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Trump, Adult Children Agree to Testify in NY Civil Probe

Clayton Lee

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(C) Reuters. FILE PHOTO: Former U.S. President Donald Trump speaks during a rally to boost Ohio Republican candidates ahead of their May 3 primary election, at the county fairgrounds in Delaware, Ohio, U.S. April 23, 2022. REUTERS/Gaelen Morse
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NEW YORK (Reuters) -Donald Trump and two of his adult children, Donald Trump Jr. and Ivanka Trump, have agreed to testify starting July 15 in a New York state civil investigation into the former U.S. president’s business practices.

The Trumps’ testimony could last through the following week, according to an agreement with state Attorney General Letitia James made public on Wednesday. James is investigating whether the Trump Organization misled lenders and tax authorities.

The deal for the Trumps to testify came more than six months after James first issued subpoenas for their testimony, which the Trumps fought bitterly in court. Last month, an intermediate state appeals court denied the Trumps’ bid to avoid testimony in James’ probe.

Trump, 75, and his son and daughter, both in their 40s, had argued that testifying in the civil probe would violate their constitutional rights because their words could be used in a related criminal investigation led by Manhattan District Attorney Alvin Bragg.

Separately, a New York state judge ruled in a virtual hearing on Wednesday that Trump must send James affidavits from several Trump Organization executives about their policies for retaining or destroying records.

But the judge, Arthur Engoron, said he would not yet fully purge a contempt order he issued against Trump in April for failing to comply with a subpoena from the state attorney general. Trump had said he had no documents that were relevant to the probe, a claim Engoron said he found “surprising.”

Engoron rejected a suggestion by Trump lawyer Alina Habba that he might have ruled differently had someone other than Trump been involved. “I try to take myself out of the equation,” the judge said.

The former president last month paid a $110,000 fine – one of the conditions needed to lift the contempt order – a sum being held in escrow pending Trump’s appeal of Engoron’s order.

James says her more-than-three-year investigation has found evidence that the Trump Organization – which manages hotels, golf courses and other real estate throughout the world – overstated asset values to obtain benefits such as favorable loans and understated the values to get tax breaks.

Trump, a Republican, has denied wrongdoing, and called the investigation politically motivated. James is a Democrat.

The Trumps have until June 13 to ask New York state’s highest court, the Court of Appeals, to further delay any testimony in James’ probe. The testimony would be postponed if that court issued a stay.

Trump, adult children agree to testify in NY civil probe

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Original Article: investing.com

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Alaska’s Murkowski, Peltola Win Reelection in Latest Trump Rebuke

Clayton Lee

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Alaska Republican Lisa Murkowski wins re-election to U.S. Senate By Reuters

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Politics 8 minutes ago (Nov 23, 2022 08:30PM ET)

(C) Reuters. FILE PHOTO: Republican U.S. Senator Lisa Murkowski from Alaska, running for re-election to the U.S. Senate in the 2022 U.S. midterm elections, appears in an undated handout photo received October 5, 2022. Lisa Murkowski/Handout via REUTERS

WASHINGTON (Reuters) -Republican Senator Lisa Murkowski of Alaska has won reelection, defeating Kelly Tshibaka, a former Republican state official who was endorsed by former President Donald Trump, a tabulation carried out by state officials showed on Wednesday.

Murkowski, 65, has represented Alaska in the Senate since 2002 and has built an independent profile as one of the chamber’s few centrists. Her victory is another setback for Trump, who saw several of his preferred candidates defeated in the Nov. 8 midterm elections.

Murkowski defeated Tshibaka after Alaska finished tabulating all ballots in a publicly broadcast session using its new “ranked choice” system, which allows voters to list candidates in order of preference.

In each round of counting, the candidate with the lowest share of votes is eliminated and the ballots which ranked them first are then redistributed. The candidate with a majority of votes after all ballots have been counted wins.

She would have won even under the old system, as she had a slight edge on Tshibaka after the first round of counting.

Murkowski was the first Republican senator to call for Trump’s resignation after his supporters attacked the U.S. Capitol on Jan. 6, 2021, in an attempt to prevent Congress from certifying Democrat Joe Biden’s 2020 election victory. She later voted to impeach him.

She won reelection as a write-in candidate in 2010 after her party nominated a more right-wing contender.

Alaska Republican Lisa Murkowski wins re-election to U.S. Senate

U.S. Justice Department seeking to question Pence in Jan. 6 probe- NYTBy Reuters – Nov 23, 2022

WASHINGTON (Reuters) -The U.S Justice Department is seeking to question former Vice President Mike Pence as a witness in connection with its criminal investigation into former…

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By Karen Freifeld and Jonathan Stempel NEW YORK (Reuters) – A New York judge has scheduled an October 2023 trial for former U.S. President Donald Trump, three of his adult…

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Sri Lanka Central Bank Holds Rates Steady, Says Mkt Interest Rates Must Fall

Clayton Lee

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Sri Lanka cenbank holds rates steady as expected amid slowing inflation By Reuters

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Economy 8 minutes ago (Nov 23, 2022 09:31PM ET)

(C) Reuters. FILE PHOTO: People walk past the main entrance of the Sri Lanka’s Central Bank in Colombo, Sri Lanka March 24, 2017. REUTERS/Dinuka Liyanawatte

COLOMBO (Reuters) – Sri Lanka’s central bank held rates on Thursday, adding it expects a moderation in market interest rates in line with the prevailing policy interest rates.

The Standing Lending Facility rate was held steady at 15.50% while the Standing Deposit Facility Rate was kept unchanged at 14.50%.

“The Board was of the view that the prevailing tight monetary policy stance is necessary to rein in any underlying demand pressures in the economy,” the central banks said in a statement.

Sri Lanka cenbank holds rates steady as expected amid slowing inflation

Dollar slips as risk sentiment improves after Fed minutesBy Reuters – Nov 23, 2022

By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was broadly weaker on Thursday as investors, encouraged the prospect of a slower pace of interest rate hikes from the…

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BRASILIA (Reuters) -The head of Brazil’s electoral court Alexandre de Moraes on Wednesday rejected a complaint from President Jair Bolsonaro’s allies to challenge the presidential…

S.Korean central bank hikes rates by 25 bps, slows tightening paceBy Reuters – Nov 23, 2022

By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank raised interest rates by a more modest 25 basis points on Thursday, slowing the pace of policy…

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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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U.S. FDA Denies Australian Dairy Accelerated Approval to Sell Infant Formula

Clayton Lee

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U.S. FDA denies Australian Dairy accelerated approval to sell infant formula By Reuters

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World 12 minutes ago (Nov 16, 2022 09:45PM ET)

(Reuters) -Australian Dairy Nutritionals Group said on Thursday its application for accelerated approval to vend the dairy firm’s branded infant formula in the United States has not been accepted by the country’s Food and Drug Administration (FDA).

Antipodean dairy companies have been queuing up for necessary approvals since May after the United States faced a nationwide shortage of baby food.

The FDA’s temporary approval process was only available until Nov. 14, but the dairy firm can now apply for registration via a normal process to sell the infant milk formula products, it said.

“We are advanced in preparing our toddler milk – stage 3 – for launch in the United States next year,” it added.

New Zealand’s a2 Milk Co earlier this month received approval to export infant milk formula to the United States.

U.S. FDA denies Australian Dairy accelerated approval to sell infant formula

Democrat Bass wins race for Los Angeles mayor, defeating CarusoBy Reuters – Nov 16, 2022

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By Hyonhee Shin SEOUL (Reuters) -North Korea warned on Thursday of “fiercer military responses” to U.S. efforts to boost its security presence in the region with its allies, state…

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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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