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Maxine Waters says it was ‘correct thing’ for Jussie Smollett charges to be dropped

The decision to drop charges against “Empire” star Jussie Smollett may have stoked controversy in Chicago, but the actor still has the backing of a prominent California Democrat.

U.S. Rep. Maxine Waters, D-Calif., was honored over the weekend at the NAACP Image Awards, where Smollett was also nominated -- but lost -- for best-supporting actor in a television drama for his role as Jamal Lyon on the Fox series. He was edged out by "Grey's Anatomy" star Jesse Williams.

In an interview with "Extra," Waters said it was the "correct thing" for prosecutors to dismiss all 16 felony counts against Smollett, who is black and gay. The "Empire" actor was accused of faking a racist, anti-gay attack on himself in January. Authorities said that in return for the charges being dropped, Smollett agreed to forfeit the $10,000 he put up to get out of jail and completed community service.

U.S. Rep. Maxine Waters, D-Calif. said she was "looking forward" to seeing actor Jussie Smollett "very soon."

U.S. Rep. Maxine Waters, D-Calif. said she was "looking forward" to seeing actor Jussie Smollett "very soon." (AP)

"First of all, we probably will never know all of the details," Waters told "Extra." "We’ve heard a lot of information. No one was hurt — that is, physically, killed, shot — he never committed a crime before, he forfeited the bail and it’s this kind of situation where they close the case all over the country every day. I have learned this isn't unusual."

DUELING RALLIES OVER KIM FOXX’S HANDLING OF JUSSIE SMOLLETT CASE HELD IN CHICAGO

Waters, the Democratic chairwoman of the House Financial Services Committee, said the case received a lot of attention because Smollett is "An extremely talented man who people have come to love because he is on TV."

"I’m hopeful that he will go on with his career and be successful," she said.

Even though he lost this time, Smollett has been nominated for four years in a row and won in 2017.

CHICAGO POLICE UNION PRESIDENT 'LOOKING FOR JUSTICE' AFTER JUSSIE SMOLLETT CHARGES DROPPED

The surprise decision to drop charges on last week, followed by Smollett's claims of innocence, prompted an immediate rebuke from Chicago's mayor and police superintendent. After an intense public backlash, Cook County State’s Attorney Kim Foxx said Friday night that she is open to an outside investigation into her office’s dramatic decision to dismiss all charges against Smollett.

Dueling rallies were also held on Monday over the decision by Cook County State’s Attorney Kim Foxx's office to drop charges.

CLICK HERE FOR THE FOX NEWS APP

Waters told "Extra" she had not spoken to Smollett since the charges were dropped, but hinted the two may be in for a reunion soon.

“I would love to see him, and I am looking forward to seeing him very soon," she said.

Fox News' Barnini Chakraborty in Chicago contributed to this report.

Source: Fox News Politics

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Bed Bath and Beyond sinks as doubts around turnaround linger

FILE PHOTO: A Bed Bath & Beyond store logo is pictured on a building in Boca Raton, Florida
FILE PHOTO: A Bed Bath & Beyond store logo is pictured on a building in Boca Raton, Florida March 19, 2016. REUTERS/Carlo Allegri/File Photo

April 11, 2019

(Reuters) – Shares of Bed Bath and Beyond fell about 10 percent in early trading, after the home furnishing retailer forecast dismal first-quarter profits that raised doubts on the efficacy of its turnaround plan.

The company expects current quarter same-store sales to fall between 5 and 6 percent.

This, after the retailer said its turnaround initiatives including its experimental store formats, investments in its decorative furnishing business and digital platforms would drive its revenue growth and gross margin in mid and long term.

“(Q1) comp outlook (is) the largest rate of decline in the company’s history,” said Telsey Advisory Group analyst Cristina Fernandez. The retailer also reported its first annual sales decline since it went public in 1992.

Bed Bath and Beyond has been struggling to boost sales in the face of changing consumer preferences toward online furniture retailers such as Wayfair Inc. It is, in fact, under pressure from a trio of activist investors to put things in order and replace its chief executive officer.

Comparable sales in fourth quarter fell 1.4 percent, below analysts’ expectations, hurt by mid-single digit drop in sales at its brick and mortar stores which overshadowed strong growth from digital channels.

“Shares are down as investors digest the reality that a sustained trend of declines in brick & mortar (comparable sales) …suggest an inflection in fundamentals is not in the near-term horizon,” said Jefferies analyst Jonathan Matuszewski.

“The transformation plan sounds reasonable, though transparency issues are lingering and execution remains the big question mark,” Matuszewski added.

Though the company raised its full-year profit guidance, analysts pointed out that profitability is coming at the cost of sales growth.

Wedbush analyst Seth Basham hiked his price target by $5 to $19, but kept a “neutral” rating on the stock, citing the company’s “murky medium-term fundamental outlook and no clear path to more material activist-driven change.”

Bed bath and Beyond has a median price target of $18 and median rating of “hold” on the stock.

Short interest in the stock has climbed to a more than five-year high, representing about 35 percent of the company’s free float, according to Refinitiv data.

Shares of Bed Bath and Beyond have risen about 40 percent since the activist investor group comprising Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC disclosed a combined stake of about 5 stake in the company.

(Reporting by Soundarya J in Bengaluru; Editing by Shinjini Ganguli)

Source: OANN

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Woman accused of embezzling $93K from company for wedding

A Virginia woman is accused of embezzling more than $93,000, which she allegedly funneled toward her wedding and buttocks lift, among other expenses.

News outlets report 32-year-old Vanessa Cline worked as a bookkeeper for No Limits Construction, replacing another who was convicted of stealing more than $150,000 from the same company.

The Stafford County Sheriff's Office says the owner contacted authorities last week after American Express told him his company's credit card was behind on payments and would be closed.

An internal investigation identified Cline as the culprit and she was arrested Wednesday.

A search warrant affidavit says other unauthorized purchases included an all-terrain vehicle, airline tickets, perfume and groceries.

Cline is charged with multiple counts of embezzlement, forgery and passing a forged document. Reports didn't include comment from her.

Source: Fox News National

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U.S. recognition of Golan Heights as Israeli will help peace process: Pompeo

FILE PHOTO -Pompeo testifies in House Appropriations Subcommittee hearing
FILE PHOTO - U.S. Secretary of State Mike Pompeo testifies at a House Appropriations Subcommittee hearing on the State Department's budget request for 2020 in Washington D.C., U.S. March 27, 2019. REUTERS/Erin Scott

March 27, 2019

WASHINGTON (Reuters) – The Trump administration’s decision to recognize Israel’s sovereignty over the Golan Heights will help resolve the Israeli-Palestinian conflict by removing uncertainty, U.S. Secretary of State Mike Pompeo said on Wednesday.

“We believe this increases the likelihood that we get resolution of the conflict between Israel and the Palestinians,” Pompeo told a congressional hearing. “We think it speaks with the clarity that takes this away from any uncertainty about how we’ll proceed.”

(Reporting by Lesley Wroughton; Editing by Peter Cooney)

Source: OANN

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Russia offers quick citizenship in Ukraine’s separatist area

Russian President Vladimir Putin has signed a decree to expedite applications for Russian citizenship by Ukrainians living in separatist-held areas.

The decree published on the Kremlin's website Wednesday says that people living in the parts of Ukraine's Donetsk and Luhansk regions under separatist control will have their applications considered in under three months.

The move is likely to further exacerbate relations between Ukraine and Russia, which annexed Ukraine's Crimean peninsula and threw its weight behind separatist rebels in the east.

The decree comes just days after TV comedian Volodymyr Zelenskiy was elected as the new Ukrainian president; he will be sworn in next month. Zelenskiy has said his priority for the presidency is to end the war in the east that has claimed more than 15,000 lives.

Source: Fox News World

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Taliban team at Afghan peace talks in Qatar to include women: spokesman

FILE PHOTO: Afghan women line up at a polling station during parliamentary elections in Kabul
FILE PHOTO: Afghan women line up at a polling station during parliamentary elections in Kabul, Afghanistan October 20, 2018.REUTERS/Mohammad Ismail/File Photo

April 15, 2019

By Abdul Qadir Sediqi

KABUL (Reuters) – Women will be included for the first time in the Taliban delegation to talks this month with U.S. officials and Afghan representatives in Qatar over the future of Afghanistan, the movement’s main spokesman said on Monday.

For a group notorious for its strictly conservative attitude to women’s rights, the move represents a step towards addressing demands that women be included in the talks, aimed at bringing an end to more than 17 years of war in Afghanistan.

“There will be women among Taliban delegation members in the Doha, Qatar meeting,” Zabihullah Mujahid, the Taliban’s main spokesman, said by telephone.

He did not name the women, but added, “These women have no family relationship with the senior members of the Taliban, they are normal Afghans, from inside and outside the country, who have been supporters and part of the struggle of the Islamic Emirate”.

The April 19-21 meeting in Doha will be the latest in a series of talks between Taliban and U.S. officials and is also expected to include a 150-strong delegation of Afghan politicians and civil society figures.

The Taliban have maintained their rejection of formal talks with the Afghan government, which they dismiss as a “puppet” regime controlled by the United States.

While Afghanistan remains a deeply conservative country, especially in rural areas, there have been major advances in women’s rights since the U.S-led campaign of 2001 that toppled the Taliban government. Many women fear that if the group regains some power, many of these gains could be erased.

The movement gained worldwide notoriety when it came to power in the 1990s by forcing women to wear full facial covering and imposing severe restrictions including banning girls from school and forbidding women from working outside the home.

However Taliban spokesmen say the group has changed and it encourages girls’ education and other women’s rights within an Islamic Sharia system.

Civil society groups, the Western-backed government and Afghanistan’s international partners have pressed for women to take part in the talks and news of the Taliban delegation was welcomed. Fawzia Koofi, a former member of parliament who took part in a previous round of meetings in Moscow, said the presence of women in the Taliban team was a “good step”.

“Only women can feel the pain and miseries that Afghan women have suffered. The presence of women among the Taliban negotiators shows that the Taliban’s ideology has changed.”

Jean Shaheen, a member of the U.S. Senate Armed Services Committee, who has been pressing for women to play a role in the peace talks, said such inclusion would be vital for future international support for Afghanistan.

“There are certain levers that we have, that the Taliban are interested in,” she told reporters in Kabul, where she was visiting as part of a Congressional delegation. “There is going to be an interest in economic support after the conflict ends.”

“I think if the Taliban has any interest in getting international support … it would be in their interest to recognize the importance of including women and including human rights as part of any settlement that happens.”

(Additional reporting by James Mackenzie; Editing by Frances Kerry)

Source: OANN

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The Latest: Turkish ruling party seeks rerun in Istanbul

The Latest on the Turkish local elections (all times local):

1:40 p.m.

Turkish President Recep Tayyip Erdogan's ruling party says it will seek a re-run of last week's mayoral election in Istanbul, citing alleged irregularities.

Ali Ihsan Yavuz, a ruling party deputy chairman, announced the decision on Tuesday after Turkey's top electoral authority rejected a request for a full recount of votes in the March 31 elections.

Yavuz maintained there were "significant events and situations" that affected the outcome of the vote and said the party would use a right for an "extraordinary appeal."

Erdogan's Justice and Development Party, or AKP, suffered a major setback in the elections. Opposition candidates won in Turkey's capital, Ankara, and squeezed out the ruling party in Istanbul.

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9:35 a.m.

Turkey's top electoral authority has rejected a request by the ruling party of President Recep Tayyip Erdogan for a full recount of votes in the Istanbul mayoral race.

Recep Ozel, a member of the Supreme Electoral Board, said early Tuesday that the electoral authority has, however, allowed a recount of 51 ballot boxes in the city. The board was still to rule on a demand for a re-run of the vote in one Istanbul district.

Erdogan's party suffered a major setback in the country's March 31 local elections. Opposition candidates won in Turkey's capital, Ankara, and squeezed out Erdogan's party in Istanbul.

The ruling party has demanded a recount, maintaining that the elections were marred by irregularities. The opposition denounced the claim as a ploy to secure a re-run.

Source: Fox News World

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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)

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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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