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Sri Lanka aim to bounce back against Afghanistan

first_imgCardiff (Wales): Sri Lanka, who were comprehensively beaten by New Zealand in their opening game, will look to come out with a much improved performance when they take on dark horses Afghanistan in the ongoing World Cup at the Cardiff Wales Stadium here on Tuesday. Sri Lanka did not have the ideal start to their World Cup campaign as they lost by 10 wickets to the Black Caps on June 1. None of their batsmen — apart from skipper Dimuth Karunaratne who remained unbeaten at 52 — could stand against the hostile bowling from the Kiwi pacers and were bundled out for 136. The bowlers also failed to come up with an inspiring performance and proved ineffective as New Zealand chased down the target inside 16 overs. Also Read – We don’t ask for kind of tracks we get: Bowling coach ArunKarunaratne’s men need to pull up their socks and improve in all the three departments if they want to beat Afghanistan, who have a well-rounded bowling attack. Afghanistan, despite being comprehensively beaten by Australia in their opening game, will back themselves to bounce back against a demoralised Lankan team. However, in order to do that, their openers need to score runs and make sure they set a platform for the lower order, which performed reasonably well against the likes of Mitchell Starc and Pat Cummins in Bristol. In Rashid Khan, they not only have a world-class spinner but also a decent batsman who can score big on his day. And they would also be gaining confidence with the performance of fast bowler Hamid Hasan, who produced a fast, disciplined opening spell against the mighty Aussies.last_img read more

Home Capitals shares fall as new mortgages drop 85

Shares of Canadian lender Home Capital Group fell more than 7 per cent in early trading, a day after the company posted an 85 per cent drop in mortgage originations in the third-quarter from a year ago.The company said total mortgage originations in the quarter was $385 million, compared with $2.54 billion a year earlier.Shares of the company fell as much as 7.7 per cent to $13.26. The stock was among the biggest losers on the Toronto Stock Exchange.“Challenges growing in the loan book may indicate that broker relationships are proving tough to repair, which would cloud our outlook for regaining share in a competitive non-prime origination environment in 2018,” Raymond James analysts wrote in a note.Home Capital said in June it would sell a portfolio of commercial mortgage assets valued at $1.2 billion to trim outstanding debt on a $2 billion emergency facility it agreed with the Healthcare of Ontario Pension Plan (HOOPP) in April.The expensive bridge financing provided by HOOPP affected the company’s ability to originate new mortgages since it could not afford to lend money at lower rates than its cost of borrowing.Home Capital said in a statement on Tuesday the process of restoring loan growth had been slower than planned and was the management’s top priority.Up to Tuesday’s close, the lender’s stock had fallen about 54 per cent this year.© Thomson Reuters 2017 read more