Dollar may devalue by a third, warns currency fund manager

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first_img KCS-content Tags: NULL Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBakingFinance.comThis One Photo Caused Her Marriage To Dissolve ImmediatelyBakingFinance.comRest Wow[Pic] The Most Remarkable Dress Outfits EverRest WowMovie JewelCoast Guard Sees Bizarre Activity On Deserted Island, Takes Closer LookMovie JewelAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteStyleBistroHer Dress Caused A Stir On TwitterStyleBistroMaternity WeekOur Jaws Dropped At Aircrew’s Shocking Find On Deserted IslandMaternity WeekCompressaWhy Physical Therapists Are Recommending This Knee SleeveCompressafashionblast.clubThere Is No A Man Who Will Remain Indifferent If You Put On Such A Dress.fashionblast.clubEternallifestylePut Baking Soda Around the Base of a Tomato Plant, Here’s WhyEternallifestyle whatsapp Show Comments ▼center_img Sunday 7 November 2010 9:13 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapp ONE OF Europe’s top currency fund managers has warned that the US dollar could devalue by up to 30 per cent in the next year as concerns over the state of the country’s ailing economy continue to grip the markets.Bob Arends, who runs the Henderson Horizon Global Currency Fund, predicts the dollar could fall by between 20 and 30 per cent over the next year to 18 months, before confidence in the US economy returns.“The US is in dire straits indeed,” Arends said. “The private sector is still deleveraging, financial institutions are still deleveraging, household consumption is very low and many states are bankrupt. The key problem is, what if QE2 doesn’t work?”His comments come after the Fed last week said it would pump $600bn of fresh funds into the economy in a second attempt at using quantitative easing (QE) to kick start the recovery.Arends moved to Henderson in January 2009 from Fortis. His fund invests in currency pairs across two separate blocks, with 70 per cent of the fund invested in G10 currencies and 30 per cent in emerging markets. Currencies – a highly transparent and liquid asset class with low correlation to equities, bonds and real estate – have become more attractive in recent years to investors keen to spread the level of risk in their portfolio. Dollar may devalue by a third, warns currency fund manager last_img read more

GLMS reports decline in Q1 suspicious betting alerts

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first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address GLMS reports decline in Q1 suspicious betting alerts The Global Lottery Monitoring System (GLMS), the sports betting integrity body for the lottery industry, has reported a 31.8% year-on-year drop in the number of suspicious betting alerts registered in the first quarter.The body sent a total of 135 alerts to its members during the three months to 31 March, compared to 198 in the corresponding period last year.Football was the sport of most concern for the GLMS in Q1, accounting for 81 of all alerts for the period. Ice hockey followed in a distant second with 19 alerts, then basketball on 17, tennis with 11, volleyball on three, esports with two and one apiece for handball and badminton.Europe accounted for 90 of the total alerts, with 54 being in relation to wagering on football, ahead of 17 for ice hockey, 10 for basketball, four on tennis, three for volleyball and one each for badminton and handball.Asia followed some way behind Europe with 27 alerts, the majority of which were for football betting, then South America with seven alerts, North America on six alerts and Africa with five. The GLMS also noted that it did not register a single alert in Oceania in Q1.More than three quarters of all alerts (104) were for bets placed before an event, while the main reason for raising alerts was in relation to team news, with a total of 35 alerts filed as a result.Other major triggers included 20 alerts for significant odds changes and 25 alerts for odds changes that required further investigation, while 17 alerts were raised after a specific request had been sent to the GLMS.Reflecting on the first quarter, GLMS president Ludovico Calvi acknowledged that the industry faces a number of challenges due to the situation with the novel coronavirus (Covid-19), adding that ensuring integrity across the lottery market remains key.“Despite the level of complexity involved, creating clarity and security for our employees and business partners is absolutely key when the situation and the available information are constantly changing,” he said.“The last thing we want is to generate confusion because of the lack of information and the countless media reports offering different perspectives and advice. The real challenge is to adopt new ways of working and for that transition to be handled smoothly requires clear, consistent, timely guidance.“With personal interactions and retail business completely restricted, another important step to take could be to review our channel distribution mix both in B2C and B2B environments. Rapid redeployment of resources towards digital channels would allow lotteries to continue to operate and satisfy drastically changing consumer’s needs and behaviours.”This comes after the International Betting Integrity Association (IBIA), the sports integrity monitoring body comprised of operator members, reported a 65% year-on-year hike in Q1 alerts.Meanwhile, the GLMS has revealed that Germany’s Oddsett Sportwetten GmbH has joined the organisation as an associate member.Oddset, which is jointly owned by seven of Germany’s 16 state lotteries, is a licensed and state-owned company that provides sports betting through the retail networks of several state lotteries in Germany.As a GLMS associate member, Oddset will receive summaries of GLMS global alerts and have access to education and prevention tools, as well as to the global GLMS information network. In addition, the operator will benefit from sponsorship and communication opportunities at GLMS events.Oddset chief executive Christof Schoepfel said: “As a responsible sports betting provider, owned by and co-operating closely with lottery companies, we feel very committed to the goals of GLMS.“Every sports betting offer should go hand in hand with the overarching goal of maintaining the integrity of the sport, because only a fair sporting event offers our customers the pleasure of betting.”Calvi of GLMS added: “With the recent regulatory evolution, the largest market in Europe will now take further steps towards a full deregulation of the gaming market.“Sports betting will definitely lead the way in Germany and Oddset will play an important role in the promotion of transparent and socially responsible gaming operations.” Subscribe to the iGaming newsletter 8th April 2020 | By contenteditor Sports betting Topics: Sports betting The Global Lottery Monitoring System (GLMS), the sports betting integrity body for the lottery industry, has reported a 31.8% year-on-year drop in the number of suspicious betting alerts registered in the first quarter.last_img read more