上海夜生活,上海夜生活网,上海夜网论坛 - Powered by September 2019

Abidal hopeful that Mbapp\u00e9 will win the Ballon d’Or

The former Catalan has backed up the youngster, insisting he has the potential to win the award in the future.

Former Barcelona full-b上海夜生活网ack Eric Abidal is hoping that Kylian Mbappé will become the best footballer in the world. The 18-year-old has established himself as one of the most promising footballers of our generation, scoring 26 goals during a remarkable campaign with AS Monaco last season. He has also reached the final 30 nominees for the Ballon d’Or award this year, but will likely not win the competition with Ronaldo and Messi being the favourites as usual.

However, Abidal has recognized the enormous talent of Mbappé and says he will be rooting for this fellow countryman to win the most prestigious individual award one day.

“Yes he can,” said Abidal when asked whether Mbappé could become one of football’s greatest players, according to Goal.Neymar keeps winning matches for Paris Saint-Germain Tomás Pavel Ibarra Meda – Another solitary goal from Neymar gave Paris Saint-Germain the victory at Bordeaux on Saturday. Mbappe played football again.With this latest goal against Bordeaux, that…

“But I can say also he has to, because he has a lot of talent.

“He is only 18-years-old. PSG have hired one of the best players of his age so he deserves a good career. But he has to work. Talent is not enough, you have to work every day.

“And with Neymar and other good players around him he has to learn from them.

“I’m French and he’s French too so I hope in a few years he wins some titles with his club and maybe in a personal capacity too, like a Ballon d’Or.”

Batshuayi will finally get his chance, says Conte

The Belgium international will start for the Blues against Crystal Palace as he steps in for injured Alvaro Morata.

Chelsea head coach Antonio Conte has lauded Michy Batshuayi’s progress at the club as he intends to count on the striker in the forthcoming Premier League feature. Chelsea’s starting forward Morata suffered a hamstring injury against Manchester City, which leaves Batshuayi with a gre上海夜生活网at chance to prove he deserves a spot in the starting XI.

Despite his goal-scoring record of netting every 68 minutes, Michy has struggled to hold down a spot in Chelsea’s starters. Yet, Conte admits he is more impressed with the way the forward is moving on the pitch.Willian: Chelsea must become more clinical Andrew Smyth – Willian feels that Chelsea still have things to improve on after missing numerous chances during Saturday’s 2-0 win over Brighton.

“I think if you compare Michy with last season he has improved a lot and he understood this league because it is not simple,” Conte stated as quoted by Goal. “He understood our style of football but he is another young player and he is working very hard to improve.

“This season he is finding many opportunities to play in the Champions League, in the league, to come on during the game, and to start the game. If you remember last season he had few opportunities to play but this season he is playing a lot and the most important thing is to show he is improving.

“Also don’t forget as a striker I can utilise Hazard. Last season we played two games with Hazard as a No.9, alongside Willian and Pedro. If I see a game where this is the solution I am ready to do that again but Michy is deserving to have opportunities to show he can play.”

Ballon d’Or shortlist announced

The list of nominees for the prestigious award has been announced throughout the day.

France Football, the publication that awards the trophy has already announced the 30 names on the shortlist for this year’s award. The Ballon d’Or trophy was previously affiliated with FIFA, for the period 2010 to 2015, but since then, it has returned to the French publication.

For the past nine years, either Lionel Messi or Cristiano Ronaldo have picked up the trophy. Ronaldo won his fourth Ballon d’Or last year and therefore moved just one behind Messi. The odds are favouring the Portuguese to equal the record of Messi and win his fifth this year.Top 5 most incredible snubs from football awards in 2019 Tomás Pavel Ibarra Meda – Even though award season still hasn’t finished, we need to talk about the Top 5 most incredible snubs from football in 2019.Every year we…

After FIFA and France Football ended their collaboration in 2015, the trophy is now awarded based solely o上海夜生活n the votes of a panel of journalists, who will have to choose between the 30 finalists.

The 30 names shortlisted for the Ballon d’Or 2017 are:

Pierre-Emerick Aubameyang (Borussia Dortmund) Karim Benzema (Real Madrid) Gianluigi Buffon (Juventus) Edinson Cavani (PSG) Philippe Coutinho (Liverpool) Kevin De Bruyne (Man City) David de Gea (Man Utd) Paulo Dybala (Juventus) Edin Dzeko (Roma) Radamel Falcao (Monaco) Antoine Griezmann (Atletico Madrid) Mats Hummels (Bayern Munich) Harry Kane (Tottenham) N’Golo Kante (Chelsea) Toni Kroos (Real Madrid) Robert Lewandowski (Bayern Munich) Sadio Mane (Liverpool) Marcelo (Real Madrid) Dries Mertens (Napoli) Lionel Messi (Barcelona) Luka Modric (Real Madrid) Neymar (PSG) Jan Oblak (Atletico Madrid) Sergio Ramos (Real Madrid) Luis Suarez (Barcelona) Eden Hazard (Chelsea) Cristiano Ronaldo (Real Madrid) Leonardo Bonucci (AC Milan) Kylian Mbappe (PSG) Isco (Real Madrid)

Frustrated Sanchez lashes out at the press

The Chilean was having none of it following  a huge blow on his country’s chances to qualify for the 2018 World Cup.

Alexis Sanchez was highly upset with journalists following Chile’s 1-0 defeat to Bolivia in South America’s qualifiers for the World Cup.

The Arsenal player has had a horrible summer after his desired move to Manchester City fell apart and now Chile has suffered to defeats, which significantly lowers their chances of making it to Russia next year. The 28-year-old took it to social media to express his frustration with the situation.

“And there comes the time when you get tired,” he said on Instagram.

“You get tired when you are criticised with or without reason, you get tired when people want to see you defeated.Antonio Conte determined to find Alexis Sanchez’s brilliance Andrew Smyth – Antonio Conte is on a mission to help Alexis Sanchez rediscover his old brilliance, and promised the Inter Milan loanee more game time.

“You get tired to tell yourself ‘I will get up again’ after crying about a defeat, and you get tired telling the world and the people that are with you that everything is okay.

“And the worst thing is, no one ever realises how that makes you feel… I have Chile’s number 7 and it is a huge responsib上海夜生活网ility, that’s why it is a shame that journalists and bad people criticise without knowing.”

Iniesta denies Barcelona contract extension

The Spain international said the statement made by Barcelona‘s president claiming that t上海夜生活论坛erms have been reached is false.

Things are certainly not looking bright at Barcelona as Iniesta denied the claims made by the Catalans president Josep Maria Bartomeu saying terms have been reached. The club president recently said to Mundo Deportivo that Iniesta agreed terms about a contract extension and the deal should be finalised in the near future.

However, Andrés Iniesta has now come forward to disagree with that, simply adding up to the crisis within the Catalans.

“We already have a principle of agreement to renew and we hope to finalise it in the coming weeks,” Bartomeu told Mundo Deportivo when asked about Iniesta’s future.

“We are waiting these days to continue talking but Iniesta is a player that we want to retire here, and to retire when he thinks he wants to retire.

“The idea is to have an indefinite contract where he automatically renews from year to year until he thinks he can retire or change.”Griezmann and Neymar questions infuriate Valverde George Patchias – Questions about the Antoine Griezmann fine, and the Neymar court case, infuriated Ernesto Valverde at his pre-match press conference.Barcelona and Ernesto Valverde face Getafe…

Despite those claims, Iniesta has denied those claims when asked by reporters if he has extended his contract, according to sports reporter Ignacio Miguélez.

Iniesta on arrival at Barcelona airport; -Can you confirm the principle of renewal agreement announced by Bartomeu?” -No

Spalleti happy with his current squad

The Italian coach insists he has ‘a perfect squad’ at his disposal.

Inter head coach Luciano Spalletti believes the team he is managing in great and promised they would show that. Despite a rather quiet transfer window for the Nerazzurri, their manager is more than happy with the players he is currently working with.

“We expected a different transfer market it’s true,” Spalletti confessed in an interview with Gazzetta dello Sport.

“I was convinced I could cook with certain ingredients. No上海夜生活论坛w though I’m 100 per cent satisfied.

“When I said at Riscone that promises had been made and I’d speak out if they weren’t kept the transfer window wasn’t over and above all I still didn’t know all the players.Fabio Capello stands up for Antonio Conte, compares him to Mourinho Nedim Maric – Former Italian manager talked about the current prospects of Serie A, and Conte’s success at Inter so far.Inter look like a different team with…

“The quality of the lads is very high, I’ve found them to be available, motivated, and true professionals.

“Being a professional means having expertise and passion for what you do, and 55-60,000 people will come to the stadium on Sunday because they’re convinced by what the lads have done so far.

“We’re starting 29 points down on Juve, 25 on Roma and 24 on Napoli, so we need seven or eight more wins in the league [than last season].

“Everyone has to improve but I have a perfect squad, and we’ll show you. We signed people who fit the bill.”

Ke\u00efta unlikely to extend RB Leipzig spell

RB Leipzig coach Ralf Rangnick admitted he does not believe the midfielder will r上海夜生活enew his contract.

Naby Keïta has attracted a lot of attention towards himself as Premier League side Liverpool were highly interested in his services. Klopp’s team reportedly submitted two bids for the player, but RB Leipzig rejected both as they never changed their stance about not selling the Guinea international.

While Rangnick is certain he can rely on Keïta in the upcoming 2017-18 campaign, he does not seem so sure about relying on Keïta once the season is over.

Speaking to SportBILD, he said:

“I am not currently assuming that we will be able to extend his contract prematurely,Top 5 – Performers in Bundesliga this weekend Boro Tanchev – The fifth Bundesliga round is not over yet, but we have to name our the top 5 performers in top-flight German football over the past weekend.

“I can assure you that Naby will be playing with us this season. All other scenarios also depend on how we do this season, how Naby plays himself and so on.”

RB Leipzig had an outstanding campaign as they finished second in the Bundesliga and qualified for the champions league. Their coach insists that the club will not just sell players, they have been developing for years right before the club’s debut in the Champions League.

“It does not matter at all whether it’s £67million or £90million,” Rangnick added. “We have not developed for five years so that we can lose one of our best players in the first Champions League season.”

“That would make no sense. We want to be successful in sports.”

Dybala is content to remain

The Argentine international has been linked with a potential move to Barcelona as a replacement for Neymar.

Paulo Dybala insists he is happy at the Old Lady amid speculations about his future, but the decision is not his to make.

The Argentina international has been named replacement for Neymar at Camp Nou, should the Brazilian join Ligue 1 giants Paris Saint-Germain.

The 23-year-old Dybala joined the club from Turin in 2015 and has impressed with his performance ever since. He has won the Scudetto twice and assisted the team in reaching the Champions League final last season.

Speaking to the club’s website, the Argentine said:Higuain happy to be reunited with Ronaldo at Juve George Patchias – Gonzalo Higuain and Cristiano Ronaldo have been reunited at Juventus after playing at Real Madrid together six years ago, and Higuain is happy about…

“I’m happy here,” he was quoted as saying by the club’s website.

“I’m fine with Juventus, I’m going to train at my best to make it a gr上海夜生活eat season.

“If an offer comes in, the club will notify me and they’ll tell me if they want to accept or not. First it depends on the club and then on me.”

The player still has a contract with Allegri’s side until 2022. He scored 19 goals in 48 appearances for Juventus last season and is deemed one of the greatest talents in Europe.

Matip warns Premier League defenders

The full-back is 上海夜生活网happy he would not have to face Liverpool’s latest signing Mohamed Salah.

The Egypt international will leave defenders in despair during his first season in England, according to Joël Matip.

The former Chelsea and Roma winger, joined Liverpool last month for a fee of €50 million. The 25-year-old adds to an attacking group of players like Philippe Coutinho, Roberto Firminho, Adam Lallana and Sadio Mane. A number of players that Matip is glad not to play against.

Speaking to Omnisport, the defender praised Salah.

“Salah already played in England. He has high skills at dribbling, tempo and finishing and he makes defenders despair.Jurgen Klopp rates Pep Guardiola as his greatest rival Andrew Smyth – Liverpool boss Jurgen Klopp revealed that his Manchester City counterpart Pep Guardiola is the best manager that he’s ever coached against.

There is so much quality in attack, the right pace and it will be hard for our opponents to stop them.”

Joël Matip also elaborated on his stay at Liverpool and the philosophy Jürgen Klopp is trying to establish in their ranks.

“From every player [Klopp wants] fast counter-pressing with direct attacks, but also a clean and structured build-up with specific position-play.

But of course, if we lose the ball, the first step is towards the ball and not back to defend at our box.We are defending very high. It begins with the strikers, who madly run [at] the opponent, putting in many meters and giving their all.

It is hard to describe [Klopp’s aura]. He is very affable and direct, even when it is about issues, he is straight but cordial. If you do something wrong he clearly tells you to do better but he stays affable.”

Wenger expects professionalism from his players

The Frenchman does not think he faces a major problem at Arsenal, with a number of first-team players entering the final year of their contracts.

Alexis Sanchez and Mesut Özil are still to renew their contracts, while Alex Oxlade-Chamberlain, Santi Cazorla, Jack Wilshere and Kieran Gibbs are also entering the last 12 months of their deals.

“I think it is an ideal situation. When you are a football player you perform until the last days of your contract.” – Wenger said, following Arsenal’s 1-2 loss to Sevilla, according to Sky Sports.

“I think the performance on the day does not depend on the length of the contract, if that was true we would sign everyone for 20 years and be happy.”Arsenal urged to sign Napoli star Kalidou Koulibaly Andrew Smyth – Emmanuel Frimpong has urged Arsenal to target Napoli centre-back Kalidou Koulibaly in order to finally solve their defensive woes.

The French manager also stated that more and more players will start seeing out their contracts in their respective clubs due to the transfer market situation.

“In the future, I think you will se上海夜生活网e more often players going to the end of their contracts,” Wenger said.

“Why? Because transfers are becoming so high even for normal players that you will see more players going to the end of their contracts because no-one is going to want to pay what is demanded.

I’m convinced in the next 10 years that will become usual.”

Morata to persuade Real duo to join him at Manchester United

Alvaro Morata is already with one step on Old Trafford, and the Spanish striker is trying to persuade two of his Real Madrid teammates to join him in England.Written by Cosmin Mihalescu. June 12, 2017.

The 24-year-old striker is set to become the most expensive Spanish player ever transferred, with Manchester United ready to pay €70m for his services. The previous record was the one of Fernando Torres, who moved from Liverpool to Chelsea in 2011, for €58,5m.

But Morata is not looking to come alone from Santiago Bernabeu to Old Trafford. According to his social media activity, the striker would entertain the idea of persuading two of his colleagues to join him at Manchester United.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.

Alvaro Morata liked a recent post on a Manchester United fan page, which was stating that the striker “is set to join Manchester United and has told Gareth Bale to join him and make the United squad better, and James Rodriguez has been told by his stepfather to join United in the summer, to get more playing time.”

James Rodriguez has previously been linked with a move to Old Trafford, but recent reports suggest that he is closer to a move to PSG, with the Parisians lookin上海夜生活网g to strengthen their team after a failed season.

Regarding Gareth Bale, the Welshman could be sold by Real Madrid, who are looking to raise money and create space for the biggest transfer in history – Kylian Mbappe from Monaco.

Claudio Ranieri might become the next manager of Nantes if French Football Federation approves the deal

French FF rule prevents clubs from appointing managers aged over 65Written by – Nikolay Nikolov, June 13, 2017.

Claudio Ranieri has agreed on a deal which can bring him back to football for the first time since he was sacked by Leicester City. However, the deal might not be approved by the French Football Federation due to his age.

The Italian is set to become the next manager of Ligue 1 club Nantes, who are awaiting a confirmation of the deal.

A rule states, that clubs cannot appoint managers who are over the age of 65, which is exactly the age that Ranieri turned in October last year.

Nantes president Waldemar Kita was confident that the deal will go through and expressed his interest in the experience that the Italian has.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.

‘The league agrees, I believe that only the FFF is delaying the appointment a little, I do not know why.

‘What we are interested in is the experience of Ranieri as a footballer and coach, since we know that he has coached the biggest teams in Europe.’

Ranieri won the Premier League in his first season as a manager of Leicester City in 2015-16. However, he was sacked in February 2017 after series of disappointing results that left Leicester in relegation danger.

Ranieri’s experience includes managing Fiorentina, Valencia, Atletico Madrid, Chelsea, Juventus, Monaco and the Greece national team.

Now, he wan上海夜生活网ts to return to the French Ligue 1. Appointment of over 65 aged managers has been done before when Lens were allowed to appoint veteran coach Guy Roux.

Brighton announce the signing of Mathew Ryan from Valencia for a club-record fee

The Australian goalkeeper will become Seagulls’ third signing ahead of their Premier League debutWritten by – Nikolay Nikolov, June 17, 2017.

Brighton & Hove Albion have broken their club record transfer fee to sign Valencia’s goalkeeper Mathew Ryan.

The 25-year-old Australia international agreed on a contract until 2022. He became the club’s third signing after Pascal Gross and Josh Kerr ahead of their Premier League debut season.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.

Albion manager Chris Hughton said: “I’m delighted that we’ve been able to attract Mathew to the club, and he will certainly be an excellent addition to the squad in time for our first season in the Premier Leag上海夜生活论坛ue. We’re very much looking forward to working with him for the season ahead.

“For somebody of Mathew’s age, he has very good experience, having played in the top divisions in Australia, Belgium and Spain. He has also competed in European competition and made a number of appearances at international level.”

European top clubs started to follow Ryan at the time he was playing for Club Brugge in the Belgian Pro League. There, he was chosen as the Goalkeeper of the Year in two successive seasons – 2014/15 and 2015/16.

Inter to go shopping in Barcelona

Inter’s new Chinese management is not messing around. They have not given up on Diego Simeone and are now planning a bid for one of Barcelona’s stars.Written by Cosmin Mihalescu. April 29, 2017.

The new Internazionale Milano project is coming to life, and t上海夜生活heir Chinese management is setting ambitious targets for the summer transfer window.

Their latest target is Barcelona’s midfielder, Arda Turan. The Turkish press has announced that the capital infusion aims to build a strong team at Giuseppe Meazza. Having had their initial approach of Diego Simeone refused by the manager, Inter are now looking to show the Argentinian that they really mean business and are ready to offer him a strong squad.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…

Arda Turan was highly appreciated during his time at Vicente Calderon, while playing under Simeone. And is now considered the perfect foundation to paving the way for great things in the future. Although no official bid has been made yet, the €30m-rated midfielder will be approached in the following days.

Barcelona have paid €34m to Atletico for Turan’s transfer in 2015, who was unavailable for selection for a period of six-months, due to Barcelona’s UEFA ban of registering new players.

Arda Turan has won three trophies with Barcelona: La Liga title (2016), Spanish Cup (2016) and Spanish SuperCup (2016). He had his debut for the Turkish national team in 2006, and he has since then played 96 times, scoring 17 goals.

Julian Brandt: A future Ballon d\u2019Or winner?

The young Bayer Leverkusen star Julian Brandt is predicted a massive future, and seems like a obvious bid as a future winner of the Ballon d’Or.Written by Jonas Porsborg. May 3, 2017

He’s maybe not a rising star anymore, but in record time Julian Brandt has made a name in the world of football, as one of the best attacking midfielders of his age. Again this season the 21-year-old has impressed Leverkusen and the Bundesliga, by performing outstanding games for the Leverkusen-side who’s been struggling to follow Bayern Munich and Borussia Dortmund in the top of the league.

Julian Brandt has played impressive 92 games for Leverkusen at the age of just 21 (he had his birthday just yesterday!), and has already scored 18 goals. Brandt also made it to the UEFA Euro 2016 and was a part of the German squad scoring silver medals at the Olympics 2016.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…

Of course there are long list of suitors for the future Ballon d’Or, bu上海夜生活t Julian Brandt seems like an obvious candidate to lift the trophy. Then he would follow the steps of Lionel Messi and Cristiano Ronaldo, who has won the trophy the last seven years.

In other words Julian Brandt are maybe heading for the finest company, and time will tell if the German international will step up on the highest throne in the world of football.

Buffon\u2019s classy gesture to Mbappe

上海夜生活The Italian goalkeeper has proved once again his character after the first leg of the UCL semi-finals between Monaco and Juventus.Written by Cosmin Mihalescu. May 5, 2017.

The 39-year-old is a true legend of world football and continues to impress, both with his performances and with his character. Gianluigi Buffon made another perfect game on his 100th Champions League appearance against Monaco and has managed to keep another clean sheet. In doing so, he has reached 600 minutes without conceding a goal.

At the end of the game, Buffon chose to swap shirts with the young French goal scorer Kylian Mbappe. Buffon proved his legendary status and character when he explained his decision: “I remember when I was young, nobody wanted to swap shirts with me. I hated this. It was a proof of respect that I swapped shirts with Mbappe”.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…

In this Champions League season, Buffon played ten games and only conceded two goals, both in the group stage: in the 1-1 draw against Lyon and in the 3-1 victory over Sevilla. Buffon managed to keep a clean sheet in the quarter-finals against Barcelona – 3-0 in Turin and 0-0 in Barcelona.

Gianluigi Buffon won the World Cup in 2006 with Italy, but he has never managed to win the Champions League. He came very close to the trophy twice: in 2003, Juve lost at penalties against Milan; and in 2015 when the final was played in Turin, but Barcelona won 3-1.

Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document

BEIJING/PARIS ( ) – Peugeot maker PSA Group (PEUP.PA) and partner Dongfeng Group (0489.HK) have agreed to cut thousands of jobs in China and drop two of their four shared assembly plants, according to a document seen by , in a last-ditch bid to curb mounting losses as the world’s largest auto market loses steam.

Dongfeng Peugeot Citroen Automobiles (DPCA), the carmakers’ joint venture based in Wuhan, central China, will halve its workforce to 4,000 as it closes one plant and sells another under plans agreed last month between PSA boss Carlos Tavares and Dongfeng Chairman Zhu Yanfeng, the document showed.

Both carmakers declined to comment on details of their restructuring plans. “We are working with our partners to improve the overall performance of our business in China in all its dimensions,” a PSA spokesman said.

The agreement may avert a threatened withdrawal by PSA, according to two sources at the French carmaker who said their chief executive had signaled that PSA might otherwise exit the 27-year-old partnership with its 12.2% shareholder Dongfeng, or even leave China altogether.

“We’re just a whisker away from having to withdraw from China,” said one person close to the PSA board. “It really is that serious.”

PSA is attempting a reboot in adverse conditions. Once an auto industry cash cow, the Chinese market contracted last year for the first time since the 1990s and is expected to decline another 5% in 2019, squeezed by a worse上海夜生活ning U.S.-China trade war.

Many Western carmakers were already struggling before the downturn, as Chinese consumers abandoned their mid-market brands for increasingly assertive domestic rivals here including the global manufacturers’ own local partners.

PSA’s deep China problems go back even further, spanning four years of plunging sales and 400 million euros ($450 million) written off its DPCA stake, which is now valued at 500 million euros.

Its sales in the country shrunk almost threefold to 251,700 vehicles last year from a 2014 peak of 731,000.

“We’re not giving up,” a PSA spokesman said. “We are still pursuing our action plan to cut fixed costs.”

DPCA will now close its original assembly plant, Wuhan 1, and redevelop the site in a commercial partnership with the local government, according to the plans. The factory’s tooling and production will be transferred to the Wuhan 3 facility.

Headcount across DPCA will fall from 8,000 to 5,500 by the end of 2019 and to 4,000 within another three years, as it also sells off its idling Wuhan 2 facility, according to the document – which noted ongoing discussions with unidentified potential buyers.

Underperforming vehicles will be dropped as the Peugeot and Citroen lineups are streamlined around more profitable models, mirroring the European turnaround strategy now powering record margins in PSA’s home markets.

HURDLES

The carmakers’ dealings have often been fraught, and PSA executives including Tavares have voiced frustration with DPCA’s management. The French group’s shares briefly spiked on an Aug. 7 report that Dongfeng was preparing to divest its PSA stake, acquired in a 2014 bailout.

Questioned by analysts about China operations, Tavares pledged during PSA’s July 24 earnings call to “accelerate variable cost reduction, reduce fixed cost” and boost pricing.

“Our partner is in the same mindset,” he said of Dongfeng. “They also want to accelerate.”

The restructuring faces hurdles, not least the challenge of finding a Wuhan 2 buyer amid mounting uncertainty – although Chinese government restrictions on greenfield sites may help.

Over the past 18 months, Dongfeng’s Chairman Zhu tried repeatedly to persuade Honda (7267.T) or Nissan (7201.T) to take over one of the DPCA plants, reported on Aug 1.

China’s economy worsens in July, industrial growth at 17-year low as trade war escalates

BEIJING ( ) – China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.

Activity in China has continued to cool despite a flurry of growth steps over the past year, raising questions over whether more rapid and forceful stimulus may be needed, even if it risks racking up more debt.

After a flicker of improvement in June, analysts said the latest data was evidence that demand faltered across the board last month, from industrial output and investment to retail sales.

That followed weaker-than-expected bank lending and gloomy factory surveys in recent days, along with the return of producer price deflation, reinforcing expectations more policy support is needed soon.

“China’s economy needs more stimulus because the headwinds are pretty strong and today’s data is much weaker than consensus,” said Larry Hu, head of Greater China economics at Macquarie Group in Hong Kong.

“The economy is going to continue to slow down. At a certain point, policymakers will have to step up stimulus to support infrastructure and property. I think it could happen by the end of this year.”

Industrial output growth slowed markedly to 4.8% in July from a year earlier, data from the National Bureau of Statistics showed, lower than the most bearish forecast in a poll and the weakest pace since February 2002.

Analysts had forecast it would slow to 5.8%, from June’s 6.3%. Washington had sharply raised some tariffs in May.

Infrastructure investment, which Beijing has been counting on to stabilize the economy, also dropped back, as did property investment, which has been a rare bright spot despite worries of potential housing bubbles.

Crude steel output fell for a second straight month, while production of motor vehicles continued to fall by double digits. Hi-tech manufacturing output rose by a slower 6.6%, and the country’s power output edged up just 0.6%.

The industry ministry said last month that China would need “arduous efforts” to achieve its 2019 industrial growth target of 5.5% to 6.0%.

INVESTMENT, RETAIL SALES GROWTH COOLS

China’s economic growth cooled to a near 30-year low of 6.2% in the second quarter, and business confidence has remained shaky, weighing on investment.

While officials have cautioned it would take time for higher infrastructure spending to kick in, construction growth has been more subdued than expected.

Fixed-asset investment rose 5.7% in January-July from the same period last year, lagging expectations of a 5.8% gain and dipping from the previous reading.

But readings by sector showed a more marked loss of momentum in critical areas at the start of the third quarter.

Infrastructure investment rose 3.8% in the first seven months from a year earlier, slowing from 4.1% in the first half despite massive local government bond issuance, mainly to fund road and rail projects and other civic works.

Data from Japanese construction equipment maker Komatsu Ltd. (6301.T) showed activity remained weak, with operating hours for its machines in China falling for a fourth straight month.

In a sign the housing market’s resilience may be waning as Beijing cracks down on speculation, property investment slowed to its weakest this year. It rose 8.5% in July on-year, from June’s 10.1%. Though home sales inched back to growth, new construction starts cooled.

Retail sales are also pointing to growing consumer caution, most evident in slumping auto sales but also in property-related spending on items such as home appliances and furniture.

Retail sales rose 7.6% in July, well off consensus of 8.6% and weaker than the most pessimistic forecast. Sales had jumped 9.8% in June, which many analysts had predicted would be temporary.

Job security worries may also be a factor. Nationwide survey-based unemployment edged up to 5.3% from 5.1% in June, though market watchers believe it could be much higher.

“We maintain our view that (economic) growth has yet to bottom out and expect Beijing to maintain its easing policy stance,” economists at Nomura said.

Nomura expects growth will slow to 6.0% in the third and fourth quarters, the bottom end of the government’s target range.

Authorities have already announced hundreds of billions of dollars in infrastructure spending and corporate tax cuts over the last year, and repeatedly cut bank’s reserve requirements (RRR) to free up more funds for lending and reduce borrowing costs.

But credit demand has been tepid, with companies in no mood to borrow or invest given the uncertain business outlook 上海夜生活网and banks wary of rising bad loans.

Sources told recently that more aggressive action such as interest rate cuts are a last resort, as it could fuel a rapid build-up in debt and financial risks.

Highlighting those concerns, the Politburo, a top decision-making body of the Communist Party, took the unusual step last month of announcing it would not use the property market as a form of short-term stimulus.

ESCALATING TRADE WAR

Recent months have been marked by a sudden escalation in the year-long U.S.-China trade war that has raised risks for both economies and sparked fears of a global recession.

A brief ceasefire was shattered earlier this month after U.S President Donald Trump vowed to impose a 10% tariff on more Chinese goods from Sept. 1.

China let its yuan currency slide to an 11-year low days later, prompting the U.S. Treasury Department to label Beijing a currency manipulator.

Some relief came on Tuesday, however, after Trump said he would delay duties on some Chinese imports including cellphones and other consumer goods, in an apparent effort to blunt tariffs’ impact on U.S. holiday sales.

Still, new tariffs will go into effect next month on about half of Washington’s $300 billion target list of Chinese goods, and analysts say the chance of any durable trade deal after the recent escalations has sharply receded.

GM faces declining sales and price wars in largest markets

(This July 31 story corrects name of GM unit to GM Financial in paragraph 8)

By Ben Klayman

DETROIT ( ) – General Motors Co’s (GM.N) investors will see on Thursday how the Detroit carmaker is weathering declining sales and mounting price pressures in its largest markets when it reports second-quarter earnings.

Slumping industry demand in China, the world’s largest auto market, and an escalating price war in the lucrative U.S. pickup truck segment are ratcheting up the pressure on GM. Other automakers, including U.S. rival Ford Motor Co (F.N) and Germany’s Daimler AG (DAIGn.DE), offered disappointing forecasts last week.

In April, GM Chief Executive Mary Barra said her “confidence in the year ahead remains strong,” citing the company’s new full-size pickup truck launch and the automaker’s ongoing business transformation.

Investor David Kudla, chief investment strategist for Michigan-based Mainstay Capital Management, said GM must “carefully juggle” its restructuring with the rollout of its high profit vehicles even as it invests for the industry’s future while facing such headwinds as declining global sales.

For the full year, GM has forecast adjusted earnings of $6.50 to $7 a share and adjusted automotive free cash flow in the range of $4.5 billion to $6 billion.

For the second quarter, analysts expect GM to earn $2.08 billion, or $1.44 a share, on revenue of $36.1 billion, according to IBES data provided by Refinitiv.

GM must deliver as much as $10 billion in cash flow in the final three quarters of 2019 to hit its full-year target, amid stagnant U.S. demand and plummeting industry sales in China. It reported a negative cash flow of $3.9 billion in the first quarter.

In April, GM said it would hit its full-year target through strong performance, and annual dividends from China and GM Financial.

In 2018, the Detroit company reported negative cash flow of $3.3 billion in the first quarter, but ended the year at positive $4.4 billion.

Auto sales in China, GM’s largest market, are headed for a decline for the second year running after demand contracted for the 12th straight month in June.

In the second quarter, GM’s China sales slid 12%, a slight improvement over the 17.5% decline in the first quarter.

GM has laid out plans to introduce around 20 new models or variants of older ones this year, most in the second half. Profit pressure could increase as it launches a series of lower-margin electric vehicles over the next several years.

Last week, Ford posted a lower-than-expected profit and provided investors with a full-year earnings forecast that fell short of analysts’ expectations, and luxury carmaker Daimler reduced its 2019 sales outlook for Mercedes-Benz cars.

GM’s profits in the lucrative pickup truck market have also been pressured by an escalating price war with Ford and Fiat Chrysler Automobiles (FCA) (FCHA.MI). The three Detroit automakers dominate the segment.

GM executives previously said they were “bullish” on sales in the segment for the rest of the year, and have cited the introduction of more profitable models as the launch continues.

GM Chief Economist Elaine Buckberg said this month that U.S. industry sales were strong in the first half and should remain so in the second half and get even more support if the Federal Reserve cuts interest rates as expected.

The company’s U.S. inventory of Chevrolet Silverado and GMC Sierra trucks at the end of July was 108 and 110 days, respectively, according to Automotive News. In comparison, inventory for the Ford F Series and FCA RAM trucks stood at 88 and 75 days, respectively.

GM no longer discloses monthly sales dat上海夜网a and a company spokesman said the Automotive News estimates were incorrect. He added that truck inventories were approaching “optimal levels” and GM tries to maintain about a 100-day supply because of the complexity of truck offerings.

Last week, GM backed off the target for commercial deployment of cars by its Cruise self-driving unit beyond 2019, citing a need for more testing.

Mueller complained to Barr about his summary of Russia probe: Washington Post

WASHINGTON ( ) – Special Counsel Robert Mueller complained in a letter to Attorney General William Barr that his four-page summary of Mueller’s Russia report “did not fully capture the context, nature, and substance” of the investigation’s conclusions, the Washington Post reported on Tuesday.

The Post said it reviewed a copy of Mueller’s letter, which was written in late March after Barr released a summary on March 24 that said Mueller did not establish that members of President Donald Trump’s campaign conspired with Russia during the 2016 election.

Barr also said in the summary that Mueller had not reached a conclusion on whether Trump obstructed justice. Barr said he and Deputy Attorney General Rod Rosenstein had found the evidence insufficient to support such a charge.

Justice Department spokeswoman Kerri Kupec, in a statement, confirmed that Mueller wrote上海夜生活网 to Barr after the summary was released to express frustration over “the lack of context and the resulting media coverage,” particularly about Mueller’s conclusions on obstruction of justice.

Democrats have accused Barr of trying to spin the report’s conclusions to protect Trump.

In a statement in response to the Post report, House of Representatives Judiciary Committee Chairman Jerry Nadler said Barr “should not have taken it upon himself to describe the Special Counsel’s findings in a light more favorable to the President.” The Democratic lawmaker demanded the Justice Department release a copy of Mueller’s letter by Wednesday morning.

Barr’s four-page summary was released more than three weeks before a redacted version of Mueller’s 448-page report was released to the public on April 18.

“The summary letter the Department sent to Congress and released to the public late in the afternoon of March 24 did not fully capture the context, nature, and substance of this office’s work and conclusions,” Mueller wrote, according to the Post.

“There is now public confusion about critical aspects of the results of our investigation. This threatens to undermine a central purpose for which the Department appointed the Special Counsel: to assure full public confidence in the outcome of the investigations,” the Post quoted Mueller as writing.

Peter Carr, a spokesman for Mueller, declined to comment to .

Mueller asked Barr to release the report’s introductions and executive summaries quickly, without waiting for the full report to go through the redaction process.

“Release at this time would alleviate the misunderstandings that have arisen and would answer congressional and public questions about the nature and outcome of our investigation,” Mueller wrote, according to the Post.

Kupec said after receiving Mueller’s letter, Barr called the special counsel and they had a “cordial and professional conversation.”

Kupec said “the Special Counsel emphasized nothing in the Attorney General’s March 24 letter was inaccurate or misleading.”

She said Barr declined Mueller’s request to release part of the report early, deciding “it would not be productive to release the report in piecemeal fashion.”

Mueller’s letter is likely to be brought up when Barr testifies on Wednesday about the Russia investigation before the Senate Judiciary Committee. It will be the attorney general’s first appearance on Capitol Hill since the report’s release.