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Indian rupee bulls dig in as investors grapple with elections across Asia: Reuters poll

A customer hands a 50-Indian rupee note to an attendant at a fuel station in Ahmedabad
A customer hands a 50-Indian rupee note to an attendant at a fuel station in Ahmedabad, India, October 5, 2018. REUTERS/Amit Dave

April 11, 2019

By Nikhil Nainan

(Reuters) – A tale of two elections saw investors raise their bullish bets on the Indian rupee over the past two weeks while long positions on the Thai baht unraveled to their lowest this year, a Reuters poll showed.

Foreign investors have plowed billions of dollars into India ahead of an election process spread over seven phases and ending only toward the end of next month with nearly 900 million people eligible to vote. The process begins on Thursday.

Investors, who only turned bullish on the rupee at the start of March for the first time in nearly a year, have since raised their long positions to their highest since January of last year, the poll of 14 respondents showed.

The prospect that Prime Minister Narendra Modi and his party will manage to just about win a parliamentary majority has sparked net inflows of over $8 billion into equities so far this year as of April 9. More than half of the inflows occurred in March alone.

On the other hand, Thailand, which is still reeling from the fallout of uncertainty surrounding its election at the end of March, has seen investors unwind some of their long positions on the baht gradually built up during the first two months of the year.

The baht, however, still remains the best performing currency so far this year among its regional peers, gaining about 2.5 percent thus far.

Final results of the Thai election will be announced on May 9.

“Two-directional risk remains high and both currencies could still move either way depending on how the election news develops over the next few weeks,” said Julian Wee, a South Asia investment strategist at Credit Suisse.

(Graphic: Foreign flows into India and Thailand – https://tmsnrt.rs/2X2bO6Y)

Indonesia, Southeast Asia’s largest economy, also heads into elections next week with investors turning bullish on the rupiah once again after a month’s hiatus.

Elsewhere, investors trimmed long positions on China’s yuan to their lowest since turning bullish in January.

There has been progress toward a trade deal between China and the United States but U.S. officials say there are still important issues for the countries to address. However, the fallout from the months-long trade war has resulted in weak economic data, posing concerns for the health of the global economy.

In response, China has undertaken massive stimulus measures to reinvigorate its economy, which analysts at HSBC say will boost growth as it filters through in the coming quarters.

The Asian currency positioning poll is focused on what analysts and fund managers believe are the current market positions in nine Asian emerging market currencies: the Chinese yuan, South Korean won, Singapore dollar, Indonesian rupiah, Taiwan dollar, Indian rupee, Philippine peso, Malaysian ringgit and the Thai baht.

The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3. A score of plus 3 indicates the market is significantly long U.S. dollars.

The figures include positions held through non-deliverable forwards (NDFs).

(Reporting by Nikhil Kurian Nainan, additional reporting by Gaurav Dogra; polling by Niyati Shetty and Mensholong Lepcha in Bengaluru; Editing by Jacqueline Wong)

Source: OANN

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German police: NZ attack suspect sent money to French group

German police say the suspected New Zealand mosque gunman sent money to a French far-right group.

On Thursday, the Federal Criminal Police Office said it briefed lawmakers on its investigation into ties the alleged Christchurch mosque attacker had to Germany, including buying a ticket to Neuschwanstein Castle last November.

The closed-doors briefing Wednesday also covered money that the suspect, Brenton Harrison Tarrant, transferred to the Generation Identity group in France.

Federal police declined to elaborate, but the German news agency dpa reported the suspect transferred 2,200 euros ($2,470) in September 2017.

Austrian authorities say Tarrant also donated 1,500 euros ($1,680) to Generation Identity's sister organization, the Identitarian Movement of Austria.

New Zealand police said Thursday that Tarrant will face 50 murder charges and 39 attempted murder charges in his second court appearance.

Source: Fox News World

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House committee chairman warns of subpoenas in White House security clearance probe

House Oversight Committee Chairman Cummings waves his gavel during Michael Cohen hearing on Capitol Hill in Washington
Chairman of the House Committee on Oversight and Reform Committee Elijah Cummings (D-MD) waves his gavel as Michael Cohen, the former personal attorney of U.S. President Donald Trump, testifies on Capitol Hill in Washington, U.S., February 27, 2019. REUTERS/Joshua Roberts

April 1, 2019

By Ginger Gibson and Mark Hosenball

WASHINGTON (Reuters) – U.S. House Oversight Committee Chairman Elijah Cummings on Monday threatened to begin subpoenaing current and former White House officials as part of his panel’s investigation of security clearances issued under President Donald Trump, including that of his son-in-law Jared Kushner.

In a letter to White House Counsel Pat Cipollone on Monday, Cummings said his panel would look to authorize a subpoena for former White House personnel security director Carl Kline at a committee meeting on Tuesday. He called on the White House to forestall additional subpoenas by providing documents sought by the committee.

Cummings letter was the second sent from Congress on Monday warning the White House of pending subpoenas as the Democratic-controlled Congress seeks to compel the administration to comply with wide-ranging investigations.

House Judiciary Chairman Jerry Nadler informed the administration on Monday that he intends to subpoena Special Counsel Robert Muller’s full report on his investigation into alleged Russian meddling in the 2016 presidential election.

The White House did not immediately respond to a request for comment.

(Writing by David Morgan; Reporting by Ginger Gibson, Mark Hosenball and David Morgan; Editing by Bill Trott)

Source: OANN

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Ford CFO Bob Shanks to retire

FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo

March 21, 2019

(Reuters) – Ford Motor Co said on Thursday its Chief Financial Officer Bob Shanks would retire at the end of 2019.

Shanks, 66, will be succeeded by Tim Stone, who served 20 years at Amazon, and was the former CFO of Snap Inc.

Stone will join Ford on April 15 as a company officer and assume the role of chief financial officer on June 1, Ford said.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by James Emmanuel)

Source: OANN

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Russian lawmaker proposes ‘reset’ in U.S. ties after Mueller report

National flags of Russia and U.S. fly at Vnukovo International Airport in Moscow
FILE PHOTO - National flags of Russia and the U.S. fly at Vnukovo International Airport in Moscow, Russia April 11, 2017. REUTERS/Maxim Shemetov

March 25, 2019

MOSCOW (Reuters) – Moscow would be happy to mend ties with Washington after a report by U.S. Special Counsel Robert Mueller found no evidence of collusion between Donald Trump’s campaign and Russia in the 2016 election, a senior Russian lawmaker said on Monday.

Mueller found no evidence of collusion but left unresolved the issue of whether Trump obstructed justice by undermining the investigations that have dogged his presidency.

“In any case, there is an opportunity to reset a lot in our relations but it is still a question as to whether Trump would risk that. We of course are ready,” Russian lawmaker Konstantin Kosachev said.

(Reporting by Maxim Rodionov and Polina Devitt; Writing by Tom Balmforth; Editing by Paul Tait)

Source: OANN

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Watch Live: Democrats Panic As Mueller Report Offers No Collusion with Trump and Russia

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Source: InfoWars

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NFL notebook: Colts reportedly sign LB Houston

FILE PHOTO: San Francisco 49ers quarterback Colin Kaepernick prepares to take the field before an NFL game against the Tampa Bay Buccaneers at Levi's Stadium in Santa Clara
FILE PHOTO: San Francisco 49ers quarterback Colin Kaepernick prepares to take the field before an NFL game against the Tampa Bay Buccaneers at Levi's Stadium in Santa Clara, California, U.S. October 23, 2016. Picture taken October 23, 2016. REUTERS/Loren Elliott

March 22, 2019

The Indianapolis Colts have signed former Kansas City Chiefs linebacker Justin Houston to a two-year, $24 million contract, ESPN’s Adam Schefter reported Thursday.

Houston registered 78 1/2 sacks in 102 games with the Chiefs from 2011-18, including a league-high 22 sacks in 2014.

The Chiefs released the 30-year-old pass rusher earlier this month when they could not find a trading partner. The four-time Pro Bowl selection had been due $15.25 million in base salary in 2019.

Colts general manager Chris Ballard knows Houston from his time in Kansas City, where he served as director of player personnel (2013-14) and director of football operations (2015-16).

–Colin Kaepernick and Eric Reid will share less than $10 million in the settlement of their collusion case against the NFL, according to the Wall Street Journal.

The settlement was announced last month, but financial terms were withheld due to a confidentiality agreement.

Kaepernick, the former quarterback of the San Francisco 49ers, opted out of his contract in March 2017 to pursue free agency. But when he found no takers, he filed a grievance against the league seven months later. Reid, the former 49ers safety who was the first player to join Kaepernick in 2016 by kneeling in protest during the national anthem, filed his own collusion case against the NFL in May 2018, and the grievances were later combined into a joint case.

–The Ravens have reached a two-year agreement to keep quarterback Robert Griffin III in Baltimore, pending the results of a physical. Terms of the deal were not disclosed.

The 29-year-old former Rookie of the Year will continue his role as a backup and mentor to Lamar Jackson. Griffin played in three games for the Ravens in 2018 and completed 2 of 6 passes for 21 yards.

–The Los Angeles Rams and Dallas Cowboys will play a preseason game this summer in Hawaii.

The defending NFC West and NFC East champions will meet Aug. 17 at Aloha Stadium in Honolulu. It will be the second preseason game for both teams and the first NFL exhibition game played in Hawaii since 1976, when the San Francisco 49ers played the then-San Diego Chargers.

–Restricted free agent cornerback Darqueze Dennard re-signed with the Cincinnati Bengals, reportedly rejecting offers from the Chiefs and other teams, per NFL Network.

A first-round pick in 2014 out of Michigan State, the 27-year-old Dennard has played in 68 games (19 starts) and registered 227 tackles, three interceptions and three sacks.

–Free agent tight end Jared Cook is close to a contract agreement with the New Orleans Saints, NFL Network reported.

Cook turns 32 next month but has been productive in stints with the Oakland Raiders, Green Bay Packers, then-St. Louis Rams and Tennessee Titans. He had 68 receptions for 896 yards and six touchdowns with the Raiders in 2018.

–Defensive end Vinny Curry is returning to the Philadelphia Eagles, agreeing to a deal after playing one season with the Tampa Bay Buccaneers.

Curry, 30, was released by the Bucs in March in a move that cleared $8 million in 2019 cap space. He won a Super Bowl with the Eagles two years ago and adds depth to a defensive line that has lost Michael Bennett and Haloti Ngata.

–New Orleans Saints wide receiver Cameron Meredith agreed to a pay cut that saves the team $2.3 million in cap space for the upcoming season. His cap hit is now $4.15 million, down from $6.45 million.

A knee injury limited Meredith, 26, to just six games in the 2018 season. He caught nine passes for 114 yards and a touchdown last season. He has 86 catches and five touchdowns in his three-year career.

–The Arizona Cardinals reached a two-year deal with defensive lineman Darius Philon, the NFL Network reported. The deal is worth $10 million — $12 million with incentives — with $5 million guaranteed, according to the report.

Philon, 25, played in all 16 games with the Chargers last season, starting 13. He recorded four sacks, 33 tackles and a forced fumble.

–Field Level Media

Source: OANN

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

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Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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