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U.S. bank regulator reprimands Japan’s MUFG over money-laundering lapses

FILE PHOTO: FILE PHOTO: Otting speaks after being sworn in as Comptroller of the Currency in Washington
FILE PHOTO: Joseph M. Otting speaks after being sworn in as Comptroller of the Currency in Washington, U.S., November 27, 2017. REUTERS/Joshua Roberts/File Photo/File Photo

February 22, 2019

WASHINGTON (Reuters) – The U.S. Office of the Comptroller of the Currency (OCC) said on Friday that it had reprimanded MUFG Bank, Ltd. for lapses in its anti money-laundering controls, and other compliance issues, at its New York, Chicago and Los Angeles branches.

The Tokyo-based bank did not accept or deny the charges dating back to 2016. The bank has agreed “to take comprehensive corrective actions to improve their…compliance program,” the OCC said in a statement.

(Reporting by Katanga Johnson; Editing by Michelle Price and Chizu Nomiyama)

Source: OANN

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Dem Mayor Buttigieg: Both Parties’ Ideology ‘Scrambled’

Democrat presidential primary contender Mayor Pete Buttigieg on Sunday called out both parties and President Donald Trump for having a “scrambled” ideology that’s turned Washington into a “mesmerizing horror show.”

In an interview on NBC News’ “Meet The Press," the South Bend, Ind., mayor touted his qualifications for the nation’s highest office as one about “quality as well as quantity in experience. I think you can also see pretty clearly that I’m about as different from this president as it gets.”

“There’s a lot more to this than an ideological analysis especially with the ideology in our country so scrambled,” he said. “Having a president who doesn’t even have an ideology, just a style undertaking a hostile takeover of the Republican Party, while the Democratic Party has only been able to explain its ideological commitments by comparing itself to the Republicans.”

Buttigieg said he want to “change the channel” in Washington.

“You have this moment, probably the only moment in American history, where it just might make sense for somebody my age, coming from experience in the industrial Midwest, non-federal, different background, bringing something that will actually help Americans envision the world as it'll be in 2054, the year that I will reach the current age of the current president, and just change the channel from this mesmerizing horror show that’s going on in Washington right now.”

Source: NewsMax Politics

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Iran carrier begins direct flights to Venezuela

Iran's second largest airline has begun direct flights to Venezuela, as the two countries cultivate closer ties in the face of U.S. sanctions.

Iran's official IRNA news agency says Mahan airline's first flight to Venezuela left Tehran on Monday carrying a Foreign Ministry delegation.

The United States blacklisted Mahan in 2011 after accusing it of providing support to the Quds Force, an elite unit of Iran's Revolutionary Guard. The carrier recently halted flights to Germany and France due to U.S. sanctions over its alleged military transport flights to Syria, where Iran supports President Bashar Assad's forces.

President Donald Trump restored tough sanctions on Iran after withdrawing from the 2015 nuclear agreement last year, and has increased sanctions on Venezuela to pressure the government to hand over power to the opposition.

Source: Fox News World

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Kushner Responds to Comedian’s Jab About Saudi Prince MBS

Senior White House adviser Jared Kushner responded to a comedian's apparent taunt regarding an issue in Saudi Arabia by saying he is "privately" applying pressure on Saudi leadership over human rights issues.

The day after comedian Hasan Minhaj called out Kushner — who was seated in the back of the room — during a speech Tuesday night for having a direct line to Saudi Crown Prince Mohammad Bin Salman Al Saud, Kushner issued a response to Page Six.

Kushner told the outlet he is working on "advancing America's interests in the region" and admitted he has spoken directly with Bin Salman about the murder of Saudi dissident journalist Jamal Khashoggi.

Minhaj's comment was in reference to Loujain al-Hathloul, who along with other Saudi women have been detained for activism. Some of them have been beaten and tortured while in prison.

"I will continue to put pressure on privately," Kushner said.

Kushner was then asked if Bin Salman would take action, to which he replied, "We'll see."

During a speech at the Time 100 Summit, Minhaj said, "I know there's a lot of very powerful people here, and it would be crazy if there was a high-ranking official in the White House that could WhatsApp MBS and say, 'Hey, maybe you could help that person get out of prison because they don't deserve it.' But, hey, that person would have to be in the room. It's just a good comedy premise."

It has been reported Kushner speaks with foreign leaders such as Bin Salman on WhatsApp, a Facebook-owned app on which users communicate via encrypted messages.

Source: NewsMax America

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Ford first-quarter profit falls, but beats Wall St. estimates

FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid

April 25, 2019

DETROIT (Reuters) – Ford Motor Co on Thursday posted lower profit for the first quarter but beat analyst estimates as pickup truck sales remained strong in its core U.S. market.

The No. 2 U.S. automaker posted a quarterly net profit of $1.15 billion, or 29 cents per share, down 34 percent from $1.74 billion, or 43 cents per share, a year earlier.

Excluding one-time items, Ford earned 44 cents per share, above analysts’ average estimate of 27 cents, according to IBES data from Refinitiv.

(Reporting by Nick Carey; Editing by Tom Brown)

Source: OANN

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Another make-or-break week for Europe?

FILE PHOTO: An anti-Brexit protester is seen among EU flags outside the Houses of Parliament in London
FILE PHOTO: An anti-Brexit protester is seen among EU flags, as Brexit wrangles continue, outside the Houses of Parliament in London, Britain, April 4, 2019. REUTERS/Henry Nicholls/File Photo

April 5, 2019

By Balazs Koranyi

FRANKFURT (Reuters) – Europe is facing yet another make-or-break week.

With an emergency EU summit over Brexit and an ECB policy meeting on the agenda, officials will be under pressure to take decisive steps to soothe concerns ahead of a set-piece gathering of the global financial elite in Washington.

But the temptation will be great to stick with the bloc’s rich tradition of just kicking the can down the road.

The deadline for Britain to leave the EU, seen as set in stone just days ago, is again in flux as both sides are openly discussing an extension, even if that means Britain must cross another red line by participating in May’s European elections.

The apparent softening of British Prime Minister Theresa May’s position suggests the end game is far from imminent.

Another EU summit muddle would, however, keep economic uncertainty at fever pitch, weighing on sentiment that is already dragging down growth across Europe and raising recession fears.

A long extension – and taking part in EU elections – also carries the risk of a Conservative Party mutiny, which could force an already weakened May out.

“Such leadership changes are always unpredictable and, in this instance could be brutal, with more centrist elements of the party struggling against a membership whose views on Brexit are increasingly hardline,” JP Morgan economic Malcolm Barr said.

But blurring the red lines suggests Britain is keen to avoid the most damaging of all outcomes – a hard Brexit.

For the EU, a longer extension also carries the benefit that Britain’s departure would not occur during the crucial month of the election campaign, which will determine who leads both the EU and, after Mario Draghi’s term ends this autumn, the European Central Bank.

Taking a hard Brexit off the table would also allow British officials to put on a brave face at the IMF’s spring meeting in Washington starting on Friday, letting the gathering focus on broader trade issues.

NARROW PATH

Still, the delay solves little in itself.

Any concession by May to win votes on a deal from Britain’s opposition Labour Party is likely to lose her Conservative MPs.

That suggests the path to any majority outcome is quite narrow, keeping the chance of an eventual no-deal Brexit uncomfortably high.

“Despite the switch to a cross-party approach, the risk of an election remains high because the path toward a successful ‘meaningful vote’ is treacherous, due to the deep divisions

within both parties,” Andrew Goodwin at Oxford Economics said.

The cost of the Brexit saga is already tangible for the EU.

Global trade tensions are weighing even more heavily, and the steady flow of bad news is keeping investment and business sentiment in a negative spiral, depressing growth for the third straight quarter.

The ECB, the bloc’s first port of call in case of growth weakness, has already eased policy, exhausting much of its firepower during years of crisis fighting. More generally, central banks lack potent tools to offset imported economic troubles.

Having already delayed a rate hike, the ECB will sit on the sidelines for now, while economists expect more easing later in the year.

“Since the main refinancing rate is already at zero percent, such easing is likely to amount to further unconventional measures,” Commerzbank said.

“We therefore expect the ECB to decide in the autumn …to promise unchanged key rates …until the end of 2020,” it added.

(Reporting by Balazs Koranyi; editing by John Stonestreet)

Source: OANN

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Lyft slips below IPO price on second day of trading

FILE PHOTO: The Lyft logo is seen on a parked Lyft Scooter in Washington
FILE PHOTO: The Lyft logo is seen on a parked Lyft Scooter in Washington, U.S., March 29, 2019. REUTERS/Brendan McDermid/File Photo

April 1, 2019

(Reuters) – Shares of ride-hailing company Lyft Inc fell as much as 10.5 percent on Monday, below its initial public offering price of $72.

The company debuted on Nasdaq on Friday, opening at $87.24, over 21 percent above its IPO price.

Brokerage Guggenheim Securities started coverage on the stock with a ‘neutral’ rating, citing lack of visibility on the path to profitability.

Shares of the company were trading down about 9.5 percent at $70.81.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Arun Koyyur)

Source: OANN

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Alex Jones – Info Wars

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Sri Lanka's former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake
Sri Lanka’s former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake, Sri Lanka April 12, 2019. REUTERS/Dinuka Liyanawatte

April 26, 2019

By Sanjeev Miglani and Shihar Aneez

COLOMBO (Reuters) – Sri Lanka’s former wartime defense chief, Gotabaya Rajapaksa, said on Friday he would run for president in elections this year and would stop the spread of Islamist extremism by rebuilding the intelligence service and surveilling citizens.

Gotabaya, as he is popularly known, is the younger brother of former President Mahinda Rajapaksa and the two led the country to a crushing defeat of separatist Tamil rebels a decade ago after a 26-year civil war.

More than 250 people were killed in bomb attacks on hotels and churches on Easter Sunday that the government has blamed on Islamist militants and that Islamic State has claimed responsibility for.

Gotabaya said the attacks could have been prevented if the island’s current government had not dismantled the intelligence network and extensive surveillance capabilities that he built up during the war and later on.

“Because the government was not prepared, that’s why you see a panic situation,” he said in an interview with Reuters.

Gotabaya said he would be a candidate “100 percent”, firming up months of speculation that he plans to run in the elections, which are due by December.

He was critical of the government’s response to the bombings. Since the attacks, the government has struggled to provide clear information about how they were staged, who was behind them and how serious the threat is from Islamic State to the country.

“Various people are blaming various people, not giving exactly the details as to what happened, even people expect the names, what organization did this, and how they came up to this level, that explanation was not given,” he said.

On Friday, President Maithripala Sirisena said the government led by premier Ranil Wickremesinghe should take responsibility for the attacks and that prior information warning of attacks was not shared with him.

Wickremesinghe said earlier he was not advised about warnings that came from India’s spy service either, presenting a picture of a government still in disarray since the two leaders fell out last October.

Gotabaya is facing lawsuits in the United States, where he is a dual citizen, over his role in the war and afterwards.

The South Africa-based International Truth and Justice Project, in partnership with U.S. law firm Hausfeld, filed a civil case in California this month against Gotabaya on behalf of a Tamil torture survivor.

In a separate case, Ahimsa Wickrematunga, the daughter of murdered investigative editor Lasantha Wickrematunga, filed a complaint for damages in the same U.S. District Court in California for allegedly instigating and authorizing the extrajudicial killing of her father.

Gotabaya said the cases were baseless and only a “little distraction” as he prepared for the election campaign. He said he had asked U.S. authorities to renounce his citizenship and that process was nearly done, clearing the way for his candidature.

‘DISMANTLE THE NETWORKS’

He said that if he won, his immediate focus would to be tackle the threat from radical Islam and to rebuild the security set-up.

“It’s a serious problem, you have to go deep into the groups, dismantle the networks,” he said, adding he would give the military a mandate to collect intelligence from the ground and to mount surveillance of groups turning to extremism.

Gotabaya said that a military intelligence cell he had set up in 2011 of 5,000 people, some of them with Arabic language skills and that was tracking the bent towards extremist ideology some of the Islamist groups were taking in eastern Sri Lanka was disbanded by the current government.

“They did not give priority to national security, there was a mix-up. They were talking about ethnic reconciliation, then they were talking about human rights issues, they were talking about individual freedoms,” he said.

President Sirisena’s government sought to forge reconciliation with minority Tamils and close the wounds of the war and launched investigations into allegations of rights abuse and torture against military officers.

Officials said many of these secret intelligence cells were disbanded because they faced allegations of abuse, including torture and extra judicial killings.

Muslims make up nearly 10 percent of Sri Lanka’s population of 22 million, which is predominantly Buddhist.

(Reporting by Sanjeev Miglani; Editing by Frances Kerry)

Source: OANN

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FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid

April 26, 2019

NEW YORK (Reuters) – The Federal Reserve may lower the interest it pays on excess reserves banks leave with it by 5 basis points at its April 30-May 1 policy meeting in a bid to prevent the federal funds rate from drifting higher, Morgan Stanley analysts said on Friday.

This would mark the third such “technical” adjustment on the interest on excess reserves (IOER) following cuts last June and December.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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In response to the news that the U.S. economy rose 3.2 percent in the first quarter of 2019, White House National Economic Council Director Larry Kudlow said that this “prosperity cycle” will continue if President Trump‘s policies stay in place.

Calling the advance in gross domestic product a “blow-out number,” Kudlow told “America’s Newsroom” Friday that it serves as concrete proof Trump’s measures to grow the economy have been successful.

“I’ll just say, Trump’s policies to rebuild the economy, lower taxes, regulations, opening energy, trade reform. Look, this stuff is working,” he said.

“It tells me, among other things, that the prosperity cycle we have entered into is continuing, it is strong. It has legs and momentum and frankly it is going to go on for quite some time,” he continued. “This is the new Trump economy. Some people don’t like that or they don’t agree with that. I respect the differences but I’ll tell you it’s working.”

STUART VARNEY: THANKS TO TRUMP, AMERICANS ARE FEELING BETTER ABOUT THEIR FINANCES

39 MILLION ADULTS CANNOT AFFORD A SUMMER VACATION

Kudlow added that Trump has “ended the war” on business and success, and is rallying for the small business owners of America.

“The president is rebuilding incentives, he is rebuilding confidence, he the rebuilding optimism,” he said. “He is basically saying you should keep more of what you earn. He is basically saying to small businesses we’ll cut the paperwork back and make it easier for you to start a business and prosper.”

CLICK HERE TO GET THE FOX NEWS APP

Kudlow said the Trump administration is also working with House Speaker Nancy Pelosi and other Democratic leaders to implement bipartisan deals to ensure the continuation of the GDP’s success.

“If the policies and the principles remain in place — and I believe they will — then I believe this new prosperity expansion cycle is going to go on for a whole bunch of more years,” he said.

Source: Fox News Politics

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Tennis - Australian Open - Women's Singles Final
FILE PHOTO: Tennis – Australian Open – Women’s Singles Final – Melbourne Park, Melbourne, Australia, January 26, 2019. Japan’s Naomi Osaka attends a news conference after winning her match against Czech Republic’s Petra Kvitova. REUTERS/Adnan Abidi

April 26, 2019

(Reuters) – World number one Naomi Osaka came from behind in the final set to beat Croatian Donna Vekic 6-3 4-6 7-6(4) on Friday and move into the Porsche Tennis Grand Prix semi-finals.

Osaka comfortably won the opening set but was tested by the Croatian, who pushed her to the limit in the second and third. The Japanese made 45 unforced errors as she struggles to get to grips with swapping hard courts for clay.

Osaka was visibly frustrated and trailed 5-1 in the final set but she refused to give up and found her rhythm to break Vekic twice and prevent her from serving for the match.

In the tiebreaker, a confident Osaka upped her baseline game and had two early mini breaks before wrapping up the match in two hours and 18 minutes. An infuriated Vekic even smashed her racket after losing the match.

“I told myself I didn’t want to have any regrets here,” Osaka said. “I was stressed out when I went down 1-5… but this (comeback) was pretty good because I don’t play really well on clay.”

Earlier, world number three Petra Kvitova came back from a set down to beat Anastasija Sevastova 2-6 6-2 6-3 and move into the tournament’s semi-finals for the third time in her career.

Sevastova had a dream start, breaking Kvitova twice to take a 3-0 lead as the Czech struggled with her first serve. Kvitova also made a slew of unforced errors, with many of her returns going long.

Sevastova used the full width of the court to get the better of Kvitova, who played on the back foot for much of the first set as the Latvian gave her little time to catch her breath.

However, Kvitova recovered in the second set and she broke Sevastova’s serve when she was 3-2 up, winning 10 straight points to take a 5-2 lead. Sevastova looked shaken and was broken again to give Kvitova the second set.

Kvitova took command in the final set and broke a visibly upset Sevastova to take a 3-1 lead before easing into the semis.

“In the first set I missed almost everything. I was pretty slow and she just couldn’t miss,” Kvitova said. “In the second set it was very important for me to stay on my serve and the chance to break her came.”

Kiki Bertens plays Angelique Kerber later on Friday and Victoria Azarenka faces Anett Kontaveit in the last quarter-final.

(Reporting by Rohith Nair in Bengaluru, editing by Ed Osmond)

Source: OANN

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President Donald Trump says he feels “young” and “vibrant” at age 72 and thinks he can beat 76-year-old Joe Biden “easily.”

A reporter asked Trump at the White House on Friday how old is too old to be president of the United States.

Trump said: “I just feel like a young man. I’m so young. I can’t believe it. … I’m a young vibrant man.”

Then he smiled and said he’s not sure about Democratic presidential contender Biden, the second-oldest contender in the race behind Bernie Sanders.

Trump said: “I look at Joe. I don’t know about him.”

Biden, in an interview on ABC’s “The View,” joked in response that if Trump “looks young and vibrant compared to me, I should probably go home.”

Source: NewsMax Politics

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