Indian equity benchmarks slip as Fed rate trajectory worries hit IT stocks

By Hritam Mukherjee and Kashish Tandon (Reuters) -India’s benchmark equity indexes fell on Monday, as uncertainty about the U.S. interest rate trajectory beyond the reduction expected this week weighed on IT companies, while metal stocks fell after underwhelming economic data from top consumer China. The Nifty 50 ended down 0.4% at 24,668.25 points, while the …

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US case against India’s Gautam Adani appears strong but extradition unlikely, experts say

By Luc Cohen NEW YORK (Reuters) – The U.S. fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon.  Federal prosecutors in Brooklyn last month unsealed an indictment …

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ABC to pay $15 million to Trump library to settle lawsuit, court documents show

(Reuters) -ABC News has agreed to give $15 million to U.S. President-elect Donald Trump’s presidential library to settle a lawsuit over comments that anchor George Stephanopoulos made on air involving the civil case brought against Trump by writer E. Jean Carroll, a court document filed on Saturday showed. The lawsuit, filed on March 19 in …

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Inside South Korea’s right-wing YouTube world openly embraced by Yoon

By Ju-min Park and Tom Bateman SEOUL (Reuters) – When South Korean President Yoon Suk Yeol cited claims of election hacking and “anti-state” pro-North Korean sympathisers as justification for imposing a short-lived martial law, right-wing YouTuber Ko Sung-kook had heard it before. In fact, Ko had made the same claims himself many times to the …

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Japan’s MUFG Bank apologises for safe deposit box thefts, vows better compliance

By Anton Bridge TOKYO (Reuters) – The CEO of MUFG Bank apologised on Monday for the theft by a former employee of more than 1 billion yen ($6.5 million) in customer assets from safe deposit boxes and promised better compliance measures. The banking arm of Mitsubishi UFJ Financial Group said the employee used a spare …

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South Africa’s smoggy Sasolburg illustrates conflict between economy and clean air

By Tim Cocks SASOLBURG, South Africa (Reuters) – From the moment Mpho Putsoenyane’s daughter Hlompho was born in Zamdela, a South African township beside the smokestacks and gas flares of Sasol’s oldest coal-to-liquid refinery, the baby struggled to breathe. Last year, when she was four months old, she turned purple and started gasping. Her parents …

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South Africa’s Takealot bets on townships to fend off global rivals

By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa’s biggest e-commerce retailer, Takealot, has hired thousands of personal shoppers to help it penetrate townships and rural areas and fend off increased competition from global rivals, its CEO told Reuters. Attracted by growth potential and South Africa’s strategic position, companies have invested in the country’s price-conscious e-commerce market. …

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Harris and Biden urge Democrats to fight on in rare joint appearance

By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden and Vice President Kamala Harris made a rare post-election joint appearance on Sunday to thank donors who raised more than $2 billion during the unsuccessful 2024 election cycle, and to urge Democrats to keep fighting for their values. KEY QUOTES “Our spirit is not defeated. …

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