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Canada’s Barrick Gold considers hostile $19 billion bid for Newmont Mining: media

Mark Bristow, chief executive officer of Barrick Gold, speaks during an interview at the Investing in African Mining Indaba conference in Cape Town
FILE PHOTO: Mark Bristow, chief executive officer of Barrick Gold, speaks during an interview at the Investing in African Mining Indaba conference in Cape Town, South Africa February 5, 2019. REUTERS/Mike Hutchings

February 22, 2019

By Melanie Burton

MELBOURNE (Reuters) – Canada’s Barrick Gold Corp is considering a hostile bid for Newmont Mining Corp for about $19 billion in stock, in what would potentially be one of the largest-ever mining deals, the country’s Globe and Mail newspaper reported.

The paper, which also reported that Barrick would flip some of Newmont’s assets to Australia’s Newcrest Mining, cited industry sources familiar with the situation.

Under the potential terms, Barrick would keep Newmont’s Nevada and African mines, while Newcrest was considering taking over its Australian operations, according to the report.

Barrick, which spent $6.1 billion on buying rival Randgold Resources last month, has formed new management teams and cut administrative costs as part of new Chief Executive Mark Bristow’s plan to set the combined company firmly apart from peers.

Bristow had said on a post-earnings call that Barrick Gold would continue to look at opportunities for mergers or acquisitions.

Barrick and U.S. company Newmont have long been touted as a potential match, as they have plenty of overlap around their North American operations, said an Australia-based banker.

“(But) there’s a danger that Barrick is biting off more than it can chew (by making another large acquisition),” he said, declining to be identified due to the sensitivity of the issue.

Without such a deal, Barrick could cede its crown as the world’s largest gold producer to Newmont, which is due to close its $10 billion buyout of smaller rival Goldcorp Inc next quarter.

If Barrick were to be successful, the merger between Newmont and Goldcorp would not go ahead, and Barrick would be liable for a $650 million break fee, the newspaper reported.

Bloomberg reported on Thursday that Barrick had studied a bid for Newmont as it looks for ways to boost production, citing people familiar with the matter.

Newmont declined a request from Reuters for comment, while Barrick did not immediately respond to request for comment.

A Newcrest spokesperson said the firm did not comment on M&A speculation. Goldcorp was not immediately available for comment.

AUSTRALIAN FIT?

Newmont has three gold mines in Australia, which have a net present value of $4.5 billion according to AME Group, but none of those are seen as the kind of large ‘tier one’ developments that Newcrest has said are a prerequisite for any major buys.

“Newcrest has a production hole in a couple of years’ time with Cadia going offline,” said one fund source based in Melbourne, referring to one of Australia’s largest gold mines.

“It makes sense that they would be looking, but I would question the ‘tier one’ nature of the asset.”

Any deal for the assets would hinge on price and the manner of payment, two other bankers and a fund manager said.

“I wouldn’t care if they are not ‘tier one’ assets,” said Simon Mawhinney of Allan Gray in Melbourne, which is the top shareholder in Newcrest with a stake of around 9 percent.

“But I would care if they were overpaid for, that would be a big issue.”

(Reporting by Sanjana Shivdas in BENGALURU and Melanie Burton in MELBOURNE; Editing by Gopakumar Warrier and Joseph Radford)

Source: OANN

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North Carolina woman allegedly taken from her home, being ‘held against her will,’ police say

A North Carolina woman is being “held against her will” after she was seen being dragged through her front yard Thursday morning, police said.

Rosalino Duarte-Cruz, 37, is feared to have taken Lauren Hall, 20, from her home “against her will,” the Wilkes County Sheriff’s Office said. Deputies responded to a report of a domestic disturbance at Hall’s home and believe she was dragged through her yard and into a car, according to the Charlotte Observer.

SAN FRANCISCO SEES ‘BROWNOUT’ AMID SPIKE IN PUBLIC POOPING, REPORTS SAY

The two are believed to have been in a relationship before the reported domestic incident.

Duarte-Cruz is wanted for kidnapping and assault, according to FOX 46 Charlotte.

Police said he might be driving a 2016 Chevy Camaro LT with a North Carolina license plate number TPD-8339. Authorities believe he could be in Winston-Salem or Yadkinville.

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Anyone with information is asked to call the Wilkes County Sheriff’s Office at 336-838-9111.

Source: Fox News National

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Rural Danish town of 7,000 to build Western Europe’s tallest skyscraper

A plan to build Western Europe’s tallest skyscraper in a rural Danish town of just 7,000 people has been given a green light by officials who welcome the over-the-top tower.

Bestseller, a European fashion clothing company, has been mulling the idea to build the skyscraper in Brande for years, designing plans for the building with a projected height of about 1,050 feet, beating the current tallest tower – London’s Shard tower – by about 34 feet.

WATCH: CHINESE SKYSCRAPER BOASTS 350-FOOT WATERFALL STREAMING DOWN ITS SIDE

“It will undoubtedly be of the greatest significance for the city of Brande, but I do not doubt it will affect the whole of Central Jutland,” Ib Lauritsen, the mayor of Ikast-Brande, told Danish broadcaster DR.

The retailer picked the town of Brande because that's where Bestseller was founded back in 1975 before attracting international success, making Anders Holch Povlsen, the owner, the richest man in Denmark.

“It will be a landmark that places Brande on the map."

— Anders Krogh Vogdrup, head of constructions for Bestseller

“It will be a landmark that places Brande on the map,” Anders Krogh Vogdrup, head of constructions for Bestseller, said after the town’s council approved the project last month, the Guardian reported. “For more than 30 years, we have been very happy to have our home in Brande, and we feel we are a natural part of the local community."

LEANING TOWER OF PHILLY? FOUNDING FATHERS' CHURCH GETS GRANT

The mayor said none of the town officials raised any concerns about the enormous tower, while the public appears to be in favor of the plans.

Still, the support isn’t unanimous. Danish satirical newspaper Rokokoposten mocked the plans to build the record-shattering tower, comparing it to the Tower of Sauron from The Lord of the Rings.

“Such a big building will make the world claustrophobically small. Why do I have to be reminded of Bestseller when I’m walking by myself in a quiet wood?”

— Trine Kammer

There’s some more serious opposition, too. Trine Kammer, an architect, told the newspaper that the media is ignoring the voices who oppose the project.

CLICK HERE TO GET THE FOX NEWS APP

“People in Brande are so afraid to criticize Bestseller. It’s like a religion or something,” she said, warning that the tower will destroy the landscape. “Such a big building will make the world claustrophobically small. Why do I have to be reminded of Bestseller when I’m walking by myself in a quiet wood?”

Source: Fox News World

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U.S. transport chief: ‘Questionable’ why some Boeing safety features not required

FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

March 27, 2019

WASHINGTON (Reuters) – U.S. Transportation Secretary Elaine Chao told a Senate committee on Wednesday it was “very questionable” why some Boeing 737 MAX safety features were not required, but she stopped short of saying the government would require retrofitting all aircraft.

“It is very questionable that these were safety oriented additions, why they were not part of the required template of measures that should go into an airplane,” Chao said, saying the issue will be reviewed by an outside committee and the department’s inspector general.

Reuters reported last week that Boeing plans to mandate a previously-optional cockpit warning light as part of a software update to the 737 MAX fleet that was grounded in the wake of the fatal crashes, said the officials, who asked not to be identified. That feature might have warned earlier of problems that possibly played a role in the crashes of Ethiopian and Indonesian planes that killed almost 350 people.

(Reporting by David Shepardson; Editing by Nick Zieminski)

Source: OANN

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Wisconsin woman pleads guilty to terrorism charges

A Wisconsin mother of seven has agreed to plead guilty to trying to plan terrorist attacks on behalf of the Islamic State by distributing information on making explosives and biological weapons.

Federal prosecutors said they'll hold a news conference Monday to discuss the case of Waheba Issa Dais. She initially pleaded not guilty to two counts of providing material support to terrorists. She changed her plea last month in exchange for prosecutors dropping one of the counts.

Prosecutors say the woman tried to recruit people to carry out attacks for the Islamic State and provided them with information on how to make explosives and poisons.

Court documents say she used hacked social media accounts to discuss possible attacks with self-proclaimed members of the Islamic State. Authorities never connected her to any attack plots.

Dais lives in Cudahy, a city just south of Milwaukee.

Source: Fox News National

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‘Hostile And Aggressive’ Migrants Break Through Border Into Southern Mexico, Join US-Bound Caravan

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Source: InfoWars

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House calls for upcoming Mueller report to be made public

Attorney General William Barr delivers remarks to the National Association of Attorneys General at the White House
FILE PHOTO: Attorney General William Barr delivers remarks to the National Association of Attorneys General in the State Dining Room ahead of President Trump at the White House in Washington, U.S., March 4, 2019. REUTERS/Leah Millis

March 14, 2019

WASHINGTON (Reuters) – The U.S. House of Representatives overwhelmingly approved a non-binding resolution on Thursday calling for Special Counsel Robert Mueller’s upcoming report on his probe into Russia’s role in the 2016 election to be released to Congress and the public.

The 420-0 House vote, with four Republican lawmakers voting “present,” put pressure on U.S. Attorney General William Barr, to whom Mueller will submit the report when it is done, to make it public, though it does not force him to do so.

(Reporting by David Morgan; Editing by Will Dunham)

Source: OANN

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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