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UPDATE 2-Italian yields jump as surprise 20-year bond sale shakes up market

* Italian yields rise, strong demand for 20-yr issue

* Deal comes as EU discusses disciplinary action on Rome

* Spain gets 20 blns euros of interest for 10-yr

* German yields dip as U.S.-China trade tensions persist

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds move in key inflation gauge)

By Abhinav Ramnarayan

LONDON, June 12 ( ) – Italy’s long-dated government bond yields rose sharply on Wednesday after the country launched a surprise 20-year bond sale to take advantage of hefty demand for euro zone debt.

Italy has received orders worth more than 23.5 billion euros for the new bond, a lead manager told .

The final yield on the new March 2040 issue h上海夜生活论坛as been set at 12 basis points over the outstanding March 2038 benchmark, down from an initial guidance of around 16 basis points.

Demand for the sale was strong even though the European Union is expected to take disciplinary action against Rome over the country’s growing debt.

“Right now, the carry and the ECB monetary easing is cancelling out the negative headlines,” said DZ Bank strategist Daniel Lenz. The term “carry” refers to a trade where investors take advantage of low short-dated borrowing costs to pick up some yield by buying longer-dated debt.

Italy’s 10-year bond yield was up 10 basis points at 2.41%, with 20- and 30-year yields rising a similar amount.

Yields usually rise ahead of a sale, with investors selling outstanding debt to make space for the new supply.

But the move comes after a strong rally in recent days, which saw Italy’s 10-year yield drop 30 bps in the first week of June to a one-year low of 2.28%.

Spain also hit bond markets on Wednesday, and recorded over 31 billion euros of demand for 10-year debt even though the country’s debt is trading at record low yields.

The country was set to price a 6 billion euro bond issue at 33 basis points over mid-swaps, according to a lead manager, a level that suggests a final yield of just above 0.60% according to calculations.

DZ Bank’s Lenz said the carry was the predominant factor driving demand for Spanish bonds. “Spanish yields have hit record lows, but there is still a positive carry and it does not include the risk you have on Italy,” he said.

Spain usually launches a 10-year bond sale around this time of the year, so the market reaction was muted, with the country’s benchmark 10-year yield unchanged at 0.58%.

Elsewhere, German 10-year bond yields, the benchmark for the bloc, dropped to minus 0.24%, close to record lows hit last week, as concerns about the global economy grow in the shadow of a trade dispute between its two largest economies.

U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations.

German and U.S. bond yields fell further after soft U.S. inflation data boosted expectations for U.S. rate cuts.

In the euro zone, a key market measure of long-term inflation expectations fell to a new record low below 1.18% . ($1 = 0.8831 euros)

Hudson’s Bay chairman puts together $1.3 billion offer for retailer

( ) – Hudson’s Bay Co Executive Chairman Richard Baker said on Monday he had teamed up with other shareholders to offer to take the struggling Canadian department store operator private in a C$1.74 billion ($1.3 billion) cash deal.

The proposal comes as Hudson’s Bay has been shuttering its underperforming shops to cut costs as it competes with discount direct-to-consumer brands and e-commerce behemoths such as Amazon.com Inc.

It opens up Baker to inv上海夜生活论坛estor scrutiny, given that the buyout consortium he put together is made up of shareholders who already own 57% of the company. Hudson’s Bay said it had set up an independent board committee to evaluate the offer, which is subject to a vote by a majority of shareholders not affiliated with Baker’s bid.

“If you don’t go through these processes, you are really vulnerable to a lawsuit alleging that you shoved this down their throats,” said Eric Talley, co-director of the Millstein Center for Global Markets and Corporate Ownership at Columbia Law School in New York.

Shares of Hudson’s Bay rose 45% to close at C$9.25, slightly below the C$9.45 that shareholders will receive under the proposed deal. The offer represents a 48% premium to Friday’s closing share price. At its peak in 2015, the retailer was worth almost $30 per share.

Hudson’s Bay, which owns the Saks Fifth Avenue and Lord & Taylor retail chains, is the latest challenged retailer to consider going private. Last year, members of Nordstrom Inc’s founding family offered $8.4 billion for the company, but abandoned the bid once that company’s special board committee rejected it.

“While we continue to believe in Hudson Bay’s long-term potential, it has become clear that the significant challenges, risks and uncertainties facing Hudson Bay in the rapidly evolving retail environment are best addressed in a private market setting,” Baker said in a statement.

Baker’s buyout consortium includes Rhone Capital, WeWork Property Advisors, Abu Dhabi Investment Council and Abrams Capital Management.

Hudson’s Bay had said last month it was pursuing strategic alternatives such as a sale or merger for its department store Lord & Taylor.

Management has resisted calls from activist investor Jonathan Litt’s Land and Buildings Investment Management LLC to also sell Saks Fifth Avenue. A source familiar with Land & Buildings’ thinking said the hedge fund considers Baker’s offer significantly inadequate.

Hudson’s Bay also said on Monday it would sell its stake in its real estate joint venture in Germany to Signa Retail Holdings in a deal valued at C$1.5 billion.

Proceeds from its Signa deal will be used to reduce Hudson’s Bay’s debt, making a take-private deal more easy to finance.

Hudson’s Bay real estate could be worth as much as $6.4 billion or $35.24 per share, the company said in 2017. However, that figure included the Lord & Taylor flagship store, which the company sold to WeWork and partner Rhône Capital for $850 million in October 2017, and a Vancouver property owned by the company’s RioCan joint venture, since sold for $675 million.

Land and Buildings and other shareholders have criticized Hudson’s Bay for not doing enough to capitalize on the value of its properties.

EVALUATING OFFER

Investment bank JPMorgan Chase & Co worked with Hudson’s Bay on its deal to sell its stake in its German real estate joint venture, and will also advise the retailer’s special board committee in evaluating Baker’s proposed deal.

The special board committee will oversee the preparation of a formal assessment of the offer by an additional independent valuator, Hudson’s Bay said. Toronto-Dominion Bank is in line to win that role, according to a person familiar with the matter.

Hudson’s Bay, North America’s oldest company, was taken over in 2008 by Richard Baker’s private equity firm NRDC Equity Partners, which already owned Lord & Taylor.

Baker took the company public in 2012, following up with a string of acquisitions, including Saks Fifth Avenue for $2.9 billion, Gilt Groupe for $250 million, and German department store chain Galeria Kaufhof from Metro Group for $3.2 billion.

To bolster the company’s finances while retaining his influence over Hudson’s Bay, Baker sold stakes in the firm in separate transactions to other investors who aligned with him in the board room.

Other department store retailers including Sears Holdings Corp and J C Penney Co Inc have faced financial troubles as more consumers buy online.

Sears Chairman Edward Lampert also orchestrated deals to keep the retailer alive, before it filed for bankruptcy last year. He also became the company’s biggest creditor.

UPDATE 2-Jittery investors cut Italian debt and head for safety

* Italy 10-year bond yields rise to 2-1/2 month highs

* Italy/Spain 10-year yield gap near widest since mid-Feb

* Ten-year German Bund yield falls on trade war fears (Updates with move in German bonds)

By Virginia Furness

LONDON, May 13 ( ) – Italian government bonds yields rose to their highest level in 2-1/2 months on Monday as risk aversion caused by deteriorating U.S.-China trade tensions and worries about political infighting in Rome fuelled a selloff.

Germany’s benchmark 10-year bond yield hit a six-week low after China said it would impose higher tariffs on a range of U.S. goods, sparking a rush into safe-haven assets. “Ultimately the longer the prevailing trade tensions are extending, the heavier the impact on tariffs and economic growth globally,” said Rabobank fixed income strategist Matthew Cairns.

Italian bond yields rose after last week’s warning from the European Commission that public finances would deteriorate further and politicians in Rome raised the possibility that Italy could breach EU rules on public spending unnerved investors.

Analysts said they expected public discord between the two ruling Italian parties to grow in the run-up to European elections later this month.

Italy’s 10-year bond yield briefly rose to a 2-1/2 month high at 2.74% before pulling back in late trade to around 2.70%. It rose 13 basis points last week in the biggest weekly selloff in three months.

The Italy/Spain 10-year bond yield gap held close to its widest since mid-February and was last seen at 172 bps .

Germany’s 10-year government bond yield fell 2.5 bps to its lowest in around six weeks at minus 0.074%, as China fought back in its trade war with the United States.

Short-dated U.S. Treasury yields fell 7 bps to 2.18%, squeezing the gap over two-year German bond yields to around 281 bps – its tightest since March .

EUROPEAN ELECTIONS

Investors are watching the Italian political situation closely after Italy’s coalition government vowed last week to patch up their differences and govern for four more years.

But support for Italy’s far-right League party has fallen following the weeks of feuding with its coalition partner the 5-Star Movement, opinion polls showed on Friday.

Commerzbank rates strategist Rainer Guntermann cited the political news flow and fear over the rising deficit for the selloff, but noted that the budget discussion will likely be postponed until after the European elections.

“The Commission is in a vacuum ahead of the election … and this will heat up later this year when we get the official reporting in Europe,” he said.

The European Commission last week cut Italy’s growth forecast to 0.1%, down from 0.2%, and said the country’s deficit could widen beyond the 3% ceiling set by the European Union.

Italy’s government tested investor patience, as well as that of the EU, last year by trying to push through a budget which breached EU deficit rules.

Lawmakers are once again上海夜生活网 mounting a challenge to EU fiscal rules. Italy’s Deputy Prime Minister Luigi Di Maio said on Friday the European Union’s fiscal rules should be changed to allow more public spending on health, research and education.

Investors will be able to have their say on the outlook for Italy on Tuesday, when its Treasury auctions up to 6.75 billion euros of bonds.

METALS-Copper drops on weak Chinese data and surge in LME stocks

* GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl (Adds closing prices, updates trade war)

By Zandi Shabalala

LONDON, March 14 ( ) – Copper prices dropped on Thursday as industrial output in top metals consumer China fell to a 17-year low in the first two months of 2019, while LME stocks of the metal used in power and construction rose.

Other Chinese data showed a mixed picture as the jobless rate climbed but property investment strengthened.

Deutsche Bank metals strategist Nick Snowdon said the delivery of copper metal into LME warehouses “has been taken as a signal that we are seeing the softness we saw in China feed into ex-China market”.

“China data also disappointed and pointed to relatively sluggish growth,” Snowdon said.

Benchmark copper on the London Metal Exchange closed 1.1 percent lower at $6,404 per tonne, its lowest in nearly a week.

U.S. President Donald Trump and Treasury Secretary Steven Mnuchin said on Thursday that discussions with China to end a months-long trade war are progressing quickly, though Trump said he could not say whether a final deal would be reached.

There were reports earlier saying a meeting between Washington and Beijing scheduled for later this month could be pushed back to at least April.

Hopes for a resolution of the long-standing trade conflict have helped propel the LME index of six major base metals up nearly 9 percent so far this year.

STOCKS: On-warrant stocks of copper, those not earmarked for delivery, in LME-approved warehouses jumped 34,900 tonnes to 66,325 tonnes. MCUSTX-TOTAL

SPREADS: The premium of cash copper over the three-month LME contract CMCU0-3 eased to $20 a tonne from a discount of $70 last week, indicating worries over tight supply were easing.

CHINA PREMIUMS: China’s Yangshan copper import premium SMM-CUYP-CN rose to $59 from $52.5 registered a week ago, which was a level not seen since April 2017.

CHINA STEEL: China’s daily steel output rose in January and February, as mills in the world’s top producer raised production amid firm steel margins and easier environmental restrictions.

ZINC: Vedanta’s Skorpion zinc refinery in Namibia has suspended operations for five weeks due to lack of raw feed material. The refinery has a capacity of 100,000 tonnes annually.

“This comes with available LME inventories in zinc extremely low, and while demand conditions remain subdued (as evidenced by low physical premiums),上海夜生活论坛 ongoing supply issues may see further aggressive backwardation in the coming weeks,” said BMO Capital Markets analyst Colin Hamilton.

ZINC STOCKS: Headline LME inventories of zinc fell 250 tonnes to 58,700 tonnes, their lowest since October 2007.

OTHER METALS: Aluminium fell 0.2 percent to $1,903 per tonne, zinc shed 0.8 percent to $2,825, lead ceded 0.7 percent to $2,114, tin eased 0.7 percent higher at $21,170 and nickel lost 2.5 percent to $12,880.

Egyptian pound appreciates to highest in over two years

CAIRO, March 17 ( ) – The Egyptian pound strengthened on Sunday to its highest in over two years, boosted by an increase in foreign funds into the country.

The currency was trading at 17.34 to the dollar o上海夜生活n Sunday, up more than three percent from 17.86 on Jan. 22 when it began its latest round of strengthening.

“You’re seeing most of the indicators improving,” said Hany Farahat, senior economist at Egyptian investment bank CI Capital. “Tourism, exports, substitution of natural gas imports with domestic production, remittances are at a peak, FDI is improving slightly.”

He also said the higher inflows were due in large part to Egypt scrapping a mechanism that guaranteed foreign currency for investors exiting the government securities market.

“Once the repatriation mechanism was abolished, it meant that every single inflow coming into the country reflects directly on interbank liquidity,” he said. “This, in tandem, should also reflect directly on EGP volatility against the dollar.”

“I think it has come a bit late. If the repatriation mechanism had been removed a year ago, this appreciation would have happened a year ago,” he said.

Since the central bank devalued the currency by about half in 2016, economists say it has closely controlled the value of the pound, which was last this strong in March 2017.

Allen Sandeep, head of research at Naeem Brokerage, said the higher inflows were also due to increased carry trade appetite for Egyptian treasury securities and improving balance of payments.

“We have now restarted LNG exports,” Sandeep said. “On an annual basis, assuming that we export 1 billion cubic feet (bcf) of gas every day, that adds more than $2 billion in exports per year.”

Egypt, which now exports 1.1 bcf of natural gas per day, became a net exporter in late 2018, a significant turnaround for a country that spent about $3 billion on annual LNG imports as recently as 2016.

Koch brothers, other 2016 mega donors warm to Carly Fiorina

NEW YORK ( ) – Carly Fiorina has emerged as the Republican candidate of the moment in conservative fundraising circles, drawing the notice of the billionaire Koch brothers and other wealthy donors who could instantly remake her shoestring presidenti上海夜生活al campaign.

Fiorina’s show-stealing performance in a Republican presidential debate last month, and her subsequent surge in the polls, has prompted industrialists Charles and David Koch to take a “serious look” at the former Hewlett-Packard chief executive, according to three sources close to the brothers.

She has now moved to the short list of candidates the Kochs may support with their reported $1 billion war chest, the sources said. Florida Senator Marco Rubio is among those on the coveted list, the sources said.

A spokesman for the Kochs declined to comment

Other politically powerful mega donors are also lining up.

Texas oilman T. Boone Pickens hosted a packed luncheon at a posh Dallas venue for Fiorina in late September, while venture capitalist Tom Perkins is planning a fundraising gala in California in the next few months.

“My money is on her,” said Perkins, who served on HP’s board during Fiorina’s tenure. “I think she could be president.”

As the only woman on stage at the Sept. 16 debate, Fiorina emerged as the most effective candidate in taking on front-runner Donald Trump, chastening the celebrity real estate magnate for his controversial comments about her looks.

“The emails have not stopped” since then, said seasoned California political fundraising consultant Karolyn Dorsee, who is working on behalf of several Republican presidential candidates, including Rubio and former Florida Governor Jeb Bush. “Everybody wants her, nationwide, in every single state.”

Even before her rapid rise in the polls – she has vaulted to second place in the key early voting state of New Hampshire – Fiorina had already garnered about $2 million in support from the likes of reclusive hedge fund baron Robert Mercer and former Univision CEO Jerrold Perenchio.

“SHE’S PRETTY VIABLE”

Fiorina’s campaign now appears far less of a long-shot than it did over the summer, when she was struggling with sparse crowds, scant name recognition and a coffer of just $5 million that put her at the bottom of the money race.

Her campaign thus far has been a bare-bones operation, relying on a young, relatively low-paid, skeletal staff as opposed to the sprawling operations built by more well-endowed candidates like Bush.

Support from the Kochs would change her operation overnight.

“We think she’s pretty viable,” said broadcasting billionaire Stanley Hubbard, a member of the Koch brothers’ network of conservative advocacy groups who donates heavily to political candidates.

The Kochs have been keeping a close eye on Fiorina ever since she announced in May, the Koch sources said. They extended an invite to her to speak at their exclusive summit of rich donors at an oceanfront luxury resort in August along with Rubio, Bush, Wisconsin Governor Scott Walker, and Texas Senator Ted Cruz.

Fiorina, the lowest polling candidate at the gathering, impressed the big money attendees with her mastery of policy detail and heavyweight stage presence. “She’s good in the room,” said one participant at the event, who declined to be named.

The Fiorina campaign, and the independent fund-raising Super PAC supporting her, declined comment.

The Kochs, who own America’s second-largest private company, have backed Fiorina in the past, notably when she ran unsuccessfully against incumbent Democrat Barbara Boxer for her California Senate seat in 2010.

At the time, the Kochs had helped mount a campaign for Proposition 23, a ballot measure designed to suspend the state law banning higher carbon emissions that was ultimately defeated. Fiorina also supported the measure. A Koch Industries PAC helped sponsor a Washington fundraiser for Fiorina at the time and gave $10,000 to her campaign.

   As Fiorina’s money problems fade, some high dollar donors who have already contributed are now considering doubling down. Dallas philanthropist Elloine Clark has so far written one $100,000 check to the Super PAC supporting Fiorina. She says she may give more. “I think she’s unflappable,” said Clark. “And she doesn’t react like an adolescent.”   

Preview: Atalanta – Napoli

Napoli’s Serie A ambitions will be put to a stern test this weekend, as they travel to take on their bogey team Atalanta.

Flashscore presents the key facts before the match:

The hosts are yet to reprise the highs of last season, but are slowly capturing their best form. Having qualified for the knockout stages of the Europa League and progressing in the Coppa Italia at the expense of Napoli, Atalanta will look to climb from their seventh position in SA.

Napoli have put all their efforts into SA with the sole aim of toppling Juventus. The Champions League is out of the window now and so is the Coppa Italia, although they would have loved a domestic double! One-point clear at the top in SA looks slender, though, and Napoli know the importance of winning this game.

Atalanta’s home record in SA has been a mixed bag in ten matches (W5, D3, L2), during which they scored 19 goals (avg上海夜生活. of 1.9). Coming into this match, they have lost only once in their last seven SA games (W4, D2, L1).

Napoli are the ‘kings on the road’ this season, dropping points only against Chievo (0-0) in ten fixtures. They have scored 22 goals in these games, conceding just seven. Is that confidence enough to break their least favourite opponent?Tottenham’s Son to Napoli – “Why not” George Patchias – Tottenham Hotspurs Son Heung-min could possibly be interested in a move to Napoli.After recent comments about wanting to leave Spurs at one time, were…

Key battles: With four goals and five assists in SA so far, Atalanta’s Alejandro Gomez has seen his stock rise exponentially. Will he trip the leaders?

He will be up against Napoli’s Dries Mertens whose ten goals and six assists have been influential in his side’s early season run.

Stat attack: Atalanta have lost only once at home in six SA games against Napoli (W3, D2, L1). They lost their last home game against Cagliari and the last time they lost two in a row was in March 2016.

Missing players

Atalanta: M. De Roon (suspension)

Napoli: F. Ghoulam (knee injury), A. Milik (knee injury)

Silva: “We need to show how good we are”

It has been a very difficult season so far for Watford – after their great start to the campaign, their manager, Marco Silva, was linked with a move to Everton and since then, the performances and results of the team have been getting worse and worse…

The Hornets managed to gain just one point from their last six Premier League matches and this situation can be called a huge crisis after their terrific start to the season. To be added, they will miss their suspended captain Troy Deeney in their upcoming home fixture against Leicester City and Marco Silva urged his players to finally show up and prove their worth.

The former Hull C上海夜生活论坛ity coach spoke about this difficult situation as he said, according to Sky Sports: “In the Premier League we have to work really hard to achieve good results like we did at the start of the season. Of course, we now have big problems with some players (injuries and suspensions). We knew this could happen with our team and in this moment we need to find the solutions.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He also added that he can’t blame just his side’s huge absences: “Not only for us. I think for every team, if you miss four, five players from your starting XI, of course, it’s different. We have 25, 26 players and it’s the moment for everyone to play and to show [their] quality as well.”

In the end, Marco Silva admitted that the mood is not entirely great at the moment: “Of course, nobody is happy in this moment. When you win your face is different to when you didn’t achieve a good result. Like you imagine, in this moment our face in the dressing room is not the best but it’s the football. Our obligation as a team is to keep all together. I believe and I hope and I’m sure we’ll continue all together to change the situation.”

Pochettino believes that Kane is the world’s best striker

Mauricio Pochettino, the Tottenham Hotspur coach, admitted that he considers Harry Kane to be the best striker in the world after he managed to score another hattrick to help his side with beating Southampton 5-2.

The Englishman had scored one hattrick in his side’s previous match against Burnley and he repeated it once again today – and thanks to these six goals, he has become the world’s top-scorer in 2017, surpassing Lionel Messi. And his coach, Pochettino, believes that he is currently the best stri上海夜网ker in the world and he proves it in every single match he has played this season so far.

The former Southampton coach spoke about this achievement as he said, according to Sky Sports: “First of all I want to congratulate Harry Kane, a massive achievement for him, well deserved. And we are all so, so, so, so happy because it’s an amazing thing to celebrate. For me, he’s world class. I think today, (number) one striker in the world, specific position, who’s better than him?”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He continued by adding that it is well-deserved for the Englan international: “He deserves everything. It’s been nine years between [Cristiano] Ronaldo and [Lionel] Messi, and now Kane’s name is there. It’s a fantastic achievement and I’m so happy for him. I’d like to congratulate him. Well done. It’s not surprising to us because every day we see how he works, the determination, how professional he is and how he takes care of himself.”

In the end, Mauricio Pochettino insisted that Kane is a great example for anybody: “I’ve told everyone that he is a great example for everybody, not just because of his goals. Professional is a massive word, and you need to include everything there inside – he’s a very good example of how a player behaves like a professional.”

Giggs thinks that United are still the best in Manchester

Ryan Giggs still thinks that Manchester United have to be considered as a bigger and more successful club than Manchester City are – and the Citizens have to start winning trophies to change that fact.

Pep Guardiola’s Manchester City are expected to clinch their first Premier League since 2014 when they managed to gain it under Manuel Pellegrini – since then, they failed to win it again and Giggs thinks that they can’t be considered as the best team in Manchester because of that. Now, there is an eight-point gap between these two and José Mourinho will be looking for closing it in the upcoming fixture.

The former Manchester United player and legend spoke about the differences between these two as he said, according to Sky Sports: “There are more academy players coming through at United than there are at City. United won two trophies last year, and City haven’t won any for a couple of years. They a上海夜生活re obviously very good, and with the spending power that they have got, every year they get closer, but still, United, with the record that they have got, to go with the top manager and the top players, are still on top, but the gap is closing.”Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

He continued by adding that City can be considered as a big contender: “With that spending power, and the coach that they have got, they will be very difficult to stop them over the next couple of years because they are playing unbelievable football. But until you win that trophy, you can’t start comparing them to Arsenal’s Invincibles or other teams who have won the Premier League.”

Phil Neville, another TV pundit, mentioned that City are just at the beginning of their journey: “They are still putting those building blocks in place. They are dominating and, at this moment in time, they are the best team, in Europe, they are playing the best football, but you have to measure success on winning trophies. They have a fantastic training ground, an academy that can produce top players, but not in great numbers. These are the sort of things where they need to match United. Winning trophies is how this team will be defined.”

Shearer slams Liverpool’s title chances

Former England and Newcastle striker Alan Shearer believes that the Reds have way too many problems in the back to challenge for the Premier League trophy.

Liverpool have had an indifferent start of the season, recording only three wins in seven games, and currently sitting seven points adrift of table leaders Manchester United and Manchester City. Just like last season, the Merseyside club is struggling in the back, conceiving easy goals almost every single game. Not only are Liverpool sloppy when it comes to defending, but they are also struggling to materialize on the chances they create, which leaves Shearer convinced that Liverpool are not capable of challenging for the title this season.

The former English striker was questioned which team left him underwhelmed this season and Shearer responded: “Liverpool. Going forward, creating chances, they haven’t scored enough goals.” he said, according to Goal.

“And defensively they’ve been as poor as ever. Nothing has changed from last season.

“I was at the game when they played Newcastle. Same old problems defensively, had a lot of the ball in the first half and should have killed the game off.Crouch: Mane & Salah have a healthy competition for goals Andrew Smyth – Peter Crouch reckons Sadio Mane has doubled his value in recent seasons, and boasts a “healthy competition” with Liverpool team-mate Mohamed Salah for goals.

“One great goal from [Philippe] Coutinho but other than they were poor going forwa上海夜生活rd.

“They’ve got no chance of winning the Premier League playing like that.”

Even though the Reds sealed a top four finish last season, their defensive issues remain unsolved and Shearer believes that Klopp could have done more to prevent that from happening.

“I know they got into the top four last season and got Champions League, which was a success. But one of their problems last season was conceding too many goals. And nothing has changed from last season to this season. [Klopp] constantly rotates the goalkeepers, which cant be helpful for the defenders.”

Barcelona to go back in for Coutinho

Barcelona have not given up at the idea of signing Philippe Coutinho.

The Catalans will start negotiations again in January with Liverpool, for the transfer of the Brazilian midfielder, according to El Mundo Deportivo. 

During the summer, Liverpool made it clear that they are not interested in allowing Coutinho to move, not even for €200m. However, Barcelona believe that if the player continues to put pressure on his club, he will eventually be allowed to move to Spain.Opinion: FC Barcelona needed to end the internal war Tomás Pavel Ibarra Meda – After a victory at Camp Nou, we believe that FC Barcelona did well by ending the internal war between players and the board ASAP.Those…

The Catalans are ready to submit an initial offer of €80m and another €30m in bonuses, counting on the player’s public desire to play for them. Barcelona lost Neymar to PSG in上海夜网 the summer in a record-breaking deal of €222m and brought in Ousmane Dembele from Borussia Dortmund as a replacement, paying €105m for the French forward. However, the 20-year-old got injured and will be unavailable for the next 2-3 months.

Therefore, Barcelona are still looking to add some quality players to their squad. The club’s general director, Oscar Grau, said: “We are ready to sign with Coutinho or with any other player that the technical staff wants this winter. We want the most competitive team possible.”

Preview: Sporting – Olympiakos Piraeus

Sporting are still hoping to reach the knockout stages of Champions League. They are currently third in Group D, three points behind Juventus. At th上海夜网e same time, the Portuguese are three points ahead of their opponents today.

Flashscore presents the key facts before the match:

Sporting CP welcome Greek side Olympiakos to the Estádio José Alvalade for this Champions League (CL) Group D round 5 tie. This group looks to be the so called “group of death” as both of these sides were always up against the odds with Barcelona and Juventus being drawn in the same group.

The hosts have a slight glimmer of hope of qualification if Juventus lose at home and they can capitalise with a victory – this would set up a very tight final gameday in which Sporting must win in order to qualify. However, the Europa League looks like a more likely destination, even though we all know that stranger things have happened in football!

The reverse fixture in Piraeus, Greece, turned out to be a very tasty encounter. A 5-goal thriller in which Sporting came away with the win (3-2). That game was not quite as close as the scoreline suggests, as the Portuguese outfit were already 3 goals to the good by the break, with Felipe Pardo managing to score 2 last-gasp goals for Olympiakos in stoppage time.

Reports coming from Greece described that last game as “one of the worst nights in Olympiakos’ history”. They were simply spectators to a strong Portuguese side who scored 3 goals, hit the woodwork 3 times, and missed 5 one on one opportunities – the red and whites will be looking for redemption tonight in a must-win encounter.Koulibaly warns about Genk danger Nedim Maric – The reliable Napoli defender, Kalidou Koulibaly warned his team about Genk’s quality as he’s played for the Belgian side in the past.Napoli opened their…

Sporting are much less prolific on home soil. They have scored 15 goals in their last 11 home games, in contrast to their record of 25 goals in their last 9 away games. Olympiakos have lost 4 of their last 6 away from home, conceding on average 2 goals per game in this time.

Olympiakos are yet to win in the competition thus far (D1, L3), but may take inspiration from their stalemate vs the mighty Barcelona. They now must come up with 2 massive performances to retain any hope of European glory this term.

In the prematch presser, Olympiakos coach Takis Lemonis spoke of the team’s determination to qualify for the Europa League and their approach to this game: “Victory is imperative for us, but it’s not imperative to field a hoard of strikers.”

Missing players

Sporting: S. Coates (suspension), S. Doumbia (injury), J. Silva (knee injury)

Olympiakos Piraeus: E. Emenike (injury), E. Ben (doubtful), H. Milic (doubtful).

Benitez: “The difference was evident”

Following his Newcastle City’s 4-1 loss to Manchester United away from home, Rafael Benitez admitted that the gap between these two teams is simply too big – also because of the money spent on the signings.

Newcastle fell at Old Trafford despite taking the lead through Dwight Gayle and impressing early on, with goals from Anthony Martial, Paul Pogba, Chris Smalling and Romelu Lukaku continuing the hosts’ fine home form, according to Sky Sports. Benitez previously claimed that he was not happy with his side’s summer spendings and he admitted that the difference was not hard to be seen.

The former coach of Real Madrid or Chelsea spoke about this difference as he said: “For sure. This time, you see the difference between money spent. It’s not something we didn’t know, we knew it would make a massive difference between both teams. But I am really pleased with what I saw in the first 30 minutes.”Top 5 Premier League players in September’s last weekend Tomás Pavel Ibarra Meda – A fresh Premier League fixture just ended, which means we can talk about the Top 5 best players of September’s last weekend.After a fresh…

He added that the turnover of the match the equalizer from Martial: “I think it’s a quite simple analysis, a really good first half for 30 minutes, everything was right, we were working hard, we had a clear idea what to do, we did well. And then we conceded a goal, then the second goal made a difference in terms of the mentality. We had the chance of [Isaac] Hayden, later on, but we couldn’t score.”

Rafael Benit上海夜生活ez, in the end, claimed that he is proud of his players for the overall performance and the effort: “The second half was more difficult because of the belief that we had in the first half, to keep this belief until the end, it depended on the goal. And then when we conceded the third goal it was a different game. But I am really pleased and really proud of my players in their first 30 minutes. And after when you pay big money for players, they can make the difference, so you make mistakes, you pay for that because you play against top-class players.”

Kola\u0161inac admits he was nervous about working with Wenger

The full-back has certainly been one of the surprises from the transfer window following a run of great performances for the Gunners.

Sead Kolašinac joined Arsenal on a free transfer from Schalke during the close-season, but has turned out a great bargain. The 24-year-old has settled in perfectly at the club from north London, but he admits he was nervous about working with his new manager.

The defender quickly became a fan favourite, featuring in almost every Premier League game so far and even scoring in Arsenal’s上海夜网 3-1 win over Koln. Kolašinac believes he has developed well at the Emirates Stadium and insists he is happy to work under Wenger despite having second thoughts about it in the beginning.Strachan: Arsenal’s Kieran Tierney similar to Virgil van Dijk Andrew Smyth – Gordon Strachan believes Arsenal new signing Kieran Tierney is a similar kind of defender to Liverpool star Virgil van Dijk.

“It is really a lot of fun to work alongside a manager like Wenger. He has been here ever since I can remember,” he told Arsenal’s website.

“At the start, maybe I was a bit nervous to work alongside him. The fact that he speaks German really helps me – it made it a lot easier again for me to settle in here. He is good to work with.

“The season is young but I am happy with how I’ve developed and how I have started. But I have got more potential to get better and I want to show that in the coming games.”

Valverde defends Piqu\u00e9’s handball

The Catalan boss believes the defender’s handball was simply instinctive.

Barcelona head coach Ernesto Valverde was adamant that Gerard Piqué acted unconsciously when he reached for the ball with his hand. The full-back was sent off as a result of the handball since he already had a yellow card, but Valverde is certain that the Spaniard’s actions were uninten上海夜生活网tional.

Speaking after the game, as quoted by Football Espana, Valverde stated: “When I watch games on TV, they seem placid, but it’s not the case,”

“We knew they’d get stronger once we went down to 10 men. That’s why we needed to find a second goal, so things would become easier.

“They came to defend and find a goal on the counterattack. With our opponents playing so deep, it was tough to find rhythm. Why take risks if they played deep and we had 10 men?Victor Lindelof’s agent confirms Barcelona interest Andrew Smyth – Victor Lindelof’s agent confirmed that Manchester United blocked a move to Barcelona for his client during the summer transfer window.

“Opponents disappointing? Olympiacos aren’t top [of their League] and came with the idea of surprising us in order to gain mental strength.

“They played a game that suited them, but we came away with very clear ideas.

“Piqué? I haven’t seen the replays, but I’d imagine it was all instinct, with the goal so close to him.”

Barcelona did not stop their perfect run in the Champions League as they now have three wins in three games, leading undisputedly their group in Europe.

Naby Ke\u00efta saga is over

The 22-year-old will remain at RB Leipzig ‘100 percent’ says the manager.

RB Leipzig head coach Ralph Hasenhüttl has ended all speculations regarding the future of Naby Keïta for the upcoming season.

The midfielder was heavily speculated amid Liverpool interest, with the Reds seeing two bids rejected from the Bundesliga side. Latest media reports suggested that Klopp’s side are prepa上海夜生活ring a third bid, but the speculations appear to be false.

Leipzig boss has confirmed that Liverpool’s interest is over and Keïta will not be going anywhere, since he is of great importance to his team.

According to the Guardian, the Ralph Hasenhüttl said:

“The chance [of Keïta leaving] is null,Top 5 – Performers in Bundesliga this weekend Boro Tanchev – The fifth Bundesliga round is not over yet, but we have to name our the top 5 performers in top-flight German football over the past weekend.

“It’s 100% clear that Naby Keïta will play this year in Leipzig.

“At the beginning of the transfer period that we said we would start with the same team and of the players we had last year no-one will go.

“For us, everyone can see how important Naby is for our game. It’s 100% sure that he will be with RB Leipzig in the Champions League.”

RB Leipzig stormed through the Bundesliga last season as they finished second behind the giants from Bayern Munich. Keïta played a vital part in their journey to the second spot as he scored eight goals and provided seven assists. Ever since his incredible season, the Guinean has been linked with a move away from the German club, but that will not be the case.

“When you play such a famous season as last year it is normal players get interest, that other clubs are watching us is normal,” Hasenhüttl said.

“I said for all the players it is very important to stay together as it’s the first time we play Champions League and that is a new situation for every one of us.”

House panel, Justice Dept end standoff over Mueller documents

WASHINGTON ( ) – The House Intelligence Committee pulled back on Wednesday from threats to enforce a subpoena against Attorney General William Barr after the Justice Departm上海夜生活论坛ent agreed to turn over materials relating to an investigation into Russian election interference.

The decision ended a standoff between the Democratic-led committee and the Justice Department for access to counterintelligence reports generated by Special Counsel Robert Mueller during his probe of President Donald Trump and his associates.

The dispute, one of many between the Republican administration and the Democrat-controlled House of Representatives, has come as Trump refuses to cooperate with numerous congressional probes into matters ranging from his personal finances and business dealings to Russian meddling in the 2016 presidential election.

“The Department of Justice has accepted our offer of a first step toward compliance with our subpoena, and this week will begin turning over to the Committee twelve categories of counterintelligence and foreign intelligence materials as part of an initial rolling production,” U.S. Representative Adam Schiff, the committee chairman, said on Wednesday.

Schiff canceled a committee meeting to consider enforcement action on Wednesday.

Barr, the top U.S. law enforcement official and a Trump appointee, on May 2 snubbed the House intelligence committee, which voted to hold him in contempt of Congress for not handing over a full, unredacted Mueller report.

In a letter to Schiff on Tuesday, the Justice Department said it was willing to give Intelligence committee members and staff closed-door access to additional material if Schiff does not move forward with his threats to hold the department in contempt.

However, a request to the Justice Department from the Senate Intelligence committee for the same materials was still pending, a congressional source said.

The White House has accused Democrats of playing politics with the congressional probes.

U.S. hiring slows; shorter factory workweek a red flag

WASHINGTON ( ) – U.S. job growth slowed in July and manufacturers slashed hours for workers, which together with an escalation in trade tensions between the United States and China could give the Federal Reserve ammunition to cut interest rates again next month.

The Labor Department’s closely watched monthly employment report on Friday came a day after President Donald Trump announced an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, a move that led financial markets to fully price in a rate cut in September.

The U.S. central bank on Wednesday cut its short-term interest rate for the first time since 2008. Fed Chairman Jerome Powell described the widely anticipated 25-basis-point monetary policy easing as insurance against downside risks to the 10-year old economic expansion, the longest in history, from trade tensions and slowing global growth.

“Fed officials don’t exactly have mud in their eyes after cutting interest rates this week as job growth is slowing with the rest of the world,” said Chris Rupkey, chief economist at MUFG in New York. “We see nothing in today’s report to stop a second rate cut next month.”

Nonfarm payrolls increased by 164,000 jobs last month, the government said. The economy created 41,000 fewer jobs in May and June than previously reported. July’s job gains were in line with economists’ expectations.

Underscoring the moderation in hiring, the average workweek fell to its lowest level in nearly two years in July as manufacturers cut hours for workers. Hours were also reduced in other industries, contributing to the workweek’s drop to 34.3 hours, the fewest since September 2017, from 34.4 hours in June.

“The decline in hours worked suggests that employers may be pulling back more than headline hiring would suggest,” said Andrew Schneider, a U.S. economist at BNP Paribas in New York.

Related CoverageAtlanta Fed model lowers U.S. third-quarter GDP growth estimate to 1.9%N.Y. Fed model slashes U.S. third-quarter GDP estimate below 2%See more stories

A measure of hours worked, which is a proxy for gross domestic product, fell 0.2% in July, pointing to weak output.

The U.S.-China trade war is taking a toll on manufacturing, with production declining for two straight quarters. Business investment has also been hit, contracting in the second quarter for the first time in more than three years and helping to hold back the economy to a 2.1% annualized growth rate. The economy grew at a 3.1% pace in the first quarter.

The White House’s “America First” policies are also restricting trade flows. A separate report from the Commerce Department on Friday showed sharp declines in both imports and exports in June, leading a 0.3% dip in the trade deficit to $55.2 billion during the month.

Job gains over the last three months averaged 140,000 per month, the fewest in nearly two years, compared to 223,000 in 2018. Economists say it is unclear whether the loss of momentum in hiring was due to ebbing demand for labor or a shortage of qualified workers.

Still, the pace of job gains remains well above the roughly 100,000 needed per month to keep up with growth in the working-age population. The unemployment rate was unchanged at 3.7% in July as 370,000 people entered the labor force.

Despite the lowest jobless rate in nearly 50 years, wage gains remain moderate, contributing to a tame inflation environment, which could be supportive of a rate cut at the Fed’s Sept. 17-18 policy meeting.

Inflation has undershot the central bank’s 2% target this year, rising 1.6% on a year-on-year basis in June after a 1.5% gain in May. Average hourly earnings rose 8 cents, or 0.3%, in July, after the same increase in June. That lifted the annual increase in wages to 3.2% in July from 3.1% in June.

Financial markets have fully priced in a rate cut in September and the chances for further easing in December have increased, according to CME Group’s FedWatch tool.

The dollar .DXY was trading lower against a basket of currencies, while U.S. Treasury prices rose. Stocks on Wall Street tumbled to a one-month low.

ECONOMY COOLING

Even with the step-down in employment growth and moderate wage gains, the labor market is supporting the economy as the stimulus from last y上海夜生活网ear’s $1.5 trillion tax cut package fades. The economy is expected to grow around 2.5% this year.

There was some encouraging news on the jobs market. The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, rose to 63.0% in July from 62.9% in June.

A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment, fell two-tenths of a percentage point to 7.0% last month, the lowest level since December 2000.

The moderation in hiring was led by construction, which increased payrolls by 4,000 jobs after creating 18,000 positions in June.

Manufacturing employment rose by 16,000 jobs after advancing by 12,000 in June. The strong gains are at odds with weak factory activity. A survey on Thursday showed manufacturing employment hit its lowest level since November 2016 in July.

The sector, which accounts for more than 12% of the U.S. economy, is also battling an inventory bulge and design problems at aerospace giant Boeing Co (BA.N). The manufacturing workweek dropped 0.3 hour to 40.4 hours, the lowest since November 2011. Factory overtime fell by 0.2 hour to 3.2 hours.

“A prolonged drop in hours worked signals that businesses may reduce hiring, with layoffs and cutbacks in private spending to potentially follow, said Beth Ann Bovino, U.S. chief economist at S&P Global Ratings in New York.

Government employment increased by 16,000 jobs in July, boosted by local government hiring, adding to June’s gain of 14,000. Professional and business services employment rose by 38,000 jobs last month.

There were also increases in healthcare, leisure and hospitality, financial activities and wholesale trade employment. But retail payrolls dropped by 3,600 jobs, declining for a sixth straight month.

Toymaker Hasbro profit draws power from ‘Avengers’, ‘Magic’ card game

( ) – Hasbro Inc (HAS.O) on Tuesday beat Wall Street estimates for quarterly profit, powered by higher demand for action toys of blockbuster “Avengers: Endgame” and collectible card game Magic: The Gathering, sending its shares to a record high.

The toymaker has been tying up with movie studios such as Paramount Pictures and Walt Disney Co (DIS.N) to boost sales of toys linked to big movie franchises as it recovers from the bankruptcy of retailer Toys ‘R’ Us.

Earlier this month, Marvel’s “Avengers: Endgame,” the end of a decade-long superhero series featuring Iron Man, Hulk and other popular comic book superheroes, became the highest grossing film of all time.

Revenue from partner brands, which includes tie-up with Disney, climbed 3% in the second quarter, while sales from Hasbro-owned brands, its largest business, gained 14%, mainly driven by Magic: the Gathering, Monopoly, Pla上海夜生活y-doh and Transformers toys.

The toymaker also reaffirmed its full-year growth forecast, banking on the lineup of big movies such as “Star Wars” and “Frozen” and new products such as Fortnite-themed Nerf guns and games under Magic: The Gathering, Dungeons & Dragons.

Stifel analyst Drew Crum said the strong entertainment line-up, new Power Rangers toys and easing impact from Toys ‘R’ Us set the company for a healthy second-half.

Hasbro has been spending more to digitize Magic: The Gathering and host e-sports events for the game to attract consumers who prefer video games and mobile entertainment.

The efforts paid off as revenue from entertainment, licensing and digital segment jumped 28% in the quarter.

It has also been spending to move more inventory into the United States than usual in the face of potential additional U.S tariffs on imports from China.

Related CoverageHasbro says additional tariffs may lead to higher product prices

Despite the additional costs, Hasbro’s margins improved by 250 basis points and it earned 78 cents per share compared with expectations of 50 cents, according to IBES data from Refinitiv.

Net revenue rose by a better-than-expected 8.9% to $984.5 million.

Shares of the toymaker rose as much as 10.3% in morning trading and lifted those of rival Mattel Inc (MAT.O) 3%. Mattel is expected to report second-quarter results later this week.