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Ex-Nissan chief Ghosn seeks permission to attend board meeting on Tuesday: Yomiuri

FILE PHOTO : Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer's office after being released on bail from Tokyo Detention House, in Tokyo
FILE PHOTO : Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer's office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019. REUTERS/Issei Kato/File Photo

March 10, 2019

TOKYO (Reuters) – Ousted Nissan boss Carlos Ghosn is seeking permission from the Tokyo District Court to attend the company’s board meeting on Tuesday, Yomiuri newspaper reported on Monday.

The Tokyo District Court is expected to decide whether it will give permission as soon as Monday, the report said.

Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to set up a joint board meeting structure to discuss issues related to their alliance in a step toward integration of operations, TV Tokyo reported on Sunday.

(Reporting by Kaori Kaneko; Editing by Sam Holmes)

Source: OANN

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Egypt’s central bank seen maintaining key rates: Reuters poll

Stacks of money are pictured as an employee counts them at a bank in Cairo
Stacks of money are pictured as an employee counts them at a bank in Cairo September 4, 2014. REUTERS/Asmaa Waguih

March 25, 2019

By Yousef Saba

CAIRO (Reuters) – Egypt’s central bank is likely to maintain interest rates at its meeting on Thursday, a Reuters poll showed on Monday, although some analysts predicted a cut ahead of expected fuel price increases this summer.

Eight out of 12 economists polled by Reuters said the bank’s monetary policy committee was unlikely to change its overnight rates, with deposits at 15.75 percent and lending at 16.75 percent.

Four analysts predicted that the Central Bank of Egypt (CBE) would cut rates by 100 basis points (bps), following a cut of the same size last month, which was the first since March 2017.

“We anticipate that the CBE will keep interest rates on hold this month due to the recent uptick in price inflation,” said Nadene Johnson, an economist at NKC African Economics.

“But considering the need for private sector stimulus, the CBE is expected to reduce rates by 100 bps before year end.”

Headline inflation quickened in February to 14.4 percent from 12.7 percent in January. It had cooled to 12.0 in December from 15.7 percent the month prior. The bank’s target range is 10 to 16 percent.

Core inflation, which strips out volatile items such as food, also rose in February to 9.2 percent from 8.6 percent the previous month.

“The CBE I believe would need to capitalize on the cut that took place last month with another 1 percent cut this month,” said Hany Farahat, senior economist at Egyptian investment bank CI Capital.

The Egyptian pound’s continued appreciation, sustained foreign inflows in treasuries and the U.S. Federal Reserve holding rates all position Thursday’s meeting as a “golden window” for a further cut, he added.

Furthermore, an expected fuel subsidy cut in the summer, tied to an agreement with the International Monetary Fund, would naturally prevent the central bank from cutting rates in Q3, he said.

“And the meeting in Q2 is in May, which is very close to the subsidy cut decision,” said Farahat. “I would think right now is optimal.”

Egypt raised fuel and electricity prices last summer, reforms linked to a $12 billion IMF loan program agreed in late 2016. Those measures included a currency float, fuel and energy subsidy cuts and the introduction of a value-added tax.

Remaining fuel subsidies are expected to be cut around mid-2019, and the petroleum minister said last month that Egypt would implement an automatic price indexation mechanism on 95 octane petrol starting in April.

To curtail inflation, the central bank’s monetary policy committee raised interest rates by 700 basis points over eight months following the IMF deal. It cut them by 100 bps last month. Prior to that, it had cut them in February and March last year by a combined 200 bps.

“We are looking for no move by the CBE, but we are very uncertain,” said Charles Robertson, chief economist at Renaissance Capital.

“A 100 bps cut may be the only way to stop EGP appreciation, but a cut might backfire if investors lose confidence in the authorities’ determination to cut inflation in 2020.”

The pound has strengthened more than 3 percent against the dollar in the year to date.

(Reporting by Yousef Saba; Editing by Alison Williams)

Source: OANN

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Aid group: Cameroon’s restive regions need more help

The head of the Norwegian Refugee Council says the humanitarian situation has become dire in parts of Cameroon amid a two-year conflict between separatists and government forces.

Jan Egeland, secretary general of the organization, said Thursday that tens of thousands in Cameroon's English-speaking areas are living in the bush — too afraid to return home or to seek refuge in major towns.

Separatists who complain that Cameroon's English-speaking regions are marginalized by the government have been waging an insurgency since 2017.

President Paul Biya, who has been in power since 1982, has branded the separatists as terrorists.

Egeland said many of the people he spoke with this week had fled after their villages were attacked at night. Often people didn't know whether the violence was caused by military or rebels.

Source: Fox News World

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Aid group says 31 died fleeing after IS defeat in Syria

An international aid group says 31 deaths were recorded in the final week of March among people making their way out of the last sliver of territory held by the Islamic State group and toward a camp for the displaced.

The International Rescue Committee says Monday the highest weekly death rate reflects the desperate conditions of the mostly women and children who left the village of Baghouz for al-Hol camp. The U.S-backed Syrian Democratic Forces announced the final defeat of IS on March 23.

The IRC says a total of 217 people died while evacuating Baghouz in the final weeks of the battle. Most were toddlers suffering from malnutrition. The camp holds 70,000 people.

The IRC figures could not be independently confirmed.

Source: Fox News World

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Sneak Peak: Joe Rogan Defines The Leftist Mindset

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Japan’s machinery orders slump as trade friction bite

FILE PHOTO: Heavy machineries are seen next to a subway train at a construction site in Tokyo
FILE PHOTO: Heavy machineries are seen next to a subway train at a construction site in Tokyo, Japan, March 13, 2016. REUTERS/Yuya Shino

February 18, 2019

By Stanley White

TOKYO (Reuters) – Overseas orders for Japanese machinery posted their biggest decline in more than a decade in December and manufacturers expect orders to fall further this quarter as trade friction weigh on global demand.

Data released on Monday showed core machinery orders, considered a leading indicator of capital expenditure, fell 0.1 percent month-on-month in December. This was the first decline in three months but was smaller than the median estimate for a 1.1 percent decrease.

Highlighting bigger concerns about the external environment, however, was a 21.9 percent month-on-month tumble in machinery orders from overseas, the biggest fall since November 2007.

A cabinet official said the slump was partly due to the base effect of large overseas orders seen over the past two months, however, forecasts show manufacturers expect overseas orders to fall 17.1 percent in the current quarter.

“Capital expenditure won’t be that strong, and this will hamper Japan’s overall growth,” said Shuji Tonouchi, senior market economist at Mitsubishi UFJ Morgan Stanley Securities.

“We see the impact of trade friction. There’s a lot of uncertainty and manufactures are becoming more cautions.”

Manufacturers surveyed by the Cabinet Office forecast core orders will fall 1.8 percent in January-March after decreasing 4.2 percent in October-December. The Cabinet Office cut its assessment of orders to say they are stalling.

Global trade has already slowed as the United States and China exchanged tit-for-tat tariffs in a heated dispute over trade. The proposed introduction of further tariffs, if a resolution between Washington and Beijing is not found, would hurt Japan’s export-focused economy.

Orders from manufacturers fell 8.5 percent month-on-month in December after a 6.4 percent decline in November, due to lower orders from makers of manufacturing equipment and electronics.

Service-sector orders rose 6.8 percent, faster than a 2.5 percent increase the previous month due to a pick-up in orders from the telecommunications sector. Despite this acceleration, economists are likely to remain more concerned about the manufacturing sector and global demand.

“Core” machinery orders exclude those for ships and from electricity utilities.

Japan’s gross domestic product returned to expansion in the fourth quarter after a series of natural disasters caused a contraction in the previous quarter, but economists have warned that they are not optimistic about the outlook this year.

The trade war between the United States and China, the world’s two largest economies, is a major risk for Japan’s auto, electronics, and heavy machinery sectors, which export goods to China where they are used to make finished products destined for the United States and other markets.

Another risk is the Japanese government’s plan to raise the nationwide sales tax to 10 percent from 8 percent in October.

The government needs the extra tax revenue to pay for rising welfare costs, but some policymakers and economists worry the tax hike could hit consumer spending and weaken sentiment.

Japan’s policymakers have long argued that an increase in business investment will contribute to economic growth as companies replace old manufacturing equipment and invest in new technology.

However, the chance of a growth spurt this year driven by corporate investment has dimmed considerably, economists say.

(Reporting by Stanley White; Editing by Sam Holmes)

Source: OANN

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California man catches alleged gun, valuables theft on security video

A California man who claimed two men allegedly robbed "priceless items" from his home seemingly caught it all on surveillance footage.

MISSOURI MEN ALLEGEDLY TRIED STEALING AL CAPONE STATUE

Kevin Valone, who lives in Elk Grove, said that he left his house around 9 a.m. on Tuesday, and when he returned an hour later, he said his front door was unlocked.

"I thought that was kind of strange and I walked back here to the bedroom," Valone told Fox affiliate KTXL. "As I walked in I noticed a huge hole in my sliding glass window right here and glass all over the floor."

Valone said he checked his security camera, and noticed a man, wearing a black t-shirt and a red True Religion brand sweatshirt, walking up his front sidewalk to his front door just before 10 a.m.

Roughly 10 minutes later, he said his surveillance footage captured two men leaving his home in Elk Grove, a city roughly 16 miles southeast of Sacramento.

Valone said one of the men appeared to be holding a handgun as he exited his house carrying what was reportedly his rifle in a case over his shoulder.

CLICK HERE TO GET THE FOX NEWS APP

A .40-caliber Sig Sauer handgun and an AR-15 were taken from his home, he told the news outlet.

"Violated, definitely, more angry than violated," is how Valone described how he felt following the alleged theft. "I’m more angry than anything else. I'd like to see justice."

Source: Fox News National

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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149.95

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DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

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DNA Force Plus

149.95

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DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

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Source: InfoWars

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It’s the type of crime that doesn’t happen every day.

Police in the suburbs of Philadelphia say three suspects broke into a medical facility in Wynnewood, Pennsylvania, last Saturday and fled with 18 colonoscopies – devices used for examining the health of patients’ colons.

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

AMERICAN SUPERMODEL PAT CLEVELAND ‘STAYING STRONG’ FOLLOWING COLON CANCER DIAGNOSIS

The devices were reportedly worth a total of about $450,000, authorities said.

But police were perplexed about what the suspects might have planned to do with the instruments.

“This is not something that a typical pawn shop might accept,” Lower Merion Police Detective Sergeant Michael Vice told Philadelphia’s WCAU-TV. “My feeling would be that it was some type of black market sales.”

Such a market apparently does exist, Lower Merion Police Superintendent Michael J. McGrath told Philly.com.

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“They appeared to know precisely where to go, and they pried the door open,” McGrath said of the suspects, who were captured on surveillance video leaving the facility, carrying bulging backpacks.

Police are hoping the suspects will be caught in the end.

Source: Fox News National

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

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