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Renault aims to restart Nissan merger talks within 12 months: FT

FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler/File Photo

March 27, 2019

(Reuters) – France’s Renault SA intends to restart merger talks with Japanese automaker Nissan Motor Co Ltd within 12 months, after which it will set sight on a bid to buy Fiat Chrysler Automobiles NV, the Financial Times reported on Wednesday, citing sources.

Renault and Fiat did not immediately respond to Reuters’ requests for comments. Nissan said it did not comment on rumors.

(Reporting by Kanishka Singh in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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Attackers raid family party, kill 13 in Mexico

Police in eastern Mexico say gunmen broke into a family party and opened fire, killing 13 people and wounding at least four others.

The Veracruz state Public Security Department says seven men, five women and a child were killed in the Friday night attack at an events hall in the oil city of Minatitlan near the Gulf of Mexico.

A department statement says the attackers asked for a man called "El Beky," who apparently owns a bar in the city. It's not clear if he was among the dead. Officials say they don't yet know a motive for the shooting.

Federal and state police set up checkpoints in the region to help in the search for the attackers.

Source: Fox News World

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New Japan era name echoes PM Abe’s national pride agenda

Japan's Prime Minister Shinzo Abe delivers a press conference standing next to the calligraphy 'Reiwa' which was chosen as the new era name at the prime minister's office in Tokyo
Japan's Prime Minister Shinzo Abe delivers a press conference standing next to the calligraphy 'Reiwa' which was chosen as the new era name at the prime minister's office in Tokyo, Japan, April 1, 2019. Franck Robichon/Pool via Reuters

April 1, 2019

By Linda Sieg

TOKYO (Reuters) – Japan on Monday unveiled a new name for the imperial era that begins on May 1, drawing from an ancient Japanese text for the first time, echoing Prime Minister Shinzo Abe’s conservative agenda that aims to bolster national pride.

The name “Reiwa” for the new era when Crown Prince Naruhito becomes emperor, comes from two Chinese characters, the first meaning “good” or “beautiful” as well as “order” or “command” and the second meaning “peace” or “harmony”.

The characters were taken from the Manyoshu, an ancient collection of Japanese poetry, in a break with the tradition of selections from ancient Chinese texts.

The name implied “culture is born and nourished when people’s hearts are drawn beautifully together,” Abe told a news conference.

Asked the significance of its selection from a Japanese classical text, Abe said: “It is a collection which expresses our nation’s rich culture, which we should take pride in, along with our nation’s beautiful nature.

“We believe this national character should be passed along to the next era.”

Abe returned to office in 2012 after abruptly resigning in 2007 following a year plagued by scandals and stalled politics.

He rode a wave of popularity sparked mainly by a pledge to revive the stagnant economy, but has also long favored a conservative agenda aimed at restoring traditional values such as group harmony and pride in Japanese history and culture.

“His (Abe’s) interpretation echoes his calls for Japan to be proud of its roots and its tradition,” said Koichi Nakano, a professor of political science at Sophia University.

“He wants Japan to be proud of their country and this was seen as an opportunity to boost that.”

Japan imported the imperial calendar system from China about 1,300 years ago. There have been four era names in the modern period: Meiji, Taisho (1912-1926), Showa (1926-1989) and the current Heisei, which means “achieving peace”.

“It was unexpected that it (Reiwa) was taken from the Manyoshu, but it expresses Japanese culture in ‘kanji’ (characters),” said Isao Tokoro, a professor emeritus at Kyoto Sangyo University.

“It means ‘to get along well’ and ‘to be tender’ and shows an important value for 21st century Japan and the world.”

(Additional reporting by Ami Miyazaki and Yoshifumi Takemoto; Editing by Clarence Fernandez)

Source: OANN

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F1’s Williams target Wednesday new car track debut

Williams' driver Robert Kubica poses during a news conference with Poland's biggest oil refiner PKN Orlen on their cooperation in the Formula One in Warsaw
FILE PHOTO: Williams' driver Robert Kubica poses during a news conference with Poland's biggest oil refiner PKN Orlen on their cooperation in the Formula One in Warsaw, Poland, January 29, 2019. REUTERS/Kacper Pempel

February 19, 2019

By Alan Baldwin

BARCELONA (Reuters) – Williams could finally get their troubled new Formula One car on track on Wednesday, five days later than planned and well behind rivals already pounding out laps in testing.

The former champions, who finished last overall in 2018 and have shed a number of sponsors, had planned to debut the car last Saturday for a limited mileage filming session at Barcelona’s Circuit de Catalunya.

That deadline slipped because the FW42 was not ready and Williams were then the only team unable to make the start of official pre-season testing on Monday.

A Williams spokeswoman said the car was now expected to arrive at the circuit between 0300-0400 GMT on Wednesday but was unlikely to run in the morning session that starts at 0800 GMT.

“Obviously there will still be a fair amount to do but we will be working as fast as we can,” she added.

The first pre-season test ends on Thursday with a further four days next week before the teams head out for the opening race in Australia on March 17.

The lack of testing time is a big setback for a team hoping to clamber back from one of their worst ever seasons and pinning their hopes on coming up with a much better car than the woeful one produced last year.

Williams, who took nine constructor’s titles and seven driver’s crowns during their glory years between 1980 and 1997, scored only seven points from 21 races last year.

The inability to produce the car on time has raised questions about the future of technical head Paddy Lowe, who joined in 2017 from champions Mercedes and is the man ultimately responsible for delivering it.

The Formula One website reported fears that the new car, based on data simulations, could also be almost two seconds slower than its closest rival when it does hit the track.

Williams have not given details of why deadlines were missed, fuelling speculation that there could be a serious problem with the design that has needed fixing.

(Reporting by Alan Baldwin, editing by Alexander Smith)

Source: OANN

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Two-plane collision on Los Angeles runway kills pilot, leaves one person injured

A two-plane collision on a Los Angeles-area runway Wednesday evening killed one person and injured another.

Authorities said a single-engine North American T-28 hit another plane “under unknown circumstances” at the Compton-Woodley Airport, a county-owned general aviation airport located southwest of Compton and a few miles from Los Angeles International Airport.

FAA GROUNDS BOEING 737 MAX 8, 737 MAX 9 PLANES FOLLOWING DEADLY ETHIOPIAN AIRLINES CRASH

Ian Gregor of the Federal Aviation Administration said the collision caused the other aircraft – a single-engine Cessna-type aircraft – to catch fire.

One of the pilots died after reportedly being flung from a plane. The other person involved in the crash was rushed to the hospital, but that person's condition remains unknown.

COUNTRIES AND CARRIERS AROUND GLOBE GROUND BOEING 737 MAX

Firefighters had extinguished a fire caused by the crash by the time deputies arrived, the Sheriff's office told FOX11.

The FAA and National Transportation Safety Board will investigate the crash. The crash site has reportedly been secured by Compton Sheriff’s Station patrol deputies.

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A pilot was killed at the same area back in 2015 after a single-engine plane crashed and burned on a runway as it tried to tow an advertising banner.

The Associated Press contributed to this report.

Source: Fox News National

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White House to Congress: top Trump immigration aide won’t testify

White House adviser Miller departs with U.S. President Trump on travel to Michigan from Joint Base Andrews in Maryland
White House adviser Stephen Miller walks across the tarmac to board Air Force One as he departs Washington with U.S. President Donald Trump for travel to Grand Rapids, Michigan from Joint Base Andrews, Maryland, U.S., March 28, 2019. REUTERS/Joshua Roberts

April 25, 2019

WASHINGTON (Reuters) – The White House is refusing to allow President Donald Trump’s top immigration aide to testify to Congress about the administration’s immigration policies, its latest salvo against oversight efforts by Democratic lawmakers.

In a letter on Wednesday to the House of Representatives Oversight Committee, the White House declined a request for Stephen Miller to testify about Trump immigration initiatives, including the policy of separating migrant children from their parents and his threat to send illegal immigrants to so-called sanctuary cities.

“In accordance with longstanding precedent, we respectfully decline the invitation to make Mr. Miller available for testimony before the committee,” the White House counsel said in the letter, first posted online by CNN.

The refusal is part of a wider pushback by the Republican president against legal requests from the Democratic-led House, which is conducting multiple investigations of his administration, including his tax returns, White House security clearances and possible obstruction of justice by Trump.

U.S. Representative Elijah Cummings, the Democratic chairman of the Oversight Committee, on Wednesday accused Trump of a “unprecedented, and growing pattern of obstruction” after he ordered federal employees not to comply with congressional investigations.

Cummings on April 17 invited Miller to testify voluntarily about why the administration decided to separate immigrant children from their parents at the border.

Cummings also called for an explanation of “transferring asylum seekers to sanctuary cities as a form of illegal retribution against your political adversaries, and firing top administration officials who refuse orders to violate the law.”

Trump has said he is considering sending immigrants in the country illegally to jurisdictions that have adopted some form of “sanctuary city” policies in which they refuse to use their resources to help federal agents enforce deportations.

Miller, a former Senate aide, has helped shape some of Trump’s most controversial immigration policies, from the first Muslim ban shortly after he took office in 2017 to last year’s child separation policy, both of which were rejected by courts.

The oversight panel could exercise its power to subpoena him, although the White House could invoke executive privilege to protect Miller’s discussions with Trump.

(Reporting by Doina Chiacu and Roberta Rampton; Editing by Jonathan Oatis)

Source: OANN

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AOC draws ire ripping ‘your thoughts and prayers’ after Christchurch mosque shootings

U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., slammed those expressing thoughts and prayers for the victims of Friday's mass shooting in Christchurch, New Zealand.

Reacting to remarks made by New Zealand Prime Minister Jacinda Ardern, Ocasio-Cortez took to Twitter and invoked other mass shootings that took place in houses of worship.

WHAT YOU SHOULD KNOW ABOUT ALEXANDRIA OCASIO-CORTEZ'S SOCIALIST VISION FOR AMERICA

“At 1st I thought of saying, ‘Imagine being told your house of faith isn’t safe anymore.’ But I couldn’t say ‘imagine.’ Because of Charleston. Pittsburgh. Sutherland Springs,’” Ocasio-Cortez wrote.

The congresswoman was referencing the 2015 Charleston shooting at the Emmanuel A.M.E. Church that left nine dead, the 2017 Sutherland Springs shooting at the First Baptist Church that left 27 dead, and the 2018 Pittsburgh shooting at the Tree of Life Synagogue that left 11 dead.

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“What good are your thoughts & prayers when they don’t even keep the pews safe?” she asked.

That sparked plenty of backlash on social media.

Source: Fox News Politics

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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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