Updated - Squid Business

Indian shares snap eight-day losing run as China data boosts metals

By Bharath Rajeswaran and Nishit Navin BENGALURU (Reuters) -Indian shares snapped an eight-day losing streak on Wednesday, boosted by metal stocks on strong manufacturing activity data from top consumer China. The Nifty 50 index rose 0.85% to 17,450.90, while the S&P BSE Sensex closed 0.76% higher to 59,411.08. All the 13 major sectoral indexes advanced, …

Indian shares snap eight-day losing run as China data boosts metals Read More »

U.S. House votes to block ESG investment rule in latest culture war salvo

By David Morgan WASHINGTON (Reuters) -The Republican-controlled U.S. House voted on Tuesday to block President Joe Biden’s administration from allowing retirement plans to consider environmental, social and corporate governance, or ESG, issues in their investment decisions. The lawmakers voted 216-204 to adopt a joint resolution that would prevent the Labor Department from enforcing a rule …

U.S. House votes to block ESG investment rule in latest culture war salvo Read More »

London dogs head to Thailand to sniff out pangolin smugglers

LONDON (Reuters) – Two Labrador dogs, which have been trained by British police, are to be flown to Thailand to help crack down on the smuggling of critically endangered pangolins, the Zoological Society of London (ZSL) said on Tuesday. Pangolins, nocturnal creatures famed for their full armour of scales, are the most trafficked mammal in …

London dogs head to Thailand to sniff out pangolin smugglers Read More »

China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic

WASHINGTON (Reuters) – The FBI has assessed that a leak from a laboratory in the central Chinese city of Wuhan likely caused the COVID pandemic, director Christopher Wray said on Tuesday, a claim China said had “no credibility whatsoever”. “The FBI has for quite some time now assessed that the origins of the pandemic are …

China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic Read More »

Ghislaine Maxwell seeks to void conviction in Jeffrey Epstein case

NEW YORK (Reuters) – Ghislaine Maxwell asked a U.S. appeals court to throw out her conviction for helping the financier Jeffrey Epstein sexually abuse teenage girls, saying she was immune from prosecution and citing a slew of errors that allegedly tainted her trial. In a Tuesday night filing with the 2nd U.S. Circuit Court of …

Ghislaine Maxwell seeks to void conviction in Jeffrey Epstein case Read More »

French court dismisses Uganda lawsuit against TotalEnergies

(This Feb. 28 story has been corrected to rectify a surname in paragraph 7) By America Hernandez PARIS (Reuters) – A French civil court on Tuesday dismissed a fast-track lawsuit brought by campaigners against energy major TotalEnergies over its oil projects in Uganda and Tanzania, saying the case should be examined in depth in a …

French court dismisses Uganda lawsuit against TotalEnergies Read More »

Chicago’s incumbent mayor Lightfoot loses re-election bid

By Joseph Ax (Reuters) -Chicago’s incumbent Mayor Lori Lightfoot lost her re-election bid on Tuesday, with vote totals showing that two of her rivals will face each other in an April runoff ballot. Paul Vallas, the former public schools chief in Chicago and Philadelphia who ran unsuccessfully for Chicago mayor in 2019, secured the top …

Chicago’s incumbent mayor Lightfoot loses re-election bid Read More »

Tinubu is Nigeria’s president-elect after disputed election

By Felix Onuah and MacDonald Dzirutwe ABUJA (Reuters) -Nigeria’s ruling party candidate, Bola Tinubu, was declared president-elect of Africa’s most populous nation in the early hours of Wednesday after a weekend election that the main opposition parties have disputed. Tinubu, a former governor of Lagos state, will take over leadership of a country grappling with …

Tinubu is Nigeria’s president-elect after disputed election Read More »

Hedge funds unimpressed by Chinese internet giants’ peppy earnings

By Summer Zhen HONG KONG (Reuters) – A set of bumper earnings reports from the likes of Baidu Inc and other Chinese internet giants isn’t impressing hedge funds and other investors who have cut exposure to the stocks and seem to be waiting for more good news. For the now, investors remain wary of a …

Hedge funds unimpressed by Chinese internet giants’ peppy earnings Read More »

US House Democrat opposes giving Biden power to ban TikTok

By David Shepardson WASHINGTON (Reuters) -The top Democrat on the House Foreign Affairs Committee said on Tuesday he opposed a Republican bill that would give President Joe Biden the power to ban Chinese-owned social media app TikTok and other apps. The committee opened debate on Tuesday on the measure, which Republican committee chair Michael McCaul …

US House Democrat opposes giving Biden power to ban TikTok Read More »