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House calls for upcoming Mueller report to be made public

Attorney General William Barr delivers remarks to the National Association of Attorneys General at the White House
FILE PHOTO: Attorney General William Barr delivers remarks to the National Association of Attorneys General in the State Dining Room ahead of President Trump at the White House in Washington, U.S., March 4, 2019. REUTERS/Leah Millis

March 14, 2019

WASHINGTON (Reuters) – The U.S. House of Representatives overwhelmingly approved a non-binding resolution on Thursday calling for Special Counsel Robert Mueller’s upcoming report on his probe into Russia’s role in the 2016 election to be released to Congress and the public.

The 420-0 House vote, with four Republican lawmakers voting “present,” put pressure on U.S. Attorney General William Barr, to whom Mueller will submit the report when it is done, to make it public, though it does not force him to do so.

(Reporting by David Morgan; Editing by Will Dunham)

Source: OANN

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Mutual friends and borrowed cars: how Ukraine’s would-be leader is linked to tycoon

FILE PHOTO: Ukrainian presidential candidate and comedian Volodymyr Zelenskiy speaks with journalists before undergoing a drugs and alcohol test in Kiev
FILE PHOTO: Ukrainian presidential candidate and comedian Volodymyr Zelenskiy speaks with journalists before undergoing a drugs and alcohol test, which is a precondition to participate in a policy debate ahead of the second round of a presidential election, outside a hospital in Kiev, Ukraine April 5, 2019. REUTERS/Valentyn Ogirenko/File Photo

April 16, 2019

By Polina Ivanova

KIEV (Reuters) – Volodymyr Zelenskiy, front runner to be the next Ukrainian president, has connections to one of the country’s wealthiest tycoons that are undermining his image as an insurgent who will sweep aside the powerful moneyed elite.

Presenting himself as an anti-establishment outsider backed by spontaneous grass-roots support, Zelenskiy won the first round of voting last month, and opinion polls make him strong favorite in the run-off on April 21 against the incumbent president, Petro Poroshenko.

Zelenskiy’s ties to oligarch Ihor Kolomoisky have, however, become an election issue. Poroshenko has said that, if elected, Zelenskiy will do the businessman’s bidding, something the front runner denies. In interviews, Zelenskiy has bridled at suggestions he is Kolomoisky’s “puppet”.

The Ukrainian government has alleged that billions of dollars were fraudulently siphoned out of PrivatBank, Ukraine’s biggest lender, while Kolomoisky owned it. It has since been nationalized. Kolomoisky denied any wrongdoing.

Zelenskiy’s celebrity was established by a comedy show – in which he played an everyman who accidentally becomes president – broadcast by 1+1, a TV network controlled by Kolomoisky.

A study by Reuters of vehicle registration databases, company ownership documents and photographic records indicates that Kolomoisky and the Zelenskiy intersect in other ways.

According to that evidence, the two men have business partners in common, Zelenskiy uses security staff also seen in the past accompanying Kolomoisky, a former Kolomoisky adviser is on Zelenskiy’s campaign team and at least two vehicles used by Zelenskiy and his entourage are owned by people or entities linked to Kolomoisky.

None of the evidence demonstrates that Kolomoisky is financing Zelenskiy’s campaign or influencing him.

Both Zelenskiy and Kolomoisky have said their relationship is strictly professional, and centered on the comedian’s TV work. Both say no undue influence is being exerted by the oligarch.

ELECTION RESULT

While Zelenskiy’s connections to Kolomoisky are not seen as swaying the election result, given the candidate’s popularity with voters, commentators question how the relationship would develop later.

“The risks of influence are there, and they will most likely become evident in his hiring policies,” said Volodymyr Fesenko, political analyst and director of Kiev’s Penta think-tank.

“If Zelenskiy becomes president, taking into account that he basically doesn’t have any people, or has very few, Kolomoisky can suggest different people to him (for government office) through whom he will then exert his influence on power.”

Asked to comment on the connections documented by Reuters, Zelenskiy’s campaign did not reply. Kolomoisky did not reply to a request for comment sent to him via his 1+1 media company.

After one campaign stop on April 5, Zelenskiy squeezed through a scrum of journalists and climbed into a black bulletproof Mercedes that was registered, according to a vehicle ownership database, to an associate of Kolomoisky.

The car is an example of a web of connections between Zelenskiy and Kolomoisky that have muddied the candidate’s image as an outsider

The Mercedes was registered in the name of a Ukrainian businessman called Timur Mindych, who is on the board of trustees of the Jewish Community of Dnipropetrovsk, a body of which Kolomoisky is president.

Until recently Mindych shared ownership with Kolomoisky of Vision TV. In 2017 Mindych was registered as holding a 9 percent stake in Kolomoisky’s Belize offshore company, Harley Trading Limited, one of the firms via which Kolomoisky controls the 1+1 media empire.

Mindych is also a part of Zelenskiy’s orbit.

Cyprus and Ukrainian business registry records show that he is a co-owner of Cyprus-registered Green Family Ltd, founded by Zelenskiy and his partners in 2012. Zelenskiy exited the company in January this year.

Ukrainian business ownership records list Mindych as co-owner, with Green Family Ltd and other owners, of three companies involved in producing Zelenskiy’s TV shows, among other activities.

Calls to a phone number listed for Mindych went unanswered.

CAMPAIGN

Some of the people helping Zelenskiy with his election campaign have worked in the past for Kolomoisky.

A lawyer called Andrei Bogdan is on Zelenskiy’s staff, and represented him at a meeting with a government official last week, the official’s press office confirmed.

Bogdan became Kolomoisky’s adviser in 2014, when the businessman was the governor of Dnipropetrovsk region, the lawyer told the Ukrainian Pravda newspaper in 2016.

Dmytro Razumkov, an adviser to Zelenskiy’s campaign, declined to answer questions from Reuters about Bogdan’s role and declined to put Reuters in contact with him. Ukrainian media outlet Bihus quoted Razumkov as saying Bogdan was involved in Zelenskiy’s campaign “as his old friend”.

At the appearance in April, Zelenskiy was accompanied by a man who appeared to be in his security detail. The two were also photographed together during the campaign in the city of Lviv.

Reuters has also found photographs from six different occasions when the same man was with Kolomoisky.

Earlier this year, members of Zelenskiy’s security detail were filmed with him in a van owned by a company connected to Kolomoisky. Asked for comment, Zelenskiy’s campaign and Kolomoisky’s representatives did not reply.

(Reporting by Polina Ivanova, Natalia Zinets, Sergiy Karazy and Pavel Polityuk in KIEV, Rinat Sagdiev and Anton Zverev in MOSCOW; Writing by Christian Lowe; Editing by Giles Elgood)

Source: OANN

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Blue Jays’ Guerrero Jr. excels in Triple-A debut

FILE PHOTO: MLB: Spring Training-Pittsburgh Pirates at Toronto Blue Jays
FILE PHOTO: Mar 8, 2019; Dunedin, FL, USA; Toronto Blue Jays third baseman Vladimir Guerrero (27) runs to first during the third inning of a game against the Pittsburgh Pirates at Dunedin Stadium. Mandatory Credit: Butch Dill-USA TODAY Sports

April 12, 2019

Toronto Blue Jays prospect Vladimir Guerrero Jr. made his debut with Triple-A Buffalo on Thursday and showed why many think he is already ready to join the big league club.

The third baseman, who is the son of Hall of Fame member Vladimir Guerrero, had a walk, a double and a three-run home run, finishing the night 2-for-4 at the plate with four RBIs.

Guerrero, 20, was sidelined this spring with a left oblique strain and was sent to rehab the injury and start the season with Triple-A Buffalo.

He spent time last season at Double-A New Hampshire and Triple-A Buffalo.

In 61 games in New Hampshire, the younger Guerrero batted .402 with 14 home runs and 60 RBIs. After his promotion to Buffalo, he hit .336 with six home runs and 16 RBIs in 30 games.

The Blue Jays will gain a year of service time should he spend at least 15 days in the minors before being called up. Had he not been injured, the team likely would have been criticized if it had left him off the roster to ensure the extra year of control.

It is expected the Blue Jays will call him up to the majors early in the 2019 season.

Guerrero Jr. was hitting .211 with no home runs over 19 at-bats before he was injured.

–Field Level Media

Source: OANN

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For a Brief Moment #SilentSam was Silent No More, Although He will NOT be the last Death of the Civil War if @SPLCenter, #Antifa, and the #Left Get their method!

Protesters topple Silent Sam Confederate statue at UNC For a Brief Moment Silent Sam was Silent No More, Although He will NOT be the last Death of the Civil War if @SPLCenter , Antifa, and the Left Get their way!   CHAPEL HILL  The event unfolded as students begin a new semester at UNC Tuesday, […]

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Ebola spread concentrated in Congo, not a wider emergency: WHO

Health workers carry a newly admitted confirmed Ebola patient into a treatment centre in Butembo in the eastern Democratic Republic of Congo
FILE PHOTO: Health workers carry a newly admitted confirmed Ebola patient into a treatment centre in Butembo in the eastern Democratic Republic of Congo, March 28, 2019. REUTERS/Baz Ratner

April 12, 2019

By Stephanie Nebehay and Kate Kelland

GENEVA/LONDON (Reuters) – An outbreak of Ebola in the Democratic Republic of Congo (DRC) that has killed more than 700 people and is continuing to spread does not constitute an international emergency, the World Health Organization said on Friday.

Declaring the epidemic a “public health emergency of international concern” would have signaled that greater resources and international coordination are needed.

The WHO’s independent Emergency Committee, which analyzed the latest data, said the disease was entrenched in several epicenters in the northeast and was being transmitted in health care settings.

It had not spread across borders to Uganda, Rwanda or South Sudan, but neighboring countries should shore up their preparedness, the experts said.

“It was an almost unanimous vote that this would not constitute a PHEIC (public health emergency of international concern) because we are moderately optimistic that this outbreak can be brought into control – not immediately, but still within a foreseeable time,” panel chairman Professor Robert Steffen told a news conference.

Dozens of new cases reported this week have been mainly in the epicenters of Butembe, Katwe and Vuhovi, said Mike Ryan, head of the WHO’s health emergencies program.

“It’s quite a focused amplification of disease in a very specific geographic area,” Ryan said.

“But the disease there has risen because of lack of access to that community, we’ve fallen behind in starting vaccination rings,” he said, referring to attacks on health centers by armed groups in February that cut-off hotspot areas.

“Vaccine is proving to be a highly effective way of stopping this virus but if we can’t vaccinate people we cannot protect them,” he added, noting that nearly 100,000 people have been vaccinated.

Experts have declared four emergencies in the past decade: the H1N1 virus that caused an influenza pandemic (2009), a major Ebola outbreak in West Africa (2014), polio (2014) and Zika virus (2016).

Some experts expressed concern that the Emergency Committee was too narrowly interpreting WHO guidelines.

“This is a deeply concerning event, due to the pathogen itself, the total number of cases, the increase in cases just this week, and the difficulty of coordinating the response due to conflict – that needs to receive the appropriate level of attention,” health experts Rebecca Katz and Alexandra Phelan of Georgetown University in Washington D.C. said in a statement.

The Ebola outbreak – by far the biggest Congo has seen, and the world’s second largest in history – was declared by national authorities in August. It is concentrated in Congo’s North Kivu and Ituri provinces.

It has already infected at least 1,206 people, of whom 764 have died – giving a death rate of 63 percent.

They include 20 new cases reported by the health ministry on Thursday, another one-day record after 18 on Wednesday. Two workers at the Butembo airport tested positive, it said.

(Reporting by Stephanie Nebehay and Kate Kelland Additional reporting by Aaron Ross in Dakar; Editing by Hugh Lawson and Frances Kerry)

Source: OANN

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Families of killed reporters back Romania’s Kovesi for EU fraud prosecutor

FILE PHOTO: Romania's former chief anti-corruption prosecutor Kovesi arrives to attend a hearing in Bucharest
FILE PHOTO: Laura Codruta Kovesi, Romania's former chief anti-corruption prosecutor, arrives to attend a hearing at the Section for the Investigation of Criminal Offences in the judiciary in Bucharest, Romania, February 15, 2019. Inquam Photos/Octav Ganea via REUTERS

April 5, 2019

BRATISLAVA (Reuters) – The families of murdered Slovak and Maltese journalists on Friday backed Romania’s former chief anti-graft prosecutor’s bid to become the EU’s first fraud prosecutor – against the wishes of her country’s government.

The EU wants to set up the European Public Prosecutor’s Office (EPPO) next year to tackle graft, VAT fraud and other crimes involving the bloc’s multi-billion-euro joint budget, and Laura Codruta Kovesi is a frontrunner for the job.

During Kovesi’s five-year tenure as head of Romania’s DNA anti-corruption office, conviction rates for political graft jumped, drawing praise from the European Union, civil society groups and investors. But her EPPO bid is opposed by Romania’s ruling Social Democrats, who forced her out of the DNA last year.

Kovesi is backed by the European Parliament, while France’s candidate Jean-Francois Bohnert has already been named the preferred candidate of the Council of EU member states.

In an open letter to the EU Council on Friday, the families of murdered journalists Jan Kuciak, from Slovakia, and Malta’s Daphne Caruana Galizia urged member states to choose the Romanian.

They called her “the bravest and most distinguished candidate … who has shown herself willing to bring charges forward when all other institutions within a member state have failed to act.

“…A collapse in the rule of law in our countries (…) led to the murders of our family members (…). De facto immunity from prosecution emboldened their murderers, who operated complex cross-border rackets that should fall under the EPPO’s mandate.”

Caruana Galizia, who penned an anti-corruption blog, was killed by a car bomb near the Maltese capital Valletta in October 2017 – a murder that raised questions about the rule of law on the Mediterranean island.

Three men suspected of having been commissioned to carry out the killing have been arrested. They have pleaded not guilty.

Kuciak reported on fraud cases involving politically connected businessmen before he was found shot dead at home with his fiancée in February 2018. The murders, for which five people have been charged, stoked public anger over perceived corruption in Slovakia.

(Reporting By Tatiana Jancarikova; editing by John Stonestreet)

Source: OANN

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105 Economists, Conservatives Endorse Stephen Moore for FED

Over 100 economists and prominent conservative activists have signed a letter endorsing President Donald Trump's possible nomination to the Federal Reserve Board, The Hill reports.

"We, the undersigned, support Steve Moore's nomination to the Board of Governors of the Federal Reserve," the signatories wrote in a single-sentence statement.

Economist Arthur Laffer, Forbes Editor-in-Chief Steve Forbes, former Fed Vice Chairman Manley Johnson, and former President of the Federal Reserve of Atlanta Bill Ford are among the signatories.

Trump first announced in March he would nominate Moore, who acted as an economic adviser to Trump's 2016 presidential campaign,. Critics of Moore's nomination, which include several Republicans in Congress and conservative economists, question whether he is qualified for the post.

"Steve is a perfectly amiable guy, but he does not have the intellectual gravitas for this important job," said Greg Mankiw, a Harvard economics professor and the former chair of former President George W. Bush's Council of Economic Advisers. He added "Moore should not be confirmed."

Source: NewsMax America

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

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