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Demand for Aramco’s bond ‘north of’ $30 billion, says Saudi energy minister

FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal
FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. REUTERS/Ahmed Jadallah/File Photo

April 8, 2019

RIYADH (Reuters) – Demand for Saudi Aramco’s inaugural international bond is expected to exceed $30 billion, Saudi Energy Minister Khalid al-Falih said on Monday.

Speaking at an event in Riyadh, he said the Aramco bond deal will close on Wednesday.

Al-Falih also said he hopes Aramco’s acquisition of petrochemicals firm Saudi Basic Industries will be completed within six months.

(Reporting by Rania El Gamal and Stephen Kalin; Writing by Saeed Azhar; editing by Davide Barbuscia)

Source: OANN

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TSX rises 0.27 percent

The Toronto Stock Exchange sing is seen in Toronto
The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. REUTERS/Chris Helgren

February 25, 2019

NEW YORK (Reuters) – The Toronto Stock Exchange’s S&P/TSX rose 44.02 points, or 0.27 percent, to 16,057.03.

Leading the index were Snc-Lavalin Group Inc, up 6.3 percent, New Gold Inc, up 6 percent, and First Majestic Silver Corp, higher by 5.1 percent.

Lagging shares were Cronos Group Inc, down 7.3 percent, Aphria Inc, down 4.4 percent, and Barrick Gold Corp, lower by 3.1 percent.

On the TSX 112 issues rose and 119 fell as a 0.9-to-1 ratio favored decliners. There were seven new highs and no new lows, with total volume of 219.0 million shares.

The most heavily traded shares by volume were Encana Corp, Bombardier Inc and Aurora Cannabis Inc.

The TSX’s energy group rose 0.90 points, or 0.6 percent, while the financials sector added 1.44 points, or 0.5 percent.

West Texas Intermediate crude futures fell 3.28 percent, or $1.88, to $55.38 a barrel. Brent crude fell 3.67 percent, or $2.46, to $64.66.

The TSX is up 12.1 percent for the year.

(Reporting by April Joyner)

Source: OANN

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Trump Jr: Dems Trying to Distract Dad at Summit

President Donald Trump's eldest son is accusing Democrats of trying to distract his father during his summit with North Korea's Kim Jong Un.

Donald Trump Jr. told Fox News on Tuesday that he believed the Democrats deliberately scheduled the congressional testimony of Michael Cohen, the president's former fixer, opposite the summit in Hanoi, Vietnam.

Trump Jr. said that the Democrats were trying to "counterprogram the kind of progress" that could be achieved in the Vietnam gathering and that it was evidence of the "disdain" they hold for the president.

He also argued that it was proof the Democrats were more interested in scoring political points than in national security by attempting to "stymie" the denuclearization talks.

Cohen was sentenced to three years in prison for crimes including a campaign finance violation that he says was at the direction of the president.

Source: NewsMax Politics

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Egypt: Archaeologists uncover ancient tomb with mummies

Egypt says archaeologists have uncovered an ancient tomb with mummies believed to date back about 2,000 years in the southern city of Aswan.

The Antiquities Ministry said in a statement on Tuesday that the tomb is from the Greco-Roman period, which began with Alexander the Great in 332 B.C.

It is located near one of Aswan's landmarks, the Mausoleum of Aga Khan, who lobbied for Muslim rights in India and who was buried there after his death in 1957.

The statement said archaeologists found artifacts, including decorated masks, statuettes, vases, coffin fragments and cartonnages — chunks of linen or papyrus glued together.

Egypt often announces new discoveries, hoping to spur the country's tourism sector, which has suffered major setbacks during the turmoil following the 2011 uprising against autocrat Hosni Mubarak.

Source: Fox News World

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Italian court rules against Citibank request to block Parmalat shares’ delisting

A Citibank branch is seen in Santa Monica
A Citibank branch is seen in Santa Monica, California, U.S. March 19, 2018. REUTERS/Lucy Nicholson

March 27, 2019

ROME (Reuters) – An Italian administrative court has rejected a request from Citibank to block the delisting of shares in diary group Parmalat from the Milan bourse, court documents seen by Reuters showed.

Parmalat’s main shareholder Sofil is seeking to take the Parma-based group private after raising its stake to 95.8 percent and buying out minority shareholders.

The move is opposed by Citibank, which is seeking 345 million euros ($389 million) from Parmalat as compensation in a lawsuit and could receive the sum in the form of shares.

The U.S. bank turned to the administrative court earlier this month asking for a suspension of decision by market regulator Consob and the Milan bourse, which had given a green light to the delisting.

(Reporting by Domenico Lusi; writing by Francesca Landini, editing by Silvia Aloisi)

Source: OANN

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Tiger’s agent weighs in on future televised specials

FILE PHOTO: Tiger Woods of the U.S. tips his hat during first round play of the 2019 Masters golf tournament at Augusta National Golf Club in Augusta, Georgia, U.S.
FILE PHOTO: Tiger Woods of the U.S. tips his hat after putting on the 18th green to finish 2-under par during first round play of the 2019 Masters golf tournament at Augusta National Golf Club in Augusta, Georgia, U.S., April 11, 2019. REUTERS/Brian Snyder

April 12, 2019

The agent for Tiger Woods said talks are ongoing for future televised appearances and hinted that the first is likely to be in Japan this fall, according to ESPN.

“We are in pretty deep discussions about doing that and Japan would be ideal to do the first one,” Steinberg said, per the report. “It might not be a traditional head-to-head match. It might be something more unique.”

Woods is currently playing in the Masters, where he is trying for his fifth green jacket and first since 2005.

“We haven’t put together what the field will look like,” Steinberg added. “How big would the field be? What type of format would they play? The exact date? We’d like to do it around the first-ever PGA Tour event in Japan.”

The Zozo Championship, the first official PGA Tour event in Japan, will be held in Tokyo Oct. 24-27. That is followed on the PGA Tour schedule by events in South Korea and China.

It was revealed in early April that Woods would take his match-play prowess on the road — again — in a series of matches set to stream on GolfTV’s over-the-top (OTT) platforms, according to Discovery president and CEO David Zaslav.

Zaslav announced the news while speaking at the CAA World Congress of Sports at Monarch Beach Resort in Dana Point, Calif., and said one match is already planned for Tokyo and most of them will take place outside of the United States.

GolfTV was announced last year as part of a long-term partnership between Discovery and the PGA Tour. In November 2018, Discovery secured a multi-year deal with Woods to provide exclusive content for the international streaming service, which launched in January.

Zaslav cited Woods’ made-for-TV spectacle, “The Match,” with Phil Mickelson last Thanksgiving weekend as inspiration for the GolfTV series. The event, hosted by Turner Sports as a pay-per-view event on its B/R Live platform, logged 750,000 unique users.

–Field Level Media

Source: OANN

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Big thaw hits Harbin ice sculptures in China

Security lines are seen set up for protecting visitors from falling ice from melting ice sculptures at the venue of the Harbin International Ice and Snow Sculpture Festival on its closing day
Security lines are seen set up for protecting visitors from falling ice from melting ice sculptures at the venue of the Harbin International Ice and Snow Sculpture Festival on its closing day, in Heilongjiang province, China February 17, 2019. Picture taken February 17, 2019. REUTERS/Stringer

February 19, 2019

BEIJING (Reuters) – Ice and snow sculptures carved by nearly 10,000 artists in the city of Harbin have melted during a sudden warm spell, forcing the earliest closure of the main venue at China’s biggest winter festival.

Daytime temperatures have poked above freezing in northern China’s warmest week this winter, prompting the closure of the Harbin Ice and Snow World after Sunday, more than 10 days ahead of schedule.

“Of course, we do have a sense of crisis,” a park official said, adding that it was closed for safety reasons because the sculptures had started to melt.

The winter park in Harbin, a northeastern city known for its bitterly cold weather, had attracted more than one million visitors since it opened on Dec. 23.

Some visitors who made bookings to marvel at mini ice replicas of the Colosseum and the Milan Cathedral were disappointed by the early closure. Last year the park shut on March 10.

“Why didn’t you inform us in advance,” a tourist wrote in a post on Weibo, a Twitter-like microblog popular in China. “I’ve booked my train ticket and hotel, and now you are closed.”

Park tickets have been refunded, said the park official.

The Harbin winter festival has drawn millions of visitors from around the world every year since its inception in the early 1980s. It is a key source of tourism revenue for Harbin, a landlocked city in the province of Heilongjiang.

The Harbin Ice and Snow World first opened in 1999.

(Reporting by Ryan Woo and Joyce Zhou; Additional reporting by Lusha Zhang)

Source: OANN

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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FILE PHOTO: FILE PHOTO: A Canadian dollar coin commonly known as the
FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto, Ontario, Canada, January 23, 2015. REUTERS/Mark Blinch/File Photo/File Photo

April 26, 2019

OTTAWA (Reuters) – Canada posted a budget surplus in the first 11 months of the 2018/19 fiscal year compared to a deficit the year earlier as revenues increased mostly on higher tax incomes, the finance department said on Friday.

The surplus for April-February was C$3.1 billion, compared to a deficit of C$6 billion in the same 2017/18 period. Revenues climbed by 8.5 percent, mainly due to higher tax receipts, while program expenses rose by 4.8 percent.

The surplus for February was C$4.3 billion compared with C$2.8 billion in February 2018. Revenues jumped by 12.2 percent while program expenses posted a more modest 6.9 percent gain.

Last month, the Liberals unveiled their new budget, projecting a C$14.9 billion deficit in 2018/19, with the deficit rising to C$19.8 billion in fiscal 2019/20.

(Reporting by Julie Gordon in Ottawa; Editing by Chizu Nomiyama)

Source: OANN

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President Trump said Friday he would beat Joe Biden “easily” in the 2020 presidential election, suggesting the former vice president could not have enough “energy” to hold the post—taking an apparent swipe at his age.

The president, departing the White House, was asked about Biden’s entrance into the Democratic primary field. Biden announced his presidential bid early Thursday morning, marking his third attempt at the White House.

JOE BIDEN OFFICIALLY LAUNCHES 2020 PRESIDENTIAL BID

“I think we’d beat him easily,” Trump told reporters Friday.

Trump, 72, said he feels “young” and is ready for 2020, and another term for his administration.

“I feel like a young man. I am a young, vibrant man,” Trump said. “I look at Joe, I don’t know about him.”

The president’s comments seemingly were a shot at the age of Biden, who is 76.

BIDEN ENTERS WHITE HOUSE RACE WITHOUT OBAMA’S ENDORSEMENT

“I would never say anyone’s too old,” Trump said. “I know they’re all making me look very young both in terms of age and in terms of energy.”

Biden became the 20th candidate to join the crowded Democratic primary field Thursday. But Biden is not the oldest in the pack. Sen. Bernie Sanders, I-Vt., is 77 and Sen. Elizabeth Warren, D-Mass., is 69.

Should Trump be re-elected, he would be 74 on Jan. 20, 2021—Inauguration Day. Should the presidency go to one of the elder Democrats in the field—Biden would be 78; Sanders would be 79; and Warren would be 71.

Meanwhile, in a wide-ranging interview on “Hannity” Thursday night, Trump dismissed Biden’s candidacy, nicknaming him “Sleepy Joe,” and saying he’s “not the brightest bulb.” Trump also said that while the former vice president has name recognition, he won’t “be able to do the job.”

Source: Fox News Politics

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Venezuela's Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas
Venezuela’s Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas, Venezuela April 8, 2019. REUTERS/Manaure Quintero

April 26, 2019

WASHINGTON (Reuters) – The U.S. Treasury Department on Friday imposed sanctions on Venezuela’s foreign minister and a Venezuelan judge, according to a statement on the department’s website.

Foreign Minister Jorge Arreaza and a judge, Carol Padilla, were targeted over the ongoing crisis in Venezuela, the Treasury Department said, the latest in a list of officials blacklisted by U.S. authorities for their role in President Nicolas Maduro’s government.

(Reporting by Susan Heavey, Makini Brice and Lesley Wroughton; Editing by Chizu Nomiyama)

Source: OANN

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Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of
Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. REUTERS/Mike Blake

April 26, 2019

LOS ANGELES (Reuters) – Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut, distributor Walt Disney Co said.

Global ticket sales for the film about Iron Man, Hulk and other popular characters reached $305 million for the first two days, Disney said.

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

Source: OANN

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