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Dollar and yen rise as tech selloff sends investors to safety

first_img“US equity futures will likely be a guide to currencies today,” said Commonwealth Bank of Australia’s head of international economics, Joe Capurso.“The more equity futures fall, the larger the strength in the dollar and the yen,” he said, with a European Central Bank meeting on Thursday a possible driver of even more dollar gains.Some pressure came off riskier currencies as futures climbed off early session lows, with Nasdaq 100 futures NQc1 turning positive to gain 0.2 percent and S&P 500 futures ESc1 last down 0.2 percent.The overnight currency moves came with gains in the bond market as a tech selloff, which began last week with no apparent trigger, begins to drive broader risk aversion. The dollar held its gains on Wednesday, as a stockmarket slide spilled over into selling of riskier currencies and an oil slump weighed on commodity currencies, while fresh Brexit turmoil pushed the pound to a six-week low.The greenback sat by a one-month high against a basket of rivals and edged up against the pound, euro and the kiwi.In early trade the safe-haven Japanese yen rose to a one-week peak of 105.83 per dollar as investors looked to jittery equity markets to set the tone. The risk-sensitive Antipodean currencies fell to two-week lows, before climbing back to flat as stock futures pared losses. The Australian dollar last stood at US$0.7215 and the New Zealand dollar at $0.6618.A nearly 8 percent drop in US crude prices has also weighed on oil exporters’ currencies, with the Canadian dollar hitting a three-week low of C$1.3256 per dollar and the Norwegian krone at its lowest since late July.Sterling, however, has been the largest loser as fears grow that Britain is preparing to undercut its Brexit divorce treaty.Britain will set out its blueprint for life outside the European Union on Wednesday, publishing legislation a government minister acknowledged would break international law in a “limited way” and which could sour trade talks.The pound, which fell 1.5 percent against the dollar overnight, edged lower to a six-week trough of $1.2962 in Asia and has lost nearly 4 percent in a little over a week. It also hit a six-week low against the euro, of 90.57 pence and has fallen 2.6 percent to 137.38 yen in three sessions.The tech selloff, which has led Wall Street indexes on their sharpest three-day drop since March has also added some impetus to a dollar bounce that analysts have doubted.The dollar has now lifted 1.4 percent from its early-September trough, making particular progress against the euro in the wake of comments from ECB chief economist Philip Lane, who said last week that the exchange rate mattered to monetary policy.The ECB meets on Thursday with any comments on the currency to be closely parsed.“Lane appears to have succeeded in drawing a line in the sand at $1.20 at least for the time being,” said Rabobank senior FX strategist Jane Foley. “We see scope that euro/dollar could dip further towards the $1.17 level on a one-month view.”The euro last traded at $1.1772.Topics :last_img read more

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Freddie Ljungberg explains where Arsenal must improve after Norwich draw

first_imgFreddie Ljungberg explains where Arsenal must improve after Norwich draw Advertisement Advertisement Freddie Ljungberg took charge of Arsenal for the first time at Norwich (Picture: Getty)Freddie Ljungberg says he witnessed ‘positive things’ during Arsenal’s 2-2 draw with Norwich but admits his side must improve in a number of areas.Pierre-Emerick Aubameyang scored both goals as the Gunners twice came from behind to come away from Carrow Road with a point on Sunday afternoon.Teemu Pukki broke the deadlock in the 21st minute to get Ljungberg’s start as caretaker manager off to the worst possible start before Christoph Zimmermann’s clumsy handball gave Arsenal the chance to equalise from the penalty spot.Tim Krul saved Aubameyang’s initial effort but the Gabonese converted his retake after VAR confirmed that four Norwich players had encroached.ADVERTISEMENT Good ebening: A tribute to Unai EmeryTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 1:11FullscreenGood ebening: A tribute to Unai Emeryhttps://metro.co.uk/video/good-ebening-tribute-unai-emery-2059270/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Ljungberg praised Aubameyang’s character after the forward stepped up to convert his second penalty attempt in the first half.‘I think I had a heart-attack twice!’ he said.‘But from what I heard it was quite obvious, that’s what the results are for.‘The most important thing was for Aubameyang to have the mental strength to score the second penalty after missing the first one.’MORE: Ole Gunnar Solskjaer explains Juan Mata’s return to the Manchester United starting XI against Aston Villa Comment Metro Sport ReporterSunday 1 Dec 2019 4:48 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.2kShares Aubameyang twice equalised for the Gunners at Carrow Road (Picture: Getty)Todd Cantwell put Norwich back in front with a neat finish right on half-time before Aubameyang latched on to Mesut Ozil’s corner to equalise in the 57th minute.AdvertisementAdvertisementThe result means Arsenal have won just once in their last ten matches in all competitions while failing to keep a clean sheet in any of those games.Despite Arsenal’s miserable run of form, Ljungberg was upbeat about his side’s performance when speaking to Sky Sports after the final whistle.‘We started the game really well, that’s how I want to play football,’ the Swede said.‘But we need to work on the transitions, we dominated and they break us too easily.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘In the beginning I saw a lot of things we worked on in training, but we need to score goals and take the lead.‘I want this club to do well, it is only winning that counts: I wanted to win the games so I am disappointed but I have also seen some positive things.’ Arsenal have won just one of their last ten games (Picture: Getty)In his post-match press conference, Ljungberg added: ‘I was proud but I think we started well and I expected us to take the lead.‘It’s easy to see what we have to work on.‘I’m extremely proud of the players for coming back twice. The end of the game was too open for my liking.‘What I saw in the first 30 minutes was good. When we went down the players’ heads didn’t drop but they wanted to sort it out and that is good’last_img read more

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Billionaire developer Nev Pask’s Gold Coast home for sale

first_img28/3510 Main Beach Pde, Main Beach.He used the 485sq m residence on the 15th level of the Silverpoint tower as his family base.“This apartment is a one off — made for the family as a special request,” said Ray White Surfers Paradise’s Robert Graham, who is marketing the property with Jordan Thams.More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“The family identified Silverpoint as the building for them and as a result had the developer create the residence.”“Usually sub-penthouses are reserved on the higher floors and they can sometimes feel disconnected and out of touch being so high.” 28/3510 Main Beach Pde, Main Beach. 28/3510 Main Beach Pde, Main Beach. 28/3510 Main Beach Pde, Main Beach. 28/3510 Main Beach Pde, Main Beach.Mr Pask’s four-bedroom apartment features balconies from every room with a 360-degree view of the Gold Coast as well as a bar and three separate living areas.“There are only a handful of apartments on whole of the Coast that can boast four bedrooms that occupy an entire floor,” he said.“There is simply nothing else like it and as history has shown it will probably be some time before another one like this becomes available. “They just don’t make them like this anymore.”Some of the city’s top business identities own properties in the building, including “high-rise honcho” Harry Triguboff and Aussie Home Loans CEO James Symond. 28/3510 Main Beach Pde, Main Beach.During a business career that spanned six decades, Mr Pask built a property and development empire that made him one of the country’s wealthiest people. His estimated wealth was $1.02 billion.His career as a property developer began when he started buying, renovating and selling old homes. He went on to develop more than 2000 housing blocks, apartments, car yards and other commercial sites throughout Queensland and Melbourne.His property is set to go to auction on May 19, 2018. THE Gold Coast sub-penthouse the late billionaire Nev Pask lived in for nearly 30 years is set to go under the hammer.THE Gold Coast sub-penthouse the late billionaire Nev Pask lived in for nearly 30 years is set to go under the hammer.Mr Pask, who passed in February aged 87, bought his Main Beach apartment in 1989.last_img read more

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South Korea on OW Fact-Finding Trip to Denmark

first_imgA delegation from the Korean National Assembly has paid a visit to the Danish Energy Agency (DEA) to study Denmark’s experience in the development of offshore wind.A delegation of parliamentarians from the Korean National Assembly, together with representatives from governmental institutions such as the Korean Energy Agency, visited DEA on 19 November to discuss Denmark’s energy transition.According to DEA, the aim of the South Korean delegation was to deepen the understanding of the regulatory framework that Denmark has established to support the development of wind power while promoting public acceptance. The Danish experience in offshore wind auctions was the central topic.South Korea and Denmark entered into a renewable energy cooperation agreement at the beginning of November when the Danish Minister of Energy, Utilities and Climate Lars Christian Lilleholt visited Korea.The two countries are cooperating on the development of energy policy and regulations for renewables in South Korea, with focus on offshore wind, and further including onshore wind, solar energy and energy storage.The agreement will also enable working on joint projects, joint technology development, and joint entry into third countriesIn 2017, the South Korean government defined an energy plan to have at least 20% of electricity produced by renewables by 2030. New wind capacity is expected to make 16.5GW, with nearly 12GW being offshore.South Korean President Moon recently announced a 4GW solar-offshore wind complex that will be built at the center of the Saemangeum reclaimed land area in Gunsan, Jeollabuk-do Province.last_img read more

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Social Security Bill goes before Parliament on Thursday

first_img Sharing is caring! Dominica Parliament Building. A Bill to amend the Social Security Act to increase the retirement age and contributions will be brought to Parliament for approval on Thursday. The Bill seeks to reform the law respecting the entitlement to the payment of age benefits in Dominica.It says Pension reform, in particularity Social Security reform, is a global concern because of the aging population and low birth rates.According to the Bill, falling population numbers were once confined to older European nations, however the issue of falling population is one that most countries are experiencing now or will experience in the near future.“In recent times many countries has to confront Social Security Reform one way or another. This reform program is being implemented, following a massive public awareness campaign and taking into account the findings or extensive national consultation, to ensure that there is adequate funding for pensions for many years to come,” the Bill states.It says further that the general purpose of this reform program is to provide for a phase increase in the retirement age for the receipt of age benefits from age 60-65, to provide for an option to claim a reduce age benefit upon attaining the age of 60 years and to provide for a phased increase in contributions.Meanwhile Parliament will also seek to amend the Stamp Act, Marriage Act and an Act to sanction certain payments from the consolidated fund of Dominica.Dominica Vibes News Share 79 Views   no discussions Tweetcenter_img Share Share LocalNews Social Security Bill goes before Parliament on Thursday by: – February 15, 2012last_img read more

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‘Shabu,’ firearm seized

first_imgWhen frisked, the suspects yielded a .357 revolver with two live bullets and cash amounting to P8,000. The suspects were nabbed after they sold suspected shabu to an undercover cop around 6:45 p.m. on June 8, police said. BACOLOD City – Eleven sachets of suspected shabu valued at around P20,000 were seized in a buy-bust operation in Barangay 5, San Carlos City, Negros Occidental. Resident Gerald Marci – their alleged cohort – managed to evade arrest.center_img Marcelino Carallas, 18; Mark Carallas, 30 Mike Brasona, 39; and Arthur Quizon, 39, yielded the suspected illegal drugs, a police report showed. The suspects were detained in the custodial facility of the San Carlos City police station, facing charges./PNlast_img read more

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Ruthless Barca thrash Sevilla but have two players sent off

first_imgRelatedPosts Vidal lands in Milan to complete move from Barca to Inter Barca president Bartomeu says he won’t go to war anymore with Messi Bale completes Tottenham return from Real Madrid Lionel Messi scored his first goal of the season as Barcelona beat Sevilla 4-0 on Sunday to climb into second place in the La Liga standings behind Real Madrid.The Catalans however ended the game with nine men as Ousmane Dembele and debutant Ronald Araujo were sent off.The victory saw Barca leapfrog Atletico Madrid into second place on 16 points, two behind leaders Real who they meet in three weeks’ time at the Camp Nou.Atletico Madrid are third on 15 after drawing 0-0 at Real Valladolid on Sunday.Barcelona rode their luck in the early stages of the game as Julen Lopetegui’s Sevilla made an ambitious start but failed to take their chances.While the Catalans were ruthlessly efficient and scored three times in eight first-half minutes.Luis Suarez gave the champions the lead with an outstanding bicycle kick in the 27th minute and their Chile midfielder Arturo Vidal then got a crucial touch on a tame shot from Arthur Melo to double the lead in the 32nd.Frenchman Dembele, who started ahead of 120 million euro (107 million pounds) signing Antoine Griezmann, made it 3-0 in the 35th with a superb solo dribble and finish.Barca captain Messi scored from a free kick in the 78th to finally get off the mark in a season blighted by injuries but there was a sour end to the game for Ernesto Valverde’s side.Uruguayan defender Araujo had made his debut by replacing the injured Jean-Clair Todibo but was sent off 14 minutes later for a last-ditch challenge on Javier Hernandez, while Dembele was dismissed for protesting the decision.Referee Antonio Mateu Lahoz explained in his report that he showed Dembele a straight red card for saying “very bad, you are very bad” and waving his arms at him.The forward will be suspended from Barca’s next La Liga game at Eibar and is in danger of missing the ‘Clasico’ against Real, as players who have said similar words to referees in recent seasons have been handed two-game bans.Barca’s scorer Vidal said they deserved the big victory.“We were superior to them the whole time, we were always putting them under pressure and we are worthy winners,” he told reporters.“We were up against a team who are good with the ball and on the wings but we dominated them in those areas.”Lopetegui’s last visit to the Camp Nou was a painful affair as his then Real Madrid side were hammered 5-1 by Barca in his final game in charge before being sacked, and this was a similarly galling experience for the former Spain coach.His Sevilla side created three clear chances to take the lead but missed them all as Dutch striker Luuk de Jong was thwarted by keeper Marc-Andre ter Stegen and then missed the target, as did Brazilian midfielder Fernando.The luckless De Jong then had a chance to strike back for his side early in the second half but hit the post, one of 16 attempts for Lopetegui’s side, who only found the target four times. Barca had 15 shots, with eight on target.“It’s a crushing and undeserved defeat,” said Lopetegui. “We played very well, we were brave and we tried to do what we had worked on in training but we couldn’t take our chances.”Sevilla midfielder Fernando added: “We had so many chances to score, but if you switch off for one second at the Camp Nou you get punished.” Reuters/NAN. Tags: FC BarcelonaJulen LopeteguiLa Ligalast_img read more

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Bengal Warriors Thrashes UP Through Good Performance In Pro Kabaddi League

first_imgHyderabad: An all-round show guided Bengal Warriors to a massive 48-17 win over UP Yoddha in a Pro Kabaddi League (PKL) contest here on Wednesday. It was also Bengal’s biggest win in the history of the league. Bengal’s skipper and ace raider Maninder Singh (9 points) and Mohammed Nabibaksh (10 points) broke UP’s defence Warriors’ defence on every occasion as their opponents looked completely helpless. Baldev Singh chipped in with seven tackle points for Bengal.UP’s defence had no answer to the raiding duo of Bengal as they could only score five tackle points. Monu Goyat scored six points but lacked support from the other end. UP made a strong start and led 4-0 after three minutes. However, Bengal came back strongly as Maninder first made a two-point raid and their defence got their act together. In the first 10 minutes, it was an evenly matched contest as both teams were level at 6-6. Bengal soon shifted gears and went on a scoring spree. They first inflicted an all-out in the 13th minute to lead 13-7 and their defence kept picking points at regular intervals. (IANS)Also Read: Former Indian Kabaddi Captain Anup Kumar To Coach Puneri Paltanlast_img read more

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Niagara looks for road win vs Canisius

first_imgTEAM LEADERSHIP: Canisius’ Malik Johnson has averaged 12.5 points, 5.9 rebounds and 5.9 assists while Majesty Brandon has put up 13.9 points and four rebounds. For the Purple Eagles, Marcus Hammond has averaged 14.1 points and 4.5 rebounds while James Towns has put up 11.1 points.MIGHTY MARCUS: Hammond has connected on 42.4 percent of the 158 3-pointers he’s attempted and has gone 10 for 18 over the last three games. He’s also converted 78.3 percent of his foul shots this season.WINLESS WHEN: Niagara is 0-13 when scoring fewer than 62 points and 11-6 when scoring at least 62.COMING UP SHORT: Niagara has dropped its last seven road games, scoring 58.6 points and allowing 72 points during those contests. Canisius has lost its last three home games, scoring an average of 68 points while giving up 80.BALL SECURITY: The diligent Niagara offense has turned the ball over on 15.9 percent of its possessions, the 20th-best mark in Division I. 20.9 percent of all Canisius possessions have resulted in a turnover (the Golden Griffins are ranked 294th, nationally).___ March 5, 2020 Niagara looks for road win vs Canisius Associated Press center_img Share This StoryFacebookTwitteremailPrintLinkedinRedditNiagara (11-19, 9-10) vs. Canisius (11-19, 6-13)Koessler Athletic Center, Buffalo, New York; Friday, 7 p.m. ESTBOTTOM LINE: Niagara looks for its third straight win over Canisius at Koessler Athletic Center. Canisius’ last win at home against the Purple Eagles came on Feb. 25, 2016. For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comlast_img read more

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We Always Believed, Says Solskjaer

first_img“We always believed, that’s the thing,” Solskjaer told reporters. “We set out the plan and it wasn’t about the ball.“The plan was to get the first goal, be in the game with 10 minutes to go,” he added.Romelu Lukaku put United ahead after two minutes and although PSG equalised, the Belgian grabbed his second before halftime and Marcus Rashford’s stoppage-time penalty sealed a famous win.It continued United’s remarkable transformation since Solskjaer took over as interim manager from Jose Mourinho in December and the Norwegian looks increasingly likely to get the job on a permanent basis.“It’s been a fantastic time with the players and staff I’ve got working with me. I’m going to enjoy this job as long as I have it, I’m gonna smile,” Solskjaer said.“I’m going to do the job as well as I can.”That United were without several first-choice players due to injury and suspension, including France midfielder Paul Pogba, made the victory even more surprising.“The fact we had injuries and suspensions, maybe it was a good thing today because we had a fresh team,” Solskjaer said.Rashford held his nerve under intense pressure to convert his first penalty in a competitive match for United.“Just keep a cool head, you know. They’re the type of things you practise every day. I wanted to take it … we got the goal, and we’re progressing,” Rashford said.“That’s probably the hardest thing, the wait before, (but) it’s all part of the game, those moments, you want to get through those moments,” he added.“Everything seemed to be against us, but we’re used to surviving in these moments, and today just proved that one more time. We go forward from this game now, but we can still improve of course, keep pushing and keep bettering ourselves,” Rashford added.Solskjaer, for one, was not surprised how cool the 21-year-old England striker had been under pressure.“Absolutely fantastic, the kid has got no doubts. When you’re young you don’t have any fear,” he said.Meanwhile, injured IParis St Germain striker Neymar lashed out at the video assistant referees (VAR) system on Wednesday, calling the late penalty decision that led to their elimination from the Champions League a “disgrace”.The penalty, awarded for handball against Presnel Kimpembe after the referee consulted the VAR, put the English club through on away goals.The decision infuriated Neymar, who watched the match from the stands after returning a few hours earlier from partying at Rio de Janeiro’s famous carnival.“This is a disgrace! And they put four guys there who don’t understand football to look at a slow motion replay … It’s just not possible!“How is a guy going to hold his hand behind his back,” he wrote in Portuguese on Instagram, before finishing with an expletive commonly used in Brazil.Neymar missed both legs of the tie after injuring his foot in January.The Brazil captain joined the French club from Barcelona in August 2017 for a world record fee and the Champions League has become the holy grail for him and a club that have spent big to fulfil that goal.However, this latest defeat marked the third time in three years they have failed to make the last eight of the Champions League.Even though Wednesday’s loss was just their third in 51 European games at the Parc des Princes, they have never reached the semifinals of the continent’s premier club competition.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Ole Gunnar Solskjaer UCL FALL OUTManchester United manager Ole Gunnar Solskjaer said his team always believed they could pull off a remarkable comeback against Paris St Germain to reach the Champions League quarterfinals.United lost the first leg 2-0 at Old Trafford but beat the French champions 3-1 in Paris on Wednesday to progress to the last eight on away goals.last_img read more

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