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first_img Express KCS Wednesday 21 January 2015 8:00 pm Show Comments ▼ IBM results halt US index gains in volatile day – New York Report whatsapp whatsapp Sharecenter_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap US STOCKS edged up in a choppy session yesterday as traders digested reports that new stimulus would be announced by the European Central Bank at its meeting today, while declines in IBM limited gains.Market participants have been looking for more aggressive measures from central banks to combat the risk of deflation and a weakening Eurozone economy.Media reported the ECB’s executive board has proposed a program that would enable the bank to buy €50bn (£32.8bn) in bonds per month starting in March. Regardless of the size of the expected purchase programme, there are many details to be decided in terms of the assets available for purchase and how those will affect individual members of the bloc.US stocks would benefit from a program to support the Eurozone economy because Europe is one of the United States’ most important trade partners.The Dow Jones industrial average rose 39.05 points, or 0.22 per cent, to 17,554.28, the S&P 500 gained 9.57 points, or 0.47 per cent, to 2,032.12 and the Nasdaq Composite added 12.58 points, or 0.27 per cent, to 4,667.42.IBM shares fell 3.1 per cent to $152.09 the day after reporting lower-than-expected revenues and giving a 2015 profit target that was below estimates. The stock weighed the most on the price-weighted Dow industrials.Netflix jumped 17.3 per cent to $409.28 a day after the streaming and rental video company posted earnings above expectations and said it was growing faster overseas. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoGive It LoveRemember These Rare Sisters? See Them NowGive It LoveUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GameUndo Tags: NULLlast_img read more

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first_imgThursday 13 August 2015 5:54 am INVESTORS fled into safe haven assets yesterday after the impact of China’s devaluation of the yuan continued to weigh on markets.The decision by the People’s Bank of China (PBOC) to reduce the value of the currency sent Germany’s two-year yield on bonds to a new record low of minus 0.284 per cent as markets closed in London last night. Ten-year US Treasury yields and UK gilt yields also fell to three-month lows of 2.09 per cent and 1.79 per cent respectively, as investors moved money into less risky asset classes.Gold also rose for its fifth day in a row, gaining as much as 1.2 per cent to $1,121.40 an ounce before paring back later in the day. The PBOC yesterday moved the yuan further against the dollar by setting its midpoint range lower than Tuesday’s closing price – a 1.6 per cent reduction – sending the currency to a four-year low against the dollar. The yuan was worth 6.4510 per US dollar after the move, its lowest since August 2011.China surprised the world on Tuesday when it initially devalued the yuan by two per cent, sending shockwaves through financial markets across the globe.Stock market indices across Europe tumbled again yesterday, with the FTSE 100 falling 1.4 per cent, the German Dax down by 3.3 per cent and France’s Cac off 3.4 per cent. In the US, the S&P 500 finished 0.11 per cent down while the Dow closed down by 0.26 per cent. The move has also impacted Asian currencies, with Malaysia’s ringgit and Indonesia’s rupiah falling to 17-year lows yesterday.Why has China suddenly cut the value of its currency?BEIJING has killed two birds with one stone with its decision to reduce the value of its currency, the yuan (also called the renminbi ­– the terms are interchangeable like pound and sterling). The country has been attempting to fix an exchange rate between the yuan and the US dollar. But the US dollar is currently very strong. It has risen in value by 18 per cent over the past year against a basket of currencies. While the US has been growing and investors there are expecting an interest rate hike from the Fed, helping to strengthen the currency, China has been slowing. The strong fixed-exchange rate has dented its growth, first by hampering its exports and then by restricting what it can do to boost its domestic economy. Aside from the exchange rate, China wants its currency to be a part of the basket of currencies used by the International Monetary Fund (IMF). But the IMF has said China’s financial sector is too heavily regulated and must move towards free markets – which includes allowing the yuan to float against other currencies. The IMF praised the move yesterday. “The new mechanism for determining the central parity of the renminbi announced by the PBC [People’s Bank of China] appears a welcome step as it should allow market forces to have a greater role in determining the exchange rate,” the IMF said. The IMF will decide whether to include the yuan in November. Share Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.com Tags: NULL whatsapp Express KCS Global markets feel aftershock of renminbi cut last_img read more

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first_img whatsapp Share Express KCS whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org center_img Lord Burns is to step down as Channel 4 chairman after ministers overruled a recommendation by the media regulator that he stay on to steer the broadcaster through the BBC Charter Review next year.The Department for Culture, Media and Sport (DCMS) rejected a suggestion from Ofcom that Burns should be granted a year-long extension, according to Sky News.Sources said Burns was likely to step down at the end of his term in January, subject to the availability of a suitable replacement.An Ofcom spokesman told Sky News: “Ofcom is proceeding with the recruitment of the next Channel 4 chairman to succeed Lord Burns when his term ends early next year.”A DCMS spokesman said: “Lord Burns second term…expires on 27 January 2016. Ofcom is responsible for appointing the C4 chair. We understand the reg­ulator will shortly announce its plans for recruitment to this important post.” Show Comments ▼ Ministers reject plea that Lord Burns carry on as Channel 4 chairman Tuesday 29 September 2015 5:28 amlast_img read more

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first_img Electric Picnic TAGSProperty Price Register Twitter Twitter By LaoisToday Reporter – 9th March 2020 Pinterest Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival House Prices A total of 54 houses sold in Laois in January according to the Property Price Register with one home selling for €625,000.Kilbride House, Portarlington was the most expensive residential property to exchange hands with only two others exceeding €300,000.A property in Chantiere Gate in Portlaoise sold for €395,000 with one in De Vesci Hill in Abbeyleix selling for €320,000.At the other end of the scale, the cheapest property to sell was one in Kilmalogue in Portarlington for just over €35,000.The 54 properties sold makes it a record January of sales since the Property Price Register starting tracking the sales in this manner in 2010.Last year 49 properties sold in January compared to 51 in 2018 and 41 in 2017.Looking further back to ten years ago, only 12 properties sold in January 2011.While there are can be some slight anomolies in the Property Price Register – the price is exclusive of VAT for new builds that are sold; if there is land also sold with the house, the overall sale price that is recorded is reduced to exclude a portion of the land; and some of the sales can be a couple of months behind in being recorded – it is still seen as one of the main guages of residential property activity.The full list of properties sold in January 2020 in Laois are listed below.January 2020€625,000 – Kilbride House, Kilbride, Portarlington – 27/01/2020€395,000 – 6 Chantiere Gate, Portlaoise – 10/01/2020€320,000 – 7 De Vesci Hill, Abbeyleix – 21/01/2020€261,000 – 169 The Hermitage, Portlaoise – 17/01/2020€250,000 – Camross, Mountrath – 09/01/2020€230,000 – 45 Rath Gailine, Dublin Road, Portlaoise – 10/01/2020€227,312.77 – 4 The Green, Mount Stewart, Stradbally Road, Portlaoise – 30/01/2020€225,000 – 4 Ballymorris Court, Portarlington – 07/01/2020€220,000 – 115 Heather Hill Road, Graiguecullen – 31/01/2020€215,000 – Cavansheath, Mountrath – 31/01/2020€205,000 – Site 268, 10 Brescula Close, Bellingham, Portlaoise – 30/01/2020€200,000 – 15 Ashton Manor, Mountrath Road, Portlaoise – 27/01/2020€195,000 – 30 Boughlone Way, Bellingham, Portlaoise – 29/01/2020€190,000 – Killeaney, Mountrath – 23/01/2020€190,000 – 38 Chestnut Avenue, Esker Hills, Portlaoise – 03/01/2020€190,000 – 16 The Willows, Forest Park, Portlaoise – 20/01/2020€187,500 – 78 Hawthorn Way, Esker Hills, Portlaoise – 24/01/2020€187,000 – 23 Castlegate, Station Road, Portarlington – 10/01/2020€186,500 – 151 Whitefields, Station Road, Portarlington – 17/01/2020€185,000 – 26 Cosby Avenue, Fairgreen Village, Portlaoise – 09/01/2020€183,000 – 7 Cottage Gate, Ballylinan – 20/01/2020€181,000 – 55 Highfield Manor, Crosneen – 16/01/2020€168,000 – Graigue, New Road, Mountmellick€165,000 – Mountrath Road, Abbeyleix – 10/01/2020€162,500 ** – 63 Laurel Drive, Esker Hills, Portlaoise – 14/01/2020€162,000 – 10 Lake Grove, Kilminchy Village, Portlaoise – 31/01/2020€156,000 – 9 Castle Way, Kilminchy, Portlaoise – 14/01/2020€155,000 – 63 Crann Nua, Portarlington – 24/01/2020€147,500 – 34 Carmody Way, Fairgreen, Portlaoise – 31/01/2020€147,000 – Acragar Road, Mountmellick – 31/01/2020€147,500 – Archerstown, Durrow – 31/01/2020€146,000 – 3 Lake Place, Kilminchy, Portlaoise – 21/01/2020€140,000 – Camross – 31/01/2020€140,000 – 27 Churchfield Heights, Castletown – 28/01/2020€139,000 – 17 Lake Place, Kilminchy, Portlaoise – 20/01/2020€138,000 – 37 Grove Park, Mountmellick – 23/01/2020€130,000 – 41 Marian Avenue, Portlaoise – 17/01/2020€125,000 – 96 Riverside, Mountmellick Road, Portarlington – 24/01/2020€125,000 – 55 Rinuccini, Dublin Road, Portlaoise – 28/01/2020€120,000 – 38 Railway Mews, Portarlington – 13/01/2020€118,000 – 15 Bracklone Street, Portarlington – 17/01/2020€113,000 – 44 The Oaks, Kilnacourt Woods, Portarlington – 17/01/2020€110,000 – The Rock, Ballylehane, Wolfhill – 21/01/2020€110,000 – 6 Green Mill Lane, Portlaoise – 10/01/2020€110,000 – 28 Daly Tec, Rathdowney – 08/01/2020€105,000 – 26 Derrymore, Ballymorris Road, Portarlington – 15/01/2020€91,000 – 12 Lord Edward Street, Mountmellick – 31/01/2020€65,000 – Main Street, Rathdowney – 14/01/2020€65,000 – 4 Moore Street, Rathdowney – 27/01/2020€60,000 – Graigue, Ballinakill – 10/01/2020€55,000 – Gortnalee, Donaghmore – 23/01/2020€49,348.85 ** – 34 St Brigid’s Place, Portlaoise – 29/01/2020€45,000 – Link Road, Portarlington – 16/01/2020€35,242 – Gracefield, Kilmalogue Cross House, Portarlington – 09/01/2020SEE ALSO – Property Watch: The five most expensive properties currently for sale in Laois Pinterest 54 homes sell in Laois in January – here’s the full list Electric Picnic WhatsApp WhatsApp Previous articleBrophy and Larkin reflect on Laois U-20 loss to DublinNext articleLaois Garda saves person’s life at full flood in River Barrow LaoisToday Reporter Home News 54 homes sell in Laois in January – here’s the full list NewsProperty News Electric Picnic organisers release statement following confirmation of new festival date Facebook RELATED ARTICLESMORE FROM AUTHOR Facebooklast_img read more

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first_imgJames Langton Amid growing concerns about cyber crime, the credit card giants, MasterCard and Visa, are introducing the next generation of payment security measures. MasterCard announced plans Friday to invest more than US$20 million in technology enhancements to bolster security. In the spring, MasterCard plans to launch an additional, independent layer of security on top of the measures taken by financial institutions, to monitor and block transactions based on certain criteria. The new initiative, known as MasterCard Safety Net, is designed to reduce the risk of fraud or cyberattacks early on, before card issuers and processors might notice the threat. The firm says that it will only intervene in extreme cases to block fraudulent activity. Some banks offer reduced credit card interest rate for clients affected by virus Additionally, later this year, the company will launch a pilot program that will enable consumers to authenticate and verify their transactions using biometrics, such as facial and voice recognition and fingerprint matching. The pilot will be rolled out with a SiliconValley-based credit union, First Tech Federal Credit Union. Also Friday, Visa Inc. announced that it is expanding the use of new security technology that replaces the traditional 16-digit account number with a unique series of numbers that can authorize payment without exposing actual account details, known as the Visa Token Service (VTS). The measure aims to help to prevent the exposure of sensitive consumer account information in online and mobile payments. So far, more than 500 financial institutions have started to implement the new technology, which was launched in September 2014. And, in 2015, Visa says that the service will expand to more payment environments. The firm plans to tokenize transactions initiated online with its online payment service; and, in 2015, it says that financial institutions globally will also begin deploying the VTS in their mobile payment applications and services. “Removing card account numbers from the processing and storage of payments represents one of the most innovative and promising technologies we’ve seen in decades,” said Charlie Scharf, chief executive officer, Visa. “This, combined with chip card technology, advances in account holder authentication through analytics and biometrics, and more sophisticated risk monitoring, will allow Visa account holders to enjoy new, secure payment experiences.” “These new activities will help us continue to deliver the tools and solutions that instill a peace of mind by protecting each transaction that crosses our network,” said Chris McWilton, president of North American Markets for MasterCard. “Our continued investments reinforce the efforts we are taking to protect the payments system for cardholders, merchants and issuers.” Keywords Credit cards Share this article and your comments with peers on social mediacenter_img One in five Canadians will need to liquidate an asset to pay for debt: survey Consumer debt driven by new mortgages, but credit card debt at six-year low Facebook LinkedIn Twitter Related newslast_img read more

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first_img Canadian IPO market limps through Q3, PwC reports The Toronto Stock Exchange (TSX) is cutting its maker-taker fees once again, the exchange said in an equities trading notice published on Monday. According to the notice, the TSX is planning to cut its per share active trading fee by 10%, and to reduce the rebates it pays for passive liquidity by 11.5% for high-priced (securities trading for over $1) inter-listed securities. The changes will take effect on June 1. Share this article and your comments with peers on social media Related news Keywords Stock exchangesCompanies Toronto Stock Exchange The TSX also considered cutting its fees for securities that aren’t inter-listed, and for exchange-traded funds (ETFs), the notice says, however regulators’ plans to impose a cap on fees has caused the exchange to change its mind. “The recent proposal by the Canadian Securities Administrators (CSA) to implement fee caps at reduced levels, which are directionally aligned with our own fee reduction program, defer the need for us to initiate further substantive reductions at this time,” the notice says. The TSX began reducing its maker-taker fees in June 2015. The cuts have not produced any negative impacts on market quality, the notices says, which contributed to the decision to proceed with another round of cuts. In addition to cutting its maker-taker fees, the TSX is also planning to cut a variety of other fees, including fees for auto-executed odd lots, fees for the minimum guaranteed fill (MGF) facility, and fees for trades in NEX securities. The exchange will also eliminate the fees for trading in TSX-listed rights, warrants and exchangeables, and will charge standard equities trading fees on these securities instead. Photo copyright: ashdesign/123RF James Langton Nasdaq sharpens market surveillance Negative 2021 outlook on exchange, clearing sector: Fitch Transition to shorter T+2 settlement now underway wisitporn/123RF Facebook LinkedIn Twitterlast_img read more

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first_imgBMO extends partnership with non-profit to raise awareness of RDSPs Investors Group expands RDSP investment options Keywords RDSPsCompanies Mackenzie Financial Corp. Toronto-based Mackenzie Financial Corp. has added five mutual funds to the lineup of products eligible for the firm’s Registered Disability Savings Plan (RDSP) program. Related news Mackenzie lowers pricing on several ETFs and mutual funds Tessie Sanci IFIC requests creditor protection for RDSP beneficiaries Mackenzie Canadian Growth Fund, Mackenzie Canadian Growth Balanced Fund, Mackenzie Ivy Canadian Balanced Fund, Mackenzie Ivy Global Balanced Fund and Mackenzie US Growth Class can now be used within RDSPs. “We have added some of our most popular mutual fund products to support this wonderful program that has helped millions of Canadian families. People with disabilities face a unique set of challenges, including financial ones,” says Barry McInerney, president and CEO of Mackenzie Investments, in a statement. “The RDSP helps establish security for the future and it is a program we are so proud to offer Canadians,” he adds. Mackenzie now has more than 40 mutual funds that can be used within an RDSP. Photo copyright: crazymedia/123RF Facebook LinkedIn Twitter Share this article and your comments with peers on social medialast_img read more

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first_imgPositive COVID-19 case update 2 January Department of the Chief Minister and CabinetSeven new positive COVID-19 cases have been recorded in the Northern Territory.A 26-year-old woman, who arrived on the repatriation flight from London on 30 December 2020, has tested positive for COVID-19.A 36-year-old male, a 34-year-old male and a 28-year-old male and a 29-year-old female and a 31-year-old female, who arrived on a repatriation flight from Chennai, India on 1 January 2021, have all tested positive for COVID-19. A male infant who arrived on the same flight also has tested positive.All remain in the care of the AUSMAT team at the NT Centre for National Resilience.Since repatriation flights to the Northern Territory began on 23 October 2020:· 2,192 international arrivals have undertaken quarantine at the NT Centre for National Resilience.· A total of 47 positive COVID-19 cases have been reported.The total number of cases diagnosed in the Northern Territory is 83. All cases have been related to international or interstate travel, with no cases of community transmission. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, community, coronavirus, covid-19, Government, India, London, Northern Territory, quarantine, resilience, travel, womanlast_img read more

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first_imgPremier and Attorney-General maintain their mean spirited fight against firies Tasmanian LaborGutwein and Archer willing to spend big to withhold money from firefightersPremier dismissive of rights of essential emergency workersArcher’s continuing mean-spiritedness hits firies in the pocketThe Gutwein Government’s entrenched meanness and disregard for frontline emergency workers will see an unnecessary battle with firefighters reach the full bench of the Supreme Court in an exercise costing taxpayers thousands.Shadow Attorney-General Ella Haddad said it was extraordinary that the Gutwein Government would take the court action to target 13 firefighters and withhold what amounted to less than $20,000 in backpay.“The fact is the Liberal Government is prepared to spend more money on legal fees to continue their battle against firefighters when the backpay they are determined to withhold amounts to possibly no more than $20,000 in total across all 13 workers,” Ms Haddad.“Mr Gutwein – with Ms Archer at the front of the attack on emergency workers – was unacceptably dismissive of the concerns of firefighters when he was questioned on this issue in the State Parliament today and is determined that his government will fight this backpay to the bitter end.“The mean-spiritedness of Peter Gutwein knows no bounds.“It’s a slap in the face to workers who every day put themselves in the path of danger to protect our community.“In return, they fail to get any support from this callous and uncaring government.“The Gutwein Government has already waged this battle through both the Industrial Commission and the Supreme Court and lost twice.“It’s completely out of touch with community expectation and Ms Archer and the Premier should show some compassion and drop it.“And Ms Archer should answer important questions: How much is this shameful on-going court battle costing taxpayers in legal fees? And do these legal fees amount to more than the wages they are fighting against paying to these firefighters?”Ella Haddad MP Shadow Attorney General /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Attack, attorney-general, battle, Commission, community, court, Emergency, exercise, Government, money, parliament, Premier, Supreme Court, Tasmania, Tasmanian Labor, the Pocketlast_img read more

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first_img The Rolls-Royce Boat Tail may be the most expensive new car ever Trending Videos But now, the XKSS is back. Jaguar has decided to complete the set and build the final nine XKSSs from scratch, by hand and using the original chassis numbers from the original ledgers. The first car was revealed at the Los Angeles Auto Show, but it’s been in painstaking development at the Brown’s Lane plant for many months.The revival of the XKSS – or “continuation,” as Jaguar calls it – was prompted by a previous project. In 2015 Jaguar built six Lightweight E-Types, finishing the planned run of 18 that was conceived in the 1960s. The response was so positive that the case for completing more of the firm’s unfinished business was undeniable.The project has been developed out by Jaguar’s Classic division, a department set up to deal with restorations, both for customer cars and for factory-sourced machines that are offered for sale to a diversifying classic car customer base. The new XKSSs will be for an elite few thanks to the low build number and a price considerably in excess of $1 million. But they will also act as a showcase for the Classic department’s skills.The challenge for Kev Riches, the vehicle recreation manager at Jaguar Classic, wasn’t an easy one. Just how do you approach a project like this? Do you go mirror the original, or put a modern twist on it? For Riches, authenticity was the clear route forward.“We could have produced it on top of an F-Type, for example, and tried to morph this body style on top of that,” he says. “But for the work and effort, who would buy it? Is it something that the markets out there actually want? Probably not. It was about trying to reproduce a car from the past.“Is it a continuation, a replica, a recreation?” He shrugs. “That’s for people to say what they think. My view is that because we’re Jaguar, if we take something from the past and we’ve got genuine chassis numbers for them, we can continue to build the cars.”The project is immense for such a small run of vehicles. Every part of the car needed to be recreated, and Kev and his team vowed to stay as close to the original XKSS as possible. Luckily, Jaguar’s archives are extensive, so many of the original plans and drawings still exist. While the building techniques are very much traditional, modern technology was utilized to scan existing XKSSs to determine the ideal shape. Although every car is subtly different, the research gave the five-strong core team a median set of dimensions to work towards.The level of detail is remarkable – the team has sought to recreate the car down to the hand-rolled magnesium alloy bodywork, the correct number and type of rivets and the welding techniques used on the chassis. The type of wood used for the steering wheel and even the grain of the leather have been mirrored, and long-defunct components, such as Smiths gauges and three Weber DC03 carburetors, have been reborn with the help of suppliers around the Coventry area, where Jaguar is based. The heart of the car, a straight-six, 3.4-litre twin cam engine, has been recreated from scratch thanks to classic car specialists Crosthwaite and Gardner, and Dunlop remoulded a supply of R5 tires especially for the project.The only changes from the original spec are for safety reasons. A four-point harness seatbelt is included as standard, and although the disc brakes are authentic in design, the pads – produced by Mintex – have changed in compound to avoid using asbestos. The original fuel tank bag was made of rubber, which modern fuel would burn through in months, so the new car has an identical design made from contemporary materials used in Formula 1. The same is true of the fuel lines.The team has also tried to exceed original standards of build quality. “From an improvement point of view we’ve made very few, because we want to keep the car as authentic as possible,” Riches says. “In essence, the car is what it used to be. But what we have done is tried to work on the fit and gaps on the car. I’m sure you wouldn’t be very pleased if the door closed onto the sill, which is what happened on the original cars. So we’re trying to work to modern-day standards, which we feel is worthwhile.”Riches can’t put a number on how much work has gone into the first XKSS, as shown in L.A., but estimates that the customer cars will have around 7,000 hours spent on each one. When asked what the next project will be, what he and his team will do once the final XKSS is finished, in March 2018, his eyes glint. Created with Raphaël 2.1.2Created with Raphaël 2.1.2Jaguar is building nine more examples of its historic XKSS sports car.Jaguar Created with Raphaël 2.1.2Created with Raphaël 2.1.2Jaguar tried to remain as authentic to the original cars as possible in the new build of the XKSS.Jaguar Created with Raphaël 2.1.2Created with Raphaël 2.1.2The Smiths gauges have been reproduced for the new XKSS.Jaguar Created with Raphaël 2.1.2Created with Raphaël 2.1.2The “new” XKSS cars are being built to the exact specifications from when they were new more than 60 years ago.Jaguar Created with Raphaël 2.1.2Created with Raphaël 2.1.2Only nine examples of the XKSS will leave the Jaguar factory in Coventry, England.Jaguar Created with Raphaël 2.1.2Created with Raphaël 2.1.2Jaguar enlisted classic car specialists Crosthwaite and Gardner to reproduce the 3.4-litre engine for the XKSS.Jaguar Created with Raphaël 2.1.2Created with Raphaël 2.1.2Steve McQueen on the set of the CBS television western “Wanted: Dead or Alive” in Hollywood with his Jaguar XKSS, special racing model, in 1960.CBS Created with Raphaël 2.1.2Created with Raphaël 2.1.2Jaguar is building nine more examples of its historic XKSS sports car.Jaguar Created with Raphaël 2.1.2Created with Raphaël 2.1.2It’s estimated that each of the nine new XKSS cars will have had about 7,000 man hours of production.Jaguar Created with Raphaël 2.1.2Created with Raphaël 2.1.2The body of the XKSS is made of magnesium alloy.Jaguar Trending in Canada ‹ Previous Next › advertisement See More Videos “Wait and see,” he says. “We’ve got a lot of work to do first, but I think six months down the road we’ll start thinking about that. As we look through the archives there are many vehicles, many chassis numbers and many opportunities.” Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca RELATED TAGSJaguarAuto ShowsClassic CarsLifestyleLos AngelesSupercarsAuto ShowsClassic Cars & TrucksL.A. Auto ShowNew VehiclesPeopleSupercars24 Hours of Le MansCoventryFormula One Management Ltd.Jaguar Cars Ltd.Kev RichesLos AngelesMotorsportsPhill TromansSportsSteve McQueenUnited KingdomWestern Europe COMMENTSSHARE YOUR THOUGHTS COVENTRY, England – There’s a serious case for the Jaguar XKSS being the world’s first genuine supercar. Built from a hugely successful racer, it was the must-have performance car of the late 1950s. But a disaster meant that the XKSS died before its time, and for 60 years it was consigned to the history books – a fond, and financially accumulating, memory. Until now.In the mid-1950s, Jaguar’s racing prowess was unbeatable. Its now-iconic D-Type swept all before it, winning the 24 Hours of Le Mans three times in a row. When it stopped racing, 25 D-Types had been built but not sold, and Jaguar had an idea – to create the ultimate road-legal sports car. The remaining D-Types were given a few styling tweaks and a windscreen, and so was born the XKSS. Customers for the new supercar included movie star Steve McQueen.Of the planned 25, only 16 XKSSs had been completed when, on February 12, 1957, disaster struck. A fire broke out at Jaguar’s Brown’s Lane factory in the UK, and the inferno consumed the nine remaining D-Types along with all the tooling needed to convert them to road cars. For six decades, the XKSS was a fond memory, kept alive by the cars that survive. last_img read more

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