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Trump indictment in New York case could come as early as Monday-Politico

WASHINGTON (Reuters) -Former U.S. President Donald Trump is expected to be indicted by a grand jury late Monday or on Wednesday in a hush payments case involving a porn star, Politico reported on Monday, citing three unidentified people involved in the deliberations. Law enforcement officials were stepping up security around the Manhattan courthouse where the …

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BlackRock Investment Institute downgrades credit, favors short-term bonds for income

(Reuters) – BlackRock Investment Institute said on Monday it was downgrading credit and preferred short-term bonds for income, with strategists pointing to financial cracks from rapid interest rate hikes. “We stay risk-off: underweight developed market (DM) stocks and trim credit to neutral. But we are ready to seize opportunities as macro damage gets priced in. …

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Former Kingsdale executive Fein launches new proxy solicitation firm

NEW YORK (Reuters) – A former top executive at proxy solicitor Kingsdale Advisors on Monday said he launched a new firm amid growing demand for advice on engaging with shareholders as corporate agitators push for more changes at companies. Michael Fein, who headed Canadian firm Kingsdale’s U.S. operations as president, U.S., until the start of …

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Trump’s lawyers seek to throw out Georgia grand jury report on election meddling

By Joseph Ax (Reuters) – Donald Trump’s lawyers on Monday asked a Georgia court to quash a special grand jury report detailing its investigation into the former U.S. president’s efforts to overturn his 2020 statewide election defeat. The filing in Fulton County Superior Court also seeks to have the county district attorney, Fani Willis, recused …

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Media mogul Rupert Murdoch engaged to Ann Lesley Smith

By Helen Coster (Reuters) – Fox Corp Chairman Rupert Murdoch is engaged to former San Francisco police chaplain Ann Lesley Smith, his spokesperson confirmed on Monday, which will mark the fifth marriage for the 92-year-old media mogul. Murdoch finalized his divorce from actress and model Jerry Hall in August. Murdoch and Smith, 66, first met …

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Boaz Weinstein’s trade looks set to flourish on Credit Suisse demise

By Nell Mackenzie LONDON (Reuters) – Hedge fund manager Boaz Weinstein pinned hopes on Credit Suisse’s survival, but also money on its demise. His derivatives trade which bet both on the success and failure of the bank now looks set to pay off, according to data from IHS Markit. After shares in the 167-year old …

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TSX starts week on firmer ground as materials, financials gain

By Johann M Cherian (Reuters) – Canada’s main stock index edged higher on Monday, supported by gains in the materials and financial sectors, as investors returned to markets amid uncertainty in the global banking sector. At 10:07 a.m. ET (14:07 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 79.17 points, or 0.41%, at …

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Uncertainty reigns as Fed considers interest rate hike

By Lindsay Dunsmuir (Reuters) -Traders and economists remain split on whether the Federal Reserve will raise its benchmark policy rate on Wednesday, as more actions by the world’s major central banks to stem banking strains and the fallout from the takeover of Credit Suisse kept markets on edge. The U.S. central bank will begin its …

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Paris police, protesters clash for third night over Macron’s pension reform

By Dominique Vidalon and Manuel Ausloos PARIS (Reuters) -Paris police clashed with demonstrators for a third night on Saturday as thousands of people marched throughout the country amid anger at the government pushing through a rise in the state pension age without a parliamentary vote. The growing unrest and strikes have left President Emmanuel Macron …

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U.S. Senate Democrat Durbin tests positive for COVID, will quarantine

WASHINGTON (Reuters) – U.S. Senator Dick Durbin, the chamber’s No. 2 Democrat, said on Sunday that he will quarantine after testing positive for COVID-19, adding to a number of lawmakers from both parties who have been absent from the Senate. “Thankfully, I am fully vaccinated and boosted and only experiencing minor symptoms,” Durbin said in …

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