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Rep. Ilhan Omar faces hundreds of protesters outside CAIR fundraiser in California

U.S. Rep. Ilhan Omar faced hundreds of protesters Saturday outside a Southern California fundraising event for the local chapter of a major advocacy group representing Muslim-Americans.

“Burn the Quran!," “Ilhan Omar, go to hell!” and “Shame on you, terrorists!" were among some of the messages shouted outside a Woodland Hills hotel where the Minnesota Democrat spoke at a fundraiser for the Council of American-Islamic Relations (CAIR) of Greater Los Angeles, according to a report. The town is about 25 miles northwest of downtown L.A.

The protesters lined a sidewalk area, where they waved Israeli flags and denounced the freshman congresswoman over recent remarks that some have described as anti-Semitic, the Los Angeles Daily News reported. The atmosphere was a mix of dancing and music mixed with the vitriolic comments against Omar, the report said.

REP. ILHAN OMAR'S 'ANTI-SEMITIC TROPES' PROMPT JEWISH NEW YORK DEM TO APOLOGIZE TO CONSTITUENTS

Omar, a 37-year-old immigrant from Somalia who came to the U.S. with her family in 1995, has faced a storm of criticism from pro-Israel politicians and groups after her February tweet that said “It’s all about the Benjamins baby,” in reference to the support that some U.S. lawmakers have offered to Israel.

FARRAKHAN TELLS 'SWEETHEART' REP. OMAR NOT TO APOLOGIZE FOR ISRAEL COMMENTS

The freshman Democrat drew scorn from Republicans and some in her own party. She later apologized and clarified her criticism of the Israeli government.

“Anti-Semitism is real and I am grateful for Jewish allies and colleagues who are educating me on the painful history of anti-Semitic tropes,” she wrote on Twitter.

“Being opposed to [Israeli Prime Minister Benjamin] Netanyahu and the occupation is not the same as being anti-Semitic," she continued. "I am grateful to the many Jewish allies who have spoken out and said the same."

2020 DEMOCRATIC CANDIDATES CIRCLING WAGONS AROUND ILHAN OMAR AFTER ISRAEL COMMENT UPROAR

A handful of counterprotesters also appeared outside the event to voice support for Omar.

The event at the fourth annual Valley Banquet, titled “Advancing Justice: Empowering Valley Muslims,” was sold out and closed to the public. The Los Angeles Police Department told City News Service that it had an unspecified number of officers working the event.

“We don’t disclose the numbers,” Officer Sal Ramirez told City News Service.

Omar's visit to Southern California is expected to continue Sunday, as she is scheduled to attend a private meet-and-greet in Irvine, according to a flyer for the event.

Her appearance was one of two political events in the region Saturday. In Los Angeles, U.S. Sen. Bernie Sanders of Vermont, a Democratic 2020 presidential candidate, visited a mosque to commemorate the victims of the March 15 mass shooting in New Zealand, the Los Angeles Times reported.

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“Your background is different than mine,” Sanders told about 200 Muslims at the Islamic Center of Southern California. “What a joy it is to share that.”

Later in the day, he spoke to an estimated 12,000 people at a downtown Los Angeles rally.

“As president of the United States, I will not have kind words to say about authoritarian leaders around the world who espouse bigotry and hatred,” Sanders told the crowd. “Together we will make the United States the leader in the world in the fight for democracy and human rights.”

Source: Fox News Politics

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Daughter of ex-Mao secretary boycotts Communist-led memorial

The daughter of a Chinese Communist Party veteran who became a vocal critic of the regime has boycotted her father's funeral.

Li Rui's memorial was held Wednesday morning at the Babaoshan Revolutionary Cemetery. His daughter Li Nanyang says that was against her father's wishes.

She says her father had three clear desires: to not have a memorial, to not be brought to Babaoshan, and to not be draped with the party flag.

Li Rui joined the party more than a decade before the People's Republic was founded in 1949.

Once Mao Zedong's secretary, he later became critical of the party's policies. In recent years, he opposed President Xi Jinping's strongman rule.

He was 101 years old when he died of organ failure in Beijing last Saturday.

Source: Fox News World

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Infowars Revealed the 25th Amendment/Deep State Coup Against Trump – in 2017!

Just as Infowars predicted in early 2017, the Deep State is working with political elements of the FBI, the intelligence community and Democrats to overthrow President Trump.

Over the past two weeks, multiple media outlets and political commentators reported on the McCabe/Rosenstein silent coup, which revolved around the attempted use of the 25th Amendment to oust the president, that Infowars reported was the plan nearly two years ago.

Radio host Rush Limbaugh encapsulated the situation on his show last Thursday:

So this is kind of classic. We have Andrew McCabe and his new book. Now, this guy was one of the ringleaders of this coup to get rid of Donald Trump, and he’s got a new book out, and 60 Minutes is helping him push and promote the book, and he is bragging about this. He is bragging about his efforts to undermine and overthrow Trump. He’s admitting, essentially, that he and his buddies put in motion a silent coup to get rid of Donald Trump. He admits that the talk of wiring Rosenstein to entrap Trump in an Oval Office conversation was real.

None of the ringleaders were elected by the American people, as Limbaugh pointed out on Friday:

I want to go back to McCabe and his book. Here is a guy who is writing a book and profiting — earning money — on his admission, essentially, that he was running a silent coup to overturn a presidential election.

And every one of the people he was working with… McCabe working with Comey and Bruce Ohr and James Baker/Jim Baker in the FBI, and Clapper and Brennan and all the others. Rosenstein. Not one of them has ever been elected to anything. Not one of them has any kind of a mandate from anybody in the American people to do what they were doing, and they were running an effort to undermine a duly elected president. It was a coup, and the media was in on it, and they continue.

The 25th Amendment, ratified after the assassination of John F. Kennedy, provides the procedure for replacing the president in the event of “death, removal, resignation, or incapacitation” – and these ringleaders were hoping to overthrow the president through the “incapacitation” clause, talks of which began in 2017 as part of the Deep State’s “Continuity of Government” (COG) program to remove the president, as Infowars pointed out in early 2017.

As reported at the time, the COG procedures, which were first drafted during the Cold War to ensure the government’s survival during a nuclear war, could be exploited to ensure the Deep State’s survival when it doesn’t control the White House.

Furthermore, in May 2017 Infowars highlighted an article from the New Yorker magazine that reported on how members of Congress – and other creatures of DC – were holding “secret conversation” on removing the president.

The article’s author, Evan Osnos, claimed to have “interviewed several dozen people about the prospects of cutting short Trump’s Presidency,” including “his friends and advisers; to lawmakers and attorneys who have conducted impeachments; to physicians and historians; and to current members of the Senate, the House, and the intelligence services.”

The atmosphere of intrigue is why some analysts were skeptical when Deputy Attorney General Rod Rosenstein claims to have been “joking” about wearing a wire into the Oval Office.

Last week, McCabe said the offer wasn’t a joke and that the idea was actually discussed with the FBI’s general counsel.



Democrats will do anything to remove President Trump from office and have now admitted there was a coup to invoke the 25th Amendment.

Source: InfoWars

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Trump says he does not want government to lead 5G effort

U.S. President Trump speaks about United States 5G deployment at the White House in Washington
U.S. President Donald Trump delivers remarks on United States 5G deployment in the Roosevelt Room of the White House in Washington, U.S., April 12, 2019. REUTERS/Carlos Barria

April 12, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that he does not want government to lead the effort to deploy next-generation 5G wireless networks.

“In the United States our approach is private-sector driven and private-sector led. The government doesn’t have to spend lots of money,” Trump said at a White House event on 5G deployment.

“As you probably heard, we had another alternative of doing it that would be through government investment and leading through the government. We don’t want to do that because it won’t be nearly as good, nearly as fast,” he said.

(Reporting by David Shepardson; Writing by Eric Beech; Editing by Mohammad Zargham)

Source: OANN

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Premier Doug Ford Praises Trump Policies And US: ‘Couldn’t Ask For A Better Neighbor’

David Krayden | Ottawa Bureau Chief

OTTAWA — Ontario Premier Doug Ford praised President Donald Trump’s policies Saturday during an address to the 2019 Manning Networking Conference and said he “couldn’t ask for a better neighbor” than the United States.

Ford, who has been likened to Trump because of his populist politics, told the audience that he doesn’t resent the comparison but would only insist that “I’m Doug Ford,” and Trump “has his hands full” with domestic and foreign policies concerns.

But the premier focused on the positive as he addressed a crowd of 1,500 conservative politicians, activists, businesspeople and opinion leaders.

“Let’s look at the polices. Forget the person. All of a sudden Donald Trump gets elected and he cuts all the regulation, cuts the red tape —  and when you cut the regulations it’s even better than giving a tax cut,  because it gets things moving. He ended up lowering the corporate tax rate from 35 percent down to 21 percent.” (RELATED: 12-T-1: That’s How Many Regulations Trump Reportedly Repealed For Every New One Issued)

FILE PHOTO: President Donald Trump speaks at CPAC in Washington

FILE PHOTO: U.S. President Donald Trump hugs American flag at the Conservative Political Action Conference (CPAC) annual meeting at National Harbor near Washington, U.S., March 2, 2019. REUTERS/Yuri Gripas

Ford said the combination of deregulation and a corporate tax cut has created a “booming” American economy “and in my opinion, when the U.S. is booming, Canada is booming.” He said policies like these create an environment for job creation: “government doesn’t create jobs — when government creates jobs we’re all in trouble:”

Ford noted that if Ontario were a sovereign country, it would be America’s third largest trading partner, producing “$350 billion in two-way trade,” adding, “You couldn’t ask for a better neighbor anywhere in the world than the United States of America.”

If Ford had any criticism of his southern neighbor it was only how so many illegal immigrants are coming across the border.

“No matter where you are in the world, you stand in line. You don’t jump the line, because if you jump the line, all heck breaks loose. That’s what’s happening right now. We have some folks coming over here … they’re landing in LaGuardia [airport] or New York,  they’re hopping on a bus and they’re going to up Lacolle, Quebec and they’re walking across the border,” Ford said. (RELATED: Here’s How Much Canada Is Spending On Illegal Immigrants)

Ontario Premier Doug Ford is interviewed by Calgary broadcaster Danielle Smith at the 2019 Manning Networking Conference, held in Ottawa, Canada, March 23, 2019. Daily Caller photo by Janet Krayden

Ontario Premier Doug Ford (R) is interviewed by Calgary broadcaster Danielle Smith at the 2019 Manning Networking Conference, held in Ottawa, Canada, March 23, 2019. Daily Caller photo by Janet Krayden

“And you know who’s frustrated the most? It’s our base: new Canadians … and the new Canadians are ticked-off and the reason they’re ticked-off is because their brother, mother, sister is in this line waiting to get in … ”

Ford said new Canadians are angry that illegals are queue-jumping and getting free medical care, legal aid and “we’re putting thousands of these people up in hotels.”

Ford also shared his media strategy with an appreciative audience that applauded when he remarked that most media are “far left.”

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Source: The Daily Caller

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Watch Live: The Real Mueller Story Isn’t Russia Probe — It’s Pedogate!

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Source: InfoWars

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Southwest 737 MAX 8 passenger-less flight lands safely after declaring emergency: FAA

FILE PHOTO: A Southwest Airlines Boeing 737 MAX 8 aircraft is pictured in front of United Airlines planes, including Boeing 737 MAX 9 models, at William P. Hobby Airport in Houston
FILE PHOTO: A Southwest Airlines Boeing 737 MAX 8 aircraft is pictured in front of United Airlines planes, including Boeing 737 MAX 9 models, at William P. Hobby Airport in Houston, Texas, U.S., March 18, 2019. REUTERS/Loren Elliott

March 26, 2019

(Reuters) – A Southwest Airlines Co Boeing 737 MAX 8 aircraft without passengers and of the type that was grounded two weeks ago, landed safely on Tuesday after declaring an emergency over an engine-related problem leaving Orlando International Airport in Florida, the U.S. Federal Aviation Administration said.

The plane was headed to Victorville, California for repositioning but returned safely to Orlando at about 2:50 p.m. (1850 GMT).

The FAA grounded the 737 MAX following two fatal crashes since October but has allowed airlines to conduct flights without passengers to move planes to other airports. A Boeing spokesman said it the company was “aware of the incident and supporting our customer.” Southwest did not immediately comment.

(Reporting by David Shepardson; editing by Grant McCool)

Source: OANN

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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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