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Tennis: Barty beats doubles partner Azarenka to level Fed Cup semi-final

FILE PHOTO - Tennis: Miami Open
FILE PHOTO - Mar 30, 2019; Miami Gardens, FL, USA; Ashleigh Barty of Australia returns a shot back to Karolina Pliskova of the Czech Republic (not pictured) during the woman's finals at the Miami Open at Miami Open Tennis Complex. Mandatory Credit: Steve Mitchell-USA TODAY Sports

April 20, 2019

SYDNEY (Reuters) – World number nine Ashleigh Barty kept alive Australia’s hopes of advancing to their first Fed Cup final in 26 years when she beat former world number one Victoria Azarenka in the second singles of the tie against Belarus in Brisbane on Saturday.

Barty had some trouble in the first set against the two-time Australian Open champion and saved three break points at 5-5 to go on to win 7-6(2) 6-3 and level the tie at 1-1.

Aryna Sabalenka earlier gave Belarus a strong start to the tie when she beat former U.S. Open champion Sam Stosur 7-5 5-7 6-3 in two hours, 47 minutes.

“I knew the first set would be key,” Barty said of her match against her current doubles partner.

“I dug myself into a hole in that 5-5 game but I went back to what I do well and got out of it.

“For me it was just about me coming out and doing every thing right. I prepared really well all week.”

World number 10 Sabalenka looked completely out of sorts in the first two sets against Stosur, with both players struggling to hold serve.

Sabalenka, however, turned up her power game in the third and after establishing a 4-1 lead blew her first match point opportunity in the eighth game on Stosur’s serve when she blasted a backhand volley wide with the court open.

She raced out to a 40-0 lead in the next game and while Stosur saved her second match point, the Australian sent a backhand long on the next point that gave Belarus a 1-0 lead.

“It was an unbelievable match,” Sabalenka said. “She played so quick, I couldn’t touch the ball on her returns. You must fight for each point.

“I’m happy to have handled her level today.”

Australia captain Alicia Molik praised Stosur’s performance but also hinted that she may change her lineup for the reverse singles on Sunday, depending on how the 35-year-old recovers.

Australia are attempting to reach their first Fed Cup final since 1993. They have not won the title since 1974.

Belarus were beaten 3-2 by the United States in their only Fed Cup final appearance in Minsk in 2017.

(Reporting by Greg Stutchbury in Wellington; Editing by Sudipto Ganguly)

Source: OANN

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Barrick CEO defends $18 billion hostile Newmont bid as logical tie-up

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
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/File Photo

February 25, 2019

By Ernest Scheyder

HOLLYWOOD, Fla. (Reuters) – Barrick Gold Corp’s chief executive defended the world’s largest gold producer’s hostile $18 billion bid for Newmont Mining Corp, saying on Monday the deal is “logical” for an industry battling high costs and depleting resources.

Barrick, which recently completed a $6.1 billion acquisition of Africa-focused Randgold Resources, launched its all-stock bid on Monday, encouraging the U.S. rival to ditch a previously announced $10 billion takeover of Canada’s Goldcorp Inc.

“This gold industry needs to become more relevant to investors,” CEO Mark Bristow said in an interview on the sidelines of the BMO Global Metals & Mining Conference in Hollywood, Florida.

Bristow, known for his straight-talking and hands-on approach in running Randgold before the merger, said this deal “drives a further rationalization in our industry.”

Gold mergers and acquisitions have been scarce in recent years as companies focused on cutting costs in the face of investor criticism about capital management. But the need to bolster shrinking gold reserves to boost growth and take advantage of rising prices are providing the impetus for consolidation.

Barrick’s offer for Newmont has pushed the combined value of unsolicited M&A deals globally to $48.2 billion so far this year, the highest since 2006, according to data from Refinitiv.

Newmont said it had reviewed and rejected possible deals with Barrick and said its own $10 billion planned purchase of Goldcorp made more business sense.

“One has to question what the true motives behind going hostile are: Whether it’s really just to get bigger or it’s all ego-driven,” Newmont CEO Gary Goldberg told Reuters at the BMO conference, adding Newmont shareholders “don’t understand it (and) don’t see the value potential.”

Barrick said its acquisition of Newmont was contingent on the company scrapping the deal to buy Toronto-listed Goldcorp, adding that its offer was a “significantly superior” option for Newmont shareholders.

Goldberg said earlier on Monday a joint venture was a better way to extract value from the two companies’ mines in Nevada, the largest producer of gold and silver among U.S. states.

Newmont has 19 mines in the state, adjacent to Barrick’s own operations. Reuters had reported https://www.reuters.com/article/us-barrick-gold-newmont-mining/barrick-in-talks-with-newmont-to-combine-nevada-gold-operations-sources-idUSKCN1NA1GC in November that the miners were in talks to combine their operations in the state.

Talks of a joint venture fell through over Newmont’s demand for management control, Barrick’s Bristow said on a conference call with analysts. The deal marks Bristow’s first major strategic move at Barrick since taking the top position in January.

Newmont’s board of directors would “fully evaluate the Barrick proposal and respond in due course,” the company said.

Gold sector deals took off when Barrick paid $6.1 billion for rival Randgold, a deal that closed last month. That set off a fresh wave of bids, including Newmont’s offer for smaller miner Goldcorp, which would make the Colorado-based firm the world’s top gold miner if it closes as planned next quarter.

Shares of Newmont fell 0.7 percent to $36.22 at mid-afternoon, while Barrick’s Toronto shares dropped 2.7 percent.

Barrick is offering 2.5694 of its common shares for each Newmont share. That translates to about $33 per Newmont share, valuing the company at $17.85 billion, according to Reuters calculations.

The deals come as gold prices are rising, with gains of some 11 percent since October.

Newmont shareholders would hold about 44 percent of the combined company’s outstanding shares.

Barrick said the new company would match Newmont’s annual dividend of 56 cents per share which, based on the offer, would represent a pro-forma annual dividend of 22 cents per Barrick share.

(Additional reporting by John Benny in Bengaluru; Editing by Richard Chang and Phil Berlowitz)

Source: OANN

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Venezuela’s Maduro plans ‘deep restructuring’ of government: VP

Venezuela's President Nicolas Maduro speaks during his visit to the Hydroelectric Generation System on the Caroni River, near Ciudad Guayana
Venezuela's President Nicolas Maduro speaks during his visit to the Hydroelectric Generation System on the Caroni River, near Ciudad Guayana, Bolivar State, Venezuela March 16, 2019. Miraflores Palace/Handout via REUTERS

March 17, 2019

CARACAS (Reuters) – Venezuelan President Nicolas Maduro is planning a “deep restructuring” of his government, Vice President Delcy Rodriguez said on Sunday, as the country recovers from a prolonged blackout amid a power struggle with the opposition.

“President @NicolasMaduro has asked the entire executive Cabinet to put their roles up for review in a deep restructuring of the methods and functions of the Bolivarian government, to protect the fatherland of Bolivar and Chavez from any threat,” Rodriguez wrote on Twitter, referring to independence leader Simon Bolivar and former President Hugo Chavez.

The possible reshuffling comes on the heels of a nearly weeklong blackout that paralyzed the OPEC nation, which had already been experiencing a hyperinflationary economic collapse, shortages of food and medicine and the emigration of millions of citizens.

Maduro has blamed the blackout on a cyber attack perpetrated by the United States and sabotage by the domestic opposition, but local electrical engineers told Reuters it was the result of years of underinvestment and lack of maintenance of the country’s power plants and electricity grid.

He is facing a challenge to his presidency from Juan Guaido, head of the opposition-controlled National Assembly who invoked the constitution in January to assume an interim presidency, arguing that Maduro’s May 2018 re-election was illegitimate. Most Western countries have recognized Guaido as the country’s rightful leader.

Maduro has repeatedly changed Cabinet members since taking office in 2013, with members of the military rising to posts heading the oil, interior and electricity ministries.

In a visit to electricity workers in southern Bolivar state on Saturday, Maduro pledged a restructuring of state power company Corpoelec and promised to create a unit in the armed forces focussed on protecting key infrastructure from cyber attacks.

(Reporting by Luc Cohen; Editing by Peter Cooney)

Source: OANN

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US says it will deliver aid blocked by Venezuela, setting up confrontation with Maduro regime

The U.S. government says it will position 190 metric tons of supplies by Friday, ready to deploy throughout Venezuela, according to Mark Green, the administrator of the U.S. Agency for International Development (USAID).

The problem is figuring out how to get that aid into Venezuela.

“That really is up to Juan Guaido and his people and his team," Green told Fox News. "We are working with them to try and pre-position that assistance and give them the tools to lead their people and provide hope.”

FATE OF AMERICAN CITGO EXECUTIVES HELD IN VENEZUELA UP IN THE AIR AS MADURO'S REGIME PLUNGES DEEPER INTO CRISIS

Pallets of food, medicine and hygiene kits are in neighboring Colombia and warehouses throughout the region.

Contested Venezuelan President Nicolas Maduro is blocking international aid, calling it an American attempt to overthrow his government.

"This not an earthquake. This is not a hurricane.  This is not a tornado or a flood,” Green said. “This is one man and one regime imposing dictatorial rule, imposing suffering and pain on people."

"This not an earthquake. This is not a hurricane.  This is not a tornado or a flood. This is one man and one regime imposing dictatorial rule, imposing suffering and pain on people."

— Mark Green, administrator, U.S. Agency for International Development (USAID)

Green said he’s coordinating with the Colombian government to ensure that Guaido, the opposition leader, has the aid his country needs -- though he said the next step is up to Guaido.

“We know it's not enough that the humanitarian aid enters,” Guaido said at a Caracas news conference. “We must open the humanitarian channel, no matter what."

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Guaido is organizing aid caravans to try to cross Saturday into Venezuela, potentially setting up a confrontation with the Venezuelan military.

The day before Guaido’s caravans leave for Venezuela, billionaire Richard Branson says he’s organizing a benefit concert to fund more aid for Venezuelans. Branson told the Associated Press that he’s trying to raise $100 million from viewers who would pay to watch it streamed on the internet.

Also on Friday, and on the other side of the Colombia/Venezuela border, Maduro’s government has announced a competing concert, calling it “Hands Off Venezuela.”

Source: Fox News World

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Engel, McCaul Forge Rare Bipartisan Bond

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Most top Republicans and Democrats squared off this week in fierce warfare over the Mueller report and its findings clearing President Trump of criminal collusion with Russia, but there was one island of calm in the sea of partisan enmity.

Eliot Engel, the Democratic chairman of the House Foreign Affairs Committee, and Mike McCaul, the panel’s ranking Republican, on Monday shared the stage at the American Israel Public Affairs Committee conference in Washington and publicly lauded each other’s personal integrity and shared commitment to protecting the U.S.-Israel alliance.

The easy rapport between the two lawmakers -- particularly the absence of biting words or outward signs of vitriol -- was almost jarring in an era of Twitter storms and continuous partisan recriminations.

“First of all, I think when it comes to foreign affairs, I think it’s very important that partisan politics should stop at the water’s edge – I think it’s very important that other nations see us working together – and we’ve had that tradition on the Foreign Affairs Committee,” Engel told the crowd.

McCaul, the former chairman of the Homeland Security Committee, was wholeheartedly on board.

“Eliot and I are very protective of the integrity of the committee — it should not be politicized. It should not be partisan,” he said. “In fact, when we travel overseas, we travel not as Republicans or Democrats but as Americans representing the United States of America, and that’s what is so great about it.”

The genial conversation between New Yorker Engel and Texan McCaul came the same week many Republicans were calling for several prominent Democratic lawmakers, including House Intelligence Committee Chairman Adam Schiff, to resign over their role in fueling the Trump-Russian collusion narrative.

Engel was notably absent from that list even though, as a chairman of the top foreign policy panel, he has often joined his Democratic colleagues in questioning President Trump’s ties to Russia and those of his close associates.

In the last month, Engel, along with five other Democratic chairmen, signed a letter to administration officials pressing for documents and interviews related to Trump’s communications with Russian President Vladimir Putin.  Late last week, he also signed onto a Democratic missive demanding that the Justice Department release the full Mueller report and underlying evidence to the relevant congressional committees.

Still, unlike Schiff, House Judiciary Chairman Jerry Nadler, Oversight and Reform Chairman Elijah Cummings, and other Democratic anti-Trump bulldogs, Engel hasn’t leveraged his perch on the Foreign Affairs Committee into a leading Russia-collusion antagonist on the cable news circuit, alienating Republicans in the process.  

He also hasn’t let party loyalties hinder his willingness to work with McCaul and other Foreign Affairs Committee Republicans on their many areas of broad agreement.

For the last six years, Engel and former Rep. Ed Royce, the California Republican who previously chaired the panel, enjoyed a similar camaraderie. The same type of bipartisan comity has traditionally extended across the Capitol to the Senate Foreign Relations Committee, but during the Trump administration that has become increasingly rare.

In the last two years, the cross-party collaboration actually took a perverse turn in the Senate: The former Republican chairman, Sen. Bob Corker, a top Trump GOP adversary, and the top Democrat on the committee, Sen. Bob Menendez, worked together to stymie the confirmation of dozens of the president’s State Department nominations.

Republican Sen. James Risch, who is generally viewed as more closely aligned with Trump, now chairs the panel and is expected to push back against efforts by Menendez to continue blocking the president’s nominees.

Engel and McCaul are hardly natural political allies. They share nearly opposite views when it comes to climate change, abortion, gun control and Obamacare.  But it doesn’t hurt that Engel, who is Jewish, and McCaul are both stalwart defenders of Israel even though Engel’s Democratic caucus is in the middle of a divisive public feud over support for that Mideast ally.

In recent weeks, Engel, a 30-year House veteran and one of the most senior members of his party’s caucus, has been making headlines sparring with freshmen Reps. Ilhan Omar and Rashida Tlaib, both of whom have been accused of making anti-Semitic comments. Both also support the Boycott, Divestment and Sanctions, or BDS, movement against Israel.

When Omar accused U.S. supporters of Israel of dual loyalties by pushing for “allegiance to a foreign country,” Engel led the bipartisan condemnation. He called the comment a “vile anti-Semitic slur” and demanded an apology. Omar previously had accused Israel of “hypnotizing” the world and claimed in her “it’s all about the Benjamins, baby” tweet that lawmakers support Israel in exchange for campaign funds.

Omar eventually apologized for both statements but has continued to take swipes at other Democratic leaders. On Tuesday, she pointedly criticized Speaker Nancy Pelosi’s condemnation of the BDS movement.

After Omar’s first comments sparked a bipartisan backlash, Engel pushed for passage of a resolution denouncing anti-Semitism, but Democratic leaders pivoted and included language condemning Islamophobia and white supremacy, which Republicans derided as an effort to water it down.

During their joint AIPAC appearance, both Engel and McCaul pledged do everything in their power to fortify the U.S.-Israeli relationship.

“I’m very proud of my Jewish heritage, and I’m very proud of the fact that the United States and Israel have remained good friends,” Engel said while sharing the stage with McCaul. A few minutes later he pledged to make sure “that strong bond is never broken.”

They two also readily expressed their concerns about the divisions in the Democratic caucus and what they viewed as anti-Semitic efforts to undermine the U.S.-Israel relationship.

“Yes, we have some people who say things they should not say, and I’m very happy to voice my objection to it publicly,” Engel said.

“I am deeply disturbed by some in Congress who are threatening this alliance. I don’t think I’ve seen this in the 15 years I’ve been in Congress, and I don’t have any tolerance for that,” McCaul said.

Both lawmakers also expressed deep concern about Trump’s decision, now reversed, to significantly draw down troops in Syria, where Iranian Shia militias have made inroads and ISIS could reconstitute without U.S. troops to help stabilize the area.

The two leaders, along with Risch and Menendez, are circulating a letter to Trump highlighting the mounting threats to Israel’s northern border and supporting U.S. action to stand by Israel.

Last month, the pair also teamed up on a letter demanding answers from the administration on how U.S. military equipment ended up in the hands of al-Qaeda-linked terrorists in Yemen. The letter complained about unauthorized transfers of U.S. equipment and weapons by the Saudi and UAE governments. McCaul was one of just three Republicans to sign the letter.

In early January, soon after Engel took over as chairman and the same day the Trump administration recognized opposition leader Juan Guaido as the true president of Venezuela, Engel and McCaul wrote a joint letter to Secretary of State Mike Pompeo urging him to prioritize the safety of U.S. diplomats in Caracas and requesting an “immediate” briefing on the unfolding events there.

Susan Crabtree is a veteran Washington reporter who has spent two decades covering the White House and Congress.

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North Korea’s Kim says he will coordinate views on peninsula issues with Putin

Russia's President Vladimir Putin shakes hands with North Korea leader Kim Jong Un at the Far Eastern Federal University campus at Russky Island in the far eastern city of Vladivostok, Russia
Russia's President Vladimir Putin shakes hands with North Korea leader Kim Jong Un at the Far Eastern Federal University campus at Russky Island in the far eastern city of Vladivostok, Russia April 25, 2019. REUTERS/Shamil Zhumatov

April 25, 2019

SEOUL (Reuters) – North Korean leader Kim Jong Un said on Thursday that his summit with President Vladimir Putin will help jointly assess the Korean peninsula issues and coordinate their stances.

Kim and Putin met for their unprecedented summit in the Russian city of Vladivostok, where Kim is likely to seek support from the Russian leader as nuclear talks between North Korea and the United States are hanging in limbo.

Putin told Kim he welcomed North Korea’s efforts to improve ties with the United States.

(Reporting by Hyonhee Shin and Joyce Lee; Editing by Simon Cameron-Moore)

Source: OANN

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Aramco treads carefully on Saudi ties as it markets debut bond

FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal
FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. REUTERS/Ahmed Jadallah/File Photo

April 4, 2019

By Tom Arnold, Karin Strohecker and Jennifer Ablan

LONDON/NEW YORK/DUBAI (Reuters) – For Saudi Aramco and its advisers, a debut international debt issue that could raise well over $10 billion presents a key challenge – how to forge an identity as a state-owned major while in the same league as the likes of Exxon Mobil and Shell.

At stake is the likely multi-million dollar difference in interest payments over coming years between its standing as an independent international corporate and one tied closely to the host kingdom whose oil it ships to global markets.

Having said in January it was planning its first ever international debt issue, Aramco has been meeting with investors in Asia, Europe and the United States to promote the bonds. It hasn’t commented on what was said during the sessions.

Moody’s and Fitch said Aramco’s rating was capped by their assessments of Saudi Arabia, but unconstrained by its sovereign links it would have achieved ratings that would put it at par with the likes of Exxon, the world’s largest listed oil company.

But bankers arranging the roadshow have tried to convince crossover buyers, both emerging markets funds and pure investment-grade players, about Aramco’s merits, marketing the company as having characteristics which put it above the credit worthiness of Saudi Arabia.

“We would look at it its rating against the sovereign, but there’s a lot of interest from outside the emerging markets universe from investors looking at it against international oil majors from the U.S. and Europe,” said Jan Dehn, head of research at Ashmore Group.

Previously reluctant to do so, the oil major was forced to disclose its financials to obtain public credit ratings ahead of the debt sale.

SOVEREIGN DILEMMA

Aramco’s financial data, published earlier this week, showed it generates by far the biggest profit of any company in the world, boasting core earnings of $224 billion and a net income of $111 billion.

These figures have practically guaranteed plentiful of demand for Aramco’s issue, expected next week.

Saudi Energy Minister Khalid al-Falih said earlier this year Aramco would raise around $10 billion, but the final amount will be determined by market demand.

Aramco is largely expected to offer investors a slight premium to what Saudi government bonds are offering, as that is generally the case with government-owned entities.

But the mismatch between its rating and its staggering finances has presented investors with a pricing dilemma.

“It has more of a double-A credit profile than the single-A rating it has,” said Samy Muaddi, emerging markets portfolio manager at T. Rowe Price.

“But you have to keep in mind that if the sovereign were to get into trouble, there are some financial resources, whether they be through royalties, taxes, or dividends, that could be taken from Aramco.”

Aramco has insisted on its independence over the past few days. In an online presentation seen by Reuters, a company executive said that even when oil prices declined to $45 a barrel in 2016, the kingdom remained committed to Aramco’s governance framework to safeguard its independence.

“The government borrowed on its balance sheet for its budget needs with no ask of or interference to Aramco,” the presentation said.

INVESTMENT STRATEGY

Aramco said last week it had agreed to buy the 70 percent stake held by the Saudi Public Investment Fund (PIF) in Saudi Basic Industries (SABIC) for $69.1 billion, one of the largest deals in the global chemicals industry.

While the firm said in the presentation the bonds would not be used to fund the acquisition, many investors believe the debt plans are linked to the purchase, which will give PIF, the main vehicle for Crown Prince Mohammed Bin Salman’s plan to diversify the Saudi economy away from oil, cash to push through its investment strategy.

“There is a clear connection with the sovereign, it is highly coordinated policy, particularly in terms of production targets and in some cases the price of oil and where they want to sell oil,” said Ray Singh, vice president, diversified fixed income at Eaton Vance.

According to Ashmore’s Dehn the “seamless” relationship between Aramco and the government is positive for investors.

“I would imagine they [Aramco] would be coordinating with the Saudi debt management office as the government and Aramco are pretty similar issuers and Aramco’s issue would cannibalize the government to some extent and reduce the Saudi government weighting on the JPM index.”

Some bankers and fund managers expect Aramco to issue up to $30 billion or $40 billion in bonds, but company representatives have not discussed a firm target during the roadshow.

This would allow it to focus on obtaining the right pricing without creating larger supply expectations that would impact its cost of borrowing in future issues.

Also, had Aramco announced an even larger transaction than $10 billion, this could have put some pressure on Saudi Arabia’s debt curve, as some investors would switch Saudi sovereign paper for the upcoming Aramco securities.

“But more importantly it would change the narrative Aramco put forward around the SABIC acquisition and the governance framework with the government as shareholder,” said Mohieddine Kronfol, chief investment officer of Global Sukuk and MENA Fixed Income at Franklin Templeton Investments.

“A large bond deal may imply a transfer to PIF as the main motivation rather than the opening up of Aramco.”

(Additional reporting by Reporting by Kate Duguid in New York and Davide Barbuscia in Dubai; Writing by Davide Barbuscia; Editing by David Holmes)

Source: OANN

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Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

Source: OANN

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A man accused of fatally beating a 4-month-old boy after finding out the infant wasn’t his son had been previously deported from the United States five times, most recently in late 2016, immigration officials said.

Carlos Zuniga-Aviles, a 33-year-old Honduran national, has used multiple aliases, including the fake name of Jose Agurcia-Avila he gave police in Memphis, Tennessee, following his arrest in the boy’s death earlier this month, US Immigration and Customs Enforcement officials told WMC-TV.

ICE officials have since filed an immigration detainer against Zuniga-Aviles, who was initially deported back to Honduras in February 2010. He was also returned to the Central American country in 2011, 2012, 2015 and 2016.

CLICK HERE TO READ MORE FROM THE NEW YORK POST

“ICE will seek to take him into custody to reinstate his removal order following the resolution of the criminal charges he currently faces,” the statement reads. “Mr. Zuniga-Aviles has been removed from the US five prior times: his most recent removal by ICE to Honduras took place in December 2016.”

ILLEGAL IMMIGRANT WITH CRIMINAL HISTORY ARRESTED IN CALIFORNIA WOMAN’S MURDER

Zuniga-Aviles later returned to the U.S. following his removal, a felony under federal law, immigration officials said. It’s unclear exactly when he returned, but he was living with his girlfriend and the woman’s 4-month-old son in Memphis at the time of his arrest, WREG reports.

DAD OF MAN KILLED BY ILLEGAL IMMIGRANT BLASTS CALIFORNIA GOV. NEWSOM’S TRIP TO CENTRAL AMERICA: ‘IT’S DISGUSTING’

The infant, Alexander Lizondro-Chacon, was pronounced dead at a hospital from blunt force trauma to the head after his mother, Mercy Lizondro-Chacon, called police on April 12 to report that the boy was having trouble breathing, according to an affidavit of complaint obtained by the Commercial Appeal.

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This article originally appeared in the New York Post. For more from the Post, click here.

Source: Fox News National

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Democratic presidential candidates Sen. Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont are taking aim at latest entry into the 2020 nomination race – Joe Biden.

Campaigning in Iowa hours after the former vice president officially announced his candidacy, Warren contrasted on Thursday her longtime record of taking on Wall Street with that of Biden.

JOE BIDEN OFFCIALLY LAUNCHES LONG AWAITED 2020 BID

“At a time when the biggest financial institutions in this country were trying to put the squeeze on millions of hard-working families who were in bankruptcy because of medical problems, job losses, divorce and death in the family, there was nobody to stand up for them,” said the populist senator who’s producing progressive policy proposal after another as she runs for the White House.

“I got in that fight because they just didn’t have anyone,” she said. “And Joe Biden was on the side of the credit card companies.”

The comments reignited a nearly two decades old fight between the two over the country’s bankruptcy laws.

Fox News reached out to the Biden campaign for reaction to Warren’s words but had yet to receive a response at the time this article was published.

WARREN NOT WORRIED ABOUT POLLS: ‘IT’S EARLY.. I’M RUNNING THE CAMPAIGN ITHAT I WANT TO RUN’

It’s not just Warren. The head of the Progressive Change Campaign Committee – which has backed the senator from Massachusetts – also took aim at Biden, who enters the race as the front runner in most national polls and early primary and caucus voting state surveys, slightly atop of Sanders and well ahead of the rest of the large field of 20 contenders.

“With billionaires deciding not to run, progressive candidates have been in need of a foil. If Joe Biden positions himself as the political insider from yesteryear who says big ideas like universal child care, student debt relief, and a wealth tax on ultra-millionaires are not possible, he would be an easy foil, Adam Green, the co-founder of PCCC, told Fox News.

BIDEN LAUNCH SETS UP 2020 NOMINATION FIGHT WITH FELLOW FRONT-RUNNER SANDERS

Sanders’ campaign also jabbed at Biden.

The former vice president spent Thursday evening raising campaign cash at the suburban Philadelphia home of David Cohen, a senior executive of the Comcast Corp. and a former Democratic operative.

In a fundraising email to supporters around the same time, Sanders’ campaign manager Faiz Shakir wrote that “it’s a big day in the Democratic primary and we’re hoping to end it strong. Not with a fundraiser in the home of a corporate lobbyist, but with an overwhelming number of individual donations in response to today’s news.”

Earlier in the day, a rising progressive group called Justice Democrats that has championed Sanders and Rep. Alexandria Ocasio-Cortez of New York called Biden “out of touch” and stressed that “we can’t let a so-called ‘centrist’ like Joe Biden divide the Democratic Party and turn it into the party of ‘No, we can’t.’”

Biden, of course, is considered to be more moderate than many of the current contenders for the Democratic presidential nomination, especially Warren and Sanders, who describes himself as a democratic socialist.

These kind of jabs from the candidates, their campaigns and outside groups could be foreshadow a building clash between the progressive and establishment sings of the party.

Biden has pushed back against the perception that he’s a moderate in a party that’s increasingly moving to the left. Earlier this month he described himself as an “Obama-Biden Democrat.”

Former President Barack Obama, Biden’s boss for eight years, remains extremely popular with Democrats.

BIDEN SAYS HE ASKED OBAMA NOT TO ENDORSE HIM

And Biden said he’d stack his record against “anybody who has run or who is running now or who will run.”

Highlighting his early public push for same-sex marriage, he said, “I’m not sure when everybody else came out and said they’re for gay marriage.”

Source: Fox News Politics

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FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

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FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

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