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Leonardo s PSG return could be welcome news for coach Tuchel

By Jerome Pugmire, Associated Press PARIS (AP) — Leonardo's return as Paris Saint-Germain's sporting director could be welcome news for coach Thomas Tuchel after a difficult first season. PSG announced Leonardo's appointment on Friday as a direct replacement for Antero Henrique, who leaves after two years despite helping secure two marquee signings in forwards Neymar and Kylian Mbappe. Tuchel's working relationship with Henrique had become increasingly strained because of the need to strengthen an injury-hit squad and an awkward situation concerning homegrown midfielder Adrien Rabiot. Henrique said in a December interview that Rabiot would remain out of the side after refusing to sign a new deal, despite months of negotiations. He did not play again and is now out of contract, meaning PSG will get nothing for him as he reportedly negotiates terms for a move to Italian champion Juventus. But Tuchel is a fan of Rabiot's style of play and wanted him available, especially with injuries in midfield during a fraught Champions League campaign. The club's disciplinary stance remained firm. At the time, Henrique appeared to have the backing of club president Nasser Al-Khelaifi, with the signings of Neymar and Mbappe doubtless contributing to his standing. An exasperated Tuchel also lamented a lack of signings in the winter transfer window and had to wait until January 29 — right at the end — before the club bought Argentina midfielder Leandro Paredes from Zenit St. Petersburg. But Tuchel was reportedly not overly keen on signing Paredes, who made little impression. If their relationship was indeed a power struggle, it now seems like a victory for Tuchel over Henrique. Tuchel recently signed a one-year extension to his initial two-year deal. Leonardo's return offers the possibility of a more harmonious working relationship, one which the club hopes will end years of frustration in the Champions League. PSG has never been beyond the quarterfinals since Qatari backers QSI started bank-rolling the club with huge investment eight years ago. In the past three seasons PSG has gone out in the Round of 16 — twice blowing strong first-leg leads — and last season Tuchel's side failed to retain its domestic cups. FAMILIAR FACE While Henrique was unfamiliar with the club when he took the job, that's certainly not the case for Leonardo. He played for PSG in 1996-97 and was hugely popular. As an attack-minded defender or midfielder, he helped PSG reach the European Cup Winners' Cup final in '97. He won the World Cup with Brazil in 1994 and the Copa America in '97. He had spells as coach of AC Milan and Inter Milan, where he was also sporting director. Leonardo became PSG's sporting director for the first time in July 2011 and helped persuade Carlo Ancelotti to become coach in December 2011. It was a considerable coup considering Ancelotti's long-standing reputation in the game. "I'm extremely enthusiastic at the idea of coming back," the 49-year-old Leonardo said. "I've experienced some big emotions here." BITTER END Leonardo held his role until May 2013, when he was suspended for nine months by the French league for barging into a referee just outside the tunnel. Television images appeared to show Leonardo deliberately shoulder-barging Alexandre Castro after a home draw. Leonardo had been heavily critical of French referees that season, in particular launching one angry rant live on television after a draw at defending champion Montpellier. Following Leonardo's suspension, Ancelotti left to take charge of Real Madrid despite having one year left on his PSG contract. FUTURE DAYS Leonardo must quickly establish a strong and trusting relationship with Tuchel. The club is expected to be busy in the transfer market this summer, whilst fending off reported interest from Real Madrid for the prolific France forward Mbappe. PSG must also raise funds, and Leonardo's return coincided with the sale of 19-year-old forward Moussa Diaby to Bayer Leverkusen for a reported 15 million euros ($16.8 million). Fans want success but they also want to see local talents shine, and Diaby was one of the best players to have come through PSG's youth academy in recent years. If Leonardo persuades Rabiot to change his mind and sign a new deal, it would certainly please Tuchel......»»

Category: sportsSource:  abscbnRelated NewsJun 16th, 2019

PNB doubles euro notes issue to $2 billion

Lucio Tan-led Philippine National Bank (PNB) is turning to the offshore debt market more to raise much needed funds to bankroll its expansion program as it decided to double the size of its euro medium term note program to $2 billion......»»

Category: financeSource:  philstarRelated NewsJun 1st, 2019

EastWest eyes P10 billion from debt market

Gotianun-led East West Banking Corp. is planning to issue up to P10 billion worth of bonds, adding itself to the list of local banks tapping the onshore debt market to raise funds......»»

Category: financeSource:  philstarRelated NewsMay 31st, 2019

Finance: Gov't partially awards T-bills as demand wanes on cautiousness

THE GOVERNMENT was only able to raise P9.09 billion in fresh funds from its first auction of Treasury bills (T-bill) for the year amid tepid demand from investors, with banks seeking higher returns due to market jitters amid global uncertainties......»»

Category: financeSource:  bworldonlineRelated NewsJan 16th, 2017

Oil firms raise pump prices today

MANILA, Philippines - Following leads in the international oil market, petroleum firms yesterday increased the prices of gasoline and diesel products......»»

Category: newsSource:  philstarRelated NewsDec 26th, 2016

Treasury mulls $500-M bond offer

THE GOVERNMENT plans to sell at least $500 million in dollar-denominated securities early next year to raise funds for state programs and manage debts, the National Treasurer said, adding that timing of the offer will depend on market feedback in the wake.....»»

Category: newsSource:  bworldonlineRelated NewsNov 22nd, 2016

Front Page: Treasury mulls $500-M bond offer

THE GOVERNMENT plans to sell at least $500 million in dollar-denominated securities early next year to raise funds for state programs and manage debts, the National Treasurer said, adding that timing of the offer will depend on market feedback in the wake.....»»

Category: financeSource:  bworldonlineRelated NewsNov 22nd, 2016

Companies return to market ahead of US Fed rate hike

MANILA, Philippines - Companies are now scrambling to raise funds either through a public listing or through the debt market, braving the prevailing stock ma.....»»

Category: financeSource:  philstarRelated NewsOct 16th, 2016

Oil firms to raise gasoline, diesel prices today

MANILA, Philippines - Oil companies increased the prices of gasoline and diesel after the price of oil in the international market rebounded......»»

Category: newsSource:  philstarRelated NewsSep 26th, 2016

PSBank to raise P10B funds from LTNCD

PHILIPPINE Savings Bank (PSBank), the thrift bank arm of the Metrobank Group, will be raising P10 billion in fresh funds from the debt market to take advantage of the prevailing low interest rates. In a disclosure to the Philippine Stock Exchange, PSBank .....»»

Category: newsSource:  manilatimes_netRelated NewsSep 26th, 2016

U.S. blocks more Chinese tech firms on national security concerns

WASHINGTON D.C, USA – The US Commerce Department blacklisted five Chinese tech entities Friday, June 21, in a new move against Beijing's supercomputing industry likely to raise tensions ahead of a meeting between President Trump and Xi Jinping next week. The notice targets Sugon – a prominent Chinese supercomputer manufacturer ........»»

Category: newsSource:  rapplerRelated NewsJun 22nd, 2019

RUNRIO, NowheretogobutUP launch fun run to raise funds for UP varsity sports

RUNRIO, NowheretogobutUP launch fun run to raise funds for UP varsity sports.....»»

Category: sportsSource:  thestandardRelated NewsJun 21st, 2019

PSEi down on net foreign selling

Due to the heavy outflow of foreign funds, the local stock market fell for the second day on Monday. The bellwether Philippine Stock Exchange index (PSEi) dropped by 1.02 percent…READ The post PSEi down on net foreign selling appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 17th, 2019

The ten most intriguing NBA free agents for 2019

By John Schuhmann, NBA.com We knew that the postseason would affect free agency. But the idea was that the success or failure of certain teams would affect what their free agents' thoughts about staying or leaving. Unfortunately, the last two games of The Finals brought devastating injuries to two of the three most coveted free agents on the market. Kevin Durant, arguably the best player in the world, tore his Achilles in Game 5, just 12 minutes into his return from a calf injury. And Klay Thompson tore his ACL in Game 6. The two injuries will certainly have repercussions beyond the two players and the Golden State Warriors. Maybe they already have. With the Western Conference seemingly wide open next season, the Los Angeles Lakers have reportedly made a deal for Anthony Davis, sending a bevy of young players and future picks to New Orleans so they can team the 26-year-old star with 34-year-old LeBron James ... and maybe another star added in free agency. As always, the free agent market and the trade market are tied together. The pending Davis trade could affect the decisions of players and teams come July 1. And if teams miss out on the free agents they're seeking, they could always fill their cap space by making a trade. With all that in mind, the players listed below aren't necessarily the 10 best free agents (or potential free agents). They're the 10 (actually 12) most interesting in regard to where they're going and what kind of contract they get. For players to be on this list, there needs to be some intrigue regarding their (and/or their team's) decision this summer. That's why Thompson isn't included. 1. Kawhi Leonard, Toronto (Player option) Whether he leaves or not, trading for Leonard last summer was well worth it for the Raptors, who won their first championship, with Leonard averaging 30.5 points per game in the postseason. The Raptors' "load management" program (which limited Leonard to just 60 games in the regular season) clearly worked, and director of sports science Alex McKechnie should be seen as a major asset in the quest to keep Leonard in Toronto. There should be a "run-it-back" sentiment for the new champs, with Danny Green also a free agent and Marc Gasol holding a player option this summer. A short-term deal would make sense, unless Leonard is looking for long-term security, having missed almost all of the 2017-18 season with a leg injury. It's all up to Leonard, maybe the toughest player in the league to read. If he takes his two-way talent elsewhere, the Raptors may have to go in a new direction. Number to know: In the postseason, Leonard had a true shooting percentage of 69.1 percent, the highest mark for a player that averaged at least 30 points per game in the playoffs and won the championship. 2. Kevin Durant, Golden State (Player option) Durant's torn Achilles probably won't scare any team, including the Warriors, from paying him as much as possible. As deep and talented as this free agent class is, the top two guys on this list are in a class by themselves. Rumors have long had Durant ready to leave Golden State and even with his injury, he seems more likely than Thompson to find a new home. But an ESPN report had Thompson's father talking about "unfinished business" after overhearing a conversation between the two injured Warriors. Durant could always put free agency off for a year by exercising his player option and remaining on the Warriors' payroll through his rehab. Number to know: Durant was the first player in NBA history to average 30 points per game in at least 10 playoff games while shooting at least 50 percent from the field, 40 percent from three-point range and 90 percent from the free throw line. 3. Kyrie Irving, Boston The disappointment of the Celtics' season, along with Irving's questionable leadership with a group that underachieved, has taken some of the shine off his star. Irving's injury history also must be taken into consideration. But talent is the most important thing in this league and Irving is one of its most talented players. He's still just 27-years-old and he can still get buckets when buckets are needed. A return to Boston appears far less likely than it did six months ago (especially with Davis being traded elsewhere) and there have been a lot of signals that Irving is bound for Brooklyn. Number to know: In the regular season, Irving had an effective field goal percentage of 56.1 percent with the score within five points in the last five minutes of the fourth quarter or overtime, the second-best mark among player with at least 50 clutch field goal attempts. 4. Jimmy Butler and Tobias Harris, Philadelphia The Sixers lost to the eventual NBA champions on a Game 7 buzzer-beater that bounced on the rim four times before falling through. They're right there. But their starting lineup, which outscored its opponents by more than 21 points per 100 possessions in 334 total minutes (regular season and playoffs), includes three free agents. In regard to future assets, the Sixers didn't give up as much for Butler as they did for Harris. And of course, Butler has more baggage in regard to accepting his role. But, with his defense and his ability to get his own shot, he's is the most important of the three. Harris struggled a bit in the conference semifinals against Toronto and is the least important of the Sixers' three free-agent starters; J.J. Redick's shooting was clearly more critical in the postseason. But Harris isn't easily replaceable and he appears to be the most likely to leave, with a lot of teams looking for versatile forwards. Number to know: In the regular season, Harris shot 41.3 percent on pull-up three-pointers, the second-best mark among 69 players who attempted at least 100. 5. Kemba Walker, Charlotte Walker has expressed some level of loyalty to the Hornets. But immediately after the Davis trade was agreed to, there was a report that Walker would be a "top target" of the Lakers with their cap space. Walker would be an ideal offensive complement to James and Davis, in that he can play off the ball (though he shot less than 35 percent on catch-and-shoot three-pointers last season) and take some of the playmaking burden off of James' shoulders. The Hornets, meanwhile, would likely have a tough time upgrading their roster around Walker, with Nicolas Batum, Bismack Biyombo, Michael Kidd-Gilchrist, Marvin Williams and Cody Zeller all under contract next season for a total of $85 million. Number to know: Walker led the league with 126 field goal attempts with the score within five points in the last five minutes. That was 43 percent of the Hornets' total (295). His effective field goal percentage on those shots (49.6 percent) ranked 15th among 45 players with at least 50 clutch field goal attempts. 6. D'Angelo Russell, Brooklyn (Restricted) A finalist for the Most Improved award, Russell took a big step forward this season, both in regard to his production and his maturity. He earned himself an All-Star appearance and helped the Nets reach the playoffs with a 14-win increase from last season. He's only 23-years-old and is one of the league's most flammable shooters. But because he doesn't get to the basket or the free throw line very often, Russell is neither all that efficient (his true shooting percentage of 53.3 percent ranked 66th among 94 guards with at least 500 field goal attempts) nor consistent, and he struggled (shooting 36 percent) in Brooklyn's first-round loss to Philadelphia. If the Nets are targeting another ball-handler in free agency (with Caris LeVert and Spencer Dinwiddie already under contract), they'll probably let Russell head elsewhere. Number to know: In the regular season, Russell ranked second with 11.4 pick-and-roll ball-handler possessions per game. He scored 0.89 points per possession as a pick-and-roll ball-handler, the 26th best mark among 44 players that averaged at least five ball-handler possessions. 7. DeMarcus Cousins and Kevon Looney, Golden State Cousins hadn't made it back to 100 percent from his Achilles tear before he suffered a torn quad in his second career playoff game. He made it back for The Finals from that injury and showed flashes of his old self with 14 important points in the Warriors' Game 5 win and a big bucket in the final minute of Game 6. But he also struggled on both ends of the floor at times, and the Warriors were outscored with him on the floor in seven of his eight playoff games. Now he goes back on the free agent market with teams still not sure of what they're getting. Looney is an unrestricted free agent at 23-years-old, and he was the Warriors' most important center this season. The Western Conference champs have Looney's Bird rights, but they could also be spending a lot of money to retain Durant and Thompson (and possibly extend Draymond Green). Another team might have a larger role and more money for an improving young big. Number to know: In the regular season, the Warriors' lineup of Curry, Thompson, Durant, Green and Looney scored 121.5 points per 100 possessions and outscored opponents by 18.7 per 100. Those were the best marks for points scored and point differential per 100 possessions among 40 league-wide lineups that played at least 200 minutes together. 8. Malcolm Brogdon, Milwaukee (Restricted) The Milwaukee Bucks were the best team in the league through the first two games of the Eastern Conference finals. But, with four of their top eight players being free agents (or potential free agents) this summer, they have a lot of work to do if they want to keep Giannis Antetokounmpo surrounded by players who can get it done on both ends of the floor. Brogdon, Khris Middleton and Brook Lopez are the three key pieces. They're all due a pay raise and they all belong on this list. Brogdon is the restricted free agent, but he's also the youngest of the three (he'll be 27 in December) and the one that could be projected into a larger role on another team. Number to know: Brogdon shot 47.5 percent on catch-and-shoot three-pointers, the third-best mark among 223 players who attempted at least 100. 9. Julius Randle, New Orleans (Player option) After five years in the league, Randle is still just 24-years-old. So he's not necessarily a bad fit for David Griffin's plans for the future in New Orleans. But the Pelicans might not be ready to commit the money Randle is seeking (should he opt out of the final year of his contract) after averaging a career-high 21.4 points per game. Defense remains an issue, but Randle has expanded his offensive skill set; he was a respectable 34.4 percent from three-point range this season, taking 18 percent of his shots from beyond the arc (up from six percent over his three previous full seasons). Number to know: Randle averaged 13.2 points in the paint per game, seventh most in the league, and he made more three-pointers (67) than all but one of the six players in front of him. 10. Ricky Rubio, Utah According to Rubio himself, he's not Utah's top priority in free agency. He remains a good defender and one of the league's best passers, but the Jazz need to get more potent offensively if they're going to take the next step. At 31.1 percent, Rubio ranked 153rd in three-point percentage among 163 players with at least 200 attempts. There could be as many as 10 teams (not including the Jazz) in need of a starting point guard this summer, and Rubio could have more value on a team more in need of a distributor. Number to know: The Jazz were 5.8 points per 100 possessions better offensively with both Rubio and Donovan Mitchell on the floor (scoring 110.4 per 100) than they were with Mitchell on the floor without Rubio (104.6). John Schuhmann is a senior stats analyst for NBA.com. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsJun 17th, 2019

Foreign funds to continue fleeing PHL stock market

BPI SECURITIES, Inc. sees up to $600 million worth of foreign funds exiting the local stock market this year as more investors place their funds in China, following its greater weighting on the MSCI index......»»

Category: financeSource:  bworldonlineRelated NewsJun 12th, 2019

BSP imposes uniform 4% reserve ratio on LTNCDs

The Bangko Sentral ng Pilipinas (BSP) has imposed a uniform reserve requirement ratio (RRR) for long-term negotiable certificates of time deposits (LTNCDs), freeing up about P6 billion additional funds to the financial system and at the same time deepening the financial market......»»

Category: financeSource:  philstarRelated NewsJun 10th, 2019

Report: Kemba Walker calls Charlotte his first priority

NBA.com staff report Kemba Walker, the heart and soul of the Charlotte Hornets for eight seasons, is expected to receive interest from several teams as he enters free agency this summer. At the moment, Walker does not appear interested in leaving Charlotte. In a recent interview with Jared Weiss of The Athletic, Walker expressed a desire to reach a new deal with the Hornets. “Oh no question, Charlotte’s definitely my first priority,” Walker said. “That’s where I’ve been for eight years and that’s all I know. Not many people get a chance to play for one NBA team throughout their career.” Walker qualified for the supermax extension from the Hornets after making the third-team All-NBA this season, which could pay him more than $220 million over five years. Walker averaged a career-high 25.6 points and 5.9 assists for the Hornets this season while earning his third straight All-Star selection.   Zeller starts lemonade fundraiser One of Walker's teammates, Cody Zeller, is going the extra mile to keep Walker in a Hornets uniform. Zeller posted a picture to his Twitter account of a lemonade stand he set up, one through which he hopes he’ll be able to raise funds to make bringing Walker back more feasible. Only one month until free agency starts in the NBA! Fundraising has already begun though! pic.twitter.com/W0R6KFnXT2 — Cody Zeller (@CodyZeller) June 1, 2019.....»»

Category: sportsSource:  abscbnRelated NewsJun 2nd, 2019

Dennis Uy firm raising up to $420 M to fund Mactan casino resort project

Dennis Uy’s PH Resorts Group Holdings Inc. will raise funds for its sprawling integrated casino resort in Mactan, Cebu, its first casino venture which is estimated to cost $600 million......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2019

Fuel prices up this week - The Manila Times Online

AFTER implementing a price rollback for two consecutive weeks, oil companies will jack up prices of petroleum products on Tuesday. Firms will raise the price of diesel by 80 centavosREAD The post Fuel.....»»

Category: newsSource:  manilanewsRelated NewsMay 21st, 2019

Market may see upward momentum this week

Investors are looking forward to a more buoyant stock market this week as foreign funds continue to favor the Philippines after a recent upgrade and with first quarter corporate results pouring in......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2019