LIRR: Service Partly Restored by Monday Commute

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Long Island Rail Road trains will mostly begin rolling again Monday morning 37 hours after service was suspended Saturday when a blizzard hit the region, but some lines remain snowed in.As of 5 a.m. Monday, regular weekday service will be available on the Babylon, Ronkonkoma, Port Washington and Huntington/Port Jefferson branches and service will also be provided in diesel territory on the Oyster Bay and Port Jefferson Branches, between Greenport and Ronkonkoma and on the Montauk Branch west of Speonk, according to the Metropolitan Transportation Authority.But snow still needs to be cleared from the tracks before trains can resume running on the other four of the LIRR’s 12 branches. Lines that will remain suspended Monday include the Far Rockaway, Hempstead, Long Beach and West Hempstead branches. Commuters who ride trains on those branches are urged to use alternate LIRR branches until their usual trains return.In addition, trains will not be running by Monday morning between Jamaica and the Atlantic Terminal. LIRR riders normally destined for Brooklyn should take trains to Penn Station, where their tickets will be cross-honored by NYC Transit on the No. 2 and 3 subway trains.For more information on when the remaining LIRR suspensions will be lifted, visit www.mta.info. Service had been suspended at 4 p.m. Saturday as winter storm Jonas hit the region.(Photo credit: MTA/LIRR)last_img read more

Candriam seeks to grow institutional business in Switzerland, Germany

first_imgNaïm Abou-Jaoude, chief executive at Candriam, told IPE the brand change was necessary, would reinvigorate the business and give it a positive momentum among clients and staff.He said now the transformation was complete, the business would focus on its third-party distribution and its institutional business – which accounts for around two-thirds of the manager’s assets.“With our new brand offering a fresh start, coupled with the stability of the management,” Abou-Jaoude said, “we can fully enhance the business, and in particular our relationships with the consultants, who are likely to be more open to having new discussions with us on what we can offer to their clients.”Candriam, within the next nine months, wants to grow institutional business in Switzerland and Germany while increasing third-party distribution exposure in the UK.Abou-Jaoude said institutional business in the UK was an ambition but would be more realistic in 18 months’ time.With regard to offerings, the chief executive said Candriam was looking to build on its previous products and provide more suitable solutions to institutional clients.“We want to go in two directions,” he said. “One is offering a flexible multi-asset fund, and a multi-asset income fund, which will capture the spreads from different asset class.“The second is short high-yield offering, using a combination of long-short strategies.”The firm is also working on equity products for its insurance clients that will utilise the benefits of derivatives, mitigating the downside of equity investing, and reducing the capital requirements under Solvency II.In terms of the asset manager’s new partnership with NYLIM, the firm said its expansion would not include the US, given its complementary offering to its parent’s other boutiques.“We cover some other products NYLIM does not have, so the idea is to complement the offering and see how we can develop synergies on both sides,” Abou-Jaoude said.Yie-Hsin Hung, co-president of NYLIM and chair of Candriam, told IPE the boutique owner would also continue its expansion after its foray in the European market with the Dexia acquisition.“We continue to want to grow our business,” she said.“Our aspiration would be to grow in areas we don’t have a presence today, but our immediate focus is that Candriam is successful and can leverage all the resources available from NYLIM.” Candriam, the new trading name for Dexia Asset Management, will look to expand its offering in three new territories following its rebrand and completed takeover by New York Life Investment Management (NYLIM).The manager, which was plagued by uncertainty for more than two years as it was subject to takeover talks, saw business deteriorate as clients awaited confirmation of the firm’s future.However, in December 2013, US-based NYLIM, the asset management arm of insurer New York Life, completed its rumoured takeover of the European manager, adding it to its multi-boutique operation.The following February, it was announced the firm would shed its Dexia brand, moving forward from the turmoil under the name Candriam.last_img read more

Reggae Boyz to face Saudi Arabia

first_imgJamaica’s national soccer team, the Reggae Boyz, will be play Saudi Arabia at the King Fahd International Stadium, also called Pearl of Stadiums, in Riyadh, Saudi Arabia on October 7.Qualified for 2018 World CupSaudi Arabia have already qualified for the 2018 FIFA World Cup, The Saudi’s join Iran, Japan and Republic of Korea as the teams from Asia in the world’s top soccer tournament in Russia.Saudi Arabia finished second in their Group behind Japan. The team also qualified in the 1994, 1998, 2002 and 2006 FIFA World Cup.Seeking high quality games The new President of the Jamaica Football Federation (JFF), Michael Ricketts, in agreeing to the game, said, “This is an indication of our intent to continue seeking high-quality international friendly games for the senior team. This level of opposition provides an opportunity for the players and technical team to continue the rebuilding of a successful Reggae Boyz team.”To the disappointment of Jamaican soccer fans home and in the Diaspora the Reggae Boyz were eliminated from competing in the 2018 FIFA World Cup in the qualifying round.Anticipate highly competitive gameThe Reggae Boyz coach Theodore Whitmore, also welcomed the opportunity for his team to play in Saudi Arabia, stating: “I anticipate a highly competitive fixture which is excellent for our plans moving forward.”The Reggae Boyz have played Saudi Arabia three times, winning one, losing one and drawing the other. The teams played to a 0-0 draw on May 4, 1998; Jamaican won the next encounter 2-1 on July 13, 1999 in the US, but lost the third game 0-4 two days later.The Jamaican squad to travel to Saudi Arabia will be announced later this week.About the Reggae BoyzJamaica’s Reggae Boyz gained worldwide popularity after they qualified for the 1998 FIFA World Cup. They have won the Caribbean Cup five times (1991, 1998, 2005, 2008, and 2010), finished second twice, and came third twice.Read more about the Reggae Boyz:Jamaica Reggae Boyz captain, Andre Blake, denied UK work permitlast_img read more