Reuters - Squid Business

Republican-led ban on transgender student athletes passes US House, moves to Senate

By Katharine Jackson WASHINGTON (Reuters) -The U.S. House of Representatives on Thursday passed a Republican bill intended to ban transgender women and girls from competing in women’s and girls’ school sports, delivering at least a short-term victory to social conservatives. The House passed the measure by 219-203 but it has little chance of passing the …

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BOJ open to tweaking YCC this year if wage momentum holds – sources

By Leika Kihara TOKYO (Reuters) -The Bank of Japan is warming to the idea of tweaking its controversial bond yield control policy later this year, but will likely keep settings unchanged at next week’s meeting as it awaits more evidence of sustained wage growth, sources say. Kazuo Ueda chairs his first policy meeting since becoming …

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Bangladesh suffers widespread power outages during relentless heat

By Ruma Paul and Sudarshan Varadhan DHAKA (Reuters) -Bangladesh is being forced to cut power to millions of people as a relentless heatwave leads to a surge in demand for power and thereby creates massive electricity supply shortfalls during the Muslim fasting month of Ramadan. Greater use of irrigation pumps by farmers and an increase …

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Wall St slides after gloomy earnings led by Tesla

By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – Major U.S. stock indexes ended lower on Thursday after disappointing quarterly reports from companies including Tesla and AT&T, while investors sought clarity on the path of interest rates. Tesla shares tumbled 9.7% after the electric vehicle maker posted its lowest quarterly gross margin in two …

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Trump ally Lindell ordered to pay $5 million to man who disproved voter fraud claims

By Gram Slattery WASHINGTON (Reuters) – Mike Lindell, a prominent ally of former U.S. President Donald Trump, has been ordered to pay $5 million to a man who debunked Lindell’s false claims of election fraud, the plaintiff’s law firm said on Thursday. An arbitration panel ordered Lindell, the founder of pillow manufacturer My Pillow and …

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Exclusive-FirstGroup, I Squared weigh competing bids for Arriva -sources

By Andres Gonzalez, Amy-Jo Crowley and Emma-Victoria Farr LONDON (Reuters) – British transport company FirstGroup and infrastructure fund I Squared are weighing competing bids for parts of Deutsche Bahn’s international transport business Arriva, according to a number of people familiar with the matter. FirstGroup would likely bid for Arriva’s activities outside the UK because of …

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Fed emergency lending rises slightly in latest week

NEW YORK (Reuters) – Federal Reserve emergency lending to banks in the wake of last month’s financial sector troubles remains high and increased modestly in the latest week, according to data released on Thursday by the Federal Reserve. The institution reported that borrowing via three programs aimed at supporting banks moved to $316.5 billion as …

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Two more suspects arrested in Alabama ‘Sweet 16’ shooting

(Reuters) – Authorities in Alabama on Thursday said they had made two more arrests in connection with last week’s shooting at a “Sweet 16” birthday party that left four people dead and 32 others wounded. The Alabama Law Enforcement Agency said in a written statement that Willie George Brown Jr., 19, of Auburn, and Johnny …

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U.S. judge denies bail to exiled Chinese businessman Guo Wengui in fraud case

By Jonathan Stempel NEW YORK (Reuters) – An exiled Chinese businessman charged by U.S. prosecutors with leading a more than $1 billion fraud will remain in jail after a federal judge in Manhattan on Thursday rejected a proposed $25 million bail package. U.S. District Judge Analisa Torres said prosecutors had shown it more likely than …

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Marketmind: Inflation first big test for BOJ’s Ueda

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Japanese inflation figures for March and the first insights into economic activity around the world this month from flash PMI reports grab the spotlight on Friday, as investors reflect on mounting evidence of slowing U.S. economic and earnings …

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