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Dollar holds gains as risk appetite recovery arrests yield decline

FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto
FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto, Ontario, Canada June 13, 2018. REUTERS/Chris Helgren

March 27, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar held modest gains on Wednesday as a recovery in investor risk appetite arrested a decline in benchmark U.S. Treasury yields, which fell to 15-month lows this week.

The dollar index versus a basket of six major currencies was steady at 96.765 after edging up nearly 0.2 percent overnight.

The greenback advanced on Tuesday after 10-year Treasury debt yields rebounded due to stock gains on Wall Street.

An inversion of the U.S. yield curve, which has preceded every U.S. recession over the past 50 years, chilled risk sentiment and triggered a sharp stock selloff last week.

Yields for safe-haven bonds also declined, pressuring the dollar.

“Bids for the dollar are returning with Treasury yields off their lows, and also because negative views toward the European economy have done no favors for their currency,” said Shin Kadota, senior strategist at Barclays in Tokyo.

The euro was a shade higher at $1.1274 after shedding 0.4 percent the previous day. The currency has been on shaky ground after Friday’s weaker-than-expected German manufacturing survey raised concerns about Europe’s largest economy.

The dollar slipped 0.15 percent to 110.475 yen, losing some steam after surging 0.6 percent against its Japanese peer on Tuesday.

The pound nudged up 0.1 percent to $1.3215.

Sterling has drawn mild support after two eurosceptic British lawmakers indicated on Tuesday that they might agree to support Prime Minister Theresa May’s EU withdrawal deal rather than risk parliament cancelling Brexit. [GBP/]

The Australian dollar, sensitive to shifts in risk sentiment, stood little changed at $0.7135 after gaining 0.3 percent the previous day.

The 10-year U.S. Treasury note yield was a touch higher at 2.417 percent. The yield had fallen on Monday to 2.377 percent, its lowest since December 2017.

(Reporting by Shinichi Saoshiro; editing by Darren Schuettler)

Source: OANN

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Ex-Clinton Aide: Biden Non-Apology ‘Doesn’t Wash’

Joe Biden's non-apology for what several women have said was a violation of their personal space "doesn't wash," a former senior aide to Hillary Clinton said Thursday.

In remarks on CNN's "Newsroom" with Poppy Harlow and Jim Sciutto, Jess McIntosh, who served as a Clinton campaign communications director and is a CNN commentator, said Biden "has to take responsibility . . . that's what women are waiting to hear him do."

Video of the remarks was posted on Mediaite.

"The excuse that societal norms have changed just doesn't wash," she said. "That sort of paternal behavior toward women in a professional setting has been making women feel uncomfortable for generations. The only societal norm that has changed is that men seem to be taking us seriously when we complain about it now."

"So, the idea that this behavior used to be OK, and now it's not, just really doesn't wash."

McIntosh said early polling on Biden in a 2020 race is just that — early.

"What you're gauging when you gauge those numbers is name [identification]," she said. "Of course, he's way at the top having been Barack Obama's very popular vice president. I worry about all of the attention that we put on candidates who are not yet even in exploratory phase."

McIntosh noted another presidential contender, Sen. Kamala Harris, D-Calif., put out a proposal to have Dreamers work in Congress, and Sen. Elizabeth Warren, D-Mass., put out a proposal to make it easier to jail fraudulent bankers.

"If we spent a day discussing those policy proposals and what they mean for the country, I think we would be engaged in a better, more uplifting Democratic primary rather than spending time on candidates that haven't announced yet."

Source: NewsMax America

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Storm slams western US, raises flood fears for California

A winter storm slamming the western U.S. dumped rain Tuesday in Northern California and raising the threat of floods, while heavy mountain snowfall created a risk of avalanches and whiteout conditions on roads in the Sierra Nevada.

The National Weather Service issued flood warnings and flash flood watches for the San Francisco Bay Area and many parts of the Sacramento area into Thursday morning.

The latest storm will be a "marathon rather than a sprint," the weather service predicted.

Some small creeks and streams had flooded and the weather service warned that two rivers north of the San Francisco Bay Area were likely to overflow their banks by Wednesday morning.

However, while some areas could see 6 inches (15 centimeters) of rain or more over the next two days — and as much as 12 inches (31 centimeters) in some local mountains — the intensity won't be fierce enough to cause devastating mudslides in areas denuded by a string of devastating wildfires, such as Shasta and Lake counties, the weather service said.

Even so, some areas remained on alert. Sonoma County, where some areas were scarred by 2017 wildfires, activated its Emergency Operations Center.

"This is the time to locate your emergency kits and review your evacuation plans with your family," said David Rabbitt, chair of the county Board of Supervisors.

Sonoma County officials issued a flood warning, saying the Russian River near the community of Guerneville is expected to hit flood stage early Wednesday.

In neighboring Napa County, the Napa River in San Helena could also overflow.

In the Sierra Nevada along the California-Nevada line, forecasters warned of possible whiteout conditions from blowing snow in the high passes. The mountains could see up to 8 feet (2.44 meters) of snow at higher elevations and winds gusting to 140 mph (225 kph) over ridgetops.

"Heavy snow and gale force winds will create dangerous avalanche conditions" into Thursday morning for the Lake Tahoe area, the National Weather Service warned.

Several mountain highways, including Interstate 80 at Donner Summit, were repeatedly closed for short periods Monday because of spinouts or avalanche concerns.

The storm already has barreled through other parts of the West, toppling trucks and trees, triggering power outages and closing roads and schools from Oregon to Montana.

Snow forced flight cancellations at the Portland airport, and prompted a blizzard warning for parts of Montana, where Butte public schools canceled classes Tuesday for the first time in at least 20 years.

Buses were getting stuck, and a superintendent told The Montana Standard that the district's snowplows haven't been able to keep up.

A power outage struck several thousand people in the Reno-Sparks area of Nevada.

The storm is the latest in a string that has dumped record levels of snow and rain this winter.

The culprit is an atmospheric river of moisture coming from north of Hawaii. The phenomenon has become frequent enough that scientists in California are introducing a 1-through-5 scale of intensity for atmospheric rivers, similar to those used to gauge hurricanes.

Source: Fox News National

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Investors stage largest two-week retreat from U.S. stocks since July

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) near the close of market in New York
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) near the close of market in New York, U.S., October 31, 2018. REUTERS/Brendan McDermid

April 10, 2019

By David Randall

NEW YORK (Reuters) – Investors pulled nearly net $7.5 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, capping the largest two-week retreat from the domestic stock market since July 2018, according to data released on Wednesday by the Investment Company Institute.

The move away from the U.S. stock market came as the benchmark S&P 500 index finished its strongest first quarter of the year since 1998, according to Refinitiv data. For the year to date, the S&P 500 is up nearly 15.5% thanks to a combination of optimism for a trade breakthrough between the United States and China and the Federal Reserve’s decision to pause its series of interest rate hikes.

Despite that rally, investors have pulled a net of approximately $17.6 billion in assets out of U.S. stock funds over the 13 full weeks of this year, according to ICI data.

World stock funds, meanwhile, lost a net $31 million in assets, continuing a seven-week pullback on the part of investors. For the year to date, world stock funds have garnered approximately $4.2 billion in net inflows.

Bond funds brought in about net $11.3 billion last week, continuing a streak of positive inflows that has lasted over each full week of the year.

The following table shows estimated ICI flows for mutual funds and ETFs (all figures in millions of dollars):

  4/3/19 3/27/19 3/20/19 3/13/19 3/6/19

 

Equity -7,496 -11,085 -2,145 12,310 -3,742

Domestic -7,465 -10,896 1,474 12,827 -2,644

World -31 -190 -3,619 -517 -1,099

Hybrid -3,575 -199 -636 -1,420 -1,267

Bond 11,275 7,884 10,544 11,322 6,050

Taxable 9,783 5,528 8,655 8,807 3,987

Munis 1,492 2,356 1,889 2,515 2,064

Commodity -983 141 393 207 -1,152

Total -778 -3,259 8,155 22,419 -111

(Reporting by David Randall; Editing by Jennifer Ablan and Cynthia Osterman)

Source: OANN

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Report: Court Rules Male-Only Draft Unconstitutional

Now that women are eligible for combat roles in the U.S. military, an all-male Selective Service draft is unconstitutional, according to a Texas federal judge, USA Today reported.

The ruling handed by U.S. District Judge Gray Miller pointed to the Pentagon's 2015 lifting of restrictions on women in the military

Women had not been permitted to register for Selective Service and men who failed to register at their 18th birthday could be denied benefits such as federal employment and student loans.

"The average woman could conceivably be better suited physically for some of today's combat positions than the average man, depending on which skills the position required," Miller wrote in his ruling. "Combat roles no longer uniformly require sheer size or muscle."

The National Coalition For Me brought the case to the court by two men who argued an all-man draft was unfair, according to the report.


"Yes, to some extent this is symbolic, but it does have some real-world impact," Marc Angelucci, the men's lawyer, told USA Today. "Either they need to get rid of the draft registration, or they need to require women to do the same thing that men do."

Source: NewsMax America

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Indian Jets Force Pakistani F-16s to Retreat – Source

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Female student at UC Irvine stabbed while walking dog near campus

A female student at the University of California, Irvine, was stabbed Sunday night as she walked her dog near the school’s student housing facilities, reports said.

A picture from the scene shows the woman being loaded into an ambulance. A UCI police spokesman said that a man approached the woman from behind and stabbed her. He remains at large.  A tweet from the school’s public safety account described the man as having a “large build.”

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Students were advised to shelter in place and a recreation center was shut down shortly after 10 p.m., KTLA reported.

Source: Fox News National

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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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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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