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Caterpillar raises 2019 profit outlook on tax gain

FILE PHOTO: A row of excavators are seen at the Caterpillar booth at the CONEXPO-CON/AGG convention at the Las Vegas Convention Center in Las Vegas
FILE PHOTO: A row of excavators are seen at the Caterpillar booth at the CONEXPO-CON/AGG convention at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. March 9, 2017. REUTERS/David Becker/File Photo

April 24, 2019

(Reuters) – Caterpillar Inc raised its full-year profit forecast on Wednesday as it booked a tax gain in the first quarter stemming from the overhaul of U.S. tax laws.

The company said it now expects 2019 profit of $12.06 per share to $13.06 per share, compared with $11.75 to $12.75 per share forecast earlier.

(Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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Officials: Officer fatally shoots man who wielded knife

Police in Tennessee say an officer fatally shot a man who was armed with a knife and grabbed another person as officers attempted to serve a warrant.

The Tennessee Bureau of Investigation says in a news release that 42-year-old Samuel Charles Talbott produced the knife and grabbed someone inside the Pigeon Forge apartment where police had gone to find him Monday. The release says Talbott refused to comply when repeatedly told to drop the weapon and that the situation escalated.

The TBI says one officer fired at least one shot, killing Talbott. The officer wasn't identified.

The TBI says no one else was injured.

The investigation was continuing.

Source: Fox News National

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Sino-U.S. trade deal negotiation makes new progress: China’s commerce ministry

FILE PHOTO: China's Ministry of Commerce spokesperson Gao Feng attends a news conference in Beijing
FILE PHOTO: China's Ministry of Commerce spokesperson Gao Feng attends a news conference in Beijing, China April 6, 2018. REUTERS/Thomas Peter

April 18, 2019

Source: OANN

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NYC Mayor Orders Mandatory Measles Vaccinations After Brooklyn Outbreak

New York City Mayor Bill de Blasio declared a public health emergency in parts of Brooklyn on Tuesday in response to a measles outbreak, requiring unvaccinated people living in the affected areas to get the vaccine or face fines.

The city's largest measles outbreak since 1991 has mainly been confined to the Orthodox Jewish community in Brooklyn's Williamsburg, with 285 cases confirmed since October, de Blasio said at a news conference.

"This is the epicenter of a measles outbreak that is very, very troubling and must be dealt with immediately," de Blasio said.

The disease is easily spread and can be fatal, but there have been no confirmed deaths so far, officials said.

The outbreak is part of a broader resurgence in the United States, with 465 cases reported in 19 states so far this year, according to the U.S. Centers for Disease Control and Prevention.

Officials from New York City's Department of Health will check vaccination records of anyone who has been in contact with infected patients in certain parts of Brooklyn, officials said.

Those who have not received the measles-mumps-rubella vaccine, or can otherwise give evidence of immunity, such as having previously had the measles, will face a fine of up to $1,000.

Source: NewsMax America

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Pakistani woman says husband beat her, shaved her head after she refused to dance for him

A Pakistani woman came forward accusing her husband of beating her and shaving her head after she refused to dance for him and his friends.

Asma Aziz, of Lahore, posted a video on social media on Tuesday, March 26 showing her visibly bruised face and shaved head. In the video she explained what her husband Mian Faisal allegedly did to her.

"He took my clothes off in front of his servants. The servants held me as he shaved my hair off and burned it. My clothes were bloody. I was bound by a pipe and hung from the fan. He threatened to hang me naked," she said, according to the BBC.

INDIA AND PAKISTAN'S FIGHT OVER KASHMIR: A HISTORY OF VIOLENCE AND INSURGENCY

Aziz said she went to the police “to file a complaint” but “they procrastinated.” Police have denied her claims, saying they dispatched officers to her residence but it was locked.

Faisal and the servant were arrested, the BBC reported. Faisal told officers his wife cut her own hair after being under the influence of drugs.

Aziz said in a statement in court last week that she married her husband four year ago and “he quickly turned hostile,” NPR reported.

The alleged incident sparked conversation on social media regarding spousal abuse in the country.  Amnesty International South Asia tweeted, “While we are glad that strong and swift action has been taken against the torturers of Asma Aziz, we note with dismay the alarming rise in reported cases of violence against women. System change to protect women is necessary. Action can’t only be taken on a case-by-case basis.”

PAKISTAN ANNOUNCES RELEASE OF 360 INDIAN FISHERMEN

Pakistani actress Sanam Saeed defended Aziz on Twitter.

“It’s like saying if a prostitute was raped its her fault anyway. When will some of you really understand the meaning of #consent???” she wrote.

The United Nation’s Gender Inequality Index in 2016 ranked Pakistan 147 out of 188 countries based on its women health, political empowerment and education.

Source: Fox News World

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Golf: Amateur women opt for caddies over daddies at Augusta

Golf: Augusta National Womens Amateur - Second Round
Apr 4, 2019; Augusta, GA, USA; A general view of the sun rising near the 18th green during the second round of the Augusta National Women's Amateur at the Champions Retreat. Mandatory Credit: Chris Trotman/Augusta National/Handout Photo via USA TODAY Sports

April 5, 2019

By Steve Keating

AUGUSTA, Georgia (Reuters) – A lot of fathers found themselves out of jobs on Friday as golfers playing in the Augusta National Women’s Amateur (ANWA) opted for club caddies over daddies for the final round.

After the opening two rounds of the 54-hole tournament staged at Champions Retreat in nearby Evans, awed young women, many with their equally-awed fathers on their bags, got first look at the revered layout that is home for the Masters, the year’s first major.

But walking with their daughters in Friday’s practice round is as close as some dad caddies will come to Augusta National with several deciding on a switch and handing their fathers pink slips.

While dads may know their daughters better than anyone, local caddies, some who have worked Augusta National for decades, know the course and particularly the baffling greens.

For some, including Jennifer Kupcho, who will take a one- shot lead over Mexico’s Maria Fassi into the final round, that kind of knowledge trumps family ties.

The world’s top-ranked amateur, Kupcho’s decision to go with a local caddie was an easy one, although the American laughed she had not yet broken the news to her father Michael.

“I had my caddie there with me the first time I played so we had fun and he knows what he is doing,” said Kupcho, who used the same caddie Brian Murphy when she played Augusta as a guest. “I think he’s hired.”

HISTORIC DAY

Instead of being part of an historic day on which the first competitive women’s round will be played at Augusta National and a champion crowned, Michael Kupcho will watch from outside the ropes along with Kevin Harford, who was on his daughter Haylee’s bag the first two rounds.

A tough choice, however, was made easier when Harford told his daughter the smart move might be to go with a local caddie.

“We came into the day kind of trying to figure it out and I was going to decide afterwards but I think I am going to go to a local caddie because they know so much,” said Haylee, who sits at one-over, six off the pace.

“But my dad was able to kind of walk to get some notes and feel it out so we could make that decision.

“He’s willing to do anything that makes me happy and is best for me so he kind of came to me on the second hole and said I don’t know maybe you should take the caddie.”

For Spain’s Marta Perez, who describes herself as a golfer who plays with passion and emotion, having someone on her bag who can read her is more important than reading greens.

And in her case father Jose knows best.

“My dad, he is my coach, he started coaching me when I was eight years old so this is special for me,” said Perez.

“We had a discussion if it was better to have a local caddie tomorrow but I want to stick with our plan I think it is great that he is here, he knows me more than anyone.

“I think it is special for him to be here with me because we are going to remember this forever.”

(Editing by Ed Osmond)

Source: OANN

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Unnamed Parent Paid $6.5M to Get Kids Into Elite Universities

Among the many shocking allegations revealed by federal prosecutors in the college cheating scandal earlier this month, the one that stands out the most is somebody paid $6.5 million to get his or her children into elite schools, the Los Angeles Times reported Monday.

Making this case stand out even more is the identity of the parent, as well as which schools were involved, remains a mystery nearly two weeks after authorities in Boston filed the charges against dozens of other wealthy individuals in which the public has been provided with plenty of details.

The massive payment is also an indicator there is apparently much more to be revealed in the case that has shook American universities and placed a negative spotlight on the college admissions process.

Wealthy parents are accused of paying college fixer William "Rick" Singer, who reportedly has more than 700 clients, to help their children cheat on university entrance exams and to falsify athletic records of students to enable them to get admission to elite schools.

Fraud once referred to a scheme to obtain money from someone through a false promise, but in 1988 Congress expanded the anti-fraud law with a one-line amendment that made it a crime to deprive someone of the "intangible right of honest services."

Prosecutors are alleging in this scandal that parents deprived universities of their property – a slot in the school – by deception.

Source: NewsMax America

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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