NCUA, SBA to host 2nd webinar on CU small biz lending

first_imgThe NCUA and Small Business Administration (SBA) will host a webinar aimed at strengthening credit unions’ small business lending Nov. 13. While the first webinar hosted by the agencies last month provided an overview of their efforts, this second webinar will provide detailed information on prudent steps lenders can take to preserve loan guarantees.The SBA and NCUA signed an MOU earlier this year aimed at increasing awareness of SBA programs and launching a three-year collaboration to provide webinars, training events and media outreach meant to increase credit unions’ understanding and usage of SBA-backed loans and resources.The Nov. 13 webinar will feature staff from the NCUA’s offices of Credit Union Resources and Expansion, and Examination and Insurance, as well as the SBA’s offices of Financial Assistance, Financial Program Operations, and Credit Risk Management.Topics for the webinar – slated to begin at 2 p.m. Eastern – will include preserving credit union lenders’ loan guarantees through the origination, servicing, and lender review cycles. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Freeport and Helical are best share return performers

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ATP rebounds in Q2 with 6.7% first-half return, boosted by DONG investment

first_imgDenmark’s ATP reported a 6.7% return from its investment portfolio for the first half of this year, representing a big leap from the meagre 0.4% it was able to generate in the first quarter after it was boosted by a one-off profit from its private equity investment in DONG Energy.In its interim report for January to June, the statutory pension fund said its total assets had now increased to DKK800bn (€107billion) from DKK705bn at the end of December.Carsten Stendevad, chief executive of ATP, said: “ATP’s investment portfolio posted a strong return in 2016, driven mainly by bonds, alternative investments and private equity, including the investment in DONG Energy.”In absolute terms, the return on the investment portfolio was DKK6.9bn, with DKK2.9bn of this relating to the return ATP made on its investment in the Danish energy firm.  In the second quarter alone, ATP said returns from the investment portfolio stood at DKK6.4bn.DONG Energy’s June IPO yielded a big profit for ATP on the investment it initially made in 2014. The pension fund said it had made and aggregate return of around DKK4.0bn on the private equity investment, including the DKK2.9bn relating to 2016.ATP’s assets are divided between an investment portfolio which consists of the fund’s bonus reserves and is invested on an absolute return basis, and a much larger hedging portfolio composed on long-dated fixed-income instruments, designed to back the pension guarantees it makes.Despite the return it made in the first half, the investment portfolio shrank by the end of the first half to DKK96.9bn from DKK101.2bn at the end of December, largely because DKK9.9bn was transferred from the portfolio to the hedging portfolio in provisions for a greater-than-expected increase in life expectancy.The transfer is almost three times as much as the DKK3.7bn of extra provisioning the pension fund made during the whole of 2015 as part of its life expectancy update.The hedging portfolio grew to DKK703.2bn at the end of June from DKK604.0bn at the end of December.This was despite the portfolio of long-term hedging strategies used to protect against inflation increases, which consists of swaptions, suffering the biggest loss in the investment portfolio in the first half, losing DKK3.5bn. ATP said this was due to long-dated European swap rates having finished the reporting period lower than they had started it.In the first half of 2015, ATP made a 12% return on its investment portfolio, and went on to produce a 17.2% return for the full year 2015.In the first half, the hedging portfolio generated a return of DKK92.3bn after tax, while due to falling interest rates in the period, ATP’s provisions for its guaranteed pensions, rose by DKK93bn, the pension fund said.The result of the hedging portfolio in total, therefore, was a loss of DKK700m, ATP said, adding that this was “considered satisfactory” given that it was less than 0.1% of the guaranteed pensions.Within the investment portfolio, bonds generated a return of DKK3.9bn, listed Danish equities made a loss of DKK100m, listed international equities lost DKK700m, and private equity produced a return of DKK3.0bn.Credit investments returned DKK1.5bn, ATP said.last_img read more

Norton leads wire to wire to open Shamrock Showcase

first_imgBy Tony SteelePEORIA, Ariz. (March 17) – Guy Norton rebounded from a rough winter season to take home a victory, leading from the drop of the green in the IMCA Modified feature Friday at Canyon Speedway Park’s Shamrock Showcase.After a rough outing one week ago, the division stepped up with the show of the year so far in 2017 at CSP. An early spin in turn three on the first lap of the main event involving Austin Kuehl took out a couple strong cars, including Mike Strobl and Bryson Curry.Once the green flag was displayed a second time, we would see no more cautions as the Modifieds went green to checkers to finish the race. Norton started up front and led all 25 laps en route to a dominating victory.The story of the night may lie with Norton, but the show was the race-long battle for second place with Jason Noll fighting with John Parmeley. Eventually, Chaz Baca joined the battle for a handful of laps before coming away with second. Noll won out in his fight with Parmeley, taking home third place honors while Bubba Stafford made a pass on Parmeley during the last lap to take fourth.J.C. Parmeley held off a hard charging Jason George to get his first points win of the year, and second overall at Canyon in the Karl Chevrolet Northern SportMods. Aaron Spangler ended the winning streak of point leader George Fronsman in the IMCA Sunoco Stock Cars and Bradley Stafford took home the IMCA Sunoco Hobby Stock win with a last-lap pass of Joe Petersonlast_img read more

NPFL: Heartland stun Enyimba in Aba

first_imgRelatedPosts NPFL: Coach Dogo leaves Sunshine Stars NFF sanctions NPFL 2019/2020 final table Ex-Eagles’ keeper joins Kwara United Stanley Dimgba missed a first half penalty as Enyimba Football Club lost 0-2 to Heartland Football Club at the Enyimba Stadium on Wednesday evening. After a torrid start to the game, Enyimba appeared to have found the breakthrough in the 27th minute when Reuben Bala was tripped in the box for a penalty, but Dimgba’s kick was pushed away by Ikechukwu Ezenwa, who was making his first return to the Enyimba Stadium since his loan spell two years ago. That proved to be the turning point of the game as the visitors broke from the right three minutes later, with Abubakar Sadiq dribbling past his marker to fire into Stanley Nwabali’s far post. The hosts responded with a barrage of attacks – Victor Mbaoma coming close from range before Nelson Ogbonnaya’s header was cleared off the line. But against the tide, the visitors insured their lead right before the break when loaned forward Chukwuemeka Obioma ran through the Enyimba backline to score against his parent club. Fatai Osho introduced Martins Usule and Chukwuka Onuwa in the second half but indecisive finishing, coupled with a disciplined defensive performance by Heartland, meant the People’s Elephant were unable to get a breakthrough. The result has left Enyimba with a tally of 15 points from their opening 11 matches of the season. The People’s Elephant will be back in action this Sunday with a fixture against FC Ifeanyi Uba in Nnewi.Tags: Enyimba Football ClubHeartland Football ClubnpflStanley Dimgbalast_img read more

Cricket News Afghanistan shatter records in Twenty20 International clash against Ireland

first_imghighlights Afghanistan registered the highest team score in Twenty20 Internationals.Hazratullah Zazai’s 162* is the second-highest individual score in T20Is.Zazai and Usman Ghani shared a 236-run stand, the best partnership in the format. New Delhi: The Afghanistan cricket team have made giant strides in the game ever since they first featured on the big stage in the ICC World T20 in 2010 in the West Indies. The team has players like Rashid Khan and Mohammad Nabi who have dazzled on the world stage with their exploits. However, in the second Twenty20 International against Ireland played at the Rajiv Gandhi International stadium in Dehra Dun, Afghanistan created history as they topped the Twenty20 charts in a brilliant exhibition of hitting which showed their prowess. Afghanistan were boosted by a brilliant knock of 162* from Hazratullah Zazai as they reached 278/3 and they managed to defeat Ireland by a massive margin of 84 runs to take an unassailable 2-0 lead in the series.In the process, there were plenty of records broken. Afghanistan’s 278/3 is the highest Twenty20 International score by a country, breaking the previous record of 263/5 set by Australia against Sri Lanka in the 2016 encounter in Pallekele. This is the fourth time that Afghanistan has gone past 200 in Twenty20 Internationals. In addition to the score in Dehra Dun, Afghanistan smashed 233/8 against the same opposition in 2017 in Greater Noida. Afghanistan hit 215/6 against Zimbabwe in Sharjah in 2016 while their first 200+ score was against Scotland in Edinburgh in 2015.The score of 278/3 would not have been possible without the efforts of Hazratullah Zazai, the 20-year-old batsman from Paktia. Zazai smashed 162* off just 62 balls and the knock included 11 fours and 16 sixes. His knock is the second-highest in the history of Twenty20 Internationals behind Australia’s Aaron Finch who smashed 172 against Zimbabwe in Harare in 2018. Overall, in Twenty20s, Zazai has the joint-third highest individual score, behind Chris Gayle’s 175 for Royal Challengers Bangalore against Pune Warriors in IPL 2013. Finch’s 172 and Hamilton Masakadza’s 162* for Mountaineers against Eagles in Bulawayo in 2016 are the highest individual scores in this format. He notched up his century off just 42 balls, which is the third-fastest century in this format. David Miller and Rohit Sharma smashed centuries off just 35 balls against Bangladesh and Sri Lanka in 2017.Zazai’s tally of 16 sixes in an innings is the most by a batsman in the history of Twenty20s, going past Finch’s mark of 14 sixes which he set against England during his knock of 156 in 2013. In Twenty20s, he is level with Graham Napier of Essex and Dasun Shanaka of Sri Lanka. Gayle tops the charts when he smashed 18 and 17 sixes in an innings in the Bangladesh Premier League and Indian Premier League.Zazai and Usman Ghani shared a 236-run stand for the first wicket and it is the best partnership for any wicket in this format. In Twenty20 Internationals, Zazai and Ghani overtook the record of 223 set by Finch and D’Arcy Short in the 2018 clash against Zimbabwe while in other T20s, the duo broke the 229-run stand stitched by Virat Kohli and AB de Villiers for RCB against Gujarat Lions in the 2016 IPL. Zazai’s 16 sixes helped Afghanistan smash 22 sixes in the innings, which is the most by a team in T20Is.Ireland ended on 194 to lose by 84 runs but the match aggregate of 472 runs is the third-most in a T20I match, behind the 489 runs set by India and West Indies in the Lauderhill thriller in 2016 and Australia’s record-breaking chase of 245 against New Zealand in Auckland as the match saw 488 runs being scored.Afghanistan will be hoping to sweep Ireland in the three-match T20I series, having won the first game by five wickets.  For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

2011 NTL Results

first_imgElite Eight MenNew South Wales Scorpions7 defeated by New South Wales Mets 6TouchdownsScorpions: Jonathan Palau, Daniel Barton, Maurice Kennedy, Sam Brisby, Simon Lang, Daniel Chiddy, Nathan WongMets: Anthony Ziade, Ben Moylan, Scott Buckley, Trent Touma, Tim Good, Steve RobertsElite Eight WomenNew South Wales Mets 9 defeated by New South Wales Country Mavericks 4 TouchdownsMets: Elin Mortimer 2, Nola Campbell, Pepita Macalister-Knight, Kristy Judd, Stacey Lapham, Claire Winchester, Nicole McHugh, Kristin BossMavericks: Nicole Beck 2, Kylie Hilder, Jess McCallMixed Open (Tony El Takchi Shield)Sydney Rebels 5 defeated Brisbane City Cobras 3TouchdownsRebels: Claire Moran 2, Val Arena, Matthew Wiggs, Manu WakelyCobras: Kate Barker, Mel Fainges, Dean DenningMen’s Open (Mark Boland Shield)Brisbane City Cobras 7 defeated North Queensland 6TouchdownsCobras: James Sharp 2, James Courtney 2, Jake Laws, James Wihongi, Jason Te Huia, North Queensland: Jake Carter, Charlie Kang, Ben Glenwright, Jason Lynch, Samuel MazzaWomen’s Open (Angela Barr Shield)Brisbane City Cobras 8 defeated Sydney Mets 3TouchdownsCobras: Katherine Stevens 2, Kristy Moran, Angela Verniquet, Shannon Hayes, Daniel Gillham, Kate Greishaber, Rebecca SimsonMets: Gaby Chui, Trish McCarthy, Rowena MorganWomen’s 27’sNorth Queensland Tropical Cyclones 3 defeated Hunter Western Hornets 2TouchdownsNorth Queensland: Melissa Dunne, Tremayne Horan, Christy HarrisHornets: Amber Stephens, Krystal LaughtonWomen’s 35’sSouth Australia Heat 5 defeated North Queensland Tropical Cyclones 0TouchdownsSouth Australia: Moirirangi Williams 2, Sharon Gray, Michelle FordMen’s 30’sSydney Rebels 9 defeated Sydney Scorpions 3Touchdowns Rebels: Chris Lane 3, Chris Jonson 2, Shannon Warren 2, Mark Neiss, Dave RoseScorpions: Heath Cooper, Jason Everett, Paul McPhersonWomen’s 40’sSydney Scorpions 6 defeated South West Queensland Swans 1TouchdownsScorpions: Megan McGhie 2, Linda Patterson, Sue Hume, Natalie Harrison, Kath SambellSwans: Tarah GaleMen’s 40’sSydney Scorpions 10 defeated South Queensland Sharks 9TouchdownsScorpions: David Cheung 3, Jason Martin 2, Mark Springfield 2, Peter Wandl, Alex Ferro, Jeff CheungSharks: Scott Notley 3, Corey Foster 2, Bruce McDonald 2, Andrew Willet, Brooke EarlyMen’s 45’sSydney Mets 9 defeated South Queensland Sharks 7TouchdownsMets: Amir Ayoub 3, Anthony Wong, Tony Iannella, George Kritikakis, Rob Weatherill, Glenn Weatherill, Joe O’BrienSharks: Peter Sheppard 2, Luke Shaw 2, Lex Gillespie, Steve Green, Stephen HorsnellMen’s 50’s – division oneSydney Mets 2 defeated Southern Suns 1TouchdownsMets: Jeff McGhie, Wayne BrennanSuns: Adrian LambertMen’s 50’s – division twoSydney Scorpions 5 defeated Sunshine Coast 4TouchdownsScorpions: Les Saggers 2, David McLean, Phil Young, Marty FletcherSunshine Coast: Trevor McPhillips 2, Rick Lowien, Tony LacazeSenior MixedBrisbane City Cobras 8 defeated Central Queensland Bulls 3TouchdownsCobras: Corey Meredith 3, Justin Robson 2, Katrina Woodger, Haylene Grogan. Sarah JohnsonBulls: Brett Robson 2, Ken Wardlast_img read more

10 months agoPochettino warns high-flying Spurs players: Everyone now wants to kill us

first_imgPochettino warns high-flying Spurs players: Everyone now wants to kill usby Paul Vegas10 months agoSend to a friendShare the loveTottenham boss Mauricio Pochettino has warned his players they’re now a big target after moving into second place.Victory over Tottenham saw them overtake Manchester City to go second behind leaders Liverpool and the win puts them six points behind Jurgen Klopp’s front runners. Pochettino said: “We are there because we have amazing belief – and without that belief it would be impossible to be in this position.“We have faith and we have clear ideas and now the challenge is to keep that because the challenge is going to be tougher than before.“When you are in the top two everyone wants to kill you. It will be so much tougher.“But we need to remain humble and continue working hard as it will now be much more difficult than before.“Then maybe in April or May we can seriously about being serious challengers as there is still a long way to go. Only then will we know if we are true contenders for the title.” About the authorPaul VegasShare the loveHave your saylast_img read more

Vatican embassy says TRC report will be sent to Rome

first_imgAPTN National News OTTAWA–The  Vatican embassy in Ottawa says it will send the Truth and Reconciliation Commission’s report to Rome.A spokesperson at the embassy did not have an immediate comment about the recommendations aimed at the Church including a call for Pope Francis to come to Canada to issue an apology to “survivors.”The TRC report said the apology should be “for the Roman Catholic Church’s role in the spiritual, cultural, emotional, physical, and sexual abuse of First Nations, Inuit, and Metis children in Catholic-run residential schools.”The report is calling for the Pope to issue an apology “similar to the 2010 apology issued to Irish victims of abuse and to occur within one year of the issuing of this report.”In the report released Tuesday, the three TRC Commissioners aimed a number recommendations at churches in Canada that had ties to residential schools.The TRC is asking that churches that are party to the settlement agreement develop educational strategies to ensure their congregations understand the church’s role in residential schools and that churches change their curriculum for young clergy to be taught about the history of the [email protected]@APTNNewslast_img read more

Tensions with China do not play out in our project at all

first_img“The current tensions between China and Canada do not play out in our project at all,” Calitz said in Ottawa after meeting with federal cabinet ministers and Prime Minister Justin Trudeau. “PetroChina is a proud participant.”In recent weeks, China has blocked Canadian canola-seed shipments _ which is widely seen as a response to Canada’s move in December to arrest senior Huawei executive Meng Wanzhou in Vancouver at the behest of the United States.Meng’s arrest, and her possible extradition to the U.S. to face criminal charges, has angered China.Canola is a key export for Canada and China has been a huge market for the product. China imported $2.7 billion worth of Canadian canola seed last year, which ensures any prolonged blockage will hurt farmers, the industry and the broader economy.(Trudeau has said his government will have “good news” to announce on canola in the coming days. Besides pursuing China for proof of the alleged contamination of Canadian canola, the government has promised to find ways to help affected producers in Canada.)Since Meng’s arrest, China has also detained two Canadian citizens on allegations of endangering Chinese national security and has sentenced two Canadians to death for drug-related convictions. “Every time it leads to trade ties that relaxes the relationship,” he said. “It creates a mutual dependency, it creates business understanding.”China, he added, plans to bring in Canadian gas to help it replace its coal power plants, improve air quality and lower greenhouse-gas emissions.Calitz added that the LNG Canada project, which has faced opposition from some Indigenous communities in B.C., is on track to start transporting gas in late 2023. OTTAWA, O.N. – The head of LNG Canada says Ottawa’s trade and diplomatic frictions with Beijing “do not play out” at all in the massive project that will one day ship liquefied natural gas from British Columbia to major Asian economies, including China.PetroChina, a state-controlled Chinese energy giant, owns a 15-per-cent stake in the $40-billion project, a Royal Dutch Shell-led joint venture that includes other Asian partners. The project includes an export facility in Kitimat, B.C.In an interview Tuesday, LNG Canada CEO Andy Calitz told The Canadian Press the deepening feud between Canada and China has never been raised at any of LNG Canada’s executive committee meetings.center_img The second death penalty was handed down Tuesday. The Canadian was among at least six foreigners allegedly involved in what has been described as an international methamphetamine operation.Chrystia Freeland, Canada’s foreign-affairs minister, told reporters in Ottawa that the government firmly opposes the use of the death penalty anywhere.“We think that this is a cruel and inhumane punishment which should not be used in any country,” Freeland said. “We are obviously particularly concerned when it is applied to Canadians.”On Canada’s natural-gas business with the Chinese, Calitz said he’s worked on different projects that have taken Australian and Russian gas to China. He suggested the work in B.C. could strengthen the Canada-China connection.last_img read more