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BOJ expected to raise rates to 1.0% in June, hike again in October-December

By Satoshi Sugiyama TOKYO, May 15 (Reuters) - The Bank of Japan will raise its key interest rate to 1.0% in June, nearly two-thirds of economists said in a Reuters poll, as it presses ahead with efforts to normalise monetary policy amid rising inflation concerns ...
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Oil rises after Trump says he is losing patience with Iran

By Mohi Narayan NEW DELHI, May 15 (Reuters) - Oil prices gained more than 1% after President Donald Trump said he would not be much more patient with Iran and as concerns persisted over ship attacks and seizures despite Tehran saying about 30 vessels had ...
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Morning Bid: Yield surge spoils the equity party

A look at the day ahead in European and global markets from Stella Qiu Is the penny finally dropping for investors in stocks? The bond market has been sounding the alarm for weeks - runaway inflation means rate hikes are firmly back in play. ...
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Global bonds tumble as flaring inflation spooks investors

By Amanda Cooper LONDON, May 15 (Reuters) - The global bond market limped to the end of a bruising week on Friday, as growing evidence of economic damage from the Iran war prompts investors to assume interest rates will rise faster than expected and growth ...
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Analysis-Carry on trading: rate-based G10 currency bets make a comeback

By Alun John and Dhara Ranasinghe LONDON, May 15 (Reuters) - The carry trade, where investors buy high-yielding major currencies and sell low-yielding ones, is having its best run in years, even with major risk-driven moves in global markets. This reflects a combination of low currency ...
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India raises fuel prices as global energy crisis adds pressure on economy

NEW DELHI (AP) - India raised fuel prices by 3 rupees ($0.03) per liter Friday as the government moved to offset losses due to higher global oil prices. In New Delhi, gasoline prices rose to 97.77 rupees ($1.17) a liter, while diesel climbed to 90.67 ...
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Asian stocks are lower after South Korea’s Kospi hits records, as Trump wraps up Beijing trip

HONG KONG (AP) - Asian stocks mostly retreated Friday and South Korea's Kospi gave up gains after reaching an all-time high, as investors watch for developments from the Iran war and U.S. President Donald Trump's summit in Beijing with Chinese leader Xi Jinping. U.S. futures ...
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GE Aerospace CEO Larry Culp visits China’s state planner headquarters

By Ju-min Park BEIJING, May 15 (Reuters) - GE Aerospace CEO Larry Culp was seen on Friday in Beijing leaving a meeting at the headquarters of China's powerful state planner, the National Development and Reform Commission, according to a Reuters witness. Culp's visit to the NDRC ...
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Volkswagen labour leaders stand by ‘red line’ on plant closures

By Christina Amann and Rachel More BERLIN, May 15 (Reuters) - Top labour representatives at Volkswagen said they would not allow plants to be closed, while remaining open to proposals to secure the future of under-used production sites in Germany, according to a joint statement ...
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War worsens Lebanon’s economic crisis with job losses, price gouging and slow business

CHIYAH, Lebanon (AP) - Ayman al-Zain watched on a recent afternoon as a bulldozer cleared the rubble of what used to be his sports clothing store, which was one of dozens of buildings destroyed in Israeli strikes against the Hezbollah militant group. With a nominal ...
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The Latest: Trump wraps up China visit and holds private meeting with Chinese leader Xi Jinping

U.S. President Donald Trump wraps up his visit to Beijing on Friday with a private meeting at Chinese leader Xi Jinping's official residence before he departs for Washington. During a series of meetings and events on Thursday the two discussed divisive issues such as the ...
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Antipoverty advocate Global Citizen hopes the World Cup halftime show drives money for education

NEW YORK (AP) - The antipoverty nonprofit Global Citizen is no stranger to big stages. The advocacy group rallied more than 60,000 festivalgoers at its Central Park concert last year around issues of rainforest protection and energy access. But Global Citizen is preparing for its ...
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