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In a fracturing world, the biggest central banks still stuck together

WASHINGTON/TOKYO/FRANKFURT — The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression......»»

Category: financeSource: bworldonline bworldonlineSep 11th, 2019

The &'145;what if' spooking financial markets

LONDON -- Voter rebellions? A protectionist wave? Looming recession? Islamic militancy? Perhaps the biggest shock to world markets now would be if central banks met their inflation goals......»»

Category: newsSource:  bworldonlineRelated NewsAug 3rd, 2016

Americans top Antetokounmpo, Greece at World Cup 69-53

By Tim Reynolds, Associated Press SHENZHEN, China (AP) — Kemba Walker scored 15 points, Donovan Mitchell scored 10 on his 23rd birthday and the U.S. contained NBA MVP Giannis Antetokounmpo, defeating Greece 69-53 in a second-round game at the World Cup on Saturday. Harrison Barnes and Derrick White each scored nine for the U.S. (4-0), which can clinch a quarterfinal berth Monday in multiple ways. It needs either a win over Brazil or a Greece win over the Czech Republic or through a three-way tiebreaker, if necessary. Antetokounmpo, the Milwaukee Bucks star and reigning NBA MVP, scored 15 points but Greece (2-2) was eliminated from contention for a spot in the quarterfinals. The U.S. national team has won 57 consecutive games in international tournaments with NBA players, starting with the 2006 world championships bronze-medal game and continuing through every FIBA Americas, world championships, World Cup and Olympic event since. The streak started after a 101-95 loss to Greece in 2006 — a defeat that forced the U.S. to change its program. The Americans haven’t lost in the biggest tournaments since. “I thought we played well,” Walker said. “Stuck to the game plan.” Antetokounmpo’s eyes were closed as he mouthed along with the words of Greece’s national anthem. After the U.S. anthem played and the rosters from both sides met at midcourt for the customary pregame exchange of gifts, the NBA MVP shook hands with Bucks teammate Brook Lopez and gave him a quick hug. Other than that, there was no pregame interaction between Antetokounmpo and the Americans. He was super-aggressive from the jump, spinning his way to a layup on the first possession, making a 3-pointer on Greece’s second possession and he got fouled on a baseline drive on the next trip down the floor. So that was five points in the first 43 seconds for Antetokounmpo. He scored four in his next 18 minutes of playing time. The Americans kept a steady stream of different looks coming at the MVP — who was guarded in the first half alone by Harrison Barnes, Khris Middleton, Jaylen Brown, Marcus Smart and Myles Turner. The Celtics players, perhaps mindful of what he did against them in last season’s playoffs, held him scoreless in the half and the U.S. went into the break with a 38-25 lead. Antetokounmpo had a steal and dunk late in the third, which got plenty of fans out of their seats and Greek fans waving flags. But the outcome was never in doubt, and the MVP was on the bench for the entire fourth quarter in a somewhat puzzling move. TIP-INS U.S.: Mitchell’s birthday came a day after Joe Harris turned 28. ... Smart, who has twice missed time with leg injuries this summer, slipped and fell as he chased a loose ball out of bounds with 1:11 left in the first. He stayed in the game. ... The U.S. shot only 36%. Greece: The outcome came five years to the day after the Greeks were ousted by Serbia in the Round of 16 at the 2014 World Cup. ... Nick Calathes became the third Florida player to be part of a loss to the U.S. this summer; Andrew Nembhard played in the Americans’ pre-World Cup win over Canada in Australia, and Scottie Wilbekin played for Turkey in its overtime loss to the U.S. in the group stage. HOLDING LEADS Through four games, the U.S. has trailed for all of 7 minutes, 48 seconds — out of a possible 165 minutes. The Americans have led for 147:02, and games have been tied for 10:10. CLAMPING DOWN The U.S. has held Japan and Greece to a combined 98 points in the last two games. That represents the fewest points the U.S. has allowed in consecutive games of a major international tournament since the 1988 Olympics, when the Americans gave up 92 in a two-game stretch against Egypt and Puerto Rico. UP NEXT U.S.: Face Brazil (3-1) in a second-round finale Monday in Shenzhen. Greece: Face the Czech Republic (3-1) in a second-round finale Monday in Shenzhen......»»

Category: sportsSource:  abscbnRelated NewsSep 7th, 2019

2019 FIBA World Cup Group B Preview

With just about a week to go before action tips off at the 2019 FIBA Basketball World Cup in 8 different Chinese cities, it's time to look at each of the groups, gauge the teams' respective depths, and project how they will fare on the biggest stage of international basketball. Here we will look at Group B, which will be hosted in Wuhan, the most populous city of Central China, where a pair of traditional basketball powerhouses are looking to dominate the competition.  Note: In each of these group previews, the teams will essentially be ranked based on their confirmed rosters/pools and their most recent tune-up game results. Favorite: Argentina The Argentines are poised to be not just the best team in their group but perhaps the best team from Groups A and B that will enter the Quarter-Finals. The most familiar name on coach Sergio Hernandez's roster will be former Houston Rocket Luis Scola, who at 39 years old, is among the oldest players in the World Cup. Forming a terrific tandem with him will be prolific point guard Facundo Campazzo of Real Madrid, who in his prime, should be one of the team's main stars. The 28-year-old, after all, wasn't named Spanish Liga Endesa Finals MVP for no reason. This is a team with a rich tradition, having won the first ever World Cup in 1950 and famously finishing a close second in 2002. This unit is coming in hot, winning the 2019 Pan-Am Games, too. Contender: Russia Russia is ranked #10 in FIBA's World Rankings for Men, and though they haven't created as much fanfare as other teams, this is a squad that will contend. Despite being drawn with a bit of a stronger Argentine quintet, the Russians are still favored to advance as far as the Quarter-Finals owing much to the weakness of the other teams in Group A, which they will face in the second round. 6'8" wingman Sergey Karasev of BC Zenit Saint Petersburg will likely be their top gunner along with CSKA Moscow big man Semen Antonov. Dark Horse: Nigeria I want to be super high on Nigeria because of their NBA pedigree, but their inexperience at advancing deep and their off-court distractions may be enough to neuter their innate talent. Portland Trail Blazer Al-Farouq Aminu will be the face of D'Tigers in China, and he should be backstopped by San Antonio Spur Chimezie Metu and Minnesota Timberwolf Josh Okogie. The soon-to-be-21-year-old Okogie, in particular, is built to be a star. He actually represented Team USA in the 2017 FIBA U19 World Cup before being cleared to join Nigeria this year. Coach Kevin Burleson has such a deep roster at his disposal, but the big question is can they have enough focus to harness all that potential and parlay it into something truly special? Underdog: South Korea The Koreans were certainly one of the most impressive teams at the Asian Qualifiers, but that didn't help their fortunes at the World Cup Draw. Now the traditional East Asian powerhouse will face staggering odds against top 10 teams Argentina and Russia as well as loaded Nigeria. Former PBA import Ra GunA proved to be a great addition to the national team, but when ranged against bigger, better foes, he may seem pedestrian. This is a team led by some of the country's top veterans along with a sprinkling of rising stars, but even that may not help their cause of advancing past the group stage. Overall, Argentina and Russia are the easy picks to advance from Group B, though Nigeria can't be overlooked. The Koreans are really the odd men out, and only a miraculous string of performances will help them alter their fates......»»

Category: sportsSource:  abscbnRelated NewsAug 26th, 2019

Down and out Down Under, US seem vulnerable for World Cup

By Tim Reynolds, Associated Press The U.S. men’s basketball team had never lost to Australia. It had gone nearly 13 years without losing a game with an NBA-stocked roster. It was in the midst of the longest winning streak in team history. Until Saturday. The Americans went Down Under, and went down. Australia beat the U.S. 98-94 before a crowd of more than 52,000 in Melbourne, an outcome that ended the Americans’ 78-game winning streak and cast major doubt on the team’s ability to capture a third consecutive World Cup in China. “Nobody wins forever,” USA Basketball coach Gregg Popovich said. The last time the Americans — counting major international tournaments and exhibitions with NBA players on the floor — lost a game was the semifinals of the 2006 world championships. The program has won gold in every competition since, including three straight in the Olympics and two consecutive World Cup titles. But now, the gold standard of international basketball looks unusually vulnerable. “It’s a friendly so we want to keep it in context,” Australia center Andrew Bogut said. “But we did make history tonight, the first senior men’s Australian team to beat an American team.” Popovich said all the right things after the game. He lauded the Australian players and those tasked with putting their team together. He raved about Patty Mills, who scored 30 points to lead the Boomers to their biggest win. He good-naturedly vowed that when he and Mills get back to San Antonio, where they’ve been together as coach and guard for the last eight years, he will find a way to exact revenge. More seriously, though, he sounded an alarm for the Americans. “The loss means that we need to play better,” Popovich said. “It’s a measure of who you are.” And who they are is still to be determined. The U.S. has played three exhibitions on their pre-World Cup tour, and Popovich has used three different starting lineups. The rotation is not clear, not even to the coaches. Players — most never having been teammates until this month — are figuring out their individual roles and the broader scheme. “I think when you look at international play, every team, they kind of have their calling card of what they fall back into, their system, their sets,” U.S. forward Harrison Barnes of the Sacramento Kings said. “For us, we’re still getting to that point.” There’s time for that. A little time, anyway. The final exhibition for the Americans is Monday against Canada in Sydney. Once the U.S. gets to Shanghai, its first three World Cup games shouldn’t be overly taxing — the Americans are ranked No. 1 in the world while group opponents Turkey, the Czech Republic and Japan are ranked 17th, 24th and 48th, respectively. From there, the tests figure to ramp up quickly. Serbia, France, Greece, Spain and now the Australians all arrive in China as legitimate title hopefuls. With most of the top U.S. stars from the NBA like LeBron James, James Harden, Paul George and Stephen Curry sitting out this summer, the rest of the world clearly isn’t stuck playing for second place. “You can learn as much or more from losing as winning,” Popovich said. “We’re all used to winning and losing. The USA has been a little bit different over the last 12 years — they’re only used to winning. So hopefully we can get back on that track.” Since training camp started three weeks ago in Las Vegas, Popovich has expressed concern about the task of molding individuals into not just a cohesive unit but one good enough to win the World Cup. He warned it wouldn’t be easy. Saturday’s outcome proved him right. “This is a group of guys that’s worked very hard to get to know each other and get to know a system,” Popovich said. “And whatever comes, we can handle. Our job is to try to get better every day and we learned some things tonight. We’re actually a better team now than at the start of the game because of the knowledge that we gained. So you move on.”.....»»

Category: sportsSource:  abscbnRelated NewsAug 24th, 2019

Lowry s British Open win caps off big year in majors

By Doug Ferguson, Associated Press PORTRUSH, Northern Ireland (AP) — Winning the British Open didn't sink in right away for Shane Lowry. It apparently didn't take long. A celebration that began on the 18th fairway of Royal Portrush extended well into the night in Dublin. The European Tour posted a video on Twitter of Lowry, still dressed in all black from his final round with his cap flipped back. He was holding the claret jug in his right hand and a beer in his left as he belted out "The Fields of Athenry," an Irish folk ballad that has become popular for Irish sports fans. About last night...@ShaneLowryGolf #TheOpen pic.twitter.com/zdXW66yetz — The European Tour (@EuropeanTour) July 22, 2019 It might as well have been a celebration for all the majors this year. Nothing could top Tiger Woods in the Masters, which dwarfed an otherwise four-month stretch of compelling outcomes. Brooks Koepka had a major season not seen since before Woods began having surgeries, and the run is not over. He joined Woods as the only back-to-back PGA Championship winners in stroke play. He had chances in the final hour at the Masters and U.S. Open. And he was three strokes behind going into the weekend at the British Open, where he wound up in a distant tie for fourth. Thanks to the PGA Championship moving from August to May, all Koepka has done in the last 12 months is win two majors, finish runner-up in two others and tie for fourth. Along the way, he joined some elite company. Koepka, Woods, Jordan Spieth and Jack Nicklaus are the only players to finish no worse than fourth in all four majors in the same year. "This week is disappointing, but the rest of them ... it's been great," Koepka said Sunday. "I'm not going to lie. It's been fun." Lowry and Gary Woodland were first-time major champions, making it five straight years of at least two players winning majors for the first time. Their victories were special in their own right. Already popular with his peers, Woodland won over golf fans around the world with his gracious support of Amy Bockerstette, the 20-year-old with Down syndrome who played one hole with him in the Phoenix Open pro-am and made par from a bunker on the 16th hole. She also inspired him with three words that he kept thinking about in the final round of the U.S. Open at Pebble Beach: "You got this." Lowry wrote the perfect ending to the return of the British Open to Northern Ireland after 68 years. Sure, the focus of a sellout crowd at Royal Portrush was on Rory McIlroy, Graeme McDowell and Darren Clarke at the start. But as Lowry so beautifully and simply said when his name was on the claret jug, "Everyone knows we're all one country when it comes to golf." Woods should win anyone's award for best performance, even in the year of a World Cup when England's victory in cricket was amazing. It just doesn't seem that way. Rewind to April and find Woods trailing by two shots going into the final round of the Masters, a position from which he has never won. It had been two years since he suggested at the Champions Dinner he was done, only to fly across the Atlantic in a desperate search for help before realizing fusion surgery — the fourth procedure on his lower back — was the only route to a healthy life. Then he capped off his comeback with a flawless back nine to win a fifth green jacket and a 15th major, three short of the record set by Nicklaus. And then he took a month off and missed the cut at the PGA Championship. He tied for 21st in the U.S. Open at Pebble Beach, but only because of six birdies on his last 12 holes. He took a vacation to Thailand, spent a month away from golf and then missed the cut in the British Open. It was a reminder that while Woods is able to win on the biggest stage — none bigger than Augusta National — he also has weeks where his back or his game, and sometimes both, don't allow him to contend. "Things are different," he said before leaving Portrush. "And I'm going to have my hot weeks. I'm going to be there in contention with a chance to win, and I will win tournaments. But there are times when I'm just not going to be there." It doesn't look great now. It will later. Golf now waits nearly nine months until the next major. The longer the year goes on, the stronger memories will be of what he did at the Masters far more than the other three. If there was disappointment, look no further than McIlroy, who finished a combined 25 shots behind in the Masters, PGA Championship and U.S. Open, and lasted only two days at Royal Portrush. Ditto for Dustin Johnson, still stuck on one major, which stings even more considering he had a pair of runner-up finishes. A generation ago, Colin Montgomerie said it was tough to win majors because of Woods, which meant fewer opportunities for everyone else. That's truer now than it was then. Spieth has gone two years without winning anything. Justin Thomas was slowed by injury. It's tough to win. Tougher still is waiting 263 days from the end of the British Open to the start of the Masters......»»

Category: sportsSource:  abscbnRelated NewsJul 23rd, 2019

Fitch: Banks to ride PHL’s ‘robust’ growth

THE PHILIPPINES’ “fairly robust” economic growth -- though below official target so far -- can be expected to generate profit and expansion opportunities for banks in the country, Fitch Ratings said on Thursday, adding that liquidity conditions will likely ease further due to central bank steps to loosen monetary policy in step with much of the world......»»

Category: financeSource:  bworldonlineRelated NewsJul 4th, 2019

For US men, Gold Cup finally brings chance for revival

By Dave Campbell, Associated Press BLAINE, Minn. (AP) — The overarching goal for the fledgling U.S. men's soccer team, as frequently stated by new coach Gregg Berhalter, has been to improve the perception of this sputtering program within the cutthroat hierarchy of global soccer. Though a strong performance in the CONCACAF Gold Cup probably won't move the needle much, the Americans surely would benefit, simply, from winning. Their opening game against Guyana on Tuesday night at Allianz Field in St. Paul, the new home of Major League Soccer's Minnesota United, will mark the first competitive match for the U.S. since the infamous defeat at Trinidad and Tobago on Oct. 10, 2017, that kept the team for qualifying for the 2018 World Cup. It follows a stretch of 18 consecutive friendlies. "There will be some nerves, but for us it's just about continuing to make progress throughout this tournament," Berhalter said last week after a training session at the National Sports Center in Blaine, a suburb of Minneapolis. "I think part of our profession is playing under pressure, playing in big events, and this is a great opportunity for us to learn." The 20-month gap between competitive games is the longest for the Americans since a 38-month span following a loss to Costa Rica on May 31, 1985, their final qualifier for the 1986 World Cup. Their next match that counted was a draw at Jamaica on July 24, 1988, their first qualifier for the 1990 World Cup. The U.S. won the biennial Gold Cup in 2017, a sixth title in 14 editions of the championship of North and Central America and the Caribbean. Mexico, the clear favorite, has won seven such crowns. Before any mental energy can be spent on assessing the ability to compete with their border rival to the south, though, the Americans, who are ranked 30th in the world, must advance from the group stage. On the surface, Panama (75th), Trinidad and Tobago (92nd) and Guyana (177th) don't appear to be daunting competition, but the way the U.S. team played this month in exhibition losses to Jamaica (1-0) and Venezuela (3-0) there will be no guarantees of automatic wins. The Americans are missing injured players DeAndre Yedlin, John Brooks and Tyler Adams, all first-choice starters. "If it doesn't go well you can just feel that more pressure is going to build, more questions will be asked, more scrutiny will be on Berhalter and the federation, and the outside noise is only going to get louder," said former U.S. midfielder Stu Holden, now a Fox analyst. "That's why it's really important that this team has a really good showing in this tournament." With the U.S. women leading their side of the world rankings and off to a dominant start this month in France at the Women's World Cup , the men's team won't be able to avoid the comparison game. The Americans can't mute the fan angst that has followed them for nearly two years, either, but they can at least take a meaningful step forward in the Berhalter era by displaying some potential within the pressing, possession-prioritized style he has rolled out . "We want to progress. Of course that also means winning the games, but we want to develop our style," midfielder Weston McKennie said. "Our goal is to make people see U.S. Soccer as something different as what they see now, probably." McKennie is one of the 20-year-old up-and-comers the program has staked itself to in the quest to not only return to the World Cup in 2022 but do some damage on the sport's biggest stage. The other, of course, is Christian Pulisic , who is joining English Premier League power Chelsea from Germany's Borussia Dortmund for a $73 million transfer fee. That is a record price for an American player. Veterans of the national side like Jozy Altidore and Michael Bradley are still around, among just six holdovers from the roster that went to Trinidad. They are joined by Pulisic, defenders Omar Gonzalez and Tim Ream, and forward Paul Arriola on what has become a youngster's team. Getting this team in sync, socially and psychologically, might be just as important of a task for Berhalter as with the technical implementation of his system. "In warmups, they have to give each other high-fives," Berhalter said. "We do team events off the field, like going to movies together and going to restaurants together. I think that's really important to build that team chemistry." Now more than ever. "Everyone right now outside has their opinions about us, and the past couple of games, and that's perfectly fine," forward Paul Arriola said. "For us the message stays the game, and it's staying together as a team. That's how you're going to win an international tournament.".....»»

Category: sportsSource:  abscbnRelated NewsJun 18th, 2019

Leonard stars in Raptors Game 3 adjustments

By John Schuhmann, NBA.com TORONTO -- Kawhi Leonard has grown into one of the best offensive players in the world, a machine that ranks second in this postseason in scoring (32.0 points per game), with an ultra-efficient true shooting percentage of 65.5 percent (third-best among players with at least 50 postseason field goal attempts). But what makes Leonard truly special is how good he can be on both ends of the floor ... in the playoffs ... having played more than 50 minutes ... while hobbled by a leg injury ... and with his team's season on the line. [Watch the Playoffs on NBA League Pass for 30% less with this limited time offer! Select Annual package and use code SAVE30 at checkout to redeem] The Toronto Raptors are still alive in the Eastern Conference finals, having escaped with a 118-112, double-overtime victory in Game 3 on Sunday (Monday, PHL time). They're still alive because Marc Gasol finally made the shots the Milwaukee Bucks have been daring him to shoot all along, because Pascal Siakam had his best game of the series, and because Fred VanVleet and Danny Green picked timely moments for their only buckets on a night in which they combined to shoot 2-for-20. But mostly, the Raptors have a chance to even this series in Game 4 because Leonard was the better of the two superstars on the floor. And he was just that, in part, because he was defending the other one. Through the first two games of the series, Pascal Siakam has been the primary defender on Giannis Antetokounmpo, with Leonard defending Khris Middleton. Antetokounmpo hadn't exactly gone wild in the first two games (totaling 54 points and 11 assists), but the Raptors needed to change something. And the primary adjustments in Game 3 were in the matchups. On the first possession, Leonard was guarding Antetokounmpo, Siakam had shifted over to Eric Bledsoe, and Kyle Lowry had taken the Middleton assignment. Things didn't stay that way all game long. The Raptors switched often and couldn't worry about matchups when defending the Bucks in transition. And no matter who the initial defender is, guarding Antetokounmpo is always a five-man job, with the other four needing to be ready to help on Antetokounmpo's relentless attacks of the basket. "One man can't guard him," Leonard acknowledged. "It takes the whole team." But in regard to 1-on-1 defense, Leonard is the best that the Raptors have. And the adjustment worked. The Bucks scored just seven points on their first 13 possessions of Game 3 and only three of their 26 first-quarter shots came in the restricted area. "We wanted to take a look at it early to see how it looked," Nurse said of the Antetokounmpo-Leonard matchup. "It looked pretty good, so we stuck with it." Leonard played Antetokounmpo tighter than the MVP favorite had been defended in the first two games. "He was up and not giving him quite as much runway to get flying off of," Nurse said. "But so were the other guys that ended up on him in a switch or in different parts of the game. They were all a little bit more locked in. We took steps forward to get physical. The other night we were backing away from everything." The Bucks punished the Raptors with a few transition three's and eventually got to the basket. But their 112 points on 120 possessions was their second-worst offensive output of the postseason. Antetokounmpo, who entered Game 3 averaging a postseason-best 15.1 points in the paint per game, finished with just 10 points in the paint on Sunday (Monday, PHL time). It wasn't his lowest total of the postseason, but it was a low mark considering the season-high 45 minutes that he played before fouling out on the Raptors' first possession of the second overtime. The 8.1 points in the paint per 36 minutes were Antetokounmpo's third-lowest output in his 84 games this season. Leonard, meanwhile, scored a game-high 36 points despite suffering an apparent left leg injury less than three minutes in, either on the take-off or the landing of a fast-break bucket after one of Milwaukee's 20 turnovers. He looked hobbled for the rest of the night, but a hobbled Kawhi Leonard is still the best that the Raptors have. "Obviously, he wasn't moving very fast," VanVleet said. "But if he's out there, he's good enough." And he was, seemingly, all the Raptors had offensively late in the game. When they couldn't get him the ball in the post against Malcolm Brogdon, he had to go out to the perimeter to get it. Most of the iso-ball stuff didn't work, but all the work the Raptors' did defensively eventually allowed them to break through in the second overtime. With the Raptors up one and a little more than three minutes to go, Bledsoe got a switch onto Gasol and attacked. Danny Green came from the weak side to help, leaving Brogdon wide-open in the corner. That's where Bledsoe was looking to go with it, but Green got his hand on the pass, Leonard picked up the loose ball, and raced down the floor for a lefty dunk over Nikola Mirotic. Three possessions later, Toronto's lead was back to one point when Middleton got a switch onto VanVleet. Leonard came over to double and deflected the pass. Brogdon was the first to get to the loose ball, but Leonard snatched it away from him and took it the other way for another dunk. "His defense was probably the biggest key of the game," Nurse said of Leonard. "Offense was hard to come by there for both teams for a while, and any time you can get a steal and a breakout, it's a huge momentum play." In 568 career games prior to Sunday (Monday, PHL time), Leonard had never played more than 46 minutes. He played 52 minutes and eight seconds in Game 3, and the Raptors needed every last bit of it. They'll need more in Game 4 on Tuesday (Wednesday, PHL time), and they'll have to hope that Leonard can recover in the next 48 hours. "Fifty-two minutes and it's in the playoffs," Leonard said, "so you definitely feel it. When you play 30 minutes, you feel it still. You just got to not worry about it, get my treatment and move on to the next one." There was always going to be a next one. But Leonard and the Raptors have made sure that Game 4 won't be the last one. 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 NewsMay 20th, 2019

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 9th, 2017

Hello, Cleveland: Indians welcome slugger Encarnacion

TOM WITHERS, AP Sports Writer br /> CLEVELAND (AP) — With his family watching proudly, Edwin Encarnacion stood in front of his new locker inside Cleveland's clubhouse, pulled on a fitted cap and slowly buttoned the front of his white No. 10 jersey. Once finished, he pointed to the 'Indians' logo on his chest and flashed a huge smile as cameras clicked. It felt seamless. 'He's a perfect fit for our team,' Indians president Chris Antonetti said Thursday. In so many ways. The Indians, accustomed to being outspent for high-priced free agents winter after winter, introduced Encarnacion, a premium player for the middle of their lineup who will boost attendance and maybe help them win the World Series. One of baseball's most productive hitters over the past five years, Encarnacion finalized a $60 million, three-year contract — the richest in Cleveland history — with a team that got to Game 7 of the Series last season. Encarnacion's deal would be worth $80 million over four years if the Indians exercise a $25 million option for 2020 that includes a $5 million buyout. There are also attendance bonuses built in as both the Indians and Encarnacion's agent, Paul Kinzer, recognized the three-time All-Star's ability to spin turnstiles. 'He's a quiet guy that just goes out and grinds every day,' Kinzer said. 'This is a blue-collar town and he's a blue-collar guy. Cleveland is going to love him.' Encarnacion averaged 39 homers and 110 RBIs over the past five seasons with Toronto, which made it to the AL Championship Series last season only to be eliminated in five games by the Indians. Encarnacion, who turns 34 on Saturday, watched Cleveland's players celebrate at Rogers Centre that day in October not ever imagining he would be joining them a little more than two months later. But while he figured to land with Boston or Texas or in another major market, Cleveland's pitch was the most persistent. And although the first baseman and designated hitter could have made more money elsewhere, Encarnacion wanted to join a winner. The Indians, with one of the majors' best pitching staffs and a lineup featuring young stars in Francisco Lindor and Jason Kipnis, are positioned to contend for years. 'That's why I came here,' Encarnacion said. 'I believe in this team and I know we can win the World Series with the talent that we have.' The Indians' courtship of Encarnacion began with owner Paul Dolan's commitment to building on the momentum created by the team's AL Central title and first Series appearance since 1997. Cleveland was boosted by cleanup hitter Mike Napoli, who set career highs in homers and RBIs during his one season with the Indians. There were better options available and, after deciding not to re-sign Napoli, the Indians focused on Encarnacion, who hit 42 homers and drove in 127 runs last season. Antonetti didn't have to sell Dolan on Encarnacion's obvious talents. The challenge was convincing him that the slugger was worth a long-term financial obligation. 'It took a lot of work to make that happen, both compromises from our side and compromises from Edwin's side to make this fit and be the right fit for both teams,' Antonetti said. 'And it took a great leap of faith by ownership to make that extraordinary investment.' It also took some clever negotiating. As the sides were nearing a deal, Oakland made a $50 million, two-year offer that caused the Indians to counter. Kinzer proposed an attendance clause, a suggestion Antonetti initially wasn't sure was possible. 'That was a way to bridge the gap,' Kinzer said. 'When Edwin went on that run five years ago, Toronto was at 1.9 (million) in attendance. Now, they're at 3.4. Well, if Edwin contributes to that, then we should be rewarded for it.' Encarnacion gets a $5 million signing bonus, half payable on May 1 and the rest Aug. 1, and salaries of $13 million this year, $17 million in 2018 and $20 million in 2019. The Indians agreed and Encarnacion has already made an impact, as the team has sold more than $1 million in season tickets since he agreed to the deal on Dec. 22. He would earn bonuses of $150,000 each when the Indians reach 2 million, 2.15 million, 2.3 million, 2.5 million and 2.75 million in home attendance. He can make another $250,000 for 3 million. Once the deal's parameters were settled, Antonetti and Kinzer then had to maneuver around some family holiday obligations. As they neared an agreement, Kinzer was at Six Flags Amusement Park in Atlanta with his grandchildren to see Santa Claus, while Antonetti was attending a performance of 'The Little Mermaid' with his wife and two daughters. Antonetti ducked in and out of the theater's auditorium before closing the biggest deal in team history during a break between two songs from the musical. 'We were somewhere between 'Under the Sea' and 'Part of Your World,' he said with a smile. 'It was a great performance.' The Indians can take a bow for theirs, as well. .....»»

Category: sportsSource:  abscbnRelated NewsJan 6th, 2017

ONE: Century will be available on multiple ABS-CBN platforms for every Kapamilya!

The biggest martial arts event of the year will be available to Kapamilyas across multiple ABS-CBN platforms!      ONE: Century, ONE Championship’s 100th offering, which will emanate live from the historic Ryogoku Kokugikan Sumo Hall in Tokyo, Japan, will feature two full-length fight cards with eleven bouts each, and it will all be LIVE and available for Kapamilyas to enjoy!    Part 1 of the massive card will feature our very own Danny “The King” Kingad of Team Lakay facing his biggest test yet, American MMA legend and former UFC world champion Demetrious “Mighty Mouse” Johnson in the finals of the ONE Flyweight World Grand Prix. The winner will be crowned the Flyweight World Grand Prix Champion and will be next in line to challenge Brazilian star Adriano Moraes for the ONE Flyweight World Championship.    Also on the card, Kingad’s Team Lakay teammate Lito “Thunder Kid” Adiwang will make his ONE Championship debut against Japanese star Senzo Ikeda.    Headlining the morning portion will be reigning and defending ONE Women’s Atomweight World Champion Angela “Unstoppable” Lee of Singapore defending her title against reigning ONE Women’s Strawweight World Champion “The Panda” Xiong Jing Nan of China This will be an emotionally-charged rematch of their March encounter that saw Xiong hand Lee the first defeat of her career.    Plus, Former UFC and Bellator Lightweight World Champion and American MMA star Eddie “The Underground King” Alvarez meets Turkish knockout master Saygid “Dagi” Guseyn Arslanaliev in the ONE Lightweight Grand Prix Finals.    ONE: Century Part 1 will be on Sunday, October 13th starting at 8:00 AM. Catch it on LIVESTREAMING via sports.abs-cbn.com/livestream/one and on iWant Sports, as well as on the ABS-CBN Sports Facebook and ABS-CBN Sports YouTube pages.    Catch it on free TV as well on Friday, October 18th at 8:30 PM.    In the second half of the star-studded event, three world championships will be up for grabs, as the Philippines’ own ONE Heavyweight World Champion Brandon “The Truth” Vera will make his way down to one weight class to challenge two-division world champion “The Burmese Python” Aung La N Sang of Myanmar for the ONE Light Heavyweight World Championship in the main event.    Also looking to bring ONE gold back home to the Philippines will be lethal striker Kevin “The Silencer” Belingon of Team Lakay as he looks to regain the ONE Bantamweight World Championship against Brazilian legend Bibiano “The Flash” Fernandes in the fourth installment of their amazing rivalry.    In another featured co-main event, Belingon’s Team Lakay teammate and former ONE Featherweight World Champion Honorio “The Rock” Banario faces a gigantic challenge in Japanese legend and former multiple-time world champion Shinya “Tobikan Judan” Aoki.    Plus, Muay Thai star Rodtang “The Iron Man” Jitmuangnon of Thailand will put his ONE Flyweight Muay Thai World Championship on the line against Brazilian newcomer Walter Goncalvez.    Part 2 of ONE Century will be on Sunday, October 13th starting at 4:00 PM. Catch it on LIVESTREAMING via sports.abs-cbn.com/livestream/one and on iWant Sports, as well as on the ABS-CBN Sports Facebook and ABS-CBN Sports YouTube pages.    Catch it LIVE on free TV as well on Sunday, October 13th at 6:30 PM. .....»»

Category: sportsSource:  abscbnRelated NewsSep 17th, 2019

Gold, silver rally amid attack on Saudi

Gold and silver rallied after a strike against Saudi Arabian oil facilities raised the possibility of retaliatory US military action in the Middle East, with investors seeking haven assets at the start of a week that’ll also see critical policy decisions from central banks including the Federal Reserve. Bullion jumped more than 1.5% as investors […] The post Gold, silver rally amid attack on Saudi appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsSep 16th, 2019

Emerging-market rally may hinge on stimulus. Just not too much

Emerging markets will again be looking to central banks to provide the next leg-up in a rally that's making it the best September so far for stocks and currencies since 2013.That's assuming.....»»

Category: newsSource:  manilanewsRelated NewsSep 15th, 2019

Emerging-market rally may hinge on stimulus. Just not too much

Emerging markets will again be looking to central banks to provide the next leg-up in a rally that's making it the best September so far for stocks and currencies since 2013.That's assuming.....»»

Category: newsSource:  philippinetimesRelated NewsSep 15th, 2019

Kobe Bryant says USA Dream Team days are over

    BEIJING, China – Kobe Bryant leapt to the defense of the United States basketball team after their failed World Cup campaign, saying on Friday, September 13: "The days of the 1992 Barcelona 'Dream Team' are gone." A Team USA missing their biggest names were beaten for the second time in as many days ........»»

Category: newsSource:  rapplerRelated NewsSep 14th, 2019

Bourse dips as investors seek clarity

TRADING ended lower on Thursday as investors remained cautious ahead of the monetary policy meetings of the European and American central banks. The benchmark Philippine Stock Exchange index (PSEi) dipped…READ.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 13th, 2019

HK, Tokyo stocks on the upswing

Hong Kong shares rose in the first few minutes of Wednesday morning as traders were cheered by the broadly optimistic tone across regional markets as they bet on fresh easing measures from leading central banks. The Hang Seng Index added 0.40 percent, or 106.96 points, to 26,790.64. And the benchmark Shanghai Composite Index rose 0.29 […] The post HK, Tokyo stocks on the upswing appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsSep 11th, 2019

Asian markets extend gains

Asian markets mostly rose on Wednesday with a broadly upbeat tone across trading floors ahead of major meetings at the European and US central banks, while there is also a growing sense of optimism over China-US trade talks. News that Donald Trump had fired his fervently hawkish national security adviser also lifted sentiment with analysts […] The post Asian markets extend gains appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsSep 11th, 2019

England, Ronaldo keep up scoring form in Euro qualifying

By Jerome Pugmire, Associated Press PARIS (AP) — England's scoring form was on display again in European Championships qualifying on Tuesday. So was Cristiano Ronaldo's. England made it four wins out of four in Group A with a 5-3 win over Kosovo and Ronaldo netted four goals in European champion Portugal's 5-1 away win at Lithuania. On a night of heavy scoring, it took the five-time Golden Ball winner's international tally to a whopping 93. Ronaldo might well hit the century mark before next year's tournament, considering Portugal still faces Lithuania at home and twice plays lowly Luxembourg. "I'm going through a good phase, but the team has been playing well too," Ronaldo said. "I'm enjoying this moment not only because of my goals, but also because of the team's performances in recent years. I just have to keep helping the team." Striker Harry Kane moved onto a more modest 26 for England, whose fans got a jolt when midfielder Valon Berisha put the visiting side ahead after just 35 seconds. They were soon reassured by Raheem Sterling's equalizer and Kane's latest goal for England, both inside the opening 20 minutes at St. Mary's Stadium in Southampton on a rare occasion England wasn't playing at Wembley Stadium. By halftime fans had been treated to five home goals, including 19-year-old winger Jadon Sancho scoring his first two for England. But the second half proved more inspiring for Kosovo's fans as they witnessed a mini-comeback, with Berisha enjoying a memorable night with a fine second goal curled into the top corner. Kane could have netted a brace, too, but saw his penalty saved by Arijanet Muric. World Cup winner France labored at times against a well-organized Andorra side in a 3-0 home win, with Barcelona forward Antoine Griezmann missing a penalty for the second straight qualifier. After Kingsley Coman found a way through in the first half, center half Clément Lenglet and substitute Wissam Ben Yedder added goals after the break. DEFENSE IN QUESTION England's attack is purring with 19 goals in four games, but alarming questions will be asked of the defense. From a commanding position of 5-1 up, England leaked two goals after the break — one of those a penalty conceded by the expensively-acquired Manchester United center back Harry Maguire. Kosovo's opening goal was the result of a careless pass from defender Michael Keane. England still hasn't lost a qualifier for either the World Cup or European Championship in 10 years. But coach Gareth Southgate knows his defense has to eradicate such sloppy errors if his side wants to win Euro 2020. "The outstanding play was obvious," Southgate said, "and the errors were obvious." The Czech Republic overtook Kosovo to move into second place in Group A with nine points after a 3-0 win at Montenegro and hosts England on Oct. 11. RAMPAGING RONALDO Ronaldo scored from the penalty spot in the seventh minute, before Lithuania hit back through Vytautas Andriuskevicius' header. Portugal's second goal was given to Ronaldo before being changed to an own goal, and then given back to him on UEFA's website. The bizarre-looking 62nd-minute effort was a low shot from outside the area. It was saved by Lithuania goalkeeper Ernestas Setkus, before the ball bounced off the goalkeeper's back and went in. Three minutes later, Ronaldo tapped in from Bernardo Silva's pass, and the attacking midfielder set him up again in the 76th. William Carvalho completed the scoring in stoppage time against last-place Lithuania. Portugal is second in Group B with eight points and five behind Ukraine, which has 13 points having played one game more. Powerful striker Aleksandar Mitrovic netted twice as third-place Serbia won 3-1 away to Luxembourg. PENALTY FLOP Griezmann remains stuck on 29 international goals after hitting his spot kick too close to goalkeeper Josep Gomes in a one-sided first half where France largely struggled to turn possession into chances. Coman pounced in the 18th after latching onto Jonathan Ikone's pass behind the defense for his third goal in two France games. Griezmann's curling free kick from the left was headed in by Clément Lenglet soon after the break. Substitute Wissam Ben Yedder added the third during injury time, steering the ball in from close range after Nabil Fekir's free kick was spilled by Gomes. Turkey and France top Group H with 15 points and meet at Stade de France on Oct. 14. Striker Cenk Tosun netted twice in Turkey's 4-0 win at Moldova. Third-place Iceland slipped three points behind the top two after losing 4-2 away to Albania. Andorra has scored no goals and conceded 14 in six defeats......»»

Category: sportsSource:  abscbnRelated NewsSep 11th, 2019

How Filipinos can win the world s biggest lottery jackpot in EuroMillions

Filipinos can win billions of pesos through Euromillions lottery, now offering a jackpot worth €149 million!.....»»

Category: financeSource:  philstarRelated NewsSep 10th, 2019