Upcoming shows
Real News

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Poll: Rep. Mo Brooks Would Beat Roy Moore in Senate Primary

Rep. Mo Brooks, R-Ala., would defeat former state Supreme Court Chief Justice Roy Moore by a wide margin in a Republican primary to see who would compete for Democratic Sen. Doug Jones’ seat, according to a poll conducted for the Club for Growth.

Here are how the poll results break down:

  • 52 percent would vote for Brooks and 32 percent for Moore in a head-to-head contest.
  • 61 percent of those with an opinion of both candidates would vote for Brooks and 27 percent for Moore.

“The Club for Growth polling clearly shows Mo Brooks is the best choice to defeat Roy Moore,” said Club for Growth Action President David McIntosh. “Mo Brooks would be a fighter for economic freedom and represent Alabamians well in the US Senate.”

Jones defeated Moore in 2017 for the Senate seat.

The poll, conducted WPA Intelligence on March 10-12, surveyed 501 likely Republican primary voters in Alabama. It has a margin of error of 4.4 percent.

Related Stories

Source: NewsMax Politics

0 0

Sri Lanka may need more IMF help as blasts threaten tourism

A security personnel observes three minutes of silence as a tribute to victims, two days after a string of suicide bomb attacks on churches and luxury hotels across the island on Easter Sunday, near St Anthony Shrine in Colombo
A security personnel observes three minutes of silence as a tribute to victims, two days after a string of suicide bomb attacks on churches and luxury hotels across the island on Easter Sunday, near St Anthony Shrine in Colombo, Sri Lanka April 23, 2019. REUTERS/Dinuka Liyanawatte

April 23, 2019

By Marius Zaharia and Vidya Ranganathan

HONG KONG/SINGAPORE (Reuters) – Sri Lanka faces a likely collapse in tourism following Easter Sunday bomb attacks on churches and hotels, which would deal a severe blow to the island’s economy and financial markets, and potentially force it to seek further IMF assistance.

The International Monetary Fund extended last month a $1.5 billion loan for an extra year into 2020, a key step in keeping foreign investors involved in what so far this year has been a top-performing frontier debt market.

But with growth, and therefore state revenues, now likely to slow significantly, the budget targets agreed with the IMF may have to be reviewed, and the government is expected to resist pressure for any spending cuts before elections expected later this year.

There is even a possibility that more IMF money may be needed if foreign investment falls, adding to the hard currency gap left by plunging tourism receipts.

“If growth slows a lot more and the budget deficit assumptions need to be reassessed, then they’ll have to sit down and negotiate something more feasible,” said Alex Holmes, Asia economist at Capital Economics.

The Sri Lankan stock index dived 2.6 percent on Tuesday in its first day of trading after the attacks that killed more than 300 people, while the heavily-managed rupee held steady.

Tourism is Sri Lanka’s third-largest and fastest growing source of foreign currency, after remittances and garment exports, accounting for almost $4.4 billion or 4.9 percent of gross domestic product (GDP) in 2018.

A fall in tourism receipts is bound to weaken the rupee over time. The central bank, whose coffers are too light to defend the currency through interventions, is likely to have to raise interest rates.

This, in turn, would choke lending, hurting consumers and the investment plans of local businesses, while also making it more costly for the government to seek funding from foreign investors via bond markets.

“The central bank may be forced to hike rates again this year,” said Win Thin, global head of currency strategy at Brown Brothers Harriman (BBH).

“With foreign reserves very low right now, the central bank cannot actively support the rupee.”

After falling 16 percent against the U.S. dollar last year to record lows, the rupee had gained 4.6 percent this year as of last week.

Sri Lankan bonds have been among the best performing globally, only bettered by Argentina and Chile. But the main stock index has lost about 10 percent.

WEAK FINANCES

Sri Lanka’s external position was already precarious.

To help fund a record $5.9 billion in foreign loans this year, the country successfully sold $2.4 billion in five-year and 10-year U.S. dollar bonds last month, but that was right after the IMF extension and amid bets of looser monetary policy.

(GRAPHIC: Sri Lanka’s precarious balance of payments – https://tmsnrt.rs/2IAqHKj)

In January, Sri Lanka used its reserves to repay debt worth $1 billion. It had about $5 billion left in February, the least since April 2017, and only enough to cover two months of imports and about two-thirds of its short-term external debt, according to BBH calculations.

Colombo also needs to finance a current account deficit of about 3 percent of GDP.

Prime Minister Ranil Wickremesinghe is already facing heavy criticism domestically for higher taxes, and tight monetary and fiscal policies that have crimped growth to a 17-year low.

Having emerged from a 51-day political crisis in which President Maithripala Sirisena sacked and replaced him with pro-China former president Mahinda Rajapaksa – a decision which was later reversed – Wickremesinghe set an ambitious fiscal deficit goal of 4.4 percent of GDP, compared with 5.3 percent in 2018.

But he also boosted spending on state employees, pensioners and the armed forces and promised more funds for rural infrastructure, leading economists to doubt the targets. A presidential vote is expected later this year followed by a general election in 2020.

“Given the fact they have repayments coming up for sovereign bonds, it could lead to more pressure on foreign currency reserves. So, it’s a near term negative for the tourism sector and also market sentiment as well,” said Ruchir Desai, fund manager at Asia Frontier Capital, who co-manages the $16 million AFC Asia Frontier Fund.

“Valuations are cheap, no doubt… but until they get some kind of political unity which can result in stable policy-making, we will probably remain underweight (equities) until the elections.”

(Reporting by Marius Zaharia in HONG KONG, Vidya Ranganathan in SINGAPORE and Daniel Leussink in TOKYO; Writing by Marius Zaharia; Editing by Kim Coghill)

Source: OANN

0 0

Beneath Fed’s positive spin, an embrace of a tepid future

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis

March 21, 2019

By Ann Saphir and Howard Schneider

SAN FRANCISCO/WASHINGTON (Reuters) – Federal Reserve policymakers see a U.S. economy that is rapidly losing momentum. They predict inflation will miss their 2 percent target for yet another year, despite rising wages, and they expect unemployment to increase.

Fed Chairman Jerome Powell’s view of it all? He calls these fundamentals “very strong,” says the economy is in a “good place and sees the outlook as “favorable.”

Welcome to the new normal.

Powell’s upbeat assessment of a deteriorating economy shows how completely the Fed has embraced a world of stubbornly weak inflation, permanently slower growth and chronically low interest rates that give the central bank precious little room for conventional policy easing when the next downturn arrives.

It is a situation that poses risks to the Fed’s credibility, given the long-running failure to lift inflation to a target first specified in 2012 in hopes of guiding the economy upward. It also raises the stakes over an evolving debate about the need for fiscal, social and other policies that may be targeted to pick up the slack.

“It feels like the Fed has come to Jesus on this topic,” said University of Oregon economics professor Tim Duy, who believes the abrupt revisions to Fed forecasts show the Fed may have already raised interest rates too far. “The secular stagnation story, some part of it, must in fact be a reality.”

Powell delivered his message on Wednesday as the Fed signaled it is likely finished with the interest rate increases it started back in 2015, and hinted that should the outlook worsen, a rate cut may be next.

“We are very mindful… of what the risks are,” Powell said after the Fed held its target range for short-term rates steady at 2.25 percent to 2.5 percent. “We don’t see data coming in that suggests we should move in either direction… We should remain patient and let the situation clarify over time; when the time comes, we will act appropriately.”

DOWN IN THE DUMPS?

At least nine and perhaps as many as 15 of the Fed’s 17 policymakers slashed their interest rate forecasts, with most seeing no rate hikes this year. As a group they now believe the economy has lost perhaps a third of its momentum compared with last year, and will grow around 2.1 percent in 2019.

What about the idea they would need to boost rates high enough to brake growth and actually curb inflation, a feature of their outlook in 2018? A thing of the past.

If anything, the Fed’s concern has shifted in the other direction, toward inflation remaining so low it undermines business and household expectations about the future, another potential drag on growth if either sector becomes more cautious in spending.

To some analysts, the abrupt revisions sound like a warning.

“What does the Fed know that it’s not saying?” asked Marvin Loh, global macro strategist at State Street.

“I think we are bracing for another shoe to drop,” said Scott Anderson, chief economist at Bank of the West in San Francisco.

That was also the view of financial markets, with short-term interest-rate futures quickly pricing in a rate cut next year.

Powell noted risks to his positive outlook include a slowdown in Europe and ongoing trade tensions with China.

RISK OF THE LESS-LIKELY OUTCOME

To others, however, it seemed like confirmation of an inconvenient truth: that global growth may have peaked, leaving countries stuck in slow-growth mode and reliant on fiscal policy to keep from grinding to a halt. In addition, they will have to carry the load of recovery should a recession occur.

“Even once this episode is past, what do things look like? In the Fed’s view it is a world of sub-2 percent growth” over the long run, said Nathan Sheets, chief economist at PGIM Fixed Income and a former U.S. Treasury official. “By U.S. historical standards, it is not great.”

Central banks in Japan and Europe are in a similar fix, fueling a global debate about whether, given chronically low interest rates, it makes sense for larger and economically more dynamic nations to borrow more for investments in infrastructure, education, climate adaptation and other endeavors that would have a clear public return.

“It is a different world,” former International Monetary Fund Chief Economist Olivier Blanchard said in a meeting with reporters recently at the Peterson Institute for International Economics. “We are going to be in a world where monetary policy is highly constrained and fiscal (policy) will become central.”

Originally skeptical of the secular stagnation argument that low growth in developed nations is hardwired into the long-term outlook by aging populations that over-save, he said he now views that as the “more likely” state of affairs.

The issue now is whether the current slow-growth expansion will continue indefinitely in the hoped-for “soft landing” that the Fed foresees in its current projections.

There are arguments to the contrary. The recently released Economic Report of the President projected growth will remain near 3 percent this year and could edge up in coming years if, for example, the now-temporary household tax cuts approved in 2017 are made permanent. Resolution of current global trade frictions could also raise the global outlook.

But 2018, a year that began with U.S. and world officials heralding an era of synchronized global growth, may also prove the outlier.

Said Bank of the West’s Anderson: “Even with the U.S. pausing, it might not be enough to stop a global downturn.”

(Reporting by Ann Saphir and Howard Schneider; Editing by Dan Burns and Dan Grebler)

Source: OANN

0 0

NBA roundup: Nuggets survive Thunder, win 5th straight

NBA: Oklahoma City Thunder at Denver Nuggets
Feb 26, 2019; Denver, CO, USA; Denver Nuggets center Nikola Jokic (15) reacts after a play in the second quarter against the Oklahoma City Thunder at the Pepsi Center. Mandatory Credit: Isaiah J. Downing-USA TODAY Sports

February 27, 2019

Nikola Jokic had 36 points, 10 assists and nine rebounds, Will Barton scored 23 points, and the host Denver Nuggets beat the Oklahoma City Thunder 121-112 on Tuesday night.

Jamal Murray added 20 points and Paul Millsap finished with 12 points and 10 rebounds to help Denver win its fifth straight. The Nuggets have won each of their first three matchups against Oklahoma City this season.

Russell Westbrook had 22 points, 14 rebounds and nine assists, and Paul George added 25 points, eight rebounds, seven assists and six steals for Oklahoma City. Jerami Grant contributed 21 points for the Thunder, who have lost three of their past four.

The Nuggets held a 13-point lead early in the fourth quarter before Oklahoma City came storming back to take a three-point lead. Then Denver responded to the run with one of its own. Millsap hit two free throws, and Murray followed a Thunder miss with a corner 3-pointer to give the Nuggets the lead again. Millsap hit a layup and split two free throws to make it 105-101 with 4:19 left.

Raptors 118, Celtics 95

Pascal Siakam scored 25 points and grabbed eight rebounds to help Toronto defeat visiting Boston.

Kawhi Leonard added 21 points and six rebounds for the Raptors, who have won eight straight home games against the Celtics and eight of their past nine games overall.

Marcus Morris had 17 points and six rebounds for the Celtics, who have lost three in a row and five of their past seven.

Knicks 108, Magic 103

Emmanuel Mudiay scored 19 points to lead a big night from the reserves as New York overcame a 16-point deficit to record a victory over visiting Orlando.

The Knicks won consecutive games for the only time this season other than a three-game stretch in late November. They posted a second straight home victory after a team-record, 18-game home losing streak.

Rookie Allonzo Trier scored 12 of his 18 in the fourth while first-year center Mitchell Robinson finished with a career-best 17 points, 14 rebounds, six blocks and three steals for New York. Aaron Gordon and Nikola Vucevic scored 26 points apiece for Orlando, which lost for the third time in its past 11 games.

–Field Level Media

Source: OANN

0 0

Facebook down for some users: Downdetector.com

FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of the Facebook logo in this picture illustration
FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of the Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

April 14, 2019

(Reuters) – Facebook Inc’s social networking site is inaccessible to some users across the world on Sunday, according to Downdetector.com, a website which monitors outages.

The outage tracking website showed that there are more than 9000 incidents of people reporting issues with Facebook.

Downdetector.com’s live outage map showed that the issues mainly cropped up in Europe.

Separately, Downdetector.com also showed that there were issues with WhatsApp and Instagram, but with relatively lower count of outage reports.

Facebook had experienced one of its longest outages in March, when some users around the globe faced trouble accessing Facebook, Instagram and WhatsApp for over 24 hours.

(Reporting by Akshay Balan in Bengaluru)

Source: OANN

0 0

German economy likely grew moderately in first-quarter: Economy Ministry

FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg
FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer/File Photo

March 14, 2019

BERLIN (Reuters) – The German economy had a subdued start to 2019 and probably grew moderately in the first quarter, the Economy Ministry said on Thursday, warning that the industrial sector was likely to remain weak due to sluggish demand from abroad.

“The economy has got into turbulent waters due to higher risks and uncertainties in the external environment,” the ministry said in its monthly report.

(Reporting by Michelle Martin)

Source: OANN

0 0

As 2020 candidates turn left, some Democrats worry about the center

FILE PHOTO: Representative-elect Alexandria Ocasio-Cortez (D-NY) takes selfie with Jackson Lee as the U.S. House of Representatives meets for the start of the 116th Congressin Washington
FILE PHOTO: Representative-elect Alexandria Ocasio-Cortez (D-NY) takes a selfie photo with U.S. Rep. Sheila Jackson Lee (D-TX) as the U.S. House of Representatives meets for the start of the 116th Congress inside the House Chamber on Capitol Hill in Washington, U.S., January 3, 2019. REUTERS/Kevin Lamarque/File Photo

February 23, 2019

By James Oliphant

WASHINGTON (Reuters) – Liberal Democratic presidential contenders’ rush to embrace the left’s most ambitious proposals has some Democrats worried there could be a price to pay when they try to defeat President Donald Trump next year.

Party activists have been energized as Cory Booker, Kirsten Gillibrand, Kamala Harris and other candidates endorsed plans to provide Medicare coverage to every American, some form of tuition-free college, a national $15 minimum wage and the so-called “Green New Deal” advocated by U.S. Representative Alexandria Ocasio-Cortez.

But Trump and his allies in the Republican Party have seized on those stances to attack the Democratic 2020 field as outside the American political mainstream — a claim the president plans to make throughout his re-election campaign, according to sources with knowledge of his strategy.

Some Democrats fear the argument has potency. They worry the primary may produce a nominee who will not appeal to centrist working and middle-class voters who voted for Trump in 2016 but whom Democrats believe they can win back.

“The big progressive programs are popular in a caucus or primary electorate, but probably don’t move the needle among voters who want to find someone who will change Washington by tilting the system to favor people in the middle — not the very rich or the very poor,” said Jeff Link, an Iowa Democrat who worked for former President Barack Obama’s campaign.

A person familiar with the president’s thinking told Reuters that Trump had been looking for a “big contrast issue” to help power his 2020 bid.

His last Democratic opponent, Hillary Clinton, was widely known to the voting public before her campaign. This time, Trump may face someone new to the national stage, and he is looking to brand that candidate before she or he emerges as the nominee.

In recent speeches, including his State of the Union address and again this week in Florida, a key 2020 battleground, Trump used the crisis in Venezuela to equate Democrats with socialists.

“There’s no question this is a deliberate strategy on his part,” said Matt Bennett, a political analyst with Third Way, a Democratic centrist think-tank. “It is a bit scary to think about what it could do to us in a close, tough election next year.”

GOING GREEN

Democrats have already seen the risks of catering to progressives.

Senators Booker of New Jersey, Harris of California, Gillibrand of New York and Elizabeth Warren of Massachusetts almost immediately backed Ocasio-Cortez’s push earlier this month for the Green New Deal, a sweeping 10-year blueprint for combating climate change that involves reducing carbon emissions and retrofitting infrastructure.

Senator Bernie Sanders, a Democratic socialist who announced this week he is running for president a second time, plans to introduce his own version of the climate plan.

Ocasio-Cortez, who has enjoyed disproportionate influence for a first-term congresswoman because of her social media presence, was forced to backtrack when an information sheet contained policy goals not in the plan, including doing away with nuclear power and airplanes and providing income to Americans “unwilling to work.”

That didn’t stop Trump and other Republicans from treating those goals as fact, suggesting that Democrats want to destroy air travel and expand the welfare rolls.

Republicans also jumped on Ocasio-Cortez’s proposal to hike the marginal tax rate to 70 percent as a way to finance her environmental initiative. Even so, Warren followed by suggesting a “wealth tax” on Americans with large fortunes to help finance her child-care plan.

Democrats are “afraid to tell their base what is practical” and instead are offering policies that have little chance of being enacted, said Bryan Lanza, a former campaign aide to Trump who regularly defends the president on cable news.

Recent Democratic presidential nominees such as Clinton, Obama and John Kerry ran as centrists. This is the first election in the modern era, Lanza said, in which progressives “are sucking up all the oxygen and energy.”

Democrats as a whole, however, have been moving in a more leftward direction for years. According to Gallup polling, the number of Democrats who identify themselves as “liberal” has risen from 32 percent in 2001 to 46 percent as of 2018.

That shift has largely been among white, highly educated Democrats. African-American and Hispanic voters remain more moderate — which could present a challenge as the party tries to mobilize those groups to vote in greater numbers.

So far, the moderate wing of the party is under-represented in the 2020 field. Some Democratic strategists are concerned the party did not heed the lesson from last year’s congressional elections, when it took power in the U.S. House of Representatives largely through moderate candidates who won over suburban voters by focusing on “kitchen-table” issues such as coverage for preexisting medical conditions.

Senator Amy Klobuchar of Minnesota is one of the few Democrats in the presidential field to push back at the progressive agenda. At a CNN town hall this week, she called the Green New Deal “aspirational” and suggested Medicare for all was only a potential long-term goal.

John Delaney, a former Maryland congressman and a centrist who has gotten little traction as a presidential contender, this week said the 2020 primary “is going to be a choice between socialism and a more just form of capitalism.”

Antjuan Seawright, a Democratic strategist in the early primary state of South Carolina, said candidates must soon balance sweeping agendas with more pragmatic proposals.

“It has to be a mixed bag of what makes sense and will not cause us long-term political damage,’ he said.

(Reporting by James Oliphant; Editing by Colleen Jenkins and Cynthia Osterman)

Source: OANN

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist