“A little weird,” … SAN FRANCISCO–If you had to do a double take, you weren’t the only one.The Giants hadn’t formed lines to slap hands in the middle of the diamond following a victory since the end of August.They hadn’t embraced a starting pitcher who finished off of a shutout win all year.But after right-hander Chris Stratton yielded just two hits in nine brilliant innings, the Giants enjoyed a rare celebration in honor of a 2-0 win over the first-place Colorado Rockies.
17 August 2015Discussions are under way between market participants in South Africa, Nigeria and Kenya to launch the cross listing of exchange traded funds (ETFs), which will lead to improved liquidity on Africa’s exchanges.ETF issuers are working to cross list new and existing ETFs on other exchanges, while the exchanges themselves are putting in place the right frameworks to enable this.ETFs are a collection of equities, commodities or bonds bundled together in a fund to ensure that investor risks are evenly spread across this range of securities. They are only written off specific index-related securities that are listed on a stock exchange, which makes it possible to invest in a diverse range of securities through a single exchange traded product.The concept of cross listing an ETF is the same as cross listing a share, or listing it on more than one exchange. It provides domestic investors with access to opportunities from another market, in the convenient and cost effective form of an ETF.By cross listing ETFs on African exchanges, investors will be given access to liquid company shares tracked by indices such as the FTSE/JSE Top 40, the FTSE/NSE Kenya 15 Index, and the MSCI/Nigeria.Fastest growing asset class“ETFs are one of the fastest growing asset-class categories in the world. By collaborating with Africa’s largest stock exchanges, we hope to spearhead this trend in Africa,” explains Donna Oosthuyse, the director for capital markets at the JSE.The cross listing of ETFs will fulfil two main functions: investors will have exposure to a diverse range of top-performing South Africa, Nigerian and Kenyan companies in a convenient and cost-effective way; and the cross-listings of ETFs will improve the liquidity of Africa’s largest stock exchanges.Oosthuyse says that the advantages for companies included in the ETF indices, and for the exchanges from whence they come, are that ETFs need to be “fully covered”.“This means that the asset manager that is managing the ETF portfolio has to buy and sell the underlying shares on the home exchange, depending on the activity of buying and selling of the ETF.”Home market liquidityIf an ETF from Kenya or Nigeria, for instance, is listed on the JSE, she adds, then the asset manager in Kenya or Nigeria has to buy and sell the constituent shares on the home market, as units in the ETF are bought and sold. This drives liquidity in the home market.“In addition to this, it provides extra visibility on the shares on that exchange to new investors who in all likelihood don’t yet trade on that market.”Haruna Jalo-Waziri, the executive director of business development at the Nigerian Stock Exchange, says: “This collaboration underscores our commitment to providing investors with a wide range of investment products to help them realise their financial goals. ETFs are becoming attractive to many investors offering them portfolio diversification and reduced cost of investing.“We are proud once again to be collaborating with reputable exchanges in Africa to bring this new and exciting investment opportunity to bolster trade across multiple markets.”Building African Financial Markets SeminarMeanwhile, as part of an on-going effort to deepen and promote liquidity, choice of products and investor interest across African markets, the JSE and the African Securities Exchanges Association (ASEA), supported by the World Bank Group, will be hosting the third Building African Financial Markets Seminar from 16 to 18 September.The conference will gather key representatives from stock exchanges, regulatory bodies, stockbroking firms and other market participants from several African countries. Ideas on how to grow Africa’s capital markets will be discussed.Source: APO
Buffalo Bills running back LeSean McCoy talks to reporters after an NFL football game against the Denver Broncos, in Orchard Park, N.Y. (AP Photo/Adrian Kraus, File)Buffalo Bills running back LeSean McCoy says an allegation posted on social media accusing him of bloodying his former girlfriend’s face during a home invasion is baseless and false.A now-deleted Instagram post-Tuesday from a person who says she is friends with the woman, showed a graphic photo of the former girlfriend Delicia Cordon and accuses McCoy of physically abusing her, his son and his dog, as well as injecting steroids.McCoy says in his own post on Instagram that it has been months since he’s had any direct contact with his ex-girlfriend or the person who posted the accusations.The woman who posted the accusations and the ex-girlfriend has not responded to messages left by The Associated Press. The AP generally does not identify people who may have been victims of abuse.The Bills issued a statement saying they have been in contact with McCoy and the NFL and will continue gathering information. NFL spokesman Brian McCarthy says the league is reviewing the matter.McCoy has never been suspended by the NFL for violating the league’s policy against performance-enhancing substances during his nine-year career.McCoy turns 30 on Thursday and preparing to enter his fourth season with the Bills. He spent his first six seasons with the Philadelphia Eagles, where he led the NFL in yards rushing in 2013 before being traded to Buffalo in 2015.Police have not made any arrests in the case.
Spartak Moscow have announced Massimo Carrera’s dismissal on Monday following their poor start to the seasonThe former Juventus defender was appointed as the new manager of Spartak in August 2016 and won the Russian Premier League in his first season in charge.However, Carrera struggled to build on from that point onwards with Spartak finishing third in the league table the following campaign.Spartak then lost out to PAOK in the third round of Champions League qualifying for this year and lie in seventh place in the Premier League standings.“Last season’s results were considered unsatisfactory — not a single one of the targets were achieved,” read a statement on the club website.“The results and play of the team this season have shown there is no tendency toward improvement.”Joao Mario is delighted to have joined Lokomotiv Moscow Manuel R. Medina – August 27, 2019 Joao Mario has left Italian Lega Serie A side Internazionale Milan to join Lokomotiv Moscow in the Russian Premier League.Carrera won 49 of his 89 games in charge of Spartak, who also announced that Raul Riancho will take over from his duties as head coach.⚡️⚡️⚡️ Массимо Каррера покидает #СпартакСовет директоров @fcsm_official принял решение освободить Массимо Карреру от занимаемой должности.Исполняющим обязанности главного тренера назначен Рауль Рианчо. pic.twitter.com/JShQUwbE6d— FC Spartak Moscow (@fcsm_official) October 22, 2018
Manchester City boss Pep Guardiola was full of praise for his side following their 3-0 victory over Shakhtar Donetsk in the Champions LeagueThe Citizens swept aside their Ukrainian opponents through goals from David Silva, Aymeric Laporte and Bernardo Silva at the Metalist Stadium.In what could have been a tricky game, City completely dominated proceedings and sit top of Group F with six points from three games.“First half we were outstanding,” said Guardiola on the club website. “We made a very good performance. We controlled it.“Second half, they push a lot with five, six players in front. It was complicated but every time we regained the ball and ran, we made a good chance on the counter-attack.“It’s an amazing result. We have recovered [from defeat to Lyon] with the result in Germany and here.“It’s in our hands. Win our games at home and we will be in the next stage.”City managed a total of 24 shots in the game and were unfortunate to not have scored more goals after Silva hit the woodwork twice and Raheem Sterling’s shot also hit the bar in injury time.“We are together three seasons, we know each other better,” Guardiola said.“We work a lot and know what we can do better. It’s normal.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…“Three years together, we are better than the first year.”The Catalan coach is aware that City’s Champions League fate is now in their hands and added that finishing in first place in Group F is the target.“If we can beat Shakhtar next game, they cannot get it [qualification],” he said.“We want to finish first in the group.“After the defeat to Lyon, we were under pressure. Today we played really good. We were able to win here. Today we played very well.”FULL-TIME | How great was that, hey?First English team to win at Shakhtar? City, that… 👏🔶 0-3 💙 #fcsdvcity #mancity pic.twitter.com/QWsyKThrTE— Manchester City (@ManCity) October 23, 2018