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Ex-prosecutor in New York Trump probe wins congressional deposition delay

By Luc Cohen (Reuters) -Mark Pomerantz, the former prosecutor who once led the Manhattan district attorney’s criminal inquiry into former U.S. President Donald Trump, on Thursday won a delay to his deposition before a Republican-led congressional committee, court records showed. U.S. District Judge Mary Kay Vyskocil on Wednesday denied Manhattan District Attorney Alvin Bragg’s request …

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Stocks stumble as Tesla drops, US yields retreat after data

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks was poised for its biggest daily percentage drop in two weeks on Thursday as a sharp decline in Tesla shares weighed while softening U.S. economic data and growing worries about the debt ceiling pushed Treasury yields lower. On Wall Street, U.S. stocks closed …

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Dollar weakens as soft data backs US recession outlook

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell on Thursday as weak data reinforced expectations the world’s largest economy is likely headed toward recession, further supporting the view that the Federal Reserve could pause in June after another expected rate hike next month. The greenback hit session lows against the yen and …

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By royal appointment: Prince William takes booking for restaurant

LONDON (Reuters) – Britain’s Prince William helped out an Indian restaurant during a royal visit on Thursday by taking a phone reservation from an unsuspecting customer. The heir to the British throne and his wife Kate were visiting the family-run restaurant Indian Streatery during their trip to Birmingham in central England, when he took the …

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Oil falls 2% on recession fears, swelling US fuel stocks

By Laila Kearney NEW YORK (Reuters) -Oil prices slid by about $2 a barrel to their lowest level since late March on Thursday, dragged lower by fears a possible recession could dent fuel demand and after a rise in U.S. gasoline inventories. Brent crude futures settled at $81.10 a barrel, shedding $2.02, or 2.4%. West …

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Gold flirts with $2,000 level on softer US economic data

By Deep Kaushik Vakil (Reuters) – Gold prices firmed above the key $2,000 level again on Thursday as the dollar and Treasury yields pulled back after soft U.S. economic data strengthened the case for a pause in interest rate hikes by the Federal Reserve. Spot gold climbed 0.7% to $2,006.26 per ounce by 1:40 p.m. …

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Indian tycoon Birla returns to Vodafone Idea board

BENGALURU (Reuters) – Indian billionaire Kumar Mangalam Birla has returned to the board of Vodafone Idea Ltd as an additional director less than two years after leaving the mobile service provider. Birla, formerly a chairman at the debt-ridden telecom giant, will join the board effective April 20, Vodafone’s Indian JV said in an exchange disclosure. …

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UK PM Sunak delays publication of bullying report into his deputy Raab

By Andrew MacAskill and Alistair Smout LONDON (Reuters) -British Prime Minister Rishi Sunak will delay until at least Friday the publication of a report into claims that his deputy bullied staff, two government officials said, despite having had hours to review the findings and reach a conclusion. Sunak spent much of Thursday considering the findings …

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FTSE 100 ends higher as Melrose gains outweigh commodity stocks drag

By Shristi Achar A and Johann M Cherian (Reuters) – The UK’s FTSE 100 index closed slightly up on Thursday as a jump in shares of consumer conglomerate Melrose offered just enough of a boost to overshadow falls in commodity-linked sectors. Melrose Industries Plc surged 21.7% to hit a more than three-year high after it …

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South African rand gains as dollar slips on U.S. jobless claims

JOHANNESBURG (Reuters) -The South African rand gained on Thursday as the dollar slipped after U.S. weekly jobless claims data fuelled hopes the U.S. Federal Reserve could slow interest rate hikes. At 1509 GMT, the rand traded at 18.0100 against the U.S. currency, nearly 1% stronger than Wednesday’s close. The dollar was last tracking 0.19% weaker …

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