Updated - Squid Business

US arrests two for setting up Chinese ‘secret police station’ in New York

By Luc Cohen NEW YORK (Reuters) -U.S. federal agents arrested two New York residents for allegedly operating a Chinese “secret police station” in the Chinatown district of Manhattan on Monday in what prosecutors said was part of a crackdown on Beijing’s alleged targeting of dissidents. Lu Jianwang, 61, and Chen Jinping, 59, face charges of …

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Sudan rival forces battle in capital as UN sees little prospect for mediation now

By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) -Sudan’s battling factions both claimed to have made gains on Monday as violence cut power and water in the capital, and the U.N. envoy to Sudan said the two sides showed no signs of being willing to negotiate. Fighting between the army and the paramilitary Rapid Support …

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Dominion defamation trial against Fox to proceed Tuesday after delay

By Helen Coster WILMINGTON, Delaware (Reuters) -The trial in the $1.6 billion defamation lawsuit by Dominion Voting Systems against Fox Corp and Fox News will proceed with jury selection resuming on Tuesday rather than on Monday as previously scheduled, a judge said on Monday. Delaware Superior Court Judge Eric Davis did not provide a reason …

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Manchester United tanks on report Glazers may avoid sale with new investment

(Reuters) – Shares of Manchester United PLC fell 13% on Monday after a report said the Glazer family was confident of securing an investment that would allow them to retain ownership of the British soccer club. The family also expects the investment to help them double the value of the club over the next 10 …

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U.S. envoy pays first visit to WSJ reporter Gershkovich in Moscow prison

(Reuters) -U.S. Ambassador to Russia Lynne Tracy on Monday said she had made her first visit to jailed Wall Street reporter Evan Gershkovich, who Moscow arrested two weeks ago on charges of spying. “He feels well and is holding up. We reiterate our call for Evan’s immediate release,” Tracy said in a statement in Russian …

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US House Speaker McCarthy pitches budget cuts for debt limit vote

By Richard Cowan and Katharine Jackson WASHINGTON (Reuters) -U.S. House of Representatives Speaker Kevin McCarthy on Monday outlined spending cuts he said his fellow Republicans would demand in exchange for voting to raise the federal government’s $31.4 trillion debt ceiling, avoiding a potentially catastrophic default. His proposals included cutting spending to last year’s levels, capping …

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Stocks weaker as U.S. yields, dollar rise

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks was slightly higher on Monday as investors digested another round of corporate earnings, while the dollar and U.S. Treasuries yields rose after economic data further cemented expectations of a rate hike from the Federal Reserve in May. After the first wave of bank …

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S.Korea, US, Japan hold drills as N.Korea slams US ‘nuclear blackmail’

By Hyonhee Shin SEOUL (Reuters) – South Korea, the United States and Japan staged joint naval missile defence exercises on Monday to improve responses to North Korean threats, as Pyongyang accused Washington of ramping up “nuclear blackmail” with military drills. The three nations agreed at talks in Washington on Friday to hold regular missile defence …

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US financial institutions hit by deposit flight as clients seek higher returns

(Reuters) -Deposits at three financial institutions fell in the first quarter as the industry’s biggest crisis in more than a decade prompted a flight of funds, with customers seeking better returns elsewhere. Deposits at custodian bank State Street Corp and regional bank M&T Bank Corp fell 3% each, while those at Charles Schwab Corp shrank …

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Exchanges and asset managers square off over EU market rules

By Huw Jones LONDON (Reuters) – Stock exchanges and asset managers have squared off ahead of European Union negotiations this week over how much information investors should be given to find the best deals on Europe’s fragmented stock markets. The European Parliament and EU states begin negotiations on Tuesday on finalising reform of the bloc’s …

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