上海夜生活,上海夜生活网,上海夜网论坛 - Powered by July 2017

Audi aims to double China production with partner FAW in five…

BEIJING ( ) – German luxury carmaker Audi AG (NSUG.DE) aims,上海021夜网Dakota, to double China production with local partner China FAW Group Corp Ltd [SASACJ.UL] within five years, its chief executive said on Wednesday, as global automakers look to localize in the world’s largest vehicle market.

Speaking at the Beijing auto show, Audi head Rupert Stadler said the automaker would look to offer 10 new sport utility vehicles (SUVs) in China by 2022, and that by 2025 it expected 30 percent of its sales in the market to be electric vehicles.

He also said Audi would expand the range of vehicles it builds with SAIC Motor Corp Ltd (600104.SS) and to double ,上海高端夜生活在那里Tamara,its engineering staff in China to 750-800, without giving a,上海夜生活怎么玩Sabina, time frame.

The comments reflect how foreign automakers have been going out of their way to show their commitment the Chinese market amid simmering trade tensions between Washington and Beijing.

China is considering adding duties to U.S. car imports in retaliation to the United States’ proposed tariffs on Chinese go上海夜网ods, though Chinese President Xi Jinping earlier this month pledged to lower import tariffs on products such as cars.

The country also plans to scrap limits on foreign ownership of automotive ventures by 2022 in a major policy shift.

Audi sales chief Marco Schubert said manufacturers will likely ship in more cars if China reduces import duties on vehicles. About 10 percent of Audi vehicles sold in China are imported, and that share would likely rise for Audi and its rivals, he said.

Trump defends ‘star’ tweet; Clinton says it’s anti-Semitic

NEW YORK ( ) – Republican presidential candidate Donald Trump on Monday defended a social media post he made two days earlier that included an image depicting Democratic rival Hillary Clinton against a backdrop of cash and a Star of David, while Clinton called the image anti-Semitic.

In a tweet on Monday, Trump said he had not meant the six-pointed star to refer to the Star of David, which is a symbol of Judaism. Rather, he said, the star could have referred to a sheriff’s badge, which is shaped similarly except for small circles at the ends of each of its six points, or a “plain star.”

The presumptive Republican nominee later released a statement saying Clinton’s criticism of the image was an attempt to distract the public from “the dishonest behavior of herself and her husband.”

He was referring to a heavily criticized private meeting last week between former President Bill Clinton and U.S. Attorney General Loretta Lynch as an investigation into Hillary Clinton’s use of a private email server while secretary of state nears a conclusion.

His tweet came after Mic News reported on Sunday that the image attacking Clinton – which included the words: “History made” and, inside the star, “most corrupt candidate ever!” – had been shared on a neo-Nazi web forum called /pol/. confirmed the image was posted there on June 22 by viewing a link to an archived version of a /pol/ page, although the page has since been updated and the image removed.

“Donald Trump’s use of a blatantly anti-Semitic image from racist websites to promote his campaign would be disturbing enough, but the fact that it’s a part of a pattern should give voters major cause for concern,” Clinton, the presumptive Democratic nominee, said in a statement emailed to reporters on Monday.

The Nazis forced Jews to wear a Star of David on their clothing to identify themselves during the Holocaust.


Trump posted and deleted the tweet on Saturday, then tweeted a similar image in which the star was replaced by a circle. On Monday, he lashed out at journalists for continuing to report on the original tweet.

“Dishonest media is trying their absolute best to depict a star in a tweet as the Star of David rather than a Sheriff’s Star, or plain star!” Trump wrote on Twitter.

Saturday’s incident was the latest departure by Trump from a recent effort to appease Republicans worried about his brash public persona by trying to appear more restrained. The Republican convention, where Trump is expected to be named th,上海足浴夜网联系方式Sabrina,e party’s nominee for the Nov. 8 presidential election, is two weeks away.

In June, Trump fired his campaign manager, Corey Lewandowski, and began using a teleprompter to make speeches, hoping to show his campaign could be more inclusive after h上海夜生活论坛e aroused controversy by referring to some Mexicans crossing the U.S. border illegally as “rapists,” and his mocking of a disabled reporter, whi,夜上海419龙凤论坛Caitlin,ch Clinton has begun using in attack ads against h,上海凤楼夜网Dahlia,im.

Ed Brookover, a senior adviser to the Trump campaign, said in an interview on CNN on Monday that the campaign felt it had “corrected” the issue about the star by deleting Trump’s original tweet.

Brookover said the image’s earlier appearance on the neo-Nazi forum was irrelevant.

“These images get posted and reposted and reposted on social media on many forums,” he said. “There was never any intention of anti-Semitism.”

Canada’s WestJet CEO faces labor headwinds as pilots weigh strike

MONTREAL ( ) – WestJet Airlines’ new CEO is facing his first major test as the Canadian carrier’s pilots weigh strike action and larger rival Air Canada on Thursday offered to accommodate travelers if there is a disruption.

Shares of WestJet, Canada’s No. 2 carrier, fell close to 3 percent on Thursday, a day after the company’s pilots initiated a strike authorization vote.

WestJet Chief Executive Officer Ed Sims, who stepped into the top job in March, said earlier this month that he aimed to reach a first agreement with unionized pilots this year.,上海晚上耍女人的地方Caitlin, WestJet pilots voted in May 2017 to join the Air Line Pilots Association union (ALPA).

ALPA said it intends to begin intensive talks with WestJet starting Friday. Management agreed to meet for only 14 days of bargaining during a 60-day conciliation process, the union said in a Wednesday statement.

“We are committed to negotiating for the next two weeks straight,” said Captain Rob McFadyen, chairman of WestJet’s ALPA Master Executive Council (MEC). “Our focus is on getting an agreement.”

McFadyen said the two sides remained apart over issues like outsourcing and compensation. He said WestJet pilots are looking for compensation “comparable to other pilots in our segment of the industry,” which includes Air Canada.

A WestJet spokeswoman said the carrier is “committed to talking for as long as it takes to,上海夜生活论坛Mace, reach a settlement benefiting both our pilots and the company.”

Earlier in the day, WestJet played down the possibility of disruptions. “Strike mandates are a relatively common collective bargaining tactic and do not mean that a strike will take place,” it said in a statement.

Air Canada said it was ready to adjust schedules and capacity to limit disruptions for the traveling public in event of labor action at WestJet..

AltaCorp Capital analyst Chris Murray said travel concerns related to the labor dispute were creating “uncertainty” around WestJet and the dispute had the potential to weigh on the carrier’s revenue per available seat mile (RASM), a key metric of an airline’s performance, in the coming months.

“We would not be surprised to hear the company talk about some RASM pressure around Q2 and Q3 because of concerns over labor issues,” he said.

WestJet shares closed down 2.8 percent at C$22.48, while the benchmark Canadian share index finished up 0.8 percent. Air Canada shares shed 0.1 percent.

The strike vote, which was triggered after more than six m,上海夜网推油Hadley,onths of negotiations, will上海夜生活网 remain open for 15 days, The pilots are allowed to strike starting May 19, McFadyen said.

Obama says expects Taliban to continue strategy of violence under…

ISE-SHIMA, Japan ( ) – U.S. President Barack Obama said on Thursday he expects the Taliban to continue a strategy of violence following the appointment of a hardline leader, adding that the United States aims to uphold Afghanistan’s fragile democratization and prevent its use as a base by Islamic State.

“This continues to be an organization that sees violence as a strategy for obtaining its goals and moving its agenda forward in Afghanistan,” said Obama, told reporters during a Group of Seven summit at Ise-Shima in central Japan.

“In the short-term, we anticipate that the Taliban will continue to pursue an agenda of viole上海夜生活网nce and blowing up innocent people.”

“Our goal right now is to make sure (Afghanistan’s) constitution and democratic process is upheld (and) maintain the counter-terrorism platforms that we need in the region so that al Qaeda and now ISI,上海凤楼夜网Pamela,L are not able to ,上海夜生活Hadrian,take root and use it as a base to attack us in the United States,” he said, using an acronym for Islamic State.

The selection of cleric Mullah Haibatullah Akhundzada as the new Taliban chief on Wednesday all but dashes Obama’s hopes for opening peace talks before he leaves office, one of his top foreign policy goals, current and former U.S. d,上海夜生活网419Caitlin,efense and intelligence officials said.

Akhundzada, a conservative Islamic scholar from the Taliban’s stronghold in southern Afghanistan, succeeded Mullah Akhtar Mansour four days after he was killed in a U.S. drone strike.

Some U.S. officials had expressed hope that Mansour’s death would eliminate an obstacle to peace negotiations between the Taliban and the government of Afghan President Ashraf Ghani.

Written by shyw on July 25, 2017 Categories: hvbabhyu Tags: , ,

Nestle settles months-long pricing scrap with European retailers

ZURICH ( ) – Swiss food group Nestle (NESN.S) has clinched an agreement with European retailers to settle a months-long pricing row and get its products back on sale, the world’s biggest packaged food maker said on Wednesday.

“We are pleased that a balanced agreement has been reached and that Nestle products will soon be back on the shelves of the six members of the European retail alliance AgeCore,” a company spokesman said, confirming a report by Germany’s Lebensmittelzeitung.

Nestle, whose brands include KitKat chocolates and Thomy sauces, has for months faced off with AgeCore, a Geneva-based group representing six European retailers.

The group, which included Germany’s Edeka and Switzerland’s Coop, had boycotted Ne,上海足浴夜网联系方式Jace,stle products as they sought better supply terms.

An Edeka spokesman confirmed the settlement but said details of the accord were confidential. “We are switching back to normal operations with Nestle,” he added.

Edeka, Germany’s largest supermarket group, had last month recommended its stores expand the boycott of some Nestle products, escalating the pricing row that broke out in September.

Switzerland’s Coop had also broadened its boycott, banishing more Nestle products from its stores.

Coop said on Wednesday it woul上海夜生活网d pass on results of the negotiated deal to customers as it puts Nestle products back on sale in the days ahead.

Coop would launch a two-week sale from mid-May offering up to 30 percent discounts on more than 500 Nestle products such as Nescafe instant coffee, Smarties sweets and Moevenpick ice-cream.

Another such Nestle brands promotion was planned for the months ahead, it said.

The dispute was the latest outward sign of tension between European retailers and suppliers at a time of changing consumer tastes and new online competition.

Nestle, under the leadership of new Chief Executive Mark Schneider, last year posted its weakest annual s,上海会所夜网Jack,ales growth in at least two decades, which has prompted sh,上海凤楼夜网Tabitha,areholder pressure to boost revenue and profit margins.

Its first-quarter sales growth was driven almost entirely by volume, illustrating how hard it is for consumer products makers to raise prices in a competitive retail environment.

Nestle shares were down 1.2 percent by midday, while the Stoxx European retail sector index .SX3P was down 0.4 percent.

How Samsung fell behind Sony and LG in the premium TV market

SEOUL ( ) – At the 2013 annual Consumer Electronics Show in Las Vegas, flashy organic light-emitting diode (OLED) televisions sporting credit card-thin screens were at the front and center of Samsung Electronics’ (005930.KS) new gadgets display.

Later that year, the South Korean company splurged on marketing the televisions – which then retailed at around $10,000 for the 55-inch model – to the ultra wealthy. Among the promotions was a penthouse party for the residents of One Hyde Park in London, labeled the world’s most expensive residential block.

But by 2015, it had stopped making OLED TVs, saying the market was not ready to embrace the high costs of the technology – based on thin films of carbon-based modules that light up in response to electric current. Instead it decided to focus on developing liquid crystal display screens that are backlit and enhanced with so-called quantum dots, semiconductor nanocrystals that produce colors and can improve picture quality. These are known as QLED TVs.

It appears to have been a costly misstep. OLED TVs have上海夜网 become a dominant technology in the premium market – that is for a TV of at least 55 inches in size costing more than $2,500 – as the cost of producing them has dropped dramatically.

Samsung is now the only major TV manufacturer not to produce OLED screens. And while the TV business generates less than 3 percent of Samsung’s profit, which largely comes from its semiconductor and mobile phones businesses, the loss of the leadership of the premium, higher-margin market is a hard blow.

“It was based on an objective appraisal of technological and cost competitiveness,” Jongsuk Chu, head of sales and marketing for Samsung’s TV business, told in a statement, referring to its decision to discontinue making OLED TVs.

A look at online reviews of both OLED and QLED TVs in the past couple of years indicate that OLED TVs made by South Korea’s LG Electronics (066570.KS) and Japan’s Sony (6758.T) gained fans because of the quality of the picture. In particular, reviewers cited more realistic colors and high resolution, as well as attractive designs and increasingly reasonable prices.

That doesn’t mean the Samsung QLED TVs don’t have their supporters. Picture quality has also improved and prices have dropped but they don’t tend to be reviewers’ top picks.

“OLED TV’s jump in premium TV market share is a direct result of its outstanding picture quality,” said Ross Young, CEO of research provider Display Supply Chain Consultants. “Samsung may have missteped in their 2017 product by emphasizing design over picture performance.”

Samsung last yea,上海晚上耍女人的地方Idaleen,r only got an 18.5 percent share of global sales for premium TVs, based on dollar revenue, down from 54.7 percent in 2015, according to research firm IHS Markit. Meanwhile, Sony and LG have leapfrogged Samsung to grab 36.9 percent and 33 percent of the market respectively.

To be sure, Samsung remains the biggest maker of TVs in the world – a title it has now held for 12 years. It also claims to be No.1 in premium TVs, with more than a 40 percent market share, based on data from GfK. These figures include 55-inch TVs that are cheaper than the $2,500.


Samsung Electronics’ decision to base its TV business on LCD technology was made after it took the advice of Samsung Group’s now-defunct Corporate Strategy Office, a source with knowledge of the matter said.

“The office made a suggestion that it would be more profitable to focus on LCDs than switching to less-proven OLED,” said the source, who declined to be named due to the sensitivity of the matter.

The reasons: the TV business was battling falling profits and the company felt LCD technology could be more profitable than high cost OLED, the source said.

The only problem was that around the time this decision was being taken, LG was developing a much more efficient manufacturing process to make OLED screens.

The retail price of a mainstream LG 55-inch OLED TV has dropped to just 3 million won ($2,811) this year from 15 million won ($14,056) in 2013, LG said.

It is not the first time decisions involving Samsung’s Corporate Strategy Office have been questioned. The office was closed after it faced criticism during the political scandal that led to the arrest of the group’s heir Jay Y. Lee last year on charges of bribery and embezzlement. Lee, who denies any wrongdoing, walked out a free man in February after an appeals court suspended his sentence.

Samsung told the biggest reason it is not making OLED TVs is the issue of screen burn-in, referring to a form of image retention when an image has been on the screen for a long time.

“We concluded that OLED is unfit for large screens, as it can shorten product life when tasked to produce bright images,” said Samsung’s Chu.

LG, though, says on its U.S. website that while burn-in is possible on almost any display, it has addressed the issue through technology that protects against damage to the screen and rectifies short-term problems.


The struggle’s impact on corporate results became clearer last month. LG said on Thursday its TV di,上海足浴夜网联系方式Hal,vision recorded a 77 percent jump in quarterly profit and a record profit margin of 14 percent in the quarter ended in March.

Samsung reported a 32 percent quarterly profit decline last Thursday for its consumer electronics division that sells TVs and home appliances, saying that earnings fell from a year ago, partly because it had changed its lineup and stopped selling some lower and mid-priced TVs.

Sony, whose television business incurred losses totaling 800 billion yen ($7.4 billion) over ten years, swung back to a profit in the year ended in March 2017.

To return to profit, the Japanese company reduced the number of markets around the world in which it sells, diversified suppliers and offered both OLED and LCD screens. It also ditched an LCD joint venture with Samsung.

The strategy paid off. While Sony had just 10.2 percent share in the global TV market last year in dollar terms, it was No. 1 in the premium market. Its operating profit margin reached 10.7 percent in the September-December quarter, according to John Soh, analyst at Shinhan Investment.

The outlook for Samsung in premium TVs could worsen as 71 percent of sales this year are expected to be OLED TVs, up from 51 percent last year, according to IHS.

And this is all happening with the 2018 FIFA World Cup starting in June. The month-long soccer competition, which is ,上海夜生活论坛Cadence,being held in Russia this year, is consistently the most watched TV event in the world and provides TV makers with a great opportunity to boost sales.

Choong Hoon Yi, head of UBI Research and a former Samsung display engineer, said that it now “looks like Samsung made a mistake” though it did not seem a blunder at the time, as Samsung considered the OLED technology too immature.

When asked about whether it plans to restart OLED TV production and sales, Samsung said that it will lead the premium market by focusing on QLED and micro-LED technology, which uses miniature light emitting diodes to improve picture quality. “There’s no change (in our strategy),” Jonghee Han, President of Samsung’s TV business told reporters last month.

Some display analysts say all might not be lost as Samsung can fight back on price. Initially the U.S. price for Samsung’s mid-range Q7F 55-inch QLED TV in 2018 was $1,900, down from $2,500 last year, according to online channels. Meanwhile the initial price for LG’s 55-inch C7 OLED TV was $3,500 in 2017 but the corresponding C8 started at $2,500 this year.

“Our goal is not to be No. 1 for x-number of consecutive years, but No. 1 forever,” Samsung’s Han said.

($1 = 1,067.1600 won)

Low profile hedge funds post high returns in year after New York…

NEW YORK ( ) – One of the year’s most popular events for fund managers, the Sohn Investment Conference, will be held in New York on Monday, but if history is any guide, some of the industry’s lower-profile managers will probably provide the most profitable ideas. 

The best ideas of some press-shy hedge fund managers who spoke at the 2017 New York Sohn Investment Conference outperformed those of celebrity managers such as Greenlight Capital’s David Einhorn, according to a analysis.

Josh Resnick, founder of New York-based Jericho Capital Asset Management, had the best overall investment idea of the 11 featured investors who spoke last year. His, short, or bet against, Frontier Communications Corp (FTR.O) gained 61 percent since it was announced on May 8 of last year.

Larry Robbins, the billionaire manager of Glenview Capital Management, had the next-best performance, with approximately 33 percent gains in his bullish position in DXC Technology Co (DXC.N).

The 2018 Sohn conference, which will take place at the David Geffen Hall at Lincoln Center, will include presentations by Glen Kacher of Light Street, Chamath Palihapitiya of Social Capital and Li Ran of Half Sky Capital.

Returns from picks of higher-profile investors at Sohn last year were mixed and Einhorn’s Greenlight is among those nursing heavy losses.

Einhorn, who came to fame after his call to short Lehman Brothers before the 2008 financial crisis, last year recommended shorting Core Laboratories NV (CLB.N), a losing position as the stock gained 7.3 percent between May 8 and Thursday.

In the first quarter alone, Greenlight was down 14 percent, Einhorn wrote in a letter to clients dated April 3. Through a spokesman, Greenlight declined to comment for this story.

Hed,上海夜生活论坛Rachel,ge fund managers, unlike many mutual fund managers, can bet a stock will fall and thus promise to make money in tumbling markets, but that strategy has not worked well for a variety of managers this year even though the U.S stock market has suffered from fears of central bank interest rate rises and the fallout of the imposition of import tariffs by President Trump.

Last year, Bill Ackman, a long-time supporter of the conference, pitched real estate company Howard Hughes Corporation (HHC.N), which he’s owned for some time. In 2017, the pick was a winner for his $8 billion Pershing Square Capital Management but Ackman’s firm still lost money. The stock climbed 11 percent in the last 52 weeks. Ackman will not be presenting this year.

John Khoury, who runs $2.7 billion Long Pond Capital, will be back at the Sohn conference this year after having pitched Hyatt Hotels Corp (H.N) in 2016. In the last 52 weeks the stock price has climbed 42 percent.

As hedge fund returns have stalled in the past year, investors have protested by pulling cash out. At the same time, some are giving smaller fund managers a chance, given ac上海夜生活网ademic research that smaller firms often outperform their bigger rivals.

“It’s hard to attract money and run a long-short fund when the broad market is going up 20 percent a year,” said Ken Heinz, president of hedge fund tracker Hedge Fund Research.

DoubleLine’s Jeffrey Gundlach, known as the “Bond King,” recommended going long emerging market stocks and shorting the benchmark U.S. S&P 500 stock index and enhancing the return through leverage. Including borrowing costs, the trade returned over 13 percent through Thursday. “This is a good result and a great risk-adjusted result given the low risk nature of pair trades,” Gundlach told . The broad S&P 500 index gained approximately 12.2 percent before dividends over the same time.

Resnic,上海夜网官方网站Kailani,k, who presented last year’s best performing idea, will not be among those presenting. The firm released a March 12 public letter calling on VMWare Inc (VMW.N) to end talks with Dell Technologies over a potential reverse merger, arguing that it would “likely lead to a significant destruction of sha,上海会所夜网Jackson,reholder value.”

Shares of VMWare are up 11.4 percent for the week after reports that Dell may be close to walking away from talks amid concerns that the merger plan would prompt in-demand employees to defect to rivals that were not saddled with Dell’s legacy hardware business.

Chevron evacuates Venezuela executives following staff arrests

( ) – U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.

Chevron asked other employees to avoid the facilities of its joint venture with the OPEC nation’s oil firm, the sources said.

The arrests, in a raid by national intelligence officers, were the first at a foreign oil firm since Venezuela’s government launched a purge last fall that has resulted in detentions of more than 80 executives at PDVSA and business partners accused of corruption.

The Chevron workers may face charges of treason for refusing to sign a supply contract for furnace parts drawn up by PDVSA executives, reported earlier this week. The workers balked at the high costs of the parts and a lack of competitive bids.

Venezuela’s foreign minister, Jorge Arreaza, linked th,上海新夜网龙凤Fabi,e Chevron arrests to the government anti-corruption probe for the first time on Wednesday.

“In our oil industry and in its relationships with other countries, there has been corruption,” Arreaza said at a news conference at the United Nations headquarters in New York that was broadcast on Venezuela state television. “The decisions of the prosecutor’s office are based on serious investigations to fight corruption … These two people involved have the right to defense and due process.”

Of Chevron’s evacuation of executives, Arreaza said: “The logical decision would be to turn themselves over to authorities and demonstrate their innocence … not to flee.”

Chevron spokeswoman Isabel Ordonez responded to the minister’s comments with a written statement that the firm “abides by a code of business ethics, under which we comply with all applicable U.S. and Venezuelan laws.”

Chevron’s move to evacuate its expatriate workforce underscores the how arduous it has become for foreign oil firms and their workers to sustain operations through Venezuela’s accelerating political and economic meltdown. The affected staff numbers about 30 people in the coastal city of Puerto la Cruz.

Chevron’s Ordonez said the company had an executive team overseeing operations in Venezuela but declined to provide details on the leadership there or the number and type of workers the company had withdrawn.

Last week, the company said it was working for the release of the detained workers, Carlos Algarra and Rene Vasquez, who are represented by Chevron lawyers.

Chevron has no plans to exit the country, according to a person familiar with the thinking of its board of directors. The oil company has not pulled out of other tough environments in the past, the person said – citing the jailing of employees in Indonesia in 2013 – and the firm believes Venezuela will eventually stabilize.

Chevron, the world’s seventh-largest publicly traded oil producer with 2017 revenue of $135 billion, operates in Venezuela mostly through minority stakes in five projects across the OPEC-member nation.

The firm has about 150 employees in its Puerto la Cruz headquarters and has two more offices in the country. Its earnings from Venezuela dropped 18 percent last year, to $329 million, according to regulatory filings.

The arrests mark an escalation of tensions between PDVSA and foreign companies over control of supply contracts and the joint ventures’ governance, sources familiar with the dispute told .

Outside firms say they are increasingly faced with impossible dilemmas. If their executives sign contracts without following their companies’ due process rules, they run the risk of violating compliance standards meant to control costs and guard against corruption. If they don’t sign, they stoke tension with their partners at PDVSA, which has a controlling interest in all joint ventures.

Companies evaluating an exit from Venezuela have limited options because few if any international firms would pay anything close to full value for assets in the country amid the ongoing turmoil, according to interviews with three executives of oil firms that have operated in Venezuela. But continuing operations often means stomaching steep losses, taking massive write-downs – and, now, the threat of having staff arrested by the embattled socialist government of President Nicolas Maduro.

PDVSA’s deteriorating infrastructure and cash flow have caused oil production to plunge 33 percent in a year, to 1.51 million barrels per day (bpd) in March, according to official data reported to OPEC. Venezuela’s oil output so far this year is at a 33-year low.

The falling production and arrests of PDVSA executives on allegations of corruption picked up speed late last year after Maduro named a military chief with no oil industry experience, Major General Manuel Quevedo, as the nation’s oil minister and president of PDVSA.

Several of Chevron’s foreign staff and some local executives and their families left Venezuela starting last week after the arrests, the four sources familiar with their departures told . They described the situation as temporary, and said executives may return if proposed talks between Chevron and PDVSA to resolve the dispute are successful.

Chevron executives have had high-level meetings with Venezuelan government officials this week, said two of the people familiar with the matter.

Chevron and other firms aim to avoid a repeat of what happened to Exxon Mobil Corp and ConocoPhillips in Venezuela in 2007, when the government of then-President Hugo Chavez expropriated their assets after they could not reach an agreement to convert their projects into PDVSA-controlled joint ventures.

“No company can leave because it would lose the assets,” said a former negotiator of Exxon’s 2007 exit from Venezuela. “At this point, there are just a few options.”


Chevron employees remaining in Venezuela are concerned they may be vulnerable to detention following the departure of senior management, according to interviews with employees and family members.

The arrested Chevron workers oversaw operations and procurement at Petropiar, an oil production and processing project co-owned by PDVSA and Chevron.

Chevron has asked employees assigned to Petropiar to temporarily work from the firm’s Puerto la Cruz office rather than show up at its partner’s oil production and processing facilities, according to one person familiar with the situation.

The two men had refused to sign a multi-million dollar contract under an emergency decree to buy imported parts required by Petropiar, according to six sources with knowledge of the contract dispute. Such decrees, which skip competitive bidding, have been cited by Venezuelan and U.S. prosecutors as a means of extracting bribes in some recent corruption cases.

Algarra and Vasquez are now being held in a detention center in Barcelona run by Venezuela’s intelligence unit, known as Sebin. Coworkers and relatives have brought them food to supplement what they are provided, a person familiar with the matter said.


Several other foreign energy companies have written down the value of their Venezuela assets by hundreds of millions of dollars or halted most 上海夜网operations, keeping only a skeletal staff in the country.

Spain’s Repsol took a pre-tax charge of about $1 billion on its Venezuelan assets in the prior quarter. Italy’s ENI said it was owed 500 million euros ($615 million) in delinquent payments from PDVSA last year.

Service provider Schlumberger,上海夜网千花Nadine, wrote down its Venezuelan holdings in the fourth quarter by $938 million. Halliburton earlier this month said it wrote off all r,上海夜生活网419Oakley,emaining assets in the country, adding a $312 million charge on top of $647 million in charges last year.

Other international oil firms, including France’s Total SA, have withdrawn foreign staff in recent years and reduced investment as living conditions have deteriorated.

“I can tell you it is difficult for our people because of lack of power, lack of water,” said Chief Executive Patrick Pouyanne last week at an oil summit in Paris.

The company would maintain a presence there, however, on the hope the crisis would ease.

“It is important to stay in a country even in difficult times,” Pouyanne said, “because people will remember it.”

Trump rallies gun owners with fiery anti-Clinton speech

LOUISVILLE, Ky. ( ) – Republican presidential candidate Donald Trump assured gun owners on Friday he would protect their constitutional right to bear arms and eliminate gun-free zones if elected, accusing Democrat Hillary Clinton of wanting to weaken gun rights.

Trump, who will almost certainly be the Republican presidential nominee, picked up the endorsement of the National Rifle Association, a politically powerful lobbying group which claims more than 4 million members.

Trump’s remarks at the NRA’s national convention in Louisville, Kentucky, were not a surprise, but they could solidify his status among conservatives who see protecting the U.S. Constitution’s Second Amendment as a top priority.

Trump also planned to meet on Monday with U.S. Senator Bob Corker of Tennessee, a source close to the Trump campaign said. The two are expected to consult on foreign policy. The source said Corker remains on Trump’s list of potential vice presidential running mates.

Clinton, who is close to clinching the Democratic Party’s nomination for the Nov. 8 election, has vowed to take on the gun lobby and expand gun control measures to include comprehensive background checks for gun buyers, including at open-air gun shows and online.

Trump, who is trying to unite the Republican Party behind him after a brutal primary battle, accused Clinton, a former secretary of state to President Barack Obama, of wanting to end the 2nd Amendment, which says in part that the people’s right to keep and bear arms “shall not be infringed.”

“Hillary Clinton wants to abolish the Second Amendment, not change it; she wants to abolish it,” Trump said.

Clinton campaign senior policy adviser Maya Harris said Trump is peddling falsehoods and denounced “Donald Trump’s conspiracy theories.” She said Clinton believes there are “common-sense steps we can take at the federal level to keep guns out of the hands of criminals” while protecting the Second Amendment.

Trump told the NRA he would eliminate gun-free zones imposed in some areas, noting th,上海足浴夜网联系方式Dalton,at the 2015 shooting deaths of four U.S. Marines at an armed forces recruiting center in Chattanooga, Tennessee, took place in a gun-free zone.

“The Second Amendment is on the ballot in November,” he said. “The only way to save our Second Amendment is to vote for a person you know: Donald Trump.”

The NRA’s convention took place on the same day that a man brandished a gun at a checkpoint near the White House in Washington an,上海仙霞路夜生活Kai,d was shot and wounded by a law enforcement officer.

The New York billionaire’s NRA speech was another step in his drive to make more conservatives comfortable with his candidacy. Earlier this week, he released a list of 11 potential Supreme Court nominees who are conservative jurists, a step well-received on the right.

Many conservatives, who had backed other Republican candidates in the 2016 race, worry that Trump is a closet liberal on many issues.

But Chris Cox, executive director of the NRA’s Institute for Legislative Action, said it was time for them to get over their qualms about the 69-year-old candidate.

“If your preferred candidate is out of the race, it’s time to get over it,” Cox told the NRA audience. “Are there valid arguments in favor of some over others? Sure. Will any of it matter if Hillary wins in November? Not one bit.”

In another step toward trying to unify the party, Cox has invited members o上海夜生活论坛f Congress to a “small roundtable discussion” with one of Trump’s sons, Donald Trump Jr., on Wednesday at the Capitol Hill Club near the U.S. Capitol, a copy of the invitation said. ,上海021夜网Sabina,

Facebook’s damage limitation drive hits trouble in Germany

BERLIN/FRANKFURT ( ) – Facebook’s attempt to limit fallout from a massive data breach hit trouble in Germany on Friday as a privacy watchdog opened a case against the social network and politicians accused its bosses of evasion.

The social network has been at the center of controversy over suspected Russian manipulation of the 2016 U.S. presidential election via its platform, and the leak of personal data of 87 million users to a political consultancy that advised Donald Trump’s team.

A German data privacy regulator said it was opening a non-compliance procedure against Facebook in relation to the data leak to the consultancy, Cambridge Analytica, that was exposed a month ago.

The city-state of Hamburg’s Data Protection Commissioner, Johannes Caspar, notified Facebook in writing that he had opened a probe into suspected data abuse. The case could lead to a fine of up to 300,000 euros ($370,000).

“First we will seek a statement from Facebook and then hearings will begin,” said Caspar’s spokesman, Martin Schemm.

Such a fine, if imposed, would only be a pinprick for Facebook, which recorded revenues of more than $40 billion last year.

But the case marks a warning shot ahead of the introduction of tougher privacy rules across the European Union on May 25 that foresee penalties of up to four percent of worldwide revenues for serious violations.

“We remain strongly commi,上海夜生活怎么玩Lake,tted to protecting people’s information,” a Facebook spokeswoman said in response to news of the probe. “We appreciate any opportunity to answer questions by data protection authorities.”


Facing a hostile audience, a Facebook executive earlier met German lawmakers and repeated apologies by CEO Mark Zuckerberg over the Cambridge Analytica leak.

“What happened with Cambridge Analytica represents a huge violation of trust, and we are deeply sorry,” Joel Kaplan, vice president for global public policy, said according to the text of his prepared remarks.

Kaplan said Facebook would roll out a new ‘view ads’ feature, designed to make political advertising more transparent, in time for a regional election being held in the German state of Bavaria in October.

Social media experts say Germany’s parliamentary election last September was less affected by the spread of ‘fake news’ than the U.S. vote, where Trump pulled off a stunning come-from-behind victory.

Yet the far-right Alternative for Germany (AfD) was able to capitalize on a wave of discontent with an active campaign on social media, winning seats in parliament for the first time as Chancellor Angela Merkel’s Christian Democrats polled poorly.

The Bavarian party closely allied to Merkel’s conservatives is seeking re-election in 上海夜网October. Its leading figure in the federal government, Interior Minister Horst Seehofer, is taking a hard line on immigration in a bid to squeeze the AfD vote.

Lawmakers came away dissatisfied from the closed-door hearing, saying Facebook executives had failed to give clarity on how widespread the illicit harvesting of data using Facebook apps had been.

“We just experienced another slice of Facebook’s salami tactics,” sa,上海会所夜网Tamara,id Thomas Jarzombek, the Christian Democrats’ digital policy spoke,上海夜网推油Faith,sman.

Tabea Roessner of the opposition Greens said the hearing had shown Facebook was still in ‘business as usual’ mode. “That disrespects those affected,” she told the Handelsblatt daily.

Obama: Trump’s rhetoric is xenophobic, not populist

OTTAWA ( ) – U.S. President Barack Obama is tired of hearing Republican presidential candidate Donald Trump described as a populist.

The Democratic leader, who has made no secret of his dislike for the wealthy businessman’s rhetoric, closed a news conference in Canada on Wednesday with a long riff on what makes a leader qualified for the “populist” mantra.

Trump did not meet the criteria, O,上海夜生上海夜生活网活桑拿会所Fabian,bama said, without mentioning the Republican by name.

“Somebody … who has never shown any regard for workers, has never fought on behalf of social justice issues or making sure that poor kids are getting a decent shot at,上海夜玩网论坛Lake, life or have health care,” does not meet the definition, Obama said.

“They don’t suddenly become a populist because they say something controversial in order to win votes. That’s not the measure of populism. That’s nativism, or xenophobia. Or worse. Or it’s just cynicism,” he said.

Trump won enough grassroots support among Republicans to make him the party’s presumptive presidential nominee with a pledge to ban Muslims temporarily from entering the United States and to build a wall on the U.S. border with Mexico, and a series of other inflammatory remarks.

Obama has sharply criticized Trump for such rhetoric.

He plans to campaign with former Secretary of State Hillary Clinton, the presumptive Democratic presidential nominee, next week. The president’s latest criticism of Trump could foreshadow Obama’s strategy to help Clinton on the campaign trail.

He made a point of saying U.S. Senator Bernie Sanders of Vermont, Cl,上海会所夜网Sabine,inton’s opponent in the race for the Democratic presidential nomination, genuinely deserved the title of populist.

Sanders describes himself as a democratic socialist and generated huge support from young people across the United States in his campaign.

Clinton needs those supporters now, and Obama, who won the White House in 2008 and 2012 with a similar coalition, will try to help deliver them for her.

Obama, who leaves office in January, made his comments on Wednesday with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto looking on.

“Sorry,” Obama said after his more-than-six-minute monologue. “It’s the prerogative of an outgoing president to go on an occasional rant, he said.

Written by shyw on July 18, 2017 Categories: ctwapomc Tags: , ,

T-Mobile’s quarterly revenue beats estimates

( ) – U.S. wireless carrier T-Mobile US Inc (TMUS.O), which is buying smaller rival Sprint Corp (S.N), topped Wall Street estimates for revenue on Tuesday as it added more phone subscribers who pay a monthly bill.

T-Mobile and Sprint announced on Sunday they had agreed to an all-stock $26 billion deal, which the companies say they expect will hold up against regulatory scrutiny because it will create thousands of American jobs and better prepare them to create the next-generation wireles,上海夜网邀请码Octava,s network.

T-Mobile Chief Executive John Legere said during the post-earnin,上海夜网后花园Eden,gs conference call with analysts that he had meetings with the Securities Exchange Commission on Tuesday that went “extremely well,” and added he would respect the regulatory review process.

Shares of the company rose 2 percent in after-market trading on Tuesday.

T-Mobile added 617,000 phone subscribers who pay a bill in the quarter ended March 31, down from an addition of 798,000 subscribers a year earlier.

The company attributed the decline partly due to the late arrival during the quarter of the Samsung Galaxy S9, since new smartphone launches have historically driven new customer additions.

Connected devices like the Apple (AAPL.O) Watch helped raise postpaid net customer additions, and T-Mobile President Mike Stewart called the Apple Watch “a nice surprise hit” during the earnings call.

The company’s revenue rose to $10.46 billion from $9.61 billion, beating analysts’ average estimate of $10.35 billion, according to Thomson I/B/E/S.

Net income fell to $671 million, or 78 cents a share, during the quarter, down 4 percent from $698 million, or 80 cents a share, a year earlier.

Analysts had expected net income of 71 cents 上海夜生活论坛per share.

A deal between T-Mobile and Sprint will help T-Mobile boost ,上海夜生活论坛Jackson,its financials by creating a company with 127 million customers, making it a more formidable competitor to the top two wireless players, Verizon Communications Inc (VZ.N) and AT&T Inc (T.N).

Macquarie analyst Amy Yong said in a research note that the coming regulatory decision on the proposed AT&T-Time Warner merger could affect approval for the T-Mobile and Sprint tie-up.

Both carriers’ foreign ownership could also complicate the approval process, Yong wrote.

Leading House conservative wants IRS chief impeached

WASHINGTON ( ) – The head of a hard-line Republican conservative faction in the U.S. Congress wants to impeach the nation’s top tax officer and said lawmakers could do this without accusing him of any crime.

Internal Revenue Service Commissioner John Koskinen should be impeached within weeks, said Jim Jordan, chairman of the House of Representatives Freedom Caucus, in an interview.

Jordan’s demand comes amid numerous Republican attacks on the IRS in recent months. Bashing the tax-collecting agency is a per上海夜生活网ennial Capitol Hill practice, but Jordan and a handful of other conservatives have been pushing it further than usual.

He said Jordan could be impeached simply because he had betrayed the trust put in him by the U.S. public to carry out his job correctly.

“When someone violates the public trust in such a way as this individual has, and that agency has, t,上海仙霞路夜生活Mabel,hen that’s what warrants … impeachment,” Jordan said.

Impeachment is a formal charge of wrongdoing for a trial that would occur in the Senate, where a two-thirds vote is necessary for removal from office. Republicans control only 54 of the 100 Senate seats, making such a vote unlikely.

Asked when the House should ac,上海夜生活怎么玩Barrett,t,上海夜生活群Quay,, the Ohio Republican replied: “I hope before we leave for the summer break.”

The IRS said in a statement that Koskinen has provided Congress with full cooperation and truthful testimony and remains focused on serving U.S. taxpayers.

On Tuesday, Republicans will detail their complaints about Koskinen at a House Judiciary Committee hearing.

Never popular with lawmakers, the IRS angered Republicans in 2013-2014 in a controversy over its handling of applications from conservative political groups for tax-exempt status.

The episode caused a shake-up of top IRS personnel. Koskinen was brought in by the Obama administration in late 2013 to restore order. But the House has since approved several bills attacking the IRS and its budget has been sharply cut.

Jordan said a second hearing in June would be about determining the standard for impeachment.

The grounds for impeachment listed in the Constitution are “treason, bribery or other high crimes and misdemeanors.”

Koskinen has declined an invitation to testify on Tuesday. He is accused of failing to comply with a congressional subpoena and misleading investigators. Republicans have said his inaction resulted in the destruction of thousands of key emails.

Up to now, impeachment has been used against two presidents, a cabinet secretary, a senator and 15 federal judges, according to the Congressional Research Service.

Zuckerberg under pressure to face EU lawmakers over data scandal

STRASBOURG ( ) – Facebook Inc’s Chief Executive Mark Zuckerberg came under pressure from EU lawmakers on Wednesday to come to Europe and shed light on the data breach involving Cambridge Analytica that affected nearly three million Europeans.

The world’s largest social network is under fire worldwide after information about nearly 87 million users wrongly ended up in the ha,夜上海论坛Nala,nds of the British political consultancy, a firm hired by Donald Trump for his 2016 U.S. presidential election campaign.

European Parliament President Antonio Tajani last week repeated his request to Zuckerberg to appear before the assembly, saying that sending a junior executive would not suffice.

In his letter to the Facebook CEO, Tajani said the company should bear in mind that lawmakers play a key role in crafting tough rules governing online tech giants.

“Let me also stress that one of the Parliament’s future priorities will be to reinforce the regulatory framework to ensure a well-functioning digital market with high level protection for our citizens,” he wrote.

EU Justice Commissioner Ve,上海夜生活服务Jackson,ra Jourova, who recently spoke to Facebook Chief Operating Officer Sheryl Sandberg, said Zuckerberg should heed the lawmakers’ call.

“This case is too importa上海夜网nt to treat as business as usual,” Jourova told an assembly of lawmakers.

“I advised Sheryl Sandberg that Zuckerberg should accept the invitation from the European Parliament. (EU digital chief Andrius) Ansip refers to the invitation as a measure of rebuilding trust,” she said.

Facebook did not respond to a request for comment. Zuckerberg fielded 10 hours of questions over two days from nearly 100 U.S. lawmakers last week and emer,上海夜网千花Barrett,ged largely unscathed. He will meet Ansip in San Francisco on Tuesday.

Another European lawmaker Sophia in’t Veld echoed the call from her colleagues, saying that the Facebook CEO should do them the same courtesy.

“I think Zuckerberg would be well advised to appear at the Parliament out of respect for Europeans,” she said.

Lawmaker Viviane Reding, the architect of the EU’s landmark privacy law which will come into effect on May 25, giving Europeans more control over their online data, said the right laws would bring back trust among users.

Hasbro blames Toys ‘R’ Us for poor first quarter

( ) – Hasbro Inc (HAS.O) reported worse than expected results for the first quarter on Monday, blaming the bankruptcy of Toys ‘R’ Us for a slide in revenue but also promising the worst would be over in the first half of 2018.

Shares of the company, initially hammered almost 8 percent lower by the poor profit and revenue numbers, recovered to trade about 2.2 percent higher at $84.6.

Managers said the impact of the collapse of one of its biggest retail customers would fall off in the second half of the year, promised growth in 2019 and gave projected operating margin figures for this year that impressed analysts.

“We anticipate the revenue impact will be most pronounced in the first half of the year with a lesser impact in the third and fourth quarters, including the important holiday season”, Chief Executive Officer Brian Goldner said.

Goldner said the U.S. liquidation of Toys ‘R’ Us is expected to conclude at the end of the second quarter, while plans for the retailer’s international stores remain uncertain.

D.A. Davidson analyst Linda Bolton Weiser said she was relieved to learn that the company did not expect further material expenses from the Toys R Us b,上海夜生活男人好去处Quay,ankruptcy.

Hasbro, which reported first quarter revenue that was nearly $100 million below forecast, said it is on track to meet its goal of generating $600 million to $700 million in operating cash flow this year.

The maker of beyblades expects an operating profit margin in line with 2017’s level of 15.6 percent this year, excluding the expenses associated with Toys ‘R’ Us and severance costs from commercial organization transformation.

The company, which has focused on getting media content to back their toys through their partnerships with Disney and Marvel, said it is supporting six major releases this year, including “Black Panther”, “Avengers: Infinity War”, and “Deadpool 2”.

Earlier, Hasbro reported profits that were a huge 23 cents a shares short of expectations, according to Thomson I/B/E/S, its first miss in at least two years.

The net loss attributable to the company was $112.5 million, or 90 cents per share, in the quarter ended April 1, compared with a profit of $68.6 million, or 54 cents per share, a year earlier.

The toy industry’s traditional player,上海夜生活服务Dallas,s have been undone in recent years by a shift towards thousands of rival, smaller producers selling on Amazon and other e-commerce sites as well as kids picking electronic games,上海夜生活桑拿会所Rae, over physical toys.

Mattel, which last week apppointed its fourth chief executive in three years ahead of first quarter上海夜生活 results this Thursday, also recovered ground after an initial drop in shares on Monday.

As Stanley Ho prepares to cash in his chips, an uncertain future…

HONG KONG ( ) – Macau’s oldest gambling company, SJM Holdings (0880.HK), is playing catch up as its rivals ride the wave of a gambling boom in the southern Chinese territory.

SJM, which is controlled by the family of Stanley Ho, is facing an unclear leadership future and the delayed opening of its planned $4.6 billion casino resort in Macau’s Cotai strip.

The departure of Ho, who is one of Asia’s richest men, once he retires as chairman of SJM on June 12, could spark a power struggle at the company, analysts say.

The flamboyant 96-year-old tycoon, one of Hong Kong’s best-known businessmen, has had four wives and 17 known children.

While he had stepped away from the day-to-day running of the company ov,上海凤楼夜网Barbara,er the past five years, his departure leaves a muddied succession plan, with the chairman’s office expanded to four people, including one of his daughters and his fourth wife.

His third wife will also become a director of the company, according to a statement released by the company in April.

“This complicated structure, in our view, leaves room for a potential power tussle within the board given the lack of clear control,” said DS Kim, an analyst at JP Morgan in Hong Kong.

SJM did not respond to requests for comment.

Ho, who has overseen the transformati上海夜网on of the once-sleepy Macau into the world’s biggest casino center, held a monopoly until 2002 when the former Portuguese colony licensed five other operators to run casinos.

SJM, which operates the fluorescent onion-shaped Casino Lisboa, has seen its market share erode from over 30 percent a few years ago to 15 percent currently. The compa,上海夜网邀请码Idaia,ny is rapidly losing out to rivals ahead of the opening of its new casino on the fast-growing Cotai strip.

The Grand Lisboa Palace casino is unlikely to open until late 2019, with some analysts even expecting an opening in 2020, when SJM’s casino license will expire.

Construction delays and government regulations have led to several delays from the original opening date this year.

SJM also competes in Macau against Melco Resorts MPEL.O, which is controlled by Ho’s son Lawrence Ho, and MGM China (2282.HK), in which his eldest daughter Pansy Ho is the co-chairperson.

There is also increasing competition from other Asian locales including the Philippines, South Korea, Cambodia and Singapore, which are all vying for wealthy Chinese spenders.

SJM’s new resort will feature hotels designed by Versace and Karl Lagerfeld, but the company has lagged in providing non-gaming facilities, which authorities have been demanding as a means for Macau to diversify away from gambling tables.

In 2011 Stanley Ho sued family members in a high-profile dynastic fight in which he sought to recover billions of assets after a share restructuring he said was done without his consent.

The dispute was settled after two months but gave an insight into the factious nature of Ho’s family and the lifestyle of one of Asia’s wealthiest families.

SJM’s shares have traded roughly flat since the announcement on April 12 with analysts stating their neutral stance on the stock.

“Instead of using Stanley Ho’s retirement as an impetus to make governance and management changes, the company has opted to further entrench the status quo,” said Vitaly Umansky, analyst at Sanford C. Bernstein in Hong Kong.

Under the management appointmen,上海夜哪里艳遇Hal,ts announced in April, SJM appointed Ho’s daughter Daisy Ho as chairman and executive director. Timothy Fok and Stanley Ho’s fourth wife, Angela Leong, have been appointed co-chairmen and executive directors.

Ambrose So, the current chief executive has been appointed vice-chairman and executive director. Ho’s third wife, Ina Chan, was appointed as an executive director.

Democrats Clinton, Sanders split nominating contests in Oregon,…

WASHINGTON ( ) – Democrat candidates Hillary Clinton and Bernie Sanders each picked up primary wins on Tuesday in yet another demonstration of how divided the party is in the drawn-out national race to win the nomination for November’s general election.

Clinton narrowly defeated Sanders in Kentucky, a state where she was not expected to win. Sanders bested her in Oregon, a state that played to his strengths.

In Kentucky, the two candidates will likely split the 55 delegates up for grabs. In Oregon, Sanders will take only a handful more of the 61 delegates that were awarded.

Clinton’s sizeable lead in delegates means it is likely she will eventually be her party’s nominee, but she remains more than 100 delegates short of sealing the deal. The Democratic primary now hits a two-week lull, with the final set major contests, including California, scheduled for June 7.

Clinton, who spent the past two days campaigning in Kentucky, would like to lock up the nomination and ,夜上海419龙凤论坛Ebba,turn her attention to the Nov. 8 general election and presumptive Republican nominee Donald Trump.

Trump has begun to organize his general election campaign. On Tuesday, he signed a joint fundraising agreement with the Republican National Committee. The agreement allows him to raise $449,400 from a single donor by splitting the funds between his campaign, the RNC and state Republican parties.

Trump, who eschewed donations in the political system through the primary, has thus far insisted on mostly self-funding his campaign. The shift to a more traditional fundraising approach could draw the ire of some supporters.

Trump, in an interview with Megyn Kelly that aired on Fox News Tuesday night, said he did have regrets about his actions during the Republican primary process.

“I could have used different language in a couple of instances, but overall I’m happy with the outcome,” Trump said.


Sanders supporters became angry when Nevada state party officials chose to end their convention and block efforts to award the U.S. senator from Vermont more delegates than he initially won in the February caucus. Clinton won the caucus.

The Nevada incident was a warning about the potential for fireworks at July’s Democratic National Convention in Philadelphia.

Clinton’s campaign continued to express confidence that she would be able to unify the party.

“Hillary Clinton is grateful to the thousands of Nevadans who came out to participate in the caucuses and convention process,” Clinton campaign manager Robby Mook said.

“She believes every voice should be heard and no one should be intimidated, harassed or threatened in this process. When the primary process is complete, our party must come together and ensure a上海夜生活网 Democrat is elected to serve as our next president,” Mook said.

Sanders on Tuesday joined his supporters in criticizing the Nevada Democratic Party after Saturday’s events.

One Sanders supporter threw a chair, unhappy about being blocked in a rules vote that was part of the effort to help the senator win more delegates to the national convention. Others drew chalk graffiti on a party building, while the state’s party chairwoman has been receiving death threats.

Sanders framed Nevada’s incident as a warning.

“If the Democratic Party is to be successful in November, it is imperative that all state parties treat our campaign supporters with fairness and the respect that they have earned,” Sanders said in a statement on the Nevada incident.

Sanders – who said he condemns violence and personal harassment of individuals – leveled some of the same complaints his supporters did, arguing that state party Chairwoman Roberta Lange did not allow a headcount on a disputed rules change. He also argued that 64 delegates to the state convention were not given a hearing before being ruled ineligible.


The state party disputed the Sanders campaign’s interpretation of the events. It said some delegates did not show up at the convention and others were disqualified because they were not registered as Democrats in time.

“The Sanders campaign ,上海晚上耍女人的地方Balthazar,is continuing to be dishonest about what happened Saturday and is failing to adequately denounce the threats of violence of his supporters,” the Nevada Democratic Party said in a statement.

Sanders supporters began circulating a picture of Lange on the internet that included her cellphone number and encouraged others to contact her to express the,上海夜生活网419Barrett,ir unhappiness.

Lange said on MSNBC she had been receiving death threats, including many containing vulgar language. Public messages sent to her Twitter account included a barrage of derogatory statements.

MSNBC played some of the voicemails, including one saying “people like you should be hung in a public execution.”

“What you heard is a few of the thousands of emails and texts and Facebook messages and Twitter messages that I’ve gotten,” Lange said on MSNBC. “Threats to my family, to my grandson, to my husband.

Sanders’ continued presence in the race is prompting concerns among Clinton allies that he will damage her ability to take on Trump and hurt her in the fall.

But Sanders supporters shrug off that worry, arguing that Trump is such a flawed candidate that Clinton will easily dispatch with him if she faces him in the Nov. 8 election.

Clinton’s camp seems to agree.

“Ultimately, we are confident that the passion and energy from the primary will be united in a common purpose — to move forward the ideals of our party and keep the White House out of Donald Trump’s hands,” her campaign manager Mook said.

Wall Street gains on strong earnings, tech resurgence

NEW YORK ( ) – U.S. stocks advanced on Thursday with each of Wall Street’s major indexes ending the session up 1 percent or higher, boosted by solid earnings results and a rebound in technology stocks as U.S. bond yields pulled back.

The tech-heavy Nasdaq snapped a five-day losing streak while the S&P technology index booked its first up day in six sessions.

Facebook surged 9.1 percent after posting an impressive earni,上海夜生活服务Fabian,ngs beat, which appeared to calm worries about the fallout from its use of consumer data.

Chipmakers Advanced Micro Devices Inc and Qualcomm Inc rose 13.7 percent and 1.4 percent, respectively, after quarterly results beat Wall Street esti,上海夜网推油Tabitha,mates and alleviated worries over softening smartphone demand.

Their advances helped lift the Philadelphia Semiconductor index 2.1 percent, breaking its six-day losing streak and at the close of its best day in three weeks.

“Earnings continue to be better than expected and you have many of the geopolitical concerns like trade wars put on the back burner temporarily. And the commentary has been good,” said Channing Smith, managing principal at Jackson Hole Capital Partners in Tulsa, Oklahoma.

“It’s a tug-of-war market where you’ve concerns about the 10-year (Treasury bond) yield rising and inflation expectations rising and geopolitical concerns and the tariff concerns against the best earnings we’ve seen in years,” said Smith.

The yield on U.S. 10-year Treasuries closed below the 3 percent level as buyers emerged following a sell-off fueled by worries over growing U.S. debt issuance and rising costs.

The Dow Jones Industrial Average rose 238.51 points, or 0.99 percent, to 24,322.34, the S&P 500 gained 27.54 points, or 1.04 percent, to 2,666.94 and the Nasdaq Composite added 114.94 points, or 1.64 percent, to 7,118.68.

So far, 45 percent of S&P 500 companies have reported first-quarter earnings, with 79.7 percent beating consensus estimates. Analysts see 23.1 percent earnings growth for the quarter, based on a blend of actual and estimated results.

Amazon.com Inc shares jumped more than 6 percent in after-market trading after the online retailer reported a 43 percent surge in first-quarter rev,上海夜生活乌托邦Kai,enue.

General Motors Co edged up 0.4 percent after the automaker reported a production drop of its high-margin pickup trucks, despite posting higher-than-expected profit.

United Parcel Service Inc shares rose 4.3 percent after the world’s largest package delivery company defied cost and weather headwinds to post higher first-quarter profit and strong volumes.

Visa Inc also helped lift the tech sector, advancing 4.8 percent following the payments network’s better-than-expected profit and earnings forecast raise.

AT&T Inc shares slumped 6.0 percent. It reported a loss of subscribers from its pay TV business.

Union Pacific Corp shares fell 2.9 percent. The No. 1 U.S. railroad operator cautioned on a key operating metric, helping send the Dow Jones Transportation Average down 0.9 percent.

In economic news, new orders for durable goods unexpectedly dropped in March as demand for machinery registered its bigge上海夜生活论坛st decline in more than two years, according to the Commerce Department. However, the Labor Department reported initial claims for unemployment fell to their lowest level since 1969, suggesting the labor market is at or near full employment.

Advancing issues outnumbered declining ones on the NYSE by a 2.26-to-1 ratio; on Nasdaq, a 2.06-to-1 ratio favored advancers.

Volume on U.S. exchanges was 6.74 billion shares, compared with the 6.67 billion-share average for the full session over the last 20 trading days.

Japan, South Korea to set up direct line between defense ministers

SINGAPORE ( ) – Japanese Defence Minister Gen Nakatani said on Saturday that Japan and South Korea agreed to expand an emergency communication syste,上海夜生活网交流Idaline,m between their defense ministries, including adding a new direct line between defense ministers.

Tensions have been high in the region since early January when North Korea conducted its fourth nuclear test. It has followed that with a satellite launch and tests of various missiles, most recently a failed launch on Tuesday.

“What it means is that we will make use of phones for emergency communication, when security-related emergencies such as a missile launch occur, and communication and coordination between the defense authorities of the two countries are needed,” Nakatani told reporters at the Shangri-La Dialogue, a regional security forum in Singapore.

He said such emergency phone lines would be expanded to include a new direct link between the two countries’ defense ministers.

Nakatani said talks would continue on sharing and safeguarding sensitive information on Pyongyang’s missile and nuclear programs.

Under the framework, South Korea would pass relevant information to the United States, with which Seoul already has a legally-binding pact to share and safeguard intelligence called General Security of Military Information Agreement (GSOMIA). The United States would then pass the information on to Japan.

It would work similarly the other way around since the United States has also signed a GSOMIA with Japan.

Some South Kor,上海夜网推油Nala,eans have voiced concerns about signing a security pact with Japan, their one-time colonial rul,上海夜网Quaid,er.

Besides historical issues stemming from Japan’s an上海夜网nexation of the Korean peninsula that ended in 1945, ties have been chilled by a long-running territorial dispute over a group of tiny islets.

Insurers hit shift button despite Brexit grace period

LONDON ( ) – Lloyd’s of London, AIG, Allianz and other insurers are ignoring assurances and establishing new hubs in Britain and the European Union before Brexit in March 2019 to ensure access to customers.

The moves come despite a “standstill” transition agreement struck between Britain and the European Union in March of this year which is meant to avoid any such hasty relocations.

“We have urged firms not to wait for and rely on a political process to deliver the answers. This is particularly true of relocation plans, which take two years or more to complete,” Hugh Savill, of the Association of British Insurers, said.

Insurers are being driven by the fact that after Brexit, European firms selling policies in Britain, as well as British and other non-European Union insurers with UK bases selling into Europe, will need to have local regulated entities.

Many contacted by have said they are starting to implement the second phase of their Brexit plans – submitting licence applications, hiring staff and shifting policies.

“We are prepared for a hard Brexit,” said Joachim Wenning, chief executive of Germany’s Munich Re, the world’s biggest reinsurer, which has applied for UK licences.

Such planning has been encouraged by EU regulators who say transition will not be ratified until October and could be derailed without agreement on other parts ,上海021夜网Tabitha,of Britain’s divorce.

“I don’t think there is any going back,” Paul Merrey, a partner specialising in insuranc,上海夜网推油Earl,e at consultants KPMG, said.

American insurer AIG said it will open new subsidiaries in Britain and Luxembourg by December, and has begun moving policies from one jurisdiction to another.

Meanwhile, Japanese insurer Sompo’s international unit last week received approval for its Luxembourg subsidiary, which it said would start operating before the end of the year.

Even Lloyd’s of London, the world’s largest commercial insurance market which is synonymous with the capital’s financial centre, will have its new Brussels subsidiary ready by January for the policy renewal season kick-off.

“Companies must take their futures into their own hands, and Lloyd’s is no different,” its Chief Executive Inga Beale said, while Lloyd’s market operator CNA Hardy’s CEO Dave Brosnan said it is obtaining a licence for a Luxembourg subsidiary.


The Bank of England says that transition, which is meant to give financial firms breathing space until the end of 2020, can be relied on immediately so that EU insurers do not have to seek reauthorisation for UK operations by next March.

It has also eased the rules for deciding if operations of insurers from outside Britain can continue as branches or must convert into subsidiaries with their own capital, an expensive process which only a small number face.

The BoE says UK and EU legislation is needed to ensure 10 million British policyholders with 27 billion pounds in liabilities and 38 million European Economic Area policyholders with 55 billion pounds of liabilities are not hit.

Swiss insurer Zurich is talking to UK regulators about the licence for its general insurance business, which has its EU headquarters in Dublin. Its UK CEO Tulsi Naidu said she welcomed the Bank of England and UK government’s stance, in “providing early certainty for in-bound branches”.

Germany’s Allianz (ALVG.DE) also told it was applying for a branch licence for one of its units in Britain and after requests from brokers, Munich Re said it applied in March for UK licences as well, at a cost of “low double-digit million figure”.

Insurers are also moving policies from London to new EU hubs, to ensure that customers can still pay premiums and receive payouts on cross-border contracts after Brexit Day. One-year policies taken out after March 29 this year are at risk.


Insurers may be implementing Brexit plans, but staff moves are so far modest, far fewer than the several thousand banking jobs expected to shift, ,上海夜生活论坛Jackson,according to a survey.

Thirteen insurers who gave details of job numbers in the survey in March said a total of 173 jobs would be created in or moved to the EU, mainly in Dublin and Luxembourg.

The BoE said in response to a Freedom of Information request from that it had received contingency plans from 170 insurers regulated by its Prudential Regulation Authority and 519 such responses from European Economic Area insurance firms and their home state regulators.

A lack of clarity on future trading links after transition is also hastening insurers’ Brexit moves.

While Britain wants a bespoke trade agreement based on “mutual recognition”, the bloc is pushing its existing system of market access for “third countries”, or non-EU members.

“We are working under the a上海夜网ssumption that Britain will be a normal third country in the future,” Wenning said.