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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)

Mexico central bank chief flags concern over ratings setbacks

MEXICO CITY ( ) – Mexico’s government must address concerns flagged by rating agencies over the sustainability of the country’s finances following debt downgrades last week, Mexican Central Bank Governor Alejandro Diaz de Leon said on Tuesday.

Fitch last week cut Mexico’s sovereign credit rating and then became the first major ratings agency to downgrade the debt of state oil company Pemex to “junk” status, in a major setback for President Andres Manuel Lopez Obrador.

Fellow ratings agency Moody’s also lowered its outlook for Mexico to negative, adding to pressure on the peso.

Speaking at a banking conference in Mexico City, Diaz de Leon said the ratings developments were a risk factor for the Mexican economy that needed to be tackled.

“This has happened at times in the past, and it was dealt with, and let’s hope this is the case (now) and that it’s not a major worry going forward,” Diaz de Leon said.

The central bank has repeatedly raised concerns about the risks posed to Mexico’s finances by Pemex, which has financial debts of around $106 billion.

Lopez Obrador has vowed to revive the struggling company, pumping extra cash into Pemex to shore it up.

Mexico’s economy contracted by 0.2% quarter-on-quarter in the first three months of the year, and Diaz de Leon said the economic outlook for the coming months was uncertain.

He noted that investment had been sluggish this year but said remittances from abroad were helping to prop up private consumption.

Look上海夜网ing ahead, Diaz de Leon said attracting more investment and improving productivity were among the principal challenges facing Mexico’s policymakers.

U.S. internet firms ask Trump to support encryption, ease regulations

WASHINGTON ( ) – U.S. internet companies including Facebook Inc and Amazon Inc have sent President-elect Donald Trump a detailed list of their policy priorities, which includes promoting strong encryption, immigration reform and maintaining liability protections from content that users share on their platforms.

The letter sent on Monday by the Internet Association, a trade group whose 40 members also include Alphabet’s Google, Uber and Twitter, represents an early effort to repair the relationship between the technology sector and Trump, who was almost universally disliked and at times denounced in Silicon Valley during the presidential campaign.

“The internet industry looks forward to engaging in an open and productive dialogue,” reads the letter, signed by Michael Beckerman, president of the Internet Association, and seen by .

Some of the policy goals stated in the letter may align with Trump’s priorities, including easing上海夜生活网 regulation on the sharing economy, lowering taxes on profits made from intellectual property and applying pressure on Europe to not erect too many barriers that restrict U.S. internet companies from growing in that market.

Other goals are likely to clash with Trump, who offered numerous broadsides against the tech sector during his campaign.

They include supporting strong encryption in products against efforts by law enforcement agencies to mandate access to data for criminal investigations, upholding recent reforms to U.S. government surveillance programs that ended the bulk collection of call data by the National Security Agency, and maintaining net neutrality rules that require internet service providers to treat web traffic equally.

The association seeks immigration reform to support more high-skilled workers staying in the United States. Though Trump made tougher immigration policies a central theme of his campaign, he has at times shied away from arguing against more H-1B visas for skilled workers, saying in a March debate he was “softening the position because we need to have talented people in this country.”

While urging support for trade agreements, the letter does not mention the Trans Pacific Partnership, which Trump has repeatedly assailed with claims it was poorly negotiated and would take jobs away from U.S. workers. The technology sector supported the deal, but members of Congress have conceded since the election it is not going to be enacted.

Trump’s often-shifting policy proposals on the campaign trail frequently alarmed tech companies and sometimes elicited public mockery, such as when Trump called for closing off parts of the internet to limit militant Islamist propaganda.

Trump has also urged a boycott of Apple Inc products over the company’s refusal to help the Federal Bureau of Investigation unlock an iPhone associated with last year’s San Bernardino, California, shootings, threatened antitrust action against Amazon, and demanded that tech companies such as Apple manufacture their products in the United States.

In a statement, Beckerman said the internet industry looked forward to working closely with Trump and lawmakers in Congress to “cement the internet’s role as a driver of economic and social progress for future generations.”

RPT-Only way is down: strong bid for negative-yielding KfW bond amid rates stasis

(Repeats Friday story without changes)

* German banks sells 5 bln euros of bonds at -0.267 pct yield

* Euro zone lenders, foreign central banks among buyers

* Deal paves way for other borrowers to do same

By Abhinav Ramnarayan

LONDON, March 15 ( ) – German development bank KfW’s 5 billion euro debt sale, at one of the most deeply negative yields on record for such a deal, is a clear sign investors are resigned to several more years of low interest rates in the euro zone, bankers and analysts said.

Triple-A-rated KfW, whose debt is guaranteed by the German government and often seen as a proxy for German Bunds, sold 5 billion euros of three-year bonds via a syndicate of banks on Tuesday at a yield of minus 0.267 percent.

Negative yields have been a feature of the euro zone bond market since the European Central Bank began stimulus measures to aid the bloc’s recovery from the debt crisis of 2010-2012.

But the KfW deal is one of very few benchmark-sized transactions to price at such a deeply negative level.

“Nobody really expects rising rates, given the statements by the ECB and (U.S. Federal Reserve) and given the economic data we currently get,” said Petra Wehlert, head of capital markets at KfW. “Investors live with what they get, and they feel comfortable enough to buy into negative rates at the short end (of the yield curve).

“Investors have to manage their cash, and if there is no change in environment, the risk is limited. KfW bonds are a Bund surrogate, and portfolio managers need to buy liquid securities,” she added, while上海夜生活网 acknowledging that demand had exceeded KfW’s expectations.

Comparable examples such as the European Investment Bank’s 5 billion euro three-year deal in January 2016 came at the height of the ECB’s now-terminated asset purchase scheme — and yet the yield on that deal was much higher, at minus 0.147 percent.

The fact that KfW was able to price at such a deeply negative yield even after new asset purchases ceased seems to confirm that investors expect the euro zone economy to flat-line for years to come, and that the ECB will be unable to hike rates meaningfully for the foreseeable future.

FEW ALTERNATIVES

Mark Byrne, a syndicate official at TD Securities, which managed the deal alongside BNP Paribas and JP Morgan, said the ECB’s deposit rate of minus 0.40 percent was a clear incentive for banks to invest in such a bond.

But it was not the only reason for the demand, he said: “Not all investors have access to this (deposit facility) — central banks, asset managers and some non-euro zone banks for example. So you must look at their alternative investments.”

He cited the example of three-year German Bunds, trading around minus 0.53 percent, and three-year French government bonds — with a lower credit rating than KfW — trading at minus 0.376 percent.

“So it makes sense (to buy KfW’s bond) if you are a global central bank that needs to hold euros as part of your portfolio,” Byrne said.

As a result, the two biggest types of investor in KfW’s deal were banks, who took 38 percent of the 5 billion euros sold, and central banks, who took 35 percent.

For banks, the deposit rate is a powerful incentive — paying 26 basis points to hold KfW’s debt could be seen as an improvement on paying 40 bps to hold cash at the ECB. Both count towards the regulatory requirement that lenders hold a proportion of assets in liquid and highly rated instruments.

“The high demand from the banks as a sector overall often has to do with regulatory demand,” said Commerzbank rates strategist Rainer Guntermann. “Most investors also suspect the ECB will take some of the supply in the coming weeks.”

Preview: Real Madrid – Deportivo La Coruna

Round 20 of La Liga marks the start of the second half of the season with both Real Madrid and Dep. La Coruna hoping to reverse their current poor form.

Flashscore presents the key facts before the match:

While Zinedine Zidane’s side have accumulated a three-match winless streak (LL), Deportivo are in need of a victory after picking up just one point in the last four matches (LL).

Disastrous home performances have kept Madrid in fourth place of the table. The ‘Merengues’ have only won 50% of their clashes played at the Santiago Bernabéu (W5, D2, L3) which is usually something unheard of!

With rumours of Cristiano Ronaldo willing to leave the club at the end of the season, as well as players linked to join Madrid (Neymar, Kane, Hazard…), coach Zidane talked about the Portuguese star: “I can’t imagine a Real Madrid without Cristiano”.

Even though there was an 18-year 上海夜生活period in which Madrid were unable to win at the Riazor stadium, their record at the Bernabéu looks different, as the last time the Galician side won there was back in 2008 (2-1).

Players to watch: Florin Andone (Deportivo) has recovered last season’s efficiency (11 goals). The Romanian has five goals this term – including three in the last three fixtures.Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

Everyone is waiting for Cristiano Ronaldo to up his level. His goal scoring average is as low as it was in his very first season at Madrid in 2009. He’s scored only four goals in 1,156 minutes which is way below his usual astronomical standards.

Stat attack: Madrid would be on top of the LL table if only the first 45 minutes counted, but they would sit 11th if only looking at second halves.

Deportivo have only one clean sheet and one win as an away side. However, they have only failed to score in three of the nine away clashes which should make things interesting.

Missing players

Real Madrid: S. Ramos (calf injury), J. Vallejo (thigh injury), L. Zidane (shoulder injury), K. Benzema (doubtful)

Deportivo La Coruna: J. Bicho (shoulder injury), F. Cartabia (doubtful), B. Gama (doubtful), G. Valentin (doubtful).

Preview: Lazio – Chievo

Will it be the Champions League ambitions of Lazio or the survival instincts of Chievo? With it all to play for, this Serie A clash hosted in the capital city has an interesting sub-context.

Flashscore presents the key facts before the match:

The hosts are fourth in SA, taking advantage of a poor recent run by Roma. With the battle for the final CL qualification spot looking set to be between these two eternal rivals, Lazio would be eager to pocket three points against Chievo.

The visitors have picked up just one win since the end of October and are living off their early season form of 15 points from the opening nine games. They now sit 13th in SA and just seven points above the relegation places. If the slide is not halted, do not be surprised if they find themselves amid that battle soon!

The hosts have won their last three home games in all competitions to go with four on the trot at home to teams in the bottom half. They have a very good scoring record (48 goals) behind only Juventus in SA, although they have conceded the most (24 goals) among the top five!

Compare that to Chievo, who have scored just 20 goals in 20 games so far in SA! In addition, their away form is shaky, with no wins in six trips (W0, D2, L4).

Key battles: With 20 goals this year, Lazio’s Ciro Immobile has been the mainstay for Lazio’s goals. Can he continue his goal lust?Top 5 matches to watch during October’s first weekend Tomás Pavel Ibarra Meda – With a new weekend in European football about to begin, we dive into the Top 5 matches to watch a上海夜网cross all the major leagues.After…

Leading Chievo’s charge will be Roberto Inglese with seven goals. He will look to capitalise on Lazio’s generosity at the back.

Stat attack: Chievo have not scored in their last three away SA games and lost all of them.

These two sides, together with Inter Milan, have scored the most headed goals in SA this season (seven).

Missing players

Lazio: F. Caicedo (leg injury), S. Radu (suspension), D. Di Gennaro (doubtful), F. Marchetti (doubtful), Mauricio (doubtful)

Chievo: L. Castro (knee injury), A. Gamberini (muscle injury), R. Inglese (knee injury), R. Meggiorini (doubtful).

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.”

Alderweireld admits no progress in contract talks

The Belgium international defender remains a Spurs player until 2019, but there is no development on the discussions regarding an extension.

Toby Alderweireld has admitted there is nothing regarding a potential new contract from Tottenham. The Belgium full-back has established himself as a top-quality centre-back during his time in England. Spurs are reportedly interested in extending his contract, but no breakthrough has been made as Alderweireld has to keep waiting on updates from his superiors.

When approached and asked about a potential contract renewal, the 28-year-old told Sky Sports: “No news that I know of so nothing… zero.”

The player also shared that Kyle Walker’s departure was bad news for the whole squad, but they will have to find a way to deal with it.Kane: Transfer window disrupted the Spurs squad Andrew Smyth – Harry Kane believes a key reason behind Tottenham’s early-season crisis is down to all the uncertainty surrounding some players’ fu上海夜网ture in the transfer window.

“Everybody is sad that he left.

“He is one of the best full-backs in the world and unfortunately he goes to another [Premier League] team, but we have to focus ourselves to win the game.”

The Belgium international joined Tottenham from Atletico Madrid in 2015 and has made 80 appearances for the Spurs over the course of two seasons.

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.

Dybala only wants Barca legends jersey

Paulo Dybala has winked at the former Barcelona player Ronaldinho Gaucho, as he stated that he wanted the Brazilians jersey but has not been able to get it

Written by Christian Møller Poulsen. May 2, 2017

Paulo Dybala was recently one of the key figures for Juventus knocking FC Barcelona out of the Champions League, and the Argentinian recently renewed his contract with the Italian side, but is still being linked with FC Barcelona and Real Madrid. However, now the Argentina has revealed that Ronaldinho was one of his greatest idols when he was little and hails the South Americans way of looking at football.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…

Dybala told UEFA the following: “The one player’s shirt that I would still love to h上海夜生活论坛ave is Ronaldinho’s. One day Gennaro Gattuso promised me that he was going to call him to ask him for a shirt for me, because he’d played with him, but it didn’t happen.”

“Ronaldinho was one of my favourite players when I was growing up and the image he conveyed to me was that you’ve got to have fun and play with a smile on your face.”

“European coaches and players sometimes don’t look at football the way we South Americans do. We enjoy the game, laugh a lot, dance and so on. I always seek to have fun and enjoy what I do out on the pitch. That’s just my mindset.”

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.

Snap’s Android fix, gender-changing lens boost users, shares up 9%

( ) – Snap Inc’s Snapchat on Tuesday beat analysts’ estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of new augmented reality photo lenses.

The company said the number of daily active users rose to 203 million in the second quarter ended June 30 from 190 million in the prior quarter. The user metric was also up from 188 million a year earlier.

Shares of Snap jumped 9% to $16.29 in after-hours trading.

The AR lenses, which are filters that can overlay everything from bunny ears to freckles onto a user’s photo, went viral when it introduced a lens that let users switch their gender in photos.

The latest daily active user figure, widely watched by investors and advertisers, beat analysts’ average estimate of 192.2 million, according to IBES data from Refinitiv.

After struggling last year with declines in users and high executive turnover, Snap finally returned to growth in the first quarter.

In recent months, it scored wins with its augmented reality lenses, launched mobile games within Snapchat in partnership with game developers such as Zynga Inc and invested in more content on Discover, the part of the app that houses original shows and content from media partners.

“The popularity of these lenses drew millions of people into our rebuilt Android application, where they experienced the new and improved Snapchat that led to increased engagement,” Chief Executive Officer Evan Spiegel said on the earnings call with analysts.

Snap’s revenue, which it earns from selling advertising on the app, jumped about 48% to $388 million and beat Wall Street’s average estimate of $359.7 million, according to IBES data from Refinitiv.

Snapchat has been largely untouched by privacy issues plaguing Facebook Inc and Google’s YouTube, two of Snap’s rivals f上海夜网or digital ad dollars, because of its disappearing messages that make it difficult to broadcast misinformation or unsavory content.

Snap expects daily active users to be between 205 million and 207 million in the third quarter, Chief Financial Officer Derek Andersen said.

Of the 13 million daily active users Snap gained during the second quarter, 7 million to 9 million were from the new augmented reality lenses, Andersen said.

Analysts questioned whether Snap could retain the new users it gained from the lenses, during the earnings call.

Spiegel said the lenses not only attracted new users but re-engaged returning users.

It is unclear if Snap can continue having hits like viral lenses every quarter, “but if you can keep engagement going, that’s the key,” said Ron Josey, an analyst with JMP Securities. Average revenue per user jumped more than 36% to $1.91 in the quarter.

Snap emphasized its investment in content on Discover, which increased the time spent on the app by 60% compared with last year, said Kamal Khan, an analyst at financial markets platform Investing.com.

“That trend will continue in the near and medium term, but just like Netflix, it’s betting a lot on content against rivals with much, much deeper pockets,” he said.

Net loss narrowed to $255.2 million, or 19 cents per share, from $353.3 million, or 27 cents per share, a year earlier.

Excluding items, the company lost 6 cents per share. Analysts were expecting a loss of 10 cents per share.

Snap expects third quarter revenue in the range of $410 million to $435 million. Analysts on average were expecting revenue of $402.1 million, according to IBES data from Refinitiv.

Uber Freight launches in Germany, taking on local competition

FRANKFURT ( ) – U.S. ride-hailing company Uber (UBER.N) is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe’s $500 billion trucking market.

Germany will be Uber Freight’s second market to go live on the continent after the Netherlands, an executive told , with further expansion in prospect once operations are running smoothly in Europe’s largest economy.

In the United States, Uber Freight already connects 48 states and generates more than $125 million in quarterly revenues.

Under maverick founder Travis Kalanick, Uber’s earlier bid to establish its ride-hailing services in Germany met intractable opposition from taxi companies, politicians and the courts.

This time, led by Kalanick’s successor Dara Khosrowshawi, Uber has consulted German officials and industry to win support for its freight business, said Daniel Buczkowski, Uber Freight’s head of European expansion.

“After the change in leadership, we really engaged in doing the right thing,” Buczkowski, who is German, told .

Uber will compete with local players, including Berlin-based startup sennder, which has raised $70 million from private equity house Lakestar and other investors at a $300 million valuation, and which already has a wider presence in Europe.

Other technology players in the freight forwarding sector include Flexport, a full-service platform based in San Francisco that raised $1 billion earlier this year from investors led by Japan’s Softbank Group (9984.T).

UK-based Zencargo and FreightHub, which like sennder is headquartered in Berlin, have also taken in investments of late.

Buczkowski sees Uber Freight’s edge in its worldwide reach and proven technology. “As a global company we have the bandwidth to constantly innovate and create new products and features that support the entire marketplace,” he said.

EMPTY JOURNEYS

The freight platforms aim to digitalize an industry still dominated by firms running 10 or fewer trucks and to improve efficiency – trucks are empty for 21% of the distance they travel.

Other gains can come from real-time tracking of consignments, and the automation of payments in an industry where trucking firms often waste weeks chasing up invoices.

“The key to getting a lot of value out of this industry is understanding how to use those empty kilometers,” said Nicolaus Schefenacker, a co-founder of sennder, which was set up in 2016.

He told that, as its network expanded, it was easier to model and forecast traffic flows to ensure consignments found the right truck at the right price. Although the freight tech sector is crowded, the market is segmented and sennder sees a clear opportunity in the so-called full-truck load market.

“The market is so huge that I think a lot of players are able to coexist. That’s also the way we think about Uber Freight,” Schefenacker told .

MAN IN THE MIDDLE

Unlike Uber’s ride-hailing app or its food-delivery service, Uber Freight will operate as a middle-man in a market with an established pricing structure.

It will make money from the margin between the price paid by the shipper and the amount it pays on to the trucker, insulating it from the type of complaints made by many ride-hailing drivers who say they struggle to earn a decent income.

Uber, with a stock market capitalization of $74 billion, aims to adapt its model used in the United States, where many truck drivers are sole operators, to Europe, where family-run firms predominate.

The apps still face challenges, ranging from environmental issues confronting an industry that runs on diesel to ensuring drivers are not overworked with long hours on the road.

The industry also needs new recruits, with the World Bank estimating two-thirds of German drivers will retire over the next decade, threatening a shortage in cap上海夜生活acity for an industry that handles more than 70% of freight.

Stocks drop as trade dims earnings outlook; Mexican peso tumbles

NEW YORK ( ) – A gauge of stock markets around the world fell on Tuesday as trade tensions weighed on the outlook for corporate earnings, while Mexico’s peso tumbled after the country’s finance minister resigned.

European and U.S. stocks dropped early after Germa上海夜生活网n chemicals giant BASF warned of a 30% fall in its adjusted annual profit, citing trade friction and a global slowdown in growth.

On Wall Street, an analyst downgrade of 3M Co contributed to a drop in the Dow Jones Industrial Average. However, the benchmark S&P 500 index edged higher and the Nasdaq posted gains as the tech-related FAANG stocks rose.

Even so, MSCI’s gauge of stocks across the globe shed 0.10%.

The Mexican peso slid as much as 2.25% against the dollar after Finance Minister Carlos Urzua resigned, citing deep differences over economic issues. It was last down 1.2%.

Some encouraging news on trade came as the United States and China were set to relaunch talks this week after a two-month hiatus. White House economic adviser Larry Kudlow said talks with the European Union to move forward on a trade agreement were also in progress.

However, skepticism remained among market participants on how much progress the United States and China have made toward resolving their differences.

“A resolution to the trade war is far off,” said Oliver Pursche, chief market strategist at Bruderman Asset Management in New York. “I wouldn’t be surprised if it went into 2020.”

The Dow Jones Industrial Average fell 22.65 points, or 0.08%, to 26,783.49, the S&P 500 gained 3.68 points, or 0.12%, to 2,979.63 and the Nasdaq Composite added 43.35 points, or 0.54%, to 8,141.73.

Benchmark 10-year notes last fell 8/32 in price to yield 2.0613%, from 2.034% late on Monday.

The potential reaction to monetary policy at the world’s top central banks also remained in focus ahead of Federal Reserve Chairman Jerome Powell’s testimony before the U.S. Congress on Wednesday and Thursday.

Money market futures are still fully pricing in a 25-basis-point cut at the Fed’s July 30-31 meeting, but have almost priced out a larger half-percentage-point move that had been seen as a real possibility just a couple of weeks ago.

“There may be some clarity coming out in the next couple of days based on what Powell says at these hearings,” said Bucky Hellwig, senior vice president at BB&T Wealth Management.

(GRAPHIC – U.S. government debt yield curve: tmsnrt.rs/2YHFE1M)

In currency markets, Britain’s sterling dropped to a six-month low and was last 0.4% lower against the dollar at $1.2462 amid a worsening economic outlook and rising fears about a no-deal exit for Britain from the European Union.

The dollar index, which measures the greenback against a basket of six major currencies, rose 0.13%, while the euro dipped 0.1% to $1.1206.

Oil prices firmed as OPEC supply cuts and Middle East tensions outweighed the U.S.-China trade dispute that has been dragging down the global economy and oil demand.

Brent crude futures settled up 5 cents to $64.16. U.S. West Texas Intermediate crude settled up 17 cents to $57.83.

Spot gold ticked 0.1% higher to $1,397.06 an ounce.

(GRAPHIC – Dot plot, Fed funds futures July 9: tmsnrt.rs/2YLmEzm)

Martin Shkreli settles all litigation with his former company…

NEW YORK ( ) – Martin Shkreli, the pharmaceutical entrepreneur serving a seven-year prison term for fraud, has settled all outstanding disputes with Retrophin Inc, the biopharmaceutical company he founded in 2011 and which ousted him three years later.

A Retrophin spokeswoman said on Thursday that the accord covers Shkreli’s $30 million lawsuit last month accusing three former colleagues, including his successor as chief executive, of engineering his ouster and to enrich themselves from his work.

The settlement also covers claims Retrophin first raised in August 2015, in a $65 million lawsuit accusing Shkreli of repeatedly breaching his duty of loyalty to the San Diego-based company. That case moved to arbitration last year.

CNBC earlier reported the settlement.

“Retrophin and Martin Shkreli have reached a settlement resolving all outstanding disputes between them,” the spokeswoman said. “We are pleased with th上海夜生活论坛is outcome.”

Edward Kang, a lawyer for Shkreli’s former colleagues, said in an email that the case against them was “resolved amicably.”

The former Retrophin colleagues included Stephen Aselage, who succeeded Shkreli as chief executive; Gary Lyons, the company’s chairman; and Margaret Valeur-Jensen, who became general counsel after Shkreli left.

Shkreli voluntarily dismissed that case on June 18, according to a court filing.

Known as “Pharma Bro,” Shkreli, 36, is perhaps best known for raising the price of the anti-parasitic drug Daraprim by more than 5,000% while serving as chief executive of Turing Pharmaceuticals, now known as Phoenixus AG.

His prison sentence resulted from his August 2017 conviction by a federal jury in Brooklyn, New York for defrauding investors in hedge funds he once ran, and conspiring to manipulate Retrophin’s stock price.

The federal appeals court in Manhattan is scheduled to hear Shkreli’s appeal of that conviction on June 28.

U.S., Japan may need more tools to shore up banking system: Fed’s…

( ) – The United States and Japan may need to shore up bank oversight to prepare for economic downturns, the head of the Federal Reserve Bank of Boston warned on Friday.

Eric Rosengren, president of the Boston Fed, said in a speech that policymakers in the two major economies should consider whether regulators need more tools, including requiring banks to hold more capital now, t上海夜生活论坛o counteract economic risks.

“Japan, like the United States, might benefit from considering an expanded set of macroprudential tools to enhance the financial system’s resilience,” Rosengren said in remarks prepared for delivery at a conference in Eltville, Germany.

Rosengren, who is voting member of the Fed this year on U.S. interest rates, did not discuss his monetary policy outlook in the speech. The Fed on Wednesday signaled that rate cuts could begin as early as July in response to growing economic risks, rising U.S. trade tensions and tepid inflation. The Fed has cited high levels of U.S. corporate debt among major risks to the economy today.

Rosengren’s speech focused largely on lessons from the late-1990s financial crisis in East Asia and what he sees as weaknesses in Japan’s financial system today. The speech also pointed to the role that central banks’ powers beyond setting rates, including overseeing banks, may play in the next downturn. Policymakers could have lessened the impact of prior financial crises by “stress testing” banks and requiring them to hold extra cash, Rosengren said.

“Despite the passage of time and adoption of better policies, one could argue that the Japanese banking system is now, once again, being threatened by adverse economic conditions,” said Rosengren, who was at the Boston Fed when the 2008 global financial crisis shook the economy.

“A shrinking population, aging demographics, and very low interest rates provide very little room for Japanese banks to operate profitably. This of course provides an incentive to reach for yield, potentially implying additional risk-taking.”

While Rosengren endorsed requiring banks to keep extra capital cushions during good times, the Fed itself has shied away from requiring banks to do so, keeping its “Countercyclical Capital Buffer” requirement for banks at 0%. Rosengren does not have a vote on those capital requirements.

The Fed is due to report later on Friday some results from its own annual “stress tests” of banks’ ability to weather a major downturn.