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Citgo formally cuts ties with Venezuela-based parent company: sources

The Citgo Petroleum Corporation headquarters are pictured in Houston
FILE PHOTO: The Citgo Petroleum Corporation headquarters are pictured in Houston, Texas, U.S., February 19, 2019. REUTERS/Loren Elliott

February 26, 2019

By Marianna Parraga

(Reuters) – U.S. refiner Citgo Petroleum Corp is formally cutting ties with its parent, state-run oil firm Petroleos de Venezuela SA, to meet U.S. sanctions imposed on the OPEC country, two people close to the decision told Reuters on Tuesday.

Executives at the Houston-based firm set a Feb. 26 deadline to end relationships with PDVSA following sanctions designed to curb oil revenues to socialist President Nicolas Maduro and support the nation’s transition government formed by Venezuelan congress head Juan Guaido.

The United States, Canada and dozens of other nations have recognized Guaido as Venezuela’s legitimate president, but Maduro still controls the military, public institutions and PDVSA, which provides 90 percent of the country’s export revenue.

Citgo has halted payments to its parent, subscriptions to corporate services, email communications and minimized mentions to PDVSA on marketing materials and its website.

Expatriate Venezuelan employees this month returned to Venezuela and a procurement subsidiary operating from Citgo’s headquarters, PDVSA Services, was shut, the people familiar with the matter said.

A Citgo spokeswoman did not respond to requests for comment.

The company is trying to free itself of sanctions that have hampered access to financing. It is prioritizing refinancing a revolving credit and term loan by the end of July, the sources said. Credit rating firm Fitch on Monday placed Citgo on rating watch citing heightened refinancing risk due to sanctions.

“We have been told that we have to organize the house by Feb. 26 to avoid conflicts with sanctions,” one of the sources said.

A new Citgo board of directors was appointed this month by the Venezuelan congress under Chairwoman Luisa Palacios, who last week named a management team under Rick Esser, the company’s new executive vice president. New boards for PDVSA and subsidiaries, PDV Holding and Citgo Holding, also have been appointed by the Venezuelan National Assembly.

Citgo is Venezuela’s main foreign asset. It is the eighth largest U.S. refiner, with a 750,000-barrel-per-day refining network capable of supplying 4 percent of the country’s fuel through a network of some 5,000 gas stations in 30 states.

The Venezuelan congress has been researching the South American nation’s assets and bank account around the globe in an effort to gain access to cash and foreign facilities.

It is unclear if Citgo’s new board has completed a registration process in Delaware to legally take control of the company. The new board could face a legal challenge by PDVSA’s current leadership if the board was not legally constituted.

(Reporting by Marianna Parraga in Mexico City; Editing by Richard Chang)

Source: OANN

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Italy’s Salvini says he is under investigation for ‘kidnapping’ migrants after refusing entry

Italian Interior Minister Matteo Salvini said this week that he is under investigation for allegedly “kidnapping” migrants when the Italian government refused to allow an NGO ship of rescued migrants to dock.

Salvini, who serves as a deputy prime minister in the coalition between his nationalist party, League, and the radical 5-Star Movement, said on Twitter on Monday that he was under investigation, but was defiant in his position.

ITALY SEES MIGRANT NUMBERS PLUMMET AFTER NATIONALIST POLICIES TAKE HOLD

“I do not change my mind! “ he tweeted “For the good or the Italians, with me the ports are and remain CLOSED!”

The investigation centers on a decision in January not to allow the Sea Watch vessel, carrying 47 migrants, to dock in Italy, according to La Repubblica. The rescue boat was one of a number of vessels that rescues migrants coming from Libya, and brings them to Italian shores.

Prime Minister Giuseppe Conte, and fellow Deputy Prime Minister Luigi Di Maio are also facing charges for the refusal to allow migrants to leave the boat, according to The Guardian.

Italian Deputy Premier and Labour and Industry Minister, Luigi Di Maio, gestures while attending a press conference during his visit to the Salone del Mobile Furniture Fair, near Milan, Italy, Friday, April 11, 2019.

Italian Deputy Premier and Labour and Industry Minister, Luigi Di Maio, gestures while attending a press conference during his visit to the Salone del Mobile Furniture Fair, near Milan, Italy, Friday, April 11, 2019. (Daniel Dal Zennaro/ANSA via AP)

ITALY REFUSES TO ACCEPT MIGRANTS ON NGO RESCUE BOAT, SAYS IT SHOULD GO TO FRANCE INSTEAD

At the time, Di Maio invited the boat to travel to Marseille, France instead. It was eventually allowed to dock, but only after an agreement was reached by which the migrants could be distributed to other countries -- including France.

Salvini’s League shot from near obscurity to the top of the polls last year, and has stayed there since the 2018 election, in part by promising to end the practice and to cut down on the number of migrants entering the country from Libya.

Salvini's approach has produced results: official numbers showed that in January 2018, 3,176 migrants landed on the Italian coast via boats. But in January 2019 that number was just 155.

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But Salvini has faced continued opposition from the courts. He had previously been facing charges of kidnapping over his refusal to allow a boat of 177 migrants to land in Italy last year. However, Senate lawmakers blocked the case from proceeding.

The legal challenges have not stopped Salvini from going forward with his agenda. Last week, he announced a right-wing alliance with other nationalist leaders ahead of the European Parliament elections in May.

Source: Fox News World

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Research Ties Common Heartburn Meds to Kidney Disease

Common medications prescribed to treat heartburn, acid reflux and ulcers are linked to increased risks for kidney failure and chronic kidney disease, found a recent University at Buffalo study.

Use of proton pump inhibitors (PPI), a group of drugs that reduce the production of stomach acid, increases the risk of chronic kidney disease by 20 percent and raises the risk of kidney failure by four times. Risks were highest among people at least 65 years old.

The research, published in February in Pharmacotherapy, is one of the first large, long-term studies to examine the effects of PPIs on kidney function. Researchers examined the health data of more than 190,000 patients over a 15-year period.

“This study adds to a growing list of concerning side effects and adverse outcomes associated with PPIs,” says David Jacobs, PharmD, PhD, lead investigator and assistant professor of pharmacy practice in the UB School of Pharmacy and Pharmaceutical Sciences.

“Given the increasing global use of PPIs, the relationship between PPIs and renal disease could pose a substantial disease and financial burden to the health care system and public health.”


A new article exposes how unhealthy antibiotics can be for humans. Alex Jones discusses the negative affects when we give them to children as well as farmers feeding them into our food supply.

PPIs are one of the most commonly prescribed medications in the U.S., with an estimated 113 million prescriptions filled in 2008, costing patients nearly $14 billion, says Jacobs.

Due to acid reflux and related conditions only requiring short-term treatment with PPIs, he adds, up to 70 percent of patients overuse these medications without benefit and are subjected to unnecessary adverse effects.

(Photo by Quinn Dombrowski / Flickr)

The prevalence of PPI use in the U.S. could have a devastating effect on public health. Because these drugs are still considered safe, education and deprescribing initiatives are needed to raise awareness among health care providers, says Jacobs. Deprescribing may involve reducing dosage or stopping usage.

Data for the investigation was gathered from medical insurance and prescription claims from a Western New York insurer. Researchers examined medical history from 1993-2008 of adult patients with no history of kidney disease.

Kidney health was compared between patients who underwent PPI therapy and those who were unexposed. Examined PPIs included esomeprazole, lansoprazole, omeprazole, pantoprazole and rabeprazole (commonly known by brand names as Vimovo, Prevacid, Prilosec, Protonix and Aciphex, respectively).


The MSM is pushing the narrative of racial division after the tragic shooting in New Zealand. Alex breaks down this divide and conquer tactic being promoted by propaganda.

Source: InfoWars

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MLB roundup: Harper tossed as Mets beat Phillies

MLB: Philadelphia Phillies at New York Mets
Apr 22, 2019; New York City, NY, USA; New York Mets starting pitcher Steven Matz (32) pitches against the Philadelphia Phillies during the first inning at Citi Field. Mandatory Credit: Andy Marlin-USA TODAY Sports

April 23, 2019

Jeff McNeil had two hits, including a solo home run, to lift the host New York Mets past the Philadelphia Phillies 5-1 on Monday in a game that saw Phillies right fielder Bryce Harper get ejected while arguing from the dugout.

Mets starter Steven Matz (2-1) was effective, allowing three hits and one run in six innings. He struck out six and walked two. It was a completely different outcome from his last start against the Phillies in which he faced eight batters and failed to record an out on April 16.

Rhys Hoskins ripped a solo homer for the Phillies. Cesar Hernandez had Philadelphia’s only other two hits in the game, as the Phillies failed to support starter Jake Arrieta (3-2). The right-hander threw six-plus innings and gave up seven hits and four runs (three earned). He fanned seven and walked one.

In a bizarre circumstance, Harper was tossed with two outs in the fourth. After a questionable called strike to Hernandez, plate umpire Mark Carlson motioned to the dugout and ejected Harper for arguing balls and strikes. Harper had reached base in all of his previous 21 games with the Phillies before going 0-for-2 with two strikeouts and being ejected.

Rockies 7, Nationals 5

Nolan Arenado homered and finished with three hits — including the 1,000th of his career — while Mark Reynolds and Raimel Tapia also went deep to lead Colorado past Washington in Denver.

Trevor Story had two hits and Seunghwan Oh (1-0) pitched an inning of relief for the victory. Colorado has won seven of its past eight following an eight-game losing streak. Wade Davis pitched the ninth inning for his second save.

Arenado’s milestone hit came leading off the seventh inning, when he hit his fourth home run of the season off reliever Wander Suero (1-2) to make it 6-5. Brian Dozier homered, and Howie Kendrick drove in two for the Nationals.

Cardinals 13, Brewers 5

Dexter Fowler matched his career high with four hits, drove in four runs and scored three to help St. Louis throttle visiting Milwaukee in the opener of the three-game series.

Paul Goldschmidt had three hits and three RBIs, and Jose Martinez, Paul DeJong and Matt Carpenter contributed two hits each for St. Louis, which blew the game open with seven runs in the seventh inning.

Cardinals right-hander Jack Flaherty (2-1) made his third start of the season against the Brewers and delivered his longest outing, going six innings and giving up four runs and three hits, all homers. He struck out a season-high 10 and walked one. Milwaukee’s Adrian Houser (0-1), making his first major league start, went four-plus innings and gave up five runs on nine hits.

Twins 9, Astros 5

Jorge Polanco recorded his second four-hit game of the season, and he belted a two-run, two-out homer in the eighth inning to carry Minnesota to victory in the opener of a three-game series in Houston.

The Twins, winners of five of their past six, scored two in the first and another run in the second — Jason Castro’s first home run of the season leading off the frame — off Brad Peacock (2-1). Minnesota’s Jake Odorizzi (2-2) limited the Astros to two runs on eight hits over 5 2/3 innings, striking out two without walking a batter.

Houston trailed 7-1 before getting a solo homer from Michael Brantley in the sixth inning and a three-run blast from Carlos Correa in the seventh, but like Sunday night (when Houston rallied from a nine-run deficit and loaded the bases with two outs in the ninth inning before falling 11-10), the Astros couldn’t complete the comeback.

Rays 6, Royals 3

Tampa Bay hit for the cycle in the bottom of the seventh, scoring three runs to emerge with a win over visiting Kansas City. Mike Zunino hit a 425-foot, two-run home run to dead center for the key hit in the inning.

Wilmer Font (1-0) recorded the final out of the seventh and picked up the victory for the Rays, who snapped a four-game losing streak. Emilio Pagan pitched the ninth to record up his first major league save.

Brad Keller (2-2) took the loss for the Royals, who dropped their fourth in a row. He had not surrendered more than three earned runs in any of his first five starts, but he gave up five runs on seven hits in 6 1/3 innings.

Diamondbacks 12, Pirates 4

David Peralta smacked a three-run triple and Christian Walker added a two-run homer during a seven-run seventh inning as Arizona clobbered host Pittsburgh.

Pirates starter Joe Musgrove, who had allowed two earned runs this season, was charged with three runs and five hits in six-plus innings. He struck out five and walked two. Kyle Crick (0-1) took the loss after giving up four runs in two-thirds of an inning.

Eduardo Escobar homered and drove in three runs, and John Ryan Murphy added three hits for Arizona, which has won six of its past eight games. Diamondbacks starter Zack Godley gave up four runs and seven hits in four innings, but Matt Andriese (3-1) got the win with two scoreless innings of relief.

White Sox 12, Orioles 2

Jose Abreu hit his 150th career home run and drove in five runs while James McCann hit a homer and had four RBIs as Chicago scored a season high in runs to win at Baltimore.

Orioles starter David Hess (1-4) kept the White Sox quiet in the first four innings, but homers have troubled him this season, and it happened again in this game. With the game scoreless, Tim Anderson started the fifth with a double and Nicky Delmonico walked. McCann then crushed a three-run shot to left-center — the eighth surrendered by Hess.

Manny Banuelos made his first start this season for Chicago — his first major league start since September 2015 — and scattered five hits in four shutout innings. Jace Fry (1-0) got the victory in relief.

Tigers at Red Sox, ppd.

Detroit’s scheduled game at Boston was rained out and will be made up as part of a day-night doubleheader Tuesday.

–Field Level Media

Source: OANN

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Police: Suspect who blamed panhandler sought brother's help

Police say a man accused of killing his wife and blaming her death on a Baltimore panhandler had asked his brother to help "get rid" of her.

Charging documents first obtained by The Baltimore Sun state that a friend told detectives that Keith Smith asked his brother "to get rid of Jacquelyn," which he took to mean he wanted his brother to kill her. Police believe Jacquelyn Smith had talked about divorcing her husband.

When Jacquelyn Smith was fatally stabbed last year, Keith Smith said she rolled down her window to give money to a panhandler, who stabbed her.

But police announced Sunday that story wasn't true. Investigators say Keith Smith and his daughter are facing first-degree murder charges after their arrests in Texas as they prepared to leave the country.

___

Information from: The Baltimore Sun, http://www.baltimoresun.com

Source: Fox News National

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EU, UK to Seek Further Brexit Delay

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Source: InfoWars

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Galaxy to face FC Dallas without Ibrahimovic

MLS: Chicago Fire at LA Galaxy
Mar 2, 2019; Carson, CA, USA; LA Galaxy forward Zlatan Ibrahimovic (9) reacts during the first half against the Chicago Fire at StubHub Center. Mandatory Credit: Kelvin Kuo-USA TODAY Sports

March 9, 2019

The Los Angeles Galaxy’s Zlatan Ibrahimovic will not play Saturday afternoon at FC Dallas after the striker did not travel in advance of the second regular-season MLS game for both teams.

Ibrahimovic, who scored the game-winning goal in the 80th minute of last Saturday’s season-opening victory over the Chicago Fire, has been bothered by a sore Achilles.

The Galaxy also will be without Romain Alessandrini, who came away with a hamstring injury in the game against the Fire. The Galaxy are expected to have new arrival Joe Corona on hand after he was added March 6 from Tijuana of Liga MX.

Ibrahimovic, who is in his second season with the Galaxy, scored 22 goals last season, second most in MLS.

–Field Level Media

Source: OANN

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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