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Senators ask U.S. border agency about reported tracking of journalists

FILE PHOTO - U.S. Customs and Border Protection agents participate in a test deployment during a large-scale operational readiness exercise at the San Ysidro port of entry with Mexico in San Diego, California, U.S, as seen from Tijuana
FILE PHOTO - U.S. Customs and Border Protection agents participate in a test deployment during a large-scale operational readiness exercise at the San Ysidro port of entry with Mexico in San Diego, California, U.S, as seen from Tijuana, Mexico January 10, 2019. REUTERS/Jorge Duenes

March 12, 2019

WASHINGTON (Reuters) – Two senior U.S. senators asked U.S. Customs and Border Protection on Monday to provide information on a report that the agency inappropriately tracked seven American journalists covering the migrant caravan from Central America last year.

Republican Chuck Grassley, chairman of the Senate Finance Committee, and Ron Wyden, the panel’s top Democrat, wrote a letter to CBP Commissioner Kevin McAleenan asking for an unclassified briefing no later than Thursday.

They cited news reports alleging the border agency and the Department of Homeland Security “inappropriately flagged for scrutiny seven American journalists.”

“Unless CBP had reason to believe the individuals in question were inciting violence or physical conflict, it is deeply concerning that CBP appears to have targeted American journalists at our borders,” Grassley and Wyden wrote.

Representatives of the agency did not immediately respond to Reuters requests for comment on Monday.

The senators referred to an NBC News report last week about documents listing 10 journalists, an attorney and 47 others, some of them labeled organizers and instigators from the United States and elsewhere.

The NBC affiliate in San Diego, KNSD-TV, said it received the documents from an unidentified source in the Department of Homeland Security, which includes Customs and Border Protection.

At least three journalists and the attorney listed on the documents were unable to enter Mexico to work because of alerts placed on their passports and others have been subject to secondary screenings when crossing the border, the news station reported.

Reuters did not see the documents and was unable independently to corroborate NBC’s findings. One of the journalists the station said was listed was Go Nakamura, a photographer who has done several freelance assignments for Reuters and began covering the caravan on Nov. 10.

CBP spokesman Andrew Meehan said in a statement last week that the tracking was related to assaults on agents that occurred during November and January. CBP does not target journalists for inspections, he said.

(Reporting by Mohammad Zargham; Editing by Peter Cooney)

Source: OANN

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Venezuela bars Guaido from holding public office for 15 years

Venezuelan opposition leader Juan Guaido, who many nations have recognized as the country's rightful interim ruler, takes part in a meeting regarding the condition of the water and electricity systems in Caracas
Venezuelan opposition leader Juan Guaido, who many nations have recognized as the country's rightful interim ruler, takes part in a meeting regarding the condition of the water and electricity systems in Caracas, Venezuela, Venezuela, March 28, 2019. REUTERS/Manaure Quintero

March 28, 2019

CARACAS (Reuters) – Venezuelan opposition leader Juan Guaido is to be barred from holding public office for 15 years, the maximum punishment allowable by law, state comptroller Elvis Amoroso said on Thursday.

Amoroso said Guaido, the head of the opposition-controlled National Assembly who invoked the constitution to assume an interim presidency in January, had inconsistencies in his personal financial disclosures and a spending record that did not match his level of income.

(Reporting by Caracas newsroom; Writing by Luc Cohen, Editing by Rosalba O’Brien)

Source: OANN

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Texas family finds cat that vanished over 10 years ago

More than 10 years after their cat vanished, a family in Texas is back home with their furry friend.

Fergie was taken in by the Fulton family in 2006, when she was a kitten, owner Elyse Fulton said. The cat, she told Fox affiliate KDFW, "was a great cat, super friendly and just real loving and just a nice cat."

GOVERNMENT PUTS A STOP TO DEADLY CAT EXPERIMENTS AS PART OF FOOD SAFETY RESEARCH

When the family asked a friend to take care of Fergie and their home, based in Lucas, a city roughly 30 miles northeast of Dallas, the cat vanished.

“We didn’t know what happened to her,” Fulton told the news station. “What we think, what we heard was maybe somebody picked her up to rescue her and that was the last that we heard of her.”

But Fulton said that this week their family received a surprising call — someone found Fergie.

An animal hospital in the area said that someone found Fergie and brought her to the vet. After the hospital scanned her microchip, they contacted the Fultons, asking if they were missing their cat.

"I was like, ‘Sure, like for 10 years now,’” Fulton said she told the vet. “I was just stunned. I was absolutely blown out of the water."

Microchips, according to the Humane Society, "are tiny transponders, about the size of a grain of rice, that can be implanted in your pet's skin by many veterinarians and animal shelters."

Animal rescuers advise that the microchip shouldn't be a pet owner's only method of pet identification, as it takes a special scanner, typically owned by animal control or shelters, to read them. The animal organization recommends that pet owners use identification tags, like a collar with a nameplate, with their pets.

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Fulton said that Fergie is settling into her new — or rather, old — home just fine.

“She went right back to being the princess cat she was before she left," the pet owner said. "You know, she’s sleeping on the bed. She knows what a litter box is and all that. Eating good and, again, just seems really happy to be home."

Source: Fox News National

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MLB notebook: Kershaw will miss Opening Day start

FILE PHOTO: MLB: Spring Training-Chicago Cubs at Los Angeles Dodgers
FILE PHOTO: Feb 25, 2019; Phoenix, AZ, USA; Los Angeles Dodgers starting pitcher Clayton Kershaw (22) looks on prior to facing the Chicago Cubs at Camelback Ranch. Mandatory Credit: Joe Camporeale-USA TODAY Sports

March 19, 2019

For the first time since 2010, Clayton Kershaw won’t be the Opening Day starter for the Los Angeles Dodgers.

The left-hander, who has started a club-record eight straight openers, was ruled out of the March 28 start against the Arizona Diamondbacks due to the persistent shoulder inflammation he has dealt with all spring. He has yet to pitch in a spring training game.

“When he’s ready to pitch for us is when he’s going to pitch for us,” said manager Dave Roberts, adding that it was unlikely Kershaw will begin the season on the active roster.

Roberts didn’t announce an Opening Day starter on Monday, but right-hander Walker Buehler is definitely in the mix. The last Opening Day starter for the Dodgers not named Kershaw was Vicente Padilla in 2010.

–Atlanta Braves right-hander Julio Teheran is set to make his sixth consecutive Opening Day start, which would tie him with Hall of Famer Warren Spahn for the longest modern-day streak in franchise history.

Teheran’s Opening Day streak is now the longest current one in the majors after the Dodgers said that Kershaw’s streak will end at eight. Spahn opened six seasons in a row from 1957 to 1962, when the Braves were in Milwaukee.

Teheran, 28, has spent all eight of his major league seasons with the Braves, compiling a 67-62 record with a 3.64 ERA. Teheran went 9-9 last season with a 3.94 ERA, striking out 162 and walking 84 in 175 2/3 innings over 31 starts.

–A poor spring training won’t prevent Ichiro Suzuki from starting the Seattle Mariners’ opener in his native Japan.

Seattle manager Scott Servais said Ichiro will be in the starting lineup Wednesday when the Mariners face the Oakland Athletics in Tokyo.

Suzuki, 45, is just 2-for-31 this spring, but Servais has no qualms about penciling his name in the lineup.

–Texas Rangers starting pitcher Yohander Mendez will miss the first half of the season because of an elbow injury, team officials announced.

The 24-year-old exited his spring training start Sunday in the third inning after losing velocity and feeling tightness in his pitching elbow. An MRI revealed a Grade 1 strain of the ulnar collateral ligament. The left-hander will not need Tommy John surgery.

The plan is to give him six weeks of rest, followed by about another six weeks of a throwing program.

–Boston Red Sox second baseman Dustin Pedroia will not break camp with the team and instead will begin the 2019 season on the injured list.

Pedroia expects to remain in Florida and play extended spring training games to build strength in his surgically repaired left knee. Manager Alex Cora said there is no reason to fear a long-term absence from Pedroia.

Utility options Brock Holt and Eduardo Nunez are likely to platoon at second base with Pedroia out of the mix.

–In the midst of the Philadelphia Phillies’ late-season collapse in 2018, Carlos Santana apparently provided the biggest hit in the team’s clubhouse.

Philadelphia posted an abysmal 8-20 record in September after having the best record in baseball in late July, and the team’s then-first baseman — now with the Cleveland Indians — reportedly took his bat to the clubhouse television upon discovering his younger teammates playing the video game Fortnite during one game against rival Atlanta.

“I see a couple players — I don’t want to say names — they play video games during the game,” the 32-year-old veteran told ESPN, relating how he slugged the TV the players were using. “We come and lose too many games, and I feel like they weren’t worried about it — weren’t respecting their teammates or coaches or the staff or the (front) office. It’s not my personality. But I’m angry because I want to make it good.”

–Field Level Media

Source: OANN

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Ex-Hong Kong official sentenced to three years in prison in U.S. bribery case

Chi Ping Patrick Ho is sentenced by U.S. District Judge Loretta Preska in New York
Chi Ping Patrick Ho sentenced in a bribery trial by U.S. District Judge Loretta Preska in New York, U.S., March 25, 2019. REUTERS/Jane Rosenberg

March 25, 2019

By Brendan Pierson

NEW YORK (Reuters) – A former Hong Kong government official was sentenced to three years in prison on Monday by a U.S. judge following his conviction for bribing officials in Chad and Uganda in exchange for contracts for a Chinese energy company.

Chi Ping Patrick Ho, 69, was sentenced by U.S. District Judge Loretta Preska in Manhattan federal court, where he had been found guilty of seven criminal charges last December. Ho, who has been in jail since his arrest 16 months ago, had sought a sentence of time served, while prosecutors had sought five years.

Preska said her sentence took into account Ho’s “extraordinary” history of charity, which included becoming a mentor to another prison inmate whom she had sentenced.

“I feel great remorse that my actions and my situation have caused too heavy a burden on my family,” Ho said in court before being sentenced. “I am deeply sorry.”

Edward Kim, Ho’s lawyer, said he and his client were considering options for appeal.

Ho was arrested in November 2017 on charges of violating U.S. foreign corruption law, money laundering and conspiracy. Prosecutors said he arranged bribes on behalf of Shanghai-based energy conglomerate CEFC China Energy.

At the time of his arrest, Ho was secretary-general of the Hong Kong-based China Energy Fund Committee, which was funded by CEFC China Energy.

Prosecutors said Ho caused the energy company to offer a $2 million bribe to the president of Chad, Idriss Deby, in 2015 in exchange for exclusive oil rights in that country.

The government of Chad has denied the U.S. charges.

Prosecutors also said that Ho caused $500,000 to be wired to Uganda’s foreign minister in 2016, with the promise of further payments in the future, to secure favors for the Chinese company, including the potential acquisition of a Ugandan bank.

Sam Kutesa, who previously served as president of the U.N. General Assembly, has been Uganda’s foreign minister since 2015. Uganda has denied the allegations.

In arguing for a tougher sentence, prosecutors said in court filings that Ho had not accepted responsibility, pointing to emails he sent from jail.

In one email, Ho described himself as “the first of the sacrificial lambs” of hostility between the United States and China.

Ho sent that email following an exchange about the arrest of Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou on U.S. charges in Canada, which has fueled tensions between the two countries.

(Reporting by Brendan Pierson in New York; Editing by Matthew Lewis)

Source: OANN

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US long-term mortgage rates up for 4th week; 30-year 4.20%

U.S. long-term mortgage rates rose this week for the fourth straight week, though they remain historically low as a spur to home sales in the spring buying season.

Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage increased to 4.20% from 4.17% last week. By contrast, a year ago the benchmark rate stood at 4.58%.

The average rate for 15-year, fixed-rate home loans rose this week to 3.64% from 3.62% last week.

After peaking at nearly 5% in November, long-term rates started trending downward, helping to boost home sales after a rocky 2018.

Source: Fox News National

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The Tax Cuts and Jobs Act Is Working

The Tax Cuts and Jobs Act Is Working

AP Photo/Jose Luis Magana

Treasury Secretary Steven Mnuchin writes that the American economy is stronger today than it was before the Tax Cuts and Jobs Act. President Trump's economic program is leading to more jobs and higher wages for hardworking Americans, Mnuchin writes.

Read Full Article »

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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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Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

Source: OANN

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FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.

The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest more aggressively to compete with Amazon and its delivery, analysts said.

Retailers in recent years have poured billions into ecommerce and faster shipping options and are trying to close the gap with Amazon.

“This is about making it more expensive to catch up and affirms our world view that only the largest and smartest will survive,” Bernstein analyst Brandon Fletcher said.

The move is expected to heighten consumer expectations on e-commerce delivery just like Amazon did with its two-day shipping option for members of its loyalty club Prime, noted analysts.

“The faster you ship, the more people buy,” RBC Capital Markets analyst Mark Mahaney said.

The challenge for non-Amazon players was that very few of the existing logistics and parcel delivery players now have the ability to do nationwide one-day delivery, Morgan Stanley analyst Brian Nowak said.

“And even fewer can do it at the vast scale and reasonable cost that AMZN would need for Prime delivery,” Nowak said in a note.

Walmart Inc’s shares fell about 3 percent, while Target Corp dropped about 5 percent in morning trade.

Shares of Kohl’s Corp, Macy’s Inc and Nordstrom Inc fell about 1 percent. Grocer Kroger Co was nearly 3 percent lower, while consumer electronics retailer Best Buy Inc dropped 2.1 percent.

(Reporting by Soundarya J and Akanksha Rana in Bengaluru; Editing by Maju Samuel)

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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