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Colombia central bank likely to hold rate until September – analysts

The Colombia's central bank logo is seen in Bogota
FILE PHOTO: The Colombia's central bank logo is seen in Bogota, Colombia October 1, 2018. REUTERS/Luisa Gonzalez

April 22, 2019

By Nelson Bocanegra

BOGOTA (Reuters) – Colombia’s seven-member central bank board will hold the benchmark interest rate steady at its April meeting this week, taking advantage of a lack of pressure on either inflation or economic growth, analysts said in a Reuters survey on Monday.

The policymakers will keep the rate steady until at least September, those surveyed said.

The 19 analysts agreed the rate will remain at 4.25 percent at Friday’s meeting, which will mark one year since the last rate movement.

Those polled said there will be only one movement in borrowing costs this year – an increase of 25 points. In the March survey they had predicted two quarter point increases before the end of 2019.

“The outlook looks set for the bank to hold the rate, without increases, during a longer time,” said Juana Tellez, head economist at BBVA Research. “In 2020 it could increase again by 25 basis points to 4.75 percent – its long-term neutral level.”

Analysts’ inflation expectations for this year were up slightly to 3.30 percent, from 3.20 percent in last month’s survey.

In April, consumer prices will increase 0.39 percent, taking 12-month inflation to 3.15 percent, the poll showed.

“Given the surprisingly low figures in the first two months of the year and lower volatility in inflation because of the new measurement methodology, we have adjusted our estimate for the close of 2019,” said Maria Paula Contreras of Corficolombiana.

“We expect moderate upward pressures because of the El Nino phenomenon, local supply disruptions and the gradual transmission of the (peso) devaluation.”

The economic growth expectations of those polled were down slightly to 3.25 percent, compared with 3.30 percent in last month’s survey.

(Reporting by Nelson Bocanegra; Writing by Julia Symmes Cobb; Editing by Susan Thomas)

Source: OANN

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Russia’s Novak says talks needed in May to decide OPEC+ next steps

Russian Energy Minister Novak attends Russian Energy Week forum in Moscow
Russian Energy Minister Alexander Novak attends a session of the Russian Energy Week international forum in Moscow, Russia October 3, 2018. REUTERS/Sergei Karpukhin

March 17, 2019

MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said on Sunday that talks need to be held in May to decide on the future steps of an oil output pact between OPEC members and other major oil exporters known as OPEC+.

Novak’s comment was cited in a statement published by the energy ministry of Azerbaijan, ahead of a meeting of OPEC and non-OPEC oil-producing countries scheduled for Monday in Baku.

(Reporting by Nailia Bagirova and Vladimir Soldatkin; Writing by Polina Ivanova; Editing by)

Source: OANN

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Chinese woman arrested at Trump’s Mar-a-Lago resort appears in court

FILE PHOTO: Trump's Mar-a-Lago estate in Palm Beach, Florida
FILE PHOTO: U.S. President Donald Trump's Mar-a-Lago estate in Palm Beach, Florida, U.S., March 22, 2019. REUTERS/Kevin Lamarque/File Photo

April 8, 2019

WEST PALM BEACH, Fla. (Reuters) – A Chinese woman charged with bluffing her way into President Donald Trump’s Mar-a-Lago Florida resort last month, renewing concerns about security at the club, appeared in court on Monday at a hearing to determine whether she will remain in custody, according to U.S. media.

The woman, Yujing Zhang, was arrested after giving conflicting reasons for being at the club during one of Trump’s routine weekend visits. According to prosecutors, she was carrying four cell phones, a laptop computer, an external hard drive and a thumb drive containing what investigators described as “malicious malware.”

Prosecutors argued in court that concerns about Zhang’s trustworthiness and the fact that a search of her hotel room turned up a device to detect hidden cameras, five cell phone SIM cards and $8,000 in cash were reasons to keep her in custody, the Washington Post reported.

“She lies to everyone she encounters,” the newspaper quoted Assistant U.S. Attorney Rolando Garcia as saying during the hearing.

The FBI is examining whether Zhang has any links to Chinese intelligence or political influence operations, two U.S. government sources told Reuters last week.

Zhang told one of the U.S. Secret Service agents who protect the property she was there to use the pool and later told a second agent that she had been invited to a U.N. Chinese American Association event, though club officials determined no such event was scheduled. She was arrested after agents determined she had no legitimate reason to be at the club, a business owned by Trump.

Zhang has been charged with making false statements to a federal officer and entering or remaining in a restricted area, charges that carry up to a five-year sentence in federal prison if she is convicted. She is 32 or 33 years old, according to documents filed in U.S. District Court in West Palm Beach, Florida.

Congressional Democrats raised questions on Wednesday about security at the club, where Trump is in close and frequent contact with club members and guests. The president brushed off the concerns, calling the incident a “fluke” and praising the Secret Service.

(Reporting by Zachary Fagenson; Writing by Scott Malone; Editing by Lisa Shumaker and Leslie Adler)

Source: OANN

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Ohio fraternity pledge says he felt like he was 'going to die' after 'hazing ritual' involving spiked paddle

After a five-hour ordeal during which he was reportedly forced to drink large amounts of alcohol and was beaten with a paddle that had "spikes and grooves," a student pledging a fraternity at Miami University in Ohio says he pleaded with a member: “call 911, I feel like I’m going to die.”

Details of the alleged hazing incident at the Delta Tau Delta fraternity house emerged this week as the school ordered the frat's members to move out of the building where the alleged hazing ritual was held by Monday, according to the Dayton Daily News. The fraternity was suspended last Friday and the incident is said to have happened March 16.

“I was blindfolded alongside 24 other pledges and we all waited in a room for about 1.5 hours while very scary music was playing,” the student wrote in a report filed with the university and later released through a public records request.

The student – who has not been identified -- said he was summoned to the fraternity house for a “mandatory event” that ended up turning into a “hazing ritual,” the report says.

LSU FRATERNITY MEMBERS ARRESTED FOR SHOCKING HAZING INCIDENTS

While at the house, the pledge claims he was forced to drink large amounts of alcohol and smoke marijuana before being kicked and spit on by fraternity members.

The student also said he received a “paddling leading to bruising and cuts with a paddle with spikes and grooves hitting me 15 times on the buttocks,” the Dayton Daily News reported.

At one point, the student says the pledges were taken to separate rooms to be hit “more and more with wooden paddles."

“[I] told [redacted] within 5 minutes of being there ‘call 911 I feel like I’m going to die,’” the student reportedly wrote.

He said the ordeal ended after someone did call 911 and he was removed from the home on a stretcher. The student says he then spent around 7 hours at a local hospital with a blood alcohol content level of .231 – nearly three times over the legal limit.

University President Gregory Crawford, in an email to the campus community, said “the contents of this report are brutal and deplorable, and have brought us to a tipping point on this campus,” the Miami Student newspaper reported.

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Delta Tau Delta international fraternity CEO Jack Kreeman added that “despite intentional effort to educate members through national resources and local volunteer guidance, chapter members chose to treat new members inappropriately.”

The alleged incident is still under investigation by the school.

Source: Fox News National

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'Blood everywhere': Package bomb 911 calls are released

Recordings of several 911 calls made after a series of deadly package bombings in Austin last year show the chaos and panic that gripped the city.

In one 911 call after the first bomb detonated March 2, 2018, family members, neighbors and first responders struggled to discern what happened after a packaged exploded in the hands of Anthony Stephan House, 39.

"I don't know what is going on," a 911 caller reported. "My neighbor, something exploded. There is blood everywhere. We need an ambulance immediately."

House, the father of an 8-year-old daughter, died.

The calls were released to the Austin American-Statesman and KVUE-TV in response to a request under the Texas Public Information Act.

In a 911 call on March 12, 2018, Sandra Jones says, "Oh, my God!" after her grandson, 17-year-old Draylen Mason, a promising musician, and his mother, opened a package that exploded about 7 a.m.

"They opened a package and it exploded!" Jones told the operator. "There is blood everywhere. Please hurry!"

Mason's mother survived, but he died.

In addition to the deaths of House and Mason, five others were injured.

Police say the suspected bomber, 23-year-old Mark Conditt, blew himself up March 21, 2018, as officers closed in to arrest him.

Investigators later discovered a roughly 25-minute recording that Conditt had made on a cellphone confessing to the crimes and calling himself a psychopath. A motive remains unclear.

Federal authorities closed their case in January. The Austin police investigation remains open but is expected to soon close.

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This story has been corrected to show that five people were injured in the bombings.

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Information from: Austin American-Statesman, http://www.statesman.com

Source: Fox News National

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Vice President Pence to Speak at 13th Annual Values Voter Summit

FOR IMMEDIATE RELEASE: September 14, 2018 CONTACT: J.P. Duffy or Alice Chao, (866) FRC-NEWS or (866)-372-6397 Vice President Pence to Speak at 13th Annual Values Voter Summit WASHINGTON, D.C. — On Saturday, September 22, Vice President Mike Pence will address the 13th annual Values Voter Summit taking place at the Omni Shoreham Hotel. Pence will […]

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Accusation of dipping testicles in customer's salsa is no laughing matter, judge tells defendant

A Tennessee judge was in no mood for nonsense Tuesday at a hearing for a defendant accused of dipping his testicles in salsa that a customer ordered from a Mexican restaurant earlier this year.

"What are you laughing about, Mr. Webb?" Blount County General Sessions Court Judge Robert Headrick reportedly snapped when he heard chuckling in his courtroom. "There is nothing about this situation I find cute or funny. It's abhorrent!"

The defendant, Howard Matthew Webb, 31, pleaded guilty to an amended charge of misdemeanor assault/offensive touching, according to a local paper.

Webb reportedly laughed after entering his plea, drawing the judge's ire, the Knoxville News Sentinel reported.

SUSPECT IN FATAL KIDNAPPING APPEARS IN COURT, EXTRADITED

The defendant was arrested last month and initially charged with felony adulteration of food, liquids or pharmaceuticals. A female delivery driver, with whom Webb had tagged along Jan. 12, recorded Webb allegedly in the act and posted the video online, saying it was retribution for an 89-cent tip for an almost 30-minute drive.

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News outlets reported that Webb was sentenced to six months' of supervised probation and is required to attend daily alcohol counseling sessions for three months. The delivery driver was not charged but has been fired from her job, the News Sentinel reported.

The Associated Press contributed to this report.

Source: Fox News National

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Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of
Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. REUTERS/Mike Blake

April 26, 2019

LOS ANGELES (Reuters) – Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut, distributor Walt Disney Co said.

Global ticket sales for the film about Iron Man, Hulk and other popular characters reached $305 million for the first two days, Disney said.

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

Source: OANN

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Funeral of journalist Lyra McKee in Belfast
Labour Party leader Jeremy Corbyn attends the funeral service for murdered journalist Lyra McKee at St Anne’s Cathedral in Belfast, Northern Ireland April 24, 2019. Brian Lawless/Pool via REUTERS

April 26, 2019

LONDON (Reuters) – The leader of Britain’s opposition Labour Party, Jeremy Corbyn, said on Friday he had turned down an invitation to a state dinner which will be part of U.S. President Donald Trump’s visit to Britain in June.

“Theresa May should not be rolling out the red carpet for a state visit to honor a president who rips up vital international treaties, backs climate change denial and uses racist and misogynist rhetoric,” Corbyn said in a statement.

He said maintaining the relationship with the United States did not require “the pomp and ceremony of a state visit” and he said he would welcome a meeting with Trump “to discuss all matters of interest.”

(Reporting by Andy Bruce; Writing by William Schomberg)

Source: OANN

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Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli
Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli, Libya April 25, 2019. REUTERS/Hani Amara

April 26, 2019

By Ulf Laessing

TRIPOLI (Reuters) – Libya’s U.N.-recognized government has budgeted up to 2 billion dinars ($1.43 billion) to cover costs of a three-week-old war for control of the capital, such as treatment for the wounded, to be funded without new borrowing, the economy minister said.

Ali Abdulaziz Issawi suggested the government hoped for business to continue more or less as usual despite the assault on Tripoli, in the country’s northwest, by forces tied to a parallel administration based in the eastern city of Benghazi.

Once Africa’s third largest producer of oil, Libya has been riven by factional conflict since the fall of Muammar Gaddafi in 2011, with the country now broadly split between eastern-based forces under Khalifa Haftar and the U.N.-backed government in Tripoli, in the west, under Prime Minister Fayez al-Serraj.

Still, with Haftar’s Libyan National Army forces unable so far to pierce defenses in Tripoli’s southern suburbs, normal life and business activities continue in much of the capital and western coastal towns.

Issawi, in an interview with Reuters in his Tripoli office, also said Libya’s commercial ports and wheat imports were still functioning normally, although some roads have been blocked.

He said the Serraj government estimates it will spend up to 2 billion dinars extra on medical treatment for wounded, aid for displaced people and other “emergency” war costs.

He said this was not military spending but analysts believe that the sum will also cover expenditures such as pay for allied armed groups or food for fighters.

“We could actually spend less,” he added, in comments that gave the first insight into the economic impact of the fighting.

Issawi said the Tripoli government, which controls little territory beyond the greater capital region, would not incur new debt to fund the war costs, sticking to a plan to post a 2019 budget without a deficit.

Tripoli derives revenue largely from oil and natural gas production, interest-free loans from local banks to the central bank, and a 183 percent surcharge on foreign exchange transactions conducted at official rates.

But with centralized tax collection greatly diminished, public debt has piled up – to 68 billion dinars in the west, including unpaid state obligations such as social insurance.

Some analysts expect Serraj’s government will be forced to raise new debt if the war for control of Tripoli drags on.

With much of Libya dominated by armed factions that also act as security forces, the public wage bill for both the western and eastern administrations has soared as fighters have been made public employees in efforts to buy their loyalty.

The east has sold bonds worth 35 billion dinars outside the official financial system as the Tripoli central bank does not fund the parallel government apart from some wages.

Despite its limited reach, the Tripoli government still runs an annual budget of around 46.8 billion dinars, mainly for public salaries and fuel subsidies.

“This year we cannot finance via debt…we will not borrow (by agreement with the central bank),” Issawi said.

According to International Monetary Fund data, Libya’s central government debt-to-GDP ratio is 143 percent, making it one of the most heavily indebted in the world on that measure.

Issawi declined to say what parts of the budget would be trimmed to support the extra outlay for war costs.

However, with some 70 percent of the budget allocated to public wages, fuel subsidies and other welfare benefits, a portion devoted to infrastructure is most likely to be axed.

Widespread lawlessness has meant there have been no major infrastructural projects since 2011, when a NATO-backed uprising overthrew dictator Muammar Gaddafi, leaving schools, hospitals and roads in acute need of restoration.

FOREX SURCHARGE

Issawi said the government planned to raise as much as 30 billion dinars by the end of 2019 from hard currency deals after imposing in September a 183 percent surcharge on commercial and private transactions done on the official rate of 1.4 to the U.S. dollar. That fee has effectively devalued the official rate to 3.9, much closer to the black market equivalent.

Some 17 billion dinars have been raised since then, with hard currency allocated for import credit letters now issued without delays, Issawi said. The forex fee has helped the government forecast a budget in the black for 2019.

Despite the narrowing spread between the two rates, the black market continues to thrive. Dozens of traders remained at their favorite spot behind the central bank headquarters in Tripoli when Reuters reporters visited it last week.

But traders said it could take time for the Serraj government to register the extra forex receipts as official banking channels were taking up to six months to approve import financing, keeping the black market in play for dealers.

Issawi said authorities planned to lower the forex fee from 183 percent, without saying when. The black market rate has dropped from 6 to around 4.1 since September but it has hardly moved of late as demand for black market cash remains high.

The Tripoli government has stopped subsidizing food and bread, which used to be cheaper than drinking water in Libya. Wheat imports are now being arranged by private traders and there are surplus stocks of flour at the moment, Issawi said.

(Reporting by Ulf Laessing in Tripoli with additional reporting by Karin Strohecker in London; Editing by Mark Heinrich)

Source: OANN

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Rep. Gerry Connolly, D-Va., threatened possible jail time for White House officials refusing to comply with subpoenas to testify before the House Oversight Committee.

Connolly, a member of the House panel, made his comments during an interview on CNN on Thursday. He said that “if a subpoena is issued and you’re told you must testify, we will back that up.”

He added: “And we will use any and all power in our command to make sure it’s backed up — whether that’s a contempt citation, whether that’s going to court and getting that citation enforced, whether it’s fines, whether it’s possible incarceration.”

“We will go to the max to enforce the constitutional role of the legislative branch of government.”

His comments came after three officials have refused to comply with congressional requests to testify, CNN noted.

Trump told The Washington Post that his staff should not testify on Capitol Hill, explaining that the White House cooperated fully with special counsel Robert Mueller and “there is no reason to go any further, especially in Congress where it’s very partisan.”

Source: NewsMax Politics

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“Outdated laws” need fixing to deal with the surge in illegal immigrant families crossing the U.S. border with Mexico, a top Border Patrol official said Friday.

Migrant families face no consequences if apprehended trying to cross the border illegally under present law, Border Patrol chief of Operations Brian Hastings claimed during an appearance on “Fox & Friends.”

“We need a change in the current outdated laws that we’re dealing with for this current demographic and this crisis that we have,” he said.

Hastings said as of Thursday there have been 440,000 apprehensions along the southwest border. There were 396,000 apprehensions all of last year.

SOUTHERN BORDER AT ‘BREAKING POINT’ AFTER MORE THAN 76,000 ILLEGAL IMMIGRANTS TRIED CROSSING IN FEBRUARY, OFFICIALS SAY

And those numbers continue to rise, he said.

Historically 70 to 90 percent of apprehensions at the border were quickly returned to Mexico, Hastings said.

Now, 83 percent of those apprehended have come from the Central American northern triangle which includes Guatemala, El Salvador, and Honduras, and of those 63 percent are “family units” and children who cannot be returned, he said.

“There are no consequences that we can apply to this group currently,” Hastings said. “We’re overwhelmed. If you look at agents there doing a tremendous job trying to deal with the flow.”

The law dictates children have to be released after 20 days of detention.

FLORIDA SHERIFF ON BORDER CRISIS AFTER MAJOR DRUG BUST: ‘IT MAKES ME ABSOLUTELY CRAZY’

Sen. Lindsey Graham, R-S.C., says that has forced immigration officials to release entire families because “you don’t want to separate families.”

Recently, he said he is drafting legislation that would allow children to be detained for more than 20 days.

Hastings said agents are frustrated with the situation but are doing the best they can with the resources they have.

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“Up to 40 percent of our agents are processing at any given time,” he said. “That should say that in and of itself is pulling from those border security resources.”

Source: Fox News National

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