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Malaysia’s securities regulator issues Goldman Sachs with show-cause letter

The Goldman Sachs company logo is seen in the company's space on the floor of the NYSE in New York
The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid

March 14, 2019

By Fathin Ungku

SINGAPORE (Reuters) – Malaysia’s securities commission said on Thursday that it has issued a show-cause letter to Goldman Sachs, which is embroiled in multi-jurisdictional investigations into Malaysian state fund 1Malaysia Development Berhad (1MDB).

A show-cause letter typically requires the recipient to explain why they should not be subject to disciplinary action.

“We have issued a show cause to Goldman Sachs,” the chairman of the Malaysia Securities Commission, Syed Zaid Albar, said at a press conference on Thursday.

However, he did not say when the letter was issued or provide any details about its contents. If the commission finds a financial institution violated regulations, its powers include issuing fines or revoking operating licenses.

Goldman Sachs did not immediately respond to a request for comment.

Apart from facing civil lawsuits, Goldman Sachs is being investigated by Malaysian authorities and the U.S. Department of Justice for its role as underwriter and arranger of three bonds that raised $6.5 billion for 1MDB.

Goldman Sachs has consistently denied wrongdoing and said certain members of the former Malaysian government and 1MDB had lied to the bank about the use of the proceeds from the bond sales.

(Reporting by Fathin Ungku; Editing by Neil Fullick.)

Source: OANN

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Woman steals electric scooter from Walmart, drives it to Waffle House to get coffee, police say

A woman in Tennessee just wanted a cup of coffee from Waffle House — so she stole an electric shopping scooter to make the slow ride for a cup of joe, police said.

Sally Selby, 45, was arrested and charged with theft Friday after police pulled her over on the highway in Crossville for taking the electric scooter on a joy ride, WTVF reported. Selby was spotted on surveillance video entering a Walmart about 4:15 a.m., getting into the scooter and riding it around the store as she shopped.

CANADIAN FAMILY DRIVES HOME FROM FLORIDA WITH DEAD BODY TO AVOID US HEALTH CARE COSTS, REPORTS SAY

She then drove the scooter out of the store about half an hour later, appeared to do a test run around the parking lot before riding it on Highway 127, WKRN reported.

Cops caught up with Selby around 5 a.m. after receiving reports of a woman driving the scooter in the highway’s slow lane.

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Selby said she was driving to a Waffle House to get a cup of coffee.

The scooter was eventually returned to Walmart.

Source: Fox News National

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Fugitive Indian diamond tycoon’s art collection worth millions to be auctioned

Sixty-eight pieces of art owned by Indian diamond tycoon Nirav Modi, whom state authorities accuse of being involved in a $1.8 billion bank fraud, will be auctioned Tuesday.

Modi, 48, who is one of India’s richest men and believed to be worth $1.75 billion, was arrested in London last Tuesday and ordered to be held without bail. Indian authorities have sought Modi's arrest since February 2018, when they alleged companies he controlled defrauded the state-owned Punjab National Bank by using fake financial documents to get loans to buy and import jewels.

Police in India later raided the homes and offices of Modi and business partner Mehul Choksi, seizing nearly $800 million in jewels and gold. The men are thought to have left India before the alleged fraud was discovered.

UK POLICE ARREST WEALTHY INDIAN JEWELER NIRAV MODI

His collection, which includes rare oil paintings and works by Raja Ravi Varma and V.S. Gaitonde, will be auctioned. A piece from his collection, “Untitled,” was sold at an auction in Mumbai in 2015 for $4.4 million, the BBC reported. Auctioneers said they believed a Varma painting could be auctioned for up to $2.5 million. Officials said the art is expected to “fetch anywhere between $4.4 million to $7.3 million,” Reuters reported.

“We believe that the collection’s intrinsic value will garner a positive response from collectors,” Dinesh Vazirani, the Saffronart’s chief executive told Reuters.

INDIAN DIAMOND TYCOON ARRESTED IN LONDON OVER ALLEGED ROLE IN $2 BILLION BANKING SCANDAL

Modi has denied the allegations and has sought political asylum in the U.K. His jewelry has been worn by stars such as actress Priyanka Chopra-Jonas.

The Associated Press contributed to this report.

Source: Fox News World

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American extradited to Australia charged with murder of Thai

Australian police on Sunday charged a man extradited from the United States with murder in the death of a Thai national, whose body was found bound and gagged on the side of a Sydney road.

Alex Dion, 38, was charged with the 2018 murder of Wachira "Mario" Phetmang after he arrived in Sydney from California under police guard.

The arrest warrant for Dion was issued in September while he already was in custody on a domestic violence charge in San Diego.

Phetmang's body was discovered by a truck driver last June bound, gagged and wrapped in plastic, covered in a mattress protector. An autopsy of his body found he suffered more than 20 wounds to his head and had multiple skull fractures.

The 33-year-old former cafe and spa worker had been living in Australia for at least the last 10 years, and was a permanent resident at the time of his death. He was last seen alive on May 25 at a petrol station in the Sydney suburb of South Hurstville.

Dion, a U.S. national, is believed to have left Australia on May 27 — more than a week before the body was found and formal identification was made.

When Australian police held a news conference seeking the public's help in the case, Dion called them and tried to blame an associate for Phetmang's killing, while also acknowledging that he had Phetmang's credit cards and cellphones with him in San Diego, according to the search warrant.

Dion told police that he had met Phetmang at the gas station to buy meth but that he left when their associate showed up, a story police say is contradicted by surveillance footage.

Dion was refused bail and will appear at a court on Monday.

Source: Fox News World

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Dear Mexico Stop Risking Your Child’s Well-being For An American Illusion

Immigration is a tough topic that takes, compassion, precision, and honesty. With that being said it is time to shift the perception that liberals are trying to save immigrant children from “evil republicans” who want to throw them in cages and holocaust 2.0 the world. (Sarcasm) The reality is,  U.S Border control is reporting that […]

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Biden Senior Adviser: “We Don’t Need White People Leading the Democratic Party”

Former CNN contributor Symone Sanders, said “we don’t need white people leading the Democratic Party right now,” after Trump’s election in 2016.

“The Democratic Party is diverse, and it should be reflected as so in our leadership and throughout the staff at the highest levels from the vice chairs to the secretaries all the way down to the people working in the offices at the DNC,” Sanders once told CNN’s Briana Keilar.

Now, Sanders is joining the very white Joe Biden as senior adviser to his 2020 presidential campaign.

Not living by the same identity politics she pushes, Symone also previously worked as press secretary for Sen. Bernie Sanders’ 2016 presidential campaign before taking a job at CNN.

The former CNN contributor’s move to the Biden campaign comes just hours after the former Vice President’s official 2020 launch.

To accompany the campaign launch, the Biden 2020 team released a video promoting the proven lie that Donald Trump said Neo-Nazis in Charlottesville were “very fine people.”

According to the same Fake News polls MSM pushed leading up to the 2016 election, Biden has an 8-point lead over Trump on day one of his campaign launch.

Infowars’ Paul Joseph Watson reported in 2016:

Emails revealed by Wikileaks show how Democratic operatives planned to encourage “oversamples for polling” in order to “maximize what we get out of our media polling.” In other words, sample more Democrats than Republicans in order to make people believe that Hillary’s lead is far greater than the reality of a tight race.

Given Sanders’ previous comments regarding white people leading the Democrat party, could she sabotage his campaign to allow a person of color or woman to get the Democratic nomination?

Source: InfoWars

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The Latest: Palestinian teen killed in clashes with Israelis

The Latest on the Israeli-Palestinian conflict (all times local):

11 a.m.

The Palestinian Health Ministry says an 18-year-old has been shot dead in West Bank clashes with Israeli troops.

The ministry says Israeli soldiers shot Sajed Mizher after stones were thrown at them early Wednesday during an arrest raid in the Dheisheh refugee camp near Bethlehem. It says two others were wounded in the clashes, which come amid an uptick in West Bank violence.

The Israeli military had no immediate comment. It often carries out pre-dawn arrest raids.

Since 2015, Palestinians have killed over 50 Israelis in stabbings, shootings and car-ramming attacks in the West Bank. Israeli forces have killed more than 260 Palestinians in that same period. Israel says most of the Palestinians killed were attackers, but clashes between protesters and soldiers have also turned deadly.

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10 a.m.

An unofficial cease-fire appears to be holding between Israel and Gaza's Hamas rulers despite limited exchanges of fire.

Schools reopened in southern Israel on Wednesday after late-night rocket attacks from Gaza set off air-raid sirens, breaking a daylong lull. The Israeli military struck back against additional Hamas targets but there were no reports of casualties on either side.

Israel and Hamas have fought three wars and dozens of skirmishes since the Islamic militant group seized control of Gaza in 2007. The latest round was triggered by a Gaza rocket fired early Monday that slammed into a house in central Israel and wounded seven people.

Large Gaza protests are expected this weekend, marking the anniversary of weekly rallies in which nearly 200 Palestinians have been killed by Israeli fire.

Source: Fox News World

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FILE PHOTO: The Huawei logo is pictured outside its Huawei's factory campus in Dongguan, Guangdong province
FILE PHOTO: The Huawei logo is pictured outside its Huawei’s factory campus in Dongguan, Guangdong province, China, March 25, 2019. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Ben Blanchard

BEIJING (Reuters) – Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.

News that Britain’s National Security Council, attended by senior ministers and spy chiefs, had agreed on Tuesday to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core elements was leaked to a national newspaper.

The leak of secret discussions has sparked anger in parliament and amongst Britain’s intelligence community. Britain’s most senior civil servant Mark Sedwill has launched an inquiry and written to ministers who were at the meeting.

“My understanding from London (is) that an investigation has been announced into apparent leaks from the NSC meeting earlier this week,” said Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing.

“To my knowledge there has never been a leak from a National Security Council meeting before and therefore I think it is very important that we get to the bottom of what happened here,” he told Reuters in a pooled interview.

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation. The majority of the ministers at the NSC meeting have said they were not involved, according to media reports.

Hammond said he was unaware of any previous leak from a meeting of the NSC.

“It’s not about the substance of what was apparently leaked. It’s not earth-shattering information. But it is important that we protect the principle that nothing that goes on in national security council meetings must ever be repeated outside the room.”

Allowing Huawei a reduced role in building its 5G network puts Britain at odds with the United States which has told allies not to use its technology at all because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

There have been concerns that the NSC’s conclusion, which sources confirmed to Reuters, could upset other allies in the world’s leading intelligence-sharing network – the Five Eyes alliance of the United States, Britain, Australia, Canada and New Zealand.

However, British ministers and intelligence officials have said any final decision on 5G would not put critical national infrastructure at risk. Ciaran Martin, head of the cyber center of Britain’s main eavesdropping agency, GCHQ, played down any threat of a rift in the Five Eyes alliance.

(Writing by Michael Holden; Editing by Mark Heinrich)

Source: OANN

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Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon
Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon, South Korea, April 26, 2019. REUTERS/Kim Hong-Ji

April 26, 2019

SEOUL (Reuters) – K-pop and drama star Park Yu-chun was arrested on Friday on charges of buying and using illegal drugs, a court said, the latest in a series of scandals to hit the South Korean entertainment business.

Suwon District Court approved the arrest warrant for Park, 32, due to concerns over possible destruction of evidence and flight risk, a court spokesman told Reuters.

Park is suspected of having bought about 1.5 grams of methamphetamine with his former girlfriend earlier this year and using the drug around five times, an official at the Gyeonggi Nambu Provincial Police Agency said.

Park has denied wrongdoing, saying he had never taken drugs, and he again denied the charges in court, Yonhap news agency said.

Park’s contract with his management agency had been canceled and he would leave the entertainment industry, Park’s management agency, C-JeS Entertainment, said on Wednesday.

Park was a member of boyband TVXQ between 2003 and 2009 before leaving the group with two other members, forming the group JYJ.

A scandal involving sex tapes, prostitutes and secret chat about rape led at least four other K-pop stars to quit the industry earlier this year.

The cases sparked a nationwide drugs bust and investigations into tax evasion and police collusion at night clubs and other nightlife spots.

(Reporting by Joyce Lee; Additional reporting by Heekyong Yang; Editing by Nick Macfie)

Source: OANN

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FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight taxis after landing at Reagan National Airport in Washington
FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight from Los Angeles taxis after landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States over safety issues in Washington, U.S. March 13, 2019. REUTERS/Joshua Roberts/File Photo

April 26, 2019

(Reuters) – American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing’s 737 MAX planes after cancelling 1,200 flights in the first quarter.

The company said it now expects its 2019 adjusted profit to be between $4.00 per share and $6.00 per share.

Analysts on average had expected 2019 earnings of $5.63 per share, according to Refinitiv data.

The No. 1 U.S. airline by passenger traffic said net income rose to $185 million, or 41 cents per share, in the first quarter ended March 31, from $159 million, or 34 cents per share, a year earlier.

Total operating revenue rose 2 percent to $10.58 billion.

(Reporting by Sanjana Shivdas in Bengaluru)

Source: OANN

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2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa
2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa, U.S., April 16, 2019. REUTERS/Elijah Nouvelage

April 26, 2019

By James Oliphant

MARSHALLTOWN, Iowa (Reuters) – Four years ago, Donald Trump campaigned in small towns like Marshalltown, Iowa, vowing to restore economic prosperity to the U.S. heartland.

In his bid to replace Trump in the White House, Pete Buttigieg is taking a similar tack. The difference, he says, is that he can point to a model of success: South Bend, Indiana, the revitalized city where he has been mayor since 2012.

The Democratic presidential contender has vaulted to the congested field’s top tier in recent weeks, drawing media and donor attention for his youth, history-making status as the first openly gay major presidential candidate and a resume that includes military service in Afghanistan.

But Buttigieg’s main argument for his candidacy is that he is a turnaround artist in the mold of Trump, although the Democrat does not expressly invoke the comparison with the Republican president.

“I’m not going around saying we’ve fixed every problem we’ve got,” Buttigieg, 37, said after a house party with voters in Marshalltown. “But I’m proud of what we have done together, and I think it’s a very powerful story.”

Critics argue improving the fortunes of a Midwestern city of 100,000 people does not qualify Buttigieg, who has never held national office, for the presidency of a country of 330 million. Others say South Bend still has pockets of despair and that minorities, in particular, have failed to benefit from its growth.

Buttigieg has told crowds in Iowa and elsewhere that his experience in reviving a struggling Rust Belt community allows him to make a case to voters that other Democratic candidates cannot. That may give him the means to win back some of the disaffected Democratic voters who turned their backs on Hillary Clinton in 2016 to vote for Trump.

Watching Buttigieg at a union hall in Des Moines last week, Rick Ryan, 45, a member of the United Steelworkers, lamented how many of his fellow union workers voted for Trump. The president turned in the best performance by a Republican among union households since Ronald Reagan in 1984.

Ryan said he hoped someone like Buttigieg could return them to the Democratic fold.

“He’s aware of the decline in the labor force in America, not just in Indiana or Des Moines or anywhere else,” Ryan said. “Jobs are going overseas. We need a find to way to bring that back.”

Randy Tucker, 56, of Pleasant Hill, Iowa, a member of the International Brotherhood of Electrical Workers, said Trump appealed to union members “desperate for somebody to reach out to them, to help them, to listen to their voice.”

Buttigieg could do the same, he said. “In my heart right now, he’s No. 1.”

PAST VS. FUTURE

Buttigieg stresses a key difference in his and Trump’s approaches.

Trump, he tells crowds, is mired in the past, promising to rebuild the 20th century industrial economy. Buttigieg argues the pledge is misleading and unrealistic.

Buttigieg says his focus is on the future, and he often talks about what the country might look like decades from now.

“The only way that we can cultivate what makes America great is to look to the future and not be afraid of it,” Buttigieg said in Marshalltown.

Buttigieg knows his sexual preference may be a barrier to winning some blue-collar voters. But he notes that after he came out as gay in 2015, he won a second term as mayor with 80 percent of the vote in conservative Indiana.

Earlier this month, he announced his presidential bid at the hulking plant in South Bend that stopped making Studebaker autos more than 50 years ago. After lying dormant for decades, the building is being transformed into a high-tech hub after Buttigieg and other city leaders realized it would never again attract a large-scale industrial company.

“That building sat as a powerful reminder. We hoped we would get back that major employer that would fix our economy,” said Jeff Rea, president of the regional Chamber of Commerce.

Buttigieg is praised locally for spurring more than $100 million in downtown investment. During his two terms, unemployment has fallen to 4.1 percent from 11.8 percent.

But a study released in 2017 by the nonprofit group Prosperity Now said not all of the city’s residents had shared in its rebound. The median income for African-Americans remained half that of whites, while the unemployment rate for blacks was double.

Regina Williams-Preston, a city councilor running to replace Buttigieg as mayor, credits him for the revitalized downtown. But she said he had a “blind spot” when it came to focusing on troubled neighborhoods like the one she represents and only grew more engaged after community pressure.

“He understands it now,” she said. “The next step is figuring out how to open the doors of opportunity for everyone.”

‘ONE OF US’

Trump touts the fact that the United States added almost 300,000 manufacturing jobs last year as evidence he made good on his promise to restore the industrial sector. But that growth still left the country with fewer manufacturing jobs than in 2008.

The robust U.S. economy is likely the president’s greatest asset in his re-election bid, particularly in states he carried in 2016 such as Iowa, Wisconsin, Michigan and Pennsylvania. He won Buttigieg’s home state by 19 points over Clinton in 2016.

Sean Bagniewski, chairman of the Democratic Party in Polk County, Iowa, said Buttigieg would be well positioned to compete with Trump in the Midwest.

“People love the fact that he’s a mayor,” said Bagniewski, who has not endorsed a candidate in the nominating contest. “If you can talk about a positive future, and if you actually have experience that can do it, that’s a compelling vision in Iowa.”

Nan Whaley, the mayor of Dayton, Ohio, which faces many of the same challenges as South Bend, agreed.

“He’s one of us,” Whaley said. “That helps.”

(Reporting by James Oliphant; Editing by Colleen Jenkins and Peter Cooney)

Source: OANN

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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