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U.S.-China trade optimism to help yuan overcome concerns over weakening economy: Reuters poll

FILE PHOTO: Chinese 100 yuan banknotes in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing
FILE PHOTO: Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, in this March 30, 2016 file picture. REUTERS/Kim Kyung-Hoon/File Photo

April 4, 2019

By Vivek Mishra

BENGALURU (Reuters) – The Chinese yuan will hold on to its recent gains against the dollar, and likely make a modest push forward from current levels over the coming year, as optimism about a U.S.-China trade deal offsets anxiety over weak domestic economic growth, a Reuters poll showed.

Having slumped about 6 percent versus the dollar in 2018, with analysts wagering in early January of a move toward 7 per dollar by mid-year, the yuan has defied pressure and gained around 2.5 percent this year.

That rebound was largely driven by progress in trade talks between Washington and Beijing and the People’s Bank of China (PBoC) setting consistently higher mid-point reference rates.

The yuan was expected to gain 0.6 percent to 6.66 per dollar in a year, from about 6.70 on Wednesday, according to the latest poll of over 60 foreign exchange strategists taken over the past week.

That is a modest upgrade to last month’s forecast.

“Trump’s backing away from tariff escalation, previously implicit in our forecasts, means our USD/CNY projections have to be lower,” noted Cliff Tan, East Asian head of global markets research at MUFG.

Market watchers have shifted their attention to the latest round of negotiations being held in Washington after both sides cited progress in discussions in Beijing last week.

“There will be a currency component in any ultimate U.S.-China trade deal and FX markets initially took that to mean USD/CNY has become a one-way bet – stronger yuan. But too strong a yuan may also make for awkward future currency diplomacy,” Tan said.

Expectations for a stronger yuan are also partly driven by changing fortunes for the dollar.

The dollar’s outlook darkened after the Federal Reserve last month abandoned projections for further interest rate hikes this year on signs of an economic slowdown.

That could help unwind last year’s slide in emerging market currencies.

“The end of the Fed’s tightening cycle now appears to be more clearly in sight, and indeed there is some risk it has already been reached. Overall, evolving Fed policy should become an increasing headwind for the U.S. dollar, and an increasing tailwind for the renminbi,” said Erik Nelson, currency strategist at Wells Fargo.

Forecasts in the latest poll showed a complete shift from a January survey when a majority of strategists had predicted the yuan to have breached or to trade at 7 per dollar by mid-year.

In the latest poll analysts were mostly optimistic on the yuan and only four respondents still forecast it to reach 7 per dollar or weaker over the coming year, attributing that pessimism to an economic slowdown and more policy easing.

“We are extremely concerned about the ability of the Chinese economy to keep stimulating growth without a significant weakness in the value of the exchange rate,” said Jane Foley, head of FX strategy at Rabobank who predicted the yuan to hit 7 per dollar rate by end-Sept.

“Trade deal might give some short-term celebration, but again in order to keep the economy growing at the sort of rate, that the government wants it to, then it is reasonable to assume that the yuan will slide below 7,” said Foley, who was the most accurate foreign exchange forecaster on major currencies in Reuters polls last year.

(Polling by Khushboo Mittal; Editing by Shri Navaratnam)

Source: OANN

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India, Pakistan push ahead with route for Sikh pilgrims, despite tension

S.C.L. Das, Joint Secretary in India's Ministry of Home Affairs, addresses a news conference after a meeting with Pakistani officials at Attari
S.C.L. Das, Joint Secretary in India's Ministry of Home Affairs, addresses a news conference after a meeting with Pakistani officials at Attari, near the northern city of Amritsar, India, March 14, 2019. REUTERS/Manish Sharma

March 14, 2019

NEW DELHI (Reuters) – India and Pakistan agreed on Thursday to go forward with a new border crossing and route for Sikh pilgrims to visit a holy temple in Pakistan, a rare glimmer of cooperation after tension flared over the neighbors’ decades-old Kashmir dispute.

The meeting was the first between the nuclear-armed foes since a dogfight between their warplanes over the Himalayan region last month led to the downing of an Indian aircraft and the capture of its pilot, since returned home.

“Both sides held detailed and constructive discussions,” the two countries said in a joint statement, after their officials met on Thursday at the Wagah checkpoint on their border to work out details of the crossing and the route.

The talks were cordial and another meeting of technical experts is planned for next week, they said, adding that both sides had agreed to work toward soon making the route operational.

The Sikh minority community in India’s northern state of Punjab and elsewhere has long sought easier access to the temple in Kartarpur, a village just over the border in Muslim-majority Pakistan.

Many Sikhs see Pakistan as the place where their religion began: its founder, Guru Nanak, was born in 1469 in a small village near the eastern Pakistani city of Lahore.

But to get there, travelers must first secure hard-to-get visas, travel to Lahore or some other major Pakistani city and then drive to the village, which is just 4 km (2-1/2 miles) distant from the Indian border.

This week’s talks follow an agreement the neighbors struck last year to open a new route, the Kartarpur corridor, giving the pilgrims direct and visa-free access to the holy site that will be fenced off.

The arch rivals have said they shot down each other’s fighter jets late last month, after tension escalated following a claim of responsibility by a Pakistan-based militant group for the deadliest attack in Kashmir’s 30-year-long insurgency that killed at least 40 Indian paramilitary troops.

(Reporting by Sanjeev Miglani; Editing by Clarence Fernandez)

Source: OANN

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Tucker Carlson Beats CNN’s Entire Line-Up Combined, So Now CNN Targets His Advertisers

After Tucker Carlson outperformed CNN’s entire prime time line-up combined, CNN published an article attacking his advertisers.

The Fox News host achieved 3,475,000 total viewers last week, beating CNN’s Anderson Cooper, Don Lemon and Chris Cuomo, who could only muster 2,474,000 viewers between the three of them.

CNN responded with an article lauding the claim that “Carlson’s commercial breaks have had only a smattering of ads from lesser-known brands.”

According to CNN, this is because the Fox News host, “made racist remarks on immigrants in December,” even though he didn’t and was merely making the factual observation that migrant caravans often leave a trail of litter behind them.

CNN then amplified Mimi Chakravorti, the executive director at the branding firm Landor, who basically threatened advertisers that if they continued to appear alongside Tucker’s show, they would be in violation of ‘the great awokening’ – in other words, the increasingly shrinking number of viewpoints that remain acceptable and politically correct to the establishment.

“If you stay you’re saying your brand is aligned with Tucker Carlson — past and present, if you leave, you’re saying you’re not aligned with Tucker’s views,” warned Chakravorti.

This is why they hate Tucker Carlson.

His message resonates with an increasing number of Americans and all CNN can do in response is to abuse their platform by lobbying for boycotts of his advertisers.

Their own tweet attacking Tucker as “racist” got ratioed, with the vast majority of respondents siding with Carlson.

CNN isn’t a media company anymore, it’s an activist organization which now devotes a huge chunk of its resources to silencing its competition.

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Source: InfoWars

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Police end search for Kelsey Berreth remains in landfill: report

Colorado police announced Wednesday that they are discontinuing an almost two-month-long landfill search for the remains of Kelsey Berreth, who police say was killed by her fiancé, Patrick Frazee.

The Woodland Park Police Department began its search on February 25, excavating a deep plot at Midway Landfill in the city of Fountain. Police failed to find any bones, teeth or other DNA remains of the former mom and flight instructor. Colorado Bureau of Investigations contacted Waste Management as early as January about a possible search, ABC 7 Denver reported.

LANDFILL SEARCHED WHERE MISSING COLORADO MOM KELSEY BERRETH’S REMAINS ARE BELIEVED TO BE LOCATED

Frazee, 32, is charged for the murder of the 29-year-old mother of his child. During a February 19 preliminary hearing, prosecutors alleged that Frazee beat Berreth to death with a baseball bat at her home, set her body on fire at the property and then used a tote to dispose of her remains at either the landfill or a nearby river, ABC 7 Denver reported.

Frazee’s girlfriend, Krystal Lee Kenney, admitted to witnessing Frazee set Berreth’s body ablaze, investigators testified. Kenney told police that Frazee repeatedly asked her to murder Berreth and later demanded she come to Colorado to help him clean up blood at Berreth’s home. The former Idaho nurse also recalled Frazee talking about disposing of Berreth’s charred remains at either a dump of a landfill, investigators said.

Berreth was last seen alive on Thanksgiving Day. Security camera footage showed her shopping at a Safeway supermarket with her 1-year-old daughter, Kaylee. Police began to search for Berreth on December 2 when her mother reported her missing. Police launched a wider investigation after Berreth’s phone pinged in Gooding, Idaho days after her disappearance.

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Berreth’s parents also filed a wrongful death lawsuit against Frazee, alleging he murdered their daughter as part of a custody battle. Frazee faces two counts of murder and three counts of solicitation to commit murder, as well as tampering with a deceased body and two crime of violence sentence enhancers, ABC 7 Denver reported. He will be arraigned in Teller County court on May 24, and no trial date has been set.

Fox News’ Katherine Lam and the Associated Press contributed to this report.

Source: Fox News National

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The Latest: Pakistan says 9 nationals killed in NZ attack

The Latest on shootings at mosques in Christchurch, New Zealand (all times local):

5:35 p.m.

Pakistan's foreign ministry spokesman says three more Pakistanis have been identified among those killed in the attacks on two mosques in New Zealand. That brings the number of Pakistanis killed to nine.

Spokesman Mohammad Faisal? in his latest tweet Sunday said Zeeshan Raza, his father Ghulam Hussain and mother Karam Bibi are now confirmed to have killed in the terrorist attack in Christchurch.

Foreign Minister Shah Mahmood Qureshi said Saturday that six Pakistanis were confirmed dead. They were identified as Sohail Shahid, Syed Jahandad Ali, Syed Areeb Ahmed, Mahboob Haroon, Naeem Rashid and his son Talha Naeem.

Rashid and Naeem gave their lives attempting to snatch the attacker's gun.

___

5:25 p.m.

New Zealand Prime Minister Jacinda Ardern says the bodies of the 50 people killed in Friday's mosque attacks will start being released to family members beginning Sunday evening.

Ardern says only a small number of bodies will be released initially, and that authorities hope to release all the bodies by Wednesday.

Islamic law calls for bodies to be cleansed and buried as soon as possible after death, usually within 24 hours.

Anguished relatives have been anxiously waiting for authorities to release the remains.

Police Commissioner Mike Bush says they are working as quickly as they can, but authorities have to be absolutely clear on the causes of death and confirm identities before they can release bodies.

___

5:05 p.m.

New Zealand Prime Minister Jacinda Ardern has reiterated her promise that there will be changes to the country's gun laws in the wake of a terrorist attack on two mosques and said her Cabinet will discuss the policy details on Monday.

At a Sunday news conference, Arden used some of her strongest language yet about gun control, saying that laws need to change and "they will change."

New Zealand has fewer restrictions on rifles or shotguns than many countries, while handguns are more tightly controlled.

Unlike the U.S., the right to own a firearm is not enshrined in New Zealand's constitution.

Ardern declined to discuss more details until she'd talked to her Cabinet, the group of top lawmakers that guides policies.

Friday's mass shootings in Christchurch killed 50 people.

___

10:05 a.m.

New Zealand police say they have found another body at one of the mosques that was attacked, raising the death toll in the shootings to 50.

New Zealand Police Commissioner Mike Bush announced the latest death in a news conference Sunday. He says 36 victims remain hospitalized, with two of them in critical condition.

Bush also said that two people arrested around the time suspect Brenton Harrison Tarrant was apprehended are not believed to have been involved in the attacks on two mosques Friday.

He says one of those people has been released and the other has been charged with firearms offenses.

Tarrant is 28 and was arraigned Saturday on the first of many expected murder charges.

Source: Fox News World

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Nunes says $250M lawsuit against Twitter is ‘the first of many,’ accuses company of ‘gaslighting’

California GOP Rep. Devin Nunes, who has opened a $250 million lawsuit against Twitter alleging that the social media company negligently failed to remove defamatory and malicious tweets against him and his family, told Fox News on Monday that the lawsuit will be "the first of many."

Appearing on Fox News’ "Hannity," Nunes said he was going after Twitter first because they “are the main proliferator” of “fake” and “slanderous” news.

“The case we’re basically making is this was an orchestrated effort. So people were targeting me, there were anonymous accounts that were developed … and these accounts are not supposed to exist. Twitter says that they don’t have accounts that do this,” he said.

NUNES SUES TWITTER, SOME USERS, SEEKS OVER $250M ALLEGING ANTI-CONSERVATIVE 'SHADOW BANS,' SMEARS

Nunes' lawsuit accuses Twitter and a handful of its users of "shadow-banning conservatives" -- including himself -- to influence the 2018 election by censoring opposing viewpoints. Acknowledging the role that Twitter plays in modern politics, Nunes accused the social media platform of “gaslighting” for all of the news and “proliferating” only the content they supposedly agree with.

“And when they’re regulating us, they're regulating what people can see on my tweets – which they’ve done – and then they’re proliferating out things that they agree with the algorithms that they develop," he said. "They need to come clean. They’re not a public square. They are content developers.”

Twitter CEO Jack Dorsey testified before Congress last year that his platform is a kind of "digital public square," although he has insisted that Twitter, as a private company, retains the right to censor speech.

TWITTER CEO: PLATFORM WAS PROBABLY 'WAY TOO AGGRESSIVE' IN BANNING ACCOUNTS

Nunes, accused Twitter of a double standard, questioning why the company would allow certain accounts -- which, by its own terms of service, he said shouldn't exist in the first place -- to attack him "hundreds of times a day."

"I guarantee you, if I put something out that was sexually explicit or attacked someone personally they would stop it," Nunes said. "They never did that to any of the people that were coming after me or other conservatives."

Twitter did not comment on the suit when reached earlier by Fox News.

Nunes' lawsuit alleges defamation, conspiracy and negligence, seeking not only damages, but also an injunction compelling Twitter to turn over the identities behind numerous accounts he says harassed him and deliberately interfered in his investigation as House Intelligence Committee chair into corruption and Russian involvement in the 2016 Presidential Election.

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"This is part of the continuing Russia investigation. We're not going to just let all these fake news stories that were written about this investigation, about this hoax -- that were lies -- we're going to challenge every single one of them in court. We're just starting with Twitter," Nunes said.

Fox News' Gregg Re contributed to this report.

Source: Fox News Politics

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Melania Trump Says She’ll Serve 4 More Years as First Lady

Melania Trump says she's ready to serve another four years as first lady if her husband is re-elected.

"I love what I do," she said Monday.

The first lady revealed her intentions during a question-and-answer period with students at Albritton Middle School at Fort Bragg, North Carolina. She traveled there with Karen Pence, Vice President Mike Pence's wife, to tour the installation and meet students as part of their shared focus on military families.

When a student asked if they wanted to serve again, they said they would.

"I think our husbands are doing (a) fantastic job and I will support my husband if he decided to run again," Mrs. Trump said. "And yes, it's a privilege, a great honor to serve and I will be here." Trump announced a re-election bid during his first year in office.

Mrs. Pence echoed the first lady. She noted that she is not elected or appointed, but is where she is "because I'm married to Mike Pence."

"What a privilege and honor to be able to go on this journey and it would be a privilege to continue as well," said Mrs. Pence, whose son is a Marine.

Asked how their new positions had changed their lives, Mrs. Trump talked about moving from New York and taking on different responsibilities. "But I would not change (it) for anything. I love what I do ... I will always shine a light on children and (the) next generation."

Mrs. Pence said one of the biggest changes for her and her husband "is the fact that we don't drive anymore ... somebody takes us everywhere."

Source: NewsMax Politics

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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Sudan’s military, which ousted President Omar al-Bashir after months of protests against his 30-year rule, says it intends to keep the upper hand during the country’s transitional period to civilian rule.

The announcement is expected to raise tensions with the protesters, who demand immediate handover of power.

The Sudanese Professionals Association, which is spearheading the protests, said Friday the crowds will stay in the streets until all their demands are met.

Shams al-Deen al-Kabashi, the spokesman for the military council, said late Thursday that the military will “maintain sovereign powers” while the Cabinet would be in the hands of civilians.

The protesters insist the country should be led by a “civilian sovereign” council with “limited military representation” during the transitional period.

The army toppled and arrested al-Bashir on April 11.

Source: Fox News World

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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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