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Dollar holds gains as risk appetite recovery arrests yield decline

FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto
FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto, Ontario, Canada June 13, 2018. REUTERS/Chris Helgren

March 27, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar held modest gains on Wednesday as a recovery in investor risk appetite arrested a decline in benchmark U.S. Treasury yields, which fell to 15-month lows this week.

The dollar index versus a basket of six major currencies was steady at 96.765 after edging up nearly 0.2 percent overnight.

The greenback advanced on Tuesday after 10-year Treasury debt yields rebounded due to stock gains on Wall Street.

An inversion of the U.S. yield curve, which has preceded every U.S. recession over the past 50 years, chilled risk sentiment and triggered a sharp stock selloff last week.

Yields for safe-haven bonds also declined, pressuring the dollar.

“Bids for the dollar are returning with Treasury yields off their lows, and also because negative views toward the European economy have done no favors for their currency,” said Shin Kadota, senior strategist at Barclays in Tokyo.

The euro was a shade higher at $1.1274 after shedding 0.4 percent the previous day. The currency has been on shaky ground after Friday’s weaker-than-expected German manufacturing survey raised concerns about Europe’s largest economy.

The dollar slipped 0.15 percent to 110.475 yen, losing some steam after surging 0.6 percent against its Japanese peer on Tuesday.

The pound nudged up 0.1 percent to $1.3215.

Sterling has drawn mild support after two eurosceptic British lawmakers indicated on Tuesday that they might agree to support Prime Minister Theresa May’s EU withdrawal deal rather than risk parliament cancelling Brexit. [GBP/]

The Australian dollar, sensitive to shifts in risk sentiment, stood little changed at $0.7135 after gaining 0.3 percent the previous day.

The 10-year U.S. Treasury note yield was a touch higher at 2.417 percent. The yield had fallen on Monday to 2.377 percent, its lowest since December 2017.

(Reporting by Shinichi Saoshiro; editing by Darren Schuettler)

Source: OANN

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Trump: Puerto Rican Leaders ‘Incompetent or Corrupt’

President Donald Trump blasted the mayor of San Juan, Puerto Rico, calling her “crazed and incompetent.”

Trump’s attack on Mayor Carmen Yulín Cruz, an outspoken critic of the president, came Monday night after Senate Democrats stonewalled a massive disaster relief bill from getting to a final floor vote over what they said was a lack of funds for Puerto Rico, still reeling from back-to-back hurricanes in 2017.

Trump wrote on Twitter:

“The Democrats today killed a Bill that would have provided great relief to Farmers and yet more money to Puerto Rico despite the fact that Puerto Rico has already been scheduled to receive more hurricane relief funding than any “place” in history. The people of Puerto Rico.....

“....are GREAT, but the politicians are incompetent or corrupt. Puerto Rico got far more money than Texas & Florida combined, yet their government can’t do anything right, the place is a mess - nothing works. FEMA & the Military worked emergency miracles, but politicians like.....

“....the crazed and incompetent Mayor of San Juan have done such a poor job of bringing the Island back to health. 91 Billion Dollars to Puerto Rico, and now the Dems want to give them more, taking dollars away from our Farmers and so many others. Disgraceful!”

Source: NewsMax Politics

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Study Claims ‘Anti-Muslim Sentiment’ May Be Behind ‘White Flight’ Trends in Glasgow

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Source: InfoWars

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Kimberley Strassel: Barr brings accountability, he was ‘right to call this what it is’

Kimberley Strassel believes Attorney General William Barr brings “accountability” after he testified Wednesday that he thinks "spying did occur" on the Trump campaign in 2016.

In an Op-Ed published Thursday, Strassel, a member of the Wall Street Journal editorial board, wrote that many former Obama administration and Hillary Clinton campaign officials, as well as members of the media, are "no doubt" stunned and scared "that the Justice Department finally has a leader willing to address the FBI's behavior in 2016.”

“He (Barr) was right to call this what it is. It is spying,” Strassel, who is a Fox News contributor, told “America’s Newsroom” Friday.

She added: “One of the reasons it's appropriate here is because you surveil bad guys, as he said, like organized crime bosses. But this was a party of one persuasion running an administration that was looking at a campaign of the other party. And that definitely merits the word ‘spying’ so that's what was happening here. He says he’s going to look into that. He’s going to see if there was unauthorized surveillance. Meaning, there’s still some things in the FBI’s timeline that do not add up.”

MEDIA TAKE ISSUE WITH AG BARR FOR SAYING 'SPYING DID OCCUR' ON TRUMP CAMPAIGN

Strassel also brought up that Barr will be looking into the role of other intelligence agencies including The Central Intelligence Agency.

“There’s a lot of questions that he seems to, from his testimony, understand all the dots that need to be looked at and connected here,” said Strassel.

Prominent Democrats lined up to hammer Barr for testifying that federal authorities had spied on the Trump campaign in 2016, including House Majority Leader Steny Hoyer, D-Md., who said Barr's loyalties were compromised.

"He is acting as an employee of the president," Hoyer said.

DEMS RAGE AGAINST BARR FOR BACKING CLAIMS OF TRUMP CAMPAIGN 'SPYING' BY FBI 

“We have to focus on more than just the end of the Mueller report and more than how all this started. We have to focus on the two years in which opponents of Donald Trump managed to forestall accountability for this,” said Strassel. “Now think about this, you had Jim Comey, who hid his investigation from everybody. He didn't tell the public about it obviously. He also did not tell the courts about it. He did not tell Congress about it, which is a routine thing to do. He did not give a defensive briefing to the Trump campaign. And why? Because everyone was banking that Hillary Clinton would win and that no one would ever know what the FBI did here.”

CLICK HERE TO GET THE FOX NEWS APP

She added: “When Donald Trump actually did win, then you had a whole new set of circumstances. Democrats leaked all of this information, they managed to get a special counsel, thereby forestalling any questions about how this all began. They managed to force Jeff Sessions to recuse himself so that no outsider could take a look at what the DOJ (U.S. Department of Justice) had done. This has gone on too long. Now there is a person in charge who is going to look and that's what’s causing this reaction.”

Source: Fox News Politics

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Italy readies new package to lift GDP, mini-budget ruled out: sources

Offices are seen at the Gae Aulenti square at Porta Nuova district downtown Milan
Offices are seen at the Gae Aulenti square at Porta Nuova district downtown Milan , Italy, March 10, 2016. REUTERS/Stefano Rellandini

March 26, 2019

By Gavin Jones and Giuseppe Fonte

ROME (Reuters) – Italy is preparing a package of measures to lift economic growth this year and avoid the need for belt-tightening measures, political sources told Reuters, confirming a strategy which favors fiscal expansion over austerity.

The package is part of a plan to allow the government to present a relatively upbeat 2019 projection for gross domestic product which will in turn be the basis of new deficit and debt targets to be issued next month, the sources said.

The “growth decree”, which the cabinet hopes to pass on Friday, will increase tax breaks on investments, cut property taxes on factories and warehouses, and simplify procedures for public tenders, according to a draft seen by Reuters.

Among an array of measures, it will also allow local authorities to spend more on investments and introduce new rules to help banks shed so-called “unlikely-to-pay” loans.

The timing of the decree is important because it comes shortly before the Treasury presents new public finance targets in its Economic and Financial Document (DEF), which is due by April 10. This forms the framework of the 2020 budget.

Italy fell into recession over the second half of 2018, with gross domestic product falling 0.1 percent in each of the last two quarters. This hit the carry-over effect on 2019 and left the official forecast of 1 percent 2019 GDP growth percent looking wildly optimistic.

That forecast will be cut in the DEF but it will remain in positive territory and above those of most independent economists, said three sources in the government of the anti-establishment 5-Star Movement and the right-wing League.

The sources asked not to be named because they were not authorized to talks about the DEF.

FRAGILE RECOVERY?

Recent Italian data has shown signs of improvement, leading to optimism among policy-makers that the country has already emerged from last year’s shallow recession.

In January, industrial output, orders and sales all jumped from the month before and employment increased.

That was followed by an unexpected pick-up in service sector activity in February.

“It’s early days but there is a feeling the worse may be behind us,” said one government source. Three officials said they expected GDP to be flat or positive in the first quarter.

Despite these fragile signs of recovery, the Treasury’s latest projections point to 2019 growth only slightly above zero, based on an unchanged policy scenario, two sources said.

This will probably be nudged up to around 0.5 percent thanks to the effects of the growth decree, one of those sources said. The other said it was too soon to indicate the new target.

The European Commission forecasts Italian 2019 growth of just 0.2 percent, while the Organisation for Economic Cooperation and Development sees a 0.2 percent contraction.

The weaker growth outlook will hurt public finances, lowering tax revenues and raising the deficit as a proportion of GDP, yet the sources said the government had no intention of adopting belt-tightening measures this year.

The 2019 deficit target of 2 percent of GDP, set in December, was deliberately based on what then seemed a conservative estimate of GDP growth of 0.6 percent, below the official 1 percent forecast, said one source.

“The message is that thanks to the upcoming decree we can still grow close to that 0.6 percent,” this source said.

Even if the recovery fails to materialize, the government’s view is that tightening policy at a time of recession is counter-productive and has therefore been ruled out, four sources said.

(Reporting by Gavin Jones and Giuseppe Fonte; Editing by Crispian Balmer and Ed Osmond)

Source: OANN

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Bodies of American couple missing in Dominican Republic believed found

Authorities in the Dominican Republic said Tuesday they believe they've found the bodies of an American couple who disappeared late last month after checking out of their hotel -- and officials think the two died in a car crash on their way to the airport.

Orlando Moore, 40, and girlfriend Portia Ravenelle, 52, both of Mount Vernon, N.Y., were supposed to return home March 27, but they never boarded their flight back to Newark Liberty International Airport.

National Police spokesman Frank Felix Duran said on Tuesday a man’s body – believed to be Moore''s – was found in the waters of Sans Souci on March 31, while a woman’s body was found where authorities believe a car crash occurred days earlier.

AMERICAN TOURISTS DISAPPEAR AFTER LEAVING HOTEL EN ROUTE TO AIRPORT IN THE DOMINICAN REPUBLIC: REPORT

El Diario Libre reported the woman was found unconscious and taken by ambulance March 27 to Dario Contreras hospital with multiple trauma injuries. She reportedly died there April 4.

Duran said the man’s body was found decomposing about 12 to 18 miles away from where they believe the rental vehicle he was in became submerged in the seas. He said treacherous water conditions have kept divers from getting to the submerged vehicle, but they expect it to be the same vehicle the couple rented to drive to the airport.

He said they believe the man’s body is that of Moore because of a tattoo on his right arm that says “Milano,” similar to one that the 40-year-old man had.

PASTOR RICK MCDANIEL: A 5-YEAR-OLD BOY IN POVERTY TAUGHT ME THIS SURPRISING LESSON (AND I WAS SHOCKED)

Police said they believe the couple was in a car crash on Las Americas highway, which leads to a nearby international airport. Duran said local fisherman reported seeing a car in the bottom of the ocean in Sans Souci.

Moore and Ravenelle were reported missing by their families in the U.S. after they did not board their flight home.

Investigators said they confirmed the couple had checked out of the Grand Bahia Principe Cayacoa hotel in Samana on March 27.

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Authorities are awaiting fingerprint and other tests to confirm the identities.

Source: Fox News World

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Sudan military expected to announce end to Bashir rule: sources

FILE PHOTO: Sudanese President Omar al-Bashir delivers a speech inside Parliament in Khartoum
FILE PHOTO: Sudanese President Omar al-Bashir delivers a speech inside Parliament in Khartoum, Sudan April 1, 2019. REUTERS/Mohamed Nureldin Abdallah/File Photo

April 11, 2019

By Khalid Abdelaziz

KHARTOUM (Reuters) – Sudan’s armed forces will make an important announcement soon, state television said on Thursday as troops were deployed in Khartoum and sources reported a coup attempt against President Omar al-Bashir after months of protests.

“The armed forces will present an important statement shortly. Be ready for it,” the announcement on state television read, without giving further details.

Sudanese sources said the army will likely announce a transition of power from Bashir to a council headed by military figures to end Bashir’s 30 years in power.

A Sudanese source told Reuters Bashir was under house arrest with a number of aides at the presidential palace.

The army and security services deployed troops around the defense ministry and on major roads and bridges in Khartoum as thousands of people flocked to an anti-government protest outside the ministry, a Reuters witness said.

Tens of thousands of Sudanese marched through the center of the capital Khartoum in jubilation, dancing and chanting anti-Bashir slogans. .

Protesters outside the defense ministry chanted: “It has fallen, we won.”

Al Arabiya TV reported that Bashir had resigned, but this was not confirmed.

State television and radio played patriotic music, reminding older Sudanese of how military takeovers unfolded during previous episodes of civil unrest.

DIVISIVE FIGURE

Bashir, a former paratrooper who seized power in a bloodless coup in 1989, has been a divisive figure who has managed his way through one internal crisis after another while withstanding attempts by the West to weaken him.

Sudan has suffered prolonged periods of isolation since 1993, when the United States added Bashir’s government to its list of terrorism sponsors for harboring Islamist militants. Washington followed up with sanctions four years later.

Bashir has also been indicted by the International Criminal Court (ICC) in The Hague over allegations of genocide in Sudan’s Darfur region during an insurgency that began in 2003.

The latest crisis has escalated since the weekend, when thousands of demonstrators began camping out outside the Defence Ministry compound in central Khartoum, where Bashir’s residence is located.

Clashes erupted on Tuesday between soldiers trying to protect the protesters and intelligence and security personnel trying to disperse them. At least 11 people died in the clashes, including six members of the armed forces, the information minister said citing a police report.

Since Dec. 19, Sudan has been rocked by persistent protests sparked by the government’s attempt to raise the price of bread, and an economic crisis that has led to fuel and cash shortages

Opposition figures have called for the military to help negotiate an end to Bashir’s nearly three decades in power and a transition to democracy.

The demonstrators at the Defence Ministry had said that they wanted to submit a petition for the armed forces to take their side in their attempt to remove Bashir and his Islamist-backed administration.

(Reporting by Khalid Abdelaziz and Mohamed El Sherif, writing by Sami Aboudi; Editing by Simon Cameron-Moore, Michael Georgy and Giles Elgood)

Source: OANN

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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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