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Australia central bank hikes rates for third time this year in battle with inflation

Australia central bank hikes rates for third time this year in battle with inflation

By Stella Qiu and Wayne Cole SYDNEY, May 5 (Reuters) - Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that inflation would remain sticky as the conflict in the Middle East unleashed a global oil shock.

Australia central bank warns of rising inflation, slower growth as oil shock bites

Australia central bank warns of rising inflation, slower growth as oil shock bites

SYDNEY, May 5 (Reuters) - Australia's central bank on Tuesday sharply raised its inflation forecasts, while downgrading the outlook for economic growth and employment as a global energy shock from the Gulf poses major challenges for monetary policy.

Stocks edge up in Asia, oil flat amid Middle East uncertainty

Stocks edge up in Asia, oil flat amid Middle East uncertainty

By Wayne Cole SYDNEY, May 4 (Reuters) - Shares edged higher while oil prices flatlined in Asia on Monday, as investors drew comfort from signs of patchy progress in settling the Middle East conflict at the start of a week packed with earnings and key economic data.

Williams says Fed policy well positioned for economic risks, uncertainty

Williams says Fed policy well positioned for economic risks, uncertainty

By Michael S. Derby NEW YORK, May 4 (Reuters) - New York Federal Reserve President John Williams said on Monday the U.S. central bank's monetary policy is "well positioned" to deal with the high level of economic uncertainty facing the economy as a result of the war in the Middle East.

Opening the Strait, or maybe not

Opening the Strait, or maybe not

May 4 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. A new week and we're back to Strait watching. That's the Strait of Hormuz and everyone's a shipping expert these days.

Federal Reserve's John Williams Asserts Monetary Policy Prepared for Middle East Conflict Impact

Federal Reserve's John Williams Asserts Monetary Policy Prepared for Middle East Conflict Impact

Federal Reserve's John Williams Asserts Monetary Policy Prepared for Middle East Conflict Impact

Kashkari says Iran war limits Fed's ability to provide rate guidance

Kashkari says Iran war limits Fed's ability to provide rate guidance

Yen steady as intervention fears linger with Japan shut for holidays

Yen steady as intervention fears linger with Japan shut for holidays

By Gregor Stuart Hunter SINGAPORE, May 4 (Reuters) - The yen stabilised at the start of trading in Asia, strengthening slightly after a few choppy sessions following suspected intervention by authorities to strengthen the currency last week.

Federal Reserve's John Williams Addresses Economic Uncertainty Amid Middle East Conflict

Federal Reserve's John Williams Addresses Economic Uncertainty Amid Middle East Conflict

Federal Reserve's John Williams Addresses Economic Uncertainty Amid Middle East Conflict

Asian shares slip and oil prices retreat from latest flare in Iran tensions

Asian shares slip and oil prices retreat from latest flare in Iran tensions

Asian stocks are trading lower, tracking losses on Wall Street after U.S. stocks fell from record highs

Shares slide, oil prices elevated as US-Iran truce prospects dim

Shares slide, oil prices elevated as US-Iran truce prospects dim

By Rae Wee SINGAPORE, May 5 (Reuters) - Stocks in Asia slid on Tuesday while oil prices eased but remained well above $100 a barrel, as the U.S. and Iran continue to work towards a truce while at the same time trading blows over the Strait of Hormuz.

Federal Reserve's Kashkari Warns Iran Conflict Raises Inflation Risks, Rate Cuts Uncertain

Federal Reserve's Kashkari Warns Iran Conflict Raises Inflation Risks, Rate Cuts Uncertain

Federal Reserve's Kashkari Warns Iran Conflict Raises Inflation Risks, Rate Cuts Uncertain