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Yellow vest protesters try to keep up momentum on week 15

French yellow vest protest organizers are trying to tamp down violence and anti-Semitism in the movement's ranks as they launch a 15th straight weekend of demonstrations.

Hundreds of people gathered Saturday at the Arc de Triomphe monument for a march through well-off neighborhoods to protest government policies they see as favoring the rich. It was among multiple actions planned Saturday around Paris and in other cities.

Support for the movement has ebbed in recent weeks as it has splintered and outbreaks of violence continue. Online announcements for Saturday's marches appealed for peaceful action, and one of the weekend protests aims to stand up against anti-Semitism.

Extremist views of some protesters have erupted in a torrent of anti-Semitic insults at a noted philosopher on the sidelines of last weekend's Paris protest.

Source: Fox News World

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Texas Family Court Demands 8-Year-Old Boy Be Chemically Castrated Against Father’s Wishes

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Source: InfoWars

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Johnny Manziel Says He’s Focused On His ‘Job’ And ‘Not Letting Anything Get’ To Him Amid Rumored Marriage Issues

David Hookstead | Reporter

Memphis Express quarterback Johnny Manziel appeared to subtly address rumored problems with his marriage after a Friday practice.

Johnny Football is married to Bre Tiesi, who recently scrubbed any reference of him from her Instagram, and he deleted his entire account. She also appeared to pretty much confirm speculation that she left him during exchanges in the Instagram comment section. You can see screenshots of her going off here, thanks to Busted Coverage. At one point she even claimed that she is the reason Manziel is even alive. It’s a wild exchange. (RELATED: Johnny Manziel Signs With The Memphis Express In The AAF)

With all that happening, Manziel is set to play his first AAF game this Sunday night against the Birmingham Iron. With all this going on speculation running wild, the Texas A&M legend doesn’t seem too concerned.

Manziel told the media the following Friday about a conversation with assistant coach David Lee, according to the Memphis Commercial Appeal’s Jason Munz:

Everybody goes through stuff. It was just a personal conversation about not letting anything get to me. Continuing to come out here, focus on my job and try to be a great teammate. Continuing dropping hints and notes of how I can continue to be a better person and eliminate some of the mistakes I made in my life in the past — and actually learn from them … A lot of times in the past, I’m not able to block out certain things in my life. It all affects me and gets to me and from there, it’s a trickle-down effect. I have a good coaching staff here that supports me and cares about me as a person. I want to be a good person with morals and values, and I feel like I’m in a situation here where I can learn from people with those things.

Well, I think it’s safe to say there’s some apparent issues in his personal life, but he really can’t focus on that right now.

Manziel has been gifted with another opportunity in football. Right now, that has to be what he’s locked in on, and it sounds like that’s the case.

I’m also sure it’s not easy to have your wife publicly going off on social media. That’s a massive distraction if I’ve ever seen one. Luckily, it sounds like he’s got some good coaches around him ready to assist in anyway they can.

Now, we’ll have to see how many snaps he takes Sunday when the Express take on the Iron. We already know he’s not starting, but it does sound like he’ll get some reps.

Check it out on the NFL Network Sunday night if you’re looking for a little break from March Madness.

Follow David Hookstead on Twitter

Source: The Daily Caller

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Afghan official: coal mine blast, collapse kills 6 miners

An Afghan official says at least six coal miners have been killed when an explosion in a coal mine caused two separate tunnels to collapse in northern Samangan province.

Sefatullah Samangani, the deputy provincial governor, said Tuesday that another miner was wounded in the collapse, which occurred on Monday in the remote Dar-i-Suf district.

The deputy governor says miners in the area are predominantly poor, local day laborers who have no other options to make a living.

He added that miners in these areas work without proper equipment or knowledge of safety measures.

Source: Fox News World

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Reporter's Notebook: Italy's poised to breaks ranks with G-7, raising fears of a Chinese Trojan horse

Chinese President Xi Jinping, in an editorial charm offensive published Wednesday in one of Italy’s leading newspapers, said Chinese youth love pizza and tiramisu. Meanwhile, the rest of Europe is not loving much at all about Xi’s visit to Italy.

The term “Trojan horse” has been bandied about.

Italy appears set to break ranks with the rest of the G-7 by signing a Memorandum of Understanding (MOU) to join China’s famous “Belt and Road” Initiative. That's a $6 trillion scheme to link East and West for the purpose of enhancing the flow of Chinese goods through international markets.

China has already invested in Italy and all over Europe, but this latest move is different because it legitimizes a project that some critics have said could risk colonizing Europe.

And it has clearly angered Washington, which has called Belt and Road a “vanity project” amid an ongoing trade war with China.

Italy’s Prime Minister Giuseppe Conte claimed those concerns were misguided. “The framework of the Memorandum of Understanding on the Belt and Road is purely economic and commercial; it does not remotely put into doubt our Euro-Atlantic alliance,” Conte said.

Italy is in a recession. After the collapse of the Morandi Bridge in Genoa that killed 43 people last year, the nation lashed out at the European Union for constraining its budget. It makes some sense that Rome would ultimately turn to Beijing for help.

If it makes good on the MOU with China, big investment is expected in the ports of Trieste and Genoa.

For its part, China buys more than pizza and tiramisu.

In his editorial, Xi also said, “Italian fashion and furnishings meet the taste of Chinese consumers.” That is an understatement. China is, in fact, one of the biggest consumers of Italian luxury goods, so Italy is hoping the Belt and Road will flow profitably both ways.

But professor Francesco Sisci, a senior researcher at Renmin University of China, said it's not that simple.

ITALY'S SENATE REFUSES TO LIFT SALVINI'S IMMUNITY IN MIGRANT CASE

“This government is thinking very simply. We have little trade with China. It’s time to make up with China. Very, very simple. But international politics are never so straightforward,” Sisci said. “There is a bigger picture and they apparently fail even to see the bigger picture.”

The Chinese delegation to Italy is 500 strong. Xi wrote of his hopes that China and Italy can develop cooperation projects in such matters as ports, shipping, telecoms and pharmaceuticals, and encourage respective companies to operate in their countries.

The Chinese president also said he wants to “reinforce coordination between China and Italy in international bodies” like the United Nations and the World Trade Organization.

Again, Europe has done plenty of business with China, but this Chinese push into Italy comes at a time when Brussels wants to apply the brakes a bit to Beijing’s frenzy of activity on the continent.

But there are gaps in the message.

Germany has not excluded the possibility of the Chinese telecoms giant Huawei furnishing it with 5-G technology. And Italy originally took the same position, though recently, Interior Minister Matteo Salvini, the loudest voice in Italy’s coalition government, has pushed back against such a possibility, saying he does "not want his data going through Beijing."

Salvini may ultimately slow his country’s march into China’s arms to an extent.

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“The only constraints are security, the control of Italians’ data and energy,” he said. “I would not like someone to wake up on the other side of the world and turn off the switch.”

In his editorial, Xi paid homage to history and “his dear Italian friends,” recalling Marco Polo, who set off the first real passion for China.

And as the Silk Road tries to remake itself, China and Italy have some 30 additional deals in the pipeline that will either be signed or more deeply explored on Xi’s three-day visit here.

Source: Fox News World

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Storms sweep across the South, killing 6 and injuring dozens

Powerful storms swept across the South on Sunday after unleashing suspected tornadoes and flooding that killed at least six people, injured dozens and flattened much of a Texas town. Three children were among the dead.

Nearly 90,000 customers were without electricity in Texas, Mississippi, Louisiana, Arkansas, and Georgia as of midday Sunday, according to www.poweroutage.us as the severe weather left a trail of destruction.

Two children were killed on a back road in East Texas when a pine tree fell onto the car in which they were riding in a severe thunderstorm Saturday near Pollok, about 150 miles (241 kilometers) southeast of Dallas.

The tree "flattened the car like a pancake," said Capt. Alton Lenderman of the Angelina County Sheriff's Office. The children, ages 8 and 3, were dead at the scene, although both parents, who were in the front seat, escaped injury, he said.

At least 25 people were taken to hospitals for treatment after a suspected tornado struck the Caddo Mounds State Historic Site in East Texas during a Native American cultural event in Alto, about 130 miles (209 kilometers) southeast of Dallas, said Police Chief Jeremy Jackson. At least eight were critically hurt.

There was widespread damage in Alto, a town of about 1,200, and the school district canceled classes until its buildings can be deemed safe.

A tornado flattened much of the south side of Franklin, Texas, overturning mobile homes and damaging other residences, said Robertson County Sheriff Gerald Yezak. Franklin is about 125 miles (200 kilometers) south of Dallas.

The weather service said preliminary information showed an EF-3 tornado touched down with winds of 140 mph (225.3 kph).

The tornado destroyed 55 homes, a church, four businesses, a duplex, and part of the local housing authority building, authorities said. Two people were hospitalized for injuries that were not thought to be life-threatening, while others were treated at the scene, Yezak said. Some people had to be extricated from their damaged dwellings.

Heavy rains and storms raked Mississippi into the night Saturday as the storms moved east.

Roy Ratliff, 95, died after a tree crashed onto his trailer in northeastern Mississippi, Monroe County Road Manager Sonny Clay said at a news conference, adding that a tornado had struck. Nineteen residents were taken to hospitals, including two in critical condition. A tornado was reported in the area 140 miles (225 kilometers) southeast of Memphis, Tennessee, at the time.

In Hamilton, Mississippi, 72-year-old Robert Scott said he had been sleeping in his recliner late Saturday when he was awakened and found himself in his yard after a tornado ripped most of his home off its foundation.

His 71-year-old wife, Linda, was in a different part of the house and also survived, he said. They found each other while crawling through the remnants of the house they have lived in since 1972.

"We're living, and God has blessed us," Scott, a retired manager for a grocery store meat department, said Sunday as neighbors helped him salvage his belongings.

National Weather Service meteorologist John Moore said a possible twister touched down in the Vicksburg, Mississippi, area. No injuries were reported, but officials said several businesses and vehicles were damaged.

The storm damaged a roof of a hotel in New Albany, Mississippi, and Mississippi State University's 21,000 students huddled in basements and hallways as a tornado came near the campus in Starkville.

University spokesman Sid Salter said some debris, possibly carried by the tornado, was found on campus, but no injuries were reported and no buildings were damaged. Trees were toppled and minor damage was reported in residential areas east of the campus.

The large storm system also unleashed flash floods in Louisiana, where two deaths were reported.

Authorities said 13-year-old Sebastian Omar Martinez drowned in a drainage canal after flash flooding struck Bawcomville, near Monroe, said Deputy Glenn Springfield of the Ouachita Parish Sheriff's Department.

Separately, one person died when a car was submerged in floodwaters in Calhoun, also near Monroe.

As the storm moved into Alabama, a possible tornado knocked out power and damaged mobile homes in Troy, about 50 miles (80 kilometers) south of Montgomery.

Near the Birmingham suburb of Hueytown, a county employee died after being struck by a vehicle while he was helping clear away trees about 2:15 a.m. Sunday, said Capt. David Agee of the Jefferson County Sheriff's Office. The man, whose name was not immediately released, died after being taken to a hospital.

The forecast of severe weather forced officials at the Masters in Augusta, Georgia, to begin the final round of the tournament early on Sunday in order to finish in midafternoon before it began raining.

Source: Fox News National

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China’s top diplomat rejects West’s ‘immoral’ Huawei concerns

FILE PHOTO: The Huawei brand logo is seen above a store of the telecoms equipment maker in Beijing
FILE PHOTO: The Huawei brand logo is seen above a store of the telecoms equipment maker in Beijing, China, March 7, 2019. REUTERS/Thomas Peter/File Photo

March 18, 2019

BRUSSELS (Reuters) – China opposes politically motivated attempts to discredit its telecoms equipment makers on security grounds, the Chinese government’s top diplomat, State Councillor Wang Yi, said on Monday.

“What we oppose are groundless accusations for political purposes and attempts to bring down a foreign company,” Wang told a news conference in Brussels in a veiled reference to Huawei Technologies Co.

“We think such practices are abnormal, immoral and have no support,” he said after a meeting with EU foreign policy chief Federica Mogherini.

(Reporting by Robin Emmott, editing by Thomas Escritt)

Source: OANN

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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Sudan’s military, which ousted President Omar al-Bashir after months of protests against his 30-year rule, says it intends to keep the upper hand during the country’s transitional period to civilian rule.

The announcement is expected to raise tensions with the protesters, who demand immediate handover of power.

The Sudanese Professionals Association, which is spearheading the protests, said Friday the crowds will stay in the streets until all their demands are met.

Shams al-Deen al-Kabashi, the spokesman for the military council, said late Thursday that the military will “maintain sovereign powers” while the Cabinet would be in the hands of civilians.

The protesters insist the country should be led by a “civilian sovereign” council with “limited military representation” during the transitional period.

The army toppled and arrested al-Bashir on April 11.

Source: Fox News World

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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