Chris Parmelee homered to cap a 10-run fifth inning as the Minnesota Twins routed the Chicago White Sox 18-9 on Tuesday night.
The Twins also batted around in a seven-run second, but first-place Chicago remained one game ahead of Detroit in the AL Central. The Tigers lost 3-2 to Cleveland thanks to six solid innings from Justin Masterson.
Minnesota pecked away methodically with 17 hits - only three went for extra bases.
Parmalee drove in four runs while Ryan Doumit had three hits and three RBIs. Doumit hit a solo homer in the seventh and scored three times.
Minnesota's Eduardo Escobar had two hits and three RBIs against his former team.
Chicago outfielder Dewayne Wise pitched a scoreless ninth for the White Sox, who had a franchise-record 10 doubles - five in a four-run eighth.
"Balls were flying all over the place, as they always do in this ballpark," Twins manager Ron Gardenhire said.
"Fortunately, we were on the good side of it. That's crazy. We've seen it here before."
Meanwhile the Baltimore Orioles thrashed the Toronto Blue Jays 12-0 on Tuesday to earn a share of first place in the American League East after the New York Yankees went down 5-2 against the Tampa Bay Rays.
Left-hander Zach Britton pitched seven scoreless innings for the Orioles, limiting the Blue Jays to four hits, while Mark Reynolds drove in four including a three-run homer.
Baltimore (76-59) entered the clash trailing New York by one game, but the Yankees' third straight defeat - and fifth in their last six - saw them surrender sole possession of top spot.
Evan Longoria smacked a two-run homer, with BJ Upton and Desmond Jennings also hitting solo shots as the third-placed Rays moved within 1 1/2 games of the leading pair.
Los Angeles pitcher Zack Greinke won his third consecutive start as the Angels beat the Oakland Athletics 6-1 on the road on Tuesday to stay in the playoff hunt.
Greinke, acquired by Los Angeles (73-63) in July, allowed just one run and four hits over seven innings to get the win.
Los Angeles snapped Oakland's nine-game winning streak in the opener of a three-game series on Monday, and the back-to-back wins have pulled them within 3 1/2 games of a wild-card spot.
American League batting leader Mike Trout gave Los Angeles the lead with an RBI single in the fifth, and the visitors made sure of the wine with two runs in both the eighth and ninth innings.
The Kansas City Royals toppled the West-leading Texas Rangers 6-3, while the Boston Red Sox broke their seven-game losing streak with a 4-3 triumph over the Seattle Mariners.
In the National League, Adam LaRoche struck two of Washington's six homers and Ian Desmond drove in four runs as the Nationals established a season-high 7 1/2-game advantage atop the East with an 11-5 victory over the Chicago Cubs.
Jay Bruce's two-run go-ahead shot in the sixth inning proved decisive for the Central-leading Cincinnati Reds in a 2-1 win against the Philadelphia Phillies, but the West-leading San Francisco Giants went down 8-6 the Arizona Diamondbacks after the game went to 11 innings.
Jason Kubel's RBI triple at the top of the innings put his side in front before Miguel Montero's hit to centre field to send Kubel home sealed the win.
The Pittsburgh Pirates ended a four-game losing run with a 6-2 success against the Houston Astros, while the St Louis Cardinals overcame the New York Mets 5-1.
Elsewhere, the Colorado Rockies saw off the Atlanta Braves 6-0, while the San Diego Padres won 6-3 at the Los Angeles Dodgers.
NBA Finals results
Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)
Company%20Profile
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Cultural fiesta
What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421, Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Specs%20
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Get Out
Director: Jordan Peele
Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford
Four stars
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
UAE currency: the story behind the money in your pockets
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Australia squads
ODI: Tim Paine (capt), Aaron Finch (vice-capt), Ashton Agar, Alex Carey, Josh Hazlewood, Travis Head, Nathan Lyon, Glenn Maxwell, Shaun Marsh, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Andrew Tye.
T20: Aaron Finch (capt), Alex Carey (vice-capt), Ashton Agar, Travis Head, Nic Maddinson, Glenn Maxwell, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Mitchell Swepson, Andrew Tye, Jack Wildermuth.