(Reuters) – A growing number of market players expect the Bank of Japan to hike interest rates in either July or October, though an October hike is considered more likely, as it would give the B[...]
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March 20, 2024
Wall St ends higher as Fed keeps three rate cuts on the horizon
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s main stock indexes closed higher on Wednesday after the Federal Reserve eased investor jitters by keeping borrowing costs unchan[...]
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Chipmaker Micron’s shares surge as AI boom drives strong forecast
By Arsheeya Bajwa and Harshita Mary Varghese (Reuters) -Memory chip maker Micron Technology tapped a surge in artificial intelligence adoption to forecast third-quarter revenue above estimates on Wedn[...]
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US FAA relocating control of Newark, NJ, airspace to reduce congestion
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Aviation Administration said on Wednesday it will relocate control of the Newark, New Jersey, airspace area to Philadelphia to address[...]
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Fed’s Powell says balance sheet drawdown taper coming soon
By Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve is nearing a decision on slowing the pace of its balance sheet run-off, central bank Chair Jerome Powell said on Wednesday, a tapering mov[...]
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Amid forecast shift, Fed’s Powell flags uncertainty over longer-run outlook
By Michael S. Derby WASHINGTON (Reuters) – Federal Reserve officials on Wednesday nudged up the level estimated for their target interest rate over the longer term, but central bank Chair Jerome[...]
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Sam Bankman-Fried lives ‘life of delusion,’ new FTX CEO says as sentencing looms
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried is delusional in claiming the possibility customers of now-bankrupt FTX cryptocurrency exchange may recover funds means he did not steal, his success[...]
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Morning bid: Powered up on Powell, yen still on the brink
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets open on Thursday in the slipstream of U.S. markets’ positive reaction to the Federal Reserve’s s[...]
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Shell sells stake in SouthCoast Wind Energy to Ocean Winds North America
(Reuters) – Energy firm Shell said on Wednesday it had sold its 50% stake in SouthCoast Wind Energy, established to develop wind projects off the coast of Massachusetts, to its joint venture par[...]
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