Delighted Tsonga wins World Tennis title

first_imgROTTERDAM, Netherlands (AP): Jo-Wilfried Tsonga clinched his 13th career title yesterday, rallying from a set down to beat David Goffin of Belgium 4-6, 6-4, 6-1 in the final of the World Tennis Tournament. The sixth-seeded Frenchman hit 10 aces and, although he dropped his serve twice, he broke the third-seeded Goffin’s serve four times. Tsonga, ranked 14, lost the final here in Rotterdam six years ago. His previous title also came on indoor hard courts in Metz, France, two years ago. “I’m really happy. The last couple of months, I put in a lot of effort to come back to this level,” Tsonga said. “It’s a huge reward for me and it gives me new expectations for the rest of the year.” The powerful Tsonga changed his approach to play more to his strengths and dictate points more. “I changed my serve and worked a lot on my backhand and my returns. I also changed my strings. There were many things to improve my game,” he said. “In the second set, I showed a different mentality on court. I was more aggressive and it made the difference.” He improved to 4-2 overall in career meetings against the 11th-ranked Goffin, who won both of his career titles in 2014. The 31-year-old Tsonga reached the milestone of 400 career wins this week, and victory in the final was his 401st. Goffin, meanwhile, will become the first Belgian man to break into the top 10 when the rankings are published on Monday. “I was a bit tired. I started the final really well, but in the end Jo played better than me,” the 26-year-old Goffin said. “Of course I’m disappointed, but I played some good tennis.”last_img read more

Huge surprise bolsters bears

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Today was a huge surprise with corn and soybean yields higher, not lower. The market is not taking out post report lows in the minutes following the noon release. It could indicate end users are stepping in to cover needs.USDA put the U.S. corn production at 14.184 billion bushels with a yield of 169.9 bushels per acre. Ending stocks were pegged at 2.335 billion bushels. Last month corn ending stocks were 2.27 billion bushels. USDA put the U.S. soybean production at 4.43 billion bushels with a yield of 49.9 bushels per acre. Soybean ending stocks were estimated at 475 million bushels. Last month soybean ending stocks were 475 million bushels. Ending soybean stocks were unchanged due to higher crush and higher exports.As the noon hour approached, corn was down 5 cents, soybeans were down 2 cents, with wheat unchanged. Shortly after the report, corn was down 8 cents, soybeans were 13 cents, with wheat down 3 centsGoing into the USDA report today, the average trade estimate for corn production was 14.03 billion bushels with a yield of 168.2 while ending stocks were estimated at 2.17 billion bushels. Last month USDA in a bearish report had U.S. corn production at 14.15 billion bushels and a yield of 169.5 bushels per acre. The average trade estimate for soybean production this month was 4.32 billion bushels and a yield of 48.8. Soybean production in August was 4.38 billion bushels and a yield of 49.4.World ending stocks of wheat did decrease in spite of increased production in Russia. Russia has been in the headlines in recent days due to reports of reducing rail rates to move grain from the interior to export locations. There is uncertainty if the rate reductions are for just wheat or all grains.World ending stocks of corn and soybeans did increase. World ending stocks of wheat were down ever so slightly.Both corn and soybeans had double digit losses with the Aug. 10 report. Corn was down 15 cents while soybeans were down 33 cents on report day. For the September report, if you expected USDA corn yields to be reduced at least 2 bushels per acre and the soybean yield at least 1 bushel per acre, you are likely going to be disappointed with the report today. The October report will have lots of actual harvest data to help determine corn and soybean yields. This report will not have the luxury of very much harvest data to determine production and yields.While it is not a headline banner that grabs attention from all or even many, watch corn used for ethanol with old crop corn to increase from the August report. Last month USDA put corn used for ethanol at 5.45 billion bushels. The weekly ethanol report for much of July and August had extremely strong corn usage. Any increased usage will decrease old corn ending stocks and flow into the new crop table with a smaller beginning stocks number. In recent months USDA has now included sorghum used for ethanol in this weekly report. From September 2016 to July 2017 roughly 107 million bushels of sorghum was used in ethanol production.Ohio should see several days of rain this week as the leftovers from Hurricane Irma pass through. For the dry areas of Ohio, Indiana, and Illinois, it will be too little too late for many producers to do any good for soybeans or corn. December CBOT corn has traded in a range of $3.52-$3.62 this month. November CBOT soybeans had a range in September before the USDA report today of $9.52-$9.77. Look for the report today to break corn and soybeans out of that tight trading range.Corn ratings with last night’s weekly crop progress report were unchanged at 61% good and excellent. Nine states, including Ohio, saw improvement while six states had corn rating declines. The U.S. soybean crop was rated at 60% good and excellent, compared to 61% last week. Ohio was unchanged at 56% good and excellent.Weather in South America is currently the tale of two extremes. Brazil is too dry while Argentina is to wet. The dry weather in Brazil will likely only improve the chances of seeing more winter corn planted there next May-June as producers skip the opportunity to plant corn early in the growing season.Actual combine reports in coming days and weeks will be the order of the day now that the monthly USDA report is behind us. Producers and traders alike will be most anxious to see harvest reports as many continue to think USDA was too high on their corn and soybean yield estimates detailed in August.Higher corn and soybean yields will leave many scratching their heads today.last_img read more

Cess poorly utilised for welfare schemes in Odisha: CAG report

first_imgThe Comptroller and Auditor General of India has detected poor utilisation of cess collected for the welfare of construction workers in Odisha.The State finances audit report of CAG tabled in the State Assembly on Thursday says the Building and Other Construction Workers Welfare Cess Act, 1996, and the BOCW (Regulation of Employment and Conditions of Service) Act, 1996, were enacted to improve the working conditions of workers and to provide financial aid to them.The laws were aimed at augmenting resources for workers through levy and collection of cess on the cost of construction.Though the collection of labour cess increased by ₹71.23 crore from ₹168.90 crore in 2013-14 to ₹240.13 crore in 2017-18, the percentage of utilisation of fund ranged from 1.33 in 2013-14 to 27.77 in 2017-18. “Due to poor utilisation of the funds, the objective of collection of labour cess was not being achieved,” the CAG report points out.Similarly, the CAG has also picked holes in the State’s potato mission. In order to make the State self-sufficient in potatoes by the year 2017-18, the government had launched State Potato Mission during 2015-16 for its production, storage and distribution in the State.It was implemented to provide incentive to the farmers for undertaking large scale cultivation of potatoes in cluster, give incentive for production of seed potatoes in the farmer’s field and to provide support for setting up of adequate number of cold storages in the State.The CAG, however, said the percentage of utilisation of funds against budget provision ranged from zero to 4.33 during 2016-17 and 2017-18.‘Targets not met’ “Against target of establishing 55 cold storages, the department could establish only 23 resulting in a shortfall of 58.18% during the last three years. Due to inadequate utilisation of funds and non-achievement of physical target set under the State Potato Mission, the intended benefits could not be achieved,” the apex audit agency says.last_img read more

Hype Williams VH1 To Honor HipHop Video Director

first_img Twitter Facebook Hype Williams: VH1 To Honor Hip-Hop Video Director News VH1 To Honor Video Director Hype Williams hype-williams-vh1-honor-hip-hop-video-director Email GRAMMY nominee to be honored for his lasting contributions to hip-hop at 2017 VH1 Hip-Hop HonorsTim McPhateGRAMMYs Sep 12, 2017 – 3:11 pm He’s worked on classic videos for Busta Rhymes, Missy Elliott and Kanye West that have been MTV “TRL” favorites and gotten millions of views on YouTube. Hype Williams is now set to receive some much-deserved recognition.The GRAMMY-nominated video director will be among the honorees at the 2017 VH1 Hip Hop Honors, a ceremony celebrating the genre’s lasting impact on pop culture.With a unique video style that incorporated a fisheye lens that distorted the camera view around the central focus, Williams’ music video credits read like a greatest hits compilation. His video résumé includes visual stunners such as Busta Rhymes’ “Woo Hah!! Got You All In Check,” Will Smith’s “Gettin’ Jiggy Wit It,” TLC’s “No Scrubs,” West’s “Gold Digger,” “Heartless” and “All Of The Lights,” and Missy Elliott’s instantly recognizable “The Rain (Supa Dupa Fly).”At the 43rd GRAMMY Awards, Williams received a nomination for Best Short Form Music Video for Rhymes’ “Fire.”The 2017 VH1 Hip Hop Honors, which will also honor Mariah Carey and Martin Lawrence, among others, will air Sept. 18 at 9 p.m. ET/6 p.m. PT on VH1.Read morelast_img read more

Bharti Airtel Q2 net profit fall 64 at Rs 58610 cr as

first_imgBharti Airtel’s voice and data offerings suffered from the aggressive price war triggered by the Reliance Jio’s free services.ReutersThe country’s largest telecom operator, Bharti Airtel, on Tuesday reported a 63 percent fall in net profit for the September quarter on year-on-year (YoY) basis.The company net profit declined to Rs 586.1 crore from Rs 1,615.10 crore profit in the corresponding quarter last year. On sequential basis, profit fell 5.11 percent sequentially, the company said in an exchange filing.The company’s weak result is primarily because of intense competition led by Reliance Jio Infocomm and low tariffs war which is continuing in the sector.”The financial stress in the industry continues due to double digit revenue decline and will be further accentuated by the reduction in IUC rates in the next quarter. This will eventually force operator consolidation and exits as we have witnessed in the recent past,” said Gopal Vittal, MD and CEO of Bharti Airtel.Average revenue per user (ARPU) during the quarter stood at Rs 154 which was lower than Rs 188 during the corresponding quarter year ago. However, consolidated mobile data traffic came in at 853 million MBs for the quarter, up 293.8 percent on year-on-year basis.”Airtel remains committed to its goal of increasing revenue market share in this competitive environment by providing superior customer experience and strategically investing behind building more data capacities,” Vittal added.The company’s revenue fell marginally to Rs 21,780. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 17.4 percent to Rs 7,922 crore, while EBITDA margin contracted to 36.4 percent from 30.72 percent in the previous quarter, the company said.last_img read more