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FILE PHOTO: A process operator holds a handful of dried distillers grains, a protein animal feed that can be fed to livestock, at the GreenField Ethanol plant in Chatham, Ontario, Canada April 10, 2008. REUTERS/Mark Blinch
April 15, 2019
By Hallie Gu and Tom Daly
BEIJING (Reuters) – China’s Ministry of Commerce confirmed it is starting a review on Monday of its anti-dumping tariffs on imports of distillers grains (DDGS) from the United States and said the investigation should be completed in a year.
The review comes amid trade talks between Beijing and Washington aimed at ending a months-long tit-for-tat tariff row that has roiled global markets. Beijing has pledged during these talks to increase its imports of U.S. farm goods.
The commerce ministry “will review whether it is necessary to continue to impose anti-dumping and anti-subsidy measures on imported DDGS from the United States,” according to a statement posted it website.
Reuters reported last week that the ministry was set to review the tariffs on U.S. DDGS, citing a document issued by the China Alcoholic Drinks Association.
DDGS are a byproduct of ethanol production and have become a key part of profits for makers of the biofuel. China’s tariffs on U.S. DDGS were first implemented in 2016 at a rate of 33.8 percent, and its imports of the feed ingredient fell sharply.
From January 2017, the anti-dumping duties were raised to between 42.2 percent and 53.7 percent, while anti-subsidy tariffs have ranged from 11.2 percent to 12 percent.
China bought 3 million tonnes of DDGS in 2016, mainly from the United States and worth $684 million, according to Chinese customs data. Imports that year were down 55 percent from 2015.
“It is likely that the tariffs will be removed but it really depends on the trade talks,” said a trader with an international trading house.
“It is still too risky to make any moves at this moment as tariffs are too high,” the trader said.
The trader declined to be named as he was not authorized to speak to the media.
The commerce ministry said in its statement that any interested party can submit suggestions and evidence to the review within 20 days.
(Reporting by Hallie Gu and Tom Daly; Editing by Christian Schmollinger and Tom Hogue)
Source: OANN

FILE PHOTO: The Iron Throne is seen on the set of the television series Game of Thrones in the Titanic Quarter of Belfast, Northern Ireland, REUTERS/Phil Noble/File Photo
April 15, 2019
(Reuters) – Some HBO GO users were facing issues with the streaming service late on Sunday, according to outages monitoring website Downdetector.com, as the first episode of the much-anticipated final season of Game of Thrones was scheduled to air.
The website showed some users in the United States, Mexico and other parts of Latin America were experiencing issues.
“If you’re having difficulty accessing #HBOGO in Latin America, please connect to live chat at http://help.hbogola.com,” HBO GO posted on Twitter https://twitter.com/HBOGOhelp/status/1117585945514127360.
(Reporting by Ismail Shakil in Bengaluru; Editing by Daniel Wallis)
Source: OANN

FILE PHOTO: Property sale signs are seen outside of a group of newly built houses in west London, Britain, November 23, 2017. REUTERS/Toby Melville/File Photo
April 14, 2019
LONDON (Reuters) – Asking prices for British homes rose by the most in over a year in the four weeks to April 6, a survey showed, adding to other tentative signs that the housing market may have passed the worst of its slowdown ahead of Brexit.
The 1.1 percent monthly rise in asking prices was a bigger increase than usual at the start of the spring season and reduced the fall in prices in annual terms to 0.1 percent, property website Rightmove said.
Britain’s housing market has stumbled since the 2016 Brexit referendum with most measures of prices showing only minimal growth in recent months. But some data has suggested that the slowdown stabilized in early 2019.
Rightmove director Miles Shipside said last week’s delay of Britain’s exit from the European Union could spur hesitant home movers into action.
“We are not anticipating an activity surge, but maybe a wave of relief that releases some pent-up demand to take advantage of static property prices and cheap fixed-rate mortgages,” he said, noting visits to Rightmove’s website hit a record high in March.
Rightmove’s data is based on property advertisements on its website, which it says accounts for 90 percent of residential property on sale in the United Kingdom.
(Reporting by William Schomberg, editing by Andy Bruce)
Source: OANN
Freshman lawmakers pushing socialist agendas are directing the Democratic Party even further left than the progressives, Rep. Liz Cheney, R-Wyo., laments.
“You see an embrace of socialism,” Rep. Cheney, the No. 3 Republican in the House, told “The Cats Roundtable,” according to The Hill. “You see an embrace of policies that would fundamentally steal power from the American people and give it to the government. They would essentially make us slaves to socialism.
“Those voices right now are driving the agenda of the Democratic Party.”
Rep. Cheney pointed to Rep. Alexandria Ocasio-Cortez, D-N.Y., pushing her Green New Deal, Rep. Ilhan Omar’s, D-Minn., Muslim rebuke of Israel, Rep. Rashida Tlaib’s, D-Mich., “impeach the motherf–er” call to oust the U.S. president.
“Right now they’re letting the most radical voices, including Congresswoman Ocasio-Cortez and Ilhan Omar and Tlaib, they’re letting them to set the agenda and they’re following them,” Rep. Cheney told host John Catsimatidis. “And I think that’s very dangerous for the nation. I hope that that will stop, but unfortunately I don’t see any signs that it will.”
House Speaker Nancy Pelosi, D-Calif., also often speaking out against President Donald Trump, has been slow to tamp down the youthful exuberance of the freshmen lawmakers, suggesting a lack of “control” over her party in the chamber, according to Cheney.
“So far we have not seen that Speaker Pelosi will exercise any kind of control, or that she knows how to exercise control over these socialists,” Cheney said, per The Hill. “They ought to strip Ilhan Omar of her membership on the House Foreign Affairs Committee.
“. . . We can never get to the point where . . . the Democrats allowing [Rep. Omar] to stay on the Foreign Affairs Committee after her anti-Semitic comments. Now they’re apparently letting her stay on that committee after her disgraceful comments about 9/11.”
The latest controversy swirls around Rep. Omar’s statement about the 9/11 radical Islamic terrorist attacks as being merely “some people did something” and Muslims are unfairly connected to the event, according to The Hill.
“CAIR was founded after 9/11 because they recognized that some people did something and that all of us were starting to lose access to our civil liberties,” Rep. Omar infamously but claimed said last week. CAIR says on its website it was founded in 1994.
Source: NewsMax Politics

FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of the Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
April 14, 2019
(Reuters) – Facebook Inc’s social networking site is inaccessible to some users across the world on Sunday, according to Downdetector.com, a website which monitors outages.
The outage tracking website showed that there are more than 9000 incidents of people reporting issues with Facebook.
Downdetector.com’s live outage map showed that the issues mainly cropped up in Europe.
Separately, Downdetector.com also showed that there were issues with WhatsApp and Instagram, but with relatively lower count of outage reports.
Facebook had experienced one of its longest outages in March, when some users around the globe faced trouble accessing Facebook, Instagram and WhatsApp for over 24 hours.
(Reporting by Akshay Balan in Bengaluru)
Source: OANN

A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid
April 14, 2019
By Ann Saphir and Trevor Hunnicutt
SAN FRANCISCO/WASHINGTON (Reuters) – As President Donald Trump keeps up his attacks on the Federal Reserve’s policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed’s communication since its shift in January to a “patient” approach on rate hikes.
The Federal Reserve Bank of New York surveys the main Wall Street securities companies it trades with and asks them how they would grade the Fed’s communication with markets and the public since the last survey. The central bank asked for scores on a scale of one, for “ineffective,” to five, for “effective.”
Roughly two-thirds of the Wall Street companies, known as primary dealers, gave the Fed a score of four or five (more effective) in the latest survey published on Thursday, while 22 percent gave the Fed a score of one or two (less effective). The others were neutral.
The 3.4 composite of those scores is below Chairman Jerome Powell’s 3.6 average grade during his term but above the 3.2 average achieved by each of his two most recent predecessors, Janet Yellen and Ben Bernanke, a Reuters analysis of all surveys available on the New York Fed’s website shows. (For a graphic, see https://tmsnrt.rs/2XawZ6T).
A separate New York Fed survey of market participants that includes large investors showed that 57 percent gave the top two effectiveness scores while a quarter gave the lowest two scores. Both surveys were conducted March 6 to 11.
The grades are important because they help the Fed gauge how well its message is getting through to financial markets. The Fed relies on its credibility with investors to influence the economy.
After raising rates four times in 2018, a majority of Fed policymakers at their latest meeting in March expected that they would leave rates in their current 2.25-2.50% range for the rest of the year due to uncertainty about how much the global economy is slowing.
A well-honed message that rates are likely to stay on hold for a while can help ease financial conditions when central banks think those conditions overly tight. But if markets find the Fed’s message confusing or not credible, they may surge or slump in ways that undermines the Fed’s impact. That was the case late last year, when markets swung sharply in response to statements by Powell widely regarded by investors as communication missteps.
President Trump, meanwhile, has publicly slammed the central bank’s prior rate hikes for thwarting economic growth and he also pressed policymakers to change course.
Lewis Alexander, the chief economist at Nomura Securities, said the Fed moved policy “quite a lot” from December to March and that calibrating their language so everyone could understand it was not going to be easy.
“Powell’s stated intention to use plain language I very much endorse; there’s nothing in this world that can’t be explained thoroughly but simply,” he said.
The Fed is increasingly keen on its ability to communicate. Powell has instructed a small group of policymakers to come up with ways to improve it, minutes of the Fed’s March meeting published on Wednesday showed. This reflects concern that markets may take Fed forecasts on rates and the economy as promises rather than best-guess projections.
The emphasis on communications is also evident in Powell’s decision this year to hold news conferences after every Fed meeting, double the previous frequency. Even the New York Fed’s inclusion of the question on communications effectiveness in the March survey may reflect increased interest, given that historically it has posed that question only once a quarter.
Grades generally go up when the Fed does as expected and fall when it surprises, the Reuters analysis of grades over the last nine years show. The New York Fed did not make its pre-2011 surveys available.
Powell and other Fed policymakers have tried to dispel any perception that it could derail the economy by being too aggressive. Stocks leapt higher after Powell signaled he would be open to taking a go-slow approach on rate hikes.
In October 2015, when the Yellen Fed was navigating the difficult transition from years of super-low interest rates to a cycle of rate hikes, she got the worst grade of her tenure – an average 2.27 out of 5.
The Bernanke Fed did worse, getting a grade of 2.1 in late 2013, when they did not begin to taper the Fed’s bond purchases in September as markets had expected. His grades later recovered as the Fed limited its controversial quantitative easing program.
(Reporting by Ann Saphir in San Francisco and Trevor Hunnicutt in Washington; Editing by Chizu Nomiyama)
Source: OANN






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