Golubkov did not say how many staff will be cut and how much
money it will save.Societe Generale said last month it would cut costs and sell
assets to free up 4 billion euros ($5.5 billion) in fresh
capital in a bid to fight volatility on financial markets.
More than a month after the most destructive wildfire in Texas history burned 34,000 acres, destroyed 1,600 homes and killed two people, Bastrop State Park is filled with the sound of stump grinders and the sight of charred trees.The executive director of the Texas Parks and Wildlife Department said on Thursday that the state was committed to repairing a place where families have long come to walk among the stately pine trees.”The sense of place that has always been here for generations will be restored,” Carter Smith, the executive director, said at a press conference at the still-closed park east of Austin.”We will rise again; this park will rise again,” said Tom Boggus, director of the Texas Forest Service.It will be an enormous task. Some 1.5 million trees are expected to be lost in the park and elsewhere in Bastrop County, where officials are working to clear brush and residents are making tough decisions about whether to rebuild.New Mexico and Arizona have had significant wildfire activity, but no state has seen more acres burn this year than Texas, according to the Idaho-based National Interagency Fire Center.Since wildfire season began last November, more than 3.8 million acres have burned in the Lone Star State, the Texas Forest Service said. Some 14,000 people have come to help fight Texas wildfires this year, Boggus said.A record-breaking drought, the La Nina weather pattern and abundant fuel such as grass created “kind of a perfect storm for this year,” Tom Spencer, head of the predictive services department at the Forest Service, told Reuters.Fire season is not over. Though there have been some recent rains, and some counties have started lifting burn bans, the Texas Forest Service warned on Thursday that wildfires remained a potential threat.”Even with the rains, folks, we’re not out of this,” Boggus said. “Texas is not out of this by a long shot.”HOPES FOR DECEMBER REOPENINGThe Labor Day weekend fire reached 95 percent of Bastrop State Park, though firefighters managed to save its 1930s-era sandstone cabins. Park officials, hoping to reopen by December 1, are working to remove hazardous trees, clean up hiking trails and control erosion.On Thursday, park superintendent Todd McClanahan led a media tour to an area where fire had raced up the hillside, throwing embers that destroyed the roof of a scenic overlook.Standing near trees that were either completely blackened or had brown tops, he said they would have to come down, and that visitors would no longer be greeted by a tunnel of pines.That’s a blow to a park that advertises to potential visitors that they can “stay in one of the beautiful rustic cabins or pitch a tent on a soft floor of pine needles, under the shade of the lofty trees overhead.”The park is special to area residents such as David Braley, 47, whose his son Trace built a cedar canopy over a picnic table area for his Eagle Scout project two years ago.”A lot of boys spent a lot of hours on that,” Braley told Reuters. “We made it to last.”Braley said he didn’t know whether the canopy survived. McClanahan said that it did.Texas officials said state parks have been hurt financially by the fact that fewer visitors came during what turned out to be the hottest Texas summer on record.State officials announced an $850,000 donation from the Dallas-based Meadows Foundation to agencies working on recovery efforts. On October 17, George Strait, the Dixie Chicks and Willie Nelson are among those due to play at a benefit concert in Austin for Central Texas wildfire relief.Braley, a welder who is president of the property owners association in his neighborhood, said about 250 of 1,400 homes in his community were lost. Embers destroyed some of his landscaping, but his house didn’t burn.He said some of his neighbors had decided to move away but most were planning to rebuild.”The Texas spirit is still there,” he said. “Even though we’ve lost our natural asset, the towering pine trees, people still want to come back.”
Borrower European Investment Bank (EIB)Issue Amount 750 million Norwegian crownMaturity Date October 02, 2017Coupon 5.25 pctIssue price 110.275Reoffer price 108.675Reoffer Yield 3.604 pctPayment Date October 19, 2011Lead Manager(s) DnB NOR MarketsRatings Aaa (Moody’s), AAA (S&P),AAA (Fitch)Listing LuxFull fees 1.875 pct ( 0.275 pct M&U, 1.6 pct Selling)Denoms (K) 500Governing Law EnglishNotes Launched under issuer’s dedt issuanceprogrammeThe issue size will total 4.0 billionNorwegian crown when fungibleISIN XS0390511508Security details and RIC, when available, will beonCustomers can right-click on the code forperformance analysis of this new issueFor ratings information, double click onFor all bonds data, double click onFor Top international bonds newsFor news about this issuer, double click on the issuer RIC,where assigned, and hit the newskey (F9 on Reuters terminals)Data supplied by International Insider.
(Egyptian Coptic Christians carry coffins as they make their way to Abassaiya Cathedral during a mass funeral for victims of sectarian clashes with soldiers and riot police, after a protest about an attack on a church in southern Egypt, in Cairo October 10, 2011/Mohamed Abd El-Ghany)
* Revenue up 27 pct from Q1 2010* New business inflows at 0.68 bln stgLONDON, Oct 13 (Reuters) - British investment manager
Hargreaves Lansdown continued to attract new money
during its first quarter against a backdrop of falling markets
while warning clients have started “delaying” making
investments.Net new business inflows of assets during the three months
to September 30 were up 24 percent from a year earlier at 680
million pounds ($1.072 billion), the company said in a
statement.However, the total value of assets under administration fell
9 percent during the quarter to 22.3 billion pounds, attributed
to falling stock markets.The company warned market weakness and fears about a
possible return of recession is hitting investor sentiment,
however.”In September we have seen clients and potential clients may
be delaying their investment decisions,” Chief Executive Ian
Gorham said.Economic uncertainty related to Europe’s debt crisis and the
possibility of a double dip recession is likely to continue to
constrain client appetite for investing, he added.”It is increasingly likely the retail investor will feel
they need more pounds in their pocket and may continue to defer
new investment decisions,” he said.
