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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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Sri Lanka’s crisis of leadership opens space for nationalist Rajapaksas

Former president and current leader of opposition party, Mahinda Rajapaksa, speaks to media in Negombo
Former president and current leader of opposition party, Mahinda Rajapaksa, speaks to media in Negombo, Sri Lanka, April 21, 2019 in this still image obtained from video. Derana TV/via Reuters TV

April 25, 2019

By Sanjeev Miglani and Shihar Aneez

COLOMBO (Reuters) – Sri Lanka’s former president Mahinda Rajapaksa and his brother, then the defense secretary, crushed Tamil Tiger separatists with such ferocity ten years ago that Western powers sought war crime trials against them and greeted their defeat in elections later with barely concealed glee.

But now the tiny Indian Ocean island is faced with South Asia’s deadliest militant attack – claimed by Islamic State – and may well again turn to the Rajapaksas for a strong-willed response to the new threat, politicians and diplomats say.

Elections to pick a new president are due between October and December and Mahinda Rajapaksa is already targeting President Maithripala Sirisena and his Prime Minister Ranil Wickremesinghe for failing to preserve the hard fought peace.

Rajapaksa cannot contest for president again, but his brother Gotabaya is ready to make a bid, his aide has said.

“Rajapaksas’ will take the easy benefit and be able to claim with some credibility that if they come back to power, they will adopt the same strong security policy that allowed them to free the country from terrorism,” said a Western diplomat.

Sri Lanka, a country of 21 million, has been a tinder box of sectarian and ethnic tensions, first between the Sinhalese Buddhist majority and minority Tamil groups and in recent years between the Sinhalese and the Muslims.

At the same time, the island nation better known for its beaches, jungles and tea plantations, has gained in geopolitical importance, becoming an arena for influence peddling between India, its traditional partner, and China, which has invested billions of dollars in infrastructure.

With Islamic State claiming responsibility for the Easter Sunday attacks in which more than 350 people were killed, Sri Lanka has been thrust further into the global limelight.

Rajapaksa and his supporters say that the government – under foreign pressure – has been weakening the military and intelligence arms he had built up to ensure there was no revival of the Tamil movement, but also keep an eye on disaffected minorities.

Instead, the government has spent its energy investigating old allegations of abuse against soldiers stemming from the 26-year civil war against the Tamil separatists.

“Because the government was engaged in relentlessly persecuting its own armed forces, we became an easy target for terrorists,” Rajapaksa said in parliament this week.

“No other country has persecuted and weakened their own armed forces and intelligence services in this manner. Terrorists observe these things and plan accordingly,” he said.

The government said it had received prior warnings about impending attacks on churches but these were not shared across the government and admitted that was a lapse.

DISBANDING INTELLIGENCE CELLS

A source in the Indian government, which provided three warnings ahead of the Sunday bombings, said Sri Lanka no longer had the sophisticated national security apparatus that the former defense secretary Gotabaya Rajapaksa ran.

Out in the east, home to the suspected mastermind of the attacks, there was a 45-member cell of intelligence operatives that had been wound up, said Kehelia Rambukwella, a spokesman for Rajapaksa’s party.

“Some of its people had been sent to the welfare department. If you had them still functioning, we might have picked this plot up,” he said.

But government officials said many of these secret intelligence cells were disbanded because they faced allegations of abuse, including torture and extra judicial killings, during the war and in the months afterwards, officials said.

Rajitha Senaratne, a government spokesman said: “We can’t allow the military to kill innocent people, children, and journalists. Murderers can’t be war heroes.”

Gotabaya is himself facing lawsuits in the United States where he is a dual citizen.

The South Africa-based International Truth and Justice Project, in partnership with U.S. law firm Hausfeld, filed a civil case in California this month against Gotabaya on behalf of a Tamil torture survivor.

In a separate case, Ahimsa Wickrematunga, the daughter of murdered investigative editor Lasantha Wickrematunga, filed a complaint for damages in the same U.S. District Court in California for allegedly instigating and authorizing the extrajudicial killing of her father.

Gotabaya has denied the allegations and said these were timed to thwart his possible presidential run.

For the Sinhalese nationalists who fully backed the measures against the Tamil separatists, the new attacks have already fueled calls for strong leadership.

Political differences between President Sirisena and his premier, Wickremesinghe, have presented a picture of a government in drift and an economy vastly underperforming.

Both sides have said they were not aware of the intelligence that was provided by India about the attacks, prompting questions about who was in command.

The worry is that the election campaign, now months away, could turn into a contest on who is tougher on Islamist militancy and in that the country’s largely peaceful Muslim community would be under pressure, said political commentator Kusal Perera.

“The post-attack situation is going to create a demand for Rajapaksas because Sinhala Buddhist nationalists are going to say they need a dictator or a strong leader who can handle the national security threats,” he said.

Earlier the country’s Tamil minority were the targets, but now in the aftermath of the attacks carried out by suicide bombers who have been identified as well-educated local Muslims, the community could face the heat in the elections.

“The anti-Muslim racist card could become the main election campaign strategy of all political parties,” said Perera.

(Reporting by Sanjeev Miglani; Editing by Raju Gopalakrishnan)

Source: OANN

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Markets need to price in no-deal Brexit risk: ECB’s 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

April 2, 2019

PARIS (Reuters) – Financial markets need to price in the growing risk that Britain could leave the European Union without a withdrawal agreement, ECB policymaker Francois Villeroy de Galhau said on Tuesday.

British lawmakers failed on Monday to resolve the chaos around Britain’s EU departure, leaving the future direction of Britain’s exit from the bloc mired in confusion.

“Markets were betting as recently as yesterday that there would be a deal and they are going to need to price in the growing risk of a no deal, including on the value of the pound,” Villeroy told French radio station BFM Business.

Villeroy, who is also head of the French central bank, added that the ECB stood ready to lend euros to British banks if necessary, and that the Bank of England was prepared to lend sterling.

(Reporting by Leigh Thomas and Myriam Rivet; Editing by Sudip Kar-Gupta)

Source: OANN

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Soccer: Alex Morgan scores 100th international goal as U.S. beat Australia

Soccer: International Friendly Women's Soccer-Australia at USA
Apr 4, 2019; Commerce City, CO, USA; United States forward Alex Morgan (13)(center) celebrates her goal with forward Megan Rapinoe (15) against Australia during an International Friendly Women's Soccer match at Dick's Sporting Goods Park . Mandatory Credit: Ron Chenoy-USA TODAY Sports

April 5, 2019

(Reuters) – Forward Alex Morgan reached a personal milestone with her 100th international goal as the United States beat Australia 5-3 in a friendly in Colorado on Thursday.

In opening the scoring in the 15th minute with a superb solo run capped by a precise finish, Morgan became the seventh American woman — 17th from any country — to reach the century mark.

It was far from smooth sailing for the reigning World Cup champions, who fell behind Australia early in the second half in front of a sellout crowd in suburban Denver.

The home team, however, scored three times in 14 minutes to regain the lead for good in an entertaining encounter between two of the favorites heading into World Cup in France in June.

Local favorite Mallory Pugh made it 4-2 by scoring less than a minute after coming on, before adding a second with a deft dink over the keeper in the final minute of stoppage time to seal the result.

Earlier, Australia equalized on the half hour when pacy veteran winger Lisa De Vanna fired home.

Caitlin Foord gave Australia the lead early in the second half, before Tobin Heath and Megan Rapinoe put the U.S. ahead again.

Samantha Kerr scored with a thumping header in the 82nd minute to give Australia some hope, but the visitors could not find an equalizer.

“We can’t let that many goals in … but they’re a great attacking team so you’ve got to give them credit,” said veteran Rapinoe after her 150th appearance for the U.S.

The Americans continue their World Cup preparation with another friendly against Belgium in California on Sunday.

(Reporting by Andrew Both in Cary, North Carolina; editing by Amlan Chakraborty)

Source: OANN

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EU leaders agree Brexit delay until October: diplomats

Extraordinary European Union leaders summit in Brussels
Britain's Prime Minister Theresa May arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Susana Vera

April 10, 2019

BRUSSELS (Reuters) – EU leaders agreed on Thursday to delay Brexit until the end of October, with a review in June, diplomatic sources told Reuters.

The 27 EU leaders agreed their joint stance during talks in Brussels and their chairman, Donald Tusk, has now taken it to the British Prime Minister Theresa May for her approval.

(Reporting by Gabriela Baczynska; editing by Philip Blenkinsop)

Source: OANN

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Teenager Andreescu stuns Kerber to win Indian Wells title

Tennis: BNP Paribas Open-Day 12
FILE PHOTO: Mar 15, 2019; Indian Wells, CA, USA; Bianca Andreescu (CAN) as she defeats Elina Svitolina (not pictured) during her semifinal match in the BNP Paribas Open at the Indian Wells Tennis Garden. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY Sports

March 17, 2019

(Reuters) – Canadian teenager Bianca Andreescu stunned eighth-seeded Angelique Kerber 6-4 3-6 6-4 to win the BNP Paribas Open and capture her first career title in Indian Wells on Sunday.

Andreescu overcame a troublesome right shoulder and used creative and aggressive shotmaking to defeat the German on a hot and sunny day in the Southern California desert.

The 18-year-old dropped her racket and fell on her back when Kerber hit a backhand into the net to deliver the tournament wildcard the biggest win of her young career.

With the win, Andreescu, who was ranked 152 at the end of last season, is expected to reach the WTA top 30.

(Reporting by Rory Carroll; editing by Clare Lovell)

Source: OANN

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Anti-graft campaigner Caputova leads Slovak presidential election first round

Slovakia's presidential candidate Caputova speaks after the first unofficial results at a party election headquarters in Bratislava
Slovakia's presidential candidate Zuzana Caputova speaks after the first unofficial results at a party election headquarters in Bratislava, Slovakia, March 16, 2019. REUTERS/David W Cerny

March 16, 2019

BRATISLAVA (Reuters) – Anti-corruption campaigner Zuzana Caputova led Slovakia’s presidential election first round with 38.9 percent of votes after results from a fifth of polling stations were counted, statistics office data showed on Saturday.

The ruling Smer party’s candidate, European Commissioner Maros Sefcovic, was second with 18.9 percent.

Despite having no previous experience of public office, Caputova was set to take pole position for the second round of the election as voters spurn the Smer party a year after the murder of a journalist sparked mass protests.

(Reporting by Tatiana Jancarikova; Writing by Robert Muller; Editing by Daniel Wallis)

Source: OANN

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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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A Baha’i advocacy group has expressed concerns over the fate of minority Baha’is at the hands of Yemen’s Houthi rebels ahead of the appeals hearing for one of the community leaders sentenced to death.

The Baha’i International Community said in a statement Friday that the hearing for Hamed bin Haydara, detained in 2013 and sentenced to death last year on espionage and apostasy charges, is due on Tuesday.

The statement quotes Bani Dugal, the Baha’i community representative at the United Nations, as saying the prosecution hasn’t addressed Haydara’s appeal but is instead making “absurd, wide-ranging accusations.”

International rights groups have decried the prosecution of Yemeni Baha’is by the Iran-backed Houthis.

Iran has banned the Baha’i religion, which was founded in 1844 by a Persian nobleman considered a prophet by followers.

Source: Fox News World

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Afghan President Ashraf Ghani speaks during the inauguration of the newly-elected parliament in Kabul
Afghan President Ashraf Ghani speaks during the inauguration of the newly-elected parliament in Kabul, Afghanistan April 26, 2019. REUTERS/Omar Sobhani

April 26, 2019

By Rupam Jain and Hameed Farzad

KABUL (Reuters) – Afghan President Ashraf Ghani encouraged newly-elected lawmakers to participate in the peace process with the Taliban as he opened on Friday the first session of parliament since a controversial election.

Ghani has invited thousands of politicians, religious scholars and rights activists to an assembly known as a loya jirga next week to discuss ways to end the 17-year war.

Several opposition leaders have said they will boycott the four-day assembly in Kabul, saying it was pulled together without their input and is being used by Ghani as he seeks a second term in a September presidential election.

“We have presented the peace plan on a regular basis and we are committed to it,” Ghani said in the first session since parliamentary elections marred by technical problems, militant attacks and accusations of voting fraud last year.

“Based on this plan, there will be no peace deal and negotiation that does not have the green card of the parliament,” he added.

Officials from the United States and the Taliban have held several rounds of talks to end the Afghan war.

U.S. negotiator, Zalmay Khalilzad, has reported some progress toward an accord on a U.S. troop withdrawal and on how the Taliban would prevent extremists from using Afghanistan to launch attacks as al Qaeda did on Sept. 11, 2001.

The insurgents have so far rejected U.S. demands for a ceasefire and talks on the country’s political future that would include Afghan government officials.

The loya jirga, a centuries-old institution used to build consensus among competing tribes, factions and ethnic groups, is an attempt by Ghani to influence the peace talks and cement his position for a second term, Afghan politicians and Western diplomats say.

Amid growing political divisions in Kabul, opposition politicians have demanded that Ghani step down when his mandate ends next month, and give way to an interim government to oversee peace talks with the Taliban. Ghani has ruled that out.

The country’s top court said last week Ghani can stay in office until the presidential election in September.

(Reporting by Hameed Farzad, Rupam Jain, Editing by Darren Schuettler)

Source: OANN

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Deputy Attorney General Rod Rosenstein Thursday defended special counsel Robert Mueller’s investigation while slamming former President Barack Obama’s administration for being slow to take action on Russian interference in U.S. elections and ex-FBI Director James Comey for telling Congress the agency was investigating collusion between the Trump campaign and Russia.

“Our nation is safer, elections are more secure, and citizens are better informed about covert foreign influence schemes,” Rosenstein said in a speech to the Armenian Bar Association, marking his first public remarks after the Mueller report was released, reports CBS News.

He also pointed out that the investigation revealed a pattern of computer hacking and the use of social media to undermine elections as “only the tip of the iceberg of a comprehensive Russian strategy to influence elections, promote social discord, and undermine America, just like they do in many other countries,” reports The Wall Street Journal.

The Obama administration also made “critical decisions,” including choosing not to publicize the full story about Russian hackers and social media trolling, “and how they relate to a broader strategy to undermine America,” said Rosenstein.

He noted that the Mueller probe began after Comey disclosed during a hearing before Congress that President Donald Trump “pressured him to close the investigation and the president denied that the conversation occurred.”

Rosenstein said two years ago, when he was confirmed, he was told by a Republican senator that he would be in charge of the probe and that he’d report the results to the American people.

However, he said he didn’t promise to do that, because it is “not our job to render conclusive factual findings. We just decide whether it is appropriate to file criminal charges.”

Source: NewsMax Politics

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FILE PHOTO: The Huawei logo is pictured outside its Huawei's factory campus in Dongguan, Guangdong province
FILE PHOTO: The Huawei logo is pictured outside its Huawei’s factory campus in Dongguan, Guangdong province, China, March 25, 2019. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Ben Blanchard

BEIJING (Reuters) – Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.

News that Britain’s National Security Council, attended by senior ministers and spy chiefs, had agreed on Tuesday to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core elements was leaked to a national newspaper.

The leak of secret discussions has sparked anger in parliament and amongst Britain’s intelligence community. Britain’s most senior civil servant Mark Sedwill has launched an inquiry and written to ministers who were at the meeting.

“My understanding from London (is) that an investigation has been announced into apparent leaks from the NSC meeting earlier this week,” said Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing.

“To my knowledge there has never been a leak from a National Security Council meeting before and therefore I think it is very important that we get to the bottom of what happened here,” he told Reuters in a pooled interview.

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation. The majority of the ministers at the NSC meeting have said they were not involved, according to media reports.

Hammond said he was unaware of any previous leak from a meeting of the NSC.

“It’s not about the substance of what was apparently leaked. It’s not earth-shattering information. But it is important that we protect the principle that nothing that goes on in national security council meetings must ever be repeated outside the room.”

Allowing Huawei a reduced role in building its 5G network puts Britain at odds with the United States which has told allies not to use its technology at all because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

There have been concerns that the NSC’s conclusion, which sources confirmed to Reuters, could upset other allies in the world’s leading intelligence-sharing network – the Five Eyes alliance of the United States, Britain, Australia, Canada and New Zealand.

However, British ministers and intelligence officials have said any final decision on 5G would not put critical national infrastructure at risk. Ciaran Martin, head of the cyber center of Britain’s main eavesdropping agency, GCHQ, played down any threat of a rift in the Five Eyes alliance.

(Writing by Michael Holden; Editing by Mark Heinrich)

Source: OANN

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