Updated - Squid Business

Dollar gains vs most currencies as US nonfarm payrolls loom

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose against most currencies on Thursday in choppy trading, bolstered by better-than-expected U.S. labor market data that dampened expectations of multiple interest rate cuts by the Federal Reserve this year. A crucial nonfarm payrolls report due on Friday could guide the outlook on Fed policy easing. Economists …

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Oil settles lower on massive US fuel inventory builds

By Laura Sanicola (Reuters) -Oil settled lower on Thursday in a choppy see-saw session, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude settled down 66 cents, or 0.8%, to $77.59. During the session it both rose and fell over $1. U.S. West Texas Intermediate crude futures settled …

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Lawmakers ask Pentagon to consider barring US investments in China’s Quectel

By David Shepardson WASHINGTON (Reuters) -The top Republican and Democrat on the U.S. House of Representatives’ China committee on Thursday asked the Biden administration to consider adding China’s Quectel Wireless to a list of Chinese military companies. Inclusion on the Treasury Department list would bar U.S. entities from buying or selling publicly traded securities in …

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UK foreign minister Cameron: Red Sea attacks must stop

By Fatos Bytyci PRISTINA (Reuters) – Attacks on cargo vessels in Red Sea shipping lanes have to stop otherwise international action will be taken, British Foreign Secretary David Cameron said on Thursday. Recent attacks by Yemen’s Iran-backed Houthis have drawn international condemnation, with Britain, the United States and others issuing a joint statement on Wednesday …

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Oscar Pistorius, track star turned convicted murderer, set to leave jail

By Aadi Nair (Reuters) -Oscar Pistorius’ life story from before and after Valentine’s Day 2013 reads like the script to two markedly different films – the first an inspirational sporting biopic and the second a grim tale of murder. In the first he was the “Blade Runner”, the multiple Paralympic gold medallist with carbon-fibre prosthetic …

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Disney, Reliance start antitrust diligence on India media merger -sources

By Aditya Kalra NEW DELHI (Reuters) -Indian billionaire Mukesh Ambani’s Reliance Industries and Walt Disney have appointed law firms and started antitrust due diligence of their planned Indian media and entertainment merger, four people familiar with the matter said. Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has …

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Egypt plans expansion of new capital as first residents trickle in

By Patrick Werr CAIRO (Reuters) – Egypt is preparing to spend billions doubling the size of a lavish new capital it is building in the desert 45 km (28 miles) east of Cairo, where the first residents are trickling in, the head of the company overseeing the project said. The city is the biggest of …

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Trump business got at least $7.8 million in foreign payments during presidency -report

By Makini Brice WASHINGTON (Reuters) -Businesses tied to Republican former U.S. President Donald Trump received at least $7.8 million in foreign payments from 20 countries during his four years in the White House, Democratic congressional investigators said Thursday. U.S. House of Representatives Oversight Committee Democrats said the payments detailed in the 156-page report are likely …

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South African rand little changed as PMI dips on port gridlock

JOHANNESBURG (Reuters) -The South African rand was broadly unchanged on Thursday, as a purchasing managers’ index (PMI) survey flagged the impact of a gridlock at a major port. At 1525 GMT, the rand traded at 18.69 against the dollar, 0.1% stronger than its previous close. The dollar was 0.1% weaker against a basket of global …

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UKMTO receives report that armed group have boarded Liberia-flagged vessel off Somalia

DUBAI (Reuters) -United Kingdom Maritime Trade Operations (UKMTO) and British maritime security firm Ambrey said on Thursday that a Liberia-flagged bulk carrier had reportedly been boarded by armed individuals southeast of Eyl, Somalia. In its statement, UKMTO said that it received a report that five to six unauthorized armed persons have boarded the merchant vessel. …

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