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Lucara finds largest uncut diamond in recent history in Botswana mine

A 1,758 carat diamond recovered from from Lucara Diamond Corp.'s Karowe Diamond Mine in Botswana is pictured in this handout photo
A 1,758 carat diamond recovered from from Lucara Diamond Corp.'s Karowe Diamond Mine in Botswana is pictured in this undated handout photo obtained by Reuters April 25, 2019. Eduardo Hernandez M./Lucara Diamond/Handout via REUTERS

April 25, 2019

By Nichola Saminather

TORONTO (Reuters) – Lucara Diamond Corp has unearthed the largest uncut diamond in recent history in its Karowe mine in Botswana, the Canadian company said on Thursday, beating its own record discovery from November 2015 that it struggled to sell for nearly two years.

The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces), it said in a statement. The stone is second in size only to the 3,106-carat Cullinan Diamond, recovered in South Africa in 1905.

Lucara’s shares rose as much as 11.4% to the highest in more than two months, before trading up 7% at C$1.69 shortly after midday as the Toronto stock benchmark edged down 0.1%.

The stone is the latest in a series of high-value recoveries for the Vancouver-based company at Karowe. Since introducing its XRT diamond recovery technology, Lucara has recovered 12 diamonds over 300 carats, the company said, including a 472-carat and a 327-carat diamond in April 2018.

The 1,109-carat “Lesedi La Rona,” which Lucara recovered in November 2015, failed to meet its undisclosed reserve price at a June 2016 auction, putting pressure on the company’s shares. British diamond dealer Graff Diamonds finally bought it for $53 million in September 2017.

Forbes reported late last year that Graff had created 67 finished gems from the stone.

(Reporting by Nichola Saminather; Editing by Richard Chang)

Source: OANN

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Mexico ships inmates out of last island penal colony

Mexico says it has transferred the inmates from the infamous Isla Marias prison, the last island penal colony in a hemisphere once dotted with remote island jails like the one depicted in the movie "Papillon."

About 584 of the prisoners have been moved to mainland jails in the northern border state of Coahuila.

The federal government said Monday that the inmates and 88 visitors — 16 of whom lived there — were flown out aboard 21 flights starting Friday.

Families were allowed to live with some of the mostly low-risk inmates at the five camps scattered throughout the main island.

President Andres Manuel Lopez Obrador said four-island archipelago will be turned into a cultural and environmental education center.

Source: Fox News World

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Trump: US Economy Solid Despite Fed Policies Hindering Growth

The world's economy is slowing, but the United States' isn't, despite Federal Reserve policies that have hindered growth, President Donald Trump said in an interview airing Friday.

"If we didn't have somebody that would raise interest rates and do quantitative tightening, we would have been at over 4 [percent] instead of at 3.1," Trump told Fox Business' Maria Bartiromo.

The Fed agreed earlier this week to keep interest rates at a target range of 2.25 percent to 2.5 percent and to hold benchmark federal funds steady. It also announced a plan for ending its balance sheet reduction program by September.

Trump denied that his frequent criticism of the Fed influenced its signals that it won't see future rate hikes this year.

“I hope I didn't influence, frankly, but it doesn't matter. I don't care if I influenced or not,” he told Bartiromo. “One thing, I was right. But we would be over four [percent] if they didn't do all of the interest rate hikes, and they tightened. They did $50 billion a month. I said, ‘What are we doing here?’”

Trump also commented on the current trade negotiations with China, as top U.S. trade and economic officials travel to Beijing this weekend for further talks.

Already, Trump has imposed tariffs on $250 billion of China's imports, which he says are going to stay intact "for a substantial period of time," but he told Bartiromo the tariffs won't hinder the trade negotiations.

“I think a lot of people are waiting for the deal with China," said Trump.

"I think that’s going to have a very big impact, maybe bigger than people know,” Trump continued. “As to whether or not it makes it, I think it will. I think we’re getting very close. That doesn’t mean we get there, but I think we’re getting very close.”

Source: NewsMax Politics

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2 killed, 5 injured in Nepal plane crash near Mount Everest

At least two people have been killed and five others injured after a small plane crashed into a parked helicopter during takeoff at the only airport in Nepal's Everest region.

Aviation official Raj Kumar Chhetri says the crash occurred while the plane belonging to Summit Air was trying to take off from Lukla for Kathmandu on Sunday morning.

He says the plane skidded off the runaway, hitting the helicopter of Manang Air.

Both are private airline companies that cater to tourists and Nepalese in the country's remote areas.

Tenzing Hillary Airport at Lukla, the gateway to Mount Everest, is often referred to as the world's most dangerous because of the short runway and difficult approach.

Source: Fox News World

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Dollar hovers near two-year high, U.S. GDP awaited

FILE PHOTO: Photo illustration of one hundred dollar notes in Seoul
FILE PHOTO: One hundred dollar notes are seen in this photo illustration at a bank in Seoul January 9, 2013. REUTERS/Lee Jae-Won

April 26, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar hovered near a two-year high against its peers on Friday, supported by strong U.S. capital goods orders and awaiting first-quarter GDP data which could further reinforce the greenback’s bullish standing.

The dollar index versus a basket of six major currencies stood at 98.128 after advancing to 98.322 on Thursday, its highest since May 2017.

Data on Thursday showed new orders for U.S.-made capital goods increased by the most in eight months in March. That follows other recent U.S. data that show strength in retail sales and exports which have eased concerns of the world’s biggest economy sharply slowing.

The markets are watching first-quarter U.S. gross domestic product data due later on Friday (1230 GMT) for signs of whether the United States remains stronger than other leading economies.

According to a Reuters survey of economists, GDP probably increased at a 2.0 percent annualized rate in the quarter. The economy grew at a 2.2 percent pace in the October-December period.

“We expect the GDP data to underline steady economic recovery. Differences in economic fundamentals is a key driver for currencies now that the Fed – and more recently the Swedish and Japanese central banks – have adopted a dovish stance,” said Shin Kadota, senior strategist at Barclays in Tokyo.

Sweden’s central bank said on Thursday that recent weak inflationary pressures meant an interest rate hike would come slightly later than it had planned, sending the Swedish crown to a 17-year low.

In a move to dispel any doubt over its commitment to ultra-loose policies, the Bank of Japan on Thursday put a time frame on its forward guidance for the first time by telling investors that it would keep interest rates at super-low levels for at least one more year.

The euro was a touch higher at $1.1139 but within reach of $1.1117, its lowest level since June 2017 plumbed on Thursday.

The single currency has shed nearly 1 percent against the dollar this week, weighed by worries about the health of the euro zone economy.

The dollar was down 0.1 percent at 111.52 yen after shedding 0.5 percent overnight.

The Australian dollar was steady at $0.7018 after ending Thursday little changed.

The Aussie has lost roughly 2 percent this week, during which it sank to a near four-month trough as soft domestic inflation data boosted the prospect of a rate cut by the Reserve Bank of Australia.

(Reporting by Shinichi Saoshiro; Editing by Kim Coghill)

Source: OANN

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Officials: No apparent reason gunman fatally shot 3, himself

Authorities said they can't find a motive for a drunken gunman who opened fire at a Pennsylvania hotel bar, killing two men and wounding a woman before breaking into a home where he fatally shot another man before killing himself.

State College police completed their investigation into the January shooting that happened a few miles away from Penn State's campus, Centre County District Attorney Bernie Cantorna said Wednesday.

Authorities said 21-year-old Jordan Witmer and friend Nicole Abrino, 22, spent what she called a "normal evening" at a pizzeria before going to P.J. Harrigan's Bar & Grill in State College, Centre Daily Times reported .

Police said Witmer went to the restroom and when he returned, Abrino heard the bartender "say something about a gun," Cantorna said. She told Witmer they should leave. That's when Witmer shot her once in the chest with a gun he was licensed to carry, Cantorna said.

He then turned the gun on Dean Beachy, 62, and his 19-year-old son, Steven. The two men, who family members said were in town from Ohio for a horse auction, died.

Witmer fled, crashed his car and shot his way into a random home, Cantorna said. He killed 82-year-old George McCormick before killing himself.

Cantorna said Witmer's blood alcohol content was about three times the legal limit.

He said there is no video of the shootings and no evidence the shootings were premeditated.

Abrino survived the shooting and a bullet remains lodged in her spine; doctors do not believe they can safely remove it. She said she saw no "red flags" during her time out with Witmer.

Source: Fox News National

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BlackRock will not back Bayer management in AGM vote: sources

The company logo and trading information for BlackRock is displayed on a screen on the floor of the NYSE
FILE PHOTO: The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid

April 23, 2019

By Simon Jessop and Ludwig Burger

LONDON/FRANKFURT (Reuters) – Fund manager BlackRock will not support Bayer’s management in a key vote at its annual general meeting (AGM) on Friday, two people familiar with the situation told Reuters.

About 30 billion euros ($34 billion) has been wiped off the German drugmaker’s market value since August, when a U.S. jury found Bayer liable because Monsanto, which it bought for $63 billion last year, had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar courtroom defeat last month and more than 11,000 plaintiffs are claiming damages.

BlackRock, which latest filings show owns 7.2 percent of Bayer’s voting rights, plans to either abstain from or vote against ratifying the management board’s actions during the year under review, the sources said.

The largely symbolic vote of confidence “will send a message to the board” that BlackRock is not happy with the way Bayer’s management handled the Monsanto deal, one of the sources said.

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

Bayer’s next two biggest shareholders, Singapore state investor Temasek and Norway’s oil fund, both declined to comment on their AGM voting intentions when contacted by Reuters.

(Additional reporting by Patricia Weiss, Anshuman Daga and Terje Solsvik; Editing by Alexander Smith)

Source: OANN

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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