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High-yield junk market still attractive: top bond manager Margaret Patel

NEW YORK ( ) – The gains in high-yield junk bonds are not over, thanks to the Federal Reserve’s supportive stance on monetary policy, Margaret Patel, one of the mutual-fund industry’s longest tenured and most well-known bond managers, said on Tuesday.

“The risk-taker will be rewarded,” Patel, a senior portfolio manager at Wells Fargo Asset Management, said at the New York headquarters of . The ICE Merrill Lynch U.S. high-yield index has posted returns of 8.92% so fa上海夜生活论坛r this year. Patel’s Wells Fargo High Yield Bond fund is up 8.68% for the same period.

“I see a downward drift in yields in junk bonds,” she said.

Patel, who has more than 40 years’ experience in the business, said the Fed will not be cutting off liquidity and could, in fact, slash interest rates this year. The Fed’s potential cuts will trigger another wave of gains and access to credit for high-yield companies, which issue debt with less-than-stellar credit ratings called junk bonds.

“Why should junk bond spreads be 450 basis points over Treasuries if defaults are a needle in a haystack? Makes no sense,” Patel said.

The economy is slowing down but not to the point of recessionary levels, Patel said. She characterizes the economic backdrop as marked by “low inflation, modest growth, low interest rates and low volatility.”

As a result, junk bond returns will continue to be modest for a number of years, Patel said. She favors the industrial, healthcare and technology sectors.

For their part, U.S. equities “could definitely move higher,” she added.

After starting as an equities analyst, Patel eventually became a portfolio manager where her reputation rose primarily on the bond side. Before joining Pioneer Investments in 1999, Patel had started a bond fund for Third Avenue’s fund family. It was later acquired by the Boston asset manager.

Highlights: The Trump presidency on April 13 at 9:30 P.M. EDT/0130 GMT on Friday

( ) – Highlights for U.S. President Donald Trump’s administration on Thursday:

AFGHANISTAN

The United States drops a massive GBU-43 bomb, the largest non-nuclear bomb it has ever used in combat, in Afghanistan against a series of caves used by Islamic State militants, the Pentagon says.

NORTH KOREA

Trump says Pyongyang is a problem that “will be taken care of” amid speculation that North Korea is on the verge of a sixth nuclear test.

Military force cannot resolve tension over North Korea, China warns, while an influential Chinese newspaper urges Pyongyang to halt its nuclear program in exchange for Beijing’s protection.

The Trump administration is focusing its North Korea strategy on tougher economic sanctions, possibly including intercepting cargo ships and punishing Chinese banks doing business with Pyongyang, U.S. officials say.

RUSSIA

Trump says “things will work out fine” between the United States and Russia, a day after declaring U.S.-Russian relations may be at an all-time low.

FEDERAL RESERVE

Trump signals he could be moving closer to the mainstream on monetary policy, saying he has not ruled out reappointment of Janet Yellen as Federal Reserve chair as he considers his choices for the U.S. central bank. [nL1N1HL14B]

ABORTION

Trump signs a resolution that will allow U.S. states to restrict how federal funds for contraception and reproductive health are spent, a move cheered by anti-abortion campaigners.

DEUTSCHE BANK

Democratic Senator Chris Van Hollen presses Deutsche Bank to release information about issues including Trump’s debt and any bank meetings with Trump administration officials, saying he has “great concern” about possible conflicts of interest.

EXPORT-IMPORT BANK

Trump’s office says he plans to revive the hobbled Export-Import Bank of the United States, a victory for American manufacturers such as Boeing Co and General Electric Co that have overseas customers that use the agency’s government-backed loans to purchase their products.

FINANCIAL REGULATION

Top Wall Street bankers say they are having positive discussions about financial regulation in Washington, and downplay the idea U.S. policymakers may force their institutions to split up.

TRADE WITH JAPAN

The United States is pushing for trade to be a key issue in top-level economic talks with Japan, a source says, an unwelcome development for Tokyo, which is seeking to fend off U.S. pressure to reduce the bilateral trade imbalance.

IMMIGRATION

Trump’s administration has focused on one group of illegal immigrants more than others: women with children, according to eight Department of Homeland Security officials interv上海夜生活论坛iewed by about agency planning.

Billionaire Schwartz makes $2.6 billion bet on Canada’s WestJet Airlines

( ) – Billionaire Gerry Schwartz pounced on Canada’s WestJet Airlines on Monday as his private equity firm Onex Corp offered to buy the struggling airline for C$3.5 billion ($2.6 billion), betting it can turn around its recent decline by taking the company private.

The surprise offer for C$31 a share, a 67% premium to their closing price on Friday, sparked a surge in WestJet shares, which closed up 60% at $29.61. If completed, it would be the biggest private equity deal ever for an airline, according to Refinitiv data.

If Onex obtains shareholder and regulatory approvals, the deal would help Schwartz get his hands on an airline two decades after he missed out on buying Air Canada, WestJet’s bigger rival. Air Canada shares rose more than 5%.

WestJet shares, which touched a record high of C$34.95 in December 2014, have recently been trading at almost half that level. The airline has reported declining net profit for each of the last three years, hurt by rising fuel costs, pressure on ticket prices and other issues.

Even before the global grounding of Boeing’s 737 MAX jets in March, WestJet’s earnings had slipped as it worked to contain costs as its workforce unionized and was spending money on bold growth plans to expand international travel, introduce first class cabins and launch a budget carrier called Swoop.

Up to Friday’s close, WestJet shares had fallen 5.5% in the last 12 months while Air Canada shares gained 58%. American rival United Continental Holdings, the company that owns United Airlines, rose 28% in the same period.

“The ‘why now?’ is valuation,” said AltaCorp Capital analyst Chris Murray.

Onex, founded in 1984 by Schwartz who started out at Bear Stearns & Co in the 1970s, approached WestJet’s board in March. Neither Schwartz, nor any other Onex executive was available to comment.

WestJet Chief Executive Ed Sims said on BNN that the deal will allow the company to execute on its long-term growth strategy without the constraints of quarterly scrutiny. It is “a reaffirmation that the path we’re on is actually a path towards long-term profitability irrespective上海夜生活网 of the sort of headwinds that you refer to that we saw regularly in 2018.”

LONG HISTORY

With about $31 billion of assets under management, Onex is not new to investing in the aerospace industry. It bought Spirit AeroSystems from Boeing Co in 2005 and exited its investment in 2014 after making $3.2 billion.

Under Schwartz, who remains CEO, Onex tried to buy Air Canada in 1999 and merge it with now defunct Canadian Airlines, but that attempt failed. Onex shares closed up 4% in a broadly lower market.

Air Canada Chief Executive Calin Rovinescu declined to comment on the Onex deal, telling “it’s business as usual,” on the sidelines of the Air Transport Action Group conference in Montreal.

The Onex bid follows a deal last week where low-cost Latin American airline Viva Air received a $50 million investment from U.S. capital fund Cartesian Capital Group that it will direct toward expansion.

And the parent company of Montreal-based Air Transat has said it is in talks with more than one party regarding a potential transaction, although it is not yet clear what group might buy it.

Onex could “ultimately look” to also acquire Transat to “complement WestJet’s offering,” wrote Desjardins analyst Benoit Poirier in a note to clients. Transat AT stock was up 4 percent in afternoon trading.

The WestJet purchase will be led by Onex Partners, Onex’s private equity platform focused on larger investments. The airline’s board has urged shareholders to vote in favor.

The deal is subject to a number of conditions, including court and shareholder approval and receipt of certain regulatory approvals, including under the Canada Transportation Act.

In Ottawa, Federal Transport Minister Marc Garneau said at first glance the proposed takeover looked fairly standard in terms of an acquisition.

“I am not going to prejudge until I see the details whether there are any regulatory obstacles – at first glance it doesn’t seem to be anything special,” he told reporters.

NO CHANGE TO ‘COMPETITIVE LANDSCAPE’

Alberta’s Premier said on Monday that WestJet and Onex have assured him the carrier’s headquarters will remain in Calgary after the deal.

Chris Rauenbusch, president of the union local representing WestJet flight attendants, said he supports the deal after being informed by company executives that it would not lead to any layoffs among the carrier’s 14,000 employees, while permitting the continuation of its growth strategy.

“We do not believe this transaction dramatically alters the competitive landscape, at least negatively,” Canaccord Genuity analyst Doug Taylor said.

A spokesman for Delta Air Lines said the proposed transaction does not impact plans to implement a U.S-Canada trans-border joint venture with WestJet.

The deal, which has a value of $5 billion including debt, is expected to close in the latter part of this year or early next year.

CIBC Capital Markets and BofA Merrill Lynch were the financial advisers to WestJet, while Barclays, Morgan Stanley and RBC Capital Markets advised Onex.

Canada mulls setting rules for crypto platforms

( ) – Canadian regulators are looking to create new rules for crypto trading platforms, months after the death of the founder of digital platform Quadriga CX that led to about C$180 million ($135 million) in frozen cryptocurrencies.

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) said bit.ly/2Fffz2V on Thursday they are considering a set of tailored regulatory requirements to address the “novel features and risks” of crypto platforms.

“We must adapt to innovation, and provide clarity to the market about how regulatory requirements might best be tailored and applied to these unique business models, while maintaining investor protection,” IIROC Chief Executive Officer Andrew Kriegler said in a statement.

The Quadriga situation highlighted a regulatory vacuum for the cryptocurrency industry in Canada and raised questions about上海夜网 who would be held accountable for any potential losses. The cryptocurrencies have been frozen in Quadriga’s user accounts since its founder Gerald Cotten, the only person with the password to gain access, died suddenly in December.

Canada’s biggest securities regulator, the Ontario Securities Commission, said in February it was looking into the platform given the “potential harm to Ontario investors”.

Obama and Putin to meet; Syria and Ukraine vie for attention

WASHINGTON/MOSCOW ( ) – U.S. President Barack Obama and Russian President Vladimir Putin will meet in New York next week at a time of high tension in Europe and the Middle East, but the Kremlin and the White House disagreed on Thursday over the top priority for the talks.

The White House insisted the meeting would focus on eastern Ukraine, where Russian-backed forces are fighting the Kiev government, prompting tough sanctions that have damaged Russia’s economy.

Moscow, however, said the main focus would be on Syria, where Russia has built up its military forces in recent weeks with combat aircraft, tanks and other equipment in support of President Bashar al-Assad.

Putin’s spokesman, Dmitry Peskov, told reporters: “Of course, the primary topic will be Syria.” Asked whether Ukraine would be discussed, he said: “Well, if time allows.”

“There will be time,” Obama’s spokesman, Josh E上海夜网arnest, retorted during a briefing in Washington. Earnest, speaking at the White House, played down the possibility for any “major announcement” from the meeting.

Related CoverageObama to ask Putin for clarity on Russian involvement in Syria

The leaders will be in New York to address the United Nations General Assembly on Monday morning. Peskov said the meeting would take place after Putin’s speech, but Earnest declined to say when it would happen.

The two camps also differed over who called for the meeting. The Kremlin said it was organized “by mutual agreement,” but Earnest said it was being held at Putin’s request. He said the Russians were “more desperate” to talk to their American counterparts because of the economic sanctions’ impact.

Past meetings between the two leaders have been frosty. One encounter in June 2013, which also focused on Syria, resulted in a famous photo of the leaders looking distant and glum.

Earnest said Putin had used similar body language in a photo after a meeting with Israeli Prime Minister Benjamin Netanyahu this week.

“President Putin was striking a now-familiar pose of less-than-perfect posture, an unbuttoned jacket, and knees spread far apart, to convey a particular image,” Earnest said.

The United States also hopes to advance political talks on Syria at other General Assembly meetings, Sheba Crocker, assistant secretary for international organization affairs, told a State Department briefing.

But Crocker said the United States would not back a U.N. Security Council statement on countering terrorism proposed by Russia because of fears it would send the wrong message to U.S. partners in the fight against Islamic State militants in Syria.

Preview: Bayern Munich – Hoffenheim

Flashscore presents the key facts before the match:

Bayern Munich will host Hoffenheim in the 20th round of the Bundesliga. The Bavarians are on top of the table with 37 points, while Hoffenheim are 8 points behind, placed ninth.

Since the appointment of Jupp-Heynckes as the manager of the club, Bayern Munich have won 33 points in 12 games, while Hoffenheim have claimed just 13 points from the same number of games.

The Bundesliga champions have won their last five games, netting 20 goals in the process. Hoffenheim have won just one,上海夜生活网 drawn two and lost two.

While Bayern Munich’s boss Jupp Heynckes is the oldest in the league – 72, Hoffenheim’s boss is the youngest one – 30.

Players to watch: Thomas Muller netted his 100th goal for the club last week. A curious fact is that the Bavarians have not lost a game in which the German has scored. 78 games – 74 wins and 4 draws. Meanwhile, Sandro Wagner can make an appearance and punish his former team-mates, having joined Bayern Munich earlier in the January transfer window from Hoffenheim.Neuer & Ter Stegen to share Germany goalkeeping duties Andrew Smyth – Joachim Low has announced that he will select both goalkeepers Manuel Neuer and Marc-Andre ter Stegen for Germany during this month’s international break.

Missing players:

Bayern Munich: Neuer M.(leg injury).

Under question:

Bayern Munich: Alcantara(thigh injury), Fruchtl(ankle injury), Hummels (groin injury).

Hoffenheim: Akpoguma (injury), Demirbay (thigh injury), Kobel G. (illness).

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.”

Howe: “The key period is about to begin now”

Eddie Howe, the Bournemouth coach, knows very well that his team are about to enter the key period of the whole season as his Bournemouth are about to play a lot of matches in the upcoming weeks.

It was clear that Bournemouth were not about to gain something from their last match against Manchester City and Eddie Howe admitted that he was focusing more on the upcoming period that on that particular match. The Cherries were beaten 4-0 by the Premier League leaders and they were clearly the worse side for the majority of the fixture so this loss was deserved.

The talented British coach spoke about the upcoming series of matches as he said, according to Sky Sports: “Those games will take on even more significance. We came here trying to get something but we knew it would have been incredibly difficult and we have to look at these games [against United, Liverpo上海夜生活论坛ol and City] as one-offs because of the quality of opposition we were playing. We had an incredibly tough run but my hope is the players have come through it okay and we’re ready to go into an important spell for us.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He continued by adding that his side did well in the match against City: “I thought we did okay. It was a huge task for us today, not just the team we were facing but also the injuries we’ve got. We were okay in the game until we conceded the first goal, which was our own doing, and it was hugely frustrating with the game plan we had. From then on it is difficult.”

In the end, Howe admitted that the second goal meant that the match was over: “The second goal is the killer for us. We still had a go to try to chase it and then opened ourselves up to concede a couple more. I’ve not spoken to [Stanislas] but I think it’s his hamstring feeling tight. We had a patched up team anyway and to lose another important player for us made it very difficult. It was a difficult afternoon.”

Preview: Austria Vienna – AEK Athens

The last round of games in Europa League (EL) Group D sees a straight shootout between Austria Vienna (third) and AEK Athens (second) to see who will progress to the next phase as the second-placed team. For Vienna, nothing but a win will suffice which will give them the edge on AEK due a superior head-to-head, while AEK only need to avoid defeat.

Flashscore presents the key facts before the match:

Both sides come into this game on the back of contrasting fortunes. Vienna are on a quite miserable run, winning just three games out of their last fourteen in all competitions and losing nine (two draws). The second most successful club (to Rapid) in the Austrian game find themselves in a mid-table position in their home league, a whopping 18 points off Salzburg in top spot.

AEK are in much better health and find themselves top of the Greek Super League after going on a run on five unbeaten games in the league and nine in all competitions. Striker Marko Livaja has scored five goals in his last four league games in that time and also notched two in the 2-2 draw between the sides on matchday two, including the last minute equalizer.

Vienna have lost both of their home ties in this year’s EL, and face a side in AEK who have so far gained more points on the road than at home (four as opposed to three). Indeed, Vienna are winless in their last seven European home games (D2, L5) and have one solitary victory to their name in 15 EL/UEFA Cup group games at home! AEK are yet to taste defeat in their last seven European games, drawing the last four, but have only scored in one away game in their last five EL away days!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…

With AEK just needing a point and already managing to cancel out group winners AC Milan twice among their four draws, this might turn out to be a hard night for Vienna against a disciplined Greek defence. However, Vienna captain Raphael Holzhauser was upbeat ahead of the game, saying: “It’s time for a home win, there is no better way.” Only time will tell if his confidence was justified.

Missing players

Austria Vienna: R. Almer (knee injury), A. Grunwald (injury), F. Klein (injury), C. Martschinko (knee injury), H. Westermann (knee injury), A. Borkovic (doubtful),上海夜生活 V. Demaku (doubtful)

AEK Athens: J. Johansson (knee injury), P. Mantalos (knee injury), U. Cosic (doubtful), K. Lamropoulos (doubtful), A. Traustason (doubtful), A. Vlachomitros (doubtful).

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.”

Neymar’s bonus for Ballon d’Or

PSG have promised to reward Neymar in case the Brazilian manages to win the Ballon d’Or trophy.

The record transfer of Neymar from Barcelona to PSG continues to impress with the numbers included in the deal. The Parisians paid the €222m release clause in the Brazilian’s contract and offered him wages of around €100k per day (€36,8m/year), making him the most expensive and the best paid player in the world.

In addition to that, Neymar also has a clause in his contract that will see him earn a bonus of €3m every time he manages to win the Ballon d’Or trophy, according to Le Parisien.

Since 2008, the Ballon d’Or award has only been won by Messi and Cristiano Ronaldo. The Argentinian took the trophy home 5 times, while the Portuguese is still one behind his rival. However, Ronaldo has big chances of equalling Messi’s number of trophies this year.Report: Icardi opens PSG account in 0-1 win over Gala George Patchias – Mauro Icardi opened上海夜网 his goal-scoring account for PSG in a 0-1 away victory over Galatasaray.While Thomas Tuchel has begun to integrate Mauro Icardi into…

Even though Messi and Cristiano Ronaldo are again the favourites for the award this year, Neymar also has a chance. He has been included on the 30-men shortlist for the FIFA gala that will take place in December and that will announce the winner.

26 years have passed since the last time a player from the French league won the Ballon d’Or. In 1991, Jean-Pierre Papin was awarded the trophy. That year, Papin helped Olympique Marseille reach the Champions League final, where they eventually lost to Red Star Belgrade, 3-5 at penalties.

Toshack uncertain of Bale’s future in Spain

The Wales international has been struggling with injuries ever since arriving at the Bernabéu.

Gareth Bale’s inconsistent fitness situation is making things really difficult for the club and could lead to a transfer, according to former Wales and Real Madrid boss John Toshack.

Bale is currently going through his 18th injury that has forced him on the sidelines since joining Real Madrid from Tottenham in 2013. The Welshman has certainly enjoyed successful times at his new club, securing three Champions League trophies and a La Liga trophy, but his inability to stay available for the first squad is proving to be a problem for Los Blancos. This has caused a lot of controversy regarding his future in Spain, with Manchester United considered a long-time admirer of the winger.

“His injuries are probably hindering him now.” Toshack told El Larguero regarding Bale’s situation.

“He has missed so many matches and despite Madrid winning so many matches and trophies, i上海夜生活t must be hugely frustrating.Juan Mata backs Solskjaer to end Man United’s trophy drought Andrew Smyth – Juan Mata is convinced Ole Gunnar Solskjaer will end Manchester United’s trophy-drought sooner rather than later.

“Should he move to another club? Only people at Madrid will know about this but the demands at the Bernabéu are very, very high.

“If you are less than 100 per cent physically fit, it becomes even harder.

“He is now 28 and 11 years after making his debut with me at 17, these should be the best years of his life.

“The entire BBC [Bale, Karim Benzema and Cristiano Ronaldo] now has problems and for various reasons, such as others now coming through, I’m unsure we’ll see much more of them together from now on.”

Griezmann: “I don’t regret staying in Madrid”

Antoine Griezmann has been struggling to perform properly this season so far but when asked whether he regrets not leaving Atletico or not, he insisted that he is still happy in Madrid and not thinking about leaving this winter.

The Frenchman has been constantly linked with a move away from Diego Simeone’s side, who are 10 points off La Liga leaders Barcelona and are on the brink of exiting the Champions League at the group stages, according to Sky Sports. Barcelona and Manchester United are said to be heavily interested in signing the Frenchman but the situation still remains unclear.

The former Real Sociedad player spoke about his situation as he said: “I do not regret having stayed at Atletico. It was my choice, I am happy with my choice, even though I have gone seven games without scoring. I will score again soon. In addition, Diego Costa and Vitolo will come, so we’ll try to keep the team high enough. These two reinforcements will do us good. An exit agreement? I did not speak about that with the president.”Joao Felix keeps making history with Atletico Madrid Tomás Pavel Ibarra Meda – After yet another stellar performance with Atletico Madrid, Joao Felix made history after scoring his first goal vs Lokomotiv.Atletico Madrid had a complicated visit…

He also made a comment on the rumours connecting him with Manchester United: “I didn’t express myself very well. It’s like the other day, with the game “Yes or No”, when they asked me: ‘Would you like to play with Mbappe and Neymar?’ I answered yes but that does not mean that I want to go to PSG.”

In the end, Antoine Griezmann added: “I’m happy with all my performances with the national team but with only two or three Atletico matches. I have to improve and find my best form. It depends on me, how I train and work. There are games where I 上海夜生活don’t even get one shot on target and that’s my problem. I have to work to take the team to the top.”

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.”

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.”

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.

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.