– Advertisement – U.S President Donald Trump returns to the White House after news media declared Democratic U.S. presidential nominee Joe Biden to be the winner of the 2020 U.S. presidential election, in Washington, U.S., November 7, 2020.Carlos Barria | Reuters Still, analysts say that the outlook for the yuan isn’t purely strength gained on optimism for the Biden administration, but includes a myriad of factors, including geopolitical motivations, a weaker dollar and China’s economy. The Trump effectEven before Biden’s win, China has been advocating for greater use of the yuan globally.ANZ Research’s Raymond Yeung, chief economist for greater China, attributed that to the Trump effect.“The Trump administration has taught China a lesson in economic security,” he said in a report late last week. “This concern covers not only the supply of chips for Huawei but also the ability of some entities to transact in the USD-centric financial system.”The trade spat between both countries has expanded into technology, as Washington increasingly targets Chinese tech giants, from phone maker Huawei to video-sharing app TikTok. The attitude toward China in Washington is unlikely to change much with a Biden administration. While Biden has slammed Trump’s trade war with China for hurting businesses, he has also said that the U.S. must “get tough on China.” Under the Trump administration, the U.S. moved to restrict Chinese companies from listing on American exchanges, fueling concerns about financial decoupling as tensions continue to rise.Analysts have said China has been seeking to reduce its reliance on the dollar to manage its risk. Many companies have corporate debt denominated in the dollar, making them highly exposed to the greenback. Beijing has gradually reduced its purchase of U.S. Treasurys and pushed for much of its trade and other cross-border settlements to be conducted in the yuan — using its Belt and Road vehicle to do that.Yeung noted that the share of global trade that’s being settled in the yuan has gradually increased since Trump took office. Around the beginning of 2017, more than 16% of global trade was denominated in yuan and by the middle of this year, that figure jumped to nearly 22%, according to Yeung.With more U.S.-listed Chinese companies flocking back home to Shanghai or Hong Kong to launch secondary listings, a “significant portion” of those flows have been conducted in the yuan rather than the dollar, according to ANZ Research.Overall, cross-border settlements using the renminbi (RMB) — another name for the yuan — amounted to 19.67 trillion yuan ($2.97 trillion) in 2019, increasing 24.1% from the previous year, according to a 2020 report by the People’s Bank of China (PBOC). In 2019, the RMB settlement between China and countries in its mammoth Belt and Road initiative accounted for 13.9% of total global settlement – a year-on-year jump of 32%.The report said that, by the end of 2019, China had signed bilateral local currency swap agreements with 21 countries as part of its Belt and Road initiative. The ambitious project aims to build a complex network of rail, road and sea routes stretching from China to Central Asia, Africa and Europe. It is also aimed at boosting trade.Yuan strength will depend on weaker dollarThe strength of the yuan will also depend on the performance of the dollar, which has weakened in the past few months.“This is very much going to be determined by how the U.S. dollar behaves over the next 6 to 12 months,” said Wayne Gordon, senior investment analyst at UBS Global Wealth Management. The Chinese yuan, which has steadily strengthened this year, spiked even further in the days leading up to and after Joe Biden’s projected election victory.Analysts have flagged that a Biden win is likely to be more bullish for the Chinese currency. And indeed, investors seem to think so.As Biden’s victory seemed to grow increasingly likely last week, the offshore yuan rallied to below the 6.60 mark. It hit a 28-month peak on Monday after he became the projected winner and appreciated even further after.- Advertisement – “Generally speaking, you would expect the dollar would start to weaken on the back of stronger global growth, and emerging market growth begins to recover. Obviously, people start to look for higher yields elsewhere,” he told CNBC’s “Street Signs Asia” on Tuesday.The record spreads between Chinese and U.S. treasury yields have been flagged as bullish for the yuan. With Chinese treasury yields higher as compared to those in other major markets. That could draw investors to Chinese government bonds, leading to an inflow into the yuan, which would bode well for the exchange rate.But volatility from uncertainty may linger after the U.S. election, and the dollar — a safe-haven currency — could reverse direction, according to Mizuho Bank’s Varathan.“So it stands to reason that despite the conditions for an underlying weak USD trend lining up, the potential for outbursts of USD strength from haven demand cannot be dismissed lightly; especially as US political uncertainty takes time to unpack,” he said. The Trump administration has taught China a lesson in economic security.Raymond YeungANZ Research’s chief economist for greater China “Ostensibly, (offshore yuan) reactions suggest that a Trump victory is deemed to be far more negative for China, in contrast to a Biden Presidency, seen to lend some semblance of stability and interim relief,” Vishnu Varathan, head of economics and strategy at Mizuho Bank, wrote in a note late last week.He noted U.S. President Donald Trump takes a “unilateral, zero-sum game approach that has turned increasingly antagonistic and unpredictable.”While Biden shares concerns about the geopolitical and technological threat that China poses, the former vice president is “likely to adopt multilateral and rules-based engagement,” Varathan wrote.- Advertisement – – Advertisement –
Jan 10, 2008 (CIDRAP News) – Animal health officials in the United Kingdom today announced that samples from three mute swans found dead at a swan sanctuary in Dorset County on England’s southwest coast tested positive for H5N1 avian influenza.The birds were found and tested as part of a routine surveillance program, according to a statement today from the UK Department of Environment, Food, and Rural Affairs (DEFRA). The site where the birds were found, Abbotsbury Swannery, is home to about 600 swans, according to a report today from BBC News.Established by Benedictine monks in the 1040s, the swannery is a tourist attraction that boasts the world’s only managed colony of mute swans, according to the Abbotsbury Tourism Web site.A wild bird control and monitoring area that has been established around the swannery includes Chesil Beach, an 18-mile stretch of English Channel coastline, and a nearby island called Portland Bill, according to the DEFRA statement. Bird keepers in the area are required to house their birds or isolate them from contact with wild birds. Officials have also restricted bird movements and banned bird gatherings in the area.The H5N1 virus has not been found in domestic birds, and a wild bird surveillance program is underway. “There will be no culling of wild birds because such action may disperse birds further and would not aid control,” DEFRA said.”While this is obviously unwelcome news, we have always said that Britain is at a constant low level of risk of introduction of avian influenza,” said Fred Landeg, DEFRA’s acting chief veterinary officer.John Houston, a representative of Abbotsbury Swannery, said the establishment is working with the UK Health Protection agency to ensure that the staff and public are protected, the BBC reported.In March 2006, a dead bird that was first reported to be a mute swan washed up on a beach in Scotland and was found to be infected with H5N1, signaling the UK’s first H5N1 finding, according to previous reports. The bird was later identified as a wild whooper swan, according to a report from the World Organization for Animal Health (OIE). The virus has also turned up in mute swans in other European countries, including France and Hungary.Last year England had two H5N1 outbreaks in Suffolk turkey farms, one at the Bernard Matthews farm in February and another at two Redgrave Farms sites in November.See also:Jan 10 DEFRA statementhttp://webarchive.nationalarchives.gov.uk/20100401103043/http://www.defra.gov.uk/news/latest/2008/animal-1001.htmAbbotsbury Swannery sitehttp://www.abbotsbury-tourism.co.uk/swannery.htmNov 29, 2007, CIDRAP news story “UK: H5N1 outbreak may be linked to wild birds, lax biosecurity”
SHARE Email Facebook Twitter Jobs That Pay, Press Release, Workforce Development Philadelphia, PA – Governor Wolf today toured Adaptimmune Therapeutics, a clinical stage biopharmaceutical company, and participated in a roundtable discussion with employees focused on expanding job creation and workforce training in the commonwealth.“I am thrilled to see a company like Adaptiummune creating new, high-paying jobs, and thriving in Pennsylvania,” said Governor Wolf. “We need to continue to do what we can to help set the table for robust private sector growth. The important work being done at the company’s new headquarters and manufacturing site transcends state borders, and I’m proud to support Pennsylvania’s life science companies.”Coordinated by the Governor’s Action Team, in October 2015, Adaptimmune announced its plans expand and create 110 new, high-paying jobs in Philadelphia. Today, the governor toured the company’s newly constructed, 47,400-square-foot U.S. headquarters and base for clinical and manufacturing operations at the Philadelphia Navy Yard.“The Philadelphia Navy Yard is fast becoming a vibrant hub for biotechnology in the region, and at Adaptimmune we are very proud to be leaders in this space,” commented William Bertrand, Adaptimmune’s Chief Operating Officer. “We are committed to the Navy Yard, and we have confidence in Pennsylvania as a powerhouse for scientific and medical achievement. We were honored to host Governor Wolf today, and we thank him for his outstanding commitment to making Pennsylvania a great place to create new businesses and jobs.”Founded in 2008, Adaptimmune is a clinical stage biopharmaceutical company focused on novel cancer immunotherapy products based on its T-cell receptor platform. Adaptimmune launched its U.S. operations in Philadelphia in 2011, operating out of the University City Science Center, Philadelphia. On ‘Jobs That Pay’ Tour, Governor Wolf Visits Adaptimmune Therapeutics July 24, 2017
Unlike several other of the AP funds, AP1 has to date largely limited investments to the traditional asset classes of real estate, equity and fixed income, with small stakes in private equity and hedge funds. In comparison.The pension fund generated an investment return after expenses of 14.6% last year, up from 11.3% in 2013, which compared favourably to the returns of fellow buffer fund AP3, which saw returns of 13.7% after expenses.In absolute terms, AP1’s net investment income after expenses was SEK36.4bn (€3.8bn) compared with SEK25.7bn the year before.Net assets rose by SEK31bn to SEK284bn – behind both AP2, at SEK293.9bn, and AP3, with assets of SEK288.3bn.Magnusson said all asset classes had given a “healthy” return.Administrative expenses rose to 0.17% last year from 0.14% the year before.The fund paid a net SEK5.1bn to the Swedish pension system in 2014, down from SEK6.9bn, according to the published data.AP3 chief executive Kerstin Hessius praised the support the AP funds were able to offer Sweden’s pension system, having paid out SEK100bn across the four funds.”At the same time, the AP funds have made a growing contribution to the pension system’s long-term financing. Our combined fund capital now exceeds 13% of total pension system assets, compared to 10% at inception.”AP1’s exposure to both equities and bonds decreased over the year, while the amount of assets in hedge funds and private equity funds increased, figures showed.Shares dipped to 48.9% of total assets from 49.2%, and fixed income securities fell to 30.9% from 31.2%.Meanwhile hedge fund exposure rose to 5.9% from 4.9%, and private equities accounted for 4.4% of overall assets at the end of the year after taking up 3.3% a year before.The property allocation remained unchanged year-on-year at 8.8%.For more on the investment strategy of Sweden’s AP funds, see IPE’s coverage of the Nordic pensions market Sweden’s buffer fund AP1 said it was now preparing to make its first investments in infrastructure as part of a shift in its long-term investment strategy.Releasing its annual report for 2014, the pension fund said it was continuing to develop its long-term strategy, through its focus on unlisted, illiquid assets such as private equity funds and infrastructure.Johan Magnusson, chief executive of AP1, said: “Our investments in private equity funds have proven successful, and the organisation is now getting set for investments in different types of infrastructure.”Last September, Magnusson said the fund had taken a decision to increase investment risk as part of its strategic approach to create a portfolio that was robust to major changes in value.
Versailles, In. — The Ripley County Community Foundation has awarded a Sally Morris Community Impact Grant.This year these grants are being proactively granted by the Board of Directors to allow the Community Foundation the flexibility and creativity to assist communities in times of need (when the project would fall outside of our normal grant timeline) in a thoughtful and unique way. Each year the Board of Directors evaluates the work of the Community Foundation and selects areas of interest to target in the upcoming year. This year, one issue the Board wanted to address was downtown revitalization.To reignite the community pride through collaboration, they recently granted $5,000 to the Versailles Main Street Program for the commission of a mural to be painted on the Lions Club building. “There are many projects taking place all over Ripley County which are aimed at bringing life back to our town squares. Over the last several years, Versailles Main Street has made strides in making the Versailles town square a center of activity. They have introduced a weekly farmer’s market, weekly community exercise programs, 5K events, a Christmas Parade and a Taste of Versailles. Additionally, the Town is moving its Town Hall back onto the town square.” Stated Chris Nichols, RCCF Board Member. 2018 is Versailles’ Bicentennial which will be celebrated on July 28th with an all-day event on the square. The Board of Directors wants to support Versailles Main Street and the Town of Versailles in its revitalizations efforts and will do so by commissioning a capstone project that will memorialize the Town’s Bicentennial while inspiring new energy. “One necessity in downtown revitalization is to create a charming space that people want to visit. It is the hope of the Board of Directors that a piece of community art will draw people to the town square and spark conversation among families, friends and former residents,” Stated Amy Streator, RCCF Executive Director.The community is invited to assist in the painting of this mural on July 28 at the Versailles Bicentennial Celebration.
Hazel Svatba, 57, of Cross Plains passed away Friday, July 6, 2018 at Norton’s Women’s and Children’s Hospital in St. Matthews, Kentucky. She was born at Richmond, Kentucky on December 17, 1960 the daughter of Jesse and Delphia Bishop Barrett. She was married to Alvin Svatba on August 17, 1976 and he survives. Other survivors include her mother Delphia Barrett of Beattyville, Kentucky; three sons Kevin (Kelly) Svatba of Aurora, Landon (April) Svatba of Versailles, and Justin (Alyssa) of Muncie; two daughters Jessica Kay Svatba of Cross Plains and Heather (Zachary Hillman) Svatba of Hartford City; 15 grandchildren; four brothers Mitchell (Goldie) Barrett, Calvin Barrett, and Billy Ray Barrett all of Beattyville, Kentucky, and Gordon (Amy) Barrett of Versailles; two sisters Debbie Bowling of Booneville, Kentucky and Kim (Chuck Gullion) of Holton. She was preceded in death by her father and her brother Alvin Barrett. Hazel was a former assistant manager at the Dollar General store in Versailles. She enjoyed spending time with her children and grandchildren and working on puzzles. Hazel was a member of the North Vernon Church of Christ. Funeral services will be held on Wednesday, July 11th at 12pm at the Stratton-Karsteter Funeral Home in Versailles with Brian Oliver officiating. Burial will be in the Holton Cemetery. Visitation will be on Wednesday from 10am until time of services. Memorials may be given to the donor’s choice in care of the funeral home.
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He continued: “I have had to think whether it is good for me to play or not. Sometimes I will get a reaction and sometimes I won’t. This is normal. Since I came back I have had to see if I can get through the two or three months. Then I will be fine. “It is not a long-term thing. It is the normal procedure after the kind of op I had. After I’d had surgery I knew we’d then have to manage the knee and then after that it would be normal again. “It is all dependent on the individual. But it should be soon. After every game I am feeling better and that is a good sign. It was just swelling sometimes after matches. There was no pain, it was just a reaction as the knee got used to the work again. It is a normal thing. I have played twice in five days now and it has been good.” United’s 2-0 win at QPR on Saturday ensured they remain firmly on course for the league title, with the gap between them and second-placed Manchester City currently standing at 12 points with 11 top-flight games left to play each. Someone who has been a part of all the Red Devils’ previous 12 triumphant Premier League campaigns is Ryan Giggs, who netted the team’s second goal at Loftus Road. Even at 39, the midfielder remains a key player for United and Vidic has paid tribute to Giggs. “Ryan is very professional and is such an example for the young players,” Vidic said. “They see how you have to treat yourself and educate yourself in football to be a great player. Of course he has the quality and ability as well. He is a great example of how to be professional and to play at the top for so long. We have quite a few players like that. Rio (Ferdinand) is the same. He is a committed professional the same as Paul Scholes.” Manchester United captain Nemanja Vidic is feeling good about the progress he is making as he continues on the road to recovery from his knee problems. Vidic suffered cruciate ligament damage in his right knee in United’s Champions League group game against Basle in December 2011 which sidelined him for the remainder of that season. Then, after playing in the Red Devils’ opening five matches of the current campaign, the Serbian centre-back underwent surgery on the same knee in September. He returned to action in December and has featured in 10 of United’s last 16 fixtures in all competitions, starting nine of those. Regarding his fitness, the 31-year-old said: “I had problems with my knee and I was so long without football. It is difficult now we are playing Wednesday-Saturday-Wednesday.” Press Association
THREE consecutive nights of football action will begin at the Mackenzie Sports Club (MSC) ground tonight, as play in this year’s 4th annual Upper Demerara Football Association’s (UDFA) GT Beer Christmas football championship commences in earnest, when three-time champions Federal Winners Connection take on Blueberry Hill in the second game of a double-header feature.The first game will bring together Kwawkani Strikers and Silver Shattas at 19:00hrs, after the official march past at 18:00hrs, involving the ten participating clubs.President of the UDFA, Sharma Solomon, is expected to be among the speakers along with Geoff Clement, the GT Beer Brand Manager of sponsor Banks DIH, who, once again, is on board using its GT Beer brand.The ten participating clubs are tournament favourites Federal Winners Connection, who have won from its inception, Blueberry Hill, Kwawkani Strikers, Silver Shattas, Amelia’s Ward Panthers, Eagles United, Botofago, Milerock, Hi Stars and Net Rockers.Once again the football fans in Linden are in for a treat as they look towards another year-end championship which has become a staple for football lovers here in Linden, and, with $1M up for grabs, one is certain to see a very competitive tournament which concludes after eleven nights of football.The first-place finishers will collect $1M and a huge trophy along with replicas, second-placers $600 000 and a trophy, third-placers $300 000 and fourth-placers $200 000.The second day of play tomorrow and Thursday will also be interesting as the teams try to jostle for positions to cart off the incentives at stake and bragging rights which have been in the Winners Connection camp for the past three years. (Joe Chapman)
Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-SPORTSSports leagues seek return to play but with no guaranteesUNDATED (AP) — Sports fans hoping for a fast return to the games they love might need to temper their expectations. Although sports leagues talk publicly about their desire to return to competition before summer, those are best-case scenarios. Behind closed doors, they are hatching different potential plans: all 30 baseball teams playing in Arizona; home run contests to decide tie games; the Stanley Cup being hoisted in an empty arena that neither team calls home; end-of-season soccer standings decided by vote; college football games in spring.Over the past week, The Associated Press interviewed more than 20 policymakers, coaches and players across the globe for their assessments of the situation. They all conceded that sports may not restart for months, if at all this year. Most agree that what’s needed is a drastic ramp-up in testing, a vaccine or some type of improved treatment to make players feel safe to compete.Dr. Anthony Fauci (FOW’-chee), the infectious disease expert, has suggested that sports could conceivably return with no fans in arenas and constant testing for the players, who would likely need to be quarantined in hotels for weeks or months. Not all players are on board.In other developments related to the coronavirus pandemic:— Wayne Gretzky is optimistic the NHL will be able to resume at some point this summer. He tells The Associated Press he’s hopeful hockey and other sports will be able to come back from the coronavirus pandemic and serve as a sign that conditions are improving. Gretzky says he believes leaders in the U.S. and Canada will find a way to bring back hockey and other sports in June, July and August. The league is considering several options on trying to resume this season, including going directly to the playoffs at several neutral sites. — Soccer has resumed in Turkmenistan with spectators as the Central Asian nation lifted a suspension of its national league. Around 500 people attended Sunday’s game in a 20,000-capacity stadium in the capital. The crowd size was broadly in line with typical domestic league games in Turkmenistan and as usual attendance was free. The game ended 1-1. The eight-team league was suspended on March 24 amid the coronavirus pandemic. Turkmenistan is one of the few countries in the world not to have reported any cases of the coronavirus.— The stadium of English Premier League club Brighton has been converted into the south coast’s biggest drive-in coronavirus testing center. The appointment-only center has been put in place at the American Express Community Stadium as part of the drive to increase testing for National Health Service staff and other key workers. Officials say the center was scheduled to see more than 50 NHS frontline workers on Saturday, and they will have the results of their tests within 48 hours. Within a few days, the site should reach its capacity of up to 1,000 tests a day.— Players and coaches for Italian soccer team Roma have waived their salary for four months. The team hasn’t played a competitive match since March 1 because of the pandemic, so the players and coaching staff will forgo salaries due to them for March, April, May and June.— British horse racing’s most successful flat trainer of all time is recovering after contracting the coronavirus. Mark Johnston has been isolating since having the symptoms confirmed and his family says he is making good progress. In 2018, Johnston celebrated his 4,194th winner, which is the most of any trainer in British flat racing.NBA-BOGUT FUTURE Update on the latest sports Byron makes it 2 straight winsCHARLOTTE, N.C. (AP) — William Byron won his second consecutive NASCAR virtual race by holding off Timmy Hill in a drama-free event at virtual Richmond Raceway.The most excitement came when Matt DiBenedetto was parked for intentionally crashing Ryan Preece and the two then engaged in a Twitter spat. The iRacing Series has had a sour taste since Bubba Wallace lost a sponsor for quitting a game in a rage and Kyle Larson was fired for using a racial slur.FORMULA1-VIRTUAL RACINGLeclerc wins virtual GP, again Former NBA top pick Bogut unsure about playing futureUNDATED (AP) — Andrew Bogut (BOH’-gut) is close to making a decision on when to end his career after 15 years in professional basketball.Bogut was planning to retire after playing for Australia at the Tokyo Games this summer. With those games delayed until July 2021, the 35-year-old is debating whether to wait it out. He says he probably needs to decide by mid-May.Bogut was a 2005 No. 1 draft pick by Milwaukee and won an NBA championship with the Golden State Warriors in 2015. He has played for Sydney in the National Basketball League the past two seasons.NASCAR-VIRTUAL RACING April 19, 2020 UNDATED (AP) — Charles Leclerc has won his second straight Formula One Virtual Grand Prix, taking the Chinese GP from the pole position.The Ferrari driver finished ahead of Red Bull’s Alex Albon and Guanyu Zhou (gwahn-yoo zhoo), who races in Formula 2.The 22-year-old Leclerc has won two actual F1 races and only started playing the video game at the start of the month. The actual Chinese GP originally was scheduled for April 19 but was postponed in February due to the coronavirus pandemic.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6