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Deutsche Bank set to announce merger talks with Commerzbank: source

FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX in Frankfurt
FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo

March 17, 2019

FRANKFURT (Reuters) – Deutsche Bank <DBKGn.DE> was set on Sunday to announce merger talks with fellow German lender Commerzbank <CBKG.DE>, according to a person with knowledge of the matter.

The planned formal disclosure increases the chances of progress on a tie-up between the nation’s two largest banks that has long been the subject of speculation and has been pushed for by the German government amid concerns about the health of the country’s flagship bank.

Deutsche Bank declined to comment, while Commerzbank also had no comment.

Earlier this month a person with knowledge of the matter told Reuters that the management board of Deutsche Bank had agreed to hold talks with Commerzbank on the feasibility of a merger.

(Reporting by Tom Sims and Andreas Framke; Editing by Ed Taylor and Ludwig Burger and Keith Weir)

Source: OANN

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New Zealand initiates bill to ban guns used in terror attack

New Zealand's government has introduced a bill to ban the types of weapons used by a terrorist to kill 50 people at two mosques.

Police Minister Stuart Nash said Monday that if lawmakers pass the bill as expected, the new law will take effect April 12, less than a month after the March 15 attacks. The bill follows a government-imposed ban on sales of the weapons.

The bill bans "military-style" semi-automatic guns and high-capacity magazines. It also bans semi-automatic shotguns that can be fitted with detachable magazines and pump-action shotguns that can hold more than five rounds.

It doesn't ban guns often used by farmers and hunters, including semi-automatic .22-caliber or smaller guns that hold up to 10 rounds, or shotguns that hold up to five rounds.

Source: Fox News World

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Reports: Stackhouse, Vanderbilt discussing coaching job

FILE PHOTO: NBA: Memphis Grizzlies at Toronto Raptors
FILE PHOTO: Jan 19, 2019; Toronto, Ontario, CAN; Memphis Grizzlies assistant coach Jerry Stackhouse talks during a timeout against the Toronto Raptors at Scotiabank Arena. The Raptors beat the Grizzlies 119-90. Mandatory Credit: Tom Szczerbowski-USA TODAY Sports

April 2, 2019

Former NBA All-Star Jerry Stackhouse has had discussions with Vanderbilt officials to become the program’s next men’s basketball coach, according to multiple reports.

On Monday, Jon Rothstein of CBS Sports wrote on Twitter that Stackhouse was in “contract negotiations” with Vanderbilt, and that he “emerged as a primary candidate in the last 24 hours.”

Currently an assistant coach with the Memphis Grizzlies, Stackhouse’s only previous experience as a head coach came in the NBA G League with the Raptors 905 team from 2016-18.

He led the team to the title in 2017 and was named coach of the year in the G League, where he also got to know Vanderbilt athletic director Malcolm Turner, the former president of the G League.

The third overall pick of the Philadelphia 76ers in 1995 out of North Carolina, Stackhouse averaged 16.9 points, 3.2 rebounds and 3.3 assists during an NBA career from 1995-2013, and was an All-Star with the Detroit Pistons in 2000 and 2001.

On March 22, Vanderbilt fired coach Bryce Drew after a 9-23 season punctuated by a 0-18 record in the Southeastern Conference.

Drew was halfway into a six-year contract. In three years coaching the Commodores, Drew compiled a 40-59 record.

His tenure started with a promising season in 2016-17 that ended in a 19-16 record and an NCAA Tournament berth, but it was followed by a pair of sub-.500 seasons.

This season, the Commodores were the first team without a win in SEC play in 65 years.

–Field Level Media

Source: OANN

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HSBC reports net profit at $12.6B in 2018

Europe's biggest bank has reported its net profit jumped 30 percent in 2018 from the previous year to $12.6 billion.

The London-based bank, whose profit is mainly from Asia, said its revenue rose 5 percent from a year earlier to $53.8 billion.

Pre-tax profit rose 16 percent to $19.9 billion, but lagged analysts' estimates. For the fourth quarter, adjusted pre-tax profit was $3.4 billion, also below forecasts.

Market corrections in late 2018 took a toll on HSBC and many other banks. Net profit in the October to December quarter was $1.5 billion.

HSBC has been carrying out a corporate overhaul designed to boost profitability by focusing on its high-growth markets in Asia while shedding businesses and workers in other countries. Asia accounted for 89.5 percent of pre-tax profit in 2018.

Source: Fox News World

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Source: InfoWars

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Trump team is likely ‘pretty concerned’ about Joe Biden, Federalist publisher says

Contrary to some public statements, President Trump and his campaign staff are likely "pretty concerned" about having former Vice President Joe Biden as a potential opponent in 2020, the Federalist publisher Ben Domenech said Thursday.

"I actually think they are pretty concerned about him," Domenech said during an appearance on Fox News' "Special Report with Bret Baier."

Domenech noted that part of the concern may stem from the fact that Trump and Biden -- a Democrat who made his White House bid official Thursday morning -- appeal to some of the same types of voters.

STEVE FORBES: BIDEN'S RUN 'FOUR YEARS TOO LATE'

"I think part of that has to do with the fact that Joe Biden has clearly proven in the past to appeal to the same states that were key to President Trump in deciding the 2016 election," Domenech said. For example, Biden -- a longtime U.S. senator from Delaware, often speaks of his childhood in Pennsylvania, a state that Trump won over Hillary Clinton in 2016.

In his campaign kickoff video Thursday, Biden argued that "if we give Donald Trump eight years in the White House, he will forever and fundamentally alter the character of this nation, who we are, and I cannot stand by and watch that happen."

Nevertheless, Trump welcomed Biden to the race, calling him "Sleepy Joe" in a tweet and warning Biden to prepare for a "nasty" primary fight against a large field of other Democrats seeking the party's presidential nomination.

Domenech said Biden is a much stronger candidate than others believe he is, in particular with African-Americans.

"Personally I think the elite opinion is wrong about Joe Biden, that he actually is a much stronger candidate that they are giving credit for," Domenech said. "I think a large part of that is that he has an enormous wellspring of support among African-American voters that you do not see for a lot of the other candidates in this race. Where they might be appealing to the more 'woke' white progressive vote that I think is the loudest and shouting about a lot of different issues right now."

The Federalist publisher also said Biden will need to deal with issues from earlier in his career that his Democratic rivals will almost certainly raise.

CLICK HERE TO GET THE FOX NEWS APP

"The problem here for him is how does he deal with all the hits that are going to come against him from his past?" Domenech said.

"We've seen them used in lot of different ways and I think they will be deployed against him. He will have to come up with different ways to respond to the different aspects of that."

Source: Fox News Politics

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Google exempt from back taxes in France, appeals court confirms

FILE PHOTO: Opening of the new Alphabet's Google Berlin office
FILE PHOTO: Journalists follow a news conference during the opening of the new Alphabet's Google Berlin office in Berlin, Germany, January 22, 2019. REUTERS/Hannibal Hanschke/File Photo

April 25, 2019

PARIS (Reuters) – Google will not have to pay 1.1 billion euros ($1.22 billion) in back taxes demanded by French authorities, an appeals court in France ruled on Thursday, dashing the government’s bid to overturn a 2017 decision.

The latest ruling comes at a time France is trying to crack down on digital service giants and the tax they pay, with the planned introduction of a French levy and as it pushes for broader international reforms.

The back tax case centers on a claim by the French finance ministry that Google had declared advertising revenue in Ireland which had actually been earned in France, thus avoiding paying corporate tax and value-added tax between 2005 and 2010.

But the appeals court in Paris said it agreed with an earlier ruling that favored the U.S. company and argued that Google Ireland Limited did not have a “permanent establishment” or sufficient taxable presence in France to justify the bill.

(Reporting by Simon Carraud, Writing by Sarah White; Editing by Kirsten Donovan)

Source: OANN

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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)

Source: OANN

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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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