Manufacturing activity also expanded in Vietnam and Malaysia, pointing to a slow but steady recovery ahead.Japan and South Korea continued to see manufacturing activity shrink, underscoring the heavy blow the pandemic dealt to their export-reliant economies, although the pace of their declines slowed.”The chance of a V-shape recovery in the manufacturing sector appears slim at this stage,” said Joe Hayes, economist at IHS Markit, which compiles the survey.”We’re still awaiting signs of meaningful improvement in Japan’s manufacturing sector, with the PMI for June failing to stage a substantial recovery.” Asia’s factory pain showed signs of easing in June, as a rebound in China’s activity offered some hope the region may have passed the worst of the devastation caused by the coronavirus pandemic.But sluggish global demand and fears of a second wave of infections will tame any optimism on the outlook and keep pressure on policymakers to support their ailing economies.China’s factory activity grew at a faster clip in June after the government lifted coronavirus lockdown measures, a private sector survey showed on Wednesday. China’s Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 51.2 in June from 50.7 in May, marking the highest reading since December 2019. That followed a similarly upbeat reading from the Chinese government’s own PMI on Tuesday.Vietnam and Malaysia also saw their PMIs crawl back above the 50-mark separating growth from contraction, a welcome sign for policymakers struggling to combat the pandemic’s fallout.But analysts expect any recovery in the region to be slow.While China’s export orders shrank at a slower pace, its employment contraction worsened, the PMI showed, underscoring the fragile recovery in the world’s second-largest economy.”Overall manufacturing demand recovered at a fast clip, but overseas demand remained a drag,” said Wang Zhe, senior economist at Caixin Insight Group.Japan’s PMI rose to a seasonally adjusted 40.1 in June, while South Korea’s PMI ticked up to 43.4 – both remaining far below the boom-or-bust threshold of 50.Separately, a Bank of Japan survey showed big manufacturers’ confidence sinking to levels last seen during the 2009 global financial crisis, reinforcing expectations the country was sinking deeper into recession.”If demand doesn’t rebound fast enough, companies will have to shed jobs,” said Shinichiro Kobayashi, senior economist at Mitsubishi UFJ Research and Consulting. “That will delay Japan’s economic recovery, which could end up in a L-shape.” Topics :
Oh, the madness. And no, it’s not March.Given the perplexity of NCAA college football this year with all of the upsets, slipups and outright parity, it’s a wonder that there are still any teams without a loss. Seven bewildering weeks into the season and just three of the preseason top 10 teams remain in there. None of those teams remain undefeated.Since it’s nearly impossible to accurately predict what will come of the remaining six weeks, I took the liberty of dishing out a number of midseason classifications that describe a glimpse of what has already gone down.Walt Disney”s Cinderella Team: — South FloridaA mere 11 years ago, the South Florida Bulls football team was just an idea. Entering the scene for the first time in 1997 as a 1-AA independent, USF quickly climbed the ladder to Division I football in 2001. And now, at No. 2 nationally, it is in contention for the BCS title.The Arizona Diamondbacks of the college football world could become the fastest program in Division-IA history to play for a national championship. Controlling its own destiny and with only a fading Rutgers team, Connecticut, Cincinnati and Louisville on the docket that could conceivably dash its historical run, South Florida’s season has the makings of the next “Hoosiers.”Before I get ahead of myself, let’s take a look at what the Bulls have done. South Florida snuck past No. 17 Auburn on the road 26-23 Sept. 8. The win gave the Bulls their first national ranking. Two weeks later USF upset No. 5 West Virginia for the second consecutive year in a 21-13 turnover fest to move to sixth nationally.Every week, a new travesty occurs in the top 25, and every week South Florida gets a little bit closer to its prince charming.Harry Houdini”s Disappearing Act: — WisconsinReturning 18 starters from its 12-1 team a year ago, Wisconsin was ranked No. 7 to start the season. Despite losing its starting quarterback John Stocco to eligibility, UW was returning most of its nationally ranked defense and formidable offense. The season started off shaky as the defense clearly wasn’t the same unit as last season. But the biggest thing was that the Badgers continued to win when other teams lost. As a result they moved up to No. 5 in the country.However, just two weeks and two losses later — including a disturbing 38-7 defeat Saturday against Penn State — Wisconsin is off the radar. Hidden among the numerous questions the team will have to answer in the remaining weeks is whether the team still has anything left to play for.The reason I say this is the players admittedly quit after halftime against the Nittany Lions.”A lot of the guys just weren’t into [the game] completely,” right tackle Eric Vanden Heuvel said. “Once the game started getting away from us, I think a lot of us kind of just gave up.”Certainly the besieged Badgers have been plagued by injuries and misfortune, but for a first half that started so promising, it’s playing out to be one to forget.Tommy John”s Comeback Kid: MichiganThe Wolverines’ season has been almost an exact replica of the Badgers’ but in the reverse direction. Starting as the preseason favorite to win the Big Ten, Michigan proceeded to lose two straight games in a fashion similar to Wisconsin’s most recent losses: Appalachian State upended Michigan in a game the Wolverines should have won and would have won had it not been for a blocked field goal try in the game’s final seconds. Then the floodgates opened against Oregon. Michigan lost 39-7.Rumors began swirling that head coach Lloyd Carr would be fired and that since the senior class’s chance at winning the national championship was dashed, there was no reason to continue playing.Behind the Heisman-worthy Mike Hart, the Wolverines stuck with it, though. They have run off five consecutive victories to remain one of two teams in Big Ten conference play that remains unbeaten.Unable to contend for a national championship, Michigan still proved there is something worth playing for.Oedipus” Victim of Circumstance: — Florida, LSU…… — SEC in generalForced to play other highly talented teams within its conference, the SEC, Florida and LSU have fallen on hard times. Although they are two of the best teams in the nation (as their top-six rankings would indicate heading into the season), the Gators and Tigers have three losses between them with conceivably more to come.At one point or another this season, nine of the 12 teams within the SEC have been nationally ranked and seven are currently in the top 25 (No. 5 LSU, No. 6 South Carolina, No. 8 Kentucky, No. 14 Florida, No. 18 Auburn, No. 20 Tennessee and No. 21 Georgia). Clearly, the fact that so many teams are loaded dumbs down the entire conference and makes weaker ones (i.e, the Big Ten and the Big East) look better.Steady Eddy: — Ohio State, Boston CollegeAs vexing as the new rankings were for just about everyone — media, fans, SEC, Pac 10 — to see the new top three, there is some truth to why they’re there and others aren’t. Aside from the obvious — Ohio State and Boston College are undefeated– they both have played consistently well all season long.The Buckeyes’ tightest game this season was against the Akron Zips. They held a 3-2 halftime lead. From there, OSU took over and won 20-2. The Eagles in their own right haven’t faced any adversity either. Their biggest scare was a 14-7 first-quarter deficit to Wake Forest in the season’s opening game. A seven-point deficit is it.Although not everyone is ready to give these two teams respect, they surely have proven that of all the teams in college football, they are the steadiest when it comes to wins.Kevin is a seniorr double majoring in journalism and economics. To comment about the first half of the NCAA college football season he can be reached at firstname.lastname@example.org.
City side remain third in the table after being held to a scoreless draw by Mark Hughes’ side. Pep Guardiola started with David Silva on the bench, but defended his decision to rotate his squad given their schedule.
“There are just some people who would need to know of my decision,” the former UAAP MVP with Ateneo added.Without a doubt the most decorated amateur in the land today, Ravena will definitely be the No. 1 pick when the rookie proceedings are held sometime in October – unless someone of greater skill and size comes along, which is quite hard to fathom at the moment while looking at the talent in the local collegiate leagues.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’“When is the (Draft application) deadline, by the way?” he even asked with a smile.The 6-foot Ravena is dead set on playing at least two more international events before formalizing everything as he guns for a record no basketball player in the Philippines has ever held. MOST READ “If I can make the SEA Games team and we win, I would become the first player to win four gold medals in the event,” he said.He even named the man with whom he is tied with for the current record.“Kuya Rommel (Adducul) also won three,” Ravena went on. “I could win it four straight. And that’s a lot compared to the number that my dad won.”“He only has one,” Kiefer said with a laugh, referring to dad Bong Ravena’s 1991 championship, and the younger Ravena even pointed out that his old man’s only SEAG title came 20 years before he won the first of his three.Bong Ravena didn’t have the chance to win more as he turned pro the following year to win top rookie honors that season in the PBA after upsetting eventual all-time great Vergel Meneses.ADVERTISEMENT And should Kiefer make his decision final after the Fiba Asia in Lebanon and SEAG in Kuala Lumpur, he is about to put one over his dad again in the PBA Draft, with Bong selected fifth overall by San Miguel in 1992.Like the SEAG medal count, Kiefer’s old man will again have no chance to get even with him on this one.Sports Related Videospowered by AdSparcRead Next Marcosian mode: Duterte threatens to arrest water execs ‘one night’ LIVE: Sinulog 2020 Grand Parade LATEST STORIES IT happens: Facebook sorry for Xi Jinping’s name mistranslation Missile-capable frigate BRP Jose Rizal inches closer to entering PH Navy’s fleet View comments End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend Don’t miss out on the latest news and information. 787 earthquakes recorded in 24 hours due to restive Taal Volcano Trending Articles PLAY LIST 00:50Trending Articles06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold01:45Explosive Gilas Pilipinas not yet at its best, says Tim Cone01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Federer into 11th Wimbledon final, faces Cilic for title Malacañang open to creating Taal Commission OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Duterte’s ‘soft heart’ could save ABS-CBN, says election lawyer Photo by Tristan Tamayo/INQUIRER.netTAIPEI – With the way he talked on Friday night, Kiefer Ravena is in his final tours of duty with Gilas Pilipinas – three tournaments at the most until the end of August – before he comes back as a National player later on as a professional.“As far as I’m concerned, the only thing left to be done is pass my application form for the (PBA) Draft,” Ravena said before Gilas practice as the Filipinos prepare to slug it out with title favorite Canada 150 at the start of the 39th Jones Cup Invitational in this thriving island.ADVERTISEMENT