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California dance hall shooting death toll rises as authorities identify victims

(Reuters) -The Los Angeles county coroner’s office on Monday began identifying the 11 people killed in the Lunar New Year massacre inside a popular dance parlor in Monterey Park, California. Ten victims died at the scene of the Saturday shooting. Authorities on Monday said an 11th person, a woman in her 70s, died while being …

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Police seek motive to Los Angeles-area mass shooting as 11th victim dies

By Tim Reid and Rich McKay MONTEREY PARK, Calif. (Reuters) -Investigators collected 42 bullet casings from the scene of one of California’s bloodiest mass shootings as they sought clues on Monday to what drove an elderly gunman to open fire in a dance hall he had frequented, killing 11 people, before taking his own life. …

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Yellen urges Zambia debt restructure after talks with China

By Andrea Shalal LUSAKA (Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday during a visit to Zambia that it was critically important to restructure the country’s debt, and she believes progress could be made after her frank talks with key creditor China last week. Yellen added that Zambia’s debt overhang was a drag on …

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Pakistan begins restoring power after second major grid breakdown in months

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s government began restoring power to millions of people on Monday after a breakdown in the grid triggered the worst electricity outage in months and highlighted the weak infrastructure of the heavily indebted nation. An inquiry has been launched into the outage, which began at around 7:00 a.m. local …

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Wall Street extends rally, powered by tech bounce

By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher on Monday, fueled by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market-leading momentum stocks that were battered last year. All three major stock indexes extended Friday’s gains, with the tech-heavy Nasdaq leading the pack, boosted by …

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Indian wheat hits fresh record high on delay in stock release

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -Indian wheat prices hit a fresh record high on Monday, following a delay in releasing extra stocks by the government to boost supplies and calm the domestic market reeling from shortages triggered by last year’s lower crop, dealers and farmers said. India, the world’s second biggest …

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Stocks, euro gain as Fed, ECB rate hike outlooks diverge

By Herbert Lash NEW YORK (Reuters) -Global equity markets surged on Monday as easing recession fears and hopes of a less aggressive Federal Reserve buoyed sentiment, while the likelihood of more jumbo interest rate hikes in Europe pushed the euro to a nine-month peak against the dollar. Gains in chipmakers boosted beaten-down U.S. tech stocks …

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Maruti Suzuki India to recall 11,177 Grand Vitara SUVs to fix seat belt defect

BENGALURU (Reuters) – India’s top carmaker Maruti Suzuki on Monday said it was recalling 11,177 Grand Vitara vehicles to address a possible defect in rear seat belt mounting brackets, its second recall within a week. In a rare case, the brackets may loosen in the long run and impair the seat belt’s functionality, Maruti said. …

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South Africa defends planned military drills with Russia and China

By Carien Du Plessis PRETORIA (Reuters) -South Africa’s foreign minister on Monday deflected criticism of joint military drills planned with Russia and China, saying that hosting such exercises with “friends” was the “natural course of relations.” Naledi Pandor made her comments during a meeting with Russian Foreign Minister Sergei Lavrov, who was visiting South Africa …

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Indian securities tribunal gives relief to NSE in colocation case

(Reuters) -India’s appeals tribunal on Monday set aside a ruling by the markets regulator against the National Stock Exchange (NSE), the country’s largest stock exchange, in a colocation case of 2019, according to an order published on the tribunal’s website. The tribunal ordered the NSE to pay the 1-billion-rupees ($12.3 million) penalty for system lapses …

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