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Labour aim to seize parliamentary time to try to stop no-deal Brexit

LONDON ( ) – Britain’s opposition Labour Party said on Tuesday it would try to take control of the parliamentary agenda on June 25 to give lawmakers the chance to introduce legislation aimed at preventing a no-deal Brexit.

Several of the candidates vying to replace Prime Minister Theresa May have said they would not be 上海夜生活论坛willing to delay Britain’s European Union beyond the end of October, even if it meant leaving without a deal.

A majority of lawmakers oppose leaving without a deal and other leadership contenders have warned parliament will block any attempt to do so. One, former Brexit minister Dominic Raab, has even raised the possibility of suspending parliament until after Oct. 31 to prevent it happening.

“The debate on Brexit in the Tory (Conservative) leadership contest has descended into the disturbing, the ludicrous and the reckless,” said Labour’s Brexit spokesman Keir Starmer.

“None of the likely candidates for the top job has a credible plan for how to break the deadlock before the end of October.”

Labour said it would use an opposition day debate on Wednesday to vote on a motion, supported by lawmakers from several parties including the Scottish National Party, the Liberal Democrats and a member of May’s Conservatives, to seize parliamentary time on June 25.

If successful, Members of Parliament (MPs) could then use that time to introduce legislation to try and avoid Britain leaving on Oct. 31 without a deal, Labour said.

“MPs cannot be bystanders while the next Tory Prime Minister tries to crash the UK out of the European Union without a deal and without the consent of the British people. That’s why we are taking this latest measure to end the uncertainty and protect communities across the country,” Starmer added.

Earlier this year, MPs used a similar process to pass a law, despite government opposition, that mandated May to seek more time from the EU.

This alone would not have prevented a no-deal, as the EU has to agree to any extension. Only legislating to revoke the Article 50 exit notification would stop Brexit happening.

Ex-Trump adviser Flynn talking to Congress about testifying in Russia probe: lawyer

((In March 30 item, corrects spelling of Kislyak in paragraph 3))

WASHINGTON ( ) – Donald Trump’s former national security adviser, Michael Flynn, has offered to testify before congressional committees probing potential ties between the Trump campaign and Russia but wants protection against “unfair prosecution,” his lawyer said on Thursday.

“General Flynn certainly has a story to tell, and he very much wants to tell it, should the circumstances permit,” said a statement from Flynn’s lawyer, Robert Kelner.

Testimony from Flynn could help shed light on the conversations he had with Russian Ambassador to the United States Sergei Kislyak last year when he was the national security adviser for Trump’s presidential campaign.

Kelner said discussions had taken place about Flynn’s availability to testify with officials of the intelligence committees of both the U.S. Senate and the House of Representatives. Both committees are investigating allegations of Russian meddling in the U.S. election campaign last year as well as possible ties between the Trump campaign and Russians.

Flynn was forced to resign as Trump’s national security adviser in February for failing to disclose talks with the Russian ambassador before Trump took office about U.S. sanctions on Moscow and misleading Vice President Mike Pence about the conversations.

Questions remain about the scope of the discussions and what other contacts took place between other Trump advisers with the Russians. Earlier this week, the White House disclosed that Trump’s son-in-law and White House senior adviser, Jared Kushner, met executives of Russian state development bank Vnesheconombank, or VEB, in December.

U.S. intelligence agencies have said Russ上海夜网ia hacked emails of senior Democrats and orchestrated the release of embarrassing information in a bid to tip the presidential election in favor of Trump, whose views were seen as more in line with the Moscow’s.

Russia has denied the allegations. Trump has dismissed suggestions of links with Moscow as Democratic sour grapes for losing the election.

‘WITCH HUNT ENVIRONMENT’

The Wall Street Journal, citing officials with knowledge of the matter, reported on Thursday that Flynn had sought immunity from the Federal Bureau of Investigation and the House and Senate intelligence panels in exchange for his testimony. The newspaper said he had so far found no takers.

The House denied the Journal report. “Michael Flynn has not offered to testify to HPSCI in exchange for immunity,” committee spokesman Jack Langer said in a statement.

The FBI declined to comment. The Senate committee did not immediately respond to a request for comment.

Kelner’s statement did not mention the FBI.

He said Flynn “is now the target of unsubstantiated public demands by Members of Congress and other political critics that he be criminally investigated.”

Kelner said Flynn would not “submit to questioning in such a highly politicized, witch hunt environment without assurances against unfair prosecution.”Independent Senator Angus King, a member of the Senate Intelligence Committee, told CNN he could not confirm the Journal report, but “if that turns out to be the case, that’s a significant development I believe because it indicates that he has something important to say.”

Trump may discuss secretary of state job with critic Romney: source

NEW YORK ( ) – U.S. President-elect Donald Trump planned a Saturday meeting with Mitt Romney, the 2012 Republican presidential nominee and fierce Trump critic, and may discuss whether he should be a candidate for secretary of state, a source familiar with the meeting said on Thursday.

Trump already has a lengthy list of potential candidates for the post of top U.S. diplomat, including former New York Mayor Rudy Giuliani, former U.S. Ambassador to the United Nations John Bolton, U.S. Senator Bob Corker of Tennessee, and South Carolina Governor Nikki Haley, who met Trump on Thursday.

Trump, a former reality TV star, has shown a flair for the dramatic in his deliberations over his Cabinet, saying only he knows who “the finalists” are.

Corker told CNN on Wednesday he was “in the mix” for the position but that Trump might pick someone who was closer to him during the presidential campaign. He met on Thursday in Washington with Vice President-elect Mike Pence.

Trump’s expected meeting with Romney amounts to an olive branch of sorts to one of his sharpest critics. Romney, who in a speech in March called Trump “a phony, a fraud,” urged Republicans to vote for anyone but the New York real estate magnate while the party was picking its presidential nominee.

Trump, in turn, used harsh rhetoric at times during his campaign to dismiss Romney as a failure who blew a chance in 2012 to defeat Democratic President Barack Obama, whom Trump felt was a w上海夜网eak opponent.

The source told that a broad discussion was expected during the meeting and that discussion about the secretary of state position was possible. The source had said earlier his understanding was that the meeting would occur on Sunday.

Asked about the meeting, Trump senior adviser Kellyanne Conway suggested it was still being arranged. “We’re working on it,” she said.

‘TRUMP WILL MAKE DECISION’

“I think it’s good that the president-elect is meeting with people like Mr. Romney,” U.S. Senator Jeff Sessions of Alabama, one of Trump’s closest confidants and a potential nominee for defense secretary, told reporters at Manhattan’s Trump Tower.

Sessions sounded far from certain Romney would be offered a job.

“There are a lot of talented people that he (Trump) needs good relationships with. And I think Mr. Romney would be quite capable of doing a number of things. But he will be one of those, I am sure, that’s reviewed. Donald Trump will make that decision,” Sessions said.

When Romney, a former Massachusetts governor, opted out of running for the 2016 Republican presidential nomination, people close to him suggested that serving as secretary of state might be appealing to him if a Republican won the presidency.

Related CoverageSome members of Trump team can begin agency briefings: White HouseTrump Treasury candidate’s bank accused of discriminationSee more stories

A steady stream of potential Trump administration hires made their way through the lobby of Trump Tower to meet with either Trump or officials close to him.

All indicated a willingness to serve, such as Jeb Hensarling, a Texas Republican who is chairman of the U.S. House of Representatives Financial Services Committee. He is a potential treasury secretary in the Trump administration.

“I stand ready to help the president in any capacity possible. I’ve got a great position in public policy today, if he wants to talk to me obviously, about serving somewhere else, we’ll look at serving somewhere else,” he told reporters.

REFILE-GLOBAL MARKETS-S&P stock futures fall, Asian stocks slip as U.S.-China trade tensions simmer

(Refiles to correct spelling in latest Trump tweet)

* We are right where we want to be with China: Trump

* Trump-Xi talks likely at G20 summit: White House aide Kudlow

* Asian stock markets: tmsnrt.rs/2zpUAr4

* S&P 500 futures, Japan’s Nikkei fall 1% in early trading

* Major currencies calm for the moment

By Wayne Cole and Tomo Uetake

SYDNEY, May 13 ( ) – U.S. stock futures fell and Asian shares slipped in early trade on Monday on growing uncertainty over whether the United States and China will be able to reach a deal to end their trade war after Washington sharply hiked tariffs.

E-Mini futures for the S&P 500 shed 1.1%.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.2%, nearing its two-month low marked on Thursday.

Japan’s Nikkei average sunk as much as 1.0% to hit its lowest level since March 28. It last traded down 0.6%,

U.S. benchmark 10-year Treasury note yield inched down to 2.437%, partly as a safe haven but also on speculation a trade war would cloud global growth and thus keep major central banks accommodative.

The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests.

President Donald Trump tweeted late on Sunday that the United States is “right where we want to be with China,” adding that Beijing “broke the deal with us” and then sought to renegotiate.

The trade war between the world’s top two economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after President Donald Trump said Beijing “broke the deal” by reneging on earlier commitments. China has vowed to retaliate, without giving details.

White House economic adviser Larry Kudlow told a Fox News program that China needs to agree to “very strong” enforcement provisions for an eventual deal and said the sticking point was Beijing’s reluctance to put into law c上海夜生活hanges that had been agreed upon. Kudlow said the U.S. tariffs would remain in place while negotiations continue.

Beijing remained defiant.

“Talks are on-going, but our base case is for limited progress and Chinese retaliation. We see a significant risk for all Chinese imports to be subject to tariffs over the next month or so,” said Michael Hanson, head of global macro strategy at TD Securities.

“The market reaction will ultimately depend on whether China and the U.S. continue to negotiate, whether the remaining $325 billion of U.S. imports from China also get tariffed, how China retaliates, and what happens to the 232 auto tariffs.”

Under that scenario, the renminbi was likely to fall between 5%-6% against the U.S. dollar in the coming three months, said Hanson, as a shock absorber to the economic impact of heavier tariffs.

The other major currencies were relatively calm, with the safe-haven yen still supported but not aggressively so. The dollar was holding at 109.72 yen, down 0.2 percent on the day and just above a 14-week trough of 109.46.

The euro was steady at $1.1235, while the dollar was a fraction softer against a basket of currencies at 97.295 .

The offshore Chinese yuan fell to its lowest levels in more than four months at 6.88 to the dollar. It last stood down 0.5 percent at 6.878 per dollar.

In commodity markets, spot gold firmed 0.2 percent to $1,287.81 per ounce.

Oil prices were softer in line with the general mood of risk aversion. U.S. crude was last down 0.5 percent to $61.33 a barrel, while Brent crude futures lost 0.2 percent to $70.49.

FOREX-Euro poised for 2nd week of gains as China-U.S. trade talks eyed

* Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh

By Saikat Chatterjee

LONDON, May 10 ( ) – The euro edged higher on Friday and is poised for a second consecutive week of gains on growing fears that any escalation in the trade conflict between the United States and China would force U.S. policymakers to cut interest rates.

U.S. President Donald Trump’s tariff increase to 25% from 10% on $200 billion of Chinese goods kicked in on Friday, and Beijing said it would strike back. The two sides are pursuing last-ditch talks to try to salvage a trade deal.

While U.S. and Chinese 上海夜生活论坛officials return to the negotiating table later on Friday, investors have quietly ratcheted up bets of a U.S. interest rate cut with markets now roughly expecting one rate hike by the end of 2019.

Athanasios Vamvakidis, an FX strategist at Bank of America Merrill Lynch, said if China retaliated then the threat of a global trade war will affect the outlook of the U.S. economy and increase the chances of a Fed rate cut.

“In this case, the Fed has more room to ease than most other central banks, suggesting eventually a weaker dollar against both the euro and the yen,” he said.

The single currency edged 0.1% higher to $1.1220 on Friday and was on track for a second consecutive week of gains.

Broadly, risk appetite was muted though some of the higher-yielding currencies such as the Australian dollar which was heavily sold earlier this week when Trump unexpectedly ratcheted up trade tensions, gained.

The dollar index measuring the U.S. currency against a basket of six major currencies, of which the euro is a main component, was slightly firmer at 97.43.

Still, trade tensions have had broadly little impact on foreign exchange markets with typical perceived safe-haven assets such as the Japanese yen only gaining 1.2% this week while broader currency market volatility gauges were subdued despite a minor bounce this week.

Elsewhere, the pound held around the $1.30 level after sustaining some losses this week before first quarter British GDP data where expectations are for a 0.5% expansion compared with 0.3% growth in the previous quarter.

Rhetoric or reality? Arabs struggle to decode Trump’s Mideast rhetoric

DUBAI ( ) – The future leader of the Middle East’s top foreign ally is, in the words of a Saudi prince, an anti-Muslim “disgrace”, openly disdainful of Arab security partnerships, who believes Saudi Arabia would cease to exist for long without the United States.

Donald Trump’s presidential election victory means he is the man Washington’s Arab allies must deal with after his January inauguration, as they seek U.S. help to end wars from Syria to Mosul, manage humanitarian crises and provide jobs for their populations at a time of low oil prices.

Trump’s campaign tirades against Muslim migrants – the target of Prince Alwaleed bin Talal’s comments on Twitter – and against Arab allies who don’t “pay” for U.S. support suggest the relationship could be delicate.

How far Trump the president will differ from Trump the polarizing election candidate is not clear.

Brief, congratulatory messages flowed quickly from Arab allies, including one from Saudi King Salman bin Abdulaziz, who wished Trump success in “achieving security and stability in the Middle East and the wider world”.

But underneath the protocol, for many Arab rulers and royals Trump’s victory is a source of anxiety. They now face a new America led by Trump who, they fear, could upend a regional order that has prevailed for decades.

Some ordinary Arabs like Trump’s no-nonsense style, and praise what they see as his capacity for tough leadership.

“A strong leader … that is what is needed here in the Middle East and all across the world,” said Ali al-Muhannadi, 57, a Qatari owner of an electrical company, filling his car up at a petrol station in Doha on Wednesday.

Muhannadi saw Trump as a useful ally in confronting the jihadist threat, saying he is “very frank and not like a politician. Islamist radicals are bad for the West and for us too”.

But privately there are concerns about a lack of clarity in Trump’s policies for the world’s most combustible region as it struggles to break free from war while trying to safeguard the free flow of its oil exports.

DISAFFECTED ARAB YOUTH

In particular there are worries that Trump’s hostile rhetoric towards Muslim migrants will play into the hands of Islamic State and al Qaeda, w上海夜生活网hich are eager to recruit disaffected young Arabs to wage war on the regional governments they despise as stooges of Washington.

Gulf Arab leaders want a U.S. president who understands their concerns after eight years of what they regard as diffidence under President Barack Obama, someone who did not provide the kind of personal contact they value.

In particular they want help to push back against Iran, their main rival. But they fear Trump’s public praise for Vladimir Putin will encourage Russia to expand its support for Syrian President Bashar al-Assad, an ally of Iran and an enemy of most Gulf Arab states.

Apart from a commitment to Israel’s security, a constant in U.S. foreign policy, and an isolationist tone to his comments, much in Trump’s statements about the region remains vague and poorly thought out, diplomats and analysts say.

Opinion is divided about whether Trump’s remarks on the campaign trail will be enacted when in office. Among these is his comment that he would consider halting U.S. purchases of Saudi oil unless Riyadh provides troops to fight Islamic State.

Faisal Al Yafai, a commentator at The National newspaper, said many people thought Trump had used his extravagant comments to win votes and once in office he would mellow.

“I am unconvinced. I think he actually believes his rhetoric. It’s quite worrying that he doesn’t seem to understand how global politics works,” he said. “For example you don’t go around saying ‘if our allies were threatened we wouldn’t intervene, why can’t they build their own nuclear weapons?’”

“That sort of stuff doesn’t help confidence. That collapse of confidence between the U.S. and its allies has a knock-on impact on the economies and in the decisions those countries take on a political level.”

Yafai, whose newspaper is based in the United Arab Emirates, noted Iraqis were putting their lives on the line to regain Mosul, Islamic State’s main stronghold in the country. “That is not just a war for the region, it is a war for the world,” he said.

Others are more sanguine.

A senior Turkish official predicted continued strong relations with the United States and argued that “comments in an election period always have a harder and more hawkish tone than is necessary. But they remain peculiar to the election period.”

SAUDIS “READY TO TAKE A RISK”

Prince Sultan bin Khaled al Faisal, a former Saudi special forces officer and now senior fellow at the King Faisal Center for Research and Islamic Studies in Riyadh, said that in U.S. elections “what they say and what they do are two totally different things”.

“Foreign policy is not made by one man,” he said. “But it’s difficult to pinpoint what his policy actually is.”

Trump’s remarks have been combative, and eye-catching. He has said the United States should be reimbursed by the countries it provides protection for.

Without America, “Saudi Arabia wouldn’t exist for very long,” Trump told the New York Times in March.

Trump’s win drew a cautious welcome in Syria, which has entered its fifth year of war between rebels and Assad’s forces.

In Damascus, Syrian member of parliament Sherif Shehada said U.S. policy could shift Assad’s way. “We must be optimistic, but cautiously optimistic,” Shehada told by telephone.

Trump’s statements on Syria, and his more open-minded stance towards Assad’s ally Russia, have fueled rebel concern about the policy he may adopt on the conflict, in which the Russian air force has been bombing insurgents.

But beyond all that, many officials and observers see another ominous consequence.

Trump’s win has not only delighted Western right-wingers but also jihadists who told supporters the election had revealed the true position of the United States towards Muslims.

“The masks have slipped,” one supporter said on Islamic State websites. “(Trump’s) moronic declarations alone serve us even if his decisions will be under the supervision of the Senate…,” wrote another.

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.

Saudi stocks set to receive $20 bln windfall even as some investors sit out

* Saudi stocks to suck in $20 bln in passive flows

* Foreign ownership in Saudi stocks just 2 pct

* Khashoggi affair might stem active flows -analysts

* Slow reform, high valuations also factors

By Tom Arnold and Saeed Azhar

LONDON/DUBAI, March 17 ( ) – Saudi Arabia’s inclusion in major emerging m上海夜生活论坛arkets stock indices from Monday is likely to suck in around $20 billion in passive inflows, but unease after Jamal Khashoggi’s murder and sluggish reforms could lead some active foreign investors to steer clear.

Saudi Arabia will be the biggest recent addition to the global indices, the largest of which is the MSCI Emerging Markets Index, which it joins from May. MSCI will give the kingdom a weight of 2.7 percent, between Russia and Mexico.

The kingdom is hoping the inclusions, starting on Monday when Saudi stocks join the FTSE Emerging All Cap Index, will kickstart its drive to become a major destination for foreign capital, after its global reputation was tainted by Khashoggi’s killing at the hands of Saudi agents in October.

The process should help bring in about $20 billion of combined passive inflows during 2019, analysts estimate. That would push up foreign ownership from around 2 percent, one of the lowest in the region, to around 6 percent, according to Al Mal Capital.

“The 2.7 percent pro-forma benchmark weight [within the MSCI index] is much more significant than prior index inclusions during the past decade,” said Alexander Redman, head of global emerging market equity strategy at Credit Suisse.

“And given that the proportion of assets under management within emerging markets passive funds is much larger than during previous index inclusions, it means there will be a significant amount of net foreign buying of Saudi equities.”

Analysts say pre-positioning by investors has been slow ahead of the process, however. Arqaam Capital attributes that to concern about delays to mega-projects, the kingdom’s fiscal constraints, high valuations for Saudi-listed firms and concerns that government asset sales will oversupply the stock market.

“As has been seen with a lot of other markets undergoing emergence, the reform process is not always smooth,” said Edward Evans, emerging markets equity portfolio manager at Ashmore Group.

“We’ve seen that in Saudi Arabia with their somewhat unorthodox approach to policymaking over the last few years, and the hope is that as the kingdom becomes more integrated in global financial markets, policy will become more predictable.”

The kingdom’s drive to diversify its economy away from oil dependence has had some hiccups, including a recession in 2017 and delays to plans to float shares in oil giant Aramco.

A source at a major western investment firm, who asked to remain anonymous, highlighted another reason why investors might be cautious. “I would find it unlikely that the active funds coming in will be anywhere close to benchmark as there are still reputation issues from holding Saudi assets,” the source said.

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), and other state-owned funds indirectly own the lion’s share of Saudi stocks.

Many stepped in to limit a market crash in October last year caused by foreign investors dumping stocks after Khashoggi’s killing. Some had made similar moves when foreign investors were spooked after the government detained hundreds of officials under an anti-corruption drive in November 2017.

The index inclusions are seen as an opportunity for those funds to sell their positions in around 4 percent of the market, estimate analysts.

Foreign net buying has picked up since the start of the year, hitting $2.1 billion year-to-date. That is still below the expected passive and active inflows that could reach a total of up to $60 billion, said Arqaam.

For an interactive version of the below chart, click here tmsnrt.rs/2NXK0gp.

Arqaam said concerns the government could oversupply the market and, in turn, pressure valuations were misplaced, with local institutional selling, particularly from mutual funds, well below foreign buying in recent days.

“We expect the Saudi government-related entities such as PIF to cater to the required demand of stocks in a controlled manner,” said Vrajesh Bhandari, senior portfolio manager at Al Mal Capital in Dubai.

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.”

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.

Guardiola spoke about his commitment to City

Pep Guardiola, the Manchester City coach, is said to be enjoying his life in Manchester pretty well as, according to reports, he bought an apartment in the city earlier this year – and he insisted that he has been always fully committed to the club.

The Spaniard is said to be very happy at the club and he is about to stay beyond the three-year deal th上海夜生活论坛at he signed at the beginning of his reign at Manchester City. To be said, he has been very successful with his side this season so far as he is at the top of the table and managed to guide his team to the knockout stage of the Champions League.

The former Barcelona coach spoke about his commitment as he said, according to ESPN: “The commitment was the same as last season when I didn’t win. It looks like a commitment because we won, but last season it was the same. I think nothing changes — whether I buy an apartment or rent an apartment, it won’t affect the way I work or try to lead my profession. It’s good that I bought an apartment because I have to live in someplace. I’m happy to live in the city, it happened the same when I lived in Rome at Brescia and in Munich, I preferred to live in the city and be with the people.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He also made a comment on his team’s injured players: “Vincent is not as bad as we thought. He will be ready for the next fixtures. We will know exactly tomorrow, but it is not a big issue. Fabian was not fit but he is much better now. Yesterday, he didn’t train but the players are off today. We will see. Fabian is a similar case to Vincent — he knows his body.”

In the end, Pep Guardiola insisted that John Stones is also doing well: “John Stones is also much better. Yesterday he made first complete training session, but he is not ready for 90 minutes. I think he will be fit for the next game which is huge news for us. Silva — we will see in the next days.”

Pochettino urged Kane to play even better

Mauricio Pochettino, the Tottenham coach, admitted that he believes that Harry Kane, his side’s best striker, can continue in his improvement and will start to play even better than he has done so far this season.

The Englishman managed to score a hat-trick in his team’s latest 3-0 away win against Burnley and he proved himself to be a key player for the Spurs once again. His coach admitted that the young England international is very important for his system of play but he also claimed that he can see a space for a possible improvement and he hopes that Kane will not stop with his progress.

The former Southampton coach spoke about his star striker as he said, according to ESPN: “I think he still can improve. He’s 24, I think the player arrives at their best at 27, 28, 29, depending on how professional you are. But Harry Kane, if he keeps that mentality, keeps working hard every day in the training sessions and never changes that mentality, he can play until he wants to.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He continued by adding that Kane can break Shearer’s record: “Of course the record of Alan is fantastic. He was a fantastic player, but Harry is doing so well. I think Alan was consistent during 10 years scoring goals and you need to show massive respect because it was amazing what he did. Now Harry is doing well, we hope for Tottenham, for him, for everyone that loves the club, tha上海夜生活网t every season he scores 50 or more than 50.”

In the end, Mauricio Pochettino insisted that his team have to start being consistent: “We need to keep the momentum, to try to win again, to be consistent. If we want to fight at the end for big things we must try to be consistent. But I’m sure that the team is focused, like we showed today. It was tough last week against City, but the team is in a good way.”

Guardiola: “De Bruyne capable of anything”

Pep Guardiola is certain that Kevin De Bruyne is one of the world’s best creative midfielders also because of the fact that he is able to perform on a high level even in the most important matches of the season.

The Spanish coach relies on his Belgian key player ahead of the upcoming derby match against Manchester United and he claimed that De Bruyne can do “absolutely everything” on the pitch and he is certain that he can prove it once again. Guardiola’s side can be 11 points clear if they will manage to win this match and the title would be arguably over 上海夜生活at that point.

The former Barcelona and Bayern Munich coach spoke about the abilities of De Bruyne as he said, according to Sky Sports: “He can do everything on the pitch. And, in terms of mentality as well, he never hides. The big players you realise in the bad moments, the bad moments in terms of 75 minutes, we are losing, how you react in that situation.”Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

He added that he is world-class also because he can show up in big moments: “With 4-0 everybody is a top-class player, the important time is when you are in the bad moments. I think he is world class because he can do absolutely everything.”

Guardiola also spoke about whether he will play Agüero or Gabriel Jesus as they both have been in a really good shape recently: “Maybe it is one of the toughest decisions because both are top, both deserve to play. I am so happy with both of them. When you play with two strikers, it is easy to take a decision. Gabriel is the best striker in the world in the high pressing. There is no one with the intensity and reading between the central defenders, attacking the holding midfielders from behind.”

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)

Boateng admits he considered leaving Bayern Munich

The full-back was not happy with his situation at the Allianz Arena.

Bayern Munich defender Jerome Boateng has opened up about the summer transfer window, saying he was ready to leave the club. However, he is now pleased that Jupp Heynckes has returned to the Bavarians, whose arrival has chan上海夜生活网ged his mind when it comes to a potential departure.

The 29-year-old’s last season campaign was plagued with injuries as he started only 10 games for the Bundesliga champions. The time spent on the sidelines probably affected Ancelotti’s view of the player as Boateng was not a regular starter during important games. This led to the defender’s frustration, which made him consider his options carefully during the close season.

“Maybe because I played not that much with him as coach, he saw me as less because of my injuries,” Boateng told Kicker.Kovac cryptic about plans to stop Kane Nedim Maric – Bayern Munich will travel to North London in order to face Pochettino’s Tottenham in a Champions League derby.Bundesliga looks like it’s never been as…

“I had a conversation with the leaders about how they see me in the summer, I said I was thinking about it (a transfer).”

Yet, the German full-back is happy to see Bayern’s old manager return to the hot seat at Allianz Arena, believing that Heynckes is the right man to bring the club back on the victorious path.

“(Heynckes’) attitude that he wants to give something back to FC Bayern is very positive for us as a team. There are not many managers who have such a keen sense of how to deal with players, their approach, their training, their motivation.”

Conte: I trust my players

Chelsea manager Antonio Conte claimed he trusts his players, as the Blues face a tough schedule with playing every three days

Antonio Conte says it would be “normal” to rotate his Chelsea side for Wednesday’s Champions League clash with Qarabag, Sky Sports reports.

The Italian boss says Chelsea will take nothing for granted against a side that they have defeated 6-0 at home back in September.

The Chelsea coach claimed he will take Saturday’s Premier League game against Liverpool into consideration when he selects the starters against Qarabag.

Conte knows how important a win would be for the Blues, as if they manage to take all 3 points home, Chelsea will secure a spot for themselves in the knockout stages of the Champions League.

“For sure I have to make the best decision for these games, because we are playing every three days. I trust all my players and it is normal to have rotation,” Conte said. Report: Lukaku out of Barcelona game George Patchias – Romelu Lukaku has been ruled out of Inter Milan’s game against Barcelona at the Camp Nou.Inter Milan face Barcelona tomorrow evening at the Camp…

“I have a squad with great maturity and they know very well the importance of the game and we must have great focus to beat a good team,” the Italian praised his players.

Qarabag have performed well in Group C of the Champions League drawing 0-0 and 1-1 against Atletico Madrid.

“They drew twice with Atletic上海夜生活网o and we have great respect for this team,” Conte explained.

“We must be very clear. If someone thinks that we are sure to win, it will not be easy. For us the game against Qarabag is very important, as we don’t want to wait to go through.”

“If we win we go into the next round, it is a really good target for us. To reach this target for us before the game against Atletico will be very important,” the coach claimed.

Antonio Conte also confirmed the return of Eden Hazard for Wednesday’s game, but said Victor Moses and Michy Batshuayi remain out.

Cahill warns Manchester City

Chelsea defender Gary Cahill says Manchester City will have a tough time keeping their form up, and believes Chelsea can still catch the league leaders

The league leaders’ unbeaten start does not scare the centre-back, who is confident his side can reduce the points deficit over the campaign, GOAL reports.

Cahill believes talking about Manchester City as champions so early in the season is premature, and is confident the Blues have enough time to catch up with City once their performance falls.

“They’ve started off full steam ahead and that’s great for them, but we’re not even at Christmas yet, so let’s just hold fire and see how they get on,” the centre-back told Chelsea’s website.

“They look fantastic at the moment and we have taken a fair bit of criticism at times this season, but we’ve had three clean sheets on the bounce in the league now, it was a great performance and we’ve got a long way still to go.”Top 5 Premier League players in September’s last weekend Tomás Pavel Ibarra Meda – A fresh Premier League fixture just ended, which means we can talk about the Top 5 best players of September’s last weekend.After a fresh…

When Cahill was asked about Chelsea’s performance in their 4-0 victory over West Brom this weekend, the defender claimed he was delighted with how they have played.

“I have to admit it was a superb performance from us, from every single player, and collectively we are very happy,” the 31-year-old said.

“I felt we pl上海夜生活ayed some good football, we kept the ball when we needed to and we scored goals. We saw a bit of everything from us, so performance-wise it was very, very good.”

“I’m sure they found it very difficult to play against us, we always seemed to have an option to get out of trouble and there was a lot of composure on the ball, which allowed us to keep it for long periods,” Cahill explained.

Chelsea is now on a four-game winning streak as they are about to face Qarabag away from home in the Champions League on Wednesday.

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.”