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Syria says Trump position on Golan ignores international law

Syria says Trump position on Golan ignores international law The Syrian government on Friday condemned US President Donald Trump's pledge to recognise Israel's annexation of the Golan Heights, saying it flies in the face of international law. The Syrian government denounced his comments, saying they flagrantly disregarded international law.


Deutsche Bank Vows to End Shrinking While Warning of Markets

Deutsche Bank Vows to End Shrinking While Warning of Markets The outlook highlights the pressures on the lender as Chief Executive Officer Christian Sewing explores a merger with Commerzbank AG. Sewing over the past year accelerated a turnaround plan focused on cost cuts, but his failure to reverse a long revenue decline has cast doubts on the strategy that are being reinforced by an increasingly difficult environment. UBS Group AG warned this week that the first quarter was one of the worst in recent history for its investment bank.


Dragonchain partners with humanitarian group M2030 to help fight malaria with blockchain

Dragonchain partners with humanitarian group M2030 to help fight malaria with blockchain Dragonchain has announced its new partnership with humanitarian group M2030 in a bid to fight malaria with blockchain. Dragonchain was originally developed at Disney’s Seattle office in 2015. In 2016, it was part of Disney’s private blockchain platform before its release as open source software under the Apache 2 license in October 2016. M2030 is a Singapore-based humanitarian group created by Asia Pacific Leaders Malaria Alliance (APLMA). M2030’s corporate partners can use the company’s brand for awareness-raising campaigns. In return, M2030 pledges funds to fight malaria in numerous countries. Its aim is to eliminate malaria in Asia by 2030. Dragonchain announced the new partnership in a Medium post. As M2030’s technology partner, Dragonchain will be providing blockchain-based services and the capabilities of the The post Dragonchain partners with humanitarian group M2030 to help fight malaria with blockchain appeared first on Coin Rivet.


Hyundai's Hopey Changey Years Look Far Away Now

Hyundai's Hopey Changey Years Look Far Away Now One of South Korea’s largest conglomerates, the Hyundai Group, has swatted away a large investor, Paul Singer’s Elliott Management Corp. Shareholders voted down proposals for change at Hyundai Motor Co. and Hyundai Mobis Co. at much-awaited annual general meetings on Friday.


Syria slams Trump, vows to recover Israeli-occupied Golan

Syria slams Trump, vows to recover Israeli-occupied Golan Damascus condemned on Friday U.S. President Donald Trump's statement that it was time to recognise Israeli sovereignty over the Golan Heights, vowing Syria would recover the area using "all available means". Syria's allies Russia and Iran also upbraided Trump for the comment he made on Thursday, which marks a dramatic shift in U.S. policy over the status of a disputed area that was captured by Israel in the 1967 Middle East war and annexed in 1981 - a move not recognized internationally. Syrian state news agency cited a foreign ministry source on Friday as saying Trump's statement showed "the blind bias of the United States" towards Israel.


EU Gives May Another Two Weeks to Avoid a No-Deal Brexit

EU Gives May Another Two Weeks to Avoid a No-Deal Brexit At a summit in Brussels on Thursday, the leaders told May that if U.K. lawmakers don’t endorse her Brexit deal next week, she’ll have until April 12 to decide whether to leave without an agreement or request a much longer extension. The decision removes the immediate possibility of a no-deal Brexit in seven days’ time. "The cliff edge will be delayed," EU President Donald Tusk said after May accepted the proposal.


China's leader visits Italy with eye on infrastructure deal

China's leader visits Italy with eye on infrastructure deal MILAN (AP) — Chinese President Xi Jinping is launching a two-day official visit aimed at deepening economic and cultural ties with Italy through an ambitious infrastructure building program that has raised suspicions among Italy's U.S. and European allies.


The Latest: Mass funeral held to bury 26 slain in N. Zealand

The Latest: Mass funeral held to bury 26 slain in N. Zealand CHRISTCHURCH, New Zealand (AP) — The Latest on the mosque attacks in New Zealand (all times local):


Oil Set for Third Weekly Gain on Signs of Receding Global Supply

Oil Set for Third Weekly Gain on Signs of Receding Global Supply OPEC and its allies earlier this week reaffirmed an intent to continue their supply cuts until at least June, when they’ll meet to discuss prolonging the efforts to avoid a global glut. While disruptions in Venezuela and Iran have also squeezed supplies, uncertainty surrounding ongoing trade talks between the U.S. and China is keeping investors wary. West Texas Intermediate for May delivery was at $59.97 a barrel, down 1 cent, on the New York Mercantile Exchange at 7:21 a.m. in London.


Asian shares hold near 6-1/2-month high, fresh Sino-U.S. trade talks awaited

Asian shares hold near 6-1/2-month high, fresh Sino-U.S. trade talks awaited China's Shanghai Composite, the blue-chip CSI 300 and Hong Kong's Hang Seng dropped between 0.1 and 0.4 percent each. Bloomberg reported on Friday that U.S. officials downplayed the prospect of an imminent trade deal with Beijing, just as a U.S. trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin is set to visit China on March 28-29. On Wall Street, the S&P 500 gained 1.09 percent while the Nasdaq Composite rallied 1.42 percent, both hitting five-month highs.


China chemical plant blast kills 47, injures hundreds more

China chemical plant blast kills 47, injures hundreds more BEIJING (AP) — A massive explosion at a chemical plant in eastern China with a long record of safety violations has killed at least 47 people and injured hundreds of others, 90 of them seriously.


Police in Kazakhstan detain dozens of anti-government protesters

Police in Kazakhstan detain dozens of anti-government protesters ASTANA/ALMATY (Reuters) - Police detained dozens of anti-government protesters at rallies in Kazakhstan's two major cities on Friday, days after the surprise resignation of veteran leader Nursultan Nazarbayev, Reuters correspondents reported. The protests were organized by Nazarbayev's foe, fugitive banker and opposition politician Mukhtar Ablyazov, who has accused the 78-year-old politician of planning a dynastic succession that would see his daughter Dariga succeed him. Dariga Nazarbayeva was elected speaker of the upper house of parliament earlier this week after the Senate's previous speaker, Kassym-Jomart Tokayev, was made interim president.


BlackRock Nears Deal to Acquire Bridgepoint's EFront

BlackRock Nears Deal to Acquire Bridgepoint's EFront Bridgepoint has been discussing a valuation of more than $1.3 billion for eFront, one of the people said. Bridgepoint acquired eFront for 300 million euros in 2015, and the company has broadened its offering since, according to its website. No final decision has been made, and Bridgepoint could still choose a different bidder, according to the people.


Boeing to mandate safety feature in MAX software upgrade: sources

Boeing to mandate safety feature in MAX software upgrade: sources The safety feature is expected to be offered as part of a software update to the MAX fleet that was grounded in the wake of the Ethiopian Airlines crash, said the officials who asked not to be identified. The crash set off one of the widest inquiries in aviation history and cast a shadow over the Boeing MAX model intended to be a standard for decades. Boeing did not immediately comment on the plan to make the safety feature standard, but separately said it was moving quickly to make software changes and expects the upgrade to be approved by the U.S. Federal Aviation Administration (FAA) in the coming weeks.


Who is Renty? The story of the slave whose photos have triggered a lawsuit against Harvard

Who is Renty? The story of the slave whose photos have triggered a lawsuit against Harvard The photos of Renty and his daughter Delia, taken in nude in 1850 against their will for a Harvard University professor, are now the subject of a lawsuit that Tamara Lanier has filed this week.


Shock of Lira Crash Pushes Turks to Cushion Savings With Dollars

Shock of Lira Crash Pushes Turks to Cushion Savings With Dollars Fueling the rush for foreign tender is inflation, which is eating away at their lira savings, and concern the government will double down on policies geared toward priming growth rather than reining in prices after municipal elections on March 31. With the economy in its deepest recession since the global financial crisis there’s a risk the authorities may revive a growth-at-all-costs approach that compounded the lira’s depreciation last year. “If other measures to underpin credit growth fail, ultimately the suspicion is that the central bank will be forced to ease policy, almost regardless of inflation,” said Henrik Gullberg, a strategist at Nomura International in London.


China urges subsidies to help disease-hit pig farms restock

China urges subsidies to help disease-hit pig farms restock China has urged rural governments to offer temporary subsidies to pig breeding farms and large-scale producers to help stabilize hog production, as fears grow about the impact of a severe disease outbreak on pork supplies. Factory prices for pork, by far the country's most popular meat, have jumped sharply in recent weeks, while official figures show the size of the country's pig herd has slumped by nearly 17 percent on a year ago. While the world's biggest pork consumer has reported 114 outbreaks of highly contagious African swine fever since the disease was first detected last August, many in the industry believe it is worse than officially reported.


Europe Is Preparing for the End of Theresa May

Europe Is Preparing for the End of Theresa May What made Thursday’s Brexit crunch point especially alarming is that the worst-case scenario – Britain crashing out of the EU without a deal – is an economically calamitous outcome that neither side can agree on how to avoid. Westminster has twice rejected Theresa May’s agreed Brexit deal, and Brussels has rejected any attempt to renegotiate. With no obvious way of stopping the clock on the Article 50 departure process (besides a cancellation by the Brits that would be hugely divisive in the country), Thursday’s meeting of European leaders was about agreeing a delay to the March 29 deadline that could also serve as a way out of the impasse by bouncing the U.K. into action.


Asia Stocks Mixed, Bond Yields Hit Lowest in Years: Markets Wrap

Asia Stocks Mixed, Bond Yields Hit Lowest in Years: Markets Wrap Asian stocks were mixed, while bond yields slumped to multi-year lows as investors assess prospects for the end of monetary-policy normalization by major central banks. Hong Kong and Chinese equity benchmarks slid, while Australian shares rose and Japan was little changed. Japan’s 10-year bond yield fell to the lowest since 2016, New Zealand’s dropped below 2 percent for the first time and Australia’s approached a record low -- all underscoring the return to globally low long-term rates.


'A gift sent from the heavens': Nebraska pals find fridge full of beer during flood cleanup

'A gift sent from the heavens': Nebraska pals find fridge full of beer during flood cleanup Kyle Simpson and Gayland Stouffer had spent the day cleaning up from flooding in Nebraska when a fridge appeared in the distance. It was full of beer.


Trump policy of sending asylum seekers to Mexico faces judge

Trump policy of sending asylum seekers to Mexico faces judge SAN FRANCISCO (AP) — A U.S. judge in San Francisco will scrutinize the Trump administration's policy of returning asylum seekers to Mexico during a court hearing Friday to help him decide whether to block the practice.


Eisai starts phase 3 trials for second Alzheimer's drug after first's failure

Eisai starts phase 3 trials for second Alzheimer's drug after first's failure Eisai Co Ltd on Friday said it has begun phase 3 clinical trials of Alzheimer's treatment BAN2401, a day after the Japanese drugmaker and U.S. partner Biogen Inc scrapped trials for another Alzheimer's drug, aducanumab. On Friday, Eisai was untraded, flooded with sell orders at 7,565 yen, almost 17 percent lower than its previous close. The demise of aducanumab came after independent experts determined the trials had little hope of succeeding, marking the latest setback in the quest to treat a mind-wasting disease that affects 5.7 million people in the United States alone.


Explosion at Chinese chemical plant kills 47, injures 640

Explosion at Chinese chemical plant kills 47, injures 640 An explosion at a pesticide plant in eastern China has killed 47 people and injured more than 600, state media said on Friday, the latest casualties in a series of industrial accidents that has angered the public. The blast occurred on Thursday at the Chenjiagang Industrial Park in the city of Yancheng, in Jiangsu province, and the fire was finally brought under control at 3.00 a.m. on Friday (1900 GMT), state television said. The fire at a plant owned by the Tianjiayi Chemical Company spread to neighboring factories.


Hyundai shareholders inflict big defeat on U.S. fund Elliott in proxy vote

Hyundai shareholders inflict big defeat on U.S. fund Elliott in proxy vote Hyundai Motor Group companies' shareholders rejected on Friday Elliott Management's demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund's campaign to shake up South Korea's second-biggest family-run conglomerate. Although Hyundai fended off the threat from Elliott at the closely watched vote, it still faces a daunting challenge of winning shareholder support for a planned restructuring that should aid the handover of the group's reins to heir apparent Euisun Chung. Elliott thwarted Hyundai's restructuring proposal last year, and Friday's win would have provided fresh impetus to empower small investors in Asia's fourth-largest economy, long dominated by powerful elites accused of taking minority investors for granted.


Credit Suisse CEO Gets a 30% Pay Rise for Completing Turnaround

Credit Suisse CEO Gets a 30% Pay Rise for Completing Turnaround Credit Suisse Group AG boosted Chief Executive Officer Tidjane Thiam’s compensation by about 30 percent for delivering the first annual profit in four years, even as the bank’s trading losses continue to overshadow progress in other areas. Thiam’s pay for 2018 rose to 12.7 million Swiss francs ($12.7 million), according to the bank’s compensation report.


Li Ka-Shing's Son Stumbles in Year Since Father’s Retirement

Li Ka-Shing's Son Stumbles in Year Since Father’s Retirement Li Ka-shing, the self-made billionaire who over seven decades turned a plastic flower business into a global empire spanning ports and property to telecommunications and retailing, last March announced he would retire. Twelve months later, Victor Li, 54, has learned a tough lesson about being the follow-up act to a legendary figure in Hong Kong and investors have been pretty unforgiving so far. The stock price of the family’s flagship company, CK Hutchison, has dropped 16 percent in the year since Li Ka-shing announced his retirement.


U.S. corporate breakups could be catalyst to change Dow index

U.S. corporate breakups could be catalyst to change Dow index Shake-ups come infrequently for the Dow Jones Industrial Average, but some degree of change may be in the works for the stock index as two of its 30 constituents prepare to transform from large conglomerates into smaller companies. The latest occasion to re-examine the Dow stems from chemical company DowDuPont Inc, which is breaking up into three publicly listed stocks. The first step, the separation of the company's Dow materials science division, is due to take effect on April 1.


Nike (NKE) Q3 2019 Earnings Conference Call Transcript

Nike (NKE) Q3 2019 Earnings Conference Call Transcript NKE earnings call for the period ending Febraury 28, 2019.


UPS eyes in-home health services with U.S. vaccine project

UPS eyes in-home health services with U.S. vaccine project United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare. The world's largest package delivery firm is preparing to test a U.S. service that dispatches nurses to vaccinate adults in their homes, Reuters has learned, as the company and its healthcare clients work to fend off cost pressures and competitive threats from Amazon.com. UPS did not disclose which vaccines it would be using in the project, but drug and vaccine maker Merck & Co told Reuters it is looking at partnering with the company for the initiative.


A 1-in-500,000 birth: Colombian baby born with twin growing inside her abdomen

A 1-in-500,000 birth: Colombian baby born with twin growing inside her abdomen Doctors delivered Itzamara by cesarean section because the twin could crush her abdominal organs, the New York Times reported.


More than 69,000 pounds of Tyson chicken strips recalled because they may contain metal

More than 69,000 pounds of Tyson chicken strips recalled because they may contain metal Approximately 69,093 pounds of frozen chicken strips have been recalled by Tyson Foods, Inc. because the products may be contaminated with metal.


Actuant (ATU) Q2 2019 Earnings Conference Call Transcript

Actuant (ATU) Q2 2019 Earnings Conference Call Transcript ATU earnings call for the period ending February 28, 2019.


Trump eyes Stephen Moore for Fed governor: Bloomberg News

Trump eyes Stephen Moore for Fed governor: Bloomberg News U.S. President Donald Trump is considering picking long-time supporter Stephen Moore to be a governor at the Federal Reserve Board, Bloomberg News reported. Moore, a senior fellow at the Heritage Foundation, helped write Trump's signature tax plan. The position would give him a vote at the policy-setting table of an institution whose interest-rate hikes last year were a frequent target of Trump's ire.


China's auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry

China's auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry China's major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to invest in ride-sharing industry, Chongqing Changan Automobile said on Friday. Chongqing Changan Automobile has invested 1.6 billion yuan ($238.70 million) in the investment company in Nanjing with partners such as Alibaba's investment firm, Tencent's affiliate, Suning's investment unit, FAW, and Dongfeng Motor.


HP’s ‘Unwanted Stepchild’ Reaches Court as Lynch Fights Two Fronts

HP’s ‘Unwanted Stepchild’ Reaches Court as Lynch Fights Two Fronts Faced with a U.S. indictment, British tech supremo Mike Lynch had a simple choice: Focus on the criminal trial—with a possible sentence of 20 years in prison—or fight a civil lawsuit first. The former Autonomy Corp. chief executive officer chose the latter, surprising many including those at Hewlett Packard Enterprise Co., which brought the $5.1 billion suit and believed he’d fight the American charges first. The computer giant has accused Lynch of being the architect of a massive accounting fraud at Autonomy, once the U.K.’s second-biggest software company.


ECB’s ‘Remarkable’ Formula Suggests More Easing Necessary

ECB’s ‘Remarkable’ Formula Suggests More Easing Necessary A policy formula the European Central Bank recently described as “remarkable” is suggesting it needs to ease monetary policy once again. A rule designed by former Governing Council member Athanasios Orphanides -- praised by researchers at the ECB just after the end of quantitative easing was announced -- says policy is now too tight, after months of weak economic data forced the central bank to lower its inflation outlook. “If the ECB had an inflation target between 1 percent and 1.5 percent, then their policy would be fine,” Orphanides said in a phone interview.


CLSA Chief Resigned for Personal Reasons, Citic Chairman Says

CLSA Chief Resigned for Personal Reasons, Citic Chairman Says (Bloomberg) -- Jonathan Slone resigned as chief executive officer of CLSA Ltd. for personal reasons, according to the chairman of the securities firm’s parent.


Chinese smartphone firms jazz up products, seize turf in home market from Apple

Chinese smartphone firms jazz up products, seize turf in home market from Apple Smartphone retailers in China say it's a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds. "Of those people who are upgrading, there are many switching from Apple to Chinese brands but very few switching from Chinese brands to Apple," said Jiang Ning, who manages a Xiaomi store in the northern province of Shandong. Huawei Technologies Co Ltd, Xiaomi Corp, Oppo and Vivo once sought to grab share in the world's biggest smartphone market with value-for-money devices, but consumer demand for better phones has prompted strategic rethinks.


Star Trader's Chinese Stock Fund Lures $10 Billion in 10 Hours

Star Trader's Chinese Stock Fund Lures $10 Billion in 10 Hours The Shanghai-based Foresight Fund, managed by Chen Guangming, said on Friday that it stopped accepting customer subscriptions after blowing past its 6 billion yuan fundraising target. While the fund didn’t disclose the amount of orders it received, people familiar with the matter said they topped 70 billion yuan, including about 20 billion yuan via China Merchants Bank Co.’s fund distribution platform.


Florida man challenge: Here's why there are so many crazy crime stories from Florida

Florida man challenge: Here's why there are so many crazy crime stories from Florida There's no simple explanation, experts say. The state's laws have something to do with it. But also to blame: "a general craziness here."


Tech Bulls Return as Trade Talks Take Second Place: Taking Stock

Tech Bulls Return as Trade Talks Take Second Place: Taking Stock With optimism for a quick U.S.-China trade deal starting to fade as the two sides haggle over nagging details, stock markets in the region need all the help they can get to keep the good times rolling. Technology companies in the MSCI Asia Pacific Index have led the charge this week, taking their rebound from a January low to 20 percent. For its part, the Asia Pacific index is near its highest level since early October, on pace for a second weekly advance after a lull earlier this month.


Fed’s the Dove-iest Surprise of All as World’s Central Banks Hit Pause

Fed’s the Dove-iest Surprise of All as World’s Central Banks Hit Pause Growth risks are overwhelming economies across the globe and forcing central banks to rethink policy. The Fed somehow pulled off another dovish surprise, signaling no interest-rate hikes in 2019, though market reaction was mixed. For now, Indonesia and the Philippines — among the most aggressive rate hikers last year — kept policy on hold, as did Thailand.


Asian stocks stumble on doubts over US-China trade deal

Asian stocks stumble on doubts over US-China trade deal SINGAPORE (AP) — Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week.


Paul Singer Unnerves Korea’s Billionaires Whether He Wins or Loses

Paul Singer Unnerves Korea’s Billionaires Whether He Wins or Loses Then came Paul Singer. The hedge fund titan’s activist campaigns -- first at Samsung Group in 2015 and then at Hyundai Motor Group -- have trained a spotlight on the corporate governance failures and complex ownership structures that saddle South Korean stocks with some of the world’s lowest valuations.


Malaysia Posts Second Month of Deflation as Growth Risks Rise

Malaysia Posts Second Month of Deflation as Growth Risks Rise Consumer prices fell 0.4 percent from a year ago after dropping 0.7 percent in January, the statistics agency said in a report on Friday. The last time Malaysia was in deflation was in the aftermath of the global financial crisis in 2009, when the economy was in recession. Malaysia’s government has said the decline in prices is due to temporary factors, such as fuel costs, and not a sign of falling demand or recessionary factors as in 2009.


Venezuela is key topic between Trump and Caribbean leaders

Venezuela is key topic between Trump and Caribbean leaders WASHINGTON (AP) — The political and economic crisis in Venezuela tops the agenda of President Donald Trump's meeting Friday with leaders from the Caribbean, a region that has been far from united in joining the U.S. call for the ouster of President Nicolas Maduro.


Palestinians in financial crisis after Israel, US moves

Palestinians in financial crisis after Israel, US moves The Palestinian Authority faces a suffocating financial crisis after deep US aid cuts and an Israeli move to withhold tax transfers, sparking fears for the stability of the West Bank. The authority, headed by President Mahmud Abbas, announced a package of emergency measures on March 10, including halving the salaries of many civil servants. The United States has cut more than $500 million in Palestinian aid in the last year, though only a fraction of that went directly to the PA.


Cintas Corporation (CTAS) Q3 2019 Earnings Conference Call Transcript

Cintas Corporation (CTAS) Q3 2019 Earnings Conference Call Transcript CTAS earnings call for the period ending February 28, 2019.


ConsenSys Spin-Off BlockApps Inks Deal With Bayer’s Monsanto Arm

ConsenSys Spin-Off BlockApps Inks Deal With Bayer’s Monsanto Arm BlockApps is working with Bayer Crop Science, the agtech giant formerly known as Monsanto, on custom blockchain solutions.


Brexit Cliff Edge Is Already Real for Some People

Brexit Cliff Edge Is Already Real for Some People The following week, Chancellor of the Exchequer Philip Hammond declared the economy was on the longest quarterly growth run of any Group of Seven nation. “There’s a disconnect between the Bank of England figures, which look fine, and what we see,” said Andy Shaw, the debt advice coordinator at Stepchange, a charity in Leeds trying to help people stay afloat.