Ronaldo return inspires Portugal past Algeria

first_imgIt was a welcome boost for the European champions, who hadn’t won since March and were held to draws by Tunisia (2-2) and Belgium (0-0) in their previous two friendlies.Having been given some extra time off following Real Madrid’s Champions League final victory over Liverpool, Ronaldo made his 150th international appearance for Portugal.And his very presence sparked a marked improvement in Portugal’s attacking thrust as he was involved in almost every dangerous move the hosts conjured until he was replaced on 74 minutes.Portugal begin their World Cup campaign in Sochi against Spain on June 15. Algeria did not qualify.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Cristiano Ronaldo inspired Portugal to a morale-boosting victory over Algeria on his return to international duty © AFP / JOSE MANUEL RIBEIROLISBON, Portugal, Jun 8 – With talisman Cristiano Ronaldo back in the side, Portugal strolled to a 3-0 win over Algeria in a World Cup warm-up match in Lisbon on Thursday.A brace from Paris Saint-Germain forward Goncalo Guedes, who spent last season on loan at Valencia, and another strike from Sporting Lisbon midfielder Bruno Fernandes secured a comfortable success.last_img read more

Blocked merger between Siemens and Alstom a win for Bombardier say analysts

first_imgMONTREAL — Analysts say Bombardier Inc. can rest a little easier after European antitrust authorities blocked a plan by manufacturing giants Siemens and Alstom to merge their rail operations.The European Commission announced its decision Wednesday to bar Siemens of Germany from acquiring the French Alstom’s train-making business, arguing it could reduce competition in the signaling and high-speed train markets.The deal would have created a $22.5-billion company with more than 60,000 employees, versus Bombardier’s US$8.5 billion in train unit revenues in 2017.Analyst Cameron Doerksen of National Bank Financial says that while the scuppered merger would have given the combined company a “dominant position” in Europe, Bombardier would have remained a “top-two player” in the key markets of Germany, France and the U.K.Still, he and other analysts say the deal may have reduced opportunities for the Berlin-based division of Bombardier Inc. to team up on contract bids with Siemens and Alstom and hurt its prospects in the market for rail signalling systems. Bombardier stocks were up five per cent to $2.03 in midday trading.Bombardier says it is “pleased” with the European Commission ruling and states that such a big merger would have damaged competitiveness and left European consumers and taxpayers paying the price. Companies in this story: (TSX:BBD.B)The Canadian Presslast_img read more