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Yahoo News - Latest News & Headlines

Pound Drops from 8-Month High as Tory Lead Shrinks in Key Poll
(Bloomberg) -- The pound fell from an eight-month high after a poll that successfully predicted the 2017 vote suggested the Conservative party will win a smaller majority than earlier predicted in Thursday’s election.Sterling slid as much as 0.4% after the YouGov poll indicated Prime Minister Boris Johnson’s party will gain a majority of 28, compared with 68 projected two weeks ago. Currency markets were already jittery ahead of a number of risk events in coming days including the election, a Federal Reserve decision and a deadline for more U.S. tariffs on China.The poll’s result “infuses more uncertainty” into how Brexit will play out, said Vishnu Varathan, head of economics and strategy at Mizuho Bank Ltd. in Singapore. “Also the timing of this just heading into FOMC -- where the Fed may appear more stoic -- incentivizes pound longs to lock in some profits.”The pound slipped as much as 0.4% to $1.3108 after having climbed to $1.3215 on Tuesday, the highest level since March 27. Sterling has still strengthened almost 10% from this year’s low set in September. It traded at $1.3133 as of 10:29 a.m. in Singapore.The Tories will win 339 of the 650 seats in the House of Commons, Labour 231, the Scottish National Party 41, according to the YouGov forecast published late on Tuesday. The research used a technique that more closely predicted the result of the U.K.’s previous election in 2017 than other standard surveys.Johnson called for an early election in an attempt to win a majority so he can force his Brexit deal into law. On Tuesday, he said: “This is a very, very close-fought election, and we need every vote.”\--With assistance from Vivien Lou Chen.To contact the reporters on this story: Charlotte Ryan in London at cryan147@bloomberg.net;Ruth Carson in Singapore at rliew6@bloomberg.netTo contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Nicholas ReynoldsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Corruption allegations long dogged ex-Mexico security chief
Mexico's former security chief was dogged by so many allegations of corruption and wrongdoing for so long that some said it was only a matter of time before he would be arrested. What amazed some was that it took so long, and that Genaro García Luna’s arrest this week came on U.S. soil rather than in Mexico. García Luna, 51, who left the security post nearly a decade ago, was charged in federal court in New York with three counts of trafficking cocaine and one count of making false statements.

Trump meets with Russian foreign minister amid impeachment chaos
White House said Trump warned Sergei Lavrov against Russian attempts to interfere in US elections, a claim Lavrov deniedDonald Trump held a closed-door meeting with the Russian foreign minister, Sergei Lavrov, at the White House on Tuesday, but the two men gave diverging accounts of what was discussed, on a day articles of impeachment were announced against the US president.The last time Lavrov visited the White House, in May 2017, Trump was reported to have disclosed highly classified information to him about US intelligence-sharing arrangements.On this occasion, the press were barred from the meeting, and were handed a White House statement saying, that among other topics: “President Trump warned against any Russian attempts to interfere in United States elections.”Asked about the statement at a press conference in the Russian embassy later the same afternoon, Lavrov claimed: “No we haven’t even actually discussed elections.”On being challenged again about the White House statement, Lavrov contradicted himself but insisted that he had brought up the subject, complaining to Trump about remarks the same day by the US secretary of state, Mike Pompeo, and offering to publish US-Russian correspondence on the issue from the last months of the Obama administration.“I told him that the secretary of state mentioned that publicly,” Lavrov said, through an official translator. “And in response I have publicly reminded that we have offered the current administration to publish the correspondence in the channel that was specially established to warn about cyber threats – the correspondence that happened between Moscow and Washington between October 2016 and January 2017.”The Russian foreign minister added: “That correspondence will show that we were prepared to cooperate on any issue that had to do with the US suspicions about our interference in elections, but the Obama administration rejected that vehemently.”US intelligence agencies have alleged that Russia interfered extensively in the 2016 presidential election, seeking to tilt the balance towards Trump. The president and his followers have sought to play down that finding and promote claims that Ukraine interfered on behalf of Trump’s opponent, Hillary Clinton. US intelligence found no evidence of systematic Ukrainian interference.On Tuesday, Democratic leaders in the House of Representatives unveiled articles of impeachment against Trump for abusing the office of the presidency in his bid to persuade Ukraine to announce an investigation into the 2016 Ukraine claims, in a bid to give them credence, and another enquiry into other political opponent, Joe Biden. Trump was also accused of obstruction of Congress, but Democrats decided against bringing an article of impeachment related to his relations with Moscow.Earlier on Tuesday, Lavrov publicly disagreed with Pompeo about Russian election meddling.“On the question of interference in our domestic affairs, I was clear it’s unacceptable, and I made our expectations of Russia clear,” Pompeo said. “The Trump administration will always work to protect the integrity of our elections, period. Should Russia or any foreign actor take steps to undermine our democratic processes, we will take action in response.”Lavrov rejected the accusation, calling it baseless.“There are no facts that would support that. We did not see these facts. No one has given us this proof because, simply, it does not exist,” Trump said.It is not clear what correspondence between the Obama administration and the Kremlin, that Lavrov said Russia wants to publish, would prove. Barack Obama said he personally confronted Vladimir Putin on Russian meddling in the US election, telling him to “cut it out”.It was also unclear why the Trump administration had invited Lavrov to Washington at the height of the impeachment scandal. Both US officials and Lavrov insisted that it was coincident the Russian foreign minister was in town at the same time the articles of impeachment were announced.Pompeo said there would be news of expanded trade between the countries announced soon, but there was disagreement over the future of the Ukraine, and whether the last arms control treaty between the two countries, New Start, should be extended. Putin has said he is ready to agree to an extension of five years or less. Trump and Pompeo both insisted that any future arms control arrangements should include China, a proposal Beijing has rejected because the size of its arsenal is much smaller.

Yahoo Sports
Yahoo! Sports - News, Scores, Standings, Rumors, Fantasy Games

Safety hazard: Morant has an issue with NBA
Ja Morant hurt his back after a collision with a baseline camera operator, and the Grizzlies rookie thinks something needs to change.

Watch Amanda Nunes lay out Holly Holm with a head kick (UFC 245 free fight)
Widely regarded as the top female fighter in the world, UFC double-champ Amanda Nunes is gearing up for the next defense of her bantamweight belt when she faces Germaine de Randamie at UFC 245 on Dec. 14 in Las Vegas. Ahead of UFC 245, take a look back at Nunes's show-stopping knockout of Holly Holm at UFC 239 in July 2019. Nunes vs. de Randamie is part of a tripleheader championship bill that headlines UFC 245.

'Now it is turning personal': Patrick Reed hits back after Presidents Cup opponents' 'cheating' accusations
Who says the Presidents Cup is a pathetic copy of the Ryder Cup because it does not have any needle? This week it certainly has an edge with Patrick Reed telling his International opponents that they have made the match “personal” after accusing him of “cheating”. While the game expected the spotlight to shine almost exclusively on Tiger Woods at Royal Melbourne - as the 15-time major winner experiences his first taste of US captaincy - instead it is the man who likes to refer to himself as “Captain America” who has monopolised the build-up.

Yahoo News - Latest News & Headlines
Yahoo News - Latest News & Headlines

GOL Announces Change in Shareholding Ownership
GOL Linhas Aéreas Inteligentes S.A. ("GOL Airlines" or "GOL") (NYSE: GOL and B3: GOLL4), Brazil's largest domestic airline, pursuant to Article 12 of CVM Rule 358 of January 3, 2002, as amended, hereby informs its shareholders and the market in general that it has received a correspondence from its shareholder Delta Air Lines, Inc ("Delta"), dated December 10, 2019, informing that they have disposed, through negotiations in trading sessions of the B3 S.A. – Brasil Bolsa Balcão in the past few days, 32,926,025 preferred shares issued by the Company, which represented more than 5% of the referred type of shares, and remained with 0 preferred shares issued by the Company. Delta informed that: (i) it is a corporation duly organized and existing under the laws of the State of Delaware, the United States of America, and headquartered at 1030 Delta Boulevard, Atlanta Georgia 30354, U.S.A.; (ii) the aforementioned shareholding was held strictly for investment purposes, and Delta had no intention of altering the control of the administrative structure of GOL; (iii) other than the shares sold, Delta does not hold any other securities or derivatives in connection with or referred to shares of GOL; and (iv) Delta has not entered into any contracts or agreements regulating the exercise of voting rights or the purchase or sale of securities of GOL. The entire correspondence is attached herein. The original correspondence is available at the following link: www.voegol.com.br/ir.

Credit Crisis Is Easing for India’s Safest Corporate Borrowers
(Bloomberg) -- India’s credit crisis appears to be winding down for the safest borrowers, but it’s hardly time to celebrate as weaker firms still struggle.Policy makers have been fighting to prevent debt markets from seizing up since the shock collapse of shadow bank IL&FS Group last year. They can take some cheer in this: spreads on top-rated corporate bonds have dropped back near where they were when the crisis began in September last year.Much work remains to be done. Lower-rated companies are still struggling with a cash squeeze and rising borrowing costs. Economic growth slowed to 4.5% last quarter, the weakest in more than six years. Corporate financial health has deteriorated to the worst in at least seven years, according to a Care Ratings index.A series of defaults are keeping investors on edge, said Anil Gupta, a vice-president at Mumbai-based credit rater ICRA Ltd.The cash squeeze in the nation’s shadow banking industry, which lends to everyone from street vendors to property tycoons, shows few signs of abating. Investors have fled to safer assets after defaults by firms including Altico Capital India Ltd. and Reliance Capital Ltd.Concerns about governance have also taken a toll, following incidents at companies including Karvy Stock Broking Ltd. and Dewan Housing Finance Corp.Read more about gap in returns in India’s credit marketIndia’s Finance Minister Nirmala Sitharaman has announced a number of measures in recent months to support the economy: corporate tax cuts, a special real-estate fund, bank mergers and a privatization drive.Meanwhile, the central bank lowered benchmark interest rates by 135 basis points in 2019, before pausing last week.As policy makers assess the challenges ahead in 2020, they must grapple with the financing needs of weaker borrowers that are yet to benefit as much from the steps this year.Issuers with ratings at or above AA- have sold a record 5.8 trillion rupees ($82 billion) of notes this year. In contrast, issuance from firms with lower ratings has slid to a six-year low of 182 billion rupees, so far in 2019, data compiled by Bloomberg show.(Adds tout)To contact the reporters on this story: Rahul Satija in Mumbai at rsatija1@bloomberg.net;Anurag Joshi in Mumbai at ajoshi53@bloomberg.netTo contact the editors responsible for this story: Andrew Monahan at amonahan@bloomberg.net, Anto AntonyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

As New Zealand island volcano vents again, GeoNet warns: 'Eruptions in the next 24 hours are still likely'
New Zealand police said they are investigating after a volcano erupted on White Island, killing at least six, with more presumed dead and injured.

Yahoo News - Latest News & Headlines
Yahoo News - Latest News & Headlines

Trump rips his own FBI director for agreeing with IG report
President Trump on Tuesday lashed out at Christopher Wray after the FBI director agreed with the conclusion of the Justice Department inspector general report that the bureau’s Russia probe was justified and not politically biased.

Remember When Russian Diesel Submarines Chased Down A British Nuclear Sub?
Depends if it actually happened.

New 'Varsity Blues' charges: Georgetown mom pleads guilty to cheating in son's online classes
In a new twist in the "Varsity Blues" admissions scandal, a California woman agreed to plead guilty to paying $9,000 to have someone take online classes for her son so he could graduate from Georgetown.

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