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SoftBank, others in talks to invest $1 billion in Uber’s self-driving unit: WSJ

FILE PHOTO: Uber's logo is displayed on a mobile phone
FILE PHOTO: Uber's logo is displayed on a mobile phone, September 14, 2018. REUTERS/Hannah Mckay/File Photo

March 13, 2019

(Reuters) – A consortium that includes SoftBank Group Corp is in late-stage talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, the Wall Street Journal reported on Wednesday, citing people familiar with the negotiations.

SoftBank’s Vision Fund and other investors, including at least one unnamed automaker, would take a minority stake in the self-driving vehicle unit at a valuation of between $5 billion and $10 billion, the Journal said.

The talks are fluid and could still fall apart but should there be a deal, it could surface next month, the report said.

(Reporting by Rama Venkat in Bengaluru)

Source: OANN

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Family Research Council 13th Annual Values Voter Summit Remarks by Benjamin Carson, M.D.

Family Research Council 13th Annual Values Voter Summit Remarks by Benjamin Carson, M.D. Speaker: Benjamin Carson, M.D., Former Director of Pediatric Neurosurgery, Johns Hopkins Hospital (Appearing in His Personal Capacity) Location:  Omni Shoreham Hotel, Washington, D.C. Time:  3:11 p.m. EDT Date:  Friday, September 21, 2018   Transcript By Superior Transcriptions LLC www.superiortranscriptions.com   (Cheers, applause.) […]

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APNewsBreak: Police say Salvadoran suspect killed for meth

A detective says a Salvadoran immigrant charged with four Nevada murders told police he robbed and killed his elderly victims during a 10-day rampage in January because he needed money to buy methamphetamine.

The detective told the grand jury, which indicted Wilber Ernesto Martinez-Guzman in Reno last week, the 20-year-old who is living in the U.S. illegally broke into tears and repeatedly called himself an "idiot" before confessing to the murders during an interrogation hours after his arrest in Carson City on Jan. 19.

According to the grand jury transcript obtained by The Associated Press, Washoe County Sheriff's Detective Stefanie Brady testified March 13 that Martinez-Guzman initially denied any wrongdoing and was smiling and giggling during some of the questioning.

But after she confronted him with several contradictions in his story during a nearly three-hour interrogation, he said through a Spanish interpreter he had "done something that's unforgiveable."

She says he told her he shot the victims "because of the drugs."

"He said he needed the money for the meth and it was the meth," Brady testified, according to the 268-page transcript filed late Tuesday in Washoe District Court.

The grand jury indicted Martinez-Guzman last week on four counts of murder with the use of a deadly weapon, three counts of burglary while in possession of a firearm and one count each of burglary, burglary while gaining possession of a firearm and possession of a stolen firearm.

A not guilty plea was entered on his behalf during an arraignment Tuesday. His trial isn't scheduled to begin until April 2020.

His public defense attorney, John Arrascada, said in an email to AP he didn't receive the grand jury transcript until Wednesday, was reviewing it and had no immediate comment.

Federal officials have said Martinez-Guzman is in the U.S. illegally but they don't know how or when he crossed the border.

The case has drawn the attention of President Donald Trump, who says it shows the need for a border wall.

District Attorneys Chris Hicks of Washoe County and Mark Jackson of Douglas County announced last week they are seeking the death penalty but that Martinez-Guzman's immigration status had nothing to do with that decision.

The four slaying victims include Gerald David, 81, and his 80-year-old wife, Sharon David, a prominent Reno Rodeo Association couple who had employed Martinez-Guzman as a landscaper last summer at their house where they were found dead Jan. 16.

Police say they were shot with a .22-caliber handgun that Martinez-Guzman stole from them earlier.

Court documents allege that Martinez-Guzman's DNA was found on the same gun that was also used to kill Connie Koontz and Sophia Renken in their homes in Gardnerville south of Carson City.

Detective Brady told the grand jury that Martinez-Guzman was "engaging" and made "lots of eye contact" during the early stages of the interrogation at the Carson City sheriff's office.

"He smiled, kind of giggled through some of the questions. But he was very engaged in the conversation," she said.

After she read him his Miranda rights, "he actually acknowledged that he was fine not having an attorney because he hadn't done anything wrong," she said.

He indicated he had buried "a bunch of stuff" that he found by a river in Carson City. But when she confronted him about several contradictions, his answers became slower, his body posture was more slumped and he started touching his face uncontrollably.

When she asked him about some fishing poles that had been stolen from the Davids, "there was a really long pause. And at that point, he had dropped his head and began to cry with long deep breaths."

"He talked about how he was an idiot. He repeated that several times," Brady testified. "He talked about how he had done something that's unforgiveable."

"He said ... something about if he tells me what he did, it's not going to bring back the people that he shot," she said, and then shortly after that blamed the killings on his need for money to buy drugs.

She said he initially denied he killed Renken, but ultimately acknowledged he shot her too.

Source: Fox News National

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Parliament will wrest control of Brexit if PM fails to build consensus: UK lawmaker

MP Yvette Cooper attends a debate on PM Theresa May's Brexit 'plan B' in Parliament, in London
FILE PHOTO: MP Yvette Cooper attends a debate on PM Theresa May's Brexit 'plan B' in Parliament, in London, Britain, January 29, 2019. UK Parliament/Jessica Taylor/Handout via REUTERS

March 11, 2019

LONDON (Reuters) – Prime Minister Theresa May must find a way to build consensus in parliament over Britain’s departure from the European Union, and if she fails to, parliament will try to take control of Brexit, a Labour Party lawmaker said on Monday.

Yvette Cooper, an opposition party lawmaker who has led efforts to hand parliament more control over Brexit, said in a speech at the Centre for European Reform: “There are practical steps the prime minister can take now, not easy ones, but sensible ones – step by step to build more consensus around a way through this.”

“Now if she won’t find a way through, then parliament has a responsibility to do so instead. And once again, we will be ready to work cross-party on amendments to do that.”

(Reporting by William James, writing by Elizabeth Piper; editing by Guy Faulconbridge)

Source: OANN

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Report: Warriors fear Cousins tore quad in loss to Clippers

NBA: Playoffs-Los Angeles Clippers at Golden State Warriors
April 15, 2019; Oakland, CA, USA; Golden State Warriors center DeMarcus Cousins (0) walks off the court after an injury against the LA Clippers during the first quarter in game two of the first round of the 2019 NBA Playoffs at Oracle Arena. Mandatory Credit: Kyle Terada-USA TODAY Sports

April 16, 2019

The Golden State Warriors fear center DeMarcus Cousins suffered a torn quad during the team’s stunning Game 2 loss to the Los Angeles Clippers in Oakland, Calif., ESPN’s Adrian Wojnarowski reported late Monday night.

Noting that the exact nature of the injury won’t be known until an MRI exam is performed Tuesday, Wojnarowski reported “there was evidence that Cousins’ noncontact injury … was serious and season-ending, league sources said.”

Cousins was injured while trying to run down a loose ball 3 1/2 minutes into the team’s eventual 135-131 loss to the Clippers. With the Warriors leading 11-9 and the Clippers possessing the ball just past the half-court line, Cousins deflected a pass and sent it down the court toward the Warriors’ bench. Trying to run down the ball before it went out of bounds, Cousins stumbled and went down without being touched, and immediately grabbed his left quad.

He got up and soon limped off the court toward the Warriors’ locker room. He had two points on a pair of free throws in four official minutes played. He also had two rebounds and an assist.

Cousins, 28, had nine points, nine rebounds and four assists in Saturday night’s Game 1, his first career playoff game. The Warriors won that game 121-104.

Cousins signed a one-year, $5.3 million deal with the Warriors last offseason, then missed the team’s first 45 games of the season as he continued to rehab from a ruptured left Achilles tendon he suffered playing for the New Orleans Pelicans on Jan. 26, 2018.

In taking the one-year deal with the Warriors, Cousins’ plan was to use this season to play his way back into a big free-agent contract this summer. If the quad is indeed torn, Cousins “could be facing several more months of rehab,” per Wojnarowski.

Picked fifth overall in the 2010 draft, the nine-year veteran is a four-time All-Star with career averages of 21.2 points, 10.9 rebounds. 3.2 assists, 1.4 steals and 1.2 blocks per game.

–Field Level Media

Source: OANN

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NHL roundup: Toews, Kane set career marks in Chicago’s win

NHL: St. Louis Blues at Chicago Blackhawks
Apr 3, 2019; Chicago, IL, USA; Chicago Blackhawks center Jonathan Toews (19) scores against St. Louis Blues goaltender Jake Allen (34) during a shootout at United Center. Mandatory Credit: Kamil Krzaczynski-USA TODAY Sports

April 4, 2019

Captain Jonathan Toews scored his career-high 35th goal and also converted in the first round of a shootout as the host Chicago Blackhawks skated to a 4-3 victory over the St. Louis Blues on Wednesday.

Patrick Kane collected a goal and an assist to set a career high of his own with 107 points. Artem Anisimov also tallied for the Blackhawks, who won four of the five meetings in the season series with the Blues.

Vladimir Tarasenko scored his team-leading 32nd goal, and David Perron also tallied for the third-place Blues, who are 7-1-2 in their past 10 games and moved within one point of front-running Winnipeg and Nashville in the Central Division.

Kane’s team-leading 42nd goal allowed him to surpass his point total from his Hart Trophy-winning campaign in 2015-16. Toews’ 35th goal eclipsed his previous career-high mark set during the 2008-09 season.

Ducks 3, Flames 1

Ryan Miller had 25 saves, and Ryan Getzlaf scored a goal as host Anaheim continued its home dominance of Calgary.

It was the 378th career victory for Miller, increasing his record for most by a U.S. born goaltender in NHL history. The Ducks improved 39-9-6 all time against the Flames in games played at Anaheim.

Derek Ryan scored the only goal for Calgary, which already clinched the Pacific Division and the No. 1 seed in the Western Conference for the Stanley Cup playoffs and thus rested their top four defensemen — Mark Giordano, T.J. Brodie, Travis Hamonic and Noah Hanifin — for the second straight game, as well as regulars Sean Monahan, Elias Lindholm and Sam Bennett.

Senators 4, Rangers 1

Rookie Brady Tkachuk had a goal with an assist to help visiting Senators beat New York and take the season series between two teams that will miss the playoffs.

Bobby Ryan, Zack Smith and Brian Gibbons also scored, and backup goalie Anders Nilsson made 27 saves for the Senators. Though Ottawa will finish with the fewest points in the NHL, it has won six times in the past 10 games.

New York is 3-8-1 over the past 12 games. Henrik Lundqvist also stopped 27 shots while losing his sixth consecutive start. He remains one win shy of 450 for his career.

–Field Level Media

Source: OANN

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El Salvador arrests ex-soldier in slaying of US advisers

El Salvador police say they've arrested a man convicted of participating in the 1981 killing of two American labor advisers and the head of the country's land reform agency — a case that shook U.S. relations with a Central American nation then embroiled in civil war.

Police said Sunday they had arrested Jose Dimas Valle Acevedo, who had been a corporal in the now-disbanded National Guard.

He was one of two men who confessed to gunning down land reform chief Jose Rodolfo Viera, as well as Michael Peter Hammer and Mark David Pearlman, U.S. citizens working with the AFL-CIO.

Both gunmen were freed under a 1987 amnesty law that was overturned in 2016.

A U.N. truth commission said the slaying apparently was ordered by prominent businessmen, but charges were dropped.

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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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