Cairn

first_img KCS-content Cairn Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot CAIRN’S Indian assets are certainly attractive. The sites bought for a mere $7m (£4.5m) from Shell in 1997 now trade on the Mumbai exchange at a market value of $14bn. Cairn’s flagship oilfields in Rajasthan are predicted to churn out 90,000 barrels a day in 2011, rising to 125,000 barrels the year after.Vedanta is not the first resources group to set its eye on the diversifying properties of fuel exploration. BHP Billiton derives a decent chunk of its turnover from oil, and Brazil’s Vale is also looking to take stakes in energy assets. The aim is to flatten out revenues by hedging against high fuel costs during bull phases.But Vedanta shareholders have every reason to feel nervous. The company is halfway through a monster capex programme and, after the $1.3bn purchase of Anglo Zinc in May, would probably need to raise either fresh debt or equity to fund the deal. Although it has $7.2bn on its balance sheet, Vedanta’s existing commitments mean it is far from cash-rich.Until the market has clarity on price and funding, expect more pressure on Vedanta’s shares. Tags: NULL whatsapp Show Comments ▼ Share whatsapp Sunday 15 August 2010 10:46 pmlast_img read more

BEST OF THE BROKERS

first_img BEST OF THE BROKERS SPORTS DIRECTNumis retains its “add” rating on sports retailer Sports Direct after a solid year, with ebitda of £160m in the year to April. But it has revised the ebitda forecast for this year down £7m to £195m due to a tougher trading environment. Nonetheless it believes the business has a strong internet sales opportunity.BSKYBInvestec has put a “hold” rating on BSkyB with a price target of 700p based on an assumed takeover at 775p in six to nine months time. Investec notes the key investment risk is if News Corp walks away from any deal, but forecasts a five per cent earnings per share increase by the end of 2011.BAE SYSTEMSJ P Morgan has raised its earnings per share forecast for BAE Systems after a strong industry performance in the first half of the year, plus growth in all divisions and a seven per cent increase in organic sales. With the seasonally stronger second half to come it maintains its “overweight” rating. KCS-content whatsapp Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot whatsappcenter_img Monday 16 August 2010 7:51 pm Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tags: NULLlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img whatsapp CITY MOVES | WHO’S SWITCHING JOBS whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tuesday 28 September 2010 10:30 pm KCS-content center_img Show Comments ▼ Insurance Institute of LondonThe IIL has elected Stephen Catlin, the chief executive of the Catlin Group, as its new president, taking over from Willis group president Grahame Millwater. Catlin, who founded the insurer in 1984, has also previously served as chairman of the Lloyd’s Market Association and a member of the Lloyd’s Franchise Board.In addition, the IIL appointed Marsh UK chief executive Martin South as its new deputy president.LMS CapitalMark Sebba, the chief executive of luxury online womenwear retailer Net-a-Porter, has joined the board of private equity group LMS Capital as a non-executive director.A chartered accountant and former investment banker, Sebba has been at Net-a-Porter since 2003, prior to which he was finance director at Video Networks and Golden Rose Communications.Syndicate Asset ManagementThe fund management group has appointed David de Winton to its subsidiary Savoy Investment Management.De Winton joins Savoy as an investment manager from Charles Stanley, where he co-managed a mature discretionary client base in excess of £100m. Prior to that, he worked at stockbroker Killik & Co between 1998 and 2006.EvershedsThe law firm has expanded its shipping practice with the appointment of senior associate Terry O’Regan to establish a new international trade team.O’Regan joins from Kuwait Petroleum Corporation, where he was the senior legal adviser providing advice on the English law aspects of the sale and delivery of Kuwait’s crude oil and petroleum products.AldermoreThe banking start-up has hired Ali Humphries from Nationwide Building Society as its new head of HR.Prior to joining Nationwide, Humphries held the same position for the retail operations of HBOS and, up until April 2007, ran her own HR consulting firm advising clients such as Amex, Dell, ING, Vodafone and Thames Water.Premier Asset ManagementThe asset manager has appointed Chris Norsworthy as a regional investment sales manager for south east England.Norsworthy was most recently regional sales director at Close Finsbury Asset Management and, prior to that, head of UK sales at Sarasin Investment Management. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Share Tags: NULLlast_img read more

Hurricane Richard bears down on Mexico oil fields

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com KCS-content whatsapp Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sunday 24 October 2010 11:03 pm HURRICANE Richard was yesterday threatening oil fields in Mexico as it wreaked havoc in Honduras and bore down on the nearby tiny Caribbean nation of Belize.The US National Hurricane Centre said the storm packed maximum sustained winds of 85 miles (140 km) per hour and was about 55 miles east of Belize City. It was expected to make landfall later in the day near the city.Richard could then barrel through southern Mexico into Mexico’s oil-rich Bay of Campeche as a tropical depression, the NHC said.Some forecasters saw Richard eventually veering north toward US oil facilities in the Gulf of Mexico, although the NHC said the storm would probably not strengthen once it enters in the Gulf.Rain lashed down on the islands off Honduras’ north coast whose white sandy beaches are popular with foreign tourists.Authorities said electricity had been knocked out in some areas and mudslides cut off dozens of villages.“Thank God we don’t have any serious damage or deaths or injuries,” said Lizandro Rosales, head of Honduras’ emergency services committee.In Belize, an impoverished country of about 330,000 people that will likely bear the brunt of the storm, families with flimsy houses were moving into shelters along the coast. center_img Show Comments ▼ Hurricane Richard bears down on Mexico oil fields whatsapp Tags: NULL Sharelast_img read more

ANALYST VIEWS: WHERE DO YOU SEE THE BHP BID FOR POTASH GOING?

first_img whatsapp Share whatsapp KCS-content Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Monday 1 November 2010 9:06 pm CHARLIE GIBSON | EDISON MININGThe challenge will be on the PR front, and how Canadians view BHP. Canada doesn’t have a bad record when it comes to protectionism, and the fact that BHP is an Anglo-American company can only help.TOM GIDLEY-KITCHIN | CHARLES STANLEYThe decision tomorrow is the crucial point. If the government allows it, and it’s finely balanced now, the market seems to think BHP will raise its bid. It depends on what other undertakings BHP has given to the government.CHARLES KERNOT | EVOLUTION SECURITIESGiven the price of Potash shares at the moment, it seems possible that BHP will raise its bid considerably, to around $150. It may be that as more information comes out, the price could rise further still. ANALYST VIEWS: WHERE DO YOU SEE THE BHP BID FOR POTASH GOING? Tags: NULLlast_img read more

Mass strikes cause chaos across Greece

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Monday 13 December 2010 8:33 pm whatsapp Mass strikes cause chaos across Greece Share center_img Show Comments ▼ GREEK public transport and media workers launched a week of anti-austerity strikes yesterday expected to ground flights, disrupt services and pile rubbish on the streets in the run-up to Christmas holidays.Parliament began discussing a bill to cap wages at state-run firms and introduce company-level wage bargaining in the private sector, both key elements in a €110bn (£93bn) bailout agreement with the EU and the IMF.Public buses across the country and the Athens subway stopped operating for six hours yesterday, while workers at the state broadcaster ERT joined the walkout and staff at the state-owned ATEbank went on rolling 24-hour strikes.Protests will peak tomorrow, when the main labour unions from the public and private sector have called a 24-hour general strike. Flights will be grounded and all state services disrupted. whatsapp KCS-content Tags: NULLlast_img read more

TUI Travel to take £30m hit from Egypt unrest

first_img whatsapp John Dunne TUI Travel to take £30m hit from Egypt unrest whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proofcenter_img Thursday 3 February 2011 3:25 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workoutautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com TUI Travel said the unrest in Egypt and Tunisia could hit its second-quarter results by up to £30m, though said first-quarter losses narrowed.“The Egypt and Tunisia situation could impact the quarter two result by £25m to £30m,” TUI Travel said in a statement.The company said it would take a hit of at least £20m from the unrest in Egypt and £5m from the situation in Tunisia.Europe’s biggest travel company said its underlying operating loss narrowed to £84m from £107m in the quarter ended December 2010. It’s revenues rose six per cent to £2.694bn driven by demand for specialist holidays.“The progress in the first quarter represents an encouraging start to 2011 and the forward booking position is good,” the company said. “We remain cautious, however, given the current economic and geopolitical uncertainty.” Show Comments ▼ Tags: NULLlast_img read more

THE SOUND OF MUSIC COMES TO THE WHARF

first_img whatsapp Share Show Comments ▼ Tags: NULL KCS-content More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comcenter_img whatsapp Sunday 20 February 2011 10:09 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam THE success of hit US TV show Glee has inspired many high schools and universities to launch show choirs – and now it seems not even London’s financial sector is immune to the lure of a good sing-along. Hence the launch of the Canary Wharf Choir, an open singing group for those that live and work in the shadows of the Docklands’ skyscrapers.Following on the success of the area’s annual Candles and Carols Service, the choir will bring together keen performers for more regular shows, including a series of open-air concerts over the summer. Battling for his place among the male leads will no doubt be John Tripp, an executive director at Morgan Stanley and one of the driving forces behind the choir. As Tripp says: “Over the past few years there has been a burgeoning interest in singing and we’ve seen choirs developing in new and unexpected places, including the workplace.” With no auditions required to join the group, the resulting melodies could prove interesting, but with the inaugural ‘fun-sing’ event on 14 March, budding sopranos should at least have plenty of time to practice. GOING UNDERGROUNDThe Old London Underground Company has already got Boris Johnson on its side – a “rash promise” from the Mayor means that entrepreneur Ajit Chambers has scored a meeting with Tfl reps to discuss converting 26 disused tube stations into “tourist attractions and business venues”. Now Chambers is on the hunt for investors, and he’s aiming high. A marketing email from Chambers calls for help establishing “a hedge fund that can be floated worldwide to bring in investment”. With promises that the scheme will make £40m for Londoners, it looks like he’s after a pretty impressive set of figures to take before the transport officials next week. THE SOUND OF MUSIC COMES TO THE WHARF last_img read more

Petra upbeat on diamond sales

first_img Show Comments ▼ Share whatsapp whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org KCS-content Petra upbeat on diamond sales Monday 21 February 2011 7:49 pm Petra Diamonds said it was positive for its full-year due to strong demand for rough diamonds as it posted in-line $24.5m (£15.1m) profits for the six months to the end of December yesterday. The Aim-listed company said the diamond market continued to strengthen in 2011 and that it saw the average underlying price for its rough diamonds rising six to eight per cent at an auction this month. Tags: NULLlast_img read more

Greece’s top tax official resigns

first_img whatsapp alison.lock Tags: NULL whatsapp Show Comments ▼ Greece’s top tax official resigns Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrapcenter_img Share Wednesday 9 March 2011 2:25 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today Greece’s top tax official resigned on Wednesday two days after Moody’s slashed the country’s credit rating, citing shortfalls in tax collection.A government spokesman said that Dimitris Georgakopoulos, secretary-general at the Finance Ministry in charge of tax and customs issues, left his post.“He resigned for personal reasons,” government spokesman George Petalotis told Reuters, without elaborating.Tax collection is a weak point in Greece’s efforts to reduce its deficit as part of an €110bn (£94.8bn) EU/IMF bailout to avoid bankruptcy.The country missed its revenue targets last year and risks missing them again in 2011, the EU and the IMF said, urging the government to do more against tax dodgers.Moody’s on Monday cut Greece’s rating by three notches, citing among other reasons continued flaws in Greece’s tax collecting mechanism.“Government revenues have been slow to rebound, which is in part the result of a continued weakness in tax collection mechanisms,” the agency said.Greece has rejected the agency’s criticism, saying that initial targets may have been missed but tax revenues actually rose last year, despite the country’s austerity-fuelled recession. last_img read more