TagsTransfersAbout the authorChris BeattieShare the loveHave your say Steven Sessegnon delighted with new Fulham contractby Chris Beattie10 months agoSend to a friendShare the loveSteven Sessegnon has signed a new deal with Fulham.The 18-year-old has agreed a deal which keeps him at Craven Cottage until the summer of 2022, with a Club option to extend by a further 12 months.Having come through the Academy since joining as an Under-9 alongside twin brother Ryan, Steven penned his first professional contract with Fulham last summer.“It feels very good,” Sessegnon told fulhamfc.com. “It’s something I’ve been working towards for the last few months and it feels amazing to get it done and over the line.“You could say the first [pro deal] was very special but this one has shown all the hard work I’ve done personally, not just with this Club but with international success as well. It is rewarding helping contribute to the progression of Fulham.“This can only motivate me to keep working harder. I will carry on doing as I am and keep on heading towards the next one.“Hopefully I can make my league debut very soon, but over time I need to keep working hard and knuckling down and see what happens.“You can’t rush this sort of thing. I’m going to take my chance, whenever it might come.“The Millwall game in the Carabao Cup was a great feeling for me. That was something I’m not used to, but one that will push me on, and spur me on in the future to achieve great things.”
Tottenham attacker Son: Only bad luck stopping trophy pushby Paul Vegas10 months agoSend to a friendShare the loveTottenham attacker Heung-Min Son says they deserve to win a trophy this season.The South Korean – who has now scored 10 goals in his last 10 games – believes all Tottenham need is a change in fortune to land their first silverware under Mauricio Pochettino.”We are just a bit unlucky for me, to be honest,” he said. “We are close all the time.”People are thinking ‘ahhh it’s Spurs’, but we believe, always this team believe in the title, but sometimes you just have to have luck, with a long season.”We can win, we deserve to win. The players deserve to win something.”Of course the pressure is going to be big [to win the title] but we have to just enjoy and bring positive energy, this is the most important.” About the authorPaul VegasShare the loveHave your say
About the authorCarlos VolcanoShare the loveHave your say Napoli boss Ancelotti defends Genk stalemateby Carlos Volcano23 days agoSend to a friendShare the loveNapoli boss Carlo Ancelotti defended their 0-0 draw at Champions League opponents Genk.The Azzurri hit the woodwork three times and saw Kalidou Koulibaly’s effort cleared off the line at the Luminus Arena.“It was a good performance and we had several chances for the breakthrough,” Ancelotti said on Sky Sport Italia.“Our finishing wasn’t very effective and we were a little unlucky too. The only risk we had at the back came after a slip, so we were always in control.“It’s an extra point, we showed grit and determination, but could’ve finished our chances better.”
zoomImage Courtesy: Royal Caribbean International The ultra-luxury and expedition cruising company, Silversea Cruises, has officially joined the family of Royal Caribbean Cruises (RCL).On July 31, the companies informed that they have closed on RCL’s acquisition of a two-thirds stake in Silversea after receiving final approval from regulators.The investment unites two leading players in the cruise industry and fills out RCL’s portfolio of cruise brands across all key market segments.“We are proud to officially welcome Silversea’s industry-leading team to the RCL family,” said Richard D. Fain, Chairman and CEO of Royal Caribbean Cruises Ltd.Regulators green-lighted Royal Caribbean’s purchase of a 66.7% equity stake in Silversea Cruises, based on an enterprise value of approximately USD 2 billion. Manfredi Lefebvre d’Ovidio will remain Executive Chairman of Silversea and retain a 33.3% stake.The companies also announced Project Invictus, a multi-year initiative to take Silversea’s ultra-luxury offerings to the next level. Project Invictus enhancements range from product upgrades to magnified ship revitalization programs.The first Invictus enhancements will begin rolling out on the Silver Muse on August 19. Immediately thereafter, these and other enhancements will be implemented fleet wide, impacting a wide variety of onboard features and strengthening Silversea’s reputation.Silversea’s growing fleet of ultra-luxury ships will also benefit from an upgrade. The planned renovation of Silver Whisper in December 2018 will be much more comprehensive than initially anticipated. Moreover, Silversea’s Silver Wind will also enter into an enhanced dry dock in December 2018.Both vessels will join the overarching plan for a fleet-wide “Musification” which will take inspiration from the design of the very successful cruise line’s flagship, Silver Muse. The plan will be completed shortly after with an enhanced dry dock of the Silver Shadow.With Silversea joining the RCL lineup alongside Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, TUI Cruises and Pullmantur Cruceros, the Royal Caribbean Cruises Ltd. fleet now numbers 59 ships with an additional 15 on order.
Chennai: Having lost two matches in a row, Chennai Super Kings (CSK) would be under a bit of pressure when they take on in-form Sunrisers Hyderabad (SRH) at the MA Chidambaram Stadium here on Tuesday. On Sunday, CSK faced a heart-wrenching one-run defeat against Royal Challengers Bangalore (RCB). Chasing a “below par total” of 162, CSK lost their top four batsman inside the first four overs. It was only MS Dhoni, who single-handedly brought them into the match and kept their hopes alive till the last ball of the inning. Also Read – Puducherry on top after 8-wkt win over ChandigarhDespite two consecutive losses, CSK still sit pretty at the top of the points table with 14 points from 10 games. However, they will like their top order to perform and secure a playoffs berth. But it will be a tough ask for them against SRH, who would be riding high on confidence after their comprehensive victory against Kolkata Knight Riders (KKR) in Hyderabad. SRH, however, will be wary of the fact that Tuesday’s game would be the last match for their in-form opener Johnny Bairstow, who will be leaving to attend England’s training camp for the upcoming World Cup. Also Read – Vijender’s next fight on Nov 22, opponent to be announced laterBoth David Warner and Bairstow have scored the bulk of the runs for the SRH and their middle-order has not performed — a fact well known to them and their opponents. With five wins from nine games, the Kane Williamson-led side would want to continue with the winning momentum and move upwards in the points table. The last time these two teams met in the ongoing IPL, SRH had secured a convincing six-wicket win at their home ground.
New Delhi: Foreign portfolio investors can now invest in municipal bonds, markets regulator Sebi said in a circular Wednesday. The circular comes almost two weeks after the Reserve Bank of India permitted FPIs to invest in municipal bonds as a measure to broaden access of non resident investors to debt instruments in the country.As per the RBI, foreign investment in municipal bonds should be within the limits set for FPI investment in State Development Loans (SDLs). The limits for FPI investment in SDLs is 2 per cent of outstanding stock of securities. All other existing conditions for investment by FPIs in the debt market remain unchanged, the central bank had said in a circular on April 25. In 2017, Sebi eased rules on issuance of municipal bonds in order to boost such bond market. It allowed municipalities with surplus in their books in three immediately preceding financial years to issue public debt securities.
Remember the video of Ohio State men’s basketball players Aaron Craft, Jon Diebler and Jared Sullinger singing Miley Cyrus’ “Party in the U.S.A?” Do you wish you could see those three sing the song live? If the OSU men’s basketball team had a midnight madness, that performance could happen. Started by Charles “Lefty” Driesell at the University of Maryland, midnight madness is currently a major part of the college basketball world, and it took place last Friday night. Driesell came up with the idea in 1971 to have his Terrapins’ first practice of the season at the earliest possible time that the NCAA would allow: midnight. Schools across the country have since adopted that idea, with the midnight practice now transforming into more of a preseason party hosted by the basketball team than work on the court. Students, alumni and fans gather at a teams’ arena to see their program introduce that year’s team. Different schools do different things, but the event usually involves the team performing a song or dance, the head coach giving a speech, and an intrasquad scrimmage. This year, Connecticut had a dunk contest, Syracuse got Carmelo Anthony to show up and interact with the crowd, and Maryland had an alumni scrimmage featuring some of their current and former NBA players. Nonathlete celebrities show up for the madness as well. Rapper Wale performed at Georgetown’s event last season, and 50 Cent appeared at Villanova’s five years ago. Basically, all the big-time programs have some form of a season tip-off event highlighted by entertaining performances and all-star game-type defense scrimmages. Except for the Buckeyes. It’s not as if OSU doesn’t have a big enough basketball program to host such an event. Two 30-win seasons and a national title game appearance in the last five years, along with an anticipated top-five team this year puts the Buckeyes among the nation’s top teams. Why not celebrate something that OSU does well? With the current state of the football program, the men’s basketball team should be the pride of the athletic department. Hosting an event that takes attention away from the football team and focusing it onto a basketball program that has done nothing but win and represent the school well in recent years needs to happen. The possibilities for the event are endless. A scrimmage between players, both former and current, would certainly entertain. Who wouldn’t want to see Sullinger posting up Greg Oden or William Buford trying to shake Evan Turner? Ohio natives Kid Cudi, Bow Wow, or Chip tha Ripper could perform. If those three aren’t available, I’m sure the crowd wouldn’t mind being serenaded by the voices of Craft and Sullinger. Who knows, maybe known Buckeye fan Lebron James would show up. Either way, OSU is missing out on a big part of the college basketball world, and it’s time for change.
OSU redshirt sophomore quarterback Joe Burrow (10) catches a snap during the Spring Game at Ohio Stadium on April 15, 2017. Credit: Jack Westerheide | Social Media EditorAfter the 2016 spring game, then-redshirt freshman quarterback Joe Burrow said he wasn’t ready to assume the role of backup quarterback. Now-redshirt freshman Dwayne Haskins wasn’t in the mix for the job yet, having not arrived at Ohio State.On Saturday in the 2017 spring game, the two threw a combined 59 passes, completing 40 of them. Haskins was 21 for 32 with the Gray team and 5 for 5 with Scarlet. Burrow was 14 of 22 for Scarlet. Now exiting spring camp heading toward summer workouts and fall camp, whoever wins the backup quarterback job feels confident enough to be the next man up behind redshirt senior quarterback J.T. Barrett.Haskins had the most opportunities in the passing game, playing for nearly the entire game on the Gray squad after Barrett played just the first quarter. Haskins completed five passes for more than 20 yards, throwing for 283 yards, three touchdowns and no interceptions. Burrow connected on three such passes, accumulating 262 passing yards and three touchdowns on the day.Burrow said that the game has slowed down for him quite a bit from a season ago.“I see just about everything that’s going on on defense, know the offense way better — the ins and outs, what’s going on up front,” he said.Burrow and Haskins each stood in the pocket and sprayed the ball all over the field, not being afraid to throw it deep and let the receiver make a play in the air. The effect of a Ryan Day-Kevin Wilson offense was on full display for the first time for the Buckeyes and the passing game reflected that change the most.Burrow came into the spring game as the clubhouse leader for the backup quarterback job, but after a strong performance from both the Athens, Ohio, native and Haskins, OSU coach Urban Meyer will have a decision to make come fall.“I know it is very close. But I’m not prepared to say who is (No.) 2, who is (No.) 3, et cetera, yet,” Meyer said.Meyer continued saying that all four quarterbacks — Barrett, Burrow, Haskins and freshman Tate Martell — have been exceptional during spring camp. He added Haskins and Burrow played well Saturday.In his first time playing in a game scenario, Haskins confirmed beliefs about his arm. He overthrew receivers at time, but dropped in a few long passes on target to redshirt junior wide receivers Johnnie Dixon and Terry McLaurin for his three touchdowns.When asked whether or not he thought Burrow and Haskins are ready to be the quarterback on deck, Dixon emphatically said he’s confident Burrow and Haskins each can be the leader of the offense, if need be.Haskins said that he did what he sought out to do this spring and did enough to win the backup job. But until fall camp, he and Burrow will have to wait to prove they’re the right choice to be the next up after Barrett.“As far as the competition goes, we’re just going back and forth rotating twos, ones,” Haskins said. “Doing everything we need to do to get each other better.”
Ohio State coach Urban Meyer addresses the Buckeyes prior to the first practice of fall camp on July 27. Credit: Colin Hass-Hill | Sports EditorComing off its 54-21 victory over UNLV, the No. 11 Ohio State football team (3-1, 1-0 Big Ten) will be preparing this week for its matchup against Rutgers, the first Big Ten opponent the team has faced since the season opener against Indiana.Speaking on Tuesday’s weekly Big Ten coaches teleconference, head coach Urban Meyer was asked questions about the protests that were prominent in the NFL this week, and how he would react if one of his own players asked to protest racial injustice and police brutality by kneeling during the national anthem.After he avoided providing a direct answer the day prior at a press conference regarding how the team has dealt with the protests, Meyer gave a similar answer in the teleconference, citing a culture of respect to deal with the varying opinions players and coaches might have on the hotly debated topic, while avoiding sharing his own opinion on the matter.“A culture of team, a culture of respect and a culture of focus. And so, I was unaware that anything was going on until yesterday,” Meyer said Tuesday. “I’ll talk to some players and we’ll do what we normally do after a conversation and I’ll let people have their opinions and never cross the ‘r-word’, which is respect.”Meyer later said that in a hypothetical situation in which a player might ask him about joining the protest over racial injustice and take a knee during the national anthem, any conversation on the matter would be kept private and not shared with the public.“That’s between me and the player and to be honest, I don’t know,” Meyer said. “And if I did, I probably wouldn’t share it with you since to me, that’s sanctuary-type meetings you have with your players that you have trust in. So it’s no different than if you said what if my son or daughter came home and asked me what would I do, that’s between me and them.”Here are more updates from Meyer during the Week 5 teleconference.On Big Ten locker rooms: “These players do a lot for us and do a lot for our conference. They should be treated right and that’s very clean environment, obviously the proper heat, proper air conditioner, air conditioning and a sanitary environment. And I would imagine that from this point forward that their people will look at that very closely.”On assessing the team: “Pass defense continues to be the No. 1 on the hit parade as far as we have three pass interference penalties last week. Other than that, we played well, but that’s No. 1 where we need to improve. And then No. 2 is consistency on offense, and especially you know when you start getting into conference play and facing the better defenses, you have to play much better.”On Tracy Sprinkle: “He’s one of our top players as far as leadership, as far as respect amongst our players, so they know how hard he works, what a character guy he is and how much he loves his teammates. He actually talked some today a little bit. He’s getting back to that group he was before he got hurt. So, his last two games have been much better and we anticipate him to continue to improve as he has more confidence on that leg.”On freshmen who impressed against UNLV: “I can see Pete Werner and Baron Browning. They’ve really made strides … plus they’re very talented guys. Jeffrey Okudah is a guy who has taken a giant step and earned some playing time. Trevon Grimes had a couple really good weeks of practice. He’s not in a position to be in the rotation yet, but he’s working towards that.”On Demario McCall: “We’re pressing along and trying to get him ready to go, but when you watched him play, that wasn’t the Demario McCall you’ve seen in the open field. So it is a real injury. It is something that’s getting better and it’s a guy that just needs confidence to become the dynamic player he could be.”
Pep Guardiola has warned his players that progress must be continued to be made at Manchester City in order for him to see out his new contractThe Catalan signed a new two-year deal with the Premier League champions on Thursday that he will see remain at the club until the end of the 2020-21 season with his original contract still having a further year remaining.In his nine-year managerial career, Guardiola has spent four years at Barcelona and three at Bayern Munich.The 47-year-old warned that he may also decide to leave City, after a short spell, if they are unable to continue their progress made from this season.“The contract and the manager always depends on the result. We have extended two years to stay for the next three years but we depend on results,” said Guardiola, according to SportsKeeda.Report: City are stunned by Norwich George Patchias – September 14, 2019 Manchester City was stunned by Norwich City in todays Premier League clash.Much has been made in recent days of the potential impact of Aymeric…“In football, what you have done in one year can change absolutely everything. But I have confidence with the club, with the chairman [Khaldoon Al Mubarak], with [director of football] Txiki [Begiristain]. We know [each other] perfectly.“When we feel things are not going well, we are going to change and I am going to make a step back.“I am trying, with all my efforts and desire to avoid that, and instead of making a step back we are going to make a step forward to maintain the level of this club.“We have a contract because we have to have a contract, but the club knows me and when I have the feeling that our relationship with the players is not good I am going to make a step back and another guy is going to come to help the players maintain this high level.”
Ahead of the last-16 clash between Japan and Belgium, defender Gen Shoji said he is up for the challenge and is well aware what exactly he needs to be prepared for.Even though Lukaku might be Shoji’s direct opponent in the fixture, he is not Belgium’s only attacking option. Eden Hazard and Dries Mertens are just some other names who could easily find the back of the net of Japan’s goal.“I do feel I will be faced with Lukaku quite a lot. In preparation of the match, I think I have to overcome him mentally,” Shoji said, according to FourFourTwo.“Yes, we are facing Belgium, a formidable foe, but I’d like to be mentally prepared.”Capello calls Lukaku “a modern striker” Manuel R. Medina – September 14, 2019 The former Italian manager believes Romelu Lukaku is perfectly suited for Antonio Conte’s Internazionale Milan in the Serie A.Akira Nishino, manager of Japan, said he has already talked with Eiji Kawashima after some not normal mistakes the goalkeeper made in the group stage.“He’s a perfectionist,” Nishino said.“[After] the first and second matches, I actually had a chat with him, personally. His position, his play, we discussed for quite a long time. ”“He’s the only one who’s played as a goalkeeper in Europe. And he self-analysed his play very well.”
Atletico Madrid manager Diego Simeone has responded to comments made by Thibaut Courtois after the Real Madrid goalkeeper criticized him.The Belgium international accused his former manager of constant attack against the European champions in order to boost his popularity amongst Atletico Madrid supporters.Courtois’s comments came after Croatia captain and Real Madrid teammate, Luka Modric accused Simeone of constantly trying to undermine the Los Blancos after the Argentine said either Antoine Griezmann or Raphael Varane should have won Ballon d’Or ahead of Luka Modric.Speaking in his pre-match press conference ahead of Atletico’s clash against Espanyol on Sunday, Simeone said, as quoted by Goal:La Liga Betting: Match-day 4 Stuart Heath – September 14, 2019 Despite it being very early into La Liga season, both Barcelona and Real Madrid have had unprecedented starts to their campaigns. With this in…“I’m very respectful with him,” he said of Courtois.“I don’t understand what he wanted to say.”Simeone’s Atletico Madrid are currently seated in third position in the Spanish LaLiga, two points ahead of Rivals Real Madrid after 16 round of matches.
Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, May 11, 2017 – Nassau – Premier Sharlene Robinson today phoned Leader of the Free National Movement (FNM) and incoming Prime Minister, Dr. Hubert Minnis, to congratulate him on his Party’s success at the Polls.Premier Robinson remarked that the call was welcomed and well received.She has also issued a congratulatory letter on behalf of the People of the Turks and Caicos Islands which included the following sentiments:“It is without a doubt that the people of the Bahamas have spoken and their level of faith in both you as their leader and your government translated in the landslide delivery of thirty five candidates from the Bahamas FNM Party…”She continued in her letter. “…As politicians we have the great responsibility to effectively lay out the promises of our manifestos, hoping that others will share in our vision for our countries, but as Leaders we have an even greater responsibility, to deliver on those promises and fulfill the dreams that we have awaken in our people.”Premier Robinson has wished the new Prime Minister all the very best in his endeavors and committed to pray for him, his Government and his country.#magneticmedianews#premiercongratulateshurbertminnis Related Items:#magneticmedianews, #premiercongratulateshurbertminnis Facebook Twitter Google+LinkedInPinterestWhatsApp
Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:#CDB47annualmeeting, #intergrationtradeandgrowth, #magneticmedianews Facebook Twitter Google+LinkedInPinterestWhatsAppTurks and Caicos, May 22, 2017 – Providenciales – The Caribbean Development Bank and its key members are in town and based on the agenda, there are some serious and potentially trans-formative discussions set to take place at this 47th annual session. The CDB meeting agenda outlines topics designed to stave off weak economic growth in the Caribbean… consideration of how climate change will and is already impacting the region, what is really at risk… how we can and must boost productivity within our countries… can we find something other than tourism as an economic driver… and getting to the nitty gritty of what may be wrong with the model for attracting foreign direct investment. The meeting, where some 500 international delegates are expected to attend actually got started since yesterday with meetings largely headquartered at the Gus Lightbourne Gym. Though the 47th AGM was originally announced by the former TCI government administration through then Finance Minister, Hon Washington Misick; chair of the sessions is recently elected Premier and new finance Minister, Hon Sharlene Robinson who extended welcome and said she anticipates the fruitful dialogue among regional colleagues which should see participants leaving feeling revitalized. President of the CDB, Dr Warren Smith said the sessions are geared to reexamination so that “Members exploit their synergies and maximize the benefits of the regional agreement, while moving closer to the goal of inclusive growth and shared prosperity.” The meetings is being held in the TCI for the second time with the 2017 theme being, “Integration, Trade & Growth.”#MagneticMediaNews#CDB47annualmeeting#intergrationtradeandgrowth Recommended for you CDB Annual Meeting in TCI: Integration, Trade & Growth
Dan Cohen AUTHOR Spikes now being installed on the White House fence to enhance security were manufactured at Rock Island Arsenal’s Joint Manufacturing and Technology Center.The “removable anti-climb feature consisting of sharp metal points” was designed by the U.S. Secret Service. Rock Island Arsenal, located on the Mississippi River between Iowa and Illinois, is the Army’s only full-scale metal manufacturer. Personnel from the Joint Manufacturing and Technology Center began helping to install the spikes last week. The work should be finished next month.The security enhancements are intended only as a temporary measure; the Secret Service and the National Park Service are developing a long-term design solution. The modifications are a response to an incident last year in which a man carrying a knife scaled the White House fence, ran across the North Lawn and entered the residence before being tackled by a Secret Service officer.To see the fencing being installed, watch a video from the Washington Post.
Community leaders were on the inaugural Contour Airlines flight Feb. 12 from Waynesville-St. Robert Regional Airport at Fort Leonard Wood, Mo., to St. Louis. The Sustainable Ozarks Partnership said the daily jet service will support military mission and boost tourism….The new director of veterans services in Ohio is prioritizing transition readiness, so veterans are ready for new jobs “the moment they step out of uniform,” according to the Dayton Daily News. Deborah Ashenhurst said helping with employment will also reduce homelessness, drug abuse, mental health problems and suicide among the state’s 800,000 military veterans….Buckley Air Force Base pumped almost $1 billion into the Aurora, Colo., community last year, an increase over the year before. The base supports about 4,300 jobs, according to The Sentinel….Bids are due March 11 for a “transit-oriented development” study at a train station site near the south gate of Aberdeen Proving Ground. The Office of Economic Adjustment is funding the project, according to the RFP from Harford County, Md.Photo by Sustainable Ozarks Partnership ADC AUTHOR
Gold prices in India dropped for the second consecutive day on Saturday, as did silver. The fall was due to lacklustre demand from jewellers and the overall declining trend in the prices of the yellow metal, reported Press Trust of India. Gold prices fell Rs. 225 down to Rs. 29,575 per 10 gm and silver declined Rs.150 to Rs. 40,200 per kg in the Delhi bullion market, reported the agency. The yellow metal had spurted by Rs. 400 on Thursday to reach a high of Rs. 29,900 per 10 gm before setting off on a losing trend.Despite the fall over the past two days, gold delivered a return of 17.36 percent and silver 21.17 percent based on their closing prices on Jan. 1 and April 22.Meanwhile, the Indian government announced on Friday the formation of a panel to look into problems faced by jewellers over the imposition of the 1 percent excise duty. The panel will be headed by Ashok Lahiri, former chief economic advisor.Other members of the panel include Rohan Shah, legal expert; Manoj Kumar Dwivedi, joint secretary in the department of commerce; Alok Shukla, joint secretary, tax research unit, CBEC and trade representatives.”The Committee shall consider all issues related to compliance procedure for excise duty, records to be maintained, operating procedures and all other relevant issues,” the Indian finance ministry said in a statement.The re-introduction of the excise duty had led to jewellers going on a 19-day strike that was called off on March 19 following assurances by the government.The strike led to a sharp fall of 80 percent in gold imports to $972.96 million on an year-on-year basis in March.
Oil prices were steady on Friday after a run up on supply disruptions, especially in the Americas, where wildfires continue to rage near Canada’s huge oil sand fields, tightening a market suffering global oversupply.The disruptions helped offset the impact of a stronger dollar this week .DXY, which potentially reduces demand for crude as it makes dollar-traded imports more expensive for countries using other currencies.International benchmark Brent crude futures LCOc1 were trading at $44.95 per barrel at 0203 GMT, 6 cents below their last settlement but flat with its first close this week.U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $44.17, down 15 cents but over 1 percent above this week’s first close.”Supply disruptions and closures helped push crude oil prices higher, despite the stronger U.S.-dollar,” ANZ bank said on Friday.A massive fire around the Canadian oil city of Fort McMurray has forced the evacuation of all its residents and the closure of 690,000 barrels per day (bpd) worth of production out of Canada’s total oil sands output of 2.2 million bpd.Adding to the production outage in Canada is an ongoing decline in U.S. output.”While the wildfire in the oil-sands regions of Canada is still wreaking havoc with many producers, U.S. oil output continues to feel the impact of low prices,” ANZ said.Data by the U.S. Energy Information Administration (EIA) shows that U.S. crude oil output has fallen by 410,000 bpd this year, and by 800,000 bpd since mid-2015, as many producers succumb to a rout that saw prices tumble 70 percent between mid-2014 and early-2016.Analysts said that the hits to North American output, combined with disruptions in Latin America, were contributing to a fast erosion of global oversupply that peaked as high as 2 million barrels bpd last year.”Unplanned oil supply disruptions have been a key element so far this year that have contributed to a tighter oil market than was otherwise expected,” said analyst Guy Baber of Simmons & Co.
After years of tepid performance, fund raising through Initial Public Offerings (IPO) route touched a six-year high this year as more than 20 companies raised over Rs 26,000 crore from investors.According to a report in Press Trust of India (PTI), 26 companies have raised more than Rs 26,000 crore through public offers so far this year. As markets enter into a vacation mood owing to Christmas and New Year, analysts don’t see any further fund raising during the last fortnight of the year.Interestingly, companies were able to raise more than double the amount of money in 2016 as compared to the previous year. During 2015, 21 companies mopped up Rs 13,564 crore from investors. The report quoted experts saying that while the first nine months of this year saw most of the activity with larger number of issuance, it slowed down in the past two months after weakness in the secondary market.”Deepening uncertainty over the impact of the note ban may see a marked slowdown (on IPO issuances) in the short term,” the report said.During this year, companies belonging to diverse sectors such as business services, small finance banks and insurance firms tapped the market route to raise funds. Notably, fund mop-up in 2016 has turned it into one of the best years after 2010, in which a record amount of Rs 37,534.65 crore was raised.The year 2016 saw some landmark movements when India’s first life insurance company ICICI Prudential hit the market with its Rs 6,057 crore public offer, making it the largest share sale of the year. The IPO, which was oversubscribed 10.44 times, was the one of the highest fund raising activity by a company after Coal India’s Rs 15,000 crore IPO in 2010.Meanwhile, this year also witnessed listing of many small and medium enterprises (SMEs) in the SME platforms of BSE and NSE. As per the report, most of the 150 small firms listed on the BSE entered the market in 2016. SMEs together raised Rs 721 crore till September this year, mostly on the BSE platform, the report said.OutlookHowever, outlook for next year seems to be clouded in a lot of uncertainties on the back of domestic and global headwinds. With US Federal Reserve’s outlook on three rate hikes next year, analysts are concerned over the participation of Foreign Institutional Investors (FIIs) in upcoming public offers. Further, the impact of note ban on economic growth and outcome of state elections will determine the overall sentiments in the market.According to reports, around Rs 12,500 crore worth initial public offerings (IPOs) are set to hit the market next year with major exchanges like NSE and BSE figuring in the list.