DHARAMSHALA // Paul Valthaty cracked a brisk 62 and Piyush Chawla bagged three wickets to help Kings XI Punjab to a 29-run win over Delhi Daredevils in the Indian Premier League (IPL).
The opener Valthaty added 102 for the second wicket with Australian Shaun Marsh (46) as Punjab made 170 for six before restricting bottom-placed Delhi to 141 for eight to keep alive their hopes of making it to the semi-finals.
The leg-spinner Chawla finished with 3 for 16 from his four overs.
Marsh's best came in the 13th over when he hammered Sridharan Sriram, the left-arm spinner, for 24 runs off five balls, including three sixes. He also hit five fours in his 28-ball knock.
Valthaty, who hit Australian paceman James Hopes for 16 runs in an over, smashed three sixes and six fours in his 50-ball innings.
Irfan Pathan, the paceman, was the most successful bowler with three wickets, including those of Valthaty and Marsh in one over.
Delhi failed to capitalise on a 52-run stand for the opening wicket between Australian David Warner (29) and Naman Ojha (28), losing five wickets in the space of 40 runs.
Shalabh Srivastava did the early damage when he dismissed both the openers in successive overs while Chawla got two wickets and Valthaty, also contributing with ball, taking a wicket to reduce Delhi to 92 for five.
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COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
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Current number of staff: 10
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UAE currency: the story behind the money in your pockets
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Killing of Qassem Suleimani
RESULTS
Dubai Kahayla Classic – Group 1 (PA) $750,000 (Dirt) 2,000m
Winner: Deryan, Ioritz Mendizabal (jockey), Didier Guillemin (trainer).
Godolphin Mile – Group 2 (TB) $750,000 (D) 1,600m
Winner: Secret Ambition, Tadhg O’Shea, Satish Seemar
Dubai Gold Cup – Group 2 (TB) $750,000 (Turf) 3,200m
Winner: Subjectivist, Joe Fanning, Mark Johnston
Al Quoz Sprint – Group 1 (TB) $1million (T) 1,200m
Winner: Extravagant Kid, Ryan Moore, Brendan Walsh
UAE Derby – Group 2 (TB) $750,000 (D) 1,900m
Winner: Rebel’s Romance, William Buick, Charlie Appleby
Dubai Golden Shaheen – Group 1 (TB) $1.5million (D) 1,200m
Winner: Zenden, Antonio Fresu, Carlos David
Dubai Turf – Group 1 (TB) $4million (T) 1,800m
Winner: Lord North, Frankie Dettori, John Gosden
Dubai Sheema Classic – Group 1 (TB) $5million (T) 2,410m
Winner: Mishriff, John Egan, John Gosden
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Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
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Rating: 4/5
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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