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Dollar rises as ebbing economic concerns boost bond yields

FILE PHOTO: An employee counts U.S. dollar bills at a money exchange office in central Cairo
FILE PHOTO: An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany.

April 2, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar hit a two-week high against the yen on Tuesday, as ebbing concerns about the global economy pushed U.S. bond yields up from 15-month troughs.

The greenback was steady at 111.37 yen after touching 111.46, its highest since March 20.

U.S. Treasuries were sold and their yields had surged overnight, with the benchmark 10-year rate rising more than 8 basis points, as encouraging manufacturing data out of the United States and China spurred some investors to scale back their holdings of safe-haven bonds.[US/]

The 10-year Treasury yield stood at 2.492 percent, pulling back from a 15-month low of 2.34 percent brushed last week when risk aversion driven by concerns towards a global economic slowdown gripped the financial markets.

“The dollar is benefiting from broader ‘risk on,’ with bonds sold and stocks being bought in light of the strong U.S. ISM data,” said Shin Kadota, senior strategist at Barclays in Tokyo.

The Institute for Supply Management (ISM) said on Monday that its index of national factory activity rose to 55.3 in March from 54.2 in February, which had marked the lowest level since November 2016.

The firm factory activity reading was enough to overshadow an unexpected drop in February U.S. retail sales.

“Seasonal flows also appear to be helping the dollar, with the currency drawing demand from participants kicking off the new quarter,” Kadota at Barclays said.

The euro was down 0.1 percent at $1.1205. The single currency brushed $1.1198, its lowest since March 8, and was headed for its sixth straight day of losses.

The pound continued to move back and forth on Brexit-related developments.

Sterling last traded at $1.3059, down 0.35 percent, after the British parliament on Monday failed to agree on any alternative to Prime Minister Theresa May’s divorce deal from the European Union.

The pound had rallied on Monday on expectations that an agreement would eventually emerge, leading to some sort of a trade agreement between the European Union and Britain.

The Australian dollar, sensitive to shifts in risk sentiment, was a touch lower at $0.7108 after edging up 0.2 percent the previous day.

Immediate focus was on the Reserve Bank of Australia’s monetary policy decision due at 0330 GMT.

The central bank is expected to stand pat on interest rates, but its policy views will be closely watched after the Reserve Bank of New Zealand shocked the markets last week by adopting a dovish policy stance.

(Reporting by Shinichi Saoshiro; Editing by Sam Holmes)

Source: OANN

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War of words: Oppressed English speakers targeted in escalating Cameroonian conflict

The conflict ignited almost three years ago; when minority English speakers in the Ambazonia region of Africa’s Cameroon started to speak out against the onslaught of persecution and discrimination of the dominant French-speaking government.

Only the response from the leadership was fast and furious. The situation has since escalated into a bloody battle of linguistics.

“The English-speaking, independent minority have been marginalized and treated as slaves and second class citizens. This is unbearable,” Pastor Nche Sam Takoh, 45, told Fox News from his home in Ambazonia. “If anyone speaks out against the atrocities and loathing committed by the military, you are targeted and killed, beheaded, and sometimes instantly burned alive.”

Commonly referred to as the Anglophone region, the self-declared Republic of Ambazonia – which is home to most of the country’s 25 percent English speakers have long been deemed the nation’s most poverty-stricken and underprivileged.

“Cameroon is imploding from the inside and the level of uncertainty is extremely dire,” noted David Otto, director of Counter-Terrorism and Organized Crime for the Africa-focused Global Risk International security firm. “There are multiple cases of systematic rape, summary executions, extortion, public decapitation, mutilations, amputations, arson in villages, hospitals, unlawful detention, mass arrest and humiliation tactics from both state and non-state actors.”

MALE RAPE EMERGING AS ONE OF THE MOST UNDER-REPORTED WEAPONS OF WAR

He said that more than 2,000 Cameroonians have been “disappeared” or killed, and many more seriously maimed or wounded by the bloodletting actions perpetrated by both armed separatist groups, government forces and “criminal elements” taking advantage of the crisis.

“There is a scorched earth policy of the military burning down houses, hospitals, schools. Bodies are burned to hide the evidence,” Takoh claimed.

Men arrested in connection with Cameroon's anglophone crisis are seen at the military court in Yaounde, Cameroon, on December 14, 2018. - Nearly 300 people who were arrested in connection with Cameroon's anglophone crisis will be released on Friday, a day after being pardoned by President Paul Biya, the defense minister said.

Men arrested in connection with Cameroon's anglophone crisis are seen at the military court in Yaounde, Cameroon, on December 14, 2018. - Nearly 300 people who were arrested in connection with Cameroon's anglophone crisis will be released on Friday, a day after being pardoned by President Paul Biya, the defense minister said. (AFP/Getty)

Data provided to Fox News from the Armed Conflict Location and Event Data Project (ACLED) underscored that since the start of this year alone, there have been some 46 battles, riots, protests and other violent incidents. 30 separate battles between Anglophone separatists and the French-dominant government, and at least 15 more that have resulted in violence against civilians – resulting in 11 reported fatalities.

According to UN estimates, more than 400 have been killed in the mayhem, and a further 437,000 people have been displaced, the vast majority being women and children. Over 100 schools have been burned to the ground, and entire villages are said to have been erased.

Last month a Cameroonian nonprofit group the Rural Women Center for Education and Development documented that over 300 school-age girls had become pregnant as a result of rape, perpetrated by all sides of the conflict, with many resorting to savage and life-threatening abortion methods.

CAMEROON SEPARATISTS CHOP OFF FINGERS OF PLANTATION WORKERS

Abductions by militias have also become commonplace. Last week, a 20-person university football team was kidnapped during a training session, and after days of apparent torture, were finally released and taken to the hospital. Such crimes are often committed without a group claiming responsibility, and fingers are pointed at the government and at Anglophone separatists.

Much of the frustration of the Anglophone community has been spurred by the protracted, iron-fist governing of Cameroon’s Francophile government, led by 85-year-old President Paul Biya. He has ruled since 1982 but spends the majority of his time in Switzerland.

In response to queries over whether any pressure had been put on government leadership over the alleged atrocities, the Swiss embassy in Washington told Fox News that they encourage “dialogue between the government and humanitarian organizations” and that “as a neutral and multilingual country, Switzerland further tries to support the handling of bilingualism in Cameroon.”

The Cameroon Embassy in Washington did not respond to a request for comment.

And although the slaughter has attracted little international attention since its inception, U.S. officials are starting to raise red flags over the matter.

“We continue to be extremely concerned about the situation there,” Ambassador Michael Kozak said earlier this month following the release of the 2018 Country Reports on Human Rights Practices, which underscored the “ongoing and excessive and arbitrary violence committed by the government and its security forces.”

“Not only do you have terrorist organizations, but then you’ve got the dispute between the Anglophone regions and the central government. We have had many discussions with the Cameroonian authorities about the need to investigate and hold accountable security forces when they commit abuses.”

BRITISH ACTOR WHO JOINED ANTI-ISIS FIGHT SAYS HE'S HAVING TROUBLE GAINING RE-ENTRY TO ENGLAND, U.S.

While not explicitly a conflict that is religious in nature, given that both English and French speakers make up the 53 percent who deem themselves Christian, devoted churchgoers say they have been swept up into the turmoil despite their constant cries for peace on all sides.

The Council of Protestant Churches of Cameroon declared in November that over 50 primary and secondary schools, as well as Christian hospitals, have been impacted. Late last year, the military also took over four churches and turned them into military barracks. A few weeks earlier, some 79 children were abducted by gunmen from a Presbyterian Church school in the region’s capital, Bamenda, and returned – withered and psychologically scarred – days later, while their teacher and principal remained in captivity. The boarding school was forced to shudder after threats of further aggression.

Simon Munzu, a former UN official, who is campaigning for peace in the Anglophone regions of Cameroon, shows a threat message posted against him on social media by separatists during an interview with Reuters in Yaounde, Cameroon.

Simon Munzu, a former UN official, who is campaigning for peace in the Anglophone regions of Cameroon, shows a threat message posted against him on social media by separatists during an interview with Reuters in Yaounde, Cameroon. (Reuters)

At least 100 pastors from the Presbyterian Church in Cameroon, according to the Church's official account, are estimated to have fled their homes as the situation deteriorates.

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“When churches attempt to mediate or assist members of one side of the crisis, they become targets for those on the other side of the conflict,” explained Jeff King, President of International Christian Concern. “And in the midst of violence, Christian institutions have been figuratively caught in the crossfire of conflict.”

Source: Fox News World

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Missing hiker’s body found at Zion National Park, reports say

Zion National Park Rangers on Thursday morning discovered the body of a 35-year-old hiker who had gone missing earlier this week, reports said.

Pradeep Beryl Solomon, of northern Utah, was reported missing Wednesday after he failed to return from a planned hike at Angels Landing a day earlier, FOX13 Salt Lake City reported.

HIKER WHO GOT STUCK IN QUICKSAND AT ZION NATIONAL PARK FOR 10 HOURS SAYS HE THOUGHT HE WAS GOING TO LOSE LEG

Investigators on Thursday evening confirmed the body was Solomon's, the station reported, citing a news release from the park. His injuries were consistent with a long fall.

While the park hadn’t received any recent reports of a man falling, rainfall earlier in the week likely made the trail slick, the Salt Lake Tribune reported, citing the release. The trail can ascend some 1,500 feet above the southern Utah park's red-rock cliffs.

Last year, a 13-year-old girl fell to her death while hiking with her family on the Angels Landing trail. There have been eight fatalities from falling on Angels Landing since the park opened in 1919, according to Zion’s website.

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“Our deepest condolences go out to the Solomon family and friends,” park superintendent Jeff Bradybaugh said in a statement. “We are all deeply saddened by this outcome.”

Source: Fox News National

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Deutsche Bank Australia names new global transaction banking chief

FILE PHOTO: The financial district with the headquarters of Germany's largest business bank, Deutsche Bank , is photographed on early evening in Frankfurt
FILE PHOTO: The financial district with the headquarters of Germany's largest business bank, Deutsche Bank , is photographed on early evening in Frankfurt, Germany, January 29, 2019. REUTERS/Kai Pfaffenbach/File Photo

April 4, 2019

(Reuters) – The Australian arm of Deutsche Bank AG on Thursday named Jennifer Scott-Gray as head of its global transaction banking segment.

Scott-Gray, who will be based in Sydney, is the former global head of trade finance sales at Westpac Institutional Bank, and has worked in treasury and trade services with Citibank.

She will join the German lender in May, and report to the CEO of Deutsche Bank Australia Anthony Miller and Singapore-based David Lynne, who is the chief of fixed income and currencies, APAC.

(Reporting by Aakash Jagadeesh Babu in Bengaluru)

Source: OANN

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Statistics show illegal northern border crossings climbing

New statistics from U.S. Customs and Border Protection show the number of people apprehended along the U.S. border with Canada is continuing to climb.

Statistics show 4,316 people were apprehended along the border last year, up from 3,027 in 2017 and 2,283 in 2016.

Of the 2018 total, 963 people, or about 22 percent, were apprehended after illegally crossing the border from Canada. Others were apprehended by border agents inside the United States without authorities knowing how the individuals entered the country.

The Border Patrol sector that includes much of upstate New York, Vermont and New Hampshire accounted for more than half of the people who entered illegally from Canada.

The northern border numbers are tiny compared to the southern border where just under 400,000 individuals were apprehended last year.

Source: Fox News National

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Ala. Pols Want Editor Who Called for KKK to 'Ride Again' to Resign

Alabama's congressional representatives have called for the publisher and editor of a local newspaper to resign after he wrote the Ku Klux Klan should "ride again."

"Time for the Ku Klux Klan to night ride again," Goodloe Sutton wrote in the small town of Linden, Alabama's newspaper, the Democrat-Reporter, according to the Montgomery Advertiser. "Seems like the Klan would be welcome to raid the gated communities up there."

Sen. Doug Jones, R-Ala., tweeted Monday night: "OMG! What rock did this guy crawl out from under? This editorial is absolutely disgusting & he should resign -NOW! I have seen what happens when we stand by while people-especially those with influence- publish racist, hateful views. Words matter. Actions matter. Resign now!"

"For the millions of people of color who have been terrorized by white supremacy, this kind of 'editorializing;' about lynching is not a joke – it is a threat," Rep. Terri Sewell, D-Ala., tweeted. "These comments are deeply offensive and inappropriate, especially in 2019. Mr Sutton should apologize and resign."

Sutton told the Montgomery Advertiser on Monday: "If we could get the Klan to go up there and clean out D.C., we'd all been better off."

He was then asked how the KKK could "clean" Washington, Sutton said, "We'll get the hemp ropes out, loop them over a tall limb and hang all of them."

Source: NewsMax America

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Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon
Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon, South Korea, April 26, 2019. REUTERS/Kim Hong-Ji

April 26, 2019

SEOUL (Reuters) – K-pop and drama star Park Yu-chun was arrested on Friday on charges of buying and using illegal drugs, a court said, the latest in a series of scandals to hit the South Korean entertainment business.

Suwon District Court approved the arrest warrant for Park, 32, due to concerns over possible destruction of evidence and flight risk, a court spokesman told Reuters.

Park is suspected of having bought about 1.5 grams of methamphetamine with his former girlfriend earlier this year and using the drug around five times, an official at the Gyeonggi Nambu Provincial Police Agency said.

Park has denied wrongdoing, saying he had never taken drugs, and he again denied the charges in court, Yonhap news agency said.

Park’s contract with his management agency had been canceled and he would leave the entertainment industry, Park’s management agency, C-JeS Entertainment, said on Wednesday.

Park was a member of boyband TVXQ between 2003 and 2009 before leaving the group with two other members, forming the group JYJ.

A scandal involving sex tapes, prostitutes and secret chat about rape led at least four other K-pop stars to quit the industry earlier this year.

The cases sparked a nationwide drugs bust and investigations into tax evasion and police collusion at night clubs and other nightlife spots.

(Reporting by Joyce Lee; Additional reporting by Heekyong Yang; Editing by Nick Macfie)

Source: OANN

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FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight taxis after landing at Reagan National Airport in Washington
FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight from Los Angeles taxis after landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States over safety issues in Washington, U.S. March 13, 2019. REUTERS/Joshua Roberts/File Photo

April 26, 2019

(Reuters) – American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing’s 737 MAX planes after cancelling 1,200 flights in the first quarter.

The company said it now expects its 2019 adjusted profit to be between $4.00 per share and $6.00 per share.

Analysts on average had expected 2019 earnings of $5.63 per share, according to Refinitiv data.

The No. 1 U.S. airline by passenger traffic said net income rose to $185 million, or 41 cents per share, in the first quarter ended March 31, from $159 million, or 34 cents per share, a year earlier.

Total operating revenue rose 2 percent to $10.58 billion.

(Reporting by Sanjana Shivdas in Bengaluru)

Source: OANN

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2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa
2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa, U.S., April 16, 2019. REUTERS/Elijah Nouvelage

April 26, 2019

By James Oliphant

MARSHALLTOWN, Iowa (Reuters) – Four years ago, Donald Trump campaigned in small towns like Marshalltown, Iowa, vowing to restore economic prosperity to the U.S. heartland.

In his bid to replace Trump in the White House, Pete Buttigieg is taking a similar tack. The difference, he says, is that he can point to a model of success: South Bend, Indiana, the revitalized city where he has been mayor since 2012.

The Democratic presidential contender has vaulted to the congested field’s top tier in recent weeks, drawing media and donor attention for his youth, history-making status as the first openly gay major presidential candidate and a resume that includes military service in Afghanistan.

But Buttigieg’s main argument for his candidacy is that he is a turnaround artist in the mold of Trump, although the Democrat does not expressly invoke the comparison with the Republican president.

“I’m not going around saying we’ve fixed every problem we’ve got,” Buttigieg, 37, said after a house party with voters in Marshalltown. “But I’m proud of what we have done together, and I think it’s a very powerful story.”

Critics argue improving the fortunes of a Midwestern city of 100,000 people does not qualify Buttigieg, who has never held national office, for the presidency of a country of 330 million. Others say South Bend still has pockets of despair and that minorities, in particular, have failed to benefit from its growth.

Buttigieg has told crowds in Iowa and elsewhere that his experience in reviving a struggling Rust Belt community allows him to make a case to voters that other Democratic candidates cannot. That may give him the means to win back some of the disaffected Democratic voters who turned their backs on Hillary Clinton in 2016 to vote for Trump.

Watching Buttigieg at a union hall in Des Moines last week, Rick Ryan, 45, a member of the United Steelworkers, lamented how many of his fellow union workers voted for Trump. The president turned in the best performance by a Republican among union households since Ronald Reagan in 1984.

Ryan said he hoped someone like Buttigieg could return them to the Democratic fold.

“He’s aware of the decline in the labor force in America, not just in Indiana or Des Moines or anywhere else,” Ryan said. “Jobs are going overseas. We need a find to way to bring that back.”

Randy Tucker, 56, of Pleasant Hill, Iowa, a member of the International Brotherhood of Electrical Workers, said Trump appealed to union members “desperate for somebody to reach out to them, to help them, to listen to their voice.”

Buttigieg could do the same, he said. “In my heart right now, he’s No. 1.”

PAST VS. FUTURE

Buttigieg stresses a key difference in his and Trump’s approaches.

Trump, he tells crowds, is mired in the past, promising to rebuild the 20th century industrial economy. Buttigieg argues the pledge is misleading and unrealistic.

Buttigieg says his focus is on the future, and he often talks about what the country might look like decades from now.

“The only way that we can cultivate what makes America great is to look to the future and not be afraid of it,” Buttigieg said in Marshalltown.

Buttigieg knows his sexual preference may be a barrier to winning some blue-collar voters. But he notes that after he came out as gay in 2015, he won a second term as mayor with 80 percent of the vote in conservative Indiana.

Earlier this month, he announced his presidential bid at the hulking plant in South Bend that stopped making Studebaker autos more than 50 years ago. After lying dormant for decades, the building is being transformed into a high-tech hub after Buttigieg and other city leaders realized it would never again attract a large-scale industrial company.

“That building sat as a powerful reminder. We hoped we would get back that major employer that would fix our economy,” said Jeff Rea, president of the regional Chamber of Commerce.

Buttigieg is praised locally for spurring more than $100 million in downtown investment. During his two terms, unemployment has fallen to 4.1 percent from 11.8 percent.

But a study released in 2017 by the nonprofit group Prosperity Now said not all of the city’s residents had shared in its rebound. The median income for African-Americans remained half that of whites, while the unemployment rate for blacks was double.

Regina Williams-Preston, a city councilor running to replace Buttigieg as mayor, credits him for the revitalized downtown. But she said he had a “blind spot” when it came to focusing on troubled neighborhoods like the one she represents and only grew more engaged after community pressure.

“He understands it now,” she said. “The next step is figuring out how to open the doors of opportunity for everyone.”

‘ONE OF US’

Trump touts the fact that the United States added almost 300,000 manufacturing jobs last year as evidence he made good on his promise to restore the industrial sector. But that growth still left the country with fewer manufacturing jobs than in 2008.

The robust U.S. economy is likely the president’s greatest asset in his re-election bid, particularly in states he carried in 2016 such as Iowa, Wisconsin, Michigan and Pennsylvania. He won Buttigieg’s home state by 19 points over Clinton in 2016.

Sean Bagniewski, chairman of the Democratic Party in Polk County, Iowa, said Buttigieg would be well positioned to compete with Trump in the Midwest.

“People love the fact that he’s a mayor,” said Bagniewski, who has not endorsed a candidate in the nominating contest. “If you can talk about a positive future, and if you actually have experience that can do it, that’s a compelling vision in Iowa.”

Nan Whaley, the mayor of Dayton, Ohio, which faces many of the same challenges as South Bend, agreed.

“He’s one of us,” Whaley said. “That helps.”

(Reporting by James Oliphant; Editing by Colleen Jenkins and Peter Cooney)

Source: OANN

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

Source: OANN

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