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Under pressure, Fed faces an outlook clouded by trade wars and signs of weakness

WASHINGTON ( ) – U.S. President Donald Trump’s attacks on the Federal Reserve have broken one set of precedents, his talk of stacking the central bank with political allies has strained another, and his on-again off-again tariff threats have made the economic outlook harder than ever to predict.

While the Fed may well find reason to cut interest rates in recent weak job and inflation readings, doing so could also put a safety net under Trump policies that, to the eyes of many policymakers, have to date done more harm than good.

“There is a kind of feed the beast aspect to it,” said former Fed vice chair Alan Blinder. “Among the many things the Fed has to take as given is trade policy. And if in fact trade policy is going to push the economy into a slump, that is a reason to cut interest rates … If the Fed comes in to bail him out you encourage bad behavior.”

Fed Chair Jerome Powell and other officials insist they can only consider what is happening in the economy and the appropriate policy response, and not try to second guess what the administration does or might do.

Trump on Monday renewed his attacks on the Fed, claiming that central bank policy put him at a disadvantage in his trade negotiations with China because that country, with closer political control of its central bank, could devalue its currency or use other tools to offset the tariffs Trump has imposed on Chinese imports.

“Our Fed is very destructive to us… They haven’t listened to me,” Trump said in a CNBC interview. “They’re not my people.”

In fact, Trump elevated Powell to the Fed leadership and appointed three of the other four sitting Fed governors.

Trump has for a year berated the Fed for raising rates and other policy steps that Fed officials say are the best way for keeping the recovery under way. That broke a roughly 30-year run of presidents largely staying away from specific policy recommendations for the Fed, even if they were sometimes generically critical of the central bank.

Earlier this year, Trump threatened a fuller assault by considering the appointment of two highly partisan political allies to the central bank, straying from a tradition of more technocratic appointments.

The surprise announcement in early May of higher tariffs on China and a threatened imposition of levies on Mexican imports added to the minefield the Fed must now navigate.

Though Trump in the end chose not to impose the tariffs on Mexico, the prospect of using an economic lever for the non-economic end of border control showed how in the Trump era policy could shift abruptly for central bankers who try to keep their focus on medium- and longer-term outcomes.

“We take all kinds of things…into account,” St. Louis Fed President James Bullard said last week before Trump called off the Mexican tariffs. “There are some good policies in there. There may be some bad policies in there. But we have to take everything into account.”

NOT IN A BOX

Recent economic data are already complicating the Fed’s job. Policymakers have expected the economy to slow, but also regarded the likely slowing as modest, and not enough to warrant a rate cut.

The story shifted after Trump’s latest trade war salvo.

“I don’t feel backed into a box,” to cut rates, Dallas Federal Reserve bank president Robert Kaplan said last week. But “in the month of April I might have said … I was a little more optimistic that the outlook was firming, and today I will tell you I am more cognizant of risks to the downside. That is a pretty big change in a relatively short amount of time.”

Whether it is enough for the Fed to put a rate cut squarely on the table will become clearer next week. Fed officials will hold their policy meeting on Tuesday and Wednesday, and issue updated rate projections. They will also have to decide whether to maintain their “patient” approach to changing rates from the current range of between 2.25% and 2.5%, or drop that description in a sign that they are open to a move sooner rather than later.

Weak inflation readings like those in a New York Fed report on Monday have already led Bullard to say that a rate reduction was “warranted.” [nL2N23H0PS]

Analysts and markets, though, are split.

Bond markets have been aggressive in pricing in lower rates later this year, and U.S. stocks have rallied hard in the past week on optimism that a rate cut looked more likely, especially after last week’s weak jobs report. Economists at Goldman Sachs and elsewhere, meanwhile, have discounted any pressure from Trump and argue the economic outlook does not yet warrant a rate cut.

Rolling with the punches from political Washington is nothing new. Former Fed chair Ben Bernanke complained when congressional spending caps reduced economic growth just as the U.S. recovery was getting traction and the eurozone was threatening to crack apart.

This problem here is different, though, with the Fed both under political pressure and less certain, week to week, what actions of the White House they may have to take into account.

After years in which U.S. central bankers bemoaned being “th上海夜生活e only game in town” influencing the economy, they may now be nostalgic for those simpler times.

“The Fed has had too much on its plate for a long time,” said Boston College economics professor Peter Ireland. “Powell was taking pains to say ‘trade is trade’ and that is not our business. But he has gotten sucked into it.”

Land & Buildings may seek board seats at Taubman Centers in 2020

NEW YORK ( ) – Activist investment firm Land & Buildings on Tuesday warned that it may seek board seats at shopping mall operator Taubman Centers Inc next year unless performance improves.

Jonathan Litt, who runs the firm and is known for pushing for change at real estate companies, wrote to fellow Taubman shareholders, telling them that he plans to “take any action that we deem necessary to hold this Board and Bobby Taubman accountable.”

Unless there is “meaningful progress in the coming months,” Litt wrote that he plans to wage a proxy contest and nominate directors next year.

Specifically Litt wants Taubman Centers to sell assets in Asia and sell or spin-off “Jewel Box” assets which include properties like the Mall at Short Hills in New Jersey.

Shares in the company, whose market capitalization is roughly $2.6 billion, have fallen 26% in the last 52 weeks as consumer appetites have shifted more to buying online.

“Their best defense against a proxy contest in 2020 is to drive m上海夜生活论坛aterial outperformance by maximizing value for all shareholders,” Litt wrote in the letter.

Litt, whose firm had roughly $577 million in regulatory assets at the end of last year, has been pushing for changes at Taubman since 2016 and won a board seat two years later.

He wrote that he did not stand for re-election this year because “it was clear that the Company did not intend to re-nominate me,” and because he feels that one independent director was not enough to push for the changes he feels are needed.

Next year however shareholders will have a chance to cast ballots on all directors including Chairman, President and Chief Executive Officer Bobby Taubman. “All directors and specifically, Bobby Taubman, can be held accountable by shareholders for the Company’s atrocious absolute and relative performance for the first time since 2017 at the 2020 Annual Meeting,” the letter said.

News of Litt’s plans was first reported by Bloomberg.

Trump seeks to ‘reboot’ U.S. relationship with Egypt in Monday talks

WASHINGTON ( ) – President Donald Trump will seek to rebuild the U.S. relationship with Egypt at a Monday meeting with Egyptian President Abdel Fattah al-Sisi focused on security issues and military aid, a senior White House official said on Friday.

“He wants to use President Sisi’s visit to reboot the bilateral relationship and build on the strong connection the two presidents established when they first met in New York last September,” the official said, briefing reporters on condition of anonymity.

Egypt has long been one of Washington’s closest allies in the Middle East, receiving $1.3 billion in U.S. military aid annually. The country is fighting an Islamist insurgency in Sinai, and hundreds of Egyptian soldiers and police have been killed fighting insurgents.

The bilateral relationship was strained when former President Barack Obama criticized Sisi for cracking down on the Muslim Brotherhood, Egypt’s oldest Islamist group.

Sisi does not make a distinction between the Brotherhood, which says it is peaceful, and Islamic State militants. Egypt considers the Muslim Brotherhood a terrorist group.

Obama froze aid to the country for two years after Sisi, then a general, overthrew President Mohamed Mursi in mid-2013 after mass protests against Mursi’s rule. Mursi, a Muslim Brotherhood member, had been elected the previous year.

Human rights groups have estimated that at least 40,000 political prisoners have been detained by Sisi’s government.

Trump’s relationship with Sisi got off to a good start when they met last September in New York while Trump was running for president, the White House said.

Trump supports Sisi’s approach to counterterrorism, which includes both military and political efforts, his efforts to reform Egypt’s economy, and Sisi’s calls for “reform and moderation of Islamic discourse,” the official said.

Asked whether the United States would designate the Muslim Brotherhood as a terrorist group, as Egypt has, the official said Trump was interested in hearing Sisi’s views during the meeting.

“We, along with a number of countries, have some concerns about various activities that the Muslim Brotherhood has conducted in the region,” the official said.

‘MORE DISCREET WAY’

Sisi’s visit comes as the Trump administration has proposed massive cuts to U.S. foreign aid, the details of which are still to be determined. The White House anticipates aid to Egypt will continue but provided no details on Friday.

“We’re in the budget process right now and those discussions are ongoing as to how it will be broken out,” the official told reporters.

Some U.S. lawmakers have opposed loosening restrictions on aid to Egypt because of concerns about human rights in the country. The Trump administration intends to address human rights issues behind closed doors, the White House official said.

“Our approach is to handle these types of sensitive issues in a private, more discreet way. We believe it’s the most effective way to advance those issues to a favorable outcome,” the official said.

The official would not say whether Trump would discuss with Sisi the case of Aya Hijazi, an Egyptian-American who works with street children and was arrested in May 2014 on human trafficking charges. Rights groups have called for her release.

Hijazi has been held in custody for 33 months in violation of Egyptian law, which states that the maximum period for pretrial detention is 24 months.

A verdict was set to be read in a March 23 court session, but was postponed with no reason stated by the judge until April 16. The maximum possible jail sentence in her case is 25 years.

The White House is aware of Hijazi’s case “at the most senior levels,” the official 上海夜网told reporters.

“We are going to address this with Egypt in a way that we think maximizes the chances her case will be resolved in a satisfactory way,” the official said.

Trump national security aide McFarland may become envoy to Singapore: official

PALM BEACH, Fla. ( ) – President Donald Trump’s deputy national security adviser, K.T. McFarland, is expected to step down and has been offered the position of U.S. ambassador to Singapore, a U.S. officia上海夜生活论坛l said on Sunday.

The move will be seen as a victory for Trump’s national security adviser, H.R. McMaster, who is retooling the national security team he inherited from retired Lieutenant General Michael Flynn, who resigned as Trump’s first national security adviser in February.

McFarland, 65, is a former national security analyst for Fox News and was one of Trump’s original hires after he won the presidential election on Nov. 8.

The exact date of her departure was unclear, said the U.S. official, who spoke on condition of anonymity.

News of her pending departure came less than a week after Trump removed his chief strategist, Steve Bannon, from the National Security Council at McMaster’s urging. Bannon had a seat on the council’s “principals committee,” which included the secretaries of state, defense and other ranking aides. Flynn was forced to resign on Feb. 13 over his contacts with Russia’s ambassador to the United States, Sergey Kislyak, before Trump took office on Jan. 20.

McFarland’s expected departure will likely elevate the status of Dina Powell, who is deputy national security adviser for strategy. She had served in Republican President George W. Bush’s State Department, and had advised Trump’s daughter, Ivanka Trump, during Trump’s transition to the presidency.

Trump’s White House has been rife with infighting and palace intrigue as the president has struggled to get past some early stumbles.

FOREX-Chinese yuan falls to 2019 low on U.S.-China trade setback

* Yuan headed for sixth consecutive day of losses

* But most currencies little changed by trade war

* Risk aversion dominates FX

* Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh (Adds quote, updates prices)

By Tom Finn

LONDON, May 13 ( ) – China’s yuan was set for its worst daily fall in nine months on Monday as trade negotiations between the U.S. and China ended after President Donald Trump raised tariffs on Chinese goods.

Currency moves in response to the latest trade hostilities have been muted, but on Monday the yuan fell 0.8% to 6.9040, its weakest since Dec. 27.

The yuan has fallen for six consecutive days and some analysts believe it will breach 7 per dollar in coming months, a level last seen during the global financial crisis.

China would probably use its vast currency reserves to stop any plunge through 7 to the dollar, which could trigger speculation and heavy capital outflows.

Investors bid up the yen, which is considered a safe haven in times of stress given Japan’s status as the world’s largest creditor and its huge hoard of assets abroad.

The yen was 上海夜生活论坛0.25% higher at 109.700 yen, near last week’s three-month high of 109.470.

“Since demand for safe haven could exaggerate any gains in the yen, Japanese exporters could find themselves particularly disadvantaged in these circumstances. We expect the yen to be trading in the region of 108 on a 12-month view,” said currency analysts at Rabobank.

The world’s two biggest economies appear deadlocked. Washington demands changes to Chinese law; Beijing says it won’t swallow any “bitter fruit” that harms its interests.

President Trump and his Chinese counterpart Xi Jinping are likely to meet during a G20 summit in Japan at the end of June and discuss trade.

The Australian dollar shed 0.3% to $0.6976. A drop below $0.6960 would take the currency, already burdened by a dovish shift by the Reserve Bank of Australia, to its lowest since early January.

The Aussie is sensitive to shifts in risk sentiment and also serves as a proxy for trades related to China, Australia’s largest trading partner.

The dollar index against a basket of six major currencies was flat at 97.318.

At Ethiopia flight memorial, white roses mark passing of lives

ADDIS ABABA ( ) – Bouquets of white roses surrounded aviation staff as they gathered at Bole International Airport on Sunday to remember the two pilots and six crew, who perished along with 149 passengers in the Ethiopia Airlines crash a week ago.

Weeping women held slender single stems in their shaking hands. Banks of the white flowers, the traditional color of mourning, were placed in front of a row of empty coffins at the ceremony.

A band – some of the musicians in tears – temporarily stopped playing as band members ran to comfort bereaved relatives who lunged forward, wailing in grief over the coffins.

“Our deep sorrow cannot bring them back,” an Orthodox priest in a traditional black turban and black robes told the crowd gathered outside an airport hangar.

“This is the grief of the world,” he said, as Ethiopian Airlines staff sobbed in each other’s arms.

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At least the crash had taken place in Ethiopia – the holy land – he said, prompting “amens” from the crowd.

In Paris, investigators examined black box recorders to determine why the aircraft plunged into a field shortly after take off from Addis Ababa, searching for similarities to an October Lion Air crash that killed 189 people.

Both crashes involved the same model of plane – a Boeing 737 MAX 8 – causing aviation authorities to ground the model around the world after last week’s accident.

Data from the Ethiopian Airlines flight recorder had been successfully downloaded, France’s BEA air accident investigation agency said on Sunday. That information had been transferred to Ethiopian investigators, the agency said, adding that its technical work on the flight data recorder and cockpit voice recorder was now done.

PRAYERS PAUSED

In the Ethiopian capital, families and airline staff were focused on honoring their dead.

At the airport memorial, a banner offered “deepest condolences and comfort” to the families of the deceased crew.

A female flight attendant spoke warmly of the deceased captain, Yared Getachew.

“He was a really nice person, a good person, all the words you can find to talk about a good person apply. He was a very kind human being,” she said, before dissolving in tears.

A service for the families of passengers – more than 30 nationalities were onboard – was also held beneath the pink stone spires of Addis Ababa’s Holy Trinity Cathedral.

Families and relatives of the victims threw themselves on the coffins as they arrived and kissed pictures of loved ones.

Incense was waved over the coffins, but there was so much weeping that prayers had to be paused. Afterwards, some said the service meant they could now shift focus from grieving for the dead to caring for the living.

“Her husband is now left with an 上海夜网infant, he has to shift his attention to his life and raising his baby,” said Getachew Negatu, a friend of one of the stewardesses onboard the flight.

“Her father and mother, including her sisters, are devastated by this grief. Everyone has got to come back to life as we … cannot live like this forever.”

The families were offered charred earth from the crash site to bury, because most of the bodies were destroyed by the impact and fire. Identifying the small remains that have been collected may take up to six months.

U.S. judge orders Arkansas to pay Planned Parenthood in narrow ruling

LITTLE ROCK, Ark. ( ) – A U.S. district judge on Friday ordered Arkansas to continue payments to Planned Parenthood for its treatment of three women who challenged Governor Asa Hutchinson’s directive cutting off Medicaid reimbursements to the organization.

The order applied only to the cases of the three plaintiffs, although the judge suggested that Planned Parenthood as an organization might successfully challenge the cutoff.

Judge Kristine Baker held that the three women, identified in court papers as “Jane Does,” had demonstrated they would incur irreparable harm should they not be able to access contraceptive care and other services through Planned Parenthood. 

Arkansas is one of several Republican-controlled states that have cut funds for the organization after the release of videos by an anti-abortion activist group, the Center for Medical Progress, in which Planned Parenthood officials are seen discussing transactions involving fetal tissue.

Planned Parenthood has denied any wrongdoing.

The preliminary injunction the judge issued on Friday follows a temporary restraining order she put in place two weeks ago.

The judge declined to bar the introduction of the videos in further proceedings, but dismissed them from immediate consideration as “inadmissible hearsay.”

Hutchinson, a Republican, said in a statement the ruling was limited to the three women and that he would direct the state health department to “prohibit funding to Planned Parenthood consistent with the Court’s ruling.”

In Washin上海夜生活gton, U.S. congressional Republicans this week challenged Planned Parenthood’s eligibility for federal funds, while the health organization’s president said defunding it would restrict women’s access to care and disproportionately hurt low-income patients.

Planned Parenthood gets about $500 million annually in federal funds, largely in reimbursements under Medicaid, the government’s healthcare program for the poor.

In Arkansas, reaction from social conservatives to the judge’s move was swift.

“Arkansans have made it clear time and again they do not want public dollars subsidizing abortions,” said Jerry Cox, president of the Family Council of Arkansas. 

Planned Parenthood has said almost all of its work in the state covered services other than abortions.

The Arkansas contracts with Planned Parenthood involved services including nurse practitioners, pharmacy and family planning and were delivered through the Arkansas Medicaid program. No state funds were used for abortions, except in the case of incest, rape or when the life of the mother was at stake, state health officials said.

A spokesman for the state attorney general said no decision had been made regarding an appeal of the ruling.

Hughton: “It was a big performance”

Chris Hughton, the Brighton and Hove Albion coach, admitted that he was very relieved after his side managed to pick up a 1-0 victory over Watford at home and it was very important in their fight for avoiding the relegation.

Hughton’s team were winless for seven matches in a row before this fixture started and they failed to score from open play for 10 hours – but they managed to end both of these runs. The coach was happy that his side was a big attacking threat for the guest throughout the whole match and they could have scored more goals than just one.

The talented coach spoke about his side’s performance as he said, according to Sky Sports: “It felt like a big win that today. It was a very good performance, a performance that deserved a win, more than a 1-0 scoreline. Of course, that [second] goal goes in, you are applying that bit more pressure on yourselves, but I thought we were very good today.”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 also added that he was happy that his side didn’t give any chances to Watford: “When you are playing against a team as good offensively as Watford, and you restrict them to minimal, half chances, it shows you have put in a very good performance defensively. The next phase is to take these games上海夜生活论坛 on and take our chances to make things easier for ourselves.”

In the end, Chris Hughton insisted that this win was very needed: “It is a win we needed. We go to Chelsea on Boxing Day, and while you never know, there won’t be too many people who expect us to pick up anything there. That being the case, it was important we got something out of the game today. We can go into that Chelsea game with that bit more confidence. We just need to make sure that in cases where we have a better chance of getting something, we put in performances like we did today.”

Preview: Sassuolo – Inter

Inter Milan will look to bounce back from their surprise loss to Udinese last weekend, whe上海夜网n they welcome Sassuolo in Serie A.

Flashscore presents the key facts before the match:

It is so tight at the top that one loss brought Inter down the table to third after 17 games (40pts, W12, D4, L1). Their first loss of the season puts them two points behind new leaders Napoli (42pts) and Inter must also be worried about AS Roma below them, who are now just two points behind with a game in hand.

Sassuolo are 15th in SA (17pts, W5, D2, L10) but have been on a revival since Beppe Iachini took control at the end of November. Nine out of their 17 points (53%) came in their last five matches where they picked up 1.8 points per game (compared to season avg. of 1.0 points per game).

The visitors are unbeaten in eight away games (W5, D3) conceding just five goals (avg. of 0.62 per game) while scoring 13 (avg. of 1.62 per game). This is bad news for the hosts who have just one win in eight home games (W1, D2, L5) and their home point tally (five) is better than that of only Genoa (two) and Benevento (one).

Inter’s Mauro Icardi has scored 17 goals so far in 17 games and is looking well on course to join Gonzalo Higuain and Luca Toni as the only strikers since the 1930s to score 30 goals in a SA season. The hosts want their talisman to get their title charge back on track, as they look for their first Scudetto since 2010!Italian football to pay respects to Sassuolo owner Squinzi George Patchias – Sassuolo owner Giorgio Squinzi has died at the age of 76, and a minute’s silence will be observed across Italian football this weekend as…

Sassuolo have failed to score in six of their eight home games (75%) while keeping just two clean sheets (25%). They have scored just three home goals (avg. of 0.38 per game) while conceding ten goals (avg. of 1.25 per game). But, the positive news is that their only win has come in their most recent match!

Sassuolo have won four of their last five (80%) encounters against Inter, with their only loss during this process coming last year at home (1-0). Can Inter repeat that feat?

Missing players

Sassuolo: C. Dell’Orco (knee injury), T. Letschert (knee injury), C. Adjapong (doubtful)

Inter: Z. Vanheusden (knee injury), J. Mario (doubtful).

Guardiola admitted that he didn’t expect his City to play like that

Pep Guardiola, the Manchester City coach, admitted that he is surprised by his side’s form and performances just like everybody else and he didn’t expect this thing to happen before the season has started.

Manchester City managed to win 16 Premier League matches in a row (which is the new record) and in total, they won 17 out of their first 18 league matches of the season. Guardiola’s career best is 20 wins in a row with Bayern Munich and he is about to improve even this record if he will continue like that – but he previously insisted that this record is meaningless if they will not win a trophy.

The former Bayern Munich and Barcelona coach spoke about his feelings about this successful run as he said, according to Goal: “No [I did not expect this], I don’t know [what a good points total would have been]. I’m glad to be where we are. I would have liked to be here at the beginning of the season, but I didn’t expect it. I repeat this is not normal. This is not a situation I am used to.”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 admitted that he expected the at least a few losses will come: “I expect to lose games and drop more points, but I am glad. We are going to fight to continue to be unbeaten. That is going to happen, we will be beaten. But we are going to fight to be unbeaten.”

In the end, Pep Guardiola insisted that he is certain that they will drop points at some point: “There is no doubt about it because of the way we pla上海夜网y at Leicester, the way we play against Tottenham and Swansea, the players showed me they are still hungry to win another game. We will drop points and then after that, we will see how we react.”

PSG: Mourinho or Allegri to take over

Doesn’t matter how good your team started the season, if you have problems with the world’s most expensive player, that means you could get sacked anytime

Unai Emery’s team has been fantastic this season, as PSG are still unbeaten, having won 16 games while drawing only 2. However, even these stunning numbers could prove less than enough to save the Spaniard’s job in Paris.

There has been a lot of rumours going around about the relationship between the world’s most expensive player Neymar, and the Paris Saint-Germain coach and some say that Emery’s inability to please the Brazilian might cost him a lot.

Despite the former Sevilla coach’s best efforts, he struggles to hide that there is something wrong.

“For me, what happens on the field is the most important thing. All that goes on outside is not the most important. What is important is what happens on the pitch,” Emery protested last week.Ian Wright criticizes Emery for the captain choice Nedim Maric – Manchester United and Arsenal participated in a draw which saw some uninspiring football come to light.Neither Emery of Solskjaer will be pleased with the…

The Spaniard’s job is probably not in immediate danger, as the club’s results are outstanding, but pressure will gather on his shoulders once the Champions League returns in the second half of the season. If PSG fail to reach the round of the last 4, that might be the end of the Emery era.

There are two managers heavily linked with the Ligue 1 leaders. One of them is Jose Mourinho, who is currently the boss of Manchester United, and the other one is Massimiliano Allegri, the head coach of Juventus.

Mourinho is not entirely satisfied with life at Old Trafford, due to a clash of personalities with chairman Ed Woodward, and th上海夜生活网e Special One has already indicated that he can’t see himself at United for a long period of time.

On the other hand, Allegri took Juventus to the Champions League final last season, where they were beaten by Real Madrid. However, he is reportedly a better tactician than Unai Emery is in the eyes of PSG.

If Unai Emery wants to stay the manager in Paris, he needs to keep up the good work and get the expected results for the board.

Guardiola about the Catalonia situation

Guardiola is strongly affected by the situation in Catalonia as it’s his home region and he thinks that it’s “scary” to imprison the Catalan politicians as this huge crisis continues.

Nine ex-minsters from the dissolved Catalan parliament appeared at Spain’s high court on Thursday accused of rebellion, sedition and misuse of public funds.All, with exception of bailed former Business Minister Santi Vila, were detained, while ousted Catalan leader Carles Puigdemont remains in Belgium and was one of five separatist politicians not to answer the summons in Madrid, according to Goal.

The Manchester City coach made a comment about that: “I wish that the politicians who they have put in prison are released soon. I’m worried because what happened to them could happen to us for giving an opinion, it could happen to anyone. The two Jordis leading the Catalan organisation were put in prison for asking to vote in a legal referendum.”Pep Guardiola opens up about Champions League ambitions Nedim Maric – Manchester City and Pep Guardiola are aiming to conquer Europe after two consecutive domestic league titles.The English champions started the league stumbling with a…

He wants the situation to be solved as soon as possible, obviously: “I think the Spanish go上海夜生活网vernment and the Catalan government should sit and talk and try to agree on a referendum for both sides. Until then it’s a really difficult situation to be solved. These politicians are in prison for fulfilling the electoral programme. They were fulfilling the wish of the Catalan people. Now they and their families are suffering this situation. It can happen to other people, to all of us, just for wanting to vote. That was the main desire of the Catalan people.”

Pep Guardiola just wants everything to be resolved fairly: “I just wish that the situation can be resolved soon and these guys can be released and December 21 that there is an election in Catalonia – a fair election where the people can express their wish with freedom. [The election must ] recover the institutions and [make sure] that the Parliament of Catalonia is again what it was.”

Thompson happy about the youngsters in the national team

It was a bold decision from Gareth Southgate to call up three relatively unknown youngsters – Joe Gomez, Tammy Abraham and Ruben Loftus-Cheek. But Phil Thompson is very happy and praises the Englishman for his decision.

The trio have been rewarded for establishing themselves as regular first-team players at Liverpool, Swansea and Crystal Palace respectively, with Abraham and Loftus-Cheek currently on loan from Chelsea, according to Sky Sports. Southgate made eight changes from the squad that secured his team the World Cup qualification.

Phil Thompson had only words of praise for Southgate as he said: “I think it is right to be giving these lads call-ups. They could be the future and they need to be integrated and be there with the senior team. You’ll gain more benefits from having them there than to pick players who will make up the squad but have no way of getting on the pitch, so I’m all for it.”Chelsea goes on a goal rampage against Grimsby Town Tomás Pavel Ibarra Meda – Chelsea stomped over Grimsby Town with a Basthuayi brace and goals from Barkley, Pedro, Zouma, James, and Hudson-Odoi.Frank Lampard’s Chelsea had a relatively easy…

The former England international also added: “I think it is right to be giving these lads call-ups. They could be the future and they need to be integrated and be there with the senior team.You’ll gain more benefits from having them there than to pick players who will make up the squad but have no way of getting on the pitch, so I’m all for it.”

The ex-defender spoke about the youngsters and their progress: “Gomez was exceptional last weekend. I think all of us as former internationals and pundits are saying you don’t see the best of these lads until they are playing on a regular basis, it is no good just playing one game in 10. They start to look comfortable with their peers and they start to show their ability, whereas when they are only playing once a mon上海夜网th or so they are trying too hard to impress.”

Wenger says that Alexis and Ozil could leave in January

The Gunners manager admitted that two of his best player could leave during the winter transfer window.

Both Alexis Sanchez and Mesut Ozil are in their last year of contract at Emirates. The Chilean already made it clear that he is not interested in signing a new deal with the club, while negotiations with Ozil have been rather slow.

With a number of big clubs chasing them, it was inevitable that Arsenal will have to make a decision whether to cash in on them in January or to use them for the whole season and lose them for free next summer.Strachan: Arsenal’s Kieran Tierney similar to Virgil van Dijk Andrew Smyth – Gordon Strachan believes Arsenal new signing Kieran Tierney is a similar kin上海夜生活论坛d of defender to Liverpool star Virgil van Dijk.

Manchester City and PSG are thought to be fighting over the signature of Alexis Sanchez, while Mesut Ozil is disputed by Manchester United and Barcelona. However, the German’s agent revealed that negotiations over a new deal with the Gunners ‘are heading in a positive direction’.

Speaking ahead of the upcoming Premier League match against Watford, Arsenal’s manager said about the possibility of the two players to leave the club: “In our situation, we have envisaged every solution. It is possible.”

Further asked about the Ozil’s willingness to remain at the Emirates, the French manager said: “It is my understanding [that he wants to stay]. I hope the situation can be turned around. At the moment, we are not close enough to announce anything.”

Ederson’s goal-kick is simply in a league of its own

The Citizens’ goalkeeper made his Brazil national team debut on Thursday.

Ever since arriving in Manchester City from Benfica during the summer, Ederson has been outstanding. The 24-year-old has kept seven clean sheets, conceding only two goals since the start of the season. His great performances have not gone unnoticed as he was called up for the national squad of Brazil, making his first ever debut for Selecao.

Not only did Ederson record yet another clean sheet, but he also did something that very few can do. During the 23rd minute of th上海夜生活论坛e game, City’s shot-stopper produced an outstanding goal-kick that reached the opposition’s box, dropping right at Jesus’ feet.

https://twitter.com/torahiko0803/status/918431655739772928Neville: Pep Guardiola knows Man City aren’t good enough Andrew Smyth – Gary Neville has quashed Pep Guardiola’s claims that Manchester City won’t buy in January as they can’t challenge for trophies without defensive cover.

Speaking to Manchester City’s website, Ederson revealed it was all planned even though it did not work out.

“At the start of the game, I spoke with Gabriel and said that we could score from our first goal kick as Chile were making a lot of pressure.

“I was able to kick the ball to his back. Unfortunately, Gabriel wasn’t able to control the ball, but I am happy for him and for me, as he scored twice and we managed to help with the win.”

Transfer embargo stopped stopped Griezmann from leaving

The ex-agent of Antoine Griezmann has revealed that the Frenchman was really close to United this summer.

The France international would have certainly joined Manchester United if it had not been for Atletico Madrid’s transfer ban, according to the player’s former agent.

Griezmann was a target for a number of European clubs, with the Red Devils being in the leading position for his signature as they submitted a bid close to €100 million in the very start of the summer.

Yet, the 26-year-old confirmed that he would remain at Atletico Madrid since his club needs him now most than ever due to their FIFA-imposed ban on adding new players to their ranks.Report: Mourinho rejects several offers amid Real Madrid talk Andrew Smyth – Jose Mourinho has reportedly turned down several job offers in Europe as he eyes up a potential shock return to Real Madrid.

“Griezmann hasn’t felt able to leave Atletico,” Olhats, who was Griezmann’s manager until September 2016, told France Football . “It showed the integrity of his links with the club, [who were] unable to sign players. Without that上海夜生活网 ban, he would have gone, without a doubt.”

“His omnipresence in the media has not helped him to relaunch himself on a sporting level,” he said. “The balance between the search for performance and the desire to sell your image is very fragile. Unconsciously, you can choose the wrong side.

“There are a lot of aspects of show business in football these days. Antoine is immersed in that inescapable logic at the moment. Now, he’s a footballer, not a singer.

“The press and marketing side of Antoine’s career are handled by his sister Maud, who know all about that. It was decided that Griezmann’s image would take a different path with new methods.”

People have already seen the best of Walker thinks Spurs manager

Mauricio Pochettino believes the the full-back’s prime days were at White Hart Lane.

Tottenham manager Mauricio Pochettino believes Kyle Walker will prove he is a quality player at the Etihad stadium, but also claims his best days are in the past.

The England defender completed a record-breaking £50 million switch from Spurs to Manchester City, making him the most expensive defender in English football history.

Kyle Walker spent eight years with Tottenham and became one of the fans’ favourites. Despite the fact Pochettino is sure Walker will succeed under Guardiola, he also thinks that he struck a good bargain for Tottenham.

“He’s one of the best full-backs in England and Manchester City have paid a lot of money – £50 million – just like they have signed different players to try to get success in the future,” the Argentine said, according to Goal.Paiva says Felix would have done better at City or Barca George Patchias – Joao Felix would have become a better player at Manchester City or Barcelona 上海夜生活网according to former coach Renato Paiva.Renato Paiva was the prodigious Portuguese…

“But, for me, I think we have seen the best of Kyle with Tottenham.

“We helped him improve and learn. When you pay this type of amount for a player, it’s because he’s top and because you are at your best. Then it’s normal that he will succeed.

“It’s a big pressure because when you pay for some players, the pressure to perform as well in every game becomes greater.”

Meanwhile the Citizens parted ways with a number of defenders – Clichy, Sagna and Zabaleta all left the club while Monaco’s Benjamin Mendy arrived at Etihad.

Arturo Vidal: “Cristiano Ronaldo is a smart a**\u201d

The Chilean midfielder had some harsh words for his upcoming opponent in the Confederations Cup semifinals.Written by Cosmin Mihalescu. June 27, 2017.

Portugal and Chile will face-off in the semifinals of Confederations Cup in Russia. And Arturo Vidal attacked Cristiano 上海夜生活网Ronaldo before their direct duel.

Vidal is most probably still upset about the last direct meeting between the two, when Cristiano Ronaldo scored five goals for Real Madrid in the Champions League quarter-finals to knock Bayern out of the competition. During that match, Vidal was very easily granted a second yellow card, for a non-existent foul, and was wrongfully sent off.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.

“Ronaldo is a smart-ass. For me, he doesn’t exist. I already told Joshua Kimmich that we will meet again in the final”, Vidal said.

After being sent off at the end of the 90 minutes in the return leg of the quarter finals of Champions League between Real Madrid and Bayern Munich, Arturo Vidal unleashed at the address of Victor Kassai, who was the referee of the game. During the same match, Cristiano Ronaldo scored two goals from off-side positions.

“When Real Madrid started to be scared, the referee started his show. Such a theft cannot happen in the Champions League! I felt this very much and started to wonder a bit”, Vidal said at the time, after the match.

AB InBev profits as beer sales growth hits five-year high

BRUSSELS ( ) – Anheuser-Busch InBev (ABI.BR), the world’s largest brewer, beat earnings expectations after beer sales grew at their fastest pace in over five years, helped by increases in Latin America, Europe and Africa and a later Easter.

The maker of Budweiser, Corona and Stella Artois said on Thursday beer volumes rose by 2.1% year-on-year in the April-June period, a rate unmatched for five years and meeting its strategy to focus much more on the top line.

Price rises and consumers shifting to higher-priced beers saw revenue and profits increase by even more.

AB InBev shares were up 4.3% at 90.06 euros at 0805 GMT, making them among the strongest performers in the FTSEurofirst index .FTEU3 of leading European stocks. They have now gained almost 14% in the past week although are still some 11% down year-on-year.

Bernstein Securities’ analyst Trevor Stirling said the results were strong, highlighting exceptional volume increases in Mexico and Australia and adding that a 5% beat of market expectations would lead to increases of full-year estimates.

The Belgium-based brewer said a number of its markets benefited from the later timing of Easter this year, pushing more beer sales into the second quarter from the first. However, unlike 2018, it did not get a boost from sales linked to the soccer World Cup.

Volumes, it said, rose in Mexico, Brazil, Europe, South Africa, Nigeria, Australia and Colombia. The United States, its largest market, was an except上海夜网ion as it brought forward price hikes to April from October, hitting volumes and market share.

AB InBev said it continued to expect strong revenue and core profit growth this year and that revenue per hectoliter would be ahead of inflation.

In most major markets, sales and margins expanded.

However, in Brazil, its number two market, aluminum and barley costs and the devaluation of the real currency also cut into profit.

In South Africa, a market it recently entered, volumes rose, but earnings fell as the company spent more to grow its global brands and paid for commodity and currency hedges.

ASIAN IPO STILL AN OPTION, BUT NOT ASSURED

AB InBev remains burdened by debt after its 2016 takeover of nearest rival SABMiller and has made deleveraging a priority.

However, it had to shelve a planned flotation of a stake in its Asian operations, only to follow that up a week later with the sale of its Australia business to Japan’s Asahi (2502.T) for $11.3 billion.

Chief Financial Officer Felipe Dutra said AB InBev still believed in the merits of its Asian IPO – that it would create a local champion to drive regional consolidation – but would only consider it at the right valuation.

“The past two weeks confirm we remain disciplined,” he told a conference call. “We retain the potential IPO as an option and we will continue to monitor the markets … but there is no assurance that an IPO will ever materialize.”

The company said its net debt was $104.2 billion at the end of June, unchanged from the close of 2018, and its net debt to EBITDA ratio dipped to 4.58 from 4.61.

It aims to bring this ratio down to below four by the end of 2020. Its ultimate goal is a multiple of around two. Chief Financial Officer Felipe Dutra said the Australia business sale, due to close early next year, would reduce the multiple by 0.35 percentage points.

For the second quarter, earnings before interest, tax, depreciation and amortization (EBITDA) rose by 9.4% on a like-for-like basis to $5.86 billion, compared with the $5.73 billion average of analyst forecasts based on Refinitiv data.

Xilinx resumes some Huawei sales, but lower forecast sends shares down

( ) – Xilinx Inc (XLNX.O) said it had resumed some sales to Huawei Technologies Co Ltd but forecast current-quarter revenue below Wall Street estimates on Wednesday, citing the impact of U.S. restrictions on selling to the Chinese telecommunications firm.

The forecast and sent the chipmaker’s shares down 5.78% to $125.50 in extended trading. Xilinx makes programmable chips that are used in data centers to speed up tasks like artificial intelligence work, as well as chips that are used in 5G telecommunications base stations.

Company executives did not disclose how much revenue the Xilinx derives from Huawei, but said no single customer accounted for more than 10% of its revenue and that Xilinx has cut its sales expectations for Huawei by more than half.

Chief Executive Victor Peng said that Xilinx stopped all sales to Huawei in May when U.S. restrictions took effect. Peng said that during the fiscal first-quarter ended June 29, Xilinx determined that some of its products, such as its older, 28-nanometer chips and some chips not designed for 5G gear, could legally could be sold to Huawei.

Xilinx resumed shipping those chips and has also applied for licenses with the U.S. Commerce Department to resume selling other products to Huawei.

On a conference call, analysts pressed the company on whether Huawei might speed the transition to fully custom chips made by its HiSilicon unit to replace Xilinx’s chips. Peng told analysts he did not think that would happen quickly.

“They’re certainly not going to give up on 5G,” Peng said. “They’ve architecte上海夜生活d it in certain ways. That’s not something that anybody could just change on a dime.”

The company said it expects second-quarter revenue of between $800 million and $850 million, below analysts’ average estimate of $852.5 million, according to IBES data from Refinitiv.

Peng told analysts that the company continues to ship chips to other companies building out networks for 5G, the next generation of wireless data communications, including ZTE Corp (000063.SZ), which had previously been the target of U.S. restrictions but has since had them removed.

Other chipmakers, such as Broadcom Inc (AVGO.O), have said they expect other electronics makers to step in and eventually fill in lost Huawei sales, but Peng told that is less likely to happen in the market for 5G gear.

“Infrastructure is just different. There’s not as many people who can do it,” Peng told in an interview. “It’s a well-known fact that the Chinese operators have favored the domestic suppliers” such as Huawei and ZTE, among others.

Flores said that the company was “not reiterating or updating our full-year guidance” for the full fiscal 2020 year and that its outlook was “somewhat moderated by trade-related concerns.” In May, the company said it expected between $3.45 billion and $3.6 billion in revenue. Xilinx it will give more details on its full-year forecast in October.