Sports News Updates

UK retail sales plunge at fastest rate since 2009: CBI

Thursday, October 26 2017

UK retail sales plunge at fastest rate since 2009: CBI

UK retail sales plunge at fastest rate since 2009: CBI UK retail sales plunge at fastest rate since 2009 LONDON (Reuters) - British retail sales plummeted in October at the fastest pace since early 2009 when the country was last in recession, according to a survey that could deepen economists' doubts about the wisdom of raising interest rates next week. With the economy having perked up slightly in the third quarter, it looks very likely that the Bank of England will in a week's time deliver Britain's first rate hike in more than a decade. However, more than two-thirds of economists in a Reuters poll published on Tuesday said now was not the time for a hike. That majority view was bolstered by Thursday's data from the Confederation of British Industry (CBI), which said its monthly retail sales gauge fell to -36 this month from a two-year high of +42 in September, marking its lowest level since March 2009. The reading was far below even the lowest forecast in a Reuters poll of economists, most of whom expected a reasonably modest slowdown in growth. While the CBI survey is extremely volatile from month to month, the three-month average balance for reported retail sales sank to -1 from +18 in September - a 13-month low. Despite Wednesday's encouraging third quarter GDP reading, the outlook for the economy in coming months is mixed at best, and further complicated by uncertainty around the Brexit process. JPMorgan economist Allan Monks said he tended to take Britain's array of monthly retail surveys with a pinch of salt, but added that Thursday's CBI survey raised concerns about momentum in the consumer economy. "We don't think this changes the BoE decision next week. But it could influence the degree of caution the (Monetary Policy Committee) expresses about the near term outlook," he said in a note to clients. The volume of orders that retailers placed with their suppliers also contracted at the fastest rate since 2009, the CBI said. In the past this measure has linked well with the monthly IHS Markit/CIPS gauge of activity among consumer goods manufacturers. "It's clear retailers are beginning to really feel the pinch from higher inflation," said Rain Newton-Smith, the CBI's chief economist. "While retail sales can be volatile from month to month, the steep drop in sales in October echoes other recent data pointing to a marked softening in consumer demand." The Brexit vote in June 2016 led to a big fall in the value of sterling, which has pushed up inflation, gnawing at consumers' disposable income this year. Earlier on Thursday the British Retail Consortium reported that retailers cut jobs over the past three months at the fastest rate since comparable records began in 2008. It cited a combination of technological change and government policies that pushed up employment costs as the main reasons for the fall.

Rice prices in India dip on rising supply; Thailand eyes Sri Lankan demand

Thursday, October 26 2017

Rice prices in India dip on rising supply; Thailand eyes Sri Lankan demand

BENGALURU (Reuters) - Rice prices in India slipped this week on expectations of a rise in supplies from the new season crop, while rates for the staple grain edged higher in Thailand as traders were optimistic about the possibility of demand from Sri Lanka. Thailand's benchmark 5-percent broken rice was quoted at $375-$388 a tonne, free-on-board (FOB) Bangkok, up from $375-$385 last week. "There looks to be demand from Sri Lanka, which we're optimistic will translate into more demand for Thai rice," said a Bangkok-based rice trader. The government of Sri Lanka has issued a tender to buy 200,000 tonnes of rice as recent floods in the country have destroyed crops. In Thailand, however, heavy rain have not hurt crops and all of the rice has already been harvested. But, the rains have caused difficulties for shipments to be collected and delivered, which has had a negative impact on exports, traders said. "Due to heavy rains, a lot of ships from abroad coming in to get rice have had to push their schedule back. From November onwards when the rains subside, exports will hopefully be more active," said a Bangkok-based trader. India's 5 percent broken parboiled rice prices edged down by $2 per tonne to $402 to $405 per tonne this week. "New season supply will be available in the next few weeks. Exports will also pick up with supply," said B V Krishna Rao, managing director of leading exporter Pattabhi Agro Foods Pvt. "Demand is expected to be robust from Sri Lanka and Bangladesh in the next few months," he added. Bangladesh, which has emerged as a major importer this year after floods damaged its crops, has approved the purchase of 100,000 tonnes of parboiled rice from India in a government-to-government deal at $455 a tonne, including CIF and discharge costs. It has also approved a purchase of 150,000 tonnes of parboiled rice from Thailand at $465 a tonne. The country's major summer rice output in 2017 fell about 5 percent from a year earlier to 18 million tonnes, the lowest in seven years, according to a preliminary estimate of the Bangladesh Bureau of Statistics. Meanwhile, in Vietnam, high prices prevailed as rice stocks were running dry, traders said. Benchmark 5-percent broken rice rates rose to $395-405 per tonne, FOB Saigon, from $390-400 last week. "Supply is very low. We are running out of stock, so rice prices will stay high," a trader in Ho Chi Minh City said, adding trade was dull as Vietnam's prices are not appealing to foreign rice importers. "I think prices will have to fall, otherwise no one would buy from us," another trader said. Traders said new supply would not be available until the completion of minor autumn-winter crop harvest in November. Rice growing areas in southern regions have shrunk due to flooding, but productivity is expected to rise 3.2 percent from a year earlier, an agriculture ministry report said on Thursday. (Reporting by Mi Nguyen in Hanoi, Rajendra Jadhav in Mumbai, Ruma Paul in Dhaka and Suphanida Thakral in Bangkok; editing by David Evans) SEARCH talking point on sify news Latest Features

U.S. House panel says agreement reached over Fusion GPS bank records

Sunday, October 29 2017

U.S. House panel says agreement reached over Fusion GPS bank records

WASHINGTON (Reuters) - The U.S. House Intelligence Committee on Saturday said it had reached an agreement related to its subpoena of a Washington research firm's bank records that would secure access to records for the panel's probe of Russian meddling in the 2016 presidential election. The announcement came a day after a federal judge had given an unnamed bank more time to respond to the congressional panel's subpoena to Fusion GPS, the research outfit that hired a former British spy to compile a dossier on presidential candidate Donald Trump. The Washington Free Beacon, a conservative online publication backed by billionaire Republican mega-donor Paul Singer, said on Friday it was the original funder of the Fusion GPS project to compile opposition research on multiple Republican presidential candidates, including Trump. Trump and other Republicans have alleged that Russians paid Fusion GPS for research on their own dealings with the president and his campaign. But the Free Beacon said all the material it was provided came from public sources and that the effort was separate from a former British spy’s dossier of allegations of Russian financial and personal links to President Donald Trump’s campaign and associates. Known as the Steele dossier because it was compiled by former MI6 officer Christopher Steele, the document identified Russian businessmen and others whom U.S. intelligence analysts have concluded are Russian intelligence officers or working on behalf of the Russian government. Democratic presidential candidate Hillary Clinton's campaign and the Democratic National Committee began paying Fusion GPS in April 2016 for research on Trump, an arrangement that later produced the Steele dossier. Trump, who has called allegations of campaign collusion with Moscow a hoax, has repeatedly called the dossier fake news. Much of the inflammatory and at times salacious content of the dossier has not been verified. However, U.S. officials have confirmed certain details. In a closed-door hearing with Senate Judiciary Committee investigators, Fusion GPS founder Glenn Simpson said there was no connection between the firm’s work on the dossier and its legal research on a lawsuit involving Russians who attended a June 2016 Trump Tower meeting with Trump’s son, Donald Trump Jr., his son-in-law and close aide, Jared Kushner, and former campaign chief Paul Manafort, sources familiar with the hearing said. (Reporting by Dustin Volz and Mark Hosenball; additional reporting by Idrees Ali; Editing by Tom Brown and David Gregorio) SEARCH talking point on sify news Latest Features

China angered over U.S. aluminium foil anti-dumping duties

Sunday, October 29 2017

China angered over U.S. aluminium foil anti-dumping duties

BEIJING (Reuters) - China said it was "strongly dissatisfied" with the U.S. decision to impose anti-dumping duties ranging from 97 percent to 162 percent on Chinese aluminium foil, urging Washington to correct its "mistaken methods". The preliminary ruling on Friday was a victory for U.S. aluminium foil makers who filed a complaint with the Commerce Department accusing Chinese producers of dumping foil into the U.S. market at below cost or fair market value. In 2016, U.S. aluminium foil imports from China were valued at $389 million, according to the Commerce Department, which said it would issue its final determination for the duties on Feb. 23. Chinese Commerce Ministry official Wang Hejun said in a statement late on Saturday that the United States was still using "discriminatory" surrogate country pricing methods to put high duties on

Chinese goods.

The United States is not only harming the interests of Chinese companies, but also damaging the authority of multilateral trade rules, Wang said. "We urge the United States to earnestly fulfil its international obligations, and take real action to correct its mistaken methods," Wang said, adding that China would take steps to protect Chinese companies' legal rights. Beijing complains that the United States uses a now expired clause in China's 2001 World Trade Organization accession deal that for years allowed other WTO members to use a third country's prices to assess whether Chinese goods were being dumped. The U.S. Commerce Department said the aluminium foil duties were based on evidence using its standard methodology for determining dumping duties against non-market economies. Washington has determined in the past that such measures were needed because China failed the test of whether it operates as a market economy, given the government's control over price and output decisions of enterprises and other factors, such as the extent to which its currency is convertible. U.S. President Donald Trump's administration has made enforcement of trade laws a top priority. From Jan. 20, the day Trump took office, through Oct. 25, the Commerce Department said it initiated 77 anti-dumping and countervailing duty investigations, up 61 percent from the previous year.

ECB's Coeure hopes bond-buying won't be extended again: paper

Sunday, October 29 2017

ECB's Coeure hopes bond-buying won't be extended again: paper

FRANKFURT (Reuters) - The man in charge of the European Central Bank's 2.5 trillion euros ($2.9 trillion) stimulus programme hopes it will not be extended again when it expires in September, he told a French weekly newspaper. Benoit Coeure, who heads the ECB's market operations, also said the money-printing scheme will continue until inflation "clearly moves" towards the central bank's objective of just under 2 percent. The ECB announced on Thursday the quantitative easing (QE) scheme would be extended until September 2018, with its President Mario Draghi -- of whom Coeure was long considered a key ally -- making clear its eventual duration remained open-ended. Coeure, dropping signals that he was starting to grow impatient with QE, told Le Journal du Dimanche he was hopeful Thursday's extension would not be repeated. "Our asset purchases will continue until inflation clearly moves towards 2 percent," he added. "This recalibration takes account of the solidity of the (economic) recovery and allows it to gain strength. I am hopeful that this will be the last extension." In an interview with Reuters in May, Coeure said "too much gradualism" in winding down the central bank's bond purchases raised the risk of a market backlash when policy was eventually shifted. The ECB's ultra-easy policy, which also includes a sub-zero interest rate, has driven borrowing costs to record lows and boosted property prices in richer euro zone countries including Germany and France. Coeure acknowledged French companies might be taking on too much debt but said the situation in the euro area as a whole did not warrant a reaction by the ECB, as advocated by critics in Germany. "In France, corporate debt is also rising very quickly, perhaps too quickly," he said. "But nothing at this stage demands action from the ECB." Inflation in the euro zone was 1.5 percent in August and September and is not expected to reach the ECB's target for at least two years. ($1 = 0.8615 euros) (Reporting By Francesco Canepa; editing by John Stonestreet) SEARCH

Congress distances from Chidambaram's remark, says J&K integral part of India

Sunday, October 29 2017

Congress distances from Chidambaram's remark, says J&K integral part of India

Congress distances from Chidambaram's remark, says J&K integral part of India Congress distances from Chidambaram's remark, says J&K integral part of India 09:35 hrs New Delhi : Distancing itself and taking a different stand from senior Congress leader P. Chidambaram's remark on Jammu and Kashmir, the party on Sunday said the state is an integral part of India and will always remain so. Chidambaram, the former Union Home Minister, on Saturday said the appointment of an interlocutor for Jammu and Kashmir was a "diversionary" tactic and felt the "Azadi" demand meant people want autonomy which should be seriously examined. "While individuals may have different personal opinions, Congress believes that the solution for lasting peace and prosperity in Jammu and Kashmir lies solely within the framework of Constitution," said Congress spokesperson Randeep Singh Surjewala in a statement. "Opinion of an individual is not necessarily the opinion of the Congress party. In our democracy, individuals are entitled to opinions," he added. Union Finance Minister Arun Jaitley also hit out at Chidambaram and sought a clarification from Congress. "It's a serious issue whether statement that has come from a prominent Congress leader is Congress' official stand or not? Congress should clarify immediately. "The position Congress has taken with regard to 'Azadi' or autonomy to be given to Jammu and Kashmir, goes directly contrary to India's national interest," said Jaitley. The Congress has slammed the Narendra Modi government for not having any clear-cut policy to restore normalcy in Jammu and Kashmir and also tackle terrorism. "Congress has always believed that dialogue and discussion is the way forward for restoration of normalcy in the state, but it can only be within the framework of our Constitution. This is non-negotiable," Surjewala further said. Taking a dig at the Bharatiya Janata Party (BJP) for its policy on Jammu and Kashmir, Surjewala said: "Forty-one months of NDA-BJP regime has seen the situation deteriorate rapidly with terrorism on the rise, border ceasefire violations at an all-time high and our security forces valiantly fighting the onslaught of Pakistan-sponsored terrorism on a daily basis." "A power hungry coalition of PDP-BJP in Jammu and Kashmir has utterly failed to restore normalcy in the state with BJP government at the Centre having no clear-cut policy either on tackling terrorism or on restoration of normalcy in the state," he said. "Congress has always worked towards providing equal development, equal financial allocation and equal opportunities to the three regions of state of Jammu and Kashmir," he added. Surjewala further said: "Ten years of UPA-Congress government proved to be a watershed in restoring normalcy, promoting economic activity and tourism, creating infrastructural development, engaging with the people within the framework of our Constitution and fighting terrorism/militancy decisively." SEARCH talking point on sify news Latest Features

Villagers from Darlaghat area meet electoral officer to boycott election

Sunday, October 29 2017

Villagers from Darlaghat area meet electoral officer to boycott election

Villagers from Darlaghat area meet electoral officer to boycott election Villagers from Darlaghat area meet electoral officer to boycott election [India], Oct 29 (ANI): The villagers from Himachal Pradesh chief minister Virbhadra Singh's constituency, Arki, on Saturday met the Chief electoral officer (CEO) of the state in Shimla. The delegation of villagers, from over 15 villages in the Darlaghat area, have decided to boycott the Assembly elections on November 9, if their demands are not met. However, the CEO has directed the district Election officer to send a report on it and appealed the voters not to boycott the election. Speaking to ANI, Pushpinder Rajput, the CEO said, "I have requested all the delegates not to boycott the election and use their voting rights." Jagdish Verma, head of the Protesting Committee said, "We have talked to the government regarding our problems, but no one listens to us." Earlier on October 25, there were reports of villagers demanding to shift the village permanently to a safe and pollution-free zone. Over 500 residents of the Rauri village in Darlaghat area of the Arki assembly constituency warned the authorities and political parties to either shift the village to a pollution-free zone or face boycott the upcoming Assembly Elections. (ANI)

No one can say Ram Temple won't be built in Ayodhya: RSS leader Krishna Gopal

Sunday, October 29 2017

No one can say Ram Temple won't be built in Ayodhya: RSS leader Krishna Gopal

No one can say Ram Temple won't be built in Ayodhya: RSS leader Krishna Gopal No one can say Ram Temple won't be built in Ayodhya: RSS leader Krishna Gopal [India], October 29 (ANI): Rashtriya Swayamsevak Sangh (RSS) leader Krishna Gopal has said that the Ram Temple would be built in Ayodhya only, adding no one in the world could dare to say otherwise. "Today, no one in the world can dare to say that the temple will not be built here. No one can say that," he said, while speaking at the inauguration of the Lucknow bureau office of the RSS mouthpieces 'Panchjanya' and 'Organiser.' "Panchjanya had written on the Ram Janmabhoomi issue. It was said that Lord Rama was the symbol of 'shraddha', faith and regard in the country for thousands of years. Lord Rama was in the hearts of the people and this could not be denied. There should be a temple in Ayodhya and this was not against anyone, but people had then ignored it," he added. The event was also attended by Uttar Pradesh Chief Minister Yogi Adityanath. In a veiled attack on Congress vice-president Rahul Gandhi, Krishna Gopal said that a visit made by "Congress leaders" to temples was a drama and a strategy to seek votes by "appeasement" policy. "When Congress lost the last Lok Sabha elections, it had asked A.K. Antony to probe the reasons behind the party's defeat. After the probe, it was said that the Congress' policy of appeasement to favour minorities was one of the reasons why it was resented by the majority of the population," Gopal said. (ANI)

Barcelona Manager Ernesto Valverde Discusses 2-0 Win Over Athletic Bilbao | ht_media

Sunday, October 29 2017

Barcelona Manager Ernesto Valverde Discusses 2-0 Win Over Athletic Bilbao | ht_media

Barcelona Manager Ernesto Valverde Discusses 2-0 Win Over Athletic Bilbao en Raghav Panch 29 Oct 2017 ​Barcelona manager Ernesto Valverde has expressed his delight after his side's 2-0 win over Athletic Bilbao but admitted that their second half performance was not up to the mark. Goals from Lionel Messi and Paulinho gave the away side the win but the game was far from comfortable, with Athletic Bilbao creating a number of good chances that were thwarted by goalkeeper Marc-Andre Ter Stegen. Speaking to Movistar Plus after the game, as reported by ​Marca , Valverde said, "The first half was good. We dominated and showed we can create problems, but they did have chances with [Aritz] Aduriz." "We're lucky to have Messi."Valverde pays tribute to @FCBarcelona star after San Mames success. — MARCA in English (@MARCAinENGLISH) October 29, 2017 "In the second half we came under pressure and although they didn't have many clear chances, they had a lot of possession around the area and could have scored." Valverde also reserved praise for star man Lionel Messi who scored his 12th La Liga goal of the season. He said, "The season is long and there are many games. There is time for everyone to shine. We are lucky to have Messi, who decides games, but we also have a lot of very good players." That's a fantastic result. Have to say though, Valverde deserves credit for a great first half, and blame for a lacklustre second. The 53-year-old made his first return to Bilbao since leaving the club for Barcelona this summer and claimed that the experience as the opposition manager was a strange one for him. "It was strange at the beginning and during the match. I am not used to being here as a rival, but I had to get over that and we came through." Barcelona next take on Olympiakos in the Champions League before a home tie against Sevilla in La Liga. They currently lie top of the league table with 28 points, four ahead of second placed Valencia. Transfer News

BJP slams Chidambaram for remark seeking for greater autonomy for J

Sunday, October 29 2017

BJP slams Chidambaram for remark seeking for greater autonomy for J

BJP slams Chidambaram for remark seeking for greater autonomy for J&K BJP slams Chidambaram for remark seeking for greater autonomy for J&K 09:37 hrs New Delhi: Senior Congress leader and former Union Minister P. Chidamabaram on Saturday said that when people of Jammu and Kashmir ask for 'azadi' they seek greater autonomy. He also said the Centre should find out the areas in Jammu and Kashmir where autonomy can be given. His party Congress, however, distanced itself from the remark and aid that Jammu and Kashmir was an integral part of India. The Bharatiya Janata Party (BJP) on Sunday hits out at Senior Congress leader P. Chidambaram for his Jammu and Kashmir comment. Speaking to ANI, BJP leader Sambit Patra said that the Congress is responsible for what Kashmir is being discussed today. "From Nehru to Chidambaram, we have seen the confused hypocrisy of the Congress party as far as Kashmir is concerned. They are the one who has plunged Kashmir into the kind of situation that we are discussing today," he said. "Today P. Chidambaram lending his voice to 'azadi' brigade is something, which the Congress party has to come out and explain," said Patra. Asserting similar viewpoint, BJP leader Shahnawaz Hussain said, "The statement is unfortunate. Many people from Kashmir raise this issue on Pakistan's provocation, but former Union Minister P. Chidambaram talking about it is utterly unfortunate. He should know that 'azadi' does not mean autonomy." Apart from Patra and Hussain, Union Minister Smriti Zubin Irani and Finance Minister Arun Jaitley had also slammed the Congress leader for his J&K remark. SEARCH talking point on sify news Latest Features

Srikanth becomes first Indian to play French open final, Sindhu crashes out

Saturday, October 28 2017

Srikanth becomes first Indian to play French open final, Sindhu crashes out

Srikanth becomes first Indian to play French open final, Sindhu crashes out Srikanth becomes first Indian to play French open final, Sindhu crashes out Sun, Oct 29, 2017 00:47 hrs [France], October 29 (ANI): Indian star and ace shuttler Kidmabi Srikanth on Saturday became the first Indian man to reach the final of the French Open Super Series. Srikanth defeated compatriot HS Prannoy 14-21, 21-19, 21-18 in the semi-final match here which lasted over an hour. However, in women's singles, PV Sindhu failed to sail through the semi-final event after losing 21-14, 21-9 to Japan's Akane Yamaguchi in a one-sided match. Srikanth will now locks horns with the World No. 40 Kenta Nishimoto of Japan on Sunday, to win his consecutive Super Series. The 24-year-old, who has already clinched three Super Series this year, is enjoying the best form of his career and with another final to play on Sunday; he will aim to become the most decorated Indian badminton player with Super Series titles. He has already surpassed Saina Nehwal's 2010 record of reaching three Super Series summit showdowns after winning Denmark Open last week, and Indonesia Open Super Series Premier and Australian Open Super Series earlier in the year. (ANI) SEARCH

Coach Steve Cooper praises Young Lions for exhibiting winning show in World Cup

Sunday, October 29 2017

Coach Steve Cooper praises Young Lions for exhibiting winning show in World Cup

Coach Steve Cooper praises Young Lions for exhibiting winning show in World Cup Coach Steve Cooper praises Young Lions for exhibiting winning show in World Cup Sun, Oct 29, 2017 07:00 hrs [India], October 29 (ANI): After scoring a stunning victory against Spain in the U-17 World Cup final on Saturday, England football team head coach Steve Cooper said, he is feeling surreal post triumphing the trophy. Addressing the presspersons here, Cooper said, "Surreal! Will feel a bit better tomorrow after we realise what we have done." The coach showered all the praise on Young Lions for displaying a fantastic show on the ground and said, "We were 2-0 down in a World Cup final and in my opinion, against the run of play winning the game 5-2 tells you the character of the England players." The gaffer also called the English team a worthy winner of the tournament because of the way they played. Asked if England beat Spain at their own game, the former Liverpool academy coach said, "We beat Spain by playing our own game." England created history at Kolkata's Salt Lake Stadium, making an epic comeback after conceding two goals in the first half, to crush Spain 5-2 in the FIFA U-17 World Cup final. The team's 17-year-old young World Cup hero, Phil Foden was awarded the Golden Ball for being the player of the tournament, as he scored twice for the Young Lions. Cooper praised Foden's spectacular game but credited every individual for lifting the World Cup title. "Foden got the Golden Ball but each of the 21 members have got a gold medal around their neck. I am not the one to talk about individuals. Joel (Latibeaudiere) and Angel (Gomes), the non-playing captain, picked up the trophy together without anyone telling them. This typifies the togetherness in our team. I can give you 21 stories about the 21 players why we won the world cup," the coach stated. (ANI) SEARCH