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Sir Jim Ratcliffe makes first Man Utd visit after share purchase

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Sir Jim Ratcliffe and key members of his INEOS team made their first visit to Manchester United on Tuesday as they prepare to take control of proceedings at Old Trafford. Ratcliffe has agreed a deal to buy 25% of United from the Glazer family but cannot formally start work at the club until the Premier League have completed their Owners' and Directors test to confirm the British billionaire's suitability to lead a team. In the meantime, Ratcliffe and a number of INEOS officials visited Old Trafford on Tuesday to begin the initial settling-in process and evaluations of the club. Several sources state Ratcliffe was joined by INEOS director of sport Sir Dave Brailsford and executive Jean-Claude Blanc, both of whom will eventually take up roles at United once Premier League approval is given. With the Premier League process likely to take up to eight weeks, Ratcliffe and his team will hold a number of meetings across both Old Trafford and the Carrington training ground. Brailsfo...

Stock market today: Asian shares extend losses after China reports lower growth than expected

Shares are mostly lower in Asia as optimism over a Wall Street rally is countered by worries about the Chinese economy TOKYO -- Shares were mostly lower Tuesday in Asia as optimism over a Wall Street rally was countered by worries about the Chinese economy. Shares rose in Tokyo but fell in most other regional markets. Hong Kong’s benchmark lost nearly 2% as it reopened after a weather related closure on Monday. On Monday, China reported weaker economic growth for the spring than most economists had expected. Its recovery following the removal of anti-COVID restrictions has fallen short of forecasts. That has helped to limit inflation globally but it also is hindering a main engine of growth for the world economy. Japan's benchmark Nikkei 225 rose 0.2% to 32,438.27. Markets in Tokyo also were closed Monday, for a holiday. Australia's S &P/ASX 200 shed 0.3% to 7,276.00. South Korea's Kospi lost 0.5% to 2,606.19. Hong Kong's Hang Seng gave up 1.9% to 19,037.07, whil...