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JetBlue targets low-fare transatlantic travel with 2021 London launch

FILE PHOTO: The JetBlue Airways logo is seen on a revolving door entering John F. Kennedy Airport in the Queens borough of New York
FILE PHOTO: The JetBlue Airways logo is seen on a revolving door entering John F. Kennedy Airport in the Queens borough of New York U.S., January 24, 2017. REUTERS/Shannon Stapleton

April 10, 2019

By Tracy Rucinski

(Reuters) – JetBlue Airways Corp hopes to break into the low-fare, transatlantic travel market beginning in 2021 with multiple daily flights from New York and Boston to London, its first European destination, the carrier said on Wednesday.

To service the routes, the sixth largest U.S. carrier will convert 13 Airbus A321LR aircraft from its existing order book with a fresh version of its Mint business product.

The idea is to offer customers a fresh choice on routes where JetBlue President Joanna Geraghty said current competitor fares “are enough to make you blush.”

New York-based JetBlue, which unveiled the long-awaited launch at an employee event at John F. Kennedy International Airport, said it is still evaluating which London airports it will serve.

The company, which has built a reputation in the United States for more coach legroom than competitors and free broadband internet, has argued for regulators to force slot divestitures at high-traffic airports like London’s Heathrow to create a level playing field for new entrants.

A handful of Europe-based budget carriers have tried to penetrate the transatlantic market in recent years, but only cash-strapped Norwegian Air is still standing.

Iceland’s WOW, PrimeraAir Nordic, Britain’s Flybmi and Monarch Airlines and Cypriot carrier Cobalt have all ceased operations in a sector grappling with over-capacity and high fuel costs.

JetBlue said it will raise the bar on what travelers can expect from a low-cost carrier, particularly in Europe.

The carrier has argued in the past that its version of business class, Mint, has driven a 50 percent decline in premium fares on some competing U.S. routes, a reduction it believes it can also deliver for premium travel between the United States and Europe.

“JetBlue’s Mint product suits the Atlantic market as they will likely come in with stimulative fares to drive customer awareness and loyalty,” Cowen analyst Helane Becker said in a recent note to clients.

The main issue will be whether JetBlue is able to gain access at major international airports, she said, like London Heathrow and Amsterdam Schiphol.

(Reporting by Tracy Rucinski, editing by G Crosse)

Source: OANN

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Police: Man in gorilla suit breaks in home, hides under bed

Police say a man wearing a gorilla suit broke into a Louisiana home and hid under a mattress before officers arrested him.

News outlets quote Sulphur Police Department spokesman Mel Estes in Thursday reports as saying that officers saw Jeremie Moran walking through yards in the costume. They had received calls about a suspicious person looking into homes.

Estes says Moran ran into a home as officers approached but was discovered hiding. He was jailed on charges including resisting an officer, unauthorized entry, meth possession and wearing a mask.

In Louisiana, a person convicted of wearing a mask in public can be sentenced to three years in prison at most. Exceptions are allowed for religious purposes or on holidays like Halloween and Mardi Gras.

It's unclear if Moran has a lawyer who could comment.

Source: Fox News National

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Watch Live: Bernie Announces 2020 Run Despite Being Ineligible

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Source: InfoWars

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Putin won’t intervene over detained U.S. investor – Kremlin

FILE PHOTO: Founder of the Baring Vostok private equity group Calvey attends a court hearing in Moscow
FILE PHOTO: Founder of the Baring Vostok private equity group Michael Calvey, who was detained on suspicion of fraud, sits inside a defendants' cage as he attends a court hearing in Moscow, Russia February 15, 2019. REUTERS/Tatyana Makeyeva/File Photo

February 26, 2019

By Tom Balmforth and Darya Korsunskaya

MOSCOW (Reuters) – Russia’s President Vladimir Putin will not intervene in the case of a prominent U.S. investor arrested over embezzlement accusations, the Kremlin said on Tuesday, playing down pressure to release him before trial.

The detention of Michael Calvey, a founder of Baring Vostok Capital Partners, has rattled foreign investors in Moscow and is likely to further strain U.S.-Russian ties already under pressure over everything from Syria to espionage claims.

Calvey was held earlier this month along with three other executives from his private equity group after investigators accused them of stealing 2.5 billion roubles ($38.09 million).

Calvey denies that, saying the allegations are intended to pressure him in a business dispute over a Russian bank where he is a board member.

The head of sovereign wealth fund Russian Direct Investment Fund (RDIF), its biggest state bank, and a former finance minister have all called for a softer approach.

And Finance Minister Anton Siluanov, in comments reported by the RBC media portal late on Monday, said businessmen should not be held in jail while under investigation without guilt proven.

House arrest was a more appropriate alternative, he said.

Asked for reaction to Siluanov’s remarks, the Kremlin said Putin believed the Calvey case should be allowed to run its course despite Baring Vostok’s appeal for him to get involved.

“The president cannot interfere in any way in investigative processes,” Putin’s spokesman Dmitry Peskov told reporters.

Every investigation should be viewed on its own merits without drawing wider conclusions about the business climate or such cases in general, he added.

“We can hardly speak about this (alleged heavy-handed treatment) being systemic in this case because the questions are to do with observing the law. These are questions that law enforcement authorities should deal with,” Peskov said.

U.S. DIPLOMAT VISITS CALVEY

Putin has not yet spoken publicly about the Calvey case in detail, but told a closed door meeting of Russian journalists that security services should be given a chance to prove their case, according to someone at the meeting.

One source close to the Kremlin, who declined to be named because of the matter’s sensitivity, suggested the government was less of a bystander, however, and was trying to work towards having Calvey moved to house arrest.

Calvey, who began working in Russia in 1994 and is well-known in financial circles, is due to appeal his detention later this week.

Baring Vostok has invested in successful Russian brands such as the Yandex search engine. According to its web site, it has over $3.7 billion of committed capital with an investor base of pension funds, university endowments, sovereign wealth funds, and other funds from North America, Western Europe, Asia and the Middle East.

The U.S. Embassy in Moscow said on Tuesday that one of its diplomats had finally been allowed to see Calvey in custody 12 days after his detention to offer him support. It had previously complained multiple requests to see him had not been satisfied.

($1 = 65.6321 roubles)

(Writing by Tom Balmforth and Andrew Osborn; Editing by Andrew Cawthorne)

Source: OANN

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The Latest: Avenatti could face lengthy prison term

The Latest on new federal charges against attorney Michael Avenatti (all times local):

10:10 a.m.

Attorney Michael Avenatti could face a sentence of 335 years in prison if convicted of charges in a 36-count federal indictment.

But even if he is convicted of all counts, it would be unlikely for Avenatti to receive such a lengthy prison term

The indictment announced Thursday in Los Angeles alleges Avenattti stole millions of dollars from clients, didn't pay taxes, committed bank fraud and lied during bankruptcy proceedings.

U.S. Attorney Nick Hanna says the four areas of alleged criminal conduct are all linked to each other because money generated from one set of alleged crimes appears in other sets of alleged crimes.

Officials say a private jet co-owned by Avenatti was seized Wednesday as part of the ongoing investigation.

Avenatti has tweeted denials of all the allegations and says he will plead not guilty.

___

7:45 a.m.

The indictment filed against attorney Michael Avenatti alleges he stole millions of dollars from clients, did not pay his taxes, committed bank fraud and lied in bankruptcy proceedings.

Avenatti was indicted late Wednesday on the charges following his arrest in New York last month for allegedly trying to shake down Nike for up to $25 million.

The attorney best known for representing porn actress Stormy Daniels in lawsuits against President Donald Trump said Thursday he will plead not guilty.

The new charges say he embezzled from a paraplegic man and four other clients and shuffled money between several accounts to deceive them.

The charges also say Avenatti pocketed payroll taxes from employees of the Tully's coffee chain that he owned.

___

7:30 a.m.

Attorney Michael Avenatti says he will plead not guilty to a 36-count federal indictment filed against him in Southern California.

Avenatti tweeted Thursday that he intends to fight all of the charges and says he looks forward to the truth being known, as opposed to what he characterizes as a "one-sided version."

A statement from prosecutors to news outlets says details of the case will be released Thursday morning by U.S. Attorney Nick Hanna and the Internal Revenue Service in Los Angeles.

The new charges follow Avenatti's arrest in New York last month for allegedly trying to shake down Nike for up to $25 million and on two counts of wire and bank fraud from Southern California, where his firm is based.

___

7:05 a.m.

Federal prosecutors say attorney Michael Avenatti has been charged in a 36-count federal indictment in Southern California.

A statement from prosecutors to news outlets says details of the case will be released Thursday morning by U.S. Attorney Nick Hanna and the Internal Revenue Service.

The new charges follow Avenatti's arrest in New York last month for allegedly trying to shake down Nike for up to $25 million and on two counts of wire and bank fraud from Southern California, where his firm is based.

The attorney is best known for representing porn actress Stormy Daniels in lawsuits against President Donald Trump. Avenatti has said he expects to be cleared.

Source: Fox News National

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Brazil ex-President Temer indicted on charges involving nuclear plant bribes

FILE PHOTO: Brazil's former President Michel Temer arrives at his home in Sao Paulo
FILE PHOTO: Brazil's former President Michel Temer arrives at his home in Sao Paulo, Brazil March 25, 2019. REUTERS/Amanda Perobelli/File Photo

April 2, 2019

By Rodrigo Viga Gaier

RIO DE JANEIRO (Reuters) – Former Brazilian President Michel Temer was indicted on Tuesday on corruption charges brought by prosecutors who said he took part in a bribery scheme related to the Angra 3 nuclear power plant complex on the coast near Rio de Janeiro.

The case is part of Operation Car Wash, Brazil’s largest corruption investigation, which has put dozens of businessmen and politicians in jail since 2014.

Federal Judge Marcelo Bretas accepted charges of corruption and money laundering against Temer, his former energy minister, Wellington Moreira Franco, and six other close aides.

Temer, who left the presidency just three months ago, was arrested with the others on March 21 and released four days later. They all deny any wrongdoing.

Prosecutors said the graft at Angra was one action of a “criminal organization” that Temer had run during his four decades in public life, which they alleged received or arranged upward of 1.8 billion reais ($462.5 million) in bribes.

The investigation into kickbacks on the nuclear plant’s construction contract involves the Brazilian subsidiary of Swedish consulting firm AF Poyry, along with Brazilian engineering firms Engevix and Argeplan.

The Swedish company declined to comment on an ongoing investigation. Engevix and Argeplan did not reply to requests for comment.

Temer, 78, faces charges in another corruption investigation in which prosecutors accuse him of using a middleman to procure a suitcase full of cash from JBS SA, the controlling shareholders of the world’s largest meatpacker.

In 2017, his aide Rodrigo da Rocha Loures was caught on video by security cameras running out of a Sao Paulo restaurant carrying a bag with 500,000 reais ($128,165) in cash that prosecutors said was a bribe from the owners of JBS.

Temer denies the allegation. Rocha Loures, who has also denied the charges, is awaiting trial.

(Reporting by Rodrigo Viga Gaier; Additional reporting by Eduardo Simoes; Writing by Anthony Boadle; Editing by Peter Cooney)

Source: OANN

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Corporate jetmakers court Chinese elite for sales despite slowing economy

FILE PHOTO: Bombardier's Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Montreal
FILE PHOTO: Bombardier's Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Montreal, Quebec, Canada, December 19, 2018. REUTERS/Christinne Muschi/File Photo

April 14, 2019

By Allison Lampert, Jamie Freed and Brenda Goh

MONTREAL/SINGAPORE/SHANGHAI (Reuters) – Gulfstream Aerospace and Bombardier are trotting out their longest-range business jets at an Asian air show this week, as they compete for orders from China’s growing elite, despite the country’s slowing economy.

The Asian Business Aviation Conference & Exhibition, (ABACE) opens Tuesday in Shanghai under a cloud of economic uncertainty, amid slowing Chinese growth, the U.S.-China trade dispute, and Beijing’s crackdown on debt risks that has led funding to dry up in certain industries, brokers said.

“The biggest factor that impacted the business jet market was pessimism and uncertainty which stalled purchase intentions or forced those marginal owners to reconsider keeping their business jets,” said Jeffrey Lowe, managing director of Hong Kong-based Asian Sky Group.

Still, Canada’s Bombardier sees its new $73 million Global 7500 business jet making inroads in Greater China against market leader Gulfstream’s $65 million-plus G650 family.

The plane and train maker said on Sunday it secured firm orders for four Global 7500 planes that were converted from options taken by Hong Kong-based business jet management company HK Bellawings in 2018.

Greater China’s number of billionaires has been growing yearly by 10 percent over the past three years, and the Global 7500’s long range will help to “seize market share and to withstand any economic uncertainty in the region,” said Bombardier Business Aircraft President David Coleal by email.

Both Gulfstream’s 650ER and the Global 7500 connect far-flung cities like New York and Tokyo, an allure for elite Asian buyers who want to fly non-stop to Western hubs.

“You don’t need a G7500 to fly three or four hours. But when you do need (longer) range you can use this jet,” said Thomas Flohr, founder and chairman of Vista Global and a Global 7500 customer.

Gulfstream, a division of General Dynamics, which brought its large-cabin G500 jet into service last year, delivered 68 new corporate aircraft between 2015 and 2018 in the region, more than double the 32 planes delivered by its Canadian competitor, according to Asian Sky.

Gulfstream President Mark Burns said by email the U.S. company is seeing more optimism in the region and is “starting to see more activity as trade talks appear to be progressing and becoming more specific.”

The Asia Pacific region, nevertheless, accounted for only about 8 percent of the 3,478 business jets delivered globally over the last five years, compared with 2,122 jets delivered to North America, according to Cirium Fleets Analyzer data.

And the number of Chinese-owned second-hand business jets sold outside the country rose to 20 in 2018, compared with an annual average of 10 from 2014 to 2017, according to the Cirium data.

Jackie Wu, president of JetSolution Aviation Group, said weaker business jet sales have prompted her Hong Kong company to launch its first charter service using the supermidsized Embraer Legacy 600.

“We are an industry that very much reflects the health of an economy, or the world economy,” said Jetcraft Asia president David Dixon, adding he nevertheless sees greater demand from smaller Asian countries like Indonesia and Malaysia.

(Reporting By Allison Lampert in Montreal, Brenda Goh in Shanghai and Jamie Freed in Singapore; Additional reporting by Stella Qiu in Beijing; Editing by Chris Reese)

Source: OANN

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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)

Source: OANN

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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)

Source: OANN

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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)

Source: OANN

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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)

Source: OANN

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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)

Source: OANN

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Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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