Dutch pensions regulator criticised for ‘opening window during storm’

first_imgThe Dutch Pensions Federation, however, argued that pension funds would be even more susceptible to interest-rate movements after the UFR cut, which it likened to “opening a window during a storm”.It said the regulator’s decision to opt for a discount rate with an increased focus on financial markets was “illogical”, particularly when the European Central Bank’s quantitative easing policy was having such a strong impact on interest rates.Klijnsma, however, has made clear that the government is not looking to mitigate the effects of low rates.In a letter to Parliament, she said the government believed it was important that the interest rates applied by pension funds be “designed as accurately as possible”.The state secretary’s letter accompanied a report on the impact of the nFTK, the low-interest-rate environment and the new UFR on pension funds’ financial positions.One of the conclusions of the report was that the reduced UFR would lead to a 6% increase in the cost-covering pension contribution.However, the actual increase in premiums is expected to be limited to 1% next year, as many pension funds already charge a contribution above the cost-covering level.The report also concludes that the UFR’s impact on premiums will vary widely.For most workers, there will be no changes, it say.But it suggest that, for a small group of participants – particularly at schemes with a contribution that covers less than 80% of actual costs – increases could exceed 30%. The Dutch Pensions Federation has warned that the reduction of the ultimate forward rate (UFR) for discounting pension liabilities will serve to heighten volatility within the new financial assessment framework (nFTK). The industry organisation said the lower rate was “at odds” with one of the key stated aims of the nFTK – increasing stability – and that it wanted to discuss the matter with Parliament and Jetta Klijnsma, state secretary for Social Affairs.Previously this summer, the Dutch pensions regulator (DNB) caught many in the industry by surprise when it cut the UFR for pension funds from 4.2% to 3.3%.At the time, it described the lower rate as being more “realistic, balanced, sustainable and fair”.last_img read more

Dutch bank scheme incurs loss on catastrophe bonds

first_imgThe €26.5bn pension fund of Dutch bank ABN Amro gained 2% on its investment portfolio last year despite incurring losses from exposure to catastrophe bonds.The scheme’s return-seeking portfolio delivered a 7.6% return, outperforming its benchmark 0.2 percentage points, according to the scheme’s annual report. The allocation to catastrophe bonds was the only part of this portfolio to lose money during the year.The asset class’ loss of 2.3% was attributed to a series of severe storms as well as a large earthquake in Mexico.The scheme started investing in catastrophe bonds in 2015. It has strategically allocated 7.5% of its return holdings to the asset class. Dutch healthcare scheme PFZW earlier this year also reported a loss on its exposure to the asset class in 2017, while in Switzerland, where insurance-linked securities are widely used, investors have sought to diversify after also incurring losses.Meanwhile, ABN Amro’s matching portfolio lost 2.7%, although it still outperformed its benchmark by 0.5 percentage points.The overall result of 2% exceeded the scheme’s target by 0.4 percentage points.The pension fund follows a dynamic investment policy, increasing its matching portfolio during periods of rising interest rates. It rebalances every quarter, using limits to prevent too many transactions.The ABN Amro Pensioenfonds said it had increased its matching exposure from 52% to 70% last year, while reducing its return exposure from 50% to 43%.Clarifying the figures, Mattijs Hooglander, the scheme’s temporary chief executive, said the percentages included derivatives deployed for risk hedging.The scheme’s funding rose 8.4 percentage points to 129.2% last year, and stood at 130% at the end of May.As a consequence, the pension fund granted all its participants and pensioners a full indexation of 1.7% last year as well as a 1.5% inflation compensation last April.It also paid them the 0.3% indexation in arrears, which had been accrued over 2011 and 2012.The scheme attributed higher administration costs – which rose from €161 to €185 per participant – to IT investments to make its systems futureproof. Combined costs of asset management and transactions were 0.11%.The scheme said that a drop in the number of active participants by roughly 1,000 had been largely offset by the company’s subsidiary International Card Services joining the pension fund with 600 active members.However, it indicated that it considered a decreasing number of active participants, combined with the need for upscaling, as a risk for the long term.It said it wanted to counter this development by cost-cutting through outsourcing as well as more efficient acquisition.At year-end, the pension fund had 99,050 participants in total, of whom 18,150 were employees and 26,610 were pensioners.last_img read more

Good news for renters as Gold Coast vacancy rate hits highest level since 2013

first_imgThe Gold Coast’s residential rental vacancy rate has hit 2.8 per cent.THE Gold Coast’s residential rental market is the healthiest it has been since 2013, creating more of an even playing field between tenants and landlords.The Real Estate Institute of Queensland’s (REIQ) latest vacancy rates report, released yesterday, showed a slight rise to 2.8 per cent for the Glitter Strip.The city’s vacancy rate has sat below 2.5 per cent since 2016 and hasn’t reached what was believed to be a “healthy” figure for six years.The Gold Coast notched the most significant change across the Queensland markets and has the same rate as Brisbane.REIQ CEO Antonia Mercorella said the Gold Coast’s vacancy rates are healthy. Picture: Claudia Baxter.“Following a persistently tight rental market, the Gold Coast’s vacancy rates have jumped to 2.8 per cent, moving the region into the healthy range for the first time in five quarters,” REIQ CEO Antonia Mercorella said.“The last time the Gold Coast’s rental market sat in the healthy range was in the December quarter of 2016, when it just scraped in at 2.5 per cent,” she said.The previous quarter saw a 1.7 per cent vacancy rate for the city, while it was as low as 1.1 per cent in the March 2018 quarter.MORE NEWS: Why one Coast suburb’s house price has been slashed in halfMORE NEWS: Estate’s sale price just short of record It was previously reported that vacancy rates had hit a decade-high figure of 4.8 per cent in the December quarter, however the data was skewed with a high percentage of university accommodation vacancies, which the REIQ said they incorrectly took into account.The reported figure has since been amended 1.6 per cent.“A rental vacancy rate between 2.5 per cent to 3.5 per cent is considered healthy, reflecting a market where supply meets demand,” Ms Mercorella said“The Gold Coast’s return to a healthy condition could be partly attributed to reduced employment in the area, following the near completion of numerous construction projects, multiple restaurant closures and job-cuts at the Casino.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“This, combined with the usual increase in vacancy levels during the winter months when hospitality workers often move onto other locations, has contributed to this welcome change.”Renters and landlords are now on a more even playing field on the Gold Coast.The Gold Coast’s median rental price for a house is $500 per week and $450 for a unit, according to the REIQ.“Median rents for three-bedroom houses, two-bedroom units and three-bedroom townhouses have increased by around 2.2 per cent over the year from March 2018 to 2019,” the report said.REIQ Gold Coast zone chairman Andrew Henderson said the rate rise had created a balance between tenants and investors.“It’s good news for tenants where they have some choice but is still at a level where property owners can get themselves a good tenant in a relatively short period of time,” he said.“When it gets to that tight level there’s significant competition over properties.“Good supply and demand sets a fair market value for rental prices.”Knight Frank head of project marketing Queensland Chris Litfin said the figures could be a seasonal adjustment but were heading towards a perfectly supplied market.“Three per cent is the magic number, when the market is at 3 per cent it’s considered to be an equilibrium,” he said.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWays to get into the property market for less00:29last_img read more

Clive Palmer snaps up beachfront RSL prize home pre-auction

first_img The Hamptons-style stunner at 1088 Killymoon Dr, Hope Island sold for $2.51 million.A renovated house on a dry block in Mermaid Waters sold for $1.39 million within six days while a Hamptons-style home in Hope Island was snapped up for $2.51 million within a week of being launched. On Monday, a 1960s beach cottage at 265 Jefferson Lane sold for $3.125 million — 24 hours after being listed for sale. More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoA jacuzzi off the bedroom adds a fun touch of luxury.The investment adds to Mr Palmer’s impressive residential property portfolio which includes a $12 million beachfront home at Mermaid Beach and a $7.5 million riverfront residence in Fig Tree Pocket, Brisbane. The purchase comes amid a string of speedy sales across the Gold Coast this week as a shortage of sales listings creates strong competition among buyers. MORE: Secret buyer of mega mansion revealed The open plan design makes the most of the beachfront location.The sale went through at the start of the month, before the property could go under the hammer.The stunning four-bedroom house features light timbers, a cool colour palette and a spacious open plan design which capitalises on the ocean vista. A private jacuzzi deck adds a touch of luxury off the bedroom while the rooftop terrace is kitted out with a barbecue, kitchenette and powder room. Most-viewed Hamptons house snapped up for $2.51m The enclosed rooftop terrace is a comfortable space in all weather. The RSL prize property at 165 Jefferson Lane, Palm Beach.Queensland billionaire Clive Palmer has pocketed a $200,000 discount snapping up a beachfront RSL prize home off one of last year’s winners.Mr Palmer secured the Palm Beach mansion at 165 Jefferson Lane for $3.9 million, prior to the scheduled auction.The owner of the RSL Art Union prize home draw 369 had won it on October 9 last year when it had an estimated value of $4.1m.last_img read more

Area Basketball Scores (12-4)

first_imgArea Basketball ScoresWednesday  (12-4)Girls Scores.Jac-Cen-Del  64     Hauser  34Union County  54     Connersville  21Madison  50     Floyd Central  37Boys Scores.Covington Holmes  91     South Dearborn  72last_img

EPL: Gunners face Wolves tough test

first_imgWolves vs. Arsenal Venue: Molineux Kick off: 5:30PMArsenal begin a run of challenging fixtures with a trip to Molineux as they prepare to take on fellow European hopefuls Wolverhampton Wanderers in today’s Premier League showdown. The two clubs both enjoyed victories and clean sheets in their most recent fixtures, with Wolves overcoming Aston Villa 1-0 last weekend while Arsenal inflicted a 4-0 thrashing on Norwich City in midweek.Even though Wolves have had relatively friendly fixtures to contend with in the past few weeks, Nuno Espirito Santo’s side have shown no signs of complacency as they maintained their 100 per cent record since the restart over Villa last time out.The European hopefuls were certainly made to work for their victory against Dean Smith’s side, but a second-half Leander Dendoncker winner was enough to take their total points tally to 52 for the season – keeping their aspirations of qualifying for the Champions League well and truly alive.Nuno’s men have now enjoyed three victories and three clean sheets over West Ham United, Bournemouth and Villa following the resumption of the Premier League, and Wolves are now only two points behind fourth-placed Chelsea following their dramatic defeat to West Ham on Wednesday.Of course, fifth may be enough to guarantee a Champions League spot amid Manchester City’s financial fair play troubles, and Wolves are now only behind Manchester United on goal difference with six games left to play. The visit of Arsenal represents the most challenging task that Santo’s men have faced since the English top flight was given the green light to return, although the Wolves faithful will have fond memories of their 3-1 victory over Arsenal at Molineux last season.Man United and Chelsea are aiming to record straightforward victories over Bournemouth and Watford respectively this weekend, but should the English giants both slip up, Wolves could enter the final five games of the season in the top four with a win over Arsenal.Meanwhile, Arsenal have finally started to string a set of wins together as they recorded their third victory on the bounce in all competitions against bottom-of-the-table Norwich at the Emirates.Pierre-Emerick Aubameyang is now neck-and-neck with Jamie Vardy in the race for the golden boot as the Gunners captain took his tally to 19 for the season against the Canaries, with strikes from Granit Xhaka and debutant Cedric Soares capping off a morale-boosting win for Mikel Arteta’s men.Things looked bleak for the Gunners following defeats against Manchester City and Brighton & Hove Albion in their first games back, but Arteta’s men are firmly in the argument for a European berth with 46 points from 32 matches this term. However, the trip to the West Midlands is followed up by crunch matches against Leicester City, Spurs and Liverpool in July – meaning Arsenal can ill-afford to drop too many points if they want to secure a spot in international competition for next season.The North London outfit can also go down the route of an FA Cup triumph for European football following their quarter-final victory over Sheffield United – but Arteta must now contend with another reunion with Pep Guardiola as Arsenal face Man City at Wembley in the last four.While Arteta’s side are not renowned for their away form, the Gunners have only suffered defeat twice in their last 15 games in all competitions on the road, but they have not beaten Wolves in three attempts since Santo’s side made their return to the big time.Wolves possible XI: Patricio, Coady, Boly, Saiss, Doherty, Dendoncker, Neves, Moutinho, Jonny, Jota, Jimenez. Arsenal possible XI: Martinez, Luiz, Mustafi, Holding, Cedric, Xhaka, Ceballos, Saka, Pepe, Nketiah, Aubameyang.RelatedPosts Runarsson joins Arsenal on four-year deal Ighalo: My best moment as ‘Red Devil’ Arsenal, Wolves want Michael Olise —Tags: Arsenal FCAston VillaPremier LeagueWolverhampton Wandererslast_img read more

Rosberg retakes F1 title lead after Singapore thriller

first_imgBy John O’BrienSINGAPORE, (Reuters)-Germany’s Nico Rosberg celebrated his 200th Formula One race by retaking the championship lead from Mercedes team mate Lewis Hamilton after a pole to flag win in Singapore yesterday.After a chaotic start that brought out a safety car on the opening lap, Rosberg stayed clear of Red Bull’s late-charging Daniel Ricciardo at the floodlit Marina Bay Street Circuit.Triple world champion Hamilton completed the podium in third place.“The whole car was on the edge, it always is here in Singapore, so it’s very satisfying to finish like that,” Rosberg told reporters.The German’s third victory in a row, and 22nd of his career, lifted Rosberg on to 273 points, eight clear of Hamilton, with six rounds remaining and Australia’s Ricciardo a distant third on 179 in the title race.Rosberg’s win was his eighth of the season and first in Singapore, a grand prix that has only been won by world champions until now.The German had started two points behind Hamilton and, despite leading comfortably halfway though the race, crossed the line just 0.488 seconds ahead of Ricciardo after having to complete the last 28 laps on the same soft tyres.Red Bull opted for a bold tyre strategy to put pressure on Rosberg late on and Ricciardo was eating into the advantage at roughly three seconds a lap in the closing stages but ran out of road before the chequered flag.“Of course Daniel tried to pull one up on me with the pitstop at the end, we knew it was going to be tight but we got there so I’m very happy,” added Rosberg, who opened a 43-point lead on Hamilton at the start of the season before falling behind when the Briton won six of seven races.OVERHEATING BRAKESHamilton had his own private battle with Ferrari’s Kimi Raikkonen behind the leading duo, the Briton losing third place to the Finn after a mistake on lap 34 but reclaiming the position with a timely pit stop to hold on to the finish.“This weekend has been a tricky one for me but I’m just happy to get on the podium and get some points for the team,” Hamilton said.“The brakes were way overheating so I had to slow down. Once I did my second or third stop we managed to sort it out.”Last year’s race winner Sebastian Vettel drove brilliantly from last on the starting grid to claim fifth place in the other Ferrari, the German coming home ahead of Red Bull’s Max Verstappen and Fernando Alonso in a McLaren.The safety car was deployed immediately after the start when Nico Hulkenberg’s Force India, eighth on the grid, suffered a heavy crash after making contact with Carlos Sainz’s Toro RossoRosberg got away cleanly to lead from Ricciardo, with Hamilton in third and Raikkonen behind him after Verstappen suffered a woeful start to slip back to eighth from fourth on the grid.The race restarted and Rosberg would have been startled to see a marshal at the end of the start-finish straight picking up debris, the man just managing to get off the circuit before the Mercedes reached him.There were no more safety cars, throughout a 61-lap race that has yet to be completed without one, but the different tyre strategies of the leading cars made for a tactical and exciting race on a circuit that offers very few overtaking opportunities.Mexican Sergio Perez was eighth for Force India with Russian Daniil Kvyat ninth for Toro Rosso.Denmark’s Kevin Magnussen scored the final point for Renault in only the second finish in the points for the team this season.last_img read more

ICC World Cup World Cup Final New Zealand vs England: England win World Cup 2019

first_imgNew Delhi: The 4192nd ODI witnessed was one of the greatest clashes in the history of the One Day International Game. In 11 World Cup editions, the closest victory margin was seven runs by Australia against England in 1987 at Kolkata. Now, England, with the pain of three World Cup final losses and New Zealand, the 2015 final losers, clashed against each other. It was already 6:45 AM in New Zealand. 100 overs later, a New Zealand-born cricketer playing for England almost hurt the Kiwis. Ben Stokes blasted 83 but the match ended in a tie and for the first time in World Cup history, the title would be decided on the super over. Trent Boult leaked 15 runs and New Zealand needed 16 runs. James Neesham blasted a six off Jofra Archer, who came into the England side as a man of destiny having just qualified to play for the national side. Two runs were needed off one ball. Martin Guptill, who had endured a nightmare World Cup, had a chance for glory. However, when he turned for a second, Guptill was run-out. The super over was tied. England had won the World Cup due to a bigger boundary count. Read that again: England won the World Cup because the boundary count was higher. 22 by England as compared to 16 by New Zealand.00:06 hrs IST: That’s it from us. Hope you enjoyed our coverage through the course of tournament as much as we did to bring this to you. So, one last time, that’s it from Vedant and Siddharth. 00:03 hrs IST: RESULT: Match tied in Super over. England win World Cup due to larger boundary count. 00:00 hrs IST: 2 needed off 1 ball.23:59 hrs IST: Two more! 3 needed off 2 balls.23:58 hrs IST: Two runs from the third ball. 23:57 hrs IST: Jimmy Neesham smashes SIX through mid-wicket region. 23:56 hrs IST: Two runs down to long on! 23:55 hrs IST: Jofra Archer starts with a wide! Pressure looms on young lad. 23:52 hrs IST: Martin Guptill and Jimmy Neesham to open! Can they do it? 23:51 hrs IST: Jofra Archer to bowl the final over. Can West Indies born cricketer write England’s destiny? 23:46 hrs IST: And it’s a boundary! England manages 15 runs from the super over! 23:45 hrs IST: Couple of runs! Just one ball more to go. 23:44 hrs IST: One run off Ben Stokes’ willow. 23:43 hrs IST: Ben Stokes smashes it through the cover region and it’s FOUR! 23:42 hrs IST: Just one run through the mid-wicket region. Four legal balls remaining.23:41hrs IST: Jos Buttler and Ben Stokes out in the middle. Trent Boult gave three from the first ball. 23:30 hrs IST: Oh my word! We have a SUPER OVER! What a game this has been! Stokes has given all what he had! If England wins, Stokes may well have a chapter in history of English cricket. 23:19 hrs IST: WICKET! Knocked him over. Jofra Archer departs for golden DUCK. After 49 overs, it’s 227/8. 15 needed off the last over.23:19 hrs IST: WICKET! Neesham keeps New Zealand hopes alive. What a final this has been! Seven wickets down! 22 needed off 9 balls. 23:14 hrs IST: Boundary off the first ball and 10 came off the over. This is turning out to be a nail-biting encounter. After 48 overs, it’s 218/6. 23:10 hrs IST: The equation has come down to 34 off 18 runs. 5 came off it and an all-important wicket. After 47 overs, it’s 208/6.23:06 hrs IST: WICKET! Lockie bowled a short of a length delivery and Chris Woakes tried to pull it but eventually gets a top edge. Departs for 2. 23:04 hrs IST: 200-up for England. Going forward, Ben Stokes is the key. New Zealand need a wicket here. After 46 overs, it’s 203/5. 22:55 hrs IST: WICKET! Lockie bowled a slower one and Buttler just couldn’t time it. Is there a twist in this game? Departs for 59. After 45 overs, it’s 196/5. 22:53 hrs IST: FIFTY! The duo get to 20th ODI fifty for Joss Buttler and Ben Stokes. Six runs from the over. After 44 overs, it’s 189/4. 22:46 hrs IST: Six runs from the over. After 43 overs, it’s 183/4. England starts to believe! 22:43 hrs IST: Ben Stokes and Joss Buttler are making it look easy now. The partnership between two has notched upto 91 runs. After 42 overs, it’s 177/4. 22:40 hrs IST: Three runs from the over. After 41 overs, it’s 173/4. 22:35 hrs IST: So the equation has come down to 72 off 60 balls. This looks cake walk, unless blackcaps produce an unimaginable performance. After 40 overs, it’s 170/4. 22:30 hrs IST: A boundary is coming off every over. New Zealand is desperately in need of a wicket here. They need to break this partnership if they are fancying their chances in the final. After 39 overs, it’s 162/4. 22:25 hrs IST: Seven runs from the over. After 38 overs, it’s 156/4. 86 needed off 72 balls now! 22:20 hrs IST: Some delightful shots from Jos Buttler is keeping England ahead in the 2019 World Cup Final. After 37 overs, it’s 149/4. 22:16 hrs IST: All happening at the Lord’s. Appeal. Not Out. Runs. And Couple of runs. After 36 overs, it’s 143/4.22:13 hrs IST: Four runs from the over. After 35 overs, it’s 141/4. 22:07 hrs IST: Time for DRINKS – The Last drinks break for World Cup 2019! 22:06 hrs IST: The England players have found rhythm and have been able to control things in chase. After 34 overs, it’s 137/4. 22:01 hrs IST: Three runs from the over. Santner has been able control things, however, Jos Buttler is the key for England. After 33 overs, it’s 129/4. 21:58 hrs IST: A good over for England. Boundary and three runs from the over. After 32 overs, it’s 126/4. 21:55 hrs IST: After 30 overs, Kane Williamson introduces a spinner into the attack. Four came off the over. After 31 overs, it’s 119/4. 21:50 hrs IST: Trent Boult came to bowl his second spell and gave just 4 runs away. After 30 overs, it’s 115/4. 21:46 hrs IST: What a spell this has been from Colin de Grandhomme. He has not only been able to pick all-important of Joe Root but hasn’t given anything easy to English batsmen. He finished his spell of 10 overs – giving mere 25 runs. After 29 overs, it’s 111/4. 21:42 hrs IST: Stokes crunches a drive straight down the ground for a boundary to release the shackles. England are 106/4 after 28 overs.21:37 hrs IST: MAIDEN OVER! Colin de Grandhomme continues to impress. England are 98/4 after 27 overs.21:34 hr IST: Neesham almost gets Stokes dragging it back onto the stumps. England are 98/4 after 26 overs.21:30 hrs IST: Steady over from Colin de Grandhomme and England are 93/4 after 25 overs.21:26 hrs IST: Neesham cuts Stokes in half and he survives. England are 89/4 after 24 overs.21:22 hrs IST: WICKET! Brilliant catch from Ferguson. Short and wide ball from Neesham outside off, Morgan reaches out and goes for the cut, he immediately shouts NO as he top-edges it, Ferguson runs forward and takes the catch just inches off the turf. England are 86/4 after 23.1 overs.21:19 hrs IST: Ben Stokes creams a pull to the deep midwicket fence and England are 86/3 after 23 overs.21:15 hrs IST: Ferguson overdoes the bouncer and it goes for five wides. England are 82/3 after 22 overs21:10 hrs IST: Another tight over from Colin de Grandhomme. England are 75/3 after 21 overs21:03 hrs IST: WICKET! Brilliant from Ferguson. Short ball and it climbs up on off stump, Bairstow has been lucky with the inside edges but this time he edges it back onto the stumps. England are 71/3 after 19.3 overs.21:01 hrs IST: Less than 4 runs an over but since England is chasing a below par total, they are still ahead in the game. A wicket here, and New Zealand will be in this game. After 19 overs, 66/2. 20:59 hrs IST: Three came off the over and Eoin Morgan is looking positive. After 18 overs, it’s 64/2. 20:55 hrs IST: A wicket and one run from the over. After 17 overs, it’s 60/2. 20:53 hrs IST: Time for DRINKS! 20:51 hrs IST: WICKET! Superb captaincy by Kane Williamson. He sticked with Colin de Grandhomme and he produced all-important result to send Joe Root. Another loose stroke from Joe Root. The last two balls he faced, the shots he played, it was very uncharacteristic from him. De Grandhomme bowls this full and wide outside off. It is the sucker ball. Root is sucked into the stroke. He goes after it away from the body. The ball takes the outside edge and goes into the mitts of Latham. Departs for 7. 20:47 hrs IST: 16 overs are done and dusted. England has been able to make a comeback in this high octane clash. After 16 overs, it’s 59/1. 20:43 hrs IST: New Zealand in need of a wicket here. They have been able to build pressure on the duo but havent’t been able to capitalize it with wicket. After 15 overs, it’s 56/1. 20:38 hrs IST: 50-up for England – It was an inside edge, which went between short fine leg and wicket keeper for four runs. Nine came from it. After 14 overs, it’s 51/1. 20:36 hrs IST: New Zealand team are being able to save runs in the field. Just three runs from Colin’s over and England are 42/1 after 13 overs. 20:32 hrs IST: MAIDEN OVER! The pressure seems to looming on Englishmen. Hat-trick of maidens. After 12 overs, it’s 39/1. 20:28 hrs IST: MAIDEN OVER! Back to back maiden overs. After 11 overs, it’s 39/1. 20:26 hrs IST: The first 10 overs are slightly titled in favour of New Zealand. They came with a set plan and have been able to execute it perfectly. However, with Root and Bairstow out in the middle, England will fancy their chances to chase below-par score. After 10 overs, it’s 39/1. 20:22 hrs IST: A boundary seems to coming in every Boult’s over. He is trying too much at the moment. 5 runs from it. After 9 overs, it’s 39/1. 20:20 hrs IST: Bairstow and Root are trying to build some sort of partnership in the middle. Just one run off the over and both are seeing the ball closely. After 8 overs, it’s 34/1.20:15 hrs IST: A delightful boundary from Boult’s fourth over and England see themselves at 33/1 after 7 overs! 20:10 hrs IST: Four runs and a wicket from the over. Just what blackcaps were looking for! After 6 overs, it’s 28/1.20:08 hrs IST: WICKET! As I said, there was a lateral movement of the wicket and Matt Henry got better of in-form Jason Roy. Henry bowled a good length delivery and Roy tried to punch it through the cover region but gets a slight nip and through to the keeper. Departs for 17. 20:04 hrs IST: Couple of boundaries through the cover region from Jonny Bairstow’s willow. He is getting into mood. After 5 overs, it’s 24/0. 20:01 hrs IST: Some lateral movement experienced in the fourth over but English openers haven’t lost their concentration. Kiwis desperately in need of a wicket here. After 4 overs, it’s 16/0. 19:55 hrs IST: Trent Boult is looking exceptional at Lord’s. However, he has been a bit unlucky in the initial overs. Deserved to have two in wicket tally but has zero. After 3 overs, it’s 12/0. 19:51 hrs IST: Roy presents the full face of the bat and drills it down the ground for a boundary off Matt Henry and England are 5/0 after two overs.19:49 hrs IST: Loud appeal for an LBW but not given. Boult gets this delivery to swing back in and Roy gets hit on the front pad, the verdict was umpire’s call on hitting the wickets. Since the original decision was not out, it stayed not. England are 1/0 after the first over.19:15 hrs IST: Superb over from Archer and New Zealand finish on 241/8 after 50 overs. This total was enough against India in Manchester in the semi-final. Will this be enough against a powerful England side at Lord’s? We shall find out. England need 242 to be crowned World champions.19:10 hrs IST: WICKET! Pacy full toss on off stump, Henry makes room and misses it and the off stump is pegged back. New Zealand are 240/8 after 49.3 overs.19:08 hrs IST: Matt Henry slams a boundary off Woakes and New Zealand are 238/7 after 49 overs.19:03 hrs IST: WICKET! After a horror slow bouncer that goes past the keeper for five wides, Latham bunts a slow, low dipping full toss to mid off and falls for 47. New Zealand are 232/7 after 48.3 overs18:59 hrs IST: Another fantastic over from Jofra Archer. New Zealand are 225/6 after 48 overs.18:54 hrs IST: WICKET! The leg-cutter from Woakes and de Grandhomme is totally flummoxed by the change of pace, the batsman gets a leading edge and the catch is taken at mid on by James Vince. New Zealand are 220/6 after 47 overs.18:50 hrs IST: Superb over from Archer and New Zealand are 214/5 after 46 overs.18:45 hrs IST: Latham blasts a six off Wood and New Zealand are 211/5 after 45 overs. These last five overs are key if New Zealand have to reach a score in excess of 260.18:40 hrs IST: New Zealand has crossed 200 but they are struggling to find the boundary. After 44 overs, New Zealand are 204/5.18:35 hrs IST: Mark Wood bowls the bouncer a bit too high and he gets a boundary. New Zealand are 196/5 after 43 overs.18:31 hrs IST: Another tight over from Jofra Archer and New Zealand are 186/5 after 42 overs.18:25 hrs IST: The death overs are here. New Zealand need to capitalise with Colin de Grandhomme on strike. After 41 overs, New Zealand are 181/5.18:20 hrs IST: Colin de Grandhomme gets going with a couple of braces and New Zealand are 179/5 ater 40 overs.18:16 hrs IST: WICKET! Plunkett’s sensational match continues. Full ball and once again bowled with a scrambled seam, Neesham mistimes the lofted shot and holes out to mid on. Terrible way to end as he was looking in good touch. New Zealand are 173/5 after 39 overs.18:10 hrs IST: Neesham crunches a four to long leg and Tom Latham also drives to sweeper cover as New Zealand make a move on. After 38 overs, New Zealand are 165/4.18:02 hrs IST: Another tight over from Wood and New Zealand are 153/4 after 36 overs.17:58 hrs IST: After 15 overs, New Zealand finally hit a boundary and it is thanks to James Neesham. He flicks Stokes to deep midwicket and thumps a pull shot to widish long on. New Zealand are 152/4 after 35 overs.17:52 hrs IST: Replays in and the ball was going over the stumps. It was so crucial for Guptill to not waste the review. But, you create your own luck. Wood bowls a MAIDEN OVER and New Zealand are 141/4 after 34 overs.17:50 hrs IST: WICKET! Mark Wood strikes on his comeback. Good length ball and it nips back in sharply, Taylor plays all around the delivery and it traps him in front. No reviews left and New Zealand are 141/4 after 33.1 overs.17:47 hrs IST: Latham and Taylor are making cautious progress. After 33 overs, New Zealand are 141/3.17:43 hrs IST: Only four runs in the eighth over bowled by Adil Rashid. After 32 overs, New Zealand are 134/3.17:36 hrs IST: Ben Stokes, born in New Zealand, is into the attack and after 31 overs, New Zealand are 130/3.17:32 hrs IST: Adil Rashid is bowling well and after 30 overs, New Zealand are 126/3.17:29 hrs IST: Plunkett is bowling brilliantly as Tom Latham just survives. After 29 overs, New Zealand are 123/3.17:25 hrs IST: New Zealand will have to find a way to recover. After 28 overs, New Zealand are 122/3.17:19 hrs IST: WICKET! Brilliant stuff from Plunkett. Full ball angled across with a scrambled seam outside off and Nicholls plays away from the body, gets an inside edge that clatters into the leg bail. Nicholls falls for 55 and New Zealand are 118/3 after 26.5 overs.17:12 hrs IST: Henry Nicholls slams his ninth fifty. Coming in a final, this is a vital contribution. New Zealand are 110/2 after 25.1 overs.17:09 hrs IST: Ross Taylor and Henry Nicholls are the key now and New Zealand are 108/2 after 24 overs.17:04 hrs IST: Brilliant over from Plunkett and New Zealand are 103/2 after 23 overs.17:01 hrs IST: WICKET! Eoin Morgan immediately asked for the review. This is a massive wicket. Full ball bowled with a scrambled seam outside off, Williamson has a feel for it and there is a faint edge. RTS shows a spike and Williamson falls for 30. New Zealand are 103/2 after 22.4 overs.16:57 hrs IST: Nicholls is nearing a fifty while Williamson is looking in great touch. New Zealand are 102/1 after 22 overs.16:53 hrs IST: England are putting in some superb fielding with Jonny Bairstow and Adil Rashid fielding brilliantly. New Zealand are 98/1 after 21 overs.16:48 hrs IST: Williamson signals his intent by lofting Adil Rashid over wide long on for a boundary. New Zealand are 91/1 after 20 overs.16:45 hrs IST: Nicholls steers a short ball from Wood to the third man fence and the fifty-run stand is up. New Zealand are 84/1 after 19 overs.16:40 hrs IST: The partnershp between Nicholls and Williamson is nearing fifty. After 18 overs, New Zealand are 77/1.16:34 hrs IST: Nicholls blasts a four off Plunkett to deep backward square leg and he continues his good form. After 16 overs, New Zealand are 68/1.16:27 hrs IST: Williamson glances Mark Wood to the fine leg fence as New Zealand continue their revival. After the drinks break, New Zealand are 63/1 after 15 overs.16:20 hrs IST: Plunkett is struggling with his line and length while Woakes has figures of 7-0-19-1. New Zealand are 55/1 after 14 overs.16:12 hrs IST: Liam Plunkett is into the attack but he struggles with his line and length. New Zealand 46/1 after 12 overs16:06 hrs IST: Henry Nicholls breaks the shackles with a superb cover drive to the deep extra cover fence. Woakes is still getting some swing but New Zealand have reached 40/1 after 11 overs.16:00 hrs IST: WORLD RECORD ALERT! Kane Williamson finally gets off the mark and he becomes the leading run-getter in one edition as skipper, going past Mahela Jayawardene’s mark of 548 runs set in 2007 World Cup. After 10 overs, New Zealand are 33/115:57 hrs IST: New Zealand are finding it difficult to make progress. After nine overs, New Zealand are 31/1.15:53 hrs IST: England are tightening the screws here. After eight overs, New Zealand are 30/1.15:49 hrs IST: Superb over from Woakes. Brilliant line and length and he is getting some swing and bounce off the deck. Remember, he is bowling from the end where the slope is prominent. After seven overs, New Zealand are 29/1.15:45 hrs IST: WICKET! Woakes finally breaks through and it is a peach of a delivery. Full ball and it nips back in, Guptill plays inside the line and the ball hits the back leg. At the last minute, he decides to review but the ball is pitching in line and is hitting middle stump. Guptill’s sorry World Cup ends. Out for 19. New Zealand are 29/1 after 6.2 overs.15:41 hrs IST: Jofra Archer bounces back after a tough over. After six overs, New Zealand are 28/0.15:37 hrs IST: Woakes keeps it full and in the right channels as Nicholls and Guptill survive yet another over. After five overs, New Zealand are 24/0.15:33 hrs IST: SIX, FOUR! Brilliant from Guptill. Is this going to be his day? Short ball from Archer and he upper-cuts it over third man for a six and then blasts a full ball past Archer for a boundary to long off. After four overs, New Zealand are 22/0.15:27 hrs IST: Appeal for an LBW against Henry Nicholls and umpire Kumar Dharmasena raises the finger. Full ball and it nips back in down the slope on middle, Nicholls plays inside the line and gets hit on the back pad, New Zealand review but the ball is missing the stumps. After three overs, New Zealand are 10/0.15:24 hrs IST: There is an appeal for a catch from Jofra Archer off Martin Guptill but umpire Marais Erasmus is unmoved. England do not even review. There was no bat involved and it hit him high on the thigh pad. After two overs, New Zealand are 8/0.15:19 hrs IST: The first over of the ICC Cricket World Cup 2019 final is done. Martin Guptill chases a very wide delivery but misses it but gets going with a boundary past backward point. After the first over, New Zealand are 5/0.15:14 hrs IST: Can England become the third team to chase a total and win the World Cup? Or Will New Zealand continue the dominant trend in the final which was broken in 2011?15:12 hrs IST: The national anthems are done. It is finally time. The final is about to commence. Hang on, folks. This will be a tense first hour.15:05 hrs IST: In 2015, #BacktheBlackcaps was the major trend in the final against Australia. In 2019, at Lord’s, this is once again the top trend. Here is a video message from the All Blacks for the Blackcaps.15:01 hrs IST: Ahead of the final, here is how the All Blacks are cheering the BLACKCAPS in their quest for World Cup glory. The weight of the nation is on both Eoin Morgan and Kane Williamson as they aim to secure glory.14:57 hrs IST: Both teams have major sources of inspiration in order to win their first cricket title. New Zealand, in particular, need not go any further than the all-conquering All Blacks Rugby team, who have dominated the sport unlike any. For England, they can draw inspiration from their women’s cricket team when they won the 2017 World Cup by defeating India at Lord’s.14:51 hrs IST: Here are the playing XIs of both the sides in this finalEngland (Playing XI): Jason Roy, Jonny Bairstow, Joe Root, Eoin Morgan(c), Ben Stokes, Jos Buttler(w), Chris Woakes, Liam Plunkett, Jofra Archer, Adil Rashid, Mark WoodNew Zealand (Playing XI): Martin Guptill, Henry Nicholls, Kane Williamson(c), Ross Taylor, James Neesham, Tom Latham(w), Colin de Grandhomme, Mitchell Santner, Matt Henry, Trent Boult, Lockie Ferguson14:49 hrs IST: England are also fielding an unchanged side. Eoin Morgan said the transformation has been brilliant of the team ever since they were dumped out in the first round in Adelaide after losing to Bangladesh.14:47 hrs IST: New Zealand opt to bat against England in the final of the ICC Cricket World Cup 2019. They are unchanged with Kane Williamson saying that it is a bat first wicket. He says inexperience is the major factor which resulted in their 2015 final loss.14:27 hrs IST: The pitch is green at Lord’s. It had rained in the morning but now the sun is out. The toss has been delayed and it will take place at 14:45 hrs IST. Match to start at 15:15 hrs IST14:23 hrs IST: In all matches played at Lord’s in the ICC Cricket World Cup 2019, teams that have batted first have won the match. In World Cup finals though from 1975, West Indies won both their titles batting first and so did India in 1983. Australia was the only nation that bucked the trend in 1999 when they chased successfully against Pakistan.14:20 hrs IST: For all of you asking what the weather is like at Lord’s, it is sunny at the moment. For once, let us hope rain does not play spoilsport.14:17 hrs IST: For England, the 2019 Lord’s final gives them a chance to exorcise the ghosts of 1979, 1987, 1992, 2013 Champions Trophy and 2016 World T20 final losses. For New Zealand, the pain of their losses in the 2009 Champions Trophy and 2015 World Cup final can all be erased in one instance.14:11 hrs IST: Nice guys finish last! Well, Kane Williamson will be hoping to prove this adage wrong and ensure New Zealand finish at the summit.14:05 hrs IST: 1975 – West Indies. 1979 – West Indies. 1983 – India. 1999 – Australia. In all these World Cups, we saw the teams create glory at Lord’s. 1975 and 1983 saw new teams emerge champions which changed their cricketing landscape. Which among England and New Zealand will lift the trophy and ensure cricket remains the flavour of the nation for the next couple of years?14:02 hrs IST: A warm welcome to the final of the ICC Cricket World Cup 2019. After 47 league games, countless rain interruptions, plenty of drama and emotion, we have now come down to the last two teams. In 2019, there will be a new world champion. Will it be England, will it be New Zealand? We are all set to find out in the next eight hours as the World Cup draws to a close. For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.last_img read more

Paul Le Guen is New Eagles’ Technical Adviser

first_imgDuro IkhazuagbeAs reported by THISDAY monday, the Nigeria Football Federation (NFF) has announced the appointment of Frenchman Paul Le Guen, 52, as the new Technical Adviser of the Super Eagles.The new Eagles’ boss Le Guen who steered the Indomitable Lions of Cameroun to the 2010 FIFA World Cup finals in South Africa is to be assisted by Nigerian Salisu Yusuf, who takes the role of Chief Coach. Both appointments are subject to agreement of contract terms with the NFF Executive Committee. Le Guen is believed to be on a $40,000 per month pay while his assistant is expected to be on N1.5million monthly.Le Guen played for Brest, Nantes and Paris Saint Germain and won 17 caps for France, before coaching Rennes, Lyon, PSG (in France) and Glasgow Rangers (in Scotland). He also coached Oman.Yusuf, a former Ranch Bees star player was capped at Under-20 level by Nigeria. He is a former coach of both Kano Pillars and Enyimba of Aba.After Sunday Oliseh quit the Eagles job and Samson Siasia held forth for two games in the qualifiers for the AFCON 2017, Yusuf stepped in as an interim coach for two international friendly matches in Europe at the end of May, which Eagles won.Spokesman of the Committee, Paul Bassey, said after the meeting at the NFF secretariat yesterday that Enugu Rangers gaffer Imama Amapakabo and former Super Eagles’ goalkeeper and skipper Alloy Agu, who served as assistant coach and goalkeeper trainer for the games against Mali and Luxembourg in May, retained their places in the technical crew.The new crew’s immediate challenge is a 2017 Africa Cup of Nations qualifier against Tanzania in the first week of September – a dead rubber, but which would serve as ample preparation for the 2018 FIFA World Cup qualifying match away to Zambia on October 3.The committee has also recommended to the NFF Board, the appointment of one-time Super Eagles’ assistant coach, Bitrus Bewarang as the new NFF Technical Director.Bewarang, who is president of the Nigeria Football Coaches Association, will replace the late Coach Shaibu Amodu.There is also a recommendation that former Super Eagles’ defender Nduka Ugbade be restored to the Under-17 national team as assistant to Coach Manu Garba.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Osho Upbeat as Kano Pillars Storm Sagamu

first_imgGaining the massive points against Pillars will boost their confidence to expect plenty of success in the ongoing Nigeria Professional Football League (NPFL).This meeting will be the first between both sides in any competition of any kind and a win for either side will be seen as a record.Chinedu Udoji has been massive in Kano Pillars colour since joining from Enyimba FC, his efforts yielded profits after scoring his debut goal for Sai Masu Gida against Katsina United with Rabiu Alli’s free kick.Victor Mbaoma and Oche Salefu have also been very impressive for Fatai Osho’s side after both players have scored six from eight goals scored in total for the team.Meanwhile, the Technical Adviser of Remo Stars Football Club, Fatai Osho, has indicated that the draw against Shooting Stars of Ibadan will motivate his side going into the home match against Kano Pillars.Osho told the team’s website yesterday that the game will help instill confidence into his wards.“The draw at Ibadan is a good motivating factor, it helped our confidence and will make it known to our players that we can actually do it, we are playing Kano Pillars at the right time.”“We need to start getting points now, if we can get a point on the road then it means we should be more comfortable but a lot of hard will be done because beating Pillars won’t be a child’s play.”“We will create a level playing field where a player who is ready to play will be greatly encouraged and don’t be surprised seeing some new faces against the Sai Masu Gida boys on Wednesday.” Osho disclosed.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The Sky Blue Stars welcome Kano Pillars to the Gateway International Stadium, Sagamu this afternoon in one of the Match-day 11 of the Nigeria Professional Football League (NPFL).Remo Stars had a wonderful performance over the weekend, picking up a vital point on the road after a 1-1 draw against fellow southwest side, Shooting Stars of Ibadan.The hosts currently sit in the 20th spot on the NPFL log with eight points from nine games while the Sai Masu Gida boys on the other hand occupy the seventh position on the table with 13 points from eight league matches.last_img read more