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UBS Delays Federal Reserve Rate Cuts Amid Inflation and Strong Labor Market

UBS Delays Federal Reserve Rate Cuts Amid Inflation and Strong Labor Market

UBS Delays Federal Reserve Rate Cuts Amid Inflation and Strong Labor Market
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World markets feel the strain as US–Iran war grinds on

World markets feel the strain as US–Iran war grinds on

By Karin Strohecker and Dhara Ranasinghe LONDON, May 12 (Reuters) - From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets.
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U.S. Dollar Strengthens Amid Inflation Data and Iran Ceasefire Uncertainty

U.S. Dollar Strengthens Amid Inflation Data and Iran Ceasefire Uncertainty

U.S. Dollar Strengthens Amid Inflation Data and Iran Ceasefire Uncertainty
Reuters Reuters
Senate confirms Warsh to Fed Board, with Fed chair vote likely Wednesday

Senate confirms Warsh to Fed Board, with Fed chair vote likely Wednesday

By Richard Cowan and Ann Saphir May 12 (Reuters) - The U.S. Senate on Tuesday confirmed Kevin Warsh to a 14-year term as Federal Reserve governor, marking an important step toward his succeeding Jerome Powell as the U.S. central bank's next leader.
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Fed's Collins says rate hikes may be needed to quell inflation

Fed's Collins says rate hikes may be needed to quell inflation

By Michael S. Derby May 13 (Reuters) - Boston Federal Reserve President Susan Collins said on Wednesday the U.S. central bank may need to raise interest rates if inflation pressures do not abate.
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India races to shield economy from Iran war-driven oil shock, capital stress

India races to shield economy from Iran war-driven oil shock, capital stress

By Jaspreet Kalra and Nimesh Vora MUMBAI, May 13 (Reuters) - A sustained spike in energy prices triggered by the Iran war has clouded India's macroeconomic outlook, spurring crisis-era measures from policymakers to shield Asia's third-largest economy from external headwinds.
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Australian Artist Keli Holiday Denied U.S. Re-entry, Cancels New York Show

Australian Artist Keli Holiday Denied U.S. Re-entry, Cancels New York Show

Australian Artist Keli Holiday Denied U.S. Re-entry, Cancels New York Show
Reuters Reuters
UBS delays Fed rate cuts on inflation concerns, as jobs stay resilient

UBS delays Fed rate cuts on inflation concerns, as jobs stay resilient

May 13 (Reuters) - UBS Global Wealth Management joined a wave of brokerages in pushing back their U.S. monetary policy easing forecasts, citing persistent inflation and resilience in the labor market and economic growth.
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Soccer-Magic Johnson urges fans to make Los Angeles their World Cup destination

Soccer-Magic Johnson urges fans to make Los Angeles their World Cup destination

INGLEWOOD, California, May 12 (Reuters) - Los Angeles sports royalty and former NBA great Earvin "Magic" Johnson on Tuesday urged fans from around the world to make Los Angeles their World Cup destination, calling the city the "sports capital of the world."
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Patriots international history leading up to 2026 Germany game

Patriots international history leading up to 2026 Germany game

The Patriots will play their sixth international game later in 2026.
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Keli Holiday Denied U.S. Re-entry, Cancels New York Show Amid Visa Issues

Keli Holiday Denied U.S. Re-entry, Cancels New York Show Amid Visa Issues

Keli Holiday Denied U.S. Re-entry, Cancels New York Show Amid Visa Issues
Reuters Reuters
Departing Bank of Korea board member says policy should focus on inflation control

Departing Bank of Korea board member says policy should focus on inflation control

SEOUL, May 11 (Reuters) - South Korea's central bank needs to prioritise controlling inflation as it could exceed the target rate after the war in Iran drove up energy prices, an outgoing member of the policy-setting board said on Monday.