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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.

Russia’s top banks plot temporary sanctions workaround: sources

MOSCOW ( ) – Leading Russian banks are working on plans to help each other retain at least short-term access to the global financial system in the event that they are hit by fresh U.S. sanctions, sources familiar with the matter told .

Sberbank, VTB, Gazprombank and others are examining how they can provide each other with access to U.S. dollars or other major foreign currencies by using so-called correspondent accounts, the sources said.

Banks access financial services in different jurisdictions and provide cross-border payment services to customers in various currencies through correspondent banking relationships.

The new scheme, which banks started to draft with Russia’s finance ministry and the central bank last year, would be unlikely to work indefinitely but could help avoid a panic if one or several big banks are cut off from dollar transactions.

U.S. lawmakers last year drafted a sanctions bill which proposed cutting off some of Russia’s top banks from the U.S. dollar system, mentioning Sberbank, VTB, Gazprombank, Russian Agriculture Bank, Promsvyazbank, VEB and Bank of Moscow.

This did not come into force and recently another was proposed, without mentioning any specific banks.

But Russian banks still fear they could come under sanctions and so have begun to draft a contingency plan.

“Each important bank has a step-by step plan on what should be done in a given situation. The first month is set out day by day, if not hour by hour,” a senior financial official said.

The central bank and Gazprombank declined to comment. The finance ministry, Sberbank, VTB, Promsvyazbank, VEB and Russian Agriculture Bank did not reply to requests for comment.

The two biggest threats to the banking sector in Russia are being cut off from the SWIFT banking messaging system and losing access to foreign currency, which they usually get from U.S. banks via correspondent accounts.

In the event of being shut out of SWIFT, Russia already has its own system, which it is upgrading.

And for foreign currencies there are a number of options, said the sources, who include a high-ranking state banker, a well-placed industry official, an executive with a large bank and an individual in a foreign bank.

TEMPORARY FIX

The main option relies on at least one major Russian bank avoiding sanctions and being able to retain access to foreign currencies via correspondent accounts with major overseas banks.

Other Russian banks would then set up or upgrade existing correspondent accounts with that bank to shift currency around.

Publicly available documents show VTB has correspondent accounts with Sberbank and VEB, while Russian Agriculture Bank has accounts with VEB, VTB, Gazprombank, Sberbank and a number of other Russian banks.

VEB has such accounts with Sberbank and Gazprombank.

Sberbank, VTB, VEB, Gazprombank and Russian Agriculture Bank have correspondent accounts with the central bank as well.

However the bulk of these accounts are denominated in rubles, with only a handful in U.S. dollars and euros.

“This would (them) allow to move the dollars between themselves bypassing a correspondent account,” the source at a foreign bank said, adding that in order for the back-up to work one bank in the chain would need to have a U.S. dollar correspondent account with a U.S. bank as there would still be a need to make external settlements, necessitating a bridge.

Correspondent accounts would complicate tracking currency transfers between the banks, making them harder for overseas authorities to spot, a former central bank official said.

Such an arrangement would represent a “temporary solution” which might last for three or four months and buy the banks time to find an alternative, while also reassuring customers.

And a spike in currency transactions by the banks which had not been sanctioned and were dealing with the foreign correspondent bank would likely arous上海夜生活e suspicions.

Other options include the central bank providing forex currency to a ‘clean bank’ which in turn would then distribute it to peers via correspondent accounts, sources said.

Alternatively a sanctioned bank could use correspondent accounts directly with the central bank although that would raise the risk of the central bank itself being hit with sanctions and therefore, is unlikely, the sources said.

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.”

Fellaini spoke about his future at Manchester United

Marouane Fellaini, the Manchester United midfielder, spoke about his future at Manchester United and he revealed that he is “not sure whether he will stay at Old Trafford” if the club will make him another contract offer.

The Belgium international spoke about his situation as his contract is going to expire the upcoming summer and he can possibly leave the club – and he admitted that he has been thinking about this possibility. The 30-year old insisted that he expects another proposal by Manchester United but he doesn’t know yet how is he going to react.

The former Everton player spoke about his opini上海夜生活论坛on on that situation as he said, according to ESPN: “Honestly, I don’t know. I do have something in mind, but I cannot say anything about this yet. If Manchester didn’t want me anymore, they would have told me. They made an offer and they will likely make me another one. Whether I will accept that I am not sure. Those things don’t happen overnight.”Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

He also added that he also talked about it with José Mourinho and he respects his decision: “No, we talked about it. The manager is someone who respects his players’ decisions. This is my 10th season in England. Aside from my first experience at Manchester I only had good moments. Five years at Everton, five years at Manchester. I like the stability. It takes a couple of years before you build relationships. I know everyone by now — that is nice.”

In the end, Marouane Fellaini revealed further facts about his injury: “The inner ligaments were touched. One month later I played again, against Chelsea. But three weeks later, against Brighton, I felt pain again. I decided not to take the risk. I trained again, but not at 100 percent. It wasn’t an easy time, but hey, that’s how it works in football. It could have been worse. Two weeks before Bosnia, there was that attack from [Southampton striker] Shane Long.”

FA Cup to trial VAR technology next year

The FA insist they are open to implementing new technologies into football.

The VAR(video assistant referee) will be tried out during the third round of this season’s FA Cup, the English Football Association confirmed.

The technology will be used for the first time on the Island during Brighton’s clash with Crystal Palace on Monday, 8 January 2018. The VAR will also be used in a number of selected fixtures throughout the rest of the competition.

In fact, the very first time the new system was used was when England faced Germany in an international friendly on Wembley. However, the video assistant referee was simply tested and not executed in play.Pep Guardiola agrees that the domestic Treble isn’t enough  Tomás Pavel Ibarra Meda – After winning the domestic Treble for the first time in English football history, Pep Guardiola still reckons it isn’t enough for Manchester City.Pep Guardiola…

“The FA has always been open to trialling new innovations and was heavily involved in the advancement of上海夜生活论坛 goal-line technology before it was introduced,” said the FA’s director of professional game relations Andy Ambler as quoted by BBC.

“The trialling of the VAR system in this season’s Emirates FA Cup from the third round is a continuation of that and further demonstrates that whilst being the most famous and historic domestic cup competition in the world it is also modern, progressive and innovative.”

The English Football Association also clarified that the VAR will only be used to counteract “clear and obvious errors” on certain situations: goals, penalties, straight red cards or mistaken yellow/red cards.

Real Madrid monitor Tottenham duo

Real Madrid are keeping tabs on two of Tottenham’s best players, Dele Alli and Harry Kane.

Los Blancos tried to sign Kylian Mbappe last summer and make him their galactico transfer, in an era when Florentino Perez chose to focus on younger players. But their plans have been ruined by PSG, who stepped in and made a superior offer, managing to attract the young French forward to Parc des Princes eventually.

However, Perez is aware that his club need some big name signings if they are to keep their status and continue to challenge for both La Liga and Champions League. For this reason, Real Madrid remain true to their strategy of looking at some of the best young players in the world and will try to sign the two best players of Tottenham, according to Marca.Donny van de Beek rules out January switch to Real Madrid Andrew Smyth – Donny van de Beek has ruled out a January move to Real Madrid as he plans to see out the remainder of the 2019/20 campaign with Ajax.

Harry Kane (24) and Dele Alli (21) are two players who have proved their ability at the highest level, despite their young age. Both of them have played vital roles in Tottenham’s Premier League title challenge in the past two seasons.

Real Madrid will have the chance to see the two players in action up close in their upcoming Champions League clash with Tottenham. Los Blancos will have to cope with a striker that scored 14 goals in 10 matches this season and with an attacking midfielder that played a vital role in creating上海夜生活论坛 most of his team’s chances.

However, any endeavour to sign the two players will be very very difficult. Florentino Perez already knows how hard it is to negotiate with Daniel Levy from the transfer of Gareth Bale, for whom Real Madrid ended up paying a world-record fee at that time.

Smalling: “I don’t have to prove anything”

Chris Smalling wasn’t called up to the national team by Gareth Southgate last time but the Englishman insisted that he has nothing to prove to the national team coach as he is playing regularly under José Mourinho.

The 27-year old has been an important part of Manchester United squad but Gareth Southgate said that he isn’t sure about Smalling’s passing ability – the defender remains calm though as he mentioned that he is playing under one of the greatest managers and he is happy for it. He didn’t want to criticize Southgate but he said that he won’t prove him anything.

The central defender spoke about this situation as he said, according to Sky Sports: “I don’t feel like I really need to prove anything to Gareth because I play under one of the biggest and most successful managers in Jose and he’s only going to pick the best players. While I’m playing regularly and he is happy I think ultimately if my season carries on like this and we have a successful season and our team still concedes very few go上海夜生活als, then I think it gives him maybe no choice in the summer but to pick me.”Top 5 Premier League players in September’s last weekend Tomás Pavel Ibarra Meda – A fresh Premier League fixture just ended, which means we can talk about the Top 5 best players of September’s last weekend.After a fresh…

He added that he feels really good and thinks that he is doing well: “I’ve been getting a good run of games over these last few months and I’m feeling good and that’s the feeling you want, you want to be able to play regular games and be a part of a successful team. So far we have been successful, it’s just making sure we keep this going and improve on last year where we got two trophies and we want to at least beat that.”

Smalling is sure that the fact that he plays regularly under José Mourinho should be enough: “I play for one of the biggest clubs and under one of the most successful managers in Jose and while that’s the case I think, ultimately, it is your club form that decides whether you play at a World Cup because there aren’t that many England games throughout the season.”

United’s manager unfazed by increasing gap with Premier League leaders

The ‘Special’ one insisted things could have been worse for his team.

Manchester United manager José Mourinho insisted he is not worried by the increasing gap between his club and Premier League leaders Manchester City. The Red Devils lost an important game on Sunday with a result of 1-0 against Chelsea at Stamford Bridge.

United were dominated by the Blues for the greater part of the game and the Blues’ efforts were awarded by Morata with a super header in the 55th minute. Meanwhile the Red Devils had only two shots on target w上海夜生活ith Lukaku being completely isolated in the front.

The defeat on Sunday, together with City’s 3-1 win over Arsenal, increased the gap between the two clubs to 8 points, but Mourinho is not bothered by that fact.Jamie Carragher puts Chelsea over Manchester United and Arsenal Nedim Maric – In an uneventful derby, last night, Manchester United and Arsenal both got point each.Top four-fight this season looks like it’s going to be between…

“We are second not fifth, sixth or seventh,” he told Sky Sports.

“There are 18 teams in a more difficult position. Eight points is eight points.

“We went through a very difficult phase with some of the most important matches without important players. It’s obvious we’ve been through a difficult phase with limitations.”

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.”

Silva praises amazing De Bruyne

The Belgium international has enjoyed a tremendous start of the season under Pep Guardiola.

Manchester City’s summer signing Bernardo Silva has lauded his team-mate Kevin De Bruyne as ‘one of the best in the world’. The Citizens’ playmaker is in outstanding form since the start of the season, constantly lifting the assist bar with his performances. De Bruyne has been the most assisting footballer in the Premier League since arriving at the Etihad Stadium in 2015. The 26-year-old’s showing on the pitch has been vital for Guardiola’s men, who keep smashing every team they face in England.

Their latest feature was a 7-2 hammering over Stoke City, with De Bruyne once again under the spotlight as he was involved in the majority of City’s goals. His incredible form has not gone unnoticed as Bernardo Silva could not hide his satisfaction with the Belgium international’s form and contribution to the club: “Kevin, is just an amazing player. It’s a pleasure to play alongside these kind of players and he showed us again that he’s one of the best in the world.” the Portuguese striker stated, according to beIN Sports.Neville: Pep Guardiola knows Ma上海夜生活n 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.

“It feels great to be part of this team and score my first goal for Manchester City, I’ve very happy for this.

“The team played an amazing game, three well deserved points and now we have to think about the Champions League, because we want another three points there to help us progress.

“To be here and to be able to learn from all these fantastic players, it’s an amazing opportunity, I’m very happy to be here, and I hope I can help the team to achieve the goals.”

Updates about Carvajal’s condition

Excellent news are coming from Spain, where it was announced that Dani Carvajal is out of any danger.

The Spanish full-back of Real Madrid was diagnosed with a viral infection of the pericardium and was ruled out of action indefinitely. So far, no news emerged about Carvajal’s situation and there were worries about his general health condition, after the medical staff of Real Madrid said that they don’t know when will the player be ready to play again. He was offered treatment and was kept under supervision by the team’s doctors.

However, AS now announced that the right-back is out of any danger and will return to the first team training sessions very soon. Although the medical team of Real Madrid cannot say exactly when Carvajal will re-join his teammates, rumours suggest that this will happen until the end of October, the player needing at least one more week of rest.Real Madrid injury update ahead of Champions League clash Nedim Maric – Atletico and Real Madrid pl上海夜生活论坛ayed the Madrileno derby last night which finished in a bore 0-0 draw.In the absence of Marcelo and Ferland Mendy,…

Dani Carvajal played 11 matches this season and provided two assists for his teammates. However, he stopped training with his colleagues on the 30th of September, due to the medical condition that was discovered during a routine medical check.

The Spanish right-back signed a new deal with Real Madrid recently, keeping him at the club until 2022. The 25-year-old played 170 matches for Los Blancos, scoring 4 goals and managing 27 assists. His current market value is €32m, according to Transfermarkt.

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.

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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.”

Salah and Coutinho synergy impressed Klopp

The German tactician is pleased to see the early understanding between the two players.

Jürgen Klopp is fascinated by the early showings of synergy between Mohamed Salah and Philippe Coutinho, after watching the two players during the pre-season friendlies.

Coutinho’s future has been a subject of strong speculations as Barcelona are reportedly interested in the Brazilian amid Neymar rumours linking the Catalan to Paris Saint-Germain.

However, Coutinho captained his team against Hertha Berlin at the Olympiastadion and once again impressed with his ability to distribute the ball. The ‘Magician’ freed himself from opponent players and provided a stunning assist for Salah, who wrapped up the final 3-0 for the Reds.

Speaking to Liverpool’s website, Klopp was more than delighted by the understanding of his players.

“I think players like this understand each other.

“It’s a good thing with having players of this quality. I was pleased but it was what I expected.Jurgen Klopp rates Pep Guardiola as his greatest rival Andrew Smyth – Liverpool boss Jurgen Klopp revealed that his Manchester City counterpart Pep Guardiola is the best manager that he’s ever coached against.

“The pass was nice and the finish was not too bad also.”

The German manager also said that Liverpool’s new signings are proba上海夜生活网bly underestimated by the masses, but he was happy with their impact on the games.

“The new players are maybe better than people thought they will be,” he added.

“I think we said early that we want to build on the squad from last year, and that’s what we’ve tried to do. For the moment, we’re really happy.

“We don’t have many injuries now, which is the best news and if we can stay fit, we can be very strong.

“Unfortunately, the other teams are also really pretty strong in England, so we have no choice but to be at our highest.”

Russia vs Portugal preview

Russia top Group A after their opening-day win over New Zealand, while Portugal started with a 2-2 draw against MexicoWritten by – Nikolay Nikolov, June 20, 2017.

The hosts Russia are going to try to defend their leading position in Group A at the FIFA Confederations Cup tomorrow when they will face the European champions Portugal. Spartak Stadium in Moscow is already sold out and the expectations for the game are high in terms of entertainment.

Russia shouldn’t take anything for granted after beating New Zealand in their opening game and should also be aware that this time they are facing a more challenging opponent in Portugal. Russians are likely to let the Portuguese take the initiative and rely more on counter attacks. The side will go into the game with none of their players threatened by yellow-card suspensions.

Portugal’s head coach Fernando Santos has announced th上海夜网at he wants to rotate his team as the tournament goes on, but if he wants to give his main players a rest in the last group game against New Zealand, they need to beat Russia. Andre Gomes and Adrien were booked in the first game and are now just one yellow card away from a one-match ban.

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Here are the possible lineups:

Russia:  Igor Akinfeev; Igor Smolnikov, Georgy Dzhikiya, Viktor Vasin, Fedor Kudryashov, Yury Zhirkov; Denis Glushakov, Aleksandr Erokhin, Aleksandr Golovin; Dmitry Poloz, Fedor Smolov.

Portugal: Rui Patricio; Raphael Guerrero, Bruno Alves, Jose Fonte, Nelson Semedo; Andre Gomes, Gelson Martins, William Carvalho, Joao Moutinho, Andre Silva, Ronaldo.

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.

Luis Enrique: Messi makes the difference when he\u2019s at home eating dinner

Messi’s brilliance is getting hard to describe with words for Luis Enrique who was happy with the win at BernabéuWritten by Christian Møller Poulsen. April 24, 2017

The Barcelona coach was obviously delighted with the performance of his team in yesterday’s game, but he pointed out that there still was a long way to go to win the title.

Barcelona is currently number one in La Liga, but Real Madrid have a game in hand against Celta Vigo.

Enrique spoke of the game between two great teams, and he felt that it could have gone either way. According to Sport, Enrique said: “The game had a high rhythm, it was uncontrollable at times, as both teams had played in the Champions League. It was a game which demanded a lot physically and mentally. the win is a huge morale boost and it will be a Sant Jordi well celebrated in Catalonia and remembered for many years.”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…

The coach was then asked about Lionel Messi, and the Asturian coach said the following: “he even makes a difference when he’s at home having dinner. He’s the best of all time and I have seen a lot of games of football – and videos. Now the people are better prepared and he makes the difference. And this was his 500th goal!”

“Just imagine, his 500th goal coming here, a winner in the 92nd minute at the Santiago Bernabeu.上海夜网 It’s very nice for Leo and it’s nice for everyone associated with Barca.”

Luis Enrique added: “He allowed us to have superiority in midfield, we wanted him on ball as often as possible. It was more difficult in the middle with lots of bodies in there, but he managed to do it for the first goal. It went as we’d hoped.”

Juventus sign Uruguayan wonder-kid

Juventus have announced the signing of Uruguayan wonder-kid, Rodrigo Bentancur, from Boca Juniors.Written by Cosmin Mihalescu. April 22, 2017.

After qualifying in the semi-finals of Champions League, Juventus have concluded their first signing for the 2017/2018 season. Rodrigo Bentancur, the highly rated 19-year-old has signed a 5-year deal, until 2022.

Juventus have paid €9,5m to Boca Juniors, who will also be due 50% of his next transfer. The transfer fee could increase, as it includes different bonuses, conditioned by the number of official games the上海夜生活网 Uruguayan will play for the Bianconeri.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…

Bentancur is a Boca Juniors youth product and made his debut for the first team in the 2014/2015 season. Since then, he has become Argentinian champion with the team and has also won an Argentinian Cup.

The young central midfielder will join his new teammates on the 1st of July, but has already passed all the medical tests: “I am very happy to have arrived at Juventus, for me it’s a huge honour to be here. I am very happy that a team like Juventus was interested in my services. I follow Serie A very often, the game is very different from the one in Argentina. It’s a new challenge for me, I am young and I will give my everything. Tevez has only told me good things about Juventus”, Bentancur said in a statement.

IMF stands by yuan view; says China could need stimulus if trade war worsens

WASHINGTON ( ) – The International Monetary Fund on Friday stood by its assessment that the value of China’s yuan was largely in line with economic fundamentals, but an IMF official said the fund was encouraging China to pursue a more flexible exchange rate with less intervention.

James Daniel, director of the IMF’s China department, said that an assessment of China’s economic policies found the yuan exchange rate in 2018 to be “not significantly over-valued or under-valued.”

The IMF’s views on the yuan are at odds with those of its largest shareholder, the United States, which this week declared China a “currency manipulator” after it allowed the yuan to slip below 7 to the dollar to 11-year lows.

U.S. Treasury Secretary Steven Mnuchin is seeking to engage the IMF to help “correct” an unfair trade advantage from Beijing’s currency actions, but Daniel declined to say how the IMF was responding to the request.

“Our discussions with the U.S. Treasury are ongoing on a range of issues,” Daniel told reporters on a conference call, echoing an earlier statement from an IMF spokesperson.

The IMF said in the report that a worsening of trade tensions with the United States could put China’s economic and financial stability at risk, making new fiscal stimulus measures from the government warranted.

The IMF said if the United States were to impose 25% tariffs on a remaining $300 billion list of Chinese imports, this would reduce China’s growth by around 0.8 percentage points over the following 12 months, driven by a sharp fall in demand and a tightening of financial conditions. Negative global spillovers could be significant, it added.

Daniel said that a 10% tariff on this category of goods — as U.S. President Donald Trump intends to impose on Sept. 1 — could result in a 0.3 percentage point cut to growth.

Weighed down by weak demand at home and abroad, China’s growth slowed to 6.2% in the second quarter, a near 30-year low.

More exchange rate flexibility could help China deal with these external pressures, freeing up monetary policy to deal with domestic demand conditions, Daniel said.

He also said the IMF was pressing Chi上海夜生活na for structural reforms to its economy, including opening more sectors to foreign competition and reducing the role of the state in certain industry — goals also broadly sought by the Trump administration.

“We see continued rebalancing and opening up by China and increased exchange rate flexibility as being in China’s own interests and also benefiting the global economy.”

IMF directors in a statement agreed with staff assessments that China’s external position in 2018 was broadly in line with fundamentals.

But they also called for more transparency in China’s exchange rate policies, the IMF said, with some seeking disclosures of China’s foreign exchange market interventions.

As Barneys struggles, fashion vendors try on alternative channels

PARIS/NEW YORK ( ) – When fashion label Prada (1913.HK) started demanding greater control over shop floor arrangements in U.S. department stores, Barneys New York, now mired in bankruptcy proceedings, was one of the few with enough swagger to resist.

The luxury retailer, respected by its well-heeled clients for its selection, said in interviews at the time it wanted to maintain its influence over buying the merchandise rather than ceding to a leased shop-in-shop controlled by the brand.

Prada eventually reintroduced its women’s styles to the department store after a three-year hiatus, and still counts Barneys as a wholesale partner, a person close to the label said.

But if that stand-off ended well for Barneys, its bankruptcy last week may give fashion and luxury brands new motivation to move beyond wholesale arrangements with department stores, to focus on their own stores and websites.

“Most luxury vendors prefer to sell at their own stores, rather than in wholesale,” said Jerry Storch, chief executive officer of consultancy Storch Advisors.

While fashion brands still like Barneys’ trend-setting vibe, direct sales are far more profitable than wholesale arrangements, and vendors ultimately want to be in control of their own operations and brand experience, Storch said.

Barneys New York owes some $1.6 million to Prada alone, as well as millions more to labels from Kering (PRTP.PA)’s Gucci to LVMH (LVMH.PA)’s Givenchy, according to its bankruptcy filings, and friction with vendors had been building up.

According to Barneys’ court filings, merchandise shipments began to slow over the summer, with many vendors refusing to send their inventory unless they got cash on delivery.

“There was a lot of talk among brands about finding other distribution channels,” one source familiar with Barneys’ supplier network said. “They’d been paying late, in the market, everyone knew that.”

Barneys has until Oct. 24 to avoid liquidation by finding a buyer and clinching a sale, according to terms of its bankruptcy financing outlined during a court hearing last week.

“Barneys is committed to working closely with our vendors to ensure we continue providing our customers with excellent services, products and experiences,” a company spokeswoman told .

    “We have secured approximately $218 million in new financing from partners who have directly expressed confidence in our ability to achieve a value-enhancing transaction,” she said. “This capital will be used, in part, to ensure our long-standing relationships with our vendor partners who are so essential to our future success.”

For major luxury brands, hiccups in the wholesale chain only compound the allure of controlling their own wares with their own stores, as they seek to master their image by avoiding mark-downs, gain flexibility to roll out products at varying paces, increase brand exposure, and boost margins – and the trend in that direction is picking up.

PRADA’S PUSH INTO MINI-STORES

Prada, with just under 20% of revenues derived from wholesale accounts, wants to whittle that down to 5% over the next three to five years, Chief Executive Officer Patrizio Bertelli told analysts in early August.

The bulk of that reduction will fall on Italy and the rest of Europe. Prada had already transformed some 40 sale locations in U.S. department stores into concessions, essentially mini stores brands operate within host department stores.

The concessions model is already more prevalent in Europe. Parisian department stores like Galeries Lafayette are a maze of branded shop-in-shops. But it is a cultural shift for many U.S. luxury retailers including Neiman Marcus [NMRCUS.UL] and Macy’s Inc’s (M.N) Bloomingdale’s, where concessions are somewhat less common.

Barneys does not do concessions across any category in general. Barneys recently hosted limited-time pop-ups with brands such as Chanel, Bulgari and Moynat.

“Department stores that move to concessions don’t need an internal buying team to select merchandise anymore,” said Mario Ortelli, managing partner at luxury consultancy Ortelli & Co. “What they have to do is create the right retail environment to generate store traffic and attract the brands.”

Another industry source said that concession fees, where retailers typically get around 30% of sales, are starting to fall as brands are in a stronger position to negotiate.

If brands have more say about where and how their merchandise is sold, some may choose to exit less profitable department store locations.

“That’s a real risk for the major department stores because they depend on having the big name brands in their stores to give them credibility, so the pressure is really on,” said Ron Frasch, the former president at retailer Saks Fifth Avenue as well as its rival Bergdorf Goodman.

The Barneys department store chain, struggling with declining sales and soaring rent, plans to close 15 locations and wants to keep seven stores – including its flagship on Madison Avenue in New York – open for business.

Vendors are also increasingly exploring other means of distributing merchandise via partnerships with players like Rent the Runway, Richemont’s (CFR.S) Yoox Net-a-Porter and Stitch Fix Inc (SFIX.O).

To fend off some of this competition, some high-end department-store chains have formed partnerships of their own.

In June, for example, Nordstrom Inc (JWN.N) and Rent the Runway announced a tie-up that aims to draw more foot traffic into the department store while making the clothing rental service more convenient.

In April, struggling upscale U.S. retailer Neiman Marcus took 上海夜生活论坛a minority stake in online luxury reseller Fashionphile. In 2016, the luxury department store also teamed up with Rent the Runway and opened its first in-store Rent the Runway shop in a bid to attract younger shoppers.