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Romania prosecutor opposed by own govt picked for EU job

A European Parliament committee has picked a Romanian prosecutor to head a new prosecutor's office fighting fraud, despite fierce opposition from her own government.

The justice and civil liberties department on Wednesday gave the most votes to Romania's Laura Codruta Kovesi, placing her above two other candidates.

Kovesi successfully prosecuted hundreds of officials including ministers, mayors and state company directors as chief prosecutor of the National Anti-Corruption Directorate, but drew the ire of the Romanian government

.Justice Minister Tudorel Toader wrote to EU justice ministers accusing her of signing "anti-democratic pacts" with Romania's intelligence agency in corruption probes.

He removed her from her post last year, citing mismanagement and asserting she overstepped her authority.

The final appointment will be made after negotiations between the European Parliament and the European Council.

Source: Fox News World

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ECB has margin to maneuver if needed: Villeroy

FILE PHOTO: ECB policymaker Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo
FILE PHOTO: European Central Bank policymaker Francois Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo, Japan, November 19, 2018. REUTERS/Toru Hanai/File Photo

March 27, 2019

GENEVA (Reuters) – Euro zone growth should firm over the course of the year, but the European Central Bank stands ready to act if needed, ECB policymaker Francois Villeroy de Galhau said on Wednesday.

Speaking in Geneva, Villeroy said that trade tensions and uncertainty about China’s economic outlook were weighing on global growth while a slowdown in Germany and Italy were pulling down euro zone growth.

“It’s a slowdown and not a recession and we’re still hoping for a pick-up over the course of the year,” said Villeroy, who is also governor of the Bank of France.

“We continue to follow the economic situation very closely and we have without a doubt sufficiently powerful tools and margin to manoeuvre to act if needed,” he added.

(Reporting by Tom Miles; writing by Leigh Thomas)

Source: OANN

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Citi: Clients turn cautious on emerging markets after two weeks of inflows

A man walks past a Citibank branch in lower Manhattan, New York
FILE PHOTO: A man walks past a Citibank branch in lower Manhattan, New York October 16, 2012. REUTERS/Carlo Allegri

March 11, 2019

LONDON (Reuters) – Investment bank Citi said on Monday that its clients had turned cautious on emerging market assets over the last week, with both real money and leveraged investors pulling out funds following four weeks of inflows.

“Real money and leveraged investor flows turned negative across EM last week, suggesting trimming of EM exposure amidst decline in the EUR and risk assets in general,” Citi’s Dirk Willer wrote in a note to clients, referring to the week ending Friday March 8.

There was some divergence across regions, with real money outflows dominating investors’ movements last week. Indonesia’s rupiah, Hong Kong dollar, Malaysian ringgit and Philippine peso suffered the heftiest flows, Citi found analyzing its clients’ money flows.

“Anxiety over US-China deal and weakness of risk assets may have triggered trimming of exposure,” Willer wrote.

Data showed that investors pulled out of Latin America with Chilean and Colombian peso at the fore front, while low yielders such as Polish zloty and the Czech crown attracted flows.

(Reporting by Karin Strohecker; Editing by Tom Arnold)

Source: OANN

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Top House Dem says Cohen likely to face DOJ perjury probe; admits blocking Fox News from primary debates 'doesn't help'

A top Democrat on the House Oversight Committee told "Fox News Sunday" that she believes the panel's chairman, Rep. Elijah Cummings, will "end up referring" former Trump attorney Michael Cohen to the Department of Justice for a perjury investigation, after numerous contradictions and inconsistencies have surfaced in his dramatic public testimony late last month.

Rep. Katie Hill, D-Calif., who also serves as the liason to the Democratic leadership, additionally charged that the Democratic National Committee (DNC) erred by blocking Fox News from hosting any Democratic primary debates, saying the move doesn't do anything to "help" the growing partisan tensions.

Hill's comments came as Cohen's own lawyer, Lanny Davis, has corrected Cohen's statements before the House oversight panel. Several Republicans have accused Cohen of perjury on a variety of matters.

Fox News exclusively reported on Friday, citing two sources familiar with the matter, that Cohen met with staff for Adam Schiff, D-Calif., for more than 10 hours before his testimony. In addition to his public remarks, Cohen has met with the House panel several times behind closed doors.

Even as she seemingly acknowledged that Democrats "can't go anywhere" on impeaching President Trump at the moment, Hill indicated that Cummings had more than enough justification to request another criminal probe into Cohen, who has already pleaded guilty to lying to Congress in 2017 concerning the duration of negotiations to build a Trump Tower in Moscow.

SCHIFF STAFF WENT TO NEW YORK FOUR TIMES TO MEET WITH COHEN FOR MORE THAN 10 HOURS -- FOR TESTIMONY LASTING ONLY 7 HOURS, SOURCES SAY. WAS HE COACHED?

"I don’t know if he lied or not," Hill said. "I think that this is, Chairman Cummings is incredibly deliberate. I know that he's reviewing the entire testimony, all the transcripts with [GOP ranking member Rep. Jim Jordan] who also is going to make sure that we get to the bottom of this."

Michael Cohen, President Donald Trump's former personal lawyer, becomes emotional as he finishes a day of testimony to the House Oversight and Reform Committee, on Capitol Hill in Washington, Wednesday, Feb. 27, 2019. (AP Photo/J. Scott Applewhite)

Michael Cohen, President Donald Trump's former personal lawyer, becomes emotional as he finishes a day of testimony to the House Oversight and Reform Committee, on Capitol Hill in Washington, Wednesday, Feb. 27, 2019. (AP Photo/J. Scott Applewhite)

Among the key areas of focus: Cohen's own attorney, Lanny Davis, seemingly contradicted Cohen's claims under oath that he had never sought a pardon from the White House.

On Friday, President Trump blasted Cohen, confirming that he denied Cohen's request for a pardon.

"Bad lawyer and fraudster Michael Cohen said under sworn testimony that he never asked for a Pardon. His lawyers totally contradicted him. He lied! Additionally, he directly asked me for a pardon. I said NO. He lied again! He also badly wanted to work at the White House. He lied!" Trump tweeted.

Hill told Wallace she was not sure "how that went down exactly," but suggested that Cohen was in a "panic."

"I would imagine that in the panic that was going on when you’re about to go down [on criminal charges], right, that you’re going to say like 'yeah, figure out whatever you can do,'" Hill said. "And I imagine that Chairman Cummings will end up referring him. That’s just my guess."

Cummings said on Thursday that he has "to make sure" that Cohen's statements were "true inconsistencies and not outright lies,” and claimed he told Cohen personally that he would “nail you to the cross” if he had lied to Congress again. “And I meant that,” Cummings said.

Referencing those comments, Hill told Wallace: "When [Cummings] says something like, 'I'm going to nail you to the cross'  he means it. I've seen him in action. He's not going to let this go."

"He's not going to let this go."

— Rep. Katie Hill, on Elijah Cummings

And Cohen has also faced scrutiny from multiple fronts -- including CNN and the Trump administration -- for claiming under oath that he had not sought out a job in the Trump White House. Davis later acknowledged that Cohen was, in fact, at one time considering the possibility of working in the White House.

Cohen is set to head to prison in May, although his sentence is yet to be determined. Some Republicans accused Cohen of seeking to garner favor with prosecutors with his testimony.

Still, despite the debate over Cohen's truthfulness, Hill said, the Trump administration is still blameworthy -- even if it may lack criminal culpability.

"I really think that this is about getting to the truth, about showing it to the American people, and then we go from there. But at the end of the day if -- if people -- you know, the citizens of the United States -- don't believe that it has risen to that level, then we can't go anywhere," Hill said. "So really it's about exposing the truth and it's about getting to the bottom of this and it's about asking the questions of 'Is this the kind of government, is this the kind of leadership that we want to see, is this OK, is this the kind of state that we want to leave our democracy in to our children?' And right now I just don't believe that it is."

Hill went on to imply that the media climate has become "more and more partisan," after anchor Chris Wallace pressed for her response to DNC Chairman Tom Perez's decision to ban Fox News from hosting Democratic primary debates. Perez claimed Fox News would not be “fair and neutral” forums for the candidates, citing contested allegations in a recent article in The New Yorker.

"I think it’s the Democratic primary and I think we know that there are basically no Democrats who watch Fox News, so to me that's pretty fair," Hill began, although she later acknowledged that "certainly Independents" would be potential debate viewers.

"I'm here because I do represent a purple district," Hill told Wallace. "You know, I think that there's a lack of bias and I'm hoping that we can change that. I feel like you're treating me without bias, and I appreciate that. And I think that this is something we have to change. I personally don't think it helps when we're saying we're not going to have any of the debates on Fox News."

Hill added: "I don't know how much of that was driven by the candidates, how much of it was driven by the party. I'd like to see all of that change. I want to see the media become as unbiased as possible, but you know, I don't know that we're in that state right now, which is really unfortunate."

CLICK TO GET THE FOX NEWS APP

Former DNC Chairman Ed Rendell told Fox News on Thursday that the decision was a grave strategic mistake by Democrats.

“If we could pick the commentators and moderators, I think we should have the debate on Fox, because let me tell you — even if we can persuade 3 percent of Fox viewers, 3 percent last time out, carries Michigan,” Rendell, who served as DNC chair during the 2000 election, said in an interview. “I was the DNC chair, I would say, ‘Give me Bret Baier, Chris Wallace and Juan Williams, and you can have that Fox debate anywhere, anytime, any number of times."

Fox News' Chris Wallace and Brooke Singman contributed to this report.

Source: Fox News Politics

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Winter storm bringing 'widespread hazardous weather' stretching from Midwest to Northeast

A "significant" winter storm is bringing the threat of snow, ice and rain to every state east of the Mississippi River on Wednesday, causing the federal government to shutter offices and leading to widespread travel disruptions.

The National Weather Service said the strengthening storm will bring areas of heavy snow and ice from the Midwest into the Mid-Atlantic and Northeast during the day Wednesday and into early Thursday.

"This is not a blockbuster storm by any means, but it is going to cause travel problems," Fox News Senior Meteorologist Janice Dean said Wednesday on "FOX & Friends."

WINTER STORM TO BRING SNOW, ICY MIX, FLOODING CONCERNS FOR UP TO 200 MILLION AMERICANS

The Washington D.C. area could get between 2 and 5 inches of snow before transitioning to an icy mix around 1 p.m. and then rain, according to Dean.

Snow will impact the major cities across the Northeast by midday on Wednesday.

Snow will impact the major cities across the Northeast by midday on Wednesday. (Fox News)

Further north, several inches of snow is expected to fall in the Philadelphia and New York City areas starting midday before changing to a wintry mix and then rain by the night.

Winter weather alerts and flood advisories span across multiple states.

Winter weather alerts and flood advisories span across multiple states. (Fox News)

"That means the potential for ice and then all rain as we go into the overnight hours," Dean said.

SNOW-SHOVELING DOG CAPTURED ON VIDEO

The wintry weather has the potential to make already slow evening rush hours across the major Northeast cities even worse. In New Jersey, Gov. Phil Murphy declared a state of emergency ahead of the storm.

"Avoid unnecessary travel, particularly this afternoon," the New Jersey Department of Transportation warned on Twitter. Commercial vehicles were also banned from certain highways in New Jersey and Pennsylvania.

Schools across the region planned early dismissals, and more than 1,600 flights have been canceled nationwide as of 8:30 a.m., according to flight-tracking website FlightAware.

CLICK HERE FOR THE FOX NEWS APP

The biggest airports affected by the storm were in the nation's capital, with Reagan National, Baltimore/Washington International and Washington Dulles International leading with the greatest. Chicago's O'Hare and Philadelphia International were also impacted.

Further south, the storm is bringing the threat of flooding due to moisture "surging north" from Louisiana to the Ohio Valley, according to the NWS' Weather Prediction Center.

"Rainfall amounts on the order of 1 to 3 inches are expected through Friday morning across much of the Deep South as multiple rounds of rainfall over the same areas, and widespread flash flood watches are in effect," the NWS said. "River flooding in the coming days will also be an issue."

Source: Fox News National

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Trump threatens Mexico border closure if Congress doesn’t act on immigration

U.S. President Trump speaks at the National Republican Congressional Committee Annual Spring Dinner in Washington.
U.S. President Donald Trump speaks at the National Republican Congressional Committee Annual Spring Dinner in Washington, U.S., April 2, 2019. REUTERS/Joshua Roberts

April 3, 2019

WASHINGTON (Reuters) – President Donald Trump threatened on Wednesday to close the U.S. border with Mexico if Congress does not take steps immediately to deal with immigration and security loopholes that he says are creating a national emergency in the region.

“Congress must get together and immediately eliminate the loopholes at the Border!” Trump said in a post on social media. “If no action, Border, or large sections of Border, will close. This is a National Emergency!”

(Reporting by David Alexander)

Source: OANN

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Day endures creaky back to card two-under-par 70 at Masters

Jason Day of Australia hits off the 12th tee during first round play of the 2019 Masters golf tournament at Augusta National Golf Club in Augusta, Georgia, U.S.
Jason Day of Australia hits off the 12th tee during first round play of the 2019 Masters golf tournament at Augusta National Golf Club in Augusta, Georgia, U.S., April 11, 2019. REUTERS/Mike Segar

April 12, 2019

By Andrew Both

AUGUSTA, Ga. (Reuters) – Jason Day tweaked his notoriously bad back picking up his daughter before the first round of the Masters on Thursday, but battled his way to a two-under-par 70 at Augusta National.

Former world number one Day has endured back issues for much of his career, and only a month ago pulled out after less than seven holes at the Arnold Palmer Invitational with what he described as a disc tear.

But he was not about to make an early departure from the Masters too, instead lying on his back on the course to receive treatment from his trainer before continuing.

Walking gingerly, he swung within himself and was rewarded with a performance that left him within striking distance of the leaders, four shots behind Bryson DeChambeau and Brooks Koepka at Augusta National.

Day declined to speak to the media afterwards, but fellow Australian Adam Scott did.

“He seems to have a bad back all the time and plays great,” said 2013 Masters champion Scott.

(Reporting by Andrew Both; Editing by Greg Stutchbury)

Source: OANN

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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

April 26, 2019

(Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States.

The potential concern does not involve the use of defeat devices, the company said in a regulatory filing. (https://bit.ly/2VqjHpl)

Ford had voluntarily disclosed the matter to the U.S. Environmental Protection Agency and the California Air Resources Board in February.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

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Hundreds of Cuban migrants are reported to be on the run Friday in Mexico after a crowd of more than 1,000 burst out of a troubled immigration detention center on its southern border.

Mexico’s National Immigration Institute said the mass escape Thursday in Tapachula – which the Associated Press called the largest in recent memory — involved around 1,300 Cuban migrants, although 700 of them have since returned voluntarily.

The migrants reportedly streamed out of the compound without any resistance, as the institute said its agents weren’t armed and “there was no confrontation.”

Federal police with riot shields later rushed in to control the situation, as a crowd of angry Cubans whose relatives were being held at the facility gathered outside. The Cubans claimed their relatives reported overcrowding and unsanitary conditions at the facility.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout. (AP)

BORDER PATROL UNION CHIEF BLASTS CONGRESS OVER MIGRANT CARAVANS: ‘WHAT ARE YOU DOING ABOUT IT’?

“My wife and child have been in there for 27 days in bad conditions,” said Usmoni Velazquez Vallejo, as he waited outside for news. “There is overcrowding, insufficient food and there isn’t even medicine for them.”

Another Cuban detainee told the AFP: “We have many there… we are very tight, we sleep on the floor.”

It’s the third time since October that migrants at the facility staged an uprising, according to the news agency.

The center’s holding capacity is officially listed at less than 1,000 people, but the escape of 1,300 meant it was probably at least at double its capacity, since not everyone being held there escaped. Residents in the area said that sometimes the facility has held as many as 3,000 people, and a Mexican newspaper cited by Reuters said Haitians and Central Americans also are among the large group who still have not been tracked down.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday. (AP)

CLICK HERE TO GET THE FOX NEWS APP

Earlier in the day, Mexico’s top human rights official toured the facility.

Elsewhere in the country, a new caravan estimated to contain up to 10,000 migrants is making its way to the U.S.-Mexico border.

The Associated Press contributed to this report.

Source: Fox News World

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Logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

April 26, 2019

(Reuters) – Exxon Mobil Corp on Friday reported first-quarter profit fell sharply on lower oil and gas prices and weakness in its refining and chemicals businesses that offset modest production gains.

The largest U.S. oil producer’s first quarter earnings fell to $2.35 billion, or 55 cents a share, from $4.65 billion, or $1.09 a share, a year ago.

Analysts had expected Exxon to earn 70 cents per share, according to Refinitiv Eikon estimates.

Shares were trading down about 2.7 percent in premarket trading on Friday.

Exxon’s oil equivalent production rose 2 percent to 4 million barrels per day, up from 3.9 million bpd in the same period the year prior. The company said its output in the Permian Basin, the largest U.S. shale basin, rose 140 percent over a year ago.

(Reporting by Jennifer Hiller; Editing by Chizu Nomiyama)

Source: OANN

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The Washington Post’s media critic went into meltdown after White House Press Secretary Sarah Sanders held a mock press briefing for the children of White House journalists and employees on Take Your Daughters and Sons to Work Day.

Erik Wemple, the newspaper’s chief media critic, slammed Sanders and the White House for organizing a fun day on Thursday for junior would-be journalists, while not holding an actual press conference for the record number of days.

WHITE HOUSE STAFF TO SKIP CORRESPONDENTS’ DINNER AFTER LAST YEAR’S CONTROVERSY

Wemple wrote that Sanders gave to children an important lesson of “the centrality of nonaccountability mechanisms in the affairs of state” after she announced that the mock press briefing was “off the record.”

“When the children head home tonight, perhaps they can pull up archival footage to see how their questions stack up against ye olde press briefings,” he added.

“Accordingly, Sanders was doing more than just providing a fun interlude for the kids; she was headlining a reenactment, anchoring a bona fide historical site.”

— Erik Wemple

“Tuesday, after all, marked a record for number of days without a White House press briefing. Accordingly, Sanders was doing more than just providing a fun interlude for the kids; she was headlining a reenactment, anchoring a bona fide historical site.”

While some correspondents praised the White House for doing “a lot of work to welcome the children and provide “them an excellent experience,” other journalists echoed Wemple’s criticism and pointed out that Sanders hasn’t held a press briefing in over 40 days.

“Kids of WH Press Corps members are getting ready for a briefing with  @PressSec. Their parents have not had one in 45 days,” tweeted CBS News’ White House Correspondent Weijia Jiang.

REPORTER SHOUTS AT SARAH SANDERS AFTER BRIEFING: ‘DO YOUR JOB, SARAH!’

“The irony of it is that they’re pretending that the White House press briefing is a thing, and they’re pretending that this is how the White House operates, but this is not at all how the White House operates … It’s a relic of an earlier time,” another correspondent quoted by the Post said.

“The irony of it is that they’re pretending that the White House press briefing is a thing, and they’re pretending that this is how the White House operates, but this is not at all how the White House operates … It’s a relic of an earlier time.”

— a White HOuse Correspondent

The Post struck a different tune in a column earlier this year, which declared that despite the administration’s criticism of the media, President Trump was “extremely accessible.”

Wemple quoted Martha Joynt Kumar, director of the White House Transition Project, who said that Trump held 338 “short question-and-answer” sessions over his time in office, significantly more than 75 such sessions by former President Barack Obama during his first full two years in office.

CLICK HERE TO GET THE FOX NEWS APP

In terms of total instances of access to the media, which include interviews, short sessions, and news conferences, Trump was accessible least 577 times in his first two years in office.

Source: Fox News Politics

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