James Bond movie gets a title – ‘No Time to Die’

LOS ANGELES (Reuters) – The new James Bond film finally has a title – “No Time to Die” – and an April 2020 release date, producers announced on Tuesday.

“Daniel Craig returns as James Bond, 007 in… NO TIME TO DIE. Out in the UK on 3 April 2020 and 8 April 2020 in the US,” according to a brief posting on the official 007 Twitter account.

Filming for the new movie, previously known only as Bond 25, got under way in Jamaica in April when producers announced that Oscar winner Rami Malek will play the villain in latest entry in lucrative British spy franchise.

Craig confirmed in 2017 that he would return for a fifth time as secret agent 007.

Producers said on Tuesday that the new film would see Bond enjoying a tranquil life in Jamaica after leaving active service before an old friend, Felix Leiter, from the CIA turns up asking for help.

Bond embarks on a mission to rescue a kidnapped scientist, which puts him on the trail of a mysterious villain armed with dangerous new technology, they added.

“No Time to Die” was initially expected to arrive in movie theaters in November 2019 but that date was pushed back to 2020 after Britain’s Danny Boyle pulled out as director and was replaced by American Cary Joji Fukunaga.

The film is also being shot in London, Italy and Norway and actors reprising their roles will include Ralph Fiennes as M, Naomie Harris as Moneypenny and Ben Whishaw as Q.

The Bond franchise is one of the movie world’s most lucrative with 2015’s “Spectre” raking in $ 880 million at the box office worldwide, while “Skyfall” in 2012 grossed more than $ 1 billion globally.

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BlackRock’s Bet on Argentina’s Century Bond Gets Battered by Sell-Off

(Bloomberg) — BlackRock Inc (NYSE:).’s wager on Argentine debt maturing 98 years from now suffered a blow this week as the notes sank to a record.

The century bonds, sold in 2017, tumbled 29% this week, even after gaining on Thursday and Friday. That’s a big loss for the largest reported holders, which include BlackRock, Royal Bank of Canada, Legg Mason Inc (NYSE:). and Northwestern Mutual Life Insurance Co., according to data compiled by Bloomberg.

A spokeswoman at BlackRock, the biggest reported holder, declined to comment. Representatives at RBC, Legg Mason and Northwestern Mutual didn’t respond to requests for comment.

One silver lining, naturally, is that investors have almost a century for prices to recover. Yet a lot can happen before then. Concern that opposition candidate Alberto Fernandez could return populist policies to Argentina led to a surge in the cost to protect the bonds against losses, now implying an 80% probability of default in the next five years, data compiled by Bloomberg show.

“Lending money to Argentina for 100 years at 7% gets you a gold-plated ticket to the funny farm,” said Jim Craige, the head of emerging markets at New York-based Stone Harbor Investment Partners, who holds the nation’s debt but not the century bonds.

An actuarial table created by one legal expert estimated that Argentina would have to restructure the century bond eight times before maturity, according to Hans Humes, chief executive officer of New York-based Greylock Capital and co-chair of a creditor committee during the nation’s last debt crisis.

Mauricio Macri’s government sold the 100-year bonds in June 2017, trumpeting the arrival of an administration packed with Wall Street veterans who could transform a serial defaulter into an island of financial stability.

That optimism didn’t last long. The notes tumbled in the first half of 2018 amid a sell-off in the peso and declining economic activity. The bonds came back into vogue in recent months as a record stockpile of negative-yielding notes pushed investors into riskier securities. Macri’s shocking defeat in Sunday’s primary turned the tide once more.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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South Africa’s Kganyago Sues After SARB Battle Gets Personal

© Reuters.  South Africa’s Kganyago Sues After SARB Battle Gets Personal © Reuters. South Africa’s Kganyago Sues After SARB Battle Gets Personal

(Bloomberg) — Less than a week since vowed to go to war to protect the independence of the South African Reserve Bank, Governor Lesetja Kganyago has approached the courts to protect his name after a racial slur from a ruling party official.

Kganyago is suing Andile Lungisa, a municipal councilor for the African National Congress, for defamation for a posting on Twitter about the governor’s defense of the central bank’s mandate. Lungisa on Tuesday posted the first page of the summons that was served on him.

This is not the first time Kganyago has gone to the courts for resolve a dispute, but the previous occasion it was on behalf of the central bank.

He successfully fought off a proposal by the nation’s anti-graft ombudsman two years ago to change the institution’s inflation-targeting mandate. The nation’s top court found Public Protector Busisiwe Mkhwebane to be personally liable for 15% of the central bank’s legal costs in that case.

Lungisa’s series of Tweets in June began as support for the ANC’s proposal to nationalize the Reserve Bank, before targeting Kganyago. He described the governor as “a lackey of racist people” and used a highly offensive racial slur, according to the court documents.

Reserve Bank spokeswoman Thoraya Pandy confirmed the legal action when contacted by phone and said the matter was now in the hands of the court.

‘Trojan Horse’

The governor has said the debate about the ownership of the central bank is a distraction from the real problems facing the economy and that it could be used as “Trojan horse” for another attempt to change the mandate. He told reporters at a lunch in Johannesburg last week he would “go to war” if the constitutionally enshrined independence of the central bank is threatened.

The spat also highlights the racial tensions that still exist in South Africa 25 years after the end of white minority rule, and the extent to which race is often used as weapon in public discourse.

Lungisa is currently out on bail pending an appeal of a conviction for assault after he smashed a glass water jug over the head of a Democratic Alliance councilor during a meeting in the Nelson Mandela Bay municipality in 2016, Johannesburg-based Business Day reported on Tuesday. The newspaper first reported on the summons that was served on Lungisa.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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‘Four Weddings’ gets a reboot, without the floppy-haired British guy

By Jill Serjeant

LOS ANGELES (Reuters) – Imagine “Four Weddings and a Funeral” without Hugh Grant?

That was the challenge for the makers of a new TV series that puts a 21st-century twist on the 1994 British romantic comedy that made the fumbling, quintessentially English Grant an international star.

So they decided to center the 10-episode series for Hulu on American characters with British connections and chose a multiracial cast.

“One thing I didn’t want to do was have a floppy-haired British guy,” series co-creator Mindy Kaling said, referring to Grant.

“There are other ways of being really sexy,” Kaling told reporters on Friday at a Television Critics Association meeting.

The TV series, also called “Four Weddings and a Funeral” will launch on Hulu on July 31.

Kaling, best known as a co-star and a writer on the U.S. version of “The Office,” said that re-imagining the beloved British film was daunting.

“It’s terrifying, because we all love the movie so much,” said Kaling, also known for creating and starring in “The Mindy Project.”

Then the idea for a number of “gentle subversions” came to her, including depicting “a love story between an African-American woman and a British-Pakistani guy.”

In addition, she said she had never seen a film “where a British-Pakistani and an African-American are best friends at work – and they work in finance,” she added.

“The fact that the characters do not seem to have these racial boundaries. … was really refreshing,” said Kaling, an American of South Asian heritage.

The “Four Weddings and a Funeral” movie followed the ups and downs of an all-white group of close British friends as they search for, miss out on, and lose love. It brought Grant a Golden Globe and launched a series of romantic comedies written by Richard Curtis.

The Hulu TV series was shot in London with the cooperation of Curtis. It also incorporates nods to famous scenes from other Curtis movies, including “Love Actually” and “Notting Hill,” both of which starred Grant.

Andie MacDowell, who starred in the original film, also makes an appearance in the Hulu series – this time as the overbearing Texan mother of one of the posh British women.

“We just wanted to fill the show with Curtis film moments,” said Tracey Wigfield, one of the executive producers.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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“El Chapo” gets life in prison after claiming “mental torture” in confinement

Mexican drug kingpin Joaquín Guzmán, better known as “El Chapo,” was sentenced to life plus 30 years in prison by a federal judge in Brooklyn Wednesday. Guzmán was convicted in February on murder conspiracy and drug charges.

Guzman’s long tenure as head of the Sinaloa cartel in Mexico is filled with details only seen in Hollywood movies: gangland-style murders, massive political bribes, diamond-encrusted guns, and clandestine escapes from prison through underground tunnels. Through it all, Guzman built a billion-dollar criminal enterprise trafficking heroin, cocaine, marijuana and synthetic fentanyl into the United States. 

Guzman, 62, spoke at his sentencing on Wednesday. According to Reuters, speaking through a translator, Guzman called his confinement in the United States “psychological, emotional, mental torture 24 hours a day.”  He said U.S. District Judge Brian Cogan failed to thoroughly investigate claims of juror misconduct

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“My case was stained and you denied me a fair trial when the whole world was watching,” Guzman said. “When I was extradited to the United States, I expected to have a fair trial, but what happened was exactly the opposite.”

In February, U.S. Attorney for the Eastern District of New York, Richard Donoghue, said he expected a sentence of life in prison without the possibility of parole.

“It is a sentence from which there is no escape and no return,” Donoghue said. “His conviction is a victory for the American people who have suffered so long and so much while Guzman made billions pouring poison over our southern border.”

Guzman is expected to be sent to United States Penitentiary Florence, a SuperMax prison in Colorado, reports CBS News’ Cassandra Gauthier and CBS News senior investigative producer Pat Milton.

Standing outside the Federal Courthouse in Brooklyn, New York, on Wednesday, Guzman’s attorney Jeffrey Lichtman blasted the verdict. 

“History will treat this verdict with skepticism.” Lichtman said. “This case was simply an inquisition. It was a show trial. With how it ended was absolutely perfect for that description.” 

“I’m not here to tell you Joaquín Guzmán was as saint,” he said. “All we asked for was a fair trial. If you don’t give a fair trial to Joaquín Guzmán, what happens to the guy off the street who is tried for tax evasion?”

Lichtman claimed “up to five jurors have broken the law” when they were judging Guzmán’s crimes. He said government witnesses got “sweetheart deals” for testifying against Guzmán, and described Judge Cogan’s opinion as a “quickly, written and canned 43 page opinion.” 

Guzman’s attorneys said they will be appealing the guilty verdict. 

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Forex – Dollar Gets Boost From Growth-Friendly U.S. Economic Data

© Reuters. © Reuters.

Investing.com – The U.S. dollar rose against its rivals Thursday as stronger-than-expected wholesale inflation and jobless claims data helped ease investor concerns about a Federal Reserve interest-rate cut.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.27% to 96.82.

The Labor Department said on Tuesday its for final demand increased 0.3% last month, above economists’ forecasts for a 0.2% increase. In the 12 months through March, the core PPI rose 2.4%.

It also reported that dropped by 8,000 to a seasonally adjusted 196,000 for the week ended April 7, confounding expectations for a rise.

“The (jobless claims) data add to the evidence that the trend in employment growth has not slowed significantly,” HFE said in a note.

The duo of reports come a day after the Federal Reserve’s minutes from its March meeting indicated that a “majority” of Fed policymakers expected the central bank to hold off on rate hikes for the remainder of the year.

The rate-sensitive rose 0.53% to Y111.59 as the stronger U.S. economic data lifted the yield to 2.504% from 2.477% on Thursday, boosting the greenback.

fell 0.19% as sterling shrugged off the EU’s decision to grant a delay to Brexit.

The Brexit deadline was extended from April 12 until October 31 to allow U.K. Prime Minister Theresa May more time to get her Brexit deal through parliament.

fell 0.15% to $ 1.1257 as the single currency struggled to hold gains in the wake of the European Central Bank’s dovish monetary policy update on Wednesday.

rose 0.42% to C$ 1.3374 as falling oil prices weighed on the loonie.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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George H.W. Bush’s former service dog Sully gets new role

Former President George H.W. Bush‘s service dog Sully captured the hearts of the nation last winter when a photo of him laying beside the late president’s flag-draped casket went viral. Now, the dedicated yellow Labrador has a new way to serve his country.

The two-year-old pup began his new job as a member of the Walter Reed National Military Medical Center’s facility dog program on Wednesday. During the ceremony that was live streamed on Facebook from Bethesda, Maryland, Sully took a personalized oath of enlistment as service members and dogs in the program looked on. 

“Do you affirm or pant as a hospital corpsman in the United States Navy that you will support, comfort and cheer warriors and their families, active duty and retired?” asked a service member during the ceremony. “That you embrace our staff and bear unconditional love and solace, especially on busy days? That you take this obligation freely, without any promise of treats or tummy rubs and that you will faithfully discharge the duties to provide joy, love and nurturing for our soldiers, sailors, airmen, Marines, and sailors and their families?”

Sully gave a paw-shake as a resounding yes and was then appointed as a U.S. Navy Hospital Corpsman, second class. He even received a new “military uniform,” a vest to signify he is a member of the facility’s dog team.

The now-petty officer pup’s Instagram account posted a photo of the ceremony with a caption honoring his former owner, Mr. Bush: “It’s an honor and privilege to join a wonderful group of dogs at @WRNMMC and I look forward to continue my mission to serve veterans as my best friend wanted me to.” 

Sully was trained by the charity America’s VetDogs, a nonprofit that provides veterans, active service members and first responders who have disabilities a service dog for free, according to its website. The dogs are trained to help their owners cope with various disabilities that range from blindness to PTSD.

The skilled dog joined the Bush family in June, shortly after Mr. Bush’s 94th birthday. John Miller, the CEO of America’s VetDogs, told CBS News that the pair were a perfect match. “I think it was Sully’s old soul, so to speak, that really won him over with the president,” said Miller.  

Sully is named after Chesley “Sully” Sullenberger III, the airline pilot who was heralded as a hero after he landed a plane on the Hudson River in 2009, saving everyone on board. The incident came to be dubbed “the Miracle on the Hudson.”

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U.S. – CBSNews.com

Financial Times on a new financial indicator (use it before its gets regulated)

The FT post on ‘Why online propaganda mobs are an investment red flag’ (in reference to financial markets, not politics).

The article is quite long, but well worth reading in full if you can access it (link here, FT is gated). 

It notes the tactics used by ‘online mobs’ to discredit valid arguments (thus making them transparent to informed investors), using Tesla and Ripple as examples. It concludes (this is the gist of it):

  • it’s arguably not in anyone’s interests to over-regulate such mobs or deprive them of their right to misinform. Instead, their very presence should be considered a financial indicator. A good investment can withstand scrutiny and do so without needing to draw on the services of online cheerleaders. But a brigading mob on social media promoting a venture or a scheme is a clear-cut sign of its inability to gain traction on merits alone. 
  • If and when corporate executives understand this, online propaganda mobs will become corporate liabilities that they themselves will want to regulate and tone down.

 

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Risk remains pressured as trade truce gets dealt a blow

The arrest of Huawei founder’s daughter is a bad sign for US-China relations


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If you weren’t already on the skeptical side of things with regards to the US-China trade truce, surely the Huawei headlines overnight will cause you to rethink otherwise. If it hasn’t, here’s why it should.

There’s a reason why risk assets have turned sour following the news there and it’s because this is quite a serious blow to US-China relations and more so for the trade truce that was struck over the weekend.

It is more to do with the symbolic nature of the arrest rather than the arrest itself in this case. As US and China are seeking to resolve matters via dialogue, especially on issues like IP theft and trade, the timing of this is rather poignant.

It’s a major step back and China will not let this go easily. There’s a growing sense of nationalism that is arising out of China these days, not helped of course by stuff like what Dolce & Gabbana did last month. And the fact that Dolce & Gabbana had to eventually apologise after the massive public uproar will only keep the fire burning when it comes to matters like this.

Yes, these are very much two separate issues but it doesn’t take away from the fact that China will always put their interests first no matter what the situation is. And this will be no different to that.

If the US does decide to pursue a trial on this, you can believe that this will do more harm than it does help relations with China. And that is why markets are taking in the news rather poorly.

E-minis are down by 1.3% on the day and Asian equities are being battered with the Hang Seng index nearly 3% down now. Meanwhile, the yen remains bid while commodity currencies are bearing the brunt as Treasury yields are also falling further after a brief pause in trading yesterday.

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Athletics: Kenyan medalist Bett gets four-year doping ban

Athletics: Kenyan medalist Bett gets four-year doping ban Athletics: Kenyan medalist Bett gets four-year doping ban

(Reuters) – Kenyan world 800 meters bronze medalist Kipyegon Bett has been handed a four-year ban for doping, the IAAF Athletics Integrity Unit said in a statement on Friday.

Bett, 20, refused to allow a urine sample to be taken in February and then in July, when a sample was taken, he tested positive for the prohibited substance Erythropoeitin (EPO), an endurance-boosting hormone, the integrity unit said.

Unless he appeals, Bett will be suspended until August 2022.

The AIU handles integrity and doping issues for the International Association of Athletics Federations (IAAF).

Bett is the latest Kenyan to fail a drugs test. A World Anti-Doping Agency (WADA) report said between 2004 and Aug. 1, 2018, as many as 138 athletes from the east African nation tested positive for banned substances, 113 in competition.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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