Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

‘Voters will have to decide’ about Biden, says Gillibrand, who led #MeToo charge to oust Franken

U.S. Sen. Kirsten Gillibrand, D-N.Y., a 2020 presidential candidate who has been a champion of the #MeToo movement against sexual misconduct, struggled Wednesday to weigh in on the allegations made against former Vice President Joe Biden -- a potential rival in the race for their party's nomination.

Biden is “going to have to address directly to the American people” why he's been accused recently of having inappropriately touched at least four women in the past, Gillibrand told “Hardball” host Chris Matthews on MSNBC.

“These individuals feel demeaned and that’s not OK,” Gillibrand said, referring to Biden's accusers. “There’s a conversation happening in this country and it is about 'Do we value women?' And when we allow this space for women to come forward, to tell their truth, to tell what they’ve experienced, you not only receive them and believe them so that you can then investigate them."

GILLIBRAND THE FIRST 2020 DEMOCRAT TO UNVEIL 2018 TAX RETURNS; SEE WHAT SHE MADE

Matthews then sought a more bottom-line answer about Biden from Gillibrand, 52, who has served in the Senate since 2009 after previously serving one term in the House.

“You know what I’m trying to do here, to get an answer on this very tough question: Is he a fit man to be the nominee for the Democratic Party? Is he fit for the office?” Matthews asked.

“I think it’s an issue he will have to address with voters and the voters will have to decide,” Gillibrand responded.

“I think it’s an issue [Biden] will have to address with voters and the voters will have to decide.” 

— U.S. Sen. Kirsten Gillibrand, D-N.Y.

The answer appeared to contrast sharply with Gillibrand's December 2017 Facebook post, in which she called for the resignation of Democratic colleague Sen. Al Franken, D-Minn, whom eight women had accused of sexual misconduct.

CLICK HERE TO GET THE FOX NEWS APP

"While Senator Franken is entitled to have the Ethics Committee conclude its review, I believe it would be better for our country if he sent a clear message that any kind of mistreatment of women in our society isn’t acceptable by stepping aside to let someone else serve," Gillibrand wrote then.

Gillibrand, who is currently averaging less than 1 percent in the polls according to Real Clear Politics, refused to urge Biden not to run.

Source: Fox News Politics

0 0

UK PM May to attend funeral of slain journalist Lyra McKee

Prime Minister Theresa May will attend the funeral of Lyra McKee, a journalist shot dead during rioting in Northern Ireland last week.

May's office says the prime minister will miss her weekly House of Commons question-and-answer session to attend Wednesday's service in Belfast.

McKee, who was 29, was killed Thursday as she reported on rioting in Londonderry. A small militant group, the New IRA, said it was responsible. The group apologized, saying McKee was shot "while standing beside enemy forces" — a reference to the police.

Police arrested two teenagers and a 57-year-old woman but released all three without charge.

The IRA and most other paramilitary groups have disarmed since Northern Ireland's 1998 peace accord. The New IRA has been formed from splinter groups opposed to the peace process.

Source: Fox News World

0 0

See us if you can? GCHQ surveillance agency reveals London base

The former headquarters of Intelligence, Cyber and Security Agency GCHQ, is seen in Palmer Street, after the agency revealed the location, following its departure to new undisclosed offices, in London
The former headquarters of Intelligence, Cyber and Security Agency GCHQ, is seen in Palmer Street, after the agency revealed the location, following its departure to new undisclosed offices, in London, Britain April 4, 2019. Picture taken April 4, 2019. REUTERS/Henry Nicholls

April 5, 2019

By Guy Faulconbridge

LONDON (Reuters) – A nondescript red brick building tucked away beside a pub near a park in central London was revealed on Friday to have been the base of one of the world’s most sophisticated spy services – Britain’s GCHQ eavesdropping agency.

GCHQ, which gathers communications from around the world to identify and disrupt threats to Britain, only revealed the Palmer Street address, its London home for 66 years, after moving out.

“As we depart our Palmer Street site after 66 years, we look back on a history full of amazing intelligence, world-leading innovation, and the ingenious people who passed through those secret doors,” GCHQ Director Jeremy Fleming said.

“Then, as now, it’s a history defined by the belief that with the right mix of minds, anything is possible.”

He did not, however, say to where in London the secretive spy agency had moved.

The eavesdropping agency traces its history back to 1919 and is best known for breaking Germany’s Enigma code during World War Two. It works closely with the Secret Intelligence Service (SIS) and the MI5 Security Service.

Government Communications Headquarters’ futuristic “doughnut” headquarters is in the English city of Cheltenham but it moved into its London Palmer Street office in 1953.

“The Palmer Street hub has played its part in significant events over the years, such as the 2012 London Olympics,” GCHQ said.

The National Cyber Security Centre (NCSC), which is part of GCHQ, opened its new headquarters near Victoria in London in 2017.

GCHQ, which was formed in 1919 under the original name of the Government Code and Cypher School, has other offices in Cornwall, Scarborough, Lincolnshire and Harrogate.

In February, Queen Elizabeth unveiled a plaque with a secret message when she toured GCHQ’s original top-secret London home until 1921 – Watergate House in Charing Cross – before it moved to Queen’s Gate in Kensington and then to Bletchley Park, north of the capital.

GCHQ has a close relationship with the U.S. National Security Agency as well as with the eavesdropping agencies of Australia, Canada and New Zealand in a consortium called “Five Eyes”.

(Writing by Guy Faulconbridge; editing by Michael Holden)

Source: OANN

0 0

Olympics: JOC head Takeda likely to retire amid corruption probe – report

Tsunekazu Takeda, President of the Japanese Olympic committee, bows as he attends a news conference in Tokyo, Japan
Tsunekazu Takeda, President of the Japanese Olympic committee, bows as he attends a news conference in Tokyo, Japan January 15, 2019. REUTERS/Issei Kato

March 15, 2019

TOKYO (Reuters) – Japanese Olympic Committee President Tsunekazu Takeda is likely to retire without serving another term as French prosecutors are investigating him for suspected corruption in Japan’s successful bid to host the 2020 Games, public broadcaster NHK reported.

The JOC is scheduled to elect its president in June in regular biennial voting, but senior officials on the committee and others close to the matter said his chances of another term amid the investigation were slim, NHK said.

Other sources said Takeda — head of the committee since 2001 — should decide by himself whether to step down, the broadcaster reported.

The JOC said “nothing has been decided” without adding further comment. The Tokyo 2020 organizing committee declined to comment.

French prosecutors have been probing multi-million dollar payments made by the Tokyo bid committee to a Singapore consulting company.

The prosecuting judge now suspects Takeda of paying bribes to secure the winning bid, a judicial source told Reuters. Takeda was questioned in Paris in December and placed under formal investigation.

Takeda, who was president of the 2020 bid committee, has denied any wrongdoing, saying that there was nothing improper with the contracts made between the committee and the consultancy and that they were for legitimate work.

The International Olympic Committee’s ethics commission has opened an ethics file on Takeda, who is also an IOC member and chairs its marketing commission.

Takeda was also re-elected to his post as vice president of the Olympic Council of Asia earlier this month.

(Reporting by Chris Gallagher; Additional reporting by Jack Tarrant; editing by Nick Mulvenney)

Source: OANN

0 0

Cuomo: Joe Biden Has ‘the Best Chance’ of Beating Trump

New York Gov. Andrew Cuomo, a Democrat, said Tuesday that former Vice President Joe Biden has “the best chance” of beating President Donald Trump in the 2020 election.

"I think he has the best chance of defeating President Trump, which I think is the main goal here," Cuomo said in an interview with CNN’s Alisyn Camerota. “He has the experience, he has the background, he has the talent, I think he has the personality for the moment and I think he can unify the Democratic Party.”

Although Biden has not officially announced that he is seeking the Democratic nomination, he is expected to make an announcement this week.

Cuomo also was asked if he regrets not entering the race himself after he was reelected to a third term last year.

“I do not regret [it]. I have a great job, I love what I’m doing. I want to help elect the next Democratic president and I think Joe Biden has the best shot at doing that,” he said.

During that same interview, Cuomo said he disagrees with Vermont Sen. Bernie Sanders, an independent who is a frontrunner for the Democratic nomination, on voting rights for incarcerated felons.

“I disagree with Bernie Sanders. You are in prison for a felony, you’re paying your debt to society. I don’t think you should have the right to vote and participate as a full citizen,” Cuomo said.

Source: NewsMax Politics

0 0

The Latest: Snow, ice making Midwest travel dangerous

The Latest on severe weather impacting the central U.S. (all times local):

6:45 a.m.

A powerful spring snow storm sweeping across the Midwest has made travel hazardous across Minnesota, Nebraska and South Dakota.

As much as 18 inches of snow has fallen in parts of South Dakota, where Gov. Kristi Noem closed state offices in much of the state Thursday amid heavy snow and strong winds.

Whiteout conditions have been reported in western Nebraska, where the Department of Transportation reported several highway closures Thursday morning.

Schools in Minneapolis and St. Paul are among hundreds of closed schools in Minnesota, where as much as 2 feet (0.61 meters) of snow is expected in the southwest part of the state by Friday. The Minnesota State Patrol says it has responded to more 200 crashes statewide since Wednesday.

The blizzard is part of a storm system known as a "bomb cyclone" that's slowly churning through the central U.S. for the second time in a month.

___

12 a.m.

A storm system known as a "bomb cyclone" churned through the U.S. interior for the second time in a month, unleashing a blizzard that struck the Upper Midwest and creating hazardous fire conditions farther south.

The storm knocked out power Wednesday to thousands of homes and businesses in South Dakota, disrupted air and ground travel from Colorado to Minnesota and threatened to swell rivers in the Midwest that flooded after March's drenching.

National Weather Service Forecaster David Roth said both storms are what is known as a "bomb cyclone," a weather phenomenon that entails a rapid drop in air pressure and a storm strengthening explosively.

Forecasters said this week's storm will swell rivers again, though likely not to the levels seen last month.

Source: Fox News National

0 0

2020 candidates, journalists pushed tweet falsely claiming Trump called asylum seekers ‘animals’

A tweet that has since been deleted went viral over the weekend for claiming that President Trump referred to asylum seekers trying to gain entry into the U.S. as “animals.”

At issue was Trump’s comments during a May 2018 listening session about immigration, when he responded to remarks about MS-13 gang members by referring to them as “animals.” Many at the time took his comment out of context to suggest he was referring to all immigrants.

JUDGE BLOCKS TRUMP'S ASYLUM SEEKER POLICY

Nearly a year later, Twitter user Mark Elliott shared video of those same remarks and tweeted that he referred to asylum seekers as “animals,” suggesting the president’s remarks were made recently.

Elliott deleted the tweet three days later and offered an apology.

“I have learned that Trump's comments were in response to a specific question about MS-13 members and not about asylum seekers more broadly. I have chosen to delete the tweet, but am copying it here. My apologies for not being more accurate,” Elliott tweeted Monday.

OMAR CALLS STEPHEN MILLER 'WHITE NATIONALIST'

But before deleting the tweet, it went viral, sparking 2020 presidential candidates as well as several members of the media to condemn Trump. Many of the reactions were compiled by Washington Free Beacon’s Alex Griswold.

New York Sen. Kirsten Gillibrand declared on Twitter that “no human being is an animal.” South Bend Mayor Pete Buttigieg expressed similar sentiment. Other prominent Democrats like Democratic National Committee Chairman Tom Perez called out such “dehumanizing” language. 

Several journalists peddled the item on Twitter, including MSNBC host Joy Reid and New York Times reporter Glenn Thrush. It was also mentioned on-air by CNN anchor Jim Sciutto as well as MSNBC commentators Neera Tanden and Jonathan Alter of The Daily Beast.

Source: Fox News Politics

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist