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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)

At U.N., U.S. tells Russia it’s isolating itself by backing Assad

UNITED NATIONS ( ) – The United States told Russia at the United Nations on Wednesday that it is isolating itself by continuing to support Syrian President Bashar al-Assad, while Britain said its scientists found sarin was used in a deadly toxic gas attack on Syrian civilians last week.

Russia is set to block a push by Western powers at the United Nations later on Wednesday to bolster support for international inquiries into the April 4 toxic gas attack in Syria. It will be Moscow’s eighth veto in support of the Assad government since the Syrian war began six years ago.

“To my colleagues from Russia – you are isolating yourselves from the international community every time one of Assad’s planes drop another barrel bomb on civilians and every time Assad tries to starve another community to death,” U.S. Ambassador to the United Nations Nikki Haley, told the U.N. Security Council.

During a heated Security Council meeting, Russia’s deputy U.N. envoy Vladimir Safronkov told the 15-member body that Western countries were wrong to blame Assad for the attack in the town of Khan Sheikhoun.

“I’m amazed that this was the conclusion. No one has yet visited the site of the crime. How do you know that?” he said.

The attack prompted the United States to strike a Syrian air base with cruise missiles and worsened relations between the United States and Russia.

President Vladimir Putin said on Wednesday trust had eroded between the two countries under President Donald Trump, as Moscow delivered an unusually hostile reception to Secretary of State Rex Tillerson in a face-off over Syria.

Britain’s U.N. Ambassador Matthew Rycroft told the Security Council that samples taken from the site of the gas attack, in a rebel-held area of northern Syria, have tested positive for the nerve gas sarin.

He accused Russia of siding with “a murderous, barbaric criminal, rather than with their international peers.”

Safronkov, who demanded Rycroft look at him while he was speaking, responded: “I cannot accept that you insult Russia.”

Haley also accused Iran of being “Assad’s chief accomplice in the regime’s horrific acts,” adding: “Iran is dumping fuel on the flames of this war in Syria so it can expand its own reach.”

Western powers blame the gas attack, which killed scores of civilians – many of them children – on Assad’s forces. Syria’s government has denied responsibility for the attack, which prompted a U.S. strike on a Syrian air base.

Syrian U.N. Ambassador Bashar Ja’afari said Syria had sent dozens of letters to the Security Council, some detailing “the smuggling of sarin from Libya through Turkey on a civilian air plane by using a Syrian citizen.”

“Two litres of sarin were transported from Libya through Turkey to terrorist groups in Syria,” he said, adding that the government does “not have these weapons.”

U.N. Syria mediator Staffan de Mistura warned the Security Council on Wednesday that fragile progress in peace talks was now “in grave danger.”

(This上海夜生活 version of the story has been refiled to fix garbled words in first paragraph)

UPDATE 2-China banks temper April lending as debt worries rise, but all eyes on U.S. trade threat

* April new loans at 1.02 trln yuan vs forecast 1.2 trln yuan

* April M2 money supply up 8.5 pct y/y, in line with forecast

* April TSF at 1.36 trln yuan vs forecast 1.7 trln yuan (Adds analyst quote)

BEIJING, May 9 ( ) – Chinese banks throttled back new lending in April after a record first quarter that sparked fears of more bad loans, but analysts say the central bank will have to keep up policy support for the economy due to escalating trade tensions with the United States.

Global investors are closely watching to see how much more support Beijing injects into the economy to shore up growth. But expectations that it may be moving to a more cautious approach shifted wildly this week after a sudden blowup in U.S.-China ties.

Chinese banks extended 1.02 trillion yuan ($150.16 billion) in net new yuan loans in April, the central bank said on Thursday, well below analysts’ expectations of 1.2 trillion yuan in a poll and March’s surprisingly strong 1.69 trillion yuan.

The credit data was released unexpectedly early, hours ahead of the resumption of last-ditch U.S.-China trade talks and a day ahead of a threatened U.S. tariff increase on Chinese goods. The numbers are usually released between the 10th and 15th of every month.

U.S. President Donald Trump stunned global financial markets on Sunday by announcing the tariff measures, which Beijing later said it will retaliate against. Investors had been betting on news of a trade agreement soon that would relieve pressure on both economies.

While China’s April lending levels have tended to moderate from March in past years, investors had been looking to details of the data for clues on how much more policy easing to expect.

Policy insiders told late last month that China’s central bank is likely to pause to assess economic conditions before making any further moves to ease banks’ reserve requirements, after better-than-expected March growth data reduced the urgency for action.

While the central bank’s easing bias remained unchanged, the sources said it was concerned that pumping too much cash into the economy could reignite bubbles over time, and it wanted to save some of its policy ammunition in case activity deteriorated again.

April’s more modest lending levels suggested Beijing was fine-tuning its policy stance last month, economists at Nomura said in a note.

But they added: “We expect a rebound of money and credit in May.

“The sudden escalation of U.S.-China trade tensions and the recent sharp drop of stock prices could convince Beijing to take further easing measures to bolster confidence and stabilize growth.”

CREDIT GROWTH KEY TO RECOVERY

Thursday’s data also showed that broad M2 money supply in April grew 8.5 percent from a year earlier, in line with market estimates but dipping slightly from March.

Outstanding yuan loans grew 13.5 percent from a year earlier, slightly lower than expectations and March’s 13.7 percent.

Growth of outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, slowed to 10.4 percent from a year earlier from 10.7 percent in March. TSF growth is a rough gauge of credit conditions.

Total TSF in April fell much more than expected, to 1.36 trillion yuan from 2.86 trillion yuan in March.

Optimism over the outlook for the world’s second-largest economy has improved recently, although preliminary economic data for April showed growth had become more subdued.

But analysts say the Chinese economy is not out of the woods yet, and the chance of reaching a trade deal during Vice Premier Liu He’s visit has declined, adding more uncertainties which might prompt policymakers to take swifter and stronger action.

Top officials have repeatedly vowed not to open the credit floodgates in an economy already saddled with piles of debt – a legacy of massive stimulus during the global financial crisis in 2008-09 and subsequent downturns.

The central bank has cut banks’ reserve requirements five times over the past year,上海夜生活网 and on Monday announced a smaller targeted cut to help cash-strapped smaller firms.

It has also guided money market interest rates lower in various ways, but has not cut benchmark policy rates as it did in the past.

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.

In Silicon Valley, some Indian Americans shun Clinton after election row

SAN FRANCISCO ( ) – Hillary Clinton, who has long cultivated the Indian-American community for both funds and votes, is tapping into the excitement around the Silicon Valley visit of Indian Prime Minister Narendra Modi this weekend. Next Monday she is holding a presidential campaign fundraiser expected to attract many prominent Californians with ties to India.

    But some Indian-American Democrats from the region have told they won’t be attending the event, in part because they are upset about the way a candidate was treated in a 2014 race for a Silicon Valley congressional seat. Their frustration extends to other Democratic candidates and causes besides Clinton, who wasn’t involved in the race, but ignoring her campaign is a high-profile way to vent.

    Supporters of the candidate, Ro Khanna, an intellectual-property lawyer of South Indian heritage, accuse his opponent, fellow Democrat Mike Honda, of using race-baiting to undermine Khanna. Honda narrowly beat out Khanna, a former trade official in President Barack Obama’s administration, in the election for a seat in the House of Representatives.

    Just weeks before the election, Honda attacked Khanna in a television ad for supporting “companies that send our jobs overseas.” In the same ad, a shadow briefly appeared on Khanna’s forehead that some Khanna supporters interpreted as a bindi, a red dot worn by many Indians but not by Khanna. 

    Khanna’s supporters point out that in 2012 he published  a book on the importance of U.S. manufacturing jobs, and they say that the shadow was an attempt to spark unease among non-Indians. They say the Democratic Party should have intervened to stop what they saw as unfair attacks.

    Honda spokesman Adam Alberti says Khanna’s financial backers included supporters of outsourcing, and no dot was placed, or is visible, on Khanna’s forehead in the ad in question.

    “The issue of racial baiting is both unfounded and is shallow political theater,” said Alberti, adding that as a Japanese-American who was held in an internment camp as a baby during World War II, Honda is especially committed to racial diversity. In March, Honda co-hosted a networking and fundraising event for “Ready for Clinton,” the organization that sought to draft Clinton to run for president.

    Among those who say they aren’t going to Monday’s Clinton fundraiser, or getting involved in other Democratic campaigns out of concern at Khanna’s treatment, is Rahul Roy, a software entrepreneur. “It hurts,” he says. Roy recently hosted a fundraiser for Khanna, who is  running for the seat again in 2016.

    The Clinton campaign says it is concentrating on the large numbers of Indian Americans that back her. “Hillary Clinton is grateful for the broad support she is receiving across the Indian-American and Asian-American and Pacific Islander communities in California and around the country,” a spokesman said. He did not respond to questions from about the disquiet over the 2014 election.

SOCIAL JUSTICE

    Certainly Clinton has been raising funds in Silicon Valley, where donations to her and an organization raising money on her behalf from area technology employees have totaled $1.07 million through June 30, according to the Center for Responsive Politics.

    And some Khanna supporters are raising money for her. Monday’s Clinton fundraiser – which she is due to attend in person – is being hosted in their home by Khanna supporters Kamil Hasan, a venture capitalist, and his wife Talat Hasan, an entrepreneur. Tickets start at $1,000, and it is expected to attract at least 150 donors, according to a person familiar with the event.

    Khanna’s supporters have shown a largesse that any presidential candidate would want to tap into. He has raised $1.25 million through June 30, far more than most congressional candidates, and more than double the $608,上海夜生活000 raised by Honda.

    “Some of the attacks were very xenophobic,” said Naren Gupta, a Khanna donor and co-founder of investment firm Nexus Ventures, who said the party should have stepped in. He stopped short of saying the issue would affect his support for other Democratic candidates. He is not expected at the Hasan fundraiser, according to the person familiar with the event.

Gupta is also co-chairman of the Indo-American Community of the West Coast, which is helping organize Modi’s appearance before a capacity crowd of 18,000 at the SAP Center in San Jose on Sunday.

    Other donors, like Facebook millionaire turned venture capitalist Chamath Palihapitiya, think Khanna should have hit back harder.

    “You’ve got to be willing to take the gloves off and fight,” said Palihapitya, who donated $2,600 to Khanna in the last race and said he planned to support him again this time. He hasn’t made up his mind about who he might support in the presidential race, he said.

Through spokesman Hari Sevugan, Khanna took credit for bringing many South Asians and technology workers into the political arena for the first time. Now, many of those recruits feel alienated, the spokesman said. Khanna himself didn’t comment directly on the 2014 race or its fallout, but in an email said Indian Americans feel strongly about social justice, and the Democratic Party “needs to do a better job recognizing that.”    

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.”

Capello slams Bonucci

The former Rossoneri coach has criticized AC Milan’s skipper after a poor start at San Siro.

Fabio Capello has slammed Leonardo Bonucci, insisting he cannot defend and was simply lucky to play in Juventus’ system that suited him well.

The Italy international completed a rather controversial move during the summer, swapping Serie A champions Juve for the Rossoneri in a €42million deal. However, he has been struggling to find his form since his arrival at AC Milan.

And former Rossoneri boss Capello, who led Milan to four Serie A titles and 1994 Champions League, has offered his assessment of Bonucci’s qualities.Jose Fonte recalls incredible first memory of Cristiano Ronaldo Andrew Smyth – Jose Fonte has given a fascinating insight into Cristiano Ronaldo by recalling the time he first met the star during his Sporting Lisbon days.

“He’s the best Italian defender when he has the ball at his feet. He’s among t上海夜生活网he top three in the world,” Capello told Sky Sport Italia.

“But he can’t defend. He has big problems. It was ideal for him at Juventus, where he was free. It’s perfect for him to play in a three [in defence]. Playing in a four is hard.”

The Italy international has played 16 out of 18 Serie A games for AC Milan this season, with his team sitting 11th in the league table.

Liverpool chief admits uncertainty over Coutinho’s future

The Brazilian was Barcelona’s top priority over the summer and his recent showings on the pitch will certainly make the Catalans want him even more.

Liverpool chief executive Peter Moore insists that he does not know what will happen to Philippe Coutinho and whether the will still be at Anfield after the January transfer window. The 25-year-old was Barcelona’s target during the summer and reportedly submitted a transfer request to force a move through. However, the Reds’ leadership blocked the move and insisted that the ‘Magician’ is not for sale regardless of the money offered to the club.

However, Moore has now revealed that he does not have a ‘crystal ball’ only to further fuel the speculations regarding Coutinho’s future.

“[On Wednesday] I saw a player delighted to score a hat-trick in front of 54,000 fans. It’s all about Philippe on the pitch right now.” he said, according to Goal.

“As far as I’m concerned the squad in January is what we have. I have no crystal ball.”

However, the Reds official highlighted and lauded the job done by the recruitment team, expressing his delight with the signing of Salah, Chamberlain and Keïta.Leicester boss Brendan Rodgers relishing Liverpool return Andrew Smyth – Brendan Rodgers is relishing Leicester City’s trip to his old club Liverpool, whom he described as a “privilege” to work for during his three-year stint.

“From the perspective of competing, we do thing上海夜网s the Liverpool way,” Moore added.

“The chemistry that we build on the field – it’s not about buying the most expensive player.

“We haven’t been shy [in terms of spending]. Obviously, the Mohamed Salah purchase for many people has been the top acquisition of the season.

“We already have Naby Keïta coming and I think Alex Oxlade-Chamberlain is doing a tremendous job.

“The investments are being made. It’s hard to knock what you are seeing on the field right now.

Nemyar tried to have Barcelona excluded from UCL

Neymar left Barcelona this summer for PSG, but his departure did not come in the best terms.

PSG decided to pay the €222m release clause in the Brazilian’s contract and Barcelona were left powerless. The Catalans delayed as much as possible the sending of the relevant documents to France and therefore PSG were not able to register Neymar in time for their first match in Ligue 1.

Furthermore, Barcelona accused PSG of breaching the FFP regulations. However, Neymar hit back and has his own personal war going on with the Catalans. The Brazilian reported Barcelona to UEFA and asked for nothing less than the exclusion of the Catalans from Champions League, according to AS.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 25-year-old formulated a com上海夜生活论坛plaint against his former team, after Barcelona refused to pay the player’s father the €26m loyalty bonus for the extension on his contract until 2021. Neymar’s decision came after multiple consultations with his legal team, but UEFA decided to dismiss the case, deeming the Brazilian’s claims not founded.

According to Mundo Deportivo, Neymar and his father decided to give up their status as socios of the Catalan club, after the decision that came from UEFA.

PSG: The Champions League is very important

Paris Saint-Germain head coach Unai Emery told his players to focus, as they are about to secure a top-spot in their Champions League group

The French side’s manager asked the supporters of PSG to stand up for his men in their efforts of claiming the top-spot in their Champions League group ahead of their clash with Celtic on Wednesday.

The leaders of the French top-flight are also leading Group B of the competition, with four out of four wins, being 3-points ahead of biggest rivals Bayern Munich.

PSG were 3-0 winners in the mee上海夜生活ting between the two in September and have already secured their place in the latter stages of the competition, GOAL reports.

If they manage to defeat Celtic on Wednesday, it’s almost sure that they progress as group winners with two matches remaining after the current round.

Unai Emery reminded both the fans and the players of the club to stay focused and do their best to achieve a top finish.Report: Icardi opens PSG account in 0-1 win over Gala George Patchias – Mauro Icardi opened his goal-scoring account for PSG in a 0-1 away victory over Galatasaray.While Thomas Tuchel has begun to integrate Mauro Icardi into…

“For us, the Champions League is very important. We want to tread a path that gives us the best possibilities. Because of this, we are group leaders,” the manager told reporters.

“To keep our position, we need to win here. Bayern have improved [since PSG won 3-0 in Paris].”

“If we win this, we will not be thinking about anybody else. We need to stay focused on taking all three points and continuing to progress,” he added.

“We want fans to be vibrant towards the team and for the players to give their best on the pitch,” Emery asked the team and the fans.

The other game in Group B is Bayern travelling to Belgium to face Anderlecht knowing one point would be enough for them to advance to the next stage of the tournament.

The German side have won 3 out of their 4 games so far, with only one defeat against PSG back in the Carlo Ancelotti era.

Son fires Spurs to an important victory over Palace

Pochettino’s men struggled against the last team in the Premier League, but still clinched the three points.

Tottenham Hotspur won against Crystal Palace at Wembley Stadium, but their performance certainly was not their strongest of the season. The heroes for Spurs were Son, who scored in the 64th minute, and their third-choice goalkeeper Gazzaniga, who made a number of vital saves to help his team come out as a winner.

Mauricio Pochettino made five changes to his squad that started against Real Madrid during the week. Gazzaniga started his first game in the Premier League for the first time in 687 days. The other four new faces were Aurier, Rose, Son and Sissoko.

Wijnaldum looking to repeat Champions League success Nedim Maric – Liverpool are the reigning winners of the Champions League. However, this isn’t stopping them for aiming to get the glory once again.After a perfect…

Tottenham Hotspur were the team that dominated the ball and controlled the game for the greater part of the first half, but they never created a clear chance in front of the goal. The best opportunity was for Dany Rose in the 31st minute when he was left uncovered at the back post, but his shot did not find its target.

Crystal Palace, however,  had the best chance during the first half. In the 36th minute Gazzaniga was forced to produce a brilliant save to prevent his team from conceding a goal after上海夜生活 a header from Dann that was going straight into the bottom corner.

Spurs goalkeeper was tested on a few more occasions by Townsend and Milivojević, but his saves were on point and denied Palace from opening the score.

In the 64th minute Tottenham took the lead through Son Heung-Min who precisely placed the ball into the left corner and wrapped up the final 1:0 in favour of Pochettino’s men.

The goal Son scored on Sunday put him as the the highest scoring Asian in the history of Premier League with 20 goals.

Preview: CSKA Moscow – Basel

CSKA and Basel both have three points after the first two rounds and they are currently third and respectively second in Group A.

Flashscore presents the key facts before the match:

CSK上海夜生活A Moscow have won 5 of their last 6 Champions League matches, but only 1 of their last 12 group games, which came in a 2-1 victory away at Benfica last month.

CSKA Moscow goalkeeper Igor Akinfeev has failed to keep a clean sheet in his last 41 group-stage and knockout matches in the Champions League, with his last one coming against Arsenal in November 2006.

CSKA Moscow have scored at least 1 goal in 15 of their last 18 home games in the Champions League, while Basel have failed to score in 7 of their last 11 away games in the competition.

There have been less than 3 goals in 7 of CSKA Moscow’s last 8 home games in the Champions League, while there have been at least 3 goals in 5 of Basel’s last 6 matches at this level.Can Marseille make it to the Champions League? Taimoor Khan – With a depleted workforce with not a lot of quantity or quality, Olympique de Marseille are bound to struggle this season. After being held…

Basel ended their 9-game winless run in the Champions League with a stunning 5-0 victory at home to Benfica in their last outing, largely thanks to an inspired performance from on-loan forward Dimitri Oberlin, who scored a goal in each half on his 20th birthday.

Missing players

CSKA Moscow: A. Dzagoev (achilles tendon injury), V. Berezutski (doubtful), A. Makarov (doubtful)

Basel: R. van Wlofswinkel (injury), G. Vailati (doubtful).

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.”

Juventus sign Howedes on loan

Benedikt Howedes has put pen to paper at Juventus and will play for the Italian side for at least one season.

Juventus have confirmed on their official website that they have completed the loan deal of the German central defender from Schalke.

The Bianconeri were looking for a replacement for Leonardo Bonucci, who left for Milan earlier this summer. Their search has now ended with the signing of Howedes on a one year loan deal. The world champion arrived earlier today in Turin and has passed his medical tests before signing the deal.Report: Mourinho rejects several offers amid Real Madrid talk Andrew Smyth – Jose Mou上海夜生活rinho has reportedly turned down several job offers in Europe as he eyes up a potential shock return to Real Madrid.

Juventus will pay €3m to Schalke for the loan of Howedes. The deal also includes an option to buy, which will be automatically activated if the central defender will play 25 competitive matches for Juve. In this case, the Italians will have to pay another €13m plus €3m in bonuses to Schalke.

The 29-year-old will play for the first time in his career for a different club than Schalke. He joined the Gelsenkirchen club as a trainee and advanced through the ranks, making 334 appearances for the club, during which he scored 23 goals and helped the team win the German Cup in 2011.

Howedes has 44 matches for the German national team and played an important part in their World Cup winning campaign in 2014.

Conte expects Morata to improve his fitness

The Blues boss has warned the new arrival he needs to get better.

Alvaro Morata made his first start for Chelsea in a 2-1 International Champions Cup defeat against Inter. The game took place in Singapore on Saturday and all goals were scored by Nerazzurri players. Jovetić and Perišić made it 2-0 for Spalletti’s side, while Kondogbia’s extraordinary own goal wrapped up the final 2-1.

The £70m Chelsea striker started on the left of the front three, but struggled to make an impression throughout the match.

Antonio Conte is aware that Morata needs time to adapt, but says the Spaniard needs to work on his fitness.

Speaking to media reporters after the game, Conte said:

“Morata is just starting to train with us,Too early to talk ab上海夜生活网out the Scudetto says Inter’s Godin George Patchias – Inter Milan’s summer signing Diego Godin says it is too early to start talking about the Scudetto.33 year old Uruguayan international arrived in Milan…

“He has to improve his condition a lot to adapt quickly into our team.

“He is working well but it has been only five days. Today he tried to do his best but for sure he has to improve.”

The Italian manager also thinks that the upcoming season will be a really tough challenge and all players should give it their all.

“We know it will be difficult in the new season. Two years ago the team ended the league in 10th place and we want to try to avoid this. Two coaches [Mourinho and Carlo Ancelotti] were sacked after they won the league so for sure I want to avoid it.

“We are working very hard and I hope to find the best solution in the future. We have a lot of young players and it is necessary to try to improve them.”

Pepe to Ronaldo: “Come with me at PSG\u201d

The Portuguese centre-back is one of the best friends of Ronaldo in football, as the pair shared the changing room at Bernabeu for close to eight years now.Written by Cosmin Mihalescu. June 19, 2017.

But with Pepe set to leave Santiago Bernabeu this summer, and Ronaldo’s recent tax evasion scandal, the centre-back is looking to take advantage of their friendship and try to persuade his co-national to join him at Paris Saint Germain.

According to the Spanish Press, Pepe sent a clear message to Ronaldo: “Come with me at PSG.” Pepe is known to be very close to make his move official to Paris.

Furthermore, the centre-back insisted: “The club didn’t defend you as they should have done”, touching on Ronaldo’s main complaint in relation to Real Madrid’s handling of his s上海夜生活论坛ituation.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

It’s not the first time Pepe is trying to hurt Real Madrid. Being now sure that he will leave in the summer, the Portuguese defender complained publicly about the way he was treated in the last year at Bernabeu, blaming Zidane for the lack of communication.

After having announced his intention to leave Real Madrid, Cristiano Ronaldo is now monitored by top clubs in the world. Besides PSG, Manchester United and Bayern Munich are also interested in the Portuguese forward, who has also attracted interest from China.

However, the player himself seems set on a return to Old Trafford, where Jose Mourinho would like to be reunited to his former player. Ronaldo has always said that Manchester United have remained in his heart.

PSG ready to activate Oblak\u2019s \u20ac100m buyout clause

Ligue 1 side h上海夜生活论坛ave been linked with several goalkeepers this summerWritten by – Nikolay Nikolov, June 18, 2017.

Paris Saint-Germain are prepared to trigger the €100 million buyout clause in Jan Oblak’s contract with Atletico, says goal.com.

Slovenia international has been intensely speculated over heading into the summer transfer window. He has been linked with Manchester United, Chelsea and Arsenal.

However, the club that wants to buy the 24-year-old has to meet Atletico’s demands and that means a record-breaking offer needs to be in place.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

At the moment, PSG are the favorites to sign the goalkeeper, as Ligue 1 side possess the financials required for the transfer and the goalkeeper position reinforcement will be their priority this summer. Moreover, Atletico will have to sell players, as they will be under a transfer embargo.

Recently the goalkeeper said: “In football, you never know, even one day before the market closes news come out. But for now, everything points towards me continuing at Atletico. I am happy and I believe that I’ll continue playing here next season.”

Last season, Oblak made 30 appearances for Atletico Madrid in LaLiga where he made 52 saves and kept 15 clean sheets. He has also featured in the Champions League 11 times.

Dolberg not getting ahead of himself

The Danish wonder kid has ruled out a big move at this stage of his career, saying he s上海夜生活网till needs to grow.Written by Cosmin Mihalescu. May 3, 2017.

Kasper Dolberg has recently attracted interest from the biggest teams in Europe and more so from a group of Premier League clubs. But the young Ajax striker is not thinking that much ahead. He prefers to focus on his development and feels that Ajax is the perfect club to grow.

Dolberg’s plans for the season were to grow as much as possible while playing for the second team of Ajax. But the transfer of Milik to Napoli has opened the door to a huge opportunity for the young striker: “My goal [this season] was to play for Ajax’s reserve team, become their best player and maybe get a few matches in the first team. But then Arek Milik went to Napoli and I got the chance.”

And the 19-year-old did not disappoint. He managed to score at his debut, in a match against Greek side PAOK in the Champions League qualifiers: “Then in the first game of the season I played and scored against PAOK in a Champions League qualifier. From that point, I was motivated. The coach gave me confidence to play in the way I’ve always done.”Inter Milan V Lazio: Players to Watch Taimoor Khan – Inter Milan are set to host Lazio at the San Siro on Thursday and the game is definitely going to be an exciting affair…

Dolberg continued his impressive rise and in November last year managed to score a hat-trick against NEC. He has then become the youngest foreign player to score a hat-trick in Eredivisie. Since then, he has added to his goal scoring record and he now has 14 league goals in the current season.

With interest from clubs like Liverpool, Everton, Manchester City and Manchester United, the wonder kid addressed the rumours of a potential transfer: “It’s too big a step to go to City or United now. It’s important to keep on playing, as I don’t know what could happen in the future.”

When asked about his preferences, the young Dane was evasive, trying to avoid closing any doors for the future: “I haven’t got a dream league. When I was young it was Barcelona [that was my favourite team], but once I got older I didn’t have one. In England, I followed Arsenal because of Thierry Henry, but it wasn’t like Arsenal was my favourite.”

Dolberg arrived at Ajax in the summer of 2016 from the Danish Superliga side Silkeborg. The scout who spotted him has previously brought Christian Eriksen and Zlatan Ibrahimovic to the Dutch capital.

European blockchain company Bitfury launches artificial intelligence unit

NEW YORK ( ) – European blockchain company The Bitfury Group, valued recently at more than $1 billion, has launched its artificial intelligence (AI) division, the company’s top official told in an interview.

The AI division will operate alongside Bitfury’s existing blockchain 上海夜生活网services and remain part of the company.Bitfury is one of a handful of blockchain companies around the world with at least a $1 billion valuation. That list includes Coinbase, a U.S.-based exchange, and China’s Bitmain, the largest cryptocurrency mining firm in the world.

Valery Vavilov, chief executive officer and co-founder of Bitfury, said the need to analyze and extract value from tons of available data drove the company to go into artificial intelligence, that branch of computer science that emphasizes the creation of intelligent machines that act and behave like humans.

“Data is becoming the next oil,” Vavilov said. “We have collected so much data, but only 2% of all this data has been analyzed; 98% is sitting idle and waiting to be analyzed.”

He believes the best and most efficient way to analyze the data is through artificial intelligence.

“We also need to trust that data so that’s where blockchain comes in,” Vavilov said.

Blockchain, a digital ledger of transactions, gained prominence as the software underpinning virtual currency bitcoin BTC=BTSP. The technology, being developed in the public and private sectors, has gained attention globally for its ability to permanently record and track assets or transactions across all industries.

Artificial intelligence is one of the tech sectors that attracted large funding so far this year. According to research firm CB Insights, the second quarter of 2019 saw a record of $7.4 billion invested in AI startups, with the majority going to transportation and health care-related companies.

Vavilov said that Bitfury’s AI group is still in “research mode”. He would have more clarity about the range of AI products the company intends to offer by the end of the year or the beginning of 2020.

Bitfury also said it appointed technology expert Fabrizio Del Maffeo to lead the AI division. Del Maffeo was the vice president and managing director of AAEON Technology Europe, the AI and internet of things computing company within Taiwan’s ASUS Group.

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.

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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.