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Tag: Southern

78-foot wave off New Zealand largest ever in Southern Hemisphere

78-foot wave off New Zealand largest ever in Southern Hemisphere

Science
May 11 (UPI) -- Scientists believe a 78-foot wave that formed off the coast of New Zealand this week is the largest wave ever recorded in the Southern Hemisphere. A storm close to the Southern Ocean's Campbell Island, a low-pressure system and 65-knot winds helped create prime conditions for the wave to form. "To our knowledge, it is the largest wave ever recorded in the southern hemisphere," said Tom Durrant, senior oceanographer at New Zealand's MetService, adding the Southern Ocean is the "most energetic part" of the world's oceans for producing waves. A buoy recorded the 80-foot wave, but Durrant said the storm likely created bigger waves in other locations. The Southern Ocean comprises the southernmost waters of the world's ocean, the water surrounding Antarctica. Storms generated t...
Old private Southern banks like Federal, Lakshmi Vilas Bank set for better times

Old private Southern banks like Federal, Lakshmi Vilas Bank set for better times

Finance
The South-based mid-sized private sector lenders are poised to see accelerated earnings growth going ahead as their asset quality ratios have peaked out and loan growth is likely to revive after remaining muted over the past couple of years, said a report today.Also, the niche positioning in their respective home markets will help banks like Federal Bank, Lakshmi Vilas Bank (LVB), South Indian Bank, City Union Bank and Karur Vysya Bank to grow faster, said the report by ICICI Securities."We prefer banks with superior earnings growth, sustainable NIMs, stable asset quality, granular loan mix and adequate capital. We expect these five banks to witness a loan CAGR of 11-22 per cent and earnings CAGR of 12-25 per cent over the next two years," it said.The brokerage says these banks' expertise ...
Hurricane Max hits southern Mexico near Acapulco

Hurricane Max hits southern Mexico near Acapulco

World
Hurricane Max hit Mexico's southern Pacific coast as a Category 1 storm Thursday and was expected to move inland into Guerrero state, a region that includes the resort city of Acapulco. The U.S. National Hurricane Center issued a hurricane warning for Max for the coastline between Zihuatanejo and Punta Maldonado. The center said Max should weaken as it moves over land but could bring "life-threatening flash floods and rainfall" to Guerrero and Oaxaca states. Max had maximum sustained winds of 80 mph (130 kph), was located about 55 miles (90 kilometers) east-southeast of Acapulco and was heading toward the east at 8 mph (13 kph), the hurricane center reported. The area where Max is making landfall is a sparsely populated area dotted with fishing villages. Acapulco, about 30 miles (60 kilom...
Typhoon Noru takes aim at southern Japan

Typhoon Noru takes aim at southern Japan

World
Aug. 1 (UPI) -- Typhoon Noru is expected to intensify in the western Atlantic Ocean as it nears southern Japan over the weekend, forecasters said Tuesday.The now-Category 2 storm packed 105 mph winds and is moving northeast toward slightly warmer waters. It strengthened to a Category 5 on Sunday, weakened Monday and is expected to gain power again as it gets closer to Japan, Weather Underground reported.Noru's current track means it could make landfall in southern Honshu Island, Kyushu Island and the Ryukyu Islands, but will likely miss the major population center of Tokyo, The Weather Channel reported.Beyond southern Japan, Noru could hit parts of the Korean peninsula, and parts of central and northern Japan depending on when it turns northward.For a period of time last week, Noru and Tro...
Southern owner to pay £13m over disruption

Southern owner to pay £13m over disruption

Business
The owner of Southern Rail has been ordered by the Government to pay £13.4m for improvements after its poor performance caused months of delays.Transport Secretary Chris Grayling said prolonged industrial action could not "fully explain the poor service" as commuters suffered cancellations and overcrowded shorter trains on the line.But the payout, outlined in a letter by Mr Grayling to Govia Thameslink Railway (GTR), was described as a "whitewash" and not even a "slap on the wrist" by the RMT union.Mr Grayling said: "Passengers who depend on Southern have been badly let down."The union industrial action that has so often disrupted services is totally unjustified and must stop now. But GTR must also do better in providing services to its passengers."When trains are cancelled unnecessarily i