Qantas in the red pain zone

first_imgMr Jamieson also said that the airline was facing higher debt because of trying to upgrade its fleet, while higher fuel use reduced cash flow. Qantas has on average reduced the age of its fleet by 7.6 years, which has also added to its debt burden.  This category is applied to companies with plunging cash flow and increasing net debt, the Sydney Morning Herald reported. Moody and Fitch subsidiary Fitch Ratings has put Qantas in its “red pain zone” category. “Virgin Australia … Qantas key competitor has been so aggressive in capacity additions that a structural shift has occurred,” Mr Jamieson said.center_img The label has been applied just as the airline faces higher borrowing costs as a result of credit ratings agency Standard and Poor’s downgrading the airline’s stock to junk status. Fitch analyst Matt Jamieson said that the Qantas and Virgin capacity war was taking its toll on Qantas’ bottom line. Source = ETB News: Tom Nealelast_img read more

Scoot broadens partnership with Virgin

first_imgScoot has announced an expansion of its Australian network in partnership with Virgin Australia, the airlines network in Australia has grown to 11 cities.Guests travelling to Australia on Scoot’s non-stop services to Sydney, Perth, Gold Coast or Melbourne can now buy tickets through to eight additional cities in a single transaction.Scoot chief executive officer Campbell Wilson, said that Australia was Scoot’s first destination and the goal is to continue expanding in the country.“Australia was Scoot’s very first destination and, since launching flight to Sydney in June 2012 we’ve added Gold Coast, Perth and, soon, Melbourne.  Our new partnership with Virgin Australia expands our coverage of Australia yet further, so whether it’s North, South, East or West, Scoot – and Virgin – have Australia covered,” Mr Wilson said.Scoot operates direct flights from Singapore to Sydney, Gold Coast and Perth, guests can now make onward journeys to the following cities with flights operated by Virgin Australia.Source = ETB Travel News: Lewis Wisemanlast_img read more

IHG reports China Outbound tourism potential

first_imgInterContinental Hotels Group (IHG) has partnered with Oxford Economics to publish a comprehensive study into the Chinese travel market.The report reveals the scale of the opportunity for global travel destinations to benefit from shifting patterns in Chinese travel, with Melbourne and the Gold Coast in Australia due to see an uplift.The Future of Chinese Travel report shows that favourable economic and demographic trends shaping the Chinese travel market are set to fuel huge increases in demand for international travel over the next decade.Sydney and Melbourne are named amongst cities with the highest lengths of stay compared to other long-haul city destinations in the Asia-Pacific region.By 2023, it is projected that Chinese arrivals in Australian cities will increase dramatically, with Melbourne set to increase by 109 per cent, Sydney is set to increase by 98 per cent, and also a 90 per cent increase in Brisbane and 86 per cent increase in the Gold Coast.IHG chief executive officer Richard Solomons, said this is a ground-breaking piece of research, which demonstrates the sheer scale of the ‘China outbound’ opportunity.“Chinese households able to take long-haul trips by 2023, the country’s growing importance in the global travel market cannot be underestimated. With 30 years of experience in China, the recent launch of our new Chinese brand, HUALUXE Hotels and Restaurants, and the roll-out of our China Ready programme, IHG is well-placed to meet this growing demand,” Mr Solomons said.Tourism Australia managing director John O’Sullivan, said having a clear China strategy was critical if the Australian tourism industry was to fully leverage the projected increase.“China now represents Australia’s second largest and most valuable inbound tourism market, already worth more than A$5 billion a year and with the potential to reach more than S13 billion by the end of the decade,” Mr O’Sullivan said.“With so many other countries now competing so fiercely for the market, we can’t afford to take success for granted. This means understanding what Chinese travellers are looking for in an overseas holiday and developing our tourism experiences to better fit their needs and expectations.”Source = ETB Travel News: Lewis Wisemanlast_img read more

IHG enters Tasmania

first_imgInterContinental Hotels Group (IHG) has signed a management agreement with Tasmania-based hospitality company, The Kalis Group, for a new Crowne Plaza hotel in Hobart.The 187-room Crowne Plaza Hobart is IHG’s first endeavour into Tasmania and it will be part of the ICON Complex, a mixed-use development by The Kalis Group.Located in the city’s central business district, the hotel’s close proximity to major government and commercial offices will be a draw for business guests.Crowne Plaza Hobart will feature a range of business and meetings facilities including a ballroom, meeting rooms, boardroom and 24-hour business centre.IHG chief operating officer Australasia, Japan, Korea & Asia, Middle East and Africa Karin Sheppard, said in expanding into new markets IHG always look to work with Owners who understand the destination.“We are delighted to be establishing our presence in yet another key Australian city with The Kalis Group. Hobart is thriving and tourism is a key part of that. The location and facilities of the new Crowne Plaza Hobart will make it a great choice for both business and leisure guests when it opens in 2017,” Ms Sheppard said.Crowne Plaza is one of the fastest growing hotel brands in the world with over 400 hotels in more than 65 countries worldwide, including 69 hotels across the Asia, Middle East and Africa region.There are currently 9 Crowne Plaza hotels open across Australia, and IHG currently has a total of 24 hotels in Australia across three brands.Source = ETB Travel News: Lewis Wisemanlast_img read more

SeaLink acquires major iconic tourism attraction

first_imgSource = SeaLink Travel Group SeaLink acquires major iconic tourism attractionSeaLink acquires major iconic tourism attractionSeaLink Travel Group (SeaLink) today announced that it has entered into a landmark agreement to acquire the assets and operations of Kingfisher Bay Resort Group (“KBRG”), centred on the World Heritage-listed Fraser Island, 300 kilometres north of Brisbane in Queensland.The acquisition includes the two island resorts; Kingfisher Bay Resort and Eurong Beach Resort, Fraser Explorer Tours and the Fraser Island Ferry business operating from Hervey Bay to the Western side of Fraser Island.SeaLink Managing Director, Mr Jeff Ellison said, “Fraser Island is one of the most iconic destinations in Australia and is famous throughout the world for its World Heritage listed wonders. Located 15km off Queensland’s coast Fraser Island stretches 123 kms in length, and is the world’s largest sand island.Kingfisher Bay Resort Group is by far the major hospitality, touring and transport operation on Fraser Island, and we are delighted to be taking ownership of this leading tourism business to drive future protection, promotion and growth of the Island.”Kingfisher Bay Resort Group accounts for 90 per cent of accommodation options and the majority of touring experiences on Fraser Island.  The purchase price of $43 million includes land and buildings, plant and equipment, three vehicular ferries, a 30-vehicle touring coach fleet, all contracts, licences, intellectual property and goodwill.SeaLink Chair, Mr Andrew McEvoy said “This exciting new acquisition aligns with our strategy and enhances our position as a major provider of connections to iconic Australian destinations. We are excited about working with the fantastic management and operational team at Kingfisher Bay Resort Group to build on their strong and growing position in the Australian tourism market.”As a further boost for Queensland tourism, following completion of the transaction, SeaLink will open a new business hub in Brisbane to manage and grow its successful Queensland operations, with the strong backing of the Queensland Government.The Queensland Government has welcomed the transaction and the establishment of SeaLink’s business hub in Brisbane.Tourism Industry Development Minister Kate Jones said “Queensland is already the major source of revenue for SeaLink – employing more than 300 people. This acquisition and the decision to establish a business hub in Brisbane is a vote of confidence in Queensland.”“The Palaszczuk Government has built up this industry to be a pillar of Queensland’s economy.The fact that SeaLink is actively looking for opportunities to expand operations in our great state is a sign that we’re well and truly heading in the right direction.” Continues Ms Jones.SeaLink already has significant operations in Queensland, servicing Magnetic Island and Palm Island from Townsville, the LNG Plants on Curtis Island from Gladstone, North Stradbroke Island and the islands of Morton Bay, and will add its new Brisbane office as a second hub to complement its Adelaide headquarters.Kingfisher Bay Resort Group Managing Director, Mr Gary Smith said, ‘It is great to see the iconic Fraser Island businesses being acquired by a progressive Australian company. It is great for the future of the business, for our people and the Queensland Tourism industry.”This acquisition follows SeaLink’s most recent acquisitions of Transit Systems ferry operations in Queensland and Captain Cook Cruises in Perth.last_img read more

New Zealand expects rise in tourists spending by 2023

first_imgAccording to the Ministry of Business, Innovation and Employment, New Zealand will see the rise of foreign tourists’ spending by 2023. The spending by the tourists will rise to NZD14.2 billion (USD 10 billion) by 2023 from NZD 10.6 billion last year.The tourism and travel industry has overtaken dairy as New Zealand’s top foreign exchange earner, boosted by a surge in arrivals from China, which is projected to overtake Australia as the biggest spender by 2024.The short-term slowdown in growth may be partly attributed to the strength of New Zealand’s currency and price sensitivity in the market, the ministry said. Still, the slowdown is expected to be temporary and spending will grow as the age mix of arrivals from China changes and visitors stay longer, it said.The tourism ministry of New Zealand projects that the spending by Chinese visitors will rise to NZD2.82 billion in 2023, which is 35% less than the NZD4.35 billion projected in last year’s report.last_img read more

BoomBust Markets Led Recession Recovery and Now Moderation

first_img Home Prices Rents Trulia 2014-03-10 Krista Franks Brock March 10, 2014 520 Views in Daily Dose, Data, Headlines, News The “boom-and-bust” markets, which led the nation in pre- and post-crisis home price trends, are now at the forefront of a new price trend—a deceleration in home price gains across the nation, according to Trulia. The national real estate company released its Price and Rent Monitors last week, revealing trends in asking prices across the country.Trulia is not the only group to notice the markets that experienced the worst of the recession have been the first to rebound in the recovery: Clear Capital termed the recent recovery a “first in, first out” recovery. However, Trulia is now finding the same markets that led the boom, bust, and recovery are beginning to lead price moderation across the country.Las Vegas, for example, experienced a 61 percent decline in home prices from peak to trough during the recession. Year-over-year in February, the metro posted a 30.3 percent price gain. However, a look at the quarter-over-quarter price change in February reveals a much lower 5.7 percent gain.The trend holds true down the ranks. Oakland, California, follows Las Vegas with the second-highest year-over-year price gain in February—a 24.5 percent jump. Oakland’s home prices also took a strong hit during the recession with a 39 percent drop.However, the metro’s quarterly price change in February is much tamer—a 5.6 percent increase, earning it a sixth-place ranking on the list of highest quarterly gains, according to Trulia.“Grouping metros by their price declines during the bust shows that the price slowdown over the past 10 months has been sharpest in metros where the bust was most severe,” Trulia chief economist Jed Kolko said in the latest report.With price changes in the “boom-and-bust” markets beginning to moderate, Kolko says other markets will begin to make their way onto the top 10 lists for price increases. Already, Cleveland, Ohio, tops the list of quarterly price gains for February—a 6.5 percent gain. The Ohio metro experienced an 18-percent price drop during the crisis compared to Las Vegas’ 61 percent.The national price trend reflects that of the “boom-and-bust” markets, according to Trulia. Home prices increased 10.4 percent over the year in February but just 1.9 percent.Regardless, Kolko is quick to point out, “even with this slowdown in gains, prices are still rising much faster than the historical norm.”At the same time, rents are continuing to accelerate across the nation, according to Trulia. Nationally, rents increased 2.4 percent over the year in February, and the vast majority of the largest rental markets, rents are not only rising but also accelerating. “In 20 of the 25 largest rental markets, February’s increase was larger than the year-over-year rent increase from three months earlier, in November,” according to Trulia.center_img Share ‘Boom-Bust’ Markets Led Recession, Recovery, and Now: Moderationlast_img read more

Poll Surveys Voters on Governments Role in Neighborhood Diversity

first_img June 26, 2015 526 Views Diversification Five Star Institute Neighborhood Rasmussen Reports 2015-06-26 Staff Writer in Daily Dose, Data, Featured, Government, News Diversification is a heavy issue within American neighborhoods, one that many potential voters do not want the government’s help with. Those that make similar salaries tend to flock to one neighborhood, while those that make different salaries are left out of the neighborhood loop, and this appears to be the way many Americans want it to stay.A recent poll from Rasmussen Reports titled “Voters Say No to Government Role in Neighborhood Diversity” found that the majority of American voters’ believe that the government should not get involved in tying different income levels together in an effort to diversify neighborhood across the U.S.The poll questioned 1,000 people who are likely to vote and determined that 83 percent of respondents say it is not the government’s job to diversify neighborhoods in America so that people of different income levels live together, but 8 percent say that it is a role for the government and 9 percent are not sure. An additional 86 percent say that government should not play a role in deciding where people can live, while a small 8 percent says that the government should.With all of this in mind, Rasmussen said that the potential voters are displaying a bit more support for the government than they did two years ago. In 2013, 93 percent of American adults believed the federal government should not play a role in deciding where people can live and 4 percent said that it should.Racial factors also play an equal part in this debate, with 59 percent of respondents revealing that the racial or ethnic makeup of the neighborhood was not important when choosing where to live, Rasmussen reported. On the other hand, 27 percent said it was “not at all” important, while 37 percent indicated that the makeup of the neighborhood is at least “somewhat important,” and 11 percent said that the racial or ethnic makeup is “very important.”On Wednesday, Sarah Burd-Sharp of the Social Science Research Council (SSRC) and Rebecca Rasch of the American Civil Liberties Union (ACLU) released research that identified the growing disparities among blacks and how these issues should be addressed.The research found that all households lost wealth from 2007 to 2009 at the height of the housing bust and recession. However, in 2009, median white household wealth ceased to decrease, while median black household wealth dropped steadily. Black households lost an additional 13 percent of their wealth between 2009 and 2011.”Not only were black homeowners devastated by the housing market collapse, they are now being left behind,” said Rachel Goodman, staff attorney with the ACLU’s Racial Justice Program. “This study makes clear that the devastating impact of the financial crisis on black families’ wealth will continue until policymakers address this pressing issue.”On Tuesday, the Five Star Institute announced the launch of the American Mortgage Diversity Council (AMDC), a member organization comprised of industry leaders and advocates focused on shaping the diversity agenda for the mortgage industry.The AMDC’s goal is to drive results that support the application and promotion of the mortgage industry’s best diversity practices, and advancing solutions that support initiatives outlined by Section 342 of the Dodd-Frank Act–which focuses on minority and inclusion rules that call for greater supply chain diversity and greater diversity in hiring and promoting in the workforce.“This is an industry-wide commitment that will have important and sustainable benefits for our members and mortgage professionals at large,” said Ed Delgado, president and CEO of the Five Star Institute. “Mike’s expertise and industry perspectives are invaluable and necessary as the incoming chairman, we are honored that he has accepted this position.”Click here to view the Rasmussen Reports’ complete poll.center_img Poll Surveys Voters on Government’s Role in Neighborhood Diversity Sharelast_img read more

Freddie Mac Housing Market Still Progressing Despite Obstacles

first_imgFreddie Mac: Housing Market Still Progressing, Despite Obstacles in Daily Dose, Data, Government, Headlines, Market Studies, News Employment numbers and current mortgage payments among buyers are driving the health of the housing markets across the U.S., according to Freddie Mac’s Multi-Indicator Market Index (MiMi).Freddie Mac found that the U.S. housing market continued to stabilize as the MiMi value rose to 82.5 as of November 2015, meaning that the market is on its outer range of stable housing activity.According to the report, the MiMi value is up 0.82 percent month-over-month and 7.23 percent year-over-year. Over the last three months, the MiMi has risen 2.09 percent.The MiMi is up 39 percent from the all-time low recorded in October 2010, but remains far off from the peak of 121.7, the report stated.”We saw another strong year-over-year improvement at 7.23 percent in this month’s MiMi, the best 12-month showing in a year,” said Len Kiefer, Freddie Mac Deputy Chief Economist. “The regional variation of housing activity continues to become more pronounced.”Pushing the MiMi upward are the employment and current mortgage payment indicators in the housing market, which are both in the stable range. Freddie Mac reported that the employment indicator led the index gains with 105.5 points in November 2015, up 0.23 percent from the previous month and 7.43 percent from one year ago. The current on mortgage indicator stood at 84.8 points, down 0.60 percent from last month but up 9.65 percent from last year.Meanwhile, the purchase applications and payment-to-income indicators came in weak for November 2015. The purchase applications indicator rose 1.10 percent from the prior month to 68.7 points and is up 8.71 percent year-over-year. The payment-to-income indicator rose 3.18 percent to 71.1 points and is up 2.85 percent from last year.”We’re still seeing declines in oil-dependent housing markets, whereas the hardest hit metros from the Great Recession continue to see some of the best improvement as they recover,” Kiefer stated. “And at the same time, other markets are seeing even stronger improvement because of robust home sales fueled by strong local economies that remain largely affordable for the typical homebuyer. And in the short-term, we expect homebuyer affordability to remain strong with mortgage rates continuing to look very attractive to prospective homebuyers.”Freddie Mac’s Top 5 States With MiMi Values in the Stable Range:District of Columbia (101)North Dakota (96.5)Hawaii (95.9)Montana (95.7)Utah (93.3)Freddie Mac’s Top 5 Metros With MiMi Values in the Stable Range:Fresno, California (102.9)Austin, Texas (97.5)Honolulu, Hawaii (97.1)Salt Lake City, Utah (96.7)Denver, Colorado (96.5)Click here to view the full report. Freddie Mac Housing Market Multi-Indicator Market Index 2016-01-27 Staff Writercenter_img Share January 27, 2016 511 Views last_img read more

Affordability Concerns Constraining Homeownership

first_img Share Affordability Concerns Constraining Homeownership Bankrate.com Financial Situation homeowners Renters 2016-02-09 Staff Writer February 9, 2016 504 Views center_img Although rents continue to rise at a rapid pace, many non-homeowners are still shying away from the real estate market due to down payment and credit score troubles.Zillow’s Rent Forecast found that rents will flatten in 2016, but will still be unaffordable in most markets. This presents yet another challenge for the aspiring homebuyer on top of rising rates, tightening credit, and flat incomes.Rent appreciation is expected to flatten  over the next 12 months and will slow to an annual rate of 1.1 percent by December 2016. Nationally, the index is forecast to be $1,396 by the end of the year, compared to $1,381 in December 2015.”In general, paying a mortgage is more affordable than renting, and has been for some time. Unfortunately, many current renters aren’t able to realize the savings that come with homeownership because as home values and rents keep rising, it’s getting increasingly difficult to clear the down payment hurdle,” said Dr. Svenja Gudell, Zillow’s Chief Economist.A recent telephone survey from Bankrate and Princeton Survey Research Associates International of 2,002 adults found that 45 percent of non-homeowners say their financial situation is preventing them from purchasing a home because they cannot afford a down payment (29 percent) or their credit score is not good enough (16 percent) to obtain a mortgage loan.The Bankrate report also showed that an additional 35 percent of survey respondents noted that they  out aren’t ready to be homeowners yet.According to the data, 44 percent of millennials don’t want to own a home right now, meaning  they enjoy the mobility of renting and intend to settle down later in life.Bankrate.com’s Mortgage Analyst Crissinda Ponder told MReport that millennials could be counting themselves out of buying right now because “student loan debt is preventing them from saving for a down payment. It could also be that they don’t plan on sticking around the cities in which they currently live. Additionally, millennials are possibly waiting for a major life event, such as starting a family, to push them into homebuying. Our survey shows that 40 percent of non-parents say they just don’t want to own right now, compared with 23 percent of parents.””It’s not surprising that a lot of millennials aren’t interested in home ownership yet. Renting allows them more freedom to move,” said Holden Lewis, Bankrate.com’s Senior Mortgage Analyst. “For people in the prime child-rearing years of 30 to 49, it’s more complicated. A lot of them have income and credit issues that might have roots in the recession.”Bankrate determined that over 4-in-10 middle aged Americans don’t even own a home. Of these non-homeowners, 31 percent said that the down payment is holding them back and 20 percent say that bad credit is the reason.”The first step renters who are interested in homeownership should take is to get educated,” Ponder said. “Buying a home can be a convoluted process, so it’s important to reach out to a trusted source, such as a nonprofit housing counselor. Also, take the time to talk to a mortgage professional. You don’t have to agree to anything to learn where you currently stand financially as a potential borrower. The more you’re able to contribute as a down payment on a home purchase the better, but you don’t have to put 20 percent down.”Click here to view the full report. in Daily Dose, Data, Headlines, News, Originationlast_img read more

The Week Ahead Differing Opinions Between Appraisers Homeowners

first_img Share in Daily Dose, Data, Headlines, Market Studies, News Appraiser Homeowner Quicken Loans 2016-05-08 Staff Writer The Week Ahead: Differing Opinions Between Appraisers, Homeownerscenter_img May 8, 2016 613 Views History has shown that homeowners typically value their homes at a higher price point than appraisers, and as the housing market evolved, these opinions were beginning to inch closer to reaching a point of equilibrium but that has since changed. Will appraiser and homeowners find common ground this week?According to the most recent Home Price Perception Index (HPPI) by Quicken Loans, on a national level, the Index revealed that in March, home values as determined by appraisers were actually 2.17 percent lower than what homeowners expected. That’s a wider gap than in February, when appraised value was just 1.99 lower than the homeowner’s expectation.“The varying HPPI values across the country illustrates the importance of examining the market at the local level,” said Bob Walters, Chief Economist for Quicken Loans. “If homeowners are eyeing that new home being built across town, they could be pleasantly surprised how much their home will sell for—or in some instances their equity may not take them as far as they think—depending on what area of the country they’re in.”Like the HPPI, the HVI showed some distinct differences in regional data. In the Midwest, appraised values saw a 0.69 percent drop, while the West experienced a 1.52 percent increase over the last month. All four regions of the U.S. saw increases at an annual level.“It’s not always easy for homeowners to keep their finger on the pulse of their equity,” Walters said. “This data shows homes have continued to increase in value since the depths experienced after the last recession. Those increases mean far fewer Americans have negative equity in their homes. This increases their mobility and is a positive development for all segments of the housing market.”Here is the lineup for the week:Monday, May 9, 2016Charles Evans Speaks- 5:10 A.M. ESTChicago Federal Reserve Bank President Charles Evans participates in panel at the International Financial Services Forum in London.Tuesday, May 10, 2016Quicken Loans’ Home Price Perception IndexNeel Kashkari Speaks- 1:00 P.M. ESTMinneapolis Federal Reserve Bank President Neel Kashkari will give a speech to the Economic Club of Minnesota.Wednesday, May 11, 2016MBA Mortgage Applications- 7:00 A.M. ESTThursday, May 12, 2016Loretta Mester Speaks- 11:00 A.M. ESTCleveland Federal Reserve Bank President Loretta Mester will speak on monetary policy in Reichenau Island, Germany.Eric Rosengren Speaks- 11:45 A.M. ESTBoston Federal Reserve Bank President Eric Rosengren will speak in Concord, New Hampshire.Esther George Speaks- 2:15 P.M. ESTKansas City Federal Reserve Bank President Esther George speech on the economy, in Albuquerque, New Mexico.Friday, May 13, 2016John Williams Speaks- 6:45 P.M. ESTSan Francisco Federal Reserve Bank President John Williams will give a speech on the economy in Sacramento.last_img read more

Mortgage Applications Slip Again

first_img in Daily Dose, Featured, News, Origination 15-year fixed-rate 30-year fixed-rate applications ARM FHA MBA mortgage Purchase Loans Refinance Loans USDA VA 2018-05-23 Radhika Ojha May 23, 2018 576 Views Mortgage Applications Slip Againcenter_img Mortgage applications declined 2.6 percent from a week earlier on a seasonally adjusted basis according to data from the MBA Weekly Mortgage Applications Survey released on Wednesday. On an unadjusted basis, total loan application volumes decreased by 3 percent from a week earlier, the data indicated.The application volumes for purchase loans decreased 2 percent from the earlier week but were 3 percent higher from the same period in 2017. However, the volumes for refinance loans hit their lowest level since 2000 declining 4 percent over the previous week. The refinance share of mortgage activity also decreased to 35.7 percent of total applications from 35.9 percent the week earlier, according to data. The adjustable-rate mortgage (ARM) share of activity, however, increased to 6.8 percent of total loan applications.When it came to government loans, the FHA and USDA share of total applications remained unchanged from the week earlier at 10.3 percent and 0.8 percent respectively. The share of applications for VA loans decreased to 9.8 percent from 10.3 percent in the prior week.The average contract interest rate increased to its highest level across the board for various loans. Here’s how the rate performed during the week:For 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less), the rate increased to  4.86 percent, its highest level since April 2011, from 4.77 percent in the prior week with the effective rate increasing from the week prior.The rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $453,100) increased to 4.81 percent, its highest level since September 2013, from 4.73 percent. The effective rate also increased from last week.The rate for FHA-backed 30-year fixed-rate mortgages increased to 4.90 percent, its highest level since May 2011, from 4.78 percent even as the effective rate increased from the week prior.The 15-year fixed-rate mortgages rate increased to 4.31 percent, its highest level since February 2011, from 4.20 percent. The effective rate increased from last week.The rate for 5/1 ARMs increased to its highest level in the history of the survey, to 4.12 percent from 4.09 percent. The effective rate remained unchanged from last week. Sharelast_img read more

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first_img You might also be interested in The value of exports rose by 81% to €39.3 million (US$46 million). The most exported products were citrus, cabbages, garlic, onions and bell peppers.The CETA came into force provisionally on September 21, 2017, eliminating duties on 98% of traded products, including fruit and vegetables.Only 2.4% of imported fruits and vegetables in Canada in 2016 came from the EU.When the deal was signed last year, FEPEX was upbeat about the tariff cuts, highlighting Spanish fruit and vegetable exports to Canada were worth €57.2 million (US$68.5 million) last year with a total volume of 43,640MT. August 16 , 2018 ‘New NAFTA’ fails local growers, says Florida Farm … Spanish fruit and vegetable exports to Canada nearly doubled year-on-year in the first five months of 2018 thanks in part to a trade deal signed last year.Industry association FEPEX said the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union had helped boost export volume by 87% to 34,992 metric tons (MT) from January through May.center_img Mexico becomes first nation to ratify trade deal w … Canada’s cherry industry suffers 50% drop in seaso … Canada: With cherry trees in bloom, company foreca … last_img read more

Fresh Del Monte CFO Contreras resigns after more t

first_img Fresh Del Monte CFO Contreras resigns after more t … Del Monte loses in Kenyan land lease suit … He adds that developing the role would help the company better serve its consumer needs, and that it would also help the organization to continue to inspire healthy lifestyles and remain industry innovators through its products.According to Del Monte, this strategic move will benefit its Fresh Produce division as well. Indeed, its creation will grant the sector a strong NPD pipeline.This will prioritize consumer demand within the company through product innovation, it comments.Incorporating this addition under the Del Monte Fresh Produce umbrella will create opportunities for former Mann Packing employees,  it says.Moreover, the company believes it will fortify the internal expertise across its Fresh Produce business.This will ultimately provide a strengthened consumer experience nationwide, it concludes. Del Monte Fresh Produce has created of a new internal group to focus on innovation and development – a unified North America New Product Development (NPD) team.It will also serve to integrate Mann Packing, which it acquired last year, into its ongoing product development processes.As part of this change, Alex McCloskey, director of new product development at Mann Packing, will expand his role. Moving forward, he will oversee not only Mann’s, but also Del Monte’s branded products across North America.McCloskey and his team will be responsible for leading innovation and new development processes. This work will extend to all Del Monte Fresh Produce brands on a national basis, notes the entity.“We are very excited to introduce our New Product Development Team,” says Danny Dumas, senior vice president of sales and product management. July 12 , 2019 center_img FDA inspects Del Monte facility after vegetable tr … U.S.: FDA finds no salmonella outbreak source at D … You might also be interested inlast_img read more

IMAGE Historic image of traditional Maori Ta Moko

first_imgIMAGE: Historic image of traditional Maori Ta Moko/maori.comHaving just picked up a well deserved accolade for diversity and inclusion, it should come as no surprise to learn that Air New Zealand has announced changes that will see all employees, including uniformed staff, able to proudly display their non-offensive tattoos at work.From 1 September all new and existing Air New Zealand employees will be able to have Tā Moko (traditional Maori tattoos) and non-offensive tattoos visible when wearing their uniform or normal business attire.Air New Zealand Chief Executive Officer Christopher Luxon says the airline is committed to building a diverse and inclusive workplace that truly reflects the makeup of Aotearoa.“I’m extremely proud to be making this announcement. It reinforces our position at the forefront of the airline industry in embracing diversity and enabling employees to express individuality or cultural heritage.“We felt it was important that this change apply equally to all Air New Zealanders. We want to liberate all our staff including uniform wearers such as cabin crew, pilots and airport customer service teams who will, for the first time, be able to have non-offensive tattoos visible when wearing their uniforms.“In conversations we’ve had with customers and our own people domestically and overseas in the past five months, it’s clear that there is growing acceptance of tattoos in New Zealand, particularly as a means of cultural and individual expression. Research indicates one in five adult New Zealanders has at least one tattoo, with more than 35 percent of under 30s tattooed.”The changes follow five months of extensive research with Air New Zealand customers and employees. Air New Zealandairlinestattooslast_img read more

Nevada officials reach out to Dbacks on potential

first_img Nevada officials reach out to D-backs on potential relocation That move still haunts the team to this day, and they didnot let history repeat itself Thursday night. However, as great as the addition of Floyd will be for theteam, the second thing the move does will have even largerramifications for the Arizona Cardinals.In a way, head coach Ken Whisenhunt spelled it out whenexplaining the pick.“It gives us another target, which we think will help takepressure off the quarterback,” he said of Floyd. By taking more pressure off the quarterback the Cardinalsare actually putting more on him.You’re up, Kevin Kolb.The Cardinals now boast an embarrassment of riches at theskill positions on offense, with enough playmakers to helpeven the most average of QBs look good. Larry Fitzgerald. Beanie Wells. Ryan Williams. MichaelFloyd. Todd Heap. Rob Housler. Early Doucet. AndreRoberts. Every one of these players has shown big-play ability.Every one of these players stands to play key roles forthe Arizona Cardinals in 2012. Neither one of theseplayers is an offensive lineman, sure, but the team willmost definitely address that spot later in the draft.By drafting a playmaker like Floyd with their first-rounder, the Cardinals showed they hope to replicate thesuccess they had through the air in 2008 and 2009. And, ifnot that, at least get back to being one of the league’sbetter passing attacks. Yes, you can take Kurt Warner out of the offense, but youapparently cannot take the offense out of the ArizonaCardinals. “When you really look at it, you’ve got a player that canchange field position pretty quickly,” Whisenhunt said.“And when you couple that with the guys that we alreadyhave – Larry, Andre and Early – we feel like it gives us avery good receiving core.”Indeed, but that’s where Kolb comes in, fresh out of theexcuses that were granted him in his first season with theteam.He’ll have an entire offseason to learn the playbook, arevamped (if not improved) offensive line, and one of theleague’s better running back tandems. And, with the selection of Michael Floyd, Kevin Kolb willhave a group of pass catchers who can make big plays downthe field.All he has to do is get them the ball. Top Stories Cardinals expect improving Murphy to contribute right away Comments   Share   The Arizona Cardinals did two things with the selection ofNotre Dame receiver Michael Floyd Thursday evening.One, they avoided repeating the mistakes of 2003, when theteam passed on an opportunity to select one of manyplayers who would help the team in favor of trading downin the first round. Instead of picking sixth, where theycould have selected a guy like Terrell Suggs, they moveddown to 17th and 18th, nabbing Bryant Johnson and CalvinPace. What an MLB source said about the D-backs’ trade haul for Greinke D-backs president Derrick Hall: Franchise ‘still focused on Arizona’last_img read more

The official injury report for the Arizona Cardina

first_imgThe official injury report for the Arizona Cardinalsand Chicago Bears for their Week 16 game at University of Phoenix Stadium in Glendale. Jonathon ScottTHamstringDNPDNP—— Former Cardinals kicker Phil Dawson retires Chicago BearsPlayerPosInjuryWedThursFriStatus Shea McClellinDEKneeLimitedLimited—— Tim JenningsCBShoulderLimitedLimited—— James SandersSCalfDNPDNPLimitedQuestionable Arizona CardinalsPlayerPosInjuryWedThursFriStatusEarly DoucetWRConcussionDNPDNPDNPOut Daily Practice DesignationsOut – Definitely will not playDNP – Did Not ParticipateLimited – Limited Participation (Less than 100% of normalrepetitions)Full – Full Participation (100% of normal repetitions) Rob HouslerTEKneeLimitedLimitedLimitedQuestionable Dan WilliamsDTHamstringLimitedLimitedLimitedQuestionable Nate PotterTAnkleLimitedLimitedLimitedQuestionable Mike LeachLSBack/ShoulderFullFullFullProbable 0 Comments   Share   Earl BennettWRConcussionLimitedLimited—— Ronald TalleyDEAnkleLimitedLimitedLimitedQuestionablecenter_img Top Stories Calais CampbellDECalfLimitedFullFullProbableMike GibsonGCalfLimitedDNPDNPOut Quentin GrovesLBFootLimitedLimitedLimitedQuestionable Geno HayesLBKneeLimitedLimited—— Greg TolerCBHamstringLimitedLimitedFullProbable Brian UrlacherLBHamstringDNPDNP—— Derrick Hall satisfied with D-backs’ buying and selling Rashad JohnsonSHamstringDNPDNPLimitedQuestionable Friday Status DesignationsOut – Definitely will not playDoubtful – At least a 75% chance will not playQuestionable – A 50-50 chance will not playProbable – A virtual certainty of being available fornormal duty Anthony ShermanFBKneeLimitedLimitedLimitedQuestionable Brandon MarshallWRHamstring—Limited—— Henry MeltonDTChestLimitedLimited—— Blake CostanzoLBCalf—Limited—— Grace expects Greinke trade to have emotional impactlast_img read more

TEMPE Ariz — The Arizona Cardinals signed tight

first_imgTEMPE, Ariz. — The Arizona Cardinals signed tight end Jake Ballard on November 4, and he appeared in a game for the team six days later.It was a significant milestone for the former New York Giant and New England Patriot, as he had been recovering from a torn ACL and had been anxious to get back on the field.In eight games with the Cardinals, Ballard caught seven passes for 75 yards and two touchdowns. “It was a step in the right direction,” the tight end said Monday as the Cardinals cleaned out their lockers following a Week 17 loss to the San Francisco 49ers. “I’ll just continue to build on that.” 0 Comments   Share   “If that’s here, great, if it’s not, we’ll just see what happens,” he said. “But I’ve enjoyed my time here. All I want to do is play. I sat at home for 10 weeks and didn’t do anything, so I’ll do whatever I have to.” – / 22 The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires The numbers are modest, at best, but they represent more than just stats for the 26 year old.“I was happy with everything,” he said. “My knee didn’t cause me any issues. Every week I was getting better and I’ve been lifting, getting stronger, and I’m going to take this offseason to hopefully get back to where I was.”Where Ballard was, at least two years ago, was a key member of a Super Bowl champion Giants team. He caught 38 passes for 604 yards and four touchdowns that season, as the 6-foot-6, 275-pound former Ohio State Buckeye established himself as a reliable weapon in the passing game and capable blocker when asked to do so.He had been working his way back when the Cardinals offered to sign him, and could still use a little more time.“I think I have more room to grow,” he said, noting that it’s more about getting stronger and being the player he used to be than anything else. “Just getting my legs stronger and getting back into running like I used to. I have six months of just training, hit the weight room and hit the field and run a lot. I’m excited for that.”A restricted free agent, Ballard said he has no real preference on where he plays, as long as he gets to. Top Stories Grace expects Greinke trade to have emotional impactlast_img read more

Derrick Hall satisfied with Dbacks buying and se

first_img Derrick Hall satisfied with D-backs’ buying and selling Comments   Share   He wasn’t done reaching milestones, though.Still needing two catches to reach quadruple digits for his career, head coach Bruce Arians helped the cause with his play calling early in the fourth quarter. On first down, Palmer flared a short pass to the right, which Fitzgerald caught for a 4-yard gain. On the very next play, the receiver went in motion, then ran an out pattern and his quarterback found him on a 7-yard gain.Fitzgerald became just the 11th player in NFL history to catch 1,000 passes in a career.The ever-humble Fitzgerald downplayed the accomplishments.“It’s nice, it’s nice, but it’s even better to have had three consecutive seasons with 10 wins,” he said. “Coming here in 2004, I mean it’s something really special to be here that long and see a complete transformation. It makes you feel proud and special to be a part of it. It was a great day.”Fitzgerald’s NFL career started with a visit to St. Louis. On the first play of the first game of the 2004 season, he caught a 37-yard pass from quarterback Josh McCown. The defender on the play was former Cardinal, and Hall-of-Famer, Aeneas Williams.“Oh yeah. Every time I see Aeneas (Williams) I always tease him about it. It was a flea-flicker from Josh McCown down the middle. I remember it with the baby dreads,” he said. Grace expects Greinke trade to have emotional impact Arizona Cardinals wide receiver Larry Fitzgerald looks to the sidelines during the third quarter of an NFL football game against the St. Louis Rams on Sunday, Dec. 6, 2015, in St. Louis. (AP Photo/L.G. Patterson) Top Stories center_img Former Cardinals kicker Phil Dawson retires Fitzgerald is also the youngest player ever to join the 1,000-catch club. He reached the mark at 32 years, 97 days old.That catch gives Fitzgerald 1,000 in career; youngest in NFL history to hit mark (32 yrs, 97 days) #AZvsSTL pic.twitter.com/aG7galQMrH— Mark Dalton (@CardsMarkD) December 6, 2015“I came in at 20 years old so it’s like, look at Kobe Bryant. I think he’s 35 years old and he still seems young, but when you start playing at 17 years old, it’s different,” Fitzgerald said. “I came in pretty early and had a head start. Jerry (Rice) went to school for four years at Mississippi Valley State and didn’t have his first season until he was 23 or 22 and I’d already had two full seasons by that time. I just got a quick jump on him.” – / 24 The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Arizona Cardinals wide receiver Larry Fitzgerald entered Sunday’s game in St. Louis stuck on 992.In a bit of a statistical anomaly, Fitzgerald needed eight receiving yards to reach 1,000 for the season. More importantly (and impressive), the veteran also needed eight catches to reach 1,000 for his career.He’d get both in a 27-3 win over the Rams at Edward Jones Dome.The yardage mark was reached on the Cardinals’ second drive of the second quarter. On first down, quarterback Carson Palmer found Fitzgerald a well-set up screen pass to the left, which picked up 23 yards. It’s the seventh time Fitzgerald has eclipsed the 1,000-yard plateau in a single season and the first since 2011.last_img read more

A lot of players are thrilled that after you beat

first_imgA lot of players are thrilled that after you beat a team on Thursday night, get a mini-bye weekend, how’s your health going into Philadelphia?“Well I think it’s going to be better than it has been in recent weeks. Hopefully we will get some of these players back this week. I’ll find out a little more this morning with my update I usually get from our training staff, Tom Reed and our doctors. But it’s nice to get that mini-bye. As I said last week those games are tough to get ready for on Thursday night, and you have to be more ready for the mental preparation. I knew that Minnesota was going to be ready to go after the embarrassment of playing the Seattle Seahawks and the way they played in that game. Mike Zimmer does a great job and I have a lot of respect for him as a coach and that he would have his team ready to go.”I want the Arizona Cardinals, I want you guys to lock up that No. 2 seed, we all know how critical that is. But I don’t think locking it up before the 16th week of the season is necessarily a good thing for a team, how do you feel about that?“Yeah that could be difficult because some teams can get into that mindset of almost a preseason mode where you are playing your backups and your resting starters and then when it’s time to go, those players have had so much time off that they are not in football shape or mentally prepared and ready to go. I think it’s a double edged sword and it can be tough. I know coach and I are going to have some long conversations about it.  I know this, I’m just happy to be in that position where we may have to have that conversation.” Did you have the opportunity to watch all the games or did you have an opportunity to step away from it?“No I had a chance to become a fan a little bit yesterday, but at the same time I was able to get some quality family time in and spend some time with the kids. But it was a good day to sit back and watch a little bit of NFL football and it gave me a little bit of perspective on what some of the other teams are doing around the league.”Like what? What stood out to you?“I watched a little bit of the Eagles game and it seems like they are on a roll and Sam Bradford seems to be playing good football now that he’s back and healthy. So that was interesting. Obviously the Panthers are rolling and they have a good football team.  Luke Kuechly is playing at a high level, Cam Newton on offense, so they are a fun team to watch.”You are credited with making 1-year contracts a winning proposition in the National Football League and it’s being mimicked by man other general managers across the NFL. Why do they work?“I think it’s a combination of things. I think it’s trying to find the right guy. I go back to talking about the person than I do about the player. Obviously these guys have had some type of success in the NFL, but you have to find guys who are hungry and are ultimately passionate about the game. So that’s part of it. The other part of it is that you have to have an open minded coaching staff that is willing to play the players and our coaches do a fantastic job of not only putting the players in a position to succeed, but more than anything they give them a chance to play which is half the battle.” Derrick Hall satisfied with D-backs’ buying and selling Top Stories How critical are you of Thursday night’s game. BA said something funny that he couldn’t wait until Tuesday to chew them out because I’m sure there are a lot of things on film that concerns you but at the same time, how much is Thursday night football, just surviving and advance — happy to win  and ignore the film?“I told you guys about the advice I got from Jason Licht, just be happy with the win, particularly against a good football team. I think Rick Spielman and those guys have a nice job. They have some players. There’s no doubt about that. So to come away with a win from a quality opponent, that’s really something to get excited about. Particularly on a national stage. I think we are 3-0 or 4-0 on national televised games. That’s exciting. But I think every game you to be humble and step away and look in the mirror honestly and look at where you have made some mistakes and grow. We had some guys who didn’t play their best football and at the same time we had guys like Michael Floyd stepped up, I though Calais (Campbell) played excellent. Deone Bucannon continues to play at a high level as well as Pat Peterson. We just have to be ready to go this week. It’s going to be an uphill, tough challenge on Sunday Night Football in Philadelphia and hopefully the weather helps us a little bit and it’s not too cold. But again coming off the weekend and the mini-byes is going to have our guys fresh and ready to go.” – / 45 Comments   Share   Your browser does not support the audio element. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelocenter_img Grace expects Greinke trade to have emotional impact What were you thinking when Dwight Freeney — with the spin move once again. What were you thinking when he came up with the strip sack?I was thinking that’s the best $200,000 we have ever spent.But another success Steve. Another success with a 1-year guy.“Dwight was champing at the bit to get off the couch. We knew from watching the tape that he still had the ability to apply pressure. Again last year I think he only had four sacks the entire season but he was sixth in the NFL in pressures. That inside spin is remarkable. I have not seen many guys who can master that. To have a guy to come off the edge and to be able to gain speed coming off that edge. It’s unusual. I haven’t seen anybody else do it like Dwight Freenly does it.”And they know it’s coming Steve. That is the thing that blows my mind every time. Every tackle that lines up against Dwight Freeney, knows here comes the spin. And they still can’t stop it.“No doubt! It’s so difficult because if you are the tackle, do you play on your toes or do you play on your heels. Either way you are screwed because once that spin comes, you are going to be on your face.” LISTEN: Steve Keim, Cardinals general manager Sometimes, it’s best to go straight to the man in charge.And when it comes to the Arizona Cardinals’ roster, that man is Steve Keim.Arizona’s general manager since January 2013, Keim’s deft touch with the draft and free agency has led to the team becoming a contender in the NFC.Lucky for us, Keim happens to be a weekly guest on the Doug and Wolf Show, right here on Arizona Sports 98.7 FM. And since what he has to say is important, we thought it would be a good idea to put his words into print, allowing you to read what the GM is thinking. So, without further ado, here’s this week’s edition, which follows a 23-20 win over the Minnesota Vikings: Former Cardinals kicker Phil Dawson retires First four sacks that kicked in $200,000 bonus, now what happens for future sacks? What’s the big one?“It just goes up in increments for every two sacks. He’s a guy that we are going to count on down the stretch because as we have talked about it on this show, if there are any concerns, it is that ability to apply pressure without manufacturing and bringing the blitz. James Bettcher does a nice job in diagramming our defense and making sure guys are in positions to succeed. but we have to be able to win one-on-one situations from time-to-time and Dwight Freeney is a guy who can definitely do that for us.”When you watch the Cardinals offense on Friday or you might watch it that night against Minnesota, what were your thoughts about how the unit played overall?“Solid. I wouldn’t rank it up there with one of our best games, but again having so many different play makers where Carson can spread the ball to whether it’s Larry or Michael in clutch situations. Darren Fells had some big plays and I’m continued to be impressed with David Johnson, not only his ability to run the football, but what he brings to the table offensively because he puts so much stress on the defense with his ability to catch the ball out of the backfield. He’s one of the better receiving backs I have seen in a while, with his ability to run those angle routes and to be able to run those sling routes out of the back field and what he has also is what you have seen on a couple of the runs that he bounces is that he has such disruptive speed. For a guy who is 6 foot 1 inch, 226 pounds. He ran four fours coming out. I don’t think  sometimes defenders when they get a beat on him and they take a certain angle on him, that they understand the type of jets that he has on him and the ability to out run guys on the perimeter.” Arizona Cardinals linebacker Dwight Freeney (54) salutes the fans with teammate Markus Golden (44) after his sack in Baltimore Ravens quarterback Joe Flacco during the second half of an NFL football game, Monday, Oct. 26, 2015, in Glendale, Ariz. (AP Photo/Rick Scuteri)last_img read more