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Nissan to oppose having same chair as Renault: FT

The Nissan logo is seen at Nissan car plant in Sunderland
The Nissan logo is seen at Nissan car plant in Sunderland, Britain February 4, 2019. REUTERS/Phil Noble

February 20, 2019

(Reuters) – Nissan Motor Co Ltd’s independent committee on governance is expected to recommend against the company having the same chairman as Renault SA, the Financial Times reported on Wednesday, citing people with knowledge of the discussions.

Renault and its largest shareholder French state are pushing for Jean-Dominique Senard to take up the chairmanship at the Japanese company, the report said.

Senard was appointed chairman of the French automaker in late January, and is also expected to be named to Nissan’s board, given Renault’s 43 percent stake. The Japanese automaker holds a 15 percent, non-voting stake in the French firm.

Renault and Nissan were not immediately available for comments.

(Reporting by Akshay Balan in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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Mozambique confirms 138 cholera cases after cyclone strikes Beira

A motorcyclist rides through pools of water in the aftermath of Cyclone Idai in Beira
A motorcyclist rides through pools of water in the aftermath of Cyclone Idai in Beira, Mozambique, March 28, 2019. REUTERS/Mike Hutchings

March 29, 2019

BEIRA, Mozambique (Reuters) – There have been 138 cases of cholera confirmed in two neighborhoods of the wrecked Mozambican port city of Beira in the wake of Cyclone Idai, the government said on Friday.

“We expected this, we were prepared for this, we’ve doctors in place,” Land and Environment Minister Celso Correia said.

Although there have been no confirmed cholera deaths in medical centers yet, at least two people died outside hospitals with symptoms including dehydration and diarrhea, Correia said.

(Reporting by Stephen Eisenhammer; Writing Alexander Winning; Editing by Robin Pomeroy)

Source: OANN

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Snooker: ‘Rocket’ O’Sullivan blasts to 1,000th century break

FILE PHOTO: Snooker player Ronnie O'Sullivan poses after receiving an OBE from the Prince of Wales at an investiture ceremony at Buckingham Palace in London
FILE PHOTO: Snooker player Ronnie O'Sullivan poses after receiving an OBE from the Prince of Wales at an investiture ceremony at Buckingham Palace in London, Britain May 6, 2016. REUTERS/John Stillwell/Pool/File Photo

March 10, 2019

LONDON (Reuters) – Ronnie O’Sullivan recorded a memorable snooker landmark on Sunday when he became the first player ever to compile 1,000 career century breaks en route to winning the Players Championship final in Preston.

The English five-times world champion, the most gifted and arguably greatest cueman the game has known, recorded the three 100-plus breaks in his 10-4 victory over Australian Neil Robertson that he needed to reach the milestone.

The player known throughout snooker as “the Rocket” made breaks of 116 and 105 as he shot into a 7-2 lead at the end of the first session before achieving the landmark, fittingly, in the final frame with a 134 to retain his title.

A measure of the 43-year-old’s achievement in his 50th career final is that Scottish players Stephen Hendry (775) and John Higgins (745) are the only others in the history of snooker to have passed 700.

“It’s great for snooker fans all over the world, but those in Preston tonight, they’re lucky,” O’Sullivan said afterwards. “It’s a great pleasure for me.”

Typically, the master showman O’Sullivan marked the landmark moment in style.

As he prepared to pot the red ball that would take him to the thousandth century, the ambidextrous player switched to stroke the ball left-handed into the center of the pocket.

It was his 35th title, achieved at the same Preston Guild Hall venue where he won his first in 1993 when he beat Hendry in the UK Championship final.

(Writing by Ken Ferris; Editing by Ian Chadband)

Source: OANN

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Whoopi Goldberg Defends Biden: ‘I Don’t Want Joe to Stop’ Kissing and Smelling Women’s Hair

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In Cuba, Obama’s detente becomes history as Trump threatens

People pass by images depicting Venezuela's late president Chavez and late revolutionary hero
People pass by images depicting Venezuela's late president Hugo Chavez (L), with words that read "The best friend of Cuba", and late revolutionary hero Ernesto "Che" Guevara, in downtown Havana, Cuba, March 13, 2019. REUTERS/Alexandre Meneghini

March 14, 2019

By Marc Frank

HAVANA (Reuters) – Cuba has jettisoned rhetorical restraint toward the United States and is broadcasting footage of military defense exercises in the face of threats and new sanctions from the administration of President Donald Trump.

The island nation had turned the other cheek over the last two years in the face of Trump’s efforts to end a detente initiated by former President Barack Obama. Local experts said Havana was eager to salvage what it could of improved relations and not be blamed for their deterioration.

Not anymore, as the United States is increasingly blaming Cuba’s Communist government for the political crisis in its left-leaning ally Venezuela and piling new sanctions onto the decades-old trade embargo.

Every day last week, the nightly newscast of Cuban state television showed footage of Soviet-era tanks rolling out from mountain caves, soldiers manning anti-aircraft missile batteries, spandex-clad women shooting rifles and factory workers taking up positions around their plants.

Cuba has always insisted defense preparations are the best way to maintain the peace with the United States and state television described the images as training for “The War of the Whole People.”

Relations between Washington and Havana have nosedived since National Security Adviser John Bolton said in November the United States would no longer appease what he called Latin America’s `troika of tyranny` – Cuba, Venezuela and Nicaragua.

Few international observers believe the United states has any intention of attacking the Caribbean island, with which it has tense relations since Fidel Castro’s 1959 Revolution. Most view Havana’s military exercises as a way to rally nationalist sentiment.

“The message being sent is for the United States and Cuban population at home,” said Hal Klepak, a Canadian military historian who has written extensively on the Cuban armed forces.

Klepak said, however, the Cuban armed forces take a U.S. military threat against Venezuela very seriously and in worst case scenario planning can not discount a spill-over toward the island.

“Preparations of a very limited kind are being made and the population brought up to speed, both to emphasize the seriousness of the moment and to stiffen popular resolve,” he said.

CHANGE OF TONE

An abrupt change in Cuban rhetoric came last month when President Miguel Diaz-Canel, who replaced Raul Castro a year ago, denounced a speech by Trump as “high-handed, cynical, immoral, threatening, offensive, interfering, hypocritical, warlike and dirty.”

That has set the tone for official rhetoric since then.

In his Florida speech, Trump had launched a broad attack on socialism and pledged to free the hemisphere from communism. He branded Venezuelan President Nicholas Maduro a “Cuban puppet” and “a man controlled by the Cuban military and protected by a private army of Cuban soldiers.“

Cuba has furnished tens of thousands of doctors, educators and other technical assistance including intelligence and military assistance to Venezuela’s socialist government since the time of Maduro’s predecessor, the late Hugo Chavez, who forged close ties with Fidel Castro. Venezuela in turn has provided Cuba with heavily subsidized crude oil.

Since Trump’s speech, senior U.S. officials have denounced Cuba’s role in Venezuela on an almost daily basis, stirring an angry response in Havana.

U.S. Secretary of State Mike Pompeo provoked a quick tweet from his Cuban peer, Bruno Rodriguez, on Monday.

“Sec. of State makes a fool of himself when saying ‘Cuba is true imperialist power in Vzla.’ His gov. plundered Vzla for 2 centuries … fabricated ‘self-proclaimed’ president,” Rodriguez said.

The United States led the way in recognizing opposition leader Juan Guaido as the legitimate president of Venezuela in January – a move followed by dozens of other nations.

The U.S. administration’s decision this month to partially implement Title III of the Helms-Burton Act, a 1996 law, has added fuel to the fire.

Title I and II codify all previous sanctions into law and set conditions that must be met for Congress to lift them.

But previous presidents, both Republican and Democrat, suspended Title III, which allows U.S. citizens, including Cuban-Americans, to sue anyone profiting from their nationalized or confiscated properties. The presidents stopped short because of opposition from foreign governments and fear thousands of lawsuits would clog U.S. courts.

The Trump administration will consider further implementation in April.

Now, not a day goes by without the official Cuban media denouncing the Trump administration and the Helms-Burton Act, which it charges was written by exiles out to reclaim their land and people’s homes and schools to boot.

The return to Cold War rhetoric and new sanctions has disappointed many Cubans for whom the detente had raised hopes the United States might soon lift its crippling embargo on the beleaguered economy and the two countries might normalize relations.

“When Obama was in the presidency, we dreamed of an opening that would make things work better, in a healthier, more pleasant way between the two countries,” said retiree Julia Porrata, who sells used books in the colonial sector of Havana.

“That hope we had is gone,” she said.

(Reporting by Marc Frank; Editing by Daniel Flynn and Steve Orlofsky)

Source: OANN

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Delta CEO says confident Boeing will solve 737 MAX issues

FILE PHOTO: Ed Bastian, CEO of Delta Air Lines, speaks during a keynote address at the 2019 CES in Las Vegas
FILE PHOTO: Ed Bastian, CEO of Delta Air Lines, speaks during a keynote address at the 2019 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S. January 8, 2019. REUTERS/Steve Marcus/File Photo

April 9, 2019

ATLANTA (Reuters) – Delta Air Lines Inc Chief Executive Officer Ed Bastian said on Tuesday he was confident U.S. planemaker Boeing Co will solve issues related to its 737 MAX in the wake of two deadly crashes involving that airplane type.

Bastian, speaking at an aviation conference in Atlanta, also said Delta was “very interested” in Boeing’s proposed new mid-market airplane, though he said the world’s largest planemaker has put its focus into dealing with the crisis surrounding the MAX first.

(Reporting by Eric M. Johnson; Editing by Chizu Nomiyama)

Source: OANN

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Trump plans to nominate Jeffrey Rosen as deputy U.S. attorney general: senior official

FILE PHOTO: U.S. President Donald Trump participates in a roundtable discussion at the Department of Transportation in Washington
FILE PHOTO: U.S. President Donald Trump (2NDR) participates in a roundtable discussion with Deputy Transportation Secretary Jeff Rosen (L), Transportation Secretary Elaine Chao and Walter Waidelich (R) at the Department of Transportation in Washington, U.S. June 9, 2017. REUTERS/Jonathan Ernst/File Photo

February 20, 2019

By Steve Holland

WASHINGTON (Reuters) – President Donald Trump plans to nominate Jeffrey Rosen as the next deputy U.S. attorney general, a senior administration official said on Tuesday night.

Rosen, currently deputy secretary of the U.S. Department of Transportation, would succeed Rod Rosenstein, who appointed a special counsel to investigate possible ties between Russia and President Donald Trump’s campaign.

Rosenstein is expected to step down by mid-March, a Justice Department official said on Monday.

Attorney General William Barr welcomed the choice of the new deputy, saying in a statement that Rosen had 35 years of experience at the highest levels of government and in the private sector.

“His years of outstanding legal and management experience make him an excellent choice to succeed Deputy Attorney General Rod Rosenstein, who has served the Department of Justice over many years with dedication and distinction,” Barr said.

Transportation Secretary Elaine Chao said Rosen had played a critical role in her department.

“I will be sorry to lose him, but I am confident that he is the right lawyer to help the new Attorney General succeed at the Justice Department, for the benefit of the American people,” she said in a statement.

Rosen’s nomination must be confirmed by the U.S. Senate.

(Reporting by Steve Holland; Editing by Sandra Maler and Peter Cooney)

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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