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Sony shares seen surging after Reuters reports Third Point building stake again

FILE PHOTO: A shopper looks at Sony Corp's Bravia television monitors at an electronics store in Tokyo
FILE PHOTO: A shopper looks at Sony Corp's Bravia television monitors at an electronics store in Tokyo June 20, 2013. REUTERS/Issei Kato

April 9, 2019

TOKYO (Reuters) – Shares of Sony Corp were untraded early Tuesday with a glut of buy orders after Reuters reported that Daniel Loeb’s hedge fund Third Point LLC was building a stake in Japanese electronics conglomerate again to push for changes.

Third Point, which has about $14.5 billion in assets under management, is raising a dedicated investment vehicle to target between $500 million and $1 billion in capital, so it can buy more Sony shares, people familiar with the matter said.

(Reporting by Makiko Yamazaki; Editing by Chang-Ran Kim)

Source: OANN

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Mexico president asks Spain, Pope to apologize for conquest

Mexico's president has asked Spain and the Vatican to apologize for the conquest of the Americas.

Andres Manuel Lopez Obrador says he sent a letter to King Felipe VI of Spain and Pope Francis over what he called an "invasion" and the "many misdeeds that were committed."

Lopez Obrador says there were "killings, impositions," and "the so-called conquest was carried out with the sword and the cross." He asks for an apology to "the original peoples for the violations of what are now known to be human rights."

The Spanish government issued a statement later Monday regretting that the March 1 letter had been made public and rejecting its content "with all firmness."

It said deeds from 500 years ago "cannot be judged in the light of contemporary considerations."

Source: Fox News World

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European shares ease from eight-month high as miners weigh

The German share price index DAX graph at the stock exchange in Frankfurt
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 16, 2019. REUTERS/Staff

April 17, 2019

By Medha Singh and Susan Mathew

(Reuters) – European shares eased from eight-month highs on Wednesday, weighed down by healthcare and mining stocks while investors looked past better-than-expected first-quarter economic growth in China.

The pan-European STOXX 600 index was down 0.2 percent by 0930 GMT after five straight days of gains. All country indexes were flat to higher except London FTSE 100.

China’s economy unexpectedly steadied in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement.

Analysts said it was too early to call a sustainable turnaround there, and further policy support would be needed to maintain momentum.

“The reaction in equity markets was muted after the data release, probably because much of the positivity has already been priced in,” said Hussein Sayed, chief market strategist at FXTM.

The positive China data spurred demand for auto stocks, the most among European sectors, as concerns over global growth eased. The data also pushed Germany’s 10-year government bond yield to a four-week high.

Banks rallied 0.6 percent and drove a 0.3 percent gain in Italy’s bank-heavy.

However, losses in basic resources and healthcare stocks outweighed.

BHP Group PLC fell 3 percent, bringing down London’s FTSE and the STOXX 600 as the world’s biggest miner cut its forecast for iron ore output, a day after rival Rio Tinto slashed its output guidance.

The healthcare sector also dropped 1.3 percent as Novartis fell after Jefferies reduced price target on its shares.

Danone slipped 1 percent after the French food group’s first-quarter sales slowed on weaker demand for infant formula products in China and a consumer boycott in Morocco.

Its peer Nestle SA dropped about a percent ahead of its quarterly report on Thursday.

Bunzl was the worst performer on the pan-European index, down nearly 9 percent after the business supplies distributor said first-quarter growth slowed as the grocery and retail business in its biggest market – North America – remained sluggish.

Also capping losses was the tech sector, helped by a climb in chip stocks and Mobile telecom equipment maker Ericsson.

ASML Holding rose more than 2 percent after the semiconductor equipment maker reported better-than-expected first quarter earnings and repeated it expects growth to accelerate through the year.

European chip stocks – AMS, STMicro, Siltronic, Infineon Technologies – were up between 1.5 percent and 5 percent as U.S. peer Qualcomm Inc surged on Tuesday on an iPhone modem chips deal with Apple Inc.

Ericsson ticked about 3 percent higher after beating first-quarter result forecasts and raising full-year outlook for the global networks market.

Commerzbank shares rose 3 percent after a media report that Dutch bank ING added its name to a list of merger suitors. That followed approaches by Deutsche Bank and Italy’s UniCredit

(Reporting by Medha Singh and Susan Mathew in Bengaluru; editing by John Stonestreet and Angus MacSwan)

Source: OANN

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Algeria's ruling coalition party calls for president to quit

Algeria's ruling coalition party has called for the resignation of ailing, 82-year-old President Abdelaziz Bouteflika.

The RND party's secretary general and former prime minister Ahmed Ouyahia said in a statement Wednesday it "recommends" Bouteflika's resignation in order to facilitate the transition of power.

The move comes one day after Algeria's powerful army chief called for starting the constitutional process to have Bouteflika declared unfit for office, possibly paving the way for the president's ouster after 20 years in power.

The country's presidential coalition is formed by an alliance of the RND with the FLN party.

Bouteflika, who has barely been seen in public since a 2013 stroke, has faced weeks of protests. He canceled this month an April national election and overhauled the government.

Source: Fox News World

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Singer Shakira to face tax fraud accusation in Spanish court in June

FILE PHOTO: Colombian singer Shakira poses during a photocall presenting her new album
FILE PHOTO: Colombian singer Shakira poses during a photocall presenting her new album "Shakira" in Barcelona March 20, 2014. REUTERS/Albert Gea/File Photo

February 26, 2019

MADRID (Reuters) – Colombian singer Shakira has been called to appear in a Spanish court on June 12 to face accusations of failing to pay 14.5 million euros ($16.5 million) in tax, the court in the Catalonia region said on Tuesday.

A court statement dated Jan. 22 summoning her was published on Tuesday.

Prosecutors filed charges in December claiming Shakira had failed to pay tax on income earned between 2012 and 2014, during which time they say she lived in the region.

Shakira’s representatives said in a statement after the accusation was filed that the singer did not live in Spain until 2015 and had met all of her tax obligations.

The singer of “Hips Don’t Lie” and “Clandestino” regularly attends football matches of her partner, Gerard Pique, who plays for Barcelona. Pique and Shakira, a couple since the start of the decade, have two children.

Spanish authorities have pursued other major celebrities over tax.

Pique’s Argentinian Barcelona teammate Lionel Messi was found guilty, along with his father, of a 4.1 million euro tax fraud in 2016 and was fined 250,000 euros as well as paying back the missing tax plus interest.

On Jan. 22, Portuguese international Cristiano Ronaldo, who left Real Madrid for Juventus this year, was fined a total of almost 19 million euros for tax fraud.

(Reporting by Rodrigo de Miguel; Writing by Paul Day; Editing by Robin Pomeroy)

Source: OANN

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Biden holds strong lead in Iowa poll; Buttigieg surges to 3rd

Joe Biden remains far ahead of the pack of Democratic 2020 contenders in a new Iowa poll, suggesting the recent media storm over multiple allegations from women that the former vice president inappropriately touched them isn’t yet damaging the prospects of his likely White House run.

And the Monmouth University public opinion survey, released Thursday, is the second straight poll in an early-voting primary or caucus state to provide evidence that onetime long-shot candidate Mayor Pete Buttigieg of South Bend, Indiana, is surging.

BUTTIGIEG SURGES TO THIRD PLACE IN NEW NH 2020 DEMS POLL

Twenty-seven percent of likely Democratic caucus goers in the state that votes first on the road to the White House said if the caucus were held today, they’d back Biden, who’s close to announcing his third bid for president.

Biden’s well-known but controversial brand of "tactile" politics was thrust into the spotlight nearly two weeks ago, amid allegations from 2014 Nevada Democratic lieutenant governor nominee Lucy Flores. She said in an essay published in New York magazine that Biden made her feel "uneasy, gross and confused" at a campaign rally when she said he kissed her on the back of the head. Other accusers soon came forward.

Speaking with reporters a week ago the former vice president stressed: “I’m sorry I didn’t understand more. I’m not sorry for any of my intentions. I’m not sorry for anything I’ve ever done. I’ve never been disrespectful intentionally to a man or a woman.”

But he acknowledged that "it is incumbent on me and everybody else to make sure that if you embrace someone, if you touch someone, it’s with their consent, regardless of your intentions."

VOTES SHRUG OFF BIDEN CONTROVERSY IN NEW POLL

The survey was conducted April 4-9, during and after the height of media coverage of the controversy.

The poll indicates that Biden does better among women – 37 percent said they back him – than men, where support dropped to 15 percent. And Biden’s 81 percent favorable rating among likely female Democratic caucus-goers was 8 percentage points higher than the 73 percent favorability he held with male Democrats.

“If Biden does get into this race, he’ll start out as a clear front-runner in Iowa. Not only does he garner support from crucial demographic groups but he is almost universally well-liked among all Democratic voters,” Monmouth University Polling Institute director Patrick Murray said.

Independent Sen. Bernie Sanders of Vermont – who’s running a second straight time for the Democratic nomination – was second at 16 percent.

Buttigieg, a 37-year-old Afghanistan War veteran who would be the nation’s first openly gay president, was in third place in the poll, at 9 percent.

“Buttigieg’s current standing in the horse race is impressive given that nearly half of likely Democratic caucus-goers have yet to form an opinion of him. He has one of the best positive to negative ratios in the field,” Murray said in a statement.

Sens. Kamala Harris of California and Elizabeth Warren of Massachusetts stood at 7 percent, with former Rep. Beto O’Rourke of Texas at 6 percent, Sen. Amy Klobuchar  of Minnesota at 4 percent, Sen. Cory Booker of New Jersey at 3 percent, and former Housing and Urban Development secretary and former San Antonio Mayor Julián Castro at 2 percent.

Sen. Kirsten Gillibrand of New York, Reps. Tim Ryan of Ohio and Eric Swalwell of California, former Rep. John Delaney of Maryland and entrepreneur Andrew Yang each received 1 percent support.

Everyone else in the large field of declared or potential Democratic 2020 contenders registered at less than 1 percent.

Polls this early in a presidential election cycle – there's still 10 months to go until the first votes are cast – are often heavily influenced by name recognition. Results can change often and drastically between this stage and the start of the caucus and primary calendar.

The Monmouth University poll was conducted by live telephone operators, with 761 registered Democrats in Iowa questioned. The questions in the Democratic race have a sampling error of plus or minus 5.2 percentage points.

Source: Fox News Politics

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Court in Chechnya sentences rights activist to four years in penal colony

Oyub Titiev, the head of human rights group Memorial in Chechnya, attends his verdict hearing at a court in the town of Shali, in Chechnya
Oyub Titiev, the head of human rights group Memorial in Chechnya, attends his verdict hearing at a court in the town of Shali, in Chechnya, Russia, March 18, 2019. REUTERS/Said Tsarnayev

March 18, 2019

By Maria Vasilyeva

SHALI, Russia (Reuters) – A court in Chechnya on Monday sentenced Oyub Titiev, a prominent human rights activist, to four years in a penal settlement after finding him guilty of possessing illegal drugs, a charge his supporters say was trumped up.

Titiev, who runs the office of the Memorial Human Rights Centre in the southern Russian region, was detained in January last year by police who said they had found 206.9 grams (7.3 oz) of cannabis in his car after stopping him to check his documents. Titiev said the cannabis was planted.

He and his supporters allege he was framed in order to punish him for his human rights work and to stop Memorial working in Chechnya.

“They fabricated the criminal case for five months and they fabricated the sentence for eight months,” Titiev told reporters after the verdict.

Reporters, diplomats and Titiev’s neighbors and relatives packed the courtroom to hear the verdict. Titiev watched proceedings from inside a cage, leaning on the white bars as he listened to the judge read the verdict in the trial for over nine hours.

The majority-Muslim republic of Chechnya is governed by Kremlin-backed leader Ramzan Kadyrov whom human rights workers accuse of widespread abuses in the region, allegations he denies.

Kadyrov’s supporters credit him with bringing relative calm and stability to a region dogged for years by a simmering insurgency following two wars between Moscow and separatists after the 1991 Soviet break-up.

(Additional reporting by Maria Tsvetkova; writing by Tom Balmforth; editing by Andrew Osborn)

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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