October 2019

Inter Milan Interested In Bayern Star Player Muller

Inter Milan Interested In Bayern Munich Star Player Muller

October 24, 2019 10:59 am
Inter Milan are interested in signing former Germany star Thomas Muller, who has lost his starting place at Bayern Munich, magazine Kicker reported on Thursday.

The 30-year-old has often found himself on the bench this season behind Philippe Coutinho, who Bayern coach Niko Kovac prefers in the attacking midfield role.

According to Kicker, Inter’s “interest is intensifying” and the Italian giants could bring Muller to Milan in the January transfer window.

Mueller made a rare start, only his fifth of the season, in Tuesday’s 3-2 win at Olympiakos in the Champions League on the right-wing, helping set up two goals

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Nokia Company Shares Plunge On Lower Earnings Forecast

Nokia Company Shares Plunge On Lower Earnings Forecast

October 24, 2019 10:50 am

Shares in Nokia tumbled 20 percent on Thursday after the Finnish telecommunications equipment maker cut its earnings forecast in the face of intense competition to build the latest 5G mobile networks.

While returning to profit in the third quarter, the company said it was downgrading its expectations for earnings and margins for this year and 2020 “due to margin pressure, additional 5G investments and additional digitalisation investments.”

Nokia and its rivals Ericsson of Sweden and China’s Huawei are engaged in a fierce battle to roll out 5G, with both Ericsson and Huawei upgrading their outlooks as the market appears to …

Sergio Ramos Confirms Fine By Spanish Tax Authority

Sergio Ramos Confirms Fine By Spanish Tax Authority

October 24, 2019 10:45 am
Real Madrid’s Sergio Ramos has confirmed he has been fined by Spanish tax authorities for irregularities relating to his image rights between 2012 and 2014.According to the newspaper El Mundo, Ramos was fined one million euros for transferring revenue to his own company Sermos 32 SL, which is based in Spain, in order to pay less tax.

The Spain and Real Madrid captain has paid the fine but said in a statement late Tuesday he plans to appeal as he claims he was unfairly penalised by a change in the law.

Ramos joins a growing list of high-profile footballers targetted

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American Airlines Earnings Rise Despite Boeing MAX Hit

American Airlines Earnings Rise Despite Boeing MAX Hit

October 24, 2019 10:38 am

American Airlines rode strong demand for flying in the travelling public to higher earnings Thursday despite mounting costs connected to the prolonged grounding of the Boeing 737 MAX.

Fuller flights amid a good consumer environment enabled American’s profits to soar 14.2 percent higher in third-quarter to $425 million. Revenues increased three percent to $11.9 billion.

Chief Executive Doug Parker said he was pleased with the earnings growth, but conceded that “our results should have been better.”

Parker cited the hit from the MAX grounding — in the wake of two tragic crashes — as well as ongoing operational challenges tied …

Juventus Seek €300m Boost To Keep Up With European Rivals

Juventus Seek €300m Boost To Keep Up With European Rivals

October 24, 2019 10:31 am

Juventus president Andrea Agnelli on Thursday asked the club’s shareholders to approve a 300 million euro ($333 million) capital increase to help expand the Italian club’s global ambitions.

Despite losses of 39.9 million euros ($44m) last season, Agnelli asked shareholders for major investment as part of a five-year plan to keep pace with European rivals such as Real Madrid, Barcelona and Manchester United.

“Today, we ask you, the Shareholders to approve a 300 million capital increase for our 2019/2024 development plan,” Agnelli said at the club’s Allianz Stadium in Turin.

“The objective of this capital increase is the future development …

Following the registration of a N30 billion debt issuance programme with the Securities and Exchange Commission of Nigeria (SEC), Interswitch Limited, a leading technology-driven company has concluded a N23 billion Series 1 Fixed Rate Senior Unsecured Callable Bonds issue via a Special Purpose Vehicle (SPV), Interswitch Africa One PLC. The Series 1 Issue priced at 15% was 2.6x subscribed. The 7-year Bonds, embedding a call option that can only be exercised from the second year, are payable in full at maturity. An application will be made to list the Bonds on The Nigerian Stock Exchange (NSE) on receipt of the SEC’s approval of the proposed allotments. Investor participation was restricted to qualified institutional investors as defined by the SEC in Nigeria, with a proposed Bonds allocation of 64% to pension fund managers, 7% to asset managers and 22% to commercial banks pending SEC approval. The strong level of oversubscription demonstrated investor confidence in the Interswitch brand, business model and long-term strategy, supported by strong domestic ratings from both Agusto & Co. Limited and Moody’s Investor Service. The Issuer was assigned “Aa3” national scale programme rating by Moody’s and “Aa” national scale rating by Agusto, on the back of positive secular industry shifts, a strong market position and a good liquidity profile. The Sponsor was also assigned “Aa” rating by Agusto. The Founder and CEO, Mr Mitchell Elegbe, commented, “We are delighted to report the success of the first series of Bonds issued under our Programme, especially with the level of interest shown by investors. Diversifying our funding sources through the inclusion of these Bonds will enable us to achieve our strategic objectives and vision.” FBNQuest Merchant Bank and Stanbic IBTC Capital acted as Lead Financial Advisors/Issuing Houses and ABSA Capital Markets Nigeria, FCMB Capital Markets, Quantum Zenith Capital & Investments and Rand Merchant Bank Nigeria, as Joint Issuing Houses.

Interswitch Limited Completes ₦23Billion Bond Placement

October 24, 2019 10:24 am

Following the registration of a ₦30 billion debt issuance programme with the Securities and Exchange Commission of Nigeria (SEC), Interswitch Limited, a leading technology-driven company has concluded a ₦23 billion Series 1 Fixed Rate Senior Unsecured Callable Bonds issue via a Special Purpose Vehicle (SPV), Interswitch Africa One PLC.

The Series 1 Issue priced at 15% was 2.6x subscribed. The 7-year Bonds, embedding a call option that can only be exercised from the second year, are payable in full at maturity. An application will be made to list the Bonds on The Nigerian Stock Exchange (NSE) on receipt of the …

Liverpool End Away Jinx But Klopp Didn’t Enjoy Win In Genk

Liverpool End Away Jinx But Klopp Didn’t Enjoy Win In Genk

October 24, 2019 9:43 am

Liverpool produced a devastating attacking display to beat Racing Genk 4-1 in the UEFA Champions League on Wednesday but manager Juergen Klopp said he had not enjoyed it.

Two goals, the second a beauty, by Alex Oxlade-Chamberlain, playing in his first game in the competition for 18 months, and silky strikes from Sadio Mane and Mo Salah gave the scoreline a convincing enough look.

Yet there were moments of unease for the European champions as they won away in the group phase for the first time in two years.

Genk was unfortunate to have a Mbwana Samatta effort ruled out …

Protests On The Streets Of Lebanon Enter Second Week

Protests On The Streets Of Lebanon Enter Second Week

October 24, 2019 8:36 am
Protests in Lebanon entered a second week on Thursday with demonstrators blocking main roads in Beirut and other parts of the country, AFP correspondents and Lebanese media reported.Sparked on October 17 by a proposed tax on calls made through messaging apps, the protests have morphed into a cross-sectarian street mobilisation against a political system seen as corrupt and broken.

On Thursday morning, demonstrators set up roadblocks around the capital.

One major east-west artery was blocked by a dozen young protesters, who pitched tents in the middle of the road.

Sitting on the pavement with a red and white keffiyeh on

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FIFA Ranking: Nigeria Drops By One Place, Now World 35th

FIFA Ranking: Nigeria Drops By One Place, Now World 35th

October 24, 2019 8:28 am

Nigeria’s Super Eagles have dropped by one spot in the FIFA World Ranking for the month of October to now place as world 35th country.

In the ranking table from the world football governing body, FIFA on Thursday, Nigeria garnered 1,481 points as against 1482 recorded in September.

However, in spite of the drop, Nigeria still occupies the third spot in Africa behind Senegal and Tunisia who are placed 20th and 29th with 1,546 and 1,495 points, respectively.

On the global scene, although, 184 recent international matches have left their mark on the latest FIFA/Coca-Cola World Ranking, those at the …

Guns And Smiles: Russia Flaunts Firepower At Africa Summit

Guns And Smiles: Russia Flaunts Firepower At Africa Summit

October 24, 2019 7:10 am

Russia is showing off its next-generation Kalashnikov assault rifles, helicopters and facial recognition systems as President Vladimir Putin hosts dozens of African leaders for a major summit in Sochi.

The Wednesday and Thursday event at the Black Sea resort has brought together delegates to discuss everything from nuclear technology to mineral extraction — but on the sidelines, stands for arms companies dominate.

Russia has been a major supplier of weapons and military equipment to African nations and the country’s arms exporter hopes the first Russia-Africa summit will help further boost business on the continent.

“We would like to expand our …

Nigeria Moves 15 Places Up On Ease Of Doing Business Index

Nigeria Moves 15 Places Up On Ease Of Doing Business Index

October 24, 2019 6:57 am
Nigeria has moved up by 15 places to 131 on the World Bank’s Ease of Doing Business ranking. Africa’s most populous country was ranked 146th in the previous year.

The report is an annual publication that measures business regulations across 190 countries. In its latest study, World Bank ranked Nigeria in the top 10 economies where business climates have been improved. Nigeria was ranked 15 in ease of getting credits or loans.

Nigeria’s worst ranking in the report was at the ease of registering properties where it ranked 183. Nigeria also ranked 179 in trading across borders.

The latest World

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Ghosn Wants Case Dismissed Over ‘Prosecutor Misconduct’

Ghosn Wants Case Dismissed Over ‘Prosecutor Misconduct’

October 24, 2019 6:49 am

Ex-Nissan chief Carlos Ghosn on Thursday called for the case against him to be dismissed, saying the charges were politically motivated and accusing Japanese prosecutors of a “pervasive pattern of illegal misconduct”.

The claims, made in two filings to the Tokyo District Court, allege prosecutors colluded with Nissan and effectively subcontracted out their investigation to employees of the automaker who were trying to oust Ghosn.

“The prosecutors’ case, which was politically motivated and poisoned from the start, is fundamentally flawed and contradicted by the evidentiary record,” Ghosn’s lawyers said in a statement.

Ghosn is out on bail in Tokyo, awaiting …

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