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Dollar bounces vs yen as risk aversion eases, Brexit saga checks pound

FILE PHOTO: Illustration photo of U.S. Dollar and Japan Yen notes
FILE PHOTO: U.S. Dollar and Japan Yen notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration

March 26, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar rebounded modestly against the yen on Tuesday as Treasury yields pulled back from 15-month lows as a modicum of calm returned to financial markets gripped by fears of a sharper downturn in the global economy.

The pound stuck to a narrow range with British lawmakers scheduled to vote on a range of Brexit options later in the day.

The dollar edged up 0.15 percent to 110.13 yen and put some distance between a six-week low of 109.70 plumbed the previous day, when fears of a global economic slowdown depressed U.S. yields and boosted investor demand for the yen, a perceived safe haven.

“The dollar has tracked U.S. yields. But the trend may have run its course, with little further downside seemingly remaining for yields,” said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo.

“The decline by U.S. equities has also slowed, and this has supported the dollar as it shows that the market’s economic prospects remain reasonably good with the Fed preparing to take a more dovish approach.”

The euro was steady at $1.1316.

The single currency had sunk to a 10-day trough of $1.1273 on Monday, also hit by rising concerns about a slowdown in the euro zone economy but made modest gains overnight after a stronger-than-forecast German business confidence survey.

Sterling was effectively flat at $1.3201 after spending the previous day confined to a narrow range when British lawmakers wrested control of the parliamentary agenda from the government for a day in a highly unusual bid to find a way through the Brexit impasse.

British Lawmakers will now vote on a range of Brexit options later on Wednesday, giving parliament a chance to indicate whether it can agree on a deal with closer ties to the European Union.

The Australian dollar, sensitive to shifts in risk sentiment, was 0.1 percent higher at $0.7118 after gaining 0.45 percent the previous day.

The 10-year U.S. Treasury yield stood at 2.417 percent after declining to 2.377 percent on Monday, its lowest since December 2017.

(Editing by Shri Navaratnam)

Source: OANN

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Northern Syria administration says U.S. troop decision will protect area

Abdulkarim Omar, head of the foreign relations commission in the autonomous administration speaks during news conference in Qamishli
FILE PHOTO: Abdulkarim Omar, head of the foreign relations commission in the autonomous administration speaks during a news conference in Qamishli, Syria September 20, 2018. REUTERS/Rodi Said

February 22, 2019

BEIRUT (Reuters) – The Kurdish-led administration that runs much of northern Syria welcomed a U.S. decision to keep 200 American troops in Syria after a U.S. pullout, saying it would protect their region and may encourage European states to keep forces there too.

“We evaluate the White House decision … positively,” Abdulkarim Omar, co-chair of foreign relations in the region held by the U.S.-backed Syrian Democratic Forces, told Reuters.

“This decision may encourage other European states, particularly our partners in the international coalition against terrorism, to keep forces in the region,” he added.

“I believe that keeping a number of American troops and a larger number of (other) coalition troops, with air protection, will play a role in securing stability and protecting the region too,” he said.

(Reporting by Ellen Francis; Writing by Tom Perry)

Source: OANN

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Angel Moms & Angel Dads: Media Silence

Angel Moms and Angel Dads: Media Silence By Paul O’Brien It seems the media is very eager to give the families of murder victims a platform to tell the country why they are right and we are wrong. But wait. There is more to the story. It appears the media is only willing to give […]

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Trump Admin Seeks $86B in Intelligence Agency Spending

The Trump administration is requesting $86 billion in spending for intelligence agencies, including $23 billion for highly classified military intelligence activities (MIP) in fiscal year 2020, The New York Times reports.

Director of National Intelligence Dan Coats said the administration wants $62.8 billion for its intelligence agencies while the Pentagon asked for $22.95 billion for its secretive "black budget."

Overall, the budget includes a 6 percent spending increase and covers the costs of cyberweapons, spy satellites, and the national intelligence program that supports the armed services and tactical units.

Both budgets also propose spending more money on capabilities to compete with Russia and China, according to officials who spoke with the Times.

The MIP supports "defense intelligence activities intended to support tactical military operations and priorities," according to a 2016 Congressional Research Service, while funding for the National Intelligence Program goes to nondefense organizations.

The Pentagon in a statement said the request includes base budget funding as well as the war fund known overseas as the overseas contingency operations account.

"The department determined that releasing this top-line figure does not jeopardize any classified activities within the MIP," the statement noted. "No other MIP budget figures or program details will be released, as they remain classified for national security reasons."

Source: NewsMax America

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Trump’s former lawyer Cohen gets two-month delay to report to prison

FILE PHOTO: Michael Cohen, U.S. President Donald Trump's former attorney, exits the United States Court house after his sentencing, in the Manhattan borough of New York City
FILE PHOTO: Michael Cohen, U.S. President Donald Trump's former attorney, exits the United States Court house after his sentencing, in the Manhattan borough of New York City, New York, U.S., December 12, 2018. REUTERS/Shannon Stapleton/File Photo

February 20, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump’s former personal lawyer Michael Cohen will now report to federal prison on May 6 after a judge granted him a two-month delay, a court order released on Wednesday said.

Cohen’s lawyers asked for a 60-day extension in a letter to U.S. District Court Judge William Pauley to allow Cohen to prepare for testimony before three congressional committees and recover from recent surgery.

(Reporting by Susan Heavey)

Source: OANN

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After synagogue attack, Pittsburgh tries again to curb guns

Gun-control legislation introduced in wake of the Pittsburgh synagogue massacre is moving through the City Council, but Second Amendment advocates are promising a swift legal challenge if the city's latest effort to regulate firearms becomes law.

The legislation would place restrictions on military-style assault weapons like the AR-15 rifle that authorities say was used in the Oct. 27 rampage at Tree of Life Synagogue that killed 11 and wounded seven. It would also ban most uses of armor-piercing ammunition and high-capacity magazines, and would allow the temporary seizure of guns from people who are determined to be a danger to themselves or others.

Council is scheduled to hold an initial vote Wednesday. If it passes, a final vote will be held April 2.

"It's time to fight back against this senseless violence," Democratic Councilman Corey O'Connor, a co-sponsor, said in an interview ahead of the vote.

The three-bill package — proposed not long after the deadliest attack on Jews in U.S. history — was watered down last week in an effort to make it more likely to survive a court challenge.

State law has long prohibited municipalities from regulating the ownership or possession of guns or ammunition. While one of the Pittsburgh bills originally included an outright ban on assault weapons, the revised measure bars the "use" of assault weapons in public places. A full ban on possession would only take effect if state lawmakers or the state Supreme Court give municipalities the right to regulate guns — which even the bill's boosters say is an unlikely prospect in a largely rural state where legislative majorities have been fiercely protective of gun rights.

"It's an uphill battle, but we're trying to look at every angle to get a win," O'Connor said.

Pro-gun advocates cast the amended legislation as an attack on the right to bear arms and said they will immediately file suit if City Council approves the bills.

"All of it's illegal. Pennsylvania preemption law says that no municipality, period, may in any manner regulate. And that's at the heart of what they're doing," said Kim Stolfer, president and co-founder of Firearms Owners Against Crime.

Allegheny County District Attorney Stephen Zappala Jr., a Democrat, told city council members in January that while he understood their desire to curtail gun violence, their proposed remedies were unconstitutional. A spokesman said Zappala had not seen the revised legislation, and declined comment on its merits.

Pittsburgh and its larger counterpart to the east, Philadelphia, have tried before to enact gun legislation, with mixed results.

Both cities passed assault-weapons bans in 1993. The state Legislature quickly took action to invalidate the measures, and the Pennsylvania Supreme Court ruled that city officials had overstepped.

Philadelphia tried again in 2008, enacting limits on gun purchases and another ban on assault weapons. The state Supreme Court threw out both ordinances, but ruled the city could enforce three other measures: one that requires people to report lost or stolen firearms; another that empowers police to seize guns from people posing a risk to themselves or others; and a third that bans gun ownership for anyone subject to a protection-from-abuse order.

Pittsburgh has had its own lost-and-stolen law for more than a decade, but it's never been enforced. Tim McNulty, a spokesman for Democratic Mayor Bill Peduto, said the city is reconsidering that stance in wake of the synagogue massacre and a recent announcement by Philadelphia District Attorney Larry Krasner that he intended to begin enforcing that city's lost-and-stolen ordinance.

Peduto, who has long advocated for stricter gun laws, has thrown his weight behind the new legislation.

"Pittsburgh owes it to those murdered at Tree of Life and countless others living in fear of gun violence every day in city neighborhoods to take this cause on," McNulty said.

Second Amendment attorney Joshua Prince, who represents Stolfer's pro-gun group and has won a string of victories against Pennsylvania municipalities that enacted gun measures, called the latest Pittsburgh effort to restrict firearms "political grandstanding" and predicted it will fail.

Source: Fox News National

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Twitter Bans User For Laughing At Rachel Maddow’s Tears Of Despair Over Mueller Report

As left-wing news outlets were forced to cover the completion of the Mueller report sans high-level indictments (Trump Jr., for example), Rachel Maddow had a grand-mal meltdown after having been forced by MSNBC to cancel a fishing trip and drive in to work on a Friday night. 

Maddow fought back tears as she reported on her own collapsing narrative, to which Twitter user ‘Karli Bonne’ (@kbq2251) posted a video of herself laughing at Maddow’s despair.

As the video began to go viral, Twitter suspended her account.

Bonne then tweeted the video from another account (@kbq225) which was quickly amplified by several people, including actor James Woods, who truly gives zero f*cks now that Hollywood has blacklisted him for being openly conservative.


The current internet monopoly system setup by Big Tech amounts to fascism. Gerald Celente joins Alex via Skype to explain that although the internet was designed to be free it no longer resembles it’s original state.

While Twitter’s ban of Karli may have backfired due to the Streisand effect (not the Streisand defect), reactions to Maddow’s meltdown have been hilarious.

Source: InfoWars

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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