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FCA-Renault deal hopes aid European shares

( ) – Strong Chinese export data and the U.S.-Mexico deal to avoid new import tariffs bolstered the mood on European stock markets on Monday, while car company shares also got a lift from signs of moves to revive Fiat-Chrysler and Renault’s merger.

The pan-regional STOXX 600 index rose 0.4% by 0805 GMT, with trading volumes thinned out by the Whit Monday holiday in Germany, Switzerland, Austria and most Nordic countries.

The auto sector gained 0.5% on signs that Fiat Chrysler Automobiles NV and Renault SA were looking for ways to resuscitate their collapsed merger plan and secure the approval of Nissan Motor Co.

Fiat Chrysler and Renault’s shares were both up about 2% after sources close to the companies told they were back in discussions on ways to revive the deal.

“We believe it is too early to talk about negotiations being re-opened,” Equita analyst Emanuele Gallazzi wrote in a note.

“Today’s news together with the hypotheses discussed in various press sources relating to alternative scenarios for FCA, including GM, Hyundai and Geely, keep high the speculative appeal of the stock.”

President Donald Trump on Friday retreated on last month’s shock threat of a 5% import tariff on all Mexican goods in exchange for moves on immigration, providing relief to investors worried that a second major U.S. trade dispute would drive the globa上海夜生活网l economy into recession.

“Markets are blowing small celebratory bubbles this morning,” Deutsche Bank analysts said in a note.

Trade tensions between the U.S. and China still lingered, with Group of 20 finance leaders saying that trade and geopolitical tensions have raised risks to improving global growth while stopping short of calling for a resolution of the conflict.

Adding to gains was some residual buying after weak U.S. nonfarm payrolls data on Friday that spurred hopes of the Federal Reserve cutting interest rates.

Concerns over the pace of growth in the world’s major economies drove a nearly 6% fall in European stock markets in May, their worst month in more than two years, but have been countered since by hopes of new stimulus from central banks to head off the threat.

Among other stocks, BAE Systems gained 1% on hopes of further deal making in the aerospace and defense space after United Technologies Corp agreed on Sunday to combine its aerospace business with U.S. contractor Raytheon Co, in what would be the sector’s biggest ever merger.

Thomas Cook’s shares jumped 15% after a report that Hong Kong’s Fosun Tourism was in talks to buy its tour operating business as the British group faces breakup after issuing three profit warnings in the past year.

Ferguson Plc fell 4% after the British plumbing products distributor’s third quarter revenue missed analysts’ estimates.

RPT-Fear and fervour propel Shanghai’s tech board amid trade, Huawei tensions

(Repeats with no change to text)

* Huawei ban, trade war fuel patriotic support for the new board

* 120 firms seeking to list, aiming to raise total of $16 bln

* About 100 tech-focused funds awaiting regulatory approval

* Venture capitalists scrambling to grab share of pre-IPO funding

By Samuel Shen and Josh Horwitz

SHANGHAI, June 11 ( ) – Chinese companies and investors are lining up in spades to take part in Shanghai’s new Nasdaq-style tech board, with a groundswell of patriotic support surging further after the U.S. blacklisting of telecom firm Huawei inflamed tr上海夜生活ade tensions.

In the two months since the application period began, 120 firms – many in industries such as semiconductors, artificial intelligence and biotech – have sought permission to list, aiming to raise a combined $16 billion.

By comparison, IPOs on Shanghai’s main bourse last year raised $11.7 billion while those on the Shenzhen exchange raised $8 billion, according to Refinitiv data.

On the investment side, there’s been a rush to launch tech-focused mutual funds, with about 100 currently seeking approval, data from the China Securities Regulatory Commission shows. Since late May, 12 such funds targeting the new board, each with a fundraising cap of 1 billion yuan ($145 million), have been launched.

The first mainland China exchange-run board to not make profitability a listing requirement, Shanghai’s Sci-tech Innovation Board was announced suddenly by President Xi Jinping in November and is widely seen as Beijing’s latest move to become self-sufficient in core technologies such as chips.

Those ambitions, highlighted by the government’s “Made in China 2025” campaign launched four years ago, have now taken on added urgency as the trade war with Washington and anxiety about its impact escalate.

“The trade war is no longer simply about China importing more soybeans, or reducing trade deficits,” Shi Donghui, director of the Shanghai Stock Exchange’s Capital Market Institute told a financial forum last month after U.S-China trade talks collapsed.

“It’s essentially a tug of war around industry supply chains and core technologies,” he said, adding that as the two economic powers vie for tech supremacy, exchange staff were working day and night seven days a week to make the new board a success.

PATRIOTIC ENTHUSIASM

Washington’s ban in May on U.S. firms doing business with Huawei without government approval highlighted gaps in China’s tech prowess and has fuelled patriotic enthusiasm for the board.

If the new board can foster internationally competitive technologies, “Trump will no longer be able to choke us,” said Zhou Xiangyong, general manager of Guotai Asset Management, a Shanghai-based mutual fund house.

“China must turn external pressure into internal drive,” said Pan Jiang, CEO at private fund manager Shanghai V-Invest Co, which recently launched eight funds targeting the new board.

China Galaxy Securities estimates domestic mutual fund houses alone could pump more than $40 billion into the board, with about a third of that coming from new funds launching over the next six months.

In addition to allowing loss-making firms to list, the new board is doing away with paternalistic guidance from regulators on IPO pricing and timing – developments that have some bankers and investors calling it China’s boldest market reform yet.

A formal launch date has not been announced but investment bankers have said they expect it to start operating either late this month or in early July.

For Yuan Guowei, founder and CEO of big data startup Shanghai HyperS Data Technology Inc, being able to list while still loss-making is an opportunity not to be missed.

“We see U.S. companies which keep expanding aggressively despite losses. We couldn’t do that in the past, as we want to go public and struggled to balance expansion and making a profit,” he said.

Compared to the United States, stock market investment in China’s tech sector has been low, in part due to stricter listing requirements around profitability.

Tech companies account for roughly 11% of total market value in China’s stock markets, which are heavily weighted toward the financial sector, according to China Securities Index Co. In contrast, IT firms account for nearly 30% of the S&P 500’s market capitalisation, Refinitiv data shows.

Channeling investor money into homegrown technologies via the tech board could also help defuse U.S. criticism over the opaque shareholding structure of some Chinese firms and massive state subsidies for the tech sector, analysts said.

Foreign investors, however, are not expected to have much initial involvement in the new board. There are as yet no plans for it to be part of the cross-border Connect scheme, while overseas investors participating in the QFII investment scheme for mainland stocks tend to buy blue-chip shares due to their limited research capabilities in China.

VENTURE CAPITAL SCRAMBLE

The big unknown, however, is just how successful the new board will be in the long term.

China’s other startup boards have mostly languished despite a wellspring of excitement in their early days. Often speculation sent prices soaring, but those prices later collapsed spectacularly, souring investor sentiment to a point from which it never recovered.

The new tech board “is being propelled directly by China’s top decision-makers, so it has to succeed. It cannot afford to fail,” said Fu Ziheng, economist at China Fortune Securities.

“But there’s a lot of uncertainty ahead….and technology innovation does not happen overnight.”

High-profile companies planning to list on the new board include Beijing Kingsoft Office Software Inc, China’s biggest provider of officer software controlled by Xiaomi Corp founder Lei Jun, as well as chip sector firm Advanced Micro-Fabrication Equipment Inc.

For a factbox on some of the companies planning to list please click.

Excitement surrounding prospective candidates is so high that venture capitalists interested in pre-IPO financing say they need to move quickly on due diligence or lose out to the competition, particularly in strategic industries such as chips.

“When companies conduct pre-IPO financing, you may have to make decisions in 1-2 weeks, which is very demanding for the investment team. Previously, such decisions were made over 1-2 months,” said Feng Sicheng, an investment manager at private equity firm GP Capital who specialises in the chip sector. ($1 = 6.9082 Chinese yuan)

Oil rebounds as Trump says letter revives China trade hopes

HOUSTON ( ) – Brent oil futures settled slightly higher on Thursday, rebounding from a drop after U.S. President Donald Trump revived investor hopes that the United States might not raise tariffs on Chinese imports, a step that could hit economic growth and crimp oil demand.

The trade dispute between the world’s two biggest economies and a sharp drop in global equity markets has hit oil prices, outweighing geopolitical tensions and supply cuts that have lowered global supplies from Latin America, Africa and the Middle East.

Brent settled 2 cents higher at $70.39 a barrel, rebounding from a session low of $69.40 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled down 42 cents at $61.70 per barrel.

Prices bounced off session lows after Trump said he received a “beautiful letter” from Chinese President Xi Jinping. Trump quoted the letter as saying: “Let’s work together let’s see if we can get something done.”

The letter fed investor hopes Washington and Beijing might clinch a trade deal, said Bob Yawger, director of energy futures at Mizuho in New York.

The trade row has dragged economic growth in Asia and a breakdown in Sino-American negotiations could call global crude demand forecasts into question, said John Kilduff, a partner at Again Capital Management LLC.

The U.S. Energy Information Administration expects global oil demand to rise by 1.4 million barrels per day (bpd) this year.

“It’s why OPEC is being a bit stingy with barrels,” Kilduff said, referring to output cuts by the Organization of Petroleum Exporting Countries and allies including Russia. “They don’t want to step into that situation if the trade talks go off the rails.”

OPEC’s top producer Saudi Arabia has been reluctant to add barrels to global supply because it fears a price crash, even as the organization is unsure of global supplies for the second half of the year, OPEC sources said.

U.S. sanctions on Venezuela and Iran, and threats to oil supplies in Nigeria in Libya have supported oil prices, mitigating the impact of the trade dispute, analysts said. Brent and WTI have risen more than 30 percent so far this year.

“The supply uncertainty is what’s holding the (U.S. oil) market above $60 a barrel,” said Phillip Streible, senior market strategist at RJO Futures in Chicago. “The demand uncertainty is what has it in the red today. But we’re holding pretty good.”

Earlier this week, data showing a surprise drop in U.S. crude inventories also buoyed prices.

The U.S. tariffs on $200 b上海夜生活论坛illion of Chinese goods would rise to 25 percent without a deal on Friday. China has threatened to retaliate, triggering a flight to safety among investors.

(Graphic: U.S. crude inventories, weekly changes since 2017 – tmsnrt.rs/2XfuQqn)

Private equity Sycamore says Chico’s declined to engage on buyout offer

May 10 ( ) – Sycamore Partners LP said on Friday struggling women’s apparel retailer Chico’s FAS Inc has declined to engage with the private equity firm on its cash offer to buy the company for $407.8 million.

In an SEC filing, Sycamore disclosed a 6.6% stake in the company, making it the fourth largest shareholder in Chico’s. The private equity had offered about $3.50 per Chico’s share, a discount of 5.4% to the company’s Thursday close.

Chico’s FAS, which is known for its Soma brand of women’s intimate apparels, operates more than 1,000 stores in the United States and Canada and also sells its merchandise online.

The company did not immediately respond to a request for comment.

The 36-year-old retailer has b上海夜网een struggling with sales dropping for at least the last three years and is in the middle of a search for a new chief executive officer after Shelley Broader abruptly resigned in April.

“Given the rate and severity of the deterioration of the company’s business, we believe that it is in the best interests of all stockholders for the board to create those options,” Sycamore said in a letter to Chico’s board, which was part of the filing.

Shares of the company, which have fallen nearly 62% in the last one year, were up 2% in early morning trade.

Libya agrees $34 billion budget for 2019 after months of disputes

TRIPOLI ( ) – Libya’s U.N.-backed administration agreed with the central bank and other players on a 2019 budget worth 46.8 billion dinars ($33.83 billion), it said on Monday after months of arguments.

The “financial arrangements”, as the budget is called officially, mark an increase from last year’s 42 billion dinars.

Libya has no proper budget as authority is divided between the U.N.-backed Tripoli government and a parallel administration allied to the internationally recognized parliament in the east, part of a conflict since the toppling of Muammar Gaddafi in 2011.

The central bank therefore agrees with Tripoli – with the tacit agreement of authorities in the east mediated by Western powers and international institutions — on a budget mainly covering public salaries and fuel subsidies for the whole country.

The Tripoli government and the central bank had been arguing over how to use funds raised by a 183 per cent fees slapped on hard currency transactions since autumn. 

The fees are aimed at bridging a gap between official and black market rate by moving the official rate to effectively 3.9 versus one dollar. Before it was 1.4.

The上海夜网 black market rate has fallen since then to around 4.1 from 6.

“After extensive discussion a total value of the financial arrangements (of) 46.8 billion dinars was agreed upon,” the government said in a short statement. It gave no details.

PG&E close to reshaping leadership with investor backing: WSJ

( ) – PG&E Corp is close to naming a new chief executive officer and revamping its board backed by some of its largest investors, the Wall Street Journal said on Saturday, as the power utility restructures after filing for bankruptcy because of potential liabilities from California wildfires.

Bill Johnson, who is set to retire as the CEO of Tennessee Valley Authority in April, is the front-runner to get the top job at PG&E, the Journal reported.

PG&E has also made offers to 10 new independent board candidates and is expected to unveil the slate as soon as next week, saying it has significant shareholder support, according to the report.

Johnson’s new role, which could also be announced next week, has not yet been finalized and other candidates were still being interviewed, the newspaper added.

The utility filed for bankruptcy protection in January in anticipation of liabilities from the wildfires, including the catastrophic 2018 Camp Fire that killed 85 people.

PG&E declined to comment, while no one was available at U.S.-owned TVA to comment on Saturday.

A trio of activist investors, that together own nearly 10 percent of PG&E stock, has been working with the company to change its management, the Journal reported.

The three hedge funds, Abrams Capital Management LP, Knighthead Capital Management LLC and Redwood Capital Management LLC, said in a filing on Friday they had agreed with PG&E to work together to appoint a new CEO and refresh its board. bit.ly/2HqIxyM

The board slate 上海夜生活论坛they have helped PG&E assemble is expected to include experts on cyber security, nuclear security and restructurings, the Journal said.

PG&E’s previous CEO, Geisha Williams, stepped down in January after less than two years on the job.

Last month, the company said it expected only five of its current 10-strong board to stand for reelection at an annual shareholder meeting in May. It also said it expected the board to include 11 independent directors by the time of the meeting, without specifying how big the board would finally be.

The Journal said the efforts of the three investors are separate from those of another PG&E investor, BlueMountain Capital Management, which earlier in March named its own slate of 13 people it hopes to install as directors at the embattled power utility.

Pep adamant City are not fatigued

The Citizens show no signs of slowing上海夜生活 down and their manager is confident that fatigue will not be an issue within his squad.

Manchester City boss Pep Guardiola believes that exhaustion will not be a problem that will affect the performance of his high-flying squad.

The Blues from Manchester are 13 points clear on top of the English top-flight, winning 18 out of 19 games this season, while scoring 60 and conceding just 12. However, a lot of people believe that the high-energy style of Guardiola might prove to be a problem over the festive period in England, but the Catalan has little to no worries about that.

“Fatigue, I don’t think so. It may happen but we’ve a good enough squad,” Pep was quoted by UK newspapers.Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

“Gabriel [Jesus] didn’t play against Bournemouth – he played 120 minutes against Leicester and he’s the biggest fighter in high pressing I’ve seen in my life. He helps us a lot with our intensity.

“Danilo, Bernardo [Silva], [Ilkay] Gundogan all helped us against Bournemouth. We have Yaya [Toure]. Last game, [Oleksandr] Zinchenko was man of the match and he was not in the squad against Bournemouth.

“Of course we will rotate in this period. We have a game every four days. Everyone that has played in the past is going to play in the future.”

Clattenburg talks about Premier League leave

The 42-year-old revealed what caused him to quit his job in England and go through a change of scenery.

Mark Clattenburg insists he made up his mind to give up on being a referee in England following a game between Stoke City and Manchester United. After the final whistle, the Red Devils’ boss went to the officials’ dressing room and questioned Clattenburg’s penalty decision, which got to the Englishman.

The 42-year-old referee is now working as head for refereeing at the Saudi Arabian Football Federation after a 13-year spell in England.

While on the Men in Blazers podcast, Clattenburg spoke about his decision to leave the Premier League and start over somewhere else.

“I was refereeing the game when Wayne Rooney broke Bobby Charlton’s record and Mourinho came into my dressing room and he was unhappy about a handball penalty that I didn’t give.Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

“I’d walked off that pitch at Stoke, which was always the coldest stadium, it was always wet and miserable, and refereeing Man United was never an easy match.

“To come off that match it felt immense that I’d actuall上海夜网y had a good performance, and for him to come into my dressing room and criticise my performance for a handball that I’d seen, that had clearly come off his chest, I knew that I was right but he’d put a seed of doubt into my mind.

“I drove home 250 miles thinking I’d made a big error, my wife knew my attitude had changed, and I thought to myself, ‘Do I really want to be a part of this anymore? Do I really want to referee?’

“And I went soul-searching, I wasn’t enjoying it as much as I used to and I had to get out.”

Lingard wants to make sure that Manchester will be red

The Manchester United youngster, Jesse Lingard, tried to boost the confidence of his side before the upcoming derby clash against Manchester City by saying that the city has to be red after that fixture.

The young winger insisted that he can’t see any reason why his Red Devils can’t beat the league leaders at home and start chasing them – the Citizens are now eight points ahead of their rivals but the title race is still far from being over. Jesse Lingard seems to be highly motivated for that clash and he wants to do his best to help his side in their effo上海夜生活rt to minimize the deficit in the Premier League table.

The Englishman spoke about the upcoming game as he said, according to Goal: “I am confident. It’s two great teams going out there and you don’t know what the game is going to be like. It might be a battle; it might not be pretty. But if we come out on top, it’s always good for the city of Manchester. We need to make sure that Manchester is red at the end of the day. Like us, they have lots of big players.”Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

He added that Manchester City are very strong and he pointed out two specific key players: “When [Kevin] De Bruyne’s on the ball, he’s always got that eye for a killer pass that can put a player one-on-one with the keeper, and Raheem Sterling’s been popping up with the late goals.”

In the end, Jesse Lingard claimed that he will forget his friendships with the opposition players for these 90 minutes: “You know quite a lot of them [City’s Academy players] growing up, and through the England set-up as well. I’m good friends with Raheem [Sterling] off the pitch. But when you’re on the pitch, there are no friends and we’re there to do a job and win the game.”

Bellerin: Arsenal silenced doubters

Arsenal defender Hector Bellerin claims the Gunners have silenced their critics when they defeated Tottenham in the north London derby at Emirates

Thanks to the goals of Alexis Sanchez and Shkodran Mustafi, Arsenal are now within one point of their local rivals Tottenham Hotspur in the English Premier League.

Not only the result, but the manner the Gunners showed in their victory is what silenced the naysayers, according to Bellerin.

“There’s always a lot of talk but I think it was one of those games where we showed what we could do. We shut some mouth as well,” Bellerin told Arsenal’s official website.

上海夜生活

“There are people who talk a lot and now, after watching that game at home, they’ll be thinking that these guys have a chance.”

Arsenal need to keep up the intensity against Burnley as they meet in next weekend’s Premier League clash.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…

“That’s what we’re trying to do. Sometimes, for different reasons, we haven’t been able to do it, but this is how we set the bar and show what potential we have,” Bellerin said.

“That’s what we’ve got to work hard to do every single week, week in, week out.”

This was the first north London derby defeat of Mauricio Pochettino’s side and it resulted in Spurs now being 11 points behind league leaders Manchester City.

“It’s a low, it’s a big hit for us,” Tottenham midfielder Christian Eriksen told the club’s official website.

Defender Ben Davies added: “We know we can do so much better than that. When their goal came it was a bit of a sucker-punch and to concede another before half-time was a bit sloppy and killed us. We were confident in ourselves.”

Arsenal will get a chance to take over Tottenham in the next fixture of the English top-flight, but the Gunners will need to do their best if they want to defeat Burnley, who are in great form currently.

Emre Can to leave Liverpool

According to Jurgen Klopp, Liverpool should accept the fact that Emre Can might leave the Reds next summer

According to GOAL, the Germany international’s contract expires at the end of the season and there is interest from Juventus and Bayern Munich.

Liverpool head coach Jurgen Klopp says losing a player due to a pre-contract agreement with another team is a “part of football”. The Reds are yet to agree on a contract extension with the midfielder, if they want to.

Even though Can’s contract expires in June 2018, the 23-year-old can start negotiations with other clubs in January, six months prior to his possible departure from Anfield.

Juventus have shown interest in the central-midfielder earlier, and the Turin side have been tipped now, with speculations saying Can may join the Italian side.

Furthermore, Bayern Munich head coach Jupp Heynckes praised the qualities of the youngster during a press conference 上海夜网on Friday, which again led to speculations about Can’s possible transfer move to Germany.Ronaldo opens up about retirement plans Nedim Maric – Cristiano Ronaldo is still playing at a top-level even at 34 years of age.Juventus is looking to end the 23-year-old drought of not winning…

“Emre Can is a good boy, he has developed very well, is dynamic and powerful,” Heynckes said.

Jurgen Klopp said everything is okay, and the midfielder doesn’t show signs about being bothered by his possible transfer.

“As long as Emre doesn’t give me one sign that his mind is somewhere else then I don’t have to talk about this. Everything is okay from my side, but nothing new.”

“It’s part of football. If it happens, we can’t change it,” the coach said about the possibility of Can leaving.

Klopp concluded the topic by saying Liverpool have to accept it if Can leaves, since it is a normal situation in football.

“We have to accept even an ending contract. There are two sides who could have done different. One is the club, the other is the player. It is a normal situation.”

Preview: Arsenal – Crvena Zvezda

Arsenal sit top of Group H with 9 points after winning all 3 of their opening games and will qualify for the first knockout round if they avoid defeat in this match.

Flashscore presents the key facts before the match:

Arsene Wenger will rest all of the players who featured in the 2-1 win at home to Swansea in the Premier League on Saturday and is expected to stick with the youthful team used throughout the competition so far.

The Gunners have scored at least 1 goal in 16 of their last 17 European matches and their last goalless draw was 29 games ago a上海夜生活论坛gainst Besiktas in the Champions League in August 2014.

There have been at least 4 goals in 2 of Arsenal’s last 3 EL matches, while there have been less than 3 goals in 7 of Crvena Zvezda’s last 9 games in the competition.Five things we learned from Man United’s draw vs Arsenal Tomás Pavel Ibarra Meda – After a new Premier League match between Man United and Arsenal, we have to look at the five things we learned from this draw.Man…

Crvena Zvezda have lost just 2 of their last 12 EL matches, with 1 of those defeats coming at home to Arsenal in the reverse fixture a fortnight ago, winning 6 and drawing 4 their other 10 games.

Missing players

Arsenal: S. Cazorla (Achilles tendon injury), S. Kolasinac (hip injury), D. Welbeck (muscle injury), K. Bielik (doubtful), C. Chambers (doubtful), A. Lacazette (doubtful), S. Mustafi (doubtful), D. Ospina (doubtful), M. Ozil (doubtful), A. Sanchez (doubtful).

Crvena Zvezda: B. Jovicic (injury), M. Rodic (red card), N. Milijas (doubtful), Ricardinho (doubtful).

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.”

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.”

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.”

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.

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.

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.