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Fed Chair Powell lauds Volcker’s ‘willingness to resist’

By Ann Saphir March 21 (Reuters) - Federal Reserve Chair Jerome Powell on Saturday lauded former Fed Chair Paul Volcker's "willingness to resist" political pressure as he fought inflation in the 1980s, remarks that have particular resonance as Powell presses his own defense of the ...
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Iran war’s energy impact forces world to pay up, cut consumption

By Alex Lawler and Arathy Somasekhar March 21 - The war in the Middle East has triggered a nightmare scenario for the global energy system, slashing so much supply that consumers around the world must both pay up big and lower consumption. The effective closure of ...
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Vatican launches campaign to encourage divestment from mining industries

ROME (AP) - The Vatican on Friday launched a campaign to encourage divestment from mining industries, saying the Catholic Church should invest its money in ways that are consistent with its ecological teachings. The effort, which also involves other Christian organizations, takes as its inspiration ...
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French navy boards a tanker in the Mediterranean suspected of being part of Russia’s shadow fleet

PARIS (AP) - The French navy on Friday intercepted and boarded a tanker in the Mediterranean Sea that President Emmanuel Macron said is linked to Russia's sanctioned shadow fleet shipping oil in violation of international sanctions over Moscow's war on Ukraine. According to the French ...
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Wall St futures slip as Iran war rages on, investors dial down rate cut bets

March 20 (Reuters) - U.S. stock index futures slipped in choppy trading on Friday as the Iran war approached its fourth week, roiling energy markets and prompting investors to aggressively reprice bets on interest rate cuts by the U.S. Federal Reserve. A report said the ...
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Oil prices ease and Asian shares are mixed as energy supply worries over Iran war remain

HONG KONG (AP) - Asian shares were mixed on Friday following Wall Street losses, and oil prices pared earlier gains on the intensifying Iran war, falling back to around $107 a barrel. U.S. futures were higher. Oil prices had a roller-coaster day on Thursday with ...
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New York man pleads guilty to cyberstalking in threats to relative of the late UnitedHealthcare CEO

ALBANY, N.Y. (AP) - An upstate New York man admitted to leaving harassing and threatening voicemail messages to a family member of slain UnitedHealthcare CEO Brian Thompson as he pleaded guilty to cyberstalking in federal court Thursday. Shane Daley, 40, was accused by federal ...
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Nexstar’s $3.5 billion Tegna deal cleared by US DOJ, Bloomberg News reports

March 19 (Reuters) - The U.S. Department of Justice has unconditionally cleared Nexstar's $3.5 billion deal to acquire rival Tegna, Bloomberg News reported on Thursday, citing people familiar with the matter. The report comes a day after a group of eight states filed a suit ...
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Live Nation CEO Michael Rapino, defending his company, takes star role at antitrust trial

NEW YORK (AP) - Live Nation Entertainment's longtime chief executive was the star witness at a New York antitrust trial Thursday, defending the dominant position his company has taken over the last two decades as a lawyer for nearly three dozen states tried to ...
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Cheniere, Venture Global shares surge amid Iran attacks on Qatar LNG infrastructure

By Curtis Williams and Scott DiSavino HOUSTON, March 19 (Reuters) - Shares of U.S. liquefied natural gas producer Cheniere Energy jumped to an all-time high while Venture Global initially spiked as much as 13% on Thursday after QatarEnergy said attacks by Iran may shut nearly ...
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Average US long-term mortgage rate rises to 6.22%, highest level in more than 3 months

The average long-term U.S. mortgage rate climbed this week to its highest level in more than three months, a setback for prospective home shoppers this spring homebuying season. The benchmark 30-year fixed rate mortgage rate rose to 6.22% from 6.11% last week, mortgage buyer Freddie ...
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Oil and gas prices surge as Iran escalates strikes on Gulf refineries

(NEW YORK) -- Iranian attacks on significant energy infrastructure and refineries in several Gulf countries pushed oil and gas prices higher in volatile trading on Thursday.Brent crude oil prices, a benchmark for global trading, climbed by about 6%, hitting $116 per barrel for contracts ...
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