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EU moves closer to debt action as Italy angles for compromise

ROME/BRUSSELS ( ) – The European Union moved closer on Tuesday to taking disciplinary action over Italy’s growing debt, as authorities in Rome made tentative steps to avert a procedure that could saddle the country with large fines and alienate investors.

Envoys of EU governments agreed that action was warranted, a confidential document seen by showed, confirming the assessment of the European Commission that Italy is in breach of fiscal rules by failing to cut its huge public debt.

The Commission’s outgoing president, Jean-Claude Juncker, said Italy was “moving in an unsound direction” and risked a procedure that could last years.

Italy and the Commission have been at loggerheads on fiscal issues since a euroskeptic coalition government took office in Rome a year ago armed with ambitious spending plans.

However, in a rare show of unity after successive bouts of infighting in recent months, the coalition’s leaders agreed overnight on a willingness to address the EU’s concerns.

Prime Minister Giuseppe Conte said after they met that they would work together to avert the disciplinary action.

“Our shared goal is to avoid the infringement while safeguarding economic growth, employment, as well as tax cuts,” added Deputy Prime Minister Matteo Salvini of the far-right League.

Italy’s debt has risen steadily from a pre-financial crisis low of 104% of domestic output in 2007 and now stands at 132%, second only to Greece’s within the euro zone. The Commission forecast it will rise further to 135% next year.

Brussels also wants Rome to cut its structural deficit, which excludes one-off revenues, to make its debt more sustainable.

Related CoverageItalian deputy PM Di Maio says coalition meeting went well

EU governments agreed the disciplinary procedure would be avoided if Rome made new offers, two European sources said.

‘NO TAX INCREASES’

But, emboldened by the League’s strong showing in last month’s European elections and in local polls, Salvini has made tax cuts a priority and has repeatedly taken aim at Brussels, calling for an overhaul of EU fiscal rules.

He insisted on Tuesday that “there won’t be any budget correction nor tax increases.”

Finance Minister Giovanni Tria, a technocrat, played down the events in Brussels, saying the final decision would lie with the bloc’s finance ministers.

He ag上海夜生活论坛reed a budget correction was not necessary, though one would be implemented if needed, and said Italy’s deficit would be lower than initially forecast due to lower expenditure.

But that may not be enough to stave off EU action.

Brussels will now intensify talks to obtain more fiscal commitments from Rome.

But if no compromise is found, the EU Commission could recommend the opening of the procedure as early as June 26, one official said. EU states would have then to agree to formally launch it in their last meetings before the summer break on July 8-9. The procedure could also lead to unprecedented fines.

To complicate the picture, Rome is also scrambling to avoid a sales-tax increase worth 23 billion euros, which is due to kick in automatically next year unless the money can be found elsewhere.

Both the League and its coalition partner 5-Star Movement have ruled out a sales tax hike, but have yet to spell out how they will cover the gap.

G20 finance chiefs express concern over risks from ‘intensified’ trade conflict

FUKUOKA, Japan ( ) – Group of 20 fi上海夜生活论坛nance leaders on Sunday said that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict.

After fiery negotiations that nearly aborted the issuance of a communique, finance ministers and central bank governors meeting in southern Japan repeated tepid support for a rules-based multilateral trading system.

“Global growth appears to be stabilizing and is generally projected to pick up moderately later this year and into 2020,” the G20 finance leaders said in a communique issued as the meetings in Fukuoka closed.

“However, growth remains low and risks remain tilted to the downside. Most importantly, trade and geopolitical tensions have intensified. We will continue to address these risks and stand ready to take further action.”

It also said that G20 finance leaders had agreed to compile common rules by 2020 to close loopholes used by global tech giants such as Facebook and Google to reduce their corporate taxes.

The communique also contained pledges to increase debt transparency on the part of borrowers and creditors. Another priority is sustainable infrastructure development, an issue brought into sharper focus by concerns that China’s massive Belt and Road infrastructure drive was saddling poor countries with debt they can’t repay.

DROPPED CLAUSE

However, the final language excluded a proposed clause to “recognize the pressing need to resolve trade tensions”, which was dropped from a previous draft debated on Saturday.

The deletion, which G20 sources said came at the insistence of the United States, shows a desire by Washington to avoid encumbrances as it increases tariffs on Chinese goods. The statement also contains no admissions that the deepening U.S.-China trade conflict is hurting global growth.

International Monetary Fund (IMF) Managing Director Christine Lagarde emphasized that “the first priority should be to resolve the current trade tensions” while working to modernize international trading rules.

Related CoverageBOJ Kuroda: G20 reaffirms commitment to use all tools to fight risksECB’s policy message well understood by market: ViscoSee more stories

The IMF this week warned that, while growth is still expected to improve this year and next, the U.S.-China tariff war could cut 0.5 percent from global GDP output in 2020, about the size of G20 member South Africa’s economy.

U.S. Treasury Secretary Steven Mnuchin on Saturday said he did not see any impact on U.S. growth from the trade conflict and that the government would take steps to protect consumers from higher tariffs.

Mnuchin met People’s Bank of China (PBOC) Governor Yi Gang on Sunday in the first meeting of high-level U.S. officials in a month, but it produced no immediate result. Mnuchin described the meeting as “constructive” and “a candid discussion on trade issues”, but offered no further detail.

The PBOC said in a statement that the two finance officials “exchanged views on global economic and financial situation, G20 issues, as well as topics of mutual interest”.

The Buenos Aires G20 summit in December 2018 marked the start of a five-month trade truce between the United States and China to allow for negotiations to end their intensifying trade war. But those talks hit an impasse last month, prompting both sides to impose higher tariffs on each other’s goods as the conflict nears its first anniversary.

TRUMP-XI SUMMIT

The widening fallout from the U.S.-China trade war has tested the resolve of the group to show a united front as investors worry if policymakers can avert a global recession.

The bickering over trade language has dashed hopes of Japan, which chairs this year’s G20 meetings, to keep trade issues low on the various agendas at the finance leaders’ meeting.

Mnuchin said that U.S. President Donald Trump and Chinese President Xi Jinping would meet at a June 28-29 G20 summit in Osaka, but the meeting has not been confirmed by China.

The planned meeting was said by Mnuchin to have parallels with the two presidents’ Buenos Aires meeting on Dec. 1, when Trump was poised to increase tariffs on $200 billion of Chinese goods.

Trump took that step in May and will be ready to impose similar 25% tariffs on a remaining $300 billion list of Chinese goods around the time of the Osaka summit.

At the Buenos Aires meeting, the G20 leaders described international trade and investment as “important engines of growth, productivity, innovation, job creation and development. We recognize the contribution that the multilateral trading system has made to that end,” their communique said.

The leaders in that communique called for reform of World Trade Organization rules that they said were falling short of objectives and pledged to review progress at the Japan summit.

TREASURIES-Yield curve flattens after inflation edges higher

NEW YORK, June 11 ( ) – A drop in two-year Treasury prices flattened the yield curve on Tuesday after a Labor Department report showed producer prices increased in May for the second consecutive month, pointing to a steady pick-up in underlying inflation pressures.

Producer prices excluding food, energy and trade services rose 0.4% last month, matching April’s gain, the government said. The so-called core PPI increased 2.3% in the 12 months through May after rising 2.2% in April.

The report appears supportive of the Federal Reserve’s view that recent weak inflation readings are transitory. Fed policymakers are scheduled to meet on June 18-19 against the backdrop of rising trade tensions, slowing U.S. growth and a sharp step-down in hiring in May that have led financial markets to price in at least two interest rate cuts by the end of 2019.

A rate cut, however, is not expected next Wednesday.

An increase in inflation could temper those expectations, because the Fed uses rate hikes to contain gains in inflation. The two-year yield, which reflects market expectations of rate hikes, rose 3.4 basis points to 1.934% in morning trade. That narrowed the spread between two- and 10-year yields, the most common measure of the yield curve, to 22.1 basis points from 23.9 on Monday.

Investors will closely watch the consumer price index report on Wednesday for further evidence of inflation. Expectations for a cut in July have been roughly stable since Monday, last around 66.7%, according to CME Group’s FedWatch tool.

“Really the key data point for this week is going to be CPI. It is a question of whether inflation is transient – every data point is going to be important to make that determination,” said Subadra Rajappa, head of U.S. rates strategy at Societe Generale.

The Treasury Department’s auction of $78 billion of government debt this week, beginning with the sale of $38 billion in three-year government notes on Tuesday, will also be in focus. Increased supply tends to lower prices and lift yields, broadly the trend in Tuesday morning trade.

“The focus is going to be on supply so there might be a little bit of a concession getting built into the market ahead of the auctions,” said Rajappa.

“We’ve seen a tremendous rally in bonds, so given today’s concession I think the three上海夜生活网-year auction should go OK.”

UPDATE 1-Speculators cut bullish bets on U.S. dollar – CFTC and

(Adds dollar, yen and yuan details)

By Kate Duguid

NEW YORK, May 10 ( ) – Speculators cut their net long bets on the U.S. dollar in the latest week, according to calculations by and Commodity Futures Trading Commission data released on Friday.

The value of the net long dollar position was $38.08 billion in the week ended May 7, down from $38.88 billion the prior week.

To be long a currency means traders believe it will rise in value, while being short points to a bearish bias. The speculative market has been long on the dollar since mid-June last year.

U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the yen, euro, British pound, Swiss franc, and Canadian and Australian dollars.

In a broader measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the U.S. dollar posted a net long position of $34.34 billion in the week to May 7, compared with $34.92 billion the previous week.

Speculators cut their bullish positions a上海夜生活网s the dollar index fell after U.S. President Donald Trump on May 5 said he would increase tariffs on up to $200 billion worth of imports from China – a policy which went into effect Friday. The ratcheting up of trade tensions also drove the offshore Chinese yuan to four-month lows.

In the latest week, speculators cut short bets on the Japanese yen for the first time since mid-February . The Japanese yen is a safe-haven currency and has benefited from increasing trade tensions between the United States and China.

GLOBAL MARKETS-Shares sink as U.S.-China trade talks go to the wire

* European shares follow Asia, NY lower on China-U.S. trade angst

* Beijing vows retaliation after USTR sets tariff hike in motion

* Trump says China “broke the deal”; talks resume on Thursday

* Asia and EM stocks at 2-month lows, South Korea sinks 3 percent

* European stocks near 6-week lows, safe-haven yen 3-month high

* Uber IPO pricing due later

* Copper near 3-month low

* Asian stock markets: tmsnrt.rs/2zpUAr4

By Marc Jones

LONDON, May 9 ( ) – World shares tumbled for a fourth day running on Thursday after a warning from U.S. President Donald Trump that a long-worked-on trade deal with China was in serious danger.

Chinese Vice Premier Liu He was heading to Washington for two days of talks but Trump’s insistence that China “broke the deal”, and then Beijing’s response that it would retaliate against tariffs were ratcheting up the stakes.

Europe’s main stock markets sank almost immediately after a torrid day for Asia had battered 1.8 percent off China and more than 3 percent off South Korea, which is often seen as the bellwether for how this trade war hits home.

Both countries’ currencies were hit too, the won skidding to a more than two-year low and the yuan to a four-month trough, which kept traders buying the traditionally safe Japanese yen and U.S. and German bonds instead.

“Markets remain on edge ahead of the Chinese vice premier’s visit to Washington today,” Rabobank analyst Bas van Geffen said.

“Doubt that this tariff increase can be avoided is growing,” he added as Goldman Sachs also put the chance of a hike at 60 percent.

If talks do fall short, Washington has promised to raise tariffs on $200 billion of Chinese goods to 25 percent from 10 percent at 12:01 a.m. ET (0401 GMT) on Friday. For economists, the worry is that it will further slow the global economy.

Kazuhiko Fuji, senior fellow at RIETI, a Japanese government-affiliated think-tank, said the trade talks looked fragile.

“I would suspect the U.S. will just hand China an ultimatum. No wonder the U.S. yield curve is almost inverting again,” he said.

The yield spread between three-month U.S. government bonds and the 10-year notes shrank to 3 basis points, compared with about 15 basis points a few weeks ago.

The closely watched spread turned negative in late March, spooking investors, who read the development as portending a recession.

The benchmark 10-year Treasury yield stood at 2.4423 percent in Europe, having touched its lowest level in five weeks of 2.426 percent on Wednesday.

Wall Street futures pointed to a 0.85 percent lower start after a choppy previous session had seen the Dow Jones Industrial close fractionally higher but the S&P 500 and Nasdaq drop 0.2 percent and 0.3 percent.

TAXI!

As well as the trade headlines, traders will also be closely watching the pricing on ride-hailing firm Uber’s initial public offering, which is set to be the biggest of the year so far.

“In the event of a complete breakdown in talks and higher tariffs, we would expect this to see U.S. stocks trade 10–15 percent below their highs and a fall of around 15–20 percent in the Chinese market,” Mark上海夜生活网 Haefele, global chief investment officer at Global Wealth Management at UBS, said.

In the currency market, the Japanese yen surged to a three-month high of 109.64 yen while China’s yuan fell half a percent to hit a four-month low of 6.838 and was headed for its worst four-day decline in a year.

Sterling, meanwhile, tried to brush off signs that Brexit talks between Britain’s government and the main opposition party may soon collapse to claw back above the psychologically key $1.30 level.

Commodity markets also felt the U.S.-China trade strains.

Brent crude futures dropped 0.6 percent to $69.92 a barrel, while U.S. West Texas Intermediate crude also retreated 0.6 percent to $61.75 despite a surprise fall in U.S. crude stockpiles..

Benchmark London copper hit its lowest in nearly three months, going as low as $6,111 a tonne.

General Electric CEO sets low 2019 profit targets, vows better from 2020

( ) – General Electric Co Chief Executive Larry Culp on Thursday set conservative profit targets for this year and staked his reputation on hitting them and doing better in 2020 and beyond, igniting a rally in the stock.

Culp’s detailed pep talk, which drew praise from Wall Street analysts on a conference call, swiftly reversed an earlier rout in the stock as he stressed GE was serious about its targets after years of missing profit expectations.

The forecast was low largely because GE will be spending $2.5 billion on restructuring this year,上海夜生活论坛 Culp said, adding the investment would pay off after a tough 2019.

“This is what constitutes a ‘reset,’” Culp said, using a word many analysts had longed to hear.

“The market should interpret a high level of conviction (in the forecast) simply because this team, in a public forum, is laying this roadmap out, mindful of the realities of 2019 but I think also optimistic … about the impact of what we’re doing.”

Culp did not soft-pedal the short-term pain. He said 2019 adjusted profit would be 50 cents to 60 cents a share, below analyst estimates of 70 cents, and GE could lose as much as $2 billion in cash from its industrial businesses, putting a number on a warning he issued last week.

The company expects free cash flow at GE Power to remain negative in 2020 before turning positive in 2021.

Investors are looking closely at GE’s cash and earnings after the company lost nearly $23 billion last year.

The outlook is “arguably better than expected,” said Deane Dray, an analyst at RBC Capital Markets.

The company did not make reference to any potential hit to its jet engine unit from the recent global grounding of Boeing Co’s 737 MAX aircraft. GE and partner Safran SA make the engine that powers all 737 MAX planes.

GE shares were up 2.9 percent at $10.31 in afternoon trading, after falling 4 percent in premarket activity shortly after the forecast was released. GE bonds also rose slightly.

“While lowered guidance is not a positive, we think GE’s plan and progress show it’s moving in the right direction,” said Jim Corridore, analyst at CFRA.

Culp also left considerable wiggle room in the forecast by including an unspecified amount of “contingency” money to cover hard-to-predict costs, such as when it will conclude big asset sales and how its power unit will perform.

JPMorgan analyst Stephen Tusa voiced concern that the gap between GE’s cash flow and earnings forecasts was the widest he had seen, which likely will mean analysts’ profit estimates are too high.

Culp said that although GE was taking “a safe conservative posture in this reset year … Rest assured, operationally, we’re running hard.”

Publishers sue Peloton for using songs by Katy Perry, Rihanna, Timberlake, others

NEW YORK ( ) – Publishers representing the writers of songs by Bruno Mars, Katy Perry, Rihanna, Justin Timberlake, Carrie Underwood and hundreds of other artists sued Peloton Interactive Inc on Tuesday, accusing the maker of video-streaming stationary bicycles of copyright infringement.

In a complaint filed in Manhattan federal court, the 10 publishers are seeking more than $150 million in damages, accusing Peloton of exploiting their songs by using more than 1,000 in its videos without permission.

They said Peloton must stop “trampling” their rights by using their songs for free. They noted that the company having obtained song licenses from other publishers showed it “full上海夜生活网y understood what the copyright law required.”

Peloton, in a statement, said it is reviewing the complaint. It also said it has “great respect for songwriters and artists,” and has “invested heavily to build a best-in-breed reporting and licensing system.”

The New York-based company is expected to seek a more than $4 billion valuation in an initial public offering that could occur in the second half of 2019, The Wall Street Journal said.

Founded in 2012, Peloton sells bicycles starting at $2,245, in packages that it said require signing up for memberships to access live and on-demand classes for cycling, running, yoga and other activities. Access to unlimited classes costs $39 a month.

The 10 music publishers include Big Deal Music, Downtown Music Publishing, Ole, Peermusic, Pulse Music Publishing, Reservoir, The Richmond Organization, Round Hill, Royalty Network and Ultra Music.

They said Peloton’s infringements cover songs by a who’s who of the music industry, such as the unauthorized use of Rihanna’s “Umbrella” in at least 55 workout videos.

The list of alleged infringements includes such songs as Mars’ “Grenade,” Perry’s “Roar,” Timberlake’s “SexyBack” and Underwood’s “Before He Cheats.”

It also includes older songs such as Celine Dion’s version of John Lennon and Yoko Ono’s “Happy Xmas (War Is Over),” Rush’s “Tom Sawyer” and Bobby “Boris” Pickett’s Halloween staple “Monster Mash.”

David Israelite, chief executive of the National Music Publishers’ Association, a trade group representing the plaintiffs, in a statement said music was responsible for much of Peloton’s business success.

“We look forward to getting music creators what they deserve,” he said.

The case is Downtown Music Publishing LLC et al v Peloton Interactive Inc, U.S. District Court, Southern District of New York, No. 19-02426.

Howe left frustrated after being held by West Ham

Eddie Howe, the Bournemouth coach, admitted that he was a bit frustrated as his side conceded an almost immediate equalizer against West Ham United and they were held to a 1-1 draw.

Ryan Fraser scored the first goal of the game in 71st minuted for the home side but it wasn’t enough to win the match anyway as Javier Hernandez equalized just two minutes after that the clash ended 1-1. It means that the Cherries haven’t been beaten for five matches in a row but despite that, Howe was a bit disappointed while being in charge of the club in his 100th Premier League game.

The talented British coach spoke about this match as he said, according to Sky Sports: “We didn’t start the game particularly well, we came under pressure early but did well to defend that and not concede. We grew into the game and scored a great goal from our perspective, and looked a real threat on the counter-attack in the second上海夜生活论坛 half. The frustrating thing is the timing of their second goal.”Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

He also insisted that it was probably caused by the lack of concentration: “There was no time to enjoy it or build on it, which is frustrating. I don’t think the lads switched off or that it was a concentration issue, it was just the fact we didn’t win two big headers outside our box. It’s a frustration because at that stage I thought we were the better team and we were looking to build upon a great goal.”

In the end, Eddie Howe claimed that he was pleased by the performance of his two substitutes, Joshua King and Junior Stanislas: “Junior’s pass for our goal was sublime. He’s got the quality and makes us play very good football, so we’re delighted to have him back.  Josh has been such a key player for us in recent times, hopefully, those guys can give us a real lift.”

Francis believes that Sanchez can be the United’s missing part

Gerry Francis, the former Quee上海夜生活ns Park Rangers player, insisted that Alexis Sanchez is the “finished article” the Red Devils desperately needed to buy to become one of the greatest world’s clubs again.

The former QPR player spoke about Sanchez’s skills as he said, according to Sky Sports: “Sanchez is a real goalscorer, he’s talented and he’s aggressive around the box and he makes things happen, he can pull teams through. It’s [about] the present, you’re looking to win trophies and looking to win competitions and sometimes you need to buy and have the finished article and Sanchez is certainly that.”

He also shared his thoughts on his effect on the squad: “It just makes them as a squad that much stronger. Certainly a much bigger goal threat with Sanchez. He’s proven year in and year out that he can score goals. From Jose Mourinho’s point of view, it gives him another very, very strong arrow for his bow.”Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

Peter Odemwingie, the former West Brome striker, also believes that Sanchez will have an immediate impact: “If you look back 10 years when Manchester United were probably the most successful team in Europe the average age was much higher and they were a better team.  Of course, all credit to the younger boys they are doing really well but it’s a more natural process to slowly groom them and not just make them key players. I think a bit of maturity is needed to go back to the heights they were before.”

In the end, Odemwingie said that Sanchez will make the everyone’s stats better: “They [younger players] took their chances well but stats should be what they rely on, and if Sanchez comes in and his stats are better – as much as you think they are the future of the club – they have to be patient and wait for the time they are ripe enough for such a massive club.”

Ronaldo unsettled

The world class superstar is growing increasingly frustrated with his wage and performances

Real Madrid icon, Cristiano Ronaldo is reportedly unsettled with his current situation at Real Madrid, according to ESPN.

The 33-year-old has been under a spell of poor form, as of late. Cristiano’s frustration on the pitch grows with each lackluster performance, and one can only wonder how long this stint will last.

Cristiano Ronaldo is one of the most accomplished footballers of all time, with; five Ballon d’Or’s, four Champion’s League trophies, two La Liga-titles, three Premier League-titles, to note a small fraction of Cristiano’s success.Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

The portugese national must find his infamous form, in order to keep up with rival players, such as Messi and Neymar, in the run for this years Ballon d’Or award.

It is reported that Cristiano Ronaldo feels hard done by, regarding his wage. Under agent Jorge Mendes, Ronaldo will be aware of the ever-growing list of players worldwide, that earn more than he does. He has reportedly contacted 上海夜生活网Real Madrid regarding a pay rise since May, only seven months after signing a new contract with Real Madrid.

Ronaldo’s newly signed contract keeps him at Los Blancos until 2021.

Rivaldo confident Coutinho will thrive in Barcelona

The Reds ace is still heavily linked with a move to Camp Nou.

Liverpool midfielder Philippe Coutinho will be a success in Barcelona, according to former Catalan Rivaldo. The ‘Magician’ from Anfield was a subject of serious speculations over the summer transfer window, and the rumours linking him with the Catalans have once again surfaced the media.

The Catalans will surely have to fork out a big amount of money to secure the Brazilian, but former Brazil international Rivaldo has no second thoughts regarding Coutinho, whom he sees as a perfect fit for the La Liga side.

“I do not know if the signing will be made or not because there is a lot of money involved, but I am convinced that if he comes to Barca, he will succeed because it is easy to succeed here with the quality he has.” Rivaldo said in front of Mundo Deportivo.Leicester boss Brendan Rodgers relishing Liverpool return Andrew Smyth – Brendan Rodgers is relishing Leicester City’s trip to his old club Liverpool, whom he described as a “privilege” to work for during his three-year stint.

“His football will be embraced by the fans of Barca.”

Meanwhile another Brazilian, Paulinho, has proven to be a great ba上海夜生活rgain for Barca, following a surprising move from the Chinese side Guangzhou Evergrande.

“Paulinho is doing a great job.” Rivaldo added.“He is an important player in both Barcelona and the national team.”

Coutinho doesn’t know where he’ll play

Philippe Coutinho admitted that he still doesn’t know where his future lies and he is unsure whether he will remain with Liverpool as Barcelona were trying to bring him desperately.

He handed a transfer request at the end of the summer transfer window but the Reds didn’t allow him to go – and despite being forced to stay, he has been in a really good shape lately and he was given a chance to wear a captain armband in his side’s latest match against Spartak Moscow. To be added, the Brazilian scored a hattrick in that game and he showed that he is still a very valuable player at Anfield.

The former Inter Milan player spoke about his future as he said, according to Sky Sports: “I am at Liverpool and I always do my best when I have the opportunity to play, respecting the jersey and the supporters. I do not know how the future is going to be. What will happen in January, we will know it in January. I do not know if there will be an offer.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Re上海夜生活网al Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He continued by adding that he was interested in moving to Barca: “Last summer there was a job offer in the same way that happens with any employee and I was interested in it. Since I stayed I have played with will and desire. Of course, a lot happened in the summer but my will is always to play and do the best wherever I am – that has not changed. I am here (at Liverpool), we have a lot of games and I try to do my best to help.”

In the end, Philippe Coutinho spoke about the last match and a remarkable 7-0 win: “It was a special night due to the result and because I had the armband in such an important game playing for a club like Liverpool. For sure this is my most important hat-trick. In the Champions League it was my first one, I scored one for Brazil but this was more important.”

Arthur: No deal with Barcelona

Gremio midfielder Arthur claimed he has signed no deal with FC Barcelona, despite meeting the Catalan side

The 21-year-old prospect says that “first contact” has been made with Ernesto Valverde’s men but him signing a contract is still far away, despite speculations of a potential transfer move in January.

Arthur has been heavily linked with a transfer to the La Liga giants, especially after the midfielder was spotted wearing a Barca shirt last week. That was enough to get speculators going.

After that incident, many suggested that a deal had already been completed between Gremio a上海夜生活nd Barcelona, yet the 21-year-old midfielder has denied that is the case.

“On the Barcelona issue, they really talked to me. We had a meeting, but I want to clarify that we have nothing agreed or defined,” Arthur told Esporte Interativo.Opinion: FC Barcelona needed to end the internal war Tomás Pavel Ibarra Meda – After a victory at Camp Nou, we believe that FC Barcelona did well by ending the internal war between players and the board ASAP.Those…

“It’s a club that I admire a lot. It was only first contact for them to get to know me and my family, and for me to meet them, let’s take it easy. There is nothing definite, but we did have a conversation.”

“I’m a Gremio player. My agent did not negotiate any contract. That did not happen. Any deal has to be good for me and good for the club, which is my home, where everything started. I arrived with 14 years, I am a Gremio fan at heart, my blood is blue,” he added.

The midfielder was named as the outstanding player in the Copa Libertadores final, which many suggest could be a sign of him getting interest from more big European clubs.

Despite the interest of other club giants, such as Manchester United, Barcelona reportedly went on to submit a €35 million bid for the youngster, but the Brazilian club have refused the amount. They probably know some clubs will pay even more for the youngster’s signature.

Preview: Monaco – Besiktas

Besiktas are top of Group G with six points and will be travelling to Monaco to face the team at the bottom of the group, with only one point acquired in the first two matches.

Flashscore presents the key facts before the match:

Alvaro Negredo (Besiktas) scored the goal to knock Monaco out of the tournament (4-3 aggregate win) in the play-off round of ‘15/16 when he was a Valencia player.

Falcao has scored 14 goals in 15 games in all competitions this season. He also has history with Besiktas, having scored home and away whilst at Porto in the Europa League campaign of ‘10/11.

Monaco have a strong home record in European competition and are unbeaten in 12 of their last 15 home games, a run they will hope carries on after a poor start to the group stage (D1, L1).Willian warns Chelsea of ‘difficult’ Ajax threat Andrew Smyth – Willian admits Chelsea will need to prepare well for their next Champions League clash at Ajax after overcoming Lille OSC 2-0 on Wednesday.

There is always potential for a goal fest when Monaco take to the field, as there has been over 2.5 goals in 9 of their last 11 games.

Besiktas are not afraid of a big challenge, with on average 16.25 fouls, and 2.5 cards per game this season. They have a foul per tackle r上海夜网atio of 1.05, making on average more fouls than clean tackles per game.

Missing players

Monaco: L. Badiashile (arm injury), G. Carillo (foot injury), S. Jovetic (thigh injury)

Besiktas: D. Boyko (doubtful), A. Nukan (doubtful), G. Tore (doubtful)

Real need someone like Mbappe

Former Madrid star Steve McManaman thinks Real need a player like Mbappe, and not Harry Kane

Steve McManaman says Los Blancos should be looking for a young prospect like Kylian Mbappe. The former 上海夜生活Real star doesn’t like the idea of spending €200 million on Tottenham striker Harry Kane.

Real Madrid continue to be linked with Spurs’ outstanding attacker, Harry Kane. The English striker has already been called as the “successor” of Cristiano Ronaldo.

Kane’s impressive form for both Spurs and England has made him Real Madrid’s target. The English striker has won two Golden Boot awards in the last two seasons in London and is likely to win the third one at the end of this season.

McManaman, though, feels that Real would be better advised signing a player with potential to unlock rather than paying over the odds for a proven performer, GOAL reports.

The former Real midfielder spoke to MARCA before the highly-expected game between Tottenham and Real Madrid at Wembley:  “I would prefer [to sign] a young boy like Kylian Mbappe.”

“It’s very difficult to sign Kane. The price of footballers today is crazy,” McManaman said.Explaining FC Barcelona’s war between players and board Tomás Pavel Ibarra Meda – We need to shed some light into what is actually happening between FC Barcelona’s players and the board of directors.We need to address this…

The 45-year-old retired midfielder said he can’t understand Kane’s price: “You need to pay €200 million for Kane and I do not understand those figures.”

While McManaman feels a big-money move for Kane makes little financial sense, he does believe that the 24-year-old would find it easy to settle in Spain, GOAL continues.

Not many players are willing to make the move from the Premier League to any Spanish clubs, because of the huge differences in for example culture and language.

McManaman added: “In England the clubs are very professional, and it is a great place to be.”

The 45-year-old said Kane wouldn’t have problems with getting around in Madrid, and Real players who speak English could easily help him.

“Kane can stay in London because he is happy with his family. But if he moved to Real Madrid, surely he wouldn’t have problems adapting.”

“Cristiano Ronaldo, Luka Modric and other players speak English and can help him. Madrid is also a beautiful city,” he concluded.

Pickford sure that his side won’t be relegated

It has been a terrible season so far for the Toffees but their goalkeeper, Jordan Pickford, is confident that they can turn it around and avoid the relegation but they need to focus on themselves and improve.

Everton are currently placed 18th in the Premier League table and they are out of the Europa League after just four matches being played – now, they are about to face Watford at home and it’s going to be a crucial match for them as they need to escape the relegation zone in order to boost their confidence.

The former Sunderland goalkeeper and summer arrival, Jordan Pickford, is sure that his side won’t be relegated as he said, according to Goal: “It’s not been ideal but we are not far away from winning games. We’re not a club that is going to be in the bottom three for long I’d say. It’s just that the luck hasn’t come our way yet. It’s a totally different scenario for myself from last season. I think one win will get us to 13th or something in the league.”Wijnaldum looking to repeat Champions League success Nedim Maric – Liverpool are the reigning winners of the Champions League. However, this isn’t stopping them for aiming to get the glory once again.After a perfect…

And he knows that his side have to start improving to regain the confidence: “Then that one win can become back-to-back wins, and that is where the confidence grows, and it starts Sunday. We have had a bad lot of games. I love playing games week in week out, but it has been a change with the Europa League. That may have affected us. But we can’t be making excuses. We have to just move forward, dig in and get the win.”

The England international believes that his teammates are experienced enough to turn it around: “You have [fellow summer signing Wayne] Rooney, you have a lot of people who have been successful. The senior pros have all been successful in their careers, and that is where they help us. And then that is when the young lads become big characters when上海夜网 they wear their hearts on their sleeves in the games. We won’t be struggling – it will only make us go forward and get the wins that we need.”

Marseille to conduct internal investigation over Evra

Olympique Marseille informed that they will open an internal investigation to establish ‘all responsibilities’ after Patrice Evra hit a French supporter.

Marseille travelled to Portugal for their Europa League match against Guimaraes. During the warm-up, Patrice Evra was involved in a fight with some of the travelling fans, ending up hitting one of上海夜网 them with his foot in the head. Evra was sent-off by the referee and had to watch the game from the stands, although he was expected to start for Marseille.

The club posted a statement on their official website saying: “In any case, a professional player has to remain calm in front of provocative gestures and insults, no matter how unjustified they are.”Can Marseille make it to the Champions League? Taimoor Khan – With a depleted workforce with not a lot of quantity or quality, Olympique de Marseille are bound to struggle this season. After being held…

Patrice Evra became the first player in the history of Europa League to be sent off before the start of the match. Before the incident, some of OM’s fans had a verbal dispute with the player. According to the Portuguese press, French fans tried to enter the pitch to fight Rudi Garcia’s players. After verbal exchanges, Evra reacted violently, hitting one of the fans in the head with his foot. The stewards had to intervene to avoid the escalation of the situation.

Patrice Evra has 81 selections for the France national team, but the 36-year-old has been criticised recently for his performances at Marseille, losing his starting place in the team in favour of Jordan Amavi.

Evra’s gesture reminded of another former Manchester United player, Eric Cantona. In 1995, Cantona hit a Crystal Palace fan during a Premier League match, receiving a nine months suspension from the Englis Football Association.

Barcelona monitoring Leverkusen trio

Barcelona are looking for solutions to boost their squad options and they have put three Bayer Leverkusen players on their list.

Barcelona had a good start of the season, finding themselves at the top of La Liga table, five points clear of rivals Real Madrid. However, the Catalans are still looking for reinforcements, after a summer in 上海夜生活网which their transfer business was far from impressive.

Having lost Neymar to PSG for €222m, the Catalans spent the rest of the transfer window looking for worthy replacements. And although they have been linked with some very big names, they have only brought in Ousmane Dembele from Borussia Dortmund. Furthermore, the French forward got injured two weeks into the season and will be unavailable for the rest of the year.Pique sends a warning message to the board after Barcelona scrape the win against… Nedim Maric – The turmoil at the beginning of the season caused a lot of concerns at Barcelona.Shaky start of the season for Barca saw them get…

Although reports suggest that Barcelona have not given up at the thought of bringing Philippe Coutinho from Liverpool, the Catalans are also looking for alternatives. The Spanish newspaper Sport writes that Ernesto Valverde’s side are currently monitoring three Bayer Leverkusen players: Jonathan Tah, Julian Brandt and Leon Bailey.

Jonathan Tah is a 21-year-old centre back who has attracted a lot of interest lately, especially from Premier League clubs. Leon Bailey (20) and Julian Brandt (21) are both wingers that can play on any side of the attack. Brandt is a German international and has also attracted interest from major clubs, Bayern Munich monitoring his progress in Bundesliga.

The three Leverkusen players could prove to be a worthy alternative to Philippe Coutinho, as they will probably require around the same transfer fee expenditure, but would in turn provide much more options in the squad. Furthermore, all three of them are very young and have a lot of playing time ahead of them, as well as margins for further development.

Eriksson insists Rooney deserves more praise

The former England manager believes the Everton striker did not receive the respect he should have.

Wayne Rooney deserved to be loved by the English crowd just like Francesco Totti was in Italy, insists Sven-Göran Eriksson.

The former Manchester United striker retired from the national squad in August after scoring 53 goals in 119 caps for England. Yet, he was widely criticized for his performances despite his great record for the Three Lions throughout his 上海夜网career.

Eriksson, who was in the managerial position of England from 2001 to 2006, thinks that Rooney deserved more from the fans, comparing the Englishman to Italy legend Totti.Rooney’s soon to be new club Derby in drink driving shame George Patchias – Wayne Rooney’s soon to be new club Derby County, has been shamed by a double player drink driving incident.Reports surface ate Tuesday night of…

“The treatment of Wayne Rooney told me something about the way England fans view the national team,” the Swede wrote in the Daily Mail.

“He’s the record goalscorer for both Manchester United and England: you can’t argue with that.

“If Rooney had been Italian, he would have been loved like Francesco Totti was at Roma. You don’t criticise Totti in Italy. There might have been reasons to, sometimes, but you don’t touch him.

“It isn’t like that with Wayne and England but I can tell you that he had to be dragged away from training because he loved to play and practice so much.”

UEFA will not investigate Manchester City

The Citizens will not be under UEFA Financial F上海夜生活论坛air Play investigation.

After the close-season reached its end, La Liga president Javier Tebas insisted that Manchester City and Paris Saint-Germain “funding by state-aid distorts European competitions and creates an inflationary spiral that is irreparably harming the football industry”.

The European governing body of football is already investigating the French club, but they announced Manchester City will not be taken into account.Pep Guardiola rules out January signings for Manchester City Andrew Smyth – Pep Guardiola revealed that Manchester City don’t have the cash to go out and buy new players in January despite his limited defensive options.

“There is no investigation into Manchester City with regards to FFP regulations. Any reports mentioning such an investigation are unsubstantiated.” reads a statement by UEFA.

Both clubs spent enormous amount of money during the summer transfer window. The Parisiens bought Neymar for 222 million euros from Barcelona and added Mbappe to their ranks on a loan deal, that will become permanent next year for a fee of 165 million pounds.

Meanwhile Manchester City spent around 215 million pounds overhauling their defensive options with the signings of Kyle Walker, Ederson Moraes, Benjamin Mendy and Bernardo Silva. However, Guardiola’ side sold several players, which left their net spending at around 130 million pounds, which seems quite normal, taking into account the current situation of the transfer market.