India is one of the profitable markets for us Group CEO Air

India is one of the profitable markets for us Group CEO Air

first_imgKathryn Kannampuzha / MumbaiAir Arabia organised a roundtable conference for media with Adel Abdullah Ali, Group Chief Executive Officer, Air Arabia earlier this month at Hyatt Regency, Mumbai. Ali gave an overview of Air Arabia with reference to the Indian market.Middle East and North Africa’s first and largest low-cost carrier, Air Arabia has had a successful 15 long years of operations so far. “When we started low-cost carrier 15 years ago, it was considered a bad idea. But, today it has turned out to be one of the best products in India,” asserted Ali.Started operation in 2005 in India, Air Arabia has grown from two aircraft to 50 aircraft. It flies 13 cities in India today, namely Jaipur, Kochi, Nagpur, Coimbatore, Thiruvananthapuram, Goa, Kozhikode, Hyderabad, New Delhi, Mumbai, Bangalore, Ahmedabad, and Chennai.Talking about the significance of Indian market, Ali said, “India is one of the largest markets for UAE. India is a huge country with great potential. All the routes for Air Arabia in India are profitable.”Mumbai, Delhi and Kochi are the Indian cities where Air Arabia flights get easily booked, revealed Ali.He also highlighted that Air Arabia had 30% profit growth in 2017 compared to 2016.Air Arabia’s main hub is Sharjah, followed by Ras al-Khaimah, Egypt, Jordan and Morocco.last_img read more

Texas Lenders Top Officers Honored

Texas Lenders Top Officers Honored

first_img Share in Origination, Servicing Texas Lender’s Top Officers Honored July 20, 2011 451 Views center_img Texas company “”Guardian Mortgage Lenders””:http://www.guardianmortgageonline.com/ has been honored in its home state for the second consecutive year. Four of Guardian’s originators were recently named among top mortgage professionals in “”_D Magazine’s_””:http://www.dmagazine.com/ annual list. [IMAGE][COLUMN_BREAK]Loan officers “”Lynn Hood””:http://www.lynnhood.com, “”Rick Hodges””:http://www.rickhodges.com, “”Marcus McCue””:http://www.marcusmccue.com, and “”David Stout””:http://www.davidstout.com ranked in the publication’s standings, which are nominated and judged by a panel comprised of “”_D Magazine_””:http://www.dmagazine.com/ Top DFW Realtors and other residential real estate professionals in the region. Of the originators appointed to the Elite Group, as the admirable list is called, Marcia Phillips, Guardian’s CEO, said in a statement, “”Our seasoned team was nominated for innovative thinking and helping their clients achieve their short and long-term finance goals. Our clients’ enthusiastic referrals to friends and family are a testament to the years of outstanding service received from our loan officers.””Guardian is based in Richardson, Texas, and the 46-year-old independently-owned company boasts almost $2 billion in its servicing portfolio. In addition to its three Texas offices, Guardian also has offices in Grand Blanc, Michigan. Agents & Brokers Lenders & Servicers Mortgage Applications Movers & Shakers Processing Realtor Association Service Providers 2011-07-20 Abby Gregorylast_img read more

FOMCs November Minutes Reflect Euro Crisis Concerns

FOMCs November Minutes Reflect Euro Crisis Concerns

first_img With the euro zone crisis deepening, members of the Federal Open Market Committee (FOMC) elected to stay the course in November by keeping interest rates historically low and pooling investments from agency debt into agency mortgage-backed securities. [IMAGE]The “”Federal Reserve””::http://www.federalreserve.gov/default.htm released “”minutes””:http://www.federalreserve.gov/newsevents/press/monetary/20120103a.htm Tuesday that showed most members concurring, absent one, with the need to toe the line in tandem with recent policies.Chicago Fed chief Charles Evans once more dissented from other FOMC members in arguing for “”additional policy accommodation”” capable of supplying the economy with new stimulus.The FOMC went with past decisions by agreeing to continue reinvesting agency debt in agency mortgage-backed securities. Minutes from the November meeting show that members also wanted to keep interest rates at 0 percent.Minutes framed discussions around concerns about weakening [COLUMN_BREAK]confidence in the markets as a result of any potential default by euro zone nations, even while the U.S. economy signaled that it would continue climbing out of the financial crisis.””Strains in global financial markets continue to pose significant downside risks to the economic outlook,”” the FOMC said.A series of events helped rattle financial markets in late 2011 as it appeared less likely that debt-saddled countries like Greece would pay their public debts.European Union member states coupled debt write-offs worth trillions of euros with strict austerity measures that led to ousters for the prime ministers from Greece and Italy, leading experts to speculate that the euro could fall apart ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô and destabilize a still-settling recovery for the U.S. economy in the process.To prevent any further problems, five central banks from around the world, including the Fed, coordinated a campaign that significantly eased currency exchange swaps to make borrowing on the U.S. dollar easier.Despite growing concern about the euro, minutes reflect that FOMC members expect “”a moderate pace of economic growth over coming quarters and consequently anticipates that the unemployment rate will decline only gradually toward levels”” lower than 9 percent seen in November.And how would the FOMC elect to deploy monetary and fiscal policies by the next meeting?Members agreed that as circumstances change it would “”employ its tools to promote a stronger economic recovery in a context of price stability.”” Share Fed,FOMC’s November Minutes Reflect Euro Crisis Concerns January 3, 2012 417 Views center_img Agency Debt Agents & Brokers Debt Crisis Euro European Union Federal Reserve Inflation Jobs Lenders & Servicers Mortgage Bonds Mortgage-Backed Securities Processing Service Providers Unemployment 2012-01-03 Ryan Schuette in Data, Government, Origination, Secondary Market, Servicinglast_img read more

New Home Sales Fell Slightly in January

New Home Sales Fell Slightly in January

first_img February 24, 2012 408 Views in Data, Government, Origination, Secondary Market, Servicing Share New home sales fell 0.9 percent in January, declining from 324,000 in December to a seasonally adjusted annual rate of 321,000.[IMAGE]The “”Commerce Department””:http://www.commerce.gov/ found that the new home sales from January reflected a 3.5-percent increase year-over-year, up from a seasonally adjusted annual rate of 310,000.””The new homes market is finally benefitting from the recent improvement in housing demand,”” “”Paul Dales””:http://www.capitaleconomics.com/staff/global-economics/paul-dales.html, a senior U.S. economist with consultancy “”Capital Economics””:http://www.capitaleconomics.com/, said in a note. [COLUMN_BREAK]””But with new homes only available at an extremely high premium relative to existing homes, the recovery in new sales will be more muted than for existing sales,”” he added.He advised readers not to look too much into the month-over-month decline in January, attributing it to revised estimates from December. He also cited “”unseasonably warm winter weather”” as one reason why new home sales went up in certain regions.Sales in the Northeast accordingly leapt forward by 11.1 percent from December but fell 39.4 percent from January last year.The South boasted still-strong numbers on either basis, up 9.3 percent month-over-month and 15.3 percent year-over-year.Roughly 24.5 percent fewer homes went for sale in the Midwest last month than in December, an 11.9-percent loss from January last year.In the West, new home sales rose 5.6 percent from January last year but declined 10.6 percent month-over-month.The Commerce Department fielded a median sales price of $217,100 for new homes sold in January 2012, with an average sales price of $261,600.center_img New Home Sales Fell Slightly in January Agents & Brokers Capital Economics Census Bureau Department of Commerce Existing-Home Sales Home Sales Investors Lenders & Servicers Processing Service Providers 2012-02-24 Ryan Schuettelast_img read more

Mortgagebot Survey Reveals Advantages for Community Lenders

Mortgagebot Survey Reveals Advantages for Community Lenders

first_img Share Mortgagebot Survey Reveals Advantages for Community Lenders A new survey from “”Mortgagebot””:https://www.mortgagebot.com/ includes promising findings for community-based lenders hoping to increase their market share. The technology company’s recent report shows that upticks in visibility and accessibility via online channels can help level the playing field for smaller lenders competing with the nation’s big banks.[IMAGE]Matt Cotter, Mortgagebot’s senior vice president of sales and marketing, spoke out on the services provided by the company’s PowerSite platform, which Cotter believes can create the technological and web-based advantages sought by community lenders.[COLUMN_BREAK]””Community banks and credit unions are embracing it for competitive reasons-increasing name recognition, widening the client and member base and creating more accessibility to their products. In growing online loan volume through a solution that offers affordable scalability, they capture an audience they otherwise would have difficulty marketing to,”” stated Cotter.Mortgagebot’s study revealed specific strategies that are enabling the company’s clients to capitalize on market share including generating better borrower-facing accessibility online, targeting new customers through an online approach that is tailored to a particular demographic, and protecting the bottom line through the use of cost-effective “”virtual branches.”” Additionally, Mortgagebot’s analysis showed that saving time on loan-processing and extending efforts directed at borrower convenience can assist lenders in growing their productivity. Debra Edwards, president of Mortgagebot client “”Paper City Savings Association””:www.papercitysavings.com/, said of the options available through PowerSite, “”Paper City Savings has noticed a definite increase in borrowers coming to us to refinance loans from other lenders. Certainly, the added business comes from our accessible online presence and easy application process.””We’ve stepped up our competitive edge by showing realtor offices how easy it is to use the website. It places us at an even level with big lenders,”” Edwards added. June 29, 2012 445 Views center_img in Data, Government, Origination, Secondary Market, Servicing, Technology Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-06-29 Abby Gregorylast_img read more

Guild Mortgage Opens First Arkansas Branch

Guild Mortgage Opens First Arkansas Branch

first_img April 25, 2014 451 Views Guild Mortgage Company announced a new addition to its more than 200-branch network with the opening of its first office in the state of Arkansas.According to the company, the expansion into the Natural State—now the 20th state to house a Guild Mortgage office—represents another step in its plan for growth in the South and Southeast. For its first location in the state, the firm selected the town of Harrison.“Guild studied the Harrison region and their leadership team is optimistic about our economy and the housing market,” explained newly named branch manager James “Mat” Fowler.Fowler has more than 13 years of mortgage lending experience and who previously owned and managed a mortgage company.“I am pleased to be able to offer borrowers the dedication to customer service and wide range of products available through Guild,” he added. “They have developed innovative technology and approaches to customer service to speed the borrowing process.” Share Guild Mortgage Opens First Arkansas Branchcenter_img Company News Guild Mortgage Company 2014-04-25 Tory Barringer in Headlines, News, Originationlast_img read more

FGMC Appoints National TPO Sales Director

FGMC Appoints National TPO Sales Director

first_img in Headlines, News FGMC Appoints National TPO Sales Director March 1, 2016 555 Views First Guaranty Mortgage Corp National TPO Sales Director 2016-03-01 Staff Writercenter_img Tom DavisFirst Guaranty Mortgage Corporation (FGMC), a Virginia Corporation, providing residential mortgage lending services for over 25 years, has appointed correspondent lending sales veteran, Tom Davis to be its National TPO Sales Director.“Tom is an accomplished, highly recognized, charismatic TPO sales executive that brings to FGMC exceptional product knowledge, industry knowhow and demonstrated/proven sales experience,” said Andrew Peters, CEODavis brings 15 years’ mortgage industry experience to First Guaranty. Prior to joining FGMC, he was Division VP–Correspondent Sales, Finance of America Mortgage LLC, a Blackstone Company, and Correspondent Rural Housing Account Executive, Chase (JPMorgan Chase & Co.).  During his tenure at Chase, Davis sourced and procured more than $5 billion in USDA Guaranteed Rural Housing loans.Tom Davis received his Bachelor of Science and Business Administration degrees from Florida Atlantic University in Boca Raton, Florida.Providing residential mortgage lending services for over 25 years, First Guaranty Mortgage Corporation (FGMC), today offers correspondent, wholesale, and retail origination channels. Together with First Guaranty’s Capital Markets and Warehouse Lending Divisions, FGMC provides a full spectrum of lending products and services throughout the 47 states and the District of Columbia, where licenses are held. Sharelast_img read more

Ocwen Announces New Chair of the Board of Directors Independent Director

Ocwen Announces New Chair of the Board of Directors Independent Director

first_img March 1, 2016 442 Views Ocwen Announces New Chair of the Board of Directors, Independent Director Board of Directors Ocwen Financial Services 2016-03-01 Staff Writer Ocwen Financial Corp., a financial services holding company, recently announced  that current independent director Phyllis R. Caldwell will replace Barry N. Wish as Chair of the Company’s Board of Directors, effective March 15, 2016.The Board of Directors made this change to provide for a smooth and orderly transition after Wish informed the Board that he did not wish to stand for re-election at the Company’s annual shareholder meeting in May 2016. In addition, William H. Lacy, a member of the Board of Directors since 2002, informed the Board that he does not wish to stand for re-election at the Company’s 2016 annual shareholder meeting.Caldwell joined Ocwen’s Board of Directors in January 2015, and has provided significant insight and guidance on the strategic and operational direction of the company. A finance and economic development advisor, Caldwell previously served as Chief of the Homeownership Preservation Office at the U.S. Department of the Treasury where she was responsible for oversight of the U.S. housing market stabilization, economic recovery, and foreclosure prevention initiatives established through the Troubled Asset Relief Program (TARP).Caldwell is currently the Chair of the Independent Review Committee of Ocwen’s Board of Directors and a member of the Nomination/Governance Committee, Compliance Committee and Executive Committee.“Serving on Ocwen’s Board of Directors has been a pleasure and honor,” said Barry Wish, outgoing Non-Executive Chair of Ocwen’s Board of Directors. “I am extremely pleased that Phyllis will be assuming this leadership role at such an important time for the company. Phyllis’ character, deep experience in the housing and mortgage markets, and commitment to borrowers and communities makes her the right choice to move Ocwen forward and emerge as a stronger company with the highest standards in our industry.”The Board of Directors also appointed Carol J. Galante as a new independent director effective as of the day following the filing of Ocwen’s Form 10-K with the SEC. Galante, former FHA Commissioner and currently the I. Donald Terner Distinguished Professor in Affordable Housing and Urban Policy at UC Berkeley, will join Jacques J. Busquet, former Chief Risk Officer and Managing Director of Natixis North America LLC, as the company’s newest independent directors. Busquet joined the Board of Directors in January 2016.“We thank both Barry Wish and Bill Lacy for their many years of leadership and service” said Ronald Faris, President and CEO of Ocwen. “While both Barry’s and Bill’s leadership and expertise will be greatly missed, we look forward to the company’s next chapter under our new Chair Phyllis Caldwell. I have worked closely with Phyllis over the last year, and she has an ideal blend of experience and knowledge of the mortgage and housing sectors as well as a keen focus on best practices for corporate governance.”“We are also very excited to announce the appointment of Carol Galante to our Board of Directors. We are confident that Carol’s housing, mortgage and policy expertise will contribute to meeting our long-term goals and serve the interests of all our stakeholders,” Faris added.Following the appointment of Galante, Ocwen’s Board will consist of nine independent directors along with Faris. Wish and Lacy intend to continue to serve as directors until the company’s annual shareholder meeting.center_img in Headlines, News, Servicing Sharelast_img read more

Limited Inventory Causes Pending Home Sales to Drop

Limited Inventory Causes Pending Home Sales to Drop

first_img Pending home sales in January dipped to their lowest level in a year, according to the National Association of Realtors (NAR). This is deemed to be the result of limited inventory.In January, prospective homeowners faced numerous obstacles in their quest to buy a home, Lawrence Yun, NAR chief economist said. “The significant shortage of listings last month along with deteriorating affordability as the result of higher home prices and mortgage rates kept many would-be buyers at bay,” he said.This month, available homes are selling at a much faster rate than a year ago, he said. “Buyer traffic is easily outpacing seller traffic in several metro areas, In the West, it’s not uncommon to see a home come off the market within a month.”Yun’s comments are based on the Pending Home Sales Index, a forward-looking indicator based on contract signings. A sale is listed as pending when the contract has been signed, but the transaction has not closed, though the sale usually is finalized within one or two months of signing.This index shows that signings decreased 2.8 percent to 106.4 in January from an upwardly revised 109.5 in December 2016. Although last month’s index reading is 0.4 percent above last January, it is the lowest since then.Although interest in buying a home is the highest it has been since the Great Recession and home shoppers are feeling more confident about their financial situation, they are dealing with challenging supply shortages in many areas, resulting in higher prices. However, Yun pointed out that since job growth is strong in most of the country and the stock market has seen record gains in recent months, he thinks that these factors bode favorably for increased sales in coming months,”January’s accelerated price appreciation  is concerning because it’s more than double the pace of income growth, and mortgage rates are up considerably from six months ago,” Yun said. “Especially in the most expensive markets, prospective buyers will feel this squeeze to their budget and will likely have to come up with additional savings or compromise on home size or location.”Existing-home sales are forecast to be around 5.57 million this year, an increase of 2.2 percent from 2016 (5.45 million). The national median existing-home price this year is expected to increase around 4 percent. In 2016, existing sales increased 3.8 percent and prices rose 5.1 percent.”Sales got off to a fantastic start in January, but last month’s retreat in contract signings indicates that activity will likely be choppy in coming months as buyers compete for the meager number of listings in their price range,” Yun added.The PHSI in the Northeast rose 2.3 percent to 98.7 in January, and is now 3.6 percent above a year ago. In the Midwest, the index fell 5.0 percent to 99.5 in January and is now 3.8 percent lower than in January 2016.Pending home sales in the South inched higher (0.4 percent) to an index of 122.5 in January and are now 2.0 percent above last January. The index in the West dropped 9.8 percent in January to 94.6 and is now 0.4 percent lower than a year ago. February 27, 2017 530 Views in Headlines, Media, News Limited Inventory Causes Pending Home Sales to Dropcenter_img Share Lawrence Yun National Association of Realtors Pending Home Sales Index themreport 2017-02-27 Staff Writerlast_img read more

Priority Number One Harvey Survivors

Priority Number One Harvey Survivors

first_img Share The U.S. Department of Housing and Urban Development (HUD) released short, intermediate, and long-term efforts that are currently underway for Hurricane Harvey survivors.As HUD continues to keep the lives and safety of all those affected by the devastation as its first priority, the Federal Department Emergency Management Agency (FEMA) and other federal, state, local, and tribal partners are all beginning to direct efforts towards recovery.According to the release, “as part of FEMA’s comprehensive approach to meet the post-disaster intermediate housing needs caused by Hurricane Harvey, FEMA is considering all available housing options for survivors.”In addition to current services to aid disaster survivors, HUD is implementing several housing activities. The short term includes providing immediate housing for those who are eligible for FEMA assistance, FEMA pays the hotels and motels directly for this.Faith-based agencies such as American Red Cross, AmeriCorps, and other voluntary organizations are helping to clean out flood damage to homes, as well as providing emergency shelter to survivors. HUD is also immediately assisting those displaced from public housing and multifamily subsidized rental units. The FHA via Freddie Mac and Fannie Mae is providing a 90-day moratorium on foreclosures and forbearance on foreclosures.In the long term, HUD will provide FHA insurance to those affected by the immediate aftermath of Hurricane Harvey. Borrowers could receive up to 100 percent financing to rebuild or rebuy.You can read more about all the efforts HUD is taking to aid Harvey victims here. Priority Number One: Harvey Survivors in Daily Dose, Featured, Newscenter_img September 5, 2017 545 Views HOUSING HUD mortgage 2017-09-05 Nicole Caspersonlast_img read more

Mortgage Rates Surge

Mortgage Rates Surge

first_img in Daily Dose, Featured, journal, News, Origination March 27, 2018 691 Views Mortgage Rates Surge Sharecenter_img 15-Year Mortgage 30-year fixed-rate Banks Borrowers Home HOUSING Interest rates Lenders Loan Type loans mortgage Mortgage Rates 2018-03-27 Radhika Ojha Mortgage interest rates on conventional purchase-money mortgages increased in February from the month prior according to data from the Monthly Interest Survey released by the Federal Housing Finance Agency (FHFA). The data indicated that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was up 16 basis points to 4.28 percent for loans closed in late February from 4.12 percent recorded in January.The survey provides monthly information on interest rates, loan terms, and house prices by property type, including new and previously occupied homes; by loan type (fixed- or adjustable-rate); and by lender type that includes savings associations, mortgage companies, and commercial and savings banks. It also provides information on 15-year and 30-year fixed-rate loans. The survey found that the average interest rate on all mortgage loans in February was 4.24 percent, up 14 basis points from 4.10 in January. The average interest rate on conventional, 30-year, fixed-rate mortgages of $453,100 or less was 4.36 percent, up 17 basis points from 4.19 in January.The effective interest rate on all mortgage loans was 4.34 percent in February, up 18 basis points from 4.16 in January, the data indicated. The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage.The survey found that borrowers were also taking larger loans in February with the average loan amount for all loans rising $13,500 to $311,900 in February, from $298,400 in January.While the indices include data for 15-year mortgages and adjustable-rate mortgages, they do not include mortgages guaranteed or insured by either the FHFA or the U.S. Department of Veterans Affairs. The indices also exclude refinancing loans and balloon loans.  last_img read more

The Steady Mortgage Rate Incline

The Steady Mortgage Rate Incline

first_imgThe Steady Mortgage Rate Incline in Daily Dose, Data, Featured, News, Origination Fixed mortgage rates experienced their fourth consecutive week of increase, according to the latest Freddie Mac Primary Mortgage Market Survey.According to Freddie Mac, though rates have increased the housing market is continuing to show signs of strength.Sam Khater, Freddie Mac’s Chief Economist, says, “Despite the recent rise in mortgage rates, both existing and new home sales continue to show strength – indicating the lagged effect of lower rates on housing demand. This, along with improved affordability, should push housing activity higher in the coming months.”Freddie Mac’s data shows that the 30-year fixed-rate mortgage averaged 4.20% with an average 0.5 point for the week ending April 25, 2019, up from the previous week’s 4.17%, and down year over year from 4.58%. The 15-year fixed-rate mortgage averaged 3.64%.“Mortgage rates moved up for the fourth week in a row, yet remain more than a third of a percentage point below year-ago levels,” said Danielle Hale, Chief Economist for realtor.com. “For the typical home on the market today, lower rates mean nearly $50 a month less on a monthly payment compared with last year’s higher rates, when 80 percent of the purchase price is financed. Paradoxically, rising rates may be good for current sellers, as buyers hoping to take advantage of low rates may hurry to find a home and lock their mortgage. Sellers who followed our recommendation to list in April, as opposed to waiting until May, may see an even stronger advantage this year.”As Khater noted, sales are gaining strength despite this week’s rate increase. A report from realtor.com predicts that overall, the housing market in 2019 may be stronger than originally predicted. A higher home price growth of near 3 percent, stronger homes sales and a slower pace of monetary tightening may lead to lower mortgage rates of 4.5 percent by the end of the year.Long term mortgage rates have been brought down to around 4%, due to Fed’s decision to hold out on future rate hikes. Before the Fed’s decision, realtor.com’s data suggested an increase in upward momentum spurred by continued economic growth and monetary policy tightening. Sharecenter_img April 25, 2019 1,597 Views 30-year fixed mortgage Freddie Mac mortgage rates 2019-04-25 Seth Welbornlast_img read more

NA Heatwave thunderstorms to affect grape berry

NA Heatwave thunderstorms to affect grape berry

first_img NA: Heatwave, thunderstorms to affect grape, berry … Apples in Charts: With prices at four-year high, h … You might also be interested in How Amazon sparked change in grocery industry … October 18 , 2018 The University of California has entered into a master agreement with U.K.-based Global Plant Genetics to sublicense new strawberry varieties in selected countries within Europe, the Mediterranean, and South America.The agreement governs the commercialization of new varieties from the UC Davis Public Strawberry Breeding Program.UC has been breeding strawberries since the 1930s and says the program’s aim is to develop new, commercially useful varieties that are higher quality, less vulnerable to pests and diseases and can be more efficiently grown.During the prior six decades, the program developed more than thirty patented varieties. Approximately one billion patented strawberry plants are planted worldwide each year.Strawberries are a top-earning invention for the university. In the fiscal year 2018, UC collected over US$7 million in gross licensing revenue.GPG will work with UC Davis researchers, plant nurseries and fruit producers to test the commercial potential of new strawberry varieties in the specified territories.“I greatly appreciate the effort everyone has put into creating this partnership. The dedicated and professional team at GPG will provide the university with a strong and well-established business for delivering newly developed UC Davis cultivars to several important international markets,” said Professor Steve Knapp, director of the breeding program.Rupert Hargreaves, director of GPG, said that they are excited to be representing the world’s number-one strawberry breeding program.“The quality of plant breeding, access to modern science, huge gene pool and impressive team of people give us confidence that varieties from this program will be at the forefront of international strawberry production for many years to come”, he added.GPG was selected by UC Davis because of the company’s knowledge of the strawberry industry as well as its expertise in plant intellectual property (IP) management.The terms of any individual licenses undertaken under the agreement will be defined once the commercial potential of individual varieties has been determined. The term of the agreement is for ten years. Del Monte forms new product development team …last_img read more

US Trump threatens to raise tariffs on Chinese

US Trump threatens to raise tariffs on Chinese

first_img U.S.: Trump threatens to raise tariffs on Chinese … U.S. President Donald Trump has said that the country’s farmers will reap the benefits from an escalating trade war with China.In a series of Tweets on Tuesday, he said: “Our great Patriot Farmers will be one of the biggest beneficiaries of what is happening now.”If China stops buying American farm products because of tariffs, Trump said, farmers will be compensated. “This money will come from the massive Tariffs being paid to the United States for allowing China, and others, to do business with us. The Farmers have been “forgotten” for many years. Their time is now!” he said…..This money will come from the massive Tariffs being paid to the United States for allowing China, and others, to do business with us. The Farmers have been “forgotten” for many years. Their time is now!— Donald J. Trump (@realDonaldTrump) May 14, 2019 May 14 , 2019 The trade war dispute between the U.S. and China escalated on Friday after Trump raised tariffs on US$200bn of Chinese goods from 10% to 25%. China on Monday announced additional tariffs on US$60bn of U.S. imports.China’s latest round of tariffs, which are due to be implemented on June 1, affect U.S. agricultural exports including frozen peas, frozen spinach and frozen berries. Fresh fruits like cherries, citrus, apples and table grapes are not targeted in this round, but exports have already fallen dramatically since China raised tariffs from 10% to 50% last year.Meanwhile, a representative of the Produce Marketing Association (PMA) last week told FreshFruitPortal.com that the higher U.S. tariffs on Chinese imports will raise input costs for farmers, and have also dampened hopes in the agricultural industry that the trade war could be resolved quickly.One of the most heavily affected U.S. agricultural crops affected by the Chinese tariffs last year were soybeans, with exports having collapsed when the trade war began.“We’ve been understanding during this negotiation process, but we cannot withstand another year in which our most important foreign market continues to slip away and soybean prices are 20 to 25 percent, or even more, below pre-tariff levels,” said John Heisdorffer, chairman of the American Soybean Association (ASA)“The sentiment out in farm country is getting grimmer by the day. Our patience is waning, our finances are suffering, and the stress from months of living with the consequences of these tariffs is mounting.”Trump said on Monday that the U.S. Administration was planning to provide about US$15bn in aid to help U.S. farmers whose products may be targeted with tariffs by China in a deepening trade war.A new aid program would be the second round of assistance for farmers, after the Department of Agriculture’s US$12bn plan last year to compensate for lower prices for farm goods and lost sales stemming from trade disputes with China and other nations.JP Morgan on Tuesday downgraded the stock of Deere, the farm equipment manufacturer, warning that the agriculture sector is “rapidly deteriorating” and that additional farm aid would likely do little to buttress the fortunes of farmers. You might also be interested incenter_img U.S.: Trump’s farm aid favors wealthy growers, rep … U.S. to hit Mexico with tariffs on all imports … Trump moves to scrap trade privilege for India …last_img read more

airport loungeEmiratesSydney Airportvideo

airport loungeEmiratesSydney Airportvideo

first_imgairport loungeEmiratesSydney Airportvideo Welsh Rugby referee, Nigel Owens, features in a series of fun videos filmed at Emirates’ lounge in Sydney.The videos make light of Owens’ role as a referee, stopping departing couples from hugging due to “not releasing” as they say goodbye.Watch video herelast_img

Silversea has introduced zero single supplement fa

first_imgSilversea has introduced zero single supplement fares on 14 thoughtfully curated voyages for new bookings made between 14 – 28 February 2019. Guests travelling solo will incur no fare supplement on select sailings to Australia, Asia, Central and South America, the Caribbean, and other alluring destinations.“These special fares make it easier for solo travellers to discover the advantages offered by our intimate ships,” says Adam Armstrong, Silversea’s Managing Director for Australia and New Zealand. “With welcoming staff, personalised attention, and a strong a sense of community that encourages friendships, our ships provide the perfect settings for our guests to explore the world on their own, accompanied by like-minded travellers.”View and download related images:https://www.dropbox.com/sh/vypqcrl92dvn450/AADyOCSmHg4kE7Am2oWNJQRUa?dl=0*Voyages and special offers are subject to change and may be withdrawn at any time. Terms and conditions apply. For more information, contact your travel professional or Silversea Cruises on +61 2 9255 0600 or 1300 306 872 or visit www.silversea.com Silversealast_img read more

The 5 Takeaways from the Coyotes introduction of

The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories The thrilling playoff battle between the Cardinals and Packers went into overtime on NBC. After Larry Fitzgerald willed Arizona to a 26-20 victory, the audience that stuck around following the most-viewed Saturday NFC Divisional Round game in history got treated to Saturday Night Live.There, Star Wars actor Adam Driver first congratulated the Cardinals for their victory to a smattering of applause, but that wasn’t the only shoutout to Big Red. Soon, Driver was being featured as Cris Collinsworth in a spoof of the very game that had just been played. Derrick Hall satisfied with D-backs’ buying and selling 0 Comments   Share   center_img Former Cardinals kicker Phil Dawson retires The skit even had SNL’s Bobby Moynihan playing Cardinals head coach Bruce Arians.Our only critique: Bruce Arians would be more Bruce Arians if he were wearing his favorite Kangol hat rather than a baseball cap. But such things are minor complaints. – / 40 Grace expects Greinke trade to have emotional impactlast_img read more

The 5 Takeaways from the Coyotes introduction of

The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Top Stories 1 Comments   Share   The Arizona Cardinals signed offensive lineman Zack Golditch on Monday from the Indianapolis Colts practice squad.The Cardinals recently moved offensive lineman John Wetzel to the injured reserve list on Saturday due to a neck injury, opening up a spot for a lineman on the roster.Golditch, 23, went undrafted out of Colorado State in this past NFL Draft. He spent the preseason with the Los Angeles Chargers and was released on Sept. 1. From there, Golditch spent six weeks on the San Francisco 49ers practice squad until he was let go and picked up by the Colts for their practice squad. Golditch started 38 of his 43 games in college, being named to first-team all-conference as a senior last season.A native of Aurora, CO, Golditch was one of the survivors of the movie theater shooting in 2012 for a midnight screening of “The Dark Knight Rises.”In high school at the time, Golditch was shot in the neck and was released from the hospital later that day. Golditch was one of the 70 wounded in the shooting and another 12 were killed. Grace expects Greinke trade to have emotional impact Colorado State offensive lineman Zack Golditch (61) plays against the Air Force during the second half of an NCAA football game Saturday, Oct. 17, 2015, in Fort Collins, Colo., (AP Photo/Jack Dempsey) Former Cardinals kicker Phil Dawson retireslast_img read more

Go back to the enewsletter Silversea Cruises has

first_imgGo back to the e-newsletterSilversea Cruises has expanded its popular Silver Select programme to include 12 additional voyages in 2017.  Originally launched on dozens of worldwide voyages sailing in 2016, the programme enables guests to personalise their voyage with a choice of three savings options: a US$1500 per suite Onboard Spending Credit, a two-category suite upgrade, or 50 per cent off a second suite. For select expedition voyages, Silversea is offering the choice of a two-category suite upgrade or 50 per cent off a second suite.Silver Select is available on new bookings made 1-31 July 2016 for select voyages sailing to the Caribbean, Mediterranean, Asia Pacific, South America, Antarctica, Galápagos, Africa, and the Indian Ocean.“The outstanding value proposition of Silver Select has clearly resonated with travellers, and we’re delighted to expand the promotion to a selection of additional voyages sailing in 2017,” said Andrea Agostini, Silversea’s Chief Operating Officer.Below is a sampling of the 2017 itineraries now offering the Silver Select promotion:Silver Cloud (ocean voyages)South Africa: Depart 4 January 2017 on a 14-day, roundtrip sailing (#1701) from Cape Town with calls in Walvis Bay, Port Elizabeth, East London, Durban, Richards Bay and Mossel Bay.South Africa: Depart 7 February 2017 on a 10-day, roundtrip sailing (#1704) from Cape Town with calls in Port Elizabeth, Maputo, Richards Bay, Durban, and East London.Indian Ocean & Arabia: Depart 17 March 2017 on a 15-day sailing (#1707) from Mahé to Abu Dhabi with calls in Maldives, Cochin, Mubai, Muscat, Fujairah, Dubai, and Sir Bani Yas.Silver Discoverer (expedition voyages)Africa & Indian Ocean: Depart 30 January 2017 on a 12-day sailing (#9703) from Mahe to Colombo with explorations of the Seychelles, Maldives, India and Sri Lanka.Asia Pacific: Depart 23 March 2017 on an 11-day sailing (#9707) from Bali to Broome with explorations of Kodi (Sumba), Komodo’s Loh Liang and Pink Beach, and Savu Island in Indonesia, as well as Wyndham and the Kimberley Coast in Australia.Silver Select is a capacity-controlled programme and subject to availability. The US$1500 per suite Onboard Spending Credit applies regardless of the number of travellers in the suite, and is not available on expedition cruises. The offer of 50 per cent off a second suite allows both single and double occupancy of the second suite, which must be of equal or lesser value and booked on the same voyage as the first suite in conjunction with the booking of the first suite at full fare. Deposit must be made by the same party for both suites.Go back to the e-newsletterlast_img read more

Go back to the enewsletter Hyatt Hotels Corporati

Go back to the enewsletter Hyatt Hotels Corporati

first_imgGo back to the e-newsletterHyatt Hotels Corporation has announced the addition of Hotel SOFIA Barcelona to The Unbound Collection by Hyatt collection, becoming the first Hyatt hotel in Barcelona and third property in Spain. The 465-room hotel is located on the Avenida Diagonal, one of Barcelona’s main avenues in the heart of the city.Originally named after Princess Sofia, wife to the former King of Spain Juan Carlos I, Hotel SOFIA Barcelona has been known to host many dignitaries and heads of state. With the hotel’s rich history paired with its contemporary and luxurious design, Hotel SOFIA Barcelona perfectly meets the brand’s promise of creating story-worthy and unforgettable experiences.“We are thrilled to welcome guests to the first Hyatt hotel in Barcelona,” said Felipe Espinoza, GM of the hotel. “Hotel SOFIA Barcelona has long been a symbol of glamour and luxury in the area. Its rich history and stunning architecture will deliver an unforgettable stay for the modern traveller.”The hotel is home to luxurious suites, five distinct dining options and a live dinner experience where actors, dancers and singers perform nightly. For relaxation, guests can enjoy several leisure facilities including an elegant Mediterranean-inspired spa, the SOFIA Oasis Wellness & Spa and a tropical garden pool.GuestroomsThe hotel’s 465 sophisticated and completely renovated rooms are tastefully designed and all offer access to SOFIA Oasis Wellness & Spa. There are 18 suites guests can choose from including So Suite, which offers a large, open space featuring a living room, in addition to a spectacular bathroom with a bathtub and modern touches. All suites feature views of Barcelona and access to the privileged “As You Wish” services, which include amenities such as a 24-hour butler, welcome gifts, access to the Wish Lounge serving daily cocktails and delicacies and other personalised offerings.Dining and drinkingThe hotel boasts five distinct gastronomic spaces with unique personalities, all of which have been carefully designed by interior designer Jaime Beriestain. IMPAR delivers Mediterranean fusion cuisine, while Sofia Be So is a more intimate restaurant serving traditional local dishes with premium ingredients. For coffee or cocktails, the Sofia Bar offers the perfect spot to rendezvous. And, for a sweet treat, Philosofia is the hotel’s own bakery, where everything is made fresh daily. The hotel also has its own live dining experience, Zuu, where guests can enjoy evening entertainment.WellnessHotel SOFIA Barcelona serves as a luxury oasis, with an abundance of wellness offerings. Guests have the option to relax, be pampered and stay fit within the elegant Mediterranean-inspired spa, the SOFIA Oasis Wellness & Spa, a tropical garden pool and a state-of-the-art fitness centre.Meetings and EventsHotel SOFIA Barcelona features one of the largest meeting spaces in the city, including a convention hall that seats more than 1,000 attendees, as well as 22 multi-purpose meeting rooms distributed over two floors. Featuring natural light and equipped with cutting-edge technology, the venue caters to every request, be that business or pleasure.Hotel SOFIA Barcelona is the third property to open in Europe as part of The Unbound Collection by Hyatt. It joins Hôtel Martinez in Cannes, France and Nish Palas in Istanbul, Turkey.For more information, please visit sofiabarcelona.com/en.Go back to the e-newsletterlast_img read more