(Reuters) – Boston Red Sox owner John Henry is in talks with RedBall Acquisition Corp to take his famed sports holding company Fenway Sports Group LLC public, a person familiar with the matter told Reuters late on Friday.

The deal being discussed would merge Fenway Sports Group with RedBall Acquisition Corp and will value the owner of the Liverpool Football Club at around $8 billion including debt, the source said, asking not to be identified.

The talks were reported earlier by the Wall Street Journal newspaper, which said the discussions are in the early stage and could still fall apart.

The newspaper also said RedBall, which raised $575 million in August to buy businesses in sports and sports-related media and data analytics, plans to raise an additional $1 billion to buy a stake in Fenway Sports Group that will not exceed 25%.

RedBall, a special purpose acquisition company (SPAC), is co-chaired by former Goldman Sachs banker Gerald Cardinale and baseball executive Billy Beane, who shot to fame with Michael Lewis’s book “Moneyball: The Art of Winning an Unfair Game.”

(Reporting by Kanishka Singh and Sabahatjahan Contractor in Bengaluru; Editing by Sonya Hepinstall)

Copyright 2020 Thomson Reuters.

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PARIS, Oct 9 (Reuters)A consensus is emerging among G20 nations to extend a debt-payment freeze next week for poor countries for an additional six months, a French finance ministry source said on Friday.

Members of the Group of 20 economic powers and the Paris Club of creditor nations agreed in April to suspend until the end of the year debt payments owed to them by poor countries to free up resources for tackling the coronavirus outbreak.

G20 finance ministers are due to take a decision on what to do after the end of the year when they hold an online meeting next Wednesday, the source said.

“The number we think we will land on is six months, which seems reasonable as that will give time to evaluate the impact of the crisis on debt sustainability,” the source said.

After six months, the debt servicing freeze could be extended for those countries still facing liquidity problems to cover maturities falling due.

More in-depth debt restructurings could be considered at that time for countries whose debt burdens were deemed unsustainable, the source added.

Unlike the debt-payment freeze, such treatment would be considered on condition that private sector creditors also participated, there was an IMF programme for the debtor country and if there is comparable treatment among all official public sector creditors.

Private sector lenders have faced criticism for not also freezing debt payments owed to them, while China has been singled out for not suspending payments owed to state-owned China Development Bank.

(Reporting by Leigh Thomas; Editing by Hugh Lawson)

((leigh.thomas@thomsonreuters.com; +33 1 4949 5143;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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ASUNCION (Reuters) – Paraguay’s Finance Minister Benigno López will step down from his ministry position in the next few days to take a senior role at the Inter-American Development Bank (IDB), a government source told Reuters on Thursday.

The regional lender has picked Lopez as vice president for sectors and knowledge, according to a note seen by Reuters, which would involve a three-year term starting in mid-October.

The government source said López would be formally appointed to the IDB role in the coming days. The most likely replacement is former minister Ernst Bergen, the current Paraguayan head of the bi-national Itaipú hydroelectric dam.

López is the half-brother of Paraguayan President Mario Abdo and one of the government’s main advisers. Before being Minister of Finance, he was head of the pension authority and director of the central bank, where he worked for more than two decades.

An IDB spokesman said that the bank had no comment on specific appointments, but added that newly elected IBD head Mauricio Claver-Carone was putting together a new leadership team as part of his plans.

(Reporting by Daniela Desantis; Writing by Adam Jourdan; Editing by Nick Zieminski)

Copyright 2020 Thomson Reuters.

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By Daniela Desantis



a person sitting in front of a computer: FILE PHOTO: Paraguay's Finance Minister Benigno Lopez Benitez talks to Reuters, in Asuncion


© Reuters/JORGE ADORNO
FILE PHOTO: Paraguay’s Finance Minister Benigno Lopez Benitez talks to Reuters, in Asuncion

ASUNCION (Reuters) – Paraguay’s Finance Minister Benigno López will step down from his ministry position in the next few days to take a senior role at the Inter-American Development Bank (IDB), a government source told Reuters on Thursday.

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The regional lender has picked Lopez as vice president for sectors and knowledge, according to a note seen by Reuters, which would involve a three-year term starting in mid-October.

The government source said López would be formally appointed to the IDB role in the coming days. The most likely replacement is former minister Ernst Bergen, the current Paraguayan head of the bi-national Itaipú hydroelectric dam.

López is the half-brother of Paraguayan President Mario Abdo and one of the government’s main advisers. Before being Minister of Finance, he was head of the pension authority and director of the central bank, where he worked for more than two decades.

The IDB did not immediately respond to an emailed request for comment.

(Reporting by Daniela Desantis; Writing by Adam Jourdan; Editing by Nick Zieminski)

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Gussie Toney, a constant volunteer for the religious nonprofit organization Christ Central, opened the front door to the organization’s Aiken office Tuesday morning and promised life-altering changes will be made for anyone who walks through it.

“They do not leave this building without getting what they need,” Toney said as she and over 10 other volunteers readied food boxes that will to be given out to nearly 100 families during a two-day period. 

The food distribution project is just one of the many abundant services the organization offers daily, and just one way it builds up the people it helps.

Christ Central, an organization with both Aiken and Graniteville locations, has a simple but effective way to help those in need throughout the Aiken community. 

“We meet people where they are, but not leave them where they are,” sums up Judy Floyd, director of Christ Central. 

With the help of over 350 volunteers – all of whom are scattered throughout 20 other ministry programs within Aiken and Graniteville – the organization strives to encourage people to take the next step in getting their lives in order, both practically and spiritually. It does so by meeting not only residents’ most basic needs, food and clothing, but also their more advanced needs such as education, job skill training and prayer. 

These resources act as a needed boost rather than a handout, Floyd specified, and ultimately allows the people to reach their personal goals through hard work and education. 

“We want to give people hope,” Floyd said. “Our motto is: ‘Health in our hands and hope in our words.’ So we try to do that.”

Hope Center School

A first step in this life-altering process starts with the outreach-stimulating independence through its Graniteville Hope Center school, located at 3 Hickerman St.

The school