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Unpredictable Pak stun England

first_imgLondon: Pakistan overcame hundreds from two fantastic English players — Joe Root and Jos Buttler — to defeat England by 14 runs at Trent Bridge for their first points of World Cup 2019 on Monday. Pakistan had lost their opening match to West Indies in three-and-a-half hours and were brutally criticised by the likes of Rameez Raja and Shoaib Akhtar. Three days later, on a redemption mission, it was a different Pakistan on the park. They made mistakes — dropped catches and the sloppy fielding left coach Mickey Arthur restless in the dressing room — but a spectacular closing spell from Wahab Riaz meant Arthur had a wide smile on his face. Also Read – We don’t ask for kind of tracks we get: Bowling coach ArunPakistan did not win any of their last 12 ODIs and many wondered if they had forgotten to win. In the end, it looked like Pakistan somehow remembered. Chasing 349, England were in trouble after Shadab Khan claimed Jason Roy’s wicket in the third over of the innings. Jonny Bairstow looked good for his 32 before he was done in by Wahab Riaz’s pace. Then fell skipper Eoin Morgan and Ben Stokes. On Monday, England were tasked with chasing the highest ever target in World Cup history. They were reeling at 118 for 4 off 21.2 overs. And then Jos Buttler joined Joe Root. England had the better of Pakistan four times in a recent high-scoring ODI series and were confident. However, there were surprises in store. Also Read – Bastian Schweinsteiger announces retirement, could join Germany set-upButtler and Root played spoilsport. Root hit the first 100 of this season’s World Cup and shared a 130-run stand off 17.3 overs. When Root fell to Shadab Khan in the 39th over, England were still in the game because Buttler was playing like there was no tomorrow. Jos Buttler smashed the fastest 100 by an England batsman. In superb hitting form, Buttler raced away to his 9th 100 off 75 balls. The asking rate was still pretty stiff and his dismissal to Mohammad Amir opened the doors for Pakistan to press for victory. Pakistan looked a different side from the one that surrendered to West Indies in their opening game in the 2019 World Cup as their batsmen put up a clinical performance on Monday to help the team post 348/8 against hosts England at Trent Bridge. Mohammad Hafeez was the top scorer with a 62-ball 84 as Babar Azam (63 off 66) and captain Sarfraz Ahmed (55 of 44) also scored half centuries. England will need to pull off the highest successful run chase in World Cup history if they are to win this game. The Pakistan batsmen were bounced out by the West Indies pacers for a meagre 105 in less than 22 overs in their first match on Friday. In stark contrast, it took spinner Moeen Ali to provide the first breakthrough for England after openers Fakhar Zaman (36 off 40) and Imam-Ul-Haq (44 off 58) helped Pakistan stamp their authority early on. Fakhar and Imam put up an opening stand of 82 runs before Moeen drew the former out of his crease in the 15th over with a delivery that drifted in from around the wicket. The turn took the ball past the batsman and wicketkeeper Jos Buttler took the bails off in a flash. Moeen would go on to dismiss Imam six overs later, thanks to a brilliant catch by Chris Woakes who had to run about 20 yards and dive to his left to complete it at the long off boundary. However, Babar Azam and Mohammad Hafeez plundered 88 runs in the next 12 overs before the former became the third man to fall to Moeen. Hafeez then found company in captain Safraz Ahmed as the pair put on 80 runs for the fourth wicket. While there were no significant partnerships after that, the combined effort of Asif Ali (14), Hasan Ali (10) and Shadab Khan’s (10) innings meant that Pakistan finished their essay just two short of the magical 350-run mark.last_img read more

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Toronto stock market turns to close negative on mixed earnings weak data

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email TORONTO – The Toronto Stock Exchange moved back from earlier gains to close lower Tuesday as traders weighed the impact of mixed North American corporate earnings and weak consumer data.The TSX/S&P composite index lost 8.85 points to 11,980.1, as investor concerns about the European debt crisis extended into another session. The junior TSX Venture Exchange shed 5.26 points to 1,365.77.Investors are focused on the “push and pull” between earnings that are mostly beating analysts’ expectations and a messy macroeconomic situation, said John Stephenson, a portfolio manager at First Asset Investment Management.While earnings may overshadow the wider drama for a time, the positive impact they could have on stocks is likely fleeting, Stephenson added.The June crude oil contract added 44 cents to US$103.55 a barrel, while gold prices ran ahead $11.20 to US$1,643.80 an ounce. Copper prices bounced five cents higher to US$3.67 a pound.The Canadian dollar rose 0.30 of a cent to 101.21 cents US even as traders took in data showing weaker than expected February retail sales and declining consumer confidence.On Wall Street, the Dow Jones industrial index was up 74.39 points to 13,001.56, the Nasdaq index dropped 8.85 points to 2,961.6 and the broader S&P rose 5.03 points to 1,371.97.Stephenson said corporate earnings so far have been pretty good.“We’ve had a pretty good beat rate thus far, at least in the U.S., and I wouldn’t expect Canada to be too far off the U.S.,” Stephenson said.But at the same time, he added, analysts have been knocking down expectations as they take in a slowing macroeconomic growth environment.“With that backdrop, it’s hard to see very strong earnings, so I don’t think there will be much of a lift to stocks through the week, even in spite of what I think will be a pretty good earnings season.”However, economic data rolling in from consumer sectors in North America on Tuesday was not encouraging.Statistics Canada said retail sales slipped 0.2 per cent to $38.9 billion in February, while, the Conference Board of Canada said its consumer confidence index slipped 4.5 percentage points to stand at 75 in April after three months of increases.A similar report from the U.S. Conference Board found its consumer confidence index fell to 69.2 in April, down slightly from a revised 69.5 in March.U.S. data also showed home prices dropped in February in most major U.S. cities for a sixth straight month, a sign that modest sales gains haven’t been enough to boost prices.As consumer spending makes up a majority of both the U.S. and Canadian economies, the weaker data is a major weight on trader sentiment, Stephenson said.“This is one of the big worries, how do you keep the consumer in the game … without the consumer, how do you appreciably grow beyond two per cent?” he said.“It’s definitely a headwind and will be a worry.”In Canadian corporate news, pulp producer Fibrek (TSX:FBK) said it isn’t giving in to a hostile takeover bid by Resolute Forest Products, which still hasn’t secured a majority of its shares.The company, formerly known as AbitibiBowater (TSX:ABH), said Tuesday it holds about 48.8 per cent of Fibrek shares after adding 2.66 million as of Monday. Shares in Fibrek were unchanged at 95 cents, while Resolute shares rose a penny to $12.90.Shares in Teck Resources (TSX:TCK.B) were up 52 cents at $35.85 as it reported a profit of $218 million, or 37 cents per share. After excluding the impact of debt refinancing and other items, the company earned $504 million or 86 cents per share.Celestica (TSX:CLS) shares were up 49 cents at $8.77 after it reported first-quarter profit of $43.2 million or 20 cents per share, up from $30 million or 14 cents per share a year ago.Shares in Canadian National Railway (TSX:CNR) added $1.85 to $81.24 after it boosted its earnings guidance for the year Monday after beating analyst forecasts with first-quarter profits that surged 16 per cent to $775 million or $1.75 per share.Meanwhile, rival railway Canadian Pacific (TSX:CP) saw shares rise $1.57 to $75.78 a day after it boosted its dividend to 35 cents from 30 cents amid a fight with its largest shareholder, Pershing Square Capital Management, which is seeking to replace the railway’s chief executive.After the close of markets, Apple said it earned $11.6 billion, or $12.30 per share, in its latest quarter, nearly double the $6 billion, or $6.40 per share, it earned a year ago. Analysts polled by FactSet were expecting earnings of $10.07 per share for the quarter.Meanwhile, Rogers Communications reported a profit of $305 million or 57 cents per diluted share in its latest quarter, down from $335 million or 60 cents per share a year ago. Adjusted for one-time items, Rogers said it earned $356 million in the quarter, down from $423 million in the same quarter last year.Note to readers: This is a corrected story. An earlier version misstated Teck’s revenue. Toronto stock market turns to close negative on mixed earnings, weak data by Sunny Freeman, The Canadian Press Posted Apr 24, 2012 5:27 pm MDT read more