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Indian shares trim weekly gains on profit booking post RBI policy

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares declined for the second straight session on Friday, dragged by a broad-based slide amid sustained profit booking after the Reserve Bank of India signalled tighter monetary conditions could persist. The blue-chip Nifty 50 closed 0.38% lower at 18,563.40, while the benchmark S&P BSE Sensex fell 0.35% to 62,625.63. …

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US weekly jobless claims race to 1-1/2-year high, economists urge caution

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits surged to the highest level in more than 1-1/2 years last week, but layoffs are probably not accelerating as the data covered the Memorial Day holiday, which could have injected some volatility. The largest increase in applications in nearly …

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US Supreme Court backs Alabama Black voters, bolsters civil rights law

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday handed a major victory to Black voters who challenged a Republican-drawn electoral map in Alabama, finding the state violated a landmark law prohibiting racial discrimination in voting and paving the way for a second congressional district with a Black majority or close to it. …

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Odey’s prime brokers review ties after misconduct allegations -sources

By Nell Mackenzie, Kirstin Ridley, Maiya Keidan and Carolina Mandl LONDON/TORONTO (Reuters) -Odey Asset Management’s prime brokers, including Goldman Sachs , JPMorgan and Morgan Stanley, are reviewing their relationships with the hedge fund after allegations of sexual misconduct by its founder were reported by the Financial Times and Tortoise Media on Thursday, sources familiar with …

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China to build spy base in Cuba, WSJ says; US and Cuba cast doubt on report

By Matt Spetalnick and Dave Sherwood WASHINGTON/HAVANA (Reuters) -China has reached a secret deal with Cuba to establish an electronic eavesdropping facility on the island roughly 100 miles (160 km) from Florida, the Wall Street Journal said on Thursday, but the U.S. and Cuban governments cast strong doubt on the report. Such a spy installation …

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Taiwan’s Acer ships computer hardware to Russia after saying it would suspend business -data

By Filipp Lebedev and Gleb Stolyarov (Reuters) -Taiwan-based computer manufacturer Acer supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there. While not illegal, Acer’s actions contrast with those of key …

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