Advertisements


We are sorry, the requested page does not exist




Stock Market: PSEi extends gains after Yellen's rate hike signal

LOCAL STOCKS sailed through the uncertainties brought upon by developments in the United States and the United Kingdom, with local investors snapping up bargains for a second day......»»

Category: financeSource:  bworldonlineRelated NewsJan 19th, 2017

Bagwell, Raines, Ivan Rodriguez elected to Hall of Fame

RONALD BLUM, AP Baseball Writer br /> NEW YORK (AP) — Jeff Bagwell, Tim Raines and Ivan Rodriguez were elected to baseball's Hall of Fame on Wednesday, earning the honor as Trevor Hoffman and Vladimir Guerrero fell just short. Steroids-tainted stars Barry Bonds and Roger Clemens were passed over for the fifth straight year by the Baseball Writers' Association of America. But they received a majority of votes for the first time and could be in position to gain election in coming years. Bagwell, on the ballot for the seventh time after falling 15 votes short last year, received 381 of 442 votes for 86.2 percent. Players needed 75 percent, which came to 332 votes this year. 'Anxiety was very, very high,' Bagwell said. 'I wrote it on a ball tonight. It was kind of cool.' In his 10th and final year of eligibility, Raines was on 380 ballots (86 percent). He started at 24.3 percent in 2008 and jumped from 55 percent in 2015 to 69.8 percent last year. 'Last night probably the worst night I've had out of the 10 years,' he said. 'I knew I was close, but I wasn't sure.' Rodriguez , at 45 the youngest current Hall member, received 336 votes (76 percent) to join Johnny Bench in 1989 as the only catchers elected on the first ballot. '''I've been having trouble sleeping for three days,' the popular Pudge said. 'Johnny Bench was my favorite player growing up.' Hoffman was five votes shy and Guerrero 15 short. 'Falling short of this class is disappointing,' Hoffman said in a statement. 'I am truly humbled to have come so close. I hope to one day soon share a Hall of Fame celebration with my family, friends, teammates and all of San Diego.' Edgar Martinez was next at 58.6 percent, followed by Clemens at 54.1 percent, Bonds at 53.8 percent, Mike Mussina at 51.8 percent, Curt Schilling at 45 percent, Lee Smith at 34.2 percent and Manny Ramirez at 23.8 percent. Players will be inducted July 30 during ceremonies at Cooperstown along with former Commissioner Bud Selig and retired Kansas City and Atlanta executive John Schuerholz, both elected last month by a veterans committee. Bagwell was a four-time All-Star for Houston, finishing with a .297 batting average, 401 homers and 1,401 RBIs. Among 220 Hall of Fame players, he is the 50th who spent his entire career with one big league team. Raines, fifth in career stolen bases, is just the fifth player elected in his final year of eligibility after Red Ruffing (1967), Joe Medwick (1968), Ralph Kiner (1975) and Jim Rice (2009). Raines was a seven-time All-Star and the 1986 NL batting champion. Raines hit .294 with a .385 on-base percentage. He spent 13 of 23 big league seasons with the Montreal Expos, who left Canada to become the Washington Nationals for the 2005 season, and joins Andre Dawson and Gary Carter as the only players to enter the Hall representing the Expos. Rodriguez, a 14-time All-Star who hit .296 with 311 homers and 1,332 RBIs, was never disciplined for PEDs but former Texas teammate Jose Canseco alleged in a 2005 book that he injected the catcher with steroids. Asked whether he was on the list of players who allegedly tested positive for steroids during baseball's 2003 survey, Rodriguez said in 2009: 'Only God knows.' Bonds, a seven-time MVP who holds the season and career home run records, again saw his vote percentage climb, as did Clemens, a seven-time Cy Young Award winner. Bonds was indicted on charges he lied to a grand jury in 2003 when he denied using PEDs, but a jury failed to reach a verdict on three counts he made false statements and convicted him on one obstruction of justice count, finding he gave an evasive answer. The conviction was overturned on appeal in 2015. Clemens was acquitted on one count of obstruction of Congress, three counts of making false statements to Congress and two counts of perjury, all stemming from his denials of drug use. 'Barry Bonds was the best player I played against in my entire life,' Bagwell said. Several notable players will join them in the competition for votes in upcoming years: Chipper Jones and Jim Thome in 2018, Mariano Rivera and Roy Halladay in 2019, and Derek Jeter in 2020. Lee Smith, who had 478 saves, got 34 percent in his final time on the ballot. Jorge Posada, Tim Wakefield and Magglio Ordonez were among the players who got under 5 percent and fell off future ballots. .....»»

Category: sportsSource:  abscbnRelated NewsJan 18th, 2017

Corporate News: PSE pushes for inclusion of index stocks in list of PERA investments

THE BOURSE is pushing for the inclusion of securities comprising the Philippine Stock Exchange index (PSEi) in the initial list of investment products for personal equity retirements accounts (PERA)......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2017

Stock Market: PSEi slips further on profit taking, Trump speech

STOCKS traded in the red for the second straight session, as investors continued to secure gains from previous rallies and ahead of the inauguration of billionaire Donald J. Trump as the 45th President of the United States......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2017

Stock Market: PSEi settles above 7,300, highest in 2 months

LOCAL STOCKS advanced for the sixth straight session, with the main index rising above the 7,300 mark and hitting a two-month high, as investors continue picking up oversold issues and remain positive on the world economy's prospects......»»

Category: financeSource:  bworldonlineRelated NewsJan 10th, 2017

FIFA to expand World Cup to 48 teams in 2026

GRAHAM DUNBAR, AP Sports Writer br /> ZURICH (AP) — FIFA will expand the World Cup to 48 teams, adding 16 extra nations to the 2026 tournament which is likely to be held in North America. President Gianni Infantino's favored plan — for 16 three-team groups with the top two advancing to a round of 32 — was unanimously approved Tuesday by the FIFA Council. It meets Infantino's election pledge of a bigger World Cup, and should help fund promised raises for FIFA's 211 member federations. With 80 matches instead of 64, FIFA forecasts the equivalent of $1 billion extra income at current rates from broadcasting and sponsor deals, plus ticket sales, compared to $5.5 billion revenue forecast for the 2018 World Cup in Russia. FIFA projects an increased profit of $640 million despite some extra operating costs and prize money for teams. FIFA's six continents should find out by May how many extra places they will each get. UEFA wants 16 European teams at the tournament, which is strongly favored to be played in North America. The CONCACAF region has not hosted the World Cup since the 1994 tournament in the United States. American, Canadian and Mexican soccer leaders have had informal talks about a co-hosting bid. Africa and Asia could be winners in a bigger World Cup with up to nine places each. They had only five and four teams, respectively, at the 2014 World Cup in Brazil. Still, FIFA said it expects the standard of soccer to drop compared to the 32-team format locked in for the next two World Cups in Russia and Qatar. The 'absolute quality' of play, defined by high-ranked teams facing each other most often, is achieved by 32 teams, FIFA acknowledged in a research document sent to members last month. It made 10,000 tournament simulations to reach that conclusion. Instead, Infantino wants to create fervor and months of anticipation back home in the 16 extra nations which would qualify, some probably making their World Cup debut. FIFA has pointed to Costa Rica, Wales and Iceland as examples of teams which overachieved at recent tournaments. FIFA must break with soccer tradition to make its new format work after an original 48-team plan — with an opening playoff round sending 16 'one-and-done' teams home early — was unpopular. Instead, three-team groups will replace the usual groups of four to create simple progress to a knockout bracket. However, it leaves one team idle for final group games and could risk collusion between the other two teams. FIFA said it could guard against result-rigging by introducing penalty shootouts after group games that end in draws. Despite the 16 extra games, FIFA believes the current maximum of stadiums needed will stay at the 12 used by Brazil and Russia. However, the demand for more training bases and hotels means developed countries would be better equipped to win future hosting contests. North America is the strong favorite for 2026 because European and Asian countries are blocked by a FIFA rule excluding continents which hosted either of the two previous tournaments. Russia will host the World Cup next year and Qatar in 2022. South America has been focused on a centenary tournament including original 1930 host Uruguay, and African nations are seen as lacking existing capacity and unlikely to fund multi-billion dollar infrastructure spending. .....»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2017

FIFA set to approve bigger, richer World Cup on Tuesday

GRAHAM DUNBAR, AP Sports Writer   FIFA is set to make the World Cup bigger and richer, even if the price to pay is lower quality soccer. FIFA President Gianni Infantino hopes his ruling Council will agree Tuesday to expand the 2026 World Cup to 48 nations, playing in 16 groups of three teams. A decision could be delayed if some Council members demand to know exactly how many qualifying places each continent will get before agreeing to scrap the 32-team format. It has been successful, popular and profitable since 1998 and is locked in for the next two World Cups in Russia and Qatar. The prize of 16 extra places, and the biggest increases to Africa and Asia, has 'overwhelming' support from FIFA's 211 member federations, Infantino has said. Their promise of extra funding from Zurich could also be secured by FIFA's forecast 20 percent rise in rights fees paid by broadcasters and sponsors. 'Financially, the 48-team format is the most appealing or successful simply because the sporting element is prevailing and every match is important,' Infantino said two weeks ago. 'The decision should not be financially driven, neither in terms of revenue or costs ... but the driver should really be the development of football and boosting football all over the world.' World Cup champion Germany is not in favor. It argued that diluting the number of European and South American teams — which won all 20 titles since 1930 — could 'strengthen the imbalance' seen at some tournaments. 'The (German soccer federation) fundamentally believe that the current 32-team format is the best option,' its president Reinhard Grindel said last week. Germany has no delegate at Tuesday's meeting though Grindel is set to join the FIFA Council in May. FIFA acknowledged the risk of lower standards in a research document sent to members last month, as first reported by The Associated Press. The 'absolute quality' of soccer, defined by high-ranked teams playing each other most often, is achieved by 32 teams, FIFA said, citing 10,000 tournament simulations made to reach that conclusion. Still, Infantino promised voters more World Cup places and funding raises before his election last February. FIFA expects $5.5 billion income tied to the 2018 World Cup in Russia, though 25 of 34 sponsorship slots are unsold. The research document predicted the equivalent of $6.5 billion revenue from a 48-team tournament in the '16x3' format, which would send two teams from each group to a new Round of 32 knockout bracket. All 80 matches would play in an exclusive time slot. Currently, 64 World Cup matches have 56 broadcast slots because the eight four-team groups play their last matches simultaneously. FIFA predicts organizing costs for '16x3' rising from $2 billion to $2.3 billion, giving a potential profit rise of $640 million. Though a '16x3' World Cup would still need a maximum of 12 stadiums, the demand for 16 more top-quality training camps and hotels suggests FIFA would look for 2026 hosts with existing capacity. A North American bid from two or three of the United States, Canada and Mexico is currently favored in a contest that could start within weeks. Five options are open Tuesday, including staying with 32 teams. Infantino campaigned last year on a 40-team promise, in either eight groups of five teams or 10 groups of four teams. Neither impressed voters in recent regional meetings of FIFA member federations. When the FIFA leader first proposed 48 teams, it included an opening playoff round. The 16 winners would join 16 seeded teams in a traditional 32-team group stage. FIFA members disliked 'one-and-done' teams going home before the 'real' World Cup kicks off. It would also stretch to a 39-day event with more short-notice travel for fans. Africa and Asia could be the big winners, and FIFA hopes new teams would include another Iceland, Wales and Costa Rica — over-achieving teams and feelgood stories at recent tournaments. Still, hapless Tahiti was outclassed at the 2013 Confederations Cup, conceding 24 goals in three games. 'The goal of expanding the FIFA World Cup,' it has told members, 'is to further advance the vision to promote the game of football, protect its integrity and bring the game to all.' ___ Entry quotas for 2018 World Cup: Europe 14 (including host Russia to qualify direct); Africa 5; Asia and South America 4.5 each; North, Central America and Caribbean 3.5; Oceania 0.5. .....»»

Category: sportsSource:  abscbnRelated NewsJan 8th, 2017

A guide to FIFA's options for expanding the 2026 World Cup

GRAHAM DUNBAR, AP Sports Writer   FIFA is preparing to decide Tuesday on adding 16 more teams to the 2026 World Cup for a 48-team tournament. President Gianni Infantino's favored format would break with soccer tradition to play in groups of only three teams. Two would advance from each group to a Round of 32 knockout bracket. If agreed by the Infantino-chaired FIFA Council in Zurich, the 2026 hosting contest could formally open in weeks. A co-hosted North American bid is widely seen as the best option. Here are some things to know about overhauling the greatest competition in the world's most popular sport: ___ WHY EXPAND? A bigger World Cup was an Infantino campaign promise before his election last February, when his plan was 40 teams. It might have been key. Infantino's momentum for victory in a second-round poll was a three-vote lead over Sheik Salman of Bahrain in the first. Sheik Salman had promised only to review if more World Cup teams were wanted. Infantino also pledged to give more of FIFA's money to member federations — all 211 are now entitled to $5 million from each World Cup — and send more to continental and regional soccer bodies. So, more teams also had to mean more games, earning more revenue from broadcasters and sponsors. The '16x3' format arguably works better with only group winners advancing. But that would leave total matches unchanged at 64. Infantino also wants to create fervor in the extra countries which would qualify. In the short-term, competing national teams attract more sponsors. The long-term goal is appealing to more young people who are the future players, fans and officials. Expect to hear much FIFA talk of helping the next Costa Rica or Iceland — feelgood stories at the 2014 World Cup and Euro 2016 — by inviting 16 more teams to the party. ___ 48-TEAM OPTIONS A near-consensus is growing around the '16x3' option revealed just one month ago. All 80 games would be played in exclusive time slots. That's more hours of TV exposure for sponsors and sales time for broadcasters in the same 32-day tournament period. By advancing two teams from each group, a Round of 32 ensures most teams still play at least three matches. FIFA's own analysis predicts this format will raise revenue by 20 percent from the equivalent $5.5 billion forecast from the 2018 World Cup in Russia. The flaw for purists is planning for penalty shootouts to settle drawn group matches. If each game has a 'winner' that guards against teams colluding on a mutually favorable result in the last group games. Previously, Infantino suggested an opening playoff round of 16 matches to decide who would join 16 seeded teams in a traditional 32-team group phase. That was unacceptable to many FIFA members federations who said 'one-and-done' teams were not part of a real World Cup. It also would stretch the tournament to 39 days. ___ 40-TEAM OPTIONS Infantino's plan from one year ago is now almost friendless. Either of two options, 10 groups of four teams or eight five-team groups, gives lopsided or weak match schedules, FIFA judged. In '10x4,' only 76 matches are played and only six group runners-up advance from a muddled tiebreaker process to a Round of 16. In '8x5,' the 88 matches include meaningless ones in a flabby group phase ripe for collusion. Also, the four semifinalists would play eight matches and that workload is unacceptable to European clubs releasing employees to national-team duty. ___ PROVEN 32-TEAM FORMAT Why fix something that is not broken? Germany, the defending champion, has publicly asked this question. The 32-team format and perfect 64-match bracket has worked well since being introduced at the 1998 World Cup in France (where Europe had 15 teams). FIFA acknowledged that it produces the best soccer — 'the highest absolute quality' of games pitting high-ranked teams against each other. Recall that former winners Italy, England and Uruguay were drawn in the same 2014 World Cup group — and yet Costa Rica finished top. Still, enough of FIFA's 211 members want change and their chance to play. ___ WHO WILL PLAY? A big question is likely not being resolved Tuesday. FIFA has yet to announce exactly how many entry slots each of six confederations would get for their own qualifying program. Quotas for a 40-team World Cup were proposed in December 2015 by a FIFA advisory group that included Infantino, then UEFA's general secretary. Some saw a cynical move to sweeten skeptical FIFA voters who were being asked to vote through modernizing and anti-corruption reforms on the same day they picked a new president. Then, assuming a single host nation would get automatic entry, the proposal for sharing 39 qualifying slots was: Europe 14; Africa 7; Asia 6; South America 5; North, Central America and Caribbean 5; Oceania 1; plus a final slot awarded 'based on sporting merits using a method yet to be defined.' Going from 40 to 48 can add at least one more from each continent. Who could those new teams be? On current form, maybe Wales and Panama, Congo and Burkina Faso, Uzbekistan and Oman, will bring something new to the 2026 World Cup. .....»»

Category: sportsSource:  abscbnRelated NewsJan 8th, 2017

Stock Market: Stocks extend climb on Fed minutes, Wall Street

STOCKS sustained their rise on Thursday, with the Philippine Stock Exchange index (PSEi) posting a gain of more than 2%, as the local market tracked Wall Street's gains......»»

Category: financeSource:  bworldonlineRelated NewsJan 5th, 2017

Stock Market: PSEi tracks Asian markets' rally in thin trade

PHILIPPINE SHARES joined Asian stocks that rallied on Tuesday, in thin trade and with little to guide them as most major markets were closed on Monday for Christmas holidays......»»

Category: financeSource:  bworldonlineRelated NewsDec 27th, 2016

Stock Market: PSEi sinks to 6,500 level amid global volatility

LOCAL STOCKS stumbled on Thursday, with the main index sinking to the 6,500 level, amid global volatility and a lack of fresh leads to prompt a "Santa Claus" rally......»»

Category: financeSource:  bworldonlineRelated NewsDec 22nd, 2016

Stock Market: PSEi back above 7,000 ahead of ECB meeting

LOCAL STOCKS led the rallies in the Asian region on Thursday, with the main index surging above the 7,000 mark, as the market continued to track gains of US indices on expectations that the European Central Bank (ECB) will extend its stimulus campaign at .....»»

Category: financeSource:  bworldonlineRelated NewsDec 8th, 2016

‘Sirib’ scholars

Ilocos Norte Senior Board Member Matthew Marcos Manotoc hands out certificates to athletes and their parents who will benefit from the province’s Sirib athletic scholarship program for the school year 2017-2018. Around 50 athletes will get scholarsh.....»»

Category: newsSource:  thestandardRelated NewsDec 7th, 2016

Stock Market: PSEi declines anew on jitters ahead of Fed, OPEC

LOCAL SHARES resumed their slide yesterday as investors continued to dump stocks amid persisting uncertainties due to a change in government in the US under president-elect Donald Trump and rate hike plans by the Federal Reserve......»»

Category: financeSource:  bworldonlineRelated NewsNov 28th, 2016

Stock Market: Stocks rebound on bargain hunting after plunge

THE MARKET ended in the green yesterday as investors picked up bargains after the Philippine Stock Exchange index (PSEi) crashed to its weakest in six months following the victory of Donald Trump in the Unites States' presidential election......»»

Category: financeSource:  bworldonlineRelated NewsNov 10th, 2016

Stock Market: PSEi slides further on US, EU markets' weakness

STOCKS declined for a sixth consecutive session, weighed down by a slip in European markets and with US earnings expectations affecting overall sentiment......»»

Category: financeSource:  bworldonlineRelated NewsOct 27th, 2016

PSEi eases as investors take profits

MANILA, Philippines - Share prices eased yesterday, bucking the uptrend in most Asian stocks as investors took profits after the previous week’s rally......»»

Category: financeSource:  philstarRelated NewsOct 24th, 2016

Stock Market: PSEi to try to chase away gloom this week

LOCAL STOCKS are expected to tread water this week -- returning to 7,500 level at best, or at worst, breaching the 7,300 territory that could set off a fresh bout of heavy selling after Friday's reprieve, analysts said over the weekend......»»

Category: financeSource:  bworldonlineRelated NewsOct 16th, 2016

Political jitters weigh down stocks

MANILA, Philippines – The benchmark Philippine Stock Exchange index (PSEi) plunged 91 points to settle at 7,429.82 yesterday, just days since President Duter.....»»

Category: financeSource:  philstarRelated NewsOct 12th, 2016

PSEi rebounds as mining stocks recover

MANILA, Philippines – Share prices closed higher yesterday, buoyed largely by the recovery in mining stocks, analysts said......»»

Category: financeSource:  philstarRelated NewsSep 28th, 2016