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FIFA risks quality of World Cup to bring more teams to party

LONDON — During a 17-year FIFA presidency packed with madcap ideas and policy on the hoof, not even Sepp Blatter ultimately tinkered with the World Cup forma.....»»

Category: sportsSource:  philstarRelated 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 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

Report: Pacquiao wants $20M guarantee vs Crawford

MANILA, Philippines – Manny Pacquiao understands the risks in fighting a dangerous rising star in WBC and WBO super lightweight champion Terence Crawford......»»

Category: sportsSource:  philstarRelated NewsJan 2nd, 2017

Finance: HSBC bearish on PHL bonds amid rising supply

BOND issuances will likely rise next year to support the government's plan of robust infrastructure spending and also amid heightened fund raising by the private sector, buoyed by bets of a strong economic outlook for the country, the Hongkong and Shangha.....»»

Category: financeSource:  bworldonlineRelated NewsNov 30th, 2016

Trump gains rattle world markets, as shares, dollar tumble

HONG KONG — The rising prospect of a Trump presidency jolted markets around the world Wednesday, sending Dow futures and Asian stock prices sharply lower as.....»»

Category: financeSource:  philstarRelated NewsNov 9th, 2016

Front Page: Banks generally strong but risks emerge

BANKS in the Philippines remained generally robust, thanks in part to a supportive economy, but rising exposure to property loans, large firms and small- and medium-scale enterprises (SME) as well as possible "significant" shifts in policies under the cur.....»»

Category: financeSource:  bworldonlineRelated NewsOct 31st, 2016

SEC sees derivatives demand amid rising uncertainty

THE SECURITIES and Exchange Commission (SEC) is keen on allowing derivatives trading in the Philippines, as increasing volatility and uncertainty highlight the need to hedge investment risks......»»

Category: newsSource:  bworldonlineRelated NewsOct 31st, 2016

Banks generally strong but risks emerge

BANKS in the Philippines remained generally robust, thanks in part to a supportive economy, but rising exposure to property loans, large firms and small- and medium-scale enterprises (SME) as well as possible “significant” shifts in policies u.....»»

Category: newsSource:  bworldonlineRelated NewsOct 31st, 2016

The World: Iraq forces moving in to cut Mosul off from Syria

AL QAYYARAH, IRAQ -- Iraqi paramilitary forces launched an operation Saturday to cut the Islamic State group's supply lines between its Mosul bastion and neighboring Syria, opening a new front in the nearly two-week-old offensive......»»

Category: financeSource:  bworldonlineRelated NewsOct 30th, 2016

Winnowing time

Rice farmers in Talisay, Cebu, take advantage of sunny weather to separate the husk from the grain. The changing climate and the world’s dwindling food supply will be in sharp focus on October 16, World Food Day. (Juan Carlo de Vela/ Manila Bulleti.....»»

Category: newsSource: NewsOct 14th, 2016

The World: Saudi minister says oil at $60 by yearend not 'unthinkable'

DUBAI/LONDON -- The oil price could recover to $60 a barrel by the end of 2016, said Saudi Arabia's Energy Minister, just weeks after agreeing to cut supply for the first time in eight years......»»

Category: financeSource:  bworldonlineRelated NewsOct 10th, 2016

Paris climate agreement to take effect Nov. 4

UNITED NATIONS — The landmark Paris agreement on climate change will enter into force on Nov. 4, after a coalition of the world's largest polluters and small island nations threatened by rising seas pushed it past a key threshold on Wednesday......»»

Category: newsSource: NewsOct 6th, 2016

Warnings of xenophobia at UN refugee summit

UNITED NATIONS, United States: UN member-states adopted a plan on Monday (Tuesday in Manila) to tackle the biggest refugee crisis since World War II amid dire warnings about rising xenophobia in Europe and the collapse of countries bordering war-shattered.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 20th, 2016

World Sports: Philippine Azkals rise back in the rankings

PREPARATIONS by the Philippine men's national football team for the ASEAN Football Federation Suzuki Cup got some boost with its world ranking rising back to 125th in the latest rankings released by governing body FIFA last week......»»

Category: financeSource:  bworldonlineRelated NewsSep 18th, 2016

The World: G20 summit warned of risks to economy as N. Korea fires missiles

HANGZHOU -- North Korea fired three ballistic missiles off its east coast on Monday in a defiant reminder of the risks to global security, as world leaders including US President Barack Obama gathered at a G20 summit in China for the second day......»»

Category: financeSource:  bworldonlineRelated NewsSep 5th, 2016

The World: IS-linked suicide bomber strikes at wedding; death toll rising

GAZIANTEP -- At least 27 people were killed when a suspected suicide bomber targeted a wedding celebration in the Turkish city of Gaziantep on Saturday, President Recep Tayyip Erdogan said in a statement condemning the attack......»»

Category: financeSource:  bworldonlineRelated NewsAug 21st, 2016

Study: Climate change may put most cities off-limits for summer Olympics

SAN FRANCISCO -- An ongoing study suggests that rising heat and humidity due to climate change may put most cities around the world off-limits for summer Olympics......»»

Category: newsSource: NewsAug 14th, 2016

Brexit is risk to global growth, says G20

CHENGDU, China (3rd UPDATE) Britain's vote to leave the European Union heightens risks for the world economy, finance chiefs from the G20 group of leading countries said Sunday, July 24,vowing to use "all policy tools" to boost growth. The outcome o.....»»

Category: newsSource:  rapplerRelated NewsJul 25th, 2016

From the streets to the world stage

ARMS HIGH FOR THE RISING The UP Streetdance Club’s World Hip Hop 2016 team showcased their mastery in dance at UPRising 3, a fundraising concert held at the UP Gym The stage is an exclusive spac.....»»

Category: newsSource:  philippinetimesRelated NewsJul 24th, 2016