yen expected next week * Australian interest rate swaps jump after strong GDP

Local firms to dominate region’s bond issuance

Investors to exploit tightening credit spreads

Congress has more to walk via the by-election route

The much-publicized Bangalore-Bellary padayatra is over. The response from the people en route was rousing. Congressmen are in high spirits. They also got a shabhashi from the high command. But one question has been bothering them. Will the fruits of this hard labour turn into votes? And the day to test the waters has come sooner than expected. Two assembly by-elections are due in September. One in Gulbarga South and another in Kadur. One was held by the BJP and another by the Congress till the demise of the two MLAs.

An acid test, indeed. The Congress will have to win both seats with a comfortable margin to not only herald its comeback but also arrest the BJP in its tracks. In Gulbarga South, it has fielded young Ajay Singh, son of former CM and strongman Dharam Singh. He is a doctor by profession but no novice to politics. He has been ably nurturing his father’s assembly constituency Jewargi for some time. His victory is important for the Congress. One, it will provide a shock to the BJP, which held the seat. Two, it will help pump in the much-needed young blood into the Congress leadership. Will Ajay’s success prove to be a turning point? If he wins, he has a bright future. Particularly when young Rahul Gandhi is emerging as a strong power centre in the national party.

Ajay has a tough job on hand. The JD(S) has stepped in by fielding Aruna Patil, wife of the BJP MLA whose death necessitated the by-election. She is upset with the BJP for not giving her a ticket. The BJP has fielded MLC Sashil Namoshi. Ajay would have wished the JD(S) had allowed him to fight the BJP single-handedly. It would make his task easier. But the JD(S) has its own game plan. Ajay will have to ensure that the JD(S) doesn’t cut into Congress vote banks. Plus, he will have to lure those who voted for the BJP last time. Not an easy task. Particularly because this is his first electoral battle. Will the padayatra’s success help him?

The Kadur seat is a little complicated for the Congress. It has fielded K M Kemparaju, brother of the deceased MLA, hoping to cash in on the sympathy factor. The JD(S) has fielded Y S V Datta, party spokesman and MLC. The BJP nominee is Y C Vishwanath, who had unsuccessfully contested the last assembly elections. The Congress will have to retain the seat to prove that it is on a winning spree. As in the case of Gulbarga South, the JD(S) will be a thorn in its flesh. Datta is no novice. Deve Gowda and sons depend upon him a lot. He is their backroom boy. Though he is a council member, they want him in the assembly to help voice the party’s views on issues. The BJP is certain to move heaven and earth to snatch the seat. And so, it’ll be no cakewalk for the Congress.

The Congress has been struggling to bounce back. It lacked unity. Every leader aspired to become the CM. Ego problems led to creation of groups. Aged leaders refused to encourage young and bright partymen. New entrants found themselves unwanted. Love-hate relationship with the JD(S) has added to its problems. The padayatra may or may not have helped it take on the BJP and the Reddy brothers. But it has definitely helped partymen bond well. If the party is keen on getting back on its tracks, it shouldn’t lose the momentum the padayatra created. The BJP is going strong, in spite of all odds. And the JD(S) is fishing in troubled waters.

PARTING SHOT

Sorry to see you so apologetic, Mr CM

These days chief minister Yeddyurappa has been cutting a sorry figure in public. When he is confronted with a problem he at once tenders an apology. Be it power shutdowns, a minister’s road rage or an attack on scribes by some officials. The number of apologies total 17, according to some who have kept track. Mr CM, this shows you in a bad light. Better crack down on erring ministers and officials, and ensure that problems are resolved. We need a CM who delivers, not one who keeps saying sorry.
 
****

Preview: Hello Darling

This contemporary comedy of three heroines and one villain is a story of three working girls who bond together in a posh office of Mumbai.

Turkey’s first Islamic bond offering oversubscribed

Financial institutions buy big as Kuveyt Turk pays coupon of 5.25%

Thailand’s central bank signals further hike in rates

Bank of Thailand increased the one-day bond repurchase rate by a quarter of a percentage point to 1.75 per cent

MONEY MARKETS-China repo rates rise before IPO, bond issue rush (at Reuters)

* China repo rates climb ahead of IPO, bond issue rush * South Korean basis rises as exporters target CCS * Dollar funding rates down to a 4-month low

Dubai in no rush for credit rating, bond sales

All options will be assessed at appropriate time, Department of Finance says in e-mailed response to questions

Love your sister? Tie her a rakhi

Although Raksha Bandhan traditionally signifies the bond between brothers and sisters, other trends are slowly catching up whereby sisters are tying rakhis to each other or to their sister-in-law.

Celebrating the special bond with ‘rakhi’ sisters

This Raksha Bandhan on Tuesday, Anuj Hatalkar is expecting a special rakhi, but not from his ‘real’ sister.

ADCB raises Malaysia bond issue to $239.5m

ABU DHABI – Abu Dhabi Commercial Bank, or ADCB, priced a 750 million Malaysian ringgit ($239.5 million) bond on Monday, higher than the initial 500 million ringgit plan, driven by increased investor demand, sources said.

An unusual bond

Filmmaker Vishal Bhardwaj and author Ruskin Bond make for an unlikely pair. But they think the world of each other

College tells dentist to quit after ad hoc posting expires

Even as complaints of unfilled teaching posts in public medical colleges in the city are becoming common, a lecturer in Government Dental College and Hospital was told to leave his post after his bond with the college expired.

Moody’s downgrades Bahrain’s sovereign ratings to A3

Bahrain: Moody’s Investors Service has today downgraded Bahrain’s local and foreign currency government bond ratings to A3 from A2. The outlook on these ratings is now stable. [AMEInfo.com]

Short sellers are cutting borrowing costs of US states

The headline-worthy spreads haven’t harmed these issuers in the bond market. They have reduced their cost of borrowing

German 30-year government bond yield in record fall

Ten-year bond yields also declined to a record as Europe’s benchmark government securities rose for a fourth-straight week.

McDonald s Raises Funds in Yuan Bond (at TheStreet.com)

McDonald s raises $29.4 million through a yuan-denominated bond in Hong Kong as the burger chain looks to expand in China.

Reprieve for two women who made four others dip fingers into hot oil

A Pune court on Tuesday released a woman and her mother-in-law on a one-year good behaviour bond for suspecting four women of stealing a mangalsutra and forcing them to pick Rs 2 coins from a pan containing hot oil in 2008.

FOREX-Euro drops in technical trading; Canadian dollar up (at Reuters)

* Dollar falls vs yen as intervention debated * Canadian dollar builds on Potash bid gains * Solid demand at German government bond auction

First three-year sukuk bond issued in Malaysia

Corporation delivers new Islamic service

FOREX-Euro fails to hold above $1.29; Canada dollar rises (at Reuters)

* Dollar falls vs yen as intervention debated * Canadian dollar builds on Potash bid gains * Solid demand at German government bond auction

FOREX-Euro surrenders gains from strong European debt sales (at Reuters)

* Euro surrenders gains after breaching $1.2900 * Dollar falls vs yen as intervention debated * Solid demand at German government bond auction

FOREX-Euro gains on solid European debt sales; yen also up (at Reuters)

* Dollar falls vs yen as intervention debated * Solid demand at German government bond auction helps euro * Sterling gains on less dovish BOE minutes

Butt’s duty to bond with Yousuf (CricInfo)

Salman Butt has shown an impressive maturity right from the moment that Shahid Afridi’s abdication thrust the captaincy upon him

FOREX-Euro supported after solid debt sales; yen dips (at Reuters)

* Solid demand at Irish, Spanish bond auctions helps euro * Gains in U.S., European shares support high-yielders vs yen

FOREX-Euro gains on solid debt sales; yen falls (at Reuters)

* Euro rises from seven-week lows vs yen * U.S. data mixed but helps dollar vs yen * Solid demand at Irish, Spanish bond auctions

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