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Brazil government likely to pay Petrobras $10 billion in transfer-of-rights dispute: report

A policeman stands in front of the Petrobras headquarters during a protest in Rio de Janeiro
A policeman stands in front of the Petrobras headquarters during a protest in Rio de Janeiro March 4, 2015. REUTERS/Sergio Moraes

March 19, 2019

RIO DE JANEIRO (Reuters) – The Brazilian government is likely to pay around $10 billion to state-run oil firm Petroleo Brasileiro SA to settle the so-called ‘transfer-of-rights’ dispute, newspaper Valor Economico reported on Tuesday, though the parties have not agreed on final terms.

The financial daily, citing a source with knowledge of the matter, said the payment was a reduction from a previous proposal of $14 billion. Valor in January had reported that the government had agreed on the higher figure, but the government subsequently denied the report.

The two sides are close to an agreement, the paper said, reiterating statements by public officials in recent weeks.

Petrobras, as the firm is widely known, did not respond to a request for comment. The economy ministry said that “the negotiations continue” and the final values “will be announced when they are agreed upon between parties.”

The transfer-of-rights dispute dates back to a 2010 deal between the government and Petrobras relating to a huge share offering that would have diluted the government’s stake.

To maintain control of the company, the government sold Petrobras the rights to explore 5 billion barrels of oil in an area off Brazil’s coast for 74.8 billion reais at the time. With that money, it bought additional Petrobras shares.

Brazil’s oil regulator now estimates there are around 17 billion barrels of recoverable oil in the area, and the government is seeking to auction rights for the exploration of the excess oil. First, the two sides need to resolve the dispute over the area, which will result in a significant payment to Petrobras.

On Friday, Economy Minister Paulo Guedes said – without specifying the currency – that Petrobras and the government had started off 60 billion apart in their negotiating positions, but were now only 2 billion apart. The figures likely refer to dollars, as the two sides at one point each believed they were owed $30 billion.

(Reporting by Gram Slattery; Editing by Bernadette Baum and Chizu Nomiyama)

Source: OANN

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New York City firefighters share memories of fallen Marine Christopher Slutman

Two New York City firefighters remembered their colleague Christopher Slutman, who was one of three U.S. Marines killed his week in Afghanistan, as selfless and devoted to his family and country.

Appearing on “Fox & Friends,” New York City firefighters Bobby Eustace and Gerard Fitzgerald said Slutman, who was 43, was committed to serving both as a city emergency responder and as a Marine.

Slutman, a 15-year FDNY member, was killed by a roadside bomb Monday. He leaves behind his wife, Shannon, and three daughters.

“He was a great man, a man of integrity,” Eustace said. “He was what every man should aspire to be…He put the maximum effort in everything he did.”

Slutman was honored five years ago for rescuing a woman from a burning high-rise while serving with the Fire Department of New York, the city’s mayor and fire commissioner said on Tuesday. In 2014, Slutman received a medal for pulling an unconscious woman from a high-rise apartment fire in the Bronx.

3 MARINES KILLED IN AFGHANISTAN ID'D, INCLUDED FDNY FIREFIGHTER

New York firefighter Christopher Slutman, a 15-year member of the Fire Dept. of New York, was among three American service members killed by a roadside bomb in Afghanistan on Monday.

New York firefighter Christopher Slutman, a 15-year member of the Fire Dept. of New York, was among three American service members killed by a roadside bomb in Afghanistan on Monday. (Fire Department of New York via AP)

MAINE FIRE CHIEF DIES AFTER SUFFERING MEDICAL EPISODE WHILE ATTENDING FIREFIGHTER'S FUNERAL

Slutman and fellow firefighters “forced open the door to the fire apartment and were met with a high heat condition and dense, black smoke, from floor to ceiling,” the department said when his medal was awarded. They crawled along the apartment floor, and Slutman found the woman in a bedroom. He and another firefighter “dragged the woman past the fire” to emergency medical workers.

Slutman saved the woman “at peril to himself,” a battalion chief wrote in endorsing his honor.

Slutman was the fourth FDNY member to die while serving in Iraq or Afghanistan since 2003, the city said. The Pentagon identified the two other Marines killed as Cpl. Robert A. Hendriks, 25, of Locust Valley, New York, and Sgt. Benjamin S. Hines, 31, of York, Pennsylvania.

“He protected his family, protected his country and protected the great city of New York,” Eustace said. “And, you know, he loved [his family] dearly. He spent as much time as he possibly could with them. He worked as hard as he possibly could to spend as much time and provide as much as he could for them.”

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“He was a passionate man, a humble man, he was a go-do-your-job kind of man.”

Monday’s U.S. fatalities bring to seven the number of U.S. soldiers killed so far this year in Afghanistan, underscoring the difficulties in bringing peace to the war-wrecked country even as Washington has stepped up efforts to find a way to end the 17-year war, America’s longest.

The Associated Press contributed to this report.

Source: Fox News National

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Judge Napolitano: FISA has a 'corrupting effect'

Judge Andrew Napolitano believes that a probe by Sen. Lindsey Graham, R-S.C. , will re-evaluate the Foreign Intelligence Surveillance Act (FISA) and its “potential for abuse,” eventually leading to major changes on the heels of the Mueller report.

“Senator Graham, who is a lawyer and military judge as well as a senator, is aware that FISA poses the potential for abuse,” Napolitano, Fox News' senior judicial analyst, said Monday on “America’s Newsroom.”

BULK OF MUELLER CASES AGAINST TRUMP ASSOCIATES BASED ON FALSE STATEMENTS

“Some of us have been arguing… for 41 years, that’s the time that FISA has been in existence, that it has a corrupting effect on the FBI. That it is too easy to start an intelligence operation with FISA rules by presenting shaky evidence to FISA judges and getting a search warrant on innocent people and then morph that into a criminal investigation.”

Graham said Monday that he will probe alleged abuses of FISA at the start of the Russia investigation.

“He’s going to look into how did all this start.  Did it start because there were bad actors in the FBI?  Yes, there probably were.  Did it start because there were defective procedures in place? Yes, like FISA,” Napolitano told co-host Sandra Smith.

“And I think he’s not going to be surprised by what he finds. But he’s going to have a treasure trove of potential corrections by way of legislation that the Congress can make.”

GRAHAM SENDS OMINOUS TWEET TO COMEY: SEE YOU SOON

“I’d like to find somebody, like a Mr. Mueller, that can look into what happened with the FISA warrants, the counterintelligence investigation. Am I right to be concerned? It seems pretty bad on its face—but there are some people that are never going to accept the Mueller report, but by any reasonable standard, Mueller thoroughly investigated the Trump campaign. You cannot say that about the other side of the story,” Graham told reporters Monday.

Fox News' Brooke Singman contributed to this report.

Source: Fox News Politics

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Rep. Omar on Trump vs. Obama: Only One Is Human

Saying it was “silly” to compare President Donald Trump with former President Barack Obama, Rep. Ilhan Omar, D-Minn., maintained: “One is human. The other is really not.”

Her comments came during an exchange with a Fox News reporter, who had questioned her about remarks concerning Obama.

Politico had quoted Omar criticizing Obama. She had cited the “caging of kids” at the Mexico border and the “droning of counties around the world” during the former president’s watch.

“We can’t be only upset with Trump. … His policies are bad, but many of the people who came before him also had really bad policies.” Omar had said. “They just were more polished than he was.”

Source: NewsMax Politics

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Shootout in northwest Pakistan kills policeman, 5 militants

Pakistani authorities say a raid by security forces on a militant hideout in the northwestern city of Peshawar triggered a 15-hour shootout in which a police officer and at least five suspected militants were killed.

Shaukat Yousafzai, a government spokesman in Khyber Pakhtunkhwa province, said police and commandos surrounded a home in the city on Monday night, acting on intelligence about planned attacks.

He says the suspects were asked to surrender but instead, they opened fire on the security forces. Police say the suspects also threw grenades, which killed an officer.

The operation is ongoing and the security forces are trying to get into the basement of the house, where one or two more suspects might be hiding.

Peshawar is the provincial capital in Khyber Pakhtunkhwa, which borders Afghanistan.

Source: Fox News World

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Trump agrees with AOC that VA ‘isn’t broken,’ but only because of his administration

President Trump on Wednesday said he agreed with Rep. Alexandria Ocasio-Cortez, D-N.Y., that the Department of Veteran Affairs doesn’t need fixing, but insisted that it was his administration that made it better.

The freshman lawmaker said during a recent town hall event in New York that the VA isn’t broken and is actually providing “some of the highest quality” care to veterans.

“All I can think of is that classic refrain that my parents always taught me growing up, is that: ‘if it ain't broke, don't fix it,’" she added, as part of her argument against privatizing aspects of the scandal-scarred agency's work.

Trump tweeted on Wednesday that Ocasio-Cortez was “correct” that the VA is not broken, but only because his administration had passed the “Veterans Choice & Accountability.”

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Ocasio-Cortez is the latest big name on the left to espouse a position that, intentionally or not, matches with Trump’s policies. Earlier this month, Cher questioned Los Angeles’ ability to handle a large influx of illegal immigrants when it has 50,000 homeless on its streets.

Source: Fox News Politics

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Rick Santorum: Trump’s ‘Closing the Border Is a Bad Idea’

While former Sen. Rick Santorum, R-Pa., understands President Donald Trump's being "upset with Mexico," the CNN political pundit rejects the move of closing down the border.

"I think the idea of closing the border is a bad idea," Santorum told CNN's "State of the Union." "I understand why the president's doing it. He's upset with Mexico. He has every reason to be upset with Mexico."

Most of the migrants seeking asylum are not Mexican, though, Santorum said, acknowledging "Mexico could solve this problem," because it's failing to do enough to stop Central American migration to the U.S. border.

"[Trump] sort of flails and makes what I think are not particularly helpful charges against Mexico," Santorum said. "But the core of the problem is Mexico and he needs to go after them."

Hoping to leverage Mexico into action on the southern border crisis, President Trump teased a "very good likelihood" of closing the border, because Mexico is "going to have to do something."

"I'll just close the border, and with a deficit like we have with Mexico and have had for many years, closing the border would be a profit-making operation" he said Friday. "When you close the border also you will stop a lot of the drugs from coming in."

Source: NewsMax Politics

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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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