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Wall Street notches biggest gain in months, Treasury yields rise on solid earnings

By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Thursday and Treasury yields resumed their climb as strong earnings helped investors look past signs of economic weakness. All three major U.S. stock indexes surged in a broad rally, with megacap tech and tech-related companies boosting the Nasdaq to its biggest one-day …

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LSEG affirms 2023 targets, gets shareholder nod for buyback

By Huw Jones LONDON (Reuters) – London Stock Exchange Group on Thursday reaffirmed financial targets for the year and secured shareholder approval for a previously announced buyback of shares from the Blackstone/Thomson Reuters consortium. LSEG bought data and analytics company Refinitiv for $27 billion from the consortium in January 2021. The group’s traditional exchange activities …

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US dollar edges higher as GDP, jobless claims affirm rate hike bets

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose on Thursday as weaker-than-expected U.S. economic growth in the first quarter is viewed as not likely to deter the Federal Reserve from raising interest rates next week. The advance estimate of first-quarter gross domestic product (GDP) showed a 1.1% annualized rate during the period. The …

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UN rights chief urges UK to reverse ‘troubling’ Public Order Bill

GENEVA/LONDON (Reuters) -The U.N. human rights chief called on the British government on Thursday to reverse legislation that would clamp down on protests by giving police in England and Wales more powers to act to prevent serious disruption. Britain’s Conservative government said the new powers are needed to prevent a small minority, who have been …

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Indonesia regulator says instant noodle brand safe, despite Taipei, Malaysia recall

(This story has been corrected to say that recall was by Taipei’s health department, not Taiwan, in paragraphs 1, 2 and the headline) JAKARTA (Reuters) – Indonesia’s food regulator on Thursday said a popular product from one of the world’s biggest instant noodle brands was safe for consumption in the country, despite its recall in Malaysia and in …

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As cult deaths top 100, another Kenyan pastor arrested over ‘mass killings’

By Duncan Miriri and George Obulutsa MALINDI, Kenya (Reuters) -A Kenyan televangelist was arrested on Thursday after reports of the “mass killing of his followers”, the interior minister said, as authorities investigated scores of other deaths linked to a religious cult from the same region. As news of pastor Ezekiel Odero’s detention spread, officials said …

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