South Korea’s opposition leader warns of another martial law attempt

By Hyonhee Shin SEOUL (Reuters) – South Korea’s main opposition leader Lee Jae-myung warned that President Yoon Suk Yeol might make another attempt to declare martial law before parliament votes on impeaching him on Saturday. Yoon’s brief imposition of martial law late on Tuesday sent Asia’s fourth-largest economy into turmoil, with Lee’s Democratic Party and …

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US equity funds attract inflows for a fifth straight week on growth optimism

(Reuters) – U.S. investors snapped up equity funds for a fifth successive week through Nov. 4, motivated by a rally in Wall Street’s main indexes, optimism for strong economic growth, and expectations of a third consecutive Federal Reserve rate cut this month. According to LSEG data, investors acquired U.S. equity funds worth $8.85 billion on …

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How Lee Jae-myung and South Korean opposition rallied in defiance of martial law

By Josh Smith SEOUL (Reuters) – When South Korean President Yoon Suk Yeol declared martial law, lawmakers from the main opposition party raced special forces soldiers to the parliament building to hold a vote against the measures. Now the same politicians who climbed the compound’s walls on Tuesday to avoid security cordons are spearheading an …

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Exclusive-Varo Energy in talks to buy Preem’s Swedish refineries, sources say

By Robert Harvey, Marek Strzelecki and Anna Hirtenstein LONDON (Reuters) – European energy firm Varo Energy is in talks to acquire Preem’s two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters. Varo has been expanding fast in Europe’s refining and fuel trading in recent years. The company …

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South Africa to deport killer of anti-apartheid leader Hani to his native Poland

JOHANNESBURG (Reuters) – South Africa will deport Janusz Walus, a far-right extremist who assassinated anti-apartheid leader Chris Hani in 1993, to his native Poland on Friday, the government said. Walus, 71, served nearly 30 years of a life sentence for Hani’s murder in a South African prison. In 2022 he was released on parole, sparking …

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Norway’s wealth fund can start selling Russian stocks, finance ministry says

By Gwladys Fouche OSLO (Reuters) -Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, can start selling stocks it holds in Russian companies, as long as it complies with international sanctions, the deputy finance minister told Reuters on Friday. “Permission to sell the fund’s Russian stocks is given on the condition that the sale can …

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Indian benchmarks log best week in 6 months as cenbank boosts liquidity

By Bharath Rajeswaran and Indranil Sarkar (Reuters) -Indian benchmark indexes logged their best week since June on Friday, led mainly by financials as the central bank cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary conditions. The NSE Nifty 50 settled 0.12% lower at 24,677.8, while the BSE Sensex …

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