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China has agreed to buy up to $1.2 trillion in U.S. goods: CNBC

FILE PHOTO: FILE PHOTO: Pictures of the Year: U.S. Politics
FILE PHOTO: U.S. President Donald Trump and China's President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China, November 9, 2017. REUTERS/Damir Sagolj/File Photo

February 22, 2019

WASHINGTON (Reuters) – China has agreed to buy up to $1.2 trillion in goods from the United States as part of the current negotiations to end the trade war between the countries, CNBC reported on Friday, citing sources familiar with the situation.

Trump and Chinese President Xi Jinping could meet in late March in Florida, CNBC also reported.

CNBC said though that the two sides remain far apart on a key issue for the United States: the forced transfer of intellectual property. Negotiators have been meeting in Washington this week, with President Donald Trump scheduled to talk with Chinese Vice Premier Liu He on Friday afternoon, in the hopes of coming closer to a trade deal before March 1, when U.S. tariffs on a variety of goods are set to rise to 25 percent from 10 percent.

Two members of the Chinese delegation, who did not give their names, told Reuters they did not know if talks would be extended beyond Friday. They are scheduled to leave for Beijing on Saturday, according to a member of staff at their hotel.

Reuters reported exclusively on Wednesday that the two sides are starting to sketch out an agreement on structural issues, drafting language for six memorandums of understanding on proposed Chinese reforms.

(Reporting by Lisa Lambert and Timothy Ahmann in Washington; Editing by James Dalgleish and Chizu Nomiyama)

Source: OANN

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Ravens agree to contract with ex-Raiders WR Roberts

NFL: Pittsburgh Steelers at Oakland Raiders
FILE PHOTO: Dec 9, 2018; Oakland, CA, USA; Oakland Raiders wide receiver Seth Roberts (10) after a catch against the Pittsburgh Steelers during the fourth quarter at Oakland Coliseum. Mandatory Credit: Kelley L Cox-USA TODAY Sports

April 5, 2019

Wide receiver Seth Roberts, a day after getting released by the Oakland Raiders, has agreed to sign with the Baltimore Ravens on a one-year deal, pending a physical, the team announced.

Roberts, 28, was set to make $4.45 million this season with the Raiders.

He caught 45 passes for 494 yards and two touchdowns in 15 games last season (seven starts) for Oakland. He was released Thursday, a day after the Raiders signed wide receiver Ryan Grant. The Raiders have also added Antonio Brown, Tyrell Williams and J.J. Nelson to their receiving corps.

Raiders quarterback Derek Carr went to Instagram on Thursday to thank Roberts for his production while they played together in Oakland.

“I appreciate everything you did for our team,” Carr wrote. “From game winning touchdown after game winning touchdown. Your relentless work ethic that took you from an Undrafted rookie to someone who made a team, earned a starting spot, and always showed up when I needed you. From catching passes during the defensives (sic) set of plays every single day, to you even trying to run me over on a reverse haha! Thank you!”

After cutting Michael Crabtree and seeing free agent John Brown sign with the Buffalo Bills, the Ravens will need additional experience among their receiving corps. Willie Snead IV (211 career receptions for 2,622 yards) and Chris Moore (44 for 490) are the team’s only other wide receivers with a regular-season NFL catch.

Roberts has 158 receptions, 1,826 receiving yards and 13 touchdowns during his four-year career, all with the Raiders. Undrafted out of West Alabama in 2014, he spent his rookie year on the Raiders’ practice squad.

–Field Level Media

Source: OANN

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Biogen scraps Alzheimer’s trial, shares skid

A sign marks a Biogen facility in Cambridge
FILE PHOTO: A sign marks a Biogen facility in Cambridge, Massachusetts, U.S. January 26, 2017. REUTERS/Brian Snyder

March 21, 2019

(Reuters) – Biogen and partner Eisai Co Ltd are ending two late-stage trials testing an Alzheimer’s drug, they said Thursday, marking the latest setback for an industry keen to develop treatments for the memory-robbing disease.

Shares in Biogen slid 25 percent to $81.60 in premarket trading.

The decision to discontinue the trials testing drug aducanumab was made after an independent data monitoring committee reported the drug was unlikely to be successful, the companies said. The recommendation was not based on safety concerns, they added.

After dozens of experimental Alzheimer’s drugs have failed in the recent past, there is a desperate need for a treatment that works.

The disease is the most common form of dementia that affects nearly 50 million people worldwide and is expected to rise to more than 131 million by 2050, according to Alzheimer’s Disease International.

Biogen said it would continue to develop other treatments for Alzheimer’s.

“This disappointing news confirms the complexity of treating Alzheimer’s disease and the need to further advance knowledge in neuroscience,” Biogen Chief Executive Officer Michel Vounatsos said.

“We will continue advancing our pipeline of potential therapies in Alzheimer’s disease.”

The companies, however, for now will also discontinue a mid-stage study and a long-term extension study of aducanumab.

(Reporting by Tamara Mathias in Bengaluru; Editing by Shinjini Ganguli)

Source: OANN

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Cory Booker promises to ‘bring a fight to the NRA’ at launch of national campaign tour

Democratic presidential contender Cory Booker promised on Saturday to “bring a fight” to the National Rifle Association (NRA), calling for a range of gun control reforms as part of a hometown launch for a national campaign tour.

“We won’t wait for more thoughts and prayers for communities that have been shattered by gun violence from Pittsburgh to Parkland to Charleston,” he told the crowd in Newark, where he served as mayor for seven years before becoming a senator. “We will pass universal background checks, we will ban assault weapons and close loopholes that allow people who never should have a gun to get one.”

CORY BOOKER'S NOT SURGING IN THE 2020 RACE -- AND HIS CAMPAIGN SAYS THAT'S JUST FINE

“And folks, we will bring a fight to the NRA like they have never, ever seen before -- and we will win,” he said.

Booker’s remarks mark the start of a two-week tour across America for the 2020 hopeful, who has at times struggled to distinguish himself from the large pack of Democrats seeking the party’s nod and has languished in single digits in polls.

On Saturday, Booker led the rallying cry “We can’t wait” as he listed his policy goals, including fighting climate change, enacting comprehensive immigration reform ending “mass incarcerations” and facilitating federal legalization of marijuana.

He also made a call for national unity and for Democrats to fight “from higher ground” in an increasingly partisan and frequently toxic political environment.

"Critics will tell us that a campaign powered by grace and love and a deep faith in each other" cannot prevail, Booker said. "But I say it's the only way we win. The president wants a race to the gutter and to fight us in the gutter. To win, we have to fight from higher ground in order to bring this country to higher ground."

BOOKER RAISES $5 MILLION, LAGGING BEHIND MULTIPLE DEMOCRATS RUNNING FOR WHITE HOUSE

At the rally, he pushed his own bipartisan credentials -- namely the criminal justice reform bill he worked on, which was signed into law by President Trump last year. He is likely to continue to promote that work when he travels to states such as Iowa, Georgia  and Nevada as part of his tour.

While Booker has thus far failed to generate the kind of buzz that has followed candidates such as Beto O’Rouke and Pete Buttigieg, his aides say that the campaign’s philosophy offers some home. That philosophy? “You’ve got to organize and get hot at the end.”

“We’re not building this campaign to win a poll in April of 2019. We’re trying to win the election in February of 2020, in March of 2020, in April of 2020. This is a long race where there’s going to be a lot of ups and downs,” Booker campaign manager Addisu Demissie told Fox News this week.

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The campaign is directing most of its firepower to Iowa, New Hampshire, Nevada and South Carolina, the four states will kick off the presidential primary and caucus calendar in February and can provide crucial momentum for the primaries to follow.

“We’ve built our operation with the intention of having the strongest operation in the states on the front end of the primary calendar,” he said.

Fox News’ Paul Steinhauser and The Associated Press contributed to this report.

Source: Fox News Politics

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The Latest: Indonesian president says he won re-election

The Latest on Indonesia's election (all times local):

6 p.m.

Indonesian President Joko Widodo says he's the winner of the country's presidential election with preliminary results showing he received 54% of the vote.

He told reporters about 20 leaders of nations from Southeast Asia and other regions have congratulated him on securing a second term.

The vote estimate is based on so-called quick counts of a sample of polling stations by reputable survey organizations. He said that 100% of sample polling stations have now been counted or close to that. The quick counts have been accurate in previous elections.

Widodo's rival, former Gen. Prabowo Subianto, has claimed he won 62% of the vote in Wednesday's election based on his campaign's own counts, repeating a similar claim when he lost to Widodo in 2014.

The Election Commission is required to release official results by May 22.

___

2 p.m.

Indonesia's top security minister and its military and police chiefs said Thursday that they will crack down decisively on any attempts to disrupt public order while official results from presidential and legislative elections are tabulated.

Preliminary results from Wednesday's election show President Joko Widodo has comfortably won a second term, but his challenger, ultra-nationalist former general Prabowo Subianto, has claimed victory, repeating his tactics following his 2014 loss to Widodo.

Security minister Wiranto, who uses a single name, told a news conference with the chiefs of police and all military branches that security forces will "act decisively" against any threats to order and security.

He said the voter turnout of 80.5% gives the winner of the presidential election "high legitimacy." The Election Commission is required to release official results by May 22.

Source: Fox News World

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Sen. Coons: McCabe’s Remarks on Removing Pres. Trump From Office Should be Scrutinized

Sen. Coons: McCabe’s Remarks on Removing Pres. Trump From Office Should be Scrutinized

OAN Newsroom
UPDATED 1:54 PM PT — Sun. Feb. 17, 2019

Democrat Senator Chris Coons addresses remarks by former FBI Deputy Director Andrew McCabe about removing President Trump from office.

In a Face The Nation interview on Sunday, Coons said McCabe’s remarks about invoking the 25th amendment are problematic and should be looked in to.

FILE – In this June 7, 2017, file photo, then-FBI acting director Andrew McCabe listens during a Senate Intelligence Committee hearing about the Foreign Intelligence Surveillance Act, on Capitol Hill in Washington. (AP Photo/Alex Brandon, File)

The Delaware Senator dismissed suggestions made by some Republicans that McCabe’s statements reflect a conspiracy against President Trump.

This comes after McCabe said the DOJ considered removing the President, deeming him “unfit to serve.”

Coons defended McCabe, saying his remarks were probably taken out of context.

Additionally, Coons admitted the alleged abuses of the FISA court by Obama officials should be part of an oversight review of the Mueller probe.

Source: OANN Top News

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UAE armed forces sign contracts worth $1.58 billion with international firms at IDEX

Members of the UAE Armed Forces demonstrate skills during the opening of the International Defence Exhibition & Conference (IDEX) in Abu Dhabi
Members of the UAE Armed Forces demonstrate skills during the opening of the International Defence Exhibition & Conference (IDEX) in Abu Dhabi, United Arab Emirates February 17, 2019. REUTERS/Christopher Pike

February 18, 2019

ABU DHABI (Reuters) – The United Arab Emirates’ armed forces signed 5.8 billion dirhams ($1.58 billion) in contracts with international companies on Monday at the IDEX military exhibition, spokesman Brigadier General Mohammed al-Hassani said.

The contracts include a 5.3 billion dirham deal with Raytheon, al-Hassani said.

The UAE armed forces also signed contracts with local companies worth 1.14 billion dirhams.

($1 = 3.6728 UAE dirham)

(Reporting by Alex Cornwell; Editing by Toby Chopra)

Source: OANN

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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Sudan’s military, which ousted President Omar al-Bashir after months of protests against his 30-year rule, says it intends to keep the upper hand during the country’s transitional period to civilian rule.

The announcement is expected to raise tensions with the protesters, who demand immediate handover of power.

The Sudanese Professionals Association, which is spearheading the protests, said Friday the crowds will stay in the streets until all their demands are met.

Shams al-Deen al-Kabashi, the spokesman for the military council, said late Thursday that the military will “maintain sovereign powers” while the Cabinet would be in the hands of civilians.

The protesters insist the country should be led by a “civilian sovereign” council with “limited military representation” during the transitional period.

The army toppled and arrested al-Bashir on April 11.

Source: Fox News World

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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