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Asian equities’ valuations still cheaper than its global peers: Refinitiv data

A panel displays global stock indexes at the Hong Kong Exchanges in Hong Kong
A panel displays global stock indexes at the Hong Kong Exchanges in Hong Kong, China December 5, 2016. REUTERS/Bobby Yip

April 2, 2019

(Reuters) – Asian stocks valuations’ rose on the back of a strong rally in the first quarter of 2019, but regional equities still look attractive compared with global peers, Refinitiv data showed.

MSCI’s broadest index of Asia-Pacific shares rose about 9 percent in the first quarter of 2019, its biggest quarterly gain since January-March 2012. That propelled the index’s forward price-to-earnings ratio (P/E) to a 10-month high of 12.89 at the end of March.

However, it was still less than the MSCI All Country World index’s forward 12 month P/E of 14.78, the data showed.

South Korea, Hong Kong and China were the lowest-cost shares in the region, with P/E multiples of about 12 or less.

India and Malaysia were the most expensive, with ratios of 18.3 and 15.8 respectively.

“The region trades at a steep discount to global equities,” DBS Bank said in a note.

“The China equity market is particularly attractive on aggressive policy tailwinds and MSCI index re-weighting,” it said.

(Graphic: Valuation of Asian equities – https://tmsnrt.rs/2VdEmtK)

(Graphic: MSCI Asia Pacific and World Index’s forward PE – https://tmsnrt.rs/2WEy1HU)

(Reporting by Patturaja Murugbaoopathy and Gaurav Dogra in Bengaluru)

Source: OANN

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Pence Appeals to Republicans: Reject Bill on Trump Order

Vice President Mike Pence, in an interview airing Thursday ahead of a Senate vote on a resolution seeking to block President Donald Trump's declaration of a national emergency, called on Republicans to back Trump, saying a vote against the emergency order is a denial of the crisis at the nation's southern border.

“A vote against President Trump's national emergency is a vote against border security," Pence told Fox News' "Fox and Friends" co-anchor Pete Hegseth, who interviewed him from Harpers Ferry, W.Va. where he was touring a Customs and Border Patrol training facility.

"A vote against the president's national emergency declaration is a vote to deny the humanitarian and security crisis that's happening at our southern border," he added, noting that under the National Emergencies Act, Trump has the authority to declare the matter an emergency.

"Vote down the resolution of disapproval," he urged Republicans. "Stand with the president and stand for border security. That's what the American people want."

It will take four Republicans to pass the bill blocking Trump's declaration. The president said Thursday he is prepared to use his first veto since taking office to reject the measure if it is passed.

"It is undeniable we have a crisis on the southern border," said Pence. "Democrats continued to say it's a manufactured crisis but the facts tell the story."

He also noted that the money Trump had requested from Congress before the government shutdown, which is now being appropriated through his emergency declaration, is all money the Department of Homeland Security had said was needed to build a barrier in 10 areas of high-density population.

Source: NewsMax Politics

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Yen strengthens, shares skid on U.S. recession fears

Illustration photo of a Japan Yen note
A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration

March 24, 2019

By Swati Pandey

SYDNEY (Reuters) – The Japanese yen hovered near a six-week high on Monday while Asian shares are expected to start lower as risk assets fell out of favor on growing worries about an impending U.S. recession, sending global bond yields plunging.

In Asia, Nikkei futures pointed to a weak start for Japan. Australian shares fell 0.3 percent at the open while New Zealand’s benchmark index faltered 0.9 percent.

Investors also kept one eye on the details of a nearly two-year U.S. investigation which found no evidence of collusion between Donald Trump’s election team and Russia, in a major political victory for the U.S. President.

U.S. stock futures were marginally higher during early Asian hours.

On Friday, all three major U.S. stock indexes registered their biggest one-day percentage losses since Jan.3 with the Dow sliding 1.8 percent, the S&P 500 off 1.9 percent and the Nasdaq dropping 2.5 percent.

Concerns about the health of the world economy heightened last week after cautious remarks by the U.S. Federal Reserve sent 10-year treasury yields to the lowest since early 2018. Adding to the fears of a more widespread global downturn, manufacturing output data from Germany showed a contraction for the third straight month.

In response, 10-year treasury yields slipped below the three-month rate for the first time since 2007. Historically, an inverted yield curve – where long-term rates fall below short-term – has signaled an upcoming recession.

“We have re-run our preferred yield curve recession models, which now suggest a 30-35 percent chance of a U.S. recession occurring over the next 10‑18 months,” said Tapas Strickland, markets strategist at National Australia Bank.

Typically a 40-60 percent probability sees a recession within the next 10-18 months, Strickland added, basing the analysis on previous recessions.

“The risk of a U.S. recession has risen and is flashing amber and this will keep markets pricing a high chance of the Fed cutting rates.”

Much of the concerns around global growth is stemming from Europe and China which are battling separate tariff wars with the United States. Political turmoil in Britain over the country’s exit from the European Union is also a major overhang for risk assets.

On Sunday, Rupert Murdoch’s Sun newspaper said in a front page editorial British Prime Minister Theresa May must announce on Monday she will stand down as soon as her Brexit deal is approved.

The British pound was last flat at $1.3209 after three straight days of wild gyrations. The currency slipped 0.7 percent last week.

Politics was also in focus in the United States.

The long-awaited Mueller report into whether Trump’s campaign colluded with Russia to help Trump defeat his Democratic opponent, Hillary Clinton, marked a major milestone of his presidency as he prepares for his 2020 re-election battle.

In currency markets, the Japanese yen – a perceived safe haven – held near its highest since Feb. 11. It was last off 0.1 percent at 110.04 per dollar.

The Australian dollar, a liquid proxy for risk play, was down for its third straight session of losses at $0.7072.

(Editing by Shri Navaratnam)

Source: OANN

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Ecuador denies it will imminently expel Assange from embassy

Supporters of WikiLeaks founder Julian Assange hold placards as they stand outside Ecuador's embassy in London
Supporters of WikiLeaks founder Julian Assange hold placards as they stand outside Ecuador's embassy in London, Britain April 6, 2019. REUTERS/Simon Dawson

April 6, 2019

QUITO (Reuters) – Ecuador’s government said late on Friday that it rejected reports that it would imminently expel Wikileaks founder Julian Assange from its London embassy, where he has lived in asylum for nearly seven years.

Assange was “prepared” for expulsion from the building, a British friend of his said on Tuesday, after Ecuador’s President Lenin Moreno said he had “repeatedly violated” the terms of his asylum.

Moreno accused Assange of harming Ecuador’s relations with other countries by intervening in their politics and said he did not have the right to “hack private accounts or phones.” WikiLeaks said Moreno’s remarks were in retribution for WikiLeaks having reported on corruption accusations against Moreno, who denies wrongdoing.

In a statement, Ecuador’s foreign ministry denied it had reached an agreement with the British government to jail Assange if he left the embassy.

Ecuador “categorically rejects the fake news that have circulated recently on social networks, many spread by an organization linked to Mr Julian Assange, about an imminent termination of the diplomatic asylum granted to him since 2012,” it said.

The ministry said it reserved the right to terminate asylum when it considered it justified.

“By releasing information that distorts the truth, (Assange) and his associates express once again their ingratitude and disrespect to Ecuador,” it said.

Assange took refuge in the embassy in 2012 to avoid being extradited to Sweden, where authorities wanted to question him as part of a sexual assault investigation.

That probe was later dropped, but Assange fears he could be extradited to face charges in the United States, where federal prosecutors are investigating WikiLeaks.

Ecuador last year established new rules for Assange’s behavior while in the embassy, which required him to pay his medical bills and clean up after his pet cat. He challenged the rules in local and international tribunals, arguing they violated his human rights. Both courts ruled against him.

Last month, the Inter-American Commission on Human Rights, which is linked to the Organization of American States, rejected Assange’s request that Ecuador ease the conditions it has imposed on his residence in the London embassy.

Assange says Ecuador is seeking to end his asylum and is putting pressure on him by isolating him from visitors and spying on him. Ecuador has said its treatment of Assange was in line with international law, but that his situation “cannot be extended indefinitely.”

(Reporting by Alexandra Valencia; Writing by Angus Berwick; Editing by David Gregorio)

Source: OANN

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U.S. disrupted Russian trolls on day of November election: report

FILE PHOTO: Voters fill out their ballots for the midterm election at a polling place in Madison, Wisconsin
FILE PHOTO: Voters fill out their ballots for the midterm election at a polling place in Madison, Wisconsin, U.S. November 6, 2018. REUTERS/Nick Oxford

February 26, 2019

WASHINGTON (Reuters) – The U.S. military disrupted the internet access of a Russian troll farm accused of trying to influence American voters on Nov. 6, 2018, the day of the congressional elections, The Washington Post reported on Tuesday.

The U.S. Cyber Command strike targeted the Internet Research Agency in the Russian port city of St. Petersburg, the Post reported, citing unidentified U.S. officials.

The group is a Kremlin-backed outfit whose employees had posed as Americans and spread disinformation online in an attempt to also influence the 2016 election, according to U.S. officials.

“They basically took the IRA (Internet Research Agency) offline,” the Post quoted one person familiar with the matter as saying. “They shut ‘em down.”

Cyber Command had no immediate comment on the report.

The Internet Research Agency was one of three entities and 13 Russian individuals indicted by Special Counsel Robert Mueller’s office in February 2018 in an alleged criminal and espionage conspiracy to tamper in the U.S. presidential race, boost Trump and disparage his Democratic opponent Hillary Clinton.

Prosecutors said the agency is controlled by Russian businessman Evgeny Prigozhin, who U.S. officials have said has extensive ties to Russia’s military and political establishment.

Prigozhin, also personally charged by Mueller, has been dubbed “Putin’s cook” by Russian media because his catering business has organized banquets for Russian President Vladimir Putin.

(Reporting by Doina Chiacu in Washington; Editing by James Dalgleish and Bernadette Baum)

Source: OANN

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Nikolas Cruz, Parkland school shooter, might go on trial in early 2020, judge says

A Broward Circuit judge wants the trial for the suspect accused of committing a mass shooting at a high school in Parkland, Florida to begin in 2020.

Judge Elizabeth Scherer said at a hearing on Thursday that she intends to set a definitive trial date soon for Nikolas Cruz. The 20-year-old allegedly opened fire at Marjory Stoneman Douglas High on Feb. 14, 2018, killing 17 people and wounding 17 others — a crime to which investigators say he confessed.

PARKLAND SHOOTING ONE-YEAR ANNIVERSARY: STUDENTS, COMMUNITY UNITE FOR EVENTS HONORING VICTIMS, FIRST RESPONDERS

"I'm asking both sides to take that into account. Pace yourselves," the judge said. "I just ask you to keep that in mind as a goal moving forward."

Assistant State Attorney Jeff Marcus said prosecutors and defense attorneys are working as rapidly as possible to identify and interview witnesses, sort through evidence and begin planning what would likely be the biggest trial in recent Broward County history — if not ever.

"It does give us a place to work toward," the assistant state attorney said of the 2020 goal.

Attorneys for Cruz have said the former Stoneman Douglas student will plead guilty in return for a life prison sentence, but prosecutors have refused that offer.

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Investigators allege Cruz, who's also accused of assaulting a jail corrections officer while in custody, confessed to the shooting the day he was arrested. Prosecutors released cellphone video of Cruz describing beforehand exactly what he planned to do at the school.

Considering he allegedly confessed, Cruz's trial would most likely focus more on his mental and emotional problems, as well as his fascination with violence, guns and death. Those issues also would play a central role in whether a jury chooses to impose the death penalty.

The Associated Press contributed to this report.

Source: Fox News National

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Tortoise feared extinct found on remote Galapagos island

A living member of species of tortoise not seen in more than 110 years and feared to be extinct has been found in a remote part of the Galapagos island of Fernandina.

An adult female Chelonoidis phantasticus, also known as the Fernandina Giant Tortoise, was spotted Sunday by a joint expedition of the Galapagos National Park and the U.S.-based Galapagos Conservancy, Ecuador's Environment Ministry said in a statement. It said the female is more than 100 years old.

Investigators think there may be more members of the species on the island because of tracks and scat they found. The team took the tortoise to a breeding center for giant tortoises on Santa Cruz Island where it will stay in a specially designed pen.

The International Union for Conservation of Nature has the Fernandina Giant Tortoise listed as critically endangered and possibly extinct.

The only other living member of the species was found in 1906, the group said. Since then, expeditions have encountered tortoise scat and bite marks on cacti, and there was a possible unconfirmed sighting in 2009. But Sunday's discovery was the first confirmed sighting and together with the possibility of finding more members of the species has raised the possibility of breeding.

"They will need more than one, but females may store sperm for a long time," said Stuart Pimm, a professor of conservation ecology at Duke University. "There may be hope."

Fernandina is the third largest Galapagos island and features the La Cumbre volcano, one of the most active in the world. The archipelago lies in the Pacific Ocean about 1,000 kilometers (620 miles) off Ecuador's mainland.

In listing the Fernandina tortoise as possibly extinct, the conservation group said on its website that the species may have succumbed to "the frequent volcanic lava flows that nearly cover the island."

The Galapagos archipelago hosts unique species and wildlife whose characteristics helped Charles Darwin develop his theory of evolution. It was declared a UNESCO World Heritage site in 1979.

Source: Fox News World

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Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon
Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon, South Korea, April 26, 2019. REUTERS/Kim Hong-Ji

April 26, 2019

SEOUL (Reuters) – K-pop and drama star Park Yu-chun was arrested on Friday on charges of buying and using illegal drugs, a court said, the latest in a series of scandals to hit the South Korean entertainment business.

Suwon District Court approved the arrest warrant for Park, 32, due to concerns over possible destruction of evidence and flight risk, a court spokesman told Reuters.

Park is suspected of having bought about 1.5 grams of methamphetamine with his former girlfriend earlier this year and using the drug around five times, an official at the Gyeonggi Nambu Provincial Police Agency said.

Park has denied wrongdoing, saying he had never taken drugs, and he again denied the charges in court, Yonhap news agency said.

Park’s contract with his management agency had been canceled and he would leave the entertainment industry, Park’s management agency, C-JeS Entertainment, said on Wednesday.

Park was a member of boyband TVXQ between 2003 and 2009 before leaving the group with two other members, forming the group JYJ.

A scandal involving sex tapes, prostitutes and secret chat about rape led at least four other K-pop stars to quit the industry earlier this year.

The cases sparked a nationwide drugs bust and investigations into tax evasion and police collusion at night clubs and other nightlife spots.

(Reporting by Joyce Lee; Additional reporting by Heekyong Yang; Editing by Nick Macfie)

Source: OANN

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FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight taxis after landing at Reagan National Airport in Washington
FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight from Los Angeles taxis after landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States over safety issues in Washington, U.S. March 13, 2019. REUTERS/Joshua Roberts/File Photo

April 26, 2019

(Reuters) – American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing’s 737 MAX planes after cancelling 1,200 flights in the first quarter.

The company said it now expects its 2019 adjusted profit to be between $4.00 per share and $6.00 per share.

Analysts on average had expected 2019 earnings of $5.63 per share, according to Refinitiv data.

The No. 1 U.S. airline by passenger traffic said net income rose to $185 million, or 41 cents per share, in the first quarter ended March 31, from $159 million, or 34 cents per share, a year earlier.

Total operating revenue rose 2 percent to $10.58 billion.

(Reporting by Sanjana Shivdas in Bengaluru)

Source: OANN

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2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa
2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa, U.S., April 16, 2019. REUTERS/Elijah Nouvelage

April 26, 2019

By James Oliphant

MARSHALLTOWN, Iowa (Reuters) – Four years ago, Donald Trump campaigned in small towns like Marshalltown, Iowa, vowing to restore economic prosperity to the U.S. heartland.

In his bid to replace Trump in the White House, Pete Buttigieg is taking a similar tack. The difference, he says, is that he can point to a model of success: South Bend, Indiana, the revitalized city where he has been mayor since 2012.

The Democratic presidential contender has vaulted to the congested field’s top tier in recent weeks, drawing media and donor attention for his youth, history-making status as the first openly gay major presidential candidate and a resume that includes military service in Afghanistan.

But Buttigieg’s main argument for his candidacy is that he is a turnaround artist in the mold of Trump, although the Democrat does not expressly invoke the comparison with the Republican president.

“I’m not going around saying we’ve fixed every problem we’ve got,” Buttigieg, 37, said after a house party with voters in Marshalltown. “But I’m proud of what we have done together, and I think it’s a very powerful story.”

Critics argue improving the fortunes of a Midwestern city of 100,000 people does not qualify Buttigieg, who has never held national office, for the presidency of a country of 330 million. Others say South Bend still has pockets of despair and that minorities, in particular, have failed to benefit from its growth.

Buttigieg has told crowds in Iowa and elsewhere that his experience in reviving a struggling Rust Belt community allows him to make a case to voters that other Democratic candidates cannot. That may give him the means to win back some of the disaffected Democratic voters who turned their backs on Hillary Clinton in 2016 to vote for Trump.

Watching Buttigieg at a union hall in Des Moines last week, Rick Ryan, 45, a member of the United Steelworkers, lamented how many of his fellow union workers voted for Trump. The president turned in the best performance by a Republican among union households since Ronald Reagan in 1984.

Ryan said he hoped someone like Buttigieg could return them to the Democratic fold.

“He’s aware of the decline in the labor force in America, not just in Indiana or Des Moines or anywhere else,” Ryan said. “Jobs are going overseas. We need a find to way to bring that back.”

Randy Tucker, 56, of Pleasant Hill, Iowa, a member of the International Brotherhood of Electrical Workers, said Trump appealed to union members “desperate for somebody to reach out to them, to help them, to listen to their voice.”

Buttigieg could do the same, he said. “In my heart right now, he’s No. 1.”

PAST VS. FUTURE

Buttigieg stresses a key difference in his and Trump’s approaches.

Trump, he tells crowds, is mired in the past, promising to rebuild the 20th century industrial economy. Buttigieg argues the pledge is misleading and unrealistic.

Buttigieg says his focus is on the future, and he often talks about what the country might look like decades from now.

“The only way that we can cultivate what makes America great is to look to the future and not be afraid of it,” Buttigieg said in Marshalltown.

Buttigieg knows his sexual preference may be a barrier to winning some blue-collar voters. But he notes that after he came out as gay in 2015, he won a second term as mayor with 80 percent of the vote in conservative Indiana.

Earlier this month, he announced his presidential bid at the hulking plant in South Bend that stopped making Studebaker autos more than 50 years ago. After lying dormant for decades, the building is being transformed into a high-tech hub after Buttigieg and other city leaders realized it would never again attract a large-scale industrial company.

“That building sat as a powerful reminder. We hoped we would get back that major employer that would fix our economy,” said Jeff Rea, president of the regional Chamber of Commerce.

Buttigieg is praised locally for spurring more than $100 million in downtown investment. During his two terms, unemployment has fallen to 4.1 percent from 11.8 percent.

But a study released in 2017 by the nonprofit group Prosperity Now said not all of the city’s residents had shared in its rebound. The median income for African-Americans remained half that of whites, while the unemployment rate for blacks was double.

Regina Williams-Preston, a city councilor running to replace Buttigieg as mayor, credits him for the revitalized downtown. But she said he had a “blind spot” when it came to focusing on troubled neighborhoods like the one she represents and only grew more engaged after community pressure.

“He understands it now,” she said. “The next step is figuring out how to open the doors of opportunity for everyone.”

‘ONE OF US’

Trump touts the fact that the United States added almost 300,000 manufacturing jobs last year as evidence he made good on his promise to restore the industrial sector. But that growth still left the country with fewer manufacturing jobs than in 2008.

The robust U.S. economy is likely the president’s greatest asset in his re-election bid, particularly in states he carried in 2016 such as Iowa, Wisconsin, Michigan and Pennsylvania. He won Buttigieg’s home state by 19 points over Clinton in 2016.

Sean Bagniewski, chairman of the Democratic Party in Polk County, Iowa, said Buttigieg would be well positioned to compete with Trump in the Midwest.

“People love the fact that he’s a mayor,” said Bagniewski, who has not endorsed a candidate in the nominating contest. “If you can talk about a positive future, and if you actually have experience that can do it, that’s a compelling vision in Iowa.”

Nan Whaley, the mayor of Dayton, Ohio, which faces many of the same challenges as South Bend, agreed.

“He’s one of us,” Whaley said. “That helps.”

(Reporting by James Oliphant; Editing by Colleen Jenkins and Peter Cooney)

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

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FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

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